The Sun.
London, England, 1839-07-04 00:00:00

COMMERCIAL BANK OP LONDON.
CAPITAL, TWO MILLIONS,
In Two Thousand Shares of 1,000/. each.
Fifty per Cent. to be paid up by Instalments, and a reserved
power of enlarging the Capital if required.
DIRECTORS.
Edward Baines, Esq., M.P. G. B. Matthew, Esq., M.P.
Edward S. Cayley, Esq., M.P. Edward Oxenford, Esq.
Sir James Gambier. John Ramsbottarn, Esq.. M.P.
Thos. Grimsditch, Esq., M.P. George Rennie, Jun., Esq.
Mark Gambier, Esq. John Shovell, Esq.
John Harvey, Esq. John Taylor, Esq.
Thos. Hawkes, Esq., AI. P. A. J. Valpv, Esq.
Arthur Todd Holroyd, Esq. B. B. Williams, Esq.
Jonathan Hopkinson, Esq. Thomas Wyse, Esq., M.P.
Sommost.—Samuel
arguments the expediency
of establishing this great National Bank. Existing circum-
stances will suggest the strongest. The object is to unite all
.
that 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 One Thousand Pounds each, with 500/. to be paid
up, will prevent an admixture of speculative adventures with
opulent capitalists. The Joint-stock system of Banking to be
Sound as a whole should be sound in each of its parts.
.Th.e Royal Bank of Liverpool hasbeen formed upon the same
principle—in brief period of three years its shares have at-li-
ved at a premium ofaboutsOper 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
advantages—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Bank shall not be withdrawn, nor its efficient action impaired
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 be 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 prep-
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 Prospectuses, or for Shares, to be made to
the Solicitor, at 25, Throgmorton-street ; Messrs. Smith and
Kinnear, George-street, Edinburgh ; to Mr. Buchanan and
Aitkin, Glasgow; Messrs. Blanchard and Richardson, York;
Messrs. J. 11. and G. Ridsdale, and R. B. Watson and Co.,
Leeds ; William Irlam, Esq., Solicitor, Liverpool ; Messrs.
William Reynolds and Sons, Liverpool. Deposits received by
the Royal Bank of Liverpool; Messrs. Percival, Union Bank,
Northampton; and the National Bank of Scotland, at Edin-
burgh, Glasgow, and Aberdeen, 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.

GOOD LOCKS A PREVENTIVE TO
CRIME.
The Police Reports almost daily show to those who have
Property of importance the necessity of procuring a good Lock.
Crime to a very serious extent may be traced to the negligence
indifferenceor shown as to the quality of Locks—bad locks
giving no security whatever, but enabling the dishonest and
the curious to open and relock to lull suspicion, by means of
other ordinary keys. or pick them with the common pick keys ;
thus private stock in trade, jewels, plate, documents, and
Papers of the most serious nature, are exposed to the prying
curiosity of those left in trust in the absence of principals. To
avoid these ruinous losses and exposures procure the SEVEN-
GUARDED LOCK, warranted and made by S. MORDAN
and CO. London, that defies the most ingenious burglar, or the
most determined meddler, whose love of curiosity overrules
every other feature. The Lock may be had by personal appli-
cation, or by letter, at the following prices :—Till, Cupboard,
or Drawer Lock, is. ; Portfolio, ss. ; Travelling Trunk, is. 6d.;
Book Edge and private Ledgers, Bs. 6d. ; Plate Chest, Cash
Box, or Desk Lock, Bs. 6d. ; Box or Guard for Iron Doors or
Chests, Street-door, Dead Locks, and Stock Locks for
Granaries, 14s. 6d. ; all with two keys. This description of
Lock is patronized at Newgate and Whitecross-street Prison,
and in most of the principal Establishments in London.
S. MORDAN and CO., 22., CITY-ROAD, FINSBURY.