Article Text
BANK OF OTTAWA.-The Bank of Ottawa, hitherto owned by Geo. S. Fisher, on Saturday suspended payment. We understand, on a thorough examination of the condition of his affairs, the depositors have became satisfied that there is no danger of ultimate loss, and that by accepting Mr. Fisher's proposition to receive interest on their deposits, and give him a little time, he paying as rapidly as he is able, they will get their money sooner and much more certainly, than by pressing him to the wall. The difficulty with Mr. F. appears to be that the bulk of his property consists of real estate, upon the sales of which he depended somewhat to meet his accumulating liabilities. But the season has been so backward and adverse, and the money market in consequence so stringent, that he was unable to effect the sales he could otherwise reasonably have counted upon, and finds himself momentarily embarrassed. That his property, if he is allowed time to husband it in such a way as to bring anything like its real value, is doubly sufficient to pay all his debts, no one who has any knowledge of his affairs appears to doubt for a moment. The building lately occupied by Mr. Fisher has been purchased by TRUE & W ATERMAN, Bankers, who had hitherto occupied rooms in Nattinger's Block. They propose to continue the banking business on their own account as heretofore, but under the name of The Bank of Ottawa," of True & Waterman, having of course, no business connection of any sort with the late Bank of Ottawa," of Mr. Fisher. Mr. F., meantime, has changed the location of his office to the rooms vacated by True & Waterman.
