New-York tribune., 1900-12-27
ANOTHER BALTIMORE BANK IN TROUBLE.
RECEIVER APPOINTED FOR OLD TOWN INsTTTU-
rIoN-TRoUBLE CAUSED BY CASHIER.

TIoN-TRoUBLE CAUSED BY CASHIER
Baltimore. Dec 26.-Roger T. Gill. of the law firm
OF n. Rufus Gill & Sons late this afternoon
appointed receiver for the Old Town Bank by Judge
stockbridge The appointment was made with the
consent of the president and officers OF the bank
Mr.. Gill bonded in the sum Of ST. CO., the assets
o. the institution being valued at half that amount
George schilling stockholder and depositor and
Robert L. GILL; depositor the eornpainants-
In their statement to the Court they say:
SUCCESSFUL m and d profitable business it has recently
incurred heavy losses by the bad faith Of its cashier
Wrongfuily without the knowledge Of It's president
or ra BGad 43 Dsd Of P@esqP @ etse 5ssaf to- %
from the bank are sur sums a G @ ab Inf 10 bea
Rumors Affecting the financial condition OF the
bank in circuatqn in con eonsegqse9ee Of w WHICH len
postors. and it is quest2n, Of only snort @ ddr ILe
The bank is unable to pay its liabilities in the usual
course of business. and unless receiver IS s ap-
Of the bank open and depositors will suffer loss
The answer, fled by President E. G. Shipley. IS
follows:
The bank admits that by reason of the facts
70 meet its current obligations and believing that
it ought not 10 further undertake to continue TO DO
mutual benet Of ali persons interested. it consents
to the appointment of receiver or receivers @s
Both the firms mentioned in the bin of complaint
are in receivers hands.
The bank was chartered by special act OF tne
LEGISLATURE in 1855 Its authorized capltaI was
s150OO0 The officers and directors are as foIloWs;
President z. c. Hipsley; cashier, Theodore r
wilcox: directors William H. B. F'usss4p3usn. +
G. Hipsley. Charles w. Halter panleI RE9IisllS:
4 Rufus Gin, Jacob w Hook, ]. Henry snyoer
a% Tbe condtion Of the bank at the close Of busi-
ness on September was as follows; resources
Loans and discounts 9l215S IS; overdraftS secured
SO IL stocks securities ete sO9 eS 90 go qaaHng 2 @
tate and mortgages owned $256S 54' due from "a "a
tionaT banks, $S9.715 76; due from State. banks,
exchsnge for clearing house S43.65s II; money IN
bank $50 $50 05, total 81. .3S5 693 50.
Labilities Capital stock paid in, S5OOOO; surplus
fund $50 900; undivided prohts. less expenses anu
22T S.; due to State banks S3 42 o.; due TO prlvae
banks and bankers. SIS 34S 6S; DIVIDENDS Qnpadao
81 465 81 individual deposits subject to cheek SOS-
Gas So; demand certificates Of deposit S69 6S esrtl-
fied checks $2O21S l5 cashiers checks outstanding
The tinted MIX Producers Association. a COM
pany owned by farmers and dairymen who snip
milk to this market went into a receivers hands
IN SApteuber. It's assets and liabilities were ap-
proxinaately 500. 900 The Old Town Bank held con-
siderable of the cornpany.a paper, and MI WILCOX
ing of the unsecured creditors to-day it decided
10 continue business under plans submitted by a
finance committee of the stockholders several days
ago. - ~, ,,. "a -.
Robinson a canned goods packer and fertilizer
nnanufa cturer a preliminary statement submitted
by the receivers showed liabilities OF Ss56252 and
assets of $12065 So Efforts are being made to form
q stock company to take over Mr.. RobinSon'S ousi-
ness 1t is not known 10 what extent the paper OF
either concern is held by the Old Town Bank, but
~ investigaton at once and make public a state
mA0t at the earliest possible moment