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Circular To Bankers Newspaper Archive: November 21, 1828 - Page 1

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Publication: Circular To Bankers

Location: London, Middlesex

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   Circular To Bankers (Newspaper) - November 21, 1828, London, Middlesex                                t wans <     i 4   I t No.. 18] F 1 "�      ' '     ?    * FRIDAY, NOVEMBER 21, 1828 h       * TO OUR SUBSCRIBERS. - F Sms I to several q pectin g   a   projected 4 successful instances of charlatanarie, that has yet been exhibited to the public.   It is created by no want expe- ced by the coun th General Banking establishment for London and tl try, which drew from us some animadversions in number of the Circular, we answer,-that the pi into print, in the. hope of exciting the attention of men d ity; it is produced by no ) doubt of the stability of th last g bank d it cannot be attended with any reasonabl P hope of profit or advantage to the proprietors.   Taking f � the Joint-Stock Banks that have be pital and influence to the subj The projector hira- d Ireland, d g the last th h 4. years self, no doubt, would be glad to have it thought, that the    labour, time, and expense bestowed upon d in England t after all the w m, to render 1 a cheme has been received with favour by men of property 1 |L L      � but we believe, in the present state of the matter, the pros-pectus is a mere outline of an undertaking, which he would be glad to aid in carrying into execution. h opinio] with si their business lucrative, there is no one (but that at Lancas ) which any set of judicious capitalists would take up, o d f g ork it in the same manner It is our has b worked d retain same class of II that there is no chance of such a plan meeting cient encouragement to bring it to maturity. The case is, however, different with the projected Joint Stock Bank in Manchester.   There, not only is the basis, or ground plan, for a very extensive Bank formed, but the 1 s * customers.  It is monstrously absurd, or perfectly childish to rSfer to the success of a bank after if has been in exist- jars.   The man that ruined Wentworth's Banki y by his management of them, could refe recently purchased estate of, great va pointing to to deniabl t      * mber of shares in th bscribed for It itended associated projected, too, up   I the perience of the last three y be found, in sufficient    very nature of the communications between the parties mbe ge a project like th in th ty generally implied by the of the intercourse, that of Lancaster, which abounds with the wealthiest and it is li lly, observed by  discreet ers :  and 1 table Bankers, anxious to perf the bank - v      1    i trans- abuse of confidence by a Banker cely an instance h V'Jii\    OIL  �Ji    r-Jili   ...... i to our KnQWledge ot fthe I try on the cheapest and best terms. IS i, looking at all the circumstances, one of the mo No. 18. mifest that that is! not likely to be the case, when there are ten   

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