Show I TWO BALTIMORE I BANKS SUSPEND t Liabilities in the Neighborhood 0 o S 11 S t MANY MAHY WILD RUMORS AFLOAT Df j KAY Mt 30 3 ao t BALTIMORE Md Oct W b ha JK been a day of excitement Gd t tand and subdued anxiety In the finan nEn financial cia cial I and business bu circles of Baltimore Lu a dozen dosen reports well calculated to provoke a wholesale run on banks ks did Id not reach the great at army of et t de depositors deO O throughout the city gh atY giving ing ample time for conservative leaders of business to allay aUay x apprehension a n sion before bt tore it reached dan pro proportions proportions portions port The day began Ix gan with the announce announcement I Ia a ment nent of o the failure of oC the Maryland Trim t torn pa ny and except to a few the news came as a a bolt out of a cleat clear eky kj spreading consternation In all an 11 di 41 directions diz z To these few ew it was wan known that the trust truit company had long 10 ben been JlIng with undigested securities that thaI it had bad sustained u heavy heay be y withdraw withdrawals withdrawal als al of or deposits and that finally on Sat Sati i urda last laft it ft had haI failed d in its Ita efforts e I 3 Ito to negotiate a loan in London Jib Many Rumors Afloat The suspension of the Union UJ Trust Tnt corn pan P n which happened at a late I hour hoar in the day gave gae impetus to many ban I rumors as to other financial I Institutions which might well ell have ve vec created c ea tP a panic had they F been given elven I currency early farly in the th day lay I It was agreed among the leaders leaden and aad anden BO en given out that there is i nothing alarming in the general financial situ situation tu utin in jn this city and that the mere fact tact that temporary difficulties over overstock overtook overy y took stock t oo k one or two t wo concerns Is no noI reason f I Yn h hy other ther r perfectly solvent institutions should be regarded with suspicion on nr of cf t the most prominent bankers la In InS S Baltimore said Id S Tim to Keep isep Cool It Jt aU all depends upon how bow the people of et act ct If It they do not lose their then heads beada the die trouble will blow over in time and nobody will be hurt burt but If Ift t he h y become the come conse nw I U rue Ii C I will win be serious This to is a time timeto to ti 11 tIr r aim judgment Allan McLane third thirl vice president of I thu Mar Maryland viand Trust company was ap apI p I Iolli t i to ake take charge of the affairs o of S that company compan Miles Mile White jr first tb st MIC i president of 01 the Union Trust Truet corn com vany was wa appointed receiver of that Institution Mr McLane gave ave bond m in mth th Thi um sum of and Mr White ga gave Yf e bond in the sum of 1000 The he last statement of ot the Maryland Marylad Trust company issued on June 80 30 ISO 19 11 showed d capital stock clock of 15 stir sur V 7 Ius and undivided profits of f L 77 86 The Th company has hae demand S and an time deposits amounting to 5 5 S 15 S Th The Trust company at the olote of business butin 1 on March Matth 31 1 had bad tock of fl surplus of It and undivided 1 td profits prots of 1 1 87 The Union Trust company had lad hadi i deposits amounting to nearly 2 The rhe filing tHing of the first applications for receivers celTS rt for tor the embarrassed com compa pa paries ries was followed by petitions for co core receivers re for tor both companies S Liabilities Nearly The Tue total liabilities of the two com corn paries parie exceed The Th cause of the Maryland Trust failure was due as set Bet forth in th the statement of or Receiver to the investment of at the assets ebl aa of the theL L in in Mexican railway securities bien could not net be marketed The Tho I Trust company failed because UR URor nf or a 1 L run on its banking department 0 fth ut ir having been Deen withdrawn b by depositors today but the real trou troublE bl blE bk s of Ut the company had their origin In Sn the organization or of the South A I railway ralla In Virginia In which sR A c of about was wag Contemplated The Union company a R the fiscal agent nt for the Virginia Vi Tit just jost as ag the Maryland com corn comI I ar arv was as the fiscal l agent for the Mex Xex 1 ka ii n i rail ail way wy i these two Uv failures followed FI SI 0 I 1417 y it can be stated on ungues n t int ir m i authority that there was w no eon con cont 4 1 t tori Olt whatever ever between the two The Thet TheS S M i gland tyland t Tract Tru t company and th tb thi rj 1 i in n Trust company were not jointly I t 7 rested ed In any enterprise Neither i I managed med trust estates J O ar Secant Troubles ere re have ve been beeD other financial trou tron trout t I in Baltimore recently Involving the f V Trust A Ie Banking company and th thi H j i ice I f company and William J J Jf 1 f Co but it Is III not believed t iv wire re in any manner forerunners j U i ty iI i y 5 suspensions Au J W S l d i for his firm ibm and J L Mims SoD Sons of 0 Richmond said saidi i S ht difficulties of the Maryland Tr M company have lun no relationship to ours our Neither X r our or firm arm nor or Mr WU Wil WilI II 1 I f T Ti v S owes a i L dollar to the Maryland T r it company nor does that corn COUl COUll p l n ny owe us anything the alarming alan lne rumors rumon afloat v i l one on to the effect t that the T it Y of Baltimore had millions of its tt t asu urE re realized realised from the Western railroad l Involved In III f I Investigation Inv tI proved bow Hw C r f and the finance commissioner co 1 l 1 MI so o Jl d that the city has haa haan n fly I v invested with the Mary Kary MaryI J I thi Trust Truet and that this is ill isK IsI K I uret hy by three bonding boDding companies of oft 1 t tJ i ik ity |