5875. J. F. Wild & Co. (Indianapolis, IN)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 17, 1927
Location: Indianapolis, Indiana (39.768, -86.158)

Metadata

Model: gpt-5-mini
Short Digest: 58238087

Response Measures

None

Description

Articles document appointment of receivers and continued receivership for J. F. Wild & Co., a State bank, in October 1927 and subsequent liquidation/dividend activity through 1932. No article describes a depositor run prior to suspension; the bank was closed and placed in receivership by court order (bank commissioner petition). Classified as suspension leading to permanent closure/receivership.

Events (2)

1. October 17, 1927 Suspension

Cause: Government Action
Cause Details: Probate court order on relation of the state bank commissioner led to appointment of receivers and suspension/closure of the state bank.
Newspaper Excerpt: by virtue of an order of the Probate Court of Marion County, Indiana, made and entered in the above entitled cause of action, on the 17th day of October, 1927
Source: newspapers

2. October 20, 1927 Receivership

Newspaper Excerpt: The undersigned, receivers of the J. F. Wild & Co., a State bank, hereby give notice ... EUGENE H. IGLEHART. RICHARD L. LOWTHER, Receivers of The J. F. Wild & Co. Oct. 20, 27, 1927.
Source: newspapers

Newspaper Articles (9)

1. October 20, 1927 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, October 20, 1927

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MARCUS S. SONNTAG. President. FRANK H. HENLEY. Secretary. NOTICE TO CREDITORS OF THE J. F. WILD & CO., TO FILE CLAIMS WITH RECEIVERS. State of Indiana, County of Marion,ss: In the Probate Court of Marion County. Ind. State of Indiana on the relation of Luther F. Symons, bank commissioner of the State of Indiana, vs. the J. F. Wild & Co., 9. State bank. No. 2180. The undersigned, receivers of the J. F. Wild & Co., a State bank, hereby give notice that by virtue of an order of the Probate Court of Marion County, Indiana, made and entered in the above entitled cause of action, on the 17th day of October, 1927, all creditors of the J. F. Wild & Co., a State bank, are hereby notified to file their respective claims with the undersigned receivers, at their offices, in the J. F. Wild Bldg., number 123 to 129 E. Market St., in the city of Indianapolis, Indiana, on or before Saturday, the 19th day of November, 1927. Notice is hereby further given that pursuant to the terms of said order any and all creditors of said, The J. F. Wild & Co., except depositors of funds in said bank, who shall fail to file their respective claims with these receivers, on or before said 19th day of November, 1927, the same shall be thereafter barred. and they shall not thereafter be permitted to file claims with the undersigned receivers, or to participate in the distribution of the assets of said, The J. F. Wild & Co., a State bank. Notice is hereby further given that from and after said 19th day of November, 1927, all depositors of funds in said bank, who shall not have theretofore filed their respective claims with said receivers, shall be thereafter barred from filing their claims with said receivers for any amounts over and above the respective amounts shown to be owing to them by the books and accounts of said receivers, or as allowed by said receivers. EUGENE H. IGLEHART. RICHARD L. LOWTHER, Receivers of The J. F. Wild & Co. NORMAN E. PATRICK, FRANK B. ROSS, Attorneys for Receivers. Oct. 20, 27, 1927.

2. October 27, 1927 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, October 27, 1927

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INDIANA WORLD WAR MEMORIAL NOTICE TO BIDDERS Sealed proposals will be received by the Trustees of the Indiana World War Memorial at their office. 102 War Memorial Building. Southeast Corner St. Clair and Meridian Streets. Indianapolis, Indiana, until 10 A. M., December 20. 1927. for the sale and removal of the buildings in Square 5 in the City of Indianapolis, Marion County. Indiana, said square being bounded by Meridian, North. Pensylvania and Michigan Streets. the removal of the buildings to begin within five days after January 1. 1928. After removing or wrecking buildings. the side walls of all cellars and footings to same. basement floors. columns therein and footings to same are to be removed, leaving clean basement excavations. All cement and concrete floors and sidewalks are to be removed. The stone removed from basement walls is to be left on the site at street level and all other debris removed. This applies to every building and basement on the above mentioned square. Proposals are to be accompanied by a check for One Thousand ($1,000.00) Dollars to insure the signing of the contract and the furnishing of the bond. A Surety Company bond for Fifteen Thousand ($15,000.00) Dollars will be furnished for the faithful performance of the contract. Each proposal shall be properly signed with the full name of the persons. fir or corporation submitting the same. The Trustees reserve the right to reject any and all proposals. TRUSTEES OF THE INDIANA WORLD WAR MEMORIAL MARCUS S. SONNTAG. President. FRANK H. HENLEY. Secretary. NOTICE TO CREDITORS OF THE J. F. WILD & CO., TO FILE CLAIMS WITH RECEIVERS. State of Indiana, County of Marion,ss: In the Probate Court of Marion County. Ind. State of Indiana on the relation of Luther F. Symons, bank commissioner of the State of Indiana, vs. the J. F. Wild & Co., a State bank. No. 2180. The undersigned, receivers of the J. F. Wild & Co., a State bank, hereby give notice that by virtue of an order of the Probate Court of Marion County. Indiana. made and entered in the above entitled cause of action. on the 17th day of October, 1927, all creditors of the J. F. Wild & Co., a State bank, are hereby notified to file their respective claims with the undersigned receivers, at their offices, in the J. F. Wild Bldg., number 123 to 129 E. Market St.. in the city of Indianapolis, Indiana, on or before Saturday, the 19th day of November, 1927. Notice is hereby further given that pursuant to the terms of said order any and all creditors of said. The J. F. Wild & Co., except depositors of funds in said bank. who shall fail to file their respective claims with these receivers. on or before said 19th day of November, 1927, the same shall be thereafter barred. and they shall not thereafter be permitted to file claims with the undersigned receivers, or to participate in the distribution of the assets of said, The J. F. Wild & Co., a State bank. Notice is hereby further given that from and after said 19th day of November, 1927. all depositors of funds in said bank. who shall not have theretofore filed their respective claims with said receivers, shall be thereafter barred from filing their claims with said receivers for any amounts over and above the respective amounts shown to be owing to them by the books and accounts of said receivers, or as allowed by said receivers. EUGENE H. IGLEHART, RICHARD L. LOWTHER, Receivers of The J. F. Wild & Co. NORMAN E. PATRICK, FRANK B. ROSS, Attorneys for Receivers. Oct. 20. 27. 1927.

3. November 30, 1927 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, November 30, 1927

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WILD ORDER CONTINUED By agreement of attorneys, the restraining order against receivers of the J. F. Wild & Co. State Bank, preventing them from selling $100,000 worth of "accommodation notes" as assets, was continued Tuesday by Superior Judge Linn D. Hay. The temporary order will stand pending a hearing on a permanent injunction.

4. January 12, 1928 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, January 12, 1928

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# FILE WILD BANK SUITS Three Actions Started to Collect on Overdue Notes. Three additional suits to collect overdue notes on the defunct J. F. Wild & Co. State bank were filed in county courts Wednesday afternoon by Eugene H. Iglehart and Richard Lowther, receivers. Total of $653.75 on notes is asked. The receivers filed sixteen suits Monday against noteholders, seeking more than $10,000.

5. July 19, 1928 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, July 19, 1928

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# DELAY WILD CHECKS Second Dividend Held Up by Traction Suit. Second dividend checks of depositors of the defunct J. F. Wild & Co. State bank, which were to have gone out this week, are being delayed pending settlement of a case before the public service commission, Receiver Richard L. Lowther said today. Yowther said the checks for 17½ per cent are prepared and probably will be place din the mail in about a week. Probate Judge Mahlon E. Bash's order was for them to be dated July 16, but the State case caused the delay. The depositors were paid 40 per cent several months ago. The case is that of the Indianapolis & Cincinnati Traction Company, whose reorganization plans now before the commission involve the Wild bank money with which the dividend is to be paid. The matter will be straightened out by the latter part of next week, Lowther said.

6. November 16, 1928 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, November 16, 1928

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# CARRY AFFAIRS # OF WILD BANK # TO FOUR COURTS Failure of Institution Year Ago Results in Much Litigation. Legal action resulting from the failure of the J. F. Wild & Co. state bank more than a year ago has been carried to four Marion county courts. This case has entered more county courts in various ways than any other matter that has come before authorities in recent years. The first litigation brought to a court's attention was the petition for a receiver filed before Probate Judge Mahlon E. Bash. Eugene H. Iglehart and Richard L. Lowther were appointed receivers and took steps toward sale of all the company's assets, including Florida holdings, which were considered extremely valuable during the boom period. Iglehart since has withdrawn as co-receiver and Lowther now is preparing to pay depositors a 5 per cent dividend in December that will bring the amounts paid to various individuals who had interest in the bank to 62½ per cent. Lowther is sure that before the receivership matter is closed 80 per cent will be returned. # Indictments Are Pending Indictments now are pending in criminal court against John F. Wild. president; Otto Fisher, cashier and John Craig Fisher and William P. McNairy, officers of the bank, for bank embezzlement. These indictments were filed April 20 and please in abatement and motions to quash have been filed since then by defense attorneys. Collins sustained the state's demurrer to the abatement pleas and now has the quash motions under advisement. In superior court two, Judge Linn D. Hay plans to hear arguments late this month on three suits filed there to prevent $100,000 worth of accommodation paper from being sold as assets of the bank in the receivership clean-up. The late Robert I Todd, president of the Indianapolis Street Railway Company, Frank M. Millikan. local capitalist, and John J. 9ppel, real estate broker, signed notes. which were renewed, to the bank on request of the bank's officials. # Notes for Accommodation The men contended that the notes merely were for "accommodation of the bank" and since no consideration was involved in the transaction and no interest paid on the notes, they have no salable value. The most recent litigation involving the bank is the filing of a suit in superior court three by Lowther against the Standard Accident Insurance Company of Michigan, seeking $30,000 on an insurance policy taken by the bank, when solvent, to protect the institution against losses by theft, larceny or destruction. The bank collected $50,000 on the policy following the "disappearance or theft" of $271,500 of Liberty bonds in November, 1926.

7. June 20, 1929 The Tribune Seymour, IN

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WILD PETITION Would Collect $10,000 Claim Against Receiver For J. F. Wild Company. TESTIMONY COMPLETED Indianapolis, June 20-Oral arguments on a petition of Charles Schlegel, 625 East Twenty-ninth street, to collect a $10,000 claim against the receiver for the J. F. Wild & Co., State bank, will be heard before Judge Mahlon Bash of Probate court, Monday. Testimony in the case was completed Wednesday. Schlegel and other claimants are attempting to collect $33,000 from Richard L. Lowther, bank receiver, as a refund on second mortgage securities of the Inglerose Investment Company purchased from the bank. Lowther is named defendant in the action. Several purehasers of the bonds, who also have claims against the receiver, were on the witness stand yesterday. They included Schlegel, Miss Amenda Hamilton of Greencastle, Charles Hoover of Middleborough, Charles H. Stanley, cashier of the Farmers State bank of Lainsville, representing the bank: William Kiser of Carthage, John Woody of Darlington, and the president of the Union Trust Company of Hagerstown. They told the court that the securities were represented to them as "absolutely good" by J. F. Wild and other officers of the bank. Eugene Iglehart, former core ceiver of the bank and official in the Inglerose company, testified that the only property owned by the concern was a building at Kansas City, Mo., against which mortgages totaling $400,000 had been issued. Lowther. on the witness stand, said he held $4,000 worth of securities appraised at 50 cents on the dollar. Frederick Schortemeier, former secretary of state and attorney for Schlegel, in his opening state. ment, declared that the securities had not been registered with the Indiana securities commission as required by law. Norman E. Patrick. attorney for Lowther, contended that the claimants were not creditors of the Wild bank. The attorney declared the receiver was not obligated to pay the claims because they were not filed until several months after a receiver had been appointed. Obituary Harriet Robbins, daughter of Christian and Juha Ann Miller, was born in Jennings county. Ind., January 22, 1850 and pass ed over to the great beyonn May 24, 1929 at the age of 79 years, 4 months and 1 day. Of her twelve brothers and sisters only one survives, Mr. Solomon Miller of Jennings county, Ind At the age of 27 years she was united in marriage to Thomas J. Vanmeter, and to this union were born six children. Two died in infancy and the four remaining are as follows: Mrs. Minnie Risinger, Brooklyn, Ind. Mrs. Charity Stigdon. Seymour Ind.: Mr. Walter V. O. Vanmeter. Orange county, Ind.: Mr. Martin J. Vanmeter. Jeffersonville, Ind She also leaves a foster son, Mr John F. Emly. of Indianapolis, Ind., whom she mothered from the age of two years and who brought JOY, comfort and sun shine in her remaining vears. In her early life she became a member of the Holiness church at Oak Grove, Ind. She was left a widow on May 5. 1911. In 1916 she was united in marriage to Mr. Harrison Robbins, of Queensville, Ind. Here she spent most of her remaining years, going to Indianapolis on Nov 12, 1928. After spending the winter in Indianapolis, she made a short visit with her daughter at Seymour, Ind. and from there she went to her son's home in Orange county. Ind., where she spent the remainmg sdays of her life. She became ill while in Indianapolis and the remaining of her days were spent in suffering which she bore patiently.

8. September 24, 1930 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, September 24, 1930

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# 10 PER CENT FOR WILD # BANK DEPOSITORS SOON Receiver's Report Lists Forthcoming Dividend With $72,910 Ready for Distribution. Depositors in the defunct J. F. depositors, the additional dividend Wild & Co. state bank will receive will bring the total receiver's pay- an additional 10 per cent dividend ments to 72½ cents on each dollar on deposits soon, Richard L. Low- held at the time the bank's doors ther, receiver, said today with filing were closed in 1927. of a receiver's report before Probate Judge Mahlon E. Bash. In a 129-page report covering the receiver's activities since Aug. 8, 1929, Lowther disclosed that $72,910 is held for distribution. Lowther said large amounts of the bank's assets "either are entirely worthless or of far less value than was carried on the bank's books." Total "bad" assets of the in- stitution when it closed were $857,253, with insolvency estimated at With 62½ per cent already paid

9. October 17, 1932 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, October 17, 1932

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# BANK RECEIVER # CUTS OWN FEE Fourth Dividend May Be Paid Wild Depositors. Reduction of 12 per cent in cost of managing recievership of the defunct J. F. Wild & Co. State bank, closed in 1927, and a 50 per cent fee cut for Richard L. Lowther, receiver, are outstanding points in the receiver's annual report filed today with Probate Judge Smiley N. Chambers. Asserting a fourth dividend is in prospect for the 15,000 depositors, Lowther reported that the receiver now has on hand $3,573 in cash and $563,133 in unliquidated assets, exclusive of $1,800,000 in notes and mortgages on Florida property. Cost of management of the Florida properties has been cut 50 per cent in the last year, Lowther said. Formerly paid $10,000 a year, Lowther now receives $5,000 a year. The receiver revealed that payment of the fourth dividend now depends on payment by Frank Millikan of a $50,000 "accommation" note placed with the bank's directors pryor to the closing. Payments totaling 62½ per cent of deposits already has been paid depositors, Lowther reported.