The Sun.
London, England, 1856-07-10 00:00:00

THE ALLIANCE BANK.

A meeting of the proprietors of the Alliance Bank
was held yesterday at the London Tavern. ' Mr. Stokes
(the gerant) said that 'the company being. a French one,
the usual meetings of the shareholders were held it
Paris ; but it was felt by the English members of the
direction that the English shareholders should be made
aware of the position and prospects of the undertaking,
and that they should be consulted• as to the course it
would be wise to pursue. This had been made more
particularly apparent by a meeting of a particular class
of shareholders, held a short time since, from which
others of the shareholders were excluded. It was well
known thet the bank had been established for the pur-
pose of t',king advantage of the favourable opportunities
for the employment of capital arising from the growing
ommercial intercouse between London and Paris, and
the progress of civilisation in Turkey.' Had the com-
pany been formed as an English one, it would have been
necessary to have had shares of 1001. each, with 501.
paid up, with a liability of a cat for the remaining 50/. ;
whereas, by making it a Fr.-rich company they were
able to make the shares of 201. each, with-nt any lia
bility when the whole of that amount should be called
up. The company's operations bad bithert ) been prin-
cipally confined between Paris and London, for they
bad only very lately c•xmtnenced doing busieess at Con-
stantinople, and bad not results on that subject to pre-
sent to the shareholders. The most simple oparations
of business between Paris and London had ben in the
exchanges, which afforded a profit of something like
201. 16s. per cent. interest, without any rile whatever..
They had also oairied business on at Paris in an ordinary
way of banking, and instead of paying the usual com-
mission had effected operations at a reduced rate. They
had alai).- realised more than I,ooor in aiding new
companies in France to bring their • objects before the
public of this country. The accounts of the bank to
the 30th June would, of course, be laid before the
general meeting of the shareholders, but the general
result might be stated as follows, viz. :—The gross
expensesproceeds we're 8,6061.18.,.
311.0, leaving .s d . ,anda the working
of
7,8151. 12s. The preliminary expenses, the payment of
which would be extended over three or four years. were
1,1891. is. 61, so that the net profit was 6,6261. 10s.
3
6d. This would allow the payment of a dividend of 108.
per share on 10,000 shares, and leave 1,6261. 104. 6d.
for a reserve fund ; but the directors and the share-
holders with whom they had consulted were of opioio:
that at the present moment, when there were calls to
the extent of 12,0001. in arrear—and that in a new con-
cern of three or four 'months only—it would be unwise
to declare a divid, ad ; that it would be taking money
out of a concern, when, to make it as profitable as its
p'an of operation was well calculated to make it, more
capital should be embarked. The directors were desir-
ous of an expression of feeling on the part of the meet-
ing•as to the advisability of forfeiting the shares which
had not been paid up, and they also wished the share-
holders to nominate from among themselves gentlemen
who might be deemed eligible to fill the vacant seats at
the b In answer to questions from shareholdeis,
it was stated tl4t 4,c00 shares had been taken in Francs.
The number of shares was 10,000, of which 1,950 were
held by the directors and as large number by their im-
mediate friends. About-88,0001. has been paid up. It
was further stated hy.Mr. Stokes that he has the certis,
fixate, in the Emperor's own writing, that the position'
of the company is regular as to limitation of liability,
and that they have power to carry on every operation
as (what is called in Pari-) a " credit company." It was
una, imously resolved that the shareholders present,
notwithstanding the 'gratification they felt at the profit
realised •
shown-by e nb
during
the
figuresingthef submitted,
alls of
the
werebank'sof
opinion operations,that
it would be inexpedient to declare a dividend at present,
and therefore recommended to the council an adjourn•
ment of the dividend until the end of the year. A reso-
lution was passed, expressingtlie opinion of the share-
' holders that the shares on which the calls are not paid
by the Ist of August next ought to be forfeited. Mr.
C. Turner and Mr. Rotherham, of Liverpool, were una-
nimously solicited to become candidates for the direc-
tion.

THE SARDINIAN ARMY.—The following details of the
losses of the Piedmontese army in the Crimea are official.
The Piedmontese army in the East was augmented by
successive reinforcements to 17,584 men. Up to the
31st of October, 1855, it lost 1,632 men, of whom 1,211
died of cholera, 170 typhus fever, and 251 from wounds
and other causes. Of this number 56 were officers, 13
employ in the commissariat, and 1,563 rank and file.
The official returns from the 31st of October to the time
of the evacuation are not yet completely made up, but
the loss may be estimated at 900 ; so that the total loss
of the Piedmontese army engage in the war will be
about 2,532 men.—Express.
SCIENCE GLORIOUSLY APPLIED.—SUFFERING CHANGED
TO JOY.—Tbe great Majendie admits in one of his lec-
tures that the faculty have as yet done little to check
disease. He says that with all their knowledge they
are groping in the dark. Why is this ? Simply be-
cause they have not discOvered a key to the causes of
the maladies they seek to cure. Herein, it would seem,
Professor Holloway has surpassed them all: Instead of
trusting to a hap-hazard exhibition of stereotyped pre-
parations, he sought in the disordered human organisa-
tion the secret source of its condition. He found in it'
that ruddy fluid which is the element of every organ,
and he knew that if the poison in that element were dis
charged or neutralised, the body which it fed, renewed
and sustained, would be restored to health. He suc-
ceeded in discavering and combining vegetable antidotes
which were equal to the task. This was the origin,
twenty years ago, of his famous Pills and Ointment.
Now the world rings with their fame. Disease is met
and vanquished, whether developed internal'y or on the
surface. His medicines break up the magazine of
poison in the system, and, like the , heads of the Hydra
when cut from the. pestiferous be ly, the disorders die
for want of sustenance. This we understand to be the
philosophy of the operation of Holloway's Pills and
Ointment. What are honours, emolument, applause,
to the man who has wrung trunk animated nature the
secret of the origin .of disease, and from the vegetable
kingdom the means of arresting all diseases at the foun-
tain head I

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