The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1836-04-19 00:00:00

COMMERCIAL HIGH SCHOOL.

To TUE BOITOII OF THE LIVE:TOOL SZIXDARD.
Sir,—As your journal was the first to notice toy address to
the merchants and traders of Liverpool, on the propriety of
establishing, a Commercial High `chart, permit me through
the same medicm to reply to some remarks that have been
addressed to me on this-subject, in the Albion of this day.
Briefly, let.me sac, that so far from the design having been
abandoned, the. detailed prospectuses have been printed, and.
are under the consideration of manyof the-most influential gen-
tlemen of this town; and it only awaits the settlement of some
preliminai y regulations, fur its.being inure fully laid before the
„public.
.•, - '
The time has evidently now arrived when Liverpool will no
longer be without seminaries fur education, placed under pub-
lic controul; the proper arrangement of the plans on which
they shall be formed will preVent mischiefthat might take years.
of strenuous exertion to remedy, and as they are totally un-
connected with those undertakings which require large eorn-•
Lined capitals and.exteusive connections, the emcitem(,nt of the
present day would be improperly used to hasten their adoption.'
Allow me to add that my proposal is the result of upwards of
thirty years' experience as a teacher in the preparation of
young men for. the higher commercial appointments and of.
attentive ouservation on the workingof several latge public es-
tablishments, and that it is the only attempt that as yet has been,
made, to raise commercial schools to that elevation they. ought.
toloccupy in a commercial country, and particularly in a town
so distinguished fur its mercantile enterprise as Liverpool.
I am, Sir,
Your most obedient servant,
W. TATE.

36, Renshaw-street.

ADVERTISEMENT.
NEW JOINT STOCK BANKING COMPANY.

" Hope told a flattering tale."
TO THE EDITOR OF THE LIVERPOOL STAND,IRD.

SlR,—Allow me, through the medium of your valuable journal,,
to offer a few remarks on the new project announced this day
by Messrs. Samuel Hope and Co., to convert their bank into a
public company. It is pretty well known on 'Change that these
gentlemen have been the bitter and uncompromising opponents
of joint stock banks, and have lost no opportunity of expressing
their disapprobation of the principles on which they are framed
and conducted. Let us therefore examine, for the benefit of
the public, and of Messrs. Samuel Hope Co.'s customers
more particularly, the terms on which t propose to " allow
their friends to participate with them in dvantages," and " how
far those advantages are superior to a which they can promise
themselves by embarking in • existing enterprise of the
kind. ,
Me4sr4. Hope and Co. estimate the value of their connexion
at £SO,OOO, that is, propose to create forty thousand shares at
£25 each, on which £104?i• share will be called—to retain Is.
3d. in their own hands; and to charge 40s- per share on all the
remaining tivo-thirdi taken by their. friends and the public.
Observe—they pocket the premium themselves; it does not, as
is usual in other companies, go to a surplus fund; thus showing.
their lively gratitude to their staunch adherents by taxing them
twenty per cent.
I will venture to assert that no projector of a joint stock bank •
has ever had the hardihood to bring forward such a glaringly.
selfish proposal, which, if acceded to, would not only enable the
present firm to extract £BO,OOO from the pockets of their intend-.
ed proprietors, but would give them the entire con trout of the
new concern.

I have no wish to play the Solomon and deal out wisdom to.
my neighbours; but I cannot help laughing, and I hope not
ill-naturedly, at this new species of liberality.
Here have Messrs. Hope and' Co.'s customers faithfully ad-
hered to them through thick and thin, and denied themselves the
adVantages offered from time to time by the several joint stock:
banks established in the town, and have, either front a dislike
to change or from some personal regard to the membeis of the.
firm, resisted the temptation to leave them, and, at last, they arc
rewarded by being admitted—at par?—no ,• they must actually,
0A
ny. Messrs. Hope and Co. 20 per cent. at the winding up of the
s ness, to the, success. of which they have all contributed! -
he shares o:' all the established Liverpool .auks are at a
dsotne premium, and I will venture to state that they will
.' li, admit new proprietors, with desirable accounts, at -i:2 or
Eattilder the market price.
Wherein, then, consists the boasted superiority of Messrs.
Hope and Co.'s scheme?
Should you find room for these remarks, I may trouble you
with a few more on some of the bubbles -now palmed on the pub-
lic gullibility.—Your. &c.,
A JOINT STOCK BANK PROPRIETOR.