8455. Farmers & Merchants National Bank (Bel Air, MD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
9474
Charter Number
9474
Start Date
July 1, 1909
Location
Bel Air, Maryland (39.535, -76.346)

Metadata

Model
gpt-5-mini
Short Digest
a40885f6

Response Measures

None

Receivership Details

Depositor recovery rate
90.4%
Date receivership started
1933-10-11
Date receivership terminated
1938-06-27
Share of assets assessed as good
52.6%
Share of assets assessed as doubtful
35.3%
Share of assets assessed as worthless
12.1%

Description

The articles show the bank opened July 1, 1909, and was placed in receivership by the U.S. Treasury Department on 1933-11-03 to wind up its affairs. No contemporaneous run is described in the supplied items, so this is classified as a suspension/closure by government action (receivership).

Events (4)

1. July 1, 1909 Other
Newspaper Excerpt
The new Farmers and Merchants National Bank, of Bel Air, opened its doors for business on the 1st instant.
Source
newspapers
2. July 6, 1909 Chartered
Source
historical_nic
3. October 11, 1933 Receivership
Source
historical_nic
4. November 3, 1933 Receivership
Newspaper Excerpt
Major Robert H. Archer has been appointed receiver for both the Second National Bank and the Farmers and Merchants National Bank, of Bel Air. This action was taken by the Treasury Department for the purpose of winding up the affairs of these two institutions.
Source
newspapers

Newspaper Articles (3)

Article from The Midland Journal, July 2, 1909

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Article Text

TOWN AND COUNTY. Short Paragraphs of Events in the County During the Past Week LOCAL HAPPENINGS BRIEFLY NOTED The tax rate for the town of Havre The cherry crop. while not as heavy as Grace for 1909, is 60 cents on the $100. last year is a good one. The ice cream and soda water business Falling from a tree, 12-year-old Frank Scarborough fractured a limb, at Childs. has been thriving during the present heated The gross receipts of the festival held last week by Nottingham cornet band C. T. Snyder has shipped his merry-gowere about $180. round to Betterton, where it will be set up and operated. The 154-acre farm of Jos. Fisher, near Kirkwood, Del., has been purchased by G. G. Hopkins had the misfortune to J. F. Elliott, for $5,200. lose a horse from cebro-spinal meningitis Monday night. According to the Insurance Press the life insurance paid in Maryland last year Monday, July 5, 1909, will be observed amounted to $7,000,000. as a legal holiday by the National Bank of Rising Sun, as July 4th falls on Sunday. The Ladies Auxiliary Committee of Union Hospital, Elkton, netted $127. by The hay and wheat harvest began in the festival held last week. this section last week, and now in full swing. Both crops are reported to be James A. Lee has bought the Thomas average ones. Y. Wroth farm in Quaker Neck, Kent county, containing 172 acres, for $11,300. Plenty of daisies and hite-top in the grass this year. Farmers say this should The Pennsylvania Railroad Company be cut before the stalk woody and has decided to run its annual excursions stock will eat it. to Tolchester, on July 21, August 4 and 18. Mrs. Ella Pyle has purchased from E. George W. Williams, of Seventh disH. Reynolds, the lot on Cherry street adtrict, has announced himself a candidate joining her property, upon which the for the Democratic nomination for House merry-go-round of C. T. Snyder at present of Delegates. stands. The Cherry Hill Citizens Band will hold The Glorious Fourth falls on Sunday, an ice cream festival on the school house and as a consequence Young America grounds, Friday and Saturday evenings, will celebrate on two days, Saturday and July 9 and IO. Monday, this year, instead of one day as The Red Men's Cornet Band, of North customary. East, will hold a festival on Simper's lot, All persons interested in the grave yard in that town, on Friday and Saturday at West Nottingham are requested to meet evening, July 2 and 3. with Friends preparative meeting in The "Pentecostal Church of the NazaRising /Sun next Sabbath 4th inst., at rene" will hold a "Holiness Campmeetusual meeting hour. ing at Copson Park, near North East, The King's Daughters, of North East, from July 15th to the 25th. will pay for and maintain one of the two One of the largest verdicts of the kind beds in a private room at Union Hospital, rendered for some years in Balto. Co. has Elkton. The ladies of Elkton M. E. been obtained by John C. McComas for Church have assumed the expense of the $8,000 against Wm. Wilson. other bed. Bitten on one hand by a pet dog, a Owen Murphy, of Charlestown, was the three year old son of Parker Mitchell, of first heat victim in Cecil county, being Havre de Grace, was sent to the Baltimore prostrated on Sunday and death occurring Pasteur Institute for treatment. in a few minutes. The deceased was 72 The Executive Committee of the Philyears of age, and is survived by several children. adelphia Milk Shippers' Union has fixed the wholesale price of milk for July at 4 W. T. Warburton, president of the cents a quart for Chester county. Second National Bank of Elkton, was elected one of the vice-presidents of the The directors of the First National Bank of Havre de Grace have declared-a semiMaryland Bankers' Association, at the annual meeting held at Blue Mountain annual dividend or four per cent. clear of House last week. taxes payable on or after July Ist, 1909. Kicked in the face by a horse, on SaturTwenty thousand black bass, consigned to members of the Chester County Game day, Wilbur Maxwell, of West Nottingham, was painfully injured. Albert and Fish Protective Association, have Blackburn suffered a similar injury the beed placed in Brandywine and Ridley Creeks. same day, having several teeth knocked out by a kick from a horse. Evan L. Deckman, of Dublin, Harford The Commissioners of Rising Sun have county, has applied for the benefit of the been engaged for the past month in rebankrupt law through H. A. Whitaker, vising the tax list of the town, separating attorney. His liabilities are stated at real and personal property, and when the $500 with no assets. work is completed it will show a material The ballots cast at the November elec increase in the taxable basis here. tion were taken to the Radnor Pulp Mill, in Elkton last week, and burned in the The Cecil County Commissioners have presence of the Orphan's Court Judges, made the following appropriations to inthe Supervisors of Election. corporated towns Elkton, $600; Perryville, $175; Cecilton, $250; Charlestown, Wednesday, July 21, will be Governor's $100; North East, $250; Rising Sun, $400; Day at the brigade encampment of the Port Deposit, $550; Chesapeake City,$325. Maryland National Guard, to be held on the almshouse farm, near Westminster, A lawn fete will be held on Saturday from July 18 to 25 inclusive. evening, July 10, at the residence of Mrs. Margaret E. Dunn, near Pilot, for the Hopewell M. E. church, Woodlawn, benefit of Pilot M. E. church. Ice cream, Rev. J. Howard Gray pastor. Sabbath cake, lemonade, etc., on sale. A handservices July 4; Sunday School at 9:30. some quilt will be awarded to the person Preaching at 10:30. Epworth League and holding the lucky number. preaching at 8 p. m. Preaching at Asbury at 3 m. All welcome. Fire originating among some Fourth of The new Farmers and Merchants NatJuly goods in the store of Walter H. ional Bank, of Bel Air, opened its doors Taylor, at Elkton, Monday evening did considerable damage. The Singerly Fire for business on July I. The Board of Directors is composed of eleven members. Company responded to the call and soon Col, Otho S. Lee has been chosen presiextinguished the flames. More damage was done really by smoke and water than dent, Wm. E. Robinson, vice-president, Clinton L. Reckord, cashier and C. by the flames. Webster Whistler, bookkeeper. J. Willett Ewing, of Calvert, attended Each Democratic candidate at the rethe Grand American Handicap target cent democratic primaries in Baltimore shoot, at Chicago, last week, one of the and Harford counties were assessed as most important shooting events in the follows: Baltimore county-Clerk of the United States. The best shots in the Circuit Court, $405; sheriff, $135; treascountry participated in the contest. urer. $135; county commissioner, $81; Ewing was among the first twenty of the surveyor, House of Delegates, 12 1/2. five hundred contestants, with a score of Harford county-Clerk, $25; treasurer, 91 out of 100. 20; senator. $25;;sheriff, $20; House of Delegates, $10; county commissioner, $5. The extended heated term, which conThe report is now that Conowingo tinued all last week, was broken Sunday bridge, which was destroyed by fire in evening by one of the heaviest electric June, 1907, and is being rebuilt, will be storms that has visited this section. The opened to travel on September I. This is downpour of rain soon converted small good news not only to the residents of streams into torrents that overflowed their Upper Cecil and Harford, but will be of banks. Fields and roads were badly interest to automobilists as well, as the washed, the damage being considerable. bridge is a connecting link on a route that The gusts on Friday afternoon were is almost a direct line from New York and heavy ones, but the rainfall did not comPhiladelphia to Baltimore and Washington. pare to that of Sunday evening.


Article from The Baltimore County Union, July 3, 1909

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Article Text

Mr.J. Fred.Smith, in Waverly on Sunday last. was the second son of the late George A. Smith, Gittings avenue, V Checke W Jo brother B pue jo years CT SUM H Providence. Jo "If Sainth Janual ] pus eas ->A man in Illinois has trained a flock of common ducks to eat potato bugs and be hires them out to his neighbors at dollar day per head to clean up the pests in their patches. The all ducks other were feed taught from to eat them. the bugs by ping Contracts for building 20 concrete bridges and culverts were awarded by the Highways Commission on Thursday at total cost of 0093 of 0918 JJ011 COSL IIIM They 000'28 JOJ 12. for 8 each. and W Fisher & Stover Carozza received the contract The electrical storms of last Saturday and Sunday nights brought good deal of rain with them. but they didn't afford any relief from the heat. In fact it was hotter after the rains pio what pus before SUM 11 Pleaty SUM sn 01 PIP Some fellow is driving a large drabcolored motorcar on the Joppa road at night without any lights, either fore or aft. He has been seen several times lately, but he hasn't pood B eq 11 yet имор Apoq SUB uns breaker this Joj шль 01 Liques The death of Joshua Talbott Whittle. which occurred last week, removed from earth the last of the four men who served in his office when he wassheriff of county The other three were George W. Feelemyer, Eugene Burke and John - The plan to issue bonds for road improvement in Baltimore county has many warm advocates and the next Legislature will before necessary the seed 01 pezin eq thing can be done towards carrying out the ideas of the men behind the movement. Mr. John Ridgely, of Hampton, started three binders in 100 acres of wheat on Tuesday morning. Someone whosaw his growing crop said he ought toget 000 bushels. That means an all around yield of 30 bushels to the acre, acreese us large OS JJ01J result 919 which -oddo ou peq oqm Cole 'd milliam W sition for the Clerkship nomination in the Democratic primary last Saturday, received 5,901 votes, while Mr. N. Bosley Merryman, candidate for County Treasurer, who had two candidates against him, received 4,517 votes Mr Joshua G. Bosley of the 8th district, and Surveyor County JOJ candidate 8 SEM очм the Democratic primary, feels very grateful to the 631 citizens who cast their votes for him on Saturday He says he knew he had no chance to win, but would not retire under fire. -> Permission has been received from the Comptroller of the Currency for Vhite Hall National Bank, at White Hall, C. Railroad. uo business beauting IIIM # pus dn start 01 Vednesday, July 7th. Mr. Samuel W Black is president and Mr. C. Evans Wiley, cashier. Towson baseball team beat the Waverly Satur- 1881 [atter the JO spunors the uo team day afternoon, 5 to 4. The weather was very hot and so was the contest as the Waverlys are always a stiff proposition. This victory put the League. Highlanders at the head of the Suburban - The Towson property of the late Mrs Eudocia Stansbury, now being advertised in THE UNION, will be sold at public sale, on the premises, on Vednesday, July 7th, o'clock M. It is well located and the sale is worthy of executor. attention. Gen. Andrew C. Trippe is the Farmers have been in the midst of the wheat harvest this week and we imagine that s! state 11 JO Intile Very MOU 81 there believed that the crop in this county will be a very good some instances unusually able be IIIM OM bening thresbing Mile to report results. The natural gas question isstill agitating Baltimore, and while most people believe it would be good thing for the city to get the natural article, yet they think they ought to get it at price that will be just to themselves well as to the company, which has named cts. per ,000 feet as the lowest. Charles F Reign, who committed suicide at his home in Baltimore on Tuesday by shooting himself, was a brother of Mr. Eugene Reign, one of the carriers attached to the Tow become peq ble thought s! 7I postorite uos deranged by the heat. The man, Junity ] 'ere Jo years 09 SUM oqu The 'hot spell' of the month just ended made very unpleasant record for June. The first half of the month there was rain nearly every day, and the last half was 80 blistering The allmost ejil male 01 SB tot month the poets like to write about utterly Year. this reduction its dn beep 01 a The funeral of Mr. John Slade, which C. took place at his late residence at Corbett, N. R. R., on Friday morning of last week, drew together large concourse of sorrowing relatives and friends. It was the general opinion that the community had lost useful citibe uoos you pinom place mbose euo pus uez - With this issue the publication of the county statement of expenses is completed 07 able eq age II!M ФМ bereafter pus full quota of reading matter. The publication of this statement at this season affords little respite to the employees of THE UNION, who their have few labors opportunities for a relaxation from - The new Farmers and Merchants' National Bank of Belair, which is located in the Masonic Temple, opened its doors for business on the 1st instant. Col. Otho S Lee is president and Mr. Clinton L. Reckord, cashier. Mr. W. O. B. Wright, popular business man of Fork, board of Baltimore directors. county, is a member of the Mr. Grafflin Cook, of Baltimore, was Supeeds JOJ 028 shas mej costs pus 099 peuy his the Charles Street Boulevard. He ran into a carriage and threw the occupip by that Fanth his you SBM 1! pus not sjusd not kill them. After doing the damage he put on has speed and ran away. Of course everybody their opinion of man like that. Mr. Howard L. Rider, ho owns some valuable property at Sherwood, N R. R., Punity pus Joj that Suijds " do has can hardly be surpassed. It flows over 200 oqm chermist the pus minutes the 01 Ballons 'eind absolutely !! " SAUS # a lately s! Suijds Riders Mr. that pies s! 4] quit committre entire the Alddns 07 quotable Water. An Old Firm Makes an Assignment.Upon the complaint of Harry and with the consent of the corporation, Mr. William Brien, Jr., has been appointed receiver for E. Cox, Son & Co., proprietors of the Imperial Stables, 1005 to 1021 North Eutaw street, Baltimore. Mr. Cox, who is president of the company, also made an assignment for the benefit Assee trustee. SE Brien N 01 creditors JO ceiver and trustee Mr. 0' Brien filed separate bonds for $25,000 each. In his bill of complaint for theappointment of receiver Mr. Cox stated that the company, anthorized us THE 1 SUM which capital stock of $50,000, is insolvent. A great part of the indebtedness of the company, he also alleged, is pressing, and its business was in danger of being interrupted by the institution of value of suits, its which assets. would greatly depreciate the In its answer, filed through Attorney Isaac S. George, the company admitted the allega Brien O "IN complaint Jo 1119 the u! thons was attorney for Mr. Cox in the proceeding pus JO 8 SI x00 a creditor in the sum of $11,042. Mr. O' Brien JO us првш Cox N that explaine his individual property for the benefit of his creditors for the purpose of preventing it being sacrificed. Mr. Cox is perfectly solvent, Mr. O' Brien said, and bis assets are worth at least $20 000 more than his liabilities. Among his assets, Mr. O'Brien also said, is considerable IIDJ 118 realize you pinom which estate real value if his creditors forced its sale The failure of the Imperial Stables was ascribed by Mr. Brien to the increase in the JO extension the pus automobiles jo the electric car service, which, he says, have affected the business of all livery stables. Among the real estate holdings of Mr. Harry just Cox is north the of Locust Towson. Vale Stock Farm, located On Monday Judge Heuisler appointed Mr. J. Cookman Boyd co-receiver. He bonded in the sum of $25,000. This was done on the peshares SF sploy oqm Morer, 'D "A "ICI Jo thing of the 101 shares of the company' 's stock. Crusade for Pure Milk in Baltimore The inspectors of the Baltimore Health Department are making a strenuous effort to the bring to justice milk dealers who are violating milk ordinances, says the Sun. Two ordinances must be observed by milk men- is that the temperature of the milk shall not be over 50° Fahrenheit at the time of delivery, and the other is that the milk must not be adulterated. Armed with ters the inspectors test the temperature of the milk, and. if that is satisfactory they test to you sees 11111 the JI is " JI eee come up to the standard set by the laws the milk cans are overturned and the milk is allowed to flow in the gutter. One morning milkman was arrested


Article from The Midland Journal, November 3, 1933

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APPOINTED RECEIVER FOR BEL AIR BANKS Major Robert H. Archer has been appointed receiver for both the Second National Bank and the Farmers and Merchants National Bank, of Bel Air. This action was taken by the Treasury Department for the purpose of winding up the affairs of these two institutions. Major Archer had been acting as conservator of the Second National Bank, and Howard S. O'Neill, as conservator of the Farmers and Merchants National Bank.