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    Untitled Article

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    Untitled Ad

    UNITY JOINT STOCK MUTUAL BANKING ASSOCIATION . PRINCIPAL OFFICES . Unity Buildings , 8 and 10 , Canaon-street , City . U 3 CESTEB-SQT / ABE BKANCH . 1 , Sew Coventry street , Leicester-square . CLOSING OF THE SHAKE LIST . The directors are happy to announce that in consequence of the laree number of shares that have been allotted and paid upon , toe sbaVelist will be closed on Friday , the 30 th November , after which date no applications will be received . Arrangements have been made which will enable the bank to commence business early in January next This bank , to be incorporated by royal charter , is established for the purpose of founding the principle of MUTUAL BANKING whereby customers , who create the profits , become entitled to a participation in them , by way of interest on their cash balances . The principle of mutuality has been for many years acted on by insurance companies , and their policy-holders have participated to a very great extent in the bonuses , with much advantage to the institutions and the shareholders . By banks , however , to this period , MUTUALITY has been negected . The whole of the profits resulting from successful operations have been given to shareholders only . ADVANTAGES OFFERED BY THE UNITY BANK . I . To shareholders , 5 per cent ., from the date of payment , on all paid-up capital , as well as 50 per cent , of the profits . II . To customers , in addition to the ordinary amount paid on deposit and current accounts , interest on their casli balances , equivalent to 50 per cent , of the profits . This is the plan on which the Unity- Joint Stock Motdai , Banking Association is established . By it is created , for the first time , an identification of interest between the customers and shareholders of the bank , who thus become mutually concerned in the extension of its business . It will bo the means of opening up new business , preserving a connection once formed , and productive of practical benefits to the public generally . CONDITION OF LONDON JOINT STOCK BANKS . The success of joint stock banks in London is readily admitted , as well as proved , by the statements periodically issued by tuose great commercial institutions . In support of this , the following table is submitted , showing the condition of each of the six metropolitan joint-stock banks which have published accounts , the original cost of the shares , their present market value , and the dividends pa > able thereon : — J ] ^ IliJllj NAMKOPBANK . | gg |« | | ; & 45 £ m q ' ' ! £ dB \ £ London and Westminster 18341 , 000 , 000 20 47 1 G ,-London ~ Joi . it Stock 1836 600 . 0 U 0 10 j 324 25 ] « Union Bank of London 1839 422 , 900 10 30 | 20 ( a London and County 1839 3 a 4 , 135 20 39 J 12 f * j Commercial Bank of London ... 1840 3 ^ 0 , 000 | 20 31 10 I M Koyal British Bank 1849 100 . 000 50 ... 6 & The above banks publish the following facts with regard to their positions : — .,,.,. . ¦ ..- ,. fcft * I . The entire amount of subscribed capital in tie six jointstock banks in London is 12 , 704 , 2002 . II . The amount thereof paid up is 2 , 817 , 035 Z . HI . Tho amount of deposits , or customers' balances , is 39 , 376 , 4102 IV . The total number of shareholders is 4 , 097 . V . The number of shares issued , 187 , 084 . Thus is presented proof of known security , extent of business , and general financial resources . These e .-tablwhinents hold h , alf-yeorly nicotines , and lay before their connections full no ¦ counts of their progress and general operations . This course cannot fail in inspiring with confidence all who have any dealings with them , while it gives to the public the means of ftnming an opinion as to their responsibility . INCREASED VALUE OF JOINT STOCK BANK SHARES . It is proved to demonstration , that joint stock bunking , under proper supervision , attbrdB a most legitimate and unuHunlly profitable field I ' or l ho investment of capital . The dividends paid by the banks above quoted vary from 0 to 20 per cent ., andthn latest quotations of their shares show an increase of from 6 ft to 225 per cent , on iho paid-up capita ) . The real increase , however , in the -value of the shares may bo better understood , b y tho fact ' thattHo paid-up oi >|> iial of these six banks ia 2 , 817 . 03 !)? ., and that its present market value is ( 5 , 912 , IKil . It lino thus increasoU twoand-a-hiilf fold , so that every 11 . has now becoino SI . 10 s- and there is evory propect of this amonut continuing to increase in vuluu . COURT OF DIRECTORS OF THE UNITY BANK . oovEimon . J . , T . MI 3 GIII , KHf | ,, Tlptreo Hall , Kulvodon , Essox . WILLIAM JmHICI'II liHUOK , E » rj ., 10 , Duke strocst , Westminster and Ia , lly < le-park-placo , Cumberland-guto . G . L . P , EYltE , K * i . ( Mims . Trmder and liyru ) , 1 , Julm struct , Bodford-row . THOMAS CAULYLE HAYWARD , Esq . ( Mcshi-h . ITnywurd nnd Sons ) , 93 , Mlnori hj utiU if , Highbury-park No . tli . MAJOlt HKNllY . STONE : } , LL . B ., 33 , Noitiiigliimviilucc , Ki :-gont'H-piirk RODUUT OAKLAND , Esq ., Thames-ohambora , York-buildings , Adclplii , and Uelflore-lodgo , Highbury . THOMAS U . 1 JAYL 1 H , Esq ., Cannon-street , City ; and 4 , Not-UiiKliaiu-Lorrucc , York t ; ato , lttigtint'a-pnrk . Dr . LLOYD , 4 , iiilfidk- place , Pall-mall . IlOBIillT JAMKS SNAl'U , Esq ., 2 , Stone-buildings , Llncoln ' rtinn . B 1 > WARD OOULD BKADLliY , Eb < i , lleutliland-lodgo , Hmiip-BtClul MAJOlt MAUTIN MULK . EUN , Ightnold-hou-. c , Al « oi > -terraco , Kcg « nt'H-piirk . BANKERS . THE LONDON AND WESTMINSTER HANK . SOLICITOR . THOMAS TAYLOR , Enq ., 27 A , UucUorsbury , London .

    Untitled Ad

    | S BROKERS . Messrs K . and S .-SCTTO'S , 22 , Royal Exchange , London . GENERAL MANAGER . GEORGE CHAMBERS , Esq . ( from Messrs . Barnett , Hoare , and Co . ) SECRETARY . HENRY LAKE , Esq . Each of the directors is duly qualified , having subscribed for twenty shares , and paid the deposit of 1 , 0002 , in accordance with the deed of settlement . THE NEW PRINCIPLE INTRODUCED BY THE UNITY BANK . Reeardine the distinctive principle of the Unity Bank , it has been su-gested that there must be a detraction from the profi s of the shareholders , bv reason of 50 per cent , being given to the customer ! of the bank T his idea can only have arisen however , ^ The ^ T ^ ^ i ^^^ a ^^ bi a customer The amount of profit must therefore , be governed zF ^ ittts&ss ^ & ^^ fc and that 50 per cent , of the profits , extending over large fransactionsj may be far greater than 100 per cent derived ftbm more circumscribed business . If , then , the c ^ omers of a bank constitute its profits , the customers should he induced to transact their business vvith the bank , and thereby the profits of the shareholder , instead of being reduced , will bo augmented . The inducement held out to the customer however should be such as does not involve or complicate the business of banking . It sh uld not be by the promise of some peculiar accommodation , or some particular and increased r ate of interest , or by any departure from that sound system of joint-stock banking which has stood the test of years of experience , and procured so great prosperity . But it should be , as it is in the Unity Bank , an advantage which interferes in no degree with established principles , but merely allocates a portion of that which has already been declared to be profit to those who have been tho makers of it . Assurance companies have been accustomed to apportion certain of thenprofits , by way of bonus , to their assurers ; and so general has become the recognition of the right of the assurer to this participation , that no assurance association would now be established without this essential to success . The justice of the principle consists in this—that as the assurers make the pronts ot the company , they ought to toe participators iu its prosperity . What is iust in assurance will be found just also m banking . The customers of a bank make the profits of the bank , and they ought also to be participators in its prosperity . It has been asserted , also , that the 50 per cent , of the profits proposed to be divided , while it would detract from the prouts of the shareholders , would be but a trifiing benefit to the customers . It might , in the first place , be replied that no benefit is considered "trifling" by those who rightly estimate pecuniary affairs ; that the benefit , if trifling , is in addition to all the other benefits usually derived by banking at a joint-stock bank ; and Lhat no correct data can yet be formed of the profits which will be made . On the other hand . it must be remembered that ] bitherto persons have taken then- banking account where personal feeling , accommodation , or convenience of locality , might lead them . Now , for the first time , by tho introduction of the principle of mutuality , self-interest is appealed to . And i when to the large number of the public attracted by this all- , powerful stimulus , is added the number of the connections of i the Unity Insurance Associations in all parts of the country , who ; have a peculiar identification with and interest in us success , it may fairly be stated , that antecedent data are not sufficient to . form an estimate of tho advantages which both the shareholders and customers will derive from the Unity Bank . Great difficulty exists in estimating tho effects likely to bo produced by the establishment of this new and most desirable feature in banking . It is one that must become highly popular with every commercial interest , and with every class of the public , because tho simplicity and advantages are at once to lie 8 C To tho > egreit ' commeroial bodies which are compelled to have largo cash balances constantly at their bankers ' , it will prove to be ii serious consideration , and a most important source yr prolit . The railway , dock , gan , water , stomn navigation , insurance , and other companies , professional men merchants , brokers , Bentlemen of fortune , and trader * of all kinds , will duly estimate tho difference in the system now proposed , from that heretofore existing In fine , as joint atock batiks become ft public necoasliy , as is now proved , bo will Hie principle of mutuality—whereby these admirable Institutions may i > e renderod still more sorvioeablc to the public , and In no way loss safe-demand tho best consideration of the community < it largo . BUSINESS TO BE UNDERTAKEN , All tho usual business of banking will bo undertaken ; and arrangements will be made for extending tho transactions of tho IJiink In every desirable quarter . fUHUKNT AoootiNSH will be made up half-yearly , namely — to the 30 th of Juno and the 81 « t of Doouinber , and the interest will bo nllowed at the rato of til . per cent , on them . ... IHii'ohit Accounts , —With mspect to tlieno , the rate of In- ] U-rvttl allowed on money plticod at woven . lays' notice ) will bo 11 . per cent . , under tho nilu of discount on flrst-cla »» bills adopted i by tho Hank of lCngland , regulated thorohy . The bank will « give receipts for tho sums ho dopositod , or , for the convenience of depositor * leaving Ki > t , 'lund , proiniunoi-y n . > toa , or bills , Including interest an well an | . riuulpnl , "t not lean than bIx mouths date . Tho bank will undertake ) the . nf ? onoy of country and foreign banks whether Joint HtouU or private , and will afford ovory ucci . iniiiodatloii to tmv . lloni und i . lh « rn , with rc »| iuct to circular nutes and letter- of cn » llt . It will receive all kind * of income ' for itn cuhtomoi-M , Uieluillnif uiiiiuI'Iuh , dlvldoudu , military , naval , ( and eivll olHcern' pay . It will unil . irt . iko tho aalo and trunHler ol mock in the public funds , ( uc . ; and will b . i r .: « pon « lblo for the HUe custody of title duo a tin . I « tlior m . 'uurill « s belonging to it « ] ouHtomera , to which thoy will at all timtm luivo convenience of ( ""^ plications for prospect usoh and fi , rm « of application for the ri'imiiiiinir oharen , to bo umdo to Uwi . irs , It . und J . Button , stock broku'B , av , Hoyiil Kxolimitfc ; or to tliu uecroniry , ut theprlnclpal offlcca , 10 . Cannon- *™ ., City . ^^ ^^ Bocrotary . FORM OF APPLICATION FOR SHARES . TO THE DIMKOl'OUB Oil T 1 IK UNITV JOINT-STO 0 K MUTUAL BANKIN ( J AHBOOIATION . Oentlemon , —I request thut you will allot p shares of UHH ouch in tho ttbovoimiiooiiition s and In oonniderfttion ol euoh allotmont , or uny Iobb uuiulier jou m » y appropriate to mo , I hereby undertako to puy tuo deponit , ov lfrflt call of 101 . per

    Untitled Ad

    UNITY JOINT STOCfc MUTUAL BANKING ASSOCIATION " , Principal Offices : Unity-buildings , 8 and 10 , Cannon-street , City . CLOSING OF THE SHARE LI 3 T . NOTICE is hereby given that no further applications toe SHARES in this Bank will be reoeived after Friday , the 30 th of November . By Order , HENKT LAKE , Secretary . Unity Buildings , Oth November , 18 S 6 .

    Untitled Ad

    Just published , price 2 s . 6 d . ESSA YS for the AGE . By C . P . HOWARD , Author of " Perseus and his Philosophies , " " Olympus , " « fcc , &o . J . K . Chapma . it and Co ., 5 , Shoe -lane , Fleet-street .

    Untitled Ad

    Just Published , Crown 8 vo , Prioe 6 a , THE RATIONAL CREATION ; an Inquiry into the Nature and Classification of Rational Creatures * and the Government which God exercises over them . By the Rev . J . BROD IE , Monimail . Edinburgh : Thomas ConStablb and Co . London : Hamilton " , Adams , and Co .

    Untitled Ad

    Small 8 vo , price 3 s . REF UTATION of SPINOZA by LEIBNITZ , recently discovered in the Royal Library at Hanover . With Prefatory Remarks and Introduction , by tho COUNT A . FOUCHER I ) E CAREIL .. Translated at his request , by the Ref . O . F . OWEN , JM . A ., F . S . A . Rsctor of Burstow , Surrey . ' A complete answer to those who believe Leibnitz to have been an admirer or disciple of tho great materialist philosopher . "—Guardian . Edinburgh : Thomas Constable , and Co . London : Hamilton , Adams , and Co .

    Untitled Ad

    Now ready , in Post 8 vo ., -with Plates and Chart . Price 10 s . 6 d cloth . T WO SUMMER CRUISES with the BALTIC FLEET : being The Loo op tub " Pet" Yacht , 8 tons , R . T . Y . C . With an account of the Battle of Bomarsund , and tho Bombardment of Sveaborg . By the Rev . ROBERT EDGAR HUGHES , M . A ., Fellow of Magdalen College Cambridge . " - London : Smith , Elder , and Co ., 65 , Cornhill .

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    THE POSITION OF WOMAN IN BARBARISM AND AMONG THE ANCIENTS . See the "Westminster Review" for October . " The article is full of knowledge , fall of sense , full of feeling , without any nonsense . It is fresh through tho full presentment of a vast amount of interesting facts , and not at all from any wild suggestions , or novel speculation on tho condition and prospects of womankind . "—Daily News . 'A laborious collection of facts respecting tho laws to which woman hus been sabject in barbarian nations , both ancient and modern , and a presentation especially complete of the Roman la . vs ibout women . The industry with which these data have been collected , and the interest , as well as entertainment of tho facts Jiouisclves , make tlio paper extremely valuable , as well as very amusing . "—Leader . "An excellent and very entertaining article , of which too much cannot bu said in praise , whether as regards its execution , or its o hj e ct . ' '—Observer . " We doubt not this one article alone will , as it ought , ensure ' an extensive perusal of tho current number of tho " Westminster Review . "—Hrighton Gazette . London : John Chapman , 8 , King William-street Strand .,

    Untitled Ad

    Second Edition of ENGLISH DEMOCRACY ; By J . A ; LANGFORD . Foolscap 8 vo ., price Is . NOTICES TO 1 IIB FXU 8 T UDITION : " Distinguished by variety of information , liberality of viow , and , in general , by sensible , acute , and accurate thought . " — Iloqg ' a Imstruvtor . '' Well written , and is tho condensation of an important and ample subjuct . " —Weekly Dispatch . " We can only hope that its success may induce its author to treat this important and interesting themq in a larger and more elaborate work . " — Hirmingham Journal . ' It Is writLr ii in a clear , calm , dlspassionato manner . * * The ruudcr will ccrtninly bo charmed as well an instructed by this book . '—Jiirminijharn Mercury . "Munly and truthful sentiments . Wo tjincoroly trust that Democracy will novcr have its causa defended by an advocate Ich . 4 eloquent and loss honest . " - —Wrexham Advertiser . " Amid all the disputations about . Democracy , \ t la strango that thib . should t > o tliu ( lrnt attempt to write lt . s English History . It ought to bu a popular book . The whole desurvcM study , and tho two List chapters on * Democracy—its Principles , ' and Democracy— its Mouiib , ' deserves criticism . Wo moan to murk our . U'li-io of tho merits of a book when wo say it doxcrves jritlolsm . " - Jieasoner . London : Koiikbt Tiirobald , 20 , Patomostor-row .

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    SWUDIONUOIIO'S THEOLOGICAL W 0 UK 8 . HEAVEN AND HELL ; Also , the INTERMKWJ ATE STATE , or World of Spirits . Prico 8 » . —with Hartley ' s 1 ' iofacc , JJa , 6 d- , CON . IUGIAL LOVI 3 , and its Chaato Dollglits ; also , Adulterous Lovo and Its Innano Pleasures Prloo 4 a . THIS TUUU CIIKISriAN BELIGION ; or tho Unlvoraal I'licology of the Nmv Church . 914 pages , demy flvo ., 7 « . Bunt pout or currluffo free to any addrcsa . Comploto Cataoguus of SWEDENBOKO'S WOUKH , raay bo had on , implication . Swedcuborff Socl « ty , 30 , Bloom » l » ury-8 troct , Oxlbrd-otroa t London . _________»

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    ROBERT OWEN'S WORKS ; explanatory of tho HUIUlOUNDIN'aS required to prodnoo Uin MILLENIUM IN VKACTICE , or the " Now KxijtjincH ol M » n iiipoa tin , Earth ; " with Home curious NEW BPUllWAL . MANIFkar V A 'V 1 ON 8 Part 7 n ' ow published , price 2 s . Tliose dealroiw oV «»;} l « r-HtiindiiiR the revolution now in r . pid projfrew over the civilised world , should road and Btmltthese WorJcj . - * -- « * London l ' ubllalied »> y Uouvoakm & Co ., 14 , 7 , Floet-atree ^ Outwh & fi "" 223 , l'iooadlllyi IIbvwooi ) Manohenter au * w , Blri « toBU « B ») Sxuaut , Liverpool } DavibGhhbit , Leeda

    Untitled Article

    Kbv . " l «^ t / ¦' - THE LEAPER . Itttt

• Citation
  • Leader (1850-1860), Nov. 10, 1855, page 1091, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2114/page/23/