Show BANK 1 FAILURE IN BALTIMORE Receiver Appointed for McKim Co of Baltimore Old x Established Firm Baltimore Md Id July 1 IThe The banking and brokerage firm of o 0 McKim 8 Co was as placed In the hands n lR of Charles Morris Howard as receiver today Mr Howard said he could not as yet give any an fig figures figures figures ures as to the liabilities etc Mr Ir Howard gave bonds for 00 which would seem to Indicate that the liabilities were half that amount With Withdrawals of deposits and poor business coupled with the tue desire of Hollins Mc McKim McKim Kim the chief Chier partner who is getting along aion in hi years rear to retire from active actie bus business busI I iness mess were wor given then as time the th reasons for the action Receiver Howard issued a state statement statement statement ment in which h he lie said I Funds in Real Estate It was deemed wise Tise to wind windup up the business The move moe was not an antagonistic antagonistic antagonistic one but hut was Va made by h the time firms associates and with the time full consent of Mr Ill Hollins M 1 Kim It is his Imis capital that thatis is really involved In addition to the de depressed depressed depressed pressed conditions now prevalent alent in the tho financial world this bank had the handi handicap handicap handicap cap of having a large part of its capital locked up in real r al estate This kind of capital is of course not readily available bie ble It lt is very valuable and it Is hoped that it can soon Eoon be marketed and that the affairs of the tiie concern could be speed speedily speedIly ily liquidated Firm an Old One The rhe house was established in lSd It is composed at present of Hollins McKim E K A Betsworth and anti S S Sterrett Mc McKim McKim Kim The assignment of the firm created con considerable considerable considerable sentiment because of its old oid established character but In banking cir circles circles cirdes cles des it was not regarded as showing wak ness in any other quarter qUarters The concern has not embarked in any nn large new enterprises for several years ears it was said It was set sot forth ir II the pe petition petition petition for a receiver that the firms cap capital capItal ital Is largely large Invested in real estate In InI Baltimore city it and county count some of which I is unimproved and could not readily be realized upon |