7414. Savings Bank (Brunswick, MD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
November 14, 1910
Location
Brunswick, Maryland (39.314, -77.628)

Metadata

Model
gpt-5-mini
Short Digest
0cdce170ab0aba7b

Response Measures

None

Description

Articles describe an official closing by the Maryland State Bank Commissioner after a discovered shortage in mid-November 1910, followed by appointment of receivers and permanent dissolution/liquidation actions in 1910–1911. No bank run is described. Early reports cite a $10,000 shortage; later accounting and receivership work revealed much larger deficits (reports up to ~$50,000–70,000).

Events (4)
1. November 14, 1910 Suspension
Cause
Government Action
Cause Details
Closed by order of the state bank commissioner after an examination revealed a shortage in the cashier's accounts (initially reported as about $10,000).
Newspaper Excerpt
The Savings Bank at Brunswick, Frederick County, Md., was to-day closed by order of State Commissioner J. Dukes Downes.
Source
newspapers
2. November 18, 1910 Receivership
Newspaper Excerpt
Messrs. John C. Motter ... made application to Judge John C. Motter for the appointment of receivers pending an investigation ... John S. Newman and John S. Newman and Millard F. Shafer have been appointed receivers by the Court under bond of $50,000. (Nov. 18 account).
Source
newspapers
3. January 7, 1911 Receivership
Newspaper Excerpt
A new turn among creditors ... filed a bill in court asking that the bank be dissolved as a corporation and that permanent receivers be appointed ... the Court appointed Mr. John S. Newman and Millard F. Shafer temporary receivers. ... the affairs of the bank were gone over by an expert accountant and found to be involved to the amount of about $70,000. (Jan. 7, 1911).
Source
newspapers
4. April 8, 1911 Other
Newspaper Excerpt
Receivers ... 319 persons have filed their claims against the bank ... first distribution will be made. It is planned to make a first payment of 25 cents on the dollar. (Apr. 8, 1911).
Source
newspapers

Newspaper Articles (18)
1. November 15, 1910 Norwich Bulletin Norwich, CT
Article from Norwich Bulletin, November 15, 1910

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SHORTAGE OF OVER $10,000. Books of the Savings Bank of Brunswick, Md., Examined. Brunswiek, Md., Nov. 14.-A shortage of over $10,000 was revealed today by an examination of the books of the Savings Bank of Brunswick and the bank was ordered closed by the state bank commissioner. The bank was organized in 1892 and has no capital stock. The deposits amount to $200.000. made up mostly of the savings of railroad men and farmers. A. G. Horine is president, but the bank seems to have been run almost entirely by the cashier, William Schnauffer.

2. November 15, 1910 The Washington Herald Washington, DC
Article from The Washington Herald, November 15, 1910

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FIND BANK SHORTAGE. State Officials Close Savings Institution Near Baltimore, Baltimore, Nov. 14.-The Savings Bank at Brunswick, Frederick County, Md., was to-day closed by order of State Commissioner J. Dukes Downes. This action was taken when a 'shortage of $10,000 was discovered in the accounts of William Schnauffer, the cashier of the bank. The bank was organized in 1892 and has no capital stock. The deposits amount to $200,000, made up mostly of the savings of railroad men and farmers. A. G. Horine is president, but it seems to have been run almost entirely by the cashier. It is said that there has not been a meeting of the board of directors in the last two years. When the examination was begun a few days ago the cashier disappeared and was not seen again for two or three days. When he returned home he declared he did not know where he had been, and he is now said to be under the care of two physicians.

3. November 15, 1910 The Washington Times Washington, DC
Article from The Washington Times, November 15, 1910

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BANK IS CLOSED BY $10,000 SHORTAGE Maryland Institution Sufferer From Cashier, Who Says "He Can't Remember." BALTIMORE, Nov. 15.-Following the discovery of a shortage of $10,000 in the accounts of William Schnauffer, cashier, the Savings Bank at Brunswick, Frederick county, Md., has been closed by order of State Commissioner J. Duke Downes. The bank was organized in 1892 and has no capital stock. A. G. Horine is president, but the institution, it is said, was run almost entirely by the cashier. Schnauffer disappeared for several days after the bank had begun an exan.ination of his books, and when he returned said be did not know where he had been.'

4. November 18, 1910 The Citizen Frederick, MD
Article from The Citizen, November 18, 1910

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Brunswick Savings Bank Closes Doors. Deputy State Banking Commissioner of Motter the as affairs a result of the of a Brunswick recent examination Savings Bank, ordered a discontinuance of business of that institution, until a full examination of its affairs could be made; when interviewed relative to the matter he said: He was unable to give the amount of loss or precisely when the discrepancy occured. Mr. William Schuaufler, who has been no could cashier give since the idea organization how the irregularities of the bank, crept into the accounts. He was under the care of a physician. Besides Mr. Schnauffer there are employed in the bank two girls and one bookkeeper. The closing of the bank comes as a great surprise in banking circles. The Brunswick bank was organized in 1892 with nine directors. Although no statement has ever been issued it has always been thought the bank was accumulating a surplus along with the healthy growth of deposits. It IS known that the business of the bank has grown considerably. The directors of the bank at present are Dr. A. G. Horine, Messrs, F. E. Alder and William Schnauffer, and it is said they have never held a meeting. The bank was organized when there was no banking law and it is said the methods used in bookkeeping were very loose. There were no stockholders or weekly deposits. The closing of the bank is the result of the new banking law, passed at the recent legislature. The savings banks under it are required to be examined the same as national banks which formerly was not required. Following the examination of the assistant Bank Examiner. Messrs: A. G. Horine, F. G. Alder and wife, and Wm. L. Gross made application to Judge John C. Motter for the appointment of receivers pending an investigation of complications in the bank's accounts, and Messrs. John C. Motter, of I., and John S. Newman have been appointed receivers by the Court under bond of $50,000. The applicants for the appointment of receivers, Messrs. Arlington G. Horne, Frank G. Alder and wife, and William L. Gross, have the following sums deposited in the bank respectively: about $500 non-interest-bearing deposits; about $3300 interest-bearing and between $600 and $700 non-interest bearing deposits; and about $750 of non-interest bearing deposits.

5. December 23, 1910 Montgomery County Sentinel Rockville, Gaithersburg, MD
Article from Montgomery County Sentinel, December 23, 1910

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Brunswick Bank Falls. The Brunswick Savings Bank, of Frederick county, Md., organized 18 years ago, has failed with a shortage of $70,000. The bank examiner has been a month straightening up the books. The liabilities consist of about $235,000 in deposits. The assets are about $165,000, as follow : Notes, $139,000 ; cash on hand, $14,000 banking house and adjoining building. about $12,000. Of the notes, about $32,000 is secured by mortgages. The bank owned no bonds, but had a certificate for several shares of stock in a Frederick bank. About $20,000 is due the bank in back interest, some of which has been running since it organized. This, it is estimated, will keep the assets within the approximation, as some of the notes will be difficult to realize upon. The bank carried about 750 notes, a very large majority being under seal. Apparently doing business at a loss, loose bookkeeping methods and neglect to call in notes long overdue with interest unpaid are declared responsible for the trouble. Going over the books of the bank has revealed a most complete lack of practical knowledge in banking. In the words of one of the receivers, it is the worst mix-up that could be imagined. Notes were allowed to run without even attention being paid to collecting the interest. Some times checks of the same account coming in the same day were figured into one amount and entered on the ledger without date. In the payment of expenses such as fuel and other charges Mr. Schnauffer, the cashier, invariably gave his own check, and the amount was charged to his personal account. No expense account seemed to be kept. In this manner conditions went on until the new savings bank law made an examination necessary, and from the start it was found that the bank was in bad shape. The bank examiner, it is thought, should have closed the bank when he first discovered irregularities instead of permitting it to continue open 10 days longer. As subsequent conditions revealed, the more he investigated the worse he found things, and had he gone further the first day and closed the bank many depositors would have fared better. The receivers figure on a 50 per cent. payment to depositors.

6. January 7, 1911 Martinsburg Herald Martinsburg, WV
Article from Martinsburg Herald, January 7, 1911

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# TO END BANK Permanent Receivers Asked By Firm There-Smith And Carlisle Wants Action In Court. From The World of Friday: A new turn among creditors of the Brunswick Savings Bank took place yesterday, when the firm of Smith & Carlisle and others filed a bill in court asking that the bank be dissolved as a corporation and that permanent receivers be appointed to take charge of its affairs and liquidate its assets. The attorney named in the bill is former chief Judge Glenn H. Worthington. Following the closing the bank by Deputy State Bank Examiner John C. Motter the Court appointed Mr. John S. Newman and Millard F. Shafer temporary receivers. Under their direction the affairs of the bank were gone over by an expert accountant and found to be involved to the amount of about $70,000. No statement has yet been sent to the receivers from the figures submitted by the accountant, though it is expected at any time. As soon as it arrives it will be submitted to the Court, along with a petition asking for permission to turn the assets into cash to make a pro rata distribution to depositors. The new petition, however, alleges that the bank in insolvent and asks to have its charter dissolved, the appointment of permanent trustees and points out methods of procedure. The firm of Carlisle & Smith, whose names appear in the bill, have deposits amounting to $4,000 in the bank.

7. January 21, 1911 Martinsburg Herald Martinsburg, WV
Article from Martinsburg Herald, January 21, 1911

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New Bank For Brunswick, A move has been suggested looking to the organization of a new bank to succeed the Brunswick Savings Bank, now in the hands of receivers. A well known citizen of Brunswick, Md., who has taken the initiative, points out that "the unfortunate closing of the Savings Bank, under the conditions which surround it, has greatly affected the financial status of the town, and has dealt a blow that only prompt and decisive action can repair."

8. February 17, 1911 The Citizen Frederick, MD
Article from The Citizen, February 17, 1911

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Experiencing Difficulty. Considerable difficulty is being experienced by john S. Newman and Millard F. Shafer, receivers of the Brunswick Savings Bank, in liquidating the affairs of that institution. One of the latest obstacles met with is the fact that considerable number of the notes representing indebtedness to the bank are held by persons whose domiciles are across the line in Virginia, in which State many of the depositors live. Several of the depositors mentioned have attached the notes held in their State, claiming that these assets of the bank are outside of the jurisdiction of the receivers, and they are in a position for that reason to make themselves preferred creditors. which claim if allowed by the court, will lessen the amount of the ultimate dividend to the other stockholders. In order to thwart the plans of the depositors in Virginia, application has been made to the court for the appointment of an auxiliary receiver in Virginia.

9. April 7, 1911 The Citizen Frederick, MD
Article from The Citizen, April 7, 1911

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Brunswick Savings Bank Depositors File Claims. Claims of nearly $150,000, running from small amounts to $9,000, have been filed in the Clerk's office against the defunct Brunswick Savings Bank. In many cases the amounts represent the life savings of hard-working persons. Since notice from the receivers that all claims must be filed at the Court House before the first distribution of the 25 per cent. can be made about 37° depositors out of à total of more than 1,000 have-filed their claims. As everyone in town is anxious to get what is coming to him as soon as possible it is expected that there will be a rush to file claims this week.

10. April 8, 1911 Martinsburg Herald Martinsburg, WV
Article from Martinsburg Herald, April 8, 1911

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# Brunswick Bank to Pay That Amount Despite $50,000.00 Shortage. In response to the notice given by John S. Newman and Millard F. Shaffer, receivers for the Savings Bank of Brunswick, Md., of which Wm. F. Schnauffer was the cashier, 319 persons have filed their claims against the bank with the clerk of the Circuit Court for Frederick county. Most, if not all, of these persons were depositors in the bank, and the claims run all the way from a few dollars up to nearly $5,000. The total amount of the claims already filed reaches almost $140,000. When the bank went into the hands of receivers an expert accountant was employed to go over the books of the bank. The accountant called in the passbooks, and from these verified accounts due depositors of $229.880.07. The amount not so verified is $4,281.28 making a total due depositors of $234,161.33. It was found that the assets of the bank consisted of $136,781.43 in notes believed to be good, $8,876.21 in notes believed to be worthless, and real estate in Brunswick worth about $12,000. With money in bank and everything in the way of assets, the accountant figured that the bank had about $198,282.24. This left a deficiency of $35,879.09. To this must be added the overdraft in the personal account of Schnauffer, which amounted to $26,075.78, and other overdrafts of $12.870.99. There was also an overdraft in the interest account. The accountant estimated that the shortage will be $56,031.70. The receivens have been collecting the notes as fast as possible, and already have collected a good portion of the money and have it in hand. Notice has been given the creditors to file their claims, and when this notice expires the first distribution will be made. It is planned to make a first payment of 25 cents on the dollar. The amount to be paid the creditors will be based upon the amount that can be collected on the outstanding notes. If all that is given as good assets by the accountant could be collected the amount depositors would receive would be about 80 cents on the dollar. This is not believed possible, and it is thought that from 60 to 70 cents on the dollar will be paid.

11. April 10, 1911 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, April 10, 1911

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RECEIVES A BLACK HAND LETTER. William Schnauffer, cashier of the Savings Bank of Brunswick, Md., which is now in the hands of receivers, it is said, has received two Black Hand letters. One threatened the destruction with dynamite of the house in which Mr. Schnauffer is now living and also threatened him with death. This letter it is said came through the mail. Another note is said to have been put under the door of Dr. Levin West, a brother-in-law of Schnauffer. with whom Mr. Schnauffer has been making his home since the bank failure. This note also contained a black hand, it is said, and demanded that a sum of money be put under the steps of the Catholic Church in Brunswick and threatened Mr. Schnauffer's life. if the terms of the note were not met. Mr. Schnauffer was the cashier of the Savings Bank of Erunswick from the time of its organization until its failure. He had practically absolute say in the management of the bank's affairs and enjoyed the confidence and respect of the entire population of Brunswick and vicinity.

12. May 13, 1911 Martinsburg Herald Martinsburg, WV
Article from Martinsburg Herald, May 13, 1911

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DEPOSITORS DISAPPOINTED. Expected First Payment By Brunswick Bank Postponed. Brunswick, Md., May 11.-Hundreda of depositors of the defunct Brucaswick Savings Bank are dismayed over the prospect of long proceedings in court before the first distribution of deposits. It was hoped that the initial payment of 25 per cent. was close at hand, but proceedings were begun which, it is understood here, will delay matters for am indefinite time. Since last December more than $230,000, chiefly belonging to residents of this place, has been tied up. Nearly two months ago announcement was made that sufficient funds had been collected by the receivers to pay depositors 25 per cent. of their accounts. This crumb of comfort was looked forward to with expectation, and many thought the first payment would be made in a few days. Last right, however, the situation seems changed. Those who appeared in court yesterday seem to think the matter will eventually be taken to the Court of Appeals.

13. September 29, 1911 The Citizen Frederick, MD
Article from The Citizen, September 29, 1911

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Treasurer Schnauffer Under $5,000 Bail. William Schnauffer, treasurer and head of the closed Brunswick Savings Bank, was arrested at his home on Saturday last charged with embezzlement and exhibiting false and fraudulent papers to Deputy Bank Examiner John C. Motter, of 1. He was brought to this city, taken before the court and released by Judge Urner on $5,000 bail, $2,500 in each case. His brother-in-law, Dr. Levin West, became his bondsman. The arrest was the outcome of an investigation by the late grand jury. An indictment was returned and a warrant was issued by the clerk of the court for his arrest It was served by Deputy Sheriff Myers, of Brunswick, who found him at home. The arrest became known soon after the warrant was served. Mr. Schnauffer immediately notified his family and Dr. West and the deputy came to Frederick. During the proceedings Schnauffer was nervous and seemed under a heavy strain. After being released he returned to Brunswick The arrest involves Schnauffer in the failure of the bank. which closed its doors last December. It is charged that upon being confronted by Examiner Motter with irregularities he exhibited a paper and made statements purporting that the bank was solvent, and that the irregulariAt ties could be corrected in a few days. his request the bank examiner allowed him a week to correct the trouble. and in the meantime a number of large deposits are said to have been made. The irregularities, however, could not be corrected, but became more serious as the investigation progressed. The charge of embezzlement is based upon overdrafts which Schnauffer is said to have allowed It. is understood that the amount specified is $30. His friends say he is innocent and that he will be able to clear himself of the charges. They ascribe the failure entirely to careless business methods and overconfidence in lending cash on notes. It is known that his own family lost with other depositors and since the failure he has made over to the trustees what little property he had in his own name. At the time the bank closed there were deposits amounting to $230,000. Receivers John S. Newman and Millard F. Shafer have made a distribution of 33 1/3 per cent. to depositors, with prospects of finally paying 50 per cent. Following the failure an expert accountant was several weeks untangling the bank's affairs. Between 700 and 800 notes were found where money had been loaned and no attempt made to collect the interest. In some cases the notes were out of date. Schnauffer's personal account was overdrawn to a large extent. This was due to having given checks under his own indorsement for all expenses connected with the business. Nothing has ever been found to judicate that he misappropriated a cent. The careless method f conducting the bank was disclosed by the new savings bank law. Much sympathy is expressed for Schnauffer. He came to Brunswick from Baltimore 18 or 20 years ago and established the bank. He took a prominent part in the advancement of the town and was generous to its citizens. Last year mention was made of his name as a candidate for Congress, but he declined to run. He is a member of the Episcopal Church, is married and has four children. Montgomery County Matters. The will of Col. Augustus W. Dorsey, the Confederate soldier who died recently at his home, near Brookeville. this county. It has been admitted to probate here. disposes of an estate valued at about $10,000, the beneficiaries being relatives of the testator's wife, who died several years ago. It gives $1,000 each to Margaret Dorsey Brightwell, Mary Brightwell. John Brightwell and Ruth Owens, of Washington; Lucy Dorsey. of Baltimore, and Margaret O. Magruder. of this county. The sword and pistol used by Colonel Dorsey during the war are left to Frank Dorsey, of Baltimore. The resi due is bequeathed to Margaret Dorsey Brightwell and Mary Brightwell. Leonard I. Weer. of Brookeville, is made executor. King's Distillery, at King's Valley, this county. was destroyed by fire abont IO o'clock Friday night, entailing a loss of about $5,000, only one third of which was covered by insurance. By hard work the flames were kept from spreading to warehouses 50 yards away, containing nearly of 1,000 barrels of whiskey. The cause be the fire is not known. The distillery longed to John R. Lewis, a grandson of the late Luther King, who conducted the business for many years.

14. September 29, 1911 The Citizen Frederick, MD
Article from The Citizen, September 29, 1911

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# CIRCUIT COURT. Court convened on Monday morning, the 25th inst., and the criminal docket was taken up, Judges Motter and Urner presiding. The criminal docket for this term is comparatively short, and as many of them charged with the more serious offenses have pleaded guilty, the trial of the cases on the docket promises to take much less time than was expected a week ago. Indicted and brought into court to anawer a charge of gambling and betting on races at the age of 83, was the fate of J. C. Meddinger, who appeared in court here, and plead guilty, to the charges against him, and was fined $200 and costs. He was unable to pay the fine, and upon the request of his counsel, Mr. William P. Maulsby, was given 30 days in which to raise the money. Lawrence Gray, charged with passing a forged check on Victor Kaplon, of Brunswick, this county, was taken before the court and plead guilty. He was at once sentenced to three years in the penitentiary. Charles M. R. L. Mokomes, a Russian, aged about 24 years, charged with the larceny of some clothing from a porter on a Pullman car, while in the railroad yards in Brunswick, was tried before the court. The testimony showed that after taking the clothing the Russian at once put it on and was wearing it when he was arrested. He was given three years in the House of Correction. Twenty years in the Maryland penitentiary was the sentence imposed upon Hanson Dorsey on Saturday afternoon, who pleaded guilty to the charge of attempting to assault Mrs. Della Stephens, residing a short distance east of this city. The attempted assault took place on August 15th, and a few days afterwards Dorsey was taken to Baltimore by Sheriff Grimes, who feared an attempt might be made to lynch the negro. When Sheriff Grimes returned from Baltimore, to which place he took Edgar Shawen, who had escaped from him two days before, he brought Dorsey along back. The matter was kept very quiet, only the court, State's Attorney, and the few persons around the jail, knew of Dorsey's presence in the city. He was taken into the Judge's chamber, on Saturday afternoon, pleaded guilty and was given 20 years in the penitentiary. Sheriff Grimes left at once with his prisoner. On the way down Dorsey remarked to Sheriff Grimes that he thought that he had been given an awfully long term. George R. Keefer was tried before the court upon the charge of stealing a stove and a quantity of brass from the Baltimore and Ohio Railroad. He was found guilty upon the charge of stealing the stove, and not guilty of the larceny of the brass. He was given six months in the House of Correction. Wm. Kerns, who was indicted for house breaking, was found guilty and sentenced to the penitentiary for four years. Samuel Lee, colored, who was indicted for the larceny of, a coat from Wm. Diggs, was found not guilty. H. Dorsey Etchison appeared for the traverser. The Brunswick Furniture Company must pay an over draft of $8,696.22, to the receivers of the Brunswick Savings Bank. James Abrecht, who was indicted for indecent exposure, was found guilty. He was declared insane. S. A. Lewis appeared for Abrecht. Wm. Philips, indicted for killing John Johnson, colored, during the past summer. Johnson came here from Baltimore an excursion. He was acquitted by a jury. Manantha Hoover pleaded guilty to the larceny of a bicycle. He was paroled on the promise of good behavior. Attention Central Committee. Registration is October 3 and 10. Look up your new voters, those who should have removal certfi-cates, also those who are stricken off and are entitled to vote in other parts of the county or State. Duvall-Ritchie Wedding.

15. September 29, 1911 The Citizen Frederick, MD
Article from The Citizen, September 29, 1911

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Treasurer Schnauffer Under $5,000 Bail. William Schnauffer, treasurer and head of the closed Brunswick Savings Bank, was arrested at his home on Saturday last charged with embezzlement and exhibiting false and fraudulent papers to Deputy Bank Examiner John C. Motter, of I. He was brought to this city, taken before the court and released by Judge Urner on $5,000 bail. $2,500 in each case. His brother-in-law, Dr. Levin West, became his bondsman. The arrest was the outcome of an investigation by the late grand jury. An indictment was returned and a warrant was issued by the clerk of the court for his arrest It was served by Deputy Sheriff Myers, of Brunswick, who found him at home. The arrest became known soon after the warrant was served Mr. Schnauffer immediately notified his family and Dr. West and the deputy came to Frederick. During the proceedings Schnauffer was nervous and seemed under a heavy strain. After being released he returned to Brunswick The arrest involves Schnauffer in the failure of the bank. which closed its doors last December. It is charged that upon being confronted by Examiner Motter with irregularities he exhibited a paper and made statements purporting that the bank was solvent, and that the irregularities could be corrected in a few days. At his request the bank examiner allowed him a week to correct the trouble. and in the meantime a number of large deposits are said to have been made. The irregularities, however, could not be corrected, but became more serious as the investigation progressed. The charge of embezzlement is based upon overdrafts which Schnauffer is said to have allowed It is understood that the amount specified is $30. His friends say he is innocent and that he will be able to clear himself of the charges. They ascribe the failure entirely to careless business methods and overconfidence in lending cash on notes. It is known that his own family lost with other depositors and since the failure he has made over to the trustees what little property he had in his own name. At the time the bank closed there were deposits amounting to $230,000. Receivers John S. Newman and Millard F. Shafer have made a distribution of 33½ per cent. to depositors, with prospects of finally paying 50 per cent. Following the failure an expert accountant was several weeks untangling the bank's affairs. Between 700 and 800 notes were found where money had been loaned and no attempt made to collect the interest. In some cases the notes were out of date. Schnauffer's personal account was overdrawn to a large extent. This was due to having given checks under his own in dorsement for all expenses connected with the business. Nothing has ever been found to iudicate that be misappropriated a cent. The careless method f conducting the bank was disclosed by the new savings bank law. Much sympathy is expressed for Schnauffer. He came to Brunswick from Baltimore 18 or 20 years ago and established the bank. He took a prominent part in the advancement of the town and was generous to its citizens. Last year mention was made of his name as a candidate for Congress, but he declined to run. He is a member of the Episcopal Church, is married and has four children. Montgomery County Matters. The will of Col. Augustus W. Dorsey, the Confederate soldier who died recently at his home, near Brookeville. this county. has been admitted to probate here. It disposes of an estate valued at about $10,000, the beneficiaries being relatives of the testator's wife, who died several years ago. It gives $1,000 each to Margaret Dorsey Brightwell, Mary Brightwell, John Brightwell and Ruth Owens, of Washington; Lucy Dorsey. of Baltimore, and Margaret O. Magruder. of this county. The sword and pistol used by Colonel Dorsey during the war are left to Frank Dorsey, of Baltimore. The residue is bequeathed to Margaret Dorsey Brightwell and Mary Brightwell. Leonand I. Weer, of Brookeville, is made executor. King's Distillery, at King's Valley, this county, was destroyed by fire abont 10 o'clock Friday night, entailing a loss of about $5,000, only one third of which was covered by insurance. By hard work the flames were kept from spreading to warehouses 50 yards away, containing nearly 1,000 barrels of whiskey. The cause of the fire is not known. The distillery be longed to John R. Lewis, a grandson of the late Luther King, who conducted the business for many years. Erederic's

16. December 15, 1911 The Citizen Frederick, MD
Article from The Citizen, December 15, 1911

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Another Payment to Brunswick Depositors Receivers John S. Newman and Millard F. Shafer, of the closed Brunswick Savings Bank, announced that another distribution will be made to depositors after Dec. 19. Dreditors will then receive a payment of 25 per cent., which with the 33 1/3 per cent., distributed some weeks ago. makes a total of 581/3 per cent., of their deposits. At the first distribution, $80,070.04 was paid out. The receivers have since collected $58,618.03 making a total of $138,688.07. When the bank was closed 823 depositors had combined accounts of $218,366.93. The receivers expect to collect enough funds to make another distribution, of perhaps 6 or 8 per cent. I he bank building, said to be worth $8.000 or $10,000 has not been sold. and the question of further collection on notes cannot be estimated. Some are barred by limitation. but in most cases holders have shown a disposition to pay their indebtedness without resorting to law.

17. July 5, 1912 The Citizen Frederick, MD
Article from The Citizen, July 5, 1912

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Postoffice Building Leased. The closed Brunswick Savings Bank was leased by Government officials and will be the town's new postoffice. It is situated on High street and was recently sold by receivers for $8,150. The new building will increase facilities for hand ling the town's growing volume of mail

18. January 14, 1913 Evening Star Washington, DC
Article from Evening Star, January 14, 1913

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Receivers of the closed Brunswick, Md., Savings Bank were given a verdict Monday of $4,200 by a jury against Victor A. Kapan, a Brunswick merchant. The latter was sued on a number of overdue notes and pleaded limitation.