8314. Bank of South Baltimore (Baltimore, MD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 24, 1898
Location
Baltimore, Maryland (39.290, -76.612)

Metadata

Model
gpt-5-mini
Short Digest
7561217d

Response Measures

None

Description

Multiple newspapers (Feb 24–25, 1898) report Judge Sharp appointed Simon P. Schott receiver for the Bank of South Baltimore with assets ~ $120,000 and liabilities ~$170,000. Articles describe a cash shortage and deficit; no article mentions a depositor run prior to the receivership. Therefore this is a suspension leading to permanent closure (receiver appointed).

Events (1)

1. February 24, 1898 Receivership
Newspaper Excerpt
Judge Sharp today appointed Simon P. Schott receiver of the Bank of South Baltimore. The assets are estimated at $120,000, the liabilities at $170,000. There is a cash shortage of $4,700 and an obvious deficit of $9,762.
Source
newspapers

Newspaper Articles (10)

Article from Santa Fe New Mexican, February 24, 1898

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Article Text

Baltimore Bank Smash. Baltimore, Feb. 24.-Judge Sharp today appointed Simon P. Schott receiver of the Bank of South Baltimore. The assets are estimated at $120,000, the liabilities at $170,000. There is a cash shortage of $4,700 and an obvious deficit of $9,762, produced by the shrinkage of values. The larger portion of the deposits, amounting to $130,000, are by poor persons.


Article from Las Vegas Daily Optic, February 24, 1898

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Article Text

Bauk in Bad Shape. BALTIMORE, Feb. 24.-Judge Sharp today appointed Simon P. Schott receiver of the Bank of South Baltimore. The assets are estimated at $120,000 with liabilities of $170,000. 'I here is a cash shortage of $4,700, and an obvious deficit of $9,763, produced by the shriukage of values. The larger portion of the deposits, amounting to $100,000, are by poor persons,


Article from Alexandria Gazette, February 24, 1898

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Article Text

Receiver Appointed. BALTIMORE, Feb. 24.-Judge Sharp to-day appointed Simon P. Schott receiver for the Bank of South Baltimore. The assets are estimated at $120,000, and the liabilities at $170,000. There is a cash shortage of $4,700 and an obvious deficit of $9,762.23, produced by shrinkage of values. The larger portion of the deposits amounting to some $130,000 are by poor persons.


Article from Richmond Dispatch, February 25, 1898

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Article Text

RECEIVER FOR BALTIMORE BANK. Cash Shortage of $4,700 and Obvious Deficit of $9,762. BALTIMORE, February 24. -Judge Sharpe to-day appointed Simon P. Schott receiver for the Bank of South Baltimore, on Light street, near Hughes. The assets are estimated at $120,000, and the liabilities at $170,000. The bond is for $200,000. There is a cash shortage of $4,700, and an obvious deficit of $9,762.33, produced by shrinkage of values. The larger portion of the deposits, amounting to $130,000, were made by poor persons.


Article from The News & Observer, February 25, 1898

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Article Text

BANK RECEIVER APPOINTED. Baltimore, Md., Feb. 24.-Judge Sharp today appointed Simon P. Schott receiver for the Bank of South Baltimore, on Light street, near Hughes. The assets are estimated at $120,000 and the liabilities at $170,000. The bond is for $200,000. There is a cash shortage of $4,700. and an elvious deficit of $9,702.33 produced by shrinkage of values. The larger portion of the deposits amounting to some $13,000 are by poor persons.


Article from The Copper Country Evening News, February 25, 1898

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Article Text

Bank Receivers Appointed. Baltimore, Feb. 25.-Judge Sharp has appointed Simon P. Schott receiver for the Bank of South Baltimore, on Light street, near Hughes. The assets are estimated at $200,000. There is a cash shortage of $4,700 and an obvious deficit of $9,762.23, produced by shrinkage of values. The larger portion of the deposits, amounting to some $130,000, are by poor persons.


Article from The Salt Lake Herald, February 25, 1898

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Article Text

POOR DEPOSITORS LOSE MOST. Bank Failure In Baltimore With Large Liabilities. Baltimore, Md., Feb. 24.-Judge Sharp today appointed Simon P. Schott receiver for the Bank of South Baltimore, on Light street. The assets are estimated at $120,000 and the liabilities at $170,000. The bond is for $200,000. There is a cash shortage of $4,700 and obvious deficit of $9,762, produced by shrinkage of values. The larger portion of the deposits, amounting to $130,000, are by poor persons.


Article from The Anaconda Standard, February 26, 1898

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Article Text

Poor People Lose. Baltimore, Feb. 24.-Judge Sharp to-day appointed Simon P. Schott receiver for the Bank of South Baltimore. The assets are estimated at $120,000 and liabilities at $170,000. The larger portion of deposits, amounting to $130,000, are by poor persons.


Article from Pullman Herald, March 5, 1898

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Article Text

# NEWS THROUGH THE WEEK NEWS AT HOME AND ABROAD. Items of Information Gathered From a Wide Area-Political Happenings and Industrial Notes-Crimes and Accidents. The report comes from Wisconsin that one of the largest timber deals ever made in the United States will be closed within two weeks. The property is one billion feet of sugar pine on the Klamath river, in northern California. The consideration will be something like $1,000,000. Representative Barrett of Massachusetts has introduced a resolution allowing the naval affairs committee to incorporate in the naval appropriation bill an appropriation not to exceed $5,735,000 for new dry docks or extensions to existing ones at New York, Norfolk, Port Royal, New Orleans and Mare Island, Cal. It is reported from Brenham that the agents of McFadden Bros. of Philadelphia, one of the world's great cotton firms, have been instructed to stop buying cotton. The same notification is said to have been sent to all their hundred or more agents in Texas. Inquiries are said to have brought the answer that it was because of the Cuban complications. This has caused a considerable flurry among the local cotton men. News has been received of the death at Beyrut, Syria, of Mrs. Emily R. Montgomery, a missionary, aged 59 years. She went to Turkey with her husband 30 years ago, and has been one of the most devoted and efficient missionaries in that country. While resisting arrest at Baker City, Ore., William S. Johnson, alias "Omaha Bob," was shot by Officer Bailey and mortally wounded. Johnson was walking through the streets at midnight threatening to clean out the town when the officer attempted to arrest him. William Chenery, cashier of the Portland, Me., postoffice, who died last Friday, was short $6000 in his accounts, according to postoffice inspectors who have just examined the accounts Mr. Chenery has held the position of cashier about 40 years, and had never been suspected of speculation. Judge Sharp, at Baltimore, Md., has appointed Simon P. Schott receiver for the Bank of South Baltimore. The assets are estimated at $20,000 and liabilities at $170,000. The larger portion of the deposits, amounting to $130,000, are by poor people. It is announced that the woolen commission house of Sawyer, Manning & Co. of New York is in financial difficulties, caused by the failure of the Berlington Wooten Company, the Winnooski Worsted Company and the Colchester woolen mill, for which receivers were appointed in Boston Monday. Sawyer, Manning & Co. are said to have indorsed paper for these concerns to the amount of $1,000,000. The Canadian government has decided to permit Canadian goods to be shipped from Vancouver and Victoria in American vessels free of duty by St. Michaels to the Yukon for the coming season. An order to this effect has been sent to the customs office on the coast. The order applies to the Yukon route by St. Michaels, and does not include Skaguay or Dyea. Charles Henson was divorced at Belleville, Ill., from his wife, Miranda, and within an hour married to a Chickasaw Indian girl from Wyandotte, I. T. Advices from the City of Mexico state that all the employes of the large Colmena & Barron cotton factories have gone on a strike because of a cut in wages. Steve Bilheimer has been appointed chief clerk of the railway mail service, with headquarters at Little Rock, to succeed B. D. Lydick. The new clerk has been in the service 18 years. W. J. Scanlan, the actor, familiarly known as "Billy," died at Bloomingdale asylum, New York City. Scanlan was stricken with paresis six years ago, and was removed to the asylum. He never recovered from the attack and for three years has been a hopeless imbecile. A rich deposit of lead ore has just been discovered on the farm of Victor Hilton, near Nashville, Ill. The ore crops out on top of a high bluff, and the pieces broken off assay almost 95 per cent pure lead. Rev. Sam Jones arrived at his home at Cartersville, Ga., from his western lecture tour and announced himself an independent candidate for governor of Georgia on a platform of his own, which he will announce shortly. Captain Oldrieve, who is planning to walk across the Atlantic ocean from Boston to Havre, France, will begin his journey July 4. He will wear on his feet a pair of cedar boxes five feet long, with fins at the bottom and sides. They are very light, but strong enough to sustain his weight. In these he is able to walk over choppy seas, and even in heavy swells of the ocean. Captain A. W. Andrews will accompany him in a small boat. Fire has destroyed the large flour mill of Cargill and Fall at Houston, Minn. The capacity of the mill was 750 barrels a day.


Article from The Kootenai Herald, March 5, 1898

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Article Text

NEWO THROUGH THE WEEN NEWS AT HOME AND ABROAD. Items of Information Gathered From a Wide Area-Political Happenings and Industrial Notes-Crimes and Accidents. There are now at the Mare Island navy yard the Charleston, Yorktown, Philadelphia, Pensacola, Hartford and Adams. A number of mechanics who have been at Port Orchard have returned and will assist in rushing to completion repairs to the various ships at the yards. The American Ordnance Company of Bridgeport, Conn., has received by tele1 graph from its vice president at Washingan er order is for ton Hotchkiss order for guns. 40 rapid-firing The six-pound- quick 1 delivery and the guns will all be delivered in about three months. a Representative Shafroth of Colorado has introduced a bill in congress granting O to the respective states in which they are r situated all arid lands of the United States not held for military or Indian reservations or other public purposes. d These are designed to be lands which are n not mineral, which will produce crops )only by artificial irrigation. d Major General Snowden, commander of u the National Guard of Pennsylvania, has d issued general orders to every officer in W the state to recruit his command up to the full quota required by law. The orr'ders were issued five days ago, with ink structions that they be kept a profound secret. The officers were instructed to have their men ready to march fully armed and equipped at 24 hour s' notice. XEmile Zola has been found guilty in he Paris on all charges and sentenced to one y year imprisonment and to pay a fine of 3000 franes. k, Perrieux, manager of the Aurore, in which paper Zola published his charges against the martial, the conduct condemned of Esterhazy to court was four ay months' imprisonment and to pay 3000 it francs fine. go The report comes from Wisconsin that his one of the largest timber deals ever made is in the United States will be closed within so two weeks. The property is one billion of feet of sugar pine on the Kiamath river. me is in northern California. The consideration en will be something like $1,000,000. for William Chenery, cashier of the Port ion land, Me., postoffice, who died last Friwill siday, was in his aca to who have cording examined short postoffice $6000 inspectors accounts, just the accounts Mr. Chenery has held the position of cashier about 40 va, years, and had never been suspected of ith peculation. ein Judge Sharp, at Baltimore, Md., has appointed Simon P. Schott receiver for the Bank of South Baltimore. The assets are estimated at $20,000 and liabilities at $170,000. The larger portion of the de eet. posits, amounting to $130,000, are by pool and and people. ovNews has been received of the death at kes Beyrut, Syria, of Mrs. Emily R. Mont is a gomery, a missionary, aged 59 years. She np, We went to Turkey with her husband 30 Try years ago, and has been one of the mos hoe devoted and efficient missionaries in that rial country. ImWhile resisting arrest at Baker City Ore., William S. Johnson. alias "Omaha felBob," was shot by Officer Bailey and mor tally wounded. Johnson was walking through the streets at midnight threat us ening to clean out the town when th easgth. officer attempted to arrest him. PhilRepresentative Barrett of Massachus etts has introduced a resolution allowin the naval affairs committee to incorpor rays ate in the naval appropriation bill an a propriation not to exceed $5.735.000 new dry docks or extensions to existin ones at New York, Norfolk, Port Roya New Orleans and Mare Island. Cal. It is reported from Brenham that th 8 agents of McFadden Bros. of Philadelphia one of the world's great cotton firms. hav been instructed to stop buying cotton. Th same notification is said to have bee om sent to all their hundred or more agent ats, in Texas. Inquiries are said to hav ( ell. brought the answer that it was because orrthe Cuban complications. This has cau m's ed a considerable flurry among the loca fier cotton men. wo-