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Banking Holiday for All Maryland Feb. Albert Ritchie late tonight declared tomorrow legal holiday all banking and financial institutions of Maryland and made Monday and Tuesday in an effort for banks here take against heavy this week. Howard Bruce, chairman of the Baltimore Trust company, said withdrawals totaling made his institution today and the week's withdrawals were $13,000,000.
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Governor Predicts Reopening Next Week After New Law Is Passed Feb. Albert Ritchie late tonight declared tomorrow legal holiday for banking and financial institutions Maryland and also made Monday and Tuesday legal holidays in an effort for banks here take measures against heavy withdrawals this week. Howard Bruce, chairman of the board of the Baltimore Trust pany, withdrawals the amount of made his today and the total withdrawals amounted to $13,000,000. Must Stop Withdrawals Governor Ritchie said in formal statement: attended the meeting of bankevening with the idea doing whatever best the depositors. The interest of those who placed their money the banks must preserved above else. believe there no justification for the withdrawals which have cently been taking place. But protect the property and saving the people the city and state, these large withdrawals should stop. the consensus that bank holiday should declared tomorMonday Tuesday during which times certain legislation for the protection of the depositors and security of the banks could be sented the legislature. The bank holiday cease as soon the legislation passed and expecting that this will done and that the banks will be able to reopen Wednesday, with ample facilities for the needs of the people." The general assembly adjourned today until Monday night
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BANKS IN MARYLAND CLOSED UNTIL MARCH BY RITCHIE'S ORDERS Annapolis, Md., Feb. 24.-Gov. Albert Ritchie late tonight issued proclamation closing all Maryland banks until Wednesday, March The action was to present legislation to the Legislature, Monday, which is aimed to aid the ailing banks. Many Baltimore banks aid from the Reconstruction Finance Corporation, including two banks in Annapolis. About months ago the Baltimore Trust Company was closed after run the bank reduced the deposits the danger point. This situation by Maryland men, who co-operated with Ritchie forming pool of to tied them in the emergency.
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GETS Governor Orders Cessation For Three Not Justifiable, He Says. BALTIMORE Feb. ernor late tonight legal holiday for banking and Maryland and Monday Tuesday legal an for banks take against withdrawals this week. Howard Bruce, chairman the board the Baltimore Trust comsaid withdrawals the amount were made at his institoday the week's Governor Ritchie formal attended the of bankers with the idea doing whatever best for the The interest of who have placed their money the banks must above else. believe there no justification withdrawals recently taking place. But protect the property and savings the the city state, should the that bank holiday be declared tomorrow, Monday and Tuesday during which certain legislation for the tection the depositors and security of the banks could be presented legislature bank holiday will cease legislation has and am that this will and that the banks able reopen on nesday, ample facilities available for needs the people. The Maryland general assembly journed today until Monday night o'clock.
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Maryland Emergency Bank Law Drafted Continued From Page 13 were hampered somewhat in transaction of business. Bank Statement Erroneous BALTIMORE, Feb. 25 (A P.).In the announcement of the Maryland bank holiday last night, statement was made that withdrawals from the Baltimore Trust Company yesterday were $6,000,000. incorrect, and was incorrectly attributed Howard Bruce, the board. Mr Bruce did not make statement. The was announced by the Bank who said it was from all Baltimore banks. The Associated Press is glad to this correction.
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152 BANKS BUSY MARYLAND Restricted Institutions in the State May Be Allowed Greater Discretion BALTIMORE, March 16. - -Three more banks were licensed to reopen today, bringing the total number of institutions now open in the State up to 152. Two of the banks opening today are State institutions, licensed by State Banking Commissioner Ghingher, and one is a Federal Reserve member. Curb May Be Eased Several other licenses may be issued today to other banks, it was indicated, while some banks which were permitted to reopen on a limited withdrawal basis will be allowed to increase this amount to depositors. Reorganization plans of the Baltimore Trust Company and the Union Trust have been practically completed, officials of the institutions said today, and they are now awaiting word from Washington that will permit them to reopen as national banks. May Join Reserve Another reorganization being worked out is that of the Hagerstown Banking and Trust Company which was not licensed to reopen. The Eastern Shore Trust, Company, largest banking institution in the State outside of Baltimore, is also working on plans to become a member of the Federal Reserve System. The company with its 21 branches is now operating on a limited withdrawal program.
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CONFIDENCE SHOWN IN NEARBY BANKS Virtually Every Institution in Metropolitan Area Gains in Deposits. Reassured by the display of confidence on the part of depositors yesterday. bank officials in nearby States eased the restrictions under which some of the institutions were operating and licensed several new ones to open today. Meanwhile the bankers themselves in institutions that have not been permitted to resume operations on an unrestricted schedule devoted their full time to plans that would permit them to get back on a 100 per cent basis. In many instances these included recrganization The Bank of Bowie was the only one in the vicinity of Washington which demonstrated its strength to such an extent in a single day that the 2 per cent withdrawal restriction on it was promptly lifted. Receiving Tellers Busy. Without exception the banks in the metropolitan area surrounding the Capital City reported business to be brisk at the receiving teller's window on the first day they have been permitted to open since the national banking holiday while the paying tellers found themselves for the most part with time hanging heavy on their hands. In addition to lifting the ban at Bowie, State Bank Commissioner John J Ghingher of Maryland permitted the Bank of Hampstead, Carroll County. to allow 10 per cent withdrawals today instead of 2 per cent He also licensed the Mercantile Savings Bank of Baltimore and the St Michaels Bank Talbot County, to reopen on a 2 per cent basis. These institutions were closed yesterday Another Maryland bank which will open for the first time today is the Forest Hill State Bank, Harford County. which will function on a 100 per cent basis. Reorganization plans of the Union Trust Co. of Baltimore and the Baltimore Trust Co were reported progressing satisfactorily These two large institutions. fami iar to most Maryland ers, are to be replaced by national banks. Record in Deposits. Officials of the 10 banks that have resumed operatic in Montgomery County reported today that deposits at the end of business yesterday aggregated nearly twice those of any previous day in their history The deposits made in one bank located in the metropolitan area totaled nearly $3,000,000, while those of another institution in the same district threatened the $2,000.000 mark R. Weir Waters, president of the Takoma Park Bank. said this morning that more than $2,700,000 was placed on deposit by patrons of that institution and that that figure far surpassed the total of withdrawals. The Silver Spring National Bank received $66,725.36 for deposit during the day, according to Ira C. Whitacre. cashier, who declared that the amount of deposits exceeded the total withdrawals by $45,725.36. Both Waters and Whitacre asserted that withdrawals were mainly on checks which were issued before or during the Maryland banking holiday and President Roosevelt's proclamation and had accumulated at the bank during the two periods. Some Gold Received. Regular depositors, they declared, showed no inclination to make withdrawals except for groceries. light, heat and other household necessities. Two other banks in the metropolitan district handled exceptionally large amounts of deposits. S. Walter Bogley, vice president of the Bank of Bethesda, and A. L. Votaw. cashier of the Citizen's Bank of Takoma Park, both said that deposits at their respective institutions were twice as much yesterday as they are normally. All four banks in the area immediately adjacent to the District of Columbia took in some gold in small amounts from their depositors. Bogley said that between $10,000 and $15,000 in gold was turned in at the Bank of Bethesda during the day. No heavy gold deposits were made by any one person, however. he declared. The Farmers Banking & Trust Co. of Rockville and the Bank of Damascus. the only members of the group of 10 county banks open for business that are operating on a restricted withdrawal basis, continued to grant its depositors 2 per cent withdrawals today. Awaits U. S. License. The Montgomery County National Bank at Rockville, the only bank in the county which is not open, was still awaiting today its license from the Federal Reserve Bank at Richmond to resume business. The bank had applied for a license to reopen on a 100 per cent withdrawal basis, according to the cashier. The banks of Prince Georges County were still taking deposits rapidly today, although business was much nearer normal than yesterday which witnessed a rush of depositors who threatened to swamp employes of several financial institutions in their eagerness to bank their money Another Prince Georges bank was opened to do business on a 100 per cent basis this morning- the Bank of Bowie was so to as it said brisk cashier, -and handle that according business it the office in arrived. to force deposits William was Luers unable Luers, he believed the restriction placed on
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Distribution Ordered thought the act was going to be merely restriction on withdrawals stop run," he said, "and scribbled down section which would have exempted only those receivers' deposits which distribution ready had been ordered by the court." Distribution of the $400,000 among Chesapeake Bank depositors was ordered the day Governor Ritchie "If and when the plan becomes efissued his first proclamation, fective, the sound book value of the gurating the following day the stock acquired will be about first Maryland's bank holidays. per share, without regard to its earnApproximately $85,000 out of the $400.- potentialities, which, in view 000 was in the Union Trust Company the proposed readjustments, should be and like amount in the Baltimore such as to justify valuation subTrust Company, Judge O'Dunne said. stantially in excess of its book value. Mr. Barroll, following Mr. Machen. questioned the constitutionality of the More Reserve Banks bill as whole. It was, he said, an exercise of the State's Authorized To Reopen police power. there not Richmond, Va., March 20 (P)-The state war, but just small panic Federal Reserve Bank of Richmond among few people.' Rawis Upholds Act Mr. Rawls, following Mr. Barroll, at length into legal precedents for the act and upheld its constitutionality. He dwelt especially on those sections pertaining to city, county and deposits, bank county reserve deposits and receivers' funds, sections being the ones on which the plaintiffs' attack has been focused date. Holding that if they be regarded preferential they unconstitutional, Mr. Rawls argued that they should be as priorities not in which event they would be He reasoned that the bank act emergency gives the city, counties and state and other parties the only right withdraw their deposits in advance of other depostors. does not give them the right withdraw their deposits full doing the chances other depositors getting out their posits in full would be lessened, he said. The priorities sections are inoperative. Mr. Rawls continued, with spect banks that have not been permitted to reopen. As the determination of which banks public moneys so forth can be drawn from without endangering payment of other depositors in full, Mr. Rawls said that involved risk but one that would have be taken. Judge Eli Frank. of the Superior Court. and Judge Charles F. Stein, of the City are sitting in the case with Judge O'Dunne the latter's invitation.
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DEPOSITS HEAVY IN REOPENED TRUST FIRMS 2 Big. Baltimore Institutions on Limited Basis Except For New Accounts BALTIMORE, March 22.Heavy deposits were made yesterday when the Union Trust Company and the Baltimore Trust Company reopened on a restricted withdrawal basis. Officials of the Union Trust Company said more than $1,000,000 in new accounts has been received, the money being placed in bailee accounts which are subject to 1.00 per cent withdrawal at any time. New For Old Old depositors of the institutions were informed that 5 per cent of their balances has been placed to their credit in a new account, pending reorganization. Both trust companies announced they will continue their efforts to gain permission to reorganize as national banks. The Eastern Shore Trust Company, largest institution in the Stat: .outside of Baltimore, sent its plan for reorganization into a member of the Federal Reserve System to State Banking Commissioner John J. Ghingher for approval. Test Suit on File A test suit on the validity of the State emergency banking bill, passed by the legislature shortly before the national bank holiday was ordered, continued in circuit court today. The suit was filed on behalf of certain depositors of the Baltimore Trust.
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OTHERS DENIED PRIORITY ON DEPOSITS Baltimore City Loses Out When Tribunal's Decision Fixes Closed Banks' Status ANNAPOLIS, July 8.-No funds in closed banks of Maryland, with the possible exception of State moneys, can be given preferred claim over other deposits, the Court of Appeals has decided in a series of opinions resulting from attacks on the emergency banking act. Restriction of all deposits is within the power of the State, the court decided. No Priority Granted In the opinions written by Chief Judge Carroll T. Bond, it was held that under the new banking act no priority for deposits could be granted Baltimore city, the bank commissioner as receiver for the defunct Chesapeake Bank of Baltimore, individuals having money held in trust, or taxpayers who paid their levy bills to one of the closed banks prior to February 28. The question of priority of State funds, raised in the appeal of the State Roads Commission that its funds in the Union Trust Company be given preference as they are State funds, was not decided. An order for reargument of that point was issued with no date set by the court. City Loses Out Granting of priority to the city over deposits in the Baltimore Trust Company would be "a partial, unequal appropriation of rights and interests of deferred depositors and cannot be supported under the police power of the State or any emergency power and must therefore be held invalid," the court ruled.
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BONDING FIRMS AGREE TO PAY ANNAPOLIS. July 18.-An agreement has been reached with 10 of the 12 surety companies bonding Maryland deposits in the Union Trust Company, Baltimore, under the terms of which a cash payment of $994,000 will be due on the $2,000,000 deposits as soon as the institution begins to operate on its reorganized basis. The bonding company will guarantee to the State another $594,000 on the $2,000,000 for a period of five years. The State also will hold claims of $412,000 against two surety companies in the hands of receivers. Governor Ritchie revealed that similar agreements have been made concerning $574,873 of State funds on deposit in the Baltimore Trust Company.
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PLEDGES GOOD APPOINTEES FOR OFFICES Expects To Choose Men Of Only Highest Qualifications OBJECTS TO GIVING JOBS FOR FAVORS Candidate Wants Practical Insurance Man As Commissioner (Continued from Page 24) failure upon the part of the Bank Commissioner's office to meet the situation which confronted the country immediately after the Presidential election. "However, an examination of the record discloses that over period of years prior to that time, case after case arose which should not only have put the Bank Commissioner upon otice, but should have been warning to the Chief Executive of Maryland, that steps should be taken 'then and at once to protect and safeguard the depositors in the banks. Not Matter Of Politics "It can make no difference whether these banks were officered by gentlemen who are affiliated as Republicans or Democrats. That should not enter into the question. Futhermore, am not, in any sense of the word, condemning the management of all banks. am directing my remarks against certain banks which have heretofore termed the 'political banks. If it had not been for the dismal failure of these banks, the situation in Maryland would not and could not have been so disastrous to the general public. "On December 13. 1930, the Chesapeake Bank of Baltimore was placed in the hands of the State Bank Commissioner as receiver. The record of that proceeding shows the grossest sort of negligence on the part of the Bank Commissioner and bank examiners, in permitting that institution to continue in the manner in which had been conducted. According to the official examination which was reported in those proceedings in the Circuit Court No. of Baltimore city, it appears that the reserves of this bank, required by law, were exhausted." Bank Runs Are Cited "At that time great fear was entertained and wide disseminated that the Park Bank was in bad condition. So acute was this situation, you will that there were great runs on the Park Bank and some other banks in the city of Baltimore, including the Union Trust Company. "This condition itself should have been notice to the Chief Executive of this State that the office of the Bank Commissioner of Maryland was not functioning as it should. In spite, however, of these warnings and the repeated instances of remissness in the discharge of his duties as the Bank Commissioner of Maryland, he was, nevertheless, continued in office. "It must be remembere that shortly after the failure of this bank the Legislature Legislature by the present State Democratic machine, but there was no voice raised in protest, nor single line of remedial legislation enacted. Then came more rumors which involved the Union Trust Company and the Baltimore Trust Company, so that great runs were made upon both of these institutions. Unremedied, He Says "Still, the face of this, with knowledge which the Chief Executive must be charged with, of the inefficiency of the Bank Commissioner's office, the office was permitted to be carried on under the administration of the same
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Politicana Annapolis, Nov. 1 (P)-Confidence for Governor Ritchie and the entire Democratic ticket. that Governor Ritchie would be re- elected by majority as great or larger than the 66,000 he received in 1930 was expressed tonight by Daniel S. Sullivan, who managed Dr. Charles Conley's primary campaign at an Anne Arundel county Democratic rally held at Crystal Beach. Approximately 3,000 persons, from every section of the county, gathered in and around the auditorium to hear local candidates speak. It was one of the largest rallies ever held in the county. Sullivan, who is chairman of the Democratic campaign speakers' committee, declared the attendance showed that Anne Arundel county was safe inefficient executive. Still nothing was done to remedy this situation or to take steps to protect the money of the many thousands of depositors. [Mr. Nice here read extracts from an address by Isaac Lobe Straus relating to the banking situation.] Questions Raised "I ask you, am right when I say there must be searching, thorough and impartial investigation? Am right when say that believe that if the true facts can disclosed, there may result some additional relief to the many thousands of unfortunate depositors, through salvaging and distribution of additional sums? "Are the people of Maryland to be forever kept in ignorance of the true facts, or are we, the people of Maryland, going to find out what became of our money? Are we not entitled to know, so that at least we may be able to profit by our sad experiences and provide against such condition in the future? Much has been said and written about this matter by worthy and respectable members of the Governor's own party. Criticism Is Cited "No denunciation I can make can be more severe than that of the Governor's opponent in the late primary and other prominent members of his own party. submit to you, the present Democratic dynasty to be continued in control, at sacrifice of the people's interest, and their right to know the conditions, so that, so far as it is humanly possible, these ditions may be rectified, or at least prevented in the future? "I propose searching, thorough and impartial investigation. propose that this shall be made by commission of three distinguished outstanding citizens to be appointed by me, regardless of their party affiliations, to whom shall delegate power equal to that of legislative inquisitorial investigators, and who shall report to me, so that may report to you. ask you, whose responsibility is it that at the close of business on April 29, 1933, there was total of State funds on deposit in various institutions to $7,112,759.42, of which more than two millions had been deposited by Mr Dennis, the State Treasurer, in the Union Trust Company, of which he was the president. Points To Deposits "Over one-half million was on deposit in the Baltimore Trust Company, and approximately $200,000.00 in the Title Guarantee and Trust Company, aggregating over $3,000,000 of the State's in these three banks, practically half of the total amount of the deposits of the State. "Upon the other hand, in the five national banks-the First National Bank, the Canton National Bank, the National Marine Bank, the National Central Bank and the Western National Bank-all of unquestionable solvency, there was less than $250,000 of the State's money on deposit. "I charge that the Governor of the State of Maryland knew the condition of these failing institutions. He could not have helped knowing it. His own appointee was Bank Commissioner of the State of Maryland. It was the latter's duty to keep the Chief Magistrate of this State advised. If he failed in this duty, then the Governor was Approximately For Nice thousand persons jammed into the Baltimore Talmud Torah Hall, 22 North Broadway last night to hear Harry W. Nice, Republican candidate for Governor and other members of the State-wide ticket. The rally was held under auspices of the East End Republican Club of which Samuel G. Lipman is president. Joseph Davis presided at the meeting. Harry F. Klinefelter, For Phelps vice-president of the Twenty-seventh Ward Republican Organization, went on record last night as indorsing John Phelps, independent candidate for judge of the Supreme Bench. derelict in his duty in not compelling him to keep him advised. "For months and months, however, running into years, it was common knowledge there was something wrong. Runs were being made upon these banks. Emergency meetings were being held, calls for aid were being sent to the Reconstruction Finance Corporation and large sums were secured from this source. "Why, under such circumstances. was this condition in the banking system of Maryland permitted to go on? There is only one answer. The political connections of the officers of these banks with the Democratic administration and the Chief Executive of the State were too close. The responsibility is on him and him alone. But this was not all. Long before the red flag of danger was waving over the Union Trust Company and the Baltimore Trust Company there had been two other failures in Baltimore city, to which have already referred. Way back in 1930 the Chesapeake Bank; then the Park Bank, with 80,000 or more depositors, working people, whose savings represented their all to them. "Nor were the depositors the only sufferers. Stockholders Hit, Claim "There were innocent, unsuspecting stockholders who had been led to believe that their investments in the stock of these institutions were safe. Stockholders who were induced to purchase stock of the Baltimore Trust Company within the last few weeks before its collapse, all of whose investments in this stock were wiped out completely. [At this point Mr. Nice referred at length to a description of the banking situation by Dr. Charles H. Conley an address at Hagerstown on June 19, 1934.] "Under the law of this State no stockholder be sued for double liability, save and except through receiver. It is pertinent, therefore, to inquire why the caused to be passed at the recent special session of the Legislature law preventing the appointment of receivers for these political banks, thus prohibiting the State Bank Examiner, under penalty of the law, from giving out information in connection with these political banks, safeguarding the large stockholders of such banks from being subject to double liability, and thus preventing the depositor from profiting from such action, while the stockholders of the smaller banks throughout the State were compelled to meet this obligation. This law has been extended for another year by executive proclamation. Calls Hold Too Strong "This political machine, however, built up with the people's money, was too powerful to overcome, and today the Democratic party, regard- shall not be selected for office merely less of the views of those thoughtful as reward for political favors. citizens who realized that the best "I have assured the people of this interests of their State and party State that the office of Insurance Comwould have been best served by missioner shall be filled by man of change of administration, finds itself in experience in insurance, competent and capable of fulfilling the duties the strangle hold of this Democratic which the office imposes upon him, machine. "Do those gentlemen who officered who will give his entire time to the discharge of his responsibilities. these banks and who are now straining every nerve and sinew to hold "I solemnly promise that when am elected Governor there shall be control of the State government. desire such an investigation? No. They no one appointed to fill public office have no love for the present Chief merely because of his political activiExecutive of this State, but to them ties. Appointees shall and must be he is safe. They are interested in men and women of high character and themselves, not in him. Their interest ability. is in maintaining the status quo, Refers To Auto Commissioner keeping the lid on, so that you and "What justification or excuse can the people of the State will never there be for the present automobile know the truth about these banks. who recently was ediWill Seek Advice torially called upon by The Evening "I have been questioned concerning appointments which I may make when am elected Governor. have stated, not once. but many times, that when am elected Governor, shall. in making my appointments, expect the assistance and advice of all associations which may be interested in the particular subject matter of the board or commission to be appointed. "I have laid down, as a primary principle, that there shall be minority representation on all boards and commissions. have criticized, and still criticize, the Public Service Commission as now composed. This Commission is of semi-judicial character. and, as such, its members should be and remain free from all political activities which might affect or tend to influence the exercise of their free will and judgement. "I am opposed to the practice of State Executive appointing. during the terms for which they are elected, members of the Legislature to public office or employment. Not Based On Favors "I have pledged myself that the police magistrates shall be men of high character and principle, and that they Sun to resign? For the present conservation commissioner, who has permitted an industry which, in 1919 was worth over $7,000,000 to the people of this State, to fall to such low level that today it is worth, according to the Governor's own statement, $2,000,000, and requires an expenditure of half million dollars to save it? "How can the Governor justify the appointment of an insurance sioner who lacked experience in insurance matters and who has failed to enforce the law providing for reserves to be put up by foreign insurance and casualty companies doing business in Maryland. which has caused great loss and suffering to those who have been so unfortunate as to have carried in such panies, relying upon the State insurance department to afford them
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By Rodney Crowther Financial Editor The Evening Sun Seven Baltimore which remain closed, six of them in receivership, and one shortly to placed in receivership, have far distributed depositors total 537,514, slightly more than cent. of the aggregate deposits of 273,161.87 which they had when their doors to figures compiled from records the State The six institutions in receivership the American Trust Company, the Chesapeake the Commercial Savings Bank, the Park Bank. the Title Guarantee Trust Company and the Savings Bank. The last named placed in ceivership last Friday. The Baltimore Trust after of to be placed in in the near future. Payments Made By Six Of the total distributions made the bulk has come from the Baltimore Trust Company. Including offsets and secured deposits, the positors out original deposits $37,389,567. Only the Title Guarantee has If plans of this are will be made. The status of the seven institutions present set forth in the following summary: THE AMERICAN TRUST COMPANY An original distribution of fifteen amour to $57,537, 18, 1933. Because of the difficulty in enforcing agreement orginally made with institution the Union Trust Company and the Baltimore Clearing House Association with the Union Trust Company with respect to its losses in the American Trust Company the institution was placed in ceivership. Early last November compromise reached under which the receiver obtained from the Clearing House banks sources of approximately $185,357 for distribution. receiver stated yesterday that he pects make payment from per cent. on this institution shortly. THE CHESAPEAKE reports that distributions, for per cent. on December 1931, and one for ten cent., per aggregating are the moneys which have Since the distribution he has collected has fair money on hand, but another distribution this THE COMMERCIAL first distribution of five mailed out positors last week. No further yet been collected for tribution. THE PARK distribufar made depositors of this aggregate one payment per having been made 1933, and another May 1934. The receiver states that he collected fair amount of cash since [Continued On Page
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URGES HEARING GORFINE PICKED COUNSEL SPEAKER RECEIVER ENNIS Depositor In Baltimore Trust Asks Voice In Appointment ASSAILS SELECTIONS MADE PREVIOUSLY Garage Company Appeals For Choice Of terested Lawyer" Anticipating receivership suit against the old Baltimore Trust Company, which the court informed would be filed on Wednesday, positor closed trust through attorneys, today filed petition the Circuit Court asking the be heard public before the names legal the prospective receiver for The petition declared that usually the Maryland, of the Govsuggests the particular attorney become receiver's counsel in such declared part: "That however excellent In other other may been the counsel of his Excellency, Albert Ritchie, there can be but that in the of the Baltimore Trust advice entirely of that emanating from this high source should guide the chancellor. Filed By Garage Company The petition with Judge Eugene O'Dunne, the Circuit Court, was placed by the judge among the public records the court. the name Harry Winder his wife, trading the Clover Garage, creditor the closed bank virtue of having depositor. The for the Winders Gustav Sanderson, Calvin Wethered Barroll and Hood Young. The petition stated that its object secure from the order pointing as the receiver the Trust an torney who entirely free of any alliances which may prevent him from fully discharging and greatest responsibility his duty the comPrevious alleged that the counsel appointments the past normally have been guided by the the without regard whether such from acting by reason of the that either the or his assoidentified interests the stockholders, directors, officers other debtors the vent bank, who might thereby incapable of properly discharging the owed to the creditors Asking exercise by the court "vigorous, independent and judicial the petition requested the right to produce proof at before counsel The petition also that by reason of experience State's Attorney for Baltimore City acquainted with the peculiar currents and streams interest influencing affecting the legal rights of deposithe trust company, and added: added: under the circumstances here the chancellor as well the such involving its does the complete jection the judicial function to the Executive, would be peculiarly shocksince here we have an insolvent which deposited public funds State of Maryland, which funds there deposited by the joint thority of the Treasurer of Maryland the Governor.' added that with the The petition the Treasurthe State the Banking attempted to give State deposits, but that had been held partly respect. Expected To Get Party Approval At Caucus At Annapolis THIRD DISTRICT STILL SUPPORTING MEADE Lewis And Whiteford Group Fighting Candidate From City Emanuel Gorfine, attorney the House of Delegates the Fourth Legislative district, today picked the choice of the for Speaker of the House, and his nomination the caucus of the Democratic majority in Annapolis tomornight indicated. Only legislative district mained be won over to the Gorfine candidacy make him the overwhelming choice of the city delegation. leaders of the Third Legislative District Lewis Charles Whitefordstill this afternoon Hugh Allen Meade, Delegate from their district, but the forces hopeful gaining their backing for Mr. Gor- Senate Job Going To County Under the accepted practice, candidate for Speaker put the city expected to upon by the county delegations, the of the Senate slated to county representathreat to the success of the Gorfine candidacy was by seen political leaders the event that the district delegation refuses to along with that Should that trict insist upon backing some candidate in the party caucus tomornight, strong likelihood exists that the will ject both city and put their The county votes the caucus will far ber the from the city. May Switch Curran Support opposition the Third district the choice of Mr Gorfine, was admitted, may bring about switch of the Curran support. In the event the CurranEnnis necessary to abandon the Gorfine candidacy, said their next choice would probably Delegate Joseph Griesacker, Kent Mullikin, veteran Prince George's upon by the city delegates today for majority leadJames Lindsay, Jr., Baltimore county, Democratic floor leader number sessions, was not candidate for reelection to the House the election. Tormollan Joins Effort In effort bring the LewisWhiteford line Gorfine Magistrate John Tormollan delegated this afterby Curran forces interview the Third district attitude organization the contest for the Presidency today. Senator Lansdale Sasscer, Prince George's county, was indicated likely to the backing of jority the city Senators, but at least two of the five Democratic Senators from the city expected vote for other candidates Senator-elect John Callan, of the Second legislative trict, reported as backing Senator Ridgely Melvin, Anne Arundel county, and Senator this with number ocratic leaders the Senator Thurman the Fifth district, not declared legislative his choice. Formal Meeting Waits A formal meeting city was while party streamed in and out the offices of Mr. Curran. Unanimously
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Ritchie Surprised At Appointment BALTIMORE, Jan. 9.-Gov. Albert Ritchie today announced that he was "completely surprised" by his appointment, along with J. Purdon Wright and Joseph C. France, as co-counsel to the receiver for the old Baltimore Trust Company, and that it would take him several days to make his decision in the matter. Mr. France also deferred his decision and only Mr. Wright was positive in his acceptance of the post.
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'Still in Politics,' Ritchie Declares BALTIMORE, Jan. 10.-Albert C. Ritchie was back in Baltimore today, learning how it feels to be an ex-governor after 15 years at Annapolis. He made one thing clear-his intention to remain in politics. The former governor reiterated that he had not made a decision concerning his appointment as co-counsel for the receiver of the old Baltimore Trust Company. He said: "No, I'm not retiring from politics. I like the game and I am interested in the welfare of the State. I expect to do anything I can to help those in office handle the problems confronting us, the question of relief, for example. Some of us who have worked and worried about it may be able to help."
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RITCHIE REFUSES POST. BALTIMORE, January 12 (P).Former Gov. Albert C. Ritchie said last night he had declined appointment as member of counsel to receivers of the Baltimore Trust Co. In the short statement announcing his decision he gave no reason for the action.