The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-07-30
IN THE HANDS OF THE LAW.
John G. S. Harrison Placed Under Ar
rest, Charged with Embezzlement.
His Report as Receiver of the Indiana
Banking Company Filed-The Funds
We're Sunk in Harrison's Bank.

'oupOTIOf SOuFb IOOm INO. Il Was CIOMuOO ySS7
terday morning with spectators the throng be-
ing made up chiefly of the creditors of the In
diana Banking Company, and Harrisons Bank,
in anticipation of the reception of John G. S.
Harrison's report as receiver of the Indiana
Banking Company, which was expected to show
the condition of that trust. The Harrison de-
positors had no immediate interest in the docu-
ment, but they could not suppress their curios-
ity, and so made up fair part of the audience.
All sorts of rumors were afoat, the widest
being that Mr.. Harrison who had been specu-
lating in Wall street. had made successful deal
in railway stocks, by which he had reaped
profit amounting to 100000, and that his attor-
neys would surprise all creditors by settlement
in full.
When Judge Taylor took his seat upon the
bench Addison c. Harris, one of Mr.. Harrisons
attorneys, presented the receivers report, a
voluminous document, which the court would
notallow to be read. The report underwent
examination yesterday, and this morning Judge
Taylor, as he announced yesterday morning, will
take action upon it. The request of the reporters
of the afternoon and morning papers to be al
lowed to copy such portions of the report as
might be of interest to the public was peremp
torily refused by the judge though none of the
attorneys in the case were prohibited from
talking
WHAT THE ATTORNEYS SAY.
It is from the attorneys that the information
is gathered that Mr.. Harrsons report shows
that he should have, under date of July "a, 1884,
in cash. $81. S17. "a and a certificate of deposit
of funds derived from the sale of John L. Ketch-
ANS stock in Haugh, Ketcham 8 Cos iron
works, for $4,000, making altogether $10l,-
81784 OF this amount he says he has on hand
(but the money is not produced in COURT only
Sc, 206.79, of which So, O00is deposited in the
First National Bank of Shelbyville and the re-
naming 81, 206 70 is on deposit in the First Ma
tional Bank of this city The receiver
regrets to say that this sum is all that
he has to turn into court as credit on the $101,
817.84 with which he is charged AS to the
remainder he says he is unable to produce
it. When he received it he deposited
it in Harrison's Bank; that it was received by
the bank in the usual course of business and as
other deposits, and it has been paid out by the
bank, in the usual course of business, with other
deposits, that the panic which came on the 18th
of July caused the failure of the bank and that
the funds are gone
The report shows that the receiver has not
now dollar in his possession, having mort
gagged all his property to secure the sureties
on his bond, and he describes the mortgages
on his residence property, on Alfred Harrison's
homestead and on Parkers Block as heretofore
published
Mr.. Harrison states that some time ago he
drew from the funds of the Indiana Banking
Company So 600 on account of salary as receiver,
and that this is every dollar of the amount in
his custody which he has applied to his personal
use He neglects to state, however that he con-
sidered the bank wherein he deposited the
moneys to be in solvent conditions matter
of which he should have been advised ard which
will probably give him much trouble to explain.
Mention is made that the incumbrance on the
Parker Block is also to secure any Indebtedness
upon the part of Harrsons Bank, as well as liabili
property mortgaged is estimated at $112 600 j. e.,
John C. S. Harrison's residence, $45, 900; Alfred
Harrison's 500 000 and Parker's Block, $45, 000
These valuations are considered too high, and
persons familiar with property values place
Alfred Harrison's homestead at ST, 900, John G..
S. Harrisons $50 600, and the Parker Block, $40
600; total, $4,000, or $4,000 below the figures
as above
Mr.. Harrison's non-appearance in the court
room was explained by his attorney, A. G.
Harris, who presented certificate from DR. F.
S. Newcomer, that Mr. Harrison was in bed
seriously sick, being threatened with congestion
of the brain.
CRIMINAL PROCEEDINGS INSTITUTED.
For the greater part of the afternoon a number