The Sun.
London, England, 1838-07-31 00:00:00

JOINT-STOCK BANKS.

The Secret Committee appointed to inquire into the oiler'''
tion of the Acts permitting the establishment of Joint-
stock Banks in England and Ireland, and whether it I".
expedient to make any amendment in the provisions (?f
these Acts; and who were empowered to report the mi-
nutes of evidence taken before them, have considered the
su!'ject referred to them, and agreed upon the follovslos

Report
In their examination of witnesses during the present Sessiort
your Committee have avoided any renewed inquiry into the
general object referred to them; but they have obtained evil
dence upon three very important questions which were net
included in the proceedings cf the last Session.
1. The country branches of the Bank of England. thcis
system of Government, and the principles on which they ale
conducted.
2. The system of advances at three pt. cent. from
the
Bank of England to banks undertaking to circulate Bank
of
England paper in place of the paper of joint.stock and private
banks.
3. The question of the Bank of Ireland, the exclusive
vileges of that Corporation, and the expediency or inexpecil-
ency of those privileges being continued.
Your Committee recommend these three questions to the 'te
rious attention of the flouse, as bearing upon the general sub'
ject referred to their consideration; and, in refe, core to the
last, they are of opinion that the Ist Vict. c. 50, should b°
renewed for one year, and that Parliament should be placed $1
such a situation as to be free to adopt, in the next Ses;iorif
such legislative treasures as, on deliberation, shall seem to he'
most expedient.
In the course of their inquiries, it had been strongly urged
on the attention of your Committee that one part of the 10_
in respect to joint-stock banks stands in need of immediatv
amendment.
By the general law of partnership, the common-law remedl
for the recovery of debts which exist between party and part/
is not applicable in cases where the debt is contracted be:
tween a partnership and one of the portners or sharcholdere,
In such a case tho remedy is by proceect..7
Equity ; and such a remedy in the case of a Join;-stock 13,,a„
is so cumbrous, so complici ted, and so dilatory, as to ..!"r" °
adequate means for the recovery of a just debt. This
in a Court
noll,
venience is not wholly imaginary, but from the evidence of Ai_A"
Broadbent, one of the Inspectors of the Northern *7
Central Bank, has already had most formidable and injury
ous conseque ices. Upwards of 400,000'. is stated to
due to that Bank from its own shareholders. This sum '5
now practically irrecoverable at law ; and thus not only
is that establishment precluded from winding up its 001,
affairs, but the rights of third parties may be cffecte;!
most seriously. The inconvenience or danger extends much
further ; because, if a similar defence were raised by debtors
joint-stock banks generally, a most serious blow might he
struck at commercial credit, likely to produce the most chsil'
lamitous consequences. This state of things should not fO
permitted to continue; but whilst your Committee are,
opinion that a Bill to correct this inconvenience should be in'
troduced with delay, they are unwilling that such a melts°,
,
should be permanent in its character, or should be in force re'
a longer period than to the end of the next Session of PAO.
ment.
tah view
wßeywhfootlloe o
following
intoghbe jetehevitsid course, the law respecting joint-50eh
banks must be brought under early consideration, which, ss.";
aesnewelle
takento tihne proprietytne
present of
andc
on s ifterrlo:el
Sessions, your Committee consider highly desirable.
July 25, 1838.

THE SPIRIT OF THE EAST.—SLICII 1S the e
pressive title of a new work which is on the point of making its WO:
ance from the pen of Mr. D. Urquhart, for some years Secretary
ro
Cation at Constantinople. The work, as we under Stand, takes ti
of a Journal of Travels in the East; but we rimy imagine t
more may be expected from it than sucli a fjz,tigist indteite
there is, perhaps, no Englishman sFiwteljAiti aLgive a true
comprehensive estimate of " The Spi"ritAt She Est" as Mr, Urqubp
His long residence there—the peculiitvand extensive facilities 00 0
by his official situation—and his acknowledged abilities and activityl4
conspire to promise a work of unusual, interest, and of high value a
authority.

A COUNTRYMAN IN LONDON.—Yesterday the
police received information that on Friday morning last, Mr. Ch3rriej
Batten, a paper_maker, residing at South Morton, Bucks, was plundessd
at the Lord Ligonier's Head, Greenwich, of a 20/. Bank Note -
Fifty Sovereigns, by two sharpers denominated " magsmen," o"elsi
whom, under pretence of placing the money for security's sake in
its
(Mr. Batten's) fob, substituted for the same a few halfpence, and,
his confederate, got clear off before the trick was discovered.
AN OVER-DRIVEN BULLOCK.—Yesterday /after,
toen an infuriated bullock, pursued by a number of men and bt°o:o
caused considerable alarm in the New-road, and being goaded with
the
and pelted with stones, it ran violently towards some persons en cos
footpath, one of whom, a youth named Powell, residing with his part
in Southampton street, Pentonville, was knocked down and seysoil
injured by the animal, which was at length stopped without taus
further mischief.
1114
DARING ROBBERY.—Last evening two )0 r, pe
thieves succeeded in "starring" the window of Mr. Riley, iev",/ser
High-street, St. Marylebone, whence they stole several gold and o'o
articles, with which they made off, but having been narrowly ehse uO,
st,
by the police officer on duty at the time, they were pursued and tntse
Into custody. A similar robbery was effected the same evenint iti
neighbourhood.
There has not been a single delinquent for trig
op,
from Barnsley at this or the three preceding assizes, although me'
pulation exceeds 15,000 persons.—Skifleld Iris.
The University of Durham has presented Words;
0
worth, the poet, with the honorary degree of D.C.L. ; this is thn,
instance, and an illustrious one, in which that University has pal
milar compliment.
About half-past ten o'clock on Sunday night, a does;
perate attempt at suicide was committed in Hyde-park by a lady °of,
Reniffe, the wife of a gentleman residing in Mount-street, Grosvere
square, who threw herself into the Serpentine, from which she wss
044 i
cued by two persons who were passing. She was immediately eenv
rC
to the receiving-house of the Royal Humane Society, and after hero%
covery was taken home in a coach. The cause for her attempting s
destruction did not transpire.
reel ,
An inquest was held yesterday, in Tooley-st
on the body of Mr. Samuel Higden, of Magdalen-street, boot-maker, off'
committed suicide by hanging himself. The death of his wife °twice
posed to have induced him to commit the rash act, which he had
before attempted. Verdict—" Temporary mental derangement." A'
An inquest was held yesterday in Duke-street, 1"100
chester.square, on the body of John Ray, late footmen to the H°"'oell,
Hicks, of Somerset-street. From the evidence it appeared that deeevol
in jumping up behind his mistress's carriage, fell backwards and his ordo
coming in contact with the curb_stone,a concussion of the brain thil°
which terminated fatally. Verdict--" Accidental death."
On Thursday last a female of respectable aPP i"
id,
ance, having a beautiful female child, about ten or eleven months
scri
her arms, took a ready-furnished room, at No. 24, Queen.street, '"'"dot
Dials. On the following day none of the inmates saw the female' the
the attention of one of the lodgers was drawn to the room by hearing toe
infant cry. On forcing open the door, the child was discovered
ll.ithe bed, and on the table was a note, in which the mother stated herd
"d
ability to support her infant, and that she had adopted that
rent,,
- 11
tbe
providing for its wants. The infant was subsequently removed
workhouse.
About ten o'clock yesterday morning a fatal a mrd
dent occurred at Isleworth to a little boy about four years of age, 'lvo!'
Peter Wright, the son of an inhabitant of that village, who, whiie,to°
ling down a lane at the back of Messrs. Farnell's brewhouse, feit444
small stream about six feet deep, from which full twenty minutes e,l'",
before he could be extricated, when life was found to be quite esstinso,
On Sunday morning, as John Figgie, Esq., (4,1:06
5, Hunter-street, Brunswick-square, was walking along Compten:',
he was observed to stagger and fall to the ground. Assistance toll,'
mediately at hand, and he was raised, but appeared dead. Mr.
toss,
surgeon, of Judd-strcet, was sent for, but he could render no assists
as life was extinct.
Two thousand gallons per acre is considered a goo°
crop in the most favoured of the wine districts. t
At a meeting held at Cavan on Tuesday 13sn'oe'
was resolved to offer a reward of 1,0001. for the discovery and °oo'
tion of the persons who fired at the Rev. Marcus Beresford on su
the 22d instant, on his way to perfortn divine service. b
e
STATE OF TRADE.—Trade continues in °dof,
the same state as it has been the last few weeks. The demand issse!
but not sufficient to enable the manufacturers to obtain those adv-cscri
which the prise of wool might warrant. There is, liowesyr 0';
reason to expect that such advanced prices will soon be obtainn'i *T't (""
do for the next few months, there wig be no want of-seinplora'"
the workmen.—Leicestershise Mercury.

PATENT LEVER WATCH Est
Four and a Half Guineas each. trot'
A variety of Second-liand-Vatches, on this celebrated conso,oei
tion, with going fuzee, Lecontinue going while winding up, :lei so
in four holes, hand to mark the seconds, hard enamel d'a
oar'
other modern improvements' are offered at the above pric,cs'rocli‘
ranted, at COX SAVORY'S, Jeweller, Silversmith and ' ec.b.
,
maker, 47, Cornhill, London (Seven Doors from Graccc"
street).

R I I? Tli ortj*
S.- - C
On t h , 22d inst., at Harting, Sussex, the wife of Wm• -
Esq., of a son.
On the 23d inst., at Sebbon's•buildingc Mrs. W. Styan, Of slssl;
On the 24th inst., at Welcombe House, Warwickshire, the
of C. T. Wards, Esq., of a daughter. of,
On the 25th inst., at Trig-lane, Upper Thames-street, 110'
G. llorder, of a son.
siluare'
On the 27th inst., Mrs. Geo. Allen Aylwin, of Finsbury--
of a son.
oceliti
On the 28th inst., Mrs. F. Horneman, of Newingtor"ce
Kenning-ion-road, of a son.
On the 25th inst., at Brighten, Lady Rivers, of a, soll:___--
. ---
MARRIED. --
tell 0t
0
On the 19th init., at St. John's Church, Margate, Lie"
i-botlii
lenry Harvey, R.N., second son of Vice-Admiral Sir
~„,01-
larvey, K.C. 8., to Jane, daughter of Dr. Dennison, for"'
il ed ,
.ondon.

On the 26th inst., at. Christ Church, Surrey, Mr. WP,''te'lo
ford, of Horsham, to Mary Rosina, only daughter of the 'a
F. G. Wolf. of Tonbridge House, Horaham Sussex. fs(P;
On the 26th inst., at Staveley, Derbvshire John Hcaele)tj;e
of Partncy, Lincolnshire, to Ann, yotingest, daughter o'c
Mr. Sympson, of Lincoln.

DIED.
O❑ the 23d instant, at Isleworth, Sarah, widow of
Francis Brooks, aged 84.
„nt. of,
On the 24th inst., at St. Germain-en-Laye, Harry 3V--p'Ar„-of
On the 18th inst., at Necarn Castle, Maria wife of N• coo'
F
,sq., eldest son of G. D'Are ECastle Irvine, ,
y Es ,of
Ales
rmanagh, Ireland.
a 20,
On the 2lst inst. at Campbeltown, North Britain, age— 'B, • a
andcr, only son of Colonel A. Anderson, C. 8., K.T.5.7 f„:urelico
On the 25th inst., at Highfield, near Manchester,
_e for
Brock Hollinshead, Esq., one of the Justices of the Peace
r,
Hundred of S'alford. Rev'
On the 27th inst., at Swinton-park, Manchester, the ~,
slefi
M'All, aged 46. of -
O❑ the 29th inst., Christian, wife of J. Pierce, DV,
street, Brompton, aged 56. the late
I. dot-

.1;°
~ondon : Printed and Published by NUR DO Y 0 VI, °colll-'
112, Strand, at The Sun Office, No. 112. Strand, in the
of Middlescx..—Tutisday, Jilly 31, 1838,

)111101'