The Express.
London, England, 1851-10-23 00:00:00

BANKING LNSTITUTE.

Yesterday evening a meeting, which was very
fully attended, was held at the London Tavern, for the
purpose of appointing officers and adopting rules fir the
management of au institution to be called the Banking
Institute." Wm. U. Pitescorr, Esq.' was in the chair.
The objects of the institute are the diffusion of useful
knowledge on banking and mercantile affairs amongst
those who arc engaged in commercial pursuits, and the pro-
motion of such plans as may from time to time be suggested
for the general advantage of bank officers. These objects
are sought to he accomplished by periodical meetings of
the members for the purpose of reading and discussing
papers on subjects connected with banking and commerce ;
the publication of the proceedings of the institute, includ-
ing the papers read nt the meetings; the formation of a
banking and mercantile library for reference and circula-
tion; the republication of rare aid useful works on banking
and commerce, and on various branches of political eco-
nomy, each member of the institute to be entitled to copies
of such works, and all other publications of the society,
so that they may receive a portion of their subscriptions
in books. These advantages will be attainable by country
and foreign members equally with town members; and
country menihera not able to attend and read papers at
the meetings of the institute, can have them read by other
members. A permanent committee will also be formed,
for the purpose of endeavouring to establish a guarantee
fund for the fidelity of bank officers being members of the
institute, on the plan adopted by the officers of the Bank of
England. A reading room and news room supplied with
the daily papers, periodicals' and commercial publications
of importance, will be opened in a central part of London,
as soon as the committee are enabled to select a suitable
suite of rooms for the institute, and country members will
be able to make appointments, and also to have tneir letters
addressed to them, ut the roo:ns of the institute. The sub-
scriptions are proposed to be one guinea per annum.
The CHAIRMAN, in opening the proceedings of the
meeting, said he hail been requested by several members
of the banking profession to take the chair that evening, in
order to establish an institute for the general advantage of
the members of that particular calling. Ito had great
pleasure in doing so, for although other obligations would
prevent his having any permanent connection with the in-
stitution, yet lie should be happy if, by presiding on this
occasion, he could forward the ob,ects of au association
which he thought likely to be serviceable to the public as
well as to its own members. There were new social ar-
rangements which the present position ut society required
for the comfort of a large portion of the community of
greater importance thou banking institutions. It was
therefore of consequence to cultivate and extend scientific
and practical knowledge amongst those who had the direc-
tion and conduct of them. This association, if fully sup-
ported and properly carried out, was calculated, he had
little doubt, to attain that object. lie then stated the pro-
posed rules of the institution an given above, and proceeded
to say that in this association they only followed the ex-
ample of other professions who hied established similar in-
stitutions, and he did not see why the profession of banking
should not be able also to create and maintain an institu-
tion for the benefit of it; members and the extension of a
sound knowledge of commercial, monetary, and banking
affairs.

- -
he 11OSon.tnr SECRETARY (Mr. Dalton) Linn read the
report of the proceedings of the provisional committee,
which showed the great support the proposal had received
from the whole of the,hanking community, joint-stock as
well as private, both in London and in the country, and
stated the plan on which it was proposed to eatalslish the

Mr. J. W. OILBART moved the first resolution, "That
the establishm,mt of a banking institute is calculated to be
advantageous to all parties engaged in banking pursuits,
and is deserving of the support of the banking interest."
Ile said that this institution was not intended to be of the
character of several associations of bankers, which existed
fur the purpose of watching legislative proceedings in re-
lation to banking, but its only object was the mutual
instruction of its members, and urged the advantage of such
associations in improving the intellectual qualities of men
employed in a routine busiutss like bunking.
The resolution was seconded by Citaur.r4 CATa, Esq., of
the firm of Grote, Prescott, and Grote, and supported by
Gs:Quoit Clutmcmits, Esq., and carried unanimously.
Mr. HYDE CLAItIiE moved the second resolution,
that certain gentlemen, including Mr. G. Chambers, Mr.
Barnard, Mr. Forland, and others, all of them officials
in
banks, b.: the council of the Banking Institute fur the
ensuing year, and be requested to invite gentlemen holding
a high position iu the banking world to become honorary
officers of the institute.
It was second by Mr. NEWIIIELCIf, and carried.
A resolution adopting the coda of the rules propo.cl by
et, committ, w.is also egreed to; and, with a vote of
thanks to the chairman and to Mr. °abort and the mem-
bers of tho joint-stock banks present, the meeting ter-
minated.