8706. Hancock Bank (Ellsworth, ME)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 15, 1857
Location
Ellsworth, Maine (44.543, -68.419)

Metadata

Model
gpt-5-mini
Short Digest
832ea344

Response Measures

None

Description

Hancock Bank, Ellsworth, ME appears on lists of suspended/broken banks during the Panic of 1857 (Sept. 1857). An injunction was made perpetual and receivers were appointed (notice indicates receivership effective from Nov 25, 1857). The bank did not reopen and receivers conducted sales of assets in 1858-59, indicating permanent closure/receivership.

Events (2)

1. September 15, 1857 Suspension
Cause
Macro News
Cause Details
Listed among numerous suspended and broken banks in September 1857 during the wider financial crisis/panic of 1857.
Newspaper Excerpt
Hancock Bank, Ellsworth, Me.
Source
newspapers
2. November 25, 1857 Receivership
Newspaper Excerpt
have been appointed Receivers to Hancock ... having been duly qualified as such, hereby give public notice that eight months from the 25th day of November last, will be allowed to the creditors ... S. WATERHOUSE, HATCH MACOMBER, ARNO WISWELL. Ellsworth, Dec. 3d, 1857.
Source
newspapers

Newspaper Articles (14)

Article from Meigs County Telegraph, September 15, 1857

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Judge Warden arrived in town this morning, having completed his engagements in Southern Ohio. The Judge brings us good reports. The Republican meetings were much Barger and more enthusiastic than those held by our opponents, at which Payne and Lytle spoke. Judge Warden and Governor Chase spoke at Marietta, Pomeroy, Gallipolis, and Ironton. At Marietta meetings were held in the afternoon and evening. The meeting at Pomeroy was an extraordinary turn out. It was as large, and there was as much enthusiasm manifested, as in a Presidential election. The Republicans everywhere feel sanguine of increasing their majorities over what they gave last year, and in Gallia county particularly, the gain for the Republicans will be very large. When the cause looks so well in Southern Ohio, what may we not expect in Central and Northern Ohio?-State Journal. BANKS DISCREDITED.--Lord's Detector of the 1stinst. gives the following list of doubtful or suspended Banks, which were not included in the list we published last week: Wooster Bank, Danbury, Ct. Mercantile Bank, Hartford, Ct. America Bank, Trenton, N.J. Cataract City Bank, Patterson, N. J. Bergen Co. Bank, N. J. Union Bank, Frenchtown, N. J. Bank of Tecumseh, Mich. Macomb Co. Bank, Mich. Hancock Bank, Ellsworth, Me. JONES, the desperate burglar who shot and instantly killed officer Bebee in Columbus some three years ago while he was aiding several officers from Newark in attempting to arrest him, has finally been secured, and is safely lodged in the jail of Franklin county awaiting trial. He was ar rested in Wisconsin, where he was a member of a band of burglars and counterfeiters, and confessed the murder of Bebee to a policeman who was placed in the same cell with bim on a sham arrest for passing counterfeit money, and succeeded in gaining hisconfidence. IMPORTANT NEWS FROM KANSAS.-At a Mass Meeting of the Free State men of Kansas held on the 26th ultimo, it was decided that the Free State men WILL VOTE at the October election. They yet protest against the bogus laws under which they are compelled to vote, and also against that partial apportionment of the Territory which is intended to favor the slave power. It is thought by the Free State men that the best way to redress their wrongs, is to secure for themselves a fair representation through the ballot-box. It is also determined that the purity of the ballot-box shall be preserved at all hazards. PAYNE'S WHISKY BILL.-The Sandusky Pioneer says that "the Liquor Bill of Hon. H. B. Payne, the "Dred Scott" candidate, during the late convention, in room No. 190, in the American House, Columbus, alone amounted to $175,37." If it requires $175,37 worth of whisky to nominate a democratic candidate for Goyernor, what will be the amount required to elect him? The McArthur (Vinton Co.) Journal, of Thursday says: "Edson B. Olds and the Circus are both to be in town to-day. We rather think the show will have the largest crowd, though it would be rather difficult to say which has turned the greatest number of summersets, W. O. Dale or the Doctor. We'll bet on the Doctor, anyhow."


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.


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.


Article from Oxford Democrat, December 4, 1857

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GROCER'S BANK. The Bangor Jeffersonian says that the injunction against the Grocer's Bank, at Bangor has been made perpetual, and receivers appointed to wind up its affairs. The exhibit shows a large amount of resources above its liabilities. It advises persons holding bills on the bank, not to submit to a great discount. The injunction against the Hancock Bank at Ellsworth, has also been made perpetual.


Article from Ellsworth American, December 4, 1857

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Hancock Bank. Ellsworth, in the County of The been appointed Receivers to Hancock and State of Maine. by the Hon. Jonas Cutting, one of the Justices of the Supreme Judicial Courty and having been duly qualified as such, hereby give public notice that eight months from the 25th day of November last, will be allowed to the creditors and all persons interested, to present their claims for allowance: and the Pank: ing Room of said Bank will be open for that purpose every Wednesday and Saturday, from 10 to 12 o'clock A. M. and from 1 to 3 o'clock P. M. until notice of a change shall be advertised. S. WATERHOUSE, HATCH MACOMBER. ARNO WISWELL Ellsworth, Dec. 3d, 1857. 45 8mo.


Article from Ellsworth American, February 5, 1858

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Hancock Bank. THE undersigned having been appointed Receivers to the Hanoook Bank, of Ellsworth, in the County of Hancock and State of Maine. by the Hon. Jonas Cutting, one of the Justices of the Supreme Judicial Court, and having been duly qualified as such, hereby give public notice that eight months from the 25th day of November last, will be allowed to the oreditors and all persons inter ested, to present their claims for allowance; and the Room adjoining A. Wiswell's Office, will be open for that purpose ev ery Wednesday and Saturday, from 10 to 13 o'clock A. M. and from 1 to a o'clock P. M. until notice of a change shall be advertised. S. W ATERHOUSE, HATCH MACOMBER. ARNO WISWELL. Ellsworth, Dec. 3d, 1857. 45 8mo.


Article from Ellsworth American, March 12, 1858

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Haneock Bank.' The The been Pappointed Rectivers to Ellsworth, in the County of Hancock and State of Maine. by the Hon. Jonas Cutting, one of the Justices of the Supreme Judicial Court, and having been duly qualified as such, hereby give public notice that eight months from the 25th day of November last, will be allowed to the creditors and all persons interested, to present their claims for allowance; and the Room adjoining A. Wiswell's Office, will lbe open for that purpose or ery Wednesday and Saturday, from 10 to 12 o'clock A.M, and from 1 to 3 o'clock P. M. until notice of a change shall be advertised. S. WATERHOUSE, HATCH MACOMBER. 3 ARNO WISWELL Ellsworth, Dec. 3d, 1857. 45 Sme


Article from Ellsworth American, April 2, 1858

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Hancock Bank. been appointed Receivers to Ellsworth, in the County of Hancock and State of Maine, by the Hon. Jonas Outting, one of the Justices of the Supreme Judicial Court, and having been duly qualified as such, hereby give public notice that eight months from the 25th day of November last, will be allowed to the creditors and all persons inter ested, to present their claims for allowance; and the Room adjoining A. Wiswell's Office, will the of en for that purpose CV ery Wednesday and Saturday, from 10 to 12 o'clock A.M. and from 1 to 3 o'clock P. M. until notice of a change shall be advertised. S. WATERHOUSE, HATCH MACOMBER. ARNO WISWELL Ell-worth, Dec23d, 1857. 45 Sino


Article from Ellsworth American, December 17, 1858

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Bank Commissioner's Sale. NOTICE is hereby given that we the undersigned, Receivers of the Hancock Bank, Ell-worth, will sell at Public Auction at our office in Ellsworth, on Thursday, the 13th day of January next commencing at ten o'clock A. M. all the right title and interest which said Bank has in and to the following described real estate, to wit: a lot of land situated on water street, in Ellsworth village, with the brick store thereon. being the same premises conveyed to said Bank by deed of David Dy. dated March 3,AD 1855,and recorded in Hancock Registry of Deeds Vol. 100, Page 183. Also a mortgage of real estate due said Bank, situated in Orland in said County. containing ninety -six acres more or less with the debt thereby secured, being the same pemises conveyed to said Bank, by Nancy P. Keyes, by deed of mortgage dated Dec. 23, A. D. 1856, and recorded in said Registry, Vol. 104, Page 67. Also a mortgage of Real Estate due said Bank, situated in said Ellsworth with the debt thereby secured, being the same premises conveyed to said Bank by Ivory L. Brown by deed of mortgage dated May 29, A. D. 1856, and recorded in said Registry Vol. 104. Page 132. Also all the interest said Bank has in an I to another lot of land situated in said Ellswo th, containing eight square rods, by virtue of a levy on the same, on an Execution in favor of said Bank against Alfred Joy, made on the 6:h day of August A. D. 1857, and recorded in said Registry, Vol. 104, Page 464. Also the right of redemption which Christe pher Chase has in and to his homestead, situated in said Ellsworth sold on an Execution in favor of said Bank against said Chase, on the 15th day of July A. D. 1858, to Arno Wiswell for said Bar k. being the same premises conveyed to said Wiswell by Isaac 11. Thomas, Sheriff. by deed dated Sept. 16, A D. 1858, and Recorded in soid Registry Vol. 106, Page 543. Also all the interest of said Bank in and to about four thousand acres of timber land situated in Nova Scotia, on the LA Have river and its branches, in the counties of King and Annapolis. Also will be sold at the same time and place all the demands belonging and due to said Bank except what may be previously disposed of. Terms Cash. Recievers 8. W ATERHOUSE, of the HATCH MACOMBER, Hancock Bank. M ARNO WISWELL, 46 Ellsworth, Dec. 8, 1858.


Article from Ellsworth American, December 24, 1858

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Bank Receiver's Sale. NOTICE is hereby given that we the undersigned, Redeivers of the Hancock Bank, Ell-worth, will sell at Publie Auction at our office in Ellsworth, on Thursday. the 13th day of January next commencing at ten o'clock A. M. all the right title and interest which said Bank has in and to the following described real estate, to wit: a lot of land situated on water street, in Eilsworth village, with the brick store thereon being the same premises conveved to said Bank by deed of David Dy dated March 3,AD 1835. and recorded in Hancock Registry of Deeds Vol. 100, Page 183. Also a mortgage of real estate due said Bank. situated in Orland in said County. containing ninety -six acres more or less with the debt thereby secured, being the same pemise* conveyed to said Bank, by Nancy P. Keyes, by deed of mortgage dated Dec. 23, A. D. 1856, and recorded in said Registry, Vol. 104. Page 67. A Iso a mortgage of Real Estate due said Bank, situated in said Ellsworth with the debt thereby secured, being the same premises conveyed to said Bank by Ivory L. Brown by deed of mortgage dated May 29, A. D. 1856, and recorded in said Registr ; Vol. 104, Page 132. Also all the interest said Bank has in and to another lot of land situated in said Eliswo th, containing eight square rods, by virtue of a levy on the same, on an Execution in favor of said Bank against Alfred Joy, made on the 6th day of August A. D. 1837, and recorded in said Registry; Vol. 104, Page 464. Also the right of redemption which Christ pher Chase has in and to his homestead. situated in said Ellsw sold on an Executi n in favor of said Bank against said Chase, on the 13th day of July A. D. 1858, to Arno Wiswell for said Bar k, b ing the same premises conveyed to said Wiswell by Isaae II. Thomas, Sheriff, by deed dated Sept. 16, A D. 1858, and Recorded in soid Registry Vol. 106, Page 543. Also all the interest of said Bank in and to about four thousand acres of timber land situated in Nova Scotia, on the La Have river and its branches, in the counties of King and Annapolis. A Iso will be sold at the same time and place all the demands belonging and due to said Bank except what may be previously disposed of. Terms Cash. Revievers S. W ATERHOUSE, of the HATCH MACOMBER, Hancock Bank. ARNO WISWELL, 46 Ellsworth, Dec. 8, 1858.


Article from Ellsworth American, January 7, 1859

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Bank Receiver's Sale. NOTICE is hereby given that we the undersigned, Receivers of the Hancock Bank, Ell worth, will sell at PubHe Auction at our office in Ellsworth, on Thursday, the 13th day of January next commencing at ten o'clock A. M. all the right title and interest which said Bank has in and to the following described real estate, to wit: a lot of land situated on water street, in Ellsworth village, with the brick store thereon being the same premises conveyed to grid Bank by deed of David Dy dated March 3, AD 1855,and recorded in Hancock Registry of Deeds Vol 100, Page 183. Also a mortgage of real estate due said Bank. *ituated in Orland in said County containing ninety -six acres more or les. with the debt thereby secured, being the same pemises conveyed to said Bank, by Nancy P. Keyes, by deed of mortgage dated Dec. 23, A. D. 1856, and recorded in said Registry, Vol. 101. Page 07. Also 16 mortgage of Real Estate due said Bank, situated in said Ellsworth with the debt thereby secured, being the same premises conveyed to said Bank by Ivory L. Brown by deed of mortgage dated May 29, A. D. 1856, and recorded in said Registry Vol. 104, Page 132. Also all the interest said Bank has in and to another lot of land situated in said Ellswo th, containing eight square rule, by virtue of a levy on the same, on an Execution in favor of said Bank against Alfred Joy, made on the 6:h day of August A. D. 1857, and recorded in said Registry, Vol 104. Page 464. Also the right of redemption which Christopher Chase has in and to his homestead. situated in said Ellsworth sold on an Execution in favor of said Bank against said . Chase, on the 15th day of July A. D. 1858, to Arno Wiswell for said Bar k, being the same premises conveyed to said Wiswell by Isaac H. Thomas, Sheriff. by deed dated Sept. 16, A D. 1858, and Recorded in sold Registry Vol. 106. Page 513. Also all the interest of said Bank in and to about four thousand acres of timber land situated in Nova Scotia, on the LA Have river and its branches, in the counties of King and Annapolis, Also ill be sold at the same time and place all the demands belonging and due tosaid Bank except what may be previously disposed of. Terms Cash. Recievers 8 WATERHOUSE, of the HATCH MACOMBER, Hancock Bank. ~~ ARNO WISWELL, 46 El Isworth. Dec. 8. 1858.


Article from Ellsworth American, April 8, 1859

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Bank Receiver's Sale. Notice is hereby given that the undersigned Receivers of the Hancock Bank, Ellsworth, will sell atpublie auction at Arno Wiswell's office in said Ellsworth, on Tuesday the 15th day of March next, at ten of the clock in the forenoon, all the interests of said Bank, in and to about four thousand acres of timber-land situated in Nova Scotia on the La Have river and its branches, in the Counties of King and Annapolis. Receivers 8 WATERHOUSE, of the HATCH MACOMBER, Arno Wiswell. Hancock Bank. ~~~~~~~~~~~~~~~~~~~~~~~~~ Ellsworth, Feb. 10, 1859. 5w 3 El'sworth, March 15th, 1859. Sale adjourned for one week, at the same hour and place as above designated, which will be the 22d inst. S. WATERHOUSE, Receivers. HATCH Maco IBER, ARNO WISWELL, in Ellsworth, March 22d, 1859. Sale adjourned until the 15th day of April, at the same hour and place as above designated. S. WATERHOUSE, Recivers. HATCH MACOMBER, ARNO WISWELL. ~~


Article from New-York Daily Tribune, June 29, 1859

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A spirited contest has for several weeks been carried on between the railroads running along the south shore of Lake Erie and Ward's steamboat line, which promises in its results to involve large losses to one or both parties before it is terminated. The boat ine is from Toledo to Buffalo, touching at Sandusky and Cleveland. Under the competition, fares have been reduced between Cleveland and Buffalo from $5 to $1 50. Passengers are ticketed by boat on the . Lake at $3 or $4 less than by all rail. The Receivers of the Hancock Bank, Ellsworth, Me., will pay 25 P cent to the holders of certificates of claims against the Bank. The Philadelphia Pennsylvanian learns from the Hon. James Ross Snowden, Director of the Mint, that there is every reason to believe that the yield of gold, during the present season, from our gold-producing States, will afford a favorable comparison with that of any former year. The City of Wheeling is making an attempt to compromise its debt. The Wheeling Times says: As to the terms of compromise effected, they can be very briefly stated. As we understand it, the Committee agree that the city shall redeem our present outstanding railroad indebtedness--amounting to some $538,000-by allowing the bondholders thirty cents in the dollar on the original or principal of the debt, in cash; or to issue to them new bonds at fifty cents on the dollar on the original amount, the bonds thusissued running through a period of twenty years, and bearing the usual interest. These are the terms agreed upon between the Compromise Committee on the part of the city and the bondholders. By this means it is expected the indebtedness of the city will be very considerably reduced-say ird to half the present amount-and no doubt is but that we shall be abundantly able hereafoos to meet our municipal obligations as they shall bane due. The arrangements entered into some time ago by the Banks of Philadelphia, to receive the notes of most of the Banks of the interior of this State, we learn will be discontinued on and after the first of next month, July. At the meeting of the Directors of the Minnesota and Pacific Railroad Company, in St. Paul, the following gentlemen were elected to the respective offices named: President, Edmund Rice; Vice-President. R. R. Nelsen; Secretary, T. M. Metcalf; Treasurer, E. Caldwell: Executive Committee, R. R. Nelson, D. C. Shepard, W. B. Shute, T. M. Metcalf, E. Caldwell: Attorney, J. B. Brisbin; Engineer, D.C. Shepard. Gov, Ramsay resigned his place as a member of the Board of Directors. The vacancy occasioned by this resignation is not yet filled. The State of Indiana has for some time had the money ready in this city to pay the interest due July 1. The entire debt of the State is $7,358,361; of which $5,312,000 is 5 P cents, and $2,045,861 is 21 cents. This does not include about $800,000 yet outstanding and unpaid, of what is called the Bank Loan. (The Sinking Fund growing out of the State Stock in the late "State Bank will pay off the balance of the debt with a surplus of about $3,000,000, which goes to the School Fund of the State. The assessments for taxation in the States for this year amount to about $650,000,000. Seven years ago the sum was about $100,000,000. The annual State revenue will be about $1,200,000. The expenses of the State Government,inclue interest on her debt, amount to $530,000 per year, leaving a large surplus of revenue applicable to the annual reduction of the State debt, which by law has to be thus invested, the Auditor, Treasurer and Agent of the State constituting a Sinking-Fund Commission for that purpose, The 21 ₽ cents are redeemable in 1867. We have received a communication from P. Outwater, jr., the plaintiff in a recent law case alluded to in our columns, too late for publication to-day, but we shall endeavor to find room for his statement tomorrow. The annual meeting of the shareholders of the Michigan Central Road was held in Detroit, on Mon. day morning, when the following gentlemen were


Article from Ellsworth American, July 1, 1859

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Hancock Bank. A distribution of twenty. five per cent, having been ordered by the Supreme Judicial Conrt on all bills and claims allowed by the Receivers against said BankNotice is hereby given, that said percentage will be paid to the holders of the Certificates of claims, given by the undersigned on presentation of said Certificaies at our office in Elllsworth. Receivers. SAMUEL WATERHOUSE, 1 of the НАТСИ MACOMBER, ARNO WISW ELL. Hancock Bank 20th Blisworth, June 4, I859.