Click image to open full size in new tab
Article Text
Wooster Bank. We have as yet received no definite news of the suspension of this Bank.The Wooster Democrat says: "Ata meeting of the Directors of the of Wooster, on Tuesday evening Bank resolution was adopted, as we are authorizing a on its notes. that informed, last, a Depositors suspension this are of payments usual. We understand paid as has been resorted to in consecourse of the Banks of Cincinnati quence out their paper, a measure prothrowing duced a rumor prevailing in that city, of the failure of Joseph S. Lake, Esq, has of York, who it is well known New business connections with the Bank the large Wooster. We are informed by of of that a meeting of a full Board which Cashier will be held to-day, at will the Directors future course of the institution be determined upon." This is one of two or three Banks, that accepted the Locofoco principle of "inliability" and if it is worth anywe will soon learn the is certain, it did not keep thing thing dividual fact. the is Bank One one from suspending. The following of the sections of its charter, passed February 15th 1844: SEC. 2. That from and after the first one of in the year one thousand March, and forty-four, the stockholders Bank of Wooster of liable in their individual claim ally for each and every Bank, except in cases capacity. against said hundred said shall shall valid and be private where other- severdepositors and said Bank 19. wise agree." - O. L. vol. 42, p. It would appear that this is not the on connection that the Bank has with Locofocoism. ly From the notice above it will be seen that the Bank did not suspend operations until Tuesday evening. Ohio Yet on the Monday preceding, the Statesman gave out a hint that the Bank V had gone by the board. So it would ap0 that that paper had obtained others. some r information pear not communicated to e But this is not all. The Ohio Press, also a Locofoco paper, in speaking of the a failure of the Bank, makes the following e g grave "Medary charges: seemed to know more else about acoming event than any body the the bouthere, except the banks. By assets way that an account of all the be 8 of we hope Lake and the Wooster bank may curin published. It would present some Meda items. Among others, unless last ous has bought it up within the dary would be found a mortgage upon and ''year, the Ohio Statesman; all its property for ten thousand dollars-part himself patronage, of the money that Medary sold g. for in 1845.' is The Statesman in return evades a bu di rs rect reply to his brother Locofoen, i. concludes a long article as follows: "The foul imputation that we had any n. to do with the Wooster Bank, n. thing or its claims, is only worthy vs mortgages, coward and paltroon, the insignifican who dare bark at others nthe heels, foul slan bu puppy approach to bite. The and d. never of daddy and son, public the pri so ders whose wealth consists in full; pas vate, of bank charters, will be es er. robbings appreciated, and properly understood. no as Thus rests the matter. We shall Tha VS interfere with the family quarrel. them ed the Locofocos must settle among bee The Bank of Wooster has le er selves. one of their pets,chartered by a'Legisla an ture of which they had a majority the charter is engrafted one of So let he We have no doubt it darling in out. that principles. them but should that quarre rai th ns developments will take place, of whole truth leak out. e President cts Bank is an old crony of the Editor he the :heOhioStatesman and while a member ey Ohio Senate from Wayne county without or the for him as State Printer and bee his ted vote Medary would not have elected. to The Ohio Statesman says that Oh less IV is the third, if not the secon th ntState "now in the Union, and rich in all the constitutes the real wealth of a people. Who could ask a better commentary u mWhig measures, from a Locofoco wi pa no on than the above? The truth me sometimes per, leak out by accident. ice, The Mineral Bank of Cumberlan hus Md. has failed We have received