The Express.
London, England, 1859-12-30 00:00:00

THE LalltPooL Bosons BANr.

A genera meeting of the proprietor. and etre
tarries wee held YellardaY, at the I:ankles-house, Tarr-
pool, fee the reposeef allerdeing se sear. mods !Lb.!
the licieldrn, she.. Os rail dog
end the wires made le winding up the gaiireaaa carte.
ampere. lithe sm. year Oar **min d she mtgs•
tine for relic up the olden. the gag a „paa
the rooster wiry the whelarep hd mat ben.
Mr. BILLNLYVMOOIII said he ass mach surprised that
after the epee of • yaw the liquidators had not given the
shareholder any more Informadon, though they hall had
ample time sad leers far examinee the boor and search-
lag into matters oonsooted with the management of theta..
To the chairman the shareholders more epochally looked
that their interests Amid be sttendad to. SlnCe big yew be
whM b•d obtained certain sti et greet met,
ich h• meireird the liquidates*infoce mighton sad angle to
have gives the sharrokiers gratetteuely. Meer, hem' Of
this information he would give • sketch mod y. Up to
1841 the business of the beak wee conducted agog the
sound principle that whirrr a debt became bed or dsmbdd
it was written of, ad as reread natil dividiede wore
brought to its credit by pasties owing the bask mossy. Mks
gram, consequers of the bank getting into amour,
whisk they were probably staid to lay before
th• shareholders, was given up, and • bad
sad doubtful debt amount opined, which went
OM to 1346, whet • heavy bier conned.
Tip be that time the meets and statenenta issued by the
Memoter wen duly doped In eixordeace with the deed of
settlreent, bat fr. IMO ead 1.9 to tho This
of the beak,
Mir men get eainglasernaent reign. This wasepave
ehd adage ..the, mid Ms Meth .odd be perferly swab-
MOM by • reference to deteneers la lsie (the speaher's)
mils. Next with regard to the t—.o Weirs
ewe L. until 1849, and then the mtnote. stated won
seem and miserable MM. Wrier. (Cheers.)
ere a seeentary of the dates of theme minutes, and oMerveil
Meleager. are them eye unegeseery, Mr. Maori mid
that no aterftp-hook wee Mgt till 1866-52. They had bee
Mid that dr dierlers were enema of what was plasm is
Abe_ beak but he Mod that there were deciercins and reao-
Miens elf maw, deur on more than one coceskia. Qs
the Pith ed how, 1840 it wee decided that, "in order to
per. • radio derision airbag out of the present airs
of the bank, which under other circumstances would be
inevitable, end In order to make way for other SMOVION6te,
Mr. Roemer be requested to resin from the direction."
Now, if the were informed at this early period of
the stated would they have allowed matters to MAI
the onlaretleg point at losing all their capital, and burr
eels M pay beelike No was of common sere would have
Miss Is.- 8o for from giving any Worrier, however, to
the shereholdir • resolute. was peesed sera, to burr
all inferrer. Thee was than a minute that all adore.,
should be limitd to 20,000 L, but this was found so rem-
vernier that it was rescinded in 1853. Why t Bream it
hid been treaspreed to an enormous rte. Oa Novelette
20, 1866, there was • minute, " That es ore somata
should exceed 10,0001., roe. the follawfsg," sod then
followed a list of geatimer, comprising some Mare& ad
thousands of pounds, rem me of wren led
(Cries of " Name, arr. ) Mr. Moors did not
think It necessity to me re them M. pesserr though
if it were pee rable after...ids be weeld d• so.
Hagan noticed the far that the edgiest lortrlonof the beak,
widely aw.ke to the centres which was being peared, left
it in 1846, Mr. Moore eampriar that .greats were 'er-
red forward year after year as good yrs the draper mug
bar bra aware that they were utterly worthless. The ao•
count of Mardi* who failed in 1846, wee not written ce
anti 1866. (Deareohation.) Next discs kw Inseam
of the " good neenageoser•• as to sedee, Mr. Moore
28,0781. to

Mated that the flreiirs en advance of .
the security being a lease width MOB IVOrli than worthlas.
Nort, 34,6091. to a purrs new worthy of credit for a tithe
of the amount; next, 34,81161., no security • 33,0001, soca-
-8,8001., but not worth ac ything of the kind; next,
44.2471., interest on this account being-charged to the and of
1864; when to mend matters, the Merton paid up other
debts belonging to this individual, In order is get
the management into their own hands; next, 23,1741.,
security utterly worthier; next, 44,8691., to a sur-
geon whose prydlithes wen quite as good • moult, as
that offered. (Laughter.) Next, 47,383/. upon the deeds of
Iron works not worth half the money. The Doherin.thanyd
De Wolff amounts he passed orris too wall known
Next was a mortgage on land, 17,909 yards, at 31. and 41. per
1864 this was debited in the stroanta 13,0001., Lat
Light since goo* on increasing by the accumulation of in-
terest until it now reached 17,0001. Having enumerated
ethic acernts in which the valorof the securities bore a
idmilsr proportion to the advances, Mr. Yore esentioned that
the ear ofitooke stood in the eocounta et 318,6644 sad that
the Weems( enothr err—three arse thaw the heed—
ansthard in 1864, to 214,3411. • in 1856, to 221,7231.; In
1856, to 311,912/. • in 1867, to 134,3191.; the balance, when
the bank closed, being 317,1601. Now he (Mr. Moore) could
show that the directors knew the portion of these accounts se
early u 1864, and, notwithstanding this, they kept increasing
the accounts in one case to the extent of 88,0001. after they
had received a warning front one of the parties as to his
=Tposition. r. Moor hare read passages from
itters of creditors and customers to the bank in
support of his statements. He next alluded to the " bed
and ruinous" system of re-dreountieg. It commentad in
1853. And why? Because the beak was In straits sad
wanted money. It went on {northing from year
_to yeas,
and In 1866 the rediscounting amounted to 14,224,5331 ;
1867 to 15,218,9991.; and from June, 1867, to the 27th
October, it amounted to 3,765,2621. Commentary upon this
was unntheessry—(cheers)—and he put it to the meeting
whether Ignorance could have prevailed within the building
of the rotten state of the bank so far back as 1853 sad 1854 P
(Hear, her.) Mr. Moore then entered into a detail of the
shareholders who VIM debtors t• the bank, and rid that
hare had bun displayed a systematic violation of the
deed of settlement. Nothing, in fact, could have
be wore thee the management of the bank's affairs, and
no other result than the disastrous one which had occurred
ooald hays been reasonably anticipated. On the occasion of
the kat marry; tome indignation had hese manifested, when
he (Mr. Moors) used the phrase, " Delinquent directors."
bat he read, whether what had taken place did not justify
the expression—(hear, bear)—and in support of this view he
quoted the expressions used and comments made by the Lord
Chief Justice, Mr. Justice Wighturn, and Mr. Justice
Hill. in the rose of " Boon v. Dixon." In °occlusion, Mr.
Moors regretted that he should have had the necessity laid
upon him to make these remarks.
The Coat RYAN stated that by being consenting parties to
the examination of the books, &c., under the authority of the
Master of the Rolla, they bad in feat given all the infor-
mation which they could. They did not think it their duty as
liquidators to take proceedings against the directors.
Mr. Di :cos thought he had bees hardly coed in having
well known facts raked up against him. The deficiency was
only 68.0004 on a million at the time ha agreed to the report
alluded to, and the outside directors did sot know till the
talk stopped ; all the facts which hare since crate to light ;
and the -faults ascribed to him were due to the Liverpod
system of bank management, particularly as to privacy of
the accounts of customers. lie never thought that the re-
port he signed would deceive the public, or he would not
have signed it. He also denied that personal mute:ions in-
fluenced the directors in their business with the customers of
the book. _ _ _

la SWIM to Mr. Boozes,
TM CIAILIMAN mid that the liquidators hoped to pay off
60,0001. of the loan early next year.
After some further discussion, the proceedings terminated
with a vote of thanks to the chairman.

PRESENTATION OF REWARDS FOR SAVING LIFE
1105 811IPAUCK.—LowisTorr. Dec. 28.—A public
seestiag wee held yesterday, at the Court-home. Lowestoft,
for the purpose of presenting the silver mobile of the Royal
National Lifeboat Institution to certain of the men who
manned the Lowestoft lifeboat, which is in oonnetion with
that institution, on the occamion of the wreck of the @teem-
shlp Shamrock:of Dublin, on the Helm Sand. in the terrific
gale of the let of November List. CMOs' Steward, Esq.,
of Blundeston-hall, J.P. and deputy.lieutenant of the
oonuty, was called to the ;hair. and was t.upported by Ad-
miral Sir Charles Nafraf, K.C.8., M.P., Colonel Wingfield,
8.A., Captain Joachim, R.N., Captain Prestos, Rev. H.
Jodrell, and F. W. Cubitt, and many other gentlemen. The
Chairman, in opening therm:goading., said the meeting had
bees needs special for the gratifying putp ea of presenting to
thcee gallant fellows now before him, the crews of the
Lotreacdt and Fairfield lifeboats, the medals and votes of
thanks on watt:rent from the Royal National Lifeboat In-
stitution. Captain Joachim, R.N., read the letters which be
had received from the secretary of the Royal National Life-
boat Institution, and which &compacted the silver medals
and votes of thanks for the following:—Robert Hook,
Francis Smith, Richard Butcher, Theresa Lilian, Alfred
*twee, James Butcher, and William Rose--all of the
Lqlessauft lifeboat; and Nathaniel Colby, courrain of the
Pakelleld lifeboat. The Chairman thou presented in the
above order the society's Were breast medal =eloped in a
Seat morocco ..ukee, and the vote of thanks on parchment in
as appropriate rosewood frame. Sir Charles Napier, hi.P.,
having made a few observations, the proceedinge, which were
of a very interesting character, oloeed with a vote of thanks
to Captain Joachim, K N., for hi, suable conducte vertices
in the
On all
occasions • and to the chairman, or hie

A CHZAP ELECTION.—The election accounts for
the borough of Liekeed tor Mr. Bernet In
election
hare jest been published. After the clatests In which the
gentleman hr in pest tier beet engage& and especially
after the tights that his father bad is times before the }Worm
Bill, the right hon. gentlemen moat hare been most agree-
ably astonished at his coot" at his present borosgh. The
total amount of expenses published ill M. 13s. 10d. These
Include returning officer's charge, 101. 1,.. 64. ; lfrleting and
stationery, 141. 12e. 64 ; desrdriair, U. 14e. N.; pasting
addresses, 31. lge.; election =direr. W. 19e. 6d.; eandri
OW items mats op the total.

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