7331. Farmers Trust Banking & Deposit Company (Baltimore, MD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 9, 1907
Location
Baltimore, Maryland (39.290, -76.612)

Metadata

Model
gpt-5-mini
Short Digest
ef3f34f498d196f6

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (Oct 9–10, 1907) report receivers were appointed for the Farmers' Trust, Banking and Deposit Company of Baltimore owing to tightness of the money market and inability to realize on securities. No article describes a depositor run prior to suspension; the company admitted insolvency and receivers were appointed, indicating closure with receivers rather than a mere temporary pause. Dates corrected/standardized from dispatch datelines.

Events (1)
1. October 9, 1907 Receivership
Newspaper Excerpt
Receivers were today appointed ... for the Farmers' Trust, Banking and Deposit Company of this city. Tightness of the money market is given as the cause of the embarrassment of the company.
Source
newspapers

Newspaper Articles (10)
1. October 10, 1907 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, October 10, 1907

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Article Text

NAMED RECEIVERS FOR FARMERS' TRUST, BANKING AND DEPOSIT COMPANY. Tightness of Money Market Said to Be Cause of Embarrassment-Firm Conducted Five Maryland Banks. Baltimore, Oct. 9.-Receivers were today appointed on the application of Alexander H. Robertson, with the assent of the company for the Farmers' Trust, Banking and Deposit Company of this city. The receivers are Messrs. Beverly W. Mister and Eldridge S. Johnson, both of whom qualified by filing a bond for $10,000 Tightness of the money market is given as the cause of the embarrassment of the company, which conducted banking institutions at Galena, Md., under the name of the Galena Bank; Darlington, Md., under the name of the Darlington Bank: Keedysville, Mr., under the name of the Keedysville Bank; Mount Airy, Md., under the name of the Mount Airy Bank, and at Hancock, Md., under the name of the Washington County Bank. Officials declined to make any statement of the financial condition of the company.

2. October 10, 1907 The Evening Star and Newark Advertiser Newark, NJ
Article from The Evening Star and Newark Advertiser, October 10, 1907

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Article Text

MONEY TIGHT, TRUST CO. GIVES UP. BALTIMORE, Md., Oct. 10.-Receivers have been appointed on the application of Alexander H. Robertson, with the assent of the company for the Farmers' Trust. Banking and Deposit Company, of this city. Tightness of, the money market is given as the cause of the embarrassment of "the company, which conducted banking institutions at Galena, Md., under the name of Galena Bank; Darlington, Md., under the name of the Darlington Bank; Keedysville, Md., under the name of the Keedysville Bank; Mount Airy, Md., under the name of the Mount Airy Bank and at Hancock, Md., under the name of the Washington County Bank.

3. October 10, 1907 Albuquerque Morning Journal Albuquerque, NM
Article from Albuquerque Morning Journal, October 10, 1907

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RECEIVERS APPOINTED FOR MARYLAND BANK Baltimore, Oct. 9.-Receivers were today appointed on the application of Alexander H. Robertson, with the assent of the company, for the Farmers' Trust, Banking and Deposit company, f this city. The receivers are Beverly W. Mister and E. S. Johnson, both of whom qualified by filing a bond for $100,000. Tightness of money is given as the cause of the embarrassment of the company, which conducted a banking institution at Galena, Md., under the name of the Galena bank: at Garlington. Md., under the name of the Garlington bank: at Keedysville, Md., under the name of the Keedysville bank: at Mount Airy, Md., under the name of the Mount Airy bank. and at Hancock, Md., under the name of the Washington County bank. The officers decline to make any statement of the financial condition of the company.

4. October 10, 1907 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, October 10, 1907

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News of the Day. Chicago scored the first victory over Detroit in the series for the world's baseball championship at Chicago yesterday, 3 to 1. That the liquidation of the Standard Oil Trust was not genuine is declared to have been proven in the federal suit against that corporation. Heinrich Conreid, director of the New York Metropolitan Opera House, declares his health was wrecked by the Caruso monkey-house incident. A great run on stocks started in Vienna today on rumors that Emperor Francis Joseph is in a serious condition. The panic continued until it was authoritatively announced that the emperor is only slightly indisposed. Tightness of the money market and inability to realize on its securities is the reason assigned for the failure of the Farmers' Trust, Banking and Deposit Company, of Baltimore, for which receivers were appointed yesterday by Judge Gorter, in Circuit Court No. 2. Attacked by a game rooster while feeding her chickens Mrs. Edward Johnson, an elderly woman, of Clarksburg, W. Va., was jabbed in the neck by the bird's spurs, a large vein being severed. She nearly bled to death before assistance arrived and it is feared she can not recover. In a surgical operation for cancer in a New York hospital a few days ago six of a womars organs were removed. The operation lasted nearly three hours. In that time the six organs removed included the upper portion of the bladder, the vermiform appendix, 10 inches of the ilium and the ascending colon. Emperor Francis Joseph, who has been ill of bronchial catarrh since the beginning of this month, is still confined to his spartments at Schoenbrunn Castle, on the outskirts of Vienna, and bis condition was pronounced yesterday by the attending physicians to be unsatisfactory. In view of the advanced age of the Emperor-King-he was born in 1830 and has been on the throne for 59 years-there is considerable uneasiness regarding his health. Mrs. Charles J. Romadke, wife of a Milwaukee millionaire, was arrested in Chicago yesterday in connection with the theft of diamonds, and, according to the police, confessed that she had robbed several homes in Chicago, stealing diamonds valued at thousands of dollars. One robbery in Milwankee she acknowledged as her work. Following robberies of the homes of the wealthy, Mrs. Romadke said she turned the property over to a negro named Jones, now a prisoner. A dispatch from Oran, Algeria, says a French reconnoitering column, consisting of two companies of sharpshooters and a squadron of Spahis and Algerian cavalry combined, was ambushed Tuesday at Guerbol Hill, about nine miles from Oudja, Morocco, by warriors of the Beni Snassen tribe, under the command of Mchammed Sazah. The attack of the Moors was repulsed, but the French troops lost two Spahis killed and two sharpshooters wounded. In sd dition, a score of horses belonging to the French cavalrymen were killed.

5. October 10, 1907 The Washington Herald Washington, DC
Article from The Washington Herald, October 10, 1907

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CAUSED BY TIGHT MONEY Failure of Baltimore Bank Affects Many Branches in State. Two Institutions in Hagerstown in Which Children Were Depositors Close Their Doors. Baltimore, Oct. 9.-Tightness of the money, market and inability to realize on its securities is the reason assigned for the failure of the Farmers' Trust, Banking and Deposit Company, of this city, for which receivers were appointed today by Judge Gorter, in Circuit Court No. 2. The receivers are Messrs. Beverly W. Mister and Eldridge S. Johnson, both of whom qualified by filing a bond for $100,000, furnished by the United States Fidelity and Guaranty Company, through its court representative, F. Le Grand Carlin. The receivers were appointed at the instance of Mr. Alexander H. Robertson, attorney at law, and were concurred in by the defendant company, which admitted the charges of insolvency in Mr. Robertson's petition. The Farmers' Trust, Banking and Deposit Company was organized several years ago under a charter granted by the legislature of 1902, when John Walter Smith was governor of Maryland. The capital stock of the concern was $50,000, and under its charter it was permitted to do a general banking business throughout the State. In addition to its offices in Baltimore, the company conducted banking institutions at the following places: Galena, Md., under the name of the Galena Bank; Darlington, Md., under the name of the Darlington Bank: Keedysville, Md., under the name of the Keedysville Bank; Mount Airy, Md., under the name of the Mount Airy Bank, and at Hancock, Md., under the name of the Washington County Bank.

6. October 10, 1907 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, October 10, 1907

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Article Text

BALTIMORE BANK FAILURE Receivers Appointed for the Farmers' Trust, Banking & Deposit Company. Baltimore, Oct. 9.-Receivers today were appointed. on the application of Alexander H. Robinson, with the assent of the company, for the Farmers' Trust, Banking & Deposit company of this city. The receivers are Messrs. Beverly W. Mister and E. S. Johnson, both of whom qualified by filing a bond for $100,000. Tightness of money is given as the cause of the embarrassment of the company, which conducted banking institutions at Galena, Md., under the name of the Galena bank; at Darlington, Md., under the name of the Darlington bank; at Keedysville, Md., under the name of the Keedysville bank; at Mount Airy, Md., under the name of the Mount Airy bank, and at Hancock, Md., under the name of the Washington County bank. Officials decline to make any statement of the financial condition of the company.

7. October 12, 1907 The Washington Herald Washington, DC
Article from The Washington Herald, October 12, 1907

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MARYLAND NEWS IN BRIEF. Cumberland, Oct. 11.-Fire badly damaged the dyeing and cleaning plant of Footer & Son this morning. The firm has branches in Baltimore and Washington. Annapolis, Oct. 11.-Gov. Warfield today issued a commission to Dr. Marshall Price, of Baltimore. as secretary of the State board of health. Commissions were also given Murray Vandiver and Gordon T. Atkinson as honorary members of the Jamestown commission of Maryland Frederick, Oct. 1.-Miss Mollie Fox, sixty years old, died this morning from injuries received while attempting to alight from a moving train on the Nerthern Central Railroad, at Woods boro. Oakland, Oct. 11.-The corner-stone for the new $75,000 courthouse at OaRland will be laid Wednesday, October 16, by the Masonic lodge. Former Senator George L. Wellington, of Cumberland, will be the chief speaker. Baltimore, Oct. 11.-Charles L. Skinner, a pension attorney, was to-day indicted by the Federal grand jury on the charge of violating a Federal statute by receiving a fee of more than $10 for preparing a pension claim. Hyattsville, Oct. 11. -The first Crothers Democratic Club to be organized in Prince George County was formed last night at Berwyn. A publie meeting will be held Saturday night, October 19. when it is probable State Senator Gorman, of Howard County, will speak. Baltimore, Oct. 11.-Elbridge S. Johnson, a receiver of the Farmers' Trust, Banking and Deposit Company, said to-day that he believes depositors will be paid in full. Boyds, Oct. 11. -Thomas Pyles, seventy years old. an ex-Confederate veteran and prominent farmer of Montgomery County, died last night at his home, as the result of paralysis. Baltimore, Oct. 11.-Samuel Griffith was to-day indicted by the Federal grand jury on the charge of having stolen from the post-office at Kingston, on July 7. 1906. a letter addressed to the Bank of Crisfield containing a check for $142.

8. October 17, 1907 Cameron County Press Emporium, PA
Article from Cameron County Press, October 17, 1907

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Receivers for a Bank are Named. Baltimore, Md. -------- Receivers were appointed Wednesday for the Farmers' Trust, Banking and Deposit Co. of this city. Tightness of the money market is given as the cause of the embarrassnient of the company, which conducted banking institutions in five towns in Maryland.

9. December 7, 1907 Evening Star Washington, DC
Article from Evening Star, December 7, 1907

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ELBRIDGE S. JOHNSON DEAD. Formerly President of Citizens' National Bank in This City. Elbridge Smith Johnson. formerly president of the Citizens' National Bank of this city, died suddenly at the family residence. 2726 St. Paul street, Baltimore, yesterday afternoon. At the time of his death Mr. Johnson was a co-receiver of the Farmers' Trust, Banking and Deposit Company. The funeral will take place this afternoon at 4 o'clock, from the family residence. Rev. Dr. J. G. Murray, rector of St. Michael and All Angels' Church. will conduct the services. The pallbearers will be Capt. William C. Eliason, president of the Tolchester Steamboat Company: Messrs. Charles W. Hurst and Beverly W. Smith of Baltimore, and three brothers of the deceased. Messrs. A. Geary. Milton W. and Cornelius W. Johnson, all of this city. Elbridge S. Johnson was born at Lakeville, Dorchester county, Md., February 23, 1848, and was nearly sixty years of age. Later. after receiving an education in the county schools, he became engaged in mercantile pursuits. and when about thirty years of age was appointed secretary and treasurer of the Dorchester and Delaware Railroad Company, of which his father-in-law. the late John Webster, was president. He continued in this position until the road was absorbed by the Pennsylvania railroad in 1886. In that year he began the organization of the Choptank Steamboat Company which was concluded in less than a twelve-month. Upon the death of his brother, Mr. E. Kurtz Johnson, then president of the Citizens' National Bank in this city, Mr. Johnson was elected a director of that organization. A short time thereafter he was made president of the institution. Later he was made a director of the National Safe Deposit and Trust Company and other banking institutions of this city. When the Citizens' National Bank was merged with the Metropolitan Bank several years ago, Mr. Johnson determined to go to Baltimore. He then became vice president of the Farmers' Trust, Banking and Deposit Company. Following the services this afternoon the remains will be placed aboard a steamer. of the Choptank river line to be taken to East New Market. Dorchester county. Md., where the interment will take place tomorrow morning at 10 o'clock. Four brothers. Messrs. Oliver P., A. Geary. Milton W. and Cornelius W., and two sisters. Mrs. Henry B. Simpson and Mrs. Amos B. Casselman. both of this city, survive him.

10. May 13, 1908 The Washington Times Washington, DC
Article from The Washington Times, May 13, 1908

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COURT RECORD OF THE DISTRICT DISTRICT SUPREME COURT. Equity Court, No. I. CHIEF JUSTICE CLABAUGH. (Called yesterday.) No. 27630. Quinter vs. Swan et al.; final decree vesting record title to real estate. Complainant's solicitor, W. K. Quinter. No. 27579. Lewis VS. Lewis et al.; order reducing alimony. Complainant's solicitor, H. H. Hollander; defendant's solicitor, J. E. Laskey. (Called today.) No. 25340. Davis vs. Davis; complainants ordered to pay costs for taking testimony; solicitor, Chauncey Hackett. No. 27546. American Security and Trust Company VS. Townsend et al.; referred to auditor. Complainant's solicitors, Ralston & Siddons; defendant's solicitor, H.W. Wheatley. No. 27740. Wylle vs. Wylie et al.; reforred to N. Carroll Downs, examiner; Cemplainant's solicitor, D. Rothschild; defendant's solicitor, W. E. Ambrose. No. 23273, Boyd VS. Ellis et al.; receivers authorized to accept bid. Solicitor, E. H. Thomas. No. 23948. Owen et al. vs. Cruit et al.; referred to auditor. Complainants' solicitor, Chapin Brown: defendants' solicitors, Gordon & Gordon and Berry & Minor. No. 27402. In re The Farmers' Trust Banking and Deposit Company, Baltimore, Md.; receivers authorized to make payment. Complainant's solicitors, Maddox and Gatley. No. 27638. Connor vs. Smith et al.: decree for sale; F. Walter Brandenburg and John Lewis Smith appointed trustees: bond, $5,000. Complainant's solicitors, J.B. Areher and John Lewis Smith: defendant's solicitors, Brandenburg & Brandenburg. No. 25459. Ecton vs. Ecton: order allowing amendment to cross bill and rereferred to N. Carroll, Downs, examiner. Complainant's solicitor, J. McD. Carrington; defendant's solicitor, Leo P. Harlow and F. R. Keys. No. 27026. Burley vs. Burley et al.; divorce a vin mat decreed. Complainant's solicitor. James A. Toomey; defendant's solicitor, H. I. Quinn. Equity Court, No. 2. JUSTICE GOULD. (Called today.) No. 27329. United Press Association vs. United Press Association: on hearing. Complainant's solicitor, L. A. Bailey defendant's solicitors, J. C. Harper and Douglas & Douglas. Circuit Court, No. I. JUSTICE WRIGHT. (Called yesterday.) No. 45607. Williams vs. Washington and Southern Railway Company et al.; verdict for defendant. Plaintiff's attorney, A. S. Worthington: defendants attorneys, Herbert O. Micou and McKenney & Flannery. No. 47106. National Safe Deposit, Savings and Trust Company vs. Hibbs stipulation filed waiving trial by jury verdict for defendant and judgment forthwith; appeal noted; bond for costs, $100. Plaintiffs' attorney, A. S. Worthington; defendant's attorney, J. J. Dar lington. No. 50554. United States ex rel Patton vs. Secretary of the Interior; rule to show cause. Plaintiff's attorney, Samuel Herrick. No. 50555. United States ex rel Jones VS. Secretary of the Interior; rule to show cause, Plaintiff's attorney, Sam uel Herrick. (Called today.) No. 50521. United States ex rel. Wells ville Oil Company vs. Secretary of the Interior: order granting permission to file an amended petition. Plaintiff's at torneys, Kappler & Merillat, and Ral ston & Siddons.