The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-03-04
one SCHEDULE OF DEBTS
FILED IN THE HAMMOND-ALLEN
CASES AT GREENCASTLE.
Mr.. Hammond Is Said to Owe the Bank
More Than II Allowed by Law-Va-
Iidity of Two Realty Deals.
special to the Indianapolis Journal.

Special to the indianapolis Journal.
GREENCASTLE, Ind. March 3.-The re-
cent assignment of Thomas c. Hammond
and Jerome Allen to the Central Trust
Company of this city has opened up a series
of the most unexpected conditions, and the
end is believed to be more serious than even
the most pessimstic thought it would be at
the beginning of the trouble Mr. HAM
mond was president and Mr.. Allen was
cashier of the First National Bank OF this
city, and at the time of their assignment
had just closed their fortieth year each
i'm their respective offices in the bank men,
toned 1t was thought they were the most
responsible men in finance in the city, and
the news of their assignment was a shock.
While the assignment was of personal
property only, it has had an effect on the
bank in that the men were indebted to the
bank for large sums.
The only sworn statement filed i'm court
in connection with the case giving figures
was that Of the new president of the First
National, Alfred Hirt. who swears that
Mr.. Hammond owes the bank $50 900, him
self $500. Henry Grub s4l00, George w.
Black s2,05O, Mary l.. Allison 81 $780, Emma
Jones $3.50, Harriet Ireland $500, trustees
of the Presbyterian Church of this city
81 900, Thomas Williamson $1,000. Mary B.
Ames So, 800, Genevieve Ames $1,000, Anna
Glidewell 81. 500, total of $50. The certi-
fed statement also says the total Indebted
ness of Mr.. Hammond is known to be more
than $4,000. The petition asks that Andrew
A. Black be appointed trustee of the Ham,
mond matter I'm place of the Central Trust
Company.
The statement of Mr.. Hirt that Mr. Ham
mond while president of the First National
been generally understood that Mr.. Ham
mond and Mr.. Allen together owed the
bank less than $4,000 IL Hirt's statement
se Gont M fase
as the Indebtedness of Hammond. as given
by Hirt, to the bank is much more than is
allowed by law. 1t Is reported ported from au-
taken to have the entire case given to the
federal grand jury, and that this will be
done by the federal judge In case the bank
ruptcy court is asked to pass on the mat
ter of the trusteeship. 1t is reported that
Terre Haute and Brazil creditors of the
two men are the most active in urging fed
eral action.
The administrator of the estate of Caro-
line Hammond, wife of T. c. Hammond
this week filed two deeds executed more
than twenty years ago, conveying real
estate from T. c. Hammond to his wife
the property being valued at more than
$4,000 These deeds are the object of a
suit in which II is sought to have them SET
aside on the ground that they were made
at a time when the property covered by
them was incumbered with debt; that they
were not recorded within a reasonable
| length of time, and that they transferred
the property without a consideration. The
recording of these deeds has precipitated
action against the Hammond side of the
! various cases. as ii is understood that the
| proof of their validity will remove con.
| siderable amount of the assets of the as
signor, interest being taken into considera
! ton.
Action on the application for a change o
| trustee is being delayed by court I'm the
belief that the case will be taken up by
| the Federal Court.