Litchfield enquirer., 1858-09-23

THE SUFFOLK BANK system of redemption, says the Hartford C0ara,a, is destined to undergo a revolu ton That bank has made an immense profit by tlie balan, es of country banks which it compelled them to keep in its vaults, because by such means itcoud extend its line ot discounts beyond that of any other bank in Boston. From these profits it has been able to make ten per cent di, dends for some time. IL hils charter for any such privi- lege. or any such control the other New Eng Land banks. The country banks of Massachusetts have f It this tyranny for some time. They have likewise felt that they might as we'll enjoy of this profit as to give it all to the Suifuk Hence, they subscribed to the stock of new bank, char tered expressly to transact the business in country money which the Suffolk had been doing This bank-the Bank ef Matua Redemption gone into operation. The country banks make their ex- changes through it, ana, stock holders, receive their share of the profits
 Some of the country banks have already with drawn their accounts from the Suffolk as they have nn undoubted right to do. But the Dictator, in s consequence, has bounced upon them, with an ea- gle's power and velocity. She seems determined to crush them for their independence.
 The hanks ot the Connecticut River Valley in Massachusetts have held meeting, and have passed resolutions to withdraw from the Suffolk, prorde sa1fcent Runaber ,rH join Uem Showing the white feather just at such isis will prove of no service to them. They had better act with boldnes;. To banks it makes difference where they redeem, unless they are stockholders in thepld bank.
 The Milford IN. H) Journal gives the Following
 
 Souhegan Bank of Milford: g ].
 .'Oa Thursday, the 9th inst, one of the employ. ees of the Suffolk bank, carrying large valise pre- scnted himself at the counter of the Souhegan bank handed out package of $l4 900 in bills and, with the utmost areetness of manner demanded payment ID specie. It was evident that he, supposed the lining couldn't be done. So confident was he o this that he kept the railroad coach in waiting to convey him back to the depot before II o'clock Hut he reckmcd seithout his host. H. A. Daniels Esq. our estes2H fellow-citizen, the gentlemanly cashiei of tne seWhqan bank leisurely counted the bills. and commenced handing over the specie At twelve ocleGk, 900 had been paid The Suffolk man conllnt carry it to the hotel and Mir Daniels politely assisted him. Before four o'clock the whole sum paid, and the Souhegan bank had remaining in it's safe greater amount in specie thar is kept by most country banks
 1.-The weather was excruciatingly hot, the mer curyat 99 degrees, and the Boston gentleman look ed when he came out as though he had been put il asieam bath and parboiled. It is to be hoped tha his next trip into the country may occur on cool CT day, and that some of the Suffolk directors vii accompany him in ordef to learn how their mag nanimous conduct is appreciated. If they choose t send agents into New Hampshire on pleasure excur sions of this sort. instead of receiving payment il Boston. they are welcome to do so se.aa
 It strikes us an inconvenient mode of trans acting business. and boyish attempt at petty op prtssion, which utterly failed of its object At tha time the Sonhegan bank had deposited in Boston fF the redemption of their bills more than s22 00 fin specie :. ag 59,ss The Springfield Republican adds
 The best of all was, that, confident of his abili ty to exhaust the specie of the bank and more too thsagent of the Suffolk stopped on his way from tn cars to the bank. to engage lawyer to be ready t ,ake out complaint of the insolvency of the to broken hank. But when he went away luggin $l4. .0O0 in specie. and leaving more of the sam sort in the bank he forgot to call again upon tn attorney sut he did not forget to call on m at tn depot and demand one of his yellcN boys as fec for legal services.'