The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1876-04-01

and its Tributaries, and served ON the
Committees on Engrossed Bills and Insol-
vent Laws. After Mr.. Tones retirement
from the Senate, in 1867, he took no part
in political matters, until in 1871. when he
was unanimously nominated by the Union
Republican party of the State, as Governor
of Maryland. He was defeated by VIM.
Pinkney Whyte, present United States
Senator from Maryland, although he carried
his own county by a majority of about 80,
against considerable standing Democratic
majority.
OF all Mr.. Tome'e business enterprises,
perhaps none have developed more unusual
business talents, than his banking opera
tons. For a number of years. he was
private banker for the business men of
Port Deposit. Ia May, 1850, he, with
others, having procured a charter for the
Cecil Bank, at Port Deposit, opened it
with a capital of only $4,000. It's officers
were J. Tome, President, and Allen Ander-
son, Cashier, Mr.. Tome owning the princi-
pal portion of the stock. Banks were not
then in very good repute in that town and
vicinity. The Susquehanna Bridge &
Banking Company, and the Susquehanna
Bank, had failed, both located in Port De-
post. The Elkton Branch of the old
Maryland Bank, and the Havre de Grace
Bank, had also gone under, both near by,
so that banking in that locality was rather
in disrepute with the people. Beside, this
new bank had but $2J, 900 capital paid in,
and was owned and controlled by one man.
Very naturally very many persons refused
to take the paper of the Cecil Bank, and it
was at a discount of from , to 3 per cent
in the cities. Mr.. Tome, determining that
it should stand on its own merits, and win
its way to public confidence and favor,
made no provision for its redemption at par
in the cities. Many of the customers of
the bank were lumbermen from the Upper
Susquehanna river counties, who found
trouble in using its notes, in consequence
of some of the banks in their vicinites
refusing to take them on deposit. Mr..
Tome. with his usual sagaclty and prompt
ness of action, selected the bank most
important for his purpose, and employed
agents in the cities to buy up the notes of
this particular Pennsylvania Bank. When
lie had secured such amount as he deemed
sufficient, he went to the town in which
the bank was located, where he arrived
opened in the morning, he appeared at its
counter, carpet bag in hand. Presenting
a small package of its paper, he asked for
coin in exchange. This amount received,
he drew forth Il larger package and de-
manded gold. This done, he again drew
forth a still larger package, and again
asked for coin. This being paid him, a
still larger package of paper was presented
for redemption. The Cashier felt he was
getting on the ragged edge of things,
and desired to know Mr.. Tones name
and address, and how much more of their
paper he had for redemption. Mr.. Tome
made himself known, and avowed his de-
sign to compel an arrangement, by which
the notes of the Cecil Bank would be
received by that bank on deposit. The
President was sent for, and after consulta-
ton, an amcable understanding was reach
ed between the two bank Presidents.
The capital of the Cecil Bank increased
yearly, until 500, 900 were paid in, and in
1864. it had a surplus of 100000. 1t then
became a National Bank, and 100000
more capital was paid in, making its pres
ent capital $780, 900. Its present officers
are J. Tome. President, and Robt. c.. Hop
kins, Cashier The Cecil Bank was opened
in the banking house of the old Susque-
hanna Bridge 4 Banking Company, and
continued there until that building was
sold by John Glenn and S. Teackle Wallis,
trustees, and purchased by Edwin Wilmer,
as a residence. The bank was then moved
to the basement of the house of the Cashier,
Allen Anderson, and was continued there
until Mr. Tones new dwelling and bank,
ing house were completed, when the bank
was removed to its present location. This
building was remodeled in 1869, and was
finally completed in 1872. In solidity of
construction, in beauty of proportion, and
ornamental surroundings, it is not eXcelled
by any residence in the State.
Mr.. Tones next banking enterprise in
Cecil, was the purchase, in 1868, OF the
Elkton National Bank, with capital of
800, 600, and its reorganization, with Jacob
Tome, President, and Richard Mcfarland,
Cashier. In 1868, Mr.. Tome opened the
Fredericksburg va Bank, with capital
of 800, 900, J. Tome, President, and John
NJ. Wallace, Cashier. Subsequently, he
purchased the National Bank, at Hagers-
town, Md, and removed it to Washington,
where rechartered and reorganized, it is
now the Citizens National Bank of Wash
ington City, with a capital of $500, 900,
John A. j. Creswel, President; A. X
Appleman, Vice President. AS a place OF
business for this bank, the building of the
First National Bank, built and formerly
owned by Jay Cooke, located on 10Th
street, opposite the Treasury Building, was
purchased for 81, 100000, and $2s, 10000
being expended upon it, it is now conceded
to be the finest banking house in the city
of Washington. Mr.. Tome is also stock
holder and director in the Third National,
and the Marine Bank of Baltimore, and in
the Lock Haven Bank, at Lock Haven,
Pennsylvania.
On the 9th of December, 1S41, Mr.. Tome
was married to Miss Caroline NJ. Webb. of
Port Deposit, a most estimable lady. The
fruit of this marriage was several children,
all of whom died in infancy. Mrs. Tome
was a member of the Methodist Church.
and although not Il member himself, yet
Mr. Tome has always been uniform in his
attendance thereat In 1865, he conceived
the purpose of building a new church edi-
flee, and donating it to the Trustees of the
NJ Z. Church of the town of Port Deposit.
The structure was commenced, and the
building completed, and dedicated on the
3Oth of October, 1871, the dedicatory ser
vices being conducted 10y the Rev. Bishop