Article Text
Baltimore, Dec. 28.-Because of the appointment of a receiver for the Old Town bank. a general run was made on all of the city banks. It was soon stopped.
Equitable National Bank (Baltimore, MD)
Episode Information
- Episode UID
453001212- Episode Type
- Suspension → Reopening
- Bank Type
- national
- Bank ID
-
45300national - Charter Number
- 4530
- Start Date
- December 28, 1900
- Location
- Baltimore, Maryland (39.290, -76.612)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
b379179528e66cd5
Response Measures
None
Description
Articles describe city- and state-wide banking interruptions affecting Baltimore banks but do not name Equitable specifically.
Events (6)
1.
March 5, 1891
Chartered
- Source
- historical_nic
2.
May 17, 1900
Voluntary Liquidation
- Source
- historical_nic
3.
December 28, 1900
Run
- Cause
- Local Banks
- Cause Details
- Run triggered by appointment of a receiver for the Old Town Bank, producing a general run on city banks.
- Measures
- Run was soon stopped.
- Newspaper Excerpt
- Because of the appointment of a receiver for the Old Town bank. a general run was made on all of the city banks. It was soon stopped.
- Source
- newspapers
4.
February 6, 1904
Suspension
- Cause
- Government Action
- Cause Details
- Governor Warfield proclaimed a temporary banking holiday/closure following the great Baltimore fire (banks closed Feb. 6 under proclamation).
- Newspaper Excerpt
- The holiday period for Baltimore as fixed by Governor Warfield has expired and the local banks will resume business today in all branches for the first time since the conflagration.
- Source
- newspapers
5.
February 23, 1904
Reopening
- Newspaper Excerpt
- The banks in this city resumed business to-day in all their branches for the first time since the fire. Under Governor Warfield's proclamation the enforced payment of protest-able paper has been suspended from Feb. 6, thus making it necessary for all who have matured obligations to take care of them before the close of banking hours to-day.
- Source
- newspapers
6.
February 25, 1933
Suspension
- Cause
- Government Action
- Cause Details
- Statewide three-day banking holiday proclaimed by Governor Ritchie to stop heavy withdrawals and allow emergency legislation.
- Newspaper Excerpt
- All banks in Maryland were closed today under a three day banking holiday proclaimed by Governor Albert C. Ritchie to stop heavy withdrawals which threatened the stability of the state's financial institutions.
- Source
- newspapers
Newspaper Articles (20)
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CONDENSED TELEGRAMS San Francisco, Dec. 28.-Many ships are overdue at the port here, and much anxiety is shown in the shipping interests. Helena, Dec. 28.--The postmaster of East Helena was held up by footpads, Christmas night, and robbed of 65 cents, all he had. Chicago, Dec. 28.-The police claim to have evidence that Crowe, the Omaha kidnaper, spent some days here, masquerading as a woman. Helena, Dec. 28.-A coroner's jury decided that the death of Nicholas Kohr, who fell from the state capitol building was due to his own carelessness. Baltimore, Dec. 28.-Because of the appointment of a receiver for the Old Town bank. a general run was made on all of the city banks. It was soon stopped. Washington, Dec. 28.-The war department has purchased the large transport Samoa, now in the Pacific, for transporting the volunteer army home from Manila. Barre, Vt., Dec. 28.-The chief of police here, after quelling a row at an Italian ball, was shot by two or three assailants, as he left the hall, and will probably die. Washington, Dec. 28.-Reports say that the rebels are being steadily defeated in Colombia, South America, and that the governmen t is steadily gaining strength. San Francisco, Dec. 28.-The new Oceanic steamer Sonoma, made a record breaking run of 38 days and 9 hours around the Horn from Philadelphia, where she was built. Fargo, N. D., Dec. 28.-The Russian settlers in McHenry county are suffering severely from hunger. They came too late in the year to raise crops to feed themselves through the winter. Phoenix, Ariz., Dec. 28.-A lone highwayman held up the stage near Hot Springs, yesterday, getting $50 from the private express box, and it is reported a large quantity of gold dust. Washington, Dec. 28.-Nothing is known at the White House of the reported invitations to the Kaiser and the Prince of Wales to attend the yacht races next fall, the guests of the nation. Pittsburg, Dec 28.-A strike in the Barnesboro district, because of the introduction of machines in the mines, bids fair to spread over the whole of the anthracite country. Washington, Dec. 28.-It is expected that the Hawaiian legislature will take action to pay the claims of the Chinese and Japanese who lost property in the
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NO FURTHER FAILURES. Baltimore Financial Institutions Continue Business. Baltimore, Oct. 21.-All the banks and other financial institutions in Baltimore were opened promptly at the customary hour of 10 o'clock and those who may have had any fears that the beginning of the monetary day would be signalized by the announcement of other trust companies following in the wake of the Maryland and Union companies were agreeably disappointed. Not only did every institution open but among local financiers generally there was a uniform expression of confidence that no other suspensions are now probable and that what ever of panicky feeling was manifested the previous day has practically disappeared. It is true, however, that while the financiers themselves and the brokers and bankers around South and German streets maintain an air of serene confidence, there is a degree uneasiness in the popular mind expected that this feeling may a more voluminous withdrawal of ieposits during the day than usual. But there is no reason for anticipating that there will be anything like a run on any of the banks.
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PANICKY FEELING OVER. All Financial Institutions in Baltlmore Open For Business and No More Suspensions Probable. Baltimore, Md., Oct. 21.-All the banks and other financial institutions in Baltimore were opened promptly at the customary hour Tuesday. Among nanciers generally there was a uniform expression of confidence that no other suspensions are now probable and that whatever of panicky feeling was manifested yesterday over the failure of the Maryland and Union companies has practically disappeared. The sentiment during the whole day has been optimistic, and in the closing hours there was evidently not a member who feared further trouble. Another incident that gave confidence was an inquiry from the treasury department at Washington asking if the national banks needed assistance.
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# Council Will Meet To-night to # Consider This and Other # Matters. # Banks Resumed Business This # Morning and Paid All Checks # Presented. # Insurance Companies Have Now # Paid $10,000,000 in Losses # -More Ready. Baltimore, Feb. 12.—Baltimore is gradually resuming its normal condi- tion. All the banks opened to-day in their temporary quarters, at the usual banking hours, well supplied with funds to meet the demands for weekly pay rolls and for all ordinary needs of those who have money on deposit. Hundreds of depositors presented checks, and all were promptly cashed. Monday the regular clearings will begin, and general banking operations will be resumed. The vaults of all the national banks in Baltimore have now been opened, the last one having been inspected to-day, and in each the contents were found to be safe. To minimize the hardships under which the inhabitants now suffer, Mayor McLane and his municipal associates have decided temporarily to suspend the collection of taxes and water rents, it having been discovered that the city has enough money on hand, the result of large collections in January, to meet all requirements for some time to come. The mayor has called a special session of the city council to-night to consider legislation as to a realignment of public thorofares in the burned district and the reconstruction of public buildings. # Insurance Claims Paid. Several insurance claims were paid to-day and leading agents here say that at least $10,000,000 has already been paid out and that many millions in checks have been received here and are now on deposit ready to be paid out after some partial adjustments have been made. The big companies have deposited a much larger amount in New York subject to the order of agents. Squads from the street cleaning department started into the burned dis- trict this morning and the work of pulling down walls, removing debris and digging out safes was resumed. Marshal of Police Farnam reports that there have been fewer cases of robbery or lawlessness in the city since the fire than before, so well is the city patrolled. # Message From the Pope. Among the messages of sympathy received was a communication from Mgr. Falconi, the apostolic delegate at Washington, containing the following from the pope: His holiness, deeply moved by the news of the great calamity which has recently visited the city of Baltimore, desires your excellency to convey to the honorable mayor and the people of Baltimore his sincere sympathy. He prays that they can stand the severe loss their city has suffered, and that it will continue to pro- gress. -Cardinal Merry del Val. # No Outside Aid Needed. At a conference held to-day between the mayor and the citizens' committee it was decided that no call would be made for outside as- sistance. If it is found necessary later on the municipality will float a loan to meet all needs.
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FOR A BETTER CITY BALTIMORE'S CROOKED STREETS TO BE STRAIGHTENED. No Building Permits to Be Issued Until Plan for Re-alignment Is Adopted---Business Being Resumed in Temporary Quarters-Banks Opened. Baltimore, Feb. 15-It is announced by the mayor and comimttee on public safety that no building permits will be issued until a plan is adopted for the realigning of certain thoroughfares whose crookedness and narrowness have long constituted a blemish as well as an embarrassment to municipal growth. The mayor and committee on public safety are resolved that shells of buildings shall not be run up between fireprooff structures as in the past to serve as a standing invitation to flames. The business situation appears brighter than at any time since the great catastrophe. Shaw's Prompt Action. Secretary Shaw's splendid response to the call for currency has excited the admiration of all financiers. By his prompt action all obstacles were swept away and the sub-treasury is able to furnish any amount of money in any denomination required. One bank had $500,000 transferred by wire from New York, and large sums have been secured by several banks. Secretary Shaw's arrangement to transfer money by telegraph to Baltimore from all cities having sub-treasuries will probably be made permanent. A new York insurance company has offered to lend $2,000,000 at 1-2 per cent in Baltimore for building purposes. The task of clearing the piles of brick, mortar and rubbish from the streets in the fire scourged district is being pushed forward energetically. The work of emptying the safe deposit vaults in the ruined buildings has progressed rapidly. This is being done with extraordinary precautions. An escort of cavalry accompanies the wagons in which the treasures are hauled. All local courts have resumed business. Banks Are Opened. A signal proof that Baltimore is gradually resuming its normal condition is strikingly illustrated by the circumstance that all the banks opened in their temporary quarters at the usual banking hours, supplied with funds. Hundreds of depositors were at the banks early and all checks presented were promptly cashed. This morning the regular clearings will begin and general banking operations are now fully resumed. The vaults of all the national banks in Baltimore have now been . opened, and in each the contents were found to be absolutely not damaged in any respect whatever. Leading insurance agents say that at least $10,000,000 has already been paid out and that many millions in checks have been received here and are now on deposit ready to be paid. At a conference between the mayor and citizens' comimttee it was decided that no call would be made for outside assistance to relieve the distressed situation caused by the fire. If it is found necessary later on the municipality will float a loan to meet all demands.
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# News of the Day. President John F. Smith and seven of the 12 Mormon apostles have been summoned as witnesses in the Smoot case. Mr. Frank Ehlen has been appointed receiver by Judge Morris in the United States District Court, of Baltimore, for the Queen Anne, Maryland, Railroad Company. The holiday period for Baltimore as fixed by Governor Warfield has expired and the local banks will resume business today in all branches for the first time since the conflagration. The blowing up of a Pennsylvania Railroad locomotive at Ehrenfeld, Pa., last night, caused the death of three men and the probable fatal injury of two others. All were railroad employes. A telegram from Tsienan-Fu, capital of the province of Shantung, China, states that hundreds of lives were lost by the bursting of a dam in the Huangho river and that several villages have been destroyed. Six men, including Capt. Harvey McClelean, and Mate John McCumber, were lost yesterday in the wreck of the three-masted schooner Benjamin C. Cromwell, off Bellport, L. I. Two men of the eight on board came ashore on bits of wreckage and were taken to the Bellport life-saving station exhausted. Anna T. French, who for several months was the maid of Mrs. Payne, wife of Postmaster General Payne, in Washington, was arrested yesterday afternoon at the home of friends in the Park Slope district, Brooklyn. It was announced at the Brooklyn detective bureau that she turned over the jewelry worth $1,800 and $55 of the $150 in cash that was stolen from the Payne apartments in Washington last Thursday. Having lost $600,000 by the fall in steel, Mrs. Maria T. Kunzman committed suicide in New York yesterday.
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# BANKS OF BALTIMORE # RESUME BUSINESS BALTIMORE, Feb. 23.-The banks in this city resumed business to-day in all their branches for the first time since the fire. Under Governor Warfield's proclamation the enforced payment of protest-able paper has been suspended from Feb. 6, thus making it necessary for all who have matured obligations to take care of them before the close of banking hours to-day. The Baltimore Stock Exchange will not resume until to-morrow.
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BALTIMORE BANKS RESUME. All Branches of Business In the Bal. timore Banks Were Resumed Tuesday. / Baltimore, Feb. 24.-The banks in this city resumed business Tuesday, in all their branches for the first time since the fire. Under Gov. Warfield's proclamation, the enforced payment of protestable paper has been suspended from February 6, thus making it necessary for all who have matured obligations to take care of them before the close of banking hours Tuesday.
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# Banks Resume Business. Baltimore, Md., Feb. 24.-The banks in this city resumed business Tuesday in all their branches for the first time since the fire. Under Gov. Warefield's proclamation the enforced payment of protestable paper has been suspended from February 6, thus making it necessary for all who have matured obligations to take care of them before the close of banking hours. The Baltimore stock exchange will not resume until Wednesday.
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BANKS CLOSED MARYLAND BALTIMORE, Md., Feb. 25. (U.P.) All banks in Maryland were closed today under a three day banking holiday proclaimed by Governor Albert C. Ritchie to stop heavy withdrawals which threatened the stability of the state's financial institutions. The holiday, impounding deposits of more than $800,000,000 in 205 banks and trust companies, will continue at least through Tuesday. Governor Ritchie in a formal statement announcing the holiday expressed confidence the banks would be able to reopen on Wednesday after passage of emergency legislation enabling them to restrict demand withdrawals to a given percentage of depositors' funds. The governor expected to work out details of the legislation today with Attorny General William Preston Lane. The proposal will be presented to the state legislature when it reconvenes at Annapolis Monday night. Immediate passage under suspension of rules will be sought. Governor Ritchie announced the holiday last midnight after a six hour conference with leading Baltimore bankers at the federal reserve branch bank
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Banking Holiday for All Maryland Feb. Albert Ritchie late tonight declared tomorrow legal holiday all banking and financial institutions of Maryland and made Monday and Tuesday in an effort for banks here take against heavy this week. Howard Bruce, chairman of the Baltimore Trust company, said withdrawals totaling made his institution today and the week's withdrawals were $13,000,000.
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Banks on For Maryland Acts After Heavy Baltimore Feb. ciated bank and financial institution in Maryland closed today by proclamation of Governor Albert Ritchie stem heavy withdrawals from Baltimore concerns during the week. Governor Ritchie, by his proclamation, declared today legal holiday and with that the would be extended daily to include Monday and Tuesday while the Maryland general prepared legislation to aid the banks. The governor's statement as interpreted by Attorney General William Preston Lane, affectbanks, savings institutions, trust companies and building and lqan associations, totaling more than 200 in the state as well as the Baltimore stock exchange. withdrawal, principally by small depositors from Baltimore banks this week, prompted the bankers the state confer the Federal Reserve branch bank night with Governor Ritchie and state officials. The conference followed by the governor's proclamation and statement. Legislature to Act Attorney General Lane immediately began, with the aid of John Gringher, recently appointed state bank and the state law and banking departments, several measures intended relieve financial introduction in the state legislature. reconvenes at Annapolis Monday night. The provisions of the proposed legislation were not revealed the state officials but bankers timated they would be designed to declare the assets of all banking
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MARYLAND Governor Ritchie Acts to tect Institutions After Withdrawals. Baltimore, bank and financial institution in Maryland was closed today by proclamation of Gov. Albert Ritchie to stem heavy withdrawals from Baltimore concerns during the week. Governor Ritchie, by his proclamation, declared today legal day and accompanied it with statement that the moratorium would be extended daily to include Monday and Tuesday while the Maryland general assembly prepared legislation to aid the banks. The governor's interpreted by Attorney General William Preston Lane affected banks, savings institutions. trust companies building and loan associations, more than 200 the state as well as the Baltimore stock exchange. Withdrawal. withdrawal. principally by small depositors from Baltimore banks this week, prompted the of the state to confer federal branch bank last night with Ritchie state officials. The conference by the governor's proclamation and statement. Attorney General Lane immediately began, with the of John Ghingher, recently appointed state bank commissioner, and state and banking department, preparation several measures tended to relieve the financial cerns introduction in the state which reconvenes at napolis Monday night. The provisions the proposed legislation were not revealed by the state officials bankers they would designed to declare the assets of all banking institutions "frozen" basis that would classify them in the rate which withdrawals from each be permitted after the holiday's close. Harry Fahnestock, president the Baltimore stock exchange, nounced today the exchange would closed until further notice. Confer with Bankers. Washington, of the poration have been conferring Maryland bank officials the situation in that state the several and although corporation discuss the question was understood today that for the banks likely to arranged. Field workers for the corporation keeping in close touch with state officials well bank presidents and directors. Since the Michigan bank holiday two weeks ago, more than the usual been shown members of the corporation board anything connected with the banking situation. Executive meetings of the board have been held with all except the actually needed employes barred from the room.
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SENATE AND HOUSE BOTH APPROVE BILL CONCERNING BANKS Couzens Resolution Is Passed, Giving More Power to Comptroller. Feb. 25.-Acting senate today concurred in house to the Couzens emergency banking enabling the of the currency authorize bank co-operation banks in crises as those Maryland and Michigan. senate acted after the The resolution will sent to the White House for it has been signed Vic President Curtis Speaker Garner The would be in effect six with provision can be for like period by of the It introduced by Senator Couzens, (R.), Governor of declared eight-day Sponsors the believe will effective co-operation to emergencies as that in Specific against any of banking by national the nary powers granted the comptroller All banks Maryland closed under banking holiday by Albert Ritchie stop heavy drawals the stability of the state's financial instituThe holiday impounding deposits of more than $800,000,000 in 205 banks and companies. will con. at least through Tuesday Ritchie formal announcing the holiday exthe banks would be reopen Wednesday after passage of emergency legislation enabling to demand withdrawals given percentage of depositors' proposal will be presented legislature when Annapolis Monday night. Immediate passage under suspension of rules will be sought Governor Ritchie announced the holiday last midnight after six-hour conference leading Baltimore bankers the Federal Reserve Branch To assure legality of the action, he today to be legal holiday for all issued proclamation declaring financial in the state. He arranged issue similar proclamations succeeding business days until emergency legislation enacted. was precipitated by heavy withdrawals banks. The withdrawals began increased day by and yesterday reached One at $6,000,000 and the total for the week more than $13,000,000. banks have deposits of about Officials the crisis was conto city It was to the holiday the hold three-fourths the state's total deposits. The 205 banks the on Dec reported aggregate reof $889,000,000.
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BANK HOLIDAY IS DECLARED IN MARYLAND Governor Ritchie Takes Action To Prevent Withdrawals Of Money $13,000,000 IS TAKEN FROM ONE INSTITUTION Legislation For Protection Of Depositors Be Presented Feb. Governor Albert C. Ritchie late to-night declared to-morrow legal holiday for all banking and nancial of Maryland also made Monday and Tueslegal holidays an effort for day banks take against heavy withdrawals this week. Howard Bruce chairman Baltimore Company, talling $6,000,000 made his institution to-day and Governor Ritchie formal statement: believe there justification which place, savings Ritchio city and state these large withshould stop. concensus that bank holiday should be declared to-morrow, Monday and Tuesday, during certain legislathe protection the and security the banks could be presented to the legislabank holiday will cease soon legislation has been passed.
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IN MARYLAND Deposits Are Impounded BALTIMORE, Md. All banks in Maryland were closed Sat. urday under three-day banking holiday proclaimed by Gov. Albert Ritchie stop heavy withdrawwhich threatened the stability of the state's financial institutions The holiday. impounding depos its more than in banks and trust companies. will continue least thru Tuesday. Governor Ritchie formal statement announcing the holiday expressed confidence the banks would able to reopen on Wed nesday after passage of emergency legislation enabling them strict demand given percentage of funds. The governor expected to work out details of the legislation Satur day with Atty. Gen. William Pres. Lane. The proposal will be presented the state legislature when reconvenes at Annapolis Monday night. Immediate passage under suspension rules will be sought. Governor Ritchie announced the holiday last midnight after conference with leading timore bankers the federal branch bank. To assure legality of the action. he also issued proclamation claring Saturday to be legal iday for all financial Institutions similar (Continued on Page
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Maryland Emergency Bank Law Drafted Continued From Page 13 were hampered somewhat in transaction of business. Bank Statement Erroneous BALTIMORE, Feb. 25 (A P.).In the announcement of the Maryland bank holiday last night, statement was made that withdrawals from the Baltimore Trust Company yesterday were $6,000,000. incorrect, and was incorrectly attributed Howard Bruce, the board. Mr Bruce did not make statement. The was announced by the Bank who said it was from all Baltimore banks. The Associated Press is glad to this correction.
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DEPOSITORS Holiday Is Declared Bill Prepared as for Baltimore, Md., Feb. 25 State today rushed preparation legislation protect depositors Maryland closed by holiday proclamation of Governor Ritchie. Attorney General Lane completthe first draft the emergency plan and présented at conferattended by the governor and bank officials Just what the draft contained not made public. The final or measures to be given to the state legislature Monday, and quick passage and senate leaders. The present plan of the governor to end the holiday Despite the governor's proclawhich came Friday night conference of bankers here after withdrawals banks, those in the western tip of the state decided to remain open. At Cumberland, largest city the state with exception Baltimore, five banking institutions remained open, but they to take action before Monday on plans next week. The crisis was precipitated by withdrawals in Baltimore banks. bankers totaled million dollars Friday and 13 mildollars during the week. The withdrawals were and not confined to single bank. they said.
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MARYLANDERS LABOR BANK LEGISLATION Gov. Ritchie Expected to Offer Emergency Program Today Annapolis, Md. March Albert C. Ritchie announced early today the draft of the emerglegislative measure for governing the 200-odd banks of Maryland business and financial leaders remained in in Baltimore throughout the night. Members the Maryland General Assembly waited patiently here for the presentation the and an address by the governor provisions The speech set for last, night before joint both houses, was postponed until The three-day banking holiday which last Saturday tended by Ritchle to include today in the the legislation would enacted by the GenAssembly and the banks would be able to reopen The tentative measure would place wide powers in the hands of the bank to control all state banks and to regulate of deposits.