7332. Farmers Trust Banking & Deposit Company (Baltimore, MD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 26, 1910
Location
Baltimore, Maryland (39.290, -76.612)

Metadata

Model
gpt-5-mini
Short Digest
b2cd93e98de0a6a8

Response Measures

None

Description

Multiple newspaper notices from 1910 show the Farmers' Trust, Banking and Deposit Company was in the hands of court-appointed receivers and disposing of assets (receiver's sales in May and November/December 1910). Article texts and a 1912 notice describe the company as defunct with receivers named for its branches. There is no article text describing a depositor run; instead the bank was placed in receivership (government/court action) and appears to have closed. Dates derived from the publication dates and sale announcements. OCR errors (e.g., varying spellings of Kossack/Kessack, Anacostia/Anacostic) were corrected where obvious.

Events (3)
1. May 26, 1910 Suspension
Cause
Government Action
Cause Details
Court-appointed receivers were administering the company and selling assets under authority of the circuit court (company placed in receivership/closed).
Newspaper Excerpt
We, the receivers of the Farmers' Trust, Banking and Deposit Company of Baltimore Md., by authority vested in us by the circuit court ... will offer at public auction ... on the TWENTY-SIXTH DAY OF MAY, 1910.
Source
newspapers
2. November 28, 1910 Receivership
Newspaper Excerpt
R. HARRISON JOHNSON. Surviving Ancillary Receiver of the Farmers' Trust. Banking and Deposit Company of Baltimore, Md., 306 7th st. S.W. Washington, D. C., November 28, 1910.
Source
newspapers
3. January 12, 1912 Other
Newspaper Excerpt
The stockholders of the defunct Farmers' Trust Company ... the depositors in the banks that the Farmers' Trust, Banking and Deposit Company, owned and operated throughout the State, will receive in full their deposits in the banks at the time of the failure. ... When the banks operated by the company were closed, receivers were named ... the receivers ... laid an assessment of 25 per cent upon the stockholders ... stockholders are resisting ... on the grounds that the stock was nonassessible.
Source
newspapers

Newspaper Articles (10)
1. May 7, 1910 Evening Star Washington, DC
Article from Evening Star, May 7, 1910

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Article Text

ADAM A. WESCHLER, AUCTIONEER. RECEIVERS' SALE OF VALUABLE UNIMPROVED REAL ESTATE IN GIBBS' AND KOSSACK'S ADDITION TO AND B. F. GILBERTS SUBDIVISION OF TAKOMA PARK, PRINCE GEORGE COUNTY. MD. We, the receivers of the Farmers' Trust, Banking and Deposit Company of Baltimore Md., by authority vested in us by the circrit court. No. 2. of Baltimore city. will offer at public anetion. in front of the property. on the TWENTY-SIXTH DAY OF MAY. 1910. BEGENNING AT FIVE O'CLOCK P.M., the fallowing lots or parcels of ground situate in and adiacent to Takoma Park, in Prince George county. state of Maryland, being a short dia. tance from the District of Columbia line. marked on plat of "J. D. Gibbs' and F. W. Kessack's addition to Takoma Park." and recorded among the land records of said county (see deed from Guarantee Building and Loan Association to Farmers' Trust. Banking and Denoelt Company. recerded in Liber No. 13. follo 538. in said land records). as Lots 1. 2. 3. 4. 5 and 6. in block 10: lets 2 3. 6, 7. 8, 9 13. 14. 15. 16 and 17. in block 11: also in B. F. Gilbert's subdivision of Takoma Park. lots 34 and 35. in block 16. These several lots have a front on Elm Park and Cockrell avenues and Spring and Lake streets of fifty feet by one hundred and sixty feet deep. more or less. Terms of sale: One-half cash. balance in six months: deferred payments to be secured to the satisfaction of the receivers, or all cash. at the option of the purchaser. A deposit of $25.00 required at time of sale. BEVERLY W. MISTER, JOHN PHEI E. ALLAN SAUERWEIN, Jr., JOHN J. HURST, Receivers. no7,14,21,26

2. May 26, 1910 Evening Star Washington, DC
Article from Evening Star, May 26, 1910

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Article Text

ADAM A. WESCHLER. AUCTIONEER. RECEIVERS' SALE OF VALUABLE UNIMPROVED REAL ESTATE IN GIBBS' AND KOSSACK'S ADDITION TO AND B. F. GILBERT'S SUBDIVISION OF TAKOMA PARK. PRINCE GEORGE COUNTY. MD. We. the receivers of the Farmers' Trust. Banking and Deposit Company of Baltimore. Md., by authority vested in us by the circuit court. No. 2. of Baltimore city. will offer at public auction. in front of the property. on the TWENTY-SIXTH DAY OF MAY. 1910. REGINNING AT FIVE O'CLOCK P.M., the following lots or parcels of ground situate in and adjacent to Takoma Park. in Prince George county, state of Maryland, being a short distance from the District of Columbia line, marked on plat of "J. D. Gibbs' and F. W. Kossack's addition to Takoma Park." and recorded among the land records of said county (see deed from Guarantee Building and Loan Association to Farmers' Trust, Banking and Deposit Company, recorded in Liber No. 13, folio 538, in said land records). as Lots 1. 2. 3. 4, 5 and 6. in block 10: lots 2. 8. 6. i. 8. 9. 13. 14. 15. 16 and 17. in block 11: lso in B. F. Gilbert's subdivision of Takoma Park. lots 34 and 35. in block 16. These several lots have a front on Elm Park and Cockrell avenues and Spring and Lake streets of fifty feet by one hundred and sixty feet deep. more or less. Terms of sale: One-half cash, balance in six months: deferred payments to be secured to the satisfaction of the receivers. or all cash. at the option of the purchaser. A deposit of $25.00 required at time of sale. BEVERLY W. MISTER, JOHN PHELPS. E. ALLAN SAUERWEIN, Jr., JOHN J. HURST, Receivers. my7.14.21.26

3. November 28, 1910 Evening Star Washington, DC
Article from Evening Star, November 28, 1910

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Article Text

RECEIVER'S SALE OF VALUABLE REALTY. BEING HOUSE NUMBERED 404 V STREET SOUTHEAST. FORMERLY KNOWN AS 404 WASHINGTON STREET, ANACOSTIA, D.C. By virtue of a decree of the Supreme Court of the District of Columbia in Equity No. 27402 I will sell at public auction in front of the premises on FRIDAY. DECEMBER THE NINTH, 1910, AT HALF-PAST FOUR P.M., lots Nos. 693, 694 and 695, square numbered 5777. of the land records of the District of Columbia, improved by a two-story six-room frame dwelling house. all known as premises 404 V street southeast, formerly 404 Washington street, Anacostic, D. C. Terms of sale: One-third cash and balance in one and two years at six per cent. payable semi-annually, secured by tirst trust upon sa d property. A deposit of two hundred (200) dollars will be required at time of sale. and terms to be complied with in fifteen days after ratification thereof: otherwise the receiver to have the right to resell after five days' advertisement at cost and risk of defaulting purchaser. Conveyancing. recording and notary charges at cost of purchaser R. HARRISON JOHNSON. Surviving Ancillary Receiver of the Farmers' Trust. Banking and Deposit Company of Baltimore, Md., 306 7th st. S.W. Washington, D. C., November 28, 1910. no28-d&ds,eSu

4. November 30, 1910 Evening Star Washington, DC
Article from Evening Star, November 30, 1910

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Article Text

ADAM A. WESCHLER, AUCTIONEER. RECEIVER'S SALE OF VALUABLE REALTY. BEING HOUSE NUMBERED 404 V STREET SOUTHEAST, FORMERLY KNOWN AS 404 WASHINGTON STREET, ANACOSTIA, D.C. By virtue of a decree of the Supreme Court of the District of Columbia in Equity No. 27402 I will sell at public auction in front of the premises on FRIDAY. DECEMBER THE NINTH. 1910, AT HALF-PAST FOUR P.M., lots Nos. 693. 604 and 695, square numbered 5777. of the land records of the District of Columbia, improved by a two-story six-room frame dwelling house. all known as premises 404 V street southeast, formerly 404 Washington street, Anacóstic, D. C. Terms of sale: One-third cash and balance in one and two years at six per cent, payable semi-annually, secured by first trust upon sa d property. A deposit of two hundred (200) dollars will be required at time of sale, and terms to be complied with in fifteen days after ratification thereof; otherwise the receiver to have the right to resell after five days' advertisement at cost and risk of defaulting purchaser. Conveyancing, recording and notary charges at cost of purchaser R. HARRISON JOHNSON, Surviving Ancillary Receiver of the Farmers' Trust, Banking and Deposit Company of Baltimore, Md., 306 7th st. S.W. Washington. D. C., November 28, 1910. no28-d&ds,eSu

5. December 1, 1910 Evening Star Washington, DC
Article from Evening Star, December 1, 1910

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Article Text

ADAM A. WESCHLER, AUCTIONEER. RECEIVER'S SALE OF VALUABLE REALTY. BEING HOUSE NUMBERED 404 V STREET SOUTHEAST, FORMERLY KNOWN AS 404 WASHINGTON STREET, ANACOSTIA, D.C. By virtue of a decree of the Supreme Court of the District of Columbia in Equity No. 27402 I will sell at public auction in front of the premises on FRIDAY, DECEMBER THE NINTH, 1910, AT HALF-PAST FOUR P.M., lots Nos. 693, 694 and 695, square numbered 5777, of the land records of the District of Co. lumbia, improved by a two-story six-room frame dwelling house, all known as premises 404 V street southeast, formerly 404 Washington street, Anscostia, D. C. Terms of sale: One-third cash and balance in one and two years at six per cent, payable semi-annually, secured by first trust upon sa d property. A deposit of two hundred (200) dollars will be required 'at time of sale, and terms to be complied with in fifteen days after ratification thereof; otherwise the receiver to have the right to resell after five days' advertisement at cost and risk of defaulting purchaser. Conveyancing, recording and notary charges at cost of purchaser R. HARRISON JOHNSON, Surviving Ancillary Receiver of the Farmers' Trust, Banking and Deposit Company of Baltimore, Md., 306 7th st. s.w. Washington, D. C., November 23, 1910. no28-dåds,eSu

6. December 2, 1910 Evening Star Washington, DC
Article from Evening Star, December 2, 1910

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Article Text

ADAM A. WESCHLER, AUCTIONEER. RECEIVER'S SALE OF VALUABLE REALTY. BEING HOUSE NUMBERED 404 V STREET SOUTHEAST. FORMERLY KNOWN AS 404 WASHINGTON STREET. ANACOSTIA, D. C. By virtue of a decree of the Supreme Court of the District of Columbia in Equity No. 27402 I will sell at public auction in front of the premises on FRIDAY. DECEMBER THE NINTH. 1910. AT HALF-PAST FOUR P.M., lots Nos. 693. 604 and 695, square numbered 5777. of the land records of the District of Co. lumbia, improved by a two-story six-room frame dwelling house, all known as premises 404 V street southeast, formerly 404 Washington street. Anacostic. D. C. Terms of sale: One-third cash and balance in one and two years at six per cent. payable semi-annually, secured by first trust upon sa'd property. A deposit of two hundred (200) dollars will be required at time of sale, and terms to be complied with in fifteen days after ratification thereof; otherwise the receiver to have the right to resell 'nfter five days' advertisement at cost and risk of defaulting purchaser. Conveyancing. recording and notary charges at cost of purchaser. R. HARRISON JOHNSON, Surviving Aneillary Receiver of the Farmers' Trust. Banking and Deposit Company of Baltimore, Md., 306 7th st. S.W. Washington. D. C., November 28. 1910. no28-d&ds,eSu

7. December 5, 1910 Evening Star Washington, DC
Article from Evening Star, December 5, 1910

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Article Text

AUCTION SALES. FUTURE days. ADAM A. WESCHLER, AUCTIONEER. RECEIVER'S SALE OF VALUABLE REALTY. BEING HOUSE NUMBERED 404 y STREET SOUTHEAST. FORMERLY KNOWN AS 404 WASHINGTON STREET, ANACOSTIA, D. C. By virtue of a decree of the Supreme Court of the District of Columbia in Equity No. 27402 I will sell at public auction in front of the premises on FRIDAY, DECEMBER THE NINTH, 1910, AT HALF-PAST FOUR P.M., lots Nos. 693. 694 and 695, square numbered 5777. of the land records of the District of Columbia, improved by a two-story six-room frame dwelling house, all known as premises 404 v street southeast, formerly 404 Washington street, Anacostia, D. C. Terms of sale: One-third cash and balance in one and two years at six per cent. payable semi-annually, secured by first trust upon SR d property. A deposit of two hundred (200) dollars will be required at time of sale, and terms to be complied with in fifteen days after ratification thereof; otherwise the receiver to have the right to resell after five days' advertisement at cost and risk of defaulting purchaser. Conveyancing, recording and notary charges at cost of purchaser R. HARRISON JOHNSON, Surviving Ancillary Receiver of the Farmers' Trust, Banking and Deposit Company of Baltimore, Md., 306 7th st. s.w. Washington, D. C., November 28, 1910. no28-d&ds,eSu

8. December 6, 1910 Evening Star Washington, DC
Article from Evening Star, December 6, 1910

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Article Text

ADAM A. WESCHLER, AUCTIONEER. # RECEIVER'S SALE OF VALUABLE REALTY. BEING HOUSE NUMBERED 404 V STREET SOUTHEAST, FORMERLY KNOWN AS 404 WASHINGTON STREET, ANACOSTIA, D. C. By virtue of a decree of the Supreme Court of the District of Columbia in Equity No. 27402 I will sell at public auction in front of the premises on FRIDAY, DECEMBER THE NINTH, 1910, AT HALF-PAST FOUR P.M., lots Nos. 693, 694 and 695, square numbered 5777, of the land records of the District of Columbia, improved by a two-story six-room frame dwelling house, all known as premises 404 V street southeast, formerly 404 Washington street, Anacostia, D., C. Terms of sale: One-third cash and balance in one and two years at six per cent, payable semi-annually, secured by first trust upon said property. A deposit of two hundred (200) dollars will be required at time of sale, and terms to be complied with in fifteen days after ratification thereof; otherwise the receiver to have the right to resell after five days' advertisement at cost and risk of defaulting purchaser. Conveyancing, recording and notary charges at cost of purchaser R. HARRISON JOHNSON, Surviving Ancillary Receiver of the Farmers' Trust, Banking and Deposit Company of Baltimore, Md., 306 7th st. s.w. Washington, D. C., November 28, 1910. no28-d&ds,eSu

9. December 7, 1910 Evening Star Washington, DC
Article from Evening Star, December 7, 1910

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Article Text

ADAM A. WESCHLER, AUCTIONEER. RECEIVER'S SALE OF VALUABLE REALTY. BEING HOUSE NUMBERED 404 V STREET SOUTHEAST. FORMERLY KNOWN AS 404 WASHINGTON STREET. ANACOSTIA, D. C. By virtue of a decree of the Supreme Court of the District of Columbia in Equity No. 27402 I will sell at public auction in front of the premises on FRIDAY. DECEMBER THE NINTH, 1910, AT HALF-PAST FOUR P.M., lets Nos. 693. 694 and 695, square numbered 5777, of the land records of the District of Co. lumbia. improved by a two-story six-room frame dwelling house, all known as premises 404 V street southeast, formerly 404 Washington street, Anacostia, D. C. Terms of sale: One-third cash and balance in one and two years at six per cent, payable semi-annually, secured by first trust upon said property. A deposit of two hundred (200) dol. lars will be required at time of sale, and terms to be complied with in fifteen days after ratification thereof: otherwise the receiver to have the right to resell after five days' advertisement at cost and risk of defaulting purchaser. Conveyancing, recording and notary charges at cost of purchaser. R. HARRISON JOHNSON. Surviving Ancillary Receiver of the Farmers' Trust, Banking and Deposit Company of Baltimore, Md., 306 7th st. S.W. Washington. D. C., November 28, 1910. no28-d&ds,eSu

10. January 12, 1912 The Citizen Frederick, MD
Article from The Citizen, January 12, 1912

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Article Text

Important Decission by Chief Judge Boyd. The stockholders of the defunct Farmers' Trust Company located at Mt. Airy, and other like institutions of the State, under the decision just received in dispatches from Cumberland, Md., are compelled to pay 25 per cent assessment levies against them. While the cases in Allegany county, pertain only to suits for that county, yet the decision was by Chief Judge A. Hunter Boyd, of the Court of Appeals, and the decision is taken as about what would be found, if the cases are carried to the Court of Appeals. If this decision holds good in the Court of Appeals, if carried there, it means that the depositors in the banks that the Farmers' Trust, Banking and Deposit Company, owned and operated throughout the State, will receive in full their deposits in the banks at the time of the failure. The Farmers' Trust, Banking and Deposit Co., operated a bank at Mt. Airy, at Keedysville and Hancock. in Washington county. and at Galena, on the Eastern Shore, in addition to a bank in Baltimore. When the banks operated by the company were closed, receivers were named, and the receivers acting under the authority of the United States Court laid an assessment of 25 per cent. upon the stockholders, considering this sum sufficient to pay the costs of the receivership and the debts of the bank. This will lose to the stockholders of the bank, if carried through $125 for every $100 originally invested. It is the payment of this assessment that the stockholders are resisting, on the grounds that the stock was nonassessible. The receivers claim that the bank in its charter was placed under the provision of the code that a stockholder of the bank IS liable to twice the amount of his hol ing of stock, and in fact that this provision was incorporated in the character.