Huntington County Bank (Huntington, IN)

Episode Information

Episode UID
71019171597
Episode Type
Suspension โ†’ Closure
Bank Type
private
Bank ID
7101917 routing
Routing Number
71-0191
Start Date
January 20, 1933
Location
Huntington, Indiana (40.883, -85.497)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0507d47ebd837a44

Response Measures

None

Description

Article refers generically to 'a Huntington bank' in receivership and mentions closure Jan. 20, 1933; not explicitly named as Huntington County Bank.

Events (2)

1. January 20, 1933 Suspension
Cause Details
Bank closed on Jan. 20, 1933 leading to receiver involvement; specific trigger not described in article.
Newspaper Excerpt
when it closed Jan. 20, 1933
Source
newspapers
2. * Receivership
Newspaper Excerpt
The receiver of the bank filed a petition for the determination of what portion of the city's deposit was to be paid out of the state's sinking fund
Source
newspapers

Newspaper Articles (2)

Article Text

REVERSAL WON ON HUNTINGTON BANK FUND CASE The Tribune's Special Service. INDIANAPOLIS, June 24. โ€” Attorney General Philip Lutz, jr., has obtained a reversal of a lower court decision in the only case appealed involving a construction of the state's sinking fund law which provides state insurance on public funds in closed banks. The Indiana appellate court has reversed the Huntington circuit court in a case involving a Huntington bank. The receiver of the bank filed a petition for the determination of what portion of the city's deposit was to be paid out of the state's sinking fund under section nine of chapter 33 of the acts of 1932. The appellant and attorney general contended that only $16,510.93 was really new money after the sinking fund law became effective. The bank's books showed only $1.30 on deposit by the city on Jan. 1, 1933, but the city held SIX NOMINATED FOR DELEGATES TO POLISH MEET Six nominees for delegates to the national convention of the Polish National alliance of America at Baltimore, Md., next fall were chosen Sunday afternoon by delegates of Gmina No. 24, the central council of Indiana groups of the organization at a meeting in the alliance library at 325 McPherson street. In the order of their strength on the ballot, the following were placed in nomination: Ladislaus Jaroszewski, president of the Gmina; Dr. Francis S. Kubiak, and Andrew Przybysz, all of South Bend; John Fraczek, of Laporte; Alfred Zawisza, of South Bend, and John Kwasny, of Mishawaka. Fifteen societies comprising the gmina will vote on the nominees during next month to elect three. Included are six groups from South Bend and one each from Mishawaka, Laporte, Elkhart, Michigan City, Fort Wayne, Indianapolis, Muncie, Anderson and Evansville.


Article Text

INDIANAPOLIS, June 24. โ€” Attorney General Philip Lutz, jr., has obtained a reversal of a lower court decision in the only case appealed involving a construction of the state's sinking fund law which provides state insurance on public funds in closed banks. The Indiana appellate court has reversed the Huntington circuit court in a case involving a Huntington bank. The receiver of the bank filed a petition for the determination of what portion of the city's deposit was to be paid out of the state's sinking fund under section nine of chapter 33 of the acts of 1932. The appellant and attorney general contended that only $16,510.93 was really new money after the sinking fund law became effective. The bank's books showed only $1.30 on deposit by the city on Jan. 1, 1933, but the city held certificates of deposit aggregating $20,659.06 which it cashed in the bank and then deposited the money Jan. 3, 1933. The city made additional deposits with the bank and when it closed Jan. 20, 1933, its account was $35,410.73. The city contended all this was "new money" covered by the sinking fund except the $1.30 and the trial court so found. The appellate court holds that the cashing of the certificates of special deposit and then depositing the $20,659.06 did not operate to make it new money in the bank to be covered by the sinking fund. The court holds the money received on the certificates of deposit and then deposited, generally, on Jan. 3, 1933, was in no way new money under the sinking fund law.