5899. Meridian National Bank (Indianapolis, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
1878
Charter Number
1878
Start Date
August 17, 1892
Location
Indianapolis, Indiana (39.768, -86.158)

Metadata

Model
gpt-5-mini
Short Digest
562e5a1c

Response Measures

None

Description

In August 1892 a court order (Judge Taylor) directed the Meridian National Bank to stop honoring drafts of the Iron Hall pending a receivership hearing; articles report protests of drafts and that a receiver would be appointed. No contemporaneous article describes a depositor run. Later (1902) a receiver is still handling claims, indicating the bank entered receivership/closure rather than reopening.

Events (3)

1. August 17, 1892 Suspension
Cause
Government Action
Cause Details
Court order by Judge Taylor directed the bank to stop honoring drafts of the Iron Hall pending a receivership hearing; drafts went to protest through the clearing house.
Newspaper Excerpt
Judge Taylor issued an order to the Meridian National bank ... that no more checks or drafts on the order be honored pending the hearing of the case in court.
Source
newspapers
2. August 19, 1892 Receivership
Newspaper Excerpt
The action by the bank is taken as a certain indication that a receiver will be appointed; in fact, the court has already taken the first steps. ... The order of Judge Taylor did not become public until late this afternoon ... The supreme officers ... were surprised that such an order should be issued. The receiver will be appointed when the case comes up again Friday morning . . . . (Aug 18-19, 1892 reporting).
Source
newspapers
3. November 25, 1902 Receivership
Newspaper Excerpt
John G. Williams, attorney for the receiver of the Meridian National Bank, Saturday made a proposition to the Board of County Commissioners to settle the county's claim ... The offer of a compromise came as a surprise. (1902-11-25).
Source
newspapers

Newspaper Articles (5)

Article from St. Paul Daily Globe, August 18, 1892

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CHECKS PROTESTED. Iron Hall Paper Estopped of Payment by Judge Taylor at Indianapolis, Many Checks of the Order Alleged to Have Been Put Out for Large Sums. INDIANAPOLIS, Aug. 17.-Drafts of the order of Iron Hall on Mr. Davis, the supreme accountant, which have been heretofore honored by the Meridian National bank through the clearing house, went to protest today. This forenoon Judge Taylor issued an order to the Meridian National bank, with which the Iron Hall has been depositing, that no more checks or drafts on the order be honored pending the hearing of the case in court. During the day a good many drafts were presented to the bank, and when the clearing house received them they were protested. The banks of the city were surprised when they learned that the drafts of the order were going to protest. It was learned that there are a great many checks of the order out, some of them for considerable sums. The checks are mostly from other cities. The understanding among the few who knew of the action is that the purpose was to prevent the wasting of any money the order may have on hand pending the decision in the receivership case. It is said the court was informed that since the sitting convened here large sums of the order's money have been paid out. The action by the bank is taken as a certain indication that a receiver will be appointed; in fact, the court has already taken the first steps.


Article from The Times, August 19, 1892

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Article Text

THE TIMES-RICHMOND, VA., FRIDAY, AUGUST 19, 1892. THE IRON HALL. living chester at that time was a port of consideraand DEMOCRATS DISGUSTED ble commercial importance and & great many and Scotch merchants lived and did business here. Sult Instituted Against the Organizationthey I will mention the names of a few, many of Its Condition. gray, whom are household WO ds with us and whose THE ACTION OF THE ALLIANCE, Suit was instituted in the circuit court descendants now live honored and respected among us. I mention James A. Patteson. yesterday by S. L. Bloomberg against the James Lyle. Archibald MoRae. James BranSupreme Sitting of the Iron Hall for $975. And Some of Them Say They Will Withder. Benjamin Hatcher. John and Thomas Branch and William Ball. Beginning under beerless Mr. Bloomberg's policy for $1,000 in the draw at Once-The Last Day's Session Jacksuch auspicious circumstances. folinstitution was due yesterday and he has lowed by many years of prosperity, the of the Convention-The New Officers. taken the above steps in order to protect virthere came a day to old Fourteen dark himself. of the and gloomy in itself and portentous for its The attachment was served on the officials future. Without attempting to give a reason eautiful and trustees of the Hall and also on the The session of the last day of the fifth for its decline. suffice it to say that from 1845 bank in which their money is kept in this to about 1850. had it not been for the conannual convention of the State Farmers' sistent fidelity of the three city. Alliance opened at 9 o'clock yesterday ers William A. Patteson, at one time Grand The Mutual Banking, Surety, Trust and etuated Master of the Grand Lodge in Virginia; morning in the hall of the House of DeleSafe Deposit Company, of Philadelphia, in afWilliam W. Weisiger and William Walkerwhich a large amount of the funds belonggates. and our dear old tiler, Brother Emmanuel cause." ing to the Order of the Iron Hall is deposit Semon,its light would have entirely gone out: The committee on the good of the order ed, made an assignment August 16th for settled, but Providence was with us, and the more presented a report through the chairman, the benefit of its stockholders and deposiepublic than Promethean heat of their love kept its as tors to A. E. Stockwell, attorney for the light illumed, enuigent for good, as the effulMr. George Jackson, which contained & Hampgence of Divine Glory, which we devoutly bank. number of suggestions with reference to arolina. pray may continue unt time is no more and A telegram from Indianapolis, Ind.. yesof the eternal brotherhood with God begins, the management of the organization. The terday says: The drafts of the order of the 80 WIDE OPEN DOORS. Iron Hall on M. C. Davis, supreme cashier, report was adopted without any opposition. she which have heretofore been honored by the Throughout all these years its doors have solation Mr. J. Brad. Beverley. chairman of the Meridian National Bank. of this place, stood wide open, never closed to the deservannispecial committee on resolutions in memory ing. subserving the best interests of our popuhad through the Clearing House, went to prolation. ever free without distinction: at times old of the late L. L. Polk. presented a set of test. a fit nursery for the young, more than once to memorial resolutions, which were adopted. Judge Taylor, hefore whom the suit for consecrated to the uses of education. Many and National President Louckes made an ada receiver is being heard, was reliably inare here present who received their first and did dress in which he explained the aid degree. formed that the $500,000 which the order is only schooling beneath its hospitable roof. more. The special committee on the lecturer said to have on deposit in this city rapidly To a higher and more glorious use even than howthat of education has it been put. Every system presented its report through its being checked out. Upon this information shacChristian church we see in our city. with one on chairman, Mr. J. Haskins Hobson. The the he quietly issued an order to the bank that exception had theirbeginning in this building. ranklin report recommended that the office of disno more drafts on the order be honored The devont Presbyterian. the earnest Baptist has betrict lecturer be abolished and that one pending the trial of the case in court. It is and the constant Episcopalian freely worshipmotiveState lecturer and three assistants be elected said that a large number of drafts have ed the same God within its hallowed walls. steam. by the State Alliance. The report was been honored since the members of the SuIs it dear to us? It is dear to you, my felof New adopted. preme Sitting arrived here and that the low-citizens Indissolubly linked with Manderbolts The convention also adopted a business funds in bank were rapidly being approprichester past and present. rooted to her soil, a of protower of strength it stands. the best beloved exchange system. and decided that it bedient ated by somebody. of all her landmarks. Bound to it by associashould be placed under the control of the The order of Judge Taylor did not become tions unspeakably tender, hearts there, decays: executive committee. public until late this atternoon. when it around its sacred altar our affections still for the leaked out through the Clearing House. AMENDED THE CONSTITUTION. linger, and the laying of this corner-stone the The supreme officers of the order here preis not without the silent tears of regret. vivificaThe constitution was amended on the tended to be greatly surprised that such an In conclusion, my fellow-citizens, the tenets has recommendation of the committee to whom order should be issued. of order are Brotherly Love, Relief and manit had been referred. The amendment Truth: its cardinal virtues are Temperance, The attorneys in the case take the issuing prinstrikes out the clause which forbids officers Fortitude, Prudence and Justice. What Maof this order as another evidence that & requesto hold more than two terms in succession. sonry is! If thou wouldst be taught. thy this ceiver will be appointed when the case There was some discussion on the subject, heart must teach alone. Universal, with a comes up again Friday morning. The case philanthropy like unto that of high heaven. but the amendment met with very little opwas to have been called again to-day, but as it has withstood the anathemas of the many. position. The measure was introduced the lawyers had not all returned from Phil"A the frowns of centuries. and in this the chiefly to enable the re-election of Presithe adelphia it went over until Friday. year 5892 of its existence, with renewed dent Mann Page. who had already served 'do energies, it still goes on and on in its mission FUNDS MISSING. two terms. Any officer will hereafter be nswered of mercy. never to be content until it shall sun eligible for an unlimited number of terms, The plaintiffs to-day said that they are have g rdled the globe with a never-ending worcircle of Brotherly Love. May the tapers of now prepared to establish their statements The convention then went into the elecJew. peace ever burn at its altars, only to be dimmed tion of officers for the ensuing year, and that the general fund of the order had been & but by the everlasting glories of the Celestial overdrawn: that the reserve fund in the the following were the unanimous choice: it,' Lodge above, not made with hands, eternal in hands of the Supreme Sitting had been exTHE OFFICERS. man the heavens. lts sanctity rests with us. Let hausted: that the officers of the order had a conus. brother Masons, live up to our professions, Major Mann Page was re-elected presisun in this city, when the suit was filed, about ever keeping the word of promise not only to dent. Dr. W. D. Quesenberry of Caroline iman $400,000, and that this is all the money they the ear but to the hope. county was elected vice-president, and J. and have. THE DESCRIPTION. then, J. Silvey of Rappahannock county was reRespecting the point that the funds are the Description of the building. the contents elected secretary and treasurer: Mr. J. Hasoverdrawn. the following facts are cited the of the corner-stone. the inscriptions on the kins Hobson was elected State lecturer. and Twenty per cent. of every assessment is put from old and new corner-stones, the names of Messrs. F. P. Spangler of Patrick county, aside into the reserve fund. which on Janubethe choir and names of the side to the chief Edward L. Neberry of Bland and C. B. the ary 1st. on the books, was $1,337,918. marshal have all been given in this paper. Blanton of Appomattox were elected assistand There should now be in the fund $624,813. ant lecturers. The bands in the procession were the Blues' from not including the $88,000 or $94,000 that has and the Howitzers'. both of which played Messrs. T. Y. Allen, Robert Beverley. Jr., not been lost in the shuffle." Every year only keness.' and Edmund R. Cocke were elected memexcellently. Everything passed off smoothly one-seventh of the reserve fund can be Being?' and Brother Beattie is to be congratulated bers of the executive committee in place of drawn to pay the mutual $1,000 benefits ehovah those whose term had expired. on his management of a large procession that fall due. Therefore only one-seventh was, At 1 o'clock a recess was taken for lunch, and the large crowd of spectators on and of $624,000 can be legally drawn from this 'Your around the stand, who numbered into the and during the afternoon session the fol. the fund this year. to be applied to the followthousands lowing delegates for the National Alliance Father. ing claims that are or will be due in 1892: Convention were elected: Major Mann Page, other THE BANQUET. Certificates maturing, $1,000,000; stok benea and J. Brad. Beverley, Colonel Randolph Harrifits. $800,000. The supper which No. 14 spread for their erefcre son. Alternates: Dr. B. L. Winston. J. UNLIMITED ASSESSMENTS. members and guests from their sister said Haskins Hobson and E. R. Cocke. The and lodges in Richmond was a very pleasant To meet these large amounts the order National Alliance Convention will be held all affair. some time in December. but the place and claims the right to make unlimited assessThere were no toasts and no speechments. The plaintins will endeavor to time will be hereafter decided upon. with making, everything being informal. but After the transaction of 8 considerable prove that not to exceed two assessments anof none the less enjoyed, and the party broke amount of routine business the convention And per month are contemplated or provided up about 9:30 with many expressions of for in the laws of the order. eightook another recess. to meet again at 7:30 P. came pleasure for a pleasant day. The order has claimed that it might reM. The delegates were requested by Major of year Lodges Nos. 10. 36. and 19, from Richduce its liabilities by paying only such porPage to call on Secretary Silvey in the of mond, brought the Howitzers' Band with tions of the thousand-dollar claims as an meautime at his office in the State Bank began them. and added greatly to the procession investment might yield. To this the building. to draw their per diem expenses Masonthereby. plaintiffs will respond by putting in evibe and mileage. no No. 36 had thirty members in line. dence a circular giving tables in which the Most The Night Session. There were many admirers of the large of "amount paid" in the seven-year thousandThe first part of the evening session was down. block of ice just at the entrance of the dollar class 18 $1,000 and not a portion of taken up by the installation of the officers was it supper-room in Leader Hall. Clear as a that smount or the returns from an assessthe elected for the ensuing year. The installacrystal, in the middle of it was frozen a ment. It will also be remembered that the shape tion ceremony was performed in the custoMasonic design, the Square and Compass, certificates are not paid from assessments, mary manner by Louckes. constructed of choice flowers. Among the but from & fund collected during seven of The judiciary committee was appointed as visiting brethren from Richmond were: the 5th follows: William M. Ellis, of Montgomery Worshipful Alfred R. Courtney, Worshipful Grand years, Supreme Justice Somerby returned from county; A. O. Baum, of Princess Anne W. T. Allen, Past Master, W. T. Mosby. J. EngPhiladelphia this forenoon. He went to his county; J. R. Wingfield, of Albemarle appointL. Sutherland, master of No. 36: Brother S. room in the hotel and refused to be seen. New of county. D. Davies, Worshipful W. E. Turner, secreThe Supreme Justice and the members VirThe rest of the evening session was taken tary of Temple Lodge, No. 9. of the Supreme Sitting who remain in this a Proup with the discussion of 8 number of city held a long conterence at the hotel this THE LATE SENATOR LLOYD. method amendments to the constitution as offered afternoon, but they refuse to say what good In all the relations of life, as husband, by the committee. The amendments, which chartook place. All sorts of reports, including father. citizen, and business man. will the referred only to matters of minor importof & rumor that the supreme officers will not late Mr. Lloyd be sadly missed, but in none ance, were finally adopted. to the face the court proceedings to come, are curmore sorely than in his Grand Army of the Mr. J. J. Silvey was appointed agent for a rent. Dalk fund which is eraised Renublic Post which met Wednesday and


Article from The State Capital, August 20, 1892

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LATE NEWS ITEMS. WITH all of the mining centers of the State except Coal Creek in the hands of lawless mobs, and that place threatened by overwhelming numbers, Gov. Buchanan, of Tennessee, on the 17th, ordered the sheriffs of several counties to summon from 500 to 1,000 men each, and himself called out the entire force of the state militia, and at last seemed determined to make an effort to vindicate the dignity cf the state by upholding its laws. RUSSIAN cable reports of the depopulation of Baku and the murder of physicians and apothecaries in Astrakhan, where. after the mob had killed all the medical men they could find, they dragged the patients from the hospitals into the streets, giving them various common antidotes for poisons, are confirmed by a private letter received in in Boston from a soldier in the Russian army. DRAFTS of the order of the Iron Hall on M. C. Davis, the supreme cashier, which have heretofore been honored by the Meridian national bank of Indianapolis. Ind., through the clearing house, went to protest, on the 17th, Judge Taylor having issued an order that no : more checks or drafts be honored pending the hearing of the petition for the appointment of a receiver. THE duchess of Manchester; by her marriage to the duke of Devonshire, forfeits, under her late husband's will, 1 the whole of her income to her son, the I present duke. All of the Devonshire estates, also, are held in trust by the e duke of Devonshire for Victor Cavendish. THE North Dakota millers met at Fargo, N. D., on the 17th, and perfected ) the organization of the North Dakota 1 Millers' trust. John M. Turner, of E Mandan, was elected manager with a salary of $6,000 per annum. I THE Brown-Ketchum iron works of Indianapolis has made the lowest proposal for the interior iron work of the ) Massachusetts state house extension I and will probably get the contract. AT the meeting of the Society of 2 American Florists, in Washington city, on the 17th, St. Louis was selected as the place for holding the next annual meeting. THE front wall of a new building belonging to Koster and Beal, at Twentyfourth street and Sixth avenue, N. Y., 1 . fell, on the 17th, burying five men in the ruins. THE Tennessee miners captured Oliver Spring convict camp, on the 17th, without a struggle, the militia surrendering.


Article from The Jasper Weekly Courier, August 26, 1892

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road company; the postoffice, Delmar hotel and 180 dwellings. Hundreds of people were rendered homeless with the loss of all their possessions. THE names of the members of the new British cabinet were made public on the 16th. The list comprises many veteran statesmen of experience in various official positions, some of them having been with Mr. Gladstone during former terms as premier. As itinerant Italian. traveling with his little son and a trained bear, took shelter from a storm under a tree in the A lirondacks. The tree was struck by lightning and all three were killed. THE duke of Devonshire was married at Christ ehurch. London, on the 16th, to the dowager duchess of Manchester, with whom his name had long been associated. SIX workmen were killed and fifteen injured by the wreck of a construction train. caused by an open switch, near Coshocton, O., on the 16th. DEAFTS of the order of the Iron Hall on M. C. Davis, the supreme cashier, which have heretofore been honored by the Meridian national bank of Indianapolis, Ind., through the clearing house, went to protest, on the 17th, Judge Taylor having issued an order that no more checks or drafts be honored pending the hearing of the petition for the appointment of a receiver. THE Brown-Ketchum iron works of Indianapolis has made the lowest proposal for the interior iron work of the Massachusetts state house extension and will probably get the contract. THE front wall of a new building belonging to Koster and Bial, at Twentyfourth street and Sixth avenue, N. Y., fell, on the 17th, burying five men in the ruins. THE Tennessee miners captured Olier Springs convict camp. on the 17th, without a struggle, the militia surrendering. ARANTINE has been established at every port of Denmark against vessels arriving from Russian ports, to prevent the introduction of cholera. Gov. TILLMAN and Col. Yeomans met at Newbury, S. C., at a political speaking on the 18th. A quarrel ensued and bloodshed was narrowly averted by the fortunate breakdown of the platform on which the friends of the parties had crowded, pistol in hand. THE grand stand at a horse show being held in Buxton. Derbyshire, England. fell, on the 17th. while crowded with thousands of persons. About 700 went down in the ruins. Fortunately there were, so far as can be ascertained. no fatalities. WITH the strike of the Nickel Plate switchmen. on the 18th, all theVanderbilt lines at Buffalo were tied up. The situation wassograve thatall the state troops were placed under orders and 5,000 were hurried to the scene. Ox the 18th Supreme Cashier Davis of the order of the Iron Hall refused to surrender his books to the investigation committee, and soon after disappeared. Os the 18th the president pardoned, because of ill health, George West, of Arkansas, sentenced in 1889 to eleven years' imprisonment at Little Rock for lareeny. A FIRE,ON the night of the 17th. in the town of Seordavsk. Russian government of Saratov, destroyed 500 houses and made 2,500 persons homeless. THE British parliament was pro-


Article from The Indianapolis Journal, November 25, 1902

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Offer of a Compromise. John G. Williams, attorney for the receiver of the Meridian National Bank, Satfurday made a proposition to the Board of County Commissioners to settle the county's claim of $5,891.42 against the bank for $2,356.56, and offers to compromise the claim for this sum. The claim of the county grew out of the fact that John E. Sullivan, former clerk of Marion county, who left the office in an unsettled financial condition, had placed in the Meridian National Bank $4,500 of the county's money. The members of the Board of County Commissioners and the auditor do not know much about the claim, and the offer of a compromise came as a surprise. The offer will be considered to-morrow morning by the board, and it is probable that it will be accepted.