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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.
Governor Predicts Reopening Next Week After New Law Is Passed Feb. Albert Ritchie late tonight declared tomorrow legal holiday for banking and financial institutions Maryland and also made Monday and Tuesday legal holidays in an effort for banks here take measures against heavy withdrawals this week. Howard Bruce, chairman of the board of the Baltimore Trust pany, withdrawals the amount of made his today and the total withdrawals amounted to $13,000,000. Must Stop Withdrawals Governor Ritchie said in formal statement: attended the meeting of bankevening with the idea doing whatever best the depositors. The interest of those who placed their money the banks must preserved above else. believe there no justification for the withdrawals which have cently been taking place. But protect the property and saving the people the city and state, these large withdrawals should stop. the consensus that bank holiday should declared tomorMonday Tuesday during which times certain legislation for the protection of the depositors and security of the banks could be sented the legislature. The bank holiday cease as soon the legislation passed and expecting that this will done and that the banks will be able to reopen Wednesday, with ample facilities for the needs of the people." The general assembly adjourned today until Monday night
BANKS IN MARYLAND CLOSED UNTIL MARCH BY RITCHIE'S ORDERS Annapolis, Md., Feb. 24.-Gov. Albert Ritchie late tonight issued proclamation closing all Maryland banks until Wednesday, March The action was to present legislation to the Legislature, Monday, which is aimed to aid the ailing banks. Many Baltimore banks aid from the Reconstruction Finance Corporation, including two banks in Annapolis. About months ago the Baltimore Trust Company was closed after run the bank reduced the deposits the danger point. This situation by Maryland men, who co-operated with Ritchie forming pool of to tied them in the emergency.
GETS Governor Orders Cessation For Three Not Justifiable, He Says. BALTIMORE Feb. ernor late tonight legal holiday for banking and Maryland and Monday Tuesday legal an for banks take against withdrawals this week. Howard Bruce, chairman the board the Baltimore Trust comsaid withdrawals the amount were made at his institoday the week's Governor Ritchie formal attended the of bankers with the idea doing whatever best for the The interest of who have placed their money the banks must above else. believe there no justification withdrawals recently taking place. But protect the property and savings the the city state, should the that bank holiday be declared tomorrow, Monday and Tuesday during which certain legislation for the tection the depositors and security of the banks could be presented legislature bank holiday will cease legislation has and am that this will and that the banks able reopen on nesday, ample facilities available for needs the people. The Maryland general assembly journed today until Monday night o'clock.
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.
Withdrawals Not $6,000,000 Baltimore, Md., Feb. 25 (AP)—In the announcement of the Maryland bank holiday last night, a statement was made that withdrawals from the Baltimore Trust Company yesterday were $6,000,000. This was incorrect, and was incorrectly attributed to Howard Bruce, chairman of the board. Mr. Bruce did not make a statement. The $6,000,000 withdrawal was announced by the bank commissioner, who said it was from all Baltimore banks. The Associated Press is glad to make this correction.
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152 BANKS BUSY MARYLAND Restricted Institutions in the State May Be Allowed Greater Discretion BALTIMORE, March 16. - -Three more banks were licensed to reopen today, bringing the total number of institutions now open in the State up to 152. Two of the banks opening today are State institutions, licensed by State Banking Commissioner Ghingher, and one is a Federal Reserve member. Curb May Be Eased Several other licenses may be issued today to other banks, it was indicated, while some banks which were permitted to reopen on a limited withdrawal basis will be allowed to increase this amount to depositors. Reorganization plans of the Baltimore Trust Company and the Union Trust have been practically completed, officials of the institutions said today, and they are now awaiting word from Washington that will permit them to reopen as national banks. May Join Reserve Another reorganization being worked out is that of the Hagerstown Banking and Trust Company which was not licensed to reopen. The Eastern Shore Trust, Company, largest banking institution in the State outside of Baltimore, is also working on plans to become a member of the Federal Reserve System. The company with its 21 branches is now operating on a limited withdrawal program.
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CONFIDENCE SHOWN IN NEARBY BANKS Virtually Every Institution in Metropolitan Area Gains in Deposits. Reassured by the display of confidence on the part of depositors yesterday. bank officials in nearby States eased the restrictions under which some of the institutions were operating and licensed several new ones to open today. Meanwhile the bankers themselves in institutions that have not been permitted to resume operations on an unrestricted schedule devoted their full time to plans that would permit them to get back on a 100 per cent basis. In many instances these included recrganization The Bank of Bowie was the only one in the vicinity of Washington which demonstrated its strength to such an extent in a single day that the 2 per cent withdrawal restriction on it was promptly lifted. Receiving Tellers Busy. Without exception the banks in the metropolitan area surrounding the Capital City reported business to be brisk at the receiving teller's window on the first day they have been permitted to open since the national banking holiday while the paying tellers found themselves for the most part with time hanging heavy on their hands. In addition to lifting the ban at Bowie, State Bank Commissioner John J Ghingher of Maryland permitted the Bank of Hampstead, Carroll County. to allow 10 per cent withdrawals today instead of 2 per cent He also licensed the Mercantile Savings Bank of Baltimore and the St Michaels Bank Talbot County, to reopen on a 2 per cent basis. These institutions were closed yesterday Another Maryland bank which will open for the first time today is the Forest Hill State Bank, Harford County. which will function on a 100 per cent basis. Reorganization plans of the Union Trust Co. of Baltimore and the Baltimore Trust Co were reported progressing satisfactorily These two large institutions. fami iar to most Maryland ers, are to be replaced by national banks. Record in Deposits. Officials of the 10 banks that have resumed operatic in Montgomery County reported today that deposits at the end of business yesterday aggregated nearly twice those of any previous day in their history The deposits made in one bank located in the metropolitan area totaled nearly $3,000,000, while those of another institution in the same district threatened the $2,000.000 mark R. Weir Waters, president of the Takoma Park Bank. said this morning that more than $2,700,000 was placed on deposit by patrons of that institution and that that figure far surpassed the total of withdrawals. The Silver Spring National Bank received $66,725.36 for deposit during the day, according to Ira C. Whitacre. cashier, who declared that the amount of deposits exceeded the total withdrawals by $45,725.36. Both Waters and Whitacre asserted that withdrawals were mainly on checks which were issued before or during the Maryland banking holiday and President Roosevelt's proclamation and had accumulated at the bank during the two periods. Some Gold Received. Regular depositors, they declared, showed no inclination to make withdrawals except for groceries. light, heat and other household necessities. Two other banks in the metropolitan district handled exceptionally large amounts of deposits. S. Walter Bogley, vice president of the Bank of Bethesda, and A. L. Votaw. cashier of the Citizen's Bank of Takoma Park, both said that deposits at their respective institutions were twice as much yesterday as they are normally. All four banks in the area immediately adjacent to the District of Columbia took in some gold in small amounts from their depositors. Bogley said that between $10,000 and $15,000 in gold was turned in at the Bank of Bethesda during the day. No heavy gold deposits were made by any one person, however. he declared. The Farmers Banking & Trust Co. of Rockville and the Bank of Damascus. the only members of the group of 10 county banks open for business that are operating on a restricted withdrawal basis, continued to grant its depositors 2 per cent withdrawals today. Awaits U. S. License. The Montgomery County National Bank at Rockville, the only bank in the county which is not open, was still awaiting today its license from the Federal Reserve Bank at Richmond to resume business. The bank had applied for a license to reopen on a 100 per cent withdrawal basis, according to the cashier. The banks of Prince Georges County were still taking deposits rapidly today, although business was much nearer normal than yesterday which witnessed a rush of depositors who threatened to swamp employes of several financial institutions in their eagerness to bank their money Another Prince Georges bank was opened to do business on a 100 per cent basis this morning- the Bank of Bowie was so to as it said brisk cashier, -and handle that according business it the office in arrived. to force deposits William was Luers unable Luers, he believed the restriction placed on
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DEPOSITS HEAVY IN REOPENED TRUST FIRMS 2 Big. Baltimore Institutions on Limited Basis Except For New Accounts BALTIMORE, March 22.Heavy deposits were made yesterday when the Union Trust Company and the Baltimore Trust Company reopened on a restricted withdrawal basis. Officials of the Union Trust Company said more than $1,000,000 in new accounts has been received, the money being placed in bailee accounts which are subject to 1.00 per cent withdrawal at any time. New For Old Old depositors of the institutions were informed that 5 per cent of their balances has been placed to their credit in a new account, pending reorganization. Both trust companies announced they will continue their efforts to gain permission to reorganize as national banks. The Eastern Shore Trust Company, largest institution in the Stat: .outside of Baltimore, sent its plan for reorganization into a member of the Federal Reserve System to State Banking Commissioner John J. Ghingher for approval. Test Suit on File A test suit on the validity of the State emergency banking bill, passed by the legislature shortly before the national bank holiday was ordered, continued in circuit court today. The suit was filed on behalf of certain depositors of the Baltimore Trust.
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BONDING FIRMS AGREE TO PAY ANNAPOLIS. July 18.-An agreement has been reached with 10 of the 12 surety companies bonding Maryland deposits in the Union Trust Company, Baltimore, under the terms of which a cash payment of $994,000 will be due on the $2,000,000 deposits as soon as the institution begins to operate on its reorganized basis. The bonding company will guarantee to the State another $594,000 on the $2,000,000 for a period of five years. The State also will hold claims of $412,000 against two surety companies in the hands of receivers. Governor Ritchie revealed that similar agreements have been made concerning $574,873 of State funds on deposit in the Baltimore Trust Company.
PLEDGES GOOD APPOINTEES FOR OFFICES Expects To Choose Men Of Only Highest Qualifications OBJECTS TO GIVING JOBS FOR FAVORS Candidate Wants Practical Insurance Man As Commissioner (Continued from Page 24) failure upon the part of the Bank Commissioner's office to meet the situation which confronted the country immediately after the Presidential election. "However, an examination of the record discloses that over period of years prior to that time, case after case arose which should not only have put the Bank Commissioner upon otice, but should have been warning to the Chief Executive of Maryland, that steps should be taken 'then and at once to protect and safeguard the depositors in the banks. Not Matter Of Politics "It can make no difference whether these banks were officered by gentlemen who are affiliated as Republicans or Democrats. That should not enter into the question. Futhermore, am not, in any sense of the word, condemning the management of all banks. am directing my remarks against certain banks which have heretofore termed the 'political banks. If it had not been for the dismal failure of these banks, the situation in Maryland would not and could not have been so disastrous to the general public. "On December 13. 1930, the Chesapeake Bank of Baltimore was placed in the hands of the State Bank Commissioner as receiver. The record of that proceeding shows the grossest sort of negligence on the part of the Bank Commissioner and bank examiners, in permitting that institution to continue in the manner in which had been conducted. According to the official examination which was reported in those proceedings in the Circuit Court No. of Baltimore city, it appears that the reserves of this bank, required by law, were exhausted." Bank Runs Are Cited "At that time great fear was entertained and wide disseminated that the Park Bank was in bad condition. So acute was this situation, you will that there were great runs on the Park Bank and some other banks in the city of Baltimore, including the Union Trust Company. "This condition itself should have been notice to the Chief Executive of this State that the office of the Bank Commissioner of Maryland was not functioning as it should. In spite, however, of these warnings and the repeated instances of remissness in the discharge of his duties as the Bank Commissioner of Maryland, he was, nevertheless, continued in office. "It must be remembere that shortly after the failure of this bank the Legislature Legislature by the present State Democratic machine, but there was no voice raised in protest, nor single line of remedial legislation enacted. Then came more rumors which involved the Union Trust Company and the Baltimore Trust Company, so that great runs were made upon both of these institutions. Unremedied, He Says "Still, the face of this, with knowledge which the Chief Executive must be charged with, of the inefficiency of the Bank Commissioner's office, the office was permitted to be carried on under the administration of the same
Politicana Annapolis, Nov. 1 (P)-Confidence for Governor Ritchie and the entire Democratic ticket. that Governor Ritchie would be re- elected by majority as great or larger than the 66,000 he received in 1930 was expressed tonight by Daniel S. Sullivan, who managed Dr. Charles Conley's primary campaign at an Anne Arundel county Democratic rally held at Crystal Beach. Approximately 3,000 persons, from every section of the county, gathered in and around the auditorium to hear local candidates speak. It was one of the largest rallies ever held in the county. Sullivan, who is chairman of the Democratic campaign speakers' committee, declared the attendance showed that Anne Arundel county was safe inefficient executive. Still nothing was done to remedy this situation or to take steps to protect the money of the many thousands of depositors. [Mr. Nice here read extracts from an address by Isaac Lobe Straus relating to the banking situation.] Questions Raised "I ask you, am right when I say there must be searching, thorough and impartial investigation? Am right when say that believe that if the true facts can disclosed, there may result some additional relief to the many thousands of unfortunate depositors, through salvaging and distribution of additional sums? "Are the people of Maryland to be forever kept in ignorance of the true facts, or are we, the people of Maryland, going to find out what became of our money? Are we not entitled to know, so that at least we may be able to profit by our sad experiences and provide against such condition in the future? Much has been said and written about this matter by worthy and respectable members of the Governor's own party. Criticism Is Cited "No denunciation I can make can be more severe than that of the Governor's opponent in the late primary and other prominent members of his own party. submit to you, the present Democratic dynasty to be continued in control, at sacrifice of the people's interest, and their right to know the conditions, so that, so far as it is humanly possible, these ditions may be rectified, or at least prevented in the future? "I propose searching, thorough and impartial investigation. propose that this shall be made by commission of three distinguished outstanding citizens to be appointed by me, regardless of their party affiliations, to whom shall delegate power equal to that of legislative inquisitorial investigators, and who shall report to me, so that may report to you. ask you, whose responsibility is it that at the close of business on April 29, 1933, there was total of State funds on deposit in various institutions to $7,112,759.42, of which more than two millions had been deposited by Mr Dennis, the State Treasurer, in the Union Trust Company, of which he was the president. Points To Deposits "Over one-half million was on deposit in the Baltimore Trust Company, and approximately $200,000.00 in the Title Guarantee and Trust Company, aggregating over $3,000,000 of the State's in these three banks, practically half of the total amount of the deposits of the State. "Upon the other hand, in the five national banks-the First National Bank, the Canton National Bank, the National Marine Bank, the National Central Bank and the Western National Bank-all of unquestionable solvency, there was less than $250,000 of the State's money on deposit. "I charge that the Governor of the State of Maryland knew the condition of these failing institutions. He could not have helped knowing it. His own appointee was Bank Commissioner of the State of Maryland. It was the latter's duty to keep the Chief Magistrate of this State advised. If he failed in this duty, then the Governor was Approximately For Nice thousand persons jammed into the Baltimore Talmud Torah Hall, 22 North Broadway last night to hear Harry W. Nice, Republican candidate for Governor and other members of the State-wide ticket. The rally was held under auspices of the East End Republican Club of which Samuel G. Lipman is president. Joseph Davis presided at the meeting. Harry F. Klinefelter, For Phelps vice-president of the Twenty-seventh Ward Republican Organization, went on record last night as indorsing John Phelps, independent candidate for judge of the Supreme Bench. derelict in his duty in not compelling him to keep him advised. "For months and months, however, running into years, it was common knowledge there was something wrong. Runs were being made upon these banks. Emergency meetings were being held, calls for aid were being sent to the Reconstruction Finance Corporation and large sums were secured from this source. "Why, under such circumstances. was this condition in the banking system of Maryland permitted to go on? There is only one answer. The political connections of the officers of these banks with the Democratic administration and the Chief Executive of the State were too close. The responsibility is on him and him alone. But this was not all. Long before the red flag of danger was waving over the Union Trust Company and the Baltimore Trust Company there had been two other failures in Baltimore city, to which have already referred. Way back in 1930 the Chesapeake Bank; then the Park Bank, with 80,000 or more depositors, working people, whose savings represented their all to them. "Nor were the depositors the only sufferers. Stockholders Hit, Claim "There were innocent, unsuspecting stockholders who had been led to believe that their investments in the stock of these institutions were safe. Stockholders who were induced to purchase stock of the Baltimore Trust Company within the last few weeks before its collapse, all of whose investments in this stock were wiped out completely. [At this point Mr. Nice referred at length to a description of the banking situation by Dr. Charles H. Conley an address at Hagerstown on June 19, 1934.] "Under the law of this State no stockholder be sued for double liability, save and except through receiver. It is pertinent, therefore, to inquire why the caused to be passed at the recent special session of the Legislature law preventing the appointment of receivers for these political banks, thus prohibiting the State Bank Examiner, under penalty of the law, from giving out information in connection with these political banks, safeguarding the large stockholders of such banks from being subject to double liability, and thus preventing the depositor from profiting from such action, while the stockholders of the smaller banks throughout the State were compelled to meet this obligation. This law has been extended for another year by executive proclamation. Calls Hold Too Strong "This political machine, however, built up with the people's money, was too powerful to overcome, and today the Democratic party, regard- shall not be selected for office merely less of the views of those thoughtful as reward for political favors. citizens who realized that the best "I have assured the people of this interests of their State and party State that the office of Insurance Comwould have been best served by missioner shall be filled by man of change of administration, finds itself in experience in insurance, competent and capable of fulfilling the duties the strangle hold of this Democratic which the office imposes upon him, machine. "Do those gentlemen who officered who will give his entire time to the discharge of his responsibilities. these banks and who are now straining every nerve and sinew to hold "I solemnly promise that when am elected Governor there shall be control of the State government. desire such an investigation? No. They no one appointed to fill public office have no love for the present Chief merely because of his political activiExecutive of this State, but to them ties. Appointees shall and must be he is safe. They are interested in men and women of high character and themselves, not in him. Their interest ability. is in maintaining the status quo, Refers To Auto Commissioner keeping the lid on, so that you and "What justification or excuse can the people of the State will never there be for the present automobile know the truth about these banks. who recently was ediWill Seek Advice torially called upon by The Evening "I have been questioned concerning appointments which I may make when am elected Governor. have stated, not once. but many times, that when am elected Governor, shall. in making my appointments, expect the assistance and advice of all associations which may be interested in the particular subject matter of the board or commission to be appointed. "I have laid down, as a primary principle, that there shall be minority representation on all boards and commissions. have criticized, and still criticize, the Public Service Commission as now composed. This Commission is of semi-judicial character. and, as such, its members should be and remain free from all political activities which might affect or tend to influence the exercise of their free will and judgement. "I am opposed to the practice of State Executive appointing. during the terms for which they are elected, members of the Legislature to public office or employment. Not Based On Favors "I have pledged myself that the police magistrates shall be men of high character and principle, and that they Sun to resign? For the present conservation commissioner, who has permitted an industry which, in 1919 was worth over $7,000,000 to the people of this State, to fall to such low level that today it is worth, according to the Governor's own statement, $2,000,000, and requires an expenditure of half million dollars to save it? "How can the Governor justify the appointment of an insurance sioner who lacked experience in insurance matters and who has failed to enforce the law providing for reserves to be put up by foreign insurance and casualty companies doing business in Maryland. which has caused great loss and suffering to those who have been so unfortunate as to have carried in such panies, relying upon the State insurance department to afford them
HOSPELHORN NAMED RECEIVER FOR BANK Action Follows Dropping Of Injunction Plea In Baltimore Trust Case [Continued From Page 18] generally been collected by bank receivers in Maryland, it was said. The receivership action was taken on a petition filed in the name of the State by Attorney-General Herbert R. O'Conor. Accompanying the petition was an exhibit consisting of a new order signed by Governor Ritchie and the Attorney-General authorizing the State Bank Commissioner to take over the old Baltimore Trust Company, which has been closed since February, 1933. The action was taken at a private hearing in Judge O'Dunne's chambers which was attended by Mr. Bruce, Edwin G. Baetjer, G. Ridgely Sappington, William D. Macmillan, Frederick W. Brune and a number of other attorneys, as well as by a number of representatives of the bank commissioner's office, including State Bank Commissioner John J. Ghingher. Mr. Ghingher, although not barred thereby from acting as receiver, did not so act, it was said, because he is one of the stockholders of the old trust company and also was formerly one of its officials. Bruce's Announcement In an announcement as soon as the appointment of the receiver was made Mr. Bruce said in part: "This is a consummation of the plan of reorganization that was submitted to depositors and other interested parties something over a year ago and to which they unanimously agreed—there being no dissent to the plan."
J. D. HOSPELHORN NAMED BALTO. TRUST RECEIVER Action Follows Dropping Of Injunction Fight On Reorganization TRANSFER OF ASSETS MET WITH OBJECTION All But Those Represented By Stockholders' Liability Shifted Under the final reorganization plan of the old Baltimore Trust Company, Deputy State Bank Commissioner John D. Hospelhorn today was named receiver for the institution. The action was taken immediately after the injunction proceedings against transfer of the old trust company's assets to a new liquidating corporation, provided for in the reorganization plan, were dropped after conferences of attorneys for the trust company, the State and the complainants in the injunction proceedings. Assets Turned Over The receivership action was characterized by Howard Bruce, former president of the old Baltimore Trust Company, as "a consummation of the plan of reorganization that was submitted to depositors and other interested parties something over a year ago." Under the newest feature of the reorganization plan all of the assets of the old institution except the potential assets represented by the statutory liability of stockholders have been turned over to the new liquidating organization, the Baltimore Trust Corporation. The duty of the new receiver will be to collect the statutory liability of the stockholders of the old bank, bearing an apparent value of $6,250,000.
Ritchie Named Bank Receiver Retiring Governor Appointed Counsel By Judge O'Dunne. BALTIMORE, Jan. 9.—Albert C. Ritchie, who retires today as Governor of Maryland, was appointed a counsel to the receivers for the old Baltimore Trust Company by Judge Eugene O'Dunne Tuesday. Others named were J. Purdon Wright and Joseph C. France. The receiver, John D. Hospelhorn, deputy State Bank Commissioner, was named three days ago. Judge O'Dunne named the three men at the end of a hearing on a petition in which it was asked by creditors' attorneys that "no counsel be appointed for an insolvent bank who has represented the Baltimore Trust Company at any time within the past five years; who has represented any closed or partly closed bank after February, 1933, or anyone who by political connections, as an officeholder, has been intimately connected with the creation of the bank moratorium of February, 1933." Governor Ritchie closed Maryland's banks by Executive decree, February 25, 1933, and later, President Roosevelt closed banks throughout the nation by official proclamation.
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Ritchie Surprised At Appointment BALTIMORE, Jan. 9.-Gov. Albert Ritchie today announced that he was "completely surprised" by his appointment, along with J. Purdon Wright and Joseph C. France, as co-counsel to the receiver for the old Baltimore Trust Company, and that it would take him several days to make his decision in the matter. Mr. France also deferred his decision and only Mr. Wright was positive in his acceptance of the post.
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'Still in Politics,' Ritchie Declares BALTIMORE, Jan. 10.-Albert C. Ritchie was back in Baltimore today, learning how it feels to be an ex-governor after 15 years at Annapolis. He made one thing clear-his intention to remain in politics. The former governor reiterated that he had not made a decision concerning his appointment as co-counsel for the receiver of the old Baltimore Trust Company. He said: "No, I'm not retiring from politics. I like the game and I am interested in the welfare of the State. I expect to do anything I can to help those in office handle the problems confronting us, the question of relief, for example. Some of us who have worked and worried about it may be able to help."
DECLINES POST AS COUNSEL TO BANK RECEIVER Ritchie Announces He Will Not Accept Baltimore Trust Job NAMED TUESDAY BY JUDGE O'DUNNE Former Governor Denies Any Relationship To Prevent His Acting Former Governor Ritchie last night announced that he will not accept appointment as one of counsel for the receiver of the Baltimore Trust Company, a post to which he was appointed by Judge Eugene O'Dunne Tuesday. In a formal statement issued at his new law office in the Baltimore Trust Building, the former Governor said: "My selection by Judge O'Dunne as one of the attorneys for the receiver of the Baltimore Trust Company was a complete surprise to me. The offer of such an important assignment, coming in the purely unsolicited way it did, has gratified me very much. Advised Judge O'Dunne "There is nothing in my relationship to the banking situation or to this particular institution which would prevent my accepting this appointment. But after considering all the circumstances, and sincerely appreciative as I am of the offer, I prefer not to accept it, and I advised Judge O'Dunne this afternoon that I will not do so." Mr. Ritchie declined to amplify his statement. It was understood, however, that he was reluctant to be associated so soon after leaving the Governor's office with an institution connected in the public mind with the 1933 bank moratorium. Judge O'Dunne named the former Governor, J. Purdon Wright and Joseph C. France as attorneys for the receiver of the trust company. Mr. Wright, a leading adviser of Governor Nice, and Mr. France, Baltimore county Democrat, accepted the appointments.
of the trust company. Mr. Ghingher, the judge said, had asked that he not be named because he was actively connected with the Baltimore Trust Company before becoming Bank Commission, and was a stockholder. The principal duty of the receiver, it was said, will be to enforce the stockholders' statutory liability, with an apparent value of about $6,250,000, against the 3,800 stockholders of the bank. law that a "get," to be valid, must be the free and voluntary action of the husband, Judge Eugene O'Dunne yesterday dismissed the petition filed by Miss Rose Zerlin asking that her former husband, Isidor Levin, be required to give her a Jewish "get," or divorce. Levin, according to the complainant, contracted with her to apply for a
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RITCHIE REFUSES POST. BALTIMORE, January 12 (P).Former Gov. Albert C. Ritchie said last night he had declined appointment as member of counsel to receivers of the Baltimore Trust Co. In the short statement announcing his decision he gave no reason for the action.
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COURT ACTION ORDERED AGAINST BANK OFFICERS Judge Tells Attorneys to Prosecute Civil Suits in Baltimore Trust Failure. Ey the Associated Press. BALTIMORE, July 2.-Judge Eugene O'Dunne ordered counsel for the receivers of the defunct Baltimore Trust Co. to "relentlessly prosecute" suits in law or equity against "each
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# U. S. APPEALS TAX CASE # AGAINST BANK RECEIVER High Maryland Court Asked to Collect $16,180 Income Levy in Baltimore Trust Litigation. By the Associated Press. ANNAPOLIS, October 7. - The State Court of Appeals was asked by the Federal Government yesterday to col- lect income taxes of $16,180 from John D. Hospelhorn, deputy State bank commissioner, as receiver for the Baltimore Trust Co. The Federal claim, which seeks 6 per cent interest on the tax from November 12, 1935, was instituted by M. Hampton Magruder, collector of internal revenue for Maryland, in Baltimore City Circuit Court. Ma- gruder appealed Judge Eugene O'Dunne's decision sustaining Hos- pelhorn's objections. Hospelhorn contended the addi- tioned taxes, asked for 1930, 1931 and 1932, were rentals received by the trust company as trustee and did not constitute taxable income. Homer R. Miller, special Internal Revenue Bureau attorney, said the trust company failed to report as tax- able income a total of $112,499 it re- ceived from rentals.