PHILLIP GROVE, 65, president of the Sharpsburg Bank, died yesterday morning of a heart attack along the banks of the Potomac at Snyder's Landing following an attempt to commit suicide by drowning. Grove was seen to wade into the stream by William ..., who dashed in after him and after a struggle in the water succeeded in dragging him to the bank. Grove gave one gasp for breath and died.
He wrote two notes, one to his wife and one to the Bank. The two notes were identical as to contents, stating that the recent action of the bank in reducing the interest rate on time deposits from 4 to 3 1/2 percent, caused him so much trouble and worry that he couldn't stand it any longer. Bank officials stated that the affairs of the bank are in first class shape and that while there was no necessity to cut the interest rate the Board of Directors did so to keep good faith with other county institutions. They further stated that Mr. Grove did worry over the reduction.
Mr. Grove was elected president of the bank about five years ago and since his retirement about 18 months ago as a Norfolk and Western operator, he devoted his entire time to the bank. He was with the railroad company for forty years.
Mr. Grove was widely known in the southern section of the county, being born and reared in the district. He was very popular with the residents and particulary the patrons of the bank in that he was of a kindly and congenial disposition.
He is survived by his wife, Bessie M.; two sisters, Mrs. William T. Blackford, and Miss Anna Marian Grove, both of Sharpsburg.
The deceased was past master of Eureka Lodge No. 105, AF & AM, of Sharpsburg.
Funeral services were held at St. Paul's Episcopal Church, Sharpsburg; interment was in Mountain View Cemetery; nephews were the active bearers and honorary bearers were the directors of the bank.
Source: Morning Herald (Hagerstown, MD)
Thursday, November 12, 1931, Page 11
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He wrote two notes, one to his wife and one to the Bank. The two notes were identical as to contents, stating that the recent action of the bank in reducing the interest rate on time deposits from 4 to 3 1/2 percent, caused him so much trouble and worry that he couldn't stand it any longer. Bank officials stated that the affairs of the bank are in first class shape and that while there was no necessity to cut the interest rate the Board of Directors did so to keep good faith with other county institutions. They further stated that Mr. Grove did worry over the reduction.
Mr. Grove was elected president of the bank about five years ago and since his retirement about 18 months ago as a Norfolk and Western operator, he devoted his entire time to the bank. He was with the railroad company for forty years.
Mr. Grove was widely known in the southern section of the county, being born and reared in the district. He was very popular with the residents and particulary the patrons of the bank in that he was of a kindly and congenial disposition.
He is survived by his wife, Bessie M.; two sisters, Mrs. William T. Blackford, and Miss Anna Marian Grove, both of Sharpsburg.
The deceased was past master of Eureka Lodge No. 105, AF & AM, of Sharpsburg.
Funeral services were held at St. Paul's Episcopal Church, Sharpsburg; interment was in Mountain View Cemetery; nephews were the active bearers and honorary bearers were the directors of the bank.
Source: Morning Herald (Hagerstown, MD)
Thursday, November 12, 1931, Page 11
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PHILLIP GROVE, 65, president of the Sharpsburg Bank, died yesterday morning of a heart attack along the banks of the Potomac at Snyder's Landing following an attempt to commit suicide by drowning. Grove was seen to wade into the stream by William ..., who dashed in after him and after a struggle in the water succeeded in dragging him to the bank. Grove gave one gasp for breath and died.
He wrote two notes, one to his wife and one to the Bank. The two notes were identical as to contents, stating that the recent action of the bank in reducing the interest rate on time deposits from 4 to 3 1/2 percent, caused him so much trouble and worry that he couldn't stand it any longer. Bank officials stated that the affairs of the bank are in first class shape and that while there was no necessity to cut the interest rate the Board of Directors did so to keep good faith with other county institutions. They further stated that Mr. Grove did worry over the reduction.
Mr. Grove was elected president of the bank about five years ago and since his retirement about 18 months ago as a Norfolk and Western operator, he devoted his entire time to the bank. He was with the railroad company for forty years.
Mr. Grove was widely known in the southern section of the county, being born and reared in the district. He was very popular with the residents and particulary the patrons of the bank in that he was of a kindly and congenial disposition.
He is survived by his wife, Bessie M.; two sisters, Mrs. William T. Blackford, and Miss Anna Marian Grove, both of Sharpsburg.
The deceased was past master of Eureka Lodge No. 105, AF & AM, of Sharpsburg.
Funeral services were held at St. Paul's Episcopal Church, Sharpsburg; interment was in Mountain View Cemetery; nephews were the active bearers and honorary bearers were the directors of the bank.
Source: Morning Herald (Hagerstown, MD)
Thursday, November 12, 1931, Page 11
**************************
He wrote two notes, one to his wife and one to the Bank. The two notes were identical as to contents, stating that the recent action of the bank in reducing the interest rate on time deposits from 4 to 3 1/2 percent, caused him so much trouble and worry that he couldn't stand it any longer. Bank officials stated that the affairs of the bank are in first class shape and that while there was no necessity to cut the interest rate the Board of Directors did so to keep good faith with other county institutions. They further stated that Mr. Grove did worry over the reduction.
Mr. Grove was elected president of the bank about five years ago and since his retirement about 18 months ago as a Norfolk and Western operator, he devoted his entire time to the bank. He was with the railroad company for forty years.
Mr. Grove was widely known in the southern section of the county, being born and reared in the district. He was very popular with the residents and particulary the patrons of the bank in that he was of a kindly and congenial disposition.
He is survived by his wife, Bessie M.; two sisters, Mrs. William T. Blackford, and Miss Anna Marian Grove, both of Sharpsburg.
The deceased was past master of Eureka Lodge No. 105, AF & AM, of Sharpsburg.
Funeral services were held at St. Paul's Episcopal Church, Sharpsburg; interment was in Mountain View Cemetery; nephews were the active bearers and honorary bearers were the directors of the bank.
Source: Morning Herald (Hagerstown, MD)
Thursday, November 12, 1931, Page 11
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