The Express.
London, England, 1856-12-17 00:00:00

SUSPENSION OF TIIB ICIDDERMINSTER

OLD

(Prom the /Leseinpamee Jusornoi of this day, Mettawday.)
The operations of another private bank in this
district lave bees brought suddenly and unexpectedly to •
slue. Last Saturday months the old bank at Kiddermin-
ster, earned on la the name of Farley, Turner, sad
was not opened for beanies as usual, but an fauns-
tun was posted outside to the effect that in consequent of
the death of Mr. T , thine was coo one invested with
authority to entry ea the bank. Up to ynterday (Tuesday)
afternoon boldness bad not been rnumed, altiongh the
doors of the establishment have bees kept open tor the
purpose of answering inquiries; in the meantime sufficient
has transpired relative to the state in which Mr. Turner's
affairs are left le preclude all possibility of the beak being
again opened for business.
The Wink of Parley, Terser, and Company was esta-
blished, we believe, between nit, and sixty years ago.
Amongst the original members of the firm was cos or more
of the family of Feeley, of the backing house at Worces-
ter. A few years ago that connexion was broken by the re-
tirement of Mr. Farley from the firm at Kidderminster, and
shoat the male time a gentleman named Jones, who bed
been for many years a clerk fa the house, was taken is u a
parser. At the time this arrangement was made it wee
eaderstood that Mr. Jones did n,.t take any money into the
concern. He did not ellfeiVe the date of his peetoership
more than three years. By his death Mr. Abraham Turner
became the sole member of the firm, sod his death at Chel-
tenham, last Thursday, has brought about a stoppage pre-
maturely, bat which was inevitable on no very distant day.
It has transpired that Mr. Terser hes died intestate ; of
the fact that he was iaselvent to a considerable amount,
there is, we fear, no doubt whatever. The bunk bad the
privilege of issuing notes to the amount of 14,:5001., but it is
supposed that the number actually in circulation will not
amount to months 8,0001 ; the liabilities are estimated
at a snot not exceedieg 70,0001. As to the value of the
assets, or ih.tir nature, nothing wbatever is known ; but for
some time prior to the stoppage, a disposition hid been
tainted on the part of the management to restrict opera-
dohs es much as possible, the consequence in all probability
of the limited means at command. The London agents of
the house, Meson. Roberts and Co., were, it I. understood,
prepared for what has occurred; in fact, Mr. Turner's want
of means had beak so secret for some tints prior to his
Amin, so that the town agents would be sure to provide
alienist any accident. Indeed, it is not improbable that
they had a bateau; for, it we are crosetly informed, Farley
and Turner's notes were cashed in London on Saturday
morning.
In Kidderminster the loss and inconvenience consequent
on the stoppage will be very several felt. As the nein
spread early and rapidly on Saturday morning that the Old
Bank had stopped, b tufted* hastened to en the notice punk
os the establishment, before they could credit that which
they were reluctant to believe. Saturday is pay de, at Kid-
derminster, and many persons wets dependent on a supply
from the Bank for their we rkmens' wages; the p had seen
the house open as nasal or. Friday afternoon, paying and
receiving in the ordinary way, and Saturday mortar a Nand
the dons virtually closed. As usual, in •is .re such earn
that might be mentioned, then was 113 euspicion of the Old
Bank; sod at this establishment the tunes of onst of the
public institutions of the town (Including the Cor-
poration) wen deposited. Instincts of peculiar and
individual hardship have reachtd ere as the con-
sequeftes of this stoppage; of toads pail into the bank
oa Friday for the advice of accepter c •s, whin', cf curse,
remain uwaiivised ; and in ninny ways has been a revere
blow, as may be expected, in such a manufacturing comma-
silty as Kidderminster. The Stourbridge sod Kidder-
minster is now the only banking establishment in the
town. We are glad to notice that the management has
behaved with as much liberality as circumstances would
admit of to parties most seriLualy attested by this 'entwine
ante occurrence.
The stoppage of a bank under the circumstances above
detailed is a very rare, if it Is not altogether an exceptional
occurrence. It may be presumed teat the winding up
will take places ander the direction of the Court of
Chancery.
Tee late Mr. Turner was a magistrate of the county of
Worcester, sad in ether respects Le occupied socially a high
position in his neighbourhood.

Fiat Im:wawa Dlll7.—The &scant realie44l by
the are ieeeresee duty la the year ended Mud' last wea
1,280,4414