Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1846-10-14

Constitution. "A SoUTHERN wv arc. Sd .
81 -----------s--------- -a----.a9 SfSH sijS
From tbe Detroit Free Press.
4 The Oakland County Bank. V5 s5a II,
This concern made itself fully ripe for
an explosion, by getting out q very heavy
circulation, and on yesterday morning, fal..
filled its destiny by blowing up. Its assets
are assigned ID D. Stuart, Of This city, and
to N. Dawson, the cashier Of the bank.
During the day of Tuesday, heavy q.
mounts of this paper were paid ont fort
duce, and in this manner large, sstplss sof'this
worthless trash passed intotlie:fIahds ofour
country friends. What excuses are made
by the owners Of this concern, We; know
not, and care less. For montha1 'past we
have warned our readers that the Concern
was preparing for a burst up and those
who have needed the warming have done
we'll. ,lif aAa5f 5e9 "a. 'asfls 'alsio ahT'
The bank was owned by w. Truesdoil.
ofthis city, who was also the owner Of the
broken bank of St, Clair, and who, by h;s
financial operations, is fast gaining notari.
ETY. which no honest man will coyet.. The
brokers refuse atthe time Of Writing,( W ed.
nesday noon,l to take the Oakland BILLS at
any price, and we presume, Like .ths St.
Clair and River Raisin and others, of the
same sort, that the honest holders Of ti,a
bills will illrealize nothing except promises
to redeem at some future day, and which
day will mover arrive. lea 6 iestooJ
This blow up has caused q deep? feeling
among our cilizons, and particularly among
those who have toiled and vbeen- paid. fos
their hard labor in this worthless ,trash.-
They trusted to bankers promise and were
deceived, as thousands and tens of thou.
sands were deceived before them and as
thousands will be deceived hereafter, unless
stop be put to the practice, BY an amend.
ment Of our criminal code. i ~ 'sd iss'Ii
Since the above was in type, MI. Truues,
dali has issued a handbill Of which the fol.
lowing is copy:H H'51i 52Hgs9. gGHni 5e'l
--"OAKLAND County BANKLTo rHr
PUBLIc.-Circumstances which could NOT
for one moment be foreseen or prevented
have rendered Unnecessary for the Oakland
County Bank to suspend The rede,nptionFof
its notes. And as understand ar, effort d
made to fix the charge Of design on met
adopt this method to assure the confnufnity
that all my efforts shall be iinrseliatelly ar,
piled to redeem and protect the entire cirr,
cuiation ofthe bank, and | advise holdersof
its notes against making any sacrifices. for
in case the assets Of the bank beirg sins,,ff;.
cient, | will make use Of my private fparoIii- oIii
erty for that object. W!'TRUESDAIE:.N
HDetroit, October 2, Is46.''fs'' - soi3iw
circumstances which could not 1for ono
nament be foreseen, (whew!) and this too,
after we had warned our readers weeks 4.
go, that the institution was getting ri;pe for
a failure. ia 81 .7isa 93a.s14EH 9Tate aaH
:. The following handbill appeared iimme-
diately after the card Of Mr., Truesdail was
made public, and We publish it as an index
to the public feeling: 7ia6 -ymflr ,SnIti'7H9
"OAKLANp CoUNTY BANK.-AThe mn.
merous billholders of the Oakland County
Bank are earnestly requested, one andsafi.
to meet en- rnasse, at Kings Corner, ,Ieffsr.
son Avenue, this evening, at preciselya7
o'clock-5for the purpose Of deyising the
best method for obtaining adequate and
summary redress for the severe losses ex.
perienced by the recent fraudulent defai.
cation Of said bank, occasioned by the sptec.
ulations, fraud and irascality fail concsrn.
ed, whereby the Laboring Poor ofso1hr 'city
have been most outrageously and shameful.
ly plundered and robbed Of their earninrs.
.fl -" % Foi :Ybad I ANYSUFFEREKs.a
9H Detroit, Oct. 4, '46.Dis ni clgH 3aoalst
Y In Pontiac, the excitement ID fp,rasfst 1;f