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: 5be452cf

Response Measures

None

Description

Article (Dec 20, 1930) reports the Blackford County Bank closed its doors here six years ago (about 1924) and that a receiver was named Dec 19, 1930. No run is mentioned. Cause of the original closure is not given in the article, so classified as 'other'.

Events (2)

1. January 1, 1924* Suspension

Cause Details: Article only states the bank closed six years earlier (circa 1924); no cause provided.
Newspaper Excerpt: the Blackford County Bank, which closed its doors here six years ago
Source: newspapers

2. December 19, 1930 Receivership

Newspaper Excerpt: Charles J. Clamme ... was today in the Blackford Circuit Court named receiver the bank.
Source: newspapers

Newspaper Articles (1)

1. December 20, 1930 The Star Press Muncie, IN

Article from The Star Press, December 20, 1930

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Article Text

JUDGE NAMES BANK RECEIVER Clamme to Serve as Agent Hartford City. Hartford City, Ind., Dec. 19. Charles J. Clamme, who been liquidating agent for the Blackford County Bank, which closed its doors here six years ago, was today in the Blackford Circuit Court named receiver the bank. A suit has been pending in the court here for some time, asking that assessment made upon the stockholders seeking the appointment of receiver. No action taken it. awaiting the decision of the Indiana Supreme Court as to the stockholders' liability. Action Follows Liability Decision. With the recent decision that stockholders are liable for their stock and sum equal to the amount of it, the here being pushed again The action today will be followed, it expected, by an assessment on the stockholders. bank was capitalized for $75.Some the stockholders are insolvent. with result that the 100 per cent assessment probably will reach about $40,000 is estimated that will provide for 10 cent distribution to depositors The band already paid back 73.6 per cent depositors, which is considered a fine record. Fined on Gambling Charges. Roy Smith, Marion Kemp and William Martelle, this were given fines of $25 and costs. totalling $35 in each case. in the City Court here today on possessing gaming follows raid made last fall in slot Recently the courts held that slot machines could not be unless they found in operation. Following the assessing of the fines, therefore. machines turned over to William H. Ritchie, of Eaton. the owner. who recently brought replevin actions against Sheriff Ira Barton and Chief Police William Speidel. showing for developed today in the being drilled on the John Glancy farm northwest of here in Washington Township The well is now about 1,000 feet. will be drilled deeper. Christmas Programs Arranged. The first of the Christmas programs here given afternoon by various of the associations. Other programs will be given by the tomorrow and Sunday. schools will programs the first of prior to the for the Christmas James W. Meranda. 39, and Orpha Miller 30, of this city, married here today by M. Bonham, justice of the peace. They went to Muncie to spend the and will then return to this city to make their home