gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
004d93bc52f03057
Response Measures
None
Description
Failure explicitly tied to collapse of parent/organizer City Trust and Banking Co. of Baltimore.
Events (1)
1.March 21, 1904Receivership
Newspaper Excerpt
Receivers were today appointed for the Miners' and Merchants' Savings Bank of Lonaconing, which has $300,000 on deposit.
Source
newspapers
Newspaper Articles (12)
1.March 21, 1904The Topeka State JournalTopeka, KS
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Article Text
Receivers for a Bank. Cumberland, Md., March 21.-Receivers were today appointed for the Miners and Merchants' Savings bank of Lonaconing, which has $300,000 on deposit, its failure being consequent upon that of the City Trust and Banking company of Baltimore, which organized the Lonaconing institution.
2.March 21, 1904Evening Times-RepublicanMarshalltown, IA
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Article Text
Receiver for a Bank. Cumberland, Md., March 21.-A receiver was today appointed for the Miners' and Merchants' Savings bank, Lonaconing, which has $300,000 on deposit, its failure being consequent upon that of the City Trust and Banking Company, Baltimore, which organized the Lonaconing institution.
AFTERMATH OF THE GREAT BALTIMORE FIRE. CUMBERLAND, Md., March 21.Receivers were appointed today for the Miners' and Merchants' Saving bank of Lonaconing, which has $300,000 on deposit, its failure being consequent upon that of the City Trust and Banking company of Baltimore which organized the Lonaconing institution,
4.March 21, 1904Evening StarWashington, DC
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Article Text
Bank Closes Its Doors. Special Dispatch to The Evening Star. CUMBERLAND, Md., March 21.-The Miners' and Merchants' Savings Bank of Lonancoing closed its doors today, their failure being consequent upon that of the City Trust Company of Baltimore. The latter, it is stated, organized the Lonaaconing institution. Jas. Ternent is president and Hugh Scott cashier of the Lonanconing bank. D. J. Blackiston and P. C. Barnes, attorneys, were this morning appointed receivers. The bank had $300,000 on deposit. It is believed it will not pay over 50 cents on the dollar.
5.March 22, 1904New-York TribuneNew York, NY
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Article Text
MARYLAND BANK FAILS. Lonaconing Institution Carried Down by City Trust of Baltimore. Cumberland, Md., March 21.-Receivers were appointed to-day for the Miners and Merchants' Savings Bank, of Lonaconing, which has $300,000 on deposit. The failure was consequent on that of the City Trust and Banking Company, of Baltimore, which organized the Lonaconing institution.
6.March 22, 1904The Washington TimesWashington, DC
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Article Text
As a consequence of the financial troubles of the City Trust and Banking Company, of Baltimore, the Miners and Merchants' Savings Bank, of Lonaconing, Md., has closed its doors: James Ternent. president; Hugh Scott, cashier of the Lonaconing Bank; J. Blackistone, and P. C. Barnes, attorneys, were appointed receivers. The bank had $300,000 on deposit. It is believed it will not pay over 50 cents on the dollar.
7.March 22, 1904Ottumwa Tri-Weekly CourierOttumwa, IA
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Article Text
FOLLOWS PARENT BANK. Lonaconing, Md., Institution Goes Into Receivers' Hands. Cumberland, Md., March 21. - Receivers were today appointed for the Miners and Merchants Savings bank of Lonaconing, which has $300,000 on deposit. Its failure is consequent upon that of the City Trust and Banking Co., of Baltimore, which organized the Lonaconing institutian.
8.March 22, 1904The Indianapolis JournalIndianapolis, IN
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Article Text
Receivers for a Bank. CUMBERLAND, Md., March 21.-Receivers were to-day appointed for the Miners' and Merchants' Savings Bank of Lonaconing, which has $300,000 on deposit. its failure being consequent upon that of the City Trust and Banking Company of Baltimore, which organized the Lonaconing institution.
9.March 23, 1904The News & ObserverRaleigh, NC
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Article Text
Appointment of Receivers. Cumberland, Md., March 21.-Receivers were today appointed for the Miners and Merchants Savings Bank of Lonaconing, which had $300,000 on deposit, its failure being consequent upon that of the City Trust and Banking Company of Baltimore, which organized the Lonaconing institution.
10.March 25, 1904The Penn's Grove RecordPenns Grove, NJ
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Article Text
Maryland Bank Fails. Receivers have been appointed for the Miners' and Merchants' Savings Bank of Lonaconing, Md.
A Savings Bank Goes Into Receiver's Hand. Cumberland, Md., March 21.-Receivers were today appointed for the Miners and Merchants Savings Bank of Lonsaconing, which has $300,000 on deposit, its failure being consequent upon that of the City Trust and Banking Company of Baltimore, which organized the Lonsaconing institution.
12.April 13, 1904The Abbeville Press and BannerAbbeville, SC
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Article Text
Maryland Bank Fails. Receivers have been appointed for the Miners' and Merchants' Savings Bank of Lonaconing, Md.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.