28 JANUARY 1832, Page 10

MR. MABERLY.—The following remarks are from the Aberdeen Chronicle. "

Many years ago, Mr. Maberly purchased the manufac- turing houses of Scott, Brown, and Co. in Aberdeen, and they formed the nucleus from which his extensive linen-works have sprung. At the dine Mr. Maberly made this purchase, he was supposed to be, and no doubt was, possessed of an ample fortune. Being dissatisfied with the par date at which the Aberdeen banks then drew on their London agents, Mr. Maberly was determined to alter this ; and the banks not choosing to submit to his dictation, he formed the extraordinary resolu- tion of establishing a bank of his own at Aberdeen, Montrose, Dundee, Edinburgh, and Glasgow, calling it The Exchange and Deposit Bank' and issuing the promissory notes of John Maberly and Co. payable in London. Such an establishment as this being contrary to all the principles on which the Scotch banks are conducted, they refused to receive or exchange his promissory notes. In retaliation, Mr. Ut- terly set about collecting their notes and demanding gold for his balances weekly. This warfare he carried on for nearly six years with the Aberdeen Banking Company, and, we believe, the Commercial Bank. The same took place with the branches of the Bank of Scot- land, Commercial Bank of Scotland ; but, as the notes of the latter banks were payable in Edinburgh, Mr. Maberly was subjected to the additional expense of sending them there for exchange. Strange as it may now appear, many people in Aberdeen considered the conduct of their own banks as harsh and illiberal towards Mr. Maberly, using the same language which Mr. Maberly himself invariably adopted, viz. the ingratitude of the banks, considering the great benefit he rendered to the country by his extensive manufacturing concerns.' The Aberdeen banks .having sufficiently demonstrated their opinion of Mr. Maberly's banking establishment, and knowing, whatever might be the result, they could not be injured farther than the balance of a weekly exchange, seldom exceeding 2001. or 3001., this warfare ceased in 1826. It was always well known that Mr. Maberly's bank allowed a higher interest for deposit money than any other bank in Scotland. Indeed, the rate lately allowed was Vr per cent. while the rate at the other banks was 2 per cent. As such a difference would have been considered discredit- able and ruinous to any banking establishment, it was always imagined that the money was profitably employed in the manufacturing concern, Avhere Mr. Maberly could well afford to pay 4", per cent. Indeed, the banking business in Aberdeen was Carried on in the same premises, under the same roof, in the same counting-house, and at the same desks as the manufactory ; the servants of Maberly and Co. were paid their wages with the notes of John Maberly and Co. ; the gentleman who managed the manufiicturing concern superintended the bank, and until the arrival of the post on Thursday morning, the 5th instant, we under- stand he had not the most remote idea that Mr. Maberly had retired from the firm of Maberly and Co. On that day, however (as we stated before), and as if by magic, the creditors of John Maberly and Co. were informed that the firm could not meet their engagements, and that the firm of Maberly and Co. was no more. The painted ticket,

The Bank,' was removed from the door of the manufactory, and Richards and Co.' substituted : but the spinning wheels perform their usual revolutions, and the beam of the steam engine vibrates as before."