5775. Huntingburg Bank (Huntingburg, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 19, 1931
Location
Huntingburg, Indiana (38.299, -86.955)

Metadata

Model
gpt-5-mini
Short Digest
ea574686

Response Measures

None

Description

Newspaper articles from May 1931 and later describe the Huntingburg Bank as having crashed and being closed and placed in receivership (James O. Sanders). The bank's failure is attributed to the collapse/failure of the Wallace Milling Company (a local business transaction that left the bank insolvent). There is no explicit description of a depositor run prior to suspension; therefore this is classified as a suspension (closure) with a receivership. Subsequent articles show the receiver settling claims and paying dividends in 1932–1933, confirming permanent closure rather than reopening. I corrected OCR artifacts (e.g., Mueller/Muller spelled variably) but preserved factual details.

Events (4)
1. May 19, 1931 Receivership
Newspaper Excerpt
James W ... are expected to Huntingburg Bank receiver ... is between attend ing heard in Warrick Circuit ... jury awarded $35,000 damages from James O. Sanders, Huntingburg Bank receiver, ... the Huntingburg Bank crashed ... the Huntingburg bank was forced to close, it was contended.
Source
newspapers
2. May 22, 1931 Suspension
Cause
Local Shock
Cause Details
Failure of the Wallace Milling Company: bank accepted large deposit/mortgage from Wallace after mill purchase; Wallace then failed, forcing the bank to close.
Newspaper Excerpt
The Huntingburg Bank crashed with the Dale mill, evidence showed. The jury yesterday returned the verdict after four hours deliberation.
Source
newspapers
3. September 29, 1932 Other
Newspaper Excerpt
James O. Sanders, receiver of the Huntingburg bank, yesterday paid ... represents compromise of judgment for $35,000 granted the Mueller Brothers when tried in circuit court here more than year ago.
Source
newspapers
4. April 7, 1933 Other
Newspaper Excerpt
J. O. Sanders, receiver for the Huntingburg Bank regarding the payment of a five percent dividend to the bank's creditors. This will make a total of seventy-five percent repaid to creditors.
Source
newspapers

Newspaper Articles (8)
1. May 19, 1931 Evansville Press Evansville, IN
Article from Evansville Press, May 19, 1931

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POCKET PUBLISHERS MEET AT MARENGO Tri-State News INDIANA Gentryville, James W Green. 73. Washington, Joseph Hinkle, 56; 45, Hopkins County farmer, Ray Colbert, 36: Thomas Engdrowns himself in Green River. land, 76. monly known as rabbit fever, proves fatal to John Eberle, 72. Pocket Publishers' League mem- BOONVILLE. Ind.-On a change bers and their families are to of venue. suit of Edwin and Josgather Saturday at Marengo for the eph Muller. Ferdinand mill ownannual mid-summer meeting. Be- against James O. Sanders, 50 and 75 are expected to Huntingburg Bank receiver, is between attend ing heard in Warrick Circuit The meeting was postponed last Saturday, President W. B. Carleton, Boonville publisher explained, hecause of a conflict in dates with the course in journalism at Bloomington B. Thomas. of the Marengo Messenger, will act as host and the Chamber of Commerce will entertain with noon banquet. A visit thru the cave will be one of the afternoon features

2. May 22, 1931 Evansville Courier and Press Evansville, IN
Article from Evansville Courier and Press, May 22, 1931

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STEVE FILES PLEA FOR ANOTHER TRIAL IN MURDER Repeats Same Effort Denied by State Supreme Court Less Than Two Weeks Ago Despite denial by the Indiana court of new trial less than two weeks D. C. mer klan today repeated the same to gain his freedom from the Indiana prison where he life term for murder. Stephenson who in 1925 of alaying of Madge Ober holtzer Indianapolis girl, has failed within recent weeks in two efforts to obtain trial petition for writ error legal tion which is used to obtain new trial in where the original trial is alleged have been fair one DENIES JURISDICTION The first petition was filed in he on change of Marion and Judge Fred present judge of the Hamilton denied on the grounds he no longer has juris- deputy attorney on certain The second petition was filed with phases of the killing the supreme Steph"He was civil deputy and was sought to the court appointed this office by former mandate the to acattorney cept The PICTURES BEAR LIKENESS sustained Attorney General James M Ogden's to [By Associated Press] demurrer this move Chief Detectives Joseph Taylor PREVIOUS PLEAS REVIEWED George Crawford brother of the The petition today similar to the slain man, Miss Lucille Fisher and first one filed in the court at Nobles- Ray Radke Crawford's ville It recounts the previous charges office said pictures of Clark bore a mob violence likeness the who entered the the trial, that hired office and killed the men after gunmen the It lengthy reviews all of the previous petitions. On heels of statement including plea for writ of habeas (Continued on Page Three) corpus, all of which have been denied It refers to the original appeal that has been in the for than three $35,000 AWARDED CHARGES "FRAME-UP" The petition the charges that was "framed by INDAMAGE ACTION of the klan, and that Evans raised fund $100,000 to bring about his conviction also charged that the conviction year afterwards, with the trial judge Ferdinand Milling Company participating Wins Verdict Against HuntThe plea that the verdict of trial court and that ingburg Bank Receiver the petitioner remanded in the Marion criminal court BOONVILLE May Muller Brothers of Ferdinand given verdict for damages James O. Sanders, receiver of the Huntingburg bank, jury in afternoon flour mill in Ferdinand sold their property the Wallace Milling company of and accepted in the Wallace Milling company tion officials of the to brought Immediately the transaction the Wallace company placed $40,000 mortgage Ferdinand property and deposited the money in the bank The Wallace then and as result the bank was brought out Muller contented that the bank the stock of Wallace Milling company and money and the should be by the receiver of

3. May 22, 1931 Evansville Press Evansville, IN
Article from Evansville Press, May 22, 1931

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THE EVANSVILLE PRESS Henderson News Tri-State News BANK ORDERED PAY Special Correspondence MT. VERNON, Ind. Diplomas HENDERSON, Ky., May 22.-The are given 75 Mt. Vernon High $35,000 TO BROTHERS Rotary Club has announced plans School seniors at commencement, to entertain the 21 graduates of the Damage Case Result of Wallace Milling Company Crash Junior High School at their next meeting be held Thursday. Garret Withers, Dixon, was the principal speaker at the luncheon yesterday. Special Correspondence "Party" Slayer Freed BOONVILLE, Ind., May 22.-An John Chandler, 35, pleaded guilty echo of the failure of the Wallace to charge of voluntary manMilling Company of Dale slaughter in Circuit Court yesterheard in Warrick Circuit Court day and was given four years in the penitentiary. when Edwin. Frank, James and The charge was reduced from Joseph Muller were wilful murder and the sentence was $35,000 damages from James O. the of CommonSanders, Huntingburg Bank rewealth Attorney Talbot Berry. ceiver. The jury was out only long The Muller brothers charged enough write the directors of the now closed HuntChandler was charged with killingburg Bank advised them to sell ing Frank Balky at the Chandler their mill the Wallace brothers home in Smith Mills Oct. 21 at a and accept stock in the Dale mill party. with Dr. Willis Sutton, Atlanta, Ga., the principal speaker. HOPKINSVILLE, Ky. Sheriff Barrett E. Brown and a posse searched unsuccessfully in wood near Hopkinsville on tip Roscoe Hall Allen Mullen, escaped prisoners, are hiding there. JASPER, Ind. Charged with issuing bad check, W. Barrowman, Huntingburg coal dealer, is held in jail. PRINCETON, Ind.-The Princeton G. A. R. will hold memorial services Memorial Methodist Church, with Rev. Erwin Amahundro to speak. HARRISBURG, III, promiHarrisburg attorney, Alpheus Gustin, is arrested on federal warrant charging dry law violation. as payment. The directors, the Mullers charge, knew at the time that the Wallace Brothers Mill was financially unsound. After the sale, the Wallace mill failed, and Donald and Roland Wallace convicted on charges of violating the state warehouse act. Their appeal is now pending. The Huntingburg Bank crashed with the Dale mill, evidence showed. The jury yesterday returned the verdict after four hours deliberation.

4. November 27, 1931 The Warrick Enquirer Boonville, IN
Article from The Warrick Enquirer, November 27, 1931

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Article Text

BANK RECEIVER APPEALS IN VERDICT IN MULLER CASE James Sanders, receiver of the Huntingburg bank, Monday appealed the verdict of damages granted the Muller brothers of Ferdinand against receiver to diana appellate court. Bond for the appeal Frank, Joseph and Erwin Muller, flour mill sold their flour mill to the Wallace Company and accepted stock in the Wallace Milling Company in payment on tion officials the Huntingburg bank, according to evidence brought out at the trial here in May. Immediately following the transaction the Wallace Milling Company placed $40,000 the Ferdinand property and deposited the in the bank. The Wallace Company then and result the Huntingburg bank was forced to close, was contended. The Muller brothers contended that the bank guaranteed the stock the Wallace Milling Company and that the bank money and result the Muller brothers should paid by the receiver of the defunct bank. Damages of were granted the Muller by the jury after only few hours' deliberation.

5. December 4, 1931 The Herald Jasper, IN
Article from The Herald, December 4, 1931

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News From Our Exchanges BANK RECEIVER APPEALS IN VERDICT IN MULLER CASE James O. Sanders, receiver of the Huhtingburg bank, on Monday appealed the verdict of $35,000 damages granted the Muller brothers of Ferdinand against the receiver to the Indiana appellate court Bond for the appeal was set at $40,000. Frank, Joseph and Erwin Muller, owners of a flour mill in Ferdinand, sold their flour mill to the Wallace Milling Company of Huntingburg and accepted stock in the Wallace Milling Company in payment on recommendation of officials of the Huntingburg bank, according to evidence brought out at the trial here in May Immediately following the tranasction the Wallace Milling Company placed a $40,000 mortgage on the Ferdinand property and deposited the money in the Huntingbu bank The Wallace Company then failed and as a result the Huntingburg bank was forced to close, it was contended The Muller brothers contended that the bank guaranteed the stock of the Wallace Milling Company and that the Huntingburg bank received the money and as a result the Muller brothers should be paid by the receiver of the defunct bank Damages of $35,000 were granted the Muller brothers by the jury after only few hours deliberation.-The Boonville Enquirer OTHER DECEMBER MEETINGS December 9. 10 and 11 will be the dates of the annual township trustees' meeting in Indianapolis. A well arranged program has been prepared. December 10 and 11 is the date for the meeting of the Indiana Historical Society in Indiarapolis. Many business and professional people in Indiana are members of this organization. In addition to thsoe members in Dubois County additional letters of invitation have gone out to others. Dr. Christopher, B. Coleman, State House, Indianapolis, is the secretary and will receive applications for membership. Sure, there's a difference. Bologna is in Italy. Boloney is in New York.

6. September 30, 1932 Evansville Courier and Press Evansville, IN
Article from Evansville Courier and Press, September 30, 1932

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BANK RECEIVER SETTLES FERDINAND FIRM CLAIM BOONVILLE Sept. 29.-(Special) James O. Sanders, receiver of the Following the banquet parade was held from the hotel to the high Huntingburg bank, yesterday paid school, led by the Cannelton band $11,750 to Henry Shafer, clerk of the and the Tell City American Legion Warrick circuit court, for Mueller drum and bugle corps Brothers of Ferdinand. The amount INDIANA PRECINCTS NINE represents compromise of judgment for $35,000 granted the Mueller SHORT OF TOTAL IN 1930 Brothers when tried in circuit court here more than year ago. Indiana has 3,691 precincts this year Mueller Brothers, operating flour a loss of nine over that of 1930, mill in Ferdinand, sold their mill to was announced yesterday by J. Otto the Wallace Brothers Milling com- Lee, clerk of the state board of elec pany of taking as pay- tiin who completed ment stock of the Wallace Milling cimpilation of the new list of precompany They accepted the stock cincts. on the guarantee of Hugo Rothert. Since 1930 Brown county lost five president of the Huntingburg bank Delaware gained three: Greene gained and an officer in the milling com- three: Jasper gained one Clark pany, that the stock was good and gained one: Lake lost 15: Morgan lost worth the value placed on it, it was one: Porter lost and St. Joseph brought out in court. gained five

7. September 30, 1932 The Huntingburgh Argus Huntingburg, IN
Article from The Huntingburgh Argus, September 30, 1932

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BANK RECEIVER SETTLES FERDINAND FIRM Boonville, Sept. Sasders, receiver of the Huntingburg bank, today paid Henry Shafer, clerk of the Warrick circuit court, for Mueller Brothers of Ferdinand. The amount represents compromise of judgment for granted the Mueller Brothers when tried in circuit court here more than year ago. Mueller Brothers, operating flour mill in Ferdinand, sold their mill to the Wallace Brothers Milling company of Huntingburg. taking as payment stock of the Wallace Milling company. They accepted the stock on the guarantee of Hugo Rothert, president of the Huntingburg bank and an officer in the milling company, that the stock was good and worth the value placed on it was brought out in Evansville Courier.

8. April 7, 1933 The Huntingburgh Argus Huntingburg, IN
Article from The Huntingburgh Argus, April 7, 1933

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BANK RECEIVER.TO PAY ANOTHER DIVIDEND In another column of this issus will be found an official notice by J. 0. Sanders, receiver for the Huntingburg Bank regarding the payment of a five percent dividend to the bank's creditors. This will make a total of seventy-five percent repaid to creditors. Mr. Sanders arranged for a distribution at this time feeling that it would be of assistance to creditors in meeting their spring installment of taxes, and other expenses incident to the planting of crops at this season of the year.