, 1879-01-24

behind. It Is stated In ihc circular that "the
resources o! the bank will be considerably
strcnRthcncd by the money which has already
and viii rome into It from his estate" This Is
very. generally interpreted to mran that Sir
FredcFick'8 account at tho bank was consider
abtr ovcrlrawn. Among other things, IL Ia
sald The nccount WAS overtlsawn something like
E80 coo, mid II Ia further asserted that instead
q 1eseiynE anyshtnE. 2. Thea b. telin9utshed
the arrangement, allude1l to, whereby money
hat ''to ct,me Into the hank from bis estate
IiIis policy OF the circular WAS, at the time of
4, Issue, and st'l! moro stnee, severely crtt.
clscti, and, Instead Of tncfcAAtnE confidence, 1t
bad the directly opposite effect.
OTHER "REsouRcEs"
When the resources Of the bank CONS 10 b
kt!il further examined the prospect certainly
does not brighten. II Sir Frederick Williams
At the time ii his denth heId one-thlrti share,
t!'e remaining partne1f Messrs.. Tweedy; but
the nature Of tie resources OF the Messrs+
Iwetdg arc, 50 far - II known, somewhat In
tangible.
THB SEQUEL OF THE CIRCULAR.
on SATURDAY last, the 4!h Inst, the partner:,
Co., issucd tie following circular, which brings
the record Of the sad events far a. they have
at present developed: "Dear 8ir: We deeply
scrrra ,,a.."ra -. si.sa .,., -. ~ .",.
ard we have, unfortunately, reason 10 apprc-
turofnrn ~, mGuia ~ '1.tuea 'IeS. w nase
10 The fntcrrsfa NJ lie uarrrs1 hngv ~ mir crcd
iturs. 10 acantnd furthcr navtnanfs fnr ihr mrs
ent. Our htoks viii Immediately be placed Ia
the hands Of Messre. Ha1tlfng, Whitney & Co.,
Old +tcnry, London, public accountants, who
will prepare full statement Of our affairs, to
be suhm[tte1 to meeting Of our c:cditoIs At
the earliest practicable moment Yours fifth
fu1ty, Twecdy. Williams d Co..
THE r4Lt, OF 1nx sssronr ,rup."
rh,,. ~. - .,.o a,a... n.Is..s ,.s,.. . A.,
o,,...s .s o1g ioh ~ "s o'nest pFalc uanks u Inc
s''.,. '*yt "nsn ' nss' uns'R ~ caseer u cen
an:nea storm bas Jana tos ,c. Se.e vloie,t
ssr.n .st..1. nni aa a''a sa
',ets, xetsG "s ~ oanh Hao Erat oea' q po
nar.+or. .ara .!'tn ~ ~" ess ~ a ~ ~ a'e
p.ra.tr. ~ 1 .t e: =. n.o ,a cgn'
enc.. H. % H. Ge:nrp,siu. tes s,n,daau S
snce ~ aa'os O. aIls Lonae1sat1so eahu;oates y
was M".ys n;!;e a1erasa 80 such ~ e1teat .hat IL
....., ~ ~ - - .i'a 3".s, e ~ ~ :. .
s"sn s,, i !" ~ ~ snu a.u.aa. "a ~ u tae tona
TIE EFTEcr IN FALMOUTH
In Falmouth, = nclghboting town, where
Mcssrs. TwccAy, Williams l. Co. had an tmpor-
tant branch establishment, nearly every public
body md local Institution was In sotne MAY In
tercstcl In the hank, ~ we'll as some of the
largest employers of labor In the locality. A.
nra;Iahla for in. r,,rnos. nn.i ,nissu f,n,s ~
IL nnt ninot a. t,n rr,h"r isnu. t.s,a,. r.,x.,to
,n,,sf nnnoss,L,~ f,,io,~ N' '"'
49,. ..'..." aoo"
"e" AZ h1o"C'n-AANA OF fsotAED NOTES
HalusHD'
~ kedt1lth: where tberc was another branch
OF TIC bank, tile announcement Of Its AusDcnston
Of payment caused tile greatest alarm. Acdruth
Is ala centre OF the mining district, and when
pcople began to contemplate the probable conse-
quences OF the taturr 1u the mines In the neigh
boFhood, which 1ero known to have largely
oTerdrawn fiiGit accounts, the CONSERVATION be-
chEne general. run WA made Upon the other
bspx-"thc west cornwall Bank "--0f which
Mf. John Michael Williams, believed to be the
richest man ~ the County of Cornwall, Il the
head. Mr. Williams met the demand rs fast a.
y camc, but people htd 80 lost their beads t!,at
thcg posltiscly refused to take bank Of EnElaiel
ol having hafa cnsfl a!tl % there was n2t sl1ill
Client gold IN the bank TO pay them. Mr. Wtlltams
"as compelled to exercise hs legal right and
H.. nt thefr In trnttnn "a ui,hirsx inrno nn"n.
titles Of t!ojI have been bru,rh, tlown fr5m
London to meet apy deMuutIs tAut NAV bc n aIc.
This Rclruth LOCAL DoarJ Ind a aim 0f moncy
in n1uuu,,t 1t ts 8utIclcrtly iatrc. assuming III.
money TO he lost, 10 involve tko juhauitants In
rate which IL these ti.nca Of cxtrrino dcprcssiou
they can iii affort TO paY.
rur o1,,vu ,,rros,rn,a ,v r,, ,,,,,,, ~.
~ "a" '"' "''
=. .--.--... f"!eF' ....
At Chacewatct. another important mining
district, III: suspeuslon of the hnnk caused zen.
cE&i consters,ataoi, ~ there Wcru vcrY larEc
PERSONS, 1tln nlnsc especially Hose who have
returned from abroad with their enFtNpA, lhSn