6049. Manilla bank (Manilla, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 10, 1930
Location
Manilla, Indiana (39.574, -85.619)

Metadata

Model
gpt-5-mini
Short Digest
6354d5ba

Response Measures

None

Description

The Manilla bank was closed by the state banking department (Nov 1930) and placed in receivership; receivers later petitioned to pay a 30% dividend. There is no mention of a depositor run. The bank remained defunct and receivers handled assets and claims, consistent with a suspension followed by permanent closure/receivership.

Events (4)
1. November 10, 1930 Suspension
Cause
Government Action
Cause Details
Closed by a state bank examiner / state banking department action on or about November 10, 1930.
Newspaper Excerpt
The bank was closed November 10 by a state bank examiner
Source
newspapers
2. December 12, 1930 Receivership
Newspaper Excerpt
In the suit ... by the receivers for the Manilla bank, against Thomas Mull ... Judge Titsworth found for the plaintiff. Judgment was given ... the property sold by the receivers to make assets for the bank. This case was described as being friendly suit filed by the receivers. In the case ... Clyde Whisman and David Carmony, receivers for the Manilla bank, against Thomas Mull ... Judge Titsworth found for the plaintiff, Judgment was given ... the property sold by the receivers to make assets for the bank. This case was described as being friendly suit filed by the receivers. (Rushville Republican 1930-12-12).
Source
newspapers
3. April 27, 1931 Other
Newspaper Excerpt
Manilla Bank Receivers Petition Court to Pay Depositors 30 Per Cent. A petition to pay depositors in the old Manilla bank thirty per cent dividend was filed Saturday in Rush circuit court by Clyde Whisman and David Carmony, receivers of the bank ... Now Have $48,379 in Cash Collected, Which Will Create First Payment. (Rushville Republican 1931-04-27).
Source
newspapers
4. December 14, 1931 Other
Newspaper Excerpt
Indictments against Thomas K. Mull, former president of the defunct Manilla bank, were quashed Monday by Judge John A. Titsworth ... Quashing of the indictments followed court order Saturday in probate court where Judge Titsworth granted the petition of the bank receivers for the payment of thirty per cent dividend to depositors of the old Manilla bank. The court ordered the dividend to be paid immediately. (Rushville Republican 1931-12-14).
Source
newspapers

Newspaper Articles (10)
1. November 14, 1930 Rushville Republican Rushville, IN
Article from Rushville Republican, November 14, 1930

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ASKS RECEIVER AND INJUNCTION IN BANK AIFFAIR FROM PAGE ONE tion suit are Clyde Whisman, Fred Gross and Gus E. Riley who, according to the complaint, have on deposit in the Manilla bank $200, $2,000 and $450 respectively. The suit purports to represent also more than 400 other depositors of the bank. John H. Kiplinger and Jean R. Kiplinger are attorneys for the plaintiffs. Defendants in the injunction suit are the Manilla bank, its president, Thomas K. Mull; and Oscar L. Williams of Shelbyville and Russell B. Titsworth of here, attorneys named Thursday by Mull as assignees of his and the bank's property. The suit would prevent Williams and Titsworth from taking charge of the bank's assets. Hearing on the injunction action was due before Judge John A. Titsworth this afternoon. Filing of the suit followed closely on the action taken by Mull in naming Titsworth and Williams as assignees of his and the bank's real and personal property. The attorneys were also empowered by Mary M. Mull, sister of the Manilla bank president, to take charge of all her real and personal holdings The assignment turned over to the two attorneys the charge of all the real estate, personal property, notes and Manilla bank property of Mr. Mull. The real estate involved by this assignment includes nearly 3,000 acres in Rush county, one-fourth interest in 80 acres in Marion county and one-third interest in 2,100 acres in Alabama. The injunction suit alleges appointment of the assignees was without court sanction and that no petition of liquidation was filed by Mull. who, the complaint asserts, is sole owner of the bank. It is also set out in the suit that chances of depositors regaining all their money would be jeopadized if both Mull's and the bank's assets were combined and his personal creditors and the bank's paid out of a common fund. Legal lien of the depositors on the bank assets would be rendered nil should the assignment, be permitted, the complaint asserts. It was rumored yesterday that Mull's personal debts would exceed a quarter of a million dollars, not counting debts incurred by the bank over and above assets. The suit sets out that the bank's assets, including notes, cash, bonds, real estate, furniture and fixtures and other properties will exceed $150,000. Deposit accounts total more than $168,000, the complaint states. It was said by informed parties yesterday that Mull's action in assigning the bank's holdings was without precedent.

2. November 14, 1930 Rushville Republican Rushville, IN
Article from Rushville Republican, November 14, 1930

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ASKS RECEIVER AND INJUNCTION IN BANK AIFFAIR FROM PAGE ONE tion suit are Clyde Whisman, Fred Gross and Gus E. Riley who, according to the complaint, have on deposit in the Manilla bank $200, $2,000 and $450 respectively. The suit purports to represent also more than 400 other depositors of the bank. John H. Kiplinger and Jean R. Kiplinger are attorneys for the plainDefendants in the injunction suit are the Manilla bank, its president, Thomas K. Mull; and Oscar L. Williams of Shelbyville and Russell B. Titsworth of here, attorneys named Thursday by Mull as assignees of his and the bank's property. The suit would prevent Williams and Titsworth from taking charge of the bank's Hearing on the injunction action was due before Judge John A. Titsworth this afternoon. Filing of the suit followed closely on the action taken by Mull in naming Titsworth and Williams as assignees of his and the bank's real and personal property. The attorneys were also empowered by Mary M. Mull, sister of the Manilla bank president, to take charge of all her real and personal holdings The assignment turned over to the two attorneys the charge of all the real estate, personal property, notes and Manilla bank property of Mr. Mull. The real estate involved by this assignment includes nearly 3,000 acres in Rush county, one-fourth interest in 80 acres in Marion county and one-third interest in 2,100 acres in Alabama. The Injunction suit alleges appointment of the assignees was without court sanction and that no petition of liquidation was filed by Mull, who, the complaint asserts, is sole owner of the bank. It is also set out in the suit that chances of depositors regaining all their money would be jeopadized if both Mull's and the bank's assets were combined and his personal creditors and the bank's paid out of a common fund. Legal lien of the

3. December 12, 1930 Rushville Republican Rushville, IN
Article from Rushville Republican, December 12, 1930

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Judge Vanduyn Gives Large Judgment to Gwynneville Bank in Suit. TITSWORTH, CRAIG IN ACTIONS Manilla Bank Receivers Given Decision in Friendly Law Suit. Considerable activity reigned in the Rush circuit court Friday morning with Judge VanDuyn of Greenfield and Judge Craig of Greensburg taking action in casin which they are special judges, as well as several cases being acted upon by Judge Titsworth. Judge Vanduyn found judgment for the for total of in the case of the Gwynneville bank against RebecSampson and Doctor son, for suit on note and for foreclosure, demanding $8,000, Mortgage was ordered foreclosed and property sold. Resignation of John Titsworth commissioner in the partition case of Frances O'Neal against the O'Neal Brothers company was accepted by Judge VanDuyn. Russell Titsworth was named new commissioner with bond at $15,000. John H. Kiplinger is the other commissioner The plaintiff filed for change of venue before Judge Craig the case of Martha E. Powell against the Rushville Natural Gas company for an injunction. In the suit to quiet title by Clyde Whisman and David Carmony, receivers for the Manilla bank, against Thomas Mull and Russell Titsworth and Oscar Williams, assignees, Judge Titsworth found for the plaintiff, Judgment was given that the fendants have no interest in the property described in the complaint and that the title should be quieted and the property sold by the receivers to make assets for the bank. This case was described as being friendly suit filed by the receivers. In the case of Albert Schulte against William and May Roth, for injunction and damages, the court approved of the report of sale filed by the commissioners. A petition for an order for Albert and John Schulte to go on the land and husk corn was grantéd by the court. Several new suits were filed in the Rush circuit court as follows: Commercial Investment Trust, Inc., against Elmer C. Addison, complaint on contract, for $1,200; Butler Brothers, Inc., against William G. Mulno, complaint on account for $75; The cahontas Fuel company, Inc. against Conwell R. Smith, Lawrence Clark and Floyd Kirkcomplaint on account, for $800. The same defendants were also sued for $450 on similar charge by the Pocahontas Fuel company. The Valerino Corporation has filed complaint on notes for $650 against Elmer Addison.

4. January 1, 1931 The Dearborn County Register Lawrenceburg, IN
Article from The Dearborn County Register, January 1, 1931

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HOMESTEAD DILLSBORO Howard Vetter and family of SayPark, Henry. Vetter and family Greendale spent Christmas day with Andrew Vetter and family. lem Norma Barrows spent part of the, week with Aurora relatives. is visiting relatives Edna and KonFaye Vetter and Raymond erman, Doehleman attended the Passion Play Christmas Thomas Jr. and of York town called Charles Fitzpatrick and family Christmas Miller elected township trustee of Yorktown fall election. Evans of Riverside, TO spent Wednesday and Thursday with Mrs. Nancy Noel James Akins and wife were over Christmas guests with Cincinnati relLena Squires spent Xmas park. Willaim Christian and famof Newtown. Mrs. Joseph West and children Fallansbee, are visiting Joseph West and and Albert Karstetter built and family. each James Goodwin of Moores Hill with spent Friday of last week with Frank place Dam and family. Each one of the four churches of H. Barrows received injuries Dillsboro held very from fall Sunday evening. Christmas exercises Christmas home OF VENUE The public schools will resume their CASE work again January 5th after two Change of venue was granted the Children and of the Shelby circuit court last week Gerster her the case of Samuel Gardner, county celebrated second It will AT Dec. the of tried the Johnson court day, 26th home Gerster. All had Franklin. case an Harry time. against several Shelby Born and Ernest officials have been cited Sunday, Dec. little impeachment, indicted or criticiz28, board of accounts. Marvin Eugene. William Gardner denies he guilty of any and French and regularity in office, and refuses entertained number the and Christmas requested to do by the day. Trustee Edgar Sale county his office from the National bank building his home. Charles Fehrman, Clay township's meeting of the creditors trustee, will take Mull, Thomas former president The advised will defunct Manilla bank and his most located in the Mary Mull, held Monday week in Rushville. Assets pastor of former president and Dillsboro Methodist church, were total sciatica able will conduct his

5. January 6, 1931 Rushville Republican Rushville, IN
Article from Rushville Republican, January 6, 1931

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NOT GUILTY IS COURT VERDICT IN TRIAL FROM PAGE ONE Tuley, the complaint setting out that the couple was married February 1908, and separated December 20, 1930. The plaintiff charges that the defendant cursed her and called her low names, that he would come violently angry and quarher no reason. That he became unreasonably and violently jealous of her, that he didn't want to go places and that he accused her of infidelity, also charged in the plaint. Mrs. Tuley asserts that her husband has large amount of personal property, valued at proximately and she asking for $5,000 alimony in dition the divorce. By agreement, the case of Manilla bank receivers against low for was venued to Hancock county. William Inlow also asked for change of venue in the case of Josephine Emsweller against William Inlow, et al, for $1,000 note. The request was granted. The court found judgment for total of for the plaintiff in the case of Colt and company against Robert Hall, admr., of the estate of the late Mary Hall, claim for $450.

6. April 27, 1931 Rushville Republican Rushville, IN
Article from Rushville Republican, April 27, 1931

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FIRST PAYMENT Manilla Bank Receivers Petition Court to Pay Depositors 30 Per Cent. HEARING ON MATTER TO BE HEARD MAY Now Have $48,379 in Cash Collected, Which Will Create First Payment. A petition to pay depositors in the old Manilla bank thirty per cent dividend was filed Saturday in Rush circuit court by Clyde Whisman and David Carmony, receivers of the bank, and May was set as date of hearing by Judge John Titsworth. The receivers also petitioned court the posits, claims and priorities connected with this matter. The total amount due depositors of the bank when the stitution was closed by the state banking department last November was according to the report of Mr. Whisman and Mr. Carmony, who state that they have caused an examination and an audit of the books of the bank to be made. list of depositors, together with the balance due them when the bank was closed, is so submitted. Owners of certificates of deposit in the banks are also listed and the receivers have asked the court to fix the date on which interest should be comon these certificates which total Public funds in the Manilla bank at the time it was closed included for Rush county, $20,for Orange township and for Walker township, the report states. Also included in the report is the number of TURN PAGE Six

7. October 14, 1931 The Daily Republican Rushville, IN
Article from The Daily Republican, October 14, 1931

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Demanding ProtecSuit, tion from Surety ComFiled Today. pany, BANK RECEIVERS AT MANILLA FILE SUIT Claim Ex-President Converted About $35,000 of Funds to His Own Use. Claiming that Thomas K. Mull defrauded the old Manilla bank, of which he was president, of approximately $35,000, the receivers of the bank filed a civil Rush circuit court Wedsuit in for $17,500 against Mull nesday and the American Surety comof New York. pany The suit, filed by Clyde Whisman and David E. Carmony as receivers for the bank, claims that on November 30, 1918, the surety company and Mull delivered to the bank bond of $5,000, which the company was bound to pay to the bank for any loss, not exceeding that sum, should the bank sustain on money or other personal property account of larceny or embezzlement of Mull long as he on the part as the of the remained in employ bank. The suit contends that the bond was extended from year to year and that the premium was always paid by the bank. During the year from November 30, 1929. to November 30, 1930, the plaintiffs assert that Mull, as president and employe of the bank, embezzled approximately $13,000 of the bank's funds by means of checks. A total of 41 separate illegal check transactions is listed in the suit, they ranging from $5.27 up to $8,784.53. Mull had no funds in the bank with which to pay these checks, the suit declares, and the wrongfully paid out money was of the bank's funds. all occurred beThese acts tween October 17, 1930, and the of that month, it is charged. last The bank was closed November 10 by a state bank examiner suit filed is in five paraThe the second and third graphs and similar to the first paraare grand larthey charging graph, well embezzlement. as as ceny The fourth and fifth paragraphs with putting worthcharge Mull less notes in the bank. he knowing them to be worthless, and TURN TO PAGE

8. December 14, 1931 Rushville Republican Rushville, IN
Article from Rushville Republican, December 14, 1931

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Three Indictments Against Former Manilla Banker Quashed by Judge. PERRY AKER ENTERS PLEA OF NOT GUILTY "Ought to be Court Tells Young Thief in Juvenile Court. Indictments against Thomas K. Mull, former president of the defunct Manilla bank, were quashed Monday by Judge John Titsworth following previous motions to quash filed some time ago by the defendant. Last summer the Rush county grand jury returned three indictments against Mull, charghim with overdraft by an ficer, embezzlement by banker and perjury in voluntary affidavit. No criminal charges now remain against the former bank Quashing of the indictments followed court order Saturday in probate court where Judge Titsworth granted the petition of the bank receivers for the payment of thirty per cent dividend to depositors of the old Manilla bank. The court dered the dividend to be paid immediately. Perry Aker, age about 53, former resident of Rushville and Carthage, entered plea of not guilty Monday morning to charge of contributing to the delinquency of one of his young daughters. Aker, who was placed in jail last week, is accused by authorities of being the father of two babies born his daughters. The girls and their babies are being kept at private home and is likely that the girls will be called before the grand jury to testify concerning alleged immoral with their ther more serious charge than that of contributing to delinwill likely be placed quency against Aker. When arraigned in circuit court, the defendant stated that he had no lawyer, and the court appointed M. George to represent him. Aker, who hesitated for several moments before saying "Not guilTURN PAGE THREE

9. December 14, 1931 Rushville Republican Rushville, IN
Article from Rushville Republican, December 14, 1931

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Three Indictments Against Former Manilla Banker Quashed by Judge. PERRY AKER ENTERS PLEA OF NOT GUILTY "Ought to be Strapped," Court Tells Young Thief in Juvenile Court. Indictments against Thomas K. Mull, former president of the defunct Manilla bank, were quashed Monday by Judge John A. Titsworth following previous motions to quash filed some time by the defendant. ago Last summer the Rush county grand jury returned three indictments against Mull, charging him with overdraft by an ficer, embezzlement by banker and perjury in voluntary affidavit. No criminal charges now remain against the former bank president. Quashing of the indictments followed court order Saturday in probate court where Judge Titsworth granted the petition of the bank receivers the payment of a thirty per cent dividend to depositors of the old Manilla bank. The court ordered the dividend to be paid immediately. Perry Aker, age about 53, former resident of Rushville and Carthage, entered a plea of not guilty Monday morning to a of contributing to the charge delinquency of one of his young daughters. Aker, who was placed in jail last week. is accused by authorities of being the father of two babies born to his daughters. The girls and their babies are being kept at a private home and it is likely that the girls will be called before the grand jury to testify concerning alleged immoral relations with their father. more serious charge than that of contributing to delinwill likely be placed quency against Aker. When arraigned in circuit court, the defendant stated that he had no lawyer, and the court appointed C. M. George to represent him. Aker, who hesitated for several moments before saying "Not guilTURN PAGE THREE

10. January 9, 1934 The Indianapolis Star Indianapolis, IN
Article from The Indianapolis Star, January 9, 1934

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$407,931 Claims Filed Against Mull Assignees [Special to The Indianapolis Ind., Jan. totaling filed in Rush Circuit court today against assignees for Thomas K. Mull, former president of the defunct Manilla bank. The bank failed in 1931. The filed by Orange Mull, banker Abe Buckcounty receiver the Manilla county board and depositors the