Friday, July 23, 1830

Circular To Bankers

Location: London, Middlesex

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Text Content of Page 1 of Circular To Bankers on Friday, July 23, 1830

Circular To Bankers (Newspaper) - July 23, 1830, London, Middlesex win I Li No. 105.1 FRIDAY, JULY 23. 1830 WE have refrained from making any further observations without any knowledge of each other, and without any on the subject of endorsements on Bills-of-Exchange, be- participation of information respecting th I sep from the great importance of the matter, it is des rate plans. We insert, in another part of the present ble to refer to the law and the practice, according to the Number, a Prospectus, issued more than two years ago Statute and the decisions of the Courts, at one and the same Mr. J. D. Daniel, a Clerk in an eminent Banking-H time; that the Rule confirmed by experience, may appear in the same page: and we are not able to do this, effectually, at the present moment. This explanation will be understood London. It will be seen, on examination, that the suggestions in this Prospectus greatly resemble those issued from Gloucester, which were led in our last Number by our Correspondent who has so kindly directed our atten- the Clerks of Messrs. Russell, Skey, and Co., were action again to the subject. We, at the same time, beg leave quainted with this circumstance, they would have acted to thank him for his opinion and the information relating with discreet candour, by acknowledging the source whence to this matter} which he has transmitted to us. they derived the outline of their own plan. For, undoubt- edly, as far as we are acquainted with the facts, to Mr. J. D. Daniel, a Clerk with Messrs. Glyn, Hallifax, and Co., In proceeding to thank another Correspondent, for his belongs the merit of originating it. communication relating to the subject of forming a contingent Fund for Bankers1 Clerks, to serve them in cases < loss of health, casualities, old age, fyc, we must express 01 satisfaction and pleasure at observing the generous interest It will, when accomplished, afford to them additional This, however, compared with the object contemplated, is an unimportant circumstance. We have no doubt that that object will be countenanced by the majority of Bankers. which he takes in the measure. d nd be the mean If a plan, like that which has been suggested, be properly them f ifidence, t ty and trouble. The Clerk relieving 11 ha ve begun, there can be no doubt of the capability of bringing reason to be more contented with their condition, and they to a successful issue. From the feeling that has been mani- ivill have less inducement for quitting their occupation ; jested to us, on the subject, we are more apprehensive and the Bankers will be relieved from painful solicitude for undue precipitation and zeal, than of a want of general in- those Clerks who are advanced in life and have no provi- terest in the undertaking. We should be most ready and sion for old age. It should not escape our observation, anxious to be made, in any manner, instrumental in aiding that such a resource as this will present a motive for fru- so just and necessary an object; and, after comparing the gality and prudent conduct, and furnish, at the same time, suggestions of different individuals wh(k have taken a great no imperfect test of the habits of those who contribute concern in the matter, we will, in an early Number of the Circular, take the liberty of submitting our views of car- rying the plan into execution. From the necessity of such an Institution, which has, ue many, it is not to it. We know a gentleman-a most worthy and upright who had been, many years, a Clerk in a Banking- erson know, been felt, with great solicitude, unnatural to suppose that somewhat similar suggestions relating to the subject may have been presented to the minds different individuals, in different parts of the country, No. 105. V House. He had no wish to quit his employment, but such created by the consciousness that it afforded h no hope of providing the humblest competence for old age; and h employers were ly desirous ng h is services. If there had been any such Institution as that

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