The Express.
London, England, 1857-11-18 00:00:00

8178PANSION OP THE WOLVIMHAMPIYIN AND
STAPPOEDSHIEZ BANS.

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(nom ova •wx coax
WOLVARHAMPTOI

TVIIIDAY BVINIXO.
This town ems thrown into great excitement this
morning, by s tumour which made wry ILd the spiel
which was to accompany bed am, to the died
that the Wolvirhampton and Staffordshire Banking Com-
pany had sieved. Crowds of pewee et mew aids their
way to the teak premiss., where the bath of the twos
was soon sioartained. no doors of the bank were closed,
and upon them the Ibliowing was posted:—
" The limbos of the Wokmatempton and Staikadehire
ilenking Company deeply regret Ito Leona the public that
Sep in under the normeity of okeiag for the prowl the
brut of the bask.

• "It timid greatly odd to the pain which the directors feel
In Mktg thk step if there did not sziat the most theolute
es be the liguidatka of miry claim %Mast the beak
end the directors will forthwith tab the next prompt
meseeree to atisfy every amount, sad retrieve say bereave-
'Awe that try arks from this unavoidable occonesen It
eireuthstaases skill not juenly a oontinuance of the bank.
"The di colas true* thee by Monday mat they shall be
silk to state the definite coon that ma be taken.—By ceder
older Board, IMAM Wtzsx, Maseger."
Very soon after the news of thk unfortunate OCCIIIIIIIOI
became known, the mayor (Mr. M. Ircmcmager) took the
mod energetic meraures to allay public encitemeeth He
cared a handbill to be Mircukted, of which the following is
• copy :
"The Marc of Wolverhampton begs to Worm the
holders of asks of the Wolverhampton and Ikedferdelaire
Beating Compeny that all notes will be paid to kW.
Ameermenle me being mole be malinse tie ekeektion of
each ado ue talsol. Main al% onilowel sot to atom of
their note, at less than their tall vane. .

"M. lactammezz,lllarr."

TM shopkeepers is as tem enandelithe alerts of as
Mayor by la wry harm pain, assaysebrit tsar al-
lingers to tots the asks of des teat es ion, bat Nll the
eseiteessed la the toes was bey peat, sad o two (though
peal) eanaraool ea the other tanks. 1' sows, hoa-
rser, sobilded ; sad it le unentood that the two pints
bents as. prepared tor say ersergeoey.
The elate of the mossy market hae dateless bad very
anti to do with the Wagege of this bank, for it tan • hap
end vaday proprietary, sad his for say yews occupied a
wry bigh patios la as maddens, of the trading lamest ;
as is adenoid Wad by what has been generally stated
b-day, that three parts of the banking business in con-
asks with the ionnease trade of this town was dome
through the Wolseriounrce and Staffordshire leaking
Cowpony. With the ban district Ito connexions were also

I avery extensive sale.
At the cotanteaceeent of hit week it was knows that the

sanagenieat bed beta reetdrefag operations ; buts gator-
day moreing a cheviot w seat to misty of the elastomers
(l-advisedly, as It Is thought) notifyley that for bills to be
adsiaed the bank Bed resin rid. Other clanearteeom of
a similar character we rise le the traeriolos the the beak
was in trouble ; it wee bet the M had earemed esdetsalte
to some parties who bad beery emptgautals; sad yeetaday,
shortly after the doors were °reed, then woe a partial run
ea the bank. In the meantime the directors did their
straost to meet the enierpeoy, but they failed in
raisin feeds to any enlist. She orpeorkte of Ilawkincs,
liawiemaa, and Co., was a severe blow. Areleteete ht 'Om
(patters was Weed, and for the monist the Wipe ancest
of esearitiss held woe inconvertible Pattial aid was eidelsei

on Keeley, but this was lunch too limited to ant the my
noted pressere ot te-day ; and late lest night the Meld!,
reluctantly resolved on a stoppage.
That there 101 be a loss of a sblTutg to milady elti-
sagely is oat of the gmetka, the proprietary is so mualthy;
bat the stoppage death en setabhabaient, in each a district
as this, at this nemant, is a may peahens amnia failed'
I How the difficulty Is to be rest—from what mem wages CM
to be provided ma Wonky sight, nobody ova nature to
conjecture at this moment; whilst, to increme the rich, the
stopper at the works sn throwing a large number di par-
son oat of employment.
The Chamber of Camerae net to-day, the Mayor la the
chair ; sad the propriety of a neolutioa to be gni by all
present was dimmed, agreeing to receive Wolverhampton
and Stsifortlabin notes se anal. The consideration of this

question was adjourned until to-morrow , sad with the
Mew to take the best counsel ,s this enirrneacy, the Mayor
ham gone to /oak the conned and aid of Lord Hallwks, the
loed•llentenant of the county.

The bank which eusgr;nded to-day wet fetheal ease
dart, years since, and took to the bulbar of • private
strehltahaitat ;it bad • paid-up capital et 40,0001., saber
quietly Increased by bonus ands tart& to 10001001. The
London assets on Williams, D 4110012, sad CO. TIN deprehe
my large, bat smithies the amount at thus re the Ispgs-
111110AS of the beak an yet known.

• special saselisist the wedikes d the Usk le eaßei
for Thursday nest, esti et the shasieldire fas Malley seek
To the unpleasant sews d the stoppage of this Walt wad
be appended the *dal intelligence al the snapesies al
four larp iiIIDA is this district : of these, Mann nay have
segagements emovetiag et least to 200,0001; F. C. Perry
sod Co., at the Baugh Hay Pumas* 1001,0001. ; sad tee
Geiser, listillties sot lasses. Meetings of the creditor. have
his. sited ; and other casualties ere spoken of as certain.

nth; leveeing Wolverhampton is quiet ; but it Is greatly
!sand that other casualties are impending—indeed the muses
ci hat-a-doers other puttee were mentioned freely to- day.
The note circulation of the Wolverhampton mad Bede&
shire Deakin( Company la Omit 30,0001.
Am this dispatch was being rimed, an latimatisa reached
the wrier that a geed effort is to be made by indeselial
panic to re-opes the bank in s few dye; ft is earnestly
hoped, for the mak* of this town end the &trier, that this
Met will Le attended with succor.

(Fran the Wo/serharriptos Chroakla of this day.)
For some time put, as might have been expected
from the position of the trade of the &Wet, the bank was
pressed to extend Its discounts. It did so, sad, unfortu-
nately so it has proved, beyond Its available num It pre
mistier*, unluckily, with t/10 little prudence end too great
literality. Early last wink a great deal of illielliONS wea
sicked in the nand* of the directors by the discovery of the
that that an undue 'mount of &accommodation had, no-

known to the general body, bees afforded to certain paths
who would not otheraite have waived It. On Thursday ft
ins demised prudent, es a matter of preciantion, to decline &i-
-mputing altogether, and this het netarally originated ra-
mose of pressers having fallen open the bank. Urgent appli-
cations were made, bat the directors did not feel Ulleallble
at liberty to comply with them. On Friday sal Muds,

three sppliestion; ;tee renewed, but hits:8;1111am en din
latter day had rendered any adequate comptlante with them
a matter of impossibility, ass ray lugs moot of inapt-
anoes beat tog the bank's endorsement were retained. As
application for *maiden°, had been made to the Bank of
England, and had born complied with, but it was found in-
enificients On Friday and Betarday rumours of the diffi-
culty began to creep abroad, although iu commercial circles
the position in which the bank we likely to find Itself
placed, owing to the returned tiny was pretty well
known. On Saturday evasive =say persons declined
to take its notes. Throughout !kinder hopes were eater-
Wised that it might, by obtaining further wielatenee,
be able still sucemefully to (saunter the difficultiee of its
position. This assurance, however, was unathaloaltle, and
the feeling of alarm having spread, the Met was such a
heavy withdrawal of deposits on Monday se placed ell hops
of a successful struggle with the difficulty, in the present
state of the money market, beyond expectation. We under-
stand that a deputation is now in London for the pwpose of
laying the particulars of the ease before the directors of the
Bank of England, with the view of obtaining such aseier
*nos se may enable the bank at once to resume bovine's.
Upon the sucoins of the deputation we cannot venture to
.peculate; but we hope that when the very =ions cones-
quietus likely to follow upon the continued weepenelom, and
the thorough security with which It may be alfordsd, are
placed before them, that it will not be withheld.

THE UNEMPLOYED AT GLASOOW.—We repot to
learn that the list of unemployed methane to num& Mk
was to be nutted, the stagnation in the money menet
esealtaUng the diamlual of tenure, wearers ahlpbuildent,
and factory worken. The enertlema of the Meal authorities,
however, are most essiduon in the way of affording tempo-
rary relief to than whose claims ere damning, and ere nun
that in a very few days public confidence will be restored.
led each acoommodadm afforded to the enptoyeee ea will I
amble them to num their natal operMkoi. We halm
Dean requeted to remind subscribers to the relief feed that
their dot:tattoos an at present eery milady required.—
Magma Dad, Mail nt patetly.
At the qty Court al SWUM potarlay Dr.
lathotie, drill Masi am
bed loa e d Ifeedb,geemied Ida twee
at the m lam beta Impala dm the
lest osaftlag d la awe. sad he atetteehali alit et GI
piens fire espial the aim ef Ike temokelsa *sir
weeltentarevemet.