gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
30c75bf82a75fe9e
Response Measures
None
Description
Receiver appointed after discovery the concern was a swindle; assets reported as only office furniture.
Events (1)
1.March 14, 1883Receivership
Newspaper Excerpt
Martin V. Adkins was appointed receiver, and will take charge of the company's affairs to-day.
Source
newspapers
Newspaper Articles (10)
1.March 14, 1883The Indianapolis JournalIndianapolis, IN
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Article Text
Struck a Snag. The Marion Trust Company has at last apparently reached its last resting place. Charles E. Shaw, to whom a $1,200 certificate was issued, and upon which he claims to have realized comparatively nothing, brought suit recently against the concern before Judge Walker for the amount and for the appointment of a receiver. Martin V. Adkins was appointed receiver, and will take charge of the company's affairs to-day. The perition alleges that the total assets of the concern, consisting of office furniture, will not exceed $300.
2.March 17, 1883The Rock Island ArgusRock Island, IL
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Article Text
SWINDLING CONCERN, INDIANAPOLIS, March 17.--The receiver appointed to take charge of the Marion Trust Co., in thiscity, reports the concern has been in existence about a year, during which time nearly $200,000 has been taken in. and fifty thousand paid out. Victims to the swindle number about 5,000. Investigation show the assets consists of some office furniture.
3.March 18, 1883The Daily Cairo BulletinCairo, IL
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Article Text
An Enormous Swindle. INDIANAPOLIS, March 17.-A receiver was appointed to take charge on the Marion Trust Company, located in this city. That concern has been in existence about one year, during which time nearly $200,000 has been taken in and $50,000 paid out. The victims to the swindle number about five thousand. The average amount received for each was $50. There are no assets. The concern does business in Missouri, Illinois, and other states.
4.March 18, 1883The Salt Lake HeraldSalt Lake City, UT
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Article Text
AiBig Swindle, Indianapolis, 17.-The receiver appointed to take charge of the Marion Trust Company, located in this city, reports that the concern has been in existence about a year, during which time nearly $200,000 was taken in and $50,000 paid out. The victims to the swindle number about 500. The average amount received from each is $40. Investigation shows the assets consist of office furniture.
5.March 19, 1883Omaha Daily BeeOmaha, NE
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Article Text
A Swindling Concern. Special Dispatch to THE BER. INDIANAPOLIS, March 18 -A receiver has been appointed to take charge of the Marion Trust company, located in this city. The firm has been in existence about one year, during which time nearly $200,000 were taken in and $50,000 paid out. The victims of the swindle number about 5,000. The average amount received from each is $40. It is not likely the concern will pay anything.
6.March 19, 1883Omaha Daily BeeOmaha, NE
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Article Text
A Swindling Concern. Special Dispatch to THE BER. INDIANAPOLIS, March 18 -A receiver has been appointed to take charge of the Marion Trust company, located in this city. The firm has been in existence about one year, during which time nearly $200,000 were taken in and $50,000 paid out. The victims of the swindle number about 5,000. The average amount received from each is $40. It is not likely the concern will pay anything.
7.March 21, 1883The Semi-Weekly MinerButte, MT
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Article Text
A Swindling Institution. INDIANAPOLIS, March 17.-A receiver is appointed to take charge of the Marion Trust Company, located in this city. Reports state that the concern has been in existence about a year, during which time nearly two hundred thousand dollars were taken in and fifty thousand paid out. Victims to the swindle number about five hundred. Average amount received from each, forty dollars. An investigation shows the assets consist of office furniture.
8.March 22, 1883The Indianapolis JournalIndianapolis, IN
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Article Text
You'll Have to Ask the Fool Killer. Lafayette Journal. The Marion Trust Company, of Indianapo lis, has gone into the hands of a receiver. The assets consist of one chair and ONE desk. This company found many dupes in Indianapolis, and did some wholesale swindling. How long will people continue to bite at these robbing schemes?
9.March 23, 1883Savannah Morning NewsSavannah, GA
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Article Text
The Marion Trust Company, located in Indianapolis, Ind., and doing business in Illinois, Kentucky, Ohio, Tennessee, Missouri, Mississippi and Alabama, has come to grief. During the year it has been in existence it took in nearly $200,000 and paid out about $50,000. The receiver says it is not likely the concern will pay anything. The manager is interested in a similar institution in Chicago known as the Union Benefit Association.
10.March 24, 1883The Milan ExchangeMilan, TN
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Article Text
The Márion Trust company, of Indianapolis, Ind., is in the hands of a receiver. The company had some policy holders in this state, who will, of course, lose what they paid into the concern.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
