6341. Grant County State Bank (Upland, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 7, 1909
Location
Upland, Indiana (40.476, -85.494)

Metadata

Model
gpt-5-mini
Short Digest
da26c754

Response Measures

None

Description

Bank was closed by order of the state auditor (alleged bad loans). Application for and then appointment of a receiver followed. No article describes a depositor run prior to suspension.

Events (2)

1. September 7, 1909 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed by state auditor; alleged bad loans were given as the reason for the order closing the bank.
Newspaper Excerpt
Upland, Ind., Sept. 7-The Grant County state bank closed today by order of the state auditor and application for a receiver was made.
Source
newspapers
2. September 15, 1909 Receivership
Newspaper Excerpt
Over the protests of three of the depositors, Judge Paulus of the Grant circuit court at Marion yesterday afternoon appointed Harry T. Connelly as the receiver for the Grant County Bank at Upland, which closed its doors a week ago.
Source
newspapers

Newspaper Articles (6)

Article from The Montgomery Advertiser, September 8, 1909

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Article Text

Bank Closes Doors. Upland, Ind., Sept. 7-The Grant County state bank closed today by order of the state auditor and application for a receiver was made. It was alleged the bank made some bad loans. President T. F. Waite said depositors will not lose any money.


Article from The Marion Daily Mirror, September 8, 1909

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Article Text

THE MEAT OF IT Only one passenger was hurt when five Chicago, Burlington & Quincy cars rolled into a ravine near St. Joseph, Mo. I. T. Schmidt, prominent grocer of New Orleans, committed suicide in a New York hotel by cutting his throat with a razor. Advices from the French Congo state that the blacks are in revolt and that acts of cannibalism are numerous. Bad loans are assigned as the reason for the order closing the Grant County State bank at Upland, Ind. Colonel Charles Wilson, in charge of the Republican publicity bureau during the first McKinley campaign, is dead at his home in Lebauon, Ind.


Article from The Birmingham Age-Herald, September 8, 1909

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Article Text

Bank Closed. Upland, Ind., September 7.-The Grant county state band closed today by order of the state auditor and application for receiver was made. It was alleged the bank made some bad loans. President T. F. Waite said depositors will not lose any money.


Article from The Lake County Times, September 9, 1909

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Article Text

UPLAND BANK CLOSES. E. M. White, assistant attorney general of Indiana, came to Marion yesterday afternoon and filed an application in the circuit court for the appointment of a receiver for the Grant County State bank at Upland, which failed to open its doors yesterday morning. The state bank examiner, Charles W. Camp, who reached Upland early in the morning will have charge of the bank, pending the hearing of the petition, which has been set for next Tuesday.


Article from The Lake County Times, September 16, 1909

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Article Text

imals have been dying by the score. and the complaint is said to be spreading. WEATHER MAN ARRIVES. Verne H. Church. the recently ap. pointed director of the Indianapolis Weather bureau. left Salt Lake City Monday night. He expected to stop at Denver and Chicago on the way east to look over the bureaus there and renew old acquaintances. He expects to reach Indianapolis Friday night. JUDGE PAULUS DECIDES. Over the protests of three of the depositors, Judge Paulus of the Grant circuit court at Marion yesterday afternoon appointed Harry T. Connelly as the receiver for the Grant County Bank at Upland, which closed its doors a week ago. WINDOW GLASS ADVANCES. An immediate advance in the price of all grades and sizes of window glass was decided upon yesterday at a meeting of representatives of Ohio, Indiana, Pennsylvania, West Virginia and other states. The discounts were fixed at 90 and 30 per cent from the list on single strength glass and 90 and 35 per cent on double strength. BIG ODD FELLOW DIES. Jackson G. Stober, of Wabash, 65 years old, who attained the rank of brigadier general, Patriarchs Militant, of the Odd Fellows, and held every state office in that order except one, died yesterday of heart disease. He was a civil war veteran, enlisting as a drummer boy. He was prominent in local democratic circles. INDIANA BOAT IN. S. D. McLeish, representing the New York Central lines at Evansville has taken the initiative toward getting a special boat to represent Evansville in the parade escorting President Taft down the Missisippi from St. Louis to New Orleans. It is expected that from seventy-five to one hundred persons from here will join the trip. AUTO WRECKS HOUSE. Mr. and Mrs. F. A. Miller of Indianapolis had a thrilling ride down one of the steepest hills in Indiana at Logansport yesterday afternoon following the failure of the brake on t their automobile to operate. The car rushed down a hill 100 feet high, tore down forty feet of fence, outer wal S of a house, and stopped only when it had plunged half way into a kitchen where Mrs. Charles McCune was wash ing clothes. Mr. and Mrs. Miller and d Mrs. McCune were not injured, but the rear of the house and the automobile were wrecked. TO SUE TRUSTEE. Because of the advice of State Sup erintendent of Public Instruction Aley they have been refused transfers fo their children from the township non commissioned to the city aceredited high school, seven Patoka township patrons yesterday filed suit against the township and Trustee Brazelton, a Princeton, claiming right to transfe under the new law. ATTORNEY GOES BROKE. George W. Beeman, an attorney a filed in volun


Article from The Lake County Times, September 16, 1909

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Article Text

JUDGE PAULUS DECIDES. Over the protests of three of the depositors, Judge Paulus of the Grant circuit court at Marion yesterday afternoon appointed Harry T. Connelly as the receiver for the Grant County Bank at Upland, which closed its doors a week ago.