Farmers Trust Banking & Deposit Company (Baltimore, MD)

Episode Information

Episode UID
9432133191294
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
943213319 hash
Start Date
October 9, 1907
Location
Baltimore, Maryland (39.290, -76.612)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7904bd121fd1aa14

Response Measures

None

Events (2)
1. October 9, 1907 Receivership
Newspaper Excerpt
Receivers were today appointed ... The receivers are Messrs. Beverly W. Mister and Eldridge S. Johnson, both of whom qualified by filing a bond for $100,000.
Source
newspapers
2. October 9, 1907 Suspension
Cause
Government Action
Cause Details
Receivers appointed by court following inability to realize on assets and tightness of the money market.
Newspaper Excerpt
Receivers were today appointed on the application of Alexander H. Robertson ... for the Farmers' Trust, Banking and Deposit Company of this city.
Source
newspapers

Newspaper Articles (10)
1. October 10, 1907 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, October 10, 1907

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Article Text

NAMED RECEIVERS FOR FARMERS' TRUST, BANKING AND DEPOSIT COMPANY. Tightness of Money Market Said to Be Cause of Embarrassment-Firm Conducted Five Maryland Banks. 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 of this city. The receivers are Messrs. Beverly W. Mister and Eldridge S. Johnson, both of whom qualified by filing a bond for $10,000 Tightness of the money market 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; Darlington, Md., under the name of the Darlington Bank: Keedysville, Mr., 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. Officials declined to make any statement of the financial condition of the company.

2. October 10, 1907 The Washington Times Washington, DC
Article from The Washington Times, October 10, 1907

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Article Text

BALTIMORE BANK FAILS; TIGHT MONEY BLAMED BALTIMORE, Oct. 10.-Receivers today took charge of the Farmers' Trust, Banking and Deposit Company. Beverly W. Mister and Eldridge S. Johnson yesterday were appointed receivers, and each gave bond for $100,000. Tightness of the money market and failure to realize on its assets are given by the board of directors of the company as the reason for the failure. The receivers were named upon the application of Alexader H. Robertson, a depositor and a director in the company. The company was organized under a charter granted five years ago and had branches at several places in the State.

3. 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.

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

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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.

5. 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.

6. October 11, 1907 Evening Star Washington, DC
Article from Evening Star, October 11, 1907

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THE COURT RECORD. District Supreme Court. EQUITY COURT NO. 1-Chief Justice Clabaugh. Jordan agt. Carter; pro confesso ordered complainant's solicitor, E. A. Jones. Brown agt. Brown; divorce a vin. mat. granted: complainant's solicitor, W. E. Ambrose; defendant's solicitor, W. W. Bride. Chapman agt. Howard: rule as to contempt returnable October 25; complainant's solicitors, T. L. Jones and J. E. Padgett. Armbrecht agt. Armbrecht; time to take proof limited: complainant's solicitor, Campbell Carrington; defendant's solicitor, P. J. Ryan. Lloyd agt. Lloyd; order allowing defendant to see children; complainant's solicitor, Hayden Johnson; defendant's solicitor, A. H. Bell. In re Farmers' Trust. Banking and Deposit Company of Baltimore, Md.; order appointing Eldbridge S. Johnson and R. Harrison Johnson ancillary receivers; bond, $75,000; petitioners' solicitors, Maddox & Gatley. EQUITY COURT NO. 2-Justice Gould. Taylor agt. Ruppert; sales ratified nisi; complainant's solicitor. C. W. Clagett; defendant's solicitor, J. A. Toomey. Garrett agt. Garrett: divorce a vin. mat. granted; complainant's solicitor. W. E. Ambrose: defendant's solicitors, Smith & Walker. De Yo agt. De Yo: rule as to contempt returnable October 18, 1907: complainant's solicitor. J. B. Green; defendant's solicitor, W. E. Ambrose. Cochran agt. Hamilton; pro confesso made absolute and title to realty declared to be perfect in fee simple by adverse possession: sale decreed, and Jos. C. Sheehy and Richard A. Ford appointed trustees; bond. $5,000; complainant's solicitors. Baker, Sheehy & Hogan; defendant's solicitor. R. A. Ford. Hudson agt. Hudson; cause calendared for November term; complainant's solicitor, E. L. Gies; defendant's solicitor, C. Carrington. Vogt agt. Graff; substitution of trustee ordered; complainant's sol'citor, A. H. Bell; defendant's solicitor, J. A. Burkart. Ballard & Lanham agt. Hill; rule to show cause returnable October 18; complainant's solicitors, C. W. Darr and R. A. Curtin. Scott agt. Scott; restraining order issued; complainant's solicitor, Isaac R. Hitt, jr. Durfee agt. Durfee: complainant's application to require defendant to appear as witness for complainant refused and overruled and question of counsel fees postponed until final hearing: complainant's solicitor, W. C. Balderston; defendant's solicitor, Leon Tobriner. Carey agt. Carey: reference to J. Arthur Lynham, examiner; complainant's solicitor, J. H. Adriaans. In re G. Frank Hullman; reference to auditor: attorneys, R. B. Behrend and L. H. David. Agnew agt. Hutchins: order striking out part of amended and supplemental bill; complainant's solicitors, C. H. Craigin and S. T. Thomas; defendant's solicitors, Brandenburg & Brandenburg. CIRCUIT COURT NO. 1-Justice Wright. Riley agt. Bohn; motion for new trial filed; plaintiff's attorney. S. T. Thomas; defendant's attorney. J. J. Darlington. Peirce agt. Watsontown Door and Sash Co.: commission ordered to issue. Baltimore and Ohio Railroad Company agt. Anderson; motion for judgment granted; plaintiff's attorneys, Hamilton, Colbert, Yerkes & Hamilton. Smith agt. Borgmann et al.; motion for judgment against Henry Borgmann overruled and motion for judgment against H. Borgmann Mfg. Co. granted: plaintiff's attorney. V. H. Wallace; defendant's attorney, W. C. Prentiss. Sugar agt. National City Bank; motion to strike out declaration overruled; motion to strike out second count overruled, with ten days to plead; plaintiff's attorney. W. G. Gardiner; defendant's attorneys, Lambert & McLean. International Trust Co. agt. Helphenstine, Wood Campbell & Baker (4 cases); demurrers to declarations overruled with

7. October 12, 1907 The Washington Herald Washington, DC
Article from The Washington Herald, October 12, 1907

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MARYLAND NEWS IN BRIEF. Cumberland, Oct. 11.-Fire badly damaged the dyeing and cleaning plant of Footer & Son this morning. The firm has branches in Baltimore and Washington. Annapolis, Oct. 11.-Gov. Warfield today issued a commission to Dr. Marshall Price, of Baltimore. as secretary of the State board of health. Commissions were also given Murray Vandiver and Gordon T. Atkinson as honorary members of the Jamestown commission of Maryland Frederick, Oct. 1.-Miss Mollie Fox, sixty years old, died this morning from injuries received while attempting to alight from a moving train on the Nerthern Central Railroad, at Woods boro. Oakland, Oct. 11.-The corner-stone for the new $75,000 courthouse at OaRland will be laid Wednesday, October 16, by the Masonic lodge. Former Senator George L. Wellington, of Cumberland, will be the chief speaker. Baltimore, Oct. 11.-Charles L. Skinner, a pension attorney, was to-day indicted by the Federal grand jury on the charge of violating a Federal statute by receiving a fee of more than $10 for preparing a pension claim. Hyattsville, Oct. 11. -The first Crothers Democratic Club to be organized in Prince George County was formed last night at Berwyn. A publie meeting will be held Saturday night, October 19. when it is probable State Senator Gorman, of Howard County, will speak. Baltimore, Oct. 11.-Elbridge S. Johnson, a receiver of the Farmers' Trust, Banking and Deposit Company, said to-day that he believes depositors will be paid in full. Boyds, Oct. 11. -Thomas Pyles, seventy years old. an ex-Confederate veteran and prominent farmer of Montgomery County, died last night at his home, as the result of paralysis. Baltimore, Oct. 11.-Samuel Griffith was to-day indicted by the Federal grand jury on the charge of having stolen from the post-office at Kingston, on July 7. 1906. a letter addressed to the Bank of Crisfield containing a check for $142.

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

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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. November 5, 1908 Evening Star Washington, DC
Article from Evening Star, November 5, 1908

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PROPOSALS. PROPOSALS FOR MARBLE WORK.-OFfice of Building for National Museum. Library of Congress, Washington. D. C., November 4. 1908.-Sealed proposals for furnishing. delivering and installing In place complete the white marble wainscoting, partitions and tiling of halls and lavatories. and the Tennessee marble tiling. stairs, strings and bases, etc., required in the new building for the National Museum. in this city. will be received until 2 o'clock p.m. on Saturday, November 21, 1908, and publicly opened immediately thereafter. Specifications and other information furnished on application to this office. BERNARD R. GREEN, Superintendent of Construction. no4.5.6.11.12.13-6t LEGAL NOTICES. 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. C., 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 SUPREME COURT OF THE DISTRICT OF Columbia, Holding Probate Court.-No. 15576. Administration.-This is to give notice: That the subscribers, of the District of Columbia, have obtained from the Probate Court of the District of Columbia letters testamentary on the estate of Elizabeth D. Palmer, late of the District of Columbia, deceased. All persons having claims against the deceased are warned to exhibit the same, with the vouchers thereof, legally authenticated. to the subscribers. on or before the 27th day of October. A.D. 1909: otherwise they may by law be excluded from all benefit of said estate. Given under our hands this 27th day of October, 1908. WILLIAM L. ROBINS. 1700 13th st. n.w.: WILLIAM B. PALMER. 606 9th st. n.e. (Seal.) Attest: JAMES TANNER. Reg. ister of Wills for the District of Columbia, Clerk of the Probate Court. WM. E. EDMONSTON, oc29-1aw,3t Attorney.

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

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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