5839. Harrison's Bank (Indianapolis, IN)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
private
Start Date
July 15, 1884
Location
Indianapolis, Indiana (39.768, -86.158)

Metadata

Model
gpt-5-mini
Short Digest
3ad5d1bf

Response Measures

Full suspension, Books examined

Description

Newspapers report a run in mid-July 1884 (about July 15) with $132,000 paid out, followed by suspension July 18, 1884 and appointment of a receiver. Subsequent reporting shows receivership, inadequate assets, criminal charges against John C. S. Harrison and sales of mortgaged property — bank did not reopen and was wound up. Bank is a private partnership (A. & J. C. S. Harrison) per articles.

Events (4)
1. July 15, 1884 Run
Cause
Bank Specific Adverse Info
Cause Details
Heavy withdrawals during a mid-July panic after revelations about Harrison's insolvency/connection with failed Indiana Banking Company and general loss of confidence in Harrison's affairs.
Measures
Harrison paid off a number of small checks personally; bank was ruled out of the clearing-house and some certified checks were protested.
Newspaper Excerpt
In the run on the bank $132,000 was paid out, which reduced the liabilities to about $466,000.
Source
newspapers
2. July 18, 1884 Receivership
Newspaper Excerpt
When the bank failed John W. Claypool was appointed receiver; later Judge Lamb is referenced as receiver and files reports of the bank's condition (assets meager).
Source
newspapers
3. July 18, 1884 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension followed the run and revelations of the bank's poor asset position and alleged embezzlement/shortages involving proprietor John C. S. Harrison.
Newspaper Excerpt
Harrison's Bank suspended this morning. John W. Claypool was appointed receiver; bond $800,000.
Source
newspapers
4. July 25, 1884 Other
Newspaper Excerpt
THE CONDITION OF HARRISON'S BANK...bills receivable in the hands of Judge Lamb, receiver of the suspended bank, are estimated at less than $3,000 in value, while the cash assets amount to $119. (New-York Tribune, July 25).
Source
newspapers

Newspaper Articles (20)
1. July 18, 1884 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, July 18, 1884

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Total $50,818.87 From the above it will be seen that the balances at the clearing-house yesterday were small. Indeed, they were not over one-half the ordinary amount when business is brisk. This indicates that the people are not drawing heavily on the banks, and shows their confidence in them. With the exception of that against Harrison's Bank, the balances were insignificant when compared with what often occurs at the clearing-house in ordinary times. All the banks that were indebted to the Clear ing-house paid their accounts promptly, and the others were paid in turn. When his account was presented by Mr. Woollen, Mr. Harrison said he would not pay it. Some of the checks, he said, he would like to pay, but others he would not, and he asked Mr. Woollen to be allowed to make his selection. This was refused and Mr. Woollen returned the checks on Harrisons' Bank to the various banks whence they came. Mr. Harrison visited several of these and paid off a number of small checks, particularly those that were given on payment of obligations. The clearances of Harrison's bank were there-. fore: cancelled, and it was ruled out of the Clearance-house Association, because it had not met its obligations as required by the rules. After 4 o'clock payment was again demanded on certain certified checks and like obligations, and when it was refused they were protested. Their amount, it is understood, is between $3,000 and $4,000. THE BANK AND ITS DEPOSITORS. The depositors of Harrison's bank are not Bearly so numerous as those of other like institutions. An inquiry of one of the clerks as to the exact number was not productive of the decired information. Among other bankers, howover, it was variously estimated at from 300 to 400, and the total: amount of deposits at from $300,000 to $600,000. There are a great many trust funds among these, deposited by guardians, administrators, etc., on whose official bonds Mr. Harrison is among the securities. Several treasurers of out counties have their funds here and one or two officials from this city, but they claim to be amply protected. In the assessment list made April 1 of this year the assets and liabilities of the bank are given by Mr. Harrison as follows: Amount of money on hand $17,974 Amount in other banks 4,368 Bills receivable 478,459 Bonds and stocks 21,058 Legal tender (exempt from taxation) 45,100 Total $566,959 The deposits by others in the bank is given at $598,729. An examination of the books in the city treasurer's office shows that the banking firm of A. & J. C. S. Harrison own property valued at $71,750. The senior member is credited with property valued at $22,550, and the junior member at $30,800. The above figures may not at all represent the condition of affairs at the present time, but they are given for what they are worth. A complication of the present trouble is the fact that Mr. J. C. S. Harrison is receiver of he Indiana Banking Company, which failed a ear ago, and which has thus far only paid a sin-

2. July 19, 1884 The Daily Cairo Bulletin Cairo, IL
Article from The Daily Cairo Bulletin, July 19, 1884

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Failed To Open. INDIANAPOLIS, IND., July 18.-Harrison's Bank suspended this morning. John W. Claypool was appointed receiver; bond $800,000.

3. July 26, 1884 New-York Tribune New York, NY
Article from New-York Tribune, July 26, 1884

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THE CONDITION OF HARRISON'S BANK. INDIANAPOLIS, July 25.-There are some astonishing developments made concerning the failure of Harrison's Bank. The bills receivable in the hands of Judge Lamb, receiver of the suspended bank, are estimated at less than $3,000 in value, while the cash askets amount to $119. In April the bank's statement for taxation showed assets of $566,955 and the firm was credited with real estate to the amount of $71,000. The deposits shown by the same report were $598,729. In the run on the bank $132,000 was paid out, which reduced the liabilities to about $466,000.

4. July 26, 1884 Daily Republican Wilmington, DE
Article from Daily Republican, July 26, 1884

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# Business Failures According to a telegram from In- polis "there are some astonish- velopments being made concern failure of Harrison's Bank. receivable in the hands of Judge receiver of the suspended bank, mated at less than $3000 in value the cash assets amount to April the bank's statements for showed assets of $566,959, and was credited with real estate amount of $71,000. The deposits by the same report were During the run on the bank was paid out, which reduced lia- bilities to about $466,000." At a meeting of the creditors suspended banking firm of Cla- Weeden &. Co., in Providence Thursday, a statement was pre- which showed: Gross liabilities nal, $654,476; gross assets, $596,964; unsecured liabilities, estimated available assets, $128 was estimated that the estate probably realize 47 per cent. The schedules in the insol- signment of C. Miles, Jr., & Co., facturers of straw goods, of New filed yesterday, show liabilities $101,726, the actual assets $42,7

5. July 30, 1884 The Democratic Leader Cheyenne, WY
Article from The Democratic Leader, July 30, 1884

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Indiana Bank Shortage. INDIANAPOLIS, July 29.-The matter of the receivership of the Indiana Banking Company was before Judge Taylor on an order to receiver John C.S. Harrison to appear and make R report of the condition of his trust. Harrison's report is ready, but was not read and further action was postponed"till to-morrow. It is understood the report shows D shortage of about $95,000. Harrison is and has been for several days under police surveillance. Late this afternoon, Calvin F. Rooker swore out is warrant before the Mayor, charging John C. S. Harrison, proprietor of the recently defunct Harrison's Bank with the Leinbezzlement of $95,000. The warrant was served on Harrison by a policeman at his home. Harrison, who was already ill, was still further prostrated by this action and it being deemed inadvisable to remove him in his present state of health, THE officer was placed on guard in his chamber, The Mayor fixed bail at $60,000; which bad not at i delock been furnished.

6. July 30, 1884 Seattle Daily Post-Intelligencer Seattle, WA
Article from Seattle Daily Post-Intelligencer, July 30, 1884

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preferred creditors in assignments of employers, prohibiting child contract labor. providing for 8 commission to examine into the sanitary condition of teaement houses, factories, etc., which are commesded as vital issues to the people of the United States and are hereby declared the principles of labor in the whole country. WHEREAS, The interests of labor are best served when the principles of labor rest upon a solid foundation of secured rights and prosperity and are presented and urged as issues in popular representative bodies having constitutional existences therefore be it Resolved, That it is not the duty of the workingmen to present candidates for President and Vice President, but that it is a sacred duty and obligation to organize for the purpose of securing as members of the State and National legislatures earnest and faithful representatives of labor; therefore be it Resolved, That we make no mominations for the office of President or Vice President, but leave to all our members free choice, and that we do hereby adjourn the meeting of the National Labor Convention until July 30th, 1888, in the city of Chicago. WILSON J. WOLF. Chairman. WM. A. A. CORSEY, Secretary National Committee. The following was subsequently adopted by the committee WHEREAS, The National Labor party, duly organized in Philadelphia in the month of June, 1882, for the purpose of effecting wise and judicious action by political parties in the interest of labor and anti monopolv, and to influence as far as possible the adoption of their and principles, Whereas, Our platform and principles were submitted to the consideration of the national conventions of the respect. ive political parties and duly adopted, and Whereas, Our methods of proceedure and our principles are adopted by existing political conventions. To notify our members of that fact, and in such case leave each member to consult his individual or party preferences, therefore Resolved, That we accept the action and endorsement of our principles by the National Conventions of the Democratic and Republican parties as pro gressive and beneficial to American industry. McCoy Whips Craig. BOSTON, July 29.-A fight with small gloves for $200 took place in a club room in the South End this afternoon between Ned Craig, of Springfield, and Pete McCoy, of Boston. Four rounds were fought, Craig being severely pounded. The fight was awarded to McCoy. John L. Sullivan seconded McCoy. Craig was looked after by Ned McAvoy. school-Girl Conspirators. Sr. PETERSBURG, July 29.-A number of women and girls have been arrested for conspiracy against the government. They are connected with the Marie Institution, a school for girls of good families. The conspirators met in the rooms of the Institute, and have accomplices among the teachers and older pupils of the school. Suspension of an Indiana Bank. BRAZIL. Ind., July 29.-The Commercial Bank has suspended; liabilities about $140,000; assets nominally $170.000. It 18 said that the entire county school fund was in the bank. No Effect. NEW YORK, July 29.-Winslow, Lanier & Co. state that the effect of the Braz:) (Ind.) failure is entirely local. as the bank was a small concern and only kept very light accounts here. The Lizzie Bradley Outrage. ) PITTSBURG, July 9.-Thirty-one Italians arrested on the streets for being concerned in the Lizzie Bradley assault were released this morning, the evidence showing they were not implicated in the affair. Twenty others arrested were held for hearing on Friday. A Suspected Receiver. Indianapolis, July 29.-The matter of the receivership of the Indiana Banking Company was before Judge Taylor on the an order to the Receiver John C.S. Harrison, to appear and make a report to of the condition of his trust. Harrison's report was presented but not read. and further action was postponed nntil tomorrow. It is understood that the report shows ashortage of about $95,000. D Harrison is now and has been for several days under police surveillance. Late this afternoon Calvin Rooker swore out a warrant before the Mayor. charging John C. S. Harrison, proprieter of the recently defunct Harrison's Bank, with the embezziement of $90,000. The warrant was served on Harrison by a policeman at his home. Harrison, who was already ill, was still further prostrated by this action, and it being deemed inadvisable to remove him in his present state of health. an officer was placed on guard in his chamber. The Mayor fixed his bail at $60,000, which had not at 7 e'clock been furnished. Persecuting the Salvation Army. BRIDGEPORT, Conn., July 29.- Five members of the Salvation Army were sent to jail for four days for violation of the city ordinance against parading on Sunday. Boom In the on Market. PITTSBURG, July 29.-The boom inaugurated in oil yesterday continues and prices this morning advanced cents or nearly 9 cents in the last twenty four hours The scene at the Exchange was an animated one. The shorts were frantie to cover, and the bulls were buying and doing everything in their power to force values to a still higher plane. The market opened with sales at 68½ and advanced steadily to 72% At 1 'clock trading was very heavy. Contrary to the expectations of many the sharp advances did not cause any failures. Democratic Ratification. LEXINGTON (Ky.), July 29.-Over 10,000 entbusiastic Democrats attended an old fashioned barbecus. given near this city by the Democrats of Favette County. Theentire crowd partook of burgoo and barbecus meats The crowd was addressed by General Durbin Ward, Don Piatt, Judge Hunt of Ohio, Senators Beck and Blackburn, ex-Governor Blackburn and Hon. Thomas L. Jones of Kentu ky. All the orators predicted a rousing victory in November for the Democracy. There is great enthusiasm in Kentucky over the ticket. Virginia Cyclone. NORFOLK (Va.), July 29.-Yesterday afternoon A cyclene from the southwest visited the neighborhood of Hinkory, Grove County, destroying everything in its path, which was 200 yards wide. Several persons were badly injured. but no lives are reported lost. The largest trees were carried away, houses and barns destroyed and cattle killed.

7. July 30, 1884 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, July 30, 1884

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IN THE HANDS OF THE LAW. John C. S. Harrison Placed Under Arrest, Charged with Embezzlement. His Report as Receiver of the Indiana Banking Company Filed-The Funds Were Sunk in Harrison's Bank. Superior Court room No. 1 was crowded yesterday morning with spectators, the throng being made up chiefly of the creditors of the Indiana Banking Company, and Harrison's Bank, in anticipation of the reception of John C. S. Harrison's report as receiver of the Indiana Banking Company, which was expected to show the condition of that trust. The Harrison depositors had no immediate interest in the document, but they could not suppress their curiosity, and so made up a fair part of the audience. All sorts of rumors were afloat, the wildest being that Mr. Harrison, who had been speculating in Wall street, had made a successful deal in railway stocks, by which he had reaped a profit amounting to $700,000, and that his attorneys would surprise all creditors by a settlement in full. When Judge Taylor took his seat upon the bench Addison C. Harris, one of Mr. Harrison's attorneys, presented the receiver's report, a voluminous document, which the court would not allow to be read. The report underwent examination yesterday, and this morning Judge Taylor, as he announced yesterday morning, will take action upon it. The request of the reporters of the afternoon and morning papers to be allowed to copy such portions of the report as might be of interest to the public was peremp torily refused by the judge. though none of the attorneys in the case were prohibited from talking WHAT THE ATTORNEYS SAY. It is from the attorneys that the information is gathered that Mr. Harrison's report shows that he should have, under date of July 24, 1884, in cash, $81,817.84 and a certificate of deposit of funds derived from the sale of John L. Ketcham's stock in Haugh, Ketcham & Co's iron works, for $20,000, making altogether $101,817.84. Of this amount he says he has on hand (but the money is not produced in court) only $6,206.79, of which $5,000 is deposited in the First National Bank of Shelbyville and the remaining $1,206.79 is on deposit in the First National Bank of this city. The receiver "regrets to say that this sum is all that he has to turn into court as a credit on the $101,817.84 with which he is charged." As to the remainder he says he is unable to produce it. When he received it he deposited it in Harrison's Bank; that it was received by the bank in the usual course of business, and as other deposits, and it has been paid out by the bank, in the usual course of business, with other deposits, that the panic which came on the 15th of July caused the failure of the bank and that the funds are gone. The report shows that the receiver has not now a dollar in his possession, having mortgaged all his property to secure the sureties on his bond, and he describes the mortgages on his residence property, on Alfred Harrison's homestead and on Parker's Block, as heretofore published. Mr. Harrison states that some time ago he drew from the funds of the Indiana Banking Company $3,000 on account of salary as receiver, and that this is every dollar of the amount in his custody which he has applied to his personal use. He neglects to state, however, that he considered the bank wherein he deposited the moneys to be in a solvent condition-a matter of which he should have been advised and which will probably give him much trouble to explain. Mention is made that the incumbrance on the Parker Block is also to secure any indebtedness upon the part of Harrison's Bank, as well as liabili ties on the receiver's bond, and the value of the property mortgaged is estimated at $112,000, i. e., John C. S. Harrison's residence, $45,000; Alfred Harrison's, $22,000, and Parker's Block, $45,000. These valuations are considered too high, and persons familiar with property values place Alfred Harrison's homestead at $17,000, John C. S. Harrison's $30,000, and the Parker Block, $40,000; total, $87,000, or $25,000 below the figures as above. Mr. Harrison's non-appearance in the courtroom was explained by his attorney, A. C. Harris, who presented a certificate from Dr. F. S. Newcomer, that Mr. Harrison was in bed, seriously sick, being threatened with congestion of the brain. CRIMINAL PROCEEDINGS INSTITUTED. For the greater part of the afternoon a number of attorneys some representing Mr. Harrison

8. July 31, 1884 Delaware Gazette and State Journal Wilmington, DE
Article from Delaware Gazette and State Journal, July 31, 1884

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M ore pronounces New London "the wickedest city in America." Health Officer Townshend, in Washington, received a letter last week from the secretary of the Illinois state board of health suggesting that, in view of the reappearance of cholera in Europe, a session of the national sanitary conferonce would be timely and profitable. It proposes that A session of the conference be held in Washington on or about August 5th, and that an invitation beextended to the health officers of large cities. Health Officer Townshend conours in the views expressed in the letter. The programme for the proposed Irish demonstration in institute building, Bos. ton on the 14th proximo, has been completed. Accommodations will be provided for 25,000 persons, and seats will be furnished on the platform to 1,000 invited guests. There will be a grand chorus of 1,500 voices, assisted by consolidated bands, aggregating 100 instruments. The newly-elected president of the national league will preside. There will be some twelve addresses delivered, occupying 10 and 15 minutes each. Messrs. Blaine, Cleveland and Butler have been invited to be present. According to a telegram from Indianapolis there are some astonishing developments being made concerning the failure of Harrison's Bank. The bills receivable in the hands of Judge Lamb, receiver of the suspended bank, are estimated at less than $3,000 in value, while the cash assets amount to $119. In April the bank's statement for taxation showed assets of $566,959 and the firm was credited with real estate to the amount of $71,000. The deposits shown by the same report were $598,729. During the run on the bank $132,000 was paid out, which reduced the liabilities to about $466,000. The grand jury at Baltimore, on Saturday, indicted G. W. Hazeltine for the murder of "Mamie" Thorp in a house of evil repute in that city, on the 19th inst. When Hazeltine killed his viotim he also wounded another woman named White, who, with "Mamie" Thorp, had accom panied him to Baltimore from Cauda. The grand jury also indicted Policeman Frederick Kruse for murder in the second degree for having shot and killed John W. Green, colored, on the night of the 19th inst. Kruse was exonerated by tue board of police and returned to duty, but, after his presentment Saturday, he was arrested by the sheriff. Advices from Lookburg, Sevier county, Ark., say that Monday night week an attempt was made to lynch Henry Carr and Lege Thompson, the remaining prisoners of the Howard county rioters. The would-be lynchers are supposed to have come from Howard county, the soene of the riot. The jailor discovering the intent of the mob, ran to the church, and by violently pulling the bell, called the citizens to his aid. The lynchers then unencoessfully endeavored to shoot the prisoners by firing through the barred window. Thompson and Carr were sentenced to be hanged last month, but were grauted a new trial by the supreme court. A strong guard has been placed at the jail. The first electric railway for public use in America went into operation in Cleveland, Ohio, on Saturday, in connection with the East Cleveland street railroad. The experiment on a mile long road was 80 ful that the company, it is stated, expects to change its entire system, comprising over 20 miles, into electric roads. The system used was a combination of the Brush and Knight and Bentley systems, and the current was carried on underground conductors laid in conduits like those of cable roads. The cars were started and stopped and reversed with the greatest ease. Any number of cars up to 15 can be run at one time on a single circuit and from one machine, which is & result not obtained by any of the European systems now in operation.

9. August 6, 1884 Union County Courier Elk Point, SD
Article from Union County Courier, August 6, 1884

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POLITICAL Gov. CLEVELAND was formally notified of his nomination for President by the Democratic party nt his residence in Albany on the 29th ult. The address of the committee appointed to make the notification was presented by Col. W. F. Vilas, of Wisconsin, and briefly responded to by the nominee, who signified his intention to formally accept the nomination in a short time. AT a meeting of the National Labor Committee, in Chicago on the 29th ult., it was decided to make no nominations for President and Vice President. OVER 10,000 enthusiastic Democrats at tended an old-fashioned Kentucky barbecue, given near Lexington by the Democrats of Fayette County. The entire crowd partook of burgoe and barbecued meats. The crowd was addressed by Gen. Durbin Ward, Don Pratt, and Judge Hunt, of Ohio ; Senators Beck and Blackburn, Ex-Gov. Blackburn, and Hon. Thomas Jones, of Kentucky. THE decrease of the public debt during July was $3,993,280 ; cash in the treasury, $405,901,004 gold certificates, $118,017,820; silver certificates, $120,404,441 ; certificates of deposit, $13,230,000 refunding certificates, $274,350 ; legal tenders, $346,681,016; fractional currency, $697,849. THE Commercial Bank, of Brazil, Ind., has suspended; liabilities about $140,000 assets nominally $170,000. It is said the entire county school fund is in the bank. COLVIN F. ROOKER swore out a warrant, charging John C. S. Harrison, proprietor of the recently defunct Harrison's Bank, at Indianapolis, Ind., with the embezzlement of $95,000. The warrant was served on Harrison at his home. Harrison was already ill, and was further prostrated by this action, and it being inadvisable to move him in his present health, officers are on guard in the chamber. Bail was fixed at $60,000.

10. August 12, 1884 Savannah Morning News Savannah, GA
Article from Savannah Morning News, August 12, 1884

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RUINED BY RISKY LOANS. THE WALL STREET BANK'S CASHIER TOO CARELESS. Depositors Promised Payment in FullThe Uncollectable Debts Estimated at $200,000-Harrison's Assets in Indiana: a MereBagatelle-Baltimore Dealers in Fruit Assign. NEW YORK, Aug. 11.-The Wall Street Bank closed its doors this morning owing to irregularities on the part of its cashier. The bank will remain closed until matters are investigated. The President is Thomas W. Evans and the cashier John P. Dickinson. The bank is situated at No. 15 Broad street, and is a State bank. When its last annual statement was issued, in September, 1883, the figures were: Paid up capital, $500,000; surplus, $165,197; undivided profits,$47,736. Kiernan's financial agency reports the Vice President of the Wall Street Bank as stating that the clearances of the Dank will go through the clearing house to-day. The capital stock of the bank, amounts to $200,000. Depositors will eventually be paid in full. It is likely that 50 per cent. will be paid them by the end of this week. It is stated that the cashier's shortage amounts to $200,000, and that the bank has $50,000 of bad debts. C.F. Timpson and C.J. Osborn, Directors of the bank, Saturday night and Sunday made a thorough examination of its affairs and decided in justice to all partties not to open the institution this morning. The result of their examination was in round figures as follows: Deposits, $1,250,000; call loans, $1,100,000, good business paper, $350,000; cash on hand, $185,000. Cashier J. P. Dickinson has been lending money too freely on insuflicient margins, and it is estimated that the loss therefrom will be somewhere in the neighborhood of $200,000. The bank was a debtor to the clearing house for $28,000 this morning, which has been paid. It is estimated that part of the capital stock will remain after the depositors are paid in full. The directors of the bank held a long session this afternoon at the bank, investigating the books and accounts. President Evans said that the affairs were found to be in a most disordered condition, and that it was doubtful if a report or statement could be made for a few days. All the directors were reticent and refused to say anything in regard to the discoveries they had made. The Executive Committee of the Clearing House met this afternoon and formally declared be the bank's suspension. This will ratified at the meeting of the association Wednesday. The amount of the bank's indebtedness is $28,000, which was paid. Willis S. Paine, Bank Superintendent, has made a report of the condition of the bank, in which he gives the history of the bank, and says that since 1865 it has been regarded as a broken bank. It is now being examined. All that has been disclosed thus far indicates that the failure is due to abstraction by the Cashier of collaterals lodged with the bank as security for its call loans. The wife of John P. Dickinson, the defaulting cashier of the bank, remained tonight at the house of her father, C.F Timpson, at No. 18 Madison avenue. None of the family have seen Dickinson since Friday, and he was then at the Oriental Hotel, Coney Island, where he is now. Mr. Timpson said that he had no idea of his whereabouts. YARD'S SCHEDULE. The assignees of Edmund Yard, Jr., & Co., importers, filed a schedule this morning which shows liabilities of $1,069,135; nominal assets of $386,219, and actual assets of $262,372. A bond is ordered for $100,000. BANK'S STANDING AT WASHINGTON. WASHINGTON. Aug. 11.-The Comptroller of the Currency received a telegram to-day informing him that the Wall Street bank at New York had closed its doors, but that all its clearings were paid and that there was no excitement. It is learned at the Treasury Department that in September, 1883, the Bank Examiner in New York found evidence over certification of checks on the part of the officers of the bank. The evidence was laid betore the Secretary of the Treasury and by him referred to the Attorney General. The result was that the teller of the bank was indicted for a violation of the bank law. Efforts were also being made to indiet other officers of the bank when the bank went into voluntary liquidation and soon after reorganized under the laws of the State of New York. HARRISON'S HEAVY DEBTS. INDIANAPOLIS. Aug. 11. - Receiver Lamb of Harrison's Bank, which lately failed, made a partial report this morning. He finds assets of $138,000, of which $31,000 are available, and that only if there are no offsets. He has not concluded the schedule of liabilities, but says that they will exceed $500,000. Bond WSS furnished to-night in the sum of $60,000 for the appearance of John C. Harrison. FRUITERERS FAIL. BALTIMORE, Aug. 11.-Wm. L. Bird and Franklin Weems, trading as Bird & Weems in foreign fruits, made an assignment this afternoon for the benefit of their creditors. The bond of the trustee is $15,000.

11. August 12, 1884 New-York Tribune New York, NY
Article from New-York Tribune, August 12, 1884

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TROUBLES OF BUSINESS MEN, BOSTON, Aug. 11. The creditors of Altman, Demelman and Fucha wholenale liquor dealers, held it meeting to-day. at which 16 Was stated that the liabilities were about #74,000, and the nominal adidas $81,000. M 11 achwaramaburg, the special partner of the firm, had, It is claimed, withirown his capital of $15,000, through an indorsement received from the firm, and the firm claim that their fathere is due to this action, The treavies creditors are Freiburg and Workm of Cincinnati, -10.000 A committee was appointed to investigate the firm's atta PS. ST. LOUIS, Aug. 11.-The assignes of Wear Boogher & Co., who made an a-8 gament two weeksago, was discharged to-day in the Circuit Court, after being authorized to retain a sufficient amount of the assets to pay the claim of Edmund Yard, Jr., &Co., of New-York. All the creditors consented to the reconveyance of the property to the firm except Yard & Co., who have made an assignment, but who have not y et had an assignee appolated Their claim amounts to $3,900. Wear, Boogher & Co, will in mediately resume business. The assignee of the St. Louis Hot-Press d Nu and Bolt Manufacturing Com pany was also discharged this morning, and ordered to reconvey the assets to the company. The firm will resume business. INDIANAPOLIS, Aug. 11.-Receiver Lame, of Harrison's Bank, which lately falled, filed a partial report this morning. He finds assets of $138,000, of which $31,000 are available, and that only If there are no offsets He has not concluded the schedule of the liabilities, but says they will exceed $500,000.

12. September 4, 1884 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, September 4, 1884

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Notes of the Courts. In the Circuit Court, yesterday, a jury found for the defendant in the slander suit of Catherine Hall against James Murphy. Gilbert L. Burnham was granted a divorce from Agnes M. Burnham on proof of desertion and cruel treatment, and John W. Jones and William H. Martin were admitted to practice. In the suit of the city against Henry English, to dispossess him of the tenantry of Garfield Park, a ruling was made by Judge Howe yesterday that he should be allowed to remain there until Nov. 15. The damage suit of Edwin F. Horn, a colored man, against Robert Foster, who refused to let him eat in his restaurant, was yesterday dismissed by the plaintiff. Receiver Lamb yesterday filed a petition in Judge Walker's court, asking that he be allowed to sell certain personal property belonging tc Harrison's Bank and the partners thereof. An order was issued authorizing him to receive bids for the property and report them to the court. Charles M. Fietcher yesterday instituted proceedings in Judge Howe's court for the recovery of $77,000, alleged to be due from Stoughton A. Fletcher, jr. He claims that S. A. Fletcher, sr., was made trustee of certain property, valued at $57,000, for him, until he should become of age, and, after the death of Mr. Fletcher. his son succeeded him as trustee. - By the conditions of the trust it is alleged that 6 per cent interest on the amount should be paid annually to Timothy R. Fletcher, which has been done, but the plaintiff now claims that the profits of the trust to which he is entitled, as he is now of age, amount to $20,000. and his demand is, therefore, for $77,000. He alleges that $55,000 of this is in bonds and stocks in the Indiana National Bank, and he asks for a restraining order to prevent a disposition of these until a final decision is reached. The order was issued, and made returnable on the 9th inst.

13. September 15, 1884 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, September 15, 1884

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Thomas M. Dickson, who indorsed it over to the Harrisons, and they in turn to the plaintiff in the present suit. Hugh McDonald and John Spellman were arrested, having in their possession a team stolen from W. H. Tush on last Wednesday night. Robert Greenwood, a Massachusetts-avenue shoemaker, who was adjudged insane on Saturday, as the result of epilepsy, burst a blood vessel in his brain, and is about to die. Hon. William Williams, charge d' affaires at Montevideo, South America, is in the city. He expresses the opinion that both Indiana and New York will go Republican in November. The County Commissioners have awarded the contract for the stone work of the new bridge across Big Eagle creek. in Pike township, to John R. Cowie, whose bid was $2,778.06, which was the lowest bid by $34. Receiver Mothershead, of the tile works, has petitioned the court for an order compelling Receiver Lamb, of Harrison's Bank, torefund $30,000 in notes issued by the worksas renewals, but not accepted by the New York banks, for whom they were intended, and who sent them to Mr. Lamb. John C. S. Harrison paid over to the county clerk the sum of $95,448.40, the amount of his indebtedness to the Indiana Banking Company, of which he was receiver, in accordance with the order of Judge Taylor last week. Mr. Harrison also resigned the receivership, and Judge Rand will be appointed his successor to-day. On Saturday Judge Woods, of the federal court, heard the argument in the Blaine libel suit, in support of the claim of the Sentinel Company that the plaintiff should be required to answer the interrogatories submitted a few days ago. Judge Woods denied the motion for the rule, but Senator Harrison said that his client, Mr. Blaine, would voluntarily answer the interrogatories without unnecessary delay.

14. March 20, 1885 The Indianapolis Sentinel Indianapolis, IN
Article from The Indianapolis Sentinel, March 20, 1885

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# COURT-HOUSE LOCALS. John Eusey Sues for Divorce From Mary E. Eusey-Mary Duffey's Claim Against the Receiver of Harrison's Bank -Notes. John Hewett was given thirty days in jail for petit larceny by Judge Norton yesterday. The damage suit of Robert L. Worrell vs. The I. and St. L. Road, was yesterday dismissed in Room 2. Fred Boettcher has filed suit against Hugh Goudy, to replevy a horse and wagon valued at $400. Demand is made for $100 for unlawful detention. New trial has been refused by Judge Hanra in the suit of Nettie Young vs. The Continental Life Insurance Company, and judgment given the plaintiff for $1 072. Louisa Girton has been given judgment against Charles Girton for $148, a new trial having been refused by Judge Howe. Tais was the suit to recover the value of a hack. Fannie Lee was put on trial yesterday in the Criminal Court for petit larceny. She is the colored woman charged with the theft of tubs from a party on Massachusetts avenue. The trial of May M. Eaton vs. the C., H. and I. Road, for $1,000 damages, was put on trial before a jury in Room 1 yesterday. Plaintiff sues to recover damages for being put off a train some two or three years ago. The case has been on the docket for a long time. The Auditor desires to call the attention of all persons having deeds to real estate to the necessity of having their deeds recorded on or before the last day of March, to have the property appear in their names for the ensuing year. The transfer book will close March 31. Mary S. Denker asks for a divorce from Christian Denker. They were married in August, 1883. She charges defendant with cruelly treating her, threatening to cut her throat and kill her. On the 3d of January last he assaulted her with a hammer aud she was compelled to go to her mother's home for protection. Defendant is a non-resident and was last heard from in Cincinnati. The suit of James H. Pritchard vs. Laura Sprague is on trial before a jury in Room 2. Plaintiff is suing for $400 attorney's fees, for services rendered. He alleges that he acted as attorney in some transactions involving the collection of assigned accounts, judgments, etc., and the title to real estate sold by the Sheriff. This was continued for four years, and the services have never been paid for. In the suit of the State ex rel. vs. the Board of Commissioners of Washington County the Supreme Court yesterday ruled that where the State becomes suitor it is as much bound by the laws of the land, by the rules of pleading and by decisions and judgments of courts, inferior or superior, as any other suitor. In this case the result is that the Attorney General must pay the costs, of course, having recourse against the State for reimbursement. John Eusey yesterday filed suit for divorce from Mary Elizabeth Eusey. They were married in November, 1878. John charges that his wife has neglected her household duties, and has gone away from home, leaving her children alone. The children are so small that they need special care, and on one occasion when she so left them they set fire to the house and came near burning it down. He also charged her with adultery with Louis Schaffner, who was arrested at plaintiff's instance last Saturday night on a charge of trespass. Plaintiff asks for the custody of the children. He is an engineer by trade, and lives at 45 Brookside avenue. The intervening petition of Julia Duffey, in the Harrison's Bank receivership, was heard yesterday by Judge Walker and taken under advisement. Plaintiff's petition showed that she had loaned $4,000 to the Harrisons, to be invested for her in real estate. This was done, and several arrangements were made in after years resulting in transfers of the property because of unproductiveness. A final arrangement was made, and pending the investment of the money the bank went into the hands of a receiver. Plaintiff seeks to recover her money with interest, claiming it was not a part of the bank's funds. She is a soldier's widow, drawing a pension, and is living somewhere in one of the Western States. Thomas W. Bullitt, of Louisville, Ky., has begun suit in the Federal Court for the Southwestern Contract and Construction Company against the city of New Albany for an injunction against the municipal officers of the city to keep them from interfering with the delivery of bonds amounting to $250,000 to the plaintiff, to whom they had been assigned by the company, which is building the bridge across the Ohio between Louisville and New Albany. The latter city guaranteed the payment of the bonde in 1881, and they were placed in the hands of John A. Butler and W. C. DePauw, who were to turn them over as the work progressed. A few weeks ago the Common Council, by resolution, directed the trustees not to turn over the bonds, thus indicating that payment will be contested on the grounds of alleged irregularity in making the guarantee, and the present proceedings are to prevent any interterence of this kind. Speaker Jewett represents the city of New Albany, and will probably demur to the complaint, alleging want of jurisdiction. Local Courts, SUPERIOR COURT.

15. March 21, 1885 The Indianapolis Sentinel Indianapolis, IN
Article from The Indianapolis Sentinel, March 21, 1885

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COURT-HOUSE LOCALS. Final Report of the Sherman House Receivership - - The Parker Block to be Sold. Judge Howe yesterday dismissed twentysix cases for want of proscution. The replevin suit of John Steep VS. Moses Rosenthal and others is on trial before Judge Taylor. The will of Michael Criqui, deceased, was probated yesterday. The property goes to the legal heirs. Louis Hahn yesterday took a foreclosure judgment against Isaac P. Adams and others for $6 394.50. Ira Hunter is on trial in the Criminal Court for robbing. He is accused of holding up an old man some time since. Charles Hardin was sentenced on a plea of guilty to a year north for petit larceny yesterday by Judge Norton. Fannie Lee was acquitted. These partics were indicted for stealing wash-tubs on Massachusetts avenue. Fannie was found to have been an innocent purchaser and Charles was the purloiner. Fannie is a colored woman. Martin Hugg, Receiver of the Sherman House property. who was appointed in December, 1883, in the suit of the Dundee Mortgage and Trust Investment Company, limited, VS. Louisa C. McCarty and others, yesterday filed his final report of the Receivership in Room No. 3. It shows that the year of redemption has passed and no redemption made of the property. The Receiver was ordered to pay the moneys in his hands, $2,010.16, over to William McKenzie, who will act for the plaintiffs. Judge Walker yesterday entered the decree for the sale of the Parker Block property. The decree finds that Harrison's Bank was in debt to Mayer and others for $55,415.46, and that as sureties they were compelled to pay for Harrison $65,000. The decree also provides for a certified copy to ba furnished Receiver Lamb within ten days from the rendition thereof, and that he proceed to advertise the property in question for sale, the costs of the petition to be first paid, next the claims of Mayer and others under their mortgage, and after that the balance is to be applied as the court may direct. William Haehi has brought habeas corpus proceedings against his wife Agnes to recover possession of their two infant children. He sets out the fact that she left his home on the 9th of this month, and filed suit for divorce from him: that no good cause exists for the divorce; that he is able and willing to support them, having good trade, and being of a quiet, sober and industrious disposition; that she left his home without cause and against his wish; that she has no means to support herself and children, and that the moral surroundings are not such as the children should have, they being now with their mother at 477 South Meridian street.

16. March 31, 1885 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, March 31, 1885

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# Nothing for Depositors. Receiver Lamb, of Harrison's Bank, says there is little possibility of saving much from the wreck, as it will require $25,000 for a 5 per cent. dividend, and the property is heavily mortgaged. The tile works are mortgaged for $80,000 to the Portsmouth Savings Bank; the Parker Block, valued at $30,000, a Washington-street business room, valued at $7,000; a house at the corner of Illinois and New York streets $4,000; and the Stolty farm, valued at $6,000, are also covered by the mortgage, and there has been only $8,000 paid on it, and there is a suit for $77,000 pending in the federal court. The Parker Block is also covered by a second mortgage, and this property, with the tile works, will be sold May 20. It looks like the receiver will get nothing.

17. March 31, 1885 The Indianapolis Sentinel Indianapolis, IN
Article from The Indianapolis Sentinel, March 31, 1885

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Harrison's Bank. Receiver Lamb of Harrison's Bank makes the statement that it will require $25,000 for a 5 per cent. dividend. All of the available property belonging to the bank was mort gaged and very little will be collected from the wreck. The only payment under the mortgage was $8,000. and in the Federal Court a suit is now pending for principal and interest amounting to $77,000. The Tile Works was covered by the Portsmonth Savings Bank's mortgage of $80,000; the Parker block, valued at $30,000; Washington street business room, appraised at $7,000; residence, corner of New York and Illinois street, $4,000; Stolty farm at $6,000. The Parker block, which is covered by a second mortgage, will be sold shortly. The sale of the Tile Works will take place May 20.

18. May 8, 1885 The Indianapolis Sentinel Indianapolis, IN
Article from The Indianapolis Sentinel, May 8, 1885

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COURT-HOUSE LOCALS. Building Permits-New Suits FiledCourt Notes-Receivership Matters. W. B. Burford yesterday agreed to furnish the lithograph bonds for the $400,000 loan for eighty cents each. There are to be 200 bonds with thirty coupons and 200 with forty coupons. as The County Board yesterday allowed bills aggregating $1,660. This includes the bill of James Malev for $733 township orders. The jail bill for $1 630 was also allowed. Tae board refused to allow Noble Judd $17.23 for an illegal tax sale. A. A. Young has taken out a $1,500 permit for the erection of & frame cottage on Hall Place between Seventh and Eighth streets. W. H. Morrison will make $1.500 repairs on the house at the cornor of Vermont and Pennsylvania streets. The slander suit ot Catharine Hall vs. James Murphy, for $2 000, is on trial in the Circuit Court before a jury. Plaintiff alleges that defendant made remarks impugning her virtue. The defense pleads justification. This is the second trial of the case. Chester Bradford has filed suit against the Supreme Sitting of the Order of the Iron Hall to collect an account. The complaint charges that in March, 1883, the plaintiff was elected Supreme Adjuster of the defendant for a two-years' term. The lodge voted plaintiff $200 for services, of which amount $140 has been paid. Demand, $75, William Wallace, receiver of Fletcher & Sharpe's bank. yesterday filed a petition with a plat, and asked for an order to plat twentyone acres lying on Clifford avenue and sell the same at private sale. The ground was appraised at $12 500. The court granted the petition, and the plat 18 to be klown as the Clifford Place addition to the city. Judge Lamb yesterday asked for an order to sell at private sale 148 pieces of real estate, consisting principally of city lota oelonging to Harrison's Bank. These lots are not COVered by the Portsmouth Savings Bank mort. gage, and it is thought the disposition of the real estate at private sale will be for the interests of the creditors. Judge Walker granted the petition. Joseph Morton has filed suit against Emma Morton for divorce. They were married in October, 1875, at Fort Scott, Kas. Before the year ended, according to the complaint, Emma abandoned her husband. Also, before the end of the year there was born to them a child, which plaintiff has taken care of. It is charged that defendant has since been living in adultery with Fort Scott parties. The plaintiff is a salssman for A. Burdsall, and defendant is a non-resident. Prayer is made for the custody of the child. Joseph and Maggie Harney have filed complaint for & supplemental order against Henry and Margaret Maar and others. The complaint alleges the taking of a judgment for $600 against Maar and wife, the issuance of execution and return thereof not satisfied. The plaintiffs they believe the defendants, Maar and wife, have certain property in the hands of their co-defendants, part of which, at least, is in the shape of building and loan association stock. Prayer is made for an answer under oath in court as to the property, and why it shall not be applied to the payment of the judgment, etc. The Novelty Manufacturing Company yesterday filed a complaint for injunction and $5,000 against Littleton W. T. Lodge. The facts as alleged are that Lodge invented a patent cuff holder and by agreement was to assign to the plaintiff, the company agreeing to make him President and to pay all costs of securing the patent. It was learned yesterday, according to the com. plaint, that Lodge was selling or ar. ranging to sell and transfer the patent to other parties, who are unknown to the firm. The case went to the Circuit Court, and Judge Avres issued a restraining order to hold good till the 19th of this month, when the matter is to come up for a final hearing.

19. November 3, 1885 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, November 3, 1885

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MUNICIPAL LEGISLATION The Proceedings of the Common Counc at Last Night's Session. Treasurer Pattison Asks the City to Acce] His Collateral Security for the Money Lost in the Suspended Banks. The City Council met last night. The cor mittee on contracts recommended that August Bruner, as the lowest and best bidder, be a lowed the contract for the market-house an city hall sewer connections, which was adopte The city treasurer reported balances on han Nov. 1, as follows: In the general fund, $20 117.95; Tomlinson estate, $18,821.83; addition city hall fund, $63,878.92; sinking fund, $46 457.87; sewer fund, $27,687.61. The city clerk reported orders drawn on tl treasurer for October amounting to $59,097.54. The Mayor presented the following resolutio Resolved, That the Board of Commissioners Marion county be, and they are hereby, requested receive and admit into the Marion county wor house the prisoners from the mayor's court con mitted under the penal inances of the city of I dianapolis, and that upon the granting of said 1 quest by said Commissioners, said prisoners so con mitted shall be confined and kept in said work-hous Provided, That the city shall be at no expense f the maintenance of said prisoners. and the coun shall pay nothing for the work and labor of said pr oners. The resolution was adopted, Councilman Co alone voting in the negative. The city clerk reported the official bond Caleb S. Denny, mayor-elect, who has otherwi qualified by filing with the clerk his certificate election and oath of office. The bond bears penalty of $3,000, with James P. Baker, Mos G. McLain and David V. Burns as sureties. The usual monthly appropriation ordinan was passed. The ordinance included provisie for the payment of the expenses attending tl city election, which amount, in the aggregate, $2,000. An ordinance was introduced by Mr. Thalm investing the Electric Lighting. Gas, Heating a Illuminating Company, or assigns, with t privilege of erecting and maintaining towers ai masts necessary for the purpose of supplying the city with electric lights and power. FROM THE CITY TREASURER. To the Honorable Mayor, Board of Aldermen a Common Council of the City of Indianapolis: Gentlemen-Up the 14th day of July, 1884, Flete er & Sharpe's Bank, of Indianapolis, closed its door suspended payment. and went into the hands of a , ceiver. And afterwards, upon the 16th day of t same month, Harrisons' Bank, of said city, al closed its doors, suspended payment, and went in the hands of a receiver. At the time of the suspe sion of said banks. I had on deposit. to my credit treasurer of the city of Indianapolis. in Fletcher Sharpe's Bank, the sum of $1,825.51, and in Har sons' Bank the sum of $41,360.78. I respectful ask to submit to your consideration the following facts in relation to said deposits: There was no pr vision of the statutes of Indiana nor ordinance of t. City Council and Board of Aldermen directing whe the funds of the city should be deposited, and no pr vision had been made by the city for their safe-kee ing in the office of the treasurer. It has always been the habit of my predecessors office to deposit the funds in their hands in the diffe ent banks in the city, and when I went into the office received from my predecessor the funds of the cit then deposited in different banks in this city. T fact that the different city treasurers, including m self. have kept the funds on deposit in the differe banks of the city for years was well known to t. Common Council and officials and the public genera ly. I have had in my hands large sums, varying times from $50,000 to $450,000. In the ausence some place designated by you for me to deposit t funds I was compelled to exercise my jodgment their safe-keeping. I could not, with safety, ke them in my office or at my home. and it was therefo necessary that I should select some of the banks us or recognized by the citizens of Indianapolis as sa places of deposit. In order that I might exercise di and reasonable diligence in the safe-keeping of t funds in my hands, I did not select one bank alon but have distributed them around in the following d ferent banks of this city: The First National Ban the Indianapolis National Bank, Fletcher's Ban the Indiana National Bank, the Meridian Nation Bank, Ritzinger's Bank. the Merchants' Nation Bank, Fletcher & Sharpe's Bank, and Harrison Bank. In selecting Fletcher & Sharpe's Bank and Har sons Bank I took into consideration at the time th they were recognized by the public as safe and solve institutions, and that they had done business so loi and that their credit was not disputed. At the tir of the failure of Fletcher & Sharpe they had mo than four thousand depositors. and a deposit of mo than $1,800.000. As to Harrisons' Bank th had among their depositors the Vandalia Railro Company, Charles Mayer & Co., Mr. Haueisen. Geor W. Stout, William Haerle, John T. Pressly a others, having a total deposited at the time of the failure UI about $600,000. In order to secure the deposit in Harrisons' Bank received from A. and J. C. S. Harrison $51,00 capital stock of the United States Encaustic T Company of Indianapolis. This was theonly securi of any kind that I was able to get for the deposit said bank. I considered that it was not my fault th the

20. July 19, 1891 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, July 19, 1891

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UNCONSCIOUS AND DYING. Alfred Harrison Still Alive at Midnight, but Very Near Death's Door. Alfred Harrison survived through Friday night, and yesterday appeared somewhat better. It was, however, only the brightening of the spark of life before it goes out altogether, for at 7 o'clock last night he became unconscious, and, though living at midnight, his physician, Dr. Comingor, thought death a question of only a few hours. Mr. Harrison was born near Sparta, Tenn. in January. 1802. and came to this city in 1821. He first engaged in business with William Connor, who died recently. In 1855 he went into partnership with John C. S. Harrison in the banking business, establishing the well-remembered Harrison's Bank. It was opened that year in an upstairs room in the old Johnson Block, with a capital stock of $50,000. A year later the building now occupied by the United States Express Company, on Washington street, was erected for them, and a few years afterward the capital stock was increased to $100,000. Alfred Harrison was at the head of this bank from its establishment, in 1855, until its suspension, July 18, 1884, seven yearsago yesterday. Since that time he has not engaged actively in business.