The Baltimore County union. [volume] (Towsontown, Md.) 1865-1909, 1878-10-12
REPORTED FINANCIAL TROUBLES AT
SHREWSBURY.

The Shrewsbury correspondent of the York
Gazette, writing under date of October 9TH, gives
a rather startling account of the financial embar-
easements of some of the business men of that
place and vicinity. The Mr. Kolter referred to is
a member of the firm of Kolter & Latimer and is
well known in Baltimore county, where the firm
owns large tracts of woodland. ThecorrespoHdent
says:
"This community for the past week has been in
state of financial excitement, something likethat
of twenty years ago. The assignment of one and
the reported failure of another, both prominent
men and severally connected with different firms,
made it difficult for the g0ssper or even the clear
headed business man. to get at the facts, hence the
widest stories were put afoat, which were calcu-
lated to shake up community like this. The
facts, as gather them are these:-
The friends of Mr. Latimer most deeply interested
in his welfare, considering his state of health,
which is such as to render him unfit for active
business, decided to cause q settlement OF his es
tate. In view of this an assignment was decided
upon and executed. The community, however,
took different view of the matter, and reckOned
it as failure. As soon as this became known
trouble commenced to spring up.
"a few days later comes the report of the failure
of Redsecker Young, of Middletown, Pa who is
mess men. Persons who know Mr.. Young and
have closely observed his business transactions
for the past 10 years, cannot be cOaxed into the
belief that his reported failure will result in loss
to any one connected with him in business. But
the trouble does not stop here. All eyes are turn
ed toward the head of all these different branches
of business, Mr. c. Kolter, the workman, the hub,
the man who kept the outdoor work moving
The one on whom the poor laborer and wood
chopper depended for bread for his wife and little
ones, who was out in wet and dry, hot and cold,
night and day, suffering untold exposure too much
almost at times for his vitality to endure. In this
way he has spent the best 80 years of his life.-
Honest, upright, and always Jealous for his sue
cess and that of his partners, toward him now the
arrows of destruction are pointed, not, however,
by reason of any fault of his. Fox says There is
a spirit of resistance implanted by the Dlety IN
the breast of to the size OF the
wrongs he is destined to endure. hope he may
have his full measure of that spirit.
"By reason of these principal business men
showing signs of financial difficulty, the soapy
tongued gossipers started story to the effect that
these disturbances would become embarrassing to
our banking institution. We have had several
occasions before this to contradict stories of this
kind, circulated by enemies to the success OF the
institution so that in this case it is hardly neces
sary to repeat that the Shrewsbury Savings lnst-
tuition is not effected by this trouble, and stands
better o-day than at any time since BLACK FRI
day. This assertion is made after careful in
yestigation so that persons who are interested can
rest satisfied if not they can go to the bank and
make the necessary inquiries If justice be done
to all parties and proper judgment exercised IN
these troubles, see no reason why any losses
should be sustained"