The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-08-04
THE HARRISON RECEIYERSHIP.
Judge Rand Will Succeed Mr.. Harrison
The Status Of the Trouble.

In Judge Taylor's Court, on Saturday the In
diana Banking Company receivership matter
received further attention. Judge Taylor stated
that while in his opinion he was powerless to re
move Mr.. Harrison as receiver during the vaca-
ton, and therefore could not relieve his bonds
men from further liability, he would consent to
their having a special representative to
act in conjunction with said receiver,
to protect their interests. The court stated,
further, that on the meeting of court next month
he should appoint Judge Rand receiver, and an
nounced that he would accept. An amendment
to the previous order of the court was made as
follows:
And it is further ordered by said judge that all cash
funds that shall come into the hands Of said receiver,
his agents, or employees, shall be forthwith paid and
turned over to the clerk Of this court for safe keeping
and the judge holds the matter of the resignation of
said Receiver Harrison under advisement.
1t will be rendered that the first proceedings
in the matter of the recei0ership of the Indiana
Banking Company were brought in Judge Tay-
lor's court, Judge Lewis c. Walker acting for
him in his absence. Judge Walker appointed
John Landers, but afterwards removed him.
when it was shown that he was an Interested
party, and, in obedience to the request of the
creditors, named Levi Ritter as his
successor When Judge Taylor, came to
the bench he held that the
proceedings of Judge Walker in the removal of
the receiver were null, inasmuch as it was done
in vacation, he holding that the court had no
power to remove, although it had to appoint in
vacation. Judge Walker held that the power of
the court was ample to protect a trust at any
time, in vacation as well as in term time. The
action of Judge Taylor practically removed Rit-
ter and reinstated Landers Then, upon the
former showing, the Judge removed Landers, and
appointed John G. S. Harrison. This is a brief
resume of the proceedings which resulted in the
appointment of Mr.. Harrison. AS will be seen,
Judge Taylor adheres to his ruling that the
court cannot in catienremo a receiver. 1t is
fair to say that in this position he is not sus-
tanned by many members of the bar,
who believe thai Judge Walkers action
was both legal and proper, and if permitted
to stand, would have preserved the trust intact.
The decision of Judge Howe, in general term,
was to the effect that there was no appeal in such
cases from the act of one of the Judges; that, a
receiver being an officer of the court, the court
had full and complete control of him, and its
proceedings could not be reversed.
1t is understood that an arrangement will
shortly be perfected whereby those parties en-
titled to dividends will be paid. Receiver Lamb
will probably report to morrow the condition of
the available assets of the Harrison Bank.
The deed of assignment of Thomas II. Sharpe
was fled on Saturday. Howard Gale is named
as assignee.
Drs. Newcomer and Hodges report Mr.. Harri-
son in a very critical condition, and state that
his removal from his residence would be pro-
ductiye of serious results.