7528. Second National Bank (Towson, MD)

View Charter #8381 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
8381
Charter Number
8381
Start Date
November 20, 1906
Location
Towson, Maryland (39.401, -76.602)

Metadata

Model
gpt-5-mini
Short Digest
7492268a6697c5a7

Response Measures

None

Description

Articles show the Second National Bank of Towson opened for business in November 1906. A 1933 Baltimore Sun article (1933-03-21) reports appointment of conservators (Harrison Rider named for Second National Bank, Towson) as part of bank closures/reorganizations during the 1933 banking crisis. No contemporaneous run is reported in the supplied articles; the 1933 action is a government conservatorship indicating suspension/closure.

Events (4)
1. October 1, 1906 Chartered
Source
historical_nic
2. November 20, 1906 Other
Newspaper Excerpt
The Second National Bank of Towson is now open and doing business. It is located in the gray stone building opposite the east front of the Court House.
Source
newspapers
3. March 21, 1933 Receivership
Newspaper Excerpt
The bank also announced the appointment of conservators for four banks in Maryland.... Harrison Rider, Second National Bank, at Towson.
Source
newspapers
4. March 21, 1933 Suspension
Cause
Government Action
Cause Details
State/Federal actions during the 1933 bank reopening/conservatorship process: conservator appointed for the Second National Bank of Towson.
Newspaper Excerpt
The bank also announced the appointment of conservators for four banks in Maryland.... Harrison Rider, Second National Bank, at Towson.
Source
newspapers

Newspaper Articles (5)
1. October 12, 1906 The Aegis & Intelligencer Bel Air, MD
Article from The Aegis & Intelligencer, October 12, 1906

Click image to open full size in new tab

Article Text

Local Affairs. -Mr. Theodore Norrisiserecting brick house on his property near White ford. -Revival services will begin at Mt Tabor M. P. Church next Sunday after noon. -Chief Judge George J. Finney was un able to attend the regular session of the Orphans Court on Tuesday on account of illness, -Miss Edna Mitchell has been appointed principal of Angleside school, succeed ing Miss Phoebe Mullineaux, who recent ly resigned. At the recent state meeting of the W C.T.U., Mrs. Isidor Hoskins, of Harford county, was appointed chairman the committee on parlor meetings. -Miss Mabel Rigdon, daughter of Mr. John Rigdon, of Whiteford, has finished a course in portrait and landscape painting at Elkhurst Art Institute. -Mr. Alexander Streett, of Fallston, and Miss Phoebe Mullineaux, teacher of Angleside school, were quietly married in Baltimore on Wednesday of last week. -Mr. Theodore S. Archer has bought of Mr. Charles Famous the Harry Pyle farm, near Wheel, containing 24 acres land. with good improvements, for $1,475. -Mr. C. W. Abels, of Baltimore, has rented the store of Mr. T. E. Cathcart, of Jarrettsville and is now stocking it with an attractive line of general merchandise. -Rev. R. A. Castleman, of Bel Air, at tended a meeting of the archdeaconry of Harrisburg at Carlisle on Wednesday. He delivered an address on the subject of "Missions." -The congregations of Highland and North Bend Presbyterian Churches have united in a unanimous call to Rev. Mr. Irvine, of Virginia, to accept the pastorate of the churches. -The Hagerstownfair has been progress the past week. The exhibitors include Messrs. P. H. McCormick and Thomas W. Hall, who haveentries in the chicken department. -An oyster supper will be held in Walters' old store, near Gibson, on Friday and Saturday nights October 12and 13. The proceeds will be for the benefit of Woodside cornet band. -The engagement of Miss Amy Rouse, daughter of Mr. W. C. Rouse, of Baltimore, to Rev. George F. Flick, of Wash ington, has been announced. Miss Rouse niece of Mr. J. G. Rouse, of Bel Air. -Dr.O Edward Janney and Dr. Clark son Wilson, principal of the Friends School, North avenue, Baltimore, will visit the Friends Meeting House, Fallston,next Sunday morning at 11 o'clock. -Mr. Hudson Bateman, clerk to the County Commissioners, is still ill at his home near Wilna. His place at last Monday's meeting of the commissioners was supplied by Mr. Walter R. McCo. mas. -Rev. T. E. Peters will deliver his popular lecture on "Matrimony" at Friendship M. E. Church next Monday evening, October 15, at o'clock. The event promises to be anentertaining and interesting one. -An oyster supper and bazar will be held by the members and friends of Friendship church on Tuesday, Wednesday and Thursday evenings, October 23, 24 and 25. Everybody who tends will made welcome. -Mr. Joseph W. Scarboroughand Miss Nellie C. Chamberlaine, both of Streett, were married at the Methodist Protestant parsonage, Bel Air on Wednesday of last week. The ceremony was per formed by the pastor, Rev. C. K. Mc. Caslin. -A 12 year old son of Mr. George Mitchell, of Oakington, fell from chest. nut tree, a distance of thirty feet, and as seriously injured on Saturday. He was placed on fast express and carried to Baltimore hospital, where he is im proving. -A gravel train on the Maryland and Pennsylvania railroad collided with the workmen's truck day last week. On the truck were a number of track hands in charge of Foreman Elv Manche. The men were scattered in all directions, but no one was seriously injured. -The ladies' aid society of St. Paul's Evangelical church, Perryman, will hold an oyster and meat supperin hecanning house of Mr. Christian Smith, on the Jewens farm, near Carsins Run, on Friday and Saturday evenings, October 19 and 20. Everyone is invited to attend. -Miss Bessie E. Jarrett, daughter of Mrs Elizabeth and the late A. Bond Jarrett and Mr. Bernard Lang Lottig, were married on Wednesday of last week at St. Paul's Reform Church, Baltimore. The bride formerly resided in Havre de Grace, where she is well known and very popular. -Collections are being made for new churchin Pylesville. The ground has been donated by Mr. H. Lanius, president of the Pylesville Trading Company. It is stated that quantities of material have been donated and that the carpenter work will be the beneficence of one of the leading members. -Mr. Simon J. Stiegler exhibited at this office on Monday an apple picked during the season of 1905. It is still in a good state of preservation and Mr. Stiegler has sent it to Dr. Howard A Kelly, on whose farmit wasraised. Mr Stiegler did not know the variety, but is certainly curiosity. Miss Mary Shaw Rawlings, daugh ter of Mr. and Mrs. A. C. Rawlings, Rawlings, and Rev. Charles W. Lanham, junior pastor of West Harford Circuit were married on Wednesday of last week at the home of the bride by Rev. Dr. W L. McDowell. The ceremony was wit nessed by only few intimate friends. -The Woman's Guild of Emmanuel Church, Bel Air, will hold cake sale the residence of Mrs. Otho S. Lee, tomor row, Saturday afternoon, at 3: o'clock It is the purpose of the members of the Guild to hold their annual Christmas sale on Wednesday and Thursday, Decem ber 5 and 6, both in the day and evening The Second National Bank of Towson expects to open for business on Novem

2. November 23, 1906 The Aegis & Intelligencer Bel Air, MD
Article from The Aegis & Intelligencer, November 23, 1906

Click image to open full size in new tab

Article Text

Local Affairs. --A Thanksgiving dinner and supper will be held at Slate Ridge Presbyteriar Church, Cardiff. The quarterly conference of the Bel Air M. P charge will meet at Bel Air to morrow, Saturday afternoon, November 21th at 2.30 o'clock. -Me Jacob Schapiro is installing an acetylene plant in his store and dwelling on Main street, Bel Air. Mr. Charles Brown is doing the work. --Rev. james 1. Chapman, missionary minister of the Episcopal Church EmJapan will occupy the pulpit of manuel Church next Sunday morning. -The teacher and pupils of Reckord school will hold an oyster supper at the school house on the evening of November 28. Proceeds for the benefit of the school -Miss Mabel Hyde, teacher of Michnelsville school, has taken charge of Perryman school. Miss Mary Gilbert of Hickory, will fill the vacancy at Mich aelsville. wing to the absence of the rector, no Rev. L. J. Sothoron, there will be preaching services at Christ Church, Rock Spring, and Holy Cross Church, next Sunday. Mr. David H. Silver has been ap pointed road supervisor of Stearns precinct in place of Mr. W. A. Wheeler, who has been appointed clerk to the board county commissioners. -The public sale of Mr. John W. Burkins, which took place near Chestnut Hill on Wednesday, was well attended. $55 Cows brought prices ranging from to$63. J.W. McCall was the auctioneer -A birthday party was given Miss Edith Harry, daughter of Mr. Joseph Harry, of Whiteford, and Miss Carrie Whiteford, daughter of ex sheriff Whiteford, on Saturday evening at the residence of Mr. Harry. -A musical and literary entertainment will be given in the Fountain Green hall on Saturday evening. November 24th, beginning at 7.45 o'clock. The proceeds will go for the benefit of Churchville and Thomas Run schools. -Noble L. Mitchell, trustee, offered the Edward V. Stockham property, near Perryman at public sale at the Court House door on Saturday. It was purchased by Mrs. GeorgieGithens and Mrs. Anna E. Taylor for $2,650. -The new railroad station of the Maryland and Pennsylvania railroad Baldwin has been completed at cost $2,000. The improvement is highly preciated by the many residents of this prosperous section of Baltimore county. -Mr. Elmer J. Cook, of the Towson bar, was a welcome caller at the Egis office on Monday. Mr. Cook is vicepresident and general counsel of the Scc ond National Bank of Towson, which opened tsdoors for business on Tuesday. Mr. and Mrs. John T. Mason, who have been recent guestsof friends at Aberdeen. expect to leave next Monday evening for an extended southern trip, stopping off en route at different places of interest. They intend to bein Los Angeles by the first of the year. The AEgis will go to press on Wednesday evening of next week instead Thursday, so as to give our office force opportunity to observe Thanksgiving. Our friends are requested to bear this mind and send in their communications one day earlier than usual. -A dance will be given in the Assem- Bel bly Rooms of the Masonic Temple, Air, on Thanksgiving eve, Wednesday, November 28th. The chaperones are Mesdames 1. A. Hunter, J D. Worthington, H. D. Hanway. Herman Stump, William 11. Harl an and Thomas H. Rob inson. -The Baltimore and Harford Turnpike Company has filed $7,000 appeal bond in the condemnation case, which was cently decided against it by the Towson court. By the filing of this bond, the company can again collect tolls, to be refunded should it lose its case in the Court of Appeals. --The Harford Poultry and Pet Stock Association will meet tomorrow, Saturday afternoon. at o'clock in the Supervisors of Election room in the Court House. The date of the next show will be decided upon and other important business transacted. Everyone interested is requested to be present. -Messrs. William T. Billingslea and Joseph P. Wilson, of Bel Air, were Annapolison Wednesday. They witness bat ed the ceremony of turning over the tle flags of the late Civil war to a commission created by the last Legislature to receive them. They are now stored where the State House at Annapolis, they will remain for all time. The electric lights were out in Bel A last Sunday night from about half past ten to one o'clock. It was particularly hard on those who were unfortunate enough to have to come up on the late train from Baltimore. It seems coincidence that the light has a number times gone out during or immediately by after storms, when it is most needed the unfortunate pedestrians. -Mr. A. U. Reynolds, local representa tive of Dr. J.K. Rush, who has franchise Be to build an acetylene gas plant in Air. has been testing pipes preparatory hal to laying the mains. About one number of the required feet are on hand and the balance is expected at an early It said that workmen will be day. work next week and that the plant wil be finished as soon as the weather will permit. -Mr G. Alfred Mitchell, of Boothby Hill, has colt 2 1/2 years old October last, that weighs exactly 1400 pounds This colt is of the coach horse breed, very stee in color and is a mare. It is gray active for its size and is nearly broken ver all work, drives very quietly and is stylish. If any one in the county heat this we would like to hear from This colt has gained 250 pounds in past year. -Mr. Frederick C. Wilkins, son of Mr George C. Wilkins, former general pas senger agent of the Pennsylvania rail road, was arrested on Saturday an lodged in Towson jail, charged with Love shooting his wife. There are a number

3. November 24, 1906 The Baltimore County Union Towson, MD
Article from The Baltimore County Union, November 24, 1906

Click image to open full size in new tab

Article Text

MORE COUNTY UNION. If they fail to give such order the business may be diverted into other channels. - Wedding parties in Baltimore have commenced to use automobiles instead of hacks - THE UNION's annual subscription bills will go out with next week 's issue of the paper. A new carnation, produced in a greenhouse at Lafayette, Ind. sold this week for $15,000. - Winter- according to the almanac-be gins on the 22d of December, one month from last Thursday -Turkeys sold this week in Baltimore at 17 cts. pound. It is expected that they will be much higher next week. -Mr. Joshua G. Bosley, of the 8th district, having been appointed county surveyor has resigned the office of justice of the peace. The deposit line of the Canton National Bank is rapidly pushing toward the million dollar mark. Its repor $724,435.40. The December term of the Circuit Court will begin on the first Monday of the month the 3d. It is usually the longest term of the year. Next Thursday, 29th instant, is a legal holiday in Maryland and all the banks and public offices will be closed. It is also a school holiday. The Elkridge hounds will meet today (Saturday) at Sherwood at 3.30 P. M., instead of at Meredith's Ford bridge, as previously announced. ->The Young People's Society of St. John's Evangelical Lutheran Church, on the Harford road, will meet on Sunday, November 25th, at 7.30 P.M. The public school at Lansdowne, 13th district will be presented with flag on Thanksgiving day by Washington Camp Patriotic Sons of America. The weather man went far wrong with his forecasts for this week. His promised 'cold wave' must have got switched off and become lost in the shuffle The Second National Bank of Towson is now open and doing business. It is located in the gray stone building opposite the east front of the Court House. Several important sales of real and personal property will take place in Baltimore county next week. See advertising columns of THE UNION today Towson is steadily getting to the front in a financial way as well as in others. We now have two National banks, a savings bank and a building association. E Mrs. o D. Gillespie, through Mr. J Lloyd, agent, has sold her farm at Bentley Springs, upon private terms. The place is well improved. The Thanksgiving holiday in the public schools of Baltimore county will continue from Wednesday afternoon, November 28th, until Monday, December 3d. People residing north and northeast of Towson are much pleased at the prospect of having their mail facilities improved by means of new R.F. D. route. - Oneortwoenterprising Baltimore county farmers filled their ice-houses last fall before Thanksgiving day, which is something very unusual for this latitude. -> Another couple from Baltimore came to Towson on Tuesday evening and had the nuptial knot tied by Rev. W. H. H. Powers, rector of Trinity P. E. Church. The district Sunday school convention will be held at Fork M.E. Church on Satur day and Sunday, December 1st and 2d. An interesting time is promised. -The case of John Smith against the Bal timore & Ohio Railroad Company has been occupying the attention of the Circuit Court nearly the whole of this week. The work of repaving the York road. north from North avenue, was begun this week. But two squares will be done this fall. Belgian blocks are being used. St. John's Mission at St. Denis which has been under the management of Old St. Paul's Church, in Baltimore has been placed under the control of Bishop Paret. Burglars have been operating in the last few days in and about Aberdeen. Harford county, several houses having been entered at night. No arrests have been made -> The Towson sneak thief has again been at work this week and Mr. Howard Rieman's larder was cleaned out of everything edible that it contained. And still no arrest. The W.C. T. U of Providence, notheast of Toweon, will give an entertainment in the M. E. Church, on Thursday night, November 29th. A cordial invitation s extended. At the flower show held in Baltimore last week the special prize offered by Messrs. George E. Waters Co. for rose. was won by Messrs Sevenson Bros. of Govanstown. - The new postal station at Govanstown was opened for business on Tuesday. It is well located and adapted for the business Mr. S. W Wilson is the superintendent in charge. Mr. Charles H. Wier. Jr. and a party of friends, returned a few days ago from a successful sporting trip. They brought back with them 97 ducks and 400 pounds of yellow perch. The Christian Endeavor rally held at Epsom M.P. Chapel, Towson, last Sunday, was concluded at night with revival services which have been held each night during the week. THE UNION'S calendars for 1907 will soon be ready for delivery They will come in handy shortly as the old year has very little over a month left in which to complete its record Last week's snowfall was almost unprecedented for this section of Maryland and had the temperature been a little lower the earth would have been covered to the depth of several inches. The Thanksgiving dinner will cost more this year than for many years, nearly every thing for the table being higher in price than usual. Perhaps there is just a trifle too much 'prosperity Old Jube" Pluvius is a jay. He's n. g He's any old thing you like to call him He hasn' any more idea about running the 'rain gauge' than a cow has about dancing the Virginia reel. The residents of Catonsville had a mad dog scare few days ago. While no person was bitten several valuable dogs were and some of these have been killed. The supposed rabid animal escaped. The Independent Ice Company has advertised in THE UNION today its ice and ice cream business at Towson This good chance for some enterprising man to engage in an established business. - Rainy Sundays appear to be the rule now, last Sunday ad ding another to the number. The month of November is almost making as strong a record for rain as did its immediate predecessor. Deputy State Game Warden Malcolm has lately been making matters quite lively for violators of the law, and pretty soon they will begin to find out that this is an expensive business for them. - The job department of THE UNION continues to turn out many sets of posters for public sales of personal property We never before knew so many of these sales at this season of the year. Heavy snows in the West and terrible floods in the South and Sout hwest have been among the weather records of this week. In Maryland the temperature at times has been almost summerlike. - During the past summer and early au tumn it was said that partridges were abundant in Baltimore county. If they were then they are surely not now because experienced sports men fail to find them.

4. November 24, 1906 The Baltimore County Union Towson, MD
Article from The Baltimore County Union, November 24, 1906

Click image to open full size in new tab

Article Text

Monkton N C. R. R. The residents of My Lady Manor were much interested in the exciting chases after sly reynard by the fox-hunting clubsthat were entertained by Mr. and Mrs. John Rush Streett. at their beautifu Harford Farmingt country home, county, for week's hunting On Tuesday nu with the clubs and Wednesday Thursday hun Club Manor merous from additions the ted over the hills and valleys of the Manor and were much pleased by the fine sport at forded them also with the hospitality exten ded them. The visitors were beautifully coats steeds. The red on spirited mounted worn by the men gave pleasing tone of color to the gay calvalcade as swept over hill and furious gallop w hile the music made by the swifly running dogs was much enjoyed true lovers of the sport Mrs. Harry Pearce entertained the hunters at luncheon on Thursday, while Mr and Mrs Melville Pearce enjoyed that pleasure on Friday for Mrs Jacob M Pearce, who was quite ill slowly improving. Mr. Daniel Wilhelm is having the buildings painted and renovated on the farm he purchased about one year was formerly The Offutt. Col. the late owned by pairs have made quite an improvement in the appearance of the farm. The monthly meeting of the W was held 14th, the of The Kauffman, Reports presided Everhart, Mrs. the different department of work were intendents religious holding meetings in Monkton Hall for the past two weeks. A report was circulated that they Morm which they denv They simply claim to be preaching the gospel for the love of work rather refreshing to meet such unselfish Christians in this sordid age Mr and Mrs. Wm. T. Bosley. who were lately married are now occupying their house on the Manor Mr. George Wolfslager and wife removed this week to the house they have rented from utchins M Guild St. James Parish convened Thursday vember 22d at the residence Hutchins of Mrs. Henry has reopened again The Lyceum Sweet fice debators suggest that they debate the question 'How to make farm life so attractive that the young men will remain on the farm. instead of overcrowding the professions, where many successes brilliant of make them will The question of help to the average farmer has become serious problem. The corporations and railroads are raising the salaries of their employes, but they are not lower ben the freight for their farmers can How the farmer. the afford much salary as the corpo as short hours And they able get help they now interestin uestions, and by unjust discrimination the farmers are driven out of business, can the world manage without their products Mrs. Carrie Pearce, W ho had been visitin friends and relatives in Baltimore, is again at H home. Marble Hill, 8th District ng tosome delay be given by the La dies' Aid Society of Jessop M. Church has been postponed until December 28th. While the weather has been favorable to the late sown grain yet it has been drawback to farmers getting in their corn and fodder The usual than damage The latter shows earth has been in good condition for plowing and yet but little of this work has been done by farmers generall Mr William H Wight has about finished Though not an agricul tural club member, yet he is forward with his work and grows excellent crops. He is an farmers ample many said Mr. George Hoover. of Bntler. sold for $31.50 that made lbs. of butter a week and required being milked four times day She comparatively young cow The Senior Gunpowder Agricultural Culb will meet Saturday 24th. at the farm of Mr L He invited has also near Belfast Bacon, members of the Junior Club. The quescorn prepare to How discussion is for tion fodder for best results in feeding? Mr. Bacon has fine dairy herd and producti farm It large field of crimson clover shows well. was sown in the corn and cult: vated in after the last working Rossv ille 14th District Mr John Kahl of Rosedale married to Miss Mary Schady by Rev C.F Fleck pastor of Howard's Luth eran Church on Sunday Novemb 18th. The sister of the bride, Miss Gussie Hawkins was bridesmaid and the groomsman was Mr Fred Hohlen. The bride wore beautif white silk gown, with veil and the bridesmaid was gowned like her sister. The bride carried a bunch of Bride roses. A reception was given the bride's home and many friends were beautif many The bride invited. presents They will reside at Ross ille The Rossville school has larger attendance than usual and they expect to have anothe assistant. Miss Jessie Hood is the principal There many public sales this section of the county which does not look well for the D. farming business. Greenwood, 11th District Mr William Piper, this place, who had been confined to the house for week with a severe attack of again. able out grip of Mr Marion Shearman is very sick at and under the profession care of Harrison Dr The protracted meeting that had been in progress at Waugh M. E. Church for two weeks There will be no preaching at Waugh on Sunday 25th inst. Epworth League service at The quarterly conference of Long Green Circuit will be held Fork Church on Saturday November 24th at 10.30 Preaching on Sunday 25th by Rev Dr W L. McDowel Union Chapel, at 11 A. M. Every body will be welcome The Second National Bank of Towson The National Business.for Open Bank of Towson opened its doors for business on Tuesday morning. November 20th, with the in officers following W Offutt. Thomas President First Vice- President and Counsel- -Elmer J. Cook. Second Vice President- Harrison Rider. Cashier -Thomas Meads Bookkeeper- George Hoff. The bank first statement, issued on the 12th inst. as follows RESOURCES. $ 21,695.68 Loans and Discounts circulation Bonds 609. Bonds on 7,659 from ap fund with U circul 625.00 cent Expenses in Excess of Earnings 72,250.00 Total Capital stock paid fund Bank Liabilities other than those 12,300.00 stated- Capital Stock not Certified 72,250.00 Total State above Thomas do Bank named statement is true the best my knowledge MEA and before me this 15th MARLEY HIPSLEY. 1906. day of Novem Notary Public Correct- Attest ELMER COOK, THOMAS OFFU HARRISON IDER, Directors The officers of the bank were much please with the first day's business Mr. John Sippel cashier of the Third National Bank of Baltimore. sent handsome horseshoe with good wishes for the success of the bank The directors of the bank are Messrs. Thos W Offutt. Elmer Cook Harrison Rider W Bernard Duke, Robert H Wright. Allen Ste venson, John Yellott, Stuart Kearney, William Lee, Charles H. Knox and George C. Morrison. Cases in the Circuit Court Proceedings have been instituted in the Circuit Court by Mr. Wm. E Upton, through his attorney, Mr Joseph Gunther, for the sale of 831 acres

5. March 21, 1933 The Baltimore Sun Baltimore, MD
Article from The Baltimore Sun, March 21, 1933

Click image to open full size in new tab

Article Text

BALTIMORE, UNION TRUSTS OPEN TODAY Banks Will Function On Five Per Cent. Withdrawals Basis BOTH SET BACK BY Reorganization Plans Of Eastern Shore Trust Company Are Completed today announced receipt of authorization for the reopening of three more Federal Reserve System banks in the Fifth district, bringing the district total of reopened member banks to 274, while 114 remained closed. Banks reopened by authorization received today were the National Bank of Davis, at Davis, W. Va.; First National Bank, at Newport News, Va., and the People's State Bank, at Galax, Virginia. The bank also announced the appointment of conservators for four banks Maryland. They follow: A. Leroy Frederick County National Bank, at Frederick. George A. Fraley, Garrett National Bank, Oakland. Harrison Rider, Second National Bank, at Towson. Samuel P. Cassen, Towson National Bank, Towson. (Continued from Page 20) Mary's county, Mr. Miles said, the company's branches are the only banks operating. Others On 2% Basis Forty-three other county banks are operating on two per cent. withdrawal basis. Five are on five per cent. basis, three on ten per cent. basis. Withdrawals are hibited the case of forty-four county banks. Seventy-six are open hundred per cent. basis. Twenty-five city banks are open on one hundred per cent. basis and eight today will open under restrictions, leaving only three from which withdrawals are prohibited. said $250,000 was involved. Provisions Of Plan Warrants were issued for the arrest The plan, copies which have been Addison Harris, Jr., of Villanova, filed with the State Bank Commisthe president; Arthur B. Dauphinee, sioner, involves: vice-president, and Edwin S. Conro, 1. Organization of new company to called the County Trust Com- the treasurer, both of Philadelphia. pany of Maryland. William D. Gordon, State Secretary Issuance of $10 par common stock of Banking, said number of the company. for share of the charges "relate to alleged misappro$50 par of the East- priation of funds of the Franklin Trust ern Trust for the Company for the purchase of shares new $10 of the proposed stock the Franklin Trust in violaCounty Trust Company. tion of the law forbidding such purInvestment one-third the old chases.' deposits in the new common stock the rate of $33.33 WOMEN DEMOCRATS ELECT share. Transfer of the balance of the old Luncheon Club Names Mrs. Ethel deposits the R. Lorentz President proposed County Trust Company, where that would Mrs. Ethel R. Lorentz was reelected without restrictions. president of the Democratic Women's Sale of $1,000,000 worth of pre- Luncheon Club of yesterferred stock, debentures, the day meeting in the Emerson County Trust Company the ReHotel. Finance Corporation. Mrs. James E. Tippett, Mrs. Henry Mr. Miles' relative to R. Hall and Mrs. Howard Mattingly reorganization plan follows, in part: elected Mrs. EdTo Revalue Assets ward A. named recording "In keeping with the efforts of the secretary; Miss Myra Bangert, correFederal to establish sponding secretary, and Mrs. Gilbert the banks of the country on perma- Brannan, treasurer. nent and our purpose all of the assets of the com- To Address School Group pany in light present-day values Mrs. Alfred Levis, State chairand charge off of our books en- parent education, will address tirely all assets doubtful character Parent-Teacher Association to reduce the book value of all Liberty School, 64, tonight. Her curities to their actual market value subject be "Home Responsibility as March and create capital to Children." Miss Laura Wells structure sufficient size supported principal of the school. by adequate surplus and reserves To Observe Maryland Day against further fluctuations in values The Baltimore Chapter the insure the absolute permanence and of the institution. Daughters of the American Revoluwill celebrate Maryland Day Fri"To do this is necessary first for the to realize that day at the Arundell Club hall. Mrs. must be largely sacrificed. Arthur P. Shanklin is regent of the