"Bank of Pittsylvania."
--From some cause, unknown to all the world, save the sensationalists, a report has been industriously circulated in this and other sections of the State
, to the effect that the ‘ "Bank of Pittsylvania
"’ cannot redeem her notes!
A more mistaken proposition, or unfounded rumor, was never palmed off upon a credulous people.
For the amount of notes issued, contrasted with her specie on hand, solvent debts and State bonds, she is now, undeniably, one of the most solvent banks in the State
The entire amount of notes issued by this institution is $162,000. She has, in specie, some $49,000; in State bonds, $50,000; in solvent debts about $180,000. The stock already subscribed for amounts to the sum of $127,000; $100,000 of which has been paid in, and for which the owners are bound to the note-holders of the bank.
Add all the above assets and assurances together, and it will at once be seen that the solvency of this institution is beyond all question.
In addition to all this, the Bank of Pittsylvania has a decided advantage over many of the other Banks
of the State
, in the collection of her debts, as most of them have been made since the passage of the Stay law.--These debts can be put in a train of collection at any time the interest to the institution requires, while her resumption of specie payment is governed by the same law which is hereafter to operate upon all banks alike.
In view of the above facts, we say to all holders of the notes of this bank, do not permit the sharpers and money-changers of the country to shave you out of them.
They are fully as valuable as any notes you can possibly get in exchange.
The mere fact that they are not, at the present writing, bankable in Richmond
, is no evidence they are not as good as any notes issued by the Richmond
A few days at most will suffice for the utter dispelling of every vestige of the unfounded rumor relative to the solvency of this bank.