National Mechanics Bank v. Maryland Trust Co.

BAER, J.—

The Maryland Trust Company and the Guardian Trust Company were corporations of the State of Maryland doing business in Baltimore city. Sometime in February, or in the early part of March, 1901, in a conversation between John B. Ramsay and J. Bernard Scott, Secretary and Treasurer of the Maryland Company, the suggestion was made, whether by Ramsay or Scott does not clearly appear, that “it would be a good thing for the Maryland Com*362pany to absorb the Guardian Company.” Subsequently, by the direction of J. Wilcox Brown, the President of the Maryland Company, Mr. Scott and Mr. Henry J.…