Jasper County Democrat, Volume 19, Number 21, Rensselaer, Jasper County, 10 June 1916 — EXCEPTIONS TO REPORT OF RECEIVER ARE FILED [ARTICLE]

EXCEPTIONS TO REPORT OF RECEIVER ARE FILED

Discrepancy of About $20,000 Is Alleged in Bank Failure Report. Fowler, Ind., June 9. —The long delay in closing up the affairs of the Baldwin-Dague banks of Fowler and Ambia, which failed about 10 years ago may be explained if certain papers filed in the Benton circuit

court are correct. William Elliott of Logansport was appointed receiver more than eight years ago and on account of the delay in closing up the affairs, Judge Pollard of Delphi was recently appointed special judge by Governor Ralston to succeed Judge Lairy of Logansport on the petition of W. H. Dague, president of the defunct banking institutions. Special Judge Pollard ordered the affairs of the banks closed up and also issued an order requiring the receiver to file his final report without delay, which was done at the last terra of court. The depositors of the Fowler bank have been paid in full and the depositors of the bank at Ambia have received nine dividends, but accord ing to the final report filed by the receiver there is not sufficient money (u hand- to pay the tenth and final dividend. - ?

W. T. Wilson, executor of the estate of Daniel P. Baldwin, one of the owners of the banks, has filed a bill of exceptions to the current and final reports in tlie- two bank case and alleges a cHscrepancy of about

szQJjpo. Exceptions to the report have also been filed by W. H. Dagu* and the items are about the same as iii the exceptions filed by Mr. Wilson. . . ■.> :

The bill of exceptions filed by Mr. Wilson for the Baldwin estate charges many errors of commission of charges and duplication of credits and erroneous credits appear in the reports and show much carelessness and indifferent work by the receiver, which will total more than $20,000. Objections are also made to the attorney fees allowed by Mr. Elliottto .McConnell, Jenkins, Jenkins & Stuart. They have received $6,050 for their services rendered the receiver, which is alleged to be far in excess, of what their services were actually worth, and asks that a full investigation of the services rendered by the attorneys and the allowances be considered, and that the attorneys be allowed only such sums as the services actually rendered were worth to the trust. Objections are also made to the allowance of $6,826.50 to the receiver and they ask that this amount be reduced one-half.

The bill of exceptions filed by W. H. Dague alleges a discrepancy of $20,G00, and goes on to say that it will require $2 0,0 00 more money than the receivers of the Goodland bank, another of the Baldwin-Dague chain of banks, which failed at about the same time as the Fowler and Ambia banks, have on hand to pay the depositors in full, and ask? that Receiver Elliott of the Fowler bank pay the remaining money in his hands as the court may determine, to E. G. Hall, Henry T. Griggs and Lawrence A. Wiles, receivers of the Goodland bank.

Judge Pollard, yesterday, entertained a motion of Mr. Wilson for a change of venue, but denied it, and said he would hear the case himself. He set the date for the hearing of the bill of exceptions for Saturday, jm y i-