Maryland Trust Company (Baltimore, MD)

Episode Information

Episode UID
6741656591246
Episode Type
Suspension โ†’ Reopening
Bank Type
trust
Bank ID
674165659 hash
Start Date
October 19, 1903
Location
Baltimore, Maryland (39.290, -76.612)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
49be5b8393cb5dd7

Response Measures

None

Description

Former officials were later indicted; reopening followed a ~2-year receivership.

Events (3)

1. October 19, 1903 Suspension
Cause
Government Action
Cause Details
Went into the hands of a receiver and closed on October 19, 1903.
Newspaper Excerpt
been in the hands of a receiver since October 19, 1903, when its doors were closed.
Source
newspapers
2. December 19, 1905 Reopening
Newspaper Excerpt
The Maryland Trust Company today resumed business with a balance of assets over liabilities of more than $750,000 after having been in the hands of a receiver since October 19, 1903, when its doors were closed. The principal business transaction today was the payment to creditors of an amount in the neighborhood of $1,700,000.
Source
newspapers
3. January 2, 1906 Other
Newspaper Excerpt
grand jury ... returned indictments against three of the former officials, one of them Henry J. Bowdoin ... was arrested on a capias from the criminal court and released under a bond of $10,000.
Source
newspapers

Newspaper Articles (15)

Article from Evening Times-Republican, December 19, 1905

Click image to open full size in new tab

Article Text

TRUST COMPANY RESUMES. Maryland Institution Reopens After Being Closed Two Years. Baltimore, Md., Dec. 19.-The Maryland Trust Company today resumed business with a balance of assets over liabilities of more than $750,000 after having been in the hands of a receiver since October 19, 1903, when its doors were closed. The principal business transaction today was the payment to creditors of an amount in the neighborhood of $1,700,000. The first account opened today was with an elderly woman who had been one of the creditors of the institution. New York capital is largely interested in the reorganized company.


Article from Milford Chronicle, December 22, 1905

Click image to open full size in new tab

Article Text

Maryland Trust Company Resumes. Baltimore, Md., Dec. 19.-The Maryland Trust company resumed business, with a balance of assets over liabilities of more thai $750,000, after having been in the hands of a receiver since October 19, 1903, when its doors were closed. The principal business transacted was the payment to creditors of an amount in the neighborhood of $1,700,000. The first account opened Avas with an elderly lady who had been one of the creditors of the institution. New York capital is largely interested in the reorganized company.


Article from Richmond Planet, December 23, 1905

Click image to open full size in new tab

Article Text

Maryland Trust Company Resumes. Baltimore, Md., Dec. 19.-The Maryland Trust company resumed business, with a balance of assets over liabilities of more thai $750,000, after having been in the hands of a receiver since October 19, 1903, when its doors were closed. The principal business transacted was the payment to creditors of an amount in the neighborhood of $1,700,000. The first account opened was with an elderly lady who had been one of the creditors of the institution. New York capital is largely interested in the reorganized company.


Article from Arizona Republican, January 3, 1906

Click image to open full size in new tab

Article Text

OFFICERS INDICTED. A Result of Investigation of Affairs of Maryland Trust Company. Baltimore, Mr., Jan. 2.-The grand jury which has been investigating the affairs of the Maryland Trust company, under the old regime, today returned indictments against three of the former officials, one of them Henry J. Boddoin, who was the vice president and in active charge at the time of suspension, was arrested on a capias from the criminal court and released under a bond of $10,000. The other two have not been arrested, and until they are taken into custody their names are withheld.


Article from Perth Amboy Evening News, January 3, 1906

Click image to open full size in new tab

Article Text

# Henry J. Bowdoin Arrested. BALTIMORE, Jan. 3. - The grand jury which has been investigating the affairs of the Maryland Trust company under the old regime returned presentments against three of the former officials, and one of them. Henry J. Bowdoin, who was the vice president and in active charge at the time of suspension, has been arrested.


Article from The Birmingham Age-Herald, January 3, 1906

Click image to open full size in new tab

Article Text

Presentments Against Officers. Baltimore, January 2.-The grand jury which has been investigating the affairs of the Maryland Trust company under the old regime today returned presentments against three of the former officials, one of them Henry W. Bodoin, who was the vice president and in active charge at the time 01 suspension, was arrested on a capias from the criminal court and released under a bond of $10,000. The other two have not been arrested and until they are taken into custody their names are withheld by the states attorney office.


Article from The Pensacola Journal, January 3, 1906

Click image to open full size in new tab

Article Text

# OLD OFFICIALS # UNDER ARREST By Associated Press. Baltimore, Jan. 2. -The grand jury which has been investigating the affairs of the Maryland Trust Co. under the old regime today returned a presentment against three former officials. One of them, Henry J. Bowden, who was vice president and in active charge at the time of the suspension, was arrested on a capas from the criminal court and released under a bond of ten thousand dollars. The other two has not been arrested, and their names are withheld.


Article from Waterbury Evening Democrat, January 3, 1906

Click image to open full size in new tab

Article Text

Henry J. Bowdela Arrested. BALTIMORE, Jan. 3. - The - grand jury which has been investigating the affairs of the Maryland Trust company under the old regime returned presentments against three of the former officials, and one of them. Henry J. Bowdoin. who was the vice president and in active charge at the time of suspension, has been arrested.


Article from The Forrest City Times, January 5, 1906

Click image to open full size in new tab

Article Text

RETURNED PRESENTMENTS The Grand Jury at Baltimore, Md., Indicts Former Officials of the Maryland Trust Co. Baltimore, Md., Jan. 3.-The grand jury which has been investigating the affairs of the Maryland Trust Co., under the old regime, returned presentments against three of the former officials, one of them, Henry J. Bowdoin, who was the vice-president and in active charge at the time of the suspension, was arrested on a capias from the criminal court and released under bond of $10,000. The other two have not been arrested.


Article from The Stark County Democrat, January 5, 1906

Click image to open full size in new tab

Article Text

BIG FINANCIERS WERE PLACED ON THE CARPET TO TESTIFY Presentments Grand Jury Finds Against Former Officials of the Maryland Trust Company. Baltimore, Md., Jan. 2-The grand jury has found presentments against three former officers of the Maryland Trust Company serving at the time their company went into the hands of 1 receiver. one of these, Henry I Bowdoin, was arrested this afternoon. Mr. Bowdoin was the vice president of the company at the time of its failure. The presentment is based on alleged negngence in the management of the company's affairs in that department over which he had juriadiction. The greater. secrecy is being maintained as to the identity of the other officials accused. The grand jury has been investigating the affairs of the company for the last month. Prominent financiers, brokers, officials and employes of the company have been ordered before the body to test.fy concerning the management of the company prior to its failure. The Maryland Trust company went into the hands of a receiver on October 19, 1903. The company has been reorganized and a few days ago re. opened its doors with a capital of $1, 000,000.


Article from Iron County Register, January 11, 1906

Click image to open full size in new tab

Article Text

RETURNED PRESENTMENTS The Grand Jury at Baltimore, Md., Indicts Former Officials of the Maryland Trust Co. Balitmore, Md., Jan. 4.-The grand jury which has been investigating the affairs of the Maryland Trust Co., under the old regime, returned presentments against three of the former officials. One of them, Henry J. Bowdoin, who was the vice-president and in active charge at the time of the suspension, was arrested on a capias from the criminal court and released under bond of $10,000. The other two have not been arrested.


Article from Mexico Missouri Message, January 11, 1906

Click image to open full size in new tab

Article Text

RETURNED PRESENTMENTS The Grand Jury at Baltimore, Md., Indicts Former Officials of the Maryland Trust Co. Balitmore, Md., Jan. 4.-The grand jury which has been investigating the affairs of the Maryland Trust Co., under the old regime, returned presentments against three of the former officials. One of them, Henry J. Bowdoin, who was the vice-president and in active charge at the time of the suspension, was arrested on a capias from the criminal court and released under bond of $10,000. The other two have not been arrested.


Article from Ripley County Democrat, January 12, 1906

Click image to open full size in new tab

Article Text

AN INVESTIGATION IS ON The Grand Jury at Baltimore, Md., Indicts Former Officials of the Maryland Trust Co. Baltimore, Md., Jan. 3.-The grand jury which has been investigating the affairs of the Maryland Trust Co., under the old regime, returned presentments against three of the former officials. One of them, Henry J. Bowdoin, who was the vice-president and in active charge at the time of the suspension, was arrested on a capias from the criminal court and released under bond of $10,000. The other two have not been arrested.


Article from Morgan County Democrat, January 12, 1906

Click image to open full size in new tab

Article Text

RETURNED PRESENTMENTS The Grand Jury at Baltimore, Md., Indicts Former Officials of the Maryland Trunt Co. Balitmore, Md., Jan. 4.-The grand jury which has been investigating the affairs of the Maryland Trust Co., under the old regime, returned presentments against three of the former officials. On of them, Heury J. Bowdoin, who was the vice-president and in active charge at the time of the suspension, was are rested on a capias from the criminal court and released under bond of $10,000. The other two have not been are rested.


Article from Evening Star, January 13, 1906

Click image to open full size in new tab

Article Text

Maryland Trust Won $281,447 Suit. By a decision of the Maryland court of appeals at Baltimore yesterday the Me-chanics' National Bank of Baltimore loses its suit against the Maryland Trust Com-pany for $281,447, the case arising out of a deal which netted Mr. John B. Ramsay, president of the bank, a commission of $100,000. The deal occurred before the Maryland Trust went into a receiver's hands, and arose out of the absorption by that company of the Guardian Trust Com-pany. According to the opinion of the court Mr. Ramsay was acting as agent for the Maryland Trust, one provision of the deal being that the Maryland Trust was to buy up a large share of its own stock, the money for that purpose to be advanced by the Mechanics' National Bank. The amount thus advanced, with interest, aggregates