The Massachusetts spy, and Worcester County advertiser. [volume] ([Worcester, Mass.]) 1825-1831, 1826-08-09

.ei DanK, who were encouraged by the sam,
Inducements to take out of circulation,, ir
tnf,r turn the bills of the Worcester Bank. anf
,opeposit them likewise in the Suffolk Bank
,nPs making all these Banks so many agent,
Iyo1,aF'ng each others bills out of circulation
~ me vicinity where they properly belonged
ahf senoing them to Boston, where thew were
70 become Immediately cbargeable TO the
,apk which issued them! In what wav tho
"fcester Bank was to be benefited by such
an arrangement, it is difficult TO perceive.
ne suffolk Bank." says the Son Of Me-
cnalic' only asked permission of the Worces
yer oahK TO send their bills, when received.
,hlGany Bank in this city where they might
nav iunds, Tor payment. Although at length
me conditions were narrowed down TO this
poiH, the principle was still the same. They
ontgasked OF the Worcester Bank TO provide
ines funds and TO furnish this facility to the
onnok Bank, to enable them more easily and
ehecmallyto accomplish an object not desired
oytht Worcester Bank, but detrimental to its
interest. They only asked that they would
ASSIST them in this manner to take out OF circu
latiOn the bills of the Worcester Bank, free of
all expense 10 themselves A magnanimous
proposition, truly, of the tendency and expe-
diency of which, The Worcester Bank oralv
asked permission" to judge for itself. 1t ap-
pears 10 me That every one who understands
this subject vii perceive that there were OBJ
jections, whrh could not fail to operate on the
part of the Worcester Bank, to the ADOPTION
OF any one these propositions, without at
trloutlng th'r rejection TO spirit Of perverse-
ness; and hat, if they have not operated
alike Oh otter Banks similarly situated, it is
owing, ptto their conviction of the hberalstv
ofthe Stolk Bank, but to other causes. which.
from tiHHr isolated situation, may be easily
imagine.
Theirs another insinuation of &C The Son Of
a Mecfnic," which it may he we'll to notice.
lie speks OF the associated Banks being
" compted 10 transport specie from Worces-
ter" no has compelled them Not the
Worcesr Bank, assuredly. II has been a
measurof their own deliberate choice; and
with wat propriety or truth can the allied
Banks,pr the Suffolk Bank, or their friends,
pretenthat The Worcester Bank has compell-
ed the to this course. On the contrary.
uudersnd the fact to be, that the Worcester
Bank Is uniformly, and at all times, when
their bis have been presented for payment,
betpfeady and willing to pay them by
chekon Bank in Boston. With how much
greer propriety, therefore, might the Wor-
cesr Bank complain of being compelled, as in
tru they have been, 10 transport specie 10
! VGester, TO meet the demands of the Suffolk
BaK, who would be satisfied with nothing
| 4ol Even of this, however, they have not
aOn,tdined, but have submitted TO it with pa
sene, on the ground that, notwithstanding
he;xpense to which it subjected them, the
| Suflk Bank had a right so to do. At any
| ate the Worcester Bank cannot be charged
villa disposition to create wanton, USE
essy and unnecessary expense" And when
he public "see load Of specie between
lNocester and Boston, and understand the
circumstances of this controversy, they will
pot scribe the necessity of its transportation
10 swant of good feelings, or correct and con-
eistnt conduct on the part of the Worcester
Bank. A SPECTATOR.