The Sun.
London, England, 1840-07-10 00:00:00

UNION BANK OF LONDON.-At a
General Meeting of the Proprietors, held at the Court-
room of the Banking-house, 8, Moorgate-street, on Wednesday,
the Bth July, 1840; present,
Sir PETER LAURIE, Governor, in the Chair;
ANDREW SPOTTISWOODE, Esq., Deputy-Governor
and 127 Proprietors.
The following Report, having been read by the Secretary,
the Governor declared a dividend of 5 per cent. on the paid-up
capital which will be payable on and after the 20th July :
" The Directors have much pleasure in meeting the Pro-
prietors for the first time to lay before them the statement of
the affairs of the Bank appended to this Report, which they
confidently anticipate will prove satisfactory to the Proprietary
at large.
"It would not no be of any practical utility to give a de-
tailed history of the formation of the Bank, the Directors will
therefore content themselves by stating its present position.
The number of Shares issued at 30th of June, 1840, is 42,005,
held by 739 proprietors, representing a subscribed capital of
2,100,2501., on which the first call of Si. has been paid by all
the Shareholders ; making the paid-up capital of the Company
210,0251.
" A List of the Proprietors has been printed and circulated,
and the Directors refer to it with pride and satisfaction, as
showing the firm basis upon which the credit of this establish-
ment has been reared.
" It is gratifying to the Directors to be enabled to declare a
dividend of five per cent. on the paid-up capital, out of the net
profits of the business to the 30th of June, after making a full
allowance for bad and doubtful debts, liquidating a portion of
the preliminary expenses (which, in justice to the present Pro-
prietors, must be provided for gradually), and setting apart the
sum of 2,000/., being nearly one per cent. on the paid-up ca.
Pital, as the foundation of a surplus or guarantee fund, the
establishment of which, to an adequate amount, invested and
accumulating separately in Government Securities, in the names
of the Trustees, the Directors consider to be a matter of great
importance to the future interests of the Bank.
The attention of the Proprietors is particularly directed to
that part of the balance sheet, showing the amount of interest
Paid on current and deposit accounts to be 7,3731. 12s. Bd., by
• which it will be seen that, in addition to the greater security
afforded by the sound principle of joint-stock banking, the cus-
tomers obtain so manifest an advantage by a return of interest
on their general balances, which would otherwise have been
wholly unproductive.
" The extreme pressure on the Money Market at the close
0 last year, reudered the greatest circumspection indispensable
in the management of the Bank. The Directors, notwitstend-
ing, refer to the account appended to this Report, to show vas
Proprietors that in preferring a safe and cautious course to the
precarious profit which might have attended a less prudent line
of conduct, they have been actuated by a strict regard to the
eltimate interests of the Company.
" The Directors, for the convenience of business, have opened
an account with the Bank of England ; and it is due to the
Directors of that great establishment, to state that this accom-
modation was granted in the most prompt and obliging manner.
The Directors have also the satisfaction of stating that the
most friendly feelings exist between this and the other Joint
Stock Banks established in the metropolis.
" Nothing has as yet been done by the legislature with refe-
ranee to the unjul prohibition which prevents Joint Stock
Banks in London from accepting bills at less than six months'
date; but from the principle of removing a similar limitation,
as respects Ireland, having been admitted in the bill brought in
, by the Government last session, and the growing opinion in
the public mind that this and other restrictions upon Joint
Stock Banks are injurious to the public hate. eats, the Directors
are justified in entertaining the most confident expectation,
that when the interesting inquiry now going on before a select
committee of the House of Commons on the subject of banking
.shall be completed, the whole matter will be placed on a sound
and reasonable footing.
"A Branch Bank at the west end of the town was opened at
• temporary offices in Argyll-place, Regent-street, and the Di-
rectors. considering the situation to Le very eligible, have pur-
chased the valuable freehold of the premises, and et ected thereon
a commodious banking-house, which will be shortly completed.
The success of this establishment has fully realised the expecta-
tions of the Directors.
" The Directors refer with the greatest pleasure to the ap-
-Pointwent of Mr. W. W. Scrimgeour as the General Manager ;
and it is but' justice' to that gentleman to say, that his un-
wearied zeal and assiduity, his peculiar and extensive knowledge
of credit and banking iu general, much of the success of this
Company is is be attributed. They have also great satisfaction
in exl.ressiug their entire approbation of the conduct of Mr.
clack, the Manager of the Regent.street Branch.
`ln conclusion, the Directors would urge upon the Proprietors
o consider how much of the success of the Company depends
en their active co-operation, not merely by keeping their own
accounts with the Bank (which is almost too obvious a duty to
require remark) but by extending the connexions of the esta-
blishment by every means in their power. It must be evi-
dent, that with so large and influential a body of proprietors,
the elements of prosperity are within their own control. The
value of their shares depends mainly on themselves, and the Di-
rectors look: with confidence to increased exertions and assist-
ance from the Proprietors for the promotion of their mutual
iaterett.
THE UNION BANK OF LONDON, 30th June, 1840.
Dr. LIABILITIES. ASSETS. Cr.
Paid-up Capital, Cash in the
51. per Share Bank, in the
on 42,005 Bank of Eng-
. Shares ...... £210,025 0 01 land, Loans,
Ihe by the Bank Exchequer
on current ac- Bills andifills
counts, de- disco'unted £579,919 1 8
posit receipts 'Bank Premises
(including in- 1 and Prelimi-
terest are' ; nary Expenses 24,379 15 3
''rued), and
for bills at 6
months' date 377,755 2 5 ,

537,760 2 5
Surplus Profit 16,518 14 6
---- I -----
£604,298 16 11 £604,293 16 11
APPROPRIATION OF THE SURPLUS.
Dividend on paid-up Profit, as above,
Capital, i per cent after deducting
on 210,02.5/ £10,501 5 0 all expenses paid
Set apart as a re- or due, and in-
served or guaran- terest (7,373/.
tee Fund . 2,000 0 0 12s. 8d) allowed •
'Undivided Profit— to customers on
carried to Profit their deposits
and Loss Account and current ac-
tor rebate of in- counts £16,518 14 6
terest on bills nut
yetdue, bad debts,
and proportion of
preliminary ex-
?oases 4,017 9 6

£16,518 14 6 £16,51s 14 6
It was moved by D. A. MAITLAND, Esq., seconded by A.
ROBERTSON, Esq., and resolved unanimously,.
That the Report be received, approved of, and printed for
Veulation amongst the Prof rietors.
',mod by H. HYAMS, Esq , seconded by R. Lacs, Esq.. and
resolved unanimously,
That the best thanks of the Proprietors be given to the Di-
ilieeters, for the very able manner in which they have con-
ducted the affairs of the Company, and for their great atten-
.ftM to the interests of the shareholders.
Moved by WILLIAM JAMES MAXWELL, Esq. ; seconded by
Tuos. CLARICE, Esq., and carried unanimously :
That the thanks of the Proprietors be given to Mr. W. W.
lberimgeour, the General Manager, for the zeal and talent
tineed 'by him in the superintendence of the business.
alove4 by Wu. PRETTY, Esq , seconded by R. 0. ALAND,
Esq., and carried unanimously,
That the best thanks of the Proprietors be given to Mr.
Clark for the attention and courtesy shown by him as Manager
of the Westend Branch.
P. LAURIE, Chairman.
liaselved unanimously—That the thanks of the meeting be
en to Sir P. Laurie for his able and courteous conduct in
Chair.

THE ECCENTRIC SNUFF-
TAKER.
Should trade be dull and times ge rough,
Oh, give me then a pinch of snuff
Give me my box a pinch to take,
E'en when I'm pleas'd for pleasure's sake.
When fortune's frowns disturb my mind,
And friends appear to grow unkind;
Relief I seek witniu my box,
My system is quite orthodox.
When a true friend perchance I meet,
I cheerfully his person greet,
A hearty " How do sell do 7" takes place,
When, to !my snuff-hex shows its face.
My pulveriforous box supplies
A recipe for weakly eyes;
That man must be a silly goose
Who thoughtlessly condemns its use.
If my proboscis could but speak,
'Twould often say—the dose reprat;
Each grateful sneeze and tittilation
Excites a frequent iteration.
Then here's my glass in which I toast,
Success to that which 1 lore most;
•
Reader, I pray don't think me bluff—
Mark well the hint!—'tis (saimsTose's gnu
W H. H. E., Coopers' Arms, Bristol.
To Mr. W. Grimstone, 39, Broad-street, Bloomsbury.
April 27, Ig4o.
FEW CASES OF SIGHT RESTORED BY CRIMSTONE'S SNUFF.
J. B. Lachfield, Esq., cured of opthalmia, Whitehall and Thatched
House Tavern. (Read his letter attested by G J. Guthrie, Esq.,
.R. S., &c.) G W. M. Reynolds, Esq., No. its, Upper Stamford-
street, London, cured of excruciating pains in the head, by using
this snuff. George Smith, Esq., '
No. 6, York-place, Kentish-town •
weakness and dimnesi of sight cured by its use —Feb. 10, 1840
Mrs. Elizabeth Robson, aged 66, 19, llell-street, Edgware-road,
cured of opthalmia and deafness:-23d March, 1840. Mrs. Ann
Cole, aged 69, sight restored, head-ache and deafness cured, No. 7,
Skinner's Alms-houses, Mile.end.—Jan 9, ;810.
'1 his celebrated Eye Snuff is manufactured from highly aromatic
herbs. 'the above is only a p trt of the many thousand Cures
effected by the use of this delightful restorative. It is sold in
canisters, at Is. 3d., 2s. 4d., 4s. 4d., 85 , and 15s. 6d. each. None is
genuine that has not the signature of W. Grimstone, and the
Oacen's Arms, with the Patronage of his late Majesty, her Royal
rlighness the Duchess of Kent, and authorised by the Lords of the
Treasury.
"Loyal je serai &triad ma vie."

A. SPOTTISWOODE, Deputy-Governor.
Extracted from the minutes.

WALTER LAURIE, Secretary.

7‘i fi., ING WILLIAM-STREET, RANK OF ENGLAND,
AND' 39, ALLiENIARLE-STREET, PICCADILLY.
SIGHT' AND HEARING.-TESTIMO-
NIALS on the Messrs. S. and R. SOLOMONS newly
tilbv_e_iite,l SPECTACLE LENSES and INVISIBLE OPERATIVE
'IIIIE CONDUCTOR for Deaf Persons.
14_ We, the undersigned, have keen for some time malting use of
t
"cre. Solomons' newly invented Spectacle Lenses; the astonishing
eticleftheY afford to imperfect vision gives them the decided prefer-
brier to every other kind of Lens—the clearness ot the transearency
eti."4l_4every object vensidistinct, and enables individuals to view the
pheee!Mete particle wi h perfect accuracy. They are particularly
soiint
.11 candle light, as they appear cooling to the sight, and
jtorigut and brilliant lights :
ei•
ees Blundell, Esq., 31 D , I, Great George street, Wetminster.
-7,7tge G. Sigmond, Esq 31. D 24, Dover-street.
el, Pettigrew. Esq., M.D. i.R.S., Savills.row.
"O Itamtbot ham, Esq., M.D.,1 Broad-street-buildings.
Anthony,_ White, Esq., Surgeon, 3, Parliament-street.
Alexander Farquhar, Esq., Surgeon, 7e, Cadoean-nlace, Belgrave-
e„equare.
;•Colburn, Esq.. 31. D., 26, Harleyford.place, Kennington.
jAWm. Hyde Pearson, F.R S., Hanovcr-square.
)4,r 4 Hooper, Esq., Surgeon, e 9, Newington-placc, Kennington
red_erick Leighton, Esq., M.D., 7, Upper Gower-street.
t• Noble Elwyn, Esq., Surgeon Surge lbemarle-street.
Qese_r_s. Griffiths and Duncan, ns, 3, Leadenhall-street.
F. ~l)ay, Esq.. Surgeon, Isleworth.
R•
1-43thly, Esq. Surgeon, 33, New Broad-street.
7: ti. Lucas, Esq., M.D., Exeter.
...Taylor (3 entree, Esq., M.D.
;714. Bowie, Esq., 111,D , Bennett-street, Rath.
✓neYwoed, Esq., M.D., Blandfcrd.
i:,entY Lawrence, Esq., M. D., Tea)
grilliarn Jeafreson, Esq., Surgeon-oculist, ir, South Audley-street, I ,_
et 13.1tobinson, Esq., 31. D., Cheltenham. ATEMAN'S CONCENTRATED PR E-
.btrillito, Esq., M.D., Brighton.
NH. Allnatt, Esi , MM., Wallingford. B PARATION OF RIO NEGRO SARSAPA-
It. Griffiths, Esq., Surgeon, Hammersmith. RILLA is or.e of the most powerful medicinal agents far renovating
4• M.Cann, Esq., Surgeon, 50, Parliament-street. the Constitution which has ever been introduced to the Public.
aine! Boner, Esq., Surgeon, '26, Berkeley•square. It sweetens the blood, corrects a had habit of bedv, removes pimples
and blotches, and is an infallible remedy for. Scrofula, Scurvy,
..e.Jones, Esq., Surgeon, 15, Lewer:Broo's-street, Grosvenor-square.
W English, Esq., Surgeon, Denmark- hill. Erysipelas, Secondary Symptoms, and all those diserders originating
in impurities of the blood, whether hereditary or otherwise, and
2• Barklemore, Esq.. Surgeon, ! 0, Charlotte-street, Bloomsbury.
particularly those arising from the long. continued use of mercury.
re _ Pollock, Lsq., Surgeon, Kensington.
fe- Stoddart, Esq., Surgeon, 32 Golden-square. This PreparaVon, which is the result of many ye !es' laborious
de: H. Walker, Esq., Surgeon, "t, Char:ate-street, Bloomsbury. , research and experiment, is thus noticed by Dr. HANCOCK, in
be-. /I....t.ghanti , Esq., Surgeon, 4e, Divie,estrect, Berkeley-square. ! his Pfs,ilosophical Papers, read before the " Medieo-Botanical So-
e eisgham, Esq., Surgeon, 279, Regent-street. I ciety :
wadi Eason, Es., Surgeon, Nuneaton, Warwickshire. " It is a fact yet unheeded or unknown in F.urope, that this species
up
Placing Use stun,' List of Testimoniats Lefore the Public, the cf Seise, the Rio Negro, does reenife.strnaopectiliar power in healing
e:eresSolornons, Opticiane and Asirists, state that their INVI SI II LE ulcers in all ;eras of tier body, and re:a._ tg aitmultitudr of chrenicei
ER ATIVE VOWE CON IJUCI 01, by which thousands of Deat effections. It is scarcely less remarkable
thereforefo s power in improving
pieeers°oe have been greatly benefited, is not larger than a serer-shilling the candition and habit of body, and
tc.e, and wliem fixed into the cavity of the ear is sott and easy, mad reaeon esteemed a great restorative ; but the neetr_oesv eriews of the
1* more uacomtortable nor perceptible (hail hating a piece of wool Faculty have tended to restrict its use tolt"Peinielirail I:ct"'"' "d
its place. By its use the faintest whisper at a public assembly is there appears to be no comprehension of
.. s g _ . Iy in acs
• with distinctness. • ing the condition of the blood and amending the balsa of body, as it
~..nese important new inventions are patronised by their Majesties sloes roost manifestly in scrofulous, consumptive, and dropsical habits,
t ..,C 1u g and Queen of Hanover, and their It
Highnesses the and cachexics—foul or perverted states of the humours, etc."
Sold Wholesale and Retail in Bottles at 7s. and 21s._. each, by
eficeeses Augmt.l and Sophia, her Serene Higlinees tho Princess •
erhaee, the Peiriceeees Mary end Rosa, her Gra,e the Duette, LI AM BATEMAN, at the Warehouse, No. 13;:is il,:t,ttoll Garden,
-"wager of Bedford, aced their Graces the Archhishop of Canterbury, Loo don ; and by Medicine Venders in the principal I,oDwencsoicrtlioEnngo-f
and the Dukes •3t Devonshire pre l Messeheeter, &c. &c. land.
'Ps Albemarle-street, and 7e, King Wil:iem-strcet, City. A table-spoonful diluted in a glass of water forms
o consequeeee of the gross enpositien in see feeentry it is flues- Sarsaparilla."
141' to state that rs,, T.T:ivvilerg are enlyl,i,d by it.,- ;;;I,lyr Estate. Orders per post for any quantity sent free of charge tc any part of
lish
auent No connectiore sit) perioni of the same name. the Kingdom