The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1836-09-30 00:00:00

SHIPPING INTELLIGENCE.

FRIDAY, San'. 30.--No-on, Wind N.W.—Moderate.
(High Water 2h •17m a.m.)
• Aattlvid)--The lltexicO,'Stbrey; from Mobile, after being on shore
near 'Crosby Poidt—=WoollbUry, Tate,- from 'Ne* Orleans—Orleans;
meeedith, frotirJaMaien—Hope, Wood, from Apalachicola—Fortuna,
Janson, from, Hambrot. ' • • •
OFF Powr-1 Ship and 1 Brig,' at 42• neon.
The•Reformilielkirk, hence, at the Cape of Good Hope.
Louisa,tChnlker, hence, at Leghorn.,
Vigilant,.l4lancgunier, hence, at Rouen.
LiNgrppol, ---, hence for St John, Isl B,,was spoken on the 19th
instant, tti'lat..s3, twig,
liatird,'Ausibr,-henve:at Nassau. ' " '
Catharine, ; and Atalanta,----, hence, at Dublin.
Weleorne, frunsTrinitlad,-at Dublin;
Tapley..Tapley„ from, Calcutta, off SwanaaP,,'
Monkev, Cargill, from NeyfoundlarAd, at Legh9rn.
Tiger, Searight, sailed, from the Cape, of Good Hope for Bombay,
12th July. ,
Adventure, Yule, from Bahia; at Falmouth.
The Lucy, Grieves, from Valparaiso was on shore near .Mazatlan;
11th July,
Off 11013 head, inward-bound-7. No. 310,
.Lunenburg,,ll B, from Li•
verpool, N S, at 11 30 a.m.

JOINT STOCK ,BANKS..,

Attention is beginning to be•drawn in the city to the facts
disclosed in the report of the committee ea joitit.stock banks in
a much greater degree than at first,.but the general importance
of them is still far'l.rom, being fully understood.. 'One circum-
stance has very forcibly struck all those who have bestowed any
,consideration . on, the subject, 'which ,is the very recent date of
the-formation of the Freaterpartot them.- Before the renewal
of the bank charter, in 1833, very few indeedlof theseestablish
ments . were in existence. From an examination..into those
banks which have made returns to the committee,:an analysis
of which appears in the Times ef this day, it appears that out of
59 banks only 2'2 *ere -formed prior to 1833, the date of the-
earliest of them being•lB26, and even of these the activity, was
less,.and the 14PhOt of operations much, smaller; than it has be-
come since that tithe. In regard to the branches and theagen-
• cies, this is still more decidedly the case, as they have almost
wholly originated since 1833, and the new banks have in pro-
portion ..• been mucit more liberal in the formation of them.
Thus, out of 11 banks which were formed in 1834, out of the 59
which Made returns, no less than •117 branches, and 41 agencies
were created ; each bank, in point of fact, . producing on an
average 15 to lii others, for so the branches and-agencies must
in propriety be termed. The .banks .formed-in 18:35 aid •1836
. are-not yet in a state to pronounce any fixed opinion upon, but
they are evidently in a course of extension, both as to branches
, and agencies,. the- latter appearing, in regard to the more re-
cently formed establishments,, to obtain the preference.• It
Mast further he 'considered, that 30 joint stock banks have not,
made any returns to the queries in Mr.- Spring Rice's circular;
and that the whole of these institutions which have been formed
in England under the act 7 Geo. IV. is 89,a1l of which it may
fairly be presumed have risen into business under the same cir-
cumstances isithose above described.• It is generally supposed
that the chief encou•rajement•to them has keen the clause in the
bank charter by which bank notes are made &legal tender;-as
it was much easier for them to make a provision of that kind"
"for their circulation than'to keep-a. stock ,Of gold; bat this is
Obviously not ,the-:whole cause; and •it is likely that the large,
profits made by the banks which were first in the field,- by eats-
.vwehrre-bs,mlsailile.ncapital.- was the
produced., will'
lb, esta-
blishing
jaml,aurtgeee, to. lir ct
huelaet ixocni upon
menta,
naturally go- on - increasing till some check is given to it. Of'
the-general results of the .seturns .before.alluded.to, .it maybe
fdrt het4 noticed, that these 59 banks report. in the' aggregate. a
s annnydq ui! a
nt
f:apital of £37',45t/,000,.1,f£37',45t/,000,.1,f which X6,000i000 .har% been paid •up-
Thar some explosiou`should not arise.outaopfpse,,o, ui
o' " " sit er
t - -
orieeof paper motley,. placed as it now
f efficient Legislative emit real, is scarcely to be conceived= as
Possible,' though it may happen that • the ruin of them may•not
produce any serious-44ret on the circulation; . Their .more .im-
'mediate dangerseems to lie in the practice, universally follow,
ed by the weak ones among them, of endorsing and rediscount.
ing the 'bills,: presented. to ,thein,• the greater, pert ,if which
liabilities might, by any disastrous turn -in .comnielcial affairs,
come=.switlauly: into.. play, and ,alisorht Inuch More. than ,the
limited:capita/ they pus-Sess.. Cr be, inquiry instituted by parlia-,
inerit into•this, subiert,.has. at ,least.done the good of.showing.
that an.enormous evil ,exists, ,rinds that .some., remedy must be
sought for it in the next session, if it is desired to save every
other interest in the country from being sacrificed to it.—City
Article', Times, Monday.
..