1.
February 14, 1929
The Messenger
Madisonville, KY
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BANKS CRASH AFTER RUNS TAKE FUNDS
Six Indiana Institutions Topple and Receivers Are Sought.
BLUFFTON, Ind., Feb. Union Savings Trust Company, the only remaining bank in Bluffton, closed this morning after $500,000 run yesterday. The Farmers Deposit Bank of Montpelier closed due, was said here, to $500,000 run yesterday. Four banks Wells county closed yesterday. President Fred of Tangeman, the Union Savings Trust Company, said his bank was solvent, and he hoped to reopen the institution after the usual sixty days for reorganization.
Insolvent, Claim. Following the closing of four Wells county banks yesterday, Luther Symons, state bank commissioner, appeared in circuit court with two petitions asking that receivers be appointed for the Wells County State bank, of Bluffton, and the State Bank of Uniondale, two of the institutions that closed. The bank of Petroleum and the Liberty State bank also suspended operations. The petitions set out that examinations by the banking department the Well County State bank of Uniondale failing and insolvent Judge W. Hamilton set February 21 as the date for hearings on the petitions. The Wells bank County was capitalized at $100,000 and showdeposits of $1,250,000. The Union Savings and Trust company now is the only bank in Bluffton. The Studebaker bank failed in 1927, with deposits of $1,500,000. Receivers as yet have made no payments on deposits.
2.
February 14, 1929
The Republic
Columbus, IN
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FIFTH BANK TO FAIL IN WELLS COUNTY
Bluffton Institution, Also One Near Blackford Border, Closed Today.
HEAVY RUNS ARE CAUSE
OF UNION TRUST CO. HOPE TO REOPEN AFTER THEY
Ind., Feb. Union Savings Trust the closed its doors this after $50,000 yesterday. The Deposit Bank on the county line, also closed this morning, said to an $18,000 yesterday. Four banks in county closed yesterday. Fred Tangeman, president the Union Savings Trust Co., Thomas Barr. examiner, the closing was due the bank and that institution solvent. Officers directors said they expected take advantage of the permitted by law to reorganize, hoped re-open. Union ings Trust had deposits of $800,000. Yesterday the Wells County State bank, with deposits of 000, closed. few hours later, the state bank Uniondale closed. Petitions were filed in the circuit court asking receivers for both banks, alleging they were "failing and condition." The of Petroleum and the Liberty Center state bank closed yesterday. The three smaller banks cleared through the Wells county bank. The Farmers Deposit Bank Montpelier had deposits of approximately $500,000. The state banks at Poneto and Craigville and Farmers State bank at Ossian, other the open. The Zanesville State Bank the Harkle State Bank, line,
3.
February 14, 1929
The Indianapolis Times
Indianapolis, IN
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TWO ADDED TO CLOSED BANK LIST IN STATE Includes Another Bluffton Institution and One at Montpelier. TOTAL STANDS AT SIX Receivership Plea of Examiners to Be Heard Feb. 21. By Times Special BLUFFTON, Ind., Feb. 14.-The number of banks closed as the result of the failure Wednesday of the Wells County State bank of Bluffton was increased to five today when the Union Savings and Trust Company of Bluffton and the Farmers' Deposit bank of Montpelier failed to open for business. Both were closed as a precautionary measure by their directors after runs, induced by the three previous bank failures, mounted to large figures. $68,000 Withdrawn A run of $50,000 was made on the Union institution Wednesday, according to Fred J. Pangeman, president, while Guy Bracken, president of the Montpelier bank, reported withdrawals of $18,000. Both officials reported that their institutions were solvent, but said that after a conference with Thomas D. Barr, assistant state bank commissioner, they decided it would be unwise to open in view of the attitude of the public. The state banking department has taken charge of all five institutions. Receivers Asked Hearings on petitions asking appointment of receivers for two of the five banks have been set here for Feb. 21, by Circuit Judge A. W. Hamilton. Receivers are asked for the Wells County State bank of Uniondale. The others closed Wednesday are the Bank of Petroleum and the Liberty Center State bank. Investigation of the banks is being made by seven state examiners, assigned by Luther F. Symons, state bank commissioner and working under direction of Barr. Symons said he was unable as yet to say whether deposits of $1,250,000 in the bank at Bluffton are safe. He indicated there is a possibility that the bank may be reorganized.
4.
February 14, 1929
Evening Star
Washington, DC
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$50,000 RUN CAUSES BANK TO CLOSE DOORS Bluffton, Ind., Officers Hope to Effect Reorganization Within Sixty Days. By the Associated Press. BLUFFTON, Ind., February 14.-The Union Savings & Trust Co., the only remaining bank in Bluffton, closed its doors this morning after a $50,000 run yesterday. The Farmers' Deposit Bank of Montpelier, on the Wells-Blackford County line, with deposits of $500,000, also closed this morning, due, it was said, to an $18,000 run yesterday. Four banks in Wells County closed yesterday. Fred J. Tangeman, president of the Union Savings & Trust Co., and Thomas Barr, State bank examiner, said the bank was solvent. Officers said they expected to take advantage of the 60 days permitted by law to effect a reorganization and then hoped to reopen. The bank had deposits of approximately $800,000. Yesterday the Wells County Bank, with deposits of $1,250,000, was closed. A few hours later the State Bank of Uniondale closed. Petitions were filed in Circuit Court here asking for receivers for both institutions, alleging they were "in a failing and insolvent condition." The Bank of Petroleum and the Liberty Center State Bank also closed yesterday. The three smaller banks cleared through the Wells County bank.
5.
February 14, 1929
Argus-Leader
Sioux Falls, SD
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Run Forces Last Bank in Indiana City to Close Up
Bluffton, Ind., Feb. Union Savings and company, the remaining bank in Bluffton, closed its doors this morning after $50,000 run The Farmers Deposit bank of Montpelier, on the WellsBlackford county with deposits $500,000 closed morning, due was an run Four banks in Wells county closed yesterday.
6.
February 14, 1929
The South Bend Tribune
South Bend, IN
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LAST BLUFFTON BANK IS CLOSED
Six Institutions in One Indiana County Shut Within 24 Hours.
Associated BLUFFTON, Ind., Feb 14. The Union Savings & Trust company, the only remaining bank in Bluffton, closed its doors this morning after Wednesday. The Farmers Deposit bank of Montpelier, on the Wells-Blackford county line, also closed this morning. said to Wednesday. Four in Wells county closed Wednesday Fred president of the Union Savings Trust company, and Thomas state bank examiner, said the closing was due to the run on the bank and that was entirely solvent. Officers and directors said they expected to the 60 days permitted by effect and then hoped to reopen. The Union Savings Trust had deposits of approxiWednesday the Wells County bank, with deposits of closed. few hours later the bank Uniondale closed. Petitions were filed in circuit court here asking for ceivers for both institutions, alleging they were failing and insolvent condition. The Bank Petroleum and the Liberty Center State bank also closed Wednesday. The smaller banks cleared through the Wells County Guy Bracken is president of the Farmers Deposit of Montpelier. had deposits of approximately The state banks at Poneto and Craigville and the Farmers State bank Ossian, other banks in the county, still are open.
SANITARIUM SUES ACTRESS.
LOS Calif., Feb. Alma Rubens. film actress. convalescing in sanitarium following nervous breakdown. has been made defendant $105 suit by another sanitarium, alleging nonpayment for
7.
February 14, 1929
Evening star
Washington, DC
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RUN CAUSES BANK TO CLOSE DOORS
Bluffton, Ind., Officers Hope to Effect Reorganization Within Sixty Days.
By Ind., February Union Savings Trust the only bank Bluffton, closed its doors morning after a $50,000 run yesterday. Farmers' Deposit Bank of Montpelier, Wells-Blackford County line, with deposits of $500,000, closed this morning, due, was said, to an $18,000 run yesterday. Four banks in Wells County closed yesterday. Fred Tangeman, president of the Union Trust Thomas Barr, State bank examiner, the bank was solvent. Officers said they expected to take advantage the by law to and to deposits of apYesterday the Wells County Bank, with deposits few hours State Bank filed Circuit Court for for alleging they "in failing insolvent condition. The Bank of Petroleum and the Liberty Center State Bank three cleared through the Wells County bank.
8.
February 14, 1929
The Times-Mail
Bedford, IN
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RETURN EPIDEMIC Soon to be Arraigned in Circuit Court
Grand Larceny Charge
Sheriff Tyree arrived home this morning over the Monon on train from Detroit, having in custody William Covey who wanted here on charge of grand larceny. Covey was arrested in Detroit Monday on Lawrence county warrant and Sheriff ree left to after him Tuesday ternoon. will probably be arraignbefore Judge James Cox in the Lawrence circuit court late today Covey is alleged to be member of the quartet which entered and robbed Homer George Store at Peerless October Lawrence Hillenburg and Glenn Kinder, two of the members of the robber gang now serving penfarm sentences inflicted by Judge Cox after they pleaded guilty grand larceny charges during the Determ the Lawrence circuit court and Orlando Cazee, the fourth given an indeterminate reformatory sentence of from to 10 morning when he pleaded guilty to grand larceny charge. Cazee was arrested by local police early Tuesday morning while hiding in the home of here. Both Cazee and Covhad been fugitives from justice for three months.
STATE BANKING CIRCLES AS SEVEN INSTITUTIONS CLOSE DOORS DAY
OFFICIALS
Declare Panics Were Without Justification and Attempt to Halt Mad Rushes
INDIANAPOLIS, Ind., Feb. An epidemic of bank crashes which reached total of seven in the last hours, today rocked Indiana banking circles. Six of the bank suspensions were due to mad panic that started at Bluffton in Wells county. The seventh bank closing was blamed on an leged $100,000 deflation by cashier.
With the mad frenzy spreading from Wells county to adjoining ties, every possible effort was made by state banking officials and by the bankers in the affected districts allay the public fear. Community mass meetings were beresorted to in some towns to list citizens to help their banks weather the crisis. "Everybody seems to have lost his sense of proportion," Thomas Barr, assistant state banking commissionwho was hurried to Bluffton in person, declared upon arriving there and looking over the situation. runs on most of the banks have been without Barr refused to comment on the possible further spread of the panic that has paralyzed business in Wells county. Virtually the entire force of the state banking department musterinto the field today to help endangered banks to stem the frenzy that has been spreading from Bluffton all directions. Meanwhile all business lay paralyzin Wells county. The banks still operating were demanding 30 and day notices on withdrawals. The panic at Bluffton had its confidence banking institutions resulting from heavy losses incurred in the $1,400,000 failure there on March 1927, of the Studebaker state bank, one of the oldest banks in Indiana. Ralph Etudebaker Todd, 45, president of this bank, shot and killed himself after the bank was closed. A run on the Wells county state bank Bluffton forced that bank which had deposits of $1,250,000 suspend yesterday morning. This was followed by runs on the Union Savings & Trust Company at Bluffton and on other banks in the counBefore the day was four other banks had shut down, one, the Poneto State Bank, closing for only half day and reopening this morning.
When the Union Savings & Trust Company of Bluffton failed to open its doors today, the panic spread from Wells county to Blackford county and forced the farmers deposit bank Montpelier close. Meanwhile the board of directors of the Citizens National Bank at Bartholomew county, ordered the bank closed today after Utt, federal bank examiner found an leged $100,000 shortage in the counts of Cashier Stewart. The seven banks closed in Indiana since yesterday morning and their deposits follow: Well County State Bank of Bluffton, $1,250,000. Union Savings Trust Company Bluffton, $400,000. Uniondale State Bank of Uniondale, $230,000. Liberty Center State Bank of Center, Bank of Petroleum at Petroleum, $155,000. Farmers Deposit Bank of Montpelfier, $610,000. Citizens National Bank of Hope, $400,000.
INDIANAPOLIS, Ind., Feb. In commenting today upon the closing of seven Indiana banks since yesterday morning with total deposits of Luther Symmons, state banking commissioner, said: general banking situation Indiana is hopleful and should not be affected by local conditions in Wells county."
9.
February 14, 1929
Anderson Daily Bulletin
Anderson, IN
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BLUFFTONBANK CLOSES TODAY
UNION SAVINGS AND COMPANY CLOSES FOLLOWING $50,000 RUN
Montpelier Bank Also Is Closed
FOUR BANKS IN WELLS COUNTY SHUT THEIR DOORS YESTERDAY
Depositors In Banks Of Wells And Blackford Counties Become Alarmed Over Failures And Withdraw Funds
Bluffton, Ind., Union Savings and Trust Company. the only remaining bank in Bluffton. closed its doors this morning after $50,000 run yesterday. The Farmers Deposit Bank Montpeller, on the county line, also closed this morning. due, was said, to an $18,000 run yesterday. Four banks in Wells county closed yesterday Fred Tangeman, president of the and Trust and Thomas Barr, state bank examsaid closing was due to the run on the bank and that en tirely solvent. Officers and direct ors said they expected to take advantage of the sixty days permitted by effect and then hoped reopen. The Union Savings Trust deposits of approximately $800,000. STARTED YESTERDAY
Yesterday the Wells County Bank. with deposits $1,250,000. clos few hours later. the State Bank closed Petitions the circuit court asking for for both institutions. alleging they failcondition. The Bank of Petroleum Liberty Center State Bank also closThe three smaller banks cleared through the Bank Guy Bracken president of the Farmers Deposit Bank Montpeller had deposits of approximately $500,000 The state banks Poneto and Craigville and Farmers State Bank Ossian, other banks the ville State Bank and the Markle State Bank, on the county line, also
10.
February 15, 1929
The Indianapolis Star
Indianapolis, IN
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BANKS SHUT
Heavy Run Also Closes One in Meeting Called.
The closing of the and Trust Company of and the failure the Deposit bank Montpelier morning made total of five banks closed county and the line Blackford county within two days. mass meeting of citizens has been called enlist aid opening bank here to carry on business.
A $50,000 on the Union Savings and Trust Company yesterday was said to responsible for the closing that institution and an $18,000 run on the Montpelier bank prevented its opening today Fred Tangeman, president of the Union bank, declared that the bank entirely solvent and that directors hoped to reopen the institution in due time without loss to depositors The bank had deposits of approximately $1,The Farmers Deposit bank had deposits of approximtely $50,000. Guy Bracken is president. Four Closed Wednesday. The Wells County bank, with deposits of closed yesterday State Bank of closed. Petitions for were filed the Circuit court here late yesterday for both banks. The Bank of Petroleum and the Liberty Center State bank also closed
OLD FAILURE BLAMED. Luther F. Symons. state bank comyesterday issued the folstatement "The banking situation in Wells county has largely continual growout failure of the about two rumors been persistently circulated that have undermined public confidence in that my opinion that the most, If closed banks will come out their present difficulty with very little, if any loss to the deThe stability the banking situation in state should affected by the conditions in Wells county
11.
February 15, 1929
Baker City Herald
Baker City, OR
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FOUR INDIANA BANKS FAIL
BLUFFTON. Ind., Feb. The Union Savings Trust comthe only remaining bank in Bluffton. closed its doors today ter $50,000 run The Farmers' Deposit bank of Montpelier, with deposits of $500,000, also closed today, said. to an 000 run. Four banks in Wells counhave closed.
12.
February 15, 1929
The Richmond Item
Richmond, IN
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SIX BANKS CLOSED IN WELLS COUNTY
(By The Associated Press BLUFFTO Ind., Feb. 14.-The closing of the Union Savings and Trust of Bluffton and the failure of the Farmers' Deposit bank of Montpelier to open this morning, made total of six banks closed in Wells county within two days. A mass meeting of citizens has been called to enlist aid in opening a bank here carry on business. $50,000 run on the Union Savings and Trust company was said to be responsible for the closing of that institution, and an $18,000 run on the Montpelier bank prevented its opening today. Fred Tangeman, president of the Union bank, declared that the bank was entirely solvent and that directors hoped to reopen the institution in due time without loss to depositors or stockholders, The bank had deposits of approximately The Farmers Deposit bank had deposits of approximately $500,000. Guy Bracken is president. The Wells county bank. with deposits of $1 closed yesterday morning and a few hours later the state bank of Uniondale closed. Petitions for filed in the circuit court here late yesterday for both banks The bank of Petroleum and the Liberty Center state bank also closed yesterday Luther F. Symons, state bank at Indianapolis today, declared that the stability of the banking situation in the state should not be affected by the various banks in Wells counHe said the situation here had been brought about by the continual agitation of banking problems grow. ing out of the Studebaker bank failure two years ago. He said was his opinion that most, if not all of the banks would come out of their present difficulty with very little. If any loss to the
CONSTABLE SHOT Herman Kelm. 52, special constable, probably fatally wounded late this afternoon when he attempted to serve warrant on Orra Hart Hart shot the constable three times, the bullets penetrating his abdomen back Kelm former patrolman on the Lafayette police force.
13.
February 15, 1929
The Star Press
Muncie, IN
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BLUFFTON NOW WITHOUT BANK
Remaining Institution Closes Opened.
Bluffton. Ind., Feb. 14 closing of the Union Savings Trust Company, of Bluffton, and the failure of the Farmers Deposit Bank. of Montpelier, to open this morning, made total of six banks closed in Wells County within two days. mass meeting of citizens has A been called to enlist aid in opening bank carry on business. Run Closes Montpelier Bank. on Union SavTrust Company was responsible the closing that institution, the Montpelier bank prevented its opening Fred Tangeman, of the Union Bank, that the bank entirely solvent that direcreopen the institution time without depositors The bank had posits The Deposit Bank had posits $500,000. Guy Bracken president. Stability State Banks Safe. The Wells County bank, with posits of closed and few hours later the State Uniondale closed. titions for filed in the Circuit Court here late Bank Petroleum and the Liberty Center State bank closed Luther Symons, state bank commissioner, statement issued Indianapolis today, declared that the stability the banking situation state should not affected various banks Wells County. here had been brought by continual agitation banking growing years said his opinion most, not the banks come out their with little, any, to the depositors. Mass Meeting Friday Night. were of members local service clubs. mass meeting the large auditorium building here Friday night, purpose enlisting the public adopting attitude of confidence toward solvent banks Continued Sixth Page.
14.
February 15, 1929
Chicago Tribune
Chicago, IL
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WARNING ISSUED AS MORE BANKS IN INDIANA FAIL
Indianapolis, Ind., Feb. 14.-[SpeFollowing the closing today of more banks, Luther F. Symons, state bank commissioner, tonight Issued a statement asserting that the general stability of Indiana banks is assured, and urging depositors not to spread rumors that might cause runs. Not a bank in Bluffton, Ind., remains open, and only the Craigsville State bank, the Farmers State bank, at Ossian, and the State Pank of Poneto, remain open in that county. Wells County bank was closed yesterday, and the Union Savings and Trust company was closed today. State banks are also closed in Wells county at Petroleum, Liberty Center, and Uniondale, and Farmers' Deposit bank, at Montpelier, nearby, was also closed today. The Citizens' National bank, at Hope, was closed today and Herman A. Stewart, age arrested, charged with embezzlement. The Studebaker bank failure, at Bluffton, started the wholesale collapse there. Sullivan authorities tonight they have received a tip that James Lang, president of the Citizens' Trust company there, who absconded some time ago with several thousand dollars, wrecking the inAll druggists. stitution, has been traced to the Pacific Coal. The numerous Indiana failures are laid to crooked bank officials, negligence on the part of the official examiners, public hysteria, and straightened circumstances in rural areas.
HELD ON BAD CHECK CHARGE.
Robert Benedict, 24 years old. manof the Evanston the Wilms Electric ager company 1616 Chicago avenue. Evanston. was taken into custody with yesterday by Evanston police and charged worthless checks amounting
15.
February 15, 1929
The Hustler
Madisonville, KY
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BANKS CRASH AFTER RUNS TAKE FUNDS
BLUFFTON, Ind., Feb. Union Savings Trust Company, only remaining bank in Bluffton, closed morning after $500,000 run yesterday. The Farmers Deposit Bank of Montpelier also closed today, due, was said here, to a $500,000 run yesterday. Four banks in Wells county closed yesterday. President Fred Tangeman, of the Union Savings Trust Company, said his bank was solvent, and he hoped to reopen the institution after the usual sixty days for reorganization.
Following the closing of four Wells county banks yesterday, Luther Symons, state bank commissioner, appeared in circuit court with petitions asking that receivers be appointed for the Wells County State bank, of Bluffton, and the Bank Uniondale, two of the that closed. bank of Petroleum and the Liberty State bank also suspended operations. The petitions set out that examinations by the banking department showed the Well County State bank Uniondale failing and insolvent condition." Judge Hamilton set February the date for hearings the petitions. The Wells County bank was capitalized at $100,000 and showdeposits of $1,250,000. The Union Savings Trust company the only bank in Bluffton. The Studebaker bank failed in 1927, with deposits of Receivers as yet have made no payments on deposits.
16.
February 15, 1929
Evansville Courier and Press
Evansville, IN
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BANKS FORCED TO IN WELLS COUNTY
Institutions Unable to Meet Heavy Runs: Hope Cashier Held for Embezzlement
BLUFFTON, Feb. closing the Union Savings Trust of Bluffton and the failure of the Farmers' Deposit bank Montpelier to open this made total closed Wells county within two meeting of citizens has mass called aid bank here to carry on $50,000 run the Union Savand Trust company responsible for the closing that institution. and the Montpelier bank its opening SOLVENT. CLAIM Tangeman, president of the Union bank, declared that the bank entirely solvent and that hoped to reopen the institudue time without to deThe bank positors of approximately 81.deposits The Farmers' Deposit bank had Guy president Wells County with de250,000 closed yesterday on Page Three)
17.
March 12, 1929
The Indianapolis Star
Indianapolis, IN
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WRIT STOPS ACTION OF BANK RECEIVER
The Indiana Supreme court yester day took hand in receivership proceedings against the Farmers' Deposit bank of Montpelier and issued temporary writ prohibition preventing the receiver from discharg his duties. The writ was obtained by officials of the bank who objected to appoint ment Thomas C. Peterson as because he for a attorney rival financial institution. Acts Against Judge The writ also prevented Judge Vic. tor H. Simmons of the Blackford Circuit court. who appointed Peterson, from further action in the case except to rescind his previous actions and grant change of venue from Blackford Peterson appointed by Judge Simmons March on petition for ceivership filed by Luther Symons, state bank commissioner. At time the bank officials sought change of which was denied by Judge
Hearing March 11. Judge Simmons appeared before the court at hearing conducted yesterday justify his The date for final hearing of the petition. The Montpelier located short distance from the county line Recently there considerable disturbance banking in Wells and several banks closed. Most them, however, have been reopened new banks organized to replace closed institutions. According to bank department. the situation in Wells county is practically cleared
18.
May 3, 1929
Chronicle Tribune
Marion, IN
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MONTPELIER BANK APPEAL IS SIFTED
Ind., May Or, the ground that lacked juris(ction the case the Indiana Su. preme Court today transferred to the state the appeal the Farmers Deposit Bank Montpelier from the CirJudge of the Blackford Circuit court naming receivfor the Montpelier Bank. This bank also has mandamus action pending before the Supreme Court an attempt to force Judge Simmons to grant the bank change of venue in the receivership suit which was brought by State BankCommissioner Luther Symons The Montpelier bank was forced to close its doors Feb. 14 along with five other bank suspensions in Wells county when that county and Blackford county were swept by mad panic.
LIBERTY BOND CLOSE NEW YORK. May Liberty bond Liberty $98.3; first fourth $99.30; treasury 3% 1940treasury of 1943-47 $98; $102.6; treasury $105.2; treasury 4½'s $109.6.
19.
May 9, 1929
The Indianapolis Times
Indianapolis, IN
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DEFUNCT MONTPELIER BANK WINS APPEAL Receivership Decision of Lower Court Reversed. Appellate court today reversed action of the Blackford's circuit court in appointing a receiver for the Farmers' Deposit Bank of Montpelier. Last February Judge Victor H. Simmons of Blackford's circuit court. appointed Thomas Peterson, atorney, receiver for the defunct bank on the request of Luther F. Symons, state bank examiner. Recently the case was appealed to the higher court on the grounds a change of venue was denied and Peterson was atorney for a competitive bank at Montpelier. The higher court today in reversing the decision held such an action was mandatory under the state banking laws.
20.
June 10, 1929
Journal and Courier
Lafayette, IN
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Name Bank Receiver Ind. June today the Farmers' Deposit bank Mont Testimony state bank pelier. examiners Wells indicated that the court stitution insolvent bank's capital surplus $80 offset $85,739.17 in paper examiners testified.
21.
June 10, 1929
Muncie Evening Press
Muncie, IN
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KUNKEL NAMED BANK RECEIVER
Wells County Judge Refuses Recommendations.
(Special to The Press.) June liam Kunkel Bluffton named Monday by Judge Hamilton of the circuit court, as receiver for the Farmers Deposit Bank of The receiver's bond fixed $50,000 August designated the last day for the filing of creditors' claims. Mr. Kunkel is also receiver for the Bank of Poneto, closed since 1925. Stockholders and citizens Montpelier two Stewart Ira but Judge Hamilton refused to either. He held of Stewwould be unwise since stockholder. Nelson's was jected because he was resident of Montpelier.
22.
October 7, 1929
Muncie Evening Press
Muncie, IN
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THEFTS OF CARS CONTINUE
Has Two More Thefts Over Week-End.
HARTFORD CITY, Ind., Oct. Woodard, arrested Friday night here in possession of car belonging to Herschel Williams, near Dunkirk, was taken to Saturday, by State Policeman Hal Ayres where he will be formally charged with the theft. Woodard told officers that he "just "borrowed" the car to come to this city. Ford sedan. owned by Paul Thornburg. of Montpelier, stolen Friday night, was located Saturday morning east of this city where had been abandoned and stripped by the thieves. No trace had been found today Ford car belonging to Eli Roderick, of near Roll, which was stolen early this week. The machine was insured. Hartford City Notes. Kunkle, Bluffton, ceiver for Farmers Deposit Bank. Montpelier, Saturday morning filed suit in the Blackford Circuit Court against Albert Hart, on notes. The suit is the first of promised series of such incident to the of the bank. Plans of the County Girls' Club meeting to county exhibit at Purdue University this winFarmers' Week. The ter, Curing exhibits of the Girls' Club work the Fall Festval will kept and taken to Purdue. Jack Clark, local laborer and drayman held in jail during the past three charges writing fraudulent checks. gained his lease Sunday morning, when relatives came to his aid and paid $47.77. James Humphrey, of Montpelier, from Deputy Sheriff Speidel about year ago while being taken to the local jail suspect in chicken thefts, was rearrested night by the officer. upon his return to this city. Humphreys was taken to Wells County Sunday afternoon he will face charges chicken stealing. Suit dvorce. charging cruel inhuman treatment and demanding alimony, was filed the Blackford Circuit Court Saturday morning Attorney Simmons for Everett against Orval Everett. The wife asks for the custody of their seven children and $12 week support. temrestraining order was granted against Everett keep from disposing of his property from molesting his wife. Charles Schumaker has announced plan to form $20,000 corporation for the purpose of purchasing and developing the Schumaker grove, southwest of the city, park. R. Craft. this city, former clerk the Hartford Cty postoffice, some time ago charged with taking money from mails, indicted Saturday by federal grand jury, at Fort Wayne. federal agent was expected here today to arrest Craft. McKinney, Milgrove, was given sentence of from years in the Indiana State formatory in the Adams County Circuit Court, Saturday, on charge an automobile. The sentence was suspended.
23.
November 11, 1929
The Star Press
Muncie, IN
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BANK RECEIVER FILES PETITION
Common Claims at pelier Total
Bluffton, Ind., Nov. Kunkel, Jr., for the Farmers' Deposit Bank of Montpelier, has certified to Judge W. Hamilton, of the Wells Circuit Court, common claims classified by the receiver in the sum of $311,288 with petition that they be allowed as common claims. petition was granted and claims ordered listed classified. The court also allowed certified by the receiver, the sum and group of small preferred claims allowed in the sum $461. An additional claimants asking preference has been filed, but the total given. These claims have not been passed the receiver will be tried before the court. Due the necessity of first trying the claims, said unlikely that there will distribution until after the first of the year.
Common Claims at Bluffton. Judge W. Hamilton has made ruling in Circuit Court here on point class claims against the Wells County Bank This in where claimants bought from the bank to its of with anty from the bank the of the notes. has that number of such notes are virtually worthless if not entirely as far collections The court denied claim classificaof such note but granted the claims In the event claimants accept the standing of common claimants, the notes are to surrendered the receiver, to become assets of the trust. Phanuel McIntire was allowed claim this character in the sum of $4,215: Smuts $1,024, and Ezra Levenson $4,212. Bluffton Short Notes. Armistice Day will observed here Monday, without public program. The American Legion and Legion Auxiliary have appropriate observance at hall evening. Relatives have received word of the death Greenfield James H. Moulden, the father of Mrs. Agnes Todd, formerly of Bluffton, widow of
24.
February 8, 1930
The Indianapolis Times
Indianapolis, IN
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Judge at Hartford City Orders Probe of Montpelier Closing. R.V. Times Special HARTFORD CITY, Ind., Feb. 8. -The Blackford county grand jury in session here is investigating failure of the Farmers Deposit bank of Montpelier following a charge of Circuit Judge Victor H. Simmons that state bank examiners, although knowing the bank was insolvent, failed to close it. He instructed the jurors to indict the examiners and bank officials is evidence warranted charges. Judge Simmons said examiners had inspected the bank's books before the closing and refused to order it to suspend operations until a private citizen threatened to ask receivership. "Any bank commissioner who fails to report an insolvent condition of a bank may be guilty of a felony," the judge said. The judge pointed out that the statement of the examiners showed the bank to be only 4 per cent insolvent, while a later report of the
25.
June 24, 1930
The Star Press
Muncie, IN
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BANK RECEIVER ENTERS REPORT
Montpelier Institution's Assets Total $218,130.
Bluffton, Ind., June current report of William A. Kunkel, Jr., receiver for the Farmers' Deposit Bank of Montpelfer, has been filed Circuit Court approved Judge A. W. Hamilton. The report shows that the receiver was chargeable originally with assets totalling Credits for $162.are claimed. with balance of assets chargeable of The credits $58,886.39 paid to in two distributions of 10 per cent each; preferred claims paid; expenses of ceiver, fees of $3,450 for the receiver and similar sum for the receiver's attorneys: assets compromised and items of set-offs, real estate sales below listed values, and below listed values. Remaining Assets Itemized. Balance of assets with which receiver chargable follows Cash on hand. due from banks. loans and discounts, stocks and bonds, $3,550; bank building. and fixtures. real estate, overdraft cash items. $405 Grand total assets chargeable, Mrs. Elle Cloud. 68, died yesterday morning home near McNatts. Jackson Township. of organic heart trouble Surviving are the husband, Silas Cloud. and eight children: Clarence Cloud, Mrs. Marie Ramseyer and Mrs Mary Jones, Orville Cloud. Missouri Cloud, ton Cloud. all of Bluffton. Funeral services will be held at Union Chapel, McNatts. o'clock Tuesday afternoon. Burial will be in Jones CemIval Young. local butcher. escaped serious injury last night his car left the highway at the County in the ditch. The machine was badly damaged.
Aged Resident Succumbs. Cornelius Brinneman 81. died at o'clock afternoon the home of his daughter. Mrs. Bessie Johnson. 107 North Scott street. after an illness of six months. Surviving following children Charles Brinneman Toledo: Bertha May Brinneman and Daniel Brinneman: Bessie Johnson. Bluffton: Mary Conneau. Rosa Stagg. Cincinnati Potts, Fort Wayne: Samuel Brinneman. Grove. Mo. and Emma Myers. Funeral services will held at o'clock Thursday at the Keystone Friends Church and burial will be made Keystone Cemetery. Mrs. Mary Counterman. of West Wiley avenue. this city. today announced the marriage of her daughBesdalora. Gerwig son of and Libwhich took place September 1929. Cynthiana, Ky The bride and bridegroom graduates of Bluffton High School The couple will live at Liberty Center where the groom. Mr. Gerwig. will be associated with his father in the grocery business.
Thief Overlooks Money. thief who forced an entrance into DeBolt's barber shop at Ossian Saturday night. stole nine razors. three pairs scissors and two pairs ing the shop receipts for the day, was Mrs. Mary Dailey local probation officer. reported upon her today from meeting that sneak thief had entered the store room in which she keeps supplies for the poor and had stolen about two dozen pairs men's hosiery undetermined origin in the garage Olive Markley Lancasand Williams o'clock last night badly damaged his ma chine well the building Frank Beckler of this city today received word of the death of aunt Mrs. Mattie Louis Cory. Angeles Cal former resident this county. Death followed an illness of several weeks
HOW THE WAR STARTED after meal