The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1836-03-01 00:00:00

TUE LIVFIWOOL FRANDARD.

PROSPECTUS
OP A JOINT STOCK BANKING COMPANY,
TU BE ESTABLISHED IN LIVERPOOL, •
AND CALLED

THE ROYAL BANK OF LIVERPOOL.
CAPITAL, Two MILLIONS,
Ia Two Thousand Shares, of One Thousand Poupd:
ONE MILLION TO BR PAID UP.
AT a period when the principles of Join tock Banks are
so well and accurately defined, and e advantages of the
system have been so admirably demo rated, it would be su-
perfluous to enlarge upon their intri c excellencies. Merely
to mention that a having a great number of Partners
should be more secure than a Bank of only a few Partners,
seems a very obvious proposition; and has received abundant
confirmation from the numerous failures under the private, and
the stability of the public system of Banking. This is a tact
which demonstrates the superiority of the Joint Stock Bank.
The experience of the last eight years has sufficiently established
its claims to the entire confidence of the Public, from its un-
questionable security, and the extended benefits thereby afford-
ed to every branch of trade and industry. Unlike Private
Banks, which may be diminished in number and wealth by a
variety of circumstances, the Joint ,Stock Bank by its exten-
sive, and in this instance, wealthy Proprietaty, satisfies the
public of its merited confidence and security.
~• Nottvithstanding the unfailing success of Joint Stock Banks
4h Wli individual Proprietors, and convenience to the Public
MI to, it may be apprehensive that the scheme upon which
son ' ave been instituted, will he found to have an object be-
yon he establishment of a sound and healthy Banking con-
cern. Banks to some extent have already been established
upon a basis embOdying a great number of Shares, at a small
scale of value, and experience has lately proved the facilities
thereby extended to change the legitimate objects of a Joint
Stock Proprietor to those of a mere speculator.
It would necessarily follow from the continuous change of a
Proprietary, with its natural consequences, the wonted respecta-
bility and confidence of the Bank is greatly impaired, and its
true interest and successful issue wholly forgotten. Time, how-
ever, is the only arbiter between Banks supported by a change-
able Proprietary, and the one now respectfully submitted to the
Public.

!s each.

Satisfied that public confidence and security is of the very
first importance to a Bank, the Proprietor here will co-operate,
with a view to insure that desideratum in the science of Banking,
and endeavour to avoid as much as possible the trafficking in
Shares. Under this impression, the promoters of the Bank pre-
sume that the large amount of each Share will, in a great mea-
sure, tend to check that objectionable practice. :Elie Share-
holder in this Bank will be a person of Capital and standing in
Business or Society, and will not deem it his interest to transfer
Shares, for the sake of a trifling premium, like the small Capi-
talist who can have comparatively little interest at stake. In
the capacity of Propietor he places his money as a sure and per-
manent investment, with every probability of being a profitEthle
one. Instead of receiving the usual Government Security Di-
vidends, or mortgage interest, a handsome Bank Dividend 'is
paid, with the certainty and punctuality of the former, and with
much less trouble and expense.
In illustration of the successful investments, references are
very abundant, both in the English and Scotch Banks. The
latter, indeed, from the longer experience of the system, afford
truly gratifying proofs of success and profit to the Proprietor, as
well as the advantages and superiority which a Bank of large
Capital possesses over the one of more limited means. To in-
stance, the British Linen Company, which originally cost £2OO
per Share, now sells at £4BO. The Commercial Bank of Scot-
land, commencing under very unfavourable auspices, pays £l4
per cent., being a premium of £7O per cent. The National
Bank of Scotland pays £42 per cent.; and which is almost in-
credible, the Aberdeen Bank, which originally cost £l5O per
Share, bas risen to the enormous sum of £2500. There are a
variety of other Banking Establishments in Scotland which
might be referred to as being very successful ; and the same
prosperous career, subject to the limited extent of Capital, has
attended all the Joint Stock Banks instituted, in this Country,
under the provisions of the late Act of Parliament, most of them
yieldin.. from £7 to £l2 percent. and upwards upon the paid-up
Capital.'
The present Bank will have many advantages over Banks of
a more limited Capital. From the paid-up amount, the Public
can rely upon it being a safe Bank of deposit, and from the same
source it will become a Bank of considerable discount.
Under these views, it has been concluded that this Bank be
(with permission) called the "ROYAL BANK or LivEnrooL,"
with the subscribed Capital of Two Millions, in Shares of Ono
Thousand each.

That the number of Shares be Two Thousand, with power to
add to the number.

That the paid-up Capital be One Million.
That each admitted Shareholder pay nu allotment • £lO
per cent. after the Shares are registered; apd the remainder at
the discretion of the Directors; no call to be made without three
months' notice.

That the Bank be formed when 500 Shares are subscribed for,
and a Meeting be then convenqd for the election of a General
Board of Directors, &c. _ _

That the Shareholders be paid no more than £3 per cent. per
annum out of the profits, the remainder to accumulate as a sur-
plus fund until it amounts to f.:100,0000, after which, the whole
profits to be annually divided, by a half-yearly dividend.
That should one-fourth of the paid-up Capita!, and the whole
surplus fund be lost, the majority in value of the Shareholders
decide whether the Bank should be dissolved.

That uo transfer of Shares be permitted until after the pay-
ment of the first dividend, and that the transferee of Shares, in
all cases, be subject to the approval of the Directors.
That a Deed of Settlement be prepared, embracing all need-
ful provisions for constituting the Bank, and for its efficient
management.
That the qualification of a Director be—a, holder of Five
Shares or upwards.
That the Directors have power to make bye-laws.
That at the first meeting of the Proprietors, each person shall
have a vote for every Share he may hold, either in person or by
proxy.
Sealed applications for shares to be addressed to the " Provi-
sional Committee of the Royal Bank of Liverpool, No. 10, Ex-
change-alley, Liverpool," on or before the HA of March next.
By order, • RICHARD DAWSON.

FORM OF APPLICATION FOIL, SHARES.
To the Provisional Committee of the Royal Bank of Liverpool.
- Place and Date,
_

Gentlemen,
beg to apply for Shares
in this Bank, upon the terms of the Prospectus, and in consi-
deration of the allotment to hereby undertake to
exercise support and influence,
Yours respectfully,
Name in full,
Business or Profession,
Besidence,
Liverpool, February 20, 18.36.

CORINTHIAN ESTABLISHMENTS.

No. 65 and C(, Lord-street, Liverpool, and No. 18 and'iO, Market-

street, Manchester.

Es. TuTON, MAN rFA cruitEn of every description of
• CrAyroiNG suitable for all climates, and -GEN.Eittli. OUT-
FITTER to at! Parts of the World, begs to call Olt, attention of
Exporters of Manufactured Clothing, Mast of Vessels, La-
dies, Gentlemen, or Families Emigrati , Strangers in Liver-
pool, and the Inhabitants generally his extensive Stock of
CLOTHING of all descriptions, • calculated for all climates,
and comprehending all qualities rom the finest to the lowest
quality of Goods.
In submitting the annexed List of Prices for consideration,
E. S. TUTON particularly wishes it to be understood that every
Article is made up in the most respectable manner, and that
the highest Price enumerated has reference not to any article
of a secondary description, but to the very best Article furnished
by the Trade. s. d. £ s. d.
Gentlemen's Dress Coats
Ditto, superfine Cloth
Ditto ditto, West of England Cloth
Ditto ditto, very best quality
Frock Coats 15 per Cent. in advance of D. ess Coats.
Coloured Cloth or Cassimere Trowsers 0 18 0 .. 1 4 6
Very best Ditto 1 6 6 .. 1 9 6
Black or Blue Cloth or Cassimere
Very best Ditto 1 7 6 .. 1 10 0
Superfine White Drill 0 8 6 .. 0 10 6
Very best Ditto 0 12 6 .. 0 14 0
Unhleached Ditto -
White or Buff Moleskin
_ _

Anglo-Merinos all colours
Fancy Checks and Strives
White and Coloured Jean, 0 3 0 .. 0 6 6
Jackets, in either Cloth or Jeans, 15 per cent. in advance of
Trousers.

Black or Coloured Cassimere Vests.. 0 9 0 .. 0 14 6
Fancy Quilting Ditto
White Ditto
Fancy Valentia Ditto
Rich Fancy Silk Ditto
Cloth Cloaks
Camlet Ditto
Gentlemen's White Calico Shirts 0 1 4 .. 0 3 6
Extra fine Ditto
Ditto ditto, Linen Collars and Wrists
Ditto ditto, with Fancy Fronts
Ditto ditto, with French Lawn Fronts 0 5 0 .. 0 8 6
FancyColoured Yacht Shirts
Irish Linen Plaited Fronts 0 3 6 .. 0 8 6
Extra fine Ditto, Lawn Fronts
Ditto ditto, French Cambric Fronts Ol2 0 upwards
Linen Shirt Fronts
Cambric Ditto
Fancy Ditto
Fine Lawn Ditto
Yancy Needlework Ditto
Fancy Coloured Ditto 0 1 0 .. 0 1 6
Fine Linen Collars ...e. 0 3 6 upwards
Boys' Collars and Frills.
Boys' and Youths' Shirts of all qualities, and proprtionably
low Prices.
Ladies' Ready-made Chemises, Slips, Petticoats, Wrappers,
Night Dresses, Cloaks, and every article of Apparel suitable
for all climates.
Dressing Gowns, Drawers, and Singlets.
HOSEERY.

In Silk, Cotton, Woollen, and Merinos of every description.
GLOVES,
In Kid, Beaver, Goat, Silk, Thread, Berlin, Sateen, Fur,
Woollen, &c.
Articles made to measure at the same Prices.
Ladies, Gentlemen, or Family Outfits to any extent promptly
executed.

Prepared Bedding, Blankets, Sheets, Counterpanes, Towels,
Table Linen, &e.

English and Foreign Silks, rich Shawls, splendid Cloaks,
Furs, Irish Linens, Hosiery, Flannels, Damasks, Moreens,
Table Linens, Broad Cloths, Kerseymeres, &c.
MACKINTOSH AND CO'S WATERPROOF AND AIR-PROOF
FABRICS.—E. S. Tuton, possessing the privilege of using the
India Rubber Liquid, wnereby Gentlemen may have Articles
made in their own peculiar manner and perfectly Waterproof.
Ladies' and Gentlemen's Lists of Outfits may be had by ap-
plying at the Establishment. •