The Express.
London, England, 1865-03-11 00:00:00

THE BANK FAILURE AT BIRRINGHAM.

gun DAY.)
.....-.

(BY lILIKNSIO T=Ua2l4)

(not ous ow

BIRKLIGHAII. Sim DAT. •
The shock caused here by the announcement of
this great disaster has been very great indeed, bet
upon the whole there is lees excitement than might
leave been expected . Per the moment the weight of
the calamity and the immense amount of mischief
which must result from it are not felt. There cants
little doubt that many failure. will take place.
The earliest trains from the country brough
hundreds of persons having deposits at the bank,
and very soon a crowd congregated round the
doors in New-street. The following announcement
was posted outside It is with feelings of the
deepest concern and distress we announce
that, owing to circumstances over which we
have no control, we are compelled to suspend pay.
ment. —Attwooda, Spooner, Marshal* and Co.
March 10, 1865."
Numerous cases of peculiar hardship are re.
ported. It is even said that in some instances
tbere were deposits as great as 15,000 i. tinny
societies kept their monies at this bank. It is also
said there was a considerable amount of true.
money there. Numbers of small manufacturers
kept their account. with Attwoods', and many ladies
lad deposits, as bad also persons in humble duke.
There has not been the slightest run on either of
the other private banks, and no want of meg.
deem has in that way been manifested. The
moint stook banks have rendered all the sesistame
in their power, and Messrs. Lloyds, with the view
to give full confidence to their friends, have per.
lished their last year's balanoe-sheet, showing thee
position to be most satisfactory. Mr. Marshall,
the only surviving partner in the bank, has filed g
petition in bankruptcy was done by Mr. W. 8,
Allen, as agent for Whateleye.

(Front tits Birstinghast Post of this day.)

It is with the deepest regret we have to sa.
sonar that the arm el Messrs. Arwood', 1190604 r, gy,
▪ and Co., bankers, el this tows, have bees obliges y
raped payesest. This lamination was lathed ei hy
tight. as eon as the reproosetativeo of re beak roan eft
rood that the but was unable to meet its 'wooers.
Om reeler. are swam that, with a view to the
emalgareatios of the hank with the Biter*.
Jointatock, Messrs. Arwood' and Co. surged
their affairs to investiption • sad in the COWS. of the
inquiry it was fouled that tite mete were sot sallided
to meat the &Wiles An effort was made to patio ;I
the ditfireety, bat it failed ; and, as honourable a,
they had so altornative bat to ekes the bask ee sus
as that state of things became known. A *Wee I
•
hankreptey woe filed last sight.
The liabilities are about a million ; 700,000 i. &pants,
XlO,OOO/. cortoomme haleness ; bat we comet based isy
estimate of the probable amts. There is a aridaside
dslicdeney, no doubt ; but what the ultimate resbillea ti
be is wholly a matter of eistleetute. The armors' sea
in circulation is about 20,0001.
The snangesuitnt with the Joist Stock Beak wee oar
Cogent epos the coolirmaties of the petered spar
!nest by the shareholders ; sod it will be reeollested
the meeting for the combination was Armed. Up is
that point the examination showed that the bores
ell Yews. Att woods, in respect both of deposits sad Pas
eases* mended et* expectation. It woe cely visa the
pasties of meets 01612111 to be considered that the &bins,
wee discovered, and of course the directors rif the kit
Inca ball so mune but to break off the segolisties.
To relieve as far se possible the pressure es the sestemes
of Mmes. Arwood' it has been armee& to apes coeds
accounts at the Birmingham Joint Stock Beak to meet the
immediate necessities of the creditors.
In order to alley the alarm whirs the smonneermat
of this failure will neoesserily eras, Bros. Lloyds
have wisely published a balance-sheet, which mar he
satisfactory to their friends. It is very Wed that
the private hanks which, from their castration, de
sot plat* their affairs before the public, should be
looked upon with distrust whew such a calamity as that err
ansetutoad Prue ; sad Yams. Lloyds have does well is
break through that privacy, and so aware their friends that
the state of their brines, justifies confidante in their ea-
bUity.