The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1911-08-15
RECEIVER
Of The DGfunCt Bank At
Butler, Ohio
Files A Petition That Is
Quite Sensational
Alleging WiSeDGGdGd Property
TO His Wife
To Avoid Any Financial
Responsibility
Court Is Asked To Declare
Deed Fraudulent
Mansfield News)


The Richland County Bank, of But
Ter, by his attorneys, Brucker and
Voegele, has. begun suit in common
pleas court against F. f.. Wise and
Sylvia Wise to set aside deed.
The plaintiff alleges that he is the
duly appointed, qualified and acting
receiver of The Richland County Bank
partnership, located at Butler, Ohio.
The plaintiff says the partnership con-
ssts of the following members A. w.
Mishey, o. b. Statler, F. E. Wise, A
j. Grubb, /. Hess, Chris Keller and A.
j. Solomon. That each of the above
mentioned parties are partners com
posing the bank mentioned and each
owns a one-seventh interest in the
partnership.
The plain,iff says that on July 90
1911, all Of the above partners joined
in a petition in the court of common
pleas of Richland county, Ohio, to
have a receiver appointed for the
bank, alleging in the petition that the
Richland County Bank was insolvent
and unable to pay its debts The plain
tiff says that on July 20, 1911, and
long time prior thereto, the partner
ship was wholly insolvent. The plain
tiff says that after applying all of the
property and assets of the Richland
County Bank to the payment of its
debts, there will be a large deficiency,
and that all of the private property of
the partners will not be sufficient to
make M the deficiency.
The plaintiff for cause of action
against the defendants says that F.
e. Wise, one of the partners, know
ing that the Richland County Bank
was insolvent, knowing that each of
the partners would be required to pay
large sum of money to pay the
debts uf the bank, and knowing that
If all of the private property of the
parties of the bank would be applied
to the making up of the deficiency
still the creditors would not be paid
in full, yet, on July II, 1911, said
F. e, Wise, for purpose and with in
tent of .defrauding the creditors of
the Richland County Bank, caused a
deed to be put on record transfer
ring to his wife, Sylvia Wise, with
out any consideration whatever, lot
No. 35, situated in the village of But
Ter.
The deed purpoTts to have been
made on July IL, 1908, but plaintiff
says ne has no knowledge when the
deed was executed and delivered, but
has reason to believe, and therefore
charges the fact to be, that the deed
was made since it became known that
the bank was insolvent, and also that
the deed was made for the purpose
of defr iuding creditors of +. e. Wise
and the Richland County Bank, and
was made without any consideration
whatever. That the deed, If made at
the time it purports tohave been made,
was made secretly, and the fact that
such Iced existed, was kept secret,
and the same was done for the purpose
of defrauding the creditors of F. E.
Wise also that f. e. Wise, after the
Richland County Bank became insol-
vent and after he mad knowledge that
1t would require all of his property
to pay his share of the Indebtedness
of the Richland County Bank, for the
purpose of defrauding his creditors
and the creditors of the Richland
County Bank. caused the deed to be
recorded.
The plaintiff says that the defend
ant, F, E. Wise, knew at the time he
caused said deed to the recorded, that
a suit would be brought to compel him
to pay his share of the Indebtedness
OF said partnership. The plaintiff says
that until the deed was left for record