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

PUBLICATIONS

, PA MRS. TROLLOPS ;S NEW N.OYET,,
F ASHIO Nand B
01CDON ALE LIFE;
or,PARIS ,
Is now ready at all the libraries. in 3 vols.
"The book has among its merits the Invaluable one of being
thoroughly readable."—Examiner.
Mast and Blackett, rublishers, successors to Henry Colburn.,

This day 13 published., to crown flit, price 5s ,
ADVANC_ED TEXT-1300X of GEOLOGY,
iNousnum-, and I),.SCRIPTIVE.
By DAVI!) PAGE,
Author of "Introductory Text-Book of Geology."
With Engravings and a Glo:sary Mr
William Blackwood and eons, EdinbUrgli and London.

On the 4th Of October, No. 1., price 2d.,
rrIIE NATIONAL MAGAZINE.
i Edited by a0II:i SAUNDERS and WISSTLAND MARSTON,
cONTEuts,
Mired Tennyson. Portrait and Nilo%
Blatrltz.
The Salutation, EngraVillg from. Si
Wellington's Mottutnent in St. rani's.r C. Eastlake, P.R.A.
The Stereoscope, By Sir D. Brewster, K.TT., F.R.S. No. I.
'Uncle Ge:11.7,,e. A Tale. By dpi kie Collins.
The Maine. By a Lady. Illustrated.
Sold by all booksellers, or No. I. will be sent, past free, from the
'Ace, on receipt of two postage stamps. The work will also be sup-
plied regularly, in the same way for 3s. 3d. a Quarter in Numbers,
and for 3s. In Parts.
Londn.
National MaNzine Company (Limited), 25, Essex-street, Strand,

The Third Edition. Stied Fttk,tithed, price 55., by post, free, ss. Gd.
ON TRUE & riLLSE SPERMATORRMEA,
with the View of distinguishing the Imaginary from the
ERreralor:ufreters under this disease, and Correcting of wide-spread
iv. relation to their Treatment and Cure.
Tennslated from the German of Dr. PICKFORD.
" Dr. Ficktord is known to English renders by hts frequent practi-
eat e^ontributions to German medical literature. This is the first
Arno, he informs as, that he has addressed himself to the non-meth.
ca' .eader. We trust this may not bo the last, If he shall detect any
tiler equally flagrant evil which it may be in his power to cor-
rect."—London Medical Gazette. " The tribe of Quiet Sympathisers,'
and 'Medical. Friends,' are mercilessly exposed: and if this book
could find its way into the hands of those who gaffer from the eem-
Aaint of which It treats, we are satisfied that many hundreds would
be saved much needless suffering of body and mind, and what is of
:Z"3 Importance, though it is that which the quacks most prize—
much money,... „This volume is well qualified to put an end to the
empirical system of treating Spermatorrham, and to place the treat-
ment upon a more rational and pbytiologleal basis. It is, therefore
'ike y to do much good."—Medical Circular.
London: IL lialliere, 219. Regent-street.

AIR. HOWARD, Surgeon-Dentist, 52, Fleet.
ell.. street. has introduced an entirely new description of ARTI-
FICIAL TEETH Axed without springs, wires, or ligatures. They so
rerfectty resemble the natural teeth as not to be distinguished from
,he original by the closest observer; they will never change colour or
leeaY, and will be found very superior to any teeth ever before used.
This method does not require the extraction of roots, or any painful
operation, and will support and preserve teeth that are loose, and is
.uaranteed to restore articulation and mastication. Decayed teeth
rendered sound and useful in mastication.--52, Fleet-street. At
i:ome from ten till five.

ROYAL BRITISH BANK.

Last night a meeting of the depositors in the Royal
British Bank was held at St. Mare life Hall, for the pur-
pose of receiving the report of the committee appointed
on Friday, the sth Sept. ; Mr. J. Wyld in the chair.
The CHAIRMAN said that circumstances had arisen
since the last meeting which hal induced the committee
to think it desirable to call the depositors together to lay
before them a statement of their past transactions, and
to take their instructions as to their future conduct. He
would now read the report that had been drawn up by
the committee for the approval of the meeting. The
chairman then read the report, which was as follows :
" The committee appointed to watch over the interests
of the depositors of the Royal British Bank find it desir-
able that they should lay before the body of depositors
the present position of the depositors, and the necessity of
a strong and continued effort for the preservation and resti-
tution ot
etthrie
rti r
application property. Ah
at
dthbeeeln"Made upon
meeting
it was re-
ported the part of
some of the shareholders to Vico-Chancellor Kindersley for
an order to wind up the affairs of the Royal British Bank,
under the Joint-stock Companies Winding-up Act of 1818
and 1819. The application was made at Bury St. Edmunds
on the 24th of Sept., and an order was made by Vice-
Chancellor Kindersley for the winding-up on all four appli-
cations. Mr. Linde, a solicitor, attended on behalf of the
depositors, and requested that he might be allowed to re-
present them in the proceedings-and protect their interest's.
The directors of the bank opposed the order for winding
up, and wished the affairs of the bank to be wound up
under a committee of management. In consequence of the
order then obtained, Messrs. 'Chilton and Burton, of 7,
Chancery-lane, who- are the solicitors for Mr. Mee, and
Messrs. Amory, Travers, and Smith, of 25, Moorgate-street,
the solicitors for Lieut.-Gen. Aitchison and others, pro-
posed Mr. Harding, of Lothbury, as the official manager ;
and the judge has nominated Mr. Harding the interim
manager; and advertisements are issued for the appoint-
ment of the official manager at the chambers of the judge,
3, Stone-buildings, Lincoln's-inn, on Monday next, Oct.
13 ; and the advertisement states that all parties interested
are entitled to attend and offer proposals and objections to
any such appointment. Since the last meeting of deposi-
tors, the chairman and Mr. Taylor, deputed by the com-
mittee, have waited upon Mr. Coleman, who had prepared
the statement of the accounts of the bank, and who, before
the appointment of the interim manager, kindly gave them
every information in his power, and he has stated that he
is assured of an available dividend to the depositors of 12s.
in a short period, and that he was prepared to carry out
an arrangement for a composition with the creditors, if
they approve of it. Mr. Coleman has promised to attend
this meeting and to state his views to the depositors.
And on the 2d of October the chairman received the fol-
lowing letter
" ' In the matter of the Joint-stock Companies Winding-up
Acts 1848 and 1849, and of the Royal British Bank.
"`4, Lothbury, London, Oct. 2, 1856.
" Sir,--I shall be glad to see you at your earliest con-
venience relative to the claims of the depositors of the
Royal British Bank.
" Will you favour me with an appointment?—l am,
sir, yours most obediently,
" R. P. HARDING, Interim Manager.
" 'James Wyld, Esq., Charing-cross.'
The chairman attended the next day, Oct. 3, and saw Mr.
Harding, who then stated that he had been appointed the
interim manager by Vice-Chancellor Kindersley, and that
he intended to conduct the affairs of the Royal British
Bank without reference to the interests of the solicitors;
and as an earnest of his intentions ho had issued forms
for the proof of the debt of the depositors, and that, ac-
cording to his powers under the act, be intended himself
to carry the proofs before the judge, and that he would
thereby save the estate the expenses of the attorneys'
charges, which he estimated would, under the former
practice of winding up joint-stock companies, have
amounted to 6,0001. or 7,0001.; that he found the claims
against the bank to be 6,000 in number; that he proposed
to commence taking the proofs of debt at the Strand branch
on Bth October next, and as he estimated that he could not
receive more than 300 claims on each day, it would bo the
end of this month before the proofs of the deposit credi-
tors' claims would be completed; that, during the same
time he should be preparing to carry before the Vice Chan-
cellor a list of the contributor; according to the Stamp
office list, but that with all despatch he could not declare
a dividend before the end of the year ; that, with the in-
formation at that time before him, he could not declare a
dividend of more than ss. in the pound at the end of the
year 1856 ; and that his impression was that the whole
affairs of the bank, under the ordinary course could not be
wound up under two years, but that he was prepared to ob-
tain advances on the securities of the bank, and that, if
the depositors would accept a composition of 15s. in
the pound, he would pay 'a dividend of ss. in the pound
in the month of December, 1336, and issue promissory
notes under the authority of the Court of Chancery for
the payment of ss. in the pound at the end of six mouths,
and ss. in the pound at the end of 12 months. Hitherto the
efforts of the committee have been to effect some arrange-
ment for the settlement of the affairs of the bank, and the
speedy repayment of the moneys of the depositors upon a
just and friendly basis, and without the intervention of
the Court of Chancery ; but the committee regret to say
that neither from the directors of the bank, nor from any
large body of shareholders, have they had any proposition,
and neither the directors nor the shareholders have made
the least advance for an amicable arrangement; and your
committee are fearful that, acting under the advice of soli-
citors who are looking to make large bills of costs out of the
estate, and desiring, if possible, to avail themselves of legs
technicalities to evade their liability to the depositors,
they are anxious to throw the winding up of the bank
into the Court of Chancery, and to obtain the nomination
of individuals to conduct the winding-up who may be
friendly to their interests, and who, by delving the divi-
sion of the assets and the speedy enforcement of contri-
butions from the shareholders, may protect the interests •f
the shareholders, to the sacrifice, if not the total destruc-

tion, of the rights of the deposit creditors. And your
committee would call attention to the fact that the bank
stopped payment on 3d Sept., and every act on the part of
the directors and shareholders has been that of delay, and
that, according to present appearances, no progress will be
made until after the appointment of the official manager,
on the 13th October—a period of five weeks since the
stoppage of the bank. That Mr. Coleman, who from his
high position 'would have had the confidence of the depo-
sitors, and who had made himself completely acquainted
with the state of the affairs of the Royal British Bank, is
not permitted to become the interim manager, but another
gentleman is appointed, and who up to Friday last had
not received from Mr. Coleman the detailed statement of
the bank affairs, but merely a balance-sheet of the ac-
counts ; whereas Mr. Coleman, who is perfectly acquainted
with the whole matter, could have entered upon the
winding-up immediately, and thereby saved at least a
fortnight's delay—a delay fatally ruinous to some of the
depositors. At the same time the committee cannot, in
justice to Mr. Harding, refrain from stating that they can
have no other objection to his appointment, excepting that
he is the nominee of the interested shareholders, and that
he must necessarily occupy some time in acquainting him-
self with the affairs of the bank. And your committee call
upon the depositors to assist them in their appeal to the
Vice-Chancellor that they shall be duly represented before
the judge, and that they should be fully entitled to, at least,
an equality of representation with the shareholders in all
matters relating to the Royal British Bank ; for they sub-
mit that the winding-up of an ordinary joint-stock-com-
pany differs in all its elements from the proposed winding-
up of the Royal British Bank, not only from the magni-
tude of the transactions to be dealt with, but also from the
different position of the deposit creditors of the bank to the
ordinary trading creditors of a jointstock company. In the
instance of an ordinary joint stock company the creditor
has not entrusted tho company with his whole capital, and
has only credited the company with a small amount com-
pared with his property; but as tho operation of the bank
was carried on in the districts of Lambeth, the Borough,
Islington, and Whitechapel, not before subject to banking
operations, the deposit creditors of the British Bank, in a
majority of instances, have entrusted the Royal Bank with
their whole capital, and
tion, they are of opinion a
that
he a
tretdhuecye
hteou
lrduibne afnudl
yd ersetpi true--
sented before the Vice-Chancellor, and before the official.
manager, that they may be enabled to influence the speedy
distribution of the assets, and the prompt enforcement of
the contributions required for the payment of the credi-
tots, because it cannot be doubted that unless the judge
will take more than an ordinary interest in the calamitous
failure, and that the official manager will use more than
the ordinary exertion in winding-up the estate, the trade
of large districts in the metropolis will be seriously da-
maged, a large amount of the working classes will be de-
prived of employment, and many industrious persons re-
duced to poverty and want. And the committee eel that
unfortunately the interests of the shareholders
aref adverse
to the interests of the depositors ; that the shareholders
may seek for delay by litigation and obstructions, whilst
the depositors seek for the immediate return of the moneys
with which they intrusted the deliuquent corpuratien ;
Ind it must be recollected that Piece the establistunt•ut of
the bank the shareholders have received large dividends
upon their shares ; that they possessed the power, if thus
had chosen to exercise it, of investigating into the affairs
of the bank ; that they have failed to do so ; and that the
failure of the bank has arisen front the want of due car,
and inquiry upon the part of the shareholders; whereas
the depositors, receiving the statements presented to their
hitlf-yoarly rneetiuge, add sanctioned by the approval of the k