The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-02-02

take them any length of time to do it. They
can pay it at once over the counter This ex-
pressed the feeling that kept affairs out Of heat
and excitementyesterday.
The exact state Of the Ritzinger affairs is diff
fcult to ascertain just now: Mr. Yandes's first
business yesterday was to look over = large
amount OF collection paper that had been sent to
the bank from Eastern correspondents. This
feature of the assgnmentdoes not enter directly
into the trust, and 1t will necessitate more cor
respondence with the branches to learn what
disposition shall be made of the paper. To-day
he will put the clerks at work on the books
to ascertain the exact amount Of Indebtedness.
lie will probably qualify this forenoon in bond
of $500, 600. Allowing this sum- as required by
law, to represent double the amount of the assets,
it is conjectured that they will reach 100000
When this was suggested to an attorney inter
ested in the settlement he suggested that the
amount of bond could not be taken as ac
curate expression of the assets. However. he
thought it sufficiently large. ''Mr. Yandes, he
continued, lis safe. wealthy and conservative
business man. He is slow but always gets there
He will make the most out Of the concern In the
interest Of the creditors"
Further along in the reporters walk he fell in
with gentleman who said: ut has been known
for some time that the Ritzingers were
weak. They have been holding on to the
verge with good deal of tenacity. / believe
this is the last of the weak banks" The bank
was established in 1867, John Baptist Ritzinger,
principal interest therein. 1t had good business
connections. and, to some extent through the
Fletcher influence. maintained an excellent
standing as private concern. At the death of
the elder Ritzinger the business passed under
the management and ownership of A. W. and
Frank l.. Ritznger. 1t had a large class of
German depostors, and dealt considerably with
building association interests. The causes that
led up TO the straitened circumstances immedi-
ately preceding the failure are confined to i'm.
- 80 4~e
the brothers could be seen yester-
day. although an excited creditor sought
every part of Augustus LIS home for
him. This man. George Marott, the shoe dealer,
had balance in the bank, and it is reported,
became dangerously determined in his efforts to
town for rest in a friends room.
The deed of assignment was left with the
county recorder yesterday. 1t gives no inkling
as to the liabilities, nor are there in it any foot
ings or statement as to the probable value of the
assets. The schedules of the latter are quite
lengthy in the enumeration of personal and real
property, as the assignment includes all the
holdings Of the firm and of the two members
thereof individually. Nothing is reserved. The
first item of assets expressed is Simon
Buntes bill of sale of whisky and liquors to the
Rtzingers to partly secure an advance to him of
500, 500. This bill was executed Jan. To- this
year, and covers an invoice valued at $40, 24O. &c.
Under this the second item shows the ownership
OF q Iot or ieai TOBACCO In store AT NO. 10 west
Pearl street, taken on claim against G. W.
Baggerly; also, lot Of scrap iron and steel,
stored at the corner of an alley between Merid-
ian, Pennsylvania. Maryland and Georgia
streets; also an engine and boiler at Hethering-
ton g. Berners. on South street These three
items have no expressed value but following
the cash statements appear cash on hand, 81, 200;
cash items s., 600. The next schedule enumer-
ates amounts of notes due Ritzinger q
Co.. sos, 81, and then is given
statement Of semi assets, consist
ing of stock. shares and notes indorsed
by the Ritzingers, and held by the following
creditors as collaterals: Nassau Bank. of New
York. notes, $43 1856 "a; Franklin Fire Insurance
Company, shares. $1l.500; total, $54 636 "a, to
secure $50, 600; Hedelbach & Co., Cincinnati,
city. notes. $40. 538. for $4,000 Indiana National
Bank, notes. value partially stated, $l5,9144l,
for $25 150 The schedule of full assets contin-
ues with So GLIB SO in notes in the hands of law
yers for collection. and $6,1l6.98 overdrafts.
Then appears an item of machinery sold to
not stated. Twenty shares of Franklin Life
Insurance stock put in at 81, 900, and 285
shares OF building association stock are given,
with the following distribution: Blake Street.
English Avenue, Massachusetts Avenue, JEFF
ferson No g. Mutual, National, Blake
Street No. g. Home Associations, ten share each;
Central, forty shares; South Meridian, Merrill,
Union Depot, twenty shares each; st. Clair, fifty
shares; Metropolitan. thirty shares, and Buildings
and Savings, No. So twenty-five shares. The
aggregate balance has possible value of $25, 600,
if all paid up at average of 5000 per share,
S. 4 000 Augustus w. RitZinger places in the
schedule his personal property as follows Indi-
annapolis Target-shooting Association, five shares
Company, $4,000; Turner Hall Association
shares, $500; promissory notes. 81, 100 He tnrns
in his horses and buggies without expressed
value. Frank L. Ritzinger gives Individually to
to the trust household goods, No. 854 North Me-
ridian street, pony. carriages, buggy, trotting-
wagon, horse and phaeton, without giving value;
life policy in the Mutual Benefit, S. 900; Indian
apolis Target-shootng Association, two shares
value not stated.
Closing with these items of personality the
schedule of real estate owned by tho firm fol-
lows: Lots Z. and in square 81. and part Of lot
in square TO- and one third each of lots 2, 3 and
4 which represents Washington street property;
one third of lot in Blake's subdivision of square
So, lot II in Yandes & Wilkins's subdivision of
square 100. part of block "a, Washington street,
lot 10 in F. A. DavidsonS subdivision. contain
ing "a 100 acre. lot % in S. A. Fletchers outlot
1859, ard $50 acres in Marion county, on the Bee
line (olc Bellefontaine) railroad. individually
Augustus w. assigns lot 70 in Bright, Powell s.
Ellis's subdivision lots 135, 30, "a and 81 in Nc
Kevnan 81 Pierce's subdivision of outiot 12l:
also eighty acres in Greene and twenty in Mad-
son counties. undivided one-fourth interest
in Frederick Ritzinger's estate, the prop
erty lying on Delaware and Ohio streets, and
two parcels of land adjoining, owned by himself.
and lot in Athons subdivision of lot in
the Lawrenceburg s. Upper Mississippi Railway
subdivision of outlot 1853. Frank l.. Ritzinger's
individual holdings are given as follows: Lot
rs, Dunlop and Tutwilers subdivision of Nor
riss addition. lots IL and 10 in Jacob Traub's
subdivision of the southwest addition to the city,
also Is 81 100 acres on the Pike road and one
fourth interest in the Frederick Ritzinger estate.
Mr. Yandes the trustee, could Lot give yester-
day any estimate Of the liabilities; but from
those acquainted with the condition of the bank
and its recent business. though having no inter
est in its assignment. the following has been
learned The deposit indebtedness will proba.
bly, reach $3.50 600, indebtedness to banks 49,
$50; mortgages on Centennial Block $40, 900;
total. $435, 900. with possibly $l5, 900 more, to
bring it up to $3.50, 900.
ESTIMATED VALUES OF ENUMERATED ASSETS
The following expresses the values of assets
enumerated, with the taxable value of the real