Receivers were appointed and the house closed; no run described in these articles.
Events (1)
1.February 3, 1908Receivership
Newspaper Excerpt
Judge Gorter appointed Joseph Packard and Edwin B. Baetger receivers for the firm of Wilson, Colston & Co., bankers.
Source
newspapers
Newspaper Articles (10)
1.February 4, 1908The Montgomery AdvertiserMontgomery, AL
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RECEIVER FOR BANKERS. Wilson, Colston and. Company Are In Trouble. Feb. Baltimore, 3.-Late tonight Judge Gorter appointed Joseph Lackward and Edwin B. Baelger receivers for the firm of Wilson, Colston and Company, bankers. The assets are roughly estimated at $870,000 and the liabilities $955,000. The firm is largely interested in southern securities of various sorts and its embarresment follow the recent depreciation of these. The house did an investments business chiefly and has been one of the representative establishments of the city for many years. The firm is composed of William Bowly Wilson and Frederic C. Colston and succeeded William Wilson and sons in 1867. The business of the latter firm, dates back a century.
2.February 4, 1908New-York TribuneNew York, NY
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RECEIVERS FOR BALTIMORE BANKERS. Baltimore, Feb. 3-Judge Gorter appointed Joseph Packard and Edwin B. Baetger receivers for the firm of Wilson, Colston & Co., bankers, tonight. The assets are roughly estimated at $870,000 and the liabilities $955,000. The firm is largely interested in Southern securities of various sorts. The firm is composed of William Bowley Wilson and Frederick C. Colston and succeeded William Wilson & Sons in 1867. The business of the latter firm dates back a century.
3.February 4, 1908The Marion Daily MirrorMarion, OH
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Receivers Appointed for a Bank. Baltimore, Feb. 4.-Late last night Judge Gorter appointed receivers for the firm of Wilson, Colston & Co. bankers. The assets are estimated al $870,000 and the liabilities at $955,000 The firm is largely interested in south ern securities.
4.February 4, 1908The Cairo BulletinCairo, IL
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RECEIVER FOR BANKERS. Baltimore, Feb. 3.-Late tonight Judge Gorter appointed Joseph Packand and Edwin B. Baetger, receivers for the firm of Wilson, Colston and company, bankers. Assets are roughly estimated at $870,000 and liabilities $955,000.
5.February 4, 1908The Washington TimesWashington, DC
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RECEIVERS ARE NAMED FOR BALTIMORE BANKERS BALT,MORE, Feb. 4.-Joseph Packard and E. B. Baetger have been appointed receivers for the firm of Wilson, Colston & Co., bankers, The assets are estimated at $870,000. Liabilities, $95,000.
6.February 4, 1908The Birmingham Age-HeraldBirmingham, AL
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Receivers Appointed. Baltimore, February 3.-Late tonight Judge Gorter appointed Joseph Packard and Edwin B. Baelger receivers for the firm of Wilson, Colston & Co., bankers. The assets are roughly estimated at $870,000 and the liabilities at $955,000. The firm is largely interested in southern securities of various sorts, and its embarrassment follows the recent depreciation of these. The house did an investment business chiefly, and has been one of the representative establishments of the city for many years. The firm is composed of William Bowly Wilson and Frederic C. Colston, and succeeded William Wilson & Sons in 1867. The business of the latter firm dates back a century.
RECEIVERS APPOINTED BALTIMORE, Md., Feb. 5.-Judge Gorter appointed Joseph Packard and Edwin B. Baetger receivers for the firm of Wilson, Colston and Company bankers, late last night. The assets are roughly estimated at $870,000 and the liabilities $955,000. The firm is largely interested in southern securities and its_ embarrassment follows the recent depreciation.
8.February 6, 1908The Free LanceFredericksburg, VA
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Receivers For Baltimore Bankers. Baltimore, Feb. 4.-Judge Gorter appointed Joseph Packard and Edwin B. Baetger receivers for the firm of Wilson, Colston & Company, bankers. The assets are roughly estimated at $870,000 and the liabilities $955,000. The firm is largely interested in southern securities of various sorts and its embarrassment follows the recent depreciation of these.
The Baltimore banking firm of Wilson, Colston & Co. failed this week. The deposit account is said to be $175,000, and the outlook for depositors is not altogether bright. Three banks in New York city also suspended. None of these failures appear to have been caused by wild-cat banking. Moneyed institutions have been up against a period of genuine hard times, and it is a case of the survival of the strongest.
10.November 7, 1908The Baltimore County UnionTowson, MD
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THE SECURED creditors of the Baltimore banking house of Wilson, Colston & Co., that closed its doors some time ago, have been paid substantially in full, and the first dividend has been paid to the unsecured creditors. The receivers are Messrs. Joseph Packard and Edwin G. Baetjer. The affairs of the firmwhich was one of the most highly thought of in the city-have been ably handled.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
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Wilson, Colston & Company · Episode ID 1230267891298
