5753. Blackford County Bank (Hartford City, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1924*
Location
Hartford City, Indiana (40.451, -85.370)

Metadata

Model
gpt-5-mini
Short Digest
1d2a6252

Response Measures

None

Description

The articles describe the Blackford County Bank as having closed its doors here five years ago (i.e., permanently suspended around 1924) and being in liquidation. In Oct–Nov 1929 there are legal actions seeking appointment of a receiver and assessment of stockholders. No contemporaneous run is described. Closure appears permanent and a receiver is being sought/appointed.

Events (3)
1. January 1, 1924* Suspension
Cause Details
Article states the bank closed its doors five years ago and has been in liquidation since; no specific cause listed in the articles.
Newspaper Excerpt
the old Blackford County Bank, which closed its doors here five years ago. Since that time the bank has been in process of liquidation
Source
newspapers
2. October 23, 1929 Other
Newspaper Excerpt
A petition was filed in the Blackford Circuit Court late this afternoon, asking that receiver be appointed for the old Blackford County Bank ... The bank to date has paid back 70 per cent to depositors.
Source
newspapers
3. November 16, 1929 Other
Newspaper Excerpt
That a bank stockholder is liable to a par assessment ... Judge Simmons' ruling specifically held that W. C. Horn, a stockholder, was liable to an assessment and awarded a judgment against him for $800 ... The bank now is in the process of liquidation.
Source
newspapers

Newspaper Articles (2)
1. October 24, 1929 The Star Press Muncie, IN
Article from The Star Press, October 24, 1929

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Article Text

HARTFORD CITY JAIL DELIVERY No Trace of Gar Williams, Held as Lunatic. Hartford City, Ind., Oct. 23.-Tonight no trace had been found of Gar Williams, 43, of Montpelier, who escaped from the Blackford County jail some time between last midnight and this morning. Williams gained his release by taking the lock off the cell block in the jail. He hid the lock in the bedclothes of his cell, but no trace has been found of the screw driver he must have used in taking out the screws that hold the lock. The fact that he had escaped was not discovered until his breakfast was taken into the cell house this morning. Alleged Head of Cattle Thieves. Williams had served twice in the Easthaven Asylum at Richmond. Recently he was released there as cured, but was picked up again. He is alleged to have been the head of gang of cattle thieves in the northern part Other members of the alleged gang are now serving time. Williams esr caped a similar sentence on the grounds of insanity. It is believed that he may have gone to Pittsburgh, where he has relatives. Quiz Suspected Trio. Mr. and Mrs. James Glover and Mrs. Arthur Croy were questioned today in connection with the escape. It is the theory of the authorities that they may have smuggled a screw driver into the jail when they came to call upon Art Croy. who was taken to the state prison yesterday to serve term for robbery It is believed that Croy might have been taken away too soon for the jail attempt to be made by him. Ask Bank Receiver. A petition was filed in the Blackford Circuit Court late this afternoon, asking that receiver be appointed for the old Blackford County Bank, which closed its doors here five years ago. Since that time the bank has been in process of liquidation with Charles J. Clamme as agent. The petition also asks that the stockholders of the bank be assessed. The bank to date has paid back 70 per cent to depositors. Hartford City Briefs. George Spangler. well known North Wabash avenue resident. died late today. after an extended illness with paralysis and heart trouble. The county treasurer's office here

2. November 16, 1929 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, November 16, 1929

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Article Text

STOCKHOLDER OF BANK HELD LIABLE FOR LEVY Blackford Circuit Court Decides Full Assessment Legal. Bu United Press HARTFORD CITY, Ind., Nov. 16. -That a bank stockholder is liable to a par assessment on the amount of stock that he owns was the decision of Judge Victor Simmons in Blackford circuit court here, in the case of Robert Simison and others against Addie Byall and other stockholders, directors and officers of the closed Blackford County bank. Plaintiffs sought an assessment of stockholders and appointment of a receiver to assume charge of the assets. Judge Simmons' ruling specifically held that W. C. Horn, a stockholder, was liable to an assessment and awarded a judgment against him for $800, representing eight shares of stock. The bank now is in the process of liquidation. Two. suits before the Indiana supreme court concern liability of bank stockholders to an assessment. One is an appeal from the Wells circuit court holding that stockholders are not liable to assessment and the other is an appeal from the Wabash circuit court to the contrary.