Clinton Trust Company (Clinton, IN)

Episode Information

Episode UID
71030471625
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
7103047 routing
Routing Number
71-0304
Start Date
May 23, 1935
Location
Clinton, Indiana (39.661, -87.405)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e003d74d4f600ca4

Response Measures

None

Description

Articles refer to the bank as defunct and describe a receiver and subsequent indictments.

Events (2)

1. May 23, 1935 Receivership
Newspaper Excerpt
Judge G. Edward Bingham accepted the resignation of Matthew M. Scott, as receiver of the Clinton Trust Company
Source
newspapers
2. April 2, 1936 Other
Newspaper Excerpt
Indictments charging embezzlement and perjury were returned against M. M. Scott, former receiver for the Clinton Trust Co.
Source
newspapers

Newspaper Articles (10)

Article Text

BANK RECEIVER RESIGNS Clinton, Ind., May 23 (AP)—Judge G. Edward Bingham accepted the resignation of Matthew M. Scott, as receiver of the Clinton Trust Company, but directed Scott to show why he should not return $4,425 alleged to have been taken for his services without court approval.


Article Text

Mayor Bangs, who went to jail rather than pay damages, has made no effort to provide bond for his release, although he has signed the appeal bonds for other defendants. Bank Receiver Resigns Clinton, Ind., May 23—(AP)—Judge G. Edward Bingham accepted the resignation of Matthew M. Scott as receiver of the Clinton Trust company, but directed Scott to show why he should not return $4,425 alleged to have been taken for his services without court approval. FRESH BULK GARDEN SEED R. HAWKINS, 114 South Union St.


Article Text

BANK RECEIVER HELD FOR EMBEZZLEMENT CLINTON, Ind., July 26. — (AP) — Matthew M. Scott, former receiver of the Clinton Trust Company, faced embezzlement charges today filed by George Holton, a depositor in the defunct bank. Scott resigned as receiver several weeks ago. Holton alleged that Scott concealed an excess payment to himself as receiver of $4,425. Scott's receivership report shows this amount paid as back salary. He has been cited in a court order to show cause why he should not repay the sum.


Article Text

EMBEZZLEMENT CHARGE FILED Former Bank Receiver At Clinton Facing Prosecution On Affidavit Of Depositor CLINTON, Ind., July 26—(AP)—Matthew M. Scott, former receiver of the Clinton Trust Company, faced embezzlement charges today filed by George Holton, a depositor in the defunct bank. Scott resigned as receiver several weeks ago. Holton alleged that Scott concealed an excess payment to himself as receiver of $4,425. Scott's receivership report shows this amount paid as back salary. He has been cited in a court order to show cause why he should not repay the sum.


Article Text

CLINTON, Ind., July 26—(AP)—Matthew M. Scott, former receiver of the Clinton Trust Company, faced embezzlement charges today filed by George Holton, a depositor in the defunct bank. Scott resigned as receiver several weeks ago. Holton alleged that Scott concealed an excess payment to himself as receiver of $4,425. Scott's receivership report shows this amount paid as back salary. He has been cited in a court order to show cause why he should not repay the sum.


Article Text

FORMER BANK RECEIVER QUESTIONED IN COURT Clinton, Ind., Sept. 12. (AP)—Matthew M. Scott, summoned to Vermillion circuit court to show cause why he should not return $4,425 he was alleged to have taken without authority as salary for acting as receiver for the Clinton Trust Company, faced frequent questions from Special Judge Howard Hancock today. The resigned receiver admitted he made no report of his trust from 1929 and 1933, that while acting as receiver he drew a salary from the Clinton Home Loan and Savings Company, and that he employed at $15-a month a bookkeeper who still owes a $1,000 stockholders' assessment.


Article Text

Bank Receiver Decides to Return Claimed Pay CLINTON, Ind., Nov. 9.—(AP)—Matthew M. Scott said today that because of ill health and worry he has decided to return $4,425 which he claimed as back salary while serving as receiver of the Clinton Trust Company. A depositors' committee had disputed his claim, alleging he had taken the money without court authorization.


Article Text

CLINTON BANK RECEIVER TURNS BACK $4,425 FEE Clinton, Ind., Nov. 9 (AP)—Matthew M. Scott said today that because of ill health and worry he has decided to return $4,425 which he claimed as back salary while serving as receiver of the Clinton Trust Company. A depositors' committee had disputed his claim, alleging he had taken the money without court authorization.


Article from The Indianapolis Times, April 2, 1936

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Article Text

THE INDIANAPOLIS TIMES ceiver without the approval of the court. FORMER These payments had been recorded in the receiver's reports to the court, however, and have since RECEIVER been repaid after litigation. The perjury charge resulted from alleged false testimony given by Scott in the trial of the suit calling for the reWO CRIMES fund of the alleged excess salary. Perjury charges against Mrs. Craft, secretary of the Home Loan and Savings Co., and Call, insurance Grand Jury Also agent, resulted from testimony in the same trial. Three Others Nichols was charged with changin Clinton. ing the wording on an assignment given him by Mrs. Edith Sanquenetti on the receiver of the Clinton Ind. April 2.-Four Trust Co. Clinton persons were unTrial dates have not been set.


Article from The Indianapolis Times, April 2, 1936

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Article Text

# ACCUSE FORMER # TRUST RECEIVER # OF TWO CRIMES Vermilion Grand Jury Also Indicts Three Others in Clinton. By United Press CLINTON, Ind., April 2.-Four prominent Clinton persons were un- der indictment today after investi- gation by the Vermilion County Grand Jury. Indictments charging embezzlement and perjury were returned against M. M. Scott, former receiver for the Clinton Trust Co. Other indictments alleged perjury against Mrs. Esther Nolan Craft and Harry Call, and forgery against W. B. Nichols, head of the Public Loan Co. of Clinton. The embezzlement charge against Scott resulted from payments he had allegedly made to himself as re-