Blackford County Bank (Hartford City, IN)

Episode Information

Episode UID
71030771489
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7103077 routing
Routing Number
71-0307
Start Date
January 1, 1924*
Location
Hartford City, Indiana (40.451, -85.370)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
08356dc528d5d2e3

Response Measures

None

Description

Bank had closed circa 1924 and was in liquidation; a court-appointed receiver named in 1930.

Events (4)
1. January 1, 1924* Suspension
Cause
Voluntary Liquidation
Cause Details
Bank closed its doors around 1924 and entered a liquidation process, returning a portion of deposits to depositors.
Newspaper Excerpt
the old Blackford County Bank, which closed its doors here five years ago.
Source
newspapers
2. October 23, 1929 Other
Newspaper Excerpt
Ask Bank Receiver. A petition was filed in the Blackford Circuit Court late this afternoon, asking that receiver be appointed for the old Blackford County Bank, which closed its doors here five years ago.
Source
newspapers
3. November 16, 1929 Other
Newspaper Excerpt
That a bank stockholder is liable to a par assessment on the amount of stock that he owns... The bank now is in the process of liquidation.
Source
newspapers
4. December 19, 1930 Receivership
Newspaper Excerpt
Charles J. Clamme... was today in the Blackford Circuit Court named receiver the bank.
Source
newspapers

Newspaper Articles (3)
1. October 24, 1929 The Star Press Muncie, IN
Article from The Star Press, October 24, 1929

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Article Text

HARTFORD CITY JAIL DELIVERY No Trace of Gar Williams, Held as Lunatic. Hartford City, Ind., Oct. 23.-Tonight no trace had been found of Gar Williams, 43, of Montpelier, who escaped from the Blackford County jail some time between last midnight and this morning. Williams gained his release by taking the lock off the cell block in the jail. He hid the lock in the bedclothes of his cell, but no trace has been found of the screw driver he must have used in taking out the screws that hold the lock. The fact that he had escaped was not discovered until his breakfast was taken into the cell house this morning. Alleged Head of Cattle Thieves. Williams had served twice in the Easthaven Asylum at Richmond. Recently he was released there as cured, but was picked up again. He is alleged to have been the head of gang of cattle thieves in the northern part Other members of the alleged gang are now serving time. Williams esr caped a similar sentence on the grounds of insanity. It is believed that he may have gone to Pittsburgh, where he has relatives. Quiz Suspected Trio. Mr. and Mrs. James Glover and Mrs. Arthur Croy were questioned today in connection with the escape. It is the theory of the authorities that they may have smuggled a screw driver into the jail when they came to call upon Art Croy. who was taken to the state prison yesterday to serve term for robbery It is believed that Croy might have been taken away too soon for the jail attempt to be made by him. Ask Bank Receiver. A petition was filed in the Blackford Circuit Court late this afternoon, asking that receiver be appointed for the old Blackford County Bank, which closed its doors here five years ago. Since that time the bank has been in process of liquidation with Charles J. Clamme as agent. The petition also asks that the stockholders of the bank be assessed. The bank to date has paid back 70 per cent to depositors. Hartford City Briefs. George Spangler. well known North Wabash avenue resident. died late today. after an extended illness with paralysis and heart trouble. The county treasurer's office here

2. November 16, 1929 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, November 16, 1929

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Article Text

STOCKHOLDER OF BANK HELD LIABLE FOR LEVY Blackford Circuit Court Decides Full Assessment Legal. Bu United Press HARTFORD CITY, Ind., Nov. 16. -That a bank stockholder is liable to a par assessment on the amount of stock that he owns was the decision of Judge Victor Simmons in Blackford circuit court here, in the case of Robert Simison and others against Addie Byall and other stockholders, directors and officers of the closed Blackford County bank. Plaintiffs sought an assessment of stockholders and appointment of a receiver to assume charge of the assets. Judge Simmons' ruling specifically held that W. C. Horn, a stockholder, was liable to an assessment and awarded a judgment against him for $800, representing eight shares of stock. The bank now is in the process of liquidation. Two. suits before the Indiana supreme court concern liability of bank stockholders to an assessment. One is an appeal from the Wells circuit court holding that stockholders are not liable to assessment and the other is an appeal from the Wabash circuit court to the contrary.

3. December 20, 1930 The Star Press Muncie, IN
Article from The Star Press, December 20, 1930

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Article Text

JUDGE NAMES BANK RECEIVER Clamme to Serve as Agent Hartford City. Hartford City, Ind., Dec. 19. Charles J. Clamme, who been liquidating agent for the Blackford County Bank, which closed its doors here six years ago, was today in the Blackford Circuit Court named receiver the bank. A suit has been pending in the court here for some time, asking that assessment made upon the stockholders seeking the appointment of receiver. No action taken it. awaiting the decision of the Indiana Supreme Court as to the stockholders' liability. Action Follows Liability Decision. With the recent decision that stockholders are liable for their stock and sum equal to the amount of it, the here being pushed again The action today will be followed, it expected, by an assessment on the stockholders. bank was capitalized for $75.Some the stockholders are insolvent. with result that the 100 per cent assessment probably will reach about $40,000 is estimated that will provide for 10 cent distribution to depositors The band already paid back 73.6 per cent depositors, which is considered a fine record. Fined on Gambling Charges. Roy Smith, Marion Kemp and William Martelle, this were given fines of $25 and costs. totalling $35 in each case. in the City Court here today on possessing gaming follows raid made last fall in slot Recently the courts held that slot machines could not be unless they found in operation. Following the assessing of the fines, therefore. machines turned over to William H. Ritchie, of Eaton. the owner. who recently brought replevin actions against Sheriff Ira Barton and Chief Police William Speidel. showing for developed today in the being drilled on the John Glancy farm northwest of here in Washington Township The well is now about 1,000 feet. will be drilled deeper. Christmas Programs Arranged. The first of the Christmas programs here given afternoon by various of the associations. Other programs will be given by the tomorrow and Sunday. schools will programs the first of prior to the for the Christmas James W. Meranda. 39, and Orpha Miller 30, of this city, married here today by M. Bonham, justice of the peace. They went to Muncie to spend the and will then return to this city to make their home