Peoples State Bank (Wolcott, IN)

Episode Information

Episode UID
71097071611
Episode Type
Suspension ā†’ Closure
Bank Type
state
Bank ID
7109707 routing
Routing Number
71-0970
Start Date
March 8, 1934
Location
Wolcott, Indiana (40.758, -87.042)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e279e9c89429a05c

Response Measures

None

Description

Court dockets repeatedly reference liquidation/receivership of the bank.

Events (1)
1. March 8, 1934 Receivership
Newspaper Excerpt
In the matter of the liquidation of the Peoples State Bank of Wolcottā€”Same proceedings.
Source
newspapers

Newspaper Articles (3)
1. March 8, 1934 The Monticello Herald Monticello, IN

Article Text

Civil Ross E. Nolan vs Charles Scottā€”Complaint filed in duplicate. Frank Nolan vs Charles Scottā€”Complaint filed in duplicate. Laura Mildred Thomas vs Clarence Walter Thomas ā€” Complaint filed in duplicate. Hearing held on the application for restraining order, and court finds for the plaintiff that the defendant should be restrained from selling or disposing of certain personal property. Cause set for hearing on the application for a temporary injunction for March 1st. Mutual Benefit Life Ins. Co. vs Maude Holdridgeā€”Cause is assigned for trial for March 15. Dale W. Carr, adm. vs Mattie Alltopā€”Defendant makes default. In the matter of the liquidation of the Citizens State Bank of Chalmersā€”D. D. McCuaig, special representative files bond in the penal sum of $7000 with American Surety Co. of N. Y., as surety. Inventory filed. State and Savings Bank of Monticello is designated as a depository for funds belonging to this trust. Special agent granted petition for an order authorizing him to pay and deliver to respective claimants of bank first lien trust funds, collection trust funds, and safe keeping accounts. Court allows, pursuant to the order of the Department of Financial Institutions, the sum of $75 per month to D. D. McCuaig for his services, six cents per mile for mileage in the discharge of his duties. Special representative ordered to expend not to exceed the sum of $10 per week for clerical hire. In the matter of the liquidation of the Peoples State Bank of Wolcottā€”Same proceedings. In the matter of the liquidation of the State Bank of Idavilleā€”George Kistler special representative, ordered to pay state department $33.65 for expenses incurred. Rensselaer Building, Loan and Savings Assn. vs Martha F. Norris et alā€”Final report and vouchers filed. Final report approved. Clerk is ordered to pay to plaintiff $40.97 in his hands for distribution. Receiver is discharged and trust closed. In the matter of Orland Elstonā€”Child ordered sent to Riley hospital at Indianapolis for treatment. Edward Elston, Monon, appointed to accompany the child. State vs Joshua M. Bechdolā€”Jenkines and Jenkines enter appearance for the defendant. Defendant files motion to quash the affidavit, which motion is overruled by the court, and to which ruling the defendant excepts. Defendant enters plea of not guilty of issuing a fraudulent check. State vs Farmers State Bankā€”Receivers file petition for an order authorizing them to institute suit to quiet title to certain described real estate belonging to this trust, which petition is granted. Lafayette Joint Stock Land Bank vs Francis Tyrrell et alā€”Defendant files answer to the complaint in general denial. Wm. F. Brucker and Wm. N. Loughry, receivers, vs White Co. Board of Finance et alā€”Complaint filed in duplicate, and upon plaintiff's motion summons is ordered to issue to sheriff of White county for all defendants returnable March 3. Dale W. Carr, adm. vs Mattie Alltopā€”The court finds for the plaintiff that the estate of John P. Carr is the owner in fee simple of the real estate that the plaintiff is entitled to have his title to the real estate quieted. In the matter of the liquidation of the State Bank of Idavilleā€”The allowance of $35 per month of Thomas J. Hanna as attorney for the special agent, as fixed by the Department of Financial Institutions, is confirmed by the court, and special agent is ordered to pay amount as a part of the expenses of this trust.

2. April 28, 1934 The Monticello Journal Monticello, IN

Article Text

NOTES FROM THE DOCKET OF WHITE CIRCUIT COURT Civil Mutual Benefit Life Ins. Co. vs Grover Safford et al-Defendant files affidavit and motion for a change of venue from White county State vs Farmers State Bank-Receivers file 'verified report of sale of certain real estate and report is approved. Real estate is sold to William and Mary R. Beeman for $2,000. Deed is ordered delivered. Arra M. Oilar vs Finis M. OilarDefendant ordered to pay $50 for plaintiff's attorney and $4 a week for Abram C. Gates VS Wilbur P. Gates (3 cause assigned for trial for May 16. Emma Bender vs First Union Bank and Trust So. of Winamac- This cause is reassigned for trial for May Federal Land Bank of Louisville vs Minerva Hatton et al-Defendants make default. Finding that the allegations of the petition are true, that the plaintiff is entitled to the immediate possession of the real estate, and that an order issue out of this court to the sheriff, directing the sheriff to place the plaintiff in the immediate possession of the real estate. In the matter the liquidation of the Bank of Brookston-Petition filed praying for an order authorizing and directing it to execute an application to and borrow of the Reconstruction Finance Corporation under the terms of this application the sum of $49,443.75 with 4Ā½ per cent interest, and to pledge certain assets of the trust and bank as security therefor. The court hearing the evidence direct special representative to execute an application to borrow this sum. In the matter of the liquidation of the Peoples State Bank of WolcottPetition filed for an order authorizing special representative to make application to the Reconstruction Finance Corporation for a loan for the purpose of paying dividends to the creditors and to pledge the assets of the bank as security. Court grants the prayer of said petition and it is ordered that an order be executed for an application for a loan In the matter of the liquidation of the Citizens State Bank of Chalmers -Same proceedings. Star City Building and Loan Association vs Ross Burget et al-Lafayette Loan and Trust Co. of Tippecanoe county is appointed receiver of the real estate described in the mortgage. Charles McKinney vs Grover Safford et al-Cause is now ordered changed to Jasper county. Mutual Benefit Life Ins. Co. Grover Safford et al-Venue of cause now ordered changed to Jasper coun- In the matter of the change of name of Lowell F. Bracknen-Upon petitioner's motion notice is ordered to be given as required by statute. State VS State Bank of Wolcott- Finds for the intervening petitioner, Wm. H. Gerberich, that the claim of said petitioner should be allowed in the sum of $305.85 and that the receiver should credit that amount on the stock assessment note of Wm. H. Gerberich. State vs Harrison Risner-Written motion to dismiss this cause is sustained and cause is dismissed. Sureties on recognizance bond are released. State vs Morgan Whitaker-Same proceedings. Equitable Securities Co. vs Theo Thayer-Cause is assigned for trial for May 14. Bank of Reynolds vs Walter W. Hare-On plaintiff's motion this cause is dismissed and the costs are paid. Poor Sisters of St. Francis vs Chas. L. Vaughan, as executor-Complaint filed in duplicate and upon plaintiff's motion summons is ordered to issue to sheriff of Tip : : ecanoe county for defendants May 3. Bert Van Voorst and Fred Dahling, as receivers vs Middlestadt Realty Co. -Report filed of sale of real estate showing that lots 48, so, 52 and 54 on Railroad street in Monon were sold to Dorothy M. Thomas for sum of $200. Sale approved and deed ordered delivered. State vs State Bank of WolcottReceiver ordered to pay to Albert A. Wallace the sum of $25 in full of the amount pledged for a certain reward for the apprehension of Carl Middlestadt. Joseph Shindelar vs Home Ins. Co. N. Y. (2 cases)-Cause is assigned for trial for May 11. Orval Boicourt vs Edna J. Victor et al-Plaintiff files motion to dismiss cause, which motion is sustained and cause is dismissed.

3. March 14, 1935 The Monticello Herald Monticello, IN

Article Text

TWENTY-FIVE YEARS AGO HAPPENINGS OF WHITE COUNTY OF INTEREST TO HERALD READERS TODAY (OMITTED LAST WEEK) The climax of the basketball season here will be reached next Saturday night, when the Lebanon high school team plays their return game with Monticello. Lebanon having defeated Crawfordsville, the State champions, since their former game with Monticello, this becomes a game for the championship and will be intensely interesting. The Monticello team on the last half of the game at Lebanon played them very near even, making a score of 11 to 10. The home team now has a chance to play them on the home floor, and with the practice and experience acquired since the first game, and the championship in view, they will make the effort of their lives. It goes without saying that the hall will be filled to its capacity. John Day passed his fortieth anniversary as a blacksmith on St. Valentine's Day and begins to feel like he has learned the trade. He recalls very vividly the time when he left Emory Seller's school in Monon township forty years ago to commence learning the blacksmith trade with his uncle at Brookston. Seventeen years later he came to Monticello, where he has been hammering iron ever since, and judging from the substantial brick building he has erected on Main street he has not hammered in vain. He now uses both the new and old buildings, the former as a shop and the latter as a storage room for bridge iron. He has ten bridges to build this season. On Monday, Feb. 28th, Simon Snowberger south of town was the subject of two very pleasant surprises. It being his forty-third birthday, his sister in Pennsylvania planned a postal card shower. He received forty-two postal cards, a number coming from Pennsylvania, his old home and others from friends and relatives in Indiana. In the evening, at the bidding of his wife, several of the neighbors came in and enjoyed a two-course supper. He was also presented with a large Morris chair. A Washington dispatch of Tuesday announces the illness of Wm. A. Forbis. Monticello is getting a State-wide reputation for its automobile market as well as the horse market. Justice W. P. Marshall is just getting to be himself again after a three weeks siege of the grip. It was the first time he has been confined to the house over 48 hours in the last sixty years. Robert O. Friend of Racine, Wis., former superintendent of the Tippecanoe Electric and Power Co. was renewing acquaintances here Saturday. A report was current here recently that he had died of typhoid fever but he is able to refute the charge in person, though the fever gave him a hard tussle. The report of Mr. Elmer Pierpont's death at Monon last week proved to be a mistake. He and his wife have both been quite sick, and his death was reported in the excitement due to the death of his neighbor Bruce Hunt. Trustee Tam of Jackson township has decided to build an addition to the present school house at Idaville and make other improvements costing $6,000. The addition will consist of two large rooms on the north side of the building. Four Carroll county farmers bought automobiles the same week recently at Dye & Gardner's, each selecting a 40-H. P. Overland. The buyers are Art Million, Albert Holloway and Newman Viney of Yeoman and Raymond Coble of Hopedale. Ed Gardner's exhibit this week is excelling all former years in attractions, attendance and sales. He has kept a record of sales each year by days, and if the week's receipts keep up the pace set by the first two days it will be a record breaker. At Fowler the arc lights of the town were each replaced last week by four high candle power tungsten incandescent lamps. The candle power of the four lights is said to be more than that given off by the arc lamps and the amount of electricity used is less, the tungsten lamp being a more economical one than the carbon. Besides incandescents can be more easily fixed in case something goes wrong. R. L. Sutherland has resigned his position as superintendent of the Tippecanoe Electric & Power Company and will move to Indianapolis, where he will represent the "E. M. F." automobile interests. His successor here has not yet been selected. Much uneasiness was felt here Saturday by the friends of John McConnell on account of a message received by Fred Bowman requesting him to come to Mobile at once. Mr. McConnell had been reported sick and preparing to return home somewhat earlier than he expected, and it was inferred that his condition had grown suddenly worse. Fred left here for Mobile Saturday evening, and a telegram from him Tuesday morning announced Mr. McConnell "O. K." and expecting to reach here Wednesday noon. COURT NOTES Civil The Department of Financial Institutions of the State of Indiana vs Sam Wingardnerā€”Ralph W. Scowden withdraws his appearance for the defendant. In the matter of the liquidation of Peoples State Bank of Wolcott, Indianaā€”Special representative is or-