1.
January 27, 1931
The Daily Reporter
Greenfield, IN
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HEAVY RUN CAUSES BANK TO CLOSE DOORS
SHERIDAN, Ind., Jan 27. The Farmers and Merchants tional Bank with deposits in of $350,000 closed its doors day. Federal Examiner Sanders, of Indianapolis, took charge of the institution's He was of the opinion that the bank was solvent. A mad run on the bank late yesterday during which $28,000 in deposits were withdrawn caused the bank's suspension, according to Cashier A. Branson. depositors will be paid in Branson said today. There was talk today of ger between the national and the state banks here. The town has only one other bank.
2.
January 27, 1931
Journal and Courier
Lafayette, IN
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Sheridan Bank Closes SHERIDAN, Ind., Jan. Farmers Merchants National deposits $350,000 closed its Federal Examiner Sanders charge institution's He of opinion that the bank was solvent. yesterday $28,000 in bank's Cashier Branson positors will paid in full,' Bransaid today
3.
January 27, 1931
The Tipton Daily Tribune
Tipton, IN
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SHERIDAN BANK CLOSES DOORS
TWO TAKEN TO FARM
Farmers and Merchants National Will Pay All Depositors, Is Report.
Sheriff Jesse Devault, in checking up his records for the month of January, found Tuesday that business has been unusally slow, the depression evidently affecting this line as well as others. So far there have been but six prisoners within the county jail during January and two of these are now doing time at the penal farm. They are John Briggs and Cecil Brown. Brown, who was sentenced for stealing corn. was taken to the farm Monday, Jesse LaGarde accompanying the sheriff and his prisoner on the trip. The six confined during the month of January. included one weman and four men and gro boy, which is still with the sheriff. Charges on which they were confined were issuing frauulent check. violation of the liquor laws, violation of a quarantine, petit larcency and trespass. John Burtron served ten days in jail on the bad check charge: Briggs went to the farm for 60 days and Brown for 30 days. One prisoner received suspended sentence and the person charged with trespass is still in jail.
4.
January 27, 1931
The Tipton Daily Tribune
Tipton, IN
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RUN WAS STARTED
The Farmers & Merchants tional Bank of Sheridan did not open for business Tuesday morning following run on the institution which started late Monday afternoon when $28,000 in de- withdrawn. The diposits were rectors held special meeting Monday night and decided would be best to suspend busi- Ramsay MacDonald's statement ness rather than imperil the de- affords sufficient ground for the positors and this action was tak- all-India national congress to tenen. Word of the Sheridan affair der its co-operation. the right of was given The Tribune by the picketing can not be surrendered, United Press. nor the right of starving millions J. Sanders of the state to manufacture salt. and if these banking department was put in elementary rights are recognized. charge Tuesday morning and mest of the ordinances will natboth he and the cashier, J. A. urally have to be withdrawn." Branson are of the opinion that the institution is solvent. Mr. HAD HIM WORRIED. Branson made the announcement that all depositors would be paid Closing of Farmers & Merchants in full. The bank is capitalized at Bank Scared Tipton Man.
5.
January 27, 1931
The Tipton Daily Tribune
Tipton, IN
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It is said the run on the bank started from rumors that had been spread for several days. Stricter enforcement of the laws regarding this practice has brought some good results but too many banking institutions have been damaged greatly by idle tongues and it would not be to see another strengthening of the enforcement of laws which are designed to protect banks against such malicious attack. The state and national banking departments are both alert in watch over banks and bankers generally have put their institutions in much batter condition so it is only in extreme situations and rare ones at that, which force bank to close its doors for any other reason than malicious rumors. It is most fortunate that Tipton county has no need to become of worried. The management banks in this county is on high plane and the bank statements indicate very healthy condition.
Jesse Davids, driver for the Shell American Gas & Oil Company. and former interurban conductor, was on the anxious seat for some time. Tuesday. following the news that the Farmers & Merchants National bank of Sheridan had closed its doors because of run on the institution.
Last week Mr. Davids contracted for the purchase of the Lee Bennett farm on the Hub highway west of Tipton, and Thursday of last week paid for it with check for $9,500 drawn on the Sheridan bank. If the check had been paid he was all right but if it had not everything was wrong. Mr. Davids got busy on the telephone and was informed the check had been honored by the Sheridan bank Saturday and after that got his first good breath since hearing the news. of the closing.
6.
January 27, 1931
The Tipton Daily Tribune
Tipton, IN
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TWO TAKEN TO FARM RUN WAS STARTED
Sheriff Jesse Devault, in ing up his records for the month of January, found Tuesday that business has been unusally slow, the depression evidently affecting this line as well as others. So there have been but six prisoners within the county jail during January and two of these are now doing time at the penal farm. They are John Briggs and Cecil Brown. Brown. who was tenced for stealing corn, was taken to the farm Monday, Jesse Garde accompanying the sheriff and his prisoner on the trip. The six confined during the month of January, included woman and four men and boy, which is still with the sheriff. Charges on which they were confined issuing frauulent check, violation of the liquor laws, violation of antine, petit larcency and trespass. John Burtron served ten days in jail on the bad check charge; Briggs went the farm for 60 days and Brown for 30 days. One prisoner received suspended sentence and the person charged with trespass is still in jail.
The Farmers Merchants tional Bank of Sheridan did not open for business Tuesday ing following on tution which started Monday afternoon when in posits withdrawn. The rectors held special meeting Monday night and decided would be best to suspend busirather than imperil the depositors and this action was taken. Word the Sheridan affair given The Tribune by the United Press. Sanders of the state banking department was put in charge Tuesday morning and both he and the cashier. Branson are of the opinion that the institution is solvent. Branson made the announcement that all depositors would be paid in full. The bank is capitalized at is said the run on the bank started from rumors that had been spread for several days. Stricter enforcement of the laws regarding this practice has brought some good results but too banking institutions many have been damaged greatly by idle tongues and it would not be to see another strengthening the enforcement of laws which are designed to protect banks against such licious attack The state and national banking departments are both alert in over banks and bankgenerally have put their stitutions in much better condition is only extreme ations and rare ones at that, which force bank to close its doors for any other reason than rumors. It is most fortunate that Tipton county has no need to become worried. The of banks in this county is on high plane and bank statements indicate very healthy condition.
7.
January 27, 1931
The Tipton Daily Tribune
Tipton, IN
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HAD HIM WORRIED.
Closing of Farmers Merchants Bank Scared Tipton Man.
Jesse Davids, driver for the Shell American Gas & Oil Company, and former interurban conductor, was on the anxious seat for some time Tuesday, following the news that the Farmers Merchants National bank of Sheridan had closed its doors because of run on the institution. Last week Mr. Davids ed for the purchase of the Lee Bennett farm on the Hub highway west of Tipton, and Thursday of last week paid for it with check for $9,500 drawn on the Sheridan bank. If the check had been paid he was all right but if had not everything was wrong. Mr. Davids got busy on the telephone and was informed the check had been honored by the Sheridan bank Saturday and aftthat got his first good breath since hearing the news of the closing.
8.
January 28, 1931
The Indianapolis Star
Indianapolis, IN
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SHERIDAN BANK CLOSES.
SHERIDAN, Ind., Jan. 27.-The Farmers and Merchants National bank of Sheridan did not open its doors this morning, the result of decision reached meeting of the board of directors last night. Heavy caused the The national bank commissioner has been asked to take charge.
9.
March 27, 1931
The Noblesville Ledger
Noblesville, IN
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STATEMENT
Receiver Says Assets $76,922 In Excess of Liabilities
H. R. Botkins, of Muncle, receiver for the Farmers and Merchants National Bank of Sheridan, which closed its docrs few weeks ago, has given out a statement showing the assets of the institution to have been $76,922.45 greater than the liabilities. The statement in detail is as follows:
Assets Bills receivable $403244.82 Cash on hand 4202.25 Other assets 86279.72
Total Liabilities Liabilities, unsecured $48777.75 Rediscounts at Federal Reserve $14375.30 With collateral of Bills payable with Collateral of $95519.00 49995.20 Total $416801.34
10.
August 28, 1931
The Noblesville Ledger
Noblesville, IN
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SHERIDAN BANK
County and Adams ship Bring Action Against Bondsmen NOT MADE DEFENDANTS
Other News of the Day From the Court House
Two suits growing out of the the Farmers and Merchants National Bank, of Sheridan, filed in the circuit court, Friday morning both plaintiffs being sented the law firm Cloe, Campbell, Cloe Cloe. Both gations seek recover judgments for public money. One of the actions is brought the Hamilton County Board Finance against Lester Higbee, Phillip Hare, Frank Ringer Collins which the of the money that the county had on deposit the bank when closed its doors. The were on the surety bond of the bank for this money also Branson Presser action brought against McMurtry, Pressler and Branson for the reason that each of them said to have admitted the obligations and each already paid and promised to make other payments the near future. The other suit brought the Adams Township Finance Board the same defendants against the full amount of bond cover $12,000. At the time the bank business the trustee had on deposit the institution Neither are McMurtry, or Branson defendants the second action. These litigations were the result of held at Sheridan weeks by County Attorney ago Frank Campbell, County Pettijohn several the Clyde officials connected with the defunct bank. understood here that Receiver Botkins making arrangements dividend soon but the amount been made public. Seeks Three Guardians George Wolfgang, superintendent the County filed petitions Friday, for the appointment for Stella M. Hurt. guardians Edgar Hurt and George Hurt. Stella and Edgar of the County Farm and said they have an some land in the Gray. George Hurt vicinity of State's institution for the feeble minded Butlerville. Report In Cox Estate Mrs. Minnie widow of Bert filed the court the Evans, has of her husband adfinal report the Jesse Cox estate. ministrator Mr. Mrs. Evans was most his life Cox, who spent the vicinity Westfield. The in the sum of shows charges and credits to the amount leaving balance
11.
September 4, 1931
The Sheridan News
Noblesville, IN
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TWO SUITS INVOLVE LOCAL BONDSMEN
Payment of Public Moneys Is Demanded.
Two suits growing out of the failure of the Farmers and Merchants National Bank, of Sheridan, were filed in the circuit court, Friday morning, both plaintiffs being represented by the law firm of Cloe, Campbell, Cloe & Cloe. Both litigations seek to recover judgments for public money. One of the actions is brought by the Hamilton County Board of Finance against Lester C. Higbee, Phillip E. Hare, Frank Ringer and Tol-L. Collins to recover $5,752.57 which was the amount of the money that the county had on deposit in the bank when it closed its doors. The defendants were on the surety bond of the bank for this money as were also I. H. McMurtry, J. A. Branson and W. S. Pressler but no action was brought against McMurtry, Pressler and Branson for the reason that each one of them is said to have admitted the obligations and each has already paid $1,000 and promised to make payments in the near future. The other suit is brought by the Adams Township Finance Board against the same defendants to recover the full amount of a bond amounting to $12,000. At the time the bank suspended business the trustee had on deposit in the institution around $19,000. Neither are McMurtry, Pressler or Branson made defendants in the second action. These litigations were the result of a conference held at Sheridan a few weeks ago by County Attorney Frank Campbell, County Treasurer Clyde Pettijohn and several of the officials connected with the defunct bank. Since the closing of the bank, one of the bondsmen, Phillips E. Hare, has filed bankrüptey claims.
12.
November 7, 1931
The Indianapolis Times
Indianapolis, IN
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Closed Bank to Pay By Times Special SHERIDAN, Ind., Nov. 7.-Robert Hartman, receiver for the Farmers and Merchants National Bank, which closed last spring, announces that a 20 per cent dividend is ready for distribution to depositors. This will be the first dividend that the bank has paid. Hartman has just ben appointed, replacing H. R. Botkins, Muncie, who has been sent to Michigan by the controller of the currency.
13.
April 13, 1932
The Noblesville Ledger
Noblesville, IN
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COURT NEWS
No Appropriation For Road Petition Bank Receiver
County Road Superintendent Haughey reports that no oil will be used on the county roads the coming season as some have supposed Last year $7,000 was set aside by the County Council with which to purchase oil for this purpose but later it was decided to save this money and no oil will bought. Between fifty and seventy-five miles of road in this county have been taken over by the State Highway Commission since the first of the year which will lessen the road costs a good deal but at the same time the apportionment of gasoline tax due the county each spring will be reduced by virture of this change This tax is based only on the mileage of highways that is maintained by the county Robert G. Hartman, receiver for the Farmers and Merchants National Bank, of Sheridan, has filed a petition with the court asking that the bank be permitted to withdraw its claim on three hundred and six acres of land in Adams township which belongs to the Palmer heirs. It is set out in the petition that the Fletcher American National Bank, of Indianapolis, has mortgage on this land to secure two notes, one for $7,960 and another for $7,587, and it is said the Indianapolis institution agrees to pay the taxes on the property in the event the Sheridan bank will release its claim on the property in question. The receiver tells the court in his petition that the Sheridan bank has its claims partly secured by mortgages on other property belonging to the heirs.
14.
May 6, 1932
The Noblesville Ledger
Noblesville, IN
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Other Court News following have been filed the court: Federal Land Bank against Geo. Musselman and others. complaint to foreclose mortgage. Robert Hartman. receiver for the Farmers and Merchants National Bank of Sheridan, against Maurice Couch and others, complaint close mortgage. The inheritance tax report in the Rose Plain Pheanis lists the personal property being $3,999 and estate praised at $500. There were deductions on account other obligations, leaving the net value of the estate $3,778. There was no tax. The heirs Mary Lena Lottie Mongold ad Carl Plain. The court has allowed the following claims: Anna Poer against Alexander Bradshaw estate, Evans Godby against Mary Lawhorn estate, In the Rose Woodward estate tracts land have been reported sold by the administrator to the following persons and firms: MoCary, $400; Houston Craig, $550; James Rich. $360; George and Anna Terwillinger, Lapel The estates of Baldwin, John Jane Johnson and Sarilla Holloway, have been referred to County Walter Edwards for administrator of the estate of the James Morrison, has filed his final report with court and the same been set hearing on May The inheritance the William Warman estate amounted $72.38. The personal property was valued $577 and the real estate was appraised The value of the estate The heirs are Luella Warman, Claude and Clark Redman, Nina and Ira Warman, Alice H ternbach and
15.
April 19, 1934
The Noblesville Ledger
Noblesville, IN
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Rooker Asks Privilege to Lease His Farm Thomas
RECEIVER NEW CASES
Sheriff May Dispose of the John Dillinger Soon court has given Smith divorce from Elzie Smith the grounds alleged her and awarded her the custody their child.
In the divorce Lynch against Rufus Lynch the plaintiff has filed the court petition for until the finally adjudicated.
William Rooker and wife have filed petition in the circuit court against the Fidelity Trust Company asking permission to the Rooker farm. just south blesville, with the exception small tract on which the residence located, Thomas
The following suits were docketed in court yesterday afternoon: Robert Hartman, receiver the Farmers and Merchants tional Bank of Sheridan, against Ova and complaint note. Robert G. Hartman, receiver, against Arthur and Sylvia man, complaint on note. Robert Hartman receiver, dismissed case against Baker another litigation against Claude and Louise house.
Sheriff Hattery going to make move soon dispose Hudson car wrecked the Range Line road and which of John pany Minn., lien on the machine but have never responded to his letter quiry about the claim. One front wheel fender ruined in the crash and since then knock has been found the engine, indicating the wreck may have gotten the manner. The law provides that he shall sell to highest bidder and after all the expenses advertising and storage ducted the balance shall be turned over state fund.
CATTLE BRANDS MURALS Tex., brands ranches the Southwest will engraved the walls new headquarters building the Texas Cowboys Reunion sociation, erected Both modern brands those mous old ranches will on stones the suffered Evans, Boise, Ida., while the brought him army, cently. received that federal district insurance