Maryland Trust Company (Baltimore, MD)

Episode Information

Episode UID
7007371246
Episode Type
Suspension → Reopening
Bank Type
trust
Bank ID
700737 routing
Routing Number
7-0073
Start Date
October 19, 1903
Location
Baltimore, Maryland (39.290, -76.612)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4499e92585b5528e

Response Measures

None

Description

Articles describe an 1903 receivership followed by a reorganization/reopening (c.1906) and also show the bank reopening after the March 1933 banking holiday.

Events (5)
1. October 19, 1903 Suspension
Cause
Government Action
Cause Details
Bank placed in hands of a receiver (formal receivership following failure)
Newspaper Excerpt
The Maryland Trust company went into the hands of 1 receiver on October 19, 1903.
Source
newspapers
2. January 2, 1906 Other
Newspaper Excerpt
The grand jury ... returned presentments against three of the former officials; Henry J. Bowdoin ... was arrested on a capias ... released under a bond of $10,000.
Source
newspapers
3. January 2, 1906 Reopening
Newspaper Excerpt
The company has been reorganized and a few days ago re-opened its doors with a capital of $1,000,000.
Source
newspapers
4. March 6, 1933 Suspension
Cause
Government Action
Cause Details
National/state banking holiday and suspensions during March 1933
Source
newspapers
5. March 15, 1933 Reopening
Newspaper Excerpt
Permission ... was announced tonight ... and also the Maryland Trust Company, state bank member, [was] permitted to re-open.
Source
newspapers

Newspaper Articles (13)
1. January 3, 1906 Arizona Republican Phoenix, AZ
Article from Arizona Republican, January 3, 1906

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Article Text

OFFICERS INDICTED. A Result of Investigation of Affairs of Maryland Trust Company. Baltimore, Mr., Jan. 2.-The grand jury which has been investigating the affairs of the Maryland Trust company, under the old regime, today returned indictments against three of the former officials, one of them Henry J. Boddoin, who was the vice president and in active charge at the time of suspension, was arrested on a capias from the criminal court and released under a bond of $10,000. The other two have not been arrested, and until they are taken into custody their names are withheld.

2. January 3, 1906 Albuquerque Morning Journal Albuquerque, NM
Article from Albuquerque Morning Journal, January 3, 1906

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Article Text

GRAND JURY INDICTS TRUST COMPANY MEN Henry J. Bowdoin Released in Baltimore on $10,000 Bond. & Baltimore, Md., Jan. 2.-The grand jury which has been investigating the affairs of the Maryland Trust company under the old regime, today returned indictments against three of the former officials. One of them, Henry J. Bowdoin, who was the vice president and in active charge at the time of suspension, was arrested on a capias from the criminal court and released under a bond of $10,000. The other two have not been arrested and until they are taken into custody their names are witheld.

3. January 3, 1906 Perth Amboy Evening News Perth Amboy, NJ
Article from Perth Amboy Evening News, January 3, 1906

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Article Text

# Henry J. Bowdoin Arrested. BALTIMORE, Jan. 3. - The grand jury which has been investigating the affairs of the Maryland Trust company under the old regime returned presentments against three of the former officials, and one of them. Henry J. Bowdoin, who was the vice president and in active charge at the time of suspension, has been arrested.

4. January 3, 1906 The Times Dispatch Richmond, VA
Article from The Times Dispatch, January 3, 1906

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Article Text

# INDICT MARYLAND BANK OFFICIALS Henry J. Bowdoin, Vice-President of Trust Company, Arrested For Fraud. TWO OTHERS ARE WANTED One, Said to Be J. Wilcox Brown, Is Living In Afton, This State. (By Associated Press.) BALTIMORE, MD., January 2.-The grand jury which has been investigating the affairs of the Maryland Trust Company under the old regime to-day returned presentments against three of the former officials. One of them, Henry J. Bowdoin, who was the vice-president, and in active charge at the time of suspension, was arrested on a capias from the criminal court and released under a bond of ten thousand dollars. The other two have not been arrested, and until they are taken into custody their names are withheld by the State attorney's office. It is stated unofficially, however, that they are J. Wilcox Brown, formerly president of the company, and now residing at Afton, Va., and J. Bernard Scott, formerly the company's treasurer, and now, it is said, a resident of Georgia. Friends of these two express the opinion that they will, as soon as they learn of their presentment, return to this city and give bail. The presentments charge violation of the law prohibiting issuing of "false or fraudulent statements regarding the financial condition of any corporation." No specific offense is cited and the Maryland Trust Company is not named. Mr. Bowdoin refused to make any statement, referring all inquirers to his attorney, who declares himself and his client utterly in the dark, except for the bald fact of the presentment.

5. January 3, 1906 The Providence News Providence, RI
Article from The Providence News, January 3, 1906

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Article Text

# FORMER MARYLAND TRUST CO. # OFFICIALS UNDER INDICTMENT Baltimore, Jan. 3. -The grand jury, which has been investigating the affairs of the Maryland Trust company under the old regime, yesterday returned presentments against three of the former officials. One of them, Henry J. Bowdoin, who was the vice president, and in active charge at the time of suspension, was arrested on a capias from the criminal court and released under a bond of $10,000. The other two have not been arrested, and their names are withheld by the state's attorney's office. It is stated unofficially, however, that they are J. Wilcox Brown, formerly president of the company and now residing at Afton, Va., and J. Bernard Scott, formerly the company's treasurer, and now, it is said, a resident of Georgia. The presentments charge violation of the law prohibiting the issuing of "false or fraudulent statements regarding the financial condition of any corporation." No specific offence is cited and the Maryland Trust company is not named.

6. January 3, 1906 The Pensacola Journal Pensacola, FL
Article from The Pensacola Journal, January 3, 1906

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Article Text

# OLD OFFICIALS # UNDER ARREST By Associated Press. Baltimore, Jan. 2. -The grand jury which has been investigating the affairs of the Maryland Trust Co. under the old regime today returned a presentment against three former officials. One of them, Henry J. Bowden, who was vice president and in active charge at the time of the suspension, was arrested on a capas from the criminal court and released under a bond of ten thousand dollars. The other two has not been arrested, and their names are withheld.

7. January 3, 1906 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, January 3, 1906

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Article Text

Henry J. Bowdela Arrested. BALTIMORE, Jan. 3. - The - grand jury which has been investigating the affairs of the Maryland Trust company under the old regime returned presentments against three of the former officials, and one of them. Henry J. Bowdoin. who was the vice president and in active charge at the time of suspension, has been arrested.

8. January 5, 1906 The Forrest City Times Forrest City, AR
Article from The Forrest City Times, January 5, 1906

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Article Text

RETURNED PRESENTMENTS The Grand Jury at Baltimore, Md., Indicts Former Officials of the Maryland Trust Co. Baltimore, Md., Jan. 3.-The grand jury which has been investigating the affairs of the Maryland Trust Co., under the old regime, returned presentments against three of the former officials, one of them, Henry J. Bowdoin, who was the vice-president and in active charge at the time of the suspension, was arrested on a capias from the criminal court and released under bond of $10,000. The other two have not been arrested.

9. January 5, 1906 The Havre Herald Havre, MT
Article from The Havre Herald, January 5, 1906

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Article Text

# INDICTED BY GRAND JURY. True Bills Found Against Former Officials of a Trust Company. Baltimore, Jan. 3.-The grand jury which has been investigating the affairs of the Maryland Trust company under the old regime during the day returned presentments against three of the former officials. One of them, Henry J. Bowdoin, who was vice president and in active charge at the time of suspension, was arrested on a capias from the criminal court and released under a bond of $10,000. The other two have not been arrested and until they are taken into custody their names are withheld. It is stated unofficially however that they are J. Wilcox Brown, formerly president of the company and now residing at Afton, Va., and J. Bernard Scott, formerly the company's treasurer and now, it is said, a resident of Georgia. The presentments charge violations of the law prohibiting the issuing of "false and fraudulent statements regarding the financial condition of any corporation."

10. January 5, 1906 The Stark County Democrat Canton, OH
Article from The Stark County Democrat, January 5, 1906

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Article Text

BIG FINANCIERS WERE PLACED ON THE CARPET TO TESTIFY Presentments Grand Jury Finds Against Former Officials of the Maryland Trust Company. Baltimore, Md., Jan. 2-The grand jury has found presentments against three former officers of the Maryland Trust Company serving at the time their company went into the hands of 1 receiver. one of these, Henry I Bowdoin, was arrested this afternoon. Mr. Bowdoin was the vice president of the company at the time of its failure. The presentment is based on alleged negngence in the management of the company's affairs in that department over which he had juriadiction. The greater. secrecy is being maintained as to the identity of the other officials accused. The grand jury has been investigating the affairs of the company for the last month. Prominent financiers, brokers, officials and employes of the company have been ordered before the body to test.fy concerning the management of the company prior to its failure. The Maryland Trust company went into the hands of a receiver on October 19, 1903. The company has been reorganized and a few days ago re. opened its doors with a capital of $1, 000,000.

11. January 10, 1906 The Miller Sun Miller, SD
Article from The Miller Sun, January 10, 1906

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Article Text

# ALLEGED FRAUD IN BANKING Officials of the Old Maryland Trust Company Are Indicted. The grand jury, which has been investigating the affairs of the Maryland Trust Company under the old regime, at Baltimore Tuesday returned presentments against three of the former officials. One of them, Henry J. Bowdouin, who was the vice president and in charge at the time of the suspension, was arrested on a capias from the criminal court and released under a bond of $10,000. The other two have not been arrested, and until they are taken into custody their names will be withheld.

12. January 13, 1906 Evening Star Washington, DC
Article from Evening Star, January 13, 1906

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Article Text

Maryland Trust Won $281,447 Suit. By a decision of the Maryland court of appeals at Baltimore yesterday the Me-chanics' National Bank of Baltimore loses its suit against the Maryland Trust Com-pany for $281,447, the case arising out of a deal which netted Mr. John B. Ramsay, president of the bank, a commission of $100,000. The deal occurred before the Maryland Trust went into a receiver's hands, and arose out of the absorption by that company of the Guardian Trust Com-pany. According to the opinion of the court Mr. Ramsay was acting as agent for the Maryland Trust, one provision of the deal being that the Maryland Trust was to buy up a large share of its own stock, the money for that purpose to be advanced by the Mechanics' National Bank. The amount thus advanced, with interest, aggregates

13. March 14, 1933 The News Frederick, MD
Article from The News, March 14, 1933

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Article Text

BALTIMORE BANKS TODAY National And State Institutions Affected By Order. PERMISSION GIVEN FORMAL o: all five national banks. one state bank member of the Federal Reserve system and seven state banks in Baltimore on an unrestricted basis tomo:row was announced tonight by banking authorities here. Hugh Leach. manager of the Bait:- the more branch of the Federal Reserve Bank, Richmond. announced permission to re-open had been given the Canton National. First National. N.ttonal Central. National Marine and Western National banks and also the Maryland Trust Company. state bank member. Permission for unrestricted business beginning was given by John J. Ghinger. state bank commissione. to the following state banks in Baltimore Calrert Bank Colonial Trust Company. Equitable Trust Company. F.delit. Trust Company. Mercantile Trust Company. Morris Plan Bank and Real Estate Trust Company Ghinger also said the Safe Deposit and Trust Company and the Conter mtai Trust Company. whose business is no: general banking business but fiductary business. handling trust tates open tomorrow. Commissioner Ghingher late tonight tutions = Baltimore would be permitted to re-open tomorrow on norms: his basis and four mutual savings institum. banks were opened in Baltimore for business before the bank holiday declared. These national three state banks which are members of the Federal Reserve system and 25 state banks. Reopening of state banks in the of Maryland on normal is presented by State and Federal Regulations until Wednesday. it was said Representatives of the county banks will meet at the bank commissioner's office tomorrow morning to Ghingher and Got. on for re-opening Among the financial houses that were to reopen on :00 per same. and Alexancer Brown and Son: