Danby Bank (Danby, VT)

Episode Information

Episode UID
2579061190693
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
257906119 hash
Start Date
September 4, 1857
Location
Danby, Vermont (43.346, -72.995)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5a7612fcde253a36

Response Measures

None

Description

Failure occurred as part of the widespread 1857 panic; a receiver was later appointed.

Events (2)
1. September 4, 1857 Suspension
Cause
Macro News
Cause Details
Suspended amid the widespread financial panic of 1857 that produced many bank suspensions in New England and New York.
Newspaper Excerpt
The Danby Bank, Danby. Vermont, has been thrown out by the Suffolk Bank, Boston.
Source
newspapers
2. October 1, 1857* Receivership
Newspaper Excerpt
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.
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. 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

5. 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.

6. 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.

7. October 12, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 12, 1857

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DISCREDITED BANKS. The following is a corrected list, to date, of recent SUSPENDED and DISCREDITED Banks: Arcade Bank, Providence, R. I. America Bank, Trenton, N. J., Agricultural Bank, Tenn. Agricultural bank, Herkimer, N. Y. Bergen County Bank N. J. Bank of Canandaigua, N. Y. do Naperville, Ill. do Belleville, do do Nashville, Tennessee. do Springfield, Ohio. do Tecumseh, Michigan. do Orleans, N. Y. do New Jersey, New Brunswick, N. J. do Kent, R. I. do Hallowell, Me. do America, Tenn. do West Tennessee, Tenn. do Paris, Tenn. do Corning, N. Y. do the South County, R. I. do North America, Connecticut. do Kanawha, Virginia. do Elgin, Ill., s. s., small circulation. do the Capitol, Indianapolis, Ind.; s. s. do Middleton, Penn. do Watertown, N. Y. do Chester, Ill. do Elgin, do do Pike County, Ill. Central Bank, Indianapolis, Ind., s. s. Chemung County Bank, Horse Heads, N. Y., s. s. Clinton Bank, Columbus, Ohio. City Bank, N. J. Cumberland Savings Institute, Md. Commercial Bank, Columbia, S. C. Citizens' Bank, Tenn. Corn Exchange Bank, Ill. Charter Oak Bank, Hartford, Conn. Colchester Bank, Conn. Danby Bank, Vt. Dayton Bank, Ohio. Dairyman's Bank, Newport, N. Y. Ellsworth Bank, Maine. Exeter Bank, N. H. Exchange Bank, Pittsburgh, Pa. Exchange Bank, Hartford, Conn. Farmers' Bank of Saratoga Co., N. Y., s. s. Farmers' and Manufacturer's Bank, Poughkeepsie. Farmers' Bank, Wickford, R. I. Farmers & Mechanics' Bank, Kent County, Md. Farmers and Merchants' Bank, Md. Fairfield County Bank, Norwalk, Ct. Farmers & Mechanics' Bank, Detroit, Mich. Honesdale Bank, Pennsylvania. Hollister Bank, Buffalo, N. Y., s. s. Hancock Bank, Maine. Huguenot Bank, N. Y. Hopkinton Bank, Westerly, R. I. Hamilton Exchange Bank, Hamilton, N. Y. Island City Bank, N. Y. city. Jefferson County Bank, N. Y. Lee Bank, Massachusetts. Mechanics' Banking Association, N. Y., s. s. Mount Vernon Bank, Providence, R. I. Maritime Bank, Maine. Monson River Bank, Me. Macomb County Bank, Michigan. Mechanics' Banking Association, N. Y. city. Morgan Bank, Ga. Miami Valley Bank, Ohio. Medina Bank, Medina, N. Y. Munson Bank, Mass. Merchants & Manufacturers' Bank, Pittsburgh, Pa. Mercantile Bank, Hartford, Conn. N. Y. Security Bank, N. Y. Nebraska money has been thrown out by St. Louis brokers, excepting the Bank of Florence. Niagara River Bank, Tonawanda, N. Y., reported failed, s. s. Ontario Bank, Utica, N. Y. Ohio Life Trust Company, don't issue notes. Oliver Lee & co. Bank, N. Y. - reported failed, s. s. Ocoee Bank, Tenn. Ontario County Bank, Phelps, N. Y. People's Bank, N. Y. city, reported failed, s. s. Pawcatuck Bank, Pawcatuck, Ct. Port Plain Bank, N. Y., s. s. Reciprocity Bank, Buffalo, N. Y., new bank, s. s. Rhode Island Central Bank, R. I. Sanford Bank, Me. Sackett's Harbor Bank, N. Y. South Royalton Bank, Vt. Seneca County Bank, Ohio. Southern Bank, Georgia. Stock Security Bank, Illinois. Tippecanoe Bank, Logansport, Ind. Tiverton Bank, Fall River, R. I. Union Bank, Frenchtown, N. J. Unadilla Bank, N. Y. Warwick Bank, R. I. Wooster Bank, Danbury, Conn. Warren County Bank, Penn. Yates County Bank, Penn Yan, N. Y. NOTE. - "S. S." means secured by state stock. Most of these Banks will pay their circulation in full, and holders of their bills should not submit to a large discount on them.

8. October 31, 1857 Vermont Phล“nix Brattleboro, Bellows Falls, Ludlow, VT
Article from Vermont Phล“nix, 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
Article from Green-Mountain Freeman, August 9, 1871

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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.