Article Text
A PANIC.- report, believed to have been put in circulation by a pedler in Centre county, for the purpose of more readily disposing of his goods, that the Lancaster Bank had failed, was bruited from one quarter to another for a week or two, and finally reached Lewistown from different points, of course accompanied with such additions as a story of the kind would be likely to receive. Our community, being particularly sensitive on Bank rumors, at last went off like a piece of touchwood, and ninetenths who held notes thought they were dead-broke, while the remaining tenth firmly believed there was "something wrong." But the mails from the east were looked to in vain for any confirmation of the report, and, as not even a shadow could be raked up to give further color to it, all soon settled down quietly to receive and pay out Lancaster Bank money as they did before. Personally we know but little of the institution, but those who are well acquainted with the Board of Directors, as well as general report, give them the credit of being men, who, possessing ample means themselves, would not sanction any course of conduct that would jeopard its stability. To put such a report in circulation against a solvent institution, is not only inflicting injury upon the bank, but upon individuals who are induced to part with its notes at a discount, or heedlessly purchase what they do not need, in order to get rid of them and the officers of the Lancaster Bank would perhaps do no more than justice to all by ferreting out the author, and giving him an opportunity to test his veracity before a court of justice.