Portland gazette and Maine advertiser., 1806-04-21
To tbe Public.

(E1E oblerve in the Ian Gazette, that the
~ Directors of Maine Bank have made a
neither attack upon US, and hath called on the
public 70 Judge whether they have not milf
placed ,aer Conidencc-to which we fhall
not make any farther rcPysha to give fate
ment of our proceedings as relpects imall
bills sof However we may think !" may have
been Injured 5y their publication, we had ra-
ther lstfer- them 10 countenance contention.
III the fore part of 1894, we and our neigh
bours found il very difficult TO pay off our
labouring men, as they mofIy wanted their
pay at night, after their day. work was done,
there being bnt very little change i'll circula-
ton, and no bank bills Of this State under FIVE
dollars (Nantucket excepted In order TO
make It more convenient, we apphea TO the
Directors Of Portland Bank 10 devile iome
meafure for the Prefident or one of the Direc-
tors 70 give dol Ar checks, which on delbera-
tisn they thought not advifabe after which,
with the advice Of fome merchants in this
town, we ifued few lrnali printed bills, not
expecting them TO ci rculate mach II any, OFT
Of town but loon finding they were hike TO
ipread much further than we at FRI expected,
we Thought it very neceGary 10 guard againlt
their being counterfeited, therefore procured
Perkins plate eometme after, the Legislature
pa1ied an act that iuch notes fhoad be liable
to Hne if prolecuted. IN eoHlequeRce Of
that act, for feveral weeks did not iutfer one
to pais from Us, but publif1ed not onlv iu the
Portland out other public papers, that we
were ready to redeem ctlr bills whenever the
public plealed to bring them in; but after
ending hey continued TO circulate as freely
a. ever, as well y the hnall bills ofother ftates,
which was and fill IS contrary to law and as
fuh sCt tC u fine a. our bills, ard the fhop-
keepers and Others fohcited as 70 y them out
again, which we aid and continued 70 receive
and pay out As mot accommodated the COM
muuitv antil iome time IN the ninth month,
1905, when we were informed the b rd of
Directors Of Maine Bank had relolved 10 ule
their influence to iuPpreis the circulation os
thern-In conleqUelce Of which, We had \
conference with their Committee kv them
we uuderltood II was the opinion uf the Direc-
tors Of both Banks that they oughr not 10 pas
any longer, rs both Banks at that time were
about iiFuing what lmsll bills the lav would
allow them to emit and that our tiils then
IN circulation would have tendency 70 iniure
the circulation Of their OWE that what they
were allowed By law to make would be fuii-
ciest for the accommodation of trade after
that we were called upon by oneof their Com
mittee to lign paper containing one Of their
receives, which we remoultrated aganlt iiCn-
ing, unlei the words 70 Nc al Is means in tbrir
ferUer to FreyaHt tLeir c tuLJtioq were truck out
| but after converting with them again we fullv
underito0d that nothing more was ex9e6ted
nor could 5c c0nhdsrea az ste FROM Is. than
that our bls q Ii nor GOMEZ fat astheReard
| Thought necelarv, they were to inform II, III
| order that we might make another publication
| requeiung them 70 be brought ia; 70 which
( we made TO ohjcclion, AZ we felt confident
/ that cur bills vouid not inlure the circulation
ot theirs ana tina; they would flon ~ con-
vinced CT it. Under ;hofe imp eiious We
| hgned their refclve after which re endeav-
onred 70 attend 10 their requee, and did u0t
pats any Of them, although often folfcise6 for
them, until We could not get anv ftnaI bills
at the Banks, as we have heretofore iiated -
neither had We any idea Of iniuring either Of
the Banks basthought our bills were great
| accommodation both to- them and the public
before the Dankshad liberty 70 iiIue frnall bills,
we had but imall portion OF ours out, and
are ready 70 redeem them whenever prelented
John 1aber * Son.
PSrf-1tR, ~ ID -, 1895.