New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-20
THIS CITY NOT HURT.
Failures WI Not Make Trouble
Here.

The Maryland Trust Company has the largest
capital OF any trust company in Baltimore, ana IN
point OF deposits is tho third largest company
In the boards Of directors Of both this institution
and the Union Trust Company Of Maryland are
many Of the most prominent business men OF the
city. The correspondents here OF the Maryland
Trust Company the National City Bank the
Bank OF America and the Western National Bank
Of the United States. recently merged with the
National Bank of Commerce. Representatives OF
these institutions with which the Maryland Trust
Company has small balances, were unable yes
terdav give any details 70 the reasons for
the failure, beyond the information contained in
the dispatches from Baltimore
At the Office of the Guaranty Trust Company OF
0ev-Tork one Of the local correspondents Of tho
Union Trust Company of Baltimore, it was said that
tho latter had a small account with tho Guaranty
Trust Company some little time ago but that re-
Gently no transactions whatever had taken place he
tween the two institutions Officers Of the National
City Bank. which is also correspondent i'm this city
Of the Union Trust Company Of Baltimore. said
that the companyS accounts with the bank had
been satisfactory. and that the placing Of the COM
panv in the hands Of = receiver was surprise TO
them.
The direct cause of tho embarrassment Of the
MARYLAND Trust Company Is said 70 have been rs
connection with the Vera Cruz and Pacific Rail-
road. and II reported yesterday that It was the
Maryland Trust Company which was referred to 2
few DAYS ago in dispatches from London is the
American institution which was trying negotiate
in that market loan Of Sooo0oo about SlHo9lF9
~ rsiivav securities as collateral. The Vera cruz
and Pacific Railroad. for which the Mar2land
Trust Company has been acting financial agent
IN the United States has been projected rom Cor
dova 70 Santa Lucretia. Mex. distance Of 2lS
miles and from Vera cruz 10 Terra Blanca. sixty
three miles total Of 81 miles The line is b1'nS
constructed under 4 concession granted by the
Mexican Government 20 Alfred Bishop Mason. al
this city. for Il road with total mileage n 80
b. tho terms Of the concession il" kilometres O.
the road were 70 he completed h. December >,
1000. an additional 100 kilometres before December
l.. 1871 and the entire road before December j..
1903 The capital stock Of tho company Is given as
Seonaa.
L H.,s also said yesterday that there was some
business connection between tho Maryland Trust
Company and the Kirby Lumber Company and the
Houston oil Company. John ~. kirby. PRESIDENT
q tho humber company. said concerning this report;
Tho Maryland Trust Company has no relations
with th. Kirby Lumber Comrany- Tho trust COM
psr- does not owe US any money. nor DO We owe
1T The Maryland Trust Comp ny. II is said. how
last year oy tag h9lS.on 1 ~, ,|7oa,35 ,,9,jer
-. The oil company lands The Houston OH Com
l q, -. 5I,3e5 has trust fund of 10000 with
pam 49,, J., err,,et C5rnnanV hut no deposits
Commissions incurred through tho trusteeshp men
Maryland apparently rreciptated by the col
lsne. ~ the Maryland Trust Company lh9
Yl
from Baltimore. were due TO the tying up Of
flnds in various enterprises among them soft
coal properties in West Virginia and a new hotel
il Baltimore. a., ,,,-, IT..
Company. according TO the most recent trust com
many directory. are J. Wilcox Brown. president:
Henri J Bowdoin first vice-presdent; Lloyd l.
Jackson second vice-president, Allan Mcl.ane.
third ,-ice-president: Carroll Van Ness. secretary
srd t-cs s,irer directors. MessTs. Brown. Bow
,5oi- AND Jackson. and William A Marburg.
George a Non I.ngen. Joshua lowering. w. =.
brooks ir John : Wilson Frederick " Wood,
seymour NIandelhsum. Leopold Strousc. Henry A.
Par Henry Walters. r. \. Baker. Andrew y.
Zones lanes Bond. John 4. Tompkins, Clayton
- nan Josiah L. Blackwell. George &. Jenkins
Tobn pIeasants /. +. Loree and !. :. Lennon.
-Tbe officers and directors OF the Union Trust
romnarv of Maryland are: President George
l,Iakistone. yice-president. Miles White jr; second
e-rresideut Charles Z. Crane; secretary and
reas-lrer Richard =. Semau; directors. Messrs.
5slslxisfono White and Crane and Albert Narbury.
Edwin II Post Evans r. Dick John s Gibbs,
Etlson Perrin Lawrence Perrin. Wesley VI. Olcr.
ERNEST ! Knabe. ir. Henry +. New. William r.
15raffn seymour MaDdelhaum, Charles A. Webb
T1obe-r Tavlor. \. Winston Williams Thomas
o.Neill Holm X Ober r. ". Ridgey, Z. Z. Hunt
ing Josoph r Foard. Allan McSherry, H. H.
IEaines ard Rufus *. Wood.
TN MARYLAND Trust Company has been in opera
lion since 1894 on June 20 its stock. on which
nor cent YEARLY dividends has been paid
i,uotcd al 100 bid 80 asked The Union Trust Com
MANY began business IN 1881 and has paid no divi-
dords Its stock recently quoted at IS bid. 50
asked