Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1861-08-13
The Country FloodeawI.h g ouuterrslt 1s,n..

From the Albany journal, 10th.
The most extensive and successful operation
on the part Of shrewd counterleitcrs, ever re-.
vealed, was brought to light yesterday by the
Suffolk Bank, Boston. The plans OF the op-
orators were so siirewdly laid, aud the system
Of delrauding the public so successfully man.
| aged that before it was discovered the banks
in Troy, Ballston Spa, Saratoga Springs, and
West Troy, were defrauded to the extent of
$500, by taking counterfeit So aud $40 bills
on the Prescott Bank, Lowell, Mass. The
first intimatiOn that such counterfeits were in
circulation was from Il telegram TO the Com
mercial Bank in this city, from the Mutual
Redemption Bank, Boston, to the effect to re-
fuse all bills on that bank. The asserting
house in this city ut the same time received a
dispatch IRON the Suffolk Bank, Boston, to the
same effect. This was followed this morning
by return Of a package oil $500 on this bank
all OF which were stamped counterfeit"
They are by far the most dangerous coun-
terfeits that have recently been put in circula-
ton. Most of these bills were received with
out suspicion, and i'll cases of doubt, scruples
were generally dspelled by the manner in
which they were put in circulation. Thus in
a package Of a hundred dollars or more the
bills would lie of different dates, some appar.
emily of recent issue ana Others of previous
years. Some OF them had the appearance of
bills that had been in circulation for months
and years, the edges worn, the paper darken
ed, pin-holes in the center, private marks upon
the back, and other evidences of general cir
cuation. In fact the bills are a fac-simile of
the genuine notes on the bank, and so artist
cally executed that all will do well TO follow
the advice given by the Mutual Redemption
Bank OF Boston to the Commercial Bank of
this city "Refuse all bills on the Prescott
Bank OF Lowell, Massachusetts.
The tiVes have a vgnette on the left hand
of the bill Of female reclining with her arm
resting on bale and her hand touching
spinning Wheel behind her is a hogshead, and
in the distance factories On the right OF the
vignette is large, shaded figure 5; and
on the right of this Il goddess of liberty,
with her right hand extended, holding Il
wreath, and her left arm resting on figure 5,
with that hand holding staff surmOunted
with cap. The bill before us reads as fol-
lows: "The President Directors, & Co. of
The Prescott Bank Will Pay five dollars on
demand to the bearer Lowell, July ] 1856.
A. S. Tyler, Cash, Joel, Adams, Pres"
The tens have vignette on the left of a
female sitting with her left hand raised, hold.
ing.a wreath over the head of spread eagle,
her right hand holding medallion picture of |
Washington and staff of liberty. The eagle |
is grasping shield, and in the distance is
train of cars crossing stone bridge. On the
right of the vignette is a large shaded Y, ard
on the right of this figure 10, "Massachu.
sets" and beneath this an Indian, erect, with
MS left hand resting on bow, and in lis right
holding an arrow, with the point pointing up
ward. Most of these bills likewise contain in
words, the denomination, in red letters, be.
leath the name OF the bank. They purport
Q have been engraved by Rawdon, Wright
Hatch Eds N, New York, for the New Eng.
and Bank Note Company, Boston.
Where these bills were manufactured, can
'nlYzbe conjectured They have not been