The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1839-09-03 00:00:00

TRADESMEN'S INSTITUTION.

This useful institution, which sprang into existence a few
months ago, for the purpose of affording the young men and
assistants employedin shops and counting houses an oppor-
tunity of employing their leisure time in the evening legiti-
mately and intellectually, is, we are happy to hear, progressing
in its object. Mr. Cresswell visited the institution a few even-
ings back, and expressed himself highly pleased with its ar-
rangements. The following letters from Lord Sandon and
Mr. Cresswell have been addressed to the secretary, accom-
panied with a donation of £5 from each
" House of Commons, July 10, 1839.

" DEAR SIR,—I shall be happy to occupy any part in your
infant institution which may best promote its interest. I beg
leave to be allowed to contribute five pounds towards its
funds.—l am, dear Sir, your faithful servant,
" SANDON.
" To Mr. James M`Kenna, &c. &c."

" Sin.—l have now the pleasure of enclosing the amount
of my donation to the Tradesmen's Institution. Wishing
that the young men of LiverpOol may derive from it all the
benefits which you anticipate, I remain, your's faithfully,
" C. CRESSWEL'L.

" To Mr. James M`Kenna, &c. &c.
" August 27, 1839."

NORTHERN AND CENTRAL DISTRICT BANK.—At a meet-
ing of the proprietors of the Northern and Central Bank,
held on Thursday the 29th inst., it was agreed that the con-
cerns of this bank shonld be finally wound up. It was also
stated that the gross amount of subscribed capital was £647,
870 ; that the profits made from its commencement had been
£133,927, making together £781,797 ; that the bank has now
in cash, paying interest after the respective rates of 5 5/ and
6 per cent the sum of £74,860 ; that it has bills under discount
£39,841 ; that it has in mortgages, estates, and other secu-
rities £142,077 ; that it has a debt deemed collectable, £126,
642 ; making in the whole bank assets £382,621. That the
bank has claimants in the shape of holders of notes still in
circulation, and owing to depositors, £8433 ; and that the
nett balance dividable among the shareholders is £474,188
which, on 69,067 shares. will produce £5 7s. 3d. per share.
This dividend of £5 7. 3d. shows, therefore, a loss of nearly
half the paid-up capital. It is intended to pay to the share-
holders, in October next 20s. per share, and in January next
20s. more and to continue every succeeding six months to pay
such dividend as the cash in hand will admit. Any proprie-
tor may now finally dispose of his shares to the bank at £4
per share, for payment of 30s. per share in October next, 30s.
in post notes in 12 months from October, and the remaining
20s. in 18 months from October next. (A large deduction,
this, for future expenses.) Some of the shareholders seem
to entertain the intention of commencing business again,
under the name of the Alliance Bank, and any of the present
shareholders (Northern and Central) may become share-
holders in it, of say ten shares, on assigning over £5O to the
Alliance directors, to be,paid out of the accruing dividends
payable by the Northern and Central Bank.
The Lincoln Chronicle says that an ingenious person resi-
dent at Spalding hasinvented a great improvement in
horses' collars by inflating them. It has proved a wonder-
ful relief to the animal.