The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-08-12
REPORTS REACH MR.. ECKELS
He Declines to Talk About the Indian
apolis Bank and Citizens, of Muncie.
Turner to Be Receiver of the Latter-Depos-
itOrs and Mr.. Hawkins-W0n't
Issue Exchange.

The reports of Examiner Young and Ex-
aminer Ford on the Indianapolis National.
of this city. and the Citizens National
Bank, Of Muncie. reached Washington yes
terday. Concerning them the Journals
correspondent last evening telegrsphed as
follows:
Late this afternoon the report upon the
condition of the Indianapolis National
Bank and the Citizens National, of Muncie.
prepared by Examiners Young and Ford.
were laid before Controller Eckels. Just
as the Treasury Departments was closing
Controller Eckel stated to q Journal corre-
spOndent that he had only given these
reports a cursory examination. and that he
would not tO-day make public any lnfor-
nation they contained. IL do not think |
shall give out any of she figures liz cit Der
of these reports" said the CONTROLLER. be
cause il will do no good and may do more
harm. We want Quieting influences in
every direction during such times as we
are having. and 1t Is the duty of every one
to do nothing which will give the least
ground for graver apprehensions or afford
for a basis pessImistic aossipers."
1t oan be stated, in a general way, that the
condition of the Indianapolis National is
not ss good, as shown by the report, as lt
was hoped by the Controller to be, but
every step Is to be taken for the protection
of the interests of depositors and stock
holders. The fact that nformatiO con-
tanned in the examiners report may be taxi
en- as groun for crimina prosecutions and
civil suits leads the Controller to be
cautious as TO what may DO published of
the report. The Controller is desirous of
protecting ell interests as best he can and
at the same time he wishes to do no one an
INJURY.
A receiver will be appointed for the Citi.
zens' National at Muncie. The directors
have asked for one, and Examiner Ford has
recommended that one be appointed. This
does not indicate insolvency. 1t means
that the officers Of the bank acknowledge
their inability TO srrang for a resumption
resentauve of the federal government.
Under the direction of a reoeiv-
or. TOO. there can be no
possible charge of Indifferent manage.
ment of any ones interests. There has
been no trenohIng upon the laws at Mum
ole in the way that there has been in the
management of the Indianapolis National.
and no proceedings upon the part of the
government are anticipated, as In the case
dianspolis Nationals management it Is To-
timated that there have been serious in
fractions of the law. and there may be
some gentlemen who will be called to make
explanations.
There has been perfect honesty at Mum
Gle. 1t is probable that Charles Nj. Tur-
ner. of Muncie. will be appointed receiver
be will be named on Monday. Mr.. Turner
has been recommended for the position by
O large amt Der of the citizens of Muncie,
Democrats and Republicans alike. An ex.
perienced and capable banker Is wanted for
this place. one who has the confidence of
the community. and all these Mr.. Turner
possesses to q high degree.