Another Bank has gone down,—this time, a private one. The
suspension of the Cornish Bank (Messrs. Williams, Tweedy, and Co.) was announced on Saturday, and the district of which Truro is the centre has ever since been a scene of increasing suffering and alarm. The liabilities of the Bank are not known, but they are reported to exceed a million, while as to assets there is no information beyond the regular statement that the creditors would receive twenty shillings in the pound. They always will, on the day of a bank's failure, but they never do. The cause of the failure of this Bank appears to have been loans to the prin- cipal partner, the late Sir F. Williams, whose estates are strictly entailed and are not liable ; and to various mining companies in Cornwall, where miners have for some years hoped only against hope. Fortunately, the mischief is not aggravated by the ruin of thousands of unsuspecting shareholders, the partners consisting only of two families, who, of course, have also been the recipients of the profits of the concern, which they absolutely controlled.
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