22002. Danby Bank (Danby, VT)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 5, 1857
Location: Danby, Vermont (43.346, -72.995)

Metadata

Model: gpt-5-mini
Short Digest: 80328d29

Response Measures

None

Description

Multiple contemporary 1857 newspaper notices list the Danby Bank as suspended/uncurrent during the Panic of 1857. Later (1871) court reporting refers to the Danby Bank having failed in 1857 and a receiver being appointed while settling its affairs; it was a Vermont safety fund bank (state-chartered). No article describes a depositor run preceding suspension — the cause appears to be the broader financial panic of 1857.

Events (4)

1. September 5, 1857 Suspension

Cause: Macro News
Cause Details: Suspension occurred in the wide financial revulsion / Panic of 1857; multiple newspapers list Danby among suspended banks and its notes uncurrent during the crisis.
Newspaper Excerpt: The Danby Bank, Danby, Vermont, has been thrown out by the Suffolk Bank
Source: newspapers

2. September 24, 1857 Other

Newspaper Excerpt: The Danby Bank, Danby, Vt., is in bad credit; its notes not saleable at any price.
Source: newspapers

3. October 1, 1857* Other

Newspaper Excerpt: Danby Bank, Vermont. (listed among broken and suspended banks to Oct. 1 and Sept. 25 lists.)
Source: newspapers

4. October 1, 1857* Receivership

Newspaper Excerpt: in 1857 the Danby Bank of Danby failed, and in the process of settling its affaire the plaintiff was appointed receiver of said bank.
Source: newspapers

Newspaper Articles (11)

1. September 5, 1857 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, September 5, 1857

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THOMPSON'S REPORTER OFFICE, New-York, Sept. 4, 1857. To the Editor of The N. Y. Tribune. SIR: The Danby Bank, Danby. Vermont, has been thrown out by the Suffolk Bank, Boston. The Oliver Lee & Co. Bank. Buffalo, suspended this morning. The securities on the 1st January, 1857, as per the Bank Superintendent, consisted of $19,000 00 Bonds and Mortgages 87,000 00 New-York State 5 percent stock $106,000 00 Total $89,300 00 Circulation The bills will probably be paid in full, if the Bank does not resume.

2. September 24, 1857 Holmes County Republican Millersburg, OH

Article from Holmes County Republican, September 24, 1857

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Suspended Banks. Thompson's Bank Note Reporter, of Saturday, says: The Reciprocity Bank, alias the Sackett's Harbor Bank, Buffalo, gives no evidence of resuscitation, and the better opinion seems to point to going into liqiudation. There is no market price for the notes. The Hollister Bank, it is believed by those conversent with its situation, will ultimately resume. The security of the bills is ample, if it should not. The Oliver Lee & Co. Bank, Buffalo, N. Y., is in the hands of wealthy men, and there was a disposition to go on, but some of its paper having gone to protest, there is a fear it will go into liquidation. The notes will be paid in full. The Bergen County Bank, New Jersey, it is said will be closed up with small loss to the bill holders. The Danby Bank, Danby, Vt., is in bad credit; its notes not saleable at any price, The notes of the Niagara River Bank, New York, are not purchased at present. Interested parties say the Bank will resume. A correspondent says that the Farmers' Bank of Wickford, R. I., has thus far met all its liabilities at home. The Tiverton Bank has been enjoined, and will have to go into liquidation. The Warwick bank, which was sold to parties out of the State, has been transferred again to Rhode Island men, and we presume that it will be conducted as heretofore upon sound principles. The Rhode Island Central Bank, it is confidently expected, will resume. The owners are said to be rich. If so, they ought not to have permitted even a temporary suspension. Bank of Kanawha, Va., was, owned by the Ohio Life Insurance aud Trust Co. A dead failure. The Farmer's Bank of Saratoga has gone into liquidation. The bills will be paid in full. ACT SEPT. 9.- The Ontario County Bank, N.Y., has been thrown out in this city. KT SEPT. 10.-The Bank of New Jersey, N. Brunswick, N. J., thrown out by our city Banks. Also, the Bank of Orleans, Albion, New York.

3. September 26, 1857 Columbia Democrat and Bloomsburg General Advertiser Bloomsburg, PA

Article from Columbia Democrat and Bloomsburg General Advertiser, September 26, 1857

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W. A. J. BRITTAIN, Sec'y. Suspended and Broken Banks. For the information of our readers, and in order to guard them against receiving worthless money, we publish the following list of recently suspended and broken Banks, which has been carefully compiled and compared with the list of the brokers in the city. It is gratifying to note that thus far in the present financial crisis, not a single Pennsylvania Bank is included in the list It is to be hoped they will be able to ride out the storm. Mechanics' Banking Association, N. Y. Farmers' Bank of Saratoga county, N. Y. Sacketts Harbor Baok, Buffalo, Reciprocity Bank, Buffalo. Chemung County Bank, Horseheads, N. Y. Ontario Bank, Vica, N. Y. Ontario County Bank, Phelps, N. Y. Oliver Lee & Co.'s Bank, Buffalo, N. V. Hollister Bank, Buffalo. Niagara River Bank, Towanda, N. Y. Bank of Orleans, Albion, N. Y. Huguenot Bank, New Paltz, N. Y. New-York County Bank, N. Y. Farmers' Bank, Wickford, B. I. Mount Vernon Bank, Providence, R. I. Rhode Island Central Bank, East Greenwich, R. I. Bank of South County, Wakefield, R. I. Warwick Bank, Warwick, R. I. Tiverton Bank, Tiverton, R. I. Bank of Hallowell, Maine. Hancock Bank, Ellsworth, Maine. Danby Bank, Danby, Vt. Bergen County Bank, Hackensack, N. J. Bank of New Jersey, New Brunswick, N. J. Merchants Exchange Bank, Bridgeton, Ct. Wooster Bank, Wooster, Ct. Sanford Bank, Sanford, Maine. Monson River Bank, Monson, Mass. Kanawha Bank, Virginia. Miama Valley Bank, Dayton, Ohio. S Bank of West Tennessee, Memphis, Tenn. a Agricultural Bank, Brownsville, Tenn, d Bank of Commerce, Georgetown, D.C. Colchester Bank, Connecticut.

4. September 30, 1857 The Middlebury Register Middlebury, VT

Article from The Middlebury Register, September 30, 1857

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say, was answered by the payment of a million and a half of specie, in the course of a few hours. In this course the banks have by strict constructions of the law, forfeited their charters. In consequence, a proclamation of the Governor convening the Legislation appeared yesterday. It is as follows: Whereas, serious financial revulsion has occurred, resulting in the suspension of specie payments by the banks of this and other States, the failure of many long established commercial houses leading to the destruction of confidence and general embarrassment, threatening to affect disasterously, the credit of the Commonwealth and the great industrial interests of the people and requiring prompt, strict and efficient action to relieve the suffering community.... Therefore, I convene the Legislature to meet on the 6th of October, to adopt such measures as the present exigency requires. PITTSBURGH, Sept. 28. The excitement is subsiding. The Mechanics Bk. suspended to day. Business is paralyzed. All of our banks, except the Pittsburgh have suspended. The Providence Journal of yesterday morning in speaking of the condition of the affairs in that city says: 'There never before were two such weeks as closed upon the business of Providence last saturday Money continues at unmitigated rates although the demand slackens under the impossibility of obtaining discounts There is hardly any cotton in the market, and the manufacturers are working down their stocks, with no disposition to renew them under present circumstances. It is impossible longer to raise money to pay the labor and a dreary winter is before us. Until the news from Philadelphia and Baltimore arrived, there was a hope that the survivors of this week would go on with an easier money market; but these suspensions cut off a third of the collections upon which our banks were relying to meet their own engagements, and to extend relief to their customers. Providence stands now a creditor city but our collections on New York will not much more than ballance the demands upon us from that city, and those farther South are cut off by the suspension It is impossible to tell what the result will be, but it is plain that things cannot remain so much longer ### UNCURRENT BANKS. The following Banks are reported as uncurrent in this vicinity, though not all of them have failed: Mane.Bank of Hallowell, Hallowell -Canton Bank So. China-Ellsworth Bank, Bangor-Mousom River Bank, Sanford -Sanford Bank, Sanford. New Hamshire-Exter Bk, Exter, Vermont. Danby Bank, Danby-So. Royalton Bank, So. Royaiton, Massachusetts Cochituate Bank, Boston. Rhode Island. Bk. of So. Coventry Wakefield-Mount Vernon Bk., Providence R. I. Central Bank, Fall River -Warwick Bank, Warwick-Bank of Republic. Connecticut. Easton Bank, Killingly-Merchants Ex. Bank, Bridgeport-Worcester Bk., Danbury-Colchester Bank. Colchester. Pennsylvania-Warren County Bk, -Bank of New Castle-Lancaster Bk. New York-Bank of Orleans, Albion -Champlain Bank, Ellensburgh-Exchange Bank, Buffalo Farmers Bank New Paltz--Hollister Bank Buffalo-Merchants and Mechanicks Bank, Oswego-Niagara River Bank Tonawanda-Oliver Lee & Co, Buffalo--Ontario Bk Utica Reciprosity Bk., Buffalo-Sackets Harbor Bank, State Bk, Sackets Harbor-Chemung County Bank Horseheads-Ontario County Bk. Phelps-Yates County Bk. Penn Yan-Eighth Avenue Bk-Knickerbocker Bank. A little fellow from four to five years old, having perforated the knees of his trowsers, was intensely delighted with a patch his grandmother had applied. He would sit and gaze upon it in a state of remarkable admiration, and in one of these moods suddenly exclaimed: Grandma must put one on t'other knee and one behind, like Edy Smith's " "Let's take a horn," is a phase of frequent utterance. The blast of that horn may be the signal for the porter to open the gate of death. ### FACTS ABOUT THE PRESIDENTS. Four of the first seven were from Virgnia.--Two of the same name from Massachusetts, and the seventh was from Tennesee. All but one were sixty six years old on leaving office, having served two terms and one of them, who had served but one term would have been sixty-six years of age at the end of another. Three of the seven died on the 4th of July, and two of them were on the Sab Committee of Three that drafted the Declaration of Independence, and these two died on the same day and year, and on the Anniversary of the Declaration of Independence, aud just half a century from the day of Declaration. The names of three of the seven ended in 'son," yet neither of these transmitted

5. October 1, 1857 Quasqueton Guardian Quasqueton, IA

Article from Quasqueton Guardian, October 1, 1857

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Broken and Suspended Banks. A friend sends us the following complete and reliable list of Bank suspensions and failures of recent date, which will undoubtedly be of service to many of our readers: Hancock Bank, Maine. Bank of Hallowell, Maine. Exchange Bank, Maine. Exeter Bank, N. H. South Royalton Bank, Vermont. Danby Bank, Vermont. Wooster Bank, Connecticut. Merchants Exchange Bank, Bridgeport, Ct. Mercantile Bank, Hartford, Conn. Bank of North America, Seymour, Ct. Colchester Bank, Conn. Farmers' Bank, Wickford, R. I. Tiverton Bank, R. I. Arcade Bank, Providence, R. I. Warwick Bank, Warwick, R. I. Mt. Vernon Bank, Providence, R. I. Rhode Island Central Bank, R. I. " Bank of the South County, " Bank of Kent, Farmers' Bank of Saratoga, N. Y. " Ontario Bank, Utiea, " Fort Plain Bank, Ft. Plain, " Hollister Bank, Buffalo, " Reciprocity Bank, Buffalo, " Sacketts Harbor Bank, " Oliver Lee & Co's Bank, " Chemung County Bank, " Niagara River Bank, " Ontario County Bank, " Chemung Canal Bank, " Buffalo Bank, " Tonawanda Bank, " Phelps' Bank, " New Palt Bank, " Western Bank, Lockport, " Yates County Bank, .. Niagara County Bank, " International Bank, Buffalo, " New York Security Bank, " Unadilla Bank, " State Bank, Sacketts Harbor, " Huguenot Bank, " Bank of Albion, " " Corning, " " Lima, " " Orleans, Albion, Island City Bank, New York city. Mechanics' Banking Association, New York city. American Bank, Trenton, New Jersey. " Bergen County Bank, " Cataract City Bank, Paterson, " Iron Bank, Rockaway, " Haversack Bank, " Commercial Bank, " Bank of New Jersey, Trenton, " " " New Brunswick, Warren County Bank, Pennsylvania. " Farmers' and Drovers' Bank " Honesdale Bank, " Erie City Bank, Erie, " Bank of Middletown, Seneca County Bank, Tiffin, Ohio. " Sandusky City Bank, " Miami Valley Bank, " City Bank of Cincinnati, Bank of Kanawha, Virginia. Trans-Alleghany Bank, " Zimmerman Bank, Canada. Agricultural Bank, Tennessee. " Ocoe Bank, " Shelbyville Bank, Bank of West Tennessee, " " Bank of America, " Bank of East Tennessee, Peninsular Bank, Detroit, Mich. " Bank of Tecumseh, Rock River Bank, Wis. Farmers' Bank of Hudson, Wis. Bank of Elgin, Illinois. Bank of Naperville, Ill. Cumberland Savings Bank, Maryland. " Cecil Bank, " Hagerstown Bank, Farmers and Mechanics, Kent co, Md. Farmers and Marchants Greenshe

6. October 9, 1857 Vermont Watchman and State Journal Montpelier, VT

Article from Vermont Watchman and State Journal, October 9, 1857

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LIST OF SUSPENDED BANKS TO SEPT. 25TH. Meusam River Bank, Sanford, Maine. Canton Bank, South China, Maine. Ellsworth Bank, Maine. Exchange Bank, Bangor, Maine. Sanford Bank, Sanford, Maine. Exter Bank, New Hampshire. Danby Bank, Vermont. South Royalton Bank, Vermont. Bank of the Republic, Providence, R. I. Bank of South County, Wakefield, R. I. Farmers' Bank, Wickford, R. 1. Mount Vernon Bank, Providence, R. I. Tiverton Bank, Fall River, R. I. Warwick Bank, Warwick, R. I. Merchants' Exchange Bank, Bridgeport, Ct. Colchester Bank, Conn. Bank of Orleans, Albion, New York. Hollister Bank, Buffalo, New York. Niagara River Bank, Tonawanda, N. Y. Oliver Lee & Co.'s Bank, Buffalo, N. Y. Ontario County Bank, Phelps, N.Y. Ontario Bank, Utica, N. Y. Reciprocity Bank, Buffalo, N. Y. Sackett's Harbor Bank, Buffalo, N. Y. American Bank, Trenton, N. J. Bank of New Jersey, New Brunswick, N.J. Bergen County Bank, Hackensack, N. J. Bank of Kanawha, Virginia. Trans-Allegany Bank, Virginia. Bank of Commerce, Georgetown, D. C. Canal Bank, Cleveland, Ohio. City Bank, Cincinnati, Ohio, Seneca County Bank, Tiffin, Ohio. Miami Vally Bank, Dayton, Ohio. Clinton Bank, Columbus, Ohio. Columbus City Bank, Columbus, Ohio. Union Bank, Sandusky, Ohio. Agricultural Bank, Brownsville, Tenn. Bank of West Tennessee. Bank of the Capitol, Indianapolis, Ia. Central Bank, Indianapolis, la. Bank of Elgin, Elgin, Illinois. Rock River Bank, Beloit, Wisconsin. Pennsylvania Bank, Philadelphia. Girard Bank, Phiadelphia. Bank of Canandaiagua, Canandaigua. Western Bank, Lockport, N.Y. Commercial Bank, Philadelphia. Six Penny Savings Bank, Rochester, N. Y. Albany Eve. Journal.

7. October 10, 1857 Weekly National Intelligencer Washington, DC

Article from Weekly National Intelligencer, October 10, 1857

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SUSPENDED BANKS EASTWARD. The New York Sun gives the following list of Banks located east of Maryland which have suspended specie payments : MAINE. Canton Bank, China. Monsum River Bank, Sanford. Exchange Bank, Bangor. Sanford Bank, Sanford. NEW HAMPSHIRE. Exeter Bank, Exeter. Weare Bank, Hamilton Falls. RHODE ISLAND. All suspended specie payments. MASSACHUSETTS. Bass River Bank. Western Bank, Springfield. Lee Bank, Lee. VERMONT. Danby Bank, Danby. South Royalton Bank, South Stark Bank, Bennington. Royalton. CONNECTICUT. Bridgeport City, Bank, Bridgeport. Thompson Bank. Bank of Hartford County. Windham County Bank. Bank, of North America, Seymour. Mercantile Bank, Hartford. Colchester Bank, Colchester. Exchange Bank, Hartford. Pawcatuck Bank. Charter Oak Bank, Hartford. NEW YORK. Agricultural Bank, Herkimer. Island City Bank, N. Y. city. Leonardsville Bank. Bank of Canandaigua. Bank of Central New York, Utica. Mechanics' Banking Association, Bank of Lima. New York city. Bank of Old Saratoga. Medina Bank. Bank of Orleans, Albion. Niagara River Bank, Tonawanda. Bank of Watertown. Oliver Lee's Bank, Buffalo. Chemung County Bank. Ontario County Bank, Phelps. Dairymen's Bank, Newport. Ontario Bank, Utica. Farmers' and Citizens' Bank, L.I. Oneida Central Bank, Rome. Farmers' Bank, Hudson. Powell Bank, Newburgh. Hamilton Exchange Bank. Reciprocity Bank, Buffalo. Hollister Bank, Buffalo. Sacketts' Harbor Bank, Buffalo. Hudson River Bank. Western Bank, Lockport. Huguenot Bank, New Paltz. Worthington Bank. Yates County Bank, Penn Yan. NEW JERSEY. America Bank, Trenton. Bank of N. J.; N. Brunswick. Bergen County Bank. Bordentown Banking Company. Burlington Bank. Burlington County Bank. Camden Bank, Camden. Cumberland Bank, Burlington. Farmers' and Mechanics' Bank, Gloucester Bank, Woodbury. Camden. Hunterdon County Bank. Mount Holly Bank. Phillipeburgh Bank. Princeton Bank, Princeton. Salem Banking Company, Salem. Union Bank of Frenchtown. PENNSYLVANIA.

8. October 31, 1857 Vermont Phœnix Brattleboro, Bellows Falls, Ludlow, VT

Article from Vermont Phœnix, October 31, 1857

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Uncurrent Bank Bills. Under the present temporary arrangement during the panic, the bills of the suspended Banks of New England and New York are generally current in Boston and New York.The exceptions up to this time are all given below ; and in regard to these it is supposed that the bills are good in most cases, though not bankable. Or those Banks in this State set down as uncurrent, the Royalton, Stark, Missisquoi, and St. Albans, are undoubtedly good, and holders of bills should not submit to a sacrifice on them. The bilis of the following Banks are not received at the Suffolk Bank, Boston, nor at the Metropolitan Bank, New York : MAINE. China, and Canton, at China. Ellsworth, at Ellsworth. Exchange, at Bangor. Hallowell, and Central, at Hallowell. Hancock, at Ellsworth. Maritime, at Bangor. Monsum River, and Sanford, at Sanford. NEW HAMPSHIRE. Exeter, at Exeter. Weare, at Hampton Falls. VERMONT. Danby, at Danby. Missisquoi, at Sheldon. Royalton, at Royalton. South Royalton, at South Royalton. Stark, at Bennington. St. Albans, at St. Albans. MASSACHUSETTS. Manufacturers, at Georgetown. Western, at Springfield. RHODE ISLAND. At present all notes issued by the Rhode Island Banks are rejected, although most of them are current in their own State. CONNECTICUT. Bridgeport City, at Bridgeport. Charter Oak, at Hartford. Colchester, at Colchester. Exchange, at Hartford. Hartford County, at Hartford. Hatters, at Bethel. Mercantile, at Hartford. Merchants' Exchange, at Bridgeport. North America, at Seymour. Palaquioque, at Danbury. Pawcatuck, at Pawcatuck. Quinebaug, at Norwich. Thompson, at Thompson. Uncas, at Norwich. Windham County, at Brooklyn. Woodbury, at Woodbury. Wooster, at Danbury. NEW YORK. Agricultural, in Herkimer County. Central Bank of New York, at Utica. Dairyman's, at Newport. Hamilton Exchange, at Greene. Hollister, at Buffalo. Huguenot, at New Paltz. Medina, at Medina. Niagara River, at Tonawanda. O. Lee & Co.'s Bank, Buffalo. Ontario, at Utica. Orleans, at Albion. Reciprocity, at Buffalo. Sacketts' Harbor, at Buffalo. Troy City, at Troy. Yates County, at Penn Yan.

9. August 9, 1871 Green-Mountain Freeman Montpelier, VT

Article from Green-Mountain Freeman, August 9, 1871

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Washington Com supreme Court. The Supreme Court of Vermont for WashingtonCounty commenced its session Tuesday Hon. James Barrett. Hon. Homer E. Royee, Hon. Timothy P. Redfield. Hon. Jonathan Ross were present as Judges. Court opened with prayer by the Rev. J. E. Wright. The following cases have been heard: No. 3. ;A, L. Miner, Receiver, V. the National Bank of Bellows Falls, et als. Appeal from chancery by the orator. Fifield for orator Edmunds, Heaton & Reed, and Shaw for defendants. No. 4. A. L. Miner, Receiver, v. the Natimal Bank of Brattleboro, et als. Appeal from chancery by the orator. Fifield for orator : Edmunds, Heaton & Reed, and Shaw for defendants. These two cases were similar and the questions involved the same, so that the first one only was heard. This was an action commenced in chancery by the plaintiff, A. L. Miner of Manchester, Vt. It appears that in 1857 the Danby Bank of Danby failed, and in the process of settling its affaire the plaintiff was appointed receiver of said bank. It was claimed that said Danby Bank was a safety fund bank, and that this defendant, the National Bank of Bellows Falls, was also a safety fund bank, and that the Bank of Bellows Falls upon learning of the failure of said Danby Bank procured H. M. Bates, who was their State Treasurer, to deliver to them the sum of about $5,500, being the amount which the Bank of Bellows Falls had contributed as its share of the safety fund, and this action was brought by the receiver of the Danby Bank to compel the Bank of Bellows Falls to pay back to the State Treasurer, for the benefit of the creditors of the stud Danby Bank. or directly to the receiver for their benefit, such sum as was paid back the said Bank of Bellows Falls from the safety fund in October, 1857. by the said State Treasurer, Bates. With Court.

10. August 9, 1871 Green-Mountain Freeman Montpelier, VT

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the Danby Bank to compel the Bank of Bel lows Falls to pay back to the State Treasurer. for the benefit of the creditors of the said Danby Bank. or directly to the receiver for their benefit, such sum as was paid back the said Bank of Bellows Falls from the safety fund in October. 1857. by the said State Treasurer, Bates With Court State Finances. The settlement of the financial accounts of the State makes a capital showing of the State finances. and exhibits the watchful, economical and prudent care of the people's money by John A. Page, the State Treasurer. STATEMENT 00 326,000 Registered Bonds 1871. 1-74, 91,500.00 Coupon $117,500 1876 936,000 00 Registered 1876. 168,500 00 Coupon $204,500 1878, 238,500.00 Registered 1978 51,500.00 Coupon $20,000.00 $112,000 Registered Bonds, 1890, (Agricultural 185,500 College Fand.) 114,603 Balance Cash in Treasury The College Fund is held by the State as Trus tee It is gratifying circumstance that within six years from the close of the rebellion the State debt should be reduced to less than half a million, with over a hundred thousand dollars in the Treasury to pay current expenses This IS a record that few States can present Ruiland Herald. The Herald, in a subsequent issue. acknowledges its indebtedness to Hon. EVELYN PIERPOINT, Inspector of Finance, for the above figures Mr. Pierpoint had recently made his official visit to Montpelier, and, in with examconjunction the Treasurer's Auditor Ferrin, accounts had for ined State the It will no one knows the fine financial past year. surprise ability and integrity who of the Treasurer to learn in this official man ner of the satisfactory and gratifying condition State finances. But we desire further to that on at of the we coming of our report say looking Treasurer the notice forththat during the fiscal year just closed there has been paid into the Treasury on account 561,189 16 of State taxes 8,956 50 By Probate Judges, for fees 25,035 By County Clerks 195 15 Int. collected on overduetaxes, 6,769 20 Int. collected on cash balance, 3,000 00 Licenses to Circus Company, 1,111 56 For Statutes sold, 137,729 7 For Military stores sold, 9,361.38 For sundry small items, We notice disbursements for Debentures of Gen'l Assembly, 1870 $49,401 20 3,737 13 For soldiers' claims 227,811 67 Auditor's orders 62,872.60 Court orders 59,630.00 Interest on funded debt 964 88 Interest on other items $471,500.00 Coupon bonds cancelled 138,000 00 Reg. loan cancelled $609,500.00 136,000 00 Less b am't of reg. loan issued. Showing a reduction of the fund$473,500 0 ed debt, amounting to The balance of State taxes reported as Sept. 1. Of the tax amounting outstanding, paid. of 1870, 1870, have all in been all to the sum of $588,866.13 there remains now unpaid only $7,050.32 which is due from fourteen towns. It is a gratifying circumstance that in the three counties which claimed to have been the action in the grand list of equalizing oppressed by of the there Legislature remains taxes unpaid but $2,978,53, which is due from four towns. Active efforts are now being put forth to raise $120,000 capital stock, with which to start company village. The intention is to a manufacturing purchase in the this D. water Taft power and buildings now owned by & Son, for the use of the new corporatonWe the stock may be speedily taken It to better than and ought hope pay well bank managed stock, a manufacturing company. and doing an extensive business, is a material blessing to any community. SMART OLD LADY.--Girls and young ladies of Vermont, what say you to this? One day last week, Mrs Caroline Underhill, wife of Ira S. Underhill, of Washington, did the following day's work. She waghed for a family of four persons, churned and took care of her butter, wove two yards of cloth, raked up three fourths of an acre of grass, raked after three loads of hay, milked two cows and and meals of for the house-work. morning victuals evening, family Mrs. besides cooked Underhill doing three other is of age. Wesay was more timber of that sort eixty-two ordinary years young that growing if there up in the country, there would be less young men with fair incomes and good salaries, croaking round that they cannot get married because they would not be able to support a wile. PICNIC -A common school and town picnie was held in Brookfield, in the old camp on the was fine and a ground, very Wednesday goodly number 2d. assembled, The day variously estimated from 1,000 to 1,500.

11. August 17, 1871 Rutland Weekly Herald Rutland, VT

Article from Rutland Weekly Herald, August 17, 1871

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AGRICOLA. THE DANBY BANK SAFETY FUND CASE.- The Supreme Court of Vermont for Washington county, commenced its session Tuesday of last week. Hon. James Barrett, Hon. Homer E Royce, Hon. Timothy P. Redfield and Hon. Jonathan Rose, were present as Judges. The following cases have been heard: No. 3. A. L Miner, Receiver, V. The National Bank of Bellows Falls, et als. Appeal from chancery by the orator. B. F. Fifield for orator; George F. Edmunde, Heaton & Reed, and Wm. G. Shaw for defendants. No. 4. A. L. Miner, Receiver, v. The National Bank of Brattleboro, et als. Appeal from chancery by the orator. B.F. Fifield for orator: George F. Edmunds, Heaton & Reed, and Wm. G. Shaw for defendants. These two cases were similar and the questions involved the same, 80 that the first only was heard. This was an action commenced in chancery by the plaintiff, A. L. Miner, of Manchester, Vt. It appears that in 1857 the Danby Bank of Danby failed, and in the process of settling its affaire, the plaintiff was appointed receiver of said bank. It was claimed that said Danby Bank was a safety fund bank, and that this defendant, the 2 .8tional Bank of Bellows Falls, was also 8 safety fund bank, and that th Bank of Bellows Falls upon learning of the failure , of said Danby Bank procured H. M. Bates, who was then State Treasurer, to deliver to them the sum of about $5,500, being the amount which the bank of Bellows Falls had contributed as its share of the safety fund, and this action was brought by the Receiver of the Danby Bank to compel the Bank of Bellows Falls to pay back to the State Treasurer, for the benefit of the creditors of the said Danby Bank, or directly to the receiver for their benefit, such sum as was paid back the said Bank of Bellows Falls from the safety fund in October, 1857, by the said State Treasurer, Bates. With Court.