Annan, Horner & Company (Emmitsburg, MD)

Episode Information

Episode UID
65010671475
Episode Type
Suspension โ†’ Closure
Bank Type
private
Bank ID
6501067 routing
Routing Number
65-0106
Start Date
November 30, 1922
Location
Emmitsburg, Maryland (39.705, -77.327)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c3f3eaecf476bf53

Response Measures

None

Description

Articles report the firm inactive for ~2 years, suits by depositors, and receivers appointed; indictments for embezzlement noted.

Events (4)

1. November 30, 1922 Receivership
Newspaper Excerpt
A petition for a receivership for the banking firm of Annan, Horner & Co., of this place, has been filed by Dr. B. I. Jamison, through his attorney, Reno S. Harp.
Source
newspapers
2. January 25, 1923 Receivership
Newspaper Excerpt
John S. Newman, Leo Weinberg and Alexander Armstrong ... were appointed in the United States court receivers in bankruptcy for Annan, Horner and others, trading as Annan, Horner & Co., bankers, Emmitsburg.
Source
newspapers
3. September 28, 1923 Other
Newspaper Excerpt
Indictments here by the grand jury were returned against members of the Annan, Horner and Co., private firm whose bank went recently into the hands of a receiver.
Source
newspapers
4. * Suspension
Cause
Bank Specific Adverse Info
Cause Details
Firm was insolvent with liabilities ~ $110,000 and depositors suing for unpaid deposits following the bank becoming inactive.
Newspaper Excerpt
The banking firm has been inactive for about two years, the Farmers State Bank purchasing the banking house of the old firm.
Source
newspapers

Newspaper Articles (5)

Article from Catoctin Clarion, November 30, 1922

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Article Text

RECEIVERSHIP ASKED FOR ANNAN, HORNER & CO A petition for a receivership for the banking firm of Annan, Horner & Co., of this place, has been filed by Dr. B. I. Jamison, through his attorney, Reno S. Harp. The latter filed a bill Tuesday for Dr. Jamison alleging that the liabilities of the inactive banking house are about $110,000, the majority of this amount being owed depositors from and in this place. No estimate of the assets could be obtained. The banking firm has been inactive for about two years, the Farmers State Bank purchasing the banking house of the old firm. Numerous suits have been brought against the alleged insolvent company for collection of interest-bearing deposits made with the bank, it is said. The bill of complaint of Dr. Jamison states that the complainant deposited the sum of $645.37 in the bank August 8, 1921, to bear four per cent. interest and that to date none of this amount has been paid although several appeals have been made for payment. The bill further alleges that the banking firm of Annan, Horner & Co., owns real estate in and about Emmitsburg and also holds certain bank notes in the Baltimore Commercial Bank, Baltimore, these notes being deposited as collateral security for payment of loans received from time to time from the Baltimore Commercial Bank. The banking firm of Annan, Horner & Company is an old establishment in this community and at one time was considered one of the most substantial banking houses in this section of the State. Shortly after the sale of the old banking house, depositors started action to recover their money and at present some five or six suits are pending in the local court against the company. The partnership is composed of Anna E. Horner, J. Stewart Annan, Edgar L. Annan and Andrew A. Horner. Suits to recover deposits have been filed by Charles J. Rowe, $525; Mary E. Martin, $3,100; Robert B. Close, trustee, $5,116; Samoset Chocolates Co., $50; Emory C. Crum, $256; Ersa S. Six, $462; William B. Frizzell, Administrator, $385. -Emmitsburg Chronicle.


Article from Catoctin Clarion, December 14, 1922

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Article Text

IN U. S. COURT The financial difficulties of Annan, Horner and Company, bankers, *Emmitsburg will be aired in the United States district court in the near future. Judge John C. Rose late Monday afternoon issued an order giving the banking firm until December 23rd in which to file a reply to a petition asking that they be adjudged involuntary bankrupts. The petition was filed with the court by Newman & Newman, Leslie -M. Coblentz and Leo Weinberg, attorneys for Albert B. Close, administrator; Mary E. Martin and Ersa S. Six. The application for bankruptcy was based upon the receivership proceedings in the circuit court at Frederick, the petition pointing out that Reno S. Harp had been appointed receiver for the banking firm by a decree of the local court. The application for bankruptcy was necessary in order to give the U. S. court jurisdiction. It is the aim of the petitioner to have a trustee in bankruptcy appointed by the Federal court to take charge of the affairs and property of the firm.


Article from Catoctin Clarion, January 25, 1923

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Article Text

NAMED BANK RECEIVERS John S. Newman, Leo Weinberg and Alexander Armstrong Wednesday of last week were appointed in the United States court receivers in bankruptcy for Annan, Horner and others, trading as Annan, Horner & Co., bankers, Emmitsburg. Bond for $15,000 was given by the receivers.


Article from Catoctin Clarion, January 25, 1923

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Article Text

NAMED BANK RECEIVERS John S. Newman, Leo Weinberg and Alexander Armstrong Wednesday of last week were appointed in the United States court receivers in bankruptcy for Annan, Horner and others, trading as Annan, Horner & Co., bankers, Emmitsburg.


Article from Maryland Independent, September 28, 1923

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Article Text

NEWS MARYLAND IN ORDER SHORT Latest Doings In Various Parts of the State TOLD IN SHORT PARAGRAPHS Baltimore. - Roy Robinson and Frank Parker were granted paroles the years for from serving three Penitentiary Robinson burglary sen- was in Baltimore City. Parker was tenced to three years from Anne Arundel county on a charge of lar ceny of two bags of potatoes. Hyattsville.-Constable Thomas H. Garrison, of Hyattsville, has been ap pointed chief deputy Sheriff of Prince George's county by Sheriff James A. Sweeney. Garrison is the Republican nominee for Sheriff, as the result of the recent primaries, and will be opposed at the November election by John J. Fink, Democratic nominee. Cumberland. George Alexander Pearre, for 12 years in Congress from the Sixth Maryland district, fell dead in his home here. Mr. Pearre had been in failing health, but attended to his law practice, though dropping out of politics. His death came as great shock to his friends and professional associates. Frederick. Oliver H. Kefauver. and Morgan N. Kefauver, brothers. both seventy-one, ers eighty, of prominent rederick farmMiddletown Valley, of died within three hours other. Oliver H. as the result of acute each county, first, Kefauver indiges died his brother, three hours later, They illness of two after tion, an families. weeks. are survived by large Hyattsville Mrs. Elizabeth D. Out cault, ninety, widow of Andrew Out died at the home of her daughW. R. Beattie, in near here, from ter. cault, Heights, Mrs. Brunswick, infirmities Decatur N.J., of age. Born in New life spent most Ohio. She Mrs. in Columbus, Outcault Decatur of had Heights her lived with her daughter in a number of years. Baltimore.-It on a charge manufacturing and having in his pos85 gallons of a yeast sensession Klosterman, manufacturer, liquor. and Harry of was convicted 60 days in in the United Morris tenced Cumberland. A. to Soper, jail sentence by States Judge District Court. A heavier is customary in such cases, Judge Soper said, but the defendant's confession reputation community and his his at in his the trial were considered in favor. Baltimore.- for the formation Educabranch of the Workers' Baltimore of a Bureau of America in Charles tional progressing. according to committee are Kemper, chairman of the Mr. J. the matter in charge. Baltimore having in his report to the so-called Federation Kemper, of Labor on the conferCollege," said that a will "Labor effect the organization for October 28. the ence be called to indorsing The federawent on record affition and the various locals will be project, with the central body conferliated asked to send delegates to the ence. ac Baltimore As a step toward Maryland by the State of the of the Point Brunswick and quisition and Potomac Virginia at Potomac bridges River over Bridge of Rocks. the at Frederick and State Roads Commission asked the met of Commission the reproducestimate When prepare an structures. tion cost is completed. op this estimate of the endeavor two to obtain the Comwill Virginia. If a mission in concert with the next can be will be tions, price acting of both agreed States on for the Legislatures appropriate money the They are purchases. asked to free. The object is owned to charged. make now by corporations bridges and tolls are Baltimore. and city authori- Railofficials of the Pennsylvania and state others with the the controversy ties, interested road and in pertains in the city to Baltimore as it will be asked the to settle railroad. and meet Eastern in conference according Shore, to an Mer the anferry to problem, through the made Association. nouncement and Manufacturers of the associachants directors for board of Hotel Emerson met at the-summer time since matter. The the tion first the recess More discussed the ferry were present. and 40 of the directors was auDavis, of to the than E. Asbury name a president, committee situa- five and to make a to bring thorized special study of about a to endeavor possible. solution tion as early as charging Frederick.-Indletments, here by were returned embezzlement grand jury Andrew of the Annan, the against Frederick members A. county Horner and firm private Edgar of L. Annan, Co., whose went a bank the at Horner hands Emmitsburg of & receiver. recently are barred Many from into alleged offenses statute of of limitations. the prosecution Indictments against by the are individuals based on About offenses of losses. alleged been lost by $100,000 who complained is said to have the bank.