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, 1935Receivership
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, 1936Other
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)
1.May 24, 1935The Star PressMuncie, IN
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.
2.May 24, 1935The Kokomo TribuneKokomo, IN
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.
3.July 26, 1935Muncie Evening PressMuncie, IN
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.
4.July 26, 1935The Times-MailBedford, IN
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.
5.July 26, 1935The Times-MailBedford, IN
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.
6.September 13, 1935Leader-TribuneMarion, IN
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.
7.November 10, 1935The Indianapolis StarIndianapolis, IN
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.
8.November 10, 1935The Star PressMuncie, IN
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.
9.April 2, 1936The Indianapolis TimesIndianapolis, IN
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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.
10.April 2, 1936The Indianapolis TimesIndianapolis, IN
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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-
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.