The Massachusetts spy, and Worcester County advertiser. [volume] ([Worcester, Mass.]) 1825-1831, 1826-08-02

ness dl tIiiS DanK mas atGdyS Oeen most Cdu-
tious an prudent; it being, and ever having
been, alike the ambition Doth of the Stock
holders and Directors that the invested funds
should be safe, rather than profitable Hence
il has been submitted to with chcerfulness,
and With the most perfect satisfaction, that It's
dividends have been less than many other IN
stitutions; 50 that it has become the chosen
depository Of the humble possessions OF the
widow, the orphan and the helpless. The IN
stances have been rare where either Stcckhold-
ers or Directors have aTaiIed themselves of
loans from its funds and that il has almost
constantly exhibited, ever since ii commenc-
ed its operation, fixed and permanent in
vested capital, resting undisturbed, as a
pledge for the prompt redemption OF all its
obligations.
If the managers of the Suffolk Bank ex-
pected or hoped that this effort to cmbarrass
the operations of the Worcester Bank would
induce or compel thu latter corporation to
submit to the terms of the great scheme OF the
Boston allied Banks, that hope and eXpeCta
ton is blasted forever. Still further; if the
Directors of the Suffolk Bank are so ignorant
of human nature as not to know that hostility
will generate hostity-that dishonorable as
sau!ts will produce determined resistance
they will learn something Of il from the fruits
OF their compulsory legal process, by which
they seek TO rifle frcin the innocent holders
OF stock in the Worcester Bank the penalty
Of two per cent. month.-'Phe forbe arance
of the allies in its modern application, de
tested name-will not be purchased by a com
pliance with their terms. 1t wild not be
sought to pacify them by becoming tributaries
to any plan they may adopt; and, more than
all, since the Suffolk Bank has sought to break
down the Institution at Worcester by basel
selling an advantage which magnanmity on
ly afforded them,& there is not Stakeholder
III the corporation who would not denounce
the Directors as false to their trust, should
they not resist, to the last, every effort which
is made to dive them from the stand they
have taken.
There is view Of this suhjeot--not to be,
presented as threat, bat naturally occurring
TO the mind which may compel the citizens
OF Boston TO depiore the course which their
monicd Institutions are taking The tradel
OF the country is essential to the prosperity
ofthat City. Should it be Withdrawn or ma
terlally diverted, the wealth of B0ston-so
much the boast of its inhabitants-cannot fail
to suffer; and that solid growth, which has
hitherto been both steady aud strong, will be
at an end. There Rave long been causes Of
Jealousy, and also of disgust, between the In
habtants Of tie Interior aA,i the metropolis Of
the State. 1t mey require still less, than is
supposed to be necessary. 10 ALLEVIATE what lit
lie remains OF real good feeling and reciprocity
OF regard between the town and the country:
and he frequently injuIicious preteusions
and in tbs instance the enormous and violent
misconduct, OF her monei Institutions, is do
ing all that can be done to make the desire of
commercial aud even social intercourse be-
nPOnia Of 10 pIf no
OF The surrounding country, ma ter. only Of
history and tradition. The great central
mart of our country is every yea: increasing
its attractions: the means of intercommunica-
ton, especially to the people Of this vicinity,
Is SO grestY Increasing, il will not be strange,
II, IA the blttttness of feeling Which acts like
THAI Of the Suffolk Bank are calculated to
excite, Ne Wy ork should become the cxclu-
sive market and place of trade to our citizens.
Had the officers of The Worcester Bank TAX
en- the necessary time TO have counted the twen-
ty-eisht thousand dollars hich had been counted
before any demand was male. and which was
promptly exchanged for the Bills presented al
though it had been done with the utmost dis
patch, ample time would have been had 10 bring
their cash from Boston. But courtesy induced
them to take a different course, and it was repaid
by the Suffolk Bank by suit at law claiming
severe ana aggravated penalty
HARD RUN.-After it was known that the
Suffolk Bank had commenced suit against
the Worcester Bank, ard cent despatch
through the country at the rate of ten miles an
hour, to secure their demand by attachment,
1t was to be expected that the alarm thus pro-
duced would cause, at least, temporary run
on the Bank, for specie. The Officers were
accordingly prepared for It, and although they
have at all times since been ready TO pay
their bills when. presented, up TO yesterday
GEa- rwo BILLS ONLY had been offered for re-
demptioa,-&~0 one of five dollars and the
other of ten. Such is the public confidence in
this institution. Does the Suffolk BANK pos
sess it in an equal degree?
@<o
FIRE IN PRovIDENCE.--A ere broke out in
Providence on thcsmorning of the 3O,h Mt. nv
which four buildings and large quantity Of
valuable property, estimated az S20. 600 were
consumed. David Anthony is the greatest
suffered, his loss being estimated at $1,000
In his store 2i0 bales of cotton, belonging TO
sundry persons, was burnt. There was no in
surance on any of the property which was
destroyed,
ROAD COMMISSIONERS BY a notice in this
paper, it will be seen.that the Road Commits
sloners OF this County have entered on the dis
charge OF the dutics of their office.
9%@
For the Massachusetts Spy.l
TO THE PUBLIC.
transaction of an unexpected aud extra
ordinary character having occurred within the
last two days, which is calculated and doubt
r less was intended iujuEiously to affect the
credit and management oithe Worcester Bank,
the DIRECTORY feel called upon to publish
sta'emensof the facts, and to .si5i.i;: "a .ho
knowledge and judgment of the public, the