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

NORTHERN AND CENTRAL BANK OF
ENGLAND.

UNITING OF SHAREHOLDERS.
The teneral hat-yearly meeting of the shareholders of the
Vonheut and Cenral Bank of England was held, on Thurs-
del morning, in he large room of Ladyman's Hotel, Bridge-
Wet, ilancheabr, for the purpose of receiving from the
diectors a statement of the affairs of the bank to the 30th of
Jule /ay. Time was a very large attendance. Mr. J. S.
Stubba, of St. Ann's-square, was called to the chair.
'fbe CHAIRIIAN announced, that, since the last meeting,
-Me Directors had procured two valuable Acts of Parliament,
authorizing them to sue and 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
'se. sufficient to cover every contingency. A number of
shares held by debtors of the company had been valued at
£3, and not at the value likely to be realized, so that, in the
event of the bank having to fall back upon these shares, a
considerable additional amount might be reckoned upon.
The statement made the assets of the bank (nett) £43-1,731
105. 3d., and the liabilities £42,557 2s. Id.: balance £392,174
175. 2d., to meet a capital of £756.700. The differences be-
tween the bank and Mr. Cassels had been settled. The debt
due 10 the London and Westminster Bank, had been re-
dneed, to a very small sum, for which ample security was
held. 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.
Mr. Comes, of Liverpool, seconded the resolution, and it
was carried unanimously.
~., In reply to some observations made by Mr. Farmer, the
"sllnstew said, the expenses were reduced to the lowest
Possible sum: nearly all the branches were closed. There
was the expense of that at Nottingham, and Mr. Braidley's
expenses in America, whither he had gone to recover a large
debt. The expense of the head office was very small, for,
with the exception of Mr. Connell, there were not more than
tour or five clerks. This expense, he fancied, was somewhere
about £2OOO per annum.
Mr- BROADBENT said, the serious loss observable in
making up the half-yearly accounts had arisen from the old
directors having given too fair an account of the debtors to
the bank. He was satisfied, that the winding up of the
affairs would engross £lO,OOO of the existing capital. He
expressed his belief, that the hank 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 make the foundation of a good concern.
In the course of the discussion -which ensued, it was stated,
that the actual loss might be called £130,0(X), though some-
thing of that might be collected. If the loss should amount
to one fourth of the capital, which would, it appears, be
£200,000, the bank would be dissolved by the '26th clause of
the deed of settlement.
Mr. WILSON, after some remarks on the necessity of deter-
mining on the future operations of the bank and the appro•
priation of its assets, moved a resolution to the effect, that
measures should be taken for calling a special meeting of the
shareholders on the 11th October next, for the purpose of
taking into consideration the most advisable course to be
taken, under existingcircumstances, 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 10th 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
could not be entertained at this meeting, but that it would
be unadvisable to carry it on under the present deed of set-
tlement.
Mr. DOBELL, 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'
separately, and agreed to, as fit persons to form the corn-
rnittee t—Mr. John Hall, Liverpool; Mr. Wm. Eckersley,
St. Helens; Mr. William Haynes, Manchester; Mr. James
Burt, Manchester ; Mr. Thomas Harbottle' Manchester;
Alexander Ogilvie, of Mere, near Knutsford.
Mr. HERBERT, of Nottingham, said, be had been deputed
by 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-
tt.teeof appointing a local committee. The loss of the bank,
i"
tact town, was stated to have been £70,000 in less than
fourteen months.
The CHAIRMAN thought, the actual loss in Nottingham would
be ahont £6281, and the estimated loss about £63,351 14s. 4d.
The subject dropped, on the directors undertaking to give
rr. say information he required at the bank, on the
win morning.
Mr. Ha YNES, after stating that the application for the two
Icts first alluded to had cost a considerable sum, and would
"` advantageous to joint stuck banks, moved, that such banks
!iiteuld be applied to contribute towards defraying the expense.
'..h• resolution was carried.
Some conversation took place on a motion of Mr. HALL,
that the pieces of plate presented to the original members
°'i the board, should be returned, which motion was ultimately
withdrawn.

WARRINGTON.

( From the Manchester Courier.)

. _
Stictris.—On Monday an inquest was held at the Ham's
Read, Warrington, before John Reyes, Esq., one of the
coroners for this county, on view of the body of Samuel
deceased,
who destroyed himself on Sunday morning. The
"'ceased, who was a-labourer, had been in a state of ill
4ealth for the last twelve months; and for a week before his
death had kept to his bed. He was in a low and desponding
state, ' On Sunday morning, between nine and ten o'clock,
',is wife left him while she went to a neighbouring pump for
Pail of water; she was not absent more than two minutes,
" she had not twelve yards to go. On her return she found
the deceased, sitting up in bed, with his throat severed from
:" to ear. He died almost instantanouslv. His razor was
t6und by his sid, havin reached it own from a shelf at the
!'ead of the bed.e—The jg ury found ad verdict of "Temporary
„ Saturday morning, a fire broke out in the
`atuing-room on the fourth story of Mr. William Turner's
7lotton factory, at Friers' Green, soon after the work people
on commenced their labours of the day. By great exertion
uw%heir part it was got under. Had it happened at a time
n assistance was not immediately at hand, the whole
building would have been destroyed, as there is not a fire-
l•igF'll*ht. in Warrington of sufficient power to reach to such a
THE TurroTA usrs.--On Sunday evening, a rather strange
pl,Vlttast, presented itself, in the conduct of some members of
1:b"ily. During the time one party were engaged in the
„
air, in the front of the " Social Institution," in pro-
tit• Itmg the merits and mercies of the Saviour of men, and
° evils resulting to body and soul from the excessive use of
int
()ZiPating drinks, another party, in the- interior of the
nn'rcial Institution," were trying prove that the Bible was
b.' title revealed will of God, and that there was no credit to
sr-juiced in its directions or rule of faith. Mr. John Finch,
se° istyles himself " King of the Teetotallers of Ireland,
lee7tl44d. Cumberland, and Liverpool," delivered a long
C•ttfire in support of infidelity, and proposed to his auditory
hri°r""tion of an " Infidel Teetotal Society," to consist of
I),i:illing. Jews, Mahoinetans, Hindoos, pagans, Cannibals,
01(1,1,:• Atheists, Socialists; of all classes, professions, cm-
!iri,plll, of both sexes; of all characters, qualifications.,
14,itil,"t!'neas, and of all political and religious opinions ;
lute, if Into its ranks thieves, murderers, adulterers, plosti-
tteat;tb4ClOiters, slanderers, liars, cheats, hypocrites, lois-
usurh,s.. Wretches, drunkards, moderate drinkers, teetotallers,
misers; gluttons, sensualists, revilers, the wrathful,
antbitelttlicious, envious, discontented, seditious, traitorous.
gitrible,l4, Proud, ignorant, prejudiced, witches, conjurers,
birdevelh, horse racers, sportsmen, bull buiters, cockfighters,
workh '!"; of all sorts, both in and out of prisons and
„
the • They are to he governed by a code of laws,
PrinciP I which denialall l• • and the 4 features of are—a of re igion,
ceasing to make any reflection upon the past or pre-
t rosent
nd
t ccupation the members. Some such a rule was in-
nr iced intri the laws, rules and regulations of the " United
Order of Cadgers" meeting in London, in the days of the
celebrated " Billy Waters."
society that the present has No doubt it is from that noble
its origin. For the honour of
"%Varrington, be it said, Mr. Finch did not prevail upon
individual present at the meeting to put his or her
naLa any
the pledge.
THE 1111EvEST.—A considerable quantity of oats, and a
small portion of wheat, has been cut in the neighbourhood of
Warrington, during the course of the last ten days. Some
farmers, who have been haymaking for seven weeks, will
have, before Saturday night, terminated that of field labour.
The oat crop in most parts is said to be heavy.
l'oraToes.—Good potatoes were selling in Warrington
rearket, on Wednesd4v, at nine shillings a load. At Man-
chester, on the previous day, the same article realized as
atuch as fourteen.