FREE BOOKS

Author's List




PREV.   NEXT  
|<   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   76  
77   78   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   >>   >|  
ilure is to be attributed. For the last ten years every effort has been made to redeem the loss thus occasioned, but this has only been partially accomplished. The assets of the bank are, however, still very considerable, and there are real estates of great value belonging to the bank, and but slightly encumbered. We hope that in now suspending payment we shall be considered as taking the best and only step to ensure a just and equal distribution of our assets among our creditors." Upon a full investigation of the state of affairs, it was found that the total amount of liabilities amounted to the large sum of L1,007,000, and that the assets consisted chiefly of landed and mining properties of a very speculative nature. There was also a very large amount of overdrawn balances due from customers. After many projects had been launched, it was announced that the committee of investigation had, subject to the approval of the general body of creditors, disposed of the entire assets to the directors of the Joint Stock Bank, they undertaking to pay the creditors of Attwood and Co., in immediate cash, a dividend of 11s. 3d. in the pound. This arrangement was carried into effect, and "Attwood's Bank" became a memory only. Mr. Henry Marshall is, however, still living in retirement at Weston-Super-Mare, and is, notwithstanding his great age, in vigorous health, both of mind and body. The old familiar premises have now, too, passed away. The inconvenient old office, with its rows of leather buckets, and its harmless array of antiquated blunderbuses; its old-fashioned desks, dark with age, and begrimed with ink spattered by successive generations of bygone clerks; the low ceiling and quaint elliptic arches; the little fire-place near the counter, where Aurelius Attwood, with his good-humoured face, used to stand warming his coat-tails, and greeting the customers as they came in, were all so much in harmony with the staid, gray-headed clerks, and the quiet, methodical ways of the place, that when there, one might fancy he had stepped back for fifty years, or was looking upon a picture by Hogarth. It was stated a few pages back that the Bank of England, after the great panic of 1825, consented to forego their exclusive privilege of joint-stock banking. This, however, was not done without an equivalent, for the Act of 1826, ratifying this consent, gave them the power of establishing branch banks in the l
PREV.   NEXT  
|<   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   76  
77   78   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   >>   >|  



Top keywords:

assets

 

Attwood

 

creditors

 
clerks
 

customers

 
amount
 

investigation

 

inconvenient

 

office

 
counter

warming

 

Aurelius

 

humoured

 

arches

 

spattered

 

passed

 

antiquated

 
successive
 
blunderbuses
 
fashioned

begrimed

 

greeting

 
generations
 

elliptic

 

buckets

 

quaint

 

harmless

 
bygone
 

ceiling

 

leather


privilege

 

banking

 

exclusive

 

consented

 

forego

 

establishing

 

branch

 
equivalent
 

ratifying

 
consent

England

 

headed

 

methodical

 

harmony

 

Hogarth

 

picture

 

stated

 

premises

 

stepped

 

distribution