The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-07-18

gle dividend Of Topper cent The depositors, in,
any event, are amply secured by his bondsmen,
who represent great deal of wealth.
FLETCHER q sHARPE's AFFAIRS.
Receiver Wallace is still busily engaged in
Strengthening out the thousands of accounts at
Fletcher s. Sharpe,s, bank. but he does. not think
thathe will be able to give an official statement
of the assets and liabilities before the first part
of next week. Mr.. Ingram. Fletcher was down
town short time, in the afternoon. and assisted
IN the work. which is necessarily slow and tedi-
GUS
Yesterday there was placed on record the
deeds made by Ingram and. Albert e.
Fletcher and their res gectiRe wives to Cyrus G.
Hines as trustee for the.creditorsof Fletcher 81
sharpe, and the present understanding IS that it.
VIII be immediately transferred to Receiver
Wallace. Mr. Ingram FletcHers deed includes.
472 tracts of land, including his residence and
other city property and farms, the value of the
whole being gwen at $3.50, 000. Mr. ALBERT E.
Fletcher has conveyed 434 tracts, valued at
100000 The deeds were executed on the 22d
of last February, and it is explained that this
action was taken at that time
in anticipation Of possible future
troubles, Nh. Hines being named. as trustee be-
cause he was known to be reliabla and TRUST
worthy. That gentleman. is. now in the East,
presumably to draw up the necessary papers for
eonEenyance of the extensive property of S. A.
Fletcher, jE, who is in Vermont under treat
ment for his health which is very bad Mr..
Thomas a. Sharpe has not yet made formal
transfer of his property but will do as soon.as
the necessary papers can be drawn up.
NOTES.
Mr.. John G. S. Harrison seems to be financier
Of high degree.
The indianapolis National had the largest
credit with the CLEARING house of any of the city
banks, yesterday.
The Indiana National Bank will protect all
checks drawn on Fletcher g. Sharpe by the Gin
cinnati, Indianapolis st. Louis 6 Chicago rail-
road.
Thecurrent rumor that W. H English had
loaned S. A. Fletcher s. Co. considerable sum
of money on Thursday, has no foundation in
in fact. The latter firm had no use for outside
aid, and no such offer was made by Mr.. English.
Responsibility of the suspensionof Harrison's
bank does not cause any especial apprehension
among business men. for it has comparatively
small number Of depositors. All the other
banks transacted their business as usual yester-
day, and the demand upon them was not greater
than at less turbulent times.
Drafts drawn on Fletcher. & Sharpe by Beem
Peden & Co., of Spencer, Brazil Bank, of Bra
I'll; Farmers and Merchants Bank, of Winches-
ter, Farmers Bank Of Frankfort Citizens
Bank, of Noblesville, Jason Wilson's Bank, of
Marion, Samuel HaIfiilton's Bank, of Shelbyville,
and the First National Bank, of Lebanon, will
be protected by the Indiana National Bank
A rumor to the effect that the Atlas Works had
been forced to suspend, by reason of the bank
failure, was circulated about the close of busi-
ness hours yesterday. 1t had absolutely no
foundation in fact Mr.. Hugh Hanna stated
positively to- a journal reporter, who made in
quiry of him concerning the rumor, that the
works were not even seriously embarrassed by
the failure, aud would not suspend operations
under any circumstances.