Jasper County Democrat, Volume 12, Number 7, Rensselaer, Jasper County, 24 April 1909 — RULES AGAINST TRUSTEE FELL [ARTICLE]

RULES AGAINST TRUSTEE FELL

Judge Anderson Says He Must Stand For Loss of $3,000 In Parker Bank, at Remington. In its report of the proceedings in the Federal Court at Hammond Wednesday the Times of that city says: Probably the most interesting case which came before the court was that of William H. Cheadle vs. Allison A. Fell, trustee of Carpenter township, Jasper county, in which Judge Anderson decided that Fell is responsible for the township funds, which were deposited in the Parker bank at Remington and which were lost when the bank failed. Fell’s attorneys argued that the $3,000 deposited in the Parker bank was A trust fund and should be paid back, dollar for dollar out of the remaining assets of the bank. Judge Anderson ruled, however, that the township trustee places the townships funds in a bank at his own risk. As a result Trustee Fell will be compelled to sell his farm to make up the loss. It is but" another of the tragedies which resulted from the failure of the Parker bank at Remington. William H. Cheadle has four other claims against the Parker bank, and these were referred to the master in chancery at -Indianapolis.