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The Freemason, Oct. 8, 1870: Page 9

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    Article CHAPTER WORK. Page 1 of 1
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Page 9

Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.

Chapter Work.

CHAPTER WORK .

By J P . LITTLE , Grand High Priest Grand Chapter , Virginia . ( Concluded from page 477 . ) THE MARK ITSELF . Every Mark Master is required , and should be compelled before he is exalted , to choose and

record his mark . This duty is too much neglected . The council of every Chapter should be a committee to examine and receive these marks , to see that no improper mark is selected ; yet a wide liberty of choice should be allowed . The Scribe should keep the Mark Book , and no mark should ever be changed ,

except for good cause . We have always placed the mark within the letters arranged in a circle . Yet I have before me , in the title page of an old volume of Divinity , written in 1629 , these letters arranged in the form of an arch . This probably was the more ancient custom . This

old divine , John Boss , Dean of Canterbury , places his mark under his name on the title page of his life work . It was a good and honest custom . A Mason can not part with his mark . It serves to identify him ; it represents him ; it is himself ; not only is it a proof that he is qualified to perforin rightly every work of the Craft , but it is his support in time of

need . By it he pledges himself to the performance of any duty promised ; it is a sacred token , and its use involves his Masonic character . And , beside the friendship taught and the charity inculcated in this degree , it is impossible for Mark Masters to remain iu difficulties or quarrels with one another when so easy a means of becoming reconciled is afforded by its lessons and practice .

CIRCLE OF LETTERS . These English letters—H , T , W , S , S , I , K , Lwhich form a distinctive mark on every keystone , and which we translate into a phrase of our language , have puzzled many of our brethren by their being ,

in their present form , of unmistakable modern origin . To satify those doubts , it maybe necessary to inform our brethren that these letters in their original form were zodiacal signs , showing a knowledge of astronomy , and were in this form the mark of a very distinguished architect and leader in our Craft .

OFFICERS OF A MARK LODGE . Lodges held under a Chapter differ from the lodges on the three first degrees of Masonry . The Captain of the Host in the Chapter is still an officer of the subordinate lodges . He bears the name , however , of Master of Ceremonies , ancl as such ,

under the orders of the Master , is a very important officer , and has a great deal to do in the proper performance of the lodge work . In fact , the Master in those Chapter lodges has two especial officers , the the Senior Deacon and the Master of Ceremonies , and give to either any orders he may see fit . It is

better to give these orders to the Master of Ceremonies than to the Senior Deacon . The latter has specific duties prescribed by Blue Lodge law ; the other is a general officer—an officer at large , in point of fact—whose duty is to sec that everything is

properly arranged , that every subordinate officer performs his own duty properly , and who is to exercise a general supervisory care over the whole working of the lodge . It is an important office , and on its proper performance by a competent and faithful officer depends the prosperity of the work .

CONCLUSION . "Son of man , mark well ancl behold with thine eyes and hear with thine ears all that I say unto thee concerning all the ordinances of the Lord , and all the laws thereof ; and mark well the entering in of the house with every going forth of the sanctuary . '

In the Hebrew this command , mark well , is strong ; it is Shim Libbekah , grasp with the heart . Not simply notice and remember , but take into your very being and hold it as your heart docs your life blood . In the proper observance of the laws of God is our life ; see that they are kept . And the

entering in of this house and the going forth of this sanctuary , what docs it mean ? Is it merely the tiling of the lodge , the guarding of the outer courts ? Does it refer only to Masons when assembled ? This , truly '; but much more than this . Every Mason is himself a sanctuary : his body is a true and holy

temple . Let him see that its outer courts are ever duly guarded ; that nothing unclean , impure or unhol y ever leaves or enters it . This degree teaches 1 lesson and gives a warning . It teaches in a peculiar manner the lesson of equality . Every lodge is a- vineyard ; we are all labourers toiling , studying in the search for truth ; for study is time labour ,

and work is true worship . And in this vineyard lod ge the wages we receive for our toil is truth—one and the same for all , no matter when the labout may have been begun or how long it may last . All are on a level ; all toil alike , and the same wages is for all . The youngest who enters at the eleventh "our may find that which the eldest never obtained ; and thus the last being first , the level of a perfect

Chapter Work.

equality is kept up , and all are benefited by the discovery . As the same trials are for all , as all work must be perfect before it can be received , the labour of one assists the work of all and the building is rendered complete by the combined and equal efforts of the whole lodge . Thus , perfection in every

part , that there may be completeness and harmony in the whole , is taught in this beautiful degree . And now , in the words of one of our wisest men , I charge and warn you , my brethren , that you be careful to receive no wages in the lodge or in the outer

world that are not your due . For if thou dost receive such wages thou wrongest some one by taking that which , in God's chancery , belongs to him , whether that thou takest thus , be wealth , or rank , or influence , or reputation . DEUT : xv ., 7—11 .

This degree should be closed by reading the following passage of Holy Writ , of which every Mark Master will at once see the obvious application : — If there be among you a poor man of one of thy brethren within any of thy gates in thy land which

the Lord thy God giveth thee , thou shalt not harden thy heart nor shut thine hand from thy poor brother ; but thou shalt open thine hand wide unto him , and shalt surely lend him sufficient for his need , in that which he wanteth . Beware that there be not a thought in thy wicked heart , saying , the seventh

year , the year of release , is at hand , and thy eye be evil against thy poor brother , and thou givest him nought , and he cry unto the Lord against thee , and it be sin unto thee . Thou shalt surely give him , and thy heart shall not be grieved when thou givest

unto him ; because that for this thing the Lord thy God shall bless thee in all thy works , and in all that thou puttcst thy hand unto . For the poor shall never cease out of the land ; therefore , I command thee , saying , thou shalt open thy hand wide unto thy brother , to thy poor , and to thy needy in thy land .

Poetry.

Poetry .

—?—MASONIC CHARITY . [ Written to be set to music as the words of a war-song , if deemed worthy the honour of acceptance for that purpose , by any Masonic gentleman who is also a musical composer . ]

Brethren , be kind to the sufferers by war , Remember we none of us know ; How soon the cold chill of misfortune may come , And darken our pathway with woe . How many who now seek our pitying aid , Life ' s comforts and blessings enjoyed

Till a turning point came , and adversity ' s shade Their hopes for the future destroyed . ( Chorus . )—And now , at this terrible season of war , Let us hasten to lighten the grief Of widow and orphan , of wounded and sick , And strive to afford them relief .

Yes ! let us be kind to the sufferers of war , Nor suffer political pride To cause us with careless indifference to turn From desolate beings aside .

'Tis true the hard-hearted may frequently frame An excuse for withholding their aid ; But who with a heart to compassion inclined , But deplores the distress war hath made . ( Chorus . )

Think brethren of lov'd one ' s whose heart-strings arc twined Round thine own by affectionate tics , And forget not the misery that falls upon some When the parent who chcrisli'd them dies .

Oh ! Masons , be kind to the sufferers of war , And remember our Father above Enjoins us in scripture to " lend unto Him , " And looks on the gen ' rous with love . ( Chorus . ) S .

LINES ADDRESSED TO A BRIDE . [ Written on reading the announcement of the recent marriage of Miss Farnfield , daughter of Bro . W . Famfield , V . G . Assist . Sec ] Gentle bride , may ' st thou be happy , Is the writer ' s earnest prayer ;

May our Heavenly Father keep thee 'Neath His kind ancl watchful care . May the husband thou has chosen Prize the treasure he has won , Ancl thy future flow on smoothly , As 'tis joyously begun .

Through life ' s scenes of shade and sunshine , Though , alas ! by Fate's decree , Changes—both of grief and gladness—All who dwell on earth must see . Still may roses strew thy pathway , Blooming in the light of love , Ancl when life ' s fond scene is closing , May thine hopes be fixed above . S .

Royal Bank Of Ireland.

ROYAL BANK OF IRELAND .

The annual meeting of the proprietors of this bank was held on September 28 th , at the offices , Foster-place , VALENTINE O'BRIEN O'CONNOR , Esq ., in the chair . The CHAIRMAN , in moving the adoption of the report and statement of accounts , said the exceptional amount of bad debts this year was a source of much regret to the

directors . This arose principally from the failure of one of the large corn merchants , whose firm commenced doing business with the bank in 1 S 5 S . At that time they stated that they had a capital of . £ 42 , 000 . The account of that firm was very profitable to them , and they now lost . £ 20 , 000 by it . In one year alone the bank made £ 6 , 000 on the account in commission and discount .

Some time before this firm stopped payment , the directors considered that the amount due to the bank was too large , and they required it to be reduced . This was immediately done , and the firm opened an account with the Bank of Ireland . At this time the bank held over £ 60 , 000 of their endorsements and securities , which were considered as good as any bank could desire . He might

also mention that the transactions of the firm with this bank averaged over £ 500 , 000 a-year , and that the profits of the bank on them averaged . £ 3 , 500 a-year . Another bad debt occurred in the Smithfield branch—a sum of £ 5 , 000—by cattle dealers , very respectable persons , doing a large business , and at that time having a large sum of money to their credit . They got permission from

the manager of the Smithfield branch to overdraw their account , which they did from time to time , and at last one of them left the country . Though it was through the manager of the Smithfield branch they had sustained this loss , he ( the chairman ) should say in justice to him that he was a most zealous officer of the bank . They could not expect to do a very extensive business and to

make large profits without some time meeting considerable losses . ( Hear , hear . ) Great , however , as had their losses been this year , they could pay them all out of their profits , and give a dividend of . £ 3 iSs . 8 d . per cent , on the paid up capital . ( Hear . ) He was happy to say that they had now as their managing director the same gentleman who , by his fostering care , had brought the bank to

its present state of prosperity . ( Hear , hear . ) The chairman concluded by moving the adoption of the report . Mr . THOMAS DOCKRALL , Kingstown , said the report presented anything but a prosperous state of things . He congratulated the proprietors , however , upon two items in it—one was the accession to the board of Mr . Robert

Warren , a gentleman of untarnished honour , in whom the public had full confidence . ( Hear , hear . ) If he moved in the footsteps of his late much-respected father , he would be an invaluable addition to any board . ( Hear , hear . ) The next item on which he congratulated them was the proposal to place Mr . Findlater and Mr . Murland on the board . ( Hear . ) But he ( Mr . Dockrall ) could not

agree in the expression of regret in the report at the loss of the gentleman whose place Mr . Warren was to supply . He never could find that he was ever zealous for their interests . He held a large establishment , but did he give any part of his business to the Royal Bank ? He stayed with them in the days of their prosperity , but now that a little gloom appeared , the attractions of the British Senate

allured him from them , The time might come when 12 , 000 shareholders of the bank , if they chose to take offence at it , might be very angry with him when another representative would be wanted for the city . He did not say they would , but they might exercise a spirit that would not be pleasing to him . As to the bad debts , he ( Mr . Dockrall ) thought they were accumulating

uncommonly fast , and in great magnitude . It was stated that they lost . £ 25 , , but they did not state how they were to replace it . If it was by retrenchment , were they to begin below-stairs with the hard-working young men , or were they to commence with their own incomes ? If they were to pay it at all it should be out of the earnings of the bank . They said they had been solicited to open a

branch in Kingstown . He doubted the sincerity of any set of men that would ask them to do so . He had never heard an observation in favour of a branch in Kingstown , but he did hear it put forward that it was a " job , " and that the branch never would pay its expenses , and he did not think it would . There should be in the hands of the proprietors a separate account of all these branches , and

an audit , so that they might sec whether it would be expedient to discontinue any of them . He asserted that 12 per cent , was not a dividend commensurate with the unlimited liability of the shareholders of the bank . If all he had stated was shown to be unfounded , no one would rejoice more than he . lie hoped that a bank which was at one time the model of banks would not lose its high

prestige . ( Hear , hear . ) Mr . J AMBS WILSON , J . P ., seconded the adoption of the report . It was the duty of Mr . Jonathan Pirn , he said , to be there , for two reasons—to thank them for the confidence they had reposed in him , and to give them a full explanation of the transactions that had occurred . He ( Mr . Wilson ) asked was it true that the bank had

lost so much money by the house of James Pirn and Co . ? The CHAIRMAN said he had mentioned the sum . Mr . WILSO . V insisted that there must have been netjlect somewhere , and that it was the duty of the board to put the screw on the firm , and he urged the importance of the shareholders looking after their own

affairs . Mr . COPLAND , the managing director , proceeded to show that the loss in question was not the result of mismanagement . The account of the firm in question was opened twelve years ago , and they exhibited to the board that they had a capital of ^ 42 , 000 to commence . The account went on most satisfactorily up to a recent period .

“The Freemason: 1870-10-08, Page 9” Masonic Periodicals Online, Library and Museum of Freemasonry, 7 Oct. 2025, django:8000/periodicals/fvl/issues/fvl_08101870/page/9/.
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Title Category Page
TABLE OF CONTENTS. Article 1
Reviews. Article 1
FREEMASONRY IN LEICESTER SHIRE. Article 1
PROVINCIAL GRAND LODGE OF NORTHUMBEBLAND. Article 2
PROVINCIAL GRAND LODGE OF STAFFORDSHIRE. Article 2
SCOTLAND. Article 3
IRELAID. Article 3
Reports of Masonic Meetings. Article 4
ROYAL ARCH. Article 5
INSTRUCTION. Article 5
MARK MASONRY. Article 5
ORDERS OF CHIVALRY. Article 5
Untitled Ad 6
Untitled Article 6
Births, Marriages, and Deaths. Article 6
Answers to Correspondents. Article 6
Untitled Article 6
Untitled Article 6
Untitled Article 6
FROM REFRESHMENT TO LABOUR. Article 6
Multum in Parbo, or Masonic Notes and Queries. Article 7
RED CROSS OF ROME AND CONSTANTINE. Article 7
Original Correspondence. Article 7
CHAPTER WORK. Article 9
Poetry. Article 9
ROYAL BANK OF IRELAND. Article 9
THE LATE BRO. CHARLES SLOMAN. Article 10
Jottings from Masonic Journals. Article 11
METROPOLITAN MASONIC MEETINGS Article 11
Untitled Ad 11
Untitled Ad 11
Untitled Ad 11
Untitled Ad 11
Untitled Ad 11
Untitled Ad 11
Untitled Ad 11
Untitled Ad 12
Untitled Ad 12
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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.

Chapter Work.

CHAPTER WORK .

By J P . LITTLE , Grand High Priest Grand Chapter , Virginia . ( Concluded from page 477 . ) THE MARK ITSELF . Every Mark Master is required , and should be compelled before he is exalted , to choose and

record his mark . This duty is too much neglected . The council of every Chapter should be a committee to examine and receive these marks , to see that no improper mark is selected ; yet a wide liberty of choice should be allowed . The Scribe should keep the Mark Book , and no mark should ever be changed ,

except for good cause . We have always placed the mark within the letters arranged in a circle . Yet I have before me , in the title page of an old volume of Divinity , written in 1629 , these letters arranged in the form of an arch . This probably was the more ancient custom . This

old divine , John Boss , Dean of Canterbury , places his mark under his name on the title page of his life work . It was a good and honest custom . A Mason can not part with his mark . It serves to identify him ; it represents him ; it is himself ; not only is it a proof that he is qualified to perforin rightly every work of the Craft , but it is his support in time of

need . By it he pledges himself to the performance of any duty promised ; it is a sacred token , and its use involves his Masonic character . And , beside the friendship taught and the charity inculcated in this degree , it is impossible for Mark Masters to remain iu difficulties or quarrels with one another when so easy a means of becoming reconciled is afforded by its lessons and practice .

CIRCLE OF LETTERS . These English letters—H , T , W , S , S , I , K , Lwhich form a distinctive mark on every keystone , and which we translate into a phrase of our language , have puzzled many of our brethren by their being ,

in their present form , of unmistakable modern origin . To satify those doubts , it maybe necessary to inform our brethren that these letters in their original form were zodiacal signs , showing a knowledge of astronomy , and were in this form the mark of a very distinguished architect and leader in our Craft .

OFFICERS OF A MARK LODGE . Lodges held under a Chapter differ from the lodges on the three first degrees of Masonry . The Captain of the Host in the Chapter is still an officer of the subordinate lodges . He bears the name , however , of Master of Ceremonies , ancl as such ,

under the orders of the Master , is a very important officer , and has a great deal to do in the proper performance of the lodge work . In fact , the Master in those Chapter lodges has two especial officers , the the Senior Deacon and the Master of Ceremonies , and give to either any orders he may see fit . It is

better to give these orders to the Master of Ceremonies than to the Senior Deacon . The latter has specific duties prescribed by Blue Lodge law ; the other is a general officer—an officer at large , in point of fact—whose duty is to sec that everything is

properly arranged , that every subordinate officer performs his own duty properly , and who is to exercise a general supervisory care over the whole working of the lodge . It is an important office , and on its proper performance by a competent and faithful officer depends the prosperity of the work .

CONCLUSION . "Son of man , mark well ancl behold with thine eyes and hear with thine ears all that I say unto thee concerning all the ordinances of the Lord , and all the laws thereof ; and mark well the entering in of the house with every going forth of the sanctuary . '

In the Hebrew this command , mark well , is strong ; it is Shim Libbekah , grasp with the heart . Not simply notice and remember , but take into your very being and hold it as your heart docs your life blood . In the proper observance of the laws of God is our life ; see that they are kept . And the

entering in of this house and the going forth of this sanctuary , what docs it mean ? Is it merely the tiling of the lodge , the guarding of the outer courts ? Does it refer only to Masons when assembled ? This , truly '; but much more than this . Every Mason is himself a sanctuary : his body is a true and holy

temple . Let him see that its outer courts are ever duly guarded ; that nothing unclean , impure or unhol y ever leaves or enters it . This degree teaches 1 lesson and gives a warning . It teaches in a peculiar manner the lesson of equality . Every lodge is a- vineyard ; we are all labourers toiling , studying in the search for truth ; for study is time labour ,

and work is true worship . And in this vineyard lod ge the wages we receive for our toil is truth—one and the same for all , no matter when the labout may have been begun or how long it may last . All are on a level ; all toil alike , and the same wages is for all . The youngest who enters at the eleventh "our may find that which the eldest never obtained ; and thus the last being first , the level of a perfect

Chapter Work.

equality is kept up , and all are benefited by the discovery . As the same trials are for all , as all work must be perfect before it can be received , the labour of one assists the work of all and the building is rendered complete by the combined and equal efforts of the whole lodge . Thus , perfection in every

part , that there may be completeness and harmony in the whole , is taught in this beautiful degree . And now , in the words of one of our wisest men , I charge and warn you , my brethren , that you be careful to receive no wages in the lodge or in the outer

world that are not your due . For if thou dost receive such wages thou wrongest some one by taking that which , in God's chancery , belongs to him , whether that thou takest thus , be wealth , or rank , or influence , or reputation . DEUT : xv ., 7—11 .

This degree should be closed by reading the following passage of Holy Writ , of which every Mark Master will at once see the obvious application : — If there be among you a poor man of one of thy brethren within any of thy gates in thy land which

the Lord thy God giveth thee , thou shalt not harden thy heart nor shut thine hand from thy poor brother ; but thou shalt open thine hand wide unto him , and shalt surely lend him sufficient for his need , in that which he wanteth . Beware that there be not a thought in thy wicked heart , saying , the seventh

year , the year of release , is at hand , and thy eye be evil against thy poor brother , and thou givest him nought , and he cry unto the Lord against thee , and it be sin unto thee . Thou shalt surely give him , and thy heart shall not be grieved when thou givest

unto him ; because that for this thing the Lord thy God shall bless thee in all thy works , and in all that thou puttcst thy hand unto . For the poor shall never cease out of the land ; therefore , I command thee , saying , thou shalt open thy hand wide unto thy brother , to thy poor , and to thy needy in thy land .

Poetry.

Poetry .

—?—MASONIC CHARITY . [ Written to be set to music as the words of a war-song , if deemed worthy the honour of acceptance for that purpose , by any Masonic gentleman who is also a musical composer . ]

Brethren , be kind to the sufferers by war , Remember we none of us know ; How soon the cold chill of misfortune may come , And darken our pathway with woe . How many who now seek our pitying aid , Life ' s comforts and blessings enjoyed

Till a turning point came , and adversity ' s shade Their hopes for the future destroyed . ( Chorus . )—And now , at this terrible season of war , Let us hasten to lighten the grief Of widow and orphan , of wounded and sick , And strive to afford them relief .

Yes ! let us be kind to the sufferers of war , Nor suffer political pride To cause us with careless indifference to turn From desolate beings aside .

'Tis true the hard-hearted may frequently frame An excuse for withholding their aid ; But who with a heart to compassion inclined , But deplores the distress war hath made . ( Chorus . )

Think brethren of lov'd one ' s whose heart-strings arc twined Round thine own by affectionate tics , And forget not the misery that falls upon some When the parent who chcrisli'd them dies .

Oh ! Masons , be kind to the sufferers of war , And remember our Father above Enjoins us in scripture to " lend unto Him , " And looks on the gen ' rous with love . ( Chorus . ) S .

LINES ADDRESSED TO A BRIDE . [ Written on reading the announcement of the recent marriage of Miss Farnfield , daughter of Bro . W . Famfield , V . G . Assist . Sec ] Gentle bride , may ' st thou be happy , Is the writer ' s earnest prayer ;

May our Heavenly Father keep thee 'Neath His kind ancl watchful care . May the husband thou has chosen Prize the treasure he has won , Ancl thy future flow on smoothly , As 'tis joyously begun .

Through life ' s scenes of shade and sunshine , Though , alas ! by Fate's decree , Changes—both of grief and gladness—All who dwell on earth must see . Still may roses strew thy pathway , Blooming in the light of love , Ancl when life ' s fond scene is closing , May thine hopes be fixed above . S .

Royal Bank Of Ireland.

ROYAL BANK OF IRELAND .

The annual meeting of the proprietors of this bank was held on September 28 th , at the offices , Foster-place , VALENTINE O'BRIEN O'CONNOR , Esq ., in the chair . The CHAIRMAN , in moving the adoption of the report and statement of accounts , said the exceptional amount of bad debts this year was a source of much regret to the

directors . This arose principally from the failure of one of the large corn merchants , whose firm commenced doing business with the bank in 1 S 5 S . At that time they stated that they had a capital of . £ 42 , 000 . The account of that firm was very profitable to them , and they now lost . £ 20 , 000 by it . In one year alone the bank made £ 6 , 000 on the account in commission and discount .

Some time before this firm stopped payment , the directors considered that the amount due to the bank was too large , and they required it to be reduced . This was immediately done , and the firm opened an account with the Bank of Ireland . At this time the bank held over £ 60 , 000 of their endorsements and securities , which were considered as good as any bank could desire . He might

also mention that the transactions of the firm with this bank averaged over £ 500 , 000 a-year , and that the profits of the bank on them averaged . £ 3 , 500 a-year . Another bad debt occurred in the Smithfield branch—a sum of £ 5 , 000—by cattle dealers , very respectable persons , doing a large business , and at that time having a large sum of money to their credit . They got permission from

the manager of the Smithfield branch to overdraw their account , which they did from time to time , and at last one of them left the country . Though it was through the manager of the Smithfield branch they had sustained this loss , he ( the chairman ) should say in justice to him that he was a most zealous officer of the bank . They could not expect to do a very extensive business and to

make large profits without some time meeting considerable losses . ( Hear , hear . ) Great , however , as had their losses been this year , they could pay them all out of their profits , and give a dividend of . £ 3 iSs . 8 d . per cent , on the paid up capital . ( Hear . ) He was happy to say that they had now as their managing director the same gentleman who , by his fostering care , had brought the bank to

its present state of prosperity . ( Hear , hear . ) The chairman concluded by moving the adoption of the report . Mr . THOMAS DOCKRALL , Kingstown , said the report presented anything but a prosperous state of things . He congratulated the proprietors , however , upon two items in it—one was the accession to the board of Mr . Robert

Warren , a gentleman of untarnished honour , in whom the public had full confidence . ( Hear , hear . ) If he moved in the footsteps of his late much-respected father , he would be an invaluable addition to any board . ( Hear , hear . ) The next item on which he congratulated them was the proposal to place Mr . Findlater and Mr . Murland on the board . ( Hear . ) But he ( Mr . Dockrall ) could not

agree in the expression of regret in the report at the loss of the gentleman whose place Mr . Warren was to supply . He never could find that he was ever zealous for their interests . He held a large establishment , but did he give any part of his business to the Royal Bank ? He stayed with them in the days of their prosperity , but now that a little gloom appeared , the attractions of the British Senate

allured him from them , The time might come when 12 , 000 shareholders of the bank , if they chose to take offence at it , might be very angry with him when another representative would be wanted for the city . He did not say they would , but they might exercise a spirit that would not be pleasing to him . As to the bad debts , he ( Mr . Dockrall ) thought they were accumulating

uncommonly fast , and in great magnitude . It was stated that they lost . £ 25 , , but they did not state how they were to replace it . If it was by retrenchment , were they to begin below-stairs with the hard-working young men , or were they to commence with their own incomes ? If they were to pay it at all it should be out of the earnings of the bank . They said they had been solicited to open a

branch in Kingstown . He doubted the sincerity of any set of men that would ask them to do so . He had never heard an observation in favour of a branch in Kingstown , but he did hear it put forward that it was a " job , " and that the branch never would pay its expenses , and he did not think it would . There should be in the hands of the proprietors a separate account of all these branches , and

an audit , so that they might sec whether it would be expedient to discontinue any of them . He asserted that 12 per cent , was not a dividend commensurate with the unlimited liability of the shareholders of the bank . If all he had stated was shown to be unfounded , no one would rejoice more than he . lie hoped that a bank which was at one time the model of banks would not lose its high

prestige . ( Hear , hear . ) Mr . J AMBS WILSON , J . P ., seconded the adoption of the report . It was the duty of Mr . Jonathan Pirn , he said , to be there , for two reasons—to thank them for the confidence they had reposed in him , and to give them a full explanation of the transactions that had occurred . He ( Mr . Wilson ) asked was it true that the bank had

lost so much money by the house of James Pirn and Co . ? The CHAIRMAN said he had mentioned the sum . Mr . WILSO . V insisted that there must have been netjlect somewhere , and that it was the duty of the board to put the screw on the firm , and he urged the importance of the shareholders looking after their own

affairs . Mr . COPLAND , the managing director , proceeded to show that the loss in question was not the result of mismanagement . The account of the firm in question was opened twelve years ago , and they exhibited to the board that they had a capital of ^ 42 , 000 to commence . The account went on most satisfactorily up to a recent period .

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