Article Text
Brokerage Firm Fails. Baltimore, July 1.-The banking and brokerage house of McKim & Co. was placed in the hands of a receiver today. No statement as to liabilities and assets has been announced.
Mckim & Company (Baltimore, MD)
Episode Information
- Episode UID
2296501391291- Episode Type
- Suspension → Closure
- Bank Type
- private
- Bank ID
-
229650139hash - Start Date
- July 1, 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
4245e6ef587da3a4
Response Measures
None
Description
No contemporaneous reports of a depositor run; firm placed in receivership by court and treated as failed.
Events (2)
1.
July 1, 1907
Receivership
- Newspaper Excerpt
- Charles Morris Howard was appointed receiver for the old established banking and brokerage firm of McKim and Company, fixing his bond at $300,000.
- Source
- newspapers
2.
July 1, 1907
Suspension
- Cause
- Government Action
- Cause Details
- Court appointment of a receiver due to insufficient available cash to meet daily demands and withdrawals of deposits; receiver gave bond $300,000.
- Newspaper Excerpt
- The banking and brokerage house of McKim & Co. was placed in the hands of Charles Morris Howard as receiver today.
- Source
- newspapers
Newspaper Articles (11)
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Article Text
Receiver in Charge. Baltimore, July 1.-The banking and brokerage house of McKim & Co of this city was placed in the hands of a receiver, Charles Howard, today. who furnished bonds of $300,000. It is not known how much the liabilities are.
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Article Text
Receiver Appoited. Baltimore, Md., June 1.-Judge Wright in circuit court No. 2 this morning appointed Attorney Charles Morris Howard receiver for old established banking and brokerage firm of McKim and Company, fixing his bond at $300,000. The firm stated that there is not on hand sufficient available cash to meet daily demands.
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Article Text
Big Firm Fails Baltimore, Md., July 1.-The banking and brokerage firm of McKim & Co., 622 Park avenue, this city, was placed in the hands of Charles Morris Howard as receiver today. Mr. Howard said he could not as yet give any figures as to liabilities, etc.
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Article Text
Baltimore Brokers Fail. Baltimore, Md., July 1.-The banking and brokerage house of McKim & Co., was placed in the hands of Charles Morris Howard, as receiver today. Mr. Howard said he could not as yet give any figures as to the liabilities, etc.
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Article Text
RECEIVER FOR BALTIMORE BROKER. Suspension of Banking House of McKim & Co. Announced. Baltimore, July 1-The banking and brokerage house of McKim & Co., at No. 522 Park avenue, this city, was placed in the hands of Charles Morrls Howard as receiver to-day. Mr. Howard said he could not as yet give any figures as to liabilities. S. Sterrett McKim, one of the members of the firm, is vice-president of the Baltimore Stock Exchange. Although the appointment of a receiver for the firm was known on the exchange, it was not officially announced until a few minutes before the closing. The publication of the condition of the firm aroused little interest on the floor. Mr. Howard gave bonds for $300,000. which would seem to indicate that the liabilities were half the amount. Withdrawals of deposits and poor bustness, coupled with the desire of Hollins McKim, the chief partner, who is getting along in years, to retire from active business, were given as the reason for the action. The house was established in 1852. It is composed of Hollins McKim, E. A. Betsworth and S. Sterrett McKim. The assignment was not regarded as showing weakness in any other quarter. The concern had not embarked in any new enterprises for several years, it was said. It was set forth in the petition for a receiver that the firm's capital was largely invested in real estate in Baltimore city and county, some of which was unimproved and could not be readily realized upon.
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Article Text
BANKING HOUSE IN HANDS OF RECEIVER. . [By Associated Press.] BALTIMORE. O., July 1-The bankin gand brokerage house of McKim & Company was today placed in the hands of a receiver. No figures of the liabilities and assets have been given. The receiver gave bond for $300.500 which seems to indicate that the liabilities are half that amount.
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Article Text
According to a statement made by the receiver for McKim & Co., bankers and brokers, of Baltimore, the assets of the firm are sufficient to pay dollar for dollar to the creditors of the concern, and it is probable there will be a small balance over.
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Article Text
McKim & Co. Fail. The failure is announced of McKim & Co., of Baltimore, the oldest private banking house in Maryland. Charles Morris Howard was appointed receiver and gave a bond for $300,000.
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Article Text
McKim & Co. Fail. The failure is announced of McKim & Co., of Baltimore, the oldest private banking house in Maryland. Charles Morris Howard was appointed receiver and gave a bond for $300,000.
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Article Text
McKim & Co. Fail. The failure is announced of McKim & Co., of Baltimore, the oldest private banking house in Maryland. Charles Morris Howard was appointed receiver and gave a bond for $300,000.