Indiana Banking Company (Indianapolis, IN)

Episode Information

Episode UID
5165631691004
Episode Type
Run → Suspension → Closure
Bank Type
trust
Bank ID
516563169 hash
Start Date
August 9, 1883
Location
Indianapolis, Indiana (39.768, -86.158)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e5d45e35a3759ecc

Response Measures

None

Description

Bank suspended after depositor run and was placed in receivership; First National separately reorganized.

Events (5)
1. August 9, 1883 Run
Cause
Local Shock
Cause Details
Heavy withdrawals triggered by market uneasiness, margin calls, and reports (including withdrawal of state treasurer funds) leading depositors to demand cash.
Newspaper Excerpt
there has been a large demand by depositors on the First National Bank, and that of the Indiana Banking Company, and large amounts have been withdrawn from both these institutions.
Source
newspapers
2. August 10, 1883 Suspension
Cause
Local Shock
Cause Details
Suspension followed an earlier run by depositors driven by local financial uneasiness and large withdrawals (state funds and margin demands cited).
Newspaper Excerpt
The First National Bank of Indianapolis and the Indiana Banking Company of the same city suspended yesterday in consequence of a run upon them by depositors begun the day before.
Source
newspapers
3. August 17, 1883 Receivership
Newspaper Excerpt
The Indiana Banking Co., of Indianapolis, has been placed under John Landers, as Receiver, to close up its business.
Source
newspapers
4. August 20, 1883 Other
Newspaper Excerpt
On petition of the depositors of the Indiana Banking Company Judge Walker to-day removed Receiver Landers and appointed William Wallace in his stead.
Source
newspapers
5. August 31, 1883 Other
Newspaper Excerpt
Receiver ... made a statement of the condition of the bank to the court to-day, showing its liabilities to be $805,217 and its assets, face value, $909,894; appraised value $406,539.
Source
newspapers

Newspaper Articles (21)
1. August 10, 1883 Sacramento Daily Record-Union Sacramento, CA
Article from Sacramento Daily Record-Union, August 10, 1883

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persons are down with the disease, No deaths are reported to-day. The disease 's said to be malignant dysentery, whose attack grow on a person. The Storm in "The West." DODGE CITY (Kas.), August 9th.-The severest storm ever known in this section struck this city after midnight last night, The wind-guage at the Signal office was blown down, but good judges estimated the velocity at nicety miles per hour. The storm was accompanied by the grandest display of lightning ever witnessed here, it being one continuous sheet of angry flame, There was also a very heavy rainfall, and water stood over a foot deep on Front street. The Salvation Army Again. SYRACUSE (N. Y.), August 9th.-Several weeks ago the Common Council passed resolutions prohibiting the Salvation Army from parading the streets. To-night the entire army determised to defy the Board of Aldermen, and marched through the streets shouting "Hallelujah" and singing hymns adapt ed to popular airs. The police arreated the whole body and escorted them to the stationhouse. When about to be placed in cells the Alderman who opposed the resolution signed their bail bond, and the parties will appear before a Justice to-morrow. Destruction by Fire. DANVILLE, August 9th.-The cotton factory of E. L. & A. Gerst, the tobacco warehouse of S. Holland & Co., the tobacco factory of Soll, Pickery & Oyer; the tobacco factory of W. F. Lowe and several outhouses were burned to-day. The estimated loss is $150,000; insurance, $116,000. VICKSBURG, August 9th.-A fire at Meridian to-day burned three blocks of residences and tenements, causing S loss of $50,000, distributed among a number of perLODS. Insurance, $10,000. A Cave in Lookout Mountain. CHATTANOOGA (Tenn.), August 9th.-Explorers recently discovered a cave at the base of Lookout Mountain, the opening being at low water mark in the Tennesses river, three miles from the city, Explorationa developed a wonderful cave of unknown depth. At the extreme point a very large lake was encountered, into which a fall 150 feet high poured its water with a noise of thunder. Other waterfalls and other interesting phenomens were discovered. Carey's Slayer. MILWAUKEE, August 9th.-It is discovered that Edward O'Donnell, who killed informer Carey in South Africa, lived with his parents, brothers and sisters in Milwaukee for many years. Two or three of the family died insane, and it is said O'Donnell at times showed an unbalanced mind. Indian Hanged for Murder. GALQUAT (Indian Territory), August 9.h.Running Bird" was hanged here to-day for the murder of Running Water." Run on Banks. INDIANAPOLIS, August 9th -This afternoon there has been & larga demand by depositors on the First National Bank, and that of the Indiana Banking Company, and large amounts have been withdrawn from both these institutions. Thermometrical. NEW York, August 9th.-Highest tempera ture to-day, 85° ; lowest, 65°.

2. August 10, 1883 Lancaster Daily Intelligencer Lancaster, PA
Article from Lancaster Daily Intelligencer, August 10, 1883

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Failure of TWO Iudianapolis Banks. INDIANAPOLIS, Aug. 10. - The first national bank of Indianapolis and the In diana banking company have suspended. The syndicate formed to pay off the liabilities of the first national bank has been unable to accomplish its purposes. Large crowds were gathered around the two banks this morning.

3. August 10, 1883 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, August 10, 1883

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As It As Well Demand by Depositors Banking Upon A Heavy the Indiana Company. the Statement of President Lynch and Other Bank Officials. Buy the Report that a Wealthy Continue Syndicate Its Business Will Bank -Views and of Other Bankers. In business circles, yesterday, the rumors the absorbing affecting topic of conversation was of two of the city's Banking banks, and the financial standing and the Indiana become the First National 80 exaggerated did these were appreCompany, a time very serious during results the afternoon that for became known made by a very heavy institutions. hended. It demand was being particularly it depositors that upon these sensational stories were afloat-that the First National, and was about to close its doors neither did anything soon suspend payment. But to the close hours of and the kind, and all up demands were demurrer. of business met without question or somewhat, promptly restored public confidence withdrawal of This fact was steady like as "run" and although there there was nothing The deposits during the day, sometimes occurs. that a an excited weil-authenticated notably report W. C. Deapparently wealthy men, Reynolds, of St. Pauw, syndicate of of New Albany, W. John H. English and buy E. C. a Joseph county, this city, and had determined assume to the Clay pool, of in the bank and allay the controlling interest its affairs, also seemed It is to known management excitement of to marked days degree. past such and that for several have been pending, the sale negotiations yet result in concluded. they may but they are not yet was also called upon indicated, Indiana Backing Company report, and too, was it cluded The in the to pay common out a large amount, which promptly did. LYNCH'S STATEMENT. presiDuring the MR. afternoon Mr. stated A.D. Lynch, to a Journal dent of the First there National, was no reason for was such paying an excited reporter state that of affairs, not as the propose bank to be forced all demands, and enspension did unless compelled which he to did not into a voluntary of circumstances, for two or there by a combination anticipate. He said that had been three months past unprecedented demand alone upon unusual and did not come a very bank's deposits. This banks, who kept from the the city, but the country the First National, their and their reserve depositors funds had at urgent about need $500,000 for of whose The withdrawal of Cooper had money. funds by State Treasurer on hand. and a also the State's greatly decreased the steady balance demand without into voluntary should there bank continue would be compelled assets to could go be into cash. These, relief, the liquidation until ite Mr. Lynch said, for doldollar creditor converted ample to pay every of that, but it would been were There was no doubt had not or lar. time. The bank speculation any means. losing take money and by it was not insolvent movea sell controlling bad investments. He stated, further, that interest a give ment by was on foot to he could not consistently sale a syndicate but of the proposed the day to terms or conditions During to the was consummated. had come until it of the heaviest depositors would not withdraw several and stated that they afford whatever aid they could, their him deposite, fact and that would gave him considerable encouragement. DEPAUY AND ENGLISH and SAY the of Messrs. WHAT MESSRS. English, DePauw, the stockholders Claypool, Lynch's of the At officers held and a several lengthy consultation its conclusion, in Mr. Mr. bank office last reporter evening. sent a card and up was to invited Mr. Journal DePanw, at the Denison English House, was there at about the up to his room. both gentlemen talked reticent freely regarding time, and but were Mr. DePauw the bank's affairs, and intentions. the present their own actions no cause for and said there as absolutely stockholder in the bank, and could alarm. He that was it was perfectly solvent assets were dismeetits knew liabilities, even Of course its the First stand Na tional-or some posed of at probably subrifice. no other preparation k-could for they protracted run without need not fear would that not. a but depositors savings, for they generally, would it. lose their in these views bank Mr. English coincided that he did not own any the syndibut said further questioned regarding were leadstock. When rumored they to make of which both gentlemen thought 80 cate, ing statements members, further would was be than taken they declined at a t a meeting o'clock some this decisive any action be held at the said bank that the meeting either morning. several plans adopted, which will Mr. DePauw were suggested, would relieve sement, inlast night which, present without of bank of continue its its business he said. would and the allow it Great excitement and there He was reafor it in the whether terruption. likely custrously present exigency. not any effort was son state the bank. being prepared made to purchase BANKING COMPANY. INDIANA street yesterday common THE rumor Banking in the Company was was The that the Indiana with the First affected National by intimately connected he vitally affairs of that it would influenced the banks anything that The officials of and both Davis, of the latter. this. Messrs. stated Duy their bank First had nothing deny banking company, the business of the aD had the to do with entirely separate concern. and vesterday, continuing National, but met was all dewands anticipated on no trouble in pretty in shape They they were heavy, and Their rifairs as those were all pressed the other their much the in the city, same and if would they gladly were come also stated their banks shoiders connection Mr. Lynch no connection of wealthy In this company that had it owned some aid. the banking than company have that his bank further The banking and the only transactions not asked any tween them with the capita stock. favore of them, had been through that the the clearing-honee COOPER'S STATEMENT. streets had TREASURER currently reported withdrawn the over Nasome State It was Treasurer State's Cooper fund from the First the mon$500,000 of the weeks ago and had who loaned were in tional to personal friends authorized the Jour- one ey Mr. Cooper there was not that need to say that story. He also said denal word of truth in this question was a special of the amount in of portion immethe large for safe-keeping only, there mid be subject an to echool posit, fund, for which The money was not shoply the diate bank's demand, order keeping. all, but When was Mr. Lynch, Cooper' he of vanits the for was safe made known rect, to Mr. but that several ad hundred said statement was substantially the dollars, balance. which State dition to thousand

4. August 11, 1883 Daily Republican Wilmington, DE
Article from Daily Republican, August 11, 1883

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Bank Suspensions. The First National Bank of Indianapolis and the Indiana Banking Company of the same city suspended yesterday in consequence of a run upon them by depositors begun the day before. The Directors of the First National Bank, at a meeting held in the morning, resolved to double their capital stock by making it $800,000, provided a syndicate headed by MesHTS. Depairw and English would take the management and controlingamount of stock. It was believed the consent of the stockholders not present would be obtained, and the bank relieved of its embarrassment. It was also believed the Indiana Banking Company would be able to resume soon. There was no run upon the other banks. A later despatch states that the First National Bank resumed payments to depositors in the afternoon.

5. August 11, 1883 National Republican Washington, DC
Article from National Republican, August 11, 1883

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TOTTERING BANKS. The Directors of the First National of Indianapolis Trying to Double Their Capital. The Bank Closed and a Large Crowd Awaiting Results-History of the Bank. Special Dispatch. NEW YORK, Aug. Vice President Murray, of the United States National bank here, says: "We have not been advised of the closing of the First National bank of Indianapolis. The demand upon them yesterday must have been sudden, as they have not in. timated to us the want of funds. Their balances are fairly good with us, and they have not called upon us for currency. This bank will not be involved in of their was caused by Their embarrassment any probably troubles. the sudden withdrawal of the state treasurer's funds." By Associated Press. IND., crowds around the First INDIANAPOLIS, gathered Aug. 10.-Large National bank and the Indiana Banking company's office an hour before the opening time this morning. At 9:45 an announcement was made that the directors, who had met at 8 o'clock, were in session, and that the banks would not open for two or three hours at least. Several prominent and influential capitalists were known to be in consultation with the directors, and this fact did much to allay anxiety and excitement, though nothing was made public as to what their plans or hopes, if they had any, might be. Later a notice was posted on the door of the Frst National saying, "The board of director# is in session considering what is best to be done, but have not yet reached a conclusion.' Late in the afternoon it was announced that the directors of the First National had adopted a resolution to double the stock of the bank to $800,000 instead of $400,000, provided the and was to take the syndicate English headed formed by Mr. Depauw management Mr. and controlling amount of the stock. A paper was drawn up to this effect, which was signed by all the directors and stockholders present, and a committee was appointed to get the consent of the stockholders not present. As soon as this consent is completed it is understood that new and strong parties will come into the concern who will make it one of the strongest financial institutions in the country. It may take a few days to do this and gather in the required amount of currency, but it may be done in a few hours. Other banks also held meetings this morning and agreed that if the proposed syndicate was formed they would afford all the assistance to the First National that might be required. It may be said, therefore, that while it is unfortunate that the trouble occurred, there is really no reason for alarm, and that ultimate good may result from it in giving the bank increased strength. Very little information has been obtained as to what the Indiana Banking company may do, but is probable they will be able to resume also in a very short time. There has been no extraordinary demand on any of the other banks for funds to-day. The conference between the directors of the First National bank and the EnglishDepauw syndicate ended at between 2 and o'clock this afternoon. At 2:50 the doors of the bank were thrown open and W. H. English appeared and invited the depositors to draw their money. The crowd outside rushed in, but were checked by policemen, and ladies were given the remained for an or more the all were checks few hour preference. of the presented The after bank promptly closing hour. cashed. open and depositors drew The Indiana larger Banking company their money. has not But resumed. The First National bank of Indianapolis, whose suspension is arinounced was owned Wm. and New for dispatches, John C. many by years. H. in English About the six years ago Mr. New bought the English stock. paying a larie premium for it. This gave him control of the bank in person. Some two years/later rumors got out affecting the financial standing of Wm. H. Morrison. president and principal owner of the Indiana Banking company. The talk became general, and Mr Morrison found it necessary to stop the tangue of gossip. This he did most effectivally for the time by buying Mr. New's interest in the First National paying that gentleman $185,000 in cash for his stock, the price paid being $1.65. This coup d'etat enabled him to pull through, and arrange his affairs to face any storm that might arise. It was inside talk at the time of transfer of Mr. New's stock that Morrison obtained the $485,000 by resorting to extraordinary measures, and predictions were made years age-that both banks would go under. There was flurry in First National stock, and several small holders threw their stock on the market. spicked up by two or three nervy men and a panic was averted. Mr. Morrison, who was reputed to be a two millionaire, but whose property was scattered about in real estate and the like, died about a year ago, and Indiana people in Washington assume that the failure of the bank is due to the discovery that the Morrison estate was found to be practically insolvent when it came to be wound up, WITT WING

6. August 11, 1883 The Rock Island Argus Rock Island, IL
Article from The Rock Island Argus, August 11, 1883

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Sus ension of a Couple of Indianap olis Banks--English and Others to the Rescue. INDIANAPOLIS, Ind., Aug. 10. -The excite Na. the rumors affecting the First bank and the Indiana of this city, has been ment tional pany, over intense. Banking In doors, com- the neither of them opened of both are beseiged by a compact morning and their neither mass to excited depositors, who will yiell persuasion nor the police. The excitement is a centres on the First National, as there feeling that the Indiana Banking company is good deal of a tender to the First National, settles a and that the disposition of the former the future of the latter. Hon. W. H. English, who was the under first of the First National, and its remarkable successful career AlHon. W. C. DePauw, the Terre president whom achieved of New was millionaire; John Reynolds, over bany Haute, and others, are in consultation the First the formation a syndicate to buy stock at National. English holds none of the Rey all but DePauw holds $20,000, and and they are, with of the Indiana Banking company, the largest on the holds tion $104,000 stated authority of that this DePanw to stockholder It nolds now, is $24,000, proposition stockholders English the excep which syn- a dicate has made A them stockholders that each one of at his stock or sell out at dollar. and that a to once the the double majority agreement 50 of cents the stockholders on have signed an the The syndidate will thus gobble sell. part of the stock itchalf itspar value, capionce proceed to is HOW $400,000. tal, major and which will at double making to the it satisfy 8800, They have the ready money business and will carry on find As soon as can get their money they it. and it is on Monday morning of predicted course, busi000 they the want that legitimately demands, This people the the won't will be running as nsual. ness upon the syndicate depends entirely probably buying. have refuse, both banks will The shut. and go into to is that the First opinion If they remain National liquidation dollar, is abund- and able to pay out dollar for antly surplus, but as to the Indiana Banking if it has have a more doubt is expressed it ema company, loose and save itself. If go it, to along ent in company with the First National will come out all right too, Little credence is placed in the story Treas- that withdrawal of the funds of State creating the had anything to do with urer state of affairs. First National has been of say the the present Cooper Business hard result up men had for four months, as the withand that neither of the states funds nor drawal three management, or the both the Chicago may are chargeable, though First margins have hastened the financial matters. citadel The of this Na tional was It had a splendid ropcommunity nearly $2,000,000 of deposits, country and a utation, of custom, much of it solid to which could be depended deposits, fine line of upon "bank round. A good deal lie the it year is alleged. has been done loans on cannot this repti- he ing, and the result is that plenty called tation, in. and there isa demand the with ordinary but no money Bit in right. of paper. of loans, the bank is all out and and course with time to call them in can pay leave handsome surplus. When a Mr. English sold out to Hon and John New be got 165 for his stock, the belief of C. New, out at the same price. It ju mar sold men that there is a handsome that can business one who will take it at par satisfy gin for any ready money enough to command demands This they say English and go in and make will now the old stand The present that the The board of directors of tune the LATER present at future do, is safe. resolution another feeling for the at is National bank adopted 28 double the First in the morning to of their meeting the bank, making it $800,000 the syndistock of instead of $400,000, provided English stock headed by Mr. DePauw and Mr. and cate formed to take the management stoc A was amount of the to this paper was controlling was drawn up signed by effect. directors which and stockholders present, the con all the was appointed to As and a not present sent of committe the stockholders it is get understood soon as this consent is will come new that will make it one that and strong completed parties in the of court into and the the concern. financial institutions do this strongest try. It in may the take required a few amount days hours to of currency gather but THE it may LATEST be done It in call reorganized a few be said that What the First the will open effect the National is not public. But have in made a DeProw terms are English the syndicate stockholders for them at proposition certain margin or to put up a The difference be rate to $800,000 between seil will out the result a certain of this and syndicate, the sum of and Mr. English head made up by the come to the front as the of the will probably will make it one strongest of the bank. banks This in the needed city. assistance The other banks bank The afford all of the crowd proposi that to assembled Indiana in front Banking com n The placed on has dispersed. will also probably be business pany and resume stronger WASHINGTON footing Aug has The instructed acting comp the troller of the currency look into the condition of the report. state First examiner National TO bank. of Indianapolis, and

7. August 11, 1883 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, August 11, 1883

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A PROSPECT OF RELIEF. First National and the Indiana Banking Company Suspend Payment, But the Former Resumes, and Is To Be Reorganized, with Increased Capital and W. H. English as President.

8. August 11, 1883 Fort Worth Daily Gazette Fort Worth, TX
Article from Fort Worth Daily Gazette, August 11, 1883

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RATHER SHAKY. A Run on Two Indiana Banks-The Panic Probably Tided Over. Indianapolis, August 10.-Large crowds githered around the First National bank and the Indiana Banking company one hour before opening time this morning. At 9:43 toe doors of both banks were still closed, and the announcement has just been made that they will not open for two or three National hours. bank, The several directors large of and the influ- First ential capitalists of the state, met at 8 o'clock this 111 ruing and are still in session. but nothing is made public as to the result of the conference. LATER DETAILS. Indianapolis, August 10.-Both the suspended banks remain closed. The following 'notice is posted on the door of the First tional bank: "The board of directors are insession considering what is best to be done, but have not yet arrived at a conclusion." The board of directors of the First National bank adopted a resoulution at their meeting this morning to double the stock of the bank, $800,000, provided a syndicate headed by Mr. Depew and Mr. English was formed to take the management and a controlling interest in the bank. A was drawn to was all up the this directors effect, and which paper stockholders signed pres- by ent, and a committee was appointed to get the consent of the stockholders not present. As soon as this consent is new and come completed, strong parties it is understood will that into the concern that will make it one of the the strongest country. institutions It may take # financially few days in to do this and gather in the required amount or currency. but it may be done in a few h urs. The other bank held a meeting. this morning and agreed that if the proposed syndicate was formed they would afford all the assistance to the First National that might be required. It may be said therefore that whilst it is unfortunate that no reason for really any trouble has occurred, alarm. and there ulti- is mate good may result from it in giving the bank increased strength. Very little information has been obtained as to what the Indiana Banking company may do, but it is probable they will be able to resume also in a very short time. There has been no extraordinary demand on any of the other banks for funds to-day.

9. August 12, 1883 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, August 12, 1883

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The Worried Banks. Indianopolis, 11.-First National Bank opened this morning at the usual hour and had paid out money on small chicks but has not cashed any large draft, but will be able to honor all demanded by Monday. The Indiana Banking Company is still closed. The following notice was pasted on the door this morning "This bank will not open to-day, and the determination arrived at will be announced on Monday." It is generally conceded that with the assets of the bank and the personal responsibility of individual members of the firm there will be sufficient to cover all liabilities and prevent loss to depositors. Indianapolis, 11. - The suspended bank ofthis city is the Indiana Banking Company, a private corporation and not an Indiana national bank. the latter is in no wise afflicted.

10. August 12, 1883 Fort Worth Daily Gazette Fort Worth, TX
Article from Fort Worth Daily Gazette, August 12, 1883

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# SSED THE CRISIS. the Firsational Bank of In- bols Opened-De; ositors Paid in Full. Dolis, August 10. The con- tween the directors of the onal bank and the English- Indicate ended between two o'clock this evening. At utes before three o'clock the e bank were opened, and lish appeared inviting de- come in and get their he crowd outside rushed e checked by the police were given preference. Th nued open for an hour or the closing hour, and al resented were promptly at few of the larger deposi- heir money. It is under- reliminaries for reorgan- the bank with double its tal has been fully agreed will be perfected as speedily with English as pres!- er banks were fuily pre- heet any emergency that but there has been no ex- runs during the entire Indiana Banking Company med.

11. August 15, 1883 The Stark County Democrat Canton, OH
Article from The Stark County Democrat, August 15, 1883

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BANKS SUSPENDING. Two of Them Go Unaer at Indianapolis. INDIANAPOLIS, August 10.-The opening of the doors of the First National Bank and Indiana Banking Company offices was awaited by large crowds of depositors this morning. The directors and large capitalists were in consultation, and it was announced that the doors would not be open before noon. No reasons for the delay have been made public. INDIANAPOLIS, August 10.-The efforts of a syndicate to relieve the First Natienal Bank from its cembarrassments have failed. Two banking establishments here have suspended, the First National and the Indiana Banking Company.

12. August 16, 1883 The Austin Weekly Statesman Austin, TX
Article from The Austin Weekly Statesman, August 16, 1883

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FAILURES. THE INDIANAPOLIS BANK. INDIANAPOLIS, August 11.-The First National bank opened this morning at the usual hour, and has paid out money on small checks, but has not cashed any large drafts. The suspended bank is the Indiana banking company, a private corporation, and not the Indiana National bank. The latter is nowise affected. STOCK BROKERS GO UNDER. PHILADELPHIA, August 11.-W. H. Miller & Co., stock brokers, have suspended. ANOTHER FAILURE. ST. LOUIS, August 11.-The drug firm of Dalton Bros. has assigned. Assets, $20,000; liabilities unknown.

13. August 17, 1883 The Jasper Weekly Courier Jasper, IN
Article from The Jasper Weekly Courier, August 17, 1883

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# BANK FAILURES The Lawrenceburg National Bank has given notice that it will go into liquidation, but will pay in full. The Indiana Banking Co., of Indianapolis, has been placed under John Landers, as Receiver, to close up its business.

14. August 18, 1883 The Superior Times Superior, WI
Article from The Superior Times, August 18, 1883

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INDIANAPOLIS, Ind., August 10.-Ever since the late failures on the Chicagoboard of trade and the subsequent breaks in prices a feeling of uneasiness has pervaded business circles in Indianapolis. This, together with the fact that a large sum of money was withdrawn from the banks to satisfy the demands of brokers for margins, caused a strinagency in the money-market that has culminated in a quiet run on one or two of the banks, The institutions most frequently named in this connection are the First National and the Indiana Banking Company. Negotiations have been in progress for several days for the purchase of a controlling interest in the First National, which the Indiana Banking Company is said to hold, by a syndicate composed of some of the wealthiest men in the state, including W. C. Depauw, of New Albany; John R Reynolds, of St. Joseph County; W. H. English and E. F. Claypool, of this city, and others. If these negotiations are successful and the money these gentlemen control placed to the support of the bank, the present trouble can be surmounted without difficulty, and if the depositors will forbear making a run the stress may be weathered, anyhow. The banks met all demands yesterday, and announced that they would open for business as usual to-day. They have sufficient assets to meet all liabilities, it is stated, but of course they cannot immediately be converted into cash. The First National, which is the oldest and which has always been considered one of the has strongest in the city, a capital stock of $400.000 and of $2,000,000. deposits The Indiana Banking Company has about $1,000,000. President Lynch, of the First National, says that the immediate occasion of the embarrasement of his bank was the withdrawal of $500,000 of the state's funds by Treasurer Cooper. One report says the money is to be used in handling the pork product, but this Mr. Cooper vehemently denies and says that not a cent of the state's money is in private hands, Other bankers say they had no intimation of the particular difficulties besetting the two named, and so do not apprehend any serious results from the present complications. INDIANAPOLIS, Ind., August 10.Large crowds gathered around the First National bank and Indiana Banking Company an hour before opening time this morning. At 9:45 the doors of both banks were still closed. The announcement has just been made that they will not open for two or three hours. The directors of the First National with several influential capitalists of the state met at 8 o'clock this morning and are still in session, but nothing has been made public as to the result of the conference.

15. August 18, 1883 The Panola Weekly Star Sardis, MS
Article from The Panola Weekly Star, August 18, 1883

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W fields in the viciolity of Arestin, Texa have been ravaged by cotton-worms, and on many plantations not . quarter crop would be made WHILE CRASED with Hquor, Anton Ree man, armed with a knife, took possession of the little town of Frisant, Me the other fright, but was finally shot dead by a citi tennamed Henry Herbet. ON the 8th the Collector of Customs Tacoma, W. T. telographed the capture sloop engaged in running Chinese across the line from British Columbia, and asked for an Increased force to continte the work DISPATCHER from Fort Dodge, Kan., on the 8th, positively denied that Texas fever lind been raging among the lattle shipped from Texas. Not a single case of the dis ease had been geen this year. THE Minnesota millers and representatives of railroads running east. at their meeting in Milwaukee on the 8th, failed adjust the grain and flour rates, the rail. road men refusing grant reduction. THERE have been shipped to China from San Francisco during the past eighteen months 25,000 Springfield rifles, 250,000 cartridges, and many hundred bales of cotton-duck for tents, the total value being nearly $5,000,000. THE noted English thoroughbred, Prince Charlie, which has won two bundred races, has been purchased by D. Swigert, the Lexington (Ky.) turf man. IN Baltimore, a few days ago, fire swept off a tinware factory, a synagogue and twenty houses, causing a loss of $80,000. HAIL and rain-storm visited sections Iowa and Nebraska recently which worked terrible ruin to growing crops. Hundreds of cattle and hogs were drowned, and some persons lost their lives. The hail was huge dimensions, and in one locality reported to have fallon to the depth of five feet. THERE has recently been discovered the base of Lookout Mountain, three miles from Chattanooga, Tenn., opening on the Tennessee River, a wonderful cave, in which are lake, numerous waterfalls; and other phenomena. One cataract is one hundred and fifty feet high, and the water descends with a thunderous noise. SEPTEMBER 27 has been appointed by the State Republicans of Maryland for their Convention, to be held at Baltimore. ALL Asiatic ports having been declared infected with cholera by the San Francisco Board of Health, all vessels arriving therefrom must remain at quarantine until examined. IN Jefferson County, Miss., Thomas Sullivan and his son (colored) were of lynched a fow days ago, for the murder an old man named William Froman. AT Talequah, I. T., on the 9th RanningBird, a Cherokee, was hanged by the aua thorities of his nation for the murder of fellow-brave. THE following fires occurred in the South on the 9th: At Danville, Va., one cotton factory, two tobacco factories and other buildings; loss, $150,000; at Merid. ian, Miss., several buildings: loss, $50,000; and stable at Lexington, Ky., including seven valuable trotting-horses; loss, $30,000. NEAR Massilon, O., on the 9th an open switch wrecked a Cleveland and Lorain train, the engineer and fireman being killed and others injured. Unknown persons had opened the switch for the purpose derailing the train. AT Dodge City, Kap., a few days ago a tornado, accompanied by continuous light. and heavy rain, did considerable damage ning to many structures. The velocity of the wind was ninety miles per hour. ROUGH weather was experienced by the bark Numa, which arrived at Baltimore few days ago, from Liverpool, three of the seamen having been washed overboard and drowned. WHILE preparing a blast in a Edward mine near Daviess County, Ind., Edlin and his boy were, a few days ago, blown a distance of thirty feet by a premature explosion, and the eyes of both father and son were torn out. IT was reported on the 10th that crops Virginia were suffering from drought, The and in some sections corn was burned up. last yield would fall far below that of year. AT Tombstone, A. T., advices were be- received on the 10th of an engagement tween Mexican forces and San Carlos Indians, near Opulet, in which Colonel Bor dola and several other Mexicans were killed. ON the 10th it was reported that small- the making terrible work among pox was Indians in Itasca County, Minn. In two ocsmall towns eighty-five deaths had curred. AT Waco, Tex., three men were suffoeated in a well a few days ago. ON the 10th the schooner Sarah Lavina by down off Point Lookout, Md., the was the steamer William Lawrence and chilCaptain of the schooner, his wife, two drea and the cook were drowned. INDIANAPOLIS was the scene of great exon the 10th over the financial the eitement of the First National Bank and latter troubles Indiana Banking Company. The the forremained closed all day, but afterbank at three o'clock in the mer opened a syndicate having perfected and to ar- innoon, to resume business, rangements the capital stock to $800,000. in crease Baltimore a day or two ago, a ice- saAT brawl, Bernard McNally drove The mur- an pick loon through James Carr's heart. derer was arrested. Slay's ago three negroes at A FEW,nights camp, in Amite County, Miss., railroad supplied the contractors with hands were and who then caused them to desert, and banged to trees. caught morning of the 10th the PresidenON the was encamped on a fork having of the tial party River, in Wyoming. After miles the Wind on horseback twenty-one ridden previous, President Arthur day tackle and caught trout enough each fishing He was up at five o'clock the morning, supper. and enjoying camp-life to fullest degree. Foreign Intelligence. MEMBER of the Mexican Legation, Se. A on the 8th denied that

16. August 21, 1883 New-York Tribune New York, NY
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THE INDIANA BANKING COMPANY. INDIANAPOLIS, Ind., Aug. 20.-On petition of the depositors of the Indiana Banking Company Judge Walker to-day removed Receiver Landers and appointed William Wallace in his stead.

17. August 21, 1883 Daily Globe Saint Paul, MN
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Changed Receivers, INDIANAPOLIS, Aug. 20.-On a petition of the depositors of the Indiana Banking company, Judge Walker to-day removed receiver Landers and appointed Wm. Wallace.

18. September 1, 1883 New-York Tribune New York, NY
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THE INDIANA BANKING COMPANY INDIANAPOLIS, Ind., Aug. 31.-Receiver - Ritter of the Indiana Banking Company made a statement of the condition of the bank to the court to-day, showing its liabilities to be $805,217 and its assets, face value, $909,894; appraised value $406,539.

19. September 6, 1883 Wood County Reporter Wisconsin Rapids, WI
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The Indiana Bank Failure. INDIANAPOLIS, Aug. 31.-Receiver Ritter, of the Indiana Banking company, made a statement of the condition of the bank to the court to-day, showing the liabilities to be $805,217; assets, at face value, $909,894; appraised value, $406,539.

20. July 24, 1884 The Dallas Daily Herald Dallas, TX
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BUSINESS BRIEFS. Failures and Assignments. WEAR, BOOGHER & CO. Sr. LOUIS, July 23.-The extensive dry goods house of Wear Boogher & Co., corner of Sixth and St. Charles streets, assigned this forenoon to Nathan Cole. Assets of the firm are given at about $020,000, embracing goods and merchandise to the value of $440,000; open accounts and bills receivable, $175,000; other matter, $50,000. Liabilities not definitely known, but aggregate about $450,000. Cause of assignment was the refusal of New York banks to make customary advances. The firm state that if time is given to realize on actual property on hand. they will not only pay in full, but will havea handsome surplus. About 75 per cent. of their indebtedness is in New ork, Boston and Providence. The only large creditor here is the St. Louis National bank, for $25,000. The members of the firm are: James H. Wear, Jesse Boogher, John P. Boogher, Joseph H. Halliday and Murray Carleton. The assignee took charge of the property this afternoon and will make a statement of the condition of the firm in two or three days, when all creditors will be promptly advised. It is stated a proposition will be made to all creditors to give their notes at twelve months for the full amount of their indebtedness, secured by assets and other good securities, which will make the paper fully equal to dollar for dollar. The members see no reason why, if reasonable time is given them, they will not be able to pay dollar for dollar and have a surplus. The firm has been in éxisence twenty years and say they would have had no trouble had not the New York banks withdrawn the customary accommodations. LOUIS COHN & SONS. CHICAGO July 23.-Louis Cohn & Sons, dealers in cigars, were closed by the Sheriff. Liabilities, $50,000; assets not stated. RECEIVER RESIGNED. INDIANAPOLIS, July 23.-John C. Morrison this morning resigned his position as receiver of the Indiana Banking company, which failed last August for $150,000. This action resulted from the suspension of Harrison's bank. Nothing is positively known concerning the condition of his accounts as receiver, but it is understood that his resignation was the result of pressure. His successor will be named to-morrow.

21. September 19, 1884 New-York Tribune New York, NY
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HARRISON CHARGED WITH EMBEZZLEMENT. INDIANAPOLIS, Sept. 18.-Frederick Rand was to-day named as_receiver at the Indiana Banking Company to succeed John C. S. Harrison. The prosecuting attorney asked permission to file a nolle prosequi to the indictment charging Harrison with embezzlement. It is understood that his request will be granted.