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Auckland Star, Volume X, Issue 2743, 6 February 1879, Page 2

The failure of the Union Bank, Helstone, Cornwall, reported in a cable message from our London correspondent, is probably another of the after-effects ot those recent heavy failures which have shaken credit and brought bankruptcy upon old-estab-lished sterling English firms. The bank was a private proprietary institution, the chief owners being Messrs Cordelia Vivian and James E. Vivian, merchants, of Leadenhall-street. The London agent was the Union Bank of London. The bank was founded in 17SS, and has thus braved braved all the commercial storms of the past century. It had a fixed note issue of £17,000. Except as another indication of that great commercial depression which has produced keen suffering among tht working population and ruin in the mercantile world, the present failure has probably no special significance.