Hope State Bank (Hope, IN)

Episode Information

Episode UID
71101371550
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
7110137 routing
Routing Number
71-1013
Start Date
February 15, 1929
Location
Hope, Indiana (39.304, -85.771)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
74ffb230529fcdba

Response Measures

None

Description

Articles report alleged embezzlement and insolvency leading to closure and appointment of a receiver.

Events (2)

1. February 15, 1929 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Alleged shortage/embezzlement by the cashier and insolvency of the institution.
Newspaper Excerpt
Cashier Of Hope Institution Held...bank closed...petitions set out that the banks institutions failing and insolvent condition.
Source
newspapers
2. March 27, 1929 Receivership
Newspaper Excerpt
Wildman, assistant of bank receiver...Stewart, cashier of defunct Hope goes to Indianapolis for bankruptcy action...trustee will be selected to take Stewart's assets valued approx $50,000.
Source
newspapers

Newspaper Articles (3)

Article from The Cincinnati Enquirer, February 15, 1929

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Article Text

BANK Causes Fifth Closing In Indiana Within 24 Hours After First Collapse. Cashier Of Hope Institution Held For Federal ment Is Confessed ENQUIRER February Savings Trust operating closed was closed money bank Bank Montpeller, near the closed due, said. to yesterday The has deposits estimated Guy Bracken. President of the the bank closed protect depositors and the solvent. Luther Symon State Bank ComState Banking Department are in Wells County records Wells going County Bank, of three other banks the county closed action of Wells County Bank. through business Other banks the county that are closed State Bank Petroleum. the Bank the Center State Bank. Are Sought. the Court ceivers appointed for the Wells County and of Uniondale Both petitions set out that Banking Department these banks institutions failing and insolvent condition. the banking situation the county largely the result the closing of the Studebaker deposits That and far Ind., Herman old. Cashier of Ind., which closed this was arrested this afternoon Federal charging issued by Howard United States Commissioner, request Bert Patterson, National Bank according Young had admitted resulting shortage Bank Building was before he preliminary and held by Joseph Spaugh, Hope, his and former President of the Arranged Surrender. Details which alleged plished embezzlement not disclosed. not was understood. but United said Stewart him that has money. which to make Luther State Bank Comstatement which the stability the the should not the closing of banks the Banking banking has been agithe failure the Bank two Unfounded rupersistently culated undermined that my that not closed banks come out difficulty with the by the in


Article from The Republic, March 27, 1929

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Article Text

ASSISTANT OF BANK RECEIVER FACES CHARGE Wildman Arrested on Slander Under $100 STEWART CASHIER OF DEFUNCT HOPE GOES TO INDIANAPOLIS FOR BANKRUPTCY ACTION. Wildman, of Lafayette, this charge of making the latest in the long list events that out closing ValenCitizens National charge against assistant to Ellis, of of the by 70. former the bank and Stewformer instituwhose manipulation funds about estimated shortof some The charge against Wildman was yesterday last night Alonzo Fitch went Hope notified him of its Wildman agreed come Columbus this morning and himself and He providbond $100 and leased immediately. He will resist indicated this Alleged Remark Set Out. Mr. Spaugh in affidavit allegthat Wildman went up to him one of streets of Hope yesterday while he was standing and talk Jesse Smith, resident of town. and said: big crook Herman He thief and Discussing the case Mr. Spaugh that Wildman grabbed him the and him around when made the slanderand that face white rage the time. Spaugh that would no the affair if had come from the but coming from man the position have the affairs of the institution. felt the should passed Spaugh first not to bank and Ellis about the matter came consulted the firm Spaugh Spaugh. An affidavit prepared, endorsed Prosecutor William H. Dobbins. and the charge was filed. Mr. said afterwards that Spaugh the not stop with the filing of this charge., He that he official vestigation by officials and that he will take the matter "all the way the of that sought any way for and that has bond for and sought to help him in other ways out of regard for his wife) and will not stand be made character without fight. Stewart Goes to Indianapolis. Wildman figured in fight rather an which the north of Hope. Saturday He had Fitch there seize panied automobile belonging to StewStewbeing for the sheriff take the of the former bank started to drive automobile Wildman sought to stop him. Wildman seized by the Stewart held and kicked Wildman that Mr. Spaugh sat car and watch the but Mr. Spaugh denied this, declaring that just driven up to home as Both father paid and battery Monday in connection with affair. Herman accompanied by Spaugh and perhaps Shelbyville attorney, went to Indianapolis today to appear court with tion brought against him creditors some ago. He does not plan to resist the step, understood, but. inasmuch faces federal court, was required meeting of creditors will held date and at that time trustee will be selected take Stewart's which value of approximately $50,000. Stewart the last days has considered going to Indianapolis and giving himself up to the United States marshal there, understood. he quired appear with charge until Mrs. Anna of Fourth street, the NoblittSparks severe injury hand yesterday while her She operatwhen manher hand Two badly they had She taken the county where the injury and today be resting fairly well.


Article Text

CLOUDS BEGIN TO BREAK 1931 enters, rifts in the clouds which have ered the 1930 skies are making themselves apparent. And Bartholcounty, despite all its regrets the year just ended, cannot impassionately take stock of its own business without admitting that has great deal to thankful for merchant. wage-earner each and all The old days of the World War period have been painfully absent here. the irresponsible optism the limited credit complex have been replaced in many instances by gloom, distrust uncertainty. Because Americans, in their vigor and spontaneity, are that way. feast famine with us; whooheadache. And usually the follows close upon the heels of the other. Yes, Columbus and the county have taken their medicine the last twelve months, taken like ple take any other bitter dose, cause they have had to. But the bitterest medicine followed usually by improved bodily conditions, and are hoping that the one just swallowed will have its ameliorative effects our body politic. But, since joy and prosperity always relative matters, might be well take stock of how much betoff conditions here than many most other communities. The late rains gave the farmers and he did suffer the drouth damage that many of his neighbors did. Two strong, wellmanaged banks in Columbus no small factor in keeping merchandising conditions out of embarrassment when sales off; wageearners, for the most part, have kept their jobs, and unemployment here has not been severe like has Shelbyville and number of other nearby counties. As one paragrapher has said, country suffering from and shall not add this burden by making any forecasts of business conditions for the year. However, it would be just foolish ignore the conservaoptimistic trend of industrial reports filtering into the city, well to ignore the attitude of leaders. For those things seem indicate gradual requmption business. in 1931, with foundations already laid CONCERN OF SOCIETY. There little boy who hasn't place to He can't for he has killed man. He can't the penitentiary yet; he too young And the school Ohio, situated at Lancaster, which supposed to for him until he reaches the grown-up age of 21, can't take either. for the rules, the school prohibit acceptance person who is in for long sentence, according to its perintendent. So John Woods homeless the man without country. Other boys are blowing tin horns confetti and balloons colored the New Year comes But John Woods years will be old years he sits Sunday and what he will do with them. He didn't think of that beBuildfore. But now that the silver-white hills of winter and the sun-bright fields of spring make up PromMatter Land which he may no wander, life different. But he more concerned about himself than society which confronted problem that doesn't know how to solve. Vast fortunes have been spent effort to provide the proper inProprietor. stitutions, schools and courses training for those who have erred. John Woods different type problem. will never permitted to go back into the world. He killed during And only One wonders what the reaction the other boys in an industrial school would John Woods Would they stand off, little shyly, and whisper to each other that he the boy who killed man. who staged hold-up did the things that grown men would there be little fear in their voices, little aloofness in their manner? Or would there touch admiration because his crime dramatic We don't know about such things, for each of institutions world the problem which centers around John Woods opens the door into the great brick buildings where all other wanderers from right path centered. Their attitude toward others who commit misdemeanors shoot men confronts society. are our brothers' keepers. We escape that truth. And those and wiser must direct these lads, teach them to distinguish the gold from the dross: show them that those things which are not real will soon become as ished last year's Christmas sel. There will always be some of course, who cannot be taught. There many who And meantime never too late "come Even when all one's life must be shut away from trails where high winds This decision where John Woods shall go should concern ciety much does the old boy himself. January. city names Lloyd Nickerson chief police. association divides profits of M. after 52 service with Pennsylvania railroad. Meredith Lienberger elected president Chamber of Commerce. Cummins for New York in Diesel-motored automobile. Mrs. Elmira Brown retires orphans' home woman, Mrs. Lillian Chandler, daughter and friend burn death in auto wreck Seymour Reed appointed counroad superintendent. Mayor Volland and other city officials office. Council votes to cut city attorsalary in half. Cummins arrives in New York: ovation. Sherman Trotter named matron of orphans home. corn kings and "princes" county show. Charles Schowe plunges to death White Clarence Thompson re-elected president of county farm bureau. Flood traffic. Miller named grand champion county corn Sad plight of Frank Palot, sick Filipino, comes into focus of public Pulliman seriously Vogler crowned corn Mooney tannery assured with $55,000 sale of Fourteen hats in county's politiring in carrot patch" incident aired in McClure divorce trial, Husband decree. protest clause Morgan cannery contract. Regional tourney assigned to Columbus despite Franklin high school principal's protest. Drive for Mooney tanstock sale goes goes below, and breaks record. Stork presents Webb Daugherty third child in one year. sets Aug. for county Mayor vetoes city attorney's cut. WHO STARTED THE WAR: Government declines to deport An official committee of the Ger- young Filipino. man Reichstag. having studied the takes Henry and Edsel Ford for ride in Diesel-mocauses of the World war, finds that tored auto. most the blame for starting the 22-G. trustees down demtrouble goes Russia, with Serbia ocrats game at and sharing in Taylorsville gym. the guilt. Abraham faces two new Being German committee, affidavits naturally views Germany's part in Noblitt home near the that led the Ogilville destroyed little more favorably than, say, Cummins back home after recFrench would. However, there this to remem- Bull Dogs swamp Horace Mann, ber: this about who Burglar" arrested started the war is senseless unless Seymour. prison by realized that the chiefly product of the European sues 12 system handling international former officers directors for lations. grew out of that system $155,000 charging inevitably. the murder of the strike out Archduke Franz Ferdinand had offending clause in cannery connot started some other minor in- tract. body found frozen in cident would futile ice south of city. indict one February. 5-Imperfect Siamese twins born East K. lodge combines with Edinburg. Claspill and Howard Derrett, young auto bandits, caught after chase, given prison terms. Dobbins and Police Chief AmeriMcClure files $15. heart balm suit against Frank Edwards. distribution starts. Rev. Smith, Cleveland, to Tabernacle church. campaign to send Filipino home opened. Loy Green dies of selfinflicted Dogs beat Shelbyville, Dutch Fehring scores last seconds raised to send Filipino ship will not accept him for company passage. Mabe, down school hack Rev. Smith accepts call to Tabernacle. Jack Donald home damblast. Noblitt given years prison for attacking orphan girl. twin Archie Spurgin elected president Tuberculosis association. Lawyers court order to terview client when Sheriff permission. Louise Scott Fox given custody daughter she was tried kidnapping. Fred opens riding academy fair grounds Glanton, furniture died. County farm found Phelan pays unexpected visit proposed for veterans bureau hospital. March. eliminates Bull Dogs, 25-22, and wins sectional tourney Old cannery in East Columbus accepted for passage avenue paving contract Omer George Keller sentenced prison for chicken for Hope bank tributes $70,000 in dividends to creditors. wins regional tour15. Curtis inspects Cummins' auto Indianapolis picture with given big send-off station. Abraham Greider found guilty second degree arson; given years. Wink fatally injured fall elevator shaft DayOhio. Brumfield. arraigned federal court asks sanity hearing 15 Washington eliminates Franklin, and beats night state tourney Ernest Edinburg school hailed television inventor. hides put to soak at Mooney bandits locked in jail hours binding Fred Garr chair and station. Cummins' speed record Daytona Graffa confesses burned Henry Mundt barn in fit Ray Ruddell held in Indianaposlashes wrist in attempt end Prisoners start minor fire jail attempt Ropp home burns. couple files suit against Joseph Spaugh, charg"fraud. Orville Graffa adjudged criminal H. Atkins elected president of retail merchants firm rejects Indiana avenue bonds due to technical issue. 31-E. Curtis Brougher nounces local census takers. Irwin and Richman form corporation build diesel plane Ferguson, Edinburg given term for robbery of Fishers bank. Tom" reported 330 candidates file for primary period ends. home contracts let. Rev. Smith arrives to pastorate Dr. Kirkpatrick gives nurses home memorial his Harry Burns buys house near while fire. received that George Smitha had from home Chicago He has never hurt in deliberate crash caused by three youths pursuing. Symphony orchestra plays at Indianapolis E. McLeod dies suddenly. George MacCoy dies. Gilbert Wycoff, 16-year-old phan, dies of self-inflicted engineers encamp here, start Roberta Gaddis chosen "Queen Mabe girl gets $1,000 damage judgment from Vetter, whose struck her. Edna Perry dies in Chicago traffic accident County wins state T-B sale contest and permanent possession of cup Ralph Cook strangles aged cellmate state hospital T-B association offers cup for state contest as memorial MacCoy inplied against Mrs. McClure against McClure by Frank Edwards. Jury agree Grant Olmstead case; charged. Ruddell sentenced dianapolis to 10 years term for robbery Moravian Easter school in Wayne Lewis flees sheriff's custody probe of strychnine found milk opens of East Chicago state swimming meet in local 27-Kentucky woman killed stantly head-on auto collision north Hartman escapes as traction Maynard undergoes appendicitis operation in Los Angeles. Goetz exonerated Marion court blame traffic death of Walker fails land veterans hospital. 2-Brougher announces city's two years 9,832 commerce opens Louis Wetzel drive to find "rest of city's 10,000 bethton, population. Donald Mosier held up and robbed. spectators. parties pick tickets for against stages old-fashioned run-away down Washington street. Deed handed city Day program given by 350 school pupils Reed, republican. and Clarence Thompson, democrat, elected chairmen. in Ken William Buxton, dies. Lay, formerly city escapes from prison chautauqua. charges on file in vice Mercury goes clean-up: girl, two youths held Roxana gasoline station robbed. Waltz wins toss democratic nomination for Nin stray bullet. township trustee over Kitchen Lumber office looted Mr. burglars. officially and Brumfield released from federal court on contract Columbus Athletic baseball team organized. anapolis. dies broken being struck Kentucky auto near booze charges United Lutheran bank. synod opens annual conference mother with White and Ault pointed board tax Wetz elected president Rotary club. City council votes to buy police secured W. Perry wholesale house looted of in cigarets. Letter from Filipino telling home received. leap from Sarah safety flames attack Belvedere burned when Chamber's drive adds 51 names city's gets the dollars? Puzzle never solved. Oil company nounces purchase old Kappa Kappa hold up Wolfe cafe. district loss Edinburg girl's hand shakes misses heart. bandits confess Indianapolis robbery of wholeBredenmeister killed Pumphrey hurt their plane crashes local June. Ping, 15-year-old school dies in hospital. Dowell re-elected to school board Columbus high school honor roll students given club. Drug company leases rooms Washington street Mrs. Josephine arrested reckless driving after wreck. Mrs. Sallie Creed loses against Interstate in death of her husband. men escape from county caught sewer. chairman of be group six bankers in convention Jack Lux and Vernon Lake held death Lois Ping back swimmers haled city court Brown county plot to father artillery camps here, give anti-aircraft demonstration. Attorney General Ogden rules council cannot Bedel and three children death crossing crash Waynesville. Sherman Handley, colored, rested charges employed head of high school Clifford arrested in confidence game 12-A. Wildman succeeds Charles H. Ellis Hope bank ceiver. Handley given one for transporting drowns near Indiana Aid tour stops here: Ken Maynard divides attention of 5,000 court of appeals payment Hubert murder. Weiser playground council. announces gas will piped here from Terre Haute State open probe of fish fails show Brookheart speaks to 99 Edinburg arrested fight Thompson Simon wounded head Columbus gets 1931 convention Veterans Ben Perry hurt auto wreck Indianapolis killed crash Azalia. Chautauqua association signs 1931. Way dies in IndiPeace Without Pacifism." slogan Whitehouse bank receiver faces after alleged party Roy Pumphrey, crazed son, beats shoe. Sullivan, 13, drowns buddy battles rescue him July. R. Dunavent, of Edinburg Irwin to course. Josephine Guffey Dazey shoots herself in Indianapolis. persons hurt when small Hope home. clothing ignites from stove. confesses robbery at East Columbus Cash snatched when straw stack catches climbs to 101 in shade. Many of Poulcompany destroyed by climbs to dedestroys Martin Nad ing grain elevator Flatrock, set $30,000. dies of burns Helen Newsom injured tractor Thurston, Decatur suit for $10,000 Roope Dr. Powers injured when struck by Bush killed when for Clarence drowned Blue river. there for fear of water famine of commerce opens from abandoning passenger service Richmond division. causes loss of $5,000 the Carl Neinaber barn, west razes Dallas Taylor home with $10,000 loss Elzy, Indianapolis, county hospital of injuries received accident near JonesMercury climbs to 110 degrees Orman seriously hurt accident New Mexico. Brockman kills himself Edinburg dies of injuries New Mexico railroad accident. August. destroys Ben Perry barns, $10,000 files charges against and vagrancy Hayden, his sons, alleging they about had Chester Crouch arrested tomatoes William Marr weeks cuts hot and mercury stands forward for county fair with booked for retired dies. Talley faces charges selling untested cattle. gather at county grounds opening under Flatway bottoms for panther. Anna Jane dies. Fee honored for Frank service with the Indiana years Telephone company Talley and Paul Eugene Poole selected healthiest county fair. Kline injured in auto accident Camp Knox. Harrington, night captain of police arrested for looting trunk Shumway Jonesville barn on farm of Mrs. in the Big caught here believed the Booher seriously near Hope Miller and Fred Miller arrested for stealing gasoline from state highway tractor Hartsville Hope barber, arrested seizes wine and beer McCullough dies Battle Creek W. Lambert and Miss Martha Weihe victims of snatcher. September. arrested here, to Uniontown, Pa., to face old charges. Opening of bids for Second street paving delayed by city council. Farmers meetdecide drouth relief council fixes 51-cent Frank Forester, escapes death under cultipack. McEwen adjudged club girl Public commission grants petition to abandon on Richmond line Cline dies at Franklin Bray retires pension after 40 teacher Alonzo Bozell, dies of poisoning. Phineas candidate for county assessor, badly hurt auto Ind., youths arrested for oil theft after chase. Two pony golf arrested here toxication. Chamber of commerce opens fund help send Legion band Boston Walters pinned unKate Bills badly hurt when by auto near Driftwood camp. Frank Bruce, 60-year-old hitchin two auto accidents. seriously hurt when auto hits his railroad Culp decides "panther" monkey Sheppard, demented man, in rampage in Clifford shop suspends service Richmond 15-Joseph Fox James Roush hospital here after shootscrape near Nashville Inch rain school tax rate cut City council votes against full of Second street. from churches here. Municipal League convention opens Smith files $10,000 Interstate death Azalia Roush dies in hospital here wounds in Nashville shootsplits on type of for street: work held until spring arrested for dig ging for on Ensley farm and Flatrock and Ralph with police for McCardle Orinostreet Willard Wright, First Columbus Florida price 18.9 Body of John P. Connaughton, state official, found in hotel death natural Four elopers, and arrested series auto after crash on Washington Indiana district crime here: 21 counties Madison branch re-routes trains into city to miss business Rev W. Wylie returned to church by New Albany conference Ken Maynard's first goes drowns HawRepublican opens John formerly Flatrock, given 10 years on bad check October. 1-Virgil George Albert and Hope Mr. and Mrs injured hit truck Harrington Werhan in face toy cannon at Legion band farmWayne township accidentalshotgun Marie Kollmeyer Gilbert Jones badly injured by car driven by MarVirden. $80,000 derby winner. here for authoriBloomenstock fined $260 for selling Martin, John Martin and Guernsey Martin arrested for stealing wheat. Charles Curtis Legion band turns from Boston national conSilverheels chloroforms Chief Eaglefeather and wampum, family destroys home Ben causing loss estimated first freeze puts end tomato county, mercury dropping Stillabower dies in hos. operation Clifford high granted conDavis kills wild cat Floyd Young, state comlocal Legion Hope men given penal farm sentences for violating liquor contract with the Garvey signed by the city for work on Second street, Keller, of Columbus, killed when struck by train Henry of Nashville, killed when struck by auto on road Chester Hickey loses leg in hunting mishap. Settle makes plea for state constitution meeting farmers here from the phans give selves North Vernon November. Combs, Seymour, dies injuries received accident started on paving of Second street. Heavy voting reported in county election. Ed Brock injuried in fall from show republicans only office in democratic landslide county. Bolden, colored chauffeur, fatally hurt wreck near Christian Probst is first to file rifle Ambros Mathis Edward Jones, 82, Hope, dies suddenly. Everett of scalped in auto dent road take part in bigArmistice day celebration city Jack Vernon, son of Robert Rominger, of Hope, badly burned jury probe death of Lois school girl, Prosecutor announces Mrs. Grace Crump burned when restaurant explodes. reported to have contracted "rabbit fever" from cleaning Dogs defeat Greensburg in first basketball Deputy Sheriff Wynn Thompson shot wounded by bandit. county council office Glick gored by bull his Freeman Rominger, 82, dies Hope Huff badly wounded in battle members of Rodfamily poisoned by food Richardobtain $360 Wynn Thompson, wounded depuRoope receives $39, damage Yeggs obtain 150 pounds ayVirden store. Work completed on Second street Cox pleads not guilty to charge of kidnapping Huffer. coldest 40 and Will Glenn arrested for stealing December 1-County yield control the orphans home Board Children's Guardians. elected president Kiwanis Salkeld and Harley Hayden scaffold elected president of Board Children's Guardians Ogilville, shot foot accident. Bull Dogs defeat Rushville 34 alienation of affections settled $300. Mrs. Jennie Brown injured when struck by auto Unmasked bandits get $310 John Morris grocery. plea filed defense Arthur alleged kidnapper. McCurdy given judgment $215 against Columbus for services rendered Tom Cride's nose fracwhen by charity show township trustees from Bull Dogs lose to Franklin Hutson grocery looted. Brown killed their home near Nashand Cox sentenced to life for kidnapping GloHuffer Brown, Brown county crazed killer, not hiding roomhouse of Mrs. Sarah Repp, as Harris wins sweepcorn show Kitchen slugged by bandit. Bull Dogs win from Brougher (Continued on