Manilla Bank (Manilla, IN)

Episode Information

Episode UID
71081971571
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
7108197 routing
Routing Number
71-0819
Start Date
November 10, 1930
Location
Manilla, Indiana (39.574, -85.619)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
282d58fe3adcffd4

Response Measures

None

Description

Closure by state examiner followed allegations of embezzlement by the bank president; bank remained defunct under receivers.

Events (4)
1. November 10, 1930 Suspension
Cause
Government Action
Cause Details
Closed by the state banking department/examiner after investigations amid allegations of embezzlement by president Thomas K. Mull.
Newspaper Excerpt
The bank was closed November 10 by a state bank examiner.
Source
newspapers
2. December 5, 1930 Receivership
Newspaper Excerpt
Important matters concerning the affairs of the Manilla Bank, closed several weeks ago by the state banking department, were filed Tuesday in the Rush circuit court by Clyde Whisman and David Carmony, receivers of the bank. The total appraised value of all property belonging to the Manilla bank at inventory and appraisal made December 1930, was ... Inventory was made by Mr. Whisman and Mr. Carmony, receivers, and the appraisal was conducted by ... (appraisal made December 5, 1930).
Source
newspapers
3. April 27, 1931 Other
Newspaper Excerpt
A petition to pay depositors in the old Manilla bank thirty per cent dividend was filed Saturday in Rush circuit court by Clyde Whisman and David Carmony, receivers of the bank, and was set as date of May hearing by Judge John Titsworth.
Source
newspapers
4. December 14, 1931 Other
Newspaper Excerpt
Quashing of the indictments followed court order Saturday in probate court where Judge Titsworth granted the petition of the bank receivers for the payment of thirty per cent dividend to depositors of the old Manilla bank. The court ordered the dividend to be paid immediately.
Source
newspapers

Newspaper Articles (13)
1. November 14, 1930 Rushville Republican Rushville, IN
Article from Rushville Republican, November 14, 1930

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Article Text

ASKS RECEIVER AND INJUNCTION IN BANK AIFFAIR FROM PAGE ONE tion suit are Clyde Whisman, Fred Gross and Gus E. Riley who, according to the complaint, have on deposit in the Manilla bank $200, $2,000 and $450 respectively. The suit purports to represent also more than 400 other depositors of the bank. John H. Kiplinger and Jean R. Kiplinger are attorneys for the plaintiffs. Defendants in the injunction suit are the Manilla bank, its president, Thomas K. Mull; and Oscar L. Williams of Shelbyville and Russell B. Titsworth of here, attorneys named Thursday by Mull as assignees of his and the bank's property. The suit would prevent Williams and Titsworth from taking charge of the bank's assets. Hearing on the injunction action was due before Judge John A. Titsworth this afternoon. Filing of the suit followed closely on the action taken by Mull in naming Titsworth and Williams as assignees of his and the bank's real and personal property. The attorneys were also empowered by Mary M. Mull, sister of the Manilla bank president, to take charge of all her real and personal holdings The assignment turned over to the two attorneys the charge of all the real estate, personal property, notes and Manilla bank property of Mr. Mull. The real estate involved by this assignment includes nearly 3,000 acres in Rush county, one-fourth interest in 80 acres in Marion county and one-third interest in 2,100 acres in Alabama. The injunction suit alleges appointment of the assignees was without court sanction and that no petition of liquidation was filed by Mull. who, the complaint asserts, is sole owner of the bank. It is also set out in the suit that chances of depositors regaining all their money would be jeopadized if both Mull's and the bank's assets were combined and his personal creditors and the bank's paid out of a common fund. Legal lien of the depositors on the bank assets would be rendered nil should the assignment, be permitted, the complaint asserts. It was rumored yesterday that Mull's personal debts would exceed a quarter of a million dollars, not counting debts incurred by the bank over and above assets. The suit sets out that the bank's assets, including notes, cash, bonds, real estate, furniture and fixtures and other properties will exceed $150,000. Deposit accounts total more than $168,000, the complaint states. It was said by informed parties yesterday that Mull's action in assigning the bank's holdings was without precedent.

2. January 6, 1931 Rushville Republican Rushville, IN

Article Text

Total Appraised Value of Property, Made December 5, Was APPRAISAL COVERS ALL BANK PROPERTY Receivers Also File Petition in Court Asking for New Instructions. Important matters concerning the affairs of the Manilla Bank, closed several weeks ago by the state banking department, were filed Tuesday in the Rush circuit court by Clyde Whisman and David Carmony, receivers of the bank. The total appraised value of all property belonging to the Manilla bank at inventory and appraisal made December 1930, was according to the reports filed Tuesday. Inventory was made by Mr. Whisman and Mr. Carmony, receivers, and the appraisal was conducted by Chase Mauzy and Claude Crane, disinterested parties. The appraisal covered everything owned by the bank. The total appraised value of real estate owned by the institution was $7,050, according to the report, and cash represented total of over $22,000. One group of paper obligations owned by the bank appraised their face value, but another list having paper value of was appraised only There were several other items listed the appraisement report, including $238.38 overdrafts which were appraised at $175. Furnishings and equipment of the bank were also listed. Notes owned by the bank were separted into different lists. petition for instructions was also filed Judge John Titsworth by the receivers of the Manilla bank. The petition states that when the bank closed there were in bonds on hand in the Manilla bank. The receivers state that the institution had executed receipts to the owners of said bonds. The bond owners are now demanding that the bonds be released and turned over to their respective owners, according to the petition, and the receivers are asking the court to issue necessary instructions and orders to them connection with the delivery of bonds on return of receipts.

3. January 6, 1931 Rushville Republican Rushville, IN

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NOT GUILTY IS COURT VERDICT IN TRIAL FROM PAGE ONE Tuley, the complaint setting out that the couple was married February 1908, and separated December 20, 1930. The plaintiff charges that the defendant cursed her and called her low names, that he would come violently angry and quarher no reason. That he became unreasonably and violently jealous of her, that he didn't want to go places and that he accused her of infidelity, also charged in the plaint. Mrs. Tuley asserts that her husband has large amount of personal property, valued at proximately and she asking for $5,000 alimony in dition the divorce. By agreement, the case of Manilla bank receivers against low for was venued to Hancock county. William Inlow also asked for change of venue in the case of Josephine Emsweller against William Inlow, et al, for $1,000 note. The request was granted. The court found judgment for total of for the plaintiff in the case of Colt and company against Robert Hall, admr., of the estate of the late Mary Hall, claim for $450.

4. March 6, 1931 Rushville Republican Rushville, IN

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Estate of of Personal Property and Receivers of The that the hereby given Notice Court, Rush Circuit on of the to order Bank, will, pursuant Manilla The Manilla Bank, owned by the building front door of the Public Sale for sale at offer One O'clock Indiana, at Manilla, real estate described the following best bidder, highest and the of Indiana, State in Rush County, located northwest corner of of the feet south (85) Beginning Manilla, Rush plat of the original (21) in number thence (44) feet, thence east Indiana, running County, (44) feet, thence thence west (21) feet, south place of beginning. north to the the southwest quarof northwest corner at the Also, commencing thirteen (13) north, (34), Township ter of Section eighty (80) rods, thence south and running eight (8) east, Range north eighty rods, thence forty (140) hundred and thence east one rods, to the place forty (140) hundred west one (80) rods, (70) acres. containing seventy of beginning, the foltime and place sell at the same will also Said Receivers personal property, described lowing Underwood typemachine; Burrough's adding One Hall writer; settee: check table; typewriter desk; writer; Smith 45 revolvers; Colts chairs; swivel chairs; hall tree; stool; clock; tray; vacuum pistol; coin Wesson 32 30 foot counelectric fan; trays, etc.; boxes; ledgers; 24 deposit other miscellaneous and also and grill work; ter property.

5. April 27, 1931 Rushville Republican Rushville, IN

Article Text

Bank Receivers PetiManilla tion Court to Pay Depositors 30 Per Cent. HEARING ON MATTER TO BE HEARD MAY Now Have $48,379 in Cash Collected, Which Will Create First Payment. A petition to pay depositors in the old Manilla bank thirty per cent dividend was filed Saturday in Rush circuit court by Clyde Whisman and David Carmony, receivers of the bank, and was set as date of May hearing by Judge John Titsworth. The receivers also petitioned the court to determine the deposits. claims and priorities connected with this matter. The total amount due depositors of the bank when the stitution was closed by the state department last Nobanking vember was accordthe of Mr. Whising to report and Mr. Carmony, who man state that they have caused an examination and an audit of the books of the bank to be made. list of depositors, together with the balance due them when the bank was closed, is so submitted. Owners of certificates of posit in the banks are also listed and the receivers have asked the court to fix the date on which interest should be comthese certificates on which total Public funds in the Manilla bank at the time it was closed included for Rush county, $20,for Orange township and for Walker township, the report states. Also included in the report is the number of TURN Six

6. April 27, 1931 Rushville Republican Rushville, IN

Article Text

FIRST PAYMENT Manilla Bank Receivers Petition Court to Pay Depositors 30 Per Cent. HEARING ON MATTER TO BE HEARD MAY Now Have $48,379 in Cash Collected, Which Will Create First Payment. A petition to pay depositors in the old Manilla bank thirty per cent dividend was filed Saturday in Rush circuit court by Clyde Whisman and David Carmony, receivers of the bank, and May was set as date of hearing by Judge John Titsworth. The receivers also petitioned court the posits, claims and priorities connected with this matter. The total amount due depositors of the bank when the stitution was closed by the state banking department last November was according to the report of Mr. Whisman and Mr. Carmony, who state that they have caused an examination and an audit of the books of the bank to be made. list of depositors, together with the balance due them when the bank was closed, is so submitted. Owners of certificates of deposit in the banks are also listed and the receivers have asked the court to fix the date on which interest should be comon these certificates which total Public funds in the Manilla bank at the time it was closed included for Rush county, $20,for Orange township and for Walker township, the report states. Also included in the report is the number of TURN PAGE Six

7. October 14, 1931 The Daily Republican Rushville, IN

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Demanding ProtecSuit, tion from Surety ComFiled Today. pany, BANK RECEIVERS AT MANILLA FILE SUIT Claim Ex-President Converted About $35,000 of Funds to His Own Use. Claiming that Thomas K. Mull defrauded the old Manilla bank, of which he was president, of approximately $35,000, the receivers of the bank filed a civil Rush circuit court Wedsuit in for $17,500 against Mull nesday and the American Surety comof New York. pany The suit, filed by Clyde Whisman and David E. Carmony as receivers for the bank, claims that on November 30, 1918, the surety company and Mull delivered to the bank bond of $5,000, which the company was bound to pay to the bank for any loss, not exceeding that sum, should the bank sustain on money or other personal property account of larceny or embezzlement of Mull long as he on the part as the of the remained in employ bank. The suit contends that the bond was extended from year to year and that the premium was always paid by the bank. During the year from November 30, 1929. to November 30, 1930, the plaintiffs assert that Mull, as president and employe of the bank, embezzled approximately $13,000 of the bank's funds by means of checks. A total of 41 separate illegal check transactions is listed in the suit, they ranging from $5.27 up to $8,784.53. Mull had no funds in the bank with which to pay these checks, the suit declares, and the wrongfully paid out money was of the bank's funds. all occurred beThese acts tween October 17, 1930, and the of that month, it is charged. last The bank was closed November 10 by a state bank examiner suit filed is in five paraThe the second and third graphs and similar to the first paraare grand larthey charging graph, well embezzlement. as as ceny The fourth and fifth paragraphs with putting worthcharge Mull less notes in the bank. he knowing them to be worthless, and TURN TO PAGE

8. October 17, 1931 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, October 17, 1931

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Article Text

# FORMER BANKER # FACES CRIMINAL # TRIAL AND SUIT Civil Action Seeks Recovery of $17,500 Alleged Stolen at Manilla. By Times Special RUSHVILLE, Ind., Oct. 17.- Thomas Mull, former president of the defunct Manilla bank, facing three charges of embezzling its funds, is also defendant in a civil suit in which $17,500 is sought. The American Surety Company of New York is a co-defendant. The suit was filed in Rush circuit court here by Clyde Whisman and David E. Carmony, receivers for the bank. The suit seeks to recover on a bond given by Mull with the New York company as surety. The premium on the bond was paid by the bank over a period of years, it is alleged. During the year from Nov. 30, 1929, to Nov. 30, 1930, the suit alleges Mull embezzled approximately $13,000 of the bank's funds with worthless checks, and lists forty-seven of the alleged illegal checks for amounts from $5.27 to $8,734.53. It is also alleged Mull obtained money by placing worthless notes in the bank.

9. December 14, 1931 Rushville Republican Rushville, IN

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Three Indictments Against Former Manilla Banker Quashed by Judge. PERRY AKER ENTERS PLEA OF NOT GUILTY "Ought to be Court Tells Young Thief in Juvenile Court. Indictments against Thomas K. Mull, former president of the defunct Manilla bank, were quashed Monday by Judge John Titsworth following previous motions to quash filed some time ago by the defendant. Last summer the Rush county grand jury returned three indictments against Mull, charghim with overdraft by an ficer, embezzlement by banker and perjury in voluntary affidavit. No criminal charges now remain against the former bank Quashing of the indictments followed court order Saturday in probate court where Judge Titsworth granted the petition of the bank receivers for the payment of thirty per cent dividend to depositors of the old Manilla bank. The court dered the dividend to be paid immediately. Perry Aker, age about 53, former resident of Rushville and Carthage, entered plea of not guilty Monday morning to charge of contributing to the delinquency of one of his young daughters. Aker, who was placed in jail last week, is accused by authorities of being the father of two babies born his daughters. The girls and their babies are being kept at private home and is likely that the girls will be called before the grand jury to testify concerning alleged immoral with their ther more serious charge than that of contributing to delinwill likely be placed quency against Aker. When arraigned in circuit court, the defendant stated that he had no lawyer, and the court appointed M. George to represent him. Aker, who hesitated for several moments before saying "Not guilTURN PAGE THREE

10. December 14, 1931 Rushville Republican Rushville, IN

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Three Indictments Against Former Manilla Banker Quashed by Judge. PERRY AKER ENTERS PLEA OF NOT GUILTY "Ought to be Strapped," Court Tells Young Thief in Juvenile Court. Indictments against Thomas K. Mull, former president of the defunct Manilla bank, were quashed Monday by Judge John A. Titsworth following previous motions to quash filed some time by the defendant. ago Last summer the Rush county grand jury returned three indictments against Mull, charging him with overdraft by an ficer, embezzlement by banker and perjury in voluntary affidavit. No criminal charges now remain against the former bank president. Quashing of the indictments followed court order Saturday in probate court where Judge Titsworth granted the petition of the bank receivers the payment of a thirty per cent dividend to depositors of the old Manilla bank. The court ordered the dividend to be paid immediately. Perry Aker, age about 53, former resident of Rushville and Carthage, entered a plea of not guilty Monday morning to a of contributing to the charge delinquency of one of his young daughters. Aker, who was placed in jail last week. is accused by authorities of being the father of two babies born to his daughters. The girls and their babies are being kept at a private home and it is likely that the girls will be called before the grand jury to testify concerning alleged immoral relations with their father. more serious charge than that of contributing to delinwill likely be placed quency against Aker. When arraigned in circuit court, the defendant stated that he had no lawyer, and the court appointed C. M. George to represent him. Aker, who hesitated for several moments before saying "Not guilTURN PAGE THREE

11. December 18, 1931 Tri-County Banner Knightstown, IN

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Tomato King Crowned H. G. Koors, living northeast of Atlanta, has again been proclaimed tomato king of Indiana, according to Professor W. R. Ward, of the extension department of Purdue University. Koors won the championship last year by raising 23 tons to the acre No gold medals will be awarded this year, because no growers in the state produced more than 20 tons to the acre. Koors' average this year was a fraction more than 15 tons. The low yield was due to unfavorable weather. Farmer Facing Charge A warrant was sworn out in Madison county circuit court for the arrest of Pearl McLain, farmer living northwest of New Castle, who is charged with sale of 15 unvaccinated hogs to Reuben Maddox, of Markleville. The hogs were sold at Kirk's sale barn in Anderson on October 3. Cholera developed the next day and 14 of the 15 hogs died. State law requires vaccination of hogs not less than 30 days or four weeks before they are sold. Charges Against Mull Dropped Charges against Thomas K. Mull, former president of the defunct Manilla Bank, were quashed Monday by Judge John A. Titsworth, of the Rush circuit court, following motions to quash filed some time ago by the defendant. A few months since the Rush county grand jury returned three indictments against Mull, charging him with overdraft by an officer, embezzlement by banker and perjury in voluntary affidavit. No criminal charge now remains against the former bank president. Quashing of the indictments followed a court order last Saturday in probate court when Judge Titsworth granted petition of bank receivers for payment of 30% dividend to depositors of the old Manilla bank. The dividend was ordered paid at once by the court. Try furnace coke in your furnace. Clean, steady heat. Mauck Lumber Company. Subscribe Today for The Banner.

12. January 9, 1934 The Indianapolis Star Indianapolis, IN

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$407,931 Claims Filed Against Mull Assignees [Special to The Indianapolis Ind., Jan. totaling filed in Rush Circuit court today against assignees for Thomas K. Mull, former president of the defunct Manilla bank. The bank failed in 1931. The filed by Orange Mull, banker Abe Buckcounty receiver the Manilla county board and depositors the

13. August 17, 1935 Rushville Republican Rushville, IN

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Manilla Bank Depositors Receive Largest Sum of Distribution. Approximately $45,000 in checks was mailed out Friday evening to creditors of the late Thomas K. Mull and his sister, Miss Mary Mull. This payment, the first of its kind to be made, represented about 5 per cent of Mr. Mull's indebtedness and about 7 per cent of his sister's. The checks, numbering approximately 150, were sent out by Russell B. Titsworth, who with Oscar Williams of Shelbyville, is an assignee of the Mulls. Creditors of the late Mr. Mull, former president and owner of the defunct Manilla bank, will receive $25,403.92 in this payment while $19,201.64 will go to persons to whom Miss Mull is indebted. This is the first payment made to general creditors of the Mulls, settlements having been previously made in full with all preferred creditors, most of whom were holders of first mortgages.