The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-09-01

ASSETS.
,otal assets .S9O9, s94.67 S4O6, $50. 90

AS will be seen from the affidavit attached to
the schedule herewith filed, the appraisement
of all the assets OF the bank, except the real
estate, and also the estimate of the ultimate
liza bility of the bank on account of its endorse
ments of notes rediScounted was made by V. L.
Malott, John Frenzel and George Yandes, who
have bestowed much time to inform themselves
Of and in properly weighing the facts bearing
upon the subject in coming TO their conclusions,
and only this morning finished their labOrs.
The estimate OF the Morgan county farms was
made by persons living in the neighborhood and
well acquainted with their value. The pork
house in this city appraised by Jason II.
Greenstreet and Isaac N Neeld land the other real
estate in this county by persons competent and
able to form true estimate thereof. The esti-
mate of real estate, outside Marion and Morgan
counties, by Mr.. Duy, who has had charge of all
the real estate OF the company, and is well in
formed in relation thereto. 1t is my opinion that
the money that Will be realized from the real eS
tate will fall short of the appraisement put upon
1t. have had no time to examine titles, and the
values fixed upon the basis of perfect titles.
W. 5. Hubbard holds in trust some real estate,
portion OF the proceeds of which will be paid to
the receiver, but the same is collateral
TO certain notes appraised herein, and will
therefore not enhance the assets g, A. Dryer
also holds trust deed to other property In the
county, from which il Is hoped the assets will be
increased several hundred dollars, provided
first mortgage thereon can be pro yided for. The
assets may be further enhanced by what may
be realized from proceeds OF certain mortgages
by some OF the members of the banking firm to
John Ianders, as trustee Said trusts, am in
formed, are first for the benefit of individual
creditors, and secondly for the creditors of the
Indiana Banking Company. AS 1t Is Impossible
now TO ascertain the amounts of individual
debts thus preferred cannot make any esti-
mate of the value of these mortgages TO firm
creditors. The assets may be fur Their increased
few hundred dollars from the proceeds of stock
and grain from the Morgan county farms Doubt
less other items, both of liabilities and assets,
Will come to light, bus it is believed will not
materially change the ABOVE figures he above
is all that has come to my knowledge, with the
assistance of the gentlemen above named and
the labor performed and knowledge acquired by
my predecessor, who has kindly and generously
given me the benefit of his services whenever
asked. believe the foregoing to be true and
full a statement of the condition of the trust in
my hands as can now be given. All of which is
respectfully submitted.
LEVI RITTER, Receiver.
Accompanying the report were schedules
giving detailed list of the real estate owned by
the bank, and the names of debtors and the
amount owed. By instructions of Judge Taylor
these were carefully locked up. so that reporters
could not get at them, for reasons which are not
exactly clear.
1t will be noticed that the amount of total
Liabilities given above does not include the
$4,000 which it is thought the bank will have
to pay on rediscOunted paper Including this,
liabilities. aud it Is thought that about $l0 900
will be realized from the private fortunes of the
partners in the concern.