The Sun.
London, England, 1855-02-28 00:00:00

bIANAGEIL.

The Bank Manager will net be appo.nted until the Directors shall
have had am le opportunity of selecting for that important posi-
tion a gentlem +n of flr:4-cla,s qualifications.
SECRETARY AND PROVISIONAL MANAOER.—Benjamin Scott,
Sofacrroas.—Messrs. Tyrrell, Paine, and Layton, Guildhall-
yard.

BROKERS.
Efe3sra. W. and 3. B. Scott, 75, Old Bread-adreet.

Mr„pstriblTOlSe; -
(To be ttelected ana.from the body of Proprietors.)
Offices (Temporary)-41, Moorgate-street, City.

... .
The Bank of LOndorchas been projected tor the pitrpoie of afford-
ing increased facilities for Banking in the metropolis and the Pro-
vinces upon the joint-stock principle.
Its promoters do net contemplate the introduction of any novel
modes of banking ; it will rather be their object to follow in the steps
of those soundly-conducted and well-regnlated establishments whose
management has contributed to place Joint-Steck Banks amongst
the most popular and flourishing of metropolitan institutions. Every
branch of legitimate banking businesi will be comprehended within
the scope of its operations.
Accounts, both current and oa deposit, will be received, and in-
terest allowed.
Dividends, annuitles,pay of officers, military, naval, and civil, and
other sources c f income, will he received for customers; purchases,
sales, and transfers in the public funds and other stocks, will be
effected, and circular notes of credit issued. '1 he safe custody of
title-deeds and securities belonging to customers, with convenient
access, will form a prominent feature in the arrangements of the
Blink;
The grounds which justify the establishment of this Bank must
be sufficiently obvious. The soundness of the j Ant stock principle,
its adaptation to modern modes of business, the accommodation It
afforde, and the security which it presents, have commended the
system to the judgment of the great middle class of society, whose
aggregate deposits form the bulk of tee floating capital lodged in
the h ands of the banking interest ; the increasing patronage which
has been consequently extended to Joint-Stock Banks has led to au
Inconvenient augmentation of business in many of those establish-
ments, urgently demanding further Banking accommodation.
The period selected for this step is particulary opportune ; trade
and commerce being diverted from many ordinary channels by the
untoward state of our political relations, capital naturally seeks for
Investment where it will be free from that depression and those flu"-
tuations to which it is liable at such a period. The Joint-Stock
Banks have been rendered accordingly available for the safe de-
posit of unemployed capital, and will probably Mt some time to
come continue to reap considerable advantages from this state of
things; while, should peace happily be secured, the activity result-
ing from release of capital, and renewed commercial enterprise,
will afford a legitimate and profitable exercise for the operations of
' Banking.
1 The following statement of the present market price of the
leading Joint-Stock Bank Shares, and the Dividends upon. each
respectively, affords the most c.incluslve evidence that ample room
exists for the profitable employment of capital in this branch of
business:—