Jasper County Democrat, Volume 10, Number 38, Rensselaer, Jasper County, 21 December 1907 — Page 1

Jasper County Democrat.

SI.OO Per Year.

REMINGTON HIT.

Robt. Parker’s private » Bank Closes. i RESULT OF LONG-CONTINUED RUN. Mr. Parker Hopes to Pay Depositors In Full, and Will Turn Over Every Dollar He Has.

As a result of a continued run for the past two months the private bank of Robt. Parker of Remington dosed its dooirs Thursday. The failure of the Dague banks and the fact that Mr. Parker was known to have made some investments in Arkansas' and Texas lands and was generally considered to have “too many irons in the fire,” no doubt hastened the end, and it closed its doors Thursday noon after exhausting every resource to keep up. There was some $20,000 to $21,.000 of county funds deposited in the bank, and it is reported Mr. Parker made an appeal to the Rensselaer banks for assistance Wednesday but they did not think they ought to take any chances on extending outside aid. Mr. E. L. Hollingsworth of the First National Bank of Rensselaer was called over to Remington Wednesday by Mr. Parker and the latter sold him all his own and his immediate family’s interest in the First National Bank of Remington, 210 shares, and applied the proceeds to settling with two county treasurers, it is reported. Mr. Parker also retires as president and one of the directors of the bank. Deposits in the First National are only about $50,000, and an amount of currency is on hand to pay every depositor in full if he demands it, and then some. This bank has been in operation only about two or three years and is in a perfectly solvent conditionHartley Church will be continued as cashier with C. G. Beal as assistant cashier, and the bank is in good bands.. The' failure of the Parker bank will in no way effect the Rensselear banks. Pending a placing of goodly ehare of the stock in the First National with Remington capitalists, the stock is in Mr. Hollingsworth’s name. It is stated positively that the 420,000 of Jasper county funds in the bank were withdrawn before the bank closed; about $3,000 due treasuerer of Benton county was also paid, but trustee Fell of Carg inter tp., and trustee Gilbert of ilboa tp., Benton county, each had several thousand which they did not get.

The last report of the Bank of Remington, made September 10, showed assets and liabilities each of 1145,119.93; a surplus of 12,000; individual deposits $72,255.54; time deposits $36,898,14, and that the bank had borrowed SIO,OOO on notes. State officers seem to think the bank was solvent and will pay out dollar for dollai*, and Mr. Parker states that he will turn over every dollar he possesses if necessary to pay in full. He is all broken up over the failure and Indianapolis papers state that he wept over the telephone in notifying the Auditor of State of the closing. E. M. Hinshaw, the state bank examiner who is in charge of the Goodlaqd Bank, has been plaoed in charge and a statement will soon be made of the conditions. Dec 7 the bank building was deeded to the bank by Parker, the price of it was pnt in at being $4,500. At different times Parker has been connected with banks at Brookston, Wolqott, Burnettsville and Kouts, but has disposed of his interests in all of these except the Kouts bank, which it is said will not be embarrassed by the failure, of the Remington bank.• The $25,000 stock in the First National was owned all in the Parker family, and by the transfer of this stock Mr. Hollingsworth became the owner of 210 shares or $21,000, 40shares still being owned by Hartley Church, Mr. Parker’s son-in-law. Robert Parker was born in Hanging Grove tp. Jasper county, Jan. 13,1848, and has been a resident of Remington over 40 years, coming there in 1866 as clerk in a drug store. He later learned telegraphy and was railroad agent at Remington from

1868 to 1872, when he went to Indianapolis to take position as cashier in a bank. He remained tjiere only a little more than a year, when he returned to Remington and with bis brother-in-law, John Berger, engaged in the lumber, coal and banking business. Berger sold his interest in the bank to Parker about 1887, and later Henry Van Voorst of Monticello was a partner with Parker. In the early 90’s Parker bought VanVoorst’s interest and he has since conducted the bank by himself. A hard worker, who took little recreation, always at the head of every public movement to promote the business or moral interests of the community, generally considered a careful and successful business man, his bank did a large business for that community and be enjoyed the confidence and esteem of the people thereabout, He is a republican and served in the legislature one term as representative from Newton and Jasper counties. Mr, Parker has a fine borne in Remington worth $5,000 or more, the title to whipb rests in his name.

BALDWIN & DAGUE BANKS CLOSED

By State Examiner.—One Located at Goodland, One at Fowler and One at Ambia.

The three private banks owned by Judge D, P. Baldwin of Logansport and W. H. Dague of Fowler, located at Goodland, Fowler and Ambia were closed by order of the Auditor of state Wednesday morning. Each bank was capitalized for SIO,OOO, and while no official figures have been given out it is said the Goodland bank, which was in charge of L. A, Wiles as cashier, who is well known to many of our people, had about $125,000 deposits; the Bank of Fowler about SIOO,OOO, and the Citizens Bank of Ambia, some thing less than 1100,000. The failure is attributed to speculation in Arkansas timber lands, in which Mr. Dague as active manager of the banks invested largely a few years ago, purchasing 7,500 acres in Poinsett county, paying $6 per acre therefor. It is alleged that all the capital, much of the deposits and considerable borrowed money has been invested in speculation, and it is scarcely hoped by the state officers that they will be able to pay out in full. The examination under the new banking law showed the bad condition and caused the State Auditor's action. ' This was one of the oldest chains of banks in Indiana, the Fowler bank having been established some 25 years ago, and they purchased the Goodland batik from S, C. Spoor about 18 years ago. It is asserted that about SIOO,OOO was borrowed by the bankers from the banks, and that about all that is left in the safes is deeds to the 7,500 acres of Arkansas lands. Baldwin is} supposed to have a private fortune of about SIOO,OOO, and this will help to pay out. Dague apgirently never had much money. e was a republican politician and now has a son who is a cadet at some military school, the appointment of course being secured through his father’s political pull. He is said to be a crack football player at least, and each of the Fowler papers last week contained over a column of matter about yonng Dague’s prowees on the ■gridiron, but not a word as to his standing as a student. Baldwin was also quite prominent in political affairs a few years ago, believe has been both a republican and free trade democrat. He vigorously opposed the enactment of the banking law examination before the legislature last winter, and is said to have been instrumental in having it modified considerably.

FREE FOR THIRTY DAYS.

For the next 30 days we are going to present all new subscribers to The Democrat paying $1.35 for a year’s subscription and one of The Democrat's Wall Charts, a year’s subscription to the American Farmer. Take advantage of this offer at once and secure the opening chaptersof the Democrat’s new serial, “The King of Diamonds,” one of the best stories you ever read, the opening chapters of which appear this week. For a short time we shall be able to supply new subscribers with back numbers of The Democrat containing the opening chapters of this excellent story, so that they may miss no part of it.

What makes a nicer present than silver? Clarke has a fine line.

Rbnssblakr, Jasper County: Indiana, Saturday, December 21, 1907.

THE COURT HOUSE

Items Picked Up About the County Capitol. New suits filed: No. 7244. Fletcher Monnett vs. Cordelia P. Monnett and the Chicago Training School for City, Home and Foreign Missions; action to set aside deed. —o— County Treasurer Charles Spinney of Kentland had $25,000 or $30,000 county funds in the Goodland bank, but bolds collateral securities to cover the amount, but Whether he will be allowed to hold them in law seems to be questioned by some. —o— The road supervisor elections in Marion tp., Saturday were quite well attended, notwithstanding the foot of wet heavy snow covering the ground and the consequent bad roads. In No 1, Cbas BattledrtV was elected; No. 2, N. A, Hendryx; No. 3, Morg Shields. Mr. George Lucterhand and Miss Blanche Milner, a worthy young couple of near Remington, were in the city Tuesday and bought a marriage license of Clerk Warner, the third one issued for the month. They will be married next week and will reside upon a farm southwest of Remington which Mr. Lucterhand has rented for next year. Marriage licenses issued: Deo. 17, George Frank Lucterhand of Remington, aged 25, occupation, farmer, to Jessie Blanche Milner, also of Remington, aged 24, occupation housekeeper. First marriage for each. Deo. 18, Caddie Andersen Caldwell of Barkley tp., aged 21, occupation farmer, to Myrtu Pearl Price, of Parr, aged 18. occupation housekeeper. First marriage for each.

SUIT BEGUN TO SET ASIDE DEED

As predicted by The Democrat a few weeks ago in its mention of the transfer to a Chicago training school of all of Miss C. P. Monnett’s real estate in Resselaer and west of town, consisting of 1,003 acres of land worth approximately 1100,000, the matter is to have an inning in the courts. Fletcher Mon nett, a brother of of Cordelia P. Monnett who owned the land, filed suit in the circuit court Monday against his sister and the training school, alleging that the defendant is of unsound mind and is incapable of transacting business and looking after her estate. Stripped of legal verbiage, the complaint charges that the co-de-fendant, the Chicago training school, learned in some way of defendant’s physical condition and sent a nurse here to care for her, the said nurse being an agent or emissary 'of said school, who poisoned the weak mind of defendant against her relatives, divorcing the friendly relations that had heretofore existed between them, and influenced her to shut her house to them and not allow them to care for or advise her. Dr. Meyer who is connected with said school, is alleged to have fre quentiy visited defendant, staying at her home and taking his meals there, and that he coaxed and induced her to transfer her property to said school, taking her to Chicago last July where she was out of reach of relatives and freinds and where said deed was executed transferring all said property without any reservations whatever to said school, and that the relatives knew nothing at all of what was going on until the deed was recorded here a few weeks ago, as stated in this paper. It might not be out of place to add that defendant was taken away to Chicago, to be kept permanently it is reported, about the time the deed was filed for record, so that if any of the relatives protested against her action she could not be found, it would seem. It is also proper to state that her legal advisors here who had looked after her business affairs for several years and whom bhe had heretofore consulted on all matters of business, knew nothing whatever of the transaction until the deed was filed for record. The entire transaction to those here, who know what Miss Monnett's condition has been for some

time, has a mighty bad look to say the least. A couple Of nurses from the Chicago training school have been here in charge of the property since Miss Monnett wm taken away, and it is alleged that the bulk of the lands are to be sold, the proceeds to be converted into a training school for girls. An article apBsars elsewhere in this issue from r. Meyer personally regarding the alleged plans which in view of the notoriety the matter has assumed, will be read with interest by people here.

THE DEMOCRAT BRINGS RESULTS

When you have something to sell or want to buy, rent, or trade, there is no way of reaching people —several thousand .of them—so quickly and cheaply as through a small ad in The Democrat. Illustrations of this are being shown every day. One of the many recent illustrations: Last week Uncle George Scbeiner came in and said be was getting too old to farm and wanted to rent bis farm and move to Rensselear. He put a brief notice in The Democrat to the effect that he wanted to rent his farm, and instructed us to run it three weeks. The ad appeared in Saturday’s Democrat and was read by a man who rushed right out and rented the farm. Monday Mr. Schreiner informed us to drop the ad, as it had accomplished its purpose very quickly. A five line local costs but 25 cents one time in The Democrat, and is read by about 8,000 people, which makes cheap and effectual advertising. Try it aud see for yourself.

THE BELL NOW DOING BUSINESS

The cutting of the bell rope and “swiping” of the clapper to the school bell last week and the consequent discommoding of the schools by reason of not being able to ring the bell, reached a climax Monday when Ernest Gowland and Edgar Duvall, two high school students, were arrested for the offense and were arranged before Squire Irwin, where they entered pleas of guilty and were fined $2 each and costs, $lO 60 in all. This is the first time these boys had been in any such difficulty and as it is always the parents who must suffer most, in a financial way at least from arrests in such cases, it might have been better to have first gone to their parents with the matter before taking extreme measures. We believe it is the earnest desire of all parents who take any interest in their children to have them behave themselves and obey the rules of their schools, but no parent can tell at what moment something of this kind will come home to themselves through some thoughtless act of their own boy. As neither of these boys had ever been mixed up in the malicious destruction of school property before—such as at frequent times has occurred here —we believe it would have been better in this instance to have shown a little leniency and let the parents, have dealt with the boys, which no one knowing John Duvall or Henry Gowland doubts they would have done. However, Supt. Warren has shown a disposition to frown on most of the bad customs whioh he found on taking charge of our schools, and aside from this little difficulty the schools were never running smoother than at present. He should be supported by every good citisen in his efforts to bring about a better condition of affairs in our schools, even though it became, in his opinion, necessary to take drastic measures and make an example of the boys. The bell is in ship-shape once more and the lesson will not be lost on the high school boys.

RENSSELAER PUBLIC LIBRARY LECTURE COURSE Jan. 30,1908, Hon. George D. Alden. Feb. 17,1908, Opie Reed. March 6, 1908, Father Kavanaugh. Tickets for the full course $2.00. The greatest line of fine /ur and handkerchiefs ever seen in town. Chicago Bargain|3torb. Our prices for furniture are lower than any Chicago houses. Jat W. Williams. Cloaks, suits and skirts, 50 cents off on the $. Chicago Bargain Stork.

WHO’S WHO?

In the Stock Farm Compromise Matter. REFEREE BOWERS WILL DECIDE In a Few Days—Names and Amounts Represented on Petitions to Accept and to Reject SIO,OOO Offer.

In view of the fact that hundreds of The Democrat’s readers are interested, many in a financial way, in the proposed compromise of the $54,000 claim of the defunct McCoy bank in the old Rensselaer Stock Farm overdrafts and notes, wherein Delos Thompson, the onty member of said firm who is not judgement proof, offers SIO,OQO in full settlement therein of the suit now pending against him for the full amount—at considerable work, we have secured the names of those bank creditors signing the petition to accept said SIO,OOO and those signing the counter-petition, to reject it. The list shows the amount each creditor had in the bank at the time it closed its doors, and the total against accepting the compromise is a little over $131,000 This fully shows the sentiment of the creditors, and if the referee respects their wishes the compromise will be rejected. It is expected Mr. Bewers will rule in the matter about Dec. 31.

Following is the list: FOB COMPROMISE. SP. Thompson $7,228 38 Jennie Thompson 4,195 13 Merchant*' Nat. Bank, Lafayette.... 5,232 74 Farmer* Nat. Bank, Lafayette 10,067 80 First Nat, Bank of Lafayette ...... 10,444 72 Lafayette Loan and Trust Co 700 00 A, K. Yeoman 150 00 Benjamin Harris '. 4,157 64 B, F, Fendi* 1,514 05 Warren Robinson 892 38 L. Stron*. 115 61 C, 8. Chamberlain....... 711 04 John Eger 1,998 98 Folts & Spitler... 182 55 L. M. Imes . 116 82 L, H, Meyers... 2 19 John Lesh ... 4017 AGAINST COMPROMISE, Moses Tuteur $13,744 10 I Tuteur 8,500 00 Mrs. Blanche Tuteur 90 00 Edmon Holliti 451 50 Chas F Stackhouse 470 00 John Makeever.... 1.025 00 Geo A Williams... 30 00 Baughman A Williams 500 00 J A Larsh 22 00 Maud Larsh. 6,000 00 Geo W Hopkins. 385 CO Maria Hopkins 90 00 W H Eger 9,000 00 Mrs Anna Tuteur and Anna Tuteur Sdu 6,700 00 A R Kresler 30 00 John Hordeman . 105 00 Frank G. Kresler 400 00 Henry Randle, adm.. 3,000 00 Henry Randle 34 00 Chas W Platt 5900 Simon Phillips 877 00 Jesse Nichols 950 00 Henry Grow .. 525 00 John Bill 975 00 John Bill, trustee Jordan tp 900 00 Henry, Anna and Isabel Luers 450 00 John English 670 00 John Sullivan 535 00 Abraham Leopold 8,500 00 Daniel Waymire 350 00 G B Porter 65 00 White A Marion $0 00 H L Brown 72 00 Mary J Morgan 95 00 John Morgan. 50 00 Mary Morgan 415 00 W F and B A Power* 800 00 Cha* M Blue, Trustee Marion tp..... 2,929 14 Cha* F0x.... 280 00 John Bislosky 950 00 L A Harmon.... f. 100 00 Geo W Andrua 618 00 HS Andrus . 30 00 Wm A Irvin 30 00 H O Harris ’. 2,000 00 TW Grant . 2,444 00 Henry Kolhoff 70 00 C W Hanley 395 00 J B Hopkins 25 00 John S Andras 100 00 Coen A Brady 260 00 ChasMalchow . ........ 350 00 Chas J Phegley 193 00 Harry Zimmerman 665 00 Mrs John Zimmerman 245 00 HR Wood 157 00 W*H Ritchey .... 999 Dewitt C Hopkins ........... 4,600 00 Nehemiah Hopkins ..... 713 29 Frank Donnelly 237 00 Vernon Nowels 45 00 B. Kolhoff 80 00 F Stocksick 940 00 Mary E Nichol* 100 00 A J Biggs 4<JOO Joseph Nagel . 2,303 00 A S Laßue 4528 Elisabeth Michael* , 2,800 00 Wm MfcHoover 80 00 Wm Washburn.... : 832 00 Carle Healy 400 00 Peter Hordeman.... 1,400 00 JosephjPutt* 105 00 Philip Paulus .J. 1,600 00 Elias Arnold *.... .... 975 0Q F Wade Laßue ................ ..... 244 76 Theresa Belle Laßue „ 41 47 Geo Wileox. ._ _... 1,800 00 W E Poole. 385 00

Vol. X. No. 38

JohnSchroer x 1,280 00 Frank Schroer . 1,900 00 Mark Schroer ;. 830 00 Fred Waymire ..... 218 00 W L Brinjle.. 350 00 Winifred N. Pence 7,085 22 Lora B Pence 2,166 83 Myra Pence 56 22 Leonard Pence 389 00 Lida Pence... .. .. 61 40 John W Yeakle , 409 70 Frits H. Zard 1.253 03 Deborah Barton et al 3.500 00 L M Ritchey ... 291 00 M W Reed 100 00 N 8 Bate* .1 _ 320 00 Leuie Batea 140 00 Lawaon H Myer...’....;. 5 00 ▲liceC Myer .. 450 00 ThenaMyer .„. go 00 A T Bowen A C0........._ 10,000 00 S R Nichole ..:... 7,780 00 Austin & Hopkina 87 00

THE WEEK 5 GENERAL NEWS

Forty to fifty men die in another mine horror, this one being near Yolande, Ala., and was' caused by an explosion of dust in the mine. Still another mine horror this week, 250 men being entombed in a coal mine at Jacobs Creek, Pa., Wednesday, with scarcely a ray of hope that there will any of them be saved. The financial situation over the* country shows more improvement this week probably than any previous time. All the big savings banks of Chicago are now paying out money freely. The big war fleet, the first An-glo-Saxon armada, set sail Monday for the Pacific. It consists of 16 big warships and four supply ships. Each warship carries a complement of about 1,000 men. It is to be hoped that this Roosevelt freak does not aggravate the strained relations existing between this country and Japan. Of a total of 407 persons who committed suicide in Chicago in the 12 months ending December 1, 1907, 200 were married, while only 124 were single, according to official reports. Thirty-six widowers also were in the list, 13 widows and 10 divorced persons. In 24 cases the coroner was unable to learn whether the persons had been married or not. According to Dun’s Review, bank clearings last week were but $2,029,209,293, a decrease of 33.4 per cent, compared with the corresponding week of last year. Failures for the week as reported by Bradstreet’s were 284, against 274 for the previous week, 220 in the like week of 1906, 226 in 1905, 239 in 1904 and 239 in 1903. Canadian failures for the week numbered 50, as against 26 the previous week and 31 for the same week of 1906.

A DIFFERENCE OF OPINION.

J. F. Warren of Oklahoma City, Okla., stopped off here awhile last Friday while on his way to Wabash on business. Mr. Warren did net speak very favorably of the new town of Hallet, which is being boomed by a syndicate, two or three of the representatives of whioh have been in Rensselaer for the past few weeks selling lots there. Frank says the town’s prospect for a future is not very flattering. Quite a number of lots have been sold here, several of the purchasers being from amongthose who invested in Canadian lands a few years ago, and perhaps the alluring free round-trip transportation which includes the Pullman accommodations with a wellstocked buffet, and the grand entertainment to be provided for them while their Pullmans lie on the. side-tracks and can be used for sleeping and eating headquarters during the whole week of the “opening,” which is to occur some time next spring, may have bad something to do again with causing them to part with their dollars. One ticket is to be given with each twelve lots sold at S4O per lot. Both oil and gas are alleged to be within a very few miles of Hallet, which now has two railroads, and contract is asserted to have been let to a firm who own gas to pipe the same into Hallet very shortly. Frank’s description of the prospects were so unfavorable that the men who were here selling lots agreed to pay the expenses of any man the local investors might name to go out and make a personal investigation. Accordingly J. F. Brunner was started Sunday and on reaching there telegraphed backathat Hallet was O. K. and conditions had not been misrepresented. The future of the town, of course, depends upon whether it booms or not. At present there lis about 100 population in the place and the lots are of comparatively little value.

The Democrat for job work.