The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-07-22
AFFAIRS OF THE CITY BANKS.
The Harrisons Assign Their Property to
Judge Lamb-0ther Financial Affairs.

Judge Lamb yesterday took formal possession
Of Harrisons' bank, and began the work of
Strengthening out the accounts and attending to
the business that was Immediately pressing. A
number of special deposits were found in the
vaults and returned to their owners. No accnr-
ate idea can be formed of the assets and liabili-
ties and it will be several days before Judge
Lamb viii have a statement of them ready for
publication. In the meantime, he requests all
depositors to send in their pass books to be
balanced. John G. S. Harrison fled a deed in
the recorders Office yesterday, assigning to
Robert N. Lamb as trustee, his home on North
Meridian street (which is already mortgaged to
his bondsmenl and lots Nos. /, 8 and 8 in block
rs in Wrights subdivision of Johnson heirs addi-
ton and his personal property consisting of
household furniture. Alfred Harrison also
assigned his home on Meridian street and his
personal property.
The affairs of the Indiana Banking Company
still attract considerable attention. Several at
torneys representing bondsmen and depositors
held a consultation with Judge Taylor yester-
day, their intention being to secure, if possible,
an accounting from John @. S. Harrison, the re-
%ceiver, and if he make a satisfactory showing, to
secure his removal No definite conclusion was
arrived at. A legal question is involved in the
matter, concerning which the attorneys differ.
When Mr.. Harrison was appointed, last summer
Judge Taylor ruled that a receiver for a bank
could be appointed, but could not be removed
during the vacation of court, and this opinion he
still holds, the effect being that he will
not remove Mr.. Harrison from his trust.
Several of the attorneys maintain that the
right to appoint a receiver, which is covered by
a special provision of the statute, implies the
right to remove, even though there is no regular
term of court. 1t is likely that some definite
action may be taken on the matter, in an unex-
pected direction, either to-day or tomorrow.
Among the various rumors that are af1oat is one
for which some of that gentlemans bondsmen
are responsible-that he has converted about
$75,0 900 of the money belonging to the Indiana
Banking Company to the uses of his bank, and
that only a part of this is secured.
The report that the Encaustic Tile Works had
suspended operations is not true as they are
still running and giving employment to a large
force. The following card was issued yesterday:
It having been rumored that the Encaustic Tile
Works had shut down, all parties interested are In
vited to call at the factory, where l will be glad to
show them through and prove the falseness of the re-
port. ALFRED HARRISON. President.
Mr.. Joseph E. Moore last night said to a
journal reporter that he thought the prospects
very favorable for the ultimate success of the
proposed plan to reorganize Fletcher & Shapes
bank on a stock basis. A large number Of the
leading depositors had already agreed to it, and
favorable responses were being received from
nearly all the others to whom circulars setting
forth the details of the scheme had
been sent. There is nothing particularly new
to be said about the affairs Of this bank. Yes
terday the papers were drawn up for the trans
fer of all the property of S. A. Fletcher, ir,
which is valued at betweed 5000, 900 and $780,.
600, to receiver Wallace, for the benefit of the
creditors. A statement of the assets and iia-
bilities will be forthcoming in day of two.
All drafts drawn on Harrison's Bank by the
National Bank, Of Rockville, will be protested by
the First National