Motions for new trials in the cases Bedell and H. Phillips of against the Marion National Bank receiver for the Bedell turing Co., were filed yesterday Grant superior court. Motions both cases were taken under advisement. The court ruled recently that the claim of Bedell for and and that of Phillips for $9,216.66 costs were claims against the assets the company. Motions for the new trials filed by the Marion National Bank.
Compiled by Otto G. Allen Abstract Office 511 Marion National Bank Bldg.
W. D.-Jehn M. Flinn to Jennie M. Moore al. Pt. See 6, Twp 24, Cons $1. W. D.-John W. Pritchess et to Otis Maranda Lot No. in Marion Real Estate Co.'s 1st add to Marion. Cons W. D.-Almon Swaney et ux to Ella Dooley. Lot 242 in Gray Dodds & Co's 2nd add to Marion. Cons W. D.-John D. Boxell et ux to Clupper Loan Co. Lot No 24 in Hillside add to Marion Cons $1. W. illiam Lawrence et to Wm. M. Irwin et ux. Pt S Sec 10, Twp 25, 21 Cons. $2,-
W. D.-Margaret J. Wise et al to Colomon E & SE Pt W & Pt N E Sec 2. Twp 23, R 8: Cons W. Connelley et ux to James R. Hatfield et ux. Pt S Sec 36, Twp 24, Cons $1. Receivers Marion Nat'l Bank, Receiver to Edward$ B. Weston. Lots Nos 149. 150, 151, 152 & in
Marion Real Estate Co's 1st add to Marion $31,000. W. D.-Fred H. Clapper to Her bert C. Clapper, uv. Lot No & Pt Lot No Union add to Jones boro. Cons $1. W Elizabeth A. Roberts et al to Mary Saunders. Und 2-3 of lot No. 228 & Pt in 1st add to Gas City. Cons $1,200. Q. illiam H. Underwood et ux to Marion Loan Co. Lot No 491 in Second add to Gas City. Cons $50 W Burt Necomer et ux Mattie Wilson. Pt N W See 18, Twp R Cons $1. W. Nellie Huffman et vir William M. Miller ux. W 1/2 Lot No in Bugher's 5th add to Upland Cons W Mutual Home & Says Ass'n. to Dean Zimmerman Lot in Goldthait's add to Ma Cons $1. Q Ora Rudy et ux to Clup per Loan Co. Lot 223 in Bailey & Rariden's add to Marion. Cons $1 W John W. Harvey et 11X Georgia H. Lester al. Lot No/63 in William Knight's 1st add to Ma Cons D. harles J. Cain et ux to Guaranty Building & Loan Co. Lot Marion. No 10 in Mary A. Carey's add to Cans $1.
Shipbuilding in Japan is increas
SUPERIOR COURT Emma McCullough VS. Gerald Mc. Cullough, divorce. On motion of plaintiff, case is dismissed. Edna Adams vs. Roy Adams, divorce. On motion of plaintiff, case is dismissed. Barber Mfg. Co. vs. Bedell Mfg. '.0. Claim of Wolfe & Co., sub mitted, evidence heard, finding for claimant in sum of $1,000 and same ordered paid as a general claim. T. H. Bedell vs. Marion National Bank, receiver, claim. On motion of plaintiff, cause is dismissed. Verna Spencer VS. Earl Spencer, divorce. This cause having been set for trial on this date and the plaintiff failing to appear is defaulted and cause is dismissed for want of prosecution. Judgment for costs against plaint.f Damon M. Yoars vs. Nellie E. Yoars. divorce. Cause submitted, evidence heard. finding for plaintiff that he is entitled to divorce. Costs against plaintiff. Plaintiff inhibited from remarrying for two years from rendition of judgment. Judgment will be entered when costs are paid. Estella F. Disney vs. Walter Disney, divorce Plaintiff failing to appear is defaulted and cause is dismissed for want of prosecution. Judgment for costs against plaintiff.
Willis Berthold Jones vs. Gladys A. Jones, plaintiff failing to appear, is defaulted and cause is dismis ed for want of prosecution. Judgment for costs against plaintiff.
FINAL REPORT IS FILED BY GLOVE FIRM RECEIVER
Final report of the Marion National Bank, receiver for the Smaltz Glove Co., today was filed with Superior Judge Oren W. Dickey The report was approved by the court and the receiver was, ordered discharged. The receiver was charged with $6,581 and was credited with $6,056.04 including payment of preferred claims and expenses of the receivership. The balance of $525.75 was distributed to creditors on basis of 1.64 percent on claims totaling $32,058.88.
Warrants for Nearly $16,000 are Expected Next Week to Pay For Restricted Deposits.
Treasurers of units expected ing nearly $16,000 from state tional Bank The money received fund and the several against the bank turned to the state department Amount money and under the sink fund was determined at bank, state and local The warrants are pay from the auditor's 10 days after publication amount due each unit, providing objections Expect Warrants Several officials pecting warrants for posit the First National Bank Publication funds the First National week The official announcement amount of public funds the Mar ion National Bank effected by the new law follows to Section 9 of chapter 33, acts of 1932 page 146, of the attorney general and the auditor of state that there on deposit with the Marion National Bank which bank pay ment Feb. 25. 1933. the following public funds classed money Grant county $12,761 Marion city 1,340.69 Jefferson 683 Center Twp. Marion city schools 942.91 Marion library 27.82 "Ten days after publication. there objection, the auditor of state will issue his warrant for the amount (Signed) Fred Eward. Roy Henry Erlewine and Milton Matter, liquid ating trustees
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The Indianapolis Times investigated the guardianship affairs of those veterans, now wards of the court with banks for parents, and found estates dwindling over a period of years from large balances to pin-money. The Times will show in this series on the affairs of patients and former patients of the Marion hospital for veterans that one estate alone dropped from a $5,000 bank balance to FOURTEEN CENTS and several bonds of doubtful value. It will show that it was necessary for one closed bank to lend money to the guardianship it held in trust, in order that court reports might be made to balance without the sale of doubtful holdings. It will show that court reports on the condition of the finances of the veterans' estates were sworn to by banks but that the true values of the securities held in the veterans' estates were not divulged. Change Charged Investments of thousands of dollars were made without court order. In some cases, the securities were purchased two and three years before the circuit court of Grant county knew of the purchase. The series will relate how the Grant Trust and Savings Company, a closed institution, bought bonds in one company when reports of that company showed that it had not paid taxes for two and one-half years and had sustained a net loss the year bonds were purchased, of $14,000. It will show, however, that officers of the Grant Trust in petitioning Grant circuit court for the right to invest. declared the investment "safe and sound and without hazard." Wholesale transfers of mortgages to veterans' estates will be shown to have been made on one day by the Grant Trust Company. One month later, the Grant Trust was merged with the First National bank of Marion (now a closed institution.) The mortgages in some cases still remain unpaid. It will be shown by court records that loans were made to a beer importer of Marion at that time, an official in the bank where the trust was held. Aproval of the purchase of securities for the veterans was given by the court in some cases and some of those securities are never shown again as having been bought or transferred, in the guardianship records of the Grant circuit court. The series will trace operations of one trust officer, who also was listed as secretary, as being in direct contact with these estates of veterans through three banks. Laxity Is Hinted It will charge that he had knowledge of investments from as far back as 1922 and 1923 until the present day. Present state of these investments indicates that the circuit court was lax in investigations before giving approval to the purchase of securities for the estate of the veterans. It will be shown that up to the time of The Times' investigation, Circuit Judge O. D. Clawson never had ordered an audit of the books of the Grant Trust. The Grant Trust is in receivership in his court. Much of the frozen assets and losses to the estates of the incompetent men occurred during the business years of the Grant Trust and up to November, 1930. It will be shown that those anemic investments were taken over in the merger of the Grant Trust and the First National of Marion (now in receivership) It will be shown that records of some estates have come to the attention of the United States district attorney in the guardianship estates, but no action has been taken. While on one hand, the guardianships have been depleted in one closed bank by insecure investments it will be shown that in the Marion National bank (now in liquidation) the securities, or declared main liability, were adequate and safe, but that the wards were permitted seemingly extravagant expenditures. One veteran was permitted to buy eight watches and five watch chains in ten years' time by the
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JUDGED INSANE, WAR VETERAN DRIVES AUTO Statehouse Records Reveal License Issued to IIi Ex-Soldier. (Continued From Page One) pany with an attendant is as close as he can get to the estate held in guardianship for him by the Grant Trust and Savings Company and later the First National bank of Marion and now the present guardian, the First National bank in Marion. In January of 1924 he had an estate balance, according to the guardianship records, of $2,805.55. Through the period of the trust he has had cash up to $5,000. Exceptions Are Filed The final report of George W. Rauch. acting conservator of the First National of Marion on Oct. 17, 1933, showed he had a FOURTEEN-CENT cash balance. Exceptions have been filed against the final report of Mr. Rauch and losses to the estate of Case 1975 are charged at $4,425 through the trust period. It is shown on the books of the Grant Trust, according to a probe of the veterans' bureau, that Southern Pacific bonds of $2.925 were purchased May 17. 1930. and a mortgage loan of $1,500 for Case 1975. No petition or court order for the above investments can be found in the Grant circuit court or guardianship records. $25 Fees Are Charged In Case 2145 the report for income for 1931-1932 is shown by the Marion National (now in receivership) to be $369.90. Guardianship fees of $25 were charged by the bank for administering the estate. The state law passed in 1931 for war veterans declares that only 5 per cent of the yearly income can be charged, unless the circuit court allows a higher fee after a hearing. B. W. Breedlove, chief attorney of the regional office of the veterans' bureau in Indianapolis, wrote a letter to the Grant court clerk as well as the bank calling attention to the overcharge. The fees at 5 per cent should have been approximately $18.45. Meals at $11.25 a day for three persons were necessary to transport Case 2290 from Marion's sanitarium for the insane to Palo Alto, Cal. He was a ward of the old Marion National bank. Bank Officials Defend Cost It cost the veteran $593.10 to be taken to California, it is shown on reports of the bank to the circuit court of Grant county. Bank officials as well as sanitarium officials defended this cost with the assertions that it was necessary, due to his type of mental case, that two attendants accompany him to California The attendants were paid at the customary rate of $5 a day for eight days en route and return. One notation on the expense voucher showed meals "Chicago to Indianapolis, $5." A mystery voucher that re-occurs with regularity throughout the guardianship records reads like this: "Hook's drug store Christmas present for ward, 39 cents." The vouchers differ in that sometimes it is a "E. V. Barney" who is apparently giving the Christmas present to the bank's ward and which the ward is presumably paying for, and other occasions the name of different donors,.a grocery or jewelry store. The amounts of the gift run the scale of from 37 to 41 cents. (Next-When Investments Were in Bloom and How They Faded.)