Article Text
Bank Troubles. Banks. - We learn that the following Banks are thrown out at the Suffolk Bank, in this city: Orono Bank at Orono, Ellsworth Bank'at Ellsworth, and Searsport at Searsport, Me.; Royalton at Royalton, and The Peoples' at Derby Line. Vt.; Rhode Island Central at Greenwich, R. I. The New England Banks who have exported their issues to the West to winter, are receiving them back a little before the contract provided.-Boston Courier. The community were thrown into some excitement, a few days ago, by a report that bills on the Bank of Royalton, the People's Bank at Derby and some others, were not received at the Suffolk Bank in Boston, in cons. quence of a failure on the part of said Banks to redeem their paper. It soon appeared, however, that there was no real trouble with the Banks themselves-that the whole difficulty arose from the failure of the Grocer's Bank in Boston, acting as agent for the Royalton and other Banks. The bills of Royalton and Derby are now received regularly, there having been a suspension of only one day. These institutions are sound. - Journal. w Since the above occurrence, the Grocers' Bank (Boston,) has been closed by the Massachusetts Bank Commissioners. Billholders, however, are advised that the bills will eventually be redeemed.