Bank of Fowler (Fowler, IN)

Episode Information

Episode UID
9387192291296
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
938719229 hash
Start Date
December 18, 1907
Location
Fowler, Indiana (40.617, -87.321)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f64247980a14c35a

Response Measures

None

Events (2)
1. December 18, 1907 Receivership
Newspaper Excerpt
Receivers will be applied for by the state. E. M. Hinshaw, J. W. Levings and C. C. Kelley were sent ... to take charge of Bank of Fowler at Fowler
Source
newspapers
2. December 18, 1907 Suspension
Cause
Government Action
Cause Details
State to bring action and apply for receivership due to alleged illegal real estate investments
Newspaper Excerpt
Receivers will be applied for by the state. D. P. Baldwin ... were sent ... to take charge of Bank of Fowler
Source
newspapers

Newspaper Articles (3)
1. December 18, 1907 The Richmond Palladium and Sun-Telegram Richmond, IN
Article from The Richmond Palladium and Sun-Telegram, December 18, 1907

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Article Text

RECEIVER TO BE APPLIED FOR State Will Bring Action Against Three Banks. ALL OF THESE ARE PRIVATE. Indianapolis, Ind., Dec. 18.-E. M. Hinshaw, J. W. Levings and C. C. Kelley were sent from the state auditor's office today to take charge of Bank of Fowler at Fowler, Citizens' bank at Ambia and Goodland Bank at Goodland. All are private banks and are accused of violating the law in real estate investments. Receivers will be applied for by the state. D. P. Baldwin of Logansport and W. H. Dague of Fowler, are the owners of the three concerns.

2. December 22, 1907 The Richmond Palladium and Sun-Telegram Richmond, IN
Article from The Richmond Palladium and Sun-Telegram, December 22, 1907

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Article Text

PRIVATE PROPERTY GIVEN BY BANKER Consents to Turn All to Meet Liabilities. RUN CAUSES A CRASH. Indianapolis, Ind.. Dec. 21.-John Billheimer, auditor of state, believes that the bank of Remington, a private bank at Remington, is insolvent, but he has not received any definite information as to the cause of its failure. The bank was closed by Robert Parker, its owner, who notified Billheimer of his action. The closing of the banks at Ambia. Goodland and Fowler. is said to have caused a run on the Remington bank that it could not withstand. About $35,000 was withdrawn in three days. Mr. Parker, who established the bank 31 years ago, has agreed to turn over all of his private property to make good the loss, and it is believed that he will be able to pay about 75 cents on the dollar. D. P. Baldwin, of Logansport, was here today consulting with his attorneys about the failure of the banks at Ambia, Goodland and Fowler. Albert Jenkins. one of the attorneys, said that the banks probably will be able to pay the depositors in full.

3. November 28, 1912 The Richmond Palladium and Sun-Telegram Richmond, IN
Article from The Richmond Palladium and Sun-Telegram, November 28, 1912

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Article Text

and checking out $15,000 at another window. He looked to his investment of the money in Arkansas land to make his certificates good for their face. I am against these private banking institutions. In the Baldwin banks these certificates of deposit were valueless and therefore I do not believe they should be assessed as omitted property." Closes Long Litigation. The decision closes litigation over taxes alleged due from the estate which has continued through several years in the local courts. Judges Claybaugh of Frankfort, Lairy of Logansport, and Tillett of Peru, have been called upon to hear the case in one or the other of its various forms. The largest single item of unrecorded property running through the years was found by Judge Tillett to be a mortgage for $13,000 held against Senator W. D. Pratt, of Indianapolis. This mortgage was given in 1891, and a few years later was reduced to $2,500. Judge Baldwin's estate was heavily involved at the time of his death following the collapse of the banks at Fowler, Ambia and Goodland, which he conducted. These institutions collapsed shortly after the private banking law was enacted by the 1907 legislature. Judge Baldwin bitterly opposed the bill and frequently appeared before the legislative committee to protest against it.