The Sun.
London, England, 1844-10-11 00:00:00

BROUGHT DOWN.

Total assets
Deduct estimated losses

£246,531 17 7
Liabilities 217,573 14 2

Showing a surplus of £28,978 3 5
Thus it would be seen that during the year ending 30th
of June last, the liabilities had been reduced from
440,936/. 6s. 10d. to 217,573 L 14s. 2d., and that the esti-
mated value of the assets, as compared with the liabili-
ties, showed a surplus of 28;978/. as. sd. This surplus,
added to the previous deficiency of 52,358/. 10s.- stl,
made a total difference of 81,336/. 13s. 10d. This dif-
ference was accounted for by the receipts on the first cal!
of 21. pef Share, 5,8961., and con the further call, due in
January last, 88,497/, and the return of Directors' allow-
ances, 1,452 Z 165., making a total of 95,846 L ss. From
this was to be deducted for interest and the expenses of
the year, 14,5091. Ils. 2d., leaving the difference, 81,336/.
13s. 10d. The Directors had revised their estimates
with great care, and they hoped they might assure the
Shareholders that the preceding surplus of 28,978 Z 3s.
sd. was likely to be realised ; at all events, the antici-
pated receipts from calls would assuredly corer any un-
foreseen difference, and do something towards paying in-
terest and expenses. The arrears of calls had had the
serious attention of the board, and in some instances,
where the parties were thought able to pay, legal pro-
ceedings bad been instituted ; and it was the intention
of the board to prepare a list of all who had not
made arrangements for payment before the Ist of No-
vember, and to submit it to the Shareholders for them
to decide on the further proceedings to be taken. On
the 30th ult. the liabilities were reduced to 204,4401.
Mr. Chappell, Mr. Dyer, and Mr. W. Smith retired
from the board by rotation, and were proposed for re-
election.

On the motion of Mr. S. Walker, seconded by Mr. J.
Jones, the report was unanimously adopted.
Mr. T. GREIG, of Spring Bank, said the Shareholders
must all feel gratified at the improved circumstances in
which the affairs of the Bank had been placed, for at one
time, so far from anticipating the result now held out, it
was not known but that serious and heavy calls would
have to be made to meet their liabilities. It must be re-
collected, however, that many of the individuals who
were debtors to the bank at one time were now in a
better position, and it was probable that the Directors
had been induced to take much less for the settlement of
their accounts then than they would now. 'What he
wished, therefore, was, that the Shareholders of the bank
should be put in possession of a list of such men, in order
that it might be seen if they could not be induced to
make good the whole or a part of the deficiency. Though
many in this meeting might feel satisfied that a further
call had not been made, it must be recollected that there
were others in a different position—there were the widows
and orphans, whose all had been sacrificed, and to them
the money recovered in this way would be of great im-
portance, and for their sake it ought to be attempted.
He therefore moved " That the Proprietors of this bank
be furnished, on or before the Ist of October next, with
a list of all debtors to the bank, whose accounts may be
considered closed, and the real amount of loss occasioned
thereby ; to commence from 1836, when the Directors
showed a balance of 741,040 Z capital paid up, and a re-
served fund of 150,3481., making a total of 891,3781."
Mr. JOHN POTTER, one of the Directors, wished to
know if Ur. Greig meant to say that any of the Direc-
tors sitting at that board had been parties to an unfair
settlement of any accounts referred to ?
Mr. GREIG was sorry anything he had said could lead
to such a supposition. He believed the present Directors
had done their best in every case for the interest of the
bank ; but he would ask boldly, if many settlements,
time back, had not been made by Directors, of which
the rest of the board were ignorant ? His motion
.did
not refer alone to what had been done lately, but since
1836.

Mr. MILLINGTON seconded the motion of Mr. Greig.
He, at the same time, thought that a wide line ought to
be drawn between the present Directors and those who
had drawn them into difficulties.—(Hear, hear.) He
approved of the motion for this reason, that, though
such men as Mr. Chappell, who had lost 30,000/, might
do much by the improvement of trade to mend their
broken fortunes, the widow and orphan had not such an
opportunity before them, and therefore everything the
Proprietors could do for them ought to be done.
Mr. SMITH, Manager of the Bank, suggested that the
list, which the Directors could have no objection to fur-
nishing, should be delayed till a few months later than
the Ist of October next year, in order that the bank
might pay off its debts, otherwise he thought it might
induce parties, finder the plea of poverty, to postpone
their settlements ; they might say that if they settled
before that time their names would get in the list, but it
not, they should escape.—(Hear.)
Mr. WILSON, of Northern Cheshire, asked what were
the amounts upon the two calls made since the bank had
stopped that remained unpaid ?
Mr. SMITH said the total number of shares was 74,103,
upon which two calls of 21. each share had been made,
and upon these shares each call would amount to

148,2061. There was a deficiency, however, in the
amount realised of 34,9641. on the first call, and of
54,0681. upon the other.
Mr. WALKER thought that was not all loss ; the bank
had bought shares, and upon them, of course, the call
amounted to nothing. The question was, how much less
had the Directors realised than they calculated upon
from the calls ?

Mr. SMITH said only 15,0001. upon the first, which
they expected to recover, and the second call had realised
more than was calculated upon.
The resolution was carried almost unanimously.
The retiring Directors were then re-elected, and the
meeting separated.

DEATH OF THE DEAN OF CARLISLE.—We have to
announce the demise of the Rev. Dr. Hodgson, Dean of
Carlisle, at his mansion in Lower Grosvenor-street, yes-
terday morning, after a protracted illness. The late
Dean was also rector of the; wealthy parish of St. George,
Hanover-square, which living he had held forforty years,
and the net revenue of which benefice, as returned to the
Commissioners for Inquiry into Ecclesiastical Revenues,
is of the annual value of 1,5501. The deanery is worth
about 1,6001. a year.
Reid'oLßiTonn-acroTurot:rDle.etlf
graphed from life upon stone,
Winslow, a gentleman whohis talents for
hasthe cure of alienation of
Fleet-street, rleVeitN, Shlfs justv l‘plur .ob lfiiNspihiertdc Mitchell,
0 a portraitevo ted
many years so successfully
able, practical, and
and the profession by his numerous,
writings on the subject of insanity. Dr.
mind, and whose name is so well known to the public
philosophical
Suicide" (the firstattempt
Window's " Dissertation on
Waidnes in this country by a mcdical man to consider this
formm of mania physiologically and practically), his treatise
on the "Plea of Insanity in Criminal Cases, and his more
recent series of valuable essays on the " Preservation of
the Health of Body and Mind," deservedly place Mm in
a high position amongry. t
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an admirable likeness. The artist, Mr. Macguire, of
Great Queen-street, Lincoln's-Inn, is a gentleman of
considerable talent.

WEYIIILL FAIR, TIAMPSHIRE.—This fair, 'which
is the most important in the south of England, was held
on IN odnesday in an extensive range of fields three miles
from Andover. The fair continues for six successive
days, for the sale of sheep, horned cattle, and horses,
the supply of which this year was very large, and ex-
ceeding that of the preceding years. The sheep-pens
covered many acres, and the trade was rather brisk;
the best ewes making from 28s. to 335., and good South-
down wethers obtained good prices. The supply of
horned cattle was large, and the trade dull, the prices
being 12 per cent. lower than the average of last year.
The horse field was large, and prime cart colts made
high prices. Most of the influential agriculturists and
farmers of the adjoining counties were present.