Eutaw Savings Bank records
This collection contains bank drafts, both handwritten and printed, from Eutaw Savings Bank, as well as the bank’s correspondence, legal documents, and receipts.
- Majority of material found in 1864-1868; 1880
- Eutaw Savings Bank (Organization)
Conditions Governing Access
The collection is open for research use.
Conditions Governing Use
The reproduction of materials in this collection may be subject to copyright restrictions. It is the responsibility of the researcher to determine and satisfy copyright clearances or other case restrictions when publishing or otherwise distributing materials found in the collections. For more information visit the MCHC’s Rights and Permissions page.
Eutaw Savings Bank of Baltimore was founded in Baltimore in 1847. Its charter was approved on March 2, 1847 and it opened for business on May 11 of the same year. The bank’s first president was Jesse Hunt (died 1872). Following his death, William F. Burns took over as bank president.
According to its charter, the Eutaw Savings Bank was developed with the objective of “safekeeping and investment of small sums of money as are the proceeds of industry and economy, or legacies and donations to widows, children and others who may need its protection.” The bank was managed by many of Baltimore’s leading citizens, serving on the board of directors, as a public service to the community.
After ten years, in 1857, the bank acquired its own building at the Southeast corner of Eutaw and Fayette Streets. By 1875, the bank’s deposits had passed the five million-dollar mark. In 1888, due to the bank’s growth and the increasing rate of business, they moved into a larger building on the southwest corner of Eutaw and Fayette.
The bank survived not only the Civil War, but the Great Fire of 1904, the Panic of 1907, and the Great Depression of the early 1930s as well. By its 100-year anniversary in 1947, the bank was proud of such success over the past century of its existence and was prepared to move into its second century with deposits at an all time high.
In 1974, however, Eutaw Savings Bank was taken over by Maryland National Bank, which was succeeded by Nation’s Bank in the early 1990s.
1.75 Linear Feet (3.5 boxes)
Language of Materials
Series I: Financial Records, 1864-1900 (Boxes 1-4, 29 folders)
This series includes bank drafts, both handwritten and printed by Eutaw Savings Bank as well as bank drafts printed for Western National Bank. These are divided between folders in chronological order, although there is no strict chronological order within the folders. Provenance and original order are respected as much as possible, which is why chronology between the boxes may overlap at times, especially in regards to the folders of the handwritten drafts. Handwritten drafts are contained within the first two boxes. Box 2 also contains the printed drafts from Eutaw Savings Bank. Box 3 contains the drafts printed for Western National Bank, which continues chronologically into box 4. Also included in this series are bank receipts, which can be found in the last folder of box 4.
Series II: Correspondence, 1864-1866; 1880 (Box 4, 1 folder)
This series is made up of Eutaw Savings Bank correspondences, which includes 28 letters, written primarily between 1864 and 1866.
Series III: Legal Documents, 1863-1880 (Box 4, 3 folders) This series includes documents relating to Orphans Court (first folder of series), Letters of Administration (second folder) and Miscellaneous items.
Immediate Source of Acquisition
Gift of Landon W. Burbage, Jr. in December 1987.
Scope and Contents
The Eutaw Savings Bank Records contain bank drafts both handwritten and printed from Eutaw Savings Bank, as well as the bank’s correspondence, legal documents, and receipts. The collection also houses bank drafts related to the operations of Western National Bank. This collection spans the years 1863-1900, but the primary bulk of data falls within the years of 1864-1868 and 1880.
The bulk of the records are made up of bank drafts, handwritten by Eutaw Savings Bank. These are contained within the first two boxes (or the first 17 folders) of the records. In processing this collection, an attempt was made to preserve original order as much as possible, however, for organizational purposes some bank drafts were transferred between folders. This occurred only if, for example, all the drafts in a folder were dated 1865 except for two that were dated 1868. The two drafts were then transferred to another folder, which already housed 1868 drafts; folders were labeled according to date and document type. The folders were then organized chronologically within each box, but no transferring took place between the boxes. Also note that strict chronological order is not maintained within the individual folders. Another large portion of this collection is dedicated to printed bank drafts. Two folders of drafts printed by and for the use of Eutaw Savings Bank are housed within box 2. The next 7 folders, which span from Box 3 into Box 4, contain bank drafts printed for Western National Bank (formerly Western Bank of Baltimore). The only known connection found to link Western with Eutaw Savings is that they were located within close proximity to each other on Eutaw Street in Baltimore. Some of the same people were active in both banks, for example Francis Burns served as director of Western for 30 years, but was also on the board of directors at Eutaw since its foundation. His son William F. Burns took over in 1872 as president of Eutaw after the death of its original President Mr. Hunt. Before his presidency, William F. Burns served for 23 years as director at Western. For these reasons, a close connection has been linked between the two banks, serving as a possible explanation for the question of the shared bank drafts. Note, however, that no historical evidence points to any merger or take over between the two banks.
A very small portion of the collection (4 folders) are dedicated to documents other than bank drafts, including correspondence, legal documents, and receipts. This small portion makes up series II and III and its original order has been maintained.
- Guide to the Eutaw Savings Bank records
- Under Revision
- Dawn M. D’Attoma
- Description rules
- Describing Archives: A Content Standard
- Language of description
- Script of description
- Code for undetermined script
- 2020-03-26: Manually entered into ArchivesSpace by Sandra Glascock