Newark post., 1922-03-01
Defunct Bank
Official Dead
William F. Warburton Died
at His Home in Elkton-
Depositors Still
Wondering

Wnefe Iney VIII &c OiA W i
Warburton, who was president OF the
bank died at his home in Elkton yes
terday after three weeks illness. The
exact cause of his death IS not known,
but it is said to have been caused by
kidney trouble and nervousness. war
burton's death came at 1i.3O yester-
day morning and depostors are Of the
opinion that with the death OF the
president of the bank all sources of
information have been wiped out.
Born on farm near Bay View,
Cecil county, on July 16, 1852, Will
liam T. Warburton, was the son OF
Thomas Warburton, a local preacher
of the Methodit Episcopal Church,
and was a descendant of Bishop War
burton of Worcestershire, England.
He received his early education at
West Nottingham Academy, and after
completing the course, entered Della
ware College, now the University of
Delaware, and graduated from that
institution in 1871. He began read
ing law in the Office of Reuben Haines
and was Admitted to the bar of Cecil
county three years later, in 1874.
For years Mr.. Warburton was
leading figure in the county and state.
He was prominent as a orator, and
long before the Volstead act had been
introduced, he took the platform IN
behalf of the temperance cause. He
was equally prominent in politics, and
for several years was Republican
leader of Cecil county. He was dele
gate to the conventions that nomin-
ated Harrison and Taft, and ten years
ago was the Republican leader in the
Maryland House Of Delegates at Ann
apolis. He was a candidate for gov
ernor eight years ago. His friends
predicted that his ability would gain
him high place on the bench.
Mr.. Warburton took great interest
in educational matters and up to two
years ago was a member of the state
Board of Education. Fraternally, he
was a Mason, and in religious belief
was member of the Methodist Epis-
copal Church. On January 2, 1877, he
was marrid to Matilda Mcfarland,
daughter of Mr.. Mcfarland, who at
the time of his death was cashier of
the National Bank of Elkton.
William T., Warburton received his
first real start in life in the early
eighties, when the late William M.
Singerly first came to this section,
and purchased a paper mill, which was
later replaced by the Elkton Pulp
Mills. For several years he acted as
Singerly's counsel, and when the Sec
ond National Bank was organized by
the latter number of years ago, Mr..
Warburton was elected president. He
has held this position ever since, and
has also made use of his profession
maintaining a law office not far from
the bank.
Following the crash of Singerly's
Chestnut Street Trust Co. in Phila-
delphia, Warburton was made the
trustee of fund for Mrs. Elizabeth
Robinson, sister of Singerly, which
was left in trust by Singerly. Mrs.
Robinson had life interest in this
fund, but the will of Singerly, it is
said, set forth that upon her death,
the principal should go to his cred
itors.
Mrs. Robinson died in 1915 and it
was not until couple of years later
that the receivers for Singerly forced
Warburton to hand over the $4,000
trust, which action, it is reported,
started Warburton to using the forg-
ed notes which are said to be recorded
on the banks books for 1918, 1919 and
1920.
Warburton was the owner of the
Gilpin Falls Electric Co., was presi-
dent of the Citizens Mutual Fire In
surance Co., director of the Lancas-
ter, Center and Southern Railway Co.
and a counsel for the Baltimore and
Ohio Railroad Co. His great hobby
however, was his large apple farm, To-
Gated on the spot wher he was born
and spent his boyhood days. 1t is re,
ported that the deceased spent almost
100000 on cultivating this farm
which yielded fruit only one season ir
its whole existence.
The money spent on the much talk,
ed of apple farm and the competition
in supplying electric current in these
sections at a low figure, it is believed
caused what is reported as a financia
setback which eliminated in the clos
ing of the banks doors.
Deceased is survived by his widow
and two sons, Henry A. Warburton
States attorney for Cecil county; ant
Charles E. Warburton, who for tn
past 20 years had been manager O
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