First National Bank (Sheridan, IN)

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SECOND DIVIDEND BY BANK RECEIVER

NOBLESVILLE, Ind., Nov. Ora Davies, of Kokomo, receiver for the First National bank of this city, and also receiver for the accounts of the defunct First National bank at Sheridan, has announced that second dividend of twenty-five per cent will be paid in few days to the Farmers and Merchants National Bank of Sheridan. A stock as sessment of one hundred per cent was levied some time ago nd one dividend of twenty- five per cent has already been paid. It is said that half of the 112 stockholders have paid their assessments in full.

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BANK MEN FREE UNTIL JANUARY No. 3 Head-See Puzzle Arraignments in Kokomo Cases Delayed. Luther F. Symons, State bank commissioner, and Thomas D. Barr, his deputy, indicted Saturday by the Howard County grand jury on charges of official negligence in connection with failure of the American Trust Company of Kokomo, will not be arraigned until the second week in January. The Howard Circuit Court is now in recess and will reconvene Jan. 9. Change of venue probably will be asked by most of the eleven persons indicted Saturday. Bonds of $1,000 were posted Tuesday by Symons and Barr and four others indicted with them: Frank S. Owens, president of the bank; Lonnie Warner, brother-in-law of W. H. Arnold, former president; Louis Kirtley, Muncie, the Arnolds' former partner in Florida real estate, and William Cooper, insurance agent. Ora J. Davies, former State treasurer, who was indicted for receiving 1 per cent commission on all State funds deposited in the American Trust Company while he was treasurer, is understood, according to Washington dispatches, to have told Joseph W. McIntosh, controller of the currency, he will resign a: receiver of the First National Bank of Noblesville and the First National Bank of Sheridan. This action, it was reported, will be in compliance with McIntosh's suggestion that the resignations should follow the indictment. Dispatches quoted Davies as saying he had no fear of the outcome of any investigation of his connection with the bank at Kokomo.

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Davies, Kokomo. former treasurer. who has indicted by the Howard county in with the affairs of the American Trust Kokomo, today called company Joseph W. McIntosh, of reney, and view the indictment that ceiver for the First Noblaville and the First National Sheridan. MeIntosh, after complimenting Davies the the affairs two banks under the receivership, said was customary for receiver similar to offer his resignation pending Davies said he prepare his resignation soon reached his The indictment charged that Davies, while treasurer, unlawfully received from the American Trust company.

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Ind Symons

bank commission and Thomas D Barr bank commissioned. indicted by the Howard county grand jury here Sat urday on charges of negli gence in connection with failure of the American Trust Company of Kokomo. today posted bonds of each through their attorneys here Wolfe and Barnes The local court in vacation and IN thought the set for trial when the January convenes Jan Most of the in eleven indictments returned Saturday are expected to be venued from Howard county To Resign as Receiver. Dispatches from Washington today said that Ora Davies, former state treasurer. who was indicted for ceiving per cent commission all state funds placed in the Amer ican Trust Company while he was treasurer. conferred Joseph W MeIntosh. controller of the currency. and suggested that in view of the dictment he (Davies) resign celver of the First National Bank of Noblesville and the First National Bank of Sheridan MeIntosh said this procedure was customary in cases and Davies said he would prepare his resigna tion as soon returned to Indi ana Davies quoted saying that he had no fears of the outcome of any investigation in regard to his connection with the bank Davies and four others indicted with him Saturday posted bonds to day The others were Frank S Owens. president of the bank Lonnie Warner. of W H. Arnold former president of the bank Louis Kirtley of Muncie. former partner of the Arnolds in Florida real estate. and William insurance agent.

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DAVIES' RESIGNATION AS BANK RECEIVER

Dec. resignation Davies, Kokomo, as for the First National bank of Sheridan and the First National bank, of Noblesville, accepted today by Joseph McIntosh, comptroller currency. Davies, former state treasurer recently indicated by the Howard county, Indiana, grand jury in connection with affairs of the American Trust company, of Kokomo. The that Davies, while treasurer, received money from American Trust company. The trust company was closed months order of the bank examiner. lengthy investigation by the Howard county grand jury resulted indictments against Davies; Luther W. Symons, state banking commissioner; Thomas Barr, deputy commissioner; Frank Owens, president the institution time it was closed, and several others.

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ORA J. DAVIES RESIGNS POST

Dec. ignation of Ora Davies, of Kokomo, Ind., receiver for the First National Bank Sheridan and the First National Bank of accepted to-day by Joseph of currency Davies, former treasurer. recently was indicted by Howard county, Indiana, grand jury in connection affairs the AmerTrust Kokomo, Ind. The indictment charged that Davies, while treasurer, unlawfully received money from the American Trust The company was closed few the state the grand Luther Symons, state banking commissioner: Thomas Barr, deputy commissioner: Frank H. the was closed, and several others.

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New Receiver For Noblesville Bank

Noblesville, Ind., Jan Harry Hall, the office of the Controller of the Currency in Wash ington, arrived act as receivof the defunct First National banks of this city and Sheridan. He succeeds Ora Davies, of Kokomo. former State treasurer. who resign after indictment recently the Howard county grand jury following failure American Kokomo. charge until permanent receivappointed.

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NOBLESVILLE BANK RECEIVER ON HAND

Noblesville, Ind., Jan. 20.-(P) R. G. Hartman, of Columbus, O., has arrived here to be receiver for the First National banks of Noblesville and Sheridan, which were closed few weeks ago. Hartman succeeds Ora Davies. former State Treasurer, who recently resigned following his indictment by the Howard county grand jury in connection with the failure of the American Trust Company, of Kokomo.

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SHERIDAN BANK

Local Receiver Makes to Controller

R. Hartman. receiver for the National Bank in this city and the First National Bank Sheridan, said, Wednesday, that had recommended the payment of ten cent dividend for Sheridan This money will the Farmers and Merchants National Bank, of Sheridan, which took assets when the First National liquidated. When the ten cent dividend paid the bank have total of eightycents on the dollar. Hartman says the ten per cent dividend for the depositors of the First National Bank of passed slowly. Originthere 966 of these checks for distribution and less than half of them have been called for. Hartman asserts this nearly always far as his tends. When the money waiting

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Seeks Judgment Against the Thomas J. McMurtry Estate

PAYMENT ASSESSMENT

Will of Hester Kercheval Admitted to Probate In Court

In suit filed in the court Tuesday afternoon, Robert Hartman, receiver the First National Bank, of Sheridan, seeks to the final report of Everett of the tate of Thomas McMurtry, on account of the non-payment stock assessment growing the the bank. Nora Smith, Everett McMurtry and Everett McMurtry administrator of the estate McMurtry made defendants the action. in the complaint receiver that the final report this estate was filed court April and approved that the same margin of $8,000 over and above The had $1,500 stock the defunct bank the time closed doors, said, and this been reported. The ing that the report be set aside that he given judgment for the full amount of the stock against the estate.

Kercheval Will

The will of Mrs. Hester Kercheadmitted probate the Tuesday. family resided northwestern part of the county. The instrument bears the date November 1915 with Wiland George Osborn witnesAll of property queathed to husband John Kercheval. after his death, to divided. share and share alike. among the following chilCox and Robert, Oris, Nellic Clint Kercheval. will that the property Sheridan be the divided husband children. Under the terms the instrument Robert Kercheval made executor the