The Dorset County Express and Agricultural Gazette.
Dorchester, Dorset, England, 1861-02-19 00:00:00

BANKS AND BANKING.

EttEctoND ICLL.]
TfIIZE is not, istrhapa, the commercial his-
Feb 9, at Wilton Fmk, uftcr • short illness., Mr.
1,114111:11. n.4..41 u sines. 111:thy sesr t•.ry of this country ally chapter more imposing
It, ever to Lord lies 'sect of Les. lie w:.• mm 2, re- r in. deserving dui serious consideration of
vert,,l I. all who kilew bins, end leaves a a Wow and tse 'illl.ie than that which describes the origin
It. lb-clove bin b.S. :1:11I 1.1. 'rem of Joint-stud:. Banks. The pi-bi-
n:b. 11, at N, Fano, Wlsitchorels Cassisisi. mutual associalson and coign:ration in
no. lii., near I '•;,liiiotslli, the ale if 111 r. fl shies..
Earsie•:, used 77 re..rs. ,s'l raatters where great inter,sts are involved
at the Rot. E heard ff,,sek, s lit $o generally recognized that it has become
youngest bon of the tate Rev. Dr. Ness, rvetor of a 1.r...1...um1aut ft attire in our social system.
Purl. y. .sresit chartered companies of former times
F. I. at 17°'4°°.'111° 34rY•%r$l.SV of acte f detl to extract the riches of foreign
I, u 1.0,k, a‘e 176, u sounder of the tisscitty
of Fri.:lobs. count lis s, to impt.rt test, to collect spices, to
krill. 12, in the 24.1 par of h. r sr:o, at the reshls mice .trinoot • hales, to hoist wild beasts beyond
of her lhother, Mr. Jostles f. 0.1 Fatupske, oclinot's Bay, or to tax the opulence of India.
.11'srths, Mum slaughter of Mr. Robert Ridout, of the 11,0
slvs place. iiOlilil regsette4 'sir origin from .18241, when the Joint-stock
r I 14 e.. , u Su- oss2e, Mrs. Letits Hort, wnlow of the •
tato Mr. It.a...st t
Burt, 1144010 ourasuest, of that place, in Act W"a passe ThcY are eatablialled as aids
tsr 76th yea.. and Emilitie• of our I commerce, wit! g,
Feb. li.. ii 2.7.5. '27, T.sevin Rourl, Chester, after many lat course, so as to embrace the vast circle of its
,siontlsi of i.ssllcr;ei.,.!, Mr. S. 11. liass,i,wr,formes ly note foruilti rclations ; and experience, in regard to
_ .

1)!.: ITI frit.

..t leavtag anhiltek%l eitiuw IlLud tevru
ti, ttttttt rn Ilia irrerar,ble loos.

411 connntaniestions in relation to whatever de.
parttawnt of the Paper are to he all.ltooml to
the Eaitor of the 114,1•,1 County Erprem.. and
A :piediners, at the Otlice. Church
Street. Dorchester.

hoIVEsTR AUDAX.

their workings, hos sliewn that there are no
alanist quite as much as be has sinned.
echehies laure Practical and Hu tliv"altunn"' No man in his senses tan believe that he intended
more re •rative We have only to glance
wilfully and deliberately to imply that the Mayor
over the reports of the directors to ascertain
was a liar. There has been much misconception on
at divisions have twain and again been do was
sides. He may have construed Acts of Parliament
eared which inidd have appeared fabulous
even to the bubble- gers of the hut century ; the wrong way ; but dewing the subject from an lut-
a:id, whether the times be OHO of oppression, or partial point of view, it appears to us that his object
of prosperity, these establishments pass through has been the vindiettion of his own conduct, rather
cietori.oody, with overwhelming balabee-sheets, than impugning that of others, and in doing so may
cot literiastie half-yearly meetino. large returns, have employ ed terms different from what he intended.
it... 1 an ample surplus. illustration of these His ideas as to what is necessary to be done may be
remarks we might take up the half-yeorly
I 4iwee-At:et hi any year of any of the Jont- far too expansive for the ideas of the majority of the
:i . •
inhabitants of %%:eytuouth ; but he has performed
Lock Ranks ith which we are acquainted. We
some excellent work, and if the corporation would
have, however, a cast: in point. Our Poole cur-
supply him with the money, we have no hesitation
respondent has this week furnished us wit:i an
absi 'act of the report of the 2511 annual 'fleeting in saying that he would make it a model town for
:•1 the shareholders of the Wilts and Dorset every other in the kingdom. It is no detriment to
Itin.kius" euutPaliY: lield "t Salisbury a fortnight his Until.' for the office from which lie has been
since, from which it will be seen, that uotwith- tAwiporarily suspended, that there are persons who
standing the losses from failures in the leather will not tender fur work under him. Every n.an is
i ride, the directors—after setting aside it sUth. deserriuug of his due, and all must admit that tl.•
tient sum front the current profits of the year
to c,:ver the maximum amount of loss it i Surveyor will see work conducted under his super.
considered possible the couipany may ststain, Yoaon, properly carried out. Ile may be too particu-
awl &ducting the expenses.: f inanagetnent— Lir in adhering to the letter of a contract, for aught
have lieu enabled, from the profits, to declare we know, but die corporation has before now is
a dividend—with a bonus—of 12 per cent. ou pended large rums in doing work a second time,
the paid-up capital, which now aiiuuiits to because it was not thoie properly at first. A vast
1:150.000.* Besides this, Hwy have added amount of ill feeling has been engendered from cir.
£5,956 to the surplus finel, which now amounts
cutuatances hich,to us. appear trivial in themselves.
it: E:k.1,082. This proves at once how flourishing
a The Sur eyor unquestionably is greatly to be
is the business. True, the profit nod loss is'
:subject which more immediately concerns the blamed. He appeared wanting in prudence, so far
shareholders than the public, but the exceedingly as regarded his own interests, and also in respect to
f :vourable state of the balance-sheet shows that the Mayor and Corporation when called upon to
Cie Joint-stock system is based On a tine and apologise for his conduct, in the Council Chamber
listing foundation. But there are ether things which lie farther back,
To depositors and the mercantile community, the over %bias the surveyor his no control, that must be
odvantiges of Joint-stuck companies over private remedied before the affairs of the town will be cw..
I batiks are exceedingly muneruus, one of which— and ducted in madermity to the best interests of the i •
that by no means the least—is the security which habitaute. hisu do nut " gather grapes from thorns