Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1857-10-02
TOWN AND COUNTY MATTERS,
Hancock Bank.

/ Cutting j.. yesterday, the facts were
ELECTED with reference to the concerns 10
this Bank, viz:
! Whole amount Of bills in existence
against the bank is So 900.
/ or these SIS 200 are rcdee med and
In the hands OF the officers of the bank.
/ 1h~ additional sum of $1,000 had been
conditionally issueL for circulation,
on good security. which have never been
put in circulation. but are now in the
hands of the express man on their way
to Ellsworth, leaving only the sum OF
slo.700 actually in circulation. In
addition. the only manning liabilities
'6Y the bank is the sum Of Si,032 due to
dcposiiors.. making the total immediate
liabilities OF NE bank S23,132.
10 meet these sums the Bank hold
good paper to the amount of $4,000,
and cash in Suffolk and Maverick and
their own vaults, about SO, $50. making
in all si3,25o.
1t also appeared that the bank hold
abou, $4,000 of its own stock. taken in
paymen, Of debts and some Sl2. 900 as
collateral for the same amount OF stock
notes. so that only about $50 900 of
capital now exists. This b,ins the case.
the bank has funds sufficient to nav all
their Liabilities. and ABOUT 20 par cen. of
their capital stock.
Such being the facts, the Court ad-
vised the I'M JUNCTION SO far dissolved as
to permit the bank to proceed to collect
demands due and pay off all sums due
to depositors and bill holders. The bank
to be restrained from making loans. CT
issuing bills, and all bills now on hand
are to be destroyed
Goodenow for State \ W. Paine Tor
respondent
We copy the above from the Wig
and Courier Of yesterday. 1t will be
seen that this bank, instead of being
liable to the chirges preferred a.ainst it
BY interested individuals. and indus,ri
ously circulated to its discredit, and
upon which the Commissioners based to
some extent their action in the premises
IN having II enyoined is comparatively
IN good condition, and especially so for
these hard times. A false repor, pu' in
circulation by an Express Company tina,
it had been cut of at the SutFalk. when
it was IN good credit there. manufac-
turel stories OF all kinds, sen. on the
wings of the wind, by those who seemed
to care nothing for the public interest
If they could have the pleasure Of see
ing the bank fail. AMI too wiling ear
Of the mmissioners. have already
needlcssly caused innocent bill lo, .crs to
suff-r, We hope this will tc the cad of
flying stories; and tia. the bank will
act cautiously and prudcntly in the fu ure
in its man gem mt We were sent
az the hearing before Judge Cutting.
and could not but think tina, the bank
.riumphan,ly defended itself.
Hon. Charles II. SpoForI, Speaker oil
| the House last winter, was no. a can
did ~. f,- ,o-o,.o,;,, - ,hoIo.;.,.,.
-,
an. was no. us'e' 'eu-''e Loeoioe9
papers TO Inc contrary Notwithstanding
Tho .bso,.o If ,haa,;, p,,,
=, .'' a. '''
VIII DC sa'heie"' apology Tor any short
cominss in the paper this week.
a co-res,on,or, r,ao, aa.o =
so;:o, G. =. ,,,.
rived here the 24th, and | have learne ,
the particulars of the Deer Isle trad yey.
Leonard Scott saws that all tho mo, ~,
hoar3 ., -. 80. IL. =,
"N wa" W." ,"e VIZ 'o'
"4N''' "heh 'hey lie" n. w. Haroor'
Abo,. .uon.. oe.Ao...a ~,
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