6063. Markleville State Bank (Markleville, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 1, 1927
Location
Markleville, Indiana (39.978, -85.615)

Metadata

Model
gpt-5-mini
Short Digest
c0987d5b

Response Measures

None

Description

The Markleville State Bank was closed by the State Banking Department in early March 1927 and placed in receivership (Citizens Bank of Anderson appointed receiver). Coverage describes insolvency, bad loans and mismanagement as causes; there is no description of a depositor run. The institution remained closed and in receivership with asset sales and suits continuing through the early 1930s.

Events (7)

1. March 1, 1927 Suspension
Cause
Bank Specific Adverse Info
Cause Details
State banking officials and court findings state the bank was insolvent due to excessive bad loans, decline in real-estate/farm values and mismanagement/insolvency of the institution.
Newspaper Excerpt
The Markleville State Bank ... was closed this morning at the request of the directors by Thomas D. Barr, deputy state bank commissioner
Source
newspapers
2. March 2, 1927 Receivership
Newspaper Excerpt
The Citizens Bank, of Anderson, through its president, Neel M. McCullough, immediately came to the assistance ... agreeing to take over and liquidate the assets ... Depositors ... will be given credit ... 65 percent cash on demand and the remainder when and if realized. Depositors will not make ... use of checks. The Markleville State Bank ... was closed this morning ... and Citizens Bank was appointed receiver by court order in subsequent reports (March 3).
Source
newspapers
3. March 3, 1927 Other
Newspaper Excerpt
State of Indiana vs. Markleville State bank, application for receiver. ... Finding that defendant bank is in an insolvent condition. ... Citizens bank of Anderson appointed receiver until such time as the appointment can be made permanent. The Citizens bank ... accepts sale appointment as receiver and agrees to serve without pay.
Source
newspapers
4. June 7, 1927 Other
Newspaper Excerpt
Suit was filed in superior court Tuesday by the Citizens Bank as receiver for the defunct Markleville State Bank, naming Wallace Williams ... in demand for notes and mortgage totalling $9,000.
Source
newspapers
5. November 23, 1927 Other
Newspaper Excerpt
The Citizens Bank, receiver for the Markleville State Bank, today filed with Judge Carl Morrow in circuit court an inventory the bank's assets. ... The Bank closed last March by Luther Symons, state bank commissioner, and the Citizens Bank was appointed receiver.
Source
newspapers
6. October 18, 1930 Other
Newspaper Excerpt
Operation of the Markleville State bank from March 1, 1927, when it was closed by the state banking department, to Sept. 30, this year, is shown in a report filed in Madison circuit court by Neel M. McCullough, receiver. ... The depositors have been paid $40,004.34 as a partial distribution.
Source
newspapers
7. November 19, 1930 Other
Newspaper Excerpt
The Markleville State bank building has been sold at auction ... The bank was closed three years ago when the state banking commissioner filed action for receivership. Sale of the building was ordered by Judge Carl F. Morrow of Madison circuit court.
Source
newspapers

Newspaper Articles (21)

Article from Anderson Daily Bulletin, March 2, 1927

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Depositors Guaranteed 65 Percent Doors of Bank Were Closed This Morning By State Banking Officials At Request of Directors of Institution-Citizens Bank of Anderson Agrees To Liquidate Assets of Company Which Listed Deposits of $170,000. The Markleville State Bank, located at Markleville, twelve miles southeast of here, was closed this morning at the request of the directors by Thomas D. Barr, deputy state bank commissioner, assisted by Morris Stults, state bank examiner of this district, and R. H. Wurtemberger, assistant. The Citizens Bank, of Anderson, through its president, Neel M. McCullough, immediately came to the assistance of the depositors, agreeing to take over and liquidate the assets, paying depositors 65 percent cash on demand and the remain- der when and if realized. will be given credit Depositors the Citizens Bank for 65 percent of their total deposits and will call the bank in this city for arranging and get their check their accounts books. Depositors will not make Markleville Bank any more use of checks. Deposits in the Markleville State Bank March were 000. Directors of the Markleville in. stitution are Frank Staley, Charles Hardy, George Rittenour, Quincy Markle. Walter Stohler. Elmer Hardy and Ross B. Ham. STARTED IN 1913. The Markleville- State Bank hebusiness as private bank gan with capital of $10,000 in 1913 under the auspices of Clyde Keach. was changed to state bank in 1918. Ben Keach was president until LWO years ago. The management of the Keaches was unfortuwas at nate Crothersville, Ind., and elsewhere, said. Charles Hardy was installed Frank Staley as cashier two years ago and along directors have made other efforts to retrieve the errors of the former management, Agricultural against the new were and was deemed advisable to take the steps negotiated today through state officials. The state department ask the court to appoint the Citizens Bank liquidating receiver in order conserve without pay the assets deputy sioner, today expressed himself highly gratified the attitude of the directors under the regrettable conditions. especially that the bank conditions in Auderson are such uation which may arise promptly and State bank officials and McCullough were the bank all day. The action in closing institution caused little disturbance around Markleville, is Since the organization of the bank, new building occupy. ing prominent corner in Markle ville has been constructed by the bank occupied this institution. The structure. 73 STOCKHOLDERS. Benjamin Keach. now resident of Chicago and until two years ago cashier the bank, is the largest individual stockholder He is said to be the owner of forty shares the capital stock. There are stockholders in the institution. each from share up to forty Among the heavier stock. holders are Benjamin Keach. ville, and Elnathan Hays, of Sbirley. year ago the capital stock was increased to $25,000 and has since stood at that figure. The face value of the stock $100 per share, but is quoted $135. Stockholdin the bank live Markieville, castle, and Detroit. has been known In banking cles in Anderson for some time that the Markleville bank was in hard lines Excessive loans on farm propof trouble. When real estate and farm property declined in value, out from under bank and left but little substantial foundation on which to base busilisted the bank ness. Assets amount to


Article from Anderson Daily Bulletin, March 3, 1927

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Court News CIRCUIT COURT RECORD. Erma Wright vs. Chester Wright, divorce. Motion for citation for defendant filed. Citation ordered returnable March Б. State of Indiana VB. Charley Pugh, of liquor. Defendant being in open court and being arraigned on charge in affidavit, pleads guilty. Finding that defendant is guilty of charge set out in affidavit and that he is 43 years of age. That he be imprisoned in the Indiana state prison for a period of one to two years. Fineu in the sum of $25 and costs. State of Indiana ex rel Luther Symons YS. Markleville State bank, application for receiver. Cause submitted on application. Finding that defendant bank is in an insolvent condition. That said bank has been closed by the State Bank Commissioner and the assets and possessions of said bank are now in the hands of said commissioner. It being shown by deputy state bank commissioner that in order to conserve the interests of depositors and stockbolders in said bank, receiver should be appointed and an emergency exists for the appointment of receiver. Citizens bank of Anderson appointed receiver until such time as the ap pointment can be made permanent. The Citizens bank now in open court by its president Neel M. Mc. Cullough, accepts sale appointment as receiver and agrees to serve without pay. The clerk of this court is ordered to give notice to depositors and stockholders by publication that further consideration of matters pertaining this receiver will be heard at 9 a. m., Friday, March 4. The bank department of the State of Indiana Is hereby ordered and directed to turn over to this receiver all and singular of said property now in its hands. Receiver ordered to take charge of all assets of said bank. Receiver is hereby authorized to advance money to this trust as in his judgment seems fitting and proper for rellef of depositors and is further authorized to borrow money on assets of this trust to obtain further security on notes belonging to said trust, and to do and perform any and all things necessary to conserve the interest of said bank. SUPERIOR COURT RECORD. John E. Sbirk, trustee va. Eugene A. Albright et al, to enforce tax lien. Cause reinstated for the purpose of completing Issue as to Oscar G. Miller. Default of Oscar G. Miller. Finding for cross complainant Frank M. Millikan, that he is the owner of real estate deseribed in the complaint and title quieted in. him. Charles T. Sansberry appointed commissioner to make deed. Deed reported and approved. Henry Williams VS. Clay Morgan, on lost note. Tridence beard and continued.


Article from Anderson Daily Bulletin, March 4, 1927

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SENSIBLE VIEW BEING TAKEN BY DEPOSITORS LACK OF EXCITEMENT OVER BANK'S FAILURE IS NOTICEABLE. Markleville People Show No Resentment DEPOSITORS LEAVE MONEY IN BANK WHEN PAYMENT Citizens Bank of This City Will 18. sue Checks For Fifty Percent of Whatever Money Depositor's Pass Book Calls For There is noticeable lack of excitement or resentment among stockholders and depositors in the Markleville State Bank, whose doors were closed Wednesday by Thomas D. Barr, assistant state bank comNon bank's financial Neel president of the Citizens bank this city, which was appointed receiver to liquidate affairs of the Markleville bank, that never before has experiencsituation Markleville under existing conditions. Creditors all seem to realize that could be done to keep its doors open to patrons and closed only after the last ditch had been reached. DON'T WANT MONEY. Additional by Judge Carl Morrow in the cirwith the receivership sult that was brought against the bank Tuesday. Minutes that made ply confirm what was originally done the court proceeding Depositors are taking their pass books the Markleville bank. where they being balanced. the books are balanced, representative of the receiver who stationed bank puts his on them. The pass books are then brought to the Citizens bank in Anderson, where the owner can check out of his money he desires. Practically every leaving the money the bank. Record time in handling defunct bank was made in this case. The bank was closed. the books examined. the Citizens bank appointed receiver inside of ten hours.


Article from The Anderson Herald, June 7, 1927

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The United States Fidelity Company field an interGuaranty the superior court. vening demanding that Oliver and Everett Hiatt be summoned into court testify under oath as to the assets of the Hiatt Construction Company, of Elwood. Luther Gross, who recently appointed receiver for the company, filed an inventory setting up the alleged assets and liabilities the firm. Judge Mays ordered the Hiatts to appear in court at today. PLEA IN ABATEMENT Albert Abel filed plea in abate ment in circuit court in suit brought by Moorman, 227 East street for an injunction and abatement of an alleged The complaint direct nuisance. against Abel's pool located Twelfth forth that liquor was sold there. Judge Morrow has ruled on the plea for abatement of the suit. TO FORECLOSE MORTGAGE. Suit was filed in superior court Tuesday by the Citizens Bank as ceived for the defunct Markleville State Bank, naming Wallace Williams, of Adame township, defend and and Bennie and Francis M. Williams as co-defendants in demand for notes and mortgage totalling $9, 000. The Williams were named pardefendants because they claiming an interest the property described the complaint. NEW DIVORCE SUITS. Elizabeth Bright, 1414 Main street, filed suit in court Monday for divorce from her husband, James Henry Bright They were married May 1911 and arated December 1922. Bright has not contributed for the support of his and five for the last fibe to the complaint. Mrs. Bright requests the custody of all the Married life lasted less than one month for Opal who filed suit for divorce from her husband, Stinbrook. They were married March 19, last, and separated April according to the complaint. Mrs. Stainbrook leges that her husband deserted going to Dayton where he is employin box factory. SUITS FILED. Circuit Court. Citizens Bank, Anderson, receiver for State Bank Wal Williams notes and lace foreclosure, $9,000. Ex-parte Amos Brattain: petition for drainage. State fo Indiana, ex re Minnie Peames V8 William Semon; paternity. Superior Court. Josephine Willis Ralph divorce. Bright James H. Elizabeth Bright; divorce. Opal Stainbrook V8 Emery Staindivorce. Circuit Court Minutes. Consolidated Coal and Supply the and Company Louis Railroad Co., drainage, $200. Defendant compliance with heretofore made files bill lading. freight bills, freight bill. weight certificate and varload weight report. National Drain Tile Company and Louis Raflroad: Defendants showing damages. cause for not complying order of trust. State of Indiana V8 Albert Abel, et al; injunction, abatement nuisance and for attorneys fees filed, plea in abatement by defendant Abel. Jesse Shuman, administrator with the will annexed of the estate of John R. Graham George Gra et to sell real estate. Waiver of issueance of summons and service process, consent of sale of all defendants. Inventory appraisement made by William Pence Riggs in the sum of $1,600 filed and approved. Additional bond of plaintiff with Henry Shuman surety filed and proved. Cause submitted. Evidence heard. Finding that personal tate not sufficien pay all debts of the estate, and that real estate described complaint is liable for and should be sold make assets out of which to pay debts. Real ordered Presser Alonzo Presser; divorce. Default of fendant. Answer of prosecuting attorney. Prosecuting attorney fee Cause submitted. Evidence paid. heard. Cause continued for further evidence. Beulah Haggard Herbert Haggard; divorce and alimony. By of restraining order modified in that defendant is restrained from mortgaging or sellDefendant ordered ing to pay $135 per month for support plaintiff and her children. Mary Demaris Myrtle Cornick: alienation, This cause assigned for trial Monday, October 24, 1927. Superior Court Minutes. Oliver C. Hiatt Franklin Hiatt, Everett Hiatt Intervening peition United States Fidelity and Guaranty Company to compel conditional examination Oliver Hiatt, Everett Hiatt and Franklin Hiatt, partners as Hiatt Construction Company. Prayer granted and parties to appear on Tuesday. Edna M. Anderson Frank Anderson; On plaintiff this cause is now Costs paid. Elmer Fite V8 Mildred Fite divorce by agreement of parties plain tiff is ordered to pay sum of per week for support pending suit. Sally Hedges Chester Hedges: divorce. Alias summons ordered sued Sheriff of Vigo County turnable June 20, 1927. Josephine E. Willis Ralph D. Willis; divorce, verified opplication for order filed Prayer granted and defendant herewith restrained from interfering with plaintiff, and her children manner molesting them. Defendant restrained from disposing of household jacobs and all other of his personal property.


Article from The Anderson Herald, October 5, 1927

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CALLS SUPERIOR DOCKET. Judge Lawrence Mays called the superior court docket Tuesday, and made entries in more than forty cases. marked the official opening of the October term of superior court, although the term really began Monday when Judge Carl Morcalled the circuit court docket. RELEASES PUBLC FUNDS. An order was made by Judge Morreleasing public funds deposit in the Markleville State bank when the bank was closed by the state banking department, March The Citizens bank later named receiver. When the bank failed had on deposit $6,533.55. Adams township had made deposits of $27,287.02 and the town Markleville had on deposit at the bank $791.26. The bank directors had given bonds instead of surety bonds for the public funds. Fifty per cent. of the public money had been paid, and the order which was made yesterday provides for payment balance totalling $17.The order was made on petition of the directors, who wished to effect settlement for public funds. NEW TRIAL GRANTED. Judge Morrow Tuesday granted new trial for Aalonza Smith, colored, of Muncie, in suit against Clifton Cranor, also Muncie, for damages. The court held that Cranor's attorney made an improper argument. Smith was arrested suspect in robbery Crantor's home and later released without trial. filed. Evidence heard. Finding that the petitioners and each of them are sureties for the Markleville State bank on public depository bonds Adams township, town of Markleville and Madison county. That ceiver has paid to each of said depositories the amount equal to 50 per cent. of amount of respective deposits March 1927 and that the petitioners as sureties for said depository bonds have paid Adams township and to the town of Markleville $400.25 and to Madison county $3,343.06 the same being the full amount balance of respective deposits together with accrued interest thereon full settlement and satisfaction all obligations on account of said bonds. That any future dividends on account of said respective deposits which receiver herein may distribute to depositors in further administration of receivership be paid to said intervenors in equad partition to each.


Article from Anderson Daily Bulletin, November 7, 1927

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The sale of the Marion Williams farm, containing 329 acres and cated south of Markleville, was ordered sold today by Judge Carl Morrow in circuit court. The sale was ordered on petition of the Citizens Bank, as receiver for the Markleville State Bank. The farm had been deeded to the Markleville bank by its owner,' before the bank was closed March by the state banking department, at which time the receiver appointed. Because of the the farm, may become necessary to divide into small tracts in order to secure bidders. READ THE BULLETIN WANT ADS


Article from Anderson Daily Bulletin, November 23, 1927

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BANK INVENTORY The Citizens Bank, receiver for the Markleville State Bank, today filed with Judge Carl Morrow in circourt an inventory the bank's assets. amounting to $224. Assets of the bank as listed the receiver are follows: Loans and Overdrafts 98.54 Government bonds Bank building 4,650.00 Other real estate Due from banks Money on hand 2,202.50 Bonds left for safe keeping 18,450.00 Total assets The receiver has listed about 190 notes that were held by the bank on farm other loans ranging in amounts from $11,000 down to $100 These notes total the sum The Bank closed last March by Luther Symons, state bank commissioner, and the Citizens Bank was appointed receiver.


Article from Anderson Daily Bulletin, November 25, 1927

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Court News SUPERIOR COURT RECORD. vorce. Affidavit showing non-residence of defendant filed Notice or. dered returnable Jan. 20 Nickolas Messlam va. New York Chicago and St. Louis Railway Company, damages for false arrest. Jury returns verdict for defendant CIRCUIT COURT RECORD. National Exchange Bank VS Ches ter 8 Jonce, et al, note $125. Finding for plainter in sum of $90.10 principal and interest, and $9 attor. neys fees, to draw 8 percent interest. for sale of roal estate Petition by Belia Etchison for leave to amend Green and Sons Company YS. Ma sewer assumements Answer of Alvin Packing Company account and recelver. $38,000 Answer of Frazier Packing Company filed William H. May vs. Daniel W of defendant Brown filed Arthur W Brady, receiver Union Public Service Commission of India Motor Coach Com Fort to vacate and pame. enjoic order of Public Service for plaintiff on first paragraph of cigal and $56.88 attorneys fees. Finding for plaintiff in sum of $358. 75 principal and interest on fifth paragraph of complaint and $85 at fees cipal and interest, and $14.80 attorneys fees. S. Bank Jones K al, note $560 Finding for plaintiff in sum of $455 principal and interest and $60 attorneys fees. Judgment to draw percent inter est Citizens Bank YE Chester S. Jones, note $130 Rule against defendants to answer by Nov. 28 National Exchange Bank VS. Chester S. Jones, note $200. Finding for plaintiff in sum of $154 50 principal and interest and $15.40 attorneys fees. Judgment to draw 8 percent George Wilkinson VR. Viola Wilk inson. partition of real estate. Report of sale of real estate by com missioners approved State of Indiana ex rel Luther Lymons vs. Markleville State Bank receiver Answer of Metropolitan Life Insurance Company to petition of receiver to sell real estate filed. Inventory of property and assets Edgar M. Clark, administrator of the estate of Nellie Parsons, deceased vs. Raymond K. Parsons, et al. petition to sell real estate. Report of sale approved. Commercial Bank and Trust Com pany( as administrator of the estate Frank Adam et al, petition to sell real estate. Waiver and consent to sale by Elizabeth Adam Edward C. Adam. Kendallville Trust and Sav. ings Company. guardian, filed. Inventory and appraisement filed. Anministrator ordered to sell real estate without notice Citizens Bank vs. Chester S. Jones, et al, note, $130. Dismissed.


Article from The Anderson Herald, May 2, 1928

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SUITS FILED Circuit Court Citizens Bank, receiver for the Markleville State Bank Lulu Michell. to collect statutory liability steck. Citizens Bank, receiver for the Markleville State Bank, V8. Ruby Mitchell, colect statutory Hability on stock, $500. Citizens Bank, receiver. VS. Kenmeth Mitchell, -collect statutory liability on stock, $2,500. Fred Windlan VS. Earl Young, et al. damages: $600. Superior Court Alton Reynolds Delores Reynolds; divorce.


Article from Anderson Daily Bulletin, May 15, 1928

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Court News SUPERIOR COURT RECORD. Mary Jones VS. National Life and Accident Insurance Company, demand on insurance policy. Jury sworn to try cause. Evidence heard in part. Shelby H. Bentley V5. Edith Bentley, divorce. Cause continued until Tuesday May 17. Carl J. Anderson vs. the Pennsyl vania Railroad Company, damages, $600 Affidavit of defendant for change of venue from county filed CIRCUIT COURT RECORD Lee Stormm. administrator es tate of Magdaline Johnson et al., petition to sell real estate. Default of all defendants except Anderson Loan Association Finding for plaintiff that real estate should be sold to make assets. Appraisement by John Law and Sam Guard in sum of $1,800. Lee Stormm, administrator of es tate of Magdaline Johnson at al., petition to sell real estate Fred L. Goodrich VS. Lewis T. Stebbing, breach of contract Interrogatories by plaintiff to be answered by defendant filed. Motion by plaintiff to strike out interrogatorles and 11, inclusive. filed. Hugh Malone V8. Western Oil Refining Company, foreclose lien, $1. 190. Rule against defendants to answer by May 21. State of Indiana vs David Low. Motion by defendant to quash first Ideal Heating Company vs. Hee for D. Kirk et al., mechanic's lien. Separate answer of Sophrone Kirk filed. Separate answer of Hector D. Kirk filed. Counter claim of Hec tor D. Kirk filed. State of Indiana ex rel Luther Sy mons VS. Markleville State Bank receiver Petition of receiver for order of authority to sell real es tate. Notice to Mutual Life Insur ance Company ordered returnable May National Exchange Bank VS. M. P. Miller, note. Rule against de fendauts to answer by May 21. chael P. Miller. note. Rule against defendants to answer by May 21. LANDLADY'S HAZARD. Chicago, May 15.-There's a dis tinet hazard in being a landlary, especially when your tenant has police dog. Take the case of Mrs. Ostajkovich who had Ignacy Miotow. ski and his dog locked up because Iguacy set the dog upon her when she came to collect the rent.


Article from Anderson Daily Bulletin, February 11, 1929

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MARKLEVILLE BANK FAILURE DEPOSITORS WHO LOST MONEY CALL ON PROSECUTING ATTORNEY Grand Jury Action Is Next Probable Step RYAN ANNOUNCES HIS PLANS IN CONNECTION WITH THE BANK'S SUSPENSION Will Affidavits, Says, But will Present All Available Evidence To Members of Grand Oswald prosecuting attor the Madison grand which soon will be convened. the question of whether or not there any criminal liability on the part of bank officials for the failure of the State Bank. Markleville, the doors of which are now closed. Numerous persons who lost money through the failure of the bank have consulted the prosecuting torney, Mr. Ryan said, and urged made the mahagement existence. The closed by Luther Symons, bank March 1927. The Citizens Bank, of Anderson, was appointed receiver in circuit court, and the receivership suit brought in the same court by number depositors who money when the state banking department took over the institution, and are seeking to recover damages to coup at least portion of that loss. These complaints are directed against the seven members of the board of directors of the bank, had supervision of its affairs. GRAND JURY ACTION Prosecuting Attorney Ryan said today he has definitely decided on course he will regarding complaints which he says are being made him leged mismanagement of the bank's business affairs, and reputed failure of bank officials to do their duty. The state's attorney he will not file affidavits against any one official or other connection with the bank. He will, however, present the matter to the grand jury when meets, Mr. Ryan stated, and if any indictments are returned against bank officials, he will prosecute cases, "the prosecutor serted. Any evidence that furnished the grand will be by persons who lost money when the bank's doors were closed and its affairs placed in receivership hands


Article from The Anderson Herald, March 1, 1929

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COUNTY GRAND JURY PROBING BANK'S LOANS Residents of Markleville and Adams Township Will Give Testimony. KILLING TO BE PROBED Prosecuting Attorney Will Indictment Against Colored Prisoner. Investigation of the affairs of the Markleville state bank preceeding failure two years ago today will completed this morning by the Madicounty grand Jury. number witnesses were heard yesterday, all them being residents of Mar kleville and Adams township except Neel president of the Citizens The zens Bank is receiver for the defunct institution. The grand gave Frank former cashier the Markleville bank, and his assistant, Terrel Ham. former assistant cashier now employed by the Delco-Remy Corp. this city an opportunity to appear before the grand jury. waive their constitutional rights, and make statements. Ham availed himself of this Staggs, coach. opportunity, appeared and testified. The probe being conducted by Prosecuting Attorney Oswald Ryan. Scrutinize Bad Loans. will be the last season for Staggs The jurors said to be investigating reports that officers of the bank made loans without security. The identity of the witnesses who have been subpoenaed indicates that AIRCRAFT COMPANY these loans are being carefully investigated. It is said that six seven bad loans were responsible for VACATES OLD FIELD collapse and its BUSpension by Luther Symons, state bank examiner. With the bank failure investiga- Progress Made On New Airport and Plane Factory. negro stabbing that occurred the night of Sunday, December The Orin Welch Aircraft Company at the residence of Bernice John- yesterday completed moving from in the Irondale addition. Elmer the old field of the city to new Roundtree, the victim, is supposed site bought recently south of Anderhave been killed by his host folstate road number 67. Good lowing day of carousal and the re- son on futal one of the parties pay weather which has prevailed during debt contracted card game. the week made It possible for the Johnson has since been hed prisoncompany to get off the land before er in the Madison county jail. March 1, the date which lease held It was learned last night that some expired (Continued On Page Three) Work of rebuilding the old dairy


Article from The Anderson Herald, June 14, 1929

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Nothing to Say Despite his scandalous reputation for frank speech, "Old Soak" arrived in New York enroute to join his master, Secretary of State Stimson, but had nothing to say for publication. His stock retort to every question was "Pretty Polly," which is without doubt the essence of diplomacy. returnable June 28. Summons for Anderson Loan association and Standard Loan and Savings association to sheriff of Madison county, returnable June 28, Ralph C. Hughes, Eweda Hughes vs, George T. Popplewell. et al: bill of interpleader. Answer of plainliffs to cross-complaint of Van H Osborne filed. Cause assigned for trial, July 18. Boys Inc Orville Robimissed Citizens Bank, receiver for the Markleville State Bank, VS. Charles E. Hardy et al: damages. Motion to strike out parts of complaint filed Roy Ridenour VS. Luther Harris Pearl Harris: note, alias summons for defendants ordered returnable June 29. Superior Court Gilbert A. Hoppes vs. William A Welker. George Welker; possession dismissed. Maggie A. Woolums VS. William Woolums: divorce. Defendant restrained from selling or encumber ing any of his property. Citation ordered returnable June 17. Peterson Lumber and Coal Co. vs. William H. Dennis, Anna Dennis: account Plaintiff's answer to interrogatories filed. Anderson Loan Association vs Ole E. Sutton, et al; note. Cleon W. Mount accepts jurisdiction as special judge, July 8 fixed as date to close issues. Glenn H. Garner VS. Connie M Garner; divorce. Plea in abatement filed by defendant. Samuel J. Riley VS. Cletus Saunders: commission. Amended com plaint filed. Farmers Trust Co. VS. Zeigler Mtg. Co.: receiver. Final report examined and approved. Receiver discharged. Kathleen Thompson V8. Carl Thompson: divorce. cross-complaint of defendant filed. Answer to complaint In general denial filed. Virgil Wallace VS. Erma Wallace: divorce. Answer in general denial and cross-complaint filed. Olive Davis vs. Williams Leavell. et al: partition. Report of sale of real estate filed and approved. Deed ordered, reported and approved.


Article from The Alexandria Times-Tribune, September 15, 1929

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DISMISSAL OF SUITS CLEARS COURT DOCKET The circuit court docket was given another bit of housecleaningwhen Judge Morrow orders in the following cases Stanley G. Buxton vs. John J. Armond, note; Dan Silvers VS. Betty Sylvester, Wm. Frank Fuller, judgment; Citizens Bank, receiver, for the Markleville State Bank, vs. Lundy Brumfield, receiver; The Farmers and First National Bank of Newcastle vs. National Exchange Bank of Anderson, judgment; National Exchange Bank of Anderson vs. Myrtle Brown, Phoebe Longaker, note; Madison County Trust Co. VS. Daisy Fox, note; Mellett Printing Co. vs. Frank L. Scanlon, account; The Commercial Bank vs. Daniel Brown, Phoebe Longaker, note; Charles E. Strout vs. Edward Lyst et al, damage to goods; George Keiser & Co. vs. Clyde A. Hubbard, account; Anderson Hudson-Essex Co, vs. Glenn Scott, foreclose automobile lien; Ella McKinzie vs. Charles Flanagan; Webb O. Vernon vs. Sam Jones; Joseph Sobel vs. Karl Howard, ejectment; Rufus D. Smith vs. William Dickson et al, foreclose lien; William R. Jones vs. Horace E. Laws et al, foreclose mortgage; Columbia Securities Co. vs Tracy Miller et al, foreclose mortgage; Ex-parte Madison Trust Real Estate Co., vacate parts of alley; Grace A. Baldwin vs. Charles A. Thornburg, as superintendent of the Madison County Orphans


Article from The Anderson Herald, October 1, 1929

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DEFENDANTS DEMUR TO COMPLAINTS FILED BY RECEIVER FOR BANK ASSESSMENTS RESISTED STOCKHOLDERS Continuance Taken in Trial Of Suit Against Hope State Bank. THREE JURIES SELECTED Wills Admitted to Probate By Judge Morrow: Shay Drain Established. A receiver bank has no author ity under the law or the constitution to make an against stockholders bank collect statutory on stock. Attorney Campbell demurrers which were filed yesterday to com. plaints filed May by the CitiBank receiver for the Markleville State Bank against Kenneth and Ruby Mitchell Middletown rural Lulu Dobson Anderson Defendants in the suits were the owners capital stock Markleville bank which closed March 1927, by Luther Symons. examiner Affairs the institution were placed in the hands of the Citizens bank. as receiver and the ceiver then undertook to collect $300 from Mrs. Dobson and and $500 respectively from Kenneth and Ruby Mitchell these amounts being equal the amounts the stockholders lost in the collapse of the bank State law provides the stockholders are liable for double the amount the stock they own bank, but torney Campbell asserts that such assessment made must made while the bank going conMorrow demurrers of the defend- TRIAL taken in circuit trial suit brought by Spahr against the Hope State case is now set for trial November Illness the bank, who one of the caused the delay. for Republic Company which following the certificates of the to finance the totcompany The bank certificates are frauduthat they were issued therefore void originally filed in Martaken Hancock trial resulted in the defendants trial was granted brought here evidence will be heard by MATTERS Morrow admitted three wills circuit court Samuel Mattox former North Anderson, bequeaths the estate to the widow, May Mattox the remaining two thirds is given to daughter, Carrie Balew Harry Hurst Jacob Mowery Huntsville, is given the household goods real estate was held joint with his deceased wife Rachael Mowery, and the residue estate bequeathed son. Ray Lamb and daughter, Hazel Cook The will of Samuel Rhoods, former Anderson wagon manufacturer, gives his entire estate to his Electa Rhoods, to hold during her lifetime Rhoods thirds the estate will revert to daughter, Clara Rhoods, and one third granddaughter Warrene RhoodsFisher will bears the date July 1919


Article from The Anderson Herald, October 29, 1929

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MAKES RULINGS OFIMPORTANCE Overrules Demurrers to Complaint In Markleville Bank Case. SUIT DEMANDS $4,000 Injury of Kokomo High School Football Players In Bus Mishap Recalled. Judge Carl F. Morrow made a number of important rulings Monday in cases pending in circuit court. The court overruled demurrers filed by defendants in & suit brought by the Citizens Bank, as receiver, against the directors of the defunct Markleville State Bank. motion filed by attorneys for Charles E. Miller, rubber manufacturer, to strike out certain parts of a complaint filed by Gustav Jordon against Miller in an attempt to recover $100,000 for alleged alienation of the affections of his former wife, Clara Jordan, was sustained by Judge Morrow Complaints filed by Leonard Furnish and George Lelius in separate suits against city of Anderson for damages out of accidents must be reformed under rulings made by Judge Morrow. SUIT ASKS $4,000. Suits was filed in circuit court Monday by Willis B. Dye, Kokomo, demanding $4,000 damages for burns and injuries sustained by his son, Thomas Dye, in a motor bus collision that occurred on the outskirts of the city of Mishawaka, October 29, 1927. The suit was brought against Arthur W. Brady, receiver for the Union Traction Company of Indiana, and Raymond R. Smith, receiver for the Chicago, South Bend and Northern Indiana Railway Company. The complaint states that the Union Traction Company entered into an agreement to transport the Kokomo high school football team, of which young Dye was member, from Kokomo to Elkhart, in one of the company's motor buses. The bus bename disabled and arrangements were made for the football team to make the return trip in bus owned by the Chicago, South Bend and Northern Indiana Railway Company. At the edge of Mishawaka the bus collided with a pole supporting high voltage electric wire. The young football player was shocked by being thrown into contact with a wire and was permanently injured. the father asserts. Wolfe. Roll & Spenk, Kokomo. are attorneys for the plaintiff. OPEN PYLE ESTATE. The estate of the late Samuel J. Fyle, consisting of $2,000 personal property, was opened yesterday in circuit court. The widow, Montie E. Pyle qualified as administratrix to settle the estate. DIVORCE CASES. to more receiver for the M. Hardy, al; Demurrer to complaint by each defendant overruled. Superior Court Dorance Markland vs. Jessie Markland; divorce. Defendant defaulted. Prosecutor ruled to defend. Cause submitted. Evidence heard PlainLiff granted disorce. Costs vs. plainCarrie Thompson vs. Roy Thompson; divorce. Answer of defendant in general denial filed. Cause submitted. Evidence heard. Plaintiff granted divorce and custody of the minor children. Defendant ordered to pay $10 per week as support. Court confirms property agreement. Costs VS. defendant. Judgment. Elsie Boring vs. Dallas Boring: divorce. Defendant defaulted. Plaintiff granted divorce. Custody of child given to the paternal grandmother. Costs VS. defendant. Judgment. Allen Burns vs. Elizabeth Burns; divorce. Defendant defaulted Plaintiff granted divorce. Costs vs. plainEtta O. Bryant vs. Jesse W. Ellis. Thomas P. Ellis: note. Alias summons for Jesse W. Ellis sent to sheriff of Delaware county, returnable November 17.


Article from The Indianapolis Times, October 18, 1930

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Closed Bank Has Balance Bu Times Special ANDERSON, Ind., Oct. 18.Operation of the Markleville State bank from March 1, 1927, when it was closed by the state banking department, to Sept. 30, this year, is shown in a report filed in Madison circuit court by Neel M. McCullough, receiver. Receipts were $130,116.16, while disbursements totaled $120,405, leaving a balance of $9,811.97. The figures do not include $79,000 worth of real estate owned by the bank. The institution had 590 depositors, with savings totaling $94,172.81. The depositors have been paid $40,004.34 as a partial distribution.


Article from The Indianapolis Times, November 19, 1930

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Bank's Building Sold By Times Special MARKLEVILLE, Ind., Nov. 19.The Markleville State bank building has been sold at auction to J. E. Edwards, Anderson, for $2,700. The bank was closed three years ago when the state banking commissioner filed action for receivership. Sale of the building was ordered by Judge Carl F. Morrow of Madison circuit court.


Article from The Anderson Herald, January 14, 1931

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Court House News The Railroad Coompany pay the Ohio mers Company following compromise effected yesterday three suits that in circuit court July 30, 1930. Sparks from the engine of Pennsylvania train set dry pasture Charles Ollie Quick, Frankton, and barn destroyed. The paid the company claims growing out the fire and then instituted suits to recoup loss. RECEIVERSHIP CREATED Chester Thomas appointed celver the Urmston Grain Seed against which Robinson Lumber Company, Alexandria, brought collect $335 account. Leroy Urmston. president of grain and company, sented the receivership ceiver was directed by Judge Morrow take charge the property and operate business under orders court. SUITS FILED Circuit Court Robinson Lumber Urmston Grain Seed receiver House John Good, al; quiet Superior Court Norma Brumback her next friend. Hildred McGuire, VS. John divorce Meyer Raymond check, Helen Harrison vs. Arthur HarriElwood Lumber Co. vs. Ira $67.25 COURT MINUTES Circuit Court The Furniture Co. the Co.: account Report sale of accounts receivable approved. Stephen M. Davis W. Balley petition Western Brick Co filed Clyde John title ordered publication, March State of Indiana Luther ex Symons Markleville State Bank: receiver. for John Younkin, in the the of Elwood Metal Co. tral Indiana Railway damages Dismissed. Crouch and Foster Horace Manifold Defendant defaulted Cause Evidence heard Finding for plaintiff Judgment per cent. Costs vs. defendant Ollie Ohio Farmers damages. Cause ted. heard. Finding for plaintiffs sum of $785. Costs defendants Judgment. Charles R. Quick, PennRailroad Cause submitted Evidence heard Finding for plaintiff sum of $275 Costs Judgment Charles Quick, Pennsylvania Railroad Co., ali\damages. Cause submitted Evidence heard. Finding for plaintiffs sum $640 Costs defendants Judgment John M. Wise. executor the will George Shipley, Mary Shipley, sell real estate. Real estate ordered sold public sale. Robinson Lumber Urmston Grain and Seed Co.: receiver. ChesThomas appointed receiver.


Article from Anderson Daily Bulletin, December 18, 1931

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SUPERIOR COURT RECORD James Griffin Charles Kosinski, damages, $200. Evidence heard concluded. CIRCUIT COURT RECORD Holland Furnace Lulu Wittebort, al, foreclose lien. Finding for plaintiff. Neosha Mead Emmett Johnson, damages, $500. Finding for plaintiff sum $200. Charles W. Vernon Don Fausforeclose lien. Finding plaintiff in sum of plainhas lien. James Hackleman vs. Everett Gircancel real estate contract. Motrial overruled. Roy Faust, Raymond Faust Floyd Benefiel, note. Finding for plaintiff of principal and interest attorney Oscar Porter Perley Bowlien. Finding for defendant. State of Indiana, rel, Luther Symons Markleville State Bank, receiver. Attorneys for receiver lowed $1,000. George Martin Old Trails Insurance Co., damages. Finding plaintiff in of Exchange Bank Blanche note. Finding plaintiff of $1,711 principal and $175 fees. Homer Harrison Wolf, petition to sell real Report of sale of real estate Deed Everett McDaniels, trustee in for Grover vs. Grover Gelsey, set aside deed. for Minnie Brewer vs. Zula Small partition of real estate. Final report commissioner approved. Farmers State Bank, administratthe estate Alpheus H. Shields, petition to real estate. Report of sale of real estate filed. Citizens Banking Co., liquidat agent for the Citizens Corporation, to take charge the property.


Article from The Anderson Herald, May 29, 1932

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OLD BANK SUIT TO BE DROPPED Receiver Moves to Dismiss Demand on Directors. Dismissal of suit brought three ago against nine directors of the defunct Markleville State Bank by the Citizens Bank, as receiver, was asked in motion filed circuit court yesterday by attorneys for the receiver The suit had been brought to recover money by depositors when the Markleville bank failed. The amount was about $60,000. Negligence in the conduct of the bank's affairs was alleged in the complaint. In meantime. attorneys for the plaintiff have withdrawn from the case. The motion for dismissal. filed by the law firm of Bagot, Free Morrow, probably will be sustained by Judge Lawrence Busby this week unless unforseen objections arise. Those who were made defendants in the suit are Charles M. Hardy, Harry Hardy, Ulysses Lewis, Frank Staley, Ross Hamm, George Rittenour. Quincy Markle, Walter Stohler and Elmer J. Hardy. ASSAULT TRIAL CALLED. Judge Busby has called the circuit court jury into service Tuesday morning for trial of Francis Ogle, of Elwood, who charged with criminal assault on Nelle Manis of this city. WILL PROBATED The will of Mrs. Mattie Stinson was admitted to probate yesterday in circuit court. The husband, George Stinson, directed to receive his deceased share of the estate long as he remains single. In the event he should terms of the will, the estate is to be transferred immediately to Roy Ringo. The instrument was witnessed Jan. 23, 1931. PADLOCK CASE. Padlock proceedings that are pending in Delaware circuit court against Sam and Ada Thornbury, alleged bottleggers Muncie, will be heard June by Judge Busby, who has been selected as special judge. The hearing has been twice because of other business in the Delaware county court. SUITS FILED Circuit Court. The Federal Land Bank of Louisville VS. Rubie R. Apple, Grace Apple, Gilbert Mary Dowden, Albert Dowden, Pearl Dowden, Walter A. Windell, George C. Keller, Pendleton Trust Pendleton Banking Co, George M. Vandergrift, Gladys Vendergrift. George W. Vandergrift and Cora B. Vandergrift, suit to foreclose mortgage. Joseph T. Day. Josephine Etchison VB. Roy Etchison; divorce. George O. Chambers. Superior Court. Lapel Savings Loan Assn. vs. Jesse Whitecotton, Bertha Whitecotton; foreclose mortgage. Clarence O. Davisson. COURT MINUTES Circuit Court. John Davis as guardian of person and estate of Samuel H. Jones Milton H Blacklidge and Farmers State Bank of Summitville, suit on note and to foreclose mortgage. Answer of Farmers State Bank filed. Answer of plaintiff of Farmers State Bank filed. Default of Milton H. Blacklidge taken. Jacob Long vs. Shirl Brunson al: finding for plaintiff in sum of $43.12 against Shirl Brunson. Finding for all other defendants. Charles Carey VS. Nicholas Mesalm. $20,000 damages. Plaintiff's amended complaint filed. Mary E. Cree vs. Robert H. Cree: divorce. Answer of prosecuting attorney filed. Fee paid. Citizens Bank, receiver for Markleville State Bank vs. Charles M Hardy al; Motion by plaintiff to dismiss cause of action filed. Rilla Fesler VS. George E. Fesler: divorce. Plaintiff answers to defendant's motion modify State vs. Joseph Reagan; manslaughter. Finding of jury for defendant.