Miners & Merchants Bank (Lonaconing, MD)

Episode Information

Episode UID
9725265791251
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
972526579 hash
Start Date
March 21, 1904
Location
Lonaconing, Maryland (39.566, -78.980)

Metadata

Model
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, 1904 Receivership
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)

Article from The Topeka State Journal, March 21, 1904

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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.


Article from Evening Times-Republican, March 21, 1904

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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.


Article from Las Vegas Daily Optic, March 21, 1904

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Article Text

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,


Article from Evening Star, March 21, 1904

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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.


Article from New-York Tribune, March 22, 1904

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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.


Article from The Washington Times, March 22, 1904

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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.


Article from Ottumwa Tri-Weekly Courier, March 22, 1904

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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.


Article from The Indianapolis Journal, March 22, 1904

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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.


Article from The News & Observer, March 23, 1904

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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.


Article from The Penn's Grove Record, March 25, 1904

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Article Text

Maryland Bank Fails. Receivers have been appointed for the Miners' and Merchants' Savings Bank of Lonaconing, Md.


Article from The Semi-Weekly Messenger, March 25, 1904

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Article Text

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.


Article from The Abbeville Press and Banner, April 13, 1904

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Article Text

Maryland Bank Fails. Receivers have been appointed for the Miners' and Merchants' Savings Bank of Lonaconing, Md.