The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-08-17
THE INDIANA BANKING co.
The Partners Make Individual As
sessmentS.
A Suspicion of Shrewd Financiering-New
Suits Begun-The Reorganization of the
First National Bank Completed.

The partners in the Indiana Banking Com
pany yesterday made individual assignments
for the benefit of their creditors. This action
was not altogether unexpected, and created nj
particular surprise. During the day the deeds
OF assignment were carefully inspected by Q
hundred OF more depositOrs, who expressed
much dissatisfaction with the showing made
as none of the assigners, except Mrs. Morrison
gave any account OF personal assets, further
than household goods.
Mrs. Jane NJ. Ketcham made her assignment
to Howard Cole, of tine following real estates
Lots l, 2, 10, H. and f..t of Is. in Merrll's sub
division of the city. Also, lots 10, II, 1S and
19, in Smith & Ketehan's subdivision of block 5,
In brakes addition to tie city; besides her per
sonal effects, &C insisting principally of house
mold goods and UlOthlng.
F. A. W. Da ris's assignment is also to Mr..
Cole, 1t includes the following real estate: Lots
8, 10, "a IS, 30 Sc 40, 40, so, 81, So and 81, in
lots 10Y and 108 in the city Also, part of lots
IL and 10 in Green & Walters'5 subdivision of
outlot lo1 Also, a part Of lot 10, in Merrill's
subdivision OF outlot 104. The personal prop
erty enumerated consists entirely of furniture
and household effects.
John L. Ketcham's assignment ia also to
Howard Cole. 1t includes the north half OF lot
"A in Ridenour's addition; also, his farm east of
the city, and personal property, consisting OF
Mrs. Morrison's assignment was to Albert
Baker, and includes 2Slo feet off west side lot
4, and 311 feet of east side lot 8, square Sc;
LOT IL, square 40; lot 121 in Cranes addition;
lots SO and 81 in Dunlap ct ais subdivision of
B. F. Morrs's addition; lot in Frazee's subdi-
vision of outot 3; lots 20, 81, %, %, "a, 49, &c
and ~, in Morrison & Talbotts addition also, "a
Widows interest IN lot 8, square 49, except 80
feet off north end; lot IL, square 65 80 feet off
south side lot IS, Green Il Waterss subdivision
of outlOt i OIL; lot and part OF g. in Hallenbeck
ct ais subdivision of square rs; also, house
hold effects. notes by Hendricks Cooper for
q u
claim against the estate Of William II. Morrison
for 81 ,577.74.
The Banking Company also assigns TO Receiv-
ef Landers whatever balances it may have in
the following banks, which were its CORES pond
ents United States National Bank, of New
York; First National Bank of Cincinnati;
Merchants National Bank, of Cincinnati; Ma
tlonal Bank of America, Chicago; Howard Ma
tional Bank, Boston, Union National Bank, Phil
adelphla; Kentucky National Bank, Louisville;
Merchants National Bank, Cleveland; Krauth,
Nachod & Kuhne, New York; j. A Hambleton
Co, Baltimore, and Second National Bank, OF
Richmond, Ind.
THE MATTER OF MORTGAGES.
All of the partners executed mortgages to Mr..
Landers, to indemnify the bank for various
sums of money loaned at various times. Mrs.
Ketcham's was to cover loans amounting to
$45, 0oo while the amounts were not specified
In the other cases. From an inspection of the
papers placed on record it seems that the banks
1857
was concerned, must have been the partners
themselves
Mrs Morrison has also made two mortgages on
Aug 10, to Hannah NJ. Comstock, for
81 1,5oo, which is to cover part of lot
IL, square Go (the Morrison block). Yesterday
another mortgage was executed to John W. Muir
ply, trustee. for 50, 500, to secure the Tinker
estate, which, it seemed, loaned Mr.. Morrison
$4,000 without security, and he was to provide
for the debt at his death by his life Insurance,
but failed to do SO, and it is therefore a claim
against the property he left. These mortgages
have priority over the mortgage to the receiver,
and cover all Mrs. Morrlson's property.
Mr. F. A. W. Davis yesterday decided to Mary
McKeever lot 301 in Brown, Frank & Ketch-
ANS addition, the consideration being $3.50, and
John NJ. Ketcham and wife made a deed to Solo
mon Claypool of an undivided half of tract of
land which they own, the consideration being 81.
1t is difficult TO arrive at any definite conclu-
sion regarding the valne OF the property turned
over in the assignments, but it will probably not
exceed 100000, and is so covered with mort
CAGES that it is doubtful If the creditors will
realize much by its sale-a fact that is creating
much comment and dissatisfaction.
Mr.. Ketcham's inventory shows that he owns
but one share of stock iii the recently ncOrpOr-
ated company (Haugh, Ketcham & Coz, and
that gentleman explains this by saying that the
remaining shares are now in the hands of the re-
ceiver, and the single share is kept, so that he
may still retain the active management of the
concern.
The following additional suits against the
bank were filed yesterday, the plaintiffs and
amounts claimed being as follows:
Loyal E. Griffin, $1,000; Mary M. Clark. 800;
DOrOthea Zumbusch, $780, Isaiah j. Shafer,
5000; Sarah S. Lanman, 5000; Gustave G. Stark,
$780, James Huffman 81 900; Henry SEVERN,
SIS, 500; Rubin Morris, $400; Eli B. Heaton, $500;
H. d. Pierce, trustee, $500; Caroline Huffman,
$500; Henry Roesener, 81 $50; Thomas J. Brad
low, $780, Dora b. Moore, $500: Henry G. Rooney
81 800; Bichard C. Campbell, $500; Thomas b.
Harvey, 5000; Zerelda Backus, 5000; City of In
dianspolIs, 81 ,l03; George Schlotzhauer Sc, 900
In addition to these there were probably a
dozen suits brought in the Justices courts for
amounts ranging from $50 to 5000. In all, suits
to the amount OF about $4,000 have been
brought by depositors
NOTES
Mayor Grubbs had S., JOB of the city's funds
deposited with the Indiana Banking Company.
tits announced that two trustees of this county
had their deposits with the banking company.
Greenfield Republican: 1t IS said that several
of the business men of this county are
caught in the bank Indiana Banking
Captain /. A. Curry, county treasurer about
$500; f. H, Fout, administrator, about SO, 900
Calvin j. Jackson, trustee of Vernon township
So, 600; A. Hagan, of Fortville, and others, the
amount of whose deposits We have not learned
Affairs of the First National.
The reorganization of the First National Banh
has been completed, as will be seen by the sub
Joined statement from Mr.. W. II. English:
To the Public:
R@lo