Annan, Horner & Company (Emmitsburg, MD)

Episode Information

Episode UID
65010671475
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
6501067 routing
Routing Number
65-0106
Start Date
November 30, 1922
Location
Emmitsburg, Maryland (39.705, -77.327)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ea36ab2248e135fe

Response Measures

None

Description

Receivership and bankruptcy proceedings led to permanent closure; no run reported.

Events (3)
1. November 30, 1922 Other
Newspaper Excerpt
A petition for a receivership for the banking firm of Annan, Horner & Co., of this place, has been filed ... the liabilities of the inactive banking house are about $110,000 ... The banking firm has been inactive for about two years, the Farmers State Bank purchasing the banking house of the old firm.
Source
newspapers
2. December 14, 1922 Other
Newspaper Excerpt
The financial difficulties of Annan, Horner and Company, bankers, Emmitsburg will be aired in the United States district court ... Judge John C. Rose ... gave the banking firm until December 23rd in which to file a reply to a petition asking that they be adjudged involuntary bankrupts.
Source
newspapers
3. January 25, 1923 Receivership
Newspaper Excerpt
John S. Newman, Leo Weinberg and Alexander Armstrong ... were appointed in the United States court receivers in bankruptcy for Annan, Horner and others, trading as Annan, Horner & Co., bankers, Emmitsburg. Bond for $15,000 was given by the receivers.
Source
newspapers

Newspaper Articles (3)
1. November 30, 1922 Catoctin Clarion Thurmont, MD
Article from Catoctin Clarion, November 30, 1922

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Article Text

RECEIVERSHIP ASKED FOR ANNAN, HORNER & CO A petition for a receivership for the banking firm of Annan, Horner & Co., of this place, has been filed by Dr. B. I. Jamison, through his attorney, Reno S. Harp. The latter filed a bill Tuesday for Dr. Jamison alleging that the liabilities of the inactive banking house are about $110,000, the majority of this amount being owed depositors from and in this place. No estimate of the assets could be obtained. The banking firm has been inactive for about two years, the Farmers State Bank purchasing the banking house of the old firm. Numerous suits have been brought against the alleged insolvent company for collection of interest-bearing deposits made with the bank, it is said. The bill of complaint of Dr. Jamison states that the complainant deposited the sum of $645.37 in the bank August 8, 1921, to bear four per cent. interest and that to date none of this amount has been paid although several appeals have been made for payment. The bill further alleges that the banking firm of Annan, Horner & Co., owns real estate in and about Emmitsburg and also holds certain bank notes in the Baltimore Commercial Bank, Baltimore, these notes being deposited as collateral security for payment of loans received from time to time from the Baltimore Commercial Bank. The banking firm of Annan, Horner & Company is an old establishment in this community and at one time was considered one of the most substantial banking houses in this section of the State. Shortly after the sale of the old banking house, depositors started action to recover their money and at present some five or six suits are pending in the local court against the company. The partnership is composed of Anna E. Horner, J. Stewart Annan, Edgar L. Annan and Andrew A. Horner. Suits to recover deposits have been filed by Charles J. Rowe, $525; Mary E. Martin, $3,100; Robert B. Close, trustee, $5,116; Samoset Chocolates Co., $50; Emory C. Crum, $256; Ersa S. Six, $462; William B. Frizzell, Administrator, $385. -Emmitsburg Chronicle.

2. December 14, 1922 Catoctin Clarion Thurmont, MD
Article from Catoctin Clarion, December 14, 1922

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Article Text

IN U. S. COURT The financial difficulties of Annan, Horner and Company, bankers, *Emmitsburg will be aired in the United States district court in the near future. Judge John C. Rose late Monday afternoon issued an order giving the banking firm until December 23rd in which to file a reply to a petition asking that they be adjudged involuntary bankrupts. The petition was filed with the court by Newman & Newman, Leslie -M. Coblentz and Leo Weinberg, attorneys for Albert B. Close, administrator; Mary E. Martin and Ersa S. Six. The application for bankruptcy was based upon the receivership proceedings in the circuit court at Frederick, the petition pointing out that Reno S. Harp had been appointed receiver for the banking firm by a decree of the local court. The application for bankruptcy was necessary in order to give the U. S. court jurisdiction. It is the aim of the petitioner to have a trustee in bankruptcy appointed by the Federal court to take charge of the affairs and property of the firm.

3. January 25, 1923 Catoctin Clarion Thurmont, MD
Article from Catoctin Clarion, January 25, 1923

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Article Text

NAMED BANK RECEIVERS John S. Newman, Leo Weinberg and Alexander Armstrong Wednesday of last week were appointed in the United States court receivers in bankruptcy for Annan, Horner and others, trading as Annan, Horner & Co., bankers, Emmitsburg. Bond for $15,000 was given by the receivers.