The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-08-23
BANKING CoMpANY's AFFAIRS.
Mr.. Landers Finally Decides to Give Up the
9gn Receiverskip to MIR. Ritter.

The matter of the receiyership OF the Indiana
Banking Company seems TO be permanently set
tied at last. Mr.. Levi Ritter the latest ap-
pointee, filed his bond for 100000 yesterday
morning, with Thomas II. Sharpe, Ingram
Fletcher, A. Z. Fletcher, Theodore P. Haughey
and Eli Ritter sureties, and this was accepted
by Judge Walker. When the court opened yes
terday morning, the attorneys for the bank
raised the question that judge had the right to
appoint receiver during vacation, but could
not remove one already appointed, and asked
permission to file a bill OF exceptions SO that the
record would show that they were taken at the
time the entry was made for the removal Of Mr..
Landers. Judge Walker refused to
allow such proceeding. and remarked
that he thought the request very strange one,
Insomuch as at the time Landers was removed,
the banks attorney specifically stated that they
would make no exception to the ruling, and that
Mr.. Landers did not desire to retain the receiv-
ership, etc. The Court therefore, ordered the
record to show the facts they existed, and
gave the banks representatives ten days in
which to file hill OF exceptions, besides order
ing Mr.. Landers to make a report to the court
The objections raised in court confirmed the
current rumor that Landers would not give up
the receivership without a struggle, and this be-
lief was strengthened by subsequent events
Mr.. Ritter went down to the bank at IL o'clock
and made formal demand for the books and
papers. Mr.. Landers declined to surrender Them
but said that he would consult his attorneys
further and arrive at decision by 2, O'Clock. At
that hour the demand was again repeated. and
Mr.. Landers announced that he was ready to
give possession The reasons for this action are
best given by one of the attorneys, who said no
n Journal re porter: awe do not believe yet that
a judge can remove receiver during vacation
but we advised Landers TO give up, because if
he continued the contest for the receivership,
the depositors and Others might think that the
was something wrong in the affairs of the bank,
and IL wOuld produce much talk ana bad feeling
think IL probable that7we- will file bill of
ceplions and take the case to general term"
Mr.. Ritter engaged In INSPECTING
the papers, notes, etc., and receipting
for them He said that he would not be able TO
arrive at any definite conclusion regarding the
real condition of affairs for several DAYS. Mr..
Landers will probably make his report either
to-day or tomorrow.
DIR. Ritter's appointments seems to give general
satisfaction TO every body except the bank part
ners and their attorneys. The creditors are es-
pecially we'll pleased. for u Will be rene bered
that Glitter was one of the gentlemen that the
meeting Of deposit0rs recommended the court to
Wallace was ineligible, all the creditors and
their attorneys, so far rs Is known, agreed upon
Mr.. Ritter. 1t will probably not be necessary
for him to employ TWO or three of the leading
law firms OF the city to help bin do the work
correspondent sends the following nforma-
ti0n 10 the journal:
Among the losses by the failure OF the In
diana Banking Company Is & probable deposit
ing o the late Mission sunday-schoOl Associa-
ton the proceeds OF The sale of the real estate
that had belongedtO 1t. The public who con-
! tributed to that fund have no knowledge Of it's