The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1838-09-04 00:00:00

NORTHERN AND CENTRAL BANK OF

ENGLAND.

MEETING OF SHAREHOLDERS.
The general half-yearly meeting of the shareholders of the
Northern and Central Bank of England was held, on Thurs-
day morning, ir; the large room of La.dyman's Hotel, Bridge-
street, Manchester, for the purpose of receiving from the
directors a statement of the affairs of the bank to the 30th of
June last. There was a very large attendance. Mr. J. S.
Stubbs, of St. Ann's-square, was called to the chair.
The CHAIRMAN announced, that, since the last meeting,
the Directors had procured two valuable Acts of Patliament,
authorizing them to sue anti recover debts due from share-
holders to the bank.
The Half-yearly Report of the Directors was read. It set
forth, that, though the statement of accounts showed a de-
preciation as compared with that of the preceding half-year,
the directors were confident, that the allowance made would
be sufficient to cover every contingency. A number of
shares held by debtors of the company had been valued at
and not at the value likely to be realized, so that, in the
event of the bank having to tall back upon these shares, a
considerable additional amount might be reckoned upon.
The statement made the assets of the bank (nett) £434,731
10s. 3d., and the liabilities £42,557 2s. Id.: balance £392,174
17s. 2d., to meet a capital of £756.700. The differences be-
tween the bank and Mr. Cassels had been settled. The debt
due to the London and Westminster Bank, had been re-
duced to a
very small sum, for which ample security was
The report concluded as follows :—" It is now, there-
fore, incumbent on the shareholders to consider what will be
the best and most advisable course to adopt in the present
situation of the bank, whether the affairs of the company
should be wound up, or the bank be so remodelled as to re-
commence business under another name."
Mr. JOHN HALL, of Liverpool, moved, that the report be
adopted, printed, and a copy sent to each shareholder.
w Mr. Cooke, of Liverpool, seconded the resolution, and it
7 carried unanimously.
ettaA reply to some observations made by Mr. 'Farmer, the
Possitblatatw said, the expenses were reduced to the lowest
was the sum: nearly all the branches were closed. There
expeaseesef Penile of that at Nottingham. and Mr. Braidley's
debt. large
with t
n America, whither he had gone to recover a
expense of the head office was very small, for,
the exception of Mr. Connell, there were not more than
four or five de
about £ clerks.'Phis expense, e h fancied, was somewhere
„,_per anutllll.
' BROADBENT said, the serious loss observable in
makingdirectors LIP the half-yearly accounts had arisen from the old
rtreectors having given too fair an account of the debtors to
all4.rbank.
s
He was satisfied, that the winding up of the
would
engross £lO.OOO of the existing capital. Ile
expressed his belief that the bank might commence business,
in January next, with a capital of its own of £30,000. That
capital, in the course of the next year, might, by good ma-
nagement, be raised to £loo,ooo—a sum which was sufficient
to Imake the foundation of a good concern.
Ln the course of the discussion which ensued, it was stated,
tthLat the actual loss might be called £130,000, though some-
.eing of that might be collected. If the loss should amount
to one fourth of the capital, which would, it appears, be
I4Uo,ooo,:the bank would be dissolved by the 26th clause of
the deed of settlement.
Mr. NV
•. ' usoN, after some remarks on the necessity of deter-
Mitring on the future operations of the bank and the appro
prtation of its assets, moved a resolution to the effect, that
measures should be taken for calling a special meeting of the
taking
on the Ilth October next. for the purpose of
Llng into consideration the most advisable course to be
ttaken, under existing circumstances, with regard to the affairs
of the bank; and, also, that a committee be appointed to
prepare such new laws or regulations for the consideration
and sanction of the proprietors as they may deem advisable,
under the 19th clause of the present deed of settlement.
Mr. HALL seconded the motion, and contended, at consi-
derable length, that the question of dissolving, the bank
Z°4l(l not be entertained at this meeting, but that it would
e unadvisable to carry it on under the present deed of set-
tlement.
Mr. Donau., of Liverpool, and Mr. FARMER expressed
themselves in favour of the appointment of a committee.
After some conversation on the subject, the motion was
carried, and the following names were put to the meeting
"namely, and agreed to, as fit persons to form the com-
Mitt ce:—Mr. John Hall, Liverpool; Mr. Wm. EckersleY,
Helens; Mr. William Haynes, Manchester; Mr. James
Burt, Manchester' Mr. Thomas Harbottle, Manchester;
Mr. Alexander Ogilvie, of Mere, near Knutsford.
Mr. HERBERT, of Nottingham, said, he had been deputed
be the shareholders of Nottingham to attend the meeting as
their representative, and had been requested to obtain an-
swers to certain questions which he read. These questions
related to the expenses at Nottingham, and to the desirable-
-11"e of appointing a local committee. The loss of the bank,
in that town, was stated to have been £70,000 in less than
fourteen months.
The CHAIRNIAN thought, the actual loss in Nottingham would
be about £6281, and the estimated loss about £63,:351 14s. 4d.
The subject dropped, on the directors undertaking to give
Mr. Herbert any information he required at the hank, on the
following morning.
• Mr. HAYNES after stating that the application for the two
acts first alluded to had cost a considerable sum, and would
he advantageous to joint stock banks, inured, that such banks
should he applied to contribute towards defraying the expense.
The resolution was carried.

Some conversation took place on a motion of Mr. lIALL,
that the pieces of plate presented to the original members
of the board, should be returned, which motion was ultimately
withdrawn.

WARRINGTON,

(From the Manchester Courier.)

SUICIDE.—On Monday an inquest was held at the Rain's
Head, Warrington, before John lleyes, Esq., one of the
coroners for this county, on view of the body of Samuel
Maddock, who destroyed himself on Sunday morning. The
deceased, who was a labourer, had been in a state of ill
health for the last twelve months; and for a week before his
death had kept to his bed. lie was in a low and desponding
state. On Sunday morning, between nine and ten o'clock,
his wife left him while she went to a neighbouring pump for
pail of water; she was not absent more than two minutes,
ati'll_she had not twelve yards to go. On her return she found
et; deceased, sitting up in bed, with his throat severed from
foutear- He died altrost instantanously. His razor was
head obrYs side, having reached it down fi-om a shelf at the
insan-t t.,e bed.—The jury found a verdict of •'Temporary

-
FIRE.-011 Saturday morning, a fire broke out in the
card] Saturday
on the fourth story of Mr. William Turner's
cotton factory, at Fliers' Green, soon after the work people
ha commencati their labours of 'the day. By great exertion
on their part it was got under. Had it hpened at a time
when assistance was nut immediately atap hand, the whole
building would have been destroyed, as there is not a lire-
engine in Warrington of sufficient power to reach to such a
height.

THE TExToTaLtsTs.--On Sunday evening, a rather strange
contrast presented itself, in the conduct of some members of
this body. During the time one party were engaged in the
open air, in the front of the " Social Institution," in pro-
claiming the merits and mercies of the Saviour of men, and
the evils resulting to body and soul from the excessive use of
intoxicating drinks, another party, in the interior of the
"Social Institution." were trying to prove that the Bible was
not the revealed will of God, and that there was no credit to
be placed in its directions or rule of faith. Mr. John Finch,
who styles himself " King of the Teetotallers df Ireland,
Scotland, Cumberland, and Liverpool," delivered a long
lecture iu support of infidelity, and proposed to his auditory
the formation of an " Infidel Teetotal Society," to consist of
Christians, Jews, Mahometans, Hindoos, pagans, Cannibals,
Deists, Atheists, Socialists; of all classes, prolessions, em-
ployments, of both sexes; of all characters, qualifications,
circumstances, and of all political and religious opinions ;
inviting into its ranks thieves, murderers, adulterers, pi osti-
tures, backbiters, slanderers, liars, cheats, hypocrites, mis-
creants, wretches, drunkards, moderate drinkers, teetotallers,
usurers, misers, gluttons, sensualists, revilers, the wrathful,
hateful, malicious, envious, discontented, seditious, traitorous.
ambitious, proud, ignorant, prejudiced, witches, conjurers,
amblers' horse racers, sportsmen, bull batters, cockfighters,
hirdcatchers ; of all sorts, both in and out of prisons and
workhouses." They are to be governed by a code of laws,
the principal features of which are—a denial of all religion,
4114 the ceasing to make any reflection upon the past or pre-
'lent occupation of the members. Some such a rule was in-
'lt:duce(' into the laws, rules and regulations of the "United
Order of Cadgers" meeting in London, in the days of the
celebrated " Billy Waters." No doubt it is from that noble
;,Tiety that the present has its origin. For the honour of
i,,,rrsugton, be it said, Mr. Finch did not prevail upon any
the
present at the meeting to put his or her name to
ne pledge.
THE
HA nvEsT.—A considerable quantity of oats, and a
ally
of wheat, has been cut in the neighbourhood of
Wraren_ngtun, during the course of the last ten days. Some
who have been haymaking for seven weeks, will
The, before Saturday ight; terminated that ot
field labour.
°at crop in most parts is said to be heavy.
t kroEs.—Good potatoes were selling in Warrington
theilte.t, nn Wednesday, at nine shillings a load. At Man-
such
"44 fo °II the. previous day, the same article realized as
urteen: