The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-05-25
The Houses Closed.
YBB ENGLISH JOINT STOCK BANK-irS EARLY AZ
AOCl ATlOHa.

The Houses Closed.
yBp ENGLISH JOINT STOCK BANK-lrs EARLY AS
soc, AT,oHs
fTnoun tho london Telegraph Nav p1
rbe R,,sh Jesnt stock RANK had cnIv r,cel,,v taken
over the bus'ness or Mes.rx Oldine a Co Samuel
Rogers post ard banker who ved y s1oko Newinrson
rson when thal Was an arslocrac COMMERCIAL subrb
old ARM aud Mr. Samuel sharp, weIl known for his
works upon Oriental lteraura and member of many
learn I'd socicties Was also al active partner in the
house IL x M fault of anv of the mombcrs of that ga
,abshent thAt lhc Ene,,si Joint Stock Hank has suc
cumSed Tkey mostly belonged 70 wealthy Unitarian
amiLes ard held high soc al position II was only
natural that old ASSOCIATIONS shoud be brought To The
receAection of mapy who in pt were connected
with he business OF the earlier ,ns.tutop Among the
srcsad ~ nv" s.o he scens 81 Is
carer
PROsPECTs OF OyEREND GURNEY AND CO.
from tho London Economist Nav lOl
The name Of Mr. John Henry Gurnoy is guarantee Of
solid wealth. and that of the other continuing partners
Tor sound and careful management VIII. they are len
10 themselves and can act without disturbanc as they
Ike Therefore we entirely approve Of the step which
the Of handing down poster,ty the historical
name of "Overs.d" II is not without value 70 have
politics. they stimulants industry Incentives
prescrvaiive caution the the under
that no kind Of speculation presents greater diversity
fortune than discount companies The success
depends on two causes First, what amount Of
other peoples money the company get hold Of aud
OF money which Overend's have left with them nj one
knows anything Tho governor Of the bank said ID
1857 :-.'Can you to the committee, general
ierms what is tho amount Of such deposits In the hands
Of individual houses? have D0,naeans Of speak ny
cdedly, but know that broker had IA, 600 600
another IS 500 600, and third We supposed to nave
above f6 co., QUO speak OF deposits with brOxers'
And the xs. 900 600 doubtless 'Overends" though
whether the governors superstition was correct, or
whether their means have increased or mnished g.
that time, cannot tell Larger figures though with
out any authority, nOat at random In the market Any
how, Overend's must have much money left with thcm
and doubles all Of WI. remain under the iirm
as under the old. The house Is not weakened, but
strengthened by what hns occurred As TO the manage
ment there ought 10 be- and must te great traditional
knowledge and skill in concern which has been very
profitable 50 very long, and where such vast sums have
gradually been made.
nAIneus comPeny, AverPool.
AI"AA mn AAiio"S W uns AANA'1AsNr w THE
CONCERN.
ROLLS COURT LONDON, NAY s.
Before tue Master OF tho Rolls
an re bdmtds DdMMg " mPdny-Mr sciwyn Twin
whom was mr. Cotop) appeo ON ocha'i OF TIE Bank OF
England Tor an order Tor the compulsory winding up Of
TINS company on Tue ground uat the voluntary winding
up now progress mish De SUBJECT 70 undue local IN
nuencc and on m aieeauoh tnat the opposition 10
compulsory winding up was mainly pst9ated by the
deiunct BANKS LveIpooi creoitors ana py parties VINO
were Interested IN inc eank previously 70 us having
Bank Q! England CLAIMS 70 DC creditor 10 the extent OF
about tnrce nuhuIed Thousand POUNDS "a.
MI bagganay, MI lesser anu MI. hfkewlcn also sup
ported tne Pcon ioLA compulsory winding up on Do
hai OF some credors 70 Tue extent OF several thou
-sAno Pounot =. -,
MT southgats, MI. hoolnson ana MI north opposed
me grsnuhR On an otoer ior compulsory winong up as
peipg contrary 70 tne WISHES Oh the great pooy OF mise
cured cieoos anu ask.o tna' ~ any te me petition
~ a. % no. %na oyer un, 'ne nrst gay OF
tem 10 oroeI snat the snes the general share
noicersimsh'Se AnVassed IN the meantAmeand put IN
'evIaence
to connrv ,nd "v IN mnds an oraer
coul-hrs because the assets OF the company could be
oy an S"ca, nqudasor than oy pro-