The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-08-14

gentleman giving the above information did not
relate how much money available collateral
there was on hand, but the county treasurer's
BOOKS give the personal" of the bank at 81 49,
1874.
The same gentleman said that all the business
relations between The Banking Company and
the First National han been dissolved. the first
named had turned over to the First
national, or rather the syndicate, S75,-
GOO in stock, for which the consideration was
nil, and the remaining $4,000 was among the
Banking Company assets. The latter originally
had $l50,o00 OF First National stock and they
were not allowed to double II, as were the other
stockholders. but were given the alternative OF
practically donating one-half of their stock to
the syndicate or to the First National, so that
the remainder would have some value, or to
stand In the way of the proposed reorganization,
force the First National to suspend, and then
their $4,000 of stock would have little or no
value. They preferred the former, might
naturally have been expected
MR.. LANDERs TAKES POSSESSION.
During the afternoon Mr. Landers filed his
bond for $500, 900 with Franklin Landers,
Jackson Landers Aquilla Jones, 1. n. PattisOD,
Sample Loftin and Samuel Cutsinger suretles.
He at once took possession of the banks books
and affairs. Mr.. Landers stated to a Journal re-
porter that he knew little or nothing of the con-
dition of the bank, and he could therefore give
no idea OF the assets and liabilities lie wuuld
require several days of Giligent work to deter
mine these things, but they would be made pub
lie as soon possible. He hoped to be able TO
him and he had been assured by the bank
officials that the assets were ample for this pur
pose.
There was considerable feeling among de-
positors over the appointment of Mr.. Landers,
as II was currently reported that the pork pack
ing firm of which he is member indebted
TO the bank large amount. Mr.. jackson Ian
ders another member of the firm, explicitly de-
MES this, however.
THE FIRST SUIT AGAINST THE BANK.
Immediately after the appointment OF re-
ceiver, Mr. John & Judah brought suit against
the partners of the bank for the Dundee Mort
gage and Trust Company. which he represents,
for SOS, 1913, which the company had on deposit
at the bank. and for which a formal demand by
by check was made on Saturday, but was re-
fused This money had been collected by tine
company's various agents in this part of the
country, and by instructions from headquarters
had been deposited with the Indiana Banking
Company.
. THE FIRST NATIONALS AFFAIRS.
The affairs of the First National Bank remain
In statu quo. The most important development
yesterday was the consent of the Comptroller of
the Currency, which was received by telegraph,
TO the proposed increase of the capital stock.
The bank was open all day yesterday, and trans
acted its business a usual Mr.. Lynch sta ted to
Journal reporter that he knew of nothing now
to interfere with the proposed reorganization.
Mr. DePauw would return from New Albany TO-
pers would he executed either to-day or tO-nOr-
row. During yesterday the bank received
number of deposits.
Drafts drawn by the Parke Banking Compan Y,
of Rockville, on the First National Bank will be
PAID by the Indianapolis National Bank.