The Sun.
London, England, 1839-07-05 00:00:00

TO STATIONERS AND PAPER MANUFACTURERS.
.141 T A MEETING OF WHOLESALE
STATIONERS, and PAPER MANUFACTURERS,
held at the London Coffee-house, Ludgate-hill, on Thursday,
the 4th July,
Sir JAMES WILLIAMS, in the Chair,
It was resolved, _ _

That a GENERAL MEETING of WHOLESALE and
RETAIL STATIONERS and PAPER MANUFACTUR-
ERS be holden at Stationers Hall, Ludgate-hill, on MONDAY
NM, the Bth instant, at Eleven o'clock for Twelve precisely,
to take into consideration certain matters, materially affecting
the interests of the Trade.
The attendance of Stationers and Paper Manufacturers is,
therefore earnestly requested at the above Meeting.
JAMES WILLIAMS, Chairman.

I :COMMERCIAL BANK OF LONDON.
‘--I CAPITAL, TWO MILLIONS,
In Two Thousand Shares of 1,050/. each.
Fifty per Cent. to be paid up by Instalments, and a reserved
power of enlarging the Capital if required.
DIRECroRS.
Edward Baines, Esq., M.P. Edward Oxenford, Esq.
Edward S. Cayley, Esq., M.P. John Ramsbottom, Esq., M.P.
Sir James Gambier. !George Rennie, Jun., Esq.
Thos. Grimsditch, Esq., M.P.'John Shovel], Esq.
Mark Gambier. Esq.(John Taylor, Esq.
John Harvey, Esq. A. J. Valpy, Esq.
Tiles. Hawkes, Esq., M.P. IR. Walker, Esq., M.P.
Arthur Todd Holroyd, Esq. !B. B. Williams, Esq.
Jonathan Hopkinson, Esq. i Thomas Wyse, Esq., M.P.
G. B. Matthew, Esq., M.P.
SOLICITOR.—S3.IIIIIeI ......ifizry, Esq.
It is unnecessary to advance arguments as to the expediency
of establishing this great National Bank. Existing circum-
stances will suggest the strongest. The object is to unite all
that is sound in the system of Joint-stock Banking, with all
that is respectable in the system of private Banking, and at
the same time to avoid the errors and evils of both.
Shares of Orli. Thousand Pounds each, with.soo/. to be paid
up, will prevent an admixture of speculative adventures with
opulent capitalists. The Joint-stock system of Banking to tbe
sound as a whole should be sound in each of its parts.
r•
The Royal Bank of Liverpool hcsbeen formed upon the same
principle—in the brief period of three years its shares have arri-
ved at a premium ofabout 50 per cent. London must ben better
field for such a system than Liverpool. The Commercial Bank
of London is capable of being the focus of the Joint-stock
Banks of the whole kingdom.
The Commercial Bank of London combines three important
adrantages—viz., a large capital, permanent responsibility, and
uniformity in the system of management ; thus securing that
acknowledged desideratum, a guarantee that the capital of the
Bank shall not be withdrawn, nor its efficient action impa7:4l
by the death or retirement of co-partners.
The Commercial Bank of London has been founded as a
Bank of Deposit for making advances by loan or otherwise, and
more especially as a point of concentration for such Provincial
Joint-stock and other country Banks as conduct their business
on sound banking principles.
Three Managers will be appointed. The qualification of each
to be a long previous experience in the banking or discounting
of London, by which the knowledge, decision, and secrecy of a
private bank will be added to the superior solidity of a sound
joint-stock system.
Interests on deposits will he allowed on special agreement
only, no Bank not having the advantage of issuing its own paper
can be expected to grant interest on floating deposits or on
current accounts; but while recognising security as the legiti-
mate basis of every banking transaction, the Directors will be
desirous at all times, but especially in periods of financial pre.-
sure, to meet the just demands of every class of society, com-
mercial, manufacturing, and agricultural.
Ten per cent. will be required to be paid on the allotment of
the Shares, and such further calls made as may be necessary,
by instalments not exceeding 10 per cent., of which three
months' notice will be given by public advertisement, but not
more than 50 per cent. of the subscribed capital will be called
for without the concurrence of three-fourths in value of the
Proprietors at a General Meeting to be held for that purpose.
In order to limit the responsibility of the Subscribers, it is
intended to provide by the deed of settlement, that in the event
of one-third of the paid up capital being lost, it shall be com-
pulsory on the Board of Directors to convene a meeting of the
Proprietors, and with the concurrence of a majority in value,
to dissolve the Company.
It is intended to establish a Branch at the West-end of the
Metropolis, but at no other place.
A General Meeting of Proprietors will be held annually,
when a statement of the affairs of the Bank will be laid before
them.
Applications for Shares and Prospectuses, addressed to the
Directors, to be made to the Solicitor, at 25, Throgmorton-
Street ; at
Birmingham—James Scott, Waterloo-street;
Edinburgh—Messrs. Smith and Kinnear, George-street;
Glasgow—Messrs. Buchanan and Aitkin
Leeds—Messrs. J. H. and G. Ridsdale ;
Leeds—Messrs. R. B. Watson and Co. ;
Liverpool--William Irlam, Esq., Solicitor;
Liverpool—Messrs. D. and J. W. 'Wilson ;
Liverpool—Messrs. William Reynolds and Sons.
DEPOSITS RECEIVED BY
The Royal Bank of Liverpool;
Messrs. Percival, Union Bank, Northampton ;
The Yorkshire District Banking Company, Leeds, and at
its Offices, in York, Hull, Sheffield, Halifax, Doncaster, Selby,
Thirsk, Melton, Bradford, Pontefract, Knaresborough, Ripon,
Huddersfield, Beverley, Dewsbury, Barnsley, Richmond, Wake-
fleld, Settle, and all its other Branches.
The West of England and South Wales District Banking
Company, Bristol, and at its Offices in Barnstaple, Swansea,
Bridgewater, Somerton, Cardiff, Wells, Exeter, Taunton, Mer-
thyr, Axbridge, Newport (Monmouthshire), Glastonbury, and
all its other Branches.
And the National Bank of Scotland, at Edinburgh, Aber-
deen, Glasgorv, and all its other Branches.
Applications from the country to be post paid, and to be ac-
companied by a reference to some party in London.