The Sun.
London, England, 1848-01-27 00:00:00

MESSRS. H. J. and D. NICOLL, of 114 and
120, Regent-street, also of 22, Cornhill, and Change-alley,

London. _
Whereas, an unfounded and malicious report respecting the sol-
vency of the above-named parties has recently been circulated, legal
proceedings have been by us commenced against severe' persons for
publishing such report.
ro this and the following letters Messrs. Nicoll have been advised
to give publicity.
CARLON and HA.YN. ES, Solicitors for Messrs. Nicoll,
Palace Chambers, St. James's-street.
Jan. 26, 1843.

114, Regent-street, Jan. 25, 1848.
TO H. r. CLACK, Esq., UNION BANK OF LONDON.
DEAR Slit,
IT Having been most industriously circulated
that our House is at present, and has for some time past, been
involved involved in considerable pecuniary difficulties, and as m
account we have for several years past kept with the Bank under
your management, you, undoubtedly, must be in a position to
judge of the truth or untruth of the report; we have to request
that you will, unhesitatingly, give every Person, who may apply to
you, your unbiassed opinion as to our creditruly and solvency.
We are, dear Sir, yours very. t,
H. J. and D. NICOLL.

Union Bank of London,
It egeßt-street Branch,
Argyll-place, Jan. 26, 1848.

MY DEAR SIRS,
I AM favoured with your letter of yesterday, and
have learnt with equal surprise and indignation that a report,
as absurd as it is false and seascialous, has been circulated prejudicial
to your respectability and credit.
It is but too palpable that such a report can only have originated
in malice, as the uniform and invariable regularity and integrity of
your dealings leaves not the remotest shadow of an excuse for its
circulation. Having had the pleasure of conductiw your banking
account during the many years since it was first opened with
this establisnment, I have had the most ample opportunity of
judging of your resources and mode of business, and at all
times, whenever I have had occasion to mention your
name, I have been proud to express my unqualified confidence in
your credit and respectability-, and my high esteem for yourselves,
and to speak of your account as one among the very best of the
many excellent ones confided to my care, I shall be most happy to
give all the aid in my power in contradicting the report, but I ven-
ture to hope that your high and well-earned reputation will in itself
be sufficient to ensure its being treated with the contempt it merits.
I entreat you will, whenever you may find it necessary, refer to
me, as it will afford me great pleasure to repeat, in the strongest
possible terms, my highest and unqualified opinion of your credit and
respectability.

I remain, my dear Sir,
Yours very faithfully,
HENRY T. CLACK, Meitner.
Messrs. H. J. and D. Nicoll, 114, Regent-street.

London, 120, Regent-street, Jan. 25, IB4S.
Copy of Circular sent to Mr. George Macdona, Dublin; Messrs.
Dawbarn and Co., Liverpool ; Messrs. Wareing and Son, Birming-
ham ; Messrs. Christie and Son, Edinburgh ; and other agents in the
United Kingdom ; also to Messrs. Wilson and Co., Calcutta ;
Messrs. C. Roth and Co., Philadelphia ; Mr. Robert Bruce. Cape
Town . Messrs. Rutherford, Hong-Kong ; and all our correspondents
abroad.

TO MESSRS.

GENTLEMEN,
015 It names having appeared in connexion with
many wealthy and respectable houses in the City, whose
characters have been unjustly assailed by rumours emanating from
malicious persons, we think it right to give our most Ennqualifled
contradiction to such rumours, and we pledge ourselves we are
et fectly ready to pay all claims which can be made upou us. We
have the pleasure of stating tbat all your favours up to the present
date have had our best attention, and have without delay been dilly
completed, and dispatched according to your instructions, and that
in future we shall have additional opportunities .for carrying out
your wishes, our rapidly increasing business having induced us to
take, solely far the accommodation of out Wholesale and Colonial
trade, the extensive premises tie. 120, Regent-street, which adjoins
those occupied by us at present, and to the new address we beg that
you will kindly forward all future communications.

We are, Gentlemen, yours most obediently,
11. J. and 1). NICOLL

Copy of circular addressed by H. J. and D. Nicoll to their patrons
at both the retail establishments, 114, Regent-street, and 22, Corn•
hill

London, 114, Regent-street,
January 25, 1843.
We respectfully beg to state that the report with regard to our '
having stopped payment is so far from having any foundation, that
we are happy to say we have been for years past in a position to pay
all our liabilities, even if they had been tenfold, and that at the
present moment we do not owe one shilling in the word, as we have
immediate cash payments from al our customers, and can thus well
afford to do the same in our dealings with others. It would appear
that the success of our system of business has excited very consider-
able jealousy with many persons engaged in a similar trade. By this
system we have certainly been enabled to avoid charging the
high prices necessarily charged by those who incur the
risk of giving two, three, five, and even ten years' credit;
yet, from the fair and open manner in which we
conduct our business, we feel assured we do not deserve the ran-
corous feeling that has been exhibited towards us by certain mem-
bers of the trade, and which has been shown, in a marked degree,
by the apparent avidity with which the false report above alluded
to has been circulated, regardless of the consequences that must
inevitably have ensued had we been conducting a trade upon the
credit system, with capital locked up beyond the possibility of im-
mediate realization ; but, fortunately, our trade is secured upon the
firm basis of a ready-money business, supported by good capital
at command. The disseminators of the report were, no
doubt, assisted by many persons of that morbid na-
ture who, delighting in the gossip of their class,
are, perhaps, careless, whilst giving circulation to matters
of injurious tendency ; but it is to be hopea that the
possibility of throwing out of work, from 400 to 500
operatives did not suggest itself to them, which would
have been the case in our instance, that number having been em-
ployed by us, at considerable outlay of capital, during the present
slack months, preparing for the approaching spring,
But in stating this we do not wish to be understood as intending
to ascribe the least merit to ourselves, as the extent of our trade
during the forthcoming season compels us to act thus.
In conclusion, we further respectfully beg to state that the injus-
tice attempted thus to be done will but induce renewed efforts to
secure your continued support, and in the firm belief that this appeal
will not be made in vain,
We remain, your most obedient servants,
H. J. and D. 'NICOLL.