Savings Bank (Libertytown, MD)

Episode Information

Episode UID
65017771355
Episode Type
Suspension → Closure
Bank Type
savings
Bank ID
6501777 routing
Routing Number
65-0177
Start Date
November 1, 1912*
Location
Libertytown, Maryland (39.485, -77.240)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
dbc96c7faa30526f

Response Measures

None

Description

Closure was by the State Banking Commissioner who was appointed receiver; articles indicate permanent closing with receiver handling claims.

Events (2)
1. November 1, 1912* Receivership
Newspaper Excerpt
closed last November by State Banking Commissioner J. Dukes Downes, who was subsequently appointed receiver for the institution, will be paid in full. Mr. Downes says that the funds in hand are sufficient not only to pay the depositors the full amount of their claims ...
Source
newspapers
2. November 1, 1912* Suspension
Cause
Government Action
Cause Details
Closed by State Banking Commissioner J. Dukes Downes, who was appointed receiver.
Newspaper Excerpt
Depositors in the Libertytown Savings Bank, of Frederick county, which was closed last November by State Banking Commissioner J. Dukes Downes, who was subsequently appointed receiver for the institution,
Source
newspapers

Newspaper Articles (10)
1. March 21, 1913 The Democratic Advocate Westminster, MD
Article from The Democratic Advocate, March 21, 1913

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Article Text

Mr. H. Roy Caple and family moved this week from near Unionville, Frederick county, to the Charles Ecker farm between Frizellburg and Taneytown. Farm sales continue to result in fine prices for horses and cattle. The farmers have the money to pay for them, too. How the prices may affect beginners with very small capatal, is another question, especially If prices for farm products should drop materially within the next year or two. State Comptroller Harrington has announced the quarterly distribution of the State school tax to be $300,000, of which Carroll county's share is $7,793.78; the free school book tax is $37,500 of which Carroll county is apportioned $1,089.96. The amount accredited to the approved high schools of the State is $28,950, of which $925 comes to Carroll county. It is practically settled that Taneytown in to have a new industry own. ed by the Hanover Creamery Company. If the deal goes through there will be a factory for dairy products: condensed milk, fine butter, ice cream, etc., as well as an Ice factory and cold storage plant. The proposed building will be of brick or concrete about 70 feet long, two stories. The farmers in this section are now busy getting ready for the spring work. Hauling manure and some plowing is being done. They are alBO busy making fences and repairs on the farm during the nice weather. The roads are fairly good and as many as can make It possible to move at this time are doing so, instead of waiting for the first. Wheat and all grain is looking exceptionally fine for this time of the year. A delegation of taxpayers from the Fourth district of Howard county have petitioned the Board of County Commissioners to open a road through the lands of J. J. Fleming, John D. Fleming, Edward Hilton, William H. Miles and John J. Evans, beginning at a point on the Watersville and Poplar Springs roads and ending at a bridge on the Patapsco River, near Newport Station, on the Baltimore and Ohio Railroad, about one mile west of Woodbine. It is said that the road 18 badly needed. and most of the right of way will be donated by the owners of the land. Depositors in the Libertytown Savings Bank, of Frederick county, which was closed last November by State Banking Commissioner J. Dukes Downes, who was subsequently appointed receiver for the institution, will be paid in full. Mr. Downes says that the funds in hand are sufficient not only to pay the depositors the full amount of their claims but that about $3,000 can be applied to settlement with the stockholders. Debts due the bank and still to be collected will probably bring the amount to the credit of the stock. holders up to a figure sufficient for a distribution of 50 per cent. of the par value of their holdings.

2. April 4, 1913 The Citizen Frederick, MD
Article from The Citizen, April 4, 1913

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Article Text

Injunction Applied For. DeWarren H. Reynolds, a well known attorney of Cumberland, through his attorneys, George A. Pearre, of Cumberland, and George R. Dennis, of Frederick, recently filed a petition asking for an injunction restraining j. Duke Downes, State Banking Commissioner, and the receiver of the closed Libertytown Savings Bank from prosecuting a suit against him to recover a note which the bank holds against Mr. Reynolds for $585.76.

3. April 19, 1913 Evening Star Washington, DC
Article from Evening Star, April 19, 1913

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Article Text

Depositors in the closed Libertytown Savings Bank of Libertytown, Frederick county, Md., will be paid in full by Bank Commissioner J. Dukes Downs, receiver.

4. May 16, 1913 The Citizen Frederick, MD
Article from The Citizen, May 16, 1913

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Article Text

Liberty Bank Sues on Note. Judge Worthington heard on Saturday last the suit of J. Dukes Downes, receiver for the Libertytown Savings Bank vs. Dewarren H. Reynolds and B. W. Wilson for $585. The note and interest now amounts to $682.45. Mr. Reyolds has agreed to pay the note, less $300 and interest, he claims the bank owes him for writing the charter and its passage through the Legislature and for other legal services performed. Mr. Downes, as receiver, disputes this bill, and states that any claim Mr. Reynolds might have for drafting the charter, etc., is charged against the organizers of the bank and not against the bank itself, and holds that the bank was not a bank and authorized to do business until it had paid the bonus tax, and that when the services had been performed the bonus tax had not been paid. On the stand Mr. Reynolds read considerable correspondence which passed between himself and the bank, and one 111 which he was asked for one-third of the face of the note, and that his connection with the affair would be closed. When he answered the bill of Mr. Downes, Mr. Reynolds paid into court the sum of $340 45 the difference between the claim of the bank and his claim. State Senator C. W. Perkins represents Mr. Downes, and former Congressman George A. Pearre and Geo. R. Dennis appear for Mr. Reynolds. Mr. Downes was not at the trial. S. D. Hedges, of the bank examiner's office was there. Mr. Hedges reported that all the depositors of the Libertytown bank have been paid their claims in full, and that the claims of the stockholders yet remain to be settled. On account of the throwing of the Maryland Insurance Agency into the hands of the receivers, and the owing of over $7,000 to the bank by this firm, the settlement of the bank's affairs will be delayed.

5. May 16, 1913 The Democratic Advocate Westminster, MD
Article from The Democratic Advocate, May 16, 1913

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Article Text

come and enjoy the evening. If the weather is unfavorable it will be held the first fair evening, Judge Worthington, of Frederick County Circuit Court, on Saturday heard the suit of J. Dukes Downes, receiver for the Libertytown Savings Bank VS. Dewarren H. Reynolds and B. W. Wilson for $585. The note and interest now amount to $682.45. Mr. Reynolds has agreed to pay the note, less $300 and interest, he claims the bank owes him for writing the charter and its passage through the Legislature and for other legal services performed. Communion services, preceded by a preparatory service and the feetwashing ceremony, were held Sunday evening at the Church of the Brethren, Hanover, Pa. There was a large attendance. The following ministers and elders were present: Revs. W. H. Miller, D. H. Baker, E. S. Miller and B. C. Whitmore, of Hanover; Elder J. H. Utz, Taneytown, Md.; Elder S. S. Miller, East Berlin, Pa.; Rev. Grant Group, York Springs, Pa.; Rev. J. L. Myers, Loganville, Pa: Rev. G. M. Resser, Manchester, Md.: Elder John Rowland, Smithburg, Md.; Elder A. S. Baugher, Lineboro, Md.; Elder D. B. Hohf, Blooming Grove, Pa.: Rev. H. R. Miller, Spring Grove, Pa. Fruit of all sorts in this county has been seriously damaged by unseasonable frosts and freezing weather. About the only fruit that has not suffered destruction is apples, and they have been partially destroyed. An expert fruit grower in Bachman's Valley estimates that only 10 per cent. of this fruit escaped the severe cold of two weeks ago, and he expresses the opinion that this small quantity will not come to perfection. There will be no apricots, plums, peaches, pears or cherries. A few quinces are grown in this county, and they are not injured. Strawberries are also still progressing, though they have been somewhat damaged by the unseasonably cold weather. But for this fruit 1913 would be almost a fruitless year in this county. Interesting suffrage meetings under the auspices of the Just Government League of Carroll county were held at Mt. Airy last Saturday night and at New Windsor Tuesday night. The speakers at the Mt. Airy meeting were introduced by Mayor Leatherwood and were Mrs. B. J. Byrne, president of the Howard County League: Miss Elizabeth Taylor, of Baltimore: Mr. Martin Burke, of Howard county, and Mrs. R. T. Foster, of Baltimore. One of the features of the evening was the voiceless speech demonstrated by Mrs. Charles Kellar. At the New Windsor meeting Dr. Frazer presided and introduced the speakers-Mrs. L. H. Engle, president of the Forest Glen Civie Study Club, and Mrs R. T. Foster, State organizer. Over 100 people attended both of these meetings. A meeting will be held in Sykesville Monday night. The School Board of Baltimore, withdrew, by A vote of 5 to 4 its acceptance of the prize offer of the AntiSaloon League after nearly 20,000 children had written their essays. The Board was angry at the League because the League, after the Board refused to do so, supplied the children who asked for It with a scientific pamphiet to enable them to write intelligently. and then in fair dealing tried to let all the other children know that they could get this pamphlet free. The Board claims that the League was trying to Interfere with the schools, but It had agreed that the school authorities might award prizes and even keep the winning essays and had offered to allow the Board to say what should be in the pamphiet and do its own distributing. The net result has been. the Anti-Saloon League reports, to give the pamphlet far more advertis-

6. June 6, 1913 The Citizen Frederick, MD
Article from The Citizen, June 6, 1913

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Article Text

Court Decides Against Reynolds. The court recently handed down a decision in the case of De Warren H. Revnolds, of Cumberland, Md., against J. Duke Downes, the Receiver of the Savings Bank, of Libertytown, this county. The opinion dismissed the petition of Mr. Reynolds, in which he asked that he be allowed a set-off claim of $300 for his services, in securing the bank charter, and also agreed to pay the remainder of the claim against him. By the terms of the opinion, Mr. Reynolds will receive no compensation for his services and will be compelled to pay the claim of the bank in full.

7. May 7, 1914 The Republican Oakland, MD
Article from The Republican, May 7, 1914

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ASSIGNEE'S SALE CLARENCE W. PERKINS, SOLICITOR, No. 10 South Street, Baltimore, Md. # ASSIGNEE'S SALE OF VALUABLE # Real Estate Situate In the Town of Friendsville, Garrett County, Md. Under and by virtue of a power of sale contained in a mortgage from Robert G. McCandlish and Annie L. McCaudlish, his wife, to The Savings Bank of Libertytown, Maryland, bearing date of August 13th, 1912, and recorded in Liber EZT. No. 65, folio 65 etc, one of the Mortgage Records of Garrett county, Maryland, and assigned to the undersigned for the purpose of foreclosure, by J. Dukes Downes, Receiver of The Savings Bank of Libertytown, by order of the Circuit Court Court for Frederick county, Maryland, in cause No 8931 on the Equity Docket of said Court, I will on the

8. May 21, 1914 The Republican Oakland, MD
Article from The Republican, May 21, 1914

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ASSIGNEE'S SALE CLARENCE W. PERKINS, SOLICITOR, No. 10 South Street, Baltimore, Md. # ASSIGNEE'S SALE OF VALUABLE # Real Estate Situate In the Town of Friendsville, Garrett County, Md. Under and by virtue of a power of sale contained in a mortgage from Robert G. Mc-Candlish and Annie L. McCaudlish, his wife, to The Savings Bank of Libertytown, Maryland, bearing date of August 13th, 1912, and recorded in Liber EZT, No. 65, folio 65 etc, one of the Mortgage Records of Garrett county, Maryland, and assigned to the undersigned for the purpose of foreclosure, by J. Dukes Downes, Receiver of The Savings Bank of Libertytown, by order of the Circuit Court Court for Frederick county, Maryland, in cause No 8931 on the Equity Docket of said Court, I will on the

9. May 28, 1914 The Republican Oakland, MD
Article from The Republican, May 28, 1914

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ASSIGNEE'S SALE CLARENCE W. PERKINS, SOLICITOR, No. 10 South Street. Baltimore, Md. ASSIGNEE'S SALE OF VALUABLE Real Estate Situate In the Town of Friendsville. Garrett County, Md. Under and by virtue of a power of sale contained in a mortgage from Robert G McCandlish and Annie L. McCaudlish, his wife, to The Savings Bank of Liberty town, Maryland, bearing date of August 13th. 1912, and recorded in Liber EZT. No. 65, folio 65 etc, one of the: Mortgage Records of Garrett county, Maryland, and assigned to the undersigned for the purpose of foreclosure, by J. Dukes Downes, Receiver of The Savings Bank of Libertytown, by order of the Circuit Court Court for Frederick county. Maryland, in cause No 8931 on the Equity Docket of said Court, I will on the

10. June 4, 1914 The Republican Oakland, MD
Article from The Republican, June 4, 1914

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Article Text

ASSIGNEE'S SALE CLARENCE W. PERKINS, SOLICITOR, No. 10 South Street, Baltimore, Md. ASSIGNEE'S SALE OF VALUABLE Real Estate Situate In the Town of Friendsville, Garrett County, Md. Under and by virtue of a power of sale contained in a mortgage from Robert G Mc-Candlish and Annie L. McCaudlish, his wife, to The Savings Bank of Libertytown, Maryland, bearing date of August 13th, 1912, and recorded in Liber EZT, No. 65, folio 65 etc, one of the Mortgage Records of Garrett county, Maryland, and assigned to the undersigned for the purpose of foreclosure, by J. Dukes Downes, Receiver of The Savings Bank of Libertytown, by order of the Circuit Court Court for Frederick county, Maryland, in cause No 8931 on the Equity Docket of said Court, I will on the