Farmers Trust Banking & Deposit Company (Baltimore, MD)

Episode Information

Episode UID
9432133191325
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
943213319 hash
Start Date
May 7, 1910
Location
Baltimore, Maryland (39.290, -76.612)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
419cd2b9d5ff2f2f

Response Measures

None

Description

Multiple notices show receivers appointed and receiver's sales; later reporting (1912) confirms bank defunct and receivers assessing stockholders.

Events (4)
1. May 7, 1910 Suspension
Cause
Government Action
Cause Details
Receivers were appointed by court and the bank was closed, leading to receivership and asset sales.
Newspaper Excerpt
We, the receivers of the Farmers' Trust, Banking and Deposit Company of Baltimore Md.,
Source
newspapers
2. May 26, 1910 Other
Newspaper Excerpt
RECEIVERS' SALE ... on the TWENTY-SIXTH DAY OF MAY, 1910 ... Receivers of the Farmers' Trust, Banking and Deposit Company of Baltimore, Md.
Source
newspapers
3. December 9, 1910 Other
Newspaper Excerpt
RECEIVER'S SALE OF VALUABLE REALTY ... R. HARRISON JOHNSON, Surviving Ancillary Receiver of the Farmers' Trust, Banking and Deposit Company of Baltimore, Md.
Source
newspapers
4. January 12, 1912 Receivership
Newspaper Excerpt
Stockholders of Defunct Farmers' Trust Co., Lose Suit. ... the Farmers' Trust, Banking & Deposit Co's., Bank located at Mt. Airy, and in fact ... a bank in Baltimore.
Source
newspapers

Newspaper Articles (10)
1. May 7, 1910 Evening Star Washington, DC
Article from Evening Star, May 7, 1910

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Article Text

ADAM A. WESCHLER, AUCTIONEER. RECEIVERS' SALE OF VALUABLE UNIMPROVED REAL ESTATE IN GIBBS' AND KOSSACK'S ADDITION TO AND B. F. GILBERTS SUBDIVISION OF TAKOMA PARK, PRINCE GEORGE COUNTY. MD. We, the receivers of the Farmers' Trust, Banking and Deposit Company of Baltimore Md., by authority vested in us by the circrit court. No. 2. of Baltimore city. will offer at public anetion. in front of the property. on the TWENTY-SIXTH DAY OF MAY. 1910. BEGENNING AT FIVE O'CLOCK P.M., the fallowing lots or parcels of ground situate in and adiacent to Takoma Park, in Prince George county. state of Maryland, being a short dia. tance from the District of Columbia line. marked on plat of "J. D. Gibbs' and F. W. Kessack's addition to Takoma Park." and recorded among the land records of said county (see deed from Guarantee Building and Loan Association to Farmers' Trust. Banking and Denoelt Company. recerded in Liber No. 13. follo 538. in said land records). as Lots 1. 2. 3. 4. 5 and 6. in block 10: lets 2 3. 6, 7. 8, 9 13. 14. 15. 16 and 17. in block 11: also in B. F. Gilbert's subdivision of Takoma Park. lots 34 and 35. in block 16. These several lots have a front on Elm Park and Cockrell avenues and Spring and Lake streets of fifty feet by one hundred and sixty feet deep. more or less. Terms of sale: One-half cash. balance in six months: deferred payments to be secured to the satisfaction of the receivers, or all cash. at the option of the purchaser. A deposit of $25.00 required at time of sale. BEVERLY W. MISTER, JOHN PHEI E. ALLAN SAUERWEIN, Jr., JOHN J. HURST, Receivers. no7,14,21,26

2. May 26, 1910 Evening Star Washington, DC
Article from Evening Star, May 26, 1910

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Article Text

ADAM A. WESCHLER. AUCTIONEER. RECEIVERS' SALE OF VALUABLE UNIMPROVED REAL ESTATE IN GIBBS' AND KOSSACK'S ADDITION TO AND B. F. GILBERT'S SUBDIVISION OF TAKOMA PARK. PRINCE GEORGE COUNTY. MD. We. the receivers of the Farmers' Trust. Banking and Deposit Company of Baltimore. Md., by authority vested in us by the circuit court. No. 2. of Baltimore city. will offer at public auction. in front of the property. on the TWENTY-SIXTH DAY OF MAY. 1910. REGINNING AT FIVE O'CLOCK P.M., the following lots or parcels of ground situate in and adjacent to Takoma Park. in Prince George county, state of Maryland, being a short distance from the District of Columbia line, marked on plat of "J. D. Gibbs' and F. W. Kossack's addition to Takoma Park." and recorded among the land records of said county (see deed from Guarantee Building and Loan Association to Farmers' Trust, Banking and Deposit Company, recorded in Liber No. 13, folio 538, in said land records). as Lots 1. 2. 3. 4, 5 and 6. in block 10: lots 2. 8. 6. i. 8. 9. 13. 14. 15. 16 and 17. in block 11: lso in B. F. Gilbert's subdivision of Takoma Park. lots 34 and 35. in block 16. These several lots have a front on Elm Park and Cockrell avenues and Spring and Lake streets of fifty feet by one hundred and sixty feet deep. more or less. Terms of sale: One-half cash, balance in six months: deferred payments to be secured to the satisfaction of the receivers. or all cash. at the option of the purchaser. A deposit of $25.00 required at time of sale. BEVERLY W. MISTER, JOHN PHELPS. E. ALLAN SAUERWEIN, Jr., JOHN J. HURST, Receivers. my7.14.21.26

3. November 28, 1910 Evening Star Washington, DC
Article from Evening Star, November 28, 1910

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Article Text

RECEIVER'S SALE OF VALUABLE REALTY. BEING HOUSE NUMBERED 404 V STREET SOUTHEAST. FORMERLY KNOWN AS 404 WASHINGTON STREET, ANACOSTIA, D.C. By virtue of a decree of the Supreme Court of the District of Columbia in Equity No. 27402 I will sell at public auction in front of the premises on FRIDAY. DECEMBER THE NINTH, 1910, AT HALF-PAST FOUR P.M., lots Nos. 693, 694 and 695, square numbered 5777. of the land records of the District of Columbia, improved by a two-story six-room frame dwelling house. all known as premises 404 V street southeast, formerly 404 Washington street, Anacostic, D. C. Terms of sale: One-third cash and balance in one and two years at six per cent. payable semi-annually, secured by tirst trust upon sa d property. A deposit of two hundred (200) dollars will be required at time of sale. and terms to be complied with in fifteen days after ratification thereof: otherwise the receiver to have the right to resell after five days' advertisement at cost and risk of defaulting purchaser. Conveyancing. recording and notary charges at cost of purchaser R. HARRISON JOHNSON. Surviving Ancillary Receiver of the Farmers' Trust. Banking and Deposit Company of Baltimore, Md., 306 7th st. S.W. Washington, D. C., November 28, 1910. no28-d&ds,eSu

4. November 30, 1910 Evening Star Washington, DC
Article from Evening Star, November 30, 1910

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Article Text

ADAM A. WESCHLER, AUCTIONEER. RECEIVER'S SALE OF VALUABLE REALTY. BEING HOUSE NUMBERED 404 V STREET SOUTHEAST, FORMERLY KNOWN AS 404 WASHINGTON STREET, ANACOSTIA, D.C. By virtue of a decree of the Supreme Court of the District of Columbia in Equity No. 27402 I will sell at public auction in front of the premises on FRIDAY. DECEMBER THE NINTH. 1910, AT HALF-PAST FOUR P.M., lots Nos. 693. 604 and 695, square numbered 5777. of the land records of the District of Columbia, improved by a two-story six-room frame dwelling house. all known as premises 404 V street southeast, formerly 404 Washington street, Anacóstic, D. C. Terms of sale: One-third cash and balance in one and two years at six per cent, payable semi-annually, secured by first trust upon sa d property. A deposit of two hundred (200) dollars will be required at time of sale, and terms to be complied with in fifteen days after ratification thereof; otherwise the receiver to have the right to resell after five days' advertisement at cost and risk of defaulting purchaser. Conveyancing, recording and notary charges at cost of purchaser R. HARRISON JOHNSON, Surviving Ancillary Receiver of the Farmers' Trust, Banking and Deposit Company of Baltimore, Md., 306 7th st. S.W. Washington. D. C., November 28, 1910. no28-d&ds,eSu

5. December 1, 1910 Evening Star Washington, DC
Article from Evening Star, December 1, 1910

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Article Text

ADAM A. WESCHLER, AUCTIONEER. RECEIVER'S SALE OF VALUABLE REALTY. BEING HOUSE NUMBERED 404 V STREET SOUTHEAST, FORMERLY KNOWN AS 404 WASHINGTON STREET, ANACOSTIA, D.C. By virtue of a decree of the Supreme Court of the District of Columbia in Equity No. 27402 I will sell at public auction in front of the premises on FRIDAY, DECEMBER THE NINTH, 1910, AT HALF-PAST FOUR P.M., lots Nos. 693, 694 and 695, square numbered 5777, of the land records of the District of Co. lumbia, improved by a two-story six-room frame dwelling house, all known as premises 404 V street southeast, formerly 404 Washington street, Anscostia, D. C. Terms of sale: One-third cash and balance in one and two years at six per cent, payable semi-annually, secured by first trust upon sa d property. A deposit of two hundred (200) dollars will be required 'at time of sale, and terms to be complied with in fifteen days after ratification thereof; otherwise the receiver to have the right to resell after five days' advertisement at cost and risk of defaulting purchaser. Conveyancing, recording and notary charges at cost of purchaser R. HARRISON JOHNSON, Surviving Ancillary Receiver of the Farmers' Trust, Banking and Deposit Company of Baltimore, Md., 306 7th st. s.w. Washington, D. C., November 23, 1910. no28-dåds,eSu

6. December 2, 1910 Evening Star Washington, DC
Article from Evening Star, December 2, 1910

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Article Text

ADAM A. WESCHLER, AUCTIONEER. RECEIVER'S SALE OF VALUABLE REALTY. BEING HOUSE NUMBERED 404 V STREET SOUTHEAST. FORMERLY KNOWN AS 404 WASHINGTON STREET. ANACOSTIA, D. C. By virtue of a decree of the Supreme Court of the District of Columbia in Equity No. 27402 I will sell at public auction in front of the premises on FRIDAY. DECEMBER THE NINTH. 1910. AT HALF-PAST FOUR P.M., lots Nos. 693. 604 and 695, square numbered 5777. of the land records of the District of Co. lumbia, improved by a two-story six-room frame dwelling house, all known as premises 404 V street southeast, formerly 404 Washington street. Anacostic. D. C. Terms of sale: One-third cash and balance in one and two years at six per cent. payable semi-annually, secured by first trust upon sa'd property. A deposit of two hundred (200) dollars will be required at time of sale, and terms to be complied with in fifteen days after ratification thereof; otherwise the receiver to have the right to resell 'nfter five days' advertisement at cost and risk of defaulting purchaser. Conveyancing. recording and notary charges at cost of purchaser. R. HARRISON JOHNSON, Surviving Aneillary Receiver of the Farmers' Trust. Banking and Deposit Company of Baltimore, Md., 306 7th st. S.W. Washington. D. C., November 28. 1910. no28-d&ds,eSu

7. December 5, 1910 Evening Star Washington, DC
Article from Evening Star, December 5, 1910

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Article Text

AUCTION SALES. FUTURE days. ADAM A. WESCHLER, AUCTIONEER. RECEIVER'S SALE OF VALUABLE REALTY. BEING HOUSE NUMBERED 404 y STREET SOUTHEAST. FORMERLY KNOWN AS 404 WASHINGTON STREET, ANACOSTIA, D. C. By virtue of a decree of the Supreme Court of the District of Columbia in Equity No. 27402 I will sell at public auction in front of the premises on FRIDAY, DECEMBER THE NINTH, 1910, AT HALF-PAST FOUR P.M., lots Nos. 693. 694 and 695, square numbered 5777. of the land records of the District of Columbia, improved by a two-story six-room frame dwelling house, all known as premises 404 v street southeast, formerly 404 Washington street, Anacostia, D. C. Terms of sale: One-third cash and balance in one and two years at six per cent. payable semi-annually, secured by first trust upon SR d property. A deposit of two hundred (200) dollars will be required at time of sale, and terms to be complied with in fifteen days after ratification thereof; otherwise the receiver to have the right to resell after five days' advertisement at cost and risk of defaulting purchaser. Conveyancing, recording and notary charges at cost of purchaser R. HARRISON JOHNSON, Surviving Ancillary Receiver of the Farmers' Trust, Banking and Deposit Company of Baltimore, Md., 306 7th st. s.w. Washington, D. C., November 28, 1910. no28-d&ds,eSu

8. December 6, 1910 Evening Star Washington, DC
Article from Evening Star, December 6, 1910

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Article Text

ADAM A. WESCHLER, AUCTIONEER. # RECEIVER'S SALE OF VALUABLE REALTY. BEING HOUSE NUMBERED 404 V STREET SOUTHEAST, FORMERLY KNOWN AS 404 WASHINGTON STREET, ANACOSTIA, D. C. By virtue of a decree of the Supreme Court of the District of Columbia in Equity No. 27402 I will sell at public auction in front of the premises on FRIDAY, DECEMBER THE NINTH, 1910, AT HALF-PAST FOUR P.M., lots Nos. 693, 694 and 695, square numbered 5777, of the land records of the District of Columbia, improved by a two-story six-room frame dwelling house, all known as premises 404 V street southeast, formerly 404 Washington street, Anacostia, D., C. Terms of sale: One-third cash and balance in one and two years at six per cent, payable semi-annually, secured by first trust upon said property. A deposit of two hundred (200) dollars will be required at time of sale, and terms to be complied with in fifteen days after ratification thereof; otherwise the receiver to have the right to resell after five days' advertisement at cost and risk of defaulting purchaser. Conveyancing, recording and notary charges at cost of purchaser R. HARRISON JOHNSON, Surviving Ancillary Receiver of the Farmers' Trust, Banking and Deposit Company of Baltimore, Md., 306 7th st. s.w. Washington, D. C., November 28, 1910. no28-d&ds,eSu

9. December 7, 1910 Evening Star Washington, DC
Article from Evening Star, December 7, 1910

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Article Text

ADAM A. WESCHLER, AUCTIONEER. RECEIVER'S SALE OF VALUABLE REALTY. BEING HOUSE NUMBERED 404 V STREET SOUTHEAST. FORMERLY KNOWN AS 404 WASHINGTON STREET. ANACOSTIA, D. C. By virtue of a decree of the Supreme Court of the District of Columbia in Equity No. 27402 I will sell at public auction in front of the premises on FRIDAY. DECEMBER THE NINTH, 1910, AT HALF-PAST FOUR P.M., lets Nos. 693. 694 and 695, square numbered 5777, of the land records of the District of Co. lumbia. improved by a two-story six-room frame dwelling house, all known as premises 404 V street southeast, formerly 404 Washington street, Anacostia, D. C. Terms of sale: One-third cash and balance in one and two years at six per cent, payable semi-annually, secured by first trust upon said property. A deposit of two hundred (200) dol. lars will be required at time of sale, and terms to be complied with in fifteen days after ratification thereof: otherwise the receiver to have the right to resell after five days' advertisement at cost and risk of defaulting purchaser. Conveyancing, recording and notary charges at cost of purchaser. R. HARRISON JOHNSON. Surviving Ancillary Receiver of the Farmers' Trust, Banking and Deposit Company of Baltimore, Md., 306 7th st. S.W. Washington. D. C., November 28, 1910. no28-d&ds,eSu

10. January 12, 1912 The Democratic Advocate Westminster, MD
Article from The Democratic Advocate, January 12, 1912

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MUST PAY ASSESSMENT. Stockholders of Defunct Farmers' Trust Co., Lose Suit. What is welcome news to the depositors in the defunct Farmers "Trust, Banking & Deposit Co's., Bank located at Mt.Airy, and in fact to the depositors in these banks over the State, was conveyed in dispatches from Cumberland, that stockholders of the defunct bank must pay the 25 peT cent. assessment levied against them. While the cases in Allegany county, pertain only to suits for that county, yet the decision was by Chief Judge A. Hunter Boyd, of the Court of Appeals and the decision is taken as about what would be found, if the cases are carried to the Court of Appeals. If this decision holds good in the Court of Appeals, If carried there, it means that the depositors in the banks that the Farmers' Trust, Banking and Deposit Company. owned and operated throughout the State, will receive in full their deposits in the banks at the time of the failure. The Farmers' Trust, Banking and Deposit Co., operated a bank at Mt. Airy, at Keedysville and Hancock, in Washington county, and at Galena, on the Eastern Shore, in addition to a bank in Baltimore. When the banks operated by the company were closed, receivers were named, and the receivers acting under the authority of the United States Court laid an assessment of 25 per cent. upon the stockholders, considering this sum sufficient to pay the costs of the receivership and the debts of the bank. This will lose to the stockholders of the bank,if carried through $125 for every $100 originally invested. It is the payment of this assessment that the stockholders are resisting, on the grounds that the stock was non-assessible. The receivers claim that the bank in its charter was placed under the provision of the code that a stockholder of the bank is liable to twice the amount of his holding of stock, and in fact that this provision was incorporated in the charter.