The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-07-24
RECEIYERSHIP MATTERS.
Hr. Harrison Resigns but His Successor
Is Not Yet Named.
4 Protest from the Depositors Against the
appointment of George G. Duy-Meet-
ing of Creditors of Harrison's Bank.


seiver of the Indiana Banking Company, is in
the hands Of Judge Taylor, and the court was
In session yesterday to appoint his successor
George c. Duy had been decided upon for this
position, but to his appointment John NJ Judah,
and other principal creditors, made objections,
on the grounds that Mr.. Duy Represented
the interests Of Mrs. Morrison in the bank and
was its acting manager at the time Of the suspen
sion Judge Taylor reviewed at some length the
trouble that he had experienced in getting a re-
ceiver for the banking company, and said that he
badappointed Mr. Harrison becauseitw was thought
Shat he would discharge the duties of the trust
IN way that would benefit the creditors and re-
fleet honor upon himself. 1.-THE appointment
has turned out unfavorably,n said the court; I
have been deceived. and it is necessary that a
change be made, He said further that he had
thought of appointing Mr. Duy because he was
familiar with the duties of the position. but the
interests and wishes of the depositors must first
Of all be considered If the creditors could agree
upon man for receiver he would be appointed
and awaiting any agreement that they might
make, further action was postponed until this
morning
MEETING OF THE DEPosIToRs
At half PAST o'clock in the afternoon the Cir
quit Court room was filled with creditors of the
Indiana Banking Company and of Harrison's
bank, both sets of sufferers making common
cause against John G. s. Harrison. The two
grievances were, however, separated, and the
first meeting held was that of creditors of the
Indiana Banking Company, the other creditors
taking the back seats. 7. e. johnson called the
meeting to order, and John P. Judah was chos
en- chairman, and Mr. Stevenson secretary
Mr.. Judah said he thought it proper to state
some facts in connection with John G. S. Har-
tison. who had just surrendered the receivership
Of the Indiana Banking Company, and also
something about the proposition that George c,
Duy should be appointed receiver in Harrison's
place. Judge Taylor had said he wished to re-
spect the wishes of the creditors of the
bank, If some other proper person
could be selected who would be salts
factory to the creditors Mr.. Duy came
10 this city from Terre Haute Immediately after
the death of William H. Morrison, and became
the confidential manager of the Morrison estate,
and then went into the bank for Mrs. Mary Nor
Tison and the Morrison estate, who has more
property that the creditors ought to have than
anyone Of that bank. Mr.. Duy has stated on oath
that he was there as manager with Mr.. William
Davis, and admitted that there was no time
while he was there that the bank could have met
The demand Of its depositors, and that if the
true state OF Mr.. Morrlsons afalrs mad been
known the bank could not have run a day. And
yet Ar. Duy had taken the responsibility OF
cunning that bank and of taking money until
and upon the last day, and on the last day he
nad Wltnarawn p 6oo Tor hlmseif tDuyl and
- U0O as executor OF the Morrison estate he
stood behind the counter and took other peoples
money, and the man who was 50 kindly to other
interests is not the man to be receiver OF the In
Waha banking company. Inc quesMon Isl 90
you wan 1s senslein ns rom lerre naute OF
no.ne nonesp cll1en q !nalanapois 70 be ap
polnCeu receiver ana administer tnaJ tfusts
captain Shepherd thought Mr. Duy should be
business Of the hank and conld administar the
trust without the expense that.wonld attend the
employment of a new man. Mr. Duy had been
eiarlr S,,,;v,s, Ha,.r;scri - o.;r-o,..,.;,
Mr.. Rupp said he had signed the petition ask
ing that MI. DIV be appoiI1ted receiver bnt that
he had better Information since and moved that
Judge Rand be nominated for that position.
Several Others spoke some for. some against
Mr.. Duy's appointment and Mr. Stevenson in.
PRODUCED the following resolution, which passed,
only two or three out of fifty votes being in the
negative:
Resolved That Il is the. sense Of this meeting
tbat M CO. D ISs = Z az $3.50 = s messing
ressvsr ~ tbs nss Ranp 70 ace as
feeeiser u ene iuuiAia pallAlng company.
MAJOR UorQon, " II. ROCKER and w. A. Van
Buren, all spoke with enthusiasm OF Judoe Rand
and hoped that he would be annoiptad racaivar'
and wonld accent Is fr -
Jnd0e Ta,Tbss e,.c,, on,;cal a oa;.-,-4
4sfaotorx, n,a,,a oa,aant ~ 49, 80; - 4S y So 80
l P as MIA ~ n .a z y my SS III
tral Dank was hetG up Ior emulation and the
speakers all SAID that Judge Rands qualifea
lions as a lawyer, and his sound business sense,
would make him in every way a proper person
for the place Of receiver It was mt 10 vote
and Judge Rand was the unanimous choice ~ tha
meeting with Otto FrenzeI JasoT Graa1 s+raat
and FrSnl " Ham;lto1 % $500 49,: ooo
aasa T,,5.a T2a5 co,,id - - eioiee' ~
T n pO - naa a Soulu ~ ~ selss
r. johnson presented the following;
Resolved That the depositors and creditors Of
the Indiana Banking Company ask and demand that
the court before whom the matter of the receivershp
of said bank is pending take immediate action to have
John o. s. Harrison, receiver, make his report at