8366. Farmers Trust Banking & Deposit Company (Baltimore, MD)

Bank Information

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

Metadata

Model
gpt-5-mini
Short Digest
cd11241c

Response Measures

None

Description

Multiple contemporaneous articles (Oct 9–10, 1907) report receivers were appointed for the Farmers' Trust, Banking and Deposit Company of Baltimore. Causes cited in the press are tightness of money and inability to realize on securities. No article describes a depositor run prior to suspension; the corporate receivership indicates permanent closure. OCR variants corrected (e.g., Farmers' Trust, Banking & Deposit Company).

Events (2)
1. October 9, 1907 Receivership
Newspaper Excerpt
Receivers were appointed 0for the Farmers' Trust, Banking and Deposit Company; the receivers are Beverly W. Mister and E. S. Johnson, both of whom qualified by filing a bond for $100,000.
Source
newspapers
2. October 9, 1907 Suspension
Cause
Macro News
Cause Details
Tightness of the money market and inability to realize on securities cited as reason for the company's embarrassment and suspension (market liquidity conditions).
Newspaper Excerpt
Receivers today were appointed on the application of Alexander H. Robertson, with the assent of the company for the Farmers' Trust, Banking and Deposit company of this city.
Source
newspapers

Newspaper Articles (10)
1. October 10, 1907 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, October 10, 1907

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Article Text

DUE TO TIGHT MONEY. Whole String of Banks in a Collapse in Maryland. Baltimore, Oct. ).Receivers have been appointed on the application of Alexander H. Robertson, with the assent of the company for the Farmers' Trust Banking and Deposit company of this city. The receivers are Messrs. Beverly W. Misster and E. S. Johnson, both of whom qualified by filing a bond for $100,000. Tightness of money is given as the cause of the embarrassment of the stitutions at Galena, Md., under the stitutions at Galena, Md.; under the name of Galena Bank; Darlington, Md., under the name of Darlington Bank; Keedysville, Md., under the name of Keedysville Bank; Mount Airy, Md., under the name of the Mount Airy Bank, and at Hancock, Md., under the name of the Washington County Bank. Officials decline to make any statement of financial condition of the company.

2. October 10, 1907 Arizona Republican Phoenix, AZ
Article from Arizona Republican, October 10, 1907

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Article Text

BALTIMORE BANK. Passed Into the Hands of Receivers Yesterday. Baltimore, Oct. 9.-Receivers today were appointed on the application of Alexander H. Robertson, with the assent of the company for the Farmers' Trust Banking and Deposit company of this city. The receivers are Messrs. Beverly W. Mister, and E. S.Johnson, both of whom qualified by filing a bond of $100,000. The tightness of money is given as a cause of the embarrassment of the company which conducted banking institutions in several towns in Maryland. Officials decline to make any statement of the financial condition of the bank.

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

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Article Text

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

4. October 10, 1907 The Marion Daily Mirror Marion, OH
Article from The Marion Daily Mirror, October 10, 1907

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Article Text

Receivers for a Bank are Named. Baltimore, Oct. 10.-Receivers were appointed Wednesday for the Farm. ers' Trust, Banking and Deposit Co. of this city, Tightness of the money market is given as the cause of the embarrassment of the company, which conducted banking institutions in five towns in Maryland.

5. October 10, 1907 Los Angeles Herald Los Angeles, CA
Article from Los Angeles Herald, October 10, 1907

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Article Text

BALTIMORE BANK IN HANDS OF RECEIVER Farmers Trust and Deposit Company, Conducting a Wide Business in the State, Seriously Embarrassed By Associated Press. BALTIMORE, Oct. 9.-Receivers were appointed today on the application of Alexander H. Robertson with the assent of the company for the Farmers Trust, Banking and Deposit company of this city. The receivers are Messrs. Beverly W. Mister and E. S. Johnson, both of whom qualified by filing a bond for $100,000. Tightness of money is given as the cause of the embarrassment of the company, which conducted banking institutions in several towns in Maryland. Officials decline to make any statement of the financial condition of the bank.

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

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Article Text

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

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

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Article Text

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

8. October 18, 1907 The Midland Journal Rising Sun, MD
Article from The Midland Journal, October 18, 1907

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Article Text

Banking Company Fails. The Farmer's Trust, Banking and Deposit Company, of Baltimore, last Wednesday, went into the hands of receivers, owing, it is said, to the tightness of money market. Messrs. Beverly W. Mister and Eldridge S. Johnson were appoint ed receivers and filed $100,000. This company has established a number of banking institutions throughout the State, among them the Darlington Bank, at Darling. ton, Harford county. Mr. Charles A. Andrew, of Conowingo, is one of the directors of the company, and is the president of the Darlington Bank. Although no statement has been made, it is said that depositors will be paid in full, but that the stockholders will lose all their investment.

9. March 4, 1908 Evening Star Washington, DC
Article from Evening Star, March 4, 1908

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Article Text

District Supreme Court. EQUITY COURT NO. 1-Chief Justice Clabaugh. Langsburgh agt. Parker; appearance of absent defendant ordered: plaintiff's solicitors, Keppler 5/8 Merillat and Wolf & Rosenberg. Lewis agt. Interstate Printing and Engraving Company: pro confesso ordered: complainant's solicitors, H. G. Kimball and E. P. Morey. Dulany agt. Waggaman; time to make sale extended: complainant's solicitors, Maddox & Gatley: defendant's solicitors, R. Ross Perry & Son. Roche agt. Roche: sale decreed, with George Francis Williams, trustee, t sell; bond, $5,000: complainant's solicitor, George F. Williams. Von Ringharz agt. Reily: auditor's report confirmed; complainant's solicitor, Leigh Robinson. Seiler agt. Buckley: cause dismissed with costs; appeal noted; bond $100; complainant's solicitors, Ambrose & Merillat; defendant's solicitor, G. W. Drew. Webb agt. Webb: divorce a vin. mat. granted: complainant's solicitors, Campbell Carrington and S. D. Truitt; defendant's solicitor, H. B. Moulton. In re Farmers' Trust, Banking and De. posit Company of Baltimore: receiver authorized to sell and sale ratified nisi; petitioner's solicitors, Maddox & Gatley. Dobson agt. Dobson; re referred to OXaminer; complainant's solicitor, George W.

10. November 19, 1908 Evening Star Washington, DC
Article from Evening Star, November 19, 1908

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Article Text

FARMS. FOR SALE-13%-ACRE FARM. NEAR CHAIN bridge: improved by small house. Apply between 9 and 12 morning, or phone Main 5587 during same hours. E. W. MCINTIRE. 224 C st. N.W. no14-6t LEGAL NOTICES. SUPREME COURT OF THE DISTRICT OF Columbia. holding Probate Court.-No. 15614. Administration.-This is to give notice that the subscriber of the District of Columbia has obtained from the Probate Court of the District of Columbia letters testamentary on the estate of Isabella H. Morrison, late of the District of Columbia. deceased. All persons having claims against the deceased are hereby warned to exhibit the same, with the vouchers thereof, legally authenlicated. to the subscriber. on or before the 17th day of November. A.D. 1909: otherwise they may by law be excluded from all benefit of said estate. Given under my hand this 17th day of November. 1908. HELEN MORRISON HALL. 2811 14th st. D.W. (Seal.) Attest: JAMES TANNER, Register of Wills for the District of Columbia, Clerk of the Probate Court. RICHno19-1aw-3t ARD A. FORD. Attorney. MADDOX & GATLEY. ATTORNEYS.-IN THE Supreme Court of the District of Columbia.-In the matter of the Farmers' Trust. Banking and Deposit Company of Baltimore.-Equity No. 27402.-This cause being referred to me to state the account of the receivers and distribution of the funds in their hands, I will proceed with the reference on Wednesday. November 25, 1908. at the rooms of the auditor In the U. S. courthouse, Washington, D. €., at 10 o'clock a.m. All persons having claims against the said corporation are notified to present the same at the said time and place. JAMES G. PAYNE, Auditor. no5-1aw.3t