The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1847-11-16 00:00:00

OUR LOCAL BANKS.

The directors of the banking establishments in Liver-
pool which had suspended payment have decided upon
the measures they definitely purpose to pursue.
The Royal Bank have called (as will be seen by the
advertisement) a meeting of the shareholders, and are
prepared to re-open the establishment on the Ist of next
month. We congratulate all immediately concerned, and
the town at large, on this result. Some wholesome
changes are to be made in the deed of settlement, and in
other departments. The London Agency will in future
be the Joint Stock Bank. We believe that upwards of
£120,000 in amount of the preference shares have already
been taken up.
The North and South Wales Bank will, it is confidently
stated, be re-opened in a short time. A meeting of the
proprietors is to be called in the meantime, for the Ist of
December, to take steps towards that object. The deposi-
tors have already almost unanimously accepted of the
terms proposed by the bank,—which partake of the
nature of those proposed by the Royal Bank.
The Liverpool Banking Company may also be expected
soon to resume. The capital of the bank remains un-
touched. On the 10th instant a meeting of the directors
took place, when it was agreed that a call of £2 per share
should be made, payable on the 20th December, and that
a meeting of the proprietors be held on the 30th instant,
when, it is probable, the re-opening will be determined
upon. A statement of the affairs of the Company is offi-
cially published. From this we condense the following :
The amount of paid-up capital is £111,650, to which
being added the reserved fund of £22,723, the con-
tingency accounts, interest, &c. (£7,634), the total
amounts to £142,008.
The Assets in cash and bills ; amounts due to the bank
from current accounts, premises, interest, &c., are
£215,010.
The Liabilities upon bills in circulation and in hand
are £321,276, but with good bills; amount owing to
current and deposit accounts, and proprietors' divi-
dends_not called for, reduces the estimated liabilities

to £91,768, so that the estimated surplus is £123,242.

There is an amount of £22,729 due by parties who have
suspended payment, and taking into consideration solvent
indorsers and other circumstances, the loss is estimated at
£8,060. Stringent measures have, in some instances,
been resorted to, to enforce the payment of accounts due.

In the Court of Common Pleas on Saturday, Messrs.
Leader and Cock, musical publishers, obtained a verdict
of 40s. against Mr. Purday, in the same business, for an
alleged piracy of a song, with an accompanyment, called
" Pestal." The defendant has leave to move for a non-
suit on a point of law.

THE NEW MEMBER FOR SCOTLAND WARD.

The Mercury seems desirous of making it appear, by
insinuation—the weapon he employs in default of facts—
that a slight has been passed by the Council upon Mr.
Woodruff, (member for Scotland Ward,) by his not being
elected to serve on a large number of committees. As
usual, however, truth is against our contemporary; and
truth he cannot controvert, ingenious as may be his
" weak inventions." Mr. Woodruff is a member of the
Markets Committee ; and was elected to serve on the
Watch Committee, and also on the Court of Requests
Committee. He was, moreover, solicited to become a
member of the Education Committee. A higher meed of
honour could scarcely be bestowed upon a newly-inducted
member of the civic body, and we may state- that Mr.
Woodruff feels more than gratified by the compliment
thus conveyed to him,—albeit the Mercury's object
evidently was, by his insidious remarks, to excite in that
gentleman's mind a feeling of unmerited neglect,—an
attempt which he has too much manhood and good sense
not to repudiate. Mr. Woodruff, on account of his
engagements as a member of the Select Vestry, (in which
capacity he has won " golden opinions from all sorts of
men",) declined to become a member of the Education
Committee. The Watch Committee is not yet fully
formed ; and, as was stated by the Tcwn-clerk, there was
no necessity for the Court of Requests Committee,—the
businers of that tribunal having merged into the present
County Court. The compliment paid to Mr. W. was
nevertheless equal on the part of the Council—these
explanations not then having been given. The Mercury,
too, endeavours, insidiously, to make it appear that Mr.
Woodruff owed his election to the Council mainly to
extensive " treating." This is another subterfuge of an
ingenious and, happily, defeated foe. Nothing of the
kind took place ; and if the Mercury would learn the
secret of that gentleman's success, he will find it in the
general merits of the candidate, which secured to him
the unbought and unsolicited exertions of an able and
active body of canvassers, as well as the good-will of a
large and influential number of the electors and inhabit-
ants of this district. The mighty offence taken by our
contemporary is, that, though Mr. Woodruff is not of his
party, he gives strong promise of becoming a most effi-
dent and useful member of the Council.