Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1922-03-04
VIM. T. WARBURTON
DIED In ELKTON
Was President of the Second National
Bank Now Under Investigation
Suffered A Breakdown.

Elkton. Md. Feb. 2S.-After three
weeks illness of kidney trouble and
nervousness, brought on, it is said
BY the exposure of the affairs of the
Second National Bank, which closed
its doors on January 20, William I.
Warburton, president of the bank,
died at his home on East Main street,
this morning at about ll.30 O'Clock.
For the past 10 years he had been in
critical condition, refusing to take
nourshment, and his death was not
surprise to his family or to the
community at large.
For years, Mr.. Warburton was a
leading figure in the county and
state. He was prominent as an
orator, and long before the Nolstead
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 a
Republican leader of Cecil County.
He was delegate to the conventions
that nominated Harrison and Taft,
and ten years ago was the Republic
can leader in the Maryland House of
Delegates at Annapolis. He was a
candidate for governor eight years
ago. His friends predicted that his
ability as a lawyer would gain him
Il high place on the bench.
Mr. Warburton took great interest
IN educational Y,at4nrc np1 IN ~ t,ra
years ago was member of the State
Board of Education. Fraternally, he
was a Mason, and in religious belief
was a member of the Methodist Epis-
copal Church. On January =, 1877. he
was married TO Matilda Mcfarland,
daughter of Mr.. Mcfarland, who at
the time of his death was cashier of
the National Bank of Ekton
William T. Warburton received his
first real start in life in the early
eighties, when the late William NJ.
/ Singerly first came to this section
and purchased paper mn. 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..
Waiburton was elected president. He
has held this position ever since, and
has also made use of his profession,
maintaining law office not far from
the bank.
Following the crash of Singerly's
Chestnut Street Trust Co. in Phila-
dephia. Warburton was made the
trustee of a 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 il
was not until couple of years later
thu. the receivers for Sinperv forced
Warburton to hand over the $685.
trust, which action, il is reported
started Warburton to using the for
ged notes which are said to be re-
corded on the banks books for 1918
1919 and 1920.
Warburton was the owner of the
Gilpin Falls Electric Co., was prcsi-
dent of the Citizens Mutual Fire In
surance Co.. director of tho Lancas-
ter, Center and Southern Railway
Co., and counsel for the Baltimore
and Ohio Railroad Co. His great
hobby, however, was his large apple
farm, located on the spot where he
was born and spent his boyhood days
1t is reported that the deceased spent
almost 100000 on cultivating thi,
farm, which yielded fruit only one
season in 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, il is believed
caused what is reported as financial
et-back 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; anc
Charles T.. Warburton, who for The
past 20 years had been manager OF
the Gilpin Falls Electric Plant anc
, the apple farm, both of which are
located near Bay View.