Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1856-10-15
X &c III MOND w HIG.
trou. tAe Lensio,. 7IDne,. !s,nt ss

eu " 'ne ear Viii oe proclaimed from the tops Their
e people "ho srgse against IT, and enlarge ou the evil
''e'une 'ne ehpo-ore OF crime No doubt. there ar,
such evils No. Doubt, youthful passion and t,oIi.h c
rio-''y may and then 6nd their own nour.hm.,, 4
enu"-i reports and other detail. We presume the tom,
'ao' ehang- With wears, Tor really IL We ever read sny
g 'a struck u as eaiculit-d charm the manly fan
- - !" corrupt the mature mind IL Is the revelations .
Tie meeting OF tie Stockholders Of tn. Royal Briti
Bank IL - impossible ior a Inan-se s.y e,ooh.,ic.b
Respectable n',", man ~h f.irrsb ant-e-dent. or
east without bad ones, with any tail 10 hi. mann
'o' example, an Alderman or an N. P-to rise fro,
the Peu-al Of that report without bs conscious of
powers TOT the acquisition Of wealth TI, Ro,,l ,ot ~
fatef Tue Royal British road, wealth la h.s d,x.
SIMPLY Tor any dozen gentlemen dining together to arrane.
e' pats 70 seud Out circular, invite the public ger,
~ country eergymen, halfp officers sur
seOns isngton shopkeepss, spinstes Nidows and Itt
fP - i' sui less To do-to subscribe what money the,
can lhe dozen gentlemen have then TO open an ote- :
'~enty officers, II need Ue, Ia choose 4 nam. ri -
round some more crcuars SAYING everything or no,bi
ana they may proceed to real busiGess-thAtl- Is To yd
AMONG themselves the contents the till There il m
course an etiquette In these things is not the cu
tom To divide equally. The weight contributed by ,L
tame, aid other ciicunlstaces b.. taken into n.
count Then, OF course, official u.ay max. f,ir ~
VI hs oppoft ftuhitrs There Is honor among th.y.- -
are told but there Is aso difference OF merit and Won
never hnd real equality either in ditch or cellar g,o
"a bank patour.
The Royal British hank, stripped OF its l.atb., AMI
Piuta Ii- organization, its sight Offices it, charac,,
''u o'her properties, uas very simple affair A. ia,
AZ TIE nVe hundred smpetons bought the shares or ~
posted their money on the counter the gentlemen IN the
pafior took it, borrowed" IL OF .hnt-,.r H. n :;
to be called Humphrey Brown, Esq, NJ P ON. of ,b,.
directors, took 7OOOOki Mr. John Gwynn- anoth., ;rc
"r, took l4,UUuLi hr Cameron the s.cret,rv ,nk on
"vi; Ar Mullins, the solicitor, took UuI ON. ot ,b
auditors took 2,UOOt.; John M'Gresor ESQ NJ p ,
.e ehllIen financial writer aud protector Of the
n"A, took 'So1 and We are only surprised that with
- magnificent prestige, he did Ike NOR. he bsa
not hs lair share. number OF smaller n,onl h -,
OOul, among them Mr.. Oliver OF Liyvru..oi - ss
cd WIN lS,+ed[ The direction. bad also regular aIou
hee oi s,uV, year among them ior what the Pr-,.,
cal ''tooth-nouey, Tor the wear and tear nj, ,b -
ma>neA'Ing and swallo~ng what they took Tb.ss Co
,aihy arr ahou-iies IL the distribution that n,v s
lay be explained. There directors xbo tooL III,
's Al a Or al all events, returned what they toni Tn
chie clue to this inequality i-, perhaps to De uund Ia
Isct o hrir being here, everywhere a Ins.tsr ,,,
@ 's S nI, NanerOh, TIE secretary, who divided the.
o"o'! Hid There must have been degre. of .ou6,nc
net~een hiin aud some OF the directors which 81 g.
nos WITH the rest lie had come up from the couutrv and
"d h"i KNOW Tie London. way OF business. nor ;. :,
ur'is out, had hr any occasion know IL ,r nj. o.
"A Oi uoiAs business sas vast deal better He k.ut
'"e real accounts of the Bank in little book With E,,f
~ :" :" a"u pIohioited all communication between II
directors aud either customers clerks So =, 80 !;
stated by III" greener members Of the direction d
' LsdAiie SAVE that, even when A Brown was In Ih,
'" he lh-sdaile did not know of the debt I'LL called
t'e C"air IN TIE course OF the present year Mr. Oven
'hr director, little more than two wears 400 ala no,
$50" there single shareholder M ebt 70 th r..
% the amount OF lUUUUL IL was all don. do~ns,.irs
| e ~ 'ou that when he had shut the parlor door he
al nothing TO do With the Bank 80 the director a., H.
,e Pafior, anu received what inioruaton Mr. Cameron
in"S 4" give them, pocketed their fees tor Attendance
anu went nome TO dinner. Talk Of public Offices the fam
n"i,IIce7' SILVER sticks, and prebendaries what sne
nae "At o These representatives OF free people
Mercantile men oi high character Mr. C.Ineron sss,,j
n's- gehteneh would Tot come 10 ask money from,
Uu 'e! would only conhne their wants TO the gene
al 'A"ser The directors OF the Royal Rritisb R,ut
Nth its loyal and patriotic title staring in von t. -
very great thoroughfare, aud ntrusted with the fortunes
"uhuieds OF people, profess TO have known xbat
~ - as ~heh man wanted a large adv ance from
pA' In iAet they consisted OF those Who knew no.
hhg about It aud those who en,oyed Mr. Camerops conn
i'"ce that geneman himself not being Acquainted w;,b
MS own. ~ "A''"s way o'
lice Welsh works a redeemins feature in IN. bi,o
= SUI cast glow OF honest enthusiasm upon IT, A
oak mas to 50" It's Wild oats like any gentleman of pro-
etN nueed one of the directors hold. IL as -a ihs,
Bank, like minor Just come 10 his estate ,,i,,,,nI
Pehds It's money, goes through period of difficulty re-
o's' saves aud ges rich again. One touch of nntur,
makes the whole world kin and there are few nohIenn
Nho VIII not have ielow-feelng with the Bank when
ey hear the story Quite in ts infancy zone OF the rs,
commercial authorities in the city of London" recon-
"eueu 70 Its kindness parties Of the name OF Dumelar
'iu eaes, afterwards Dumelar and Swift with wbou
ne Bank accordingly opened q cash credit Tor oOol
ana discount account Of 6,O0G Very shortly "unon
I"e Sirensth OF the same recommendation the parties
were auoWed to go beyond the general limits nrc,itad
i"en (tha Is ~ the ensuing autumnJ came the first ir
tesuaues with regard 10 the paper these parties
heii tile debt TO the Bank had mounted up To so nu
"noh seems 10 nave done with wonderful buoyancy
'oateral securities were demanded and oner,d In The
shape OF Welsh works. What was 20 be done ..W
nau' says M Esdaile, "a property presented 20 us
ad II was represented to the Board that by working
the property ourselves aud getting into our hand the
plant and mineral property connected ui,b !, - sbolJ
DC aole To recompense ourselves tor the whole of the
previous delts. Who has not heard such captivating
representations, and Who with the means has not listened
them IN his mes But the dnpes In nj. ,ss ,., n,
iesh irorn college but the directors Of Metropolitan
Bank OF the most ambitious pretentons and trustee. fr
ome hve hundred rropHetors. I. is stereotyped tale
'Acep THAT Instead OF young barouct u Is Bank thar
the victim No had got the irouvorks than
the iron market fell, il always does In tbeso cases
But ust then the Bank had the good fortune to discover
coainne in their new property which however they
ould not make available without an outpit and o.Iins
and vent they set TO work and through these out
rits. and slips and their mOney flowed apace and
We do not wonder that a. Mr. Esdae told the sad tale
ne became suddenly CONSCIOUS Of peculiar appe.r,nce
oi inward suherihg-of pain OF mind. In 1858 Mr F
Clarke took the works aud speedily threw them up for
~ant OF money with lOOO he would make his fortune
~ the works returned to the Bank like Hunch,ek or
bad shilling. By this time 1883 including the original
ebt and the purchase Of the and third moreSses
With the equity OF redemption cost was about so O1I
Nothing daunted, the Bank On and hv tha time b.
works have cost IL lO6OOO exclusive OF interest on the
various advances. But appeal TO the British a.toc.
racy Is there youthful millionaire who uishes to ada
20 his countrys wealth and his the same times l.
there no noble student Of economic geology Who has moth,
ng else TO do with is time and money! is true these
uon works are nov, M Coleman informs Us "a complete
property hut Jet ~ bope thrte l. su room fur invest
eni and enterprise As the property hss swallowed up
money Tor the last SIX yesrs sversge rate OF about
i"VHH year, there H. doubtless still scope for exp,n.
hture On the very best mining authority Mr. Coleman
informs us that t be made yield profit of To-
HH. year. " We set the authority of this nameless
t'nileman against the experience Of the ROYAL British
Bank, the prOPerys worth, in Agebraic phrase = i6-
NW-r = 1859 80 o., aud se should think t an act
Of great courage to take the work only 81 wears pur
chase ~
With halt tbo directors the solicitor and one Of IN.
auditors deeply iu debt sith vast works going ON IN
"ae~ 9Th the directors shut % n the psror aud the
resi- sccounsin his desk NJ Cameron uas in com.
ntnd IT the position snd could DO what he liked not
nny ~ith his ovn, but Hith everybody elses So In fact
hr did Hi- own tuhing debt OF 8OUOOi vas OF, the
strength OF securities sad % D. worth much but a.
now apPears, only worth exactly one tenth and already
mo'tgaged over sud over again. Indeed With this gen
urmans poser Of coning Of nothing he ought
TO have done something Tor the Bank On the contrary
the Bank, like the property n Wales the more money
there was spent upon ~ the les the real value and
the higher the nominal When the Bank vas absolutely
emit fNa