8442. United German Bank (Baltimore, MD)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
November 1, 1878*
Location
Baltimore, Maryland (39.290, -76.612)

Metadata

Model
gpt-5-mini
Short Digest
27291267

Response Measures

Partial suspension

Other: Directors filed a deed of trust conveying property to benefit creditors; court petition for receiver filed.

Description

Multiple contemporary reports (Nov 8, 1878) state a run led the United German Bank to suspend payment (30 days' notice). Directors initially announced intent to resume within two weeks, but by Nov 12-13 creditors petitioned for a receiver and a deed of trust was filed to wind up affairs, indicating permanent closure/receivership.

Events (3)
1. November 1, 1878* Run
Cause
Local Banks
Cause Details
Run occurred within the week preceding Nov 8 and followed the suspension of the German Savings Bank in Washington, triggering withdrawals.
Measures
Directors required thirty days' notice to depositors; statement promising to resume payment within two weeks.
Newspaper Excerpt
The suspension was caused by a run on the bank within the past week, which followed the suspension of the German Savings Bank at Washington.
Source
newspapers
2. November 8, 1878 Suspension
Cause
Local Banks
Cause Details
Suspension on Nov 8, 1878, explicitly attributed to a run that followed the suspension of the German Savings Bank at Washington.
Newspaper Excerpt
The United German Bank of this city ... has suspended payment to depositors, requiring the thirty days' notice.
Source
newspapers
3. November 13, 1878 Receivership
Newspaper Excerpt
Conneel for one of the creditors ... filed a petition in court to-day asking for the appointment of a receiver to wind up the affairs ... a deed of trust was filed ... conveying all the property of the concern to a commission for the benefit of the creditors.
Source
newspapers

Newspaper Articles (12)
1. November 9, 1878 The Sun New York, NY
Article from The Sun, November 9, 1878

Click image to open full size in new tab

Article Text

The Suspension of is Baltimore Bank. BALTIMORE. Nov. 8.-The United German Bank of this city, at Post Office avenue and Baltimore street, has suspended payment to depositors, requiring the thirty days' notice. The suspension was cause d by a run on the bank within the past week. which followed the suspension of the German Savings Bank at Washing ton. The Directors held a meeting to-night. and after. ward made a statement to the effect that the deposits amounted to $128,000. no single deposit exceeding $3,000. The nominal assets amount to $212,000, of which $132. 000, consisting of mortgage notes and collaterals, are good. The directors say that, notwithstanding the re quirement of thirty days' notice by depositors, the bank will resume payment within two weeks.

2. November 9, 1878 Evening Star Washington, DC
Article from Evening Star, November 9, 1878

Click image to open full size in new tab

Article Text

SUSPENSION OF THE GERMAN BANK IN BAITIMORE.-The United German Bank, of Baltimore, has suspended payment to depositors, requiring the thirty days' notice. The suspension was caused by a run on the bank within the past week, which followed the suspension of the German Savings Bank at Washington. The directors held a meeting last night and afterward made a statement as follows: The deposits in the bank amount to $128,000, no single deposit exceeding $3,000. The nominal assets amount to $212,000, of which $132,000, consisting of mortgage notes and collaterals, are good. The directors state that notwithstanding the requirement of thirty days' notice by depositors the bank will resume payment within two weeks.

3. November 9, 1878 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, November 9, 1878

Click image to open full size in new tab

Article Text

Bank Suspension, BALTIMORE November 8.-The United German Bank of this city has suspended payment in depositors, requiring thirty day's notice. The suspension was caused by the run on the bank within the past week which followed the suspension of the German Savings Bank at Washington. The dedosite are $128,000. no single deposit exceeding $3,000. The nominal assets are $212,000, of consisting of mortgage notes and collaterals, are good. The Directors state that, notwithstanding the requirement of thirty days' notice, the bank will resume payment within two weeks.

4. November 9, 1878 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, November 9, 1878

Click image to open full size in new tab

Article Text

News of the Day. The City Council of Philadelphia has resolved to compel the telegraph companies to run their wires underground, and to dispense with the posts within the city limits. Mrs. Alexander, on trial at Bridgeport, charged with r participation with Basseit in the murder of Stuttering Joe, has been found guilty of murder in the second degree and sentenced to imprisonment for life. Mrs. A. T. Stewart has offered 8 reward of $25,000 for the recovery of the body of her late husband, stolen from the family vault, in St. Mark's Church graveyard, and conviction of the thieves. A proportionate sum will be paid for the recovery of the body. The United German Bank. of Baltimore, has suspended payment to depositors, requiring the thirty days' notice. The suspension was caused by a run on the bank within the past week, which followed the suspension of the German Savings Bank at Washington. Early this morning a fire broke out in one of the buildings of the Boston Dye Wood and Chemical Company's works in East Boston. and completely destroyed tt including several thousand dollars worth of machinery. Loss, $60,000. Fully covered by insurance. A special from Bellefonte, Pa., says that at half past five yesterday afternoon 3 fire broke out in a small tenement in Chenny Alley in the rear of the Esptist Church. Two children, Agnes and Freddie Jackson, colored, of 5 and 3 years of age respectively, were burned to death. A dispatch from Pembina, Dakota, says W. H. Anderson, the Dallas, Texas, sheriff, in pursuit of William Collins, of the famous band of train robbers in that region, found his man in Pembina this evening, and attempted to arrest him. Collins resisted. and the men ex. changed fire with fatal effect, both dropping dead in two minutes. A fashionable wedding was celebrated in New York Thursday, the contracting parties being Mr. Clarence Cary and Miss Elizabeth M. Pot ter. Mr. Cary, the bridegroom, is a member of an old Virginia family. His mother was a Fairfax, 2 couisio of Dr. John Conteo Fairfax, of Bladensburg, Md. The bride, Miss Elizabeth M. Potter, is thesecond daughter of Mr. How ard Potter, of Brown Brothers & Co., who is a son in law of the founder of that famous house. An attempt was made yesterday in Tonawanda, New York, by the employes of the Buffaio and Lockport Railroad, to lay a track across the New York Central Road. The employes of the latter company resisted. Serious disturbances occurred, and further trouble is expected. Daniel McCool, assistant to Superintendent Burroughs of the Now York Central, has been held to bail for inciting to riot. Sheriff Batten, of Lockport, has enrolled two hundred special depu ies, and the Niagara Light Guards are under arms, and will probably proceed to Tonawanda to protect the relaying of the track.

5. November 9, 1878 The Daily Gazette Wilmington, DE
Article from The Daily Gazette, November 9, 1878

Click image to open full size in new tab

Article Text

A ABALTIMOREBANKIN TROUBLE THE UNITED GERMAN BANK SUSPENDS PAYMENT TO DEPOSITORS. BALTIMORE, Nov. 8.-The United Ger man Bank, of this city, corner of Postoffice avenue and Baltimore street, has suspended payment to depositors. requiring the thirty days' notice. The suspension was caused by a run on the bank within the past week, which followed the suspension of the German Savings Bank at Washington. The directors held a meeting to-night, and afterwards made a statement, as follows: The deposits in the bank amount to $128,000, no single deposits exceeding $3,000. The nominal assets amount to $212,000. of which $132,000 consisting of mortgage notes and collaterals, fare good. The directors state that notwith-tanding the requirement of thirty days' notice by depositors, the banks will resume payment within two weeks.

6. November 9, 1878 New-York Tribune New York, NY
Article from New-York Tribune, November 9, 1878

Click image to open full size in new tab

Article Text

A BANK SUSPENSION IN BALTIMORE. BALTIMORE, Nov. 8.-The United German Bank of this city has suspended payment, requiring the thirty day's notice. The suspension was caused by a run which followed the suspension of the German Savings Bank at Washington. The deposits amount to $128,000. no single deposit exceeding $3,000. The nominal assets amount to $212,000, of which $132,000, consisting of mortgage, notes and collaterals are good. The directora say the bank will resume payment within two weeks.

7. November 14, 1878 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, November 14, 1878

Click image to open full size in new tab

Article Text

Bank Directors Enjoined. BALTIMORE, November 12.-In the Circuit Court to-day, on a petition of the depositors and creditors of the United German Bank, an injunction was granted restraining the directors from making an assignment or otherwise disposing of the credits and assets of the bank. The appointment of a receiver was held under consideration.

8. November 14, 1878 The Kenosha Telegraph Kenosha, WI
Article from The Kenosha Telegraph, November 14, 1878

Click image to open full size in new tab

Article Text

MISCELLANEOUS GLEANINGS. The women of Salt Lake City who oppose the practice of polygamy have issued an address to the women of the United States, reciting the melancholy facts connected with the base uses to which religion has been put in that region, and announcing the contemplated circulation of a petition to Congress, subjoined to which it is hoped may appear the name of every Christian woman in the country. The liabilities of Dodd, Brown & Co., of St. Louis, are $1,700,110; actual available assets, $960,869. The United German Bank, of Baltimore, has suspended payment to depositors, requiring thirty days' notice. Nearly 200 persons have been indicted for illicit distilling in the United States Court for West Virginia. William Loeker, John Grant, Edward Vanibalt and William Richards were drowned at White Haven, Nova Scotia, by the upsetting of a boat. The Secretary of State has addressed a second communication to the United States Minister to England on the subject of the Halifax fishery award. Mr. Evarts takes direct issue with the finding of the Halifax Commission, both as to the amount of the award and the manner in which it was rendered, holding that the sum of $5,500,000 is an outrageous and utterly indefensible price to set upon the benefits of twelve years of fishing in Canadian waters, and that, if paid at all by the United States, it must be regarded as covering the value of those benefits in perpetuity, and not for any term of years; and also making the objection that the adoption of this or any other award by the commission by a bare majority is not in accordance with the terms of that clause of the Washington treaty providing for such a commission, and that the award is therefore not binding upon this Government. Adam Haber, residing near Oshkosh, Wis., visited Germany about three months ago, and news has just been received at his home in Oshkosh that he has been tried and convicted in Germany for speaking disrespectfully of the Emperor William, and sentenced to five years' imprisonment. As he is a naturalized American citizen, the case will be brought to the attention of the German Government by Secretary Evarts. Ex-Gov. Chamberlain, of South Carolina, has signified his willingness to go back to that State and stand a trial on the indictment found against him.

9. November 14, 1878 The New York Herald New York, NY
Article from The New York Herald, November 14, 1878

Click image to open full size in new tab

Article Text

WINDING UP A BANK. [BY TELEGRAPH TO THE HERALD.] BALTIMORE, Nov. 13, 1878. Conneel for one of the creditors of the United German Bank, which suspended payment a few days ago, but promised to resurre in two weeks, filed a petition. in court to-day asking for the appointment of a receiver to wind up the affairs of the concern. The application was not finally adjudicated, but a couple of hours after the petition was entered a deed of trust was filed in the Record Office by the bank officials conveying all the property of the concern to a commission for the benefit of the credi itors.

10. November 15, 1878 The Iowa Plain Dealer Cresco, New Oregon, IA
Article from The Iowa Plain Dealer, November 15, 1878

Click image to open full size in new tab

Article Text

KISCELLANEOUS OLEANINGS. The women of Salt Lake City who oppose the practice of polygamy have immused all address to the women of the United Ninten, reciting the melancholy fucin connected with the linne HICH to which religious liun been jire in that region, need announcing the contemplated circulation of a petition to Congress, subjoined to which it in hoped may appear the name of every Christian woman in the country. The liabilities of Dodd, Brown & Co., of Nr. Louin, are $1,700,110; actual available nota, The United German Bank, of Bultimore, lian misspended payment to depositors, requiring thirty dayn' notice. Nearly 200 persons have been indicted for illicit distilling in the United States Court for West Virginia. William Locker. John Grant. Edward Vauilult and William Richards were drowned

11. November 15, 1878 The True Northerner Paw Paw, MI
Article from The True Northerner, November 15, 1878

Click image to open full size in new tab

Article Text

MISCELLANEOUS GLEANINGS. The women of Salt Lake City who oppose the practice of polygamy have issued an address to the women of the United States, reciting the melancholy facts connected with the base uses to which religion has been put in that region, and announcing the contemplated circulation of a petition to Congress, subjoined to which it is hoped may appear the name of every Christian woman in the country. The liabilities of Dodd, Brown & Co., of St. Louis, are $1,700,110; actual available assets, $960,869. The United German Bank, of Baltimore, has suspended payment to depositors, requiring thirty days' notice. Nearly 200 persons have been indicted for illicit distilling in the United States Court for West Virginia. William Loeker, John Grant, Edward Vanibalt and William Richards were drowned at White Haven, Nova Scotia, by the upsetting of a boat. The Secretary of State has addressed a second communication to the United States Minister to England on the subject of the Halifax fishery award. Mr. Evarts takes direct issue with the finding of the Halifax Commission, both as to the amount of the award and the manner in which it was rendered, holding that the sum of $5,500,000 is an outrageous and utterly indefensible price to set upon the benefits of twelve years of fishing in Canadian waters, and that, if paid at all by the United States, it must be regarded as covering the value of those benefits in perpetuity, and not for any term of years; and also making the objection that the adoption of this or any other award by the commission by a bare majority is not in accordance with the terms of that clause of the Washington treaty providing for such a commission, and that the award is therefore not binding upon this Government. Adam Haber, residing near Oshkosh, Wis., visited Germany about three months ago, and news has just been received at his home in Oshkosh that he has been tried and convicted in Germany for speaking disrespectfully of the Emperor William, and sentenced to five years' imprisonment. As he is a naturalized American citizen, the case will be brought to the attention of the German Government by Secretary Evarts. Ex-Gov. Chamberlain, of South Carolina, has signified his willingness to go back to that State and stand a trial on the indictment found against him.

12. November 16, 1878 The Baltimore County Union Towson, MD
Article from The Baltimore County Union, November 16, 1878

Click image to open full size in new tab

Article Text

The United German Bank, a savings institution located at the corner of Baltimore street and Postoffice avenue, has suspended. The liabilities are placed at $128,000 due to depositors, and the assest at $212,000, $60,000 of which are supposed to be worthless. The bank was largely interested in building associations and was thought for some time to be shaky.