Fortville State Bank (Fortville, IN)

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New Bank May Be Founded At Fortville The organization bank with officers and directors which take over the good assets of the defunct Fortville State Bank apparunder way Fortville revealed at the hearing circuit Tuesday morning when Judge Arthur VanDuyn heard arguments the petition of Luther state banking the appointment receiver for the Fortville State Bank. Although the bank is in insolvent failing and Judge VanDuyn that he would appoint for the institution during three days pointed out that bank can ganized and that take the valuable assets of the Fortville State Bank receiver appointed for the Judge said, willing to work with the bank is organized and in that way can conserve much the assets for the depositors possible.' Organizing of bank in ville would hundreds of deposithe Fortville State Bank many dollars was pointed out the hearing morning The general opinion to the effect that high cent. of the the bank good but take some time dispose of these papers. The plan under way for the organizing of new bank which would buy the valuable assets of the old bank and which slow being would be held by bank and when would paid over to the depositors of the bank. This plan would mean that depositors would receive approximately 50% their money this time and later would collect certain centage the remaining assets was stated Tuesday. In the meantime receiver will be appointed by the court who will start salvaging much the assets possible for the depositors. Payments depositors will made whenever receiver collects 10%. There difference of opinto should appointed ceiver This matter rests entirely with the court but Judge asked for opinions. John Wiggins, attorney, presented the court petition signed by depositors that Huddleston. sistant the Fortville state bank, not be appointed receiver. On the other another group of positors handed Judge several days asking that appointed receiver defended the latter petition by stating that Huddleston and capable man for the position The daily bank statement made Luther Symons the day that the bank closed shows that the sources the institution totaled $267.The outstanding single the form amounted to The liability sheet that total deposits amounted the bank state banking by Luther Symons, banking Luther representative of the and First Deputy General Worner Nearly fifty stockholders and bank were the meeting Tuesday

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NAMED

Isaac Day on Monday pointed receiver for the Fortville State Bank by Judge Arthur Van Duyn. Mr. Day filed his bond of $25,000 during the day with bonding company as surety.

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Bank Receiver Appointed FORTVILLE, Ind., May 21.-Isaac H. Day, secretary of the Hancock County Mutual Farmers Insurance

Company, has been appointed receiver for the Fortville State bank which was closed a few weeks ago. His bond was fixed at $25,000.

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FORTVILLE

Cashier and Two Directors Were Placed Under Arrest, Tuesday

INDICTMENTS THE

Bank Receiver In Suit Against George McCarty For

Indictments against three officials of the defunct State Bank, of Fortville, returned by the Hancock county grand jury Tuesday ning. Emerson Cahen, cashier of the bank which closed in April, charged with in two counts of an indictment alleged, he was aware that in April last that the bank year insolvent and he accepted deposit of $27 from Nora and that he accepted deposit of from Kate Taylor after he knew, alleged, that the institution was failing. Two indictments are against Andrew Denny, director of the bank, who charged with perjury. alleged that on December 1930, he "willfully and falsely" made affidavit in the execution personal note for deposit public funds. also charged that he made oath that his real estate personal property worth while, charged, he knew his property was worth much than his statement in davit. He also is charged with bezzlement. alleging he accepted deposit when he knew the bank insolvent.

Charles Denny, also director of the bank, brother Denny, also with perjury by real sonal property were worth $25,000, but that in fact his estate was worth much than valuation. He charged with embezzlement because, is further alleged he also accepted deposit while knowing bank was insolvent. All of the indicted men were arTuesday by Sheriff Frank Stottlemyer Greenfield and bond of $800 for each of indictments filed against the three George McCarty, of Fortville, was named defendant $52,000 damfiled in the county circuit court by Isaac Day, receiver the defunct Fortville State Bank. McCarty alleged have ceived promissory notes the bank in December, 1930, when he and the bank officials knew that the institution was in an insolvent condition. At the time the notes transferred to McCarty's possession had checking count of with the bank. The bank received check for his account for notes which valued at $52,000. The complaint avers that the transaction and fraudulent and for the of McCarty to the other depositors the bank. The court asked to return the the receiver of the Fortville State Bank.

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FORTVILLE HEADS HELD

Cashier and Two Directors Indicted By Grand Jury of Hancock County.

ARRESTED BY SHERIFF

Cahen and Denny Give Sues Geo. McCarty.

Special The GREENFIELD, Ind., Feb. dictments against three officers of the defunct State Bank, of Fortville, were returned by the Hancock grand jury today. Emerson Cahen, cashier Fortville State Bank. which closed April 1931, chargcounts an indictment with embezzlement because, leged he aware April 1931 that the bank and he accepted deposit of $27 from Nora Hawkins. and also that he accepted deposit of from Kate Taylor after knew, alleged, the bank was failing.

Brothers Also Indicted Two indictments are against AndDenny. director the bank. who charged perjury. alleged on December 1930, he and falsely" made voluntary affidavit the execution for deposit for public funds. also charged that he made that his real estate worth while, charged. he knew his worth much less his in affidavit. He also charged with alleging he deposit when knew the bank insolvent. Charles Denny, also director the bank, brother Denny, charged with representing his real and personal property that fact his estate was worth much than his valuation. He also embezzlement because, alleged he also accepted deposit knowing the bank insolvent.

All Placed Under Bond All the indicted men rested today by Sheriff Frank Stottlemyer and gave bond for each count of the indictments against the three men. named damsuit filed in the Hancock county circuit court Isaac Day, receiver Fortville State Bank. McCarty alleged to have receivapproximately 100 promissory notes from the bank 1930, when he and the officials knew that the institution in insolvent condition. the time the notes transferred to McCarty's possession had the bank. The bank received check for on his account for which are valu at $52,000. The complaint avers that the was and fraudulent and for the purpose of McCarty the other the bank. The asked to return the the receiver of the Fortville State Bank.

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DEMAND IS MADE BANK RECEIVER

For Notes and Damages Against George McCarty by I. H. Day Bank Receiver.

Isaac H. Day, as receiver of the Fortville State Bank, has brought suit in the circuit court against George McCarty of Fortville, in replevin and demand of $50,000. The complaint prepared by Jackson & Hinchman, attorneys, is in four paragraphs.

APPRECIATION

In behalf of the old folks at the county Infirmary Mr. and Mrs. Lewis wish to take this means of thanking the Psi Iota Xi for their lovely valentine greeting of candy and cigars and could you have seen the smiles on their faces as they were passed out you would have known how much they were appreciated. Mrs. Lewis.

IN LOVING REMEMBRANCE

Of my dear husband, Charles M. Walker, who passed away, Feb. 15th, 1931: Day by day I miss you as I Walk through life alone. Time is long since you are gone, I think of you daily and hourly, But try to be brave and content. And through the years be many or few, They are filled dear, with remembrances of you. d-w Rosella Walker.

Amos Bodkin, janitor at the Riley school building, is confined to his home with an attack of lumbago. Jess Walker was substituting for him.

Mr. and Mrs. Dan Geise, sons Kenneth and Malcolm, and daughter Marguerite of Rush county, were Sunday guests of Mr. and

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COUNSEL

Bankers, Charged With Criminal Offenses, gage Lawyers

GREENFIELD Ind., Feb. Four indicted officers of the Fortville State bank, which suspended business April, 1931, obtained counsel. Cahen, cashier the bank; Charles Denny and AnDenny, have retained Tindall of Cahen faces two of and perjury against each Denny brothers. Fred Huddleston, assistant cashier, who was indicted on two charges embezzlement, engaged George Barnard, Indianapolis, and Charles Tindall. Huddleston has been connected with the state banking department for some time. He Cambridge City the time the indictment was returned.

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Indicted Former Bankers' Counsel

The GREENFIELD, Ind., Feb. 18.Four indicted officers of the Fortville State bank which suspended business in April, 1931, have obtained counsel. Emerson F. Cahen, cashier of the bank: Charles Denny and Andy Denny, directors, have retained Charles Tindell of Greenfield. Cahen faces two charges of embezzlement while & charge of embesalement and perjury was returned against each of the Denny brothers. Fred R. Huddieston, assistant cashier, who was indicted on two charges of embezslement, has engaged George Barnard, of Indianapolis, and Charles Tindall. Huddleston has been connected with the state banking department for some time: He was at Cambridge City at the time the indictment was returned.

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Bank Receiver in Possession of Notes and Money

Isaac receiver the Fortville State Bank, recently took possession money involved in damage suit filed in the bank against George McCarty. The suit instituted in the Hancounty circuit court recover $50,000 notes bank officials turned months ago, bank receiving personal check who had checking with the bank. The complaint alleges that transfers of the notes from bank to Mr. McCarty made in order to defraud the bank prefer Mr. McCarty to the other common depositors. After the was filed. the defendant, Mr. McCarty, the choice of bond and retaining posnotes turning them receiver until the suit in totaling in and in bonds, turned over to Mr. Day The approved the Citizens Bank, of this depository for the notes. money bonds until their rightful owner determined.

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Was Farm Loan Agent, Receiver and OffiDeaths.

GREENFIELD, Ind., October 16 H. Day, age sixty-five, in died suddenly Sunday his home in Green township while preparing to go with his wife to the celebration of the fiftieth wedding anniversary her parents, Mr. Mrs. Elwood near Eden. The canceled following Mr. Day's death. He secretary of the Hancock County Insurance Company, representative Federal Farm Loan Bank serving receiver for the Fortville State Bank. He Mason and Knight Templar survived widow and George Oakes, soldier in the United States army thirty years and retired officer, his home by the widow and five services held yesterday for Mrs. SavanWilson, age She survived by her husband and two daughters Funeral services were yesterday Little York Lucinda Cravens, age eightyfour, widow of John Cravens, veteran. She is survived by three children.

Other Deaths in State.

Elzue Stewart, age dead two sons and daughter survive. were held in East today for Mrs. Sarah Potter, age eighty-five. Two stepthree stepdaughters vive Funeral were the White Creek for Mrs. Frank age fifty. She by her husband four daughters. rites were held here for Robert Yeaste, age The husband vives. died buried today. His mother sisters survive.

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FORTVILLE

Receiver Will Make a Cent Distribution

Lawrence Wood, receiver for the Fortville State Bank, has been authority by the court at Greenfield, five per cent dividend to the common creditors of the bank. This will be the second dend payment. The condemnation of property suit filed at Greenfield by Fortville against the Union Traction Company, to acquire the electric service lines of the defendant in Fortville for municipal plant has been venued to Noblesville.

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MOTION TO QUASH CASES IS DENIED

Special Judge Morris, New Castle, Sets May 20 For Trial of Fortville Bankers

John H. Morris, New Castle, special judge, has overruled motions filed to quash the indictments returned last June against six officials of the Fortville State Bank, and has set their trial for May 20 in the Hancock circuit court.

The six men affected by the action are Fred Huddleston, cashier of the bank which suspended business in the spring of 1931; Emerson F. Cahen, assistant cashier; James M. Cook, president, Delphia Trittipo and Chas. and Andy Denny.

Judge Morris was chosen as special judge several weeks ago, after the defendants filed a motion asking for a special judge.

GREEN TOWNSHIP MAN FILES SUIT FOR DIVORCE SATURDAY

Winston M. Keller, of Green township, is the plaintiff in a divorce suit filed in circuit court Saturday against Inez Keller. The complaint alleges that the defendant is guilty of cruel and inhuman treatment, and on various occasions she called the plaintiff names. The complaint further avers that the defendant became angry because the plaintiff failed to take her to a dance soon after his return from a hospital, and has since refused to live with him. The couple were married September 20, 1932, and separated in January, 1934.

EVA FAE DERRICK GIVEN SIXTH BLOOD TRANSFUSION

Eva Fae Derrick, age 4, daughter of Mr. and Mrs. Clarence Derrick, of northern Hancock county, who was seriously burned in an accident at her home several weeks ago, underwent a sixth blood transfusion yesterday at St. John's hospital in Anderson.

Physicians say more than three-fourths of the child's body was burned in the accident and her recovery is doubtful. The child has undergone numerous blood transfusions in an effort to save her life.

Mr. and Mrs. Ray Davis, Fortville, announce the marriage of their daughter, Ann, to George D. Stafford, son of Mrs. Earl Williams, Noblesville. The marriage took place in Toledo, Ohio, and the couple will live there. The bride was graduated from Fortville high school in 1932.

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RECEIVER CASE IS HEARD HERE

Father-in-Law Seeks Receiver for Son-in-Law's Farm; Other Court News

Submission of evidence in the case of John C. Smith, of Marion county, vs. his son-in-law, Carl Sanders, Hancock county farmer, was begun in the Hancock circuit court Monday. The hearing Monday was for the appointment of a receiver for the farm operated by the plaintiff's son-in-law. The case was continued until Friday. Mr. Smith is asking that a chattel mortgage be foreclosed.

—Fortville Bank Case—

The case of the Fortville State Bank, now in the hands of a receiver, vs. George McCarty, is being heard in the Boone county circuit court at Lebanon. The case was venued to Marion county, and then venued to Boone county. The bank receiver is seeking $50,000 from George McCarty, of Fortville, the receiver alleging that Mr. McCarty illegally obtained notes and other assets of the bank in exchange for a bank deposit. The case was started last spring, but was continued until this fall.

—Other Court News—

Cecile York vs. C. Harold York, citation. Evidence heard and defendant found to be $54.00 in arrears with payments. Support order changed, requiring defendant to pay $7 per week instead of $6 per week for support of his children. Court orders defendant confined in county jail until $54.00 support money and $25 attorney fees are paid.

V. H. Furry vs. George Deeb et al. Case venued to Hamilton county.

Petition of Maude Silverthorn for the admission of Virginia Silverthorn to Riley hospital granted.

Petition of Carl Grigsby for the admission of Gilbert L. Grigsby to the Riley hospital granted.

Petition of Francis Jordan for the admission of Francis Jordan to the Riley hospital granted.

Burleigh W. Hamilton vs. J. E. Bennett. Case dismissed.

Charlottesville Citizens Bank vs. John A. Craft. Finding and judgment in sum of $459.22 for plaintiff.

May Kelly vs. John P. Kelly. Motion for new trial overruled.

The Prudential Insurance Company vs. Bessie O. Dobbins et al. Defendants defaulted.

Nema Burris vs. Fred H. Burris, divorce. Plaintiff granted divorce and custody of their child, Claremma Burris, age 13.

Charles E. Brooks vs. Florence Brooks, divorce. Defendant fails to make appearance. Divorce granted to plaintiff.

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Bank Receiver Sells 200 Notes

Lawrence Wood, as receiver of the Fortville State Bank, yesterday sold more than 200 notes owing the bank at public auction at the north door of the court house after an order of court had authorized the sale.

The notes amounted to about $80,000 and there was but one bidder, Charles Drissill of Fortville, who got the total on his bid of $150.