The Sun. — London, England, 1825-12-15 00:00:00

MEEIING Al''lllF, MANSION-HOUSE. Yest!rday a Meeting was held in a private in the Mansion-house, to take into consideration the exist ing agitation in the city,and to adept such measures as should be siee.med e necessary. Only persons who had been invited to at- And the meeting were admitted. The following is a copy of . tbe letter of invitation : " The Lord Mayor presents compliments to --, and by tke desire of several merchants and bankers, requests the -favour of his attendance at the Mansion-house, at half-past one eeaieely, upon urgent business connected with the present state ot the city. "Mansion-house, 11 o'clock, Dec. 14." At two o'clock the Lonn MAYOR took the chair, there being --then assembled about 150 of the most respectable merchants and traders in the city. Amongst others we. observed—Messrs. Ir- Stephen Thornton, Baring, Bazett, Tooke, Larpent, Thole:peon, Macauley, Hart Davis, Rickards, Holland, the Chairman and Deputy Chairman of the East India Company', • G. Hibbert, Innes, M. P.,t -Bonham, Fletcher, Alex ander, M.P., Crawford, Bainbridge, Melville, Raikes, Solly, Warre, Maclean, Gibson, Buckle, Lyall, C. Bosanquet, J. Bosanquet, Alderman Wood, Alderman Thompson, Alder man Garrett, Alderman Thorp, Alderman Atkins, T. Wilson, lionginan, Hurst, Bonsor, Baldwin, and Sir C. Flower, and Sirelames Shaw, &c. &c The LORD MAYOR observed, that it was almost unneces sary to state, that . the Meeting had its origin in the alarm which revelled in the City of London respecting Bankers. It would appear presnmptuous in him to do more than request the seri ous attention of the meeting to whatever might be submitted to them. If the proceedings of an assembly derived weight from the character of the persons composing it, the result of the pre sent meeting could not fail to be considered of importance, .formed as it was of the highly respectable individuals whom he - saw around him. It had been, at a late hour on the preceding etioght, determined that the meeting should be called. The - proceeding did not originate entirely with himself; he had been guided by the advice of his brother Magistrates, and other persons who were greatly respected in the city. Mr. YONGE hoped that the projectors of the meeting were prepared to submit some resolutions to the assembly; it would, in his opinion, be a waste of time, and serve no good purpose, to enter upon the discussion of abstract principles. The LORD MAYOR stated, that Mr. Wilson, the Member for they City, had some to propose to the meeting. Mr. WILSON said, that be felt some diffidence in addres sing the meeting, and wished that the task which had been im posed upon hint had fallen into other hands. Ile felt, how ever, that as one of the Representatves of the City of London, it wasliis duty at all times to obey the call of his fellow-citi eens, and to render them all the service in his power.-. (Heir !) —Every body must he aware of the difficulties under which the monied interest in the City of London at present laboured. It was hardly necessary that he should attempt to explain the way in which those difficulties had originated. They had their origin in an excess of riches. People found themselves a short time back overwhelmed, as it were, with money, stet!, as was always the case in such circumstances, did not make the most prudent use of it. Merchants and bankers were induced to lock up their money in securities, not always convertible on a sudden, and an alteration having taken place in the value of money, and certain changes in the nature of trade, in conse quence of certain Acts of Parliament, the present unfortunate state of things had thereby been produced. It was unnecessary -to dwell upon the present unfortunate circumstances ; it was sufficient to know that they were the natural result of the causes to which he had briefly alluded. The Committee who had summoned the present meeting had found great difficulty in coming to any conclusion on the subject • hut they had finally framed a resolution which it would he his duty to propose to the meeting for adoption. At the same time he felt it necessary to state that the Committee would be most happy if any Gentleman present would propose any thing which was in unison with their resolution, or could he substituted for it. The resolution of the Committee was perfectly simple : it would pledge no person who supported it to any particular theory. It consisted of no -more than an expression of opinion that all that was now going on was for the best. The consequences of such a declaration proceeding from a meeting like the present would be most be. neficial ; it would convince people that more depended on themselves than on any body else. What was now chiefly to be complained of was, the want of confidence in each other which prevailed among the mercantile men.—(Hear !)—A more striking instance of the evils resulting from a want of cone Science could not be adduced than the case of a banking-house which had lately stopped payment, although the individual at the head of the concern was as rich, or perhaps richer, than my person present, and was prepared to pay 205., 305., or probably 60s. in the pound.—( Hear !)—lt was the deity of all se members of a great community to support one another, and by so doing confidence would be restored, and the present alarm would subside. He was happy to state that their Chief Magistrate had received an assurance from the Bank Directors, that they would do every thing in their power to remedy the existing evils both in the city and in the country. The Hon. Gentleman then read theresolution prepared by the Committee,, which was as folloWs: " That it having been stated to the meeting that the Direc tort of the Bank of England are extending their accommoda tion to the public, both in town and country, by every means in their power, the meeting, under all the circumstances . , does nos think it expedient that a public meeting should be called." Mr. YONGE was desirous that the resolution just read by the lion. Member should not be immediately proposed, be cause the question of the expediency of calling a public meet. int; would depend very much on what might be done at the present meeting. At present his opinion was against the call. ing of a public meeting i • but before he came to a determination on the subject he wished to hear the declaration which was to be submitted to the meeting. Mr. WILSON said, the lion. Gentleman was mistaken in supposing that any declaration was to be read to the meeting. The Committee, after giving the subject their fullest consi deration, had determined not to draw up any declaration, be cause they were convinced that the principles it maintained on the facts it proclaimed would be supported by one party ; they Would, perhaps, be opposed by another, and that the unani mity which it was so desirable to preserve on such an occasion as the present would be destroyed. Mr. BARING, having been called upon by many voices, rose and observed, that unhappily it was impossible to entertain any doubt that the state of things at present existing was as unfortunate and as pregnant with evil as it had been described -to be. For his own part he had recently hail little to do with business, and had not been in London for the last three months. Present circumstances, however, had made him feel that it was hardly fair, in any person connected with the city, to remain a passive spectator of the scene of distress and difficulties which surrounded him.—(Applause.)—lf he had not attended the Committee for the purpose of assisting in drawing up reso lutions to be submitted to the meeting, it was because his mind was not made up as to the course which it would be proper to pursue—whether any thing should be done, and if any thing, what that should he—whether public interfer ence was advisable, or whether the present evils should not he left to cure themeelves. The same awkwardness which he had felt on this point had, he found, been participated in by others, and the consequence was that they -ivare now assembled without any person being prepared to pro pose any thing very decisive for their adoption. What had been proposed by the Member for the City was certainly con sinten t with truth, and calculated to do good as far as it went. There could be no -doubt that it would be productive of benefit to make known the determination of the Bank Directors to act with promptituile and decision, in endeavouring to relieve the distresses which it was mainly in their power to alleviate.— ( Hear !)—At the same time he had hoped that the merchants of isondon, having assembled together on such an occasion, would have put forth something like a general declaration of the substantial solidity of the banking establishments of their city, than which there were none in any place on the face of the globe which presented more real security.—(Applanse.)—lf it were true, as had been stated, that houses had been compelled to stop, which nevertheless were capable of paying 40s. or 60s. in the pound, it was a calamity which must be met by an ex pression of public confidence. and by acting upon that expres sion in a practical manner. 'lt was useless on the present occa sion to enter upon an examination of the general principles of ,mercantile transactions. Occasionally, certain chokes or stop- pages of the system took place, which rendered it necessary to depart from general principles, and to.apply a special remedy to the particular case. It was the same in the political system, when circumstances sometimes rendered even the suspension of our liberties necessary. One of the peculiar marks of the wis dom of the people of this country was, that though they adhered ,with great tenacity to general principles, they nevertheless were always ready to apply a special remedy , to a special grievance. That there were no Members of the Bank Directors present must not be attributed to any indifference on the part of those individuals to the object for which the meeting had assembled. (" No, no.") They hasi, no doubt, absented themselves from motives of delicacy , , knowing that if they were present they might he expected to give explanations which they could not with propriety furnish. Feelings of delicacy would also operate to prevent the attendance of members of private banking establishments ; for they might suppose that the mere fact of their being present at a meeting of this nature would be construed to betray an apprehensiveness on their part of the se curity of the houses to which they belonged. These circum :stances would account for the meeting not being so numerously _atteailed as might otherwise have been expected. (The Lord Mayor observed that the meeting was composed only of per sons specialty invited to attend). If it-was useless to enter upon the theories of circulation add mercantile transactions, it was not much less futile to dwelt upon the origin of the present dis tresses. The Hon. Member for the city had stated, that the present crisis had arisen from a plethora of riches; but the lion. Member, perhaps, in order to please his constituents, had kept back the fact, that that plethora had led to speculations Which for folly and absurdity were never Surpassed.—(Hear, hear !)—Any person who witnes'ed the fever of last year might have anticipated the distresses of the present ;—not, certainly to the extent to which they had proceeded, for they had gone beyond all calculation, and they were now prolonged by a panic —a mere noise and sound—which magnified the public misfor tunes, and attrijsuted to them greater importance than they merited. It was, however, as he before observed, anticipated by all rational men, that the fever of last year would- he succeeded by the cold and shivering fit which was now exercising its in fluence on the mercantile interest. It was impossible that there could be two opinions on the primary cause of the present state of things, and therefore it was useless to dwell upon that part of the question. But was it proper or justifiable, that because the present misfortunes h a d their origin in folly and impru dence; persons should selfishly say, " It is their own fault that they suffer: let them take the consequenees of their impru dence ?"—(Applause.) —The consequences, unfortunately, fell upon those who had been perfectly innocent of the imprudence. The effects of the folly were nit by some of the most opulent and prudent among the cominunity.—(Hear, hear !)—ln look ing at the constit u tion of the b a nkers of London, it was, lie thought, impossible to entertain an unfavourable impression of any of them, because it should happen thet they required as sistance to enable them to carry on their transactions. Why should such a circumstance be matter of surprise, Much less of , alarm ? Every body knew that it was the business of a banker to use the deposits which were placed in his hands, and therefore it was impossible for him to meet, at any Particular moment, the claims of all his customers, although there could be no doubt of his capability to do so eventually. If a banker should say that he could at any particular day pay out of his house all that had been paid into it, he would consider hint a very stupid person, and one very ignorant of his business. Ile knew not enough of banking concerns to undertake to determine what quantity of the money paid into his hands a banker should em ploy for his prbfit—whether it was one-third or one-fourth, he could not say—but of this he was Convinced, that when in con sequence of a panic (and it was a panic which prevailed at pre sent, and nothing else) (loud cries of" hear") a run was made upon a banker there was no extent of sacrifice which could pro tect the most prudent and the most opulent. He was now speak ing from his own observations, 'for he begged it to be understood that he had held no communication with any banker. He cer tainly could not undertake to say that there were not amongst the bankers who had lately failed one or two not perfectly opu lent. That might be the case; but when a storm like the pre sent was raging, though the rotten fruit might fall first, the ripe would follow. But it was impossible for any one acquainted with the general character of the bankers of London not to be convinced that nineteen-twentieths of them were solvent, and as intich deserving of public and individual confidence as any gentleman present.—(Applause.)—There was no city in Europe in which the banking system was founded so much on real property as in London. All, therefore, that was necessary at the present moment was, to inspire a feel ing of confidence; and for this purpose something should be done to meet the immediate necessity of the case, with out reference to general principles. He wished that there should be no discussion - about a recurrence to an unlimited paper system—(" No") or any other theory, but that they should endeavour to apply a special remedy to a special gyiev ance.—(l/ ear !)—The great and desirable object was, -to create a feeling of confidence towards persons who were deserving of it. If any person could venture to state that there were grounds for a want of confidence in the London bankers, that, to be sure, would alter the view which he wished the ineeting to take of the question. But if, as he maintained, it was impossible to doubt their solvency, let their customers chew that such was their opinion, by allowing their their cash to remain in their bankers' hands. It was the timid who, by making double provision fbr their necessities, produced the present distresses. —He, for his part, had made no provision against his banker. He had kept his account lately as it always stood; and if his banker should stop payment (of which lie had not. the slightest apprehension), he should be less ashamed to see the balance due to him to his books, than to have it said that he had dis tressed his banker by selfishly hoarding his sovereigns. —(Loud applause.)—Under present circumstances, individuals should consider that they had an important public duty to perform, and that it did not become them to act under the influence of mere noise and clamour. They should skew by their declara tions and their conduct, that they considered the bankers worthy of confidence. Such an example was even more necessary with respect to country than London bankers. Country people seldom reasoned about the probability of their banker stepping payment ; the moment they got the idea into their heads that it was to be, they never got rid of it until they brought about the event which they most dreaded. When it was consi dered that there were about eight hundred country banks, each drawing upon some bank in London, which, in its turn, drew upon the Bank of England, it was almost impossible to say what calamities might result from a panic, arising in most instances from ignorance, but sometimes, he was compelled ,to say, created by malevolence.—(Hear, hear !)—lt was desirable, therefore, that some declaration should proceed from the princi pal merchants and traders of the city of London, who had been acquainted with the characters-and transactions of their bankers for years, to put a stop to the prevent panic. —(Cries of " Move.")—The same thing might be done in the country in the banking districts. This course had been pursued on the occasion of the stopping of the house of Sir Wm. Elford and Co., at Plymouth, and it had the effect of calming the minds of the timid, and thereby preventing further disasters. He an ticipated most beneficial results from a declaration proceeding from the centre—the very heart, he might say—of the kingdom,- expressing entire confidence in the banking establishments, and stating that the present alarm arose from a mere chimera, and rested on no substantial foundation.—(" Move.")—He was not prepared with any proposition to submit to the meeting, but on account of the importance of the subject, and the expressed wish of the meeting, he would undertake to frame a resolution for their adoption.-.-(Great applause.) After a short conversation between the gentlemen near the Lord Mayor's chair, it was arranged that Mr. Baring, Mr. Ir ving, and Mr. Wilson, should retire and draw up some resolu tions. Those gentlemen accordingly left the room, and after a lapse of about 20 minutes returned. 11Ir. BARING said, that though the resolutions which he had drawn up were very concise, yet he had found it necessary to take some little time in drawing them up, on account of the great importance of the subject to which they referred. He could not say that the resolutions were framed exactly as they would have been if he had more time to deliberate upon them. The Meeting would consider them as having been hastily drawn up, and therefore, if there was any thing either in their substance, or in the form of expression, which any person might consider objectionable, he had no desire to prevent it from being altered, if the Meeting should think fit. He begged leave, however, merely to suggest, that it gentlemen did not object to the resolutions in substance, it would be as well not to express any difference of opinion on minor points. He was induced to make this observation only from a desire thitt whatever the Meeting did should bear the appearance of una nimity. If the necessity of the case had not been to urgent, it might have been advisable to wait until the resolutions could be submitted to a larger meeting; hut at the present moment, when houses were tumbling around them, it would he culpable to delay for 24 hours. The lion. Gentleman then moved the following resolutions:— " I. That the unprecedented embarrassments and difficul ties under which the circulation of the country at present la bours are mainly to be attributed to a general panic, for which there are uo reasonable grounds ; that this meeting has the fullest confidence in the means anti substance of the banking establishment of the capital and the country, and they believe that the acting generally upon that confidence would relieve all those symptoms of distress which now show themselves in a shape so alarming to the timid, and so fatal to those who are forced to sacrifice their property to meet sudden demands upon them, which it is no imputation upon their judgment and pru dence not to have expected. " 2. That it having been stated to this meeting that the Directors of the Bank of England are occupied with the re medy for a state of things so extraordinary, this meeting will refrain from any interference with the measures of the Direc tors of the Bank, who, they are satisfied, will do their duty towards the public. , " 3. That having the firmest confidence in the stability of the public credit of the country, we declare our determination to support it to the utmost of our power." Those were the resolutions which he had prepared, and he thought that they contained no tnore . than an expression of opi nion which was due to the general mass of bankers. Mr. DIXON begged leave to suggest before the resolutions were seconded, that it was of the utmost importance that they should go before the public as soon as possible. Mr. IRVING agreed with the Hon. Gentleman as to the ne cessity of the result of their proceedings being laid before the public eye with all possible dispatch. In rising to second the resolutions which had been proposed by his Hon. Friend, he would trespass on the attention of the meeting for a very short time; for, after his Hon. Friend, with all his knowledge anti ability, had discussed the subject at so much length, it would ill become him, pressed as they were for time, to occupy any considerable portion of it. It must strike every other person as it did him, that in a country which exhibited every symptom of wealth anti prosperity, a necessity should exist for such a meet. ing as the present. It was impossible to attribute it to an ' ether cause than .that pointed out by his Honourable Friend,— namely, a panic and unfounded alarm.—(Hear, hear !)-- There could be .no doubt that the prosperity of the country remained . unshaken—that the few fleeting cloud which at present darkened the else brilliant prospect would speedily pass away. That even the best and most wealthy persons were suffering under the present pressure, could not be denied. He trusted that the proceedings of the present meeting would have the eff2ct of allaying the alarm which,destroyed con- - Hence, the want of which alone was the cause ()lithe existing suffering. " My honourable friend said, that solvent houses had fallen victims to the panic. That is, unfortunately, too true. I have been engaged in examining the affairs of the house of Sir Peter Pole and Co., the first which fell a victim to the panic, and can statoas the result of my examination, that after paying every claim upon them, the house possesses a sur plus of 170,000/. besides' the landed estates of Sir Peter Pole, and 10 0,000/. - elsewhere.",—( ear, hear !)—lt was impossible for him to say that the accounts laid before him were correct; hut supposing than to be - lso, that which he had stated was their result. The knowleige of this fact might have . the effect of removing the anxiety which the creditors of that house must at present feel.—( Hear I)—He would not now do more than state, that he cordially seconded the resolutiOns, and trusted that they would,..in some measure, alleviate the difficulties of the commercial interest.—(Applause.) Mr. Alderman Woof), as one of the originators of the meeting, expressed his warm approbation of the resolutions. He was convinced that it was only necessary for gentlemen to allow their balances to remain in their bankers hands un touched, to restore immediate confidence and security.— (A pplause.) The LORD Marrow was about to propose the resolutions, when Mr. Nauru objected to the word " duty" in the second resolution. He did not, for his part, know what duty the Bank Directors had to perform. Mr. S. DIXON' said, every body knew that the Directors had a duty to perform ; a nd M r . Park er not pressing his ob jection, The LORD MAYOR put the resolutions, which were carried unanimously. Mr. WILSON expressed his gratification at the passing of the resolutions; and his pride for having been instrumental to the measure. Mr. Alderman A Trams requested the attention of the Meet ing to a few observations. The house of Robert Williams, which had been compelled to stop payment in consequence of the extraordinary run upon it, was, he knew, at the present moment capable of giving securities to the extent of half a mil. lion.—( Hear, hear !)—They would have been able to meet all demands, had-they not been obliged to send 400,0001. to meet a run upon an establishment elsewhere. Every body who had the pleasure to be acquainted with Mr. Robert Williams knew him to be a most honourable man, and that there was none more deserving of credit.,( Hear 1) The LOteD MAroit here observed, in reference to some ob servations which had been made in the course of the (lay on the numberpf persons attending the meeting, that it had been considered necessary to limit the number, as, in a more nume rous assembly, considering the present agitated state of the public mind, it would have been impossible to come to any deliberate result. A Gentleman present then informed the meeting, that the house of Wentworth and Co. possessed assets abundantly suffi cient to satisfy all demands upon theii.—(Loud applause._ Besides that, the house had been promised the greatest assist ance, and that it might be expected in the course of a few days to resume its payments.—(Hear, hear !)—One fact he would state, which was highly creditable to young Mr. IVentworth. The family estate was entailed ; but Mr. Went worth, jun. had proposed to cut off the entail, and throw all the property,into the bank. The promulgation of such facts as these, which had been stated in the course of the day, might tend to allay the panic, unprecedented, he believed, in the his tory of commerce._( El ear !) Mr. BARING then moved— " That it is the opi n i on o f th e mee ti ng th a t d e cl a rations of a similar description with the present, in the country towns where the banking establishments may appear to deserve them, may be productive of much benefit in restoring general confidence." 51r. lavrxG seconded the resolution, which was put from the Chair, and carried unanimously. A long discusision ensued upon the question, whether the re solutions should be signed by the Lord Mayer on behalf of the meeting, or whether each person present should attach his sig nature to them on the spot. Mr. Alderman GARRATT thought it might appear to the public, if the resolutions, went forth with the name of the Chief Magistrate - only subscribed, that the individuals present had shrunk from the responsibility of attaching their names to the document. Mr."AlderinaniVoonind others, on the other hand, urged that arrangements had been made for publishing the resolu tions in the Evening Papers, which object would be defeated if every individual present were to subscribe his name to them. At length the following resnlution, proposed by Mr. BARING and seconded by Mr. IRVING, was agreed to : " That the Rigk Hon. the Lord Mayor be authorized, and he is hereby requested,to sign the above resolutions on behalf of this Meeting, and to allow the same to lie for signatures at the Ilausion-house.'t The loottn MAYon having vacated the •Chair, and Mr. BAR Tx° having taken it, it was moved, and carried unani mously. that Old thanks of the meeting be given, to the. Right Hon. the Lord Mayor, for his able and judicious conduct in the Ch ar. The meeting then broke up. SCIIEMES.ofit HUNDRED YEARS SINCE. The following is chiefly from AN DER.SON'S 44 A nnals of Commerce :" London, at this time, anno 16M, abounded with new pro jects and schemes, promising mountains of gold. Writers about this time complain heavily that the Royal Exchange was crowded with projects, wagers, Fairy Companies of new inven tions and manfactures, Stock-jobbers, &c.--so that, very soon . arterwards, the transacting of this airy trade of jobbing was just ly removed from off the .Royal Exchange, into the place called Exchange Alley. But in 1720 the destructive eff s ects of the South Sea Bubble, palzietl all the energies of industry, and such a shock to public and private credit, as rendered the• lapse of years necessary before confidence, could be restored. The ab surd speculations, the bare-faced impositions and frauds, the Infatuated credulity, and the egregious folly, which dis tinguished this period, were all in the extreme, and cannot be paralleled in any other era of British History. Even after the proclamation against " Bubbles," that frantic trade soon revived, anti even increased more than ever: and whilst these bubbles daily advanced in price every one was a gainer, so that the lower class of people fell into luxury and prodigality as Well as their betters. Not a week-day passed withcsit fresh . projects, recommended by pompous advertise ments in all she newspapers, directing where to subscribe to them. Some. - of the obscure keepers of books of subscriptions, contenting themselves with what they had got in the forenoon, by the subscription for one or two millions, werenot to be found in the afternoon of thesarne day; the room they had hired for a day being shut up, and they and their subscription books never heard of more. Some of the schemes were divided into shares, instead of hundreds and thousands, upon each of which so much was paid down ; and both for them and the other kinds there were printed receipts. Persons of quality were deeply engaged in many of them e .avarice prevailing over all consi derations of either - dignity or `equity; Lords and Gentlemen attending taverns end coffeehouses to meet their Brokers, and Ladies attending the shops -of milliners and haberdashers to the same end. Any impudent fellow had only to hire a room near the Alley, and open a subscription-hook for .somewhat re lative to commerce, manufacture, plantations, or some sup pled inventions, either newly hatched o u t f his brain, or else stolen from some of•the many abortive projects . of former reigns (having first advertized, it in the Newspapers of the preceding day), and lie might. in a few hours, find subscribers for one or two millions, and, in some eases more, of imaginary Stock. Yet many of these very subscribers were far irons be. lieving those projects feasible; it was enough for their purpose _ that -there might very soon be a premium on their receipts or shares, when they generally got rid of them in the crowded alley to others more credulous than themselves. So great was the wild confusion in the crowd in Exchange-alley that the same project, car btibble, has beetanown to be sold at the same instant of time, terePer cent higher at one end of the alley than at the other. The infatuation was at length so strong that one project was advertized thus :—" For subscribing 2,000,0001. to a certain promising and, profitable design, which will hereafter be pro mulgated." And another writer says, 'Change-alley was like a fair, crowded with people, than a Mart of Ex change, as were all the avenues leading to it ; and there was a little hump-backed-man, who, seeing this mania, made his fortune by lending his back, as a desk, to make transfers on, to those who could not afford time to run to the coffee-houses. FORMA I: IMPEACHMENT OF M It. O'CON'NELL.- Under the above head, the Carlow Horning Post says :—" We have received an article respecting Mr. O'Connell's intercourse with Government, which places the conduct of that learned Gentleman in a very strong poitif Of view, and corroborates the testimony of Mr. Cobbett, We shall publish it on Thursday.'► , . ~,,,,vro,g„, / S e's.Vlt4e,X ,-,_:, •.t.. 7 ' 1 1 — P r l e ---,- ~, - v c. ~ 3- - , 'V d iliAt i \ ..%1 * \ . . MASONIC NOTICES FOR NEXT WEEK. ENGLAND. Monday, Dec. 19, LONDON. Nos. 1,8, 14, 15, 22, 104, 284, 293, 308. COUNTRY. Nos. 20, 72, 102,219, 238; - 311, 368, 423, 425, 455, 509, 510, 521, 541, .553, 583, 680. Tuesday, - 20, 140 It ox. Nos. 33, 42, 266, :281, 309. COUNTRY. Nos. 127, 151, 167, 170, 184, 199, 385, 471, 497, 501, 528, 532, 544, 551, 579. Wednesday, - 21, LONDON. Grand Steward's Lodge, Public Night. Nos. 36,. 56, 91, 92, 134, 225, 296, 321. CouxTRY. , Nos.,-95, 105, 124, 126, 122. 146, 207, 229, 339, 342, 400, 465, 468, 480, 487, 529, 577, 581, 606, 678, 690, 705, 711. ThUrsday, - 22, LONDoN. Nos. 48, 82, 142, 156, 216, 481. : House Com. Fern. Sch. at 11. Couxmr. Nos. 45, 57, 70, 153, 178, 214, 243, 269, 384, 420, 461, 518, 545, 556, 560, 586, 587, 642, 679, 717. Friday, - 23, LONDON. * • COUNTRY. Nos. 283, 533, 550, 655, 709. Saturday, 24, LONDON. * * * COUNTRY. Nos. 358, 675. ANGLO-MEXICAN MINING ASSOCIATION. PH 11; DIRECTORS of the ASSOCIATION for ASSISTING in WORKJNG the MINES of MEXICO, and other Parts of SOUTH AMERICA, hereby give Notice, That, in pursuance of the Provisions of the Deed of Settlement, the FIRST ANNUAL GENERAL. MEET ING of the PROPRIETORS will be held at the CITY of LONDON TAVERN, Bishopsgate-street, London, on WED NESDAY, the 4th day of January next, at One o'clock precisely. - - JOSEPH LOWE, Secretary. 7, St. Helen's-place, Dec. 14, 18245. a + ' THE COAL TRAD PRICE OF STOCKS THIS Bank Stock 2OO 202 3 per Cent.' Red. 79; 80 80;1 3 per ('ent. Cons. 3. per Cent....... . ......... Bq. Ditto Heel 8 6} 41 7+ 4 per Cent. Ne• , Bank Long Ann. 18i 15-1619 India stock Ditto Bonds ... 55 50 70 clic South Sea Stock PRICER OF FOREIGN F Austrian Ms, 5 percent. 92 I Brazilian Btli cs—ARGLTS, to-morrow. 18'25 ' 19 20 Scrip Bnenos Ayres rids Milian, Bds, 6 per cent — Colombian lids 63 4 Do. do. 1824 56 7 6i 9 8 7 Danish, 6 per cent. Do. 182.5 . slli Greek lids Do. 1825 l4 Guatirnala Mexican lids Do. 1825 DAY AT ONE O'CLOCK Old Annuities New Ditto .. Ex. Billslooo/.lid. 30 2628 dis. Ditto 50n/. lid. 15 13 19 dis. Ditto Small lid. ... 5 9 dis. Ditto Advertised Bank for Acct. India for Acct. Cons. for Acct. :ins AT ONE O'CLOCK Mexican Scrip Neapolitan, 5 per gent. , — Neapolitan do. 1834 Peruvian Bonds ,. 42 Do. Scrip Portuguese Bonds 7B 9f Prusixo, 5 per cent. Ditto New Russian, New, 4 per ct. 85 i 6 Spanish 1821, 4 per 13it 1823 French Ilentes.s p. c. Jll. —c. Exchange ... 25f. 25c. 3 per cent. —f. ex div. Exchange ... —l. —c. PRICES OF STAVES AT ONE O'CLOCK. Anglo-Mexican Mining Company Castello and Espirito Santo Brazil Mining Company New United Mexican Mining Company Welch Iron and Coal Mining Company British Rock and Patent Salt Company Great Westminster Dairy Company Provincial Bank ofireland Per Share. 40 37i FOKEIGN 41111,5. Guerasey and Jersey Gottenhurgh Hamburg!) Buenos . Ayres America - AnnivEn. Dus. HIGH WATER AT I.OSDON BRIDGE TO-310RIIOW. Morning, 29 minutes after Evening, 42 minutes after G. rn1.7 4 SOLER ours DICERE FALSUM dUDE,AT Y LONDON, THURSDAY EVENING, DECEMBER 15, 18M. THE FUNDS. Consols—Yesterday closed -82 i buyers. After tile Meeting at the ) Alansion House - / 82. buyers. At a later hour - 821 sellers. The Meeting at the Mansion House yesterday produced a favourable effect on the Funds, and averted the decline which had been anticipated. Consols maintain a better price than that of yester day. The general hope and proneness to believe that which is desired, has excited a natural eager ness to propagate the opinion that " things are coming round, " and all will soon be well, when confidence shall be restored." .But can the mere expression of opinion at a Public Meeting re-esta blish that confidence which has unquestionably been shaken from the centre to the very extre mities of the commercial community. This is the question' which every man of reflection will na turally ask—and it may be suspected that although individuals shall 'expres themselves in public in the affirmative, their private determination would be found to negative the proposition. If it re quired but a public expression of confidence by certain individuals, to restore permanent cre dit, the actual possession of a circulating meclium would become a point of very subordinate consi deration. The truth, however, is, that by an ar tificial cheapness of money and of credit—the whole commercial community has been driven into an excess of circulation, and which excess has at length destroyed itself by its own weight. The gratidations this morning . were suddenly damped by the whisper of a stoppage west of Temple -bar—and which, although for soul: time considered doubtf u l, i s , we f ear , but too we ld . founded. Other embarrassments were also moured, but which for the present hays fill b# sided. ‘ l l. t • ls Consols op e n e d b r i s kl y a t 82-} , from w hir ls they fell, on th'e reportell failure of a Book ing House, to 822. Heavy money sales pres sing on the market, co-operated in the depress° k t until nearly twel ve o ' c l oc k, w h en the ruar i gradually began to recover, and at one, the V G' tation was 821 buyers. Money, in this hoe' hasgbeen easier, hut great sacrifices continue t° be made for Bank Notes. Xn emergencies 0 5 ' fleeted with Banking establishments, advan c ' s have been made by the Bank of England ur n Stock—but private applications have been 11n ' successful. An advance of 20,0001. Sterl in g' on 60,000 Consols, was refused to an io dii ; dual, not im me di ate l y connected w i t h an y B 4rl Another inst ance i s reported, in which rel iefloo been declin e d, ar i s i ng out of a legal po i n t or con' sideration. O ne o f t h e partners o f a 0°1;1 Bank, bro ug ht u p to town f ora suppl Y sale his London H ouse , t o act upon a pow er 1 0 r of 40,0001. stock. B u t th at h ouse h a ving unfor tunately susp en d e d payment, i t Was not tig4ghe 9 safe to per m it th e transfer of Stock u nder t , „ apt power grant e d t o t h em by the Coun try wer The only r eme dy, t h ere f ore, is, a f re sh P: nost from the C oun t ry , b y w hi ch a loss o f time -- be incurred that may prove fatal. Bank Stock has advanced to 202. et t of Exchequer Bills continue to be taken the market by the Bank, whose discounts te'd°/ of town paper, are un d erstoo d to h ave been eu 3 a scale of un p rece d ente d extent: The 111355 of Paper s en t i n f or di scount, is stated a t a° I‘, 1 amount altogeth er un p ara l e ll e d . Th a t the 1331 of England i s h eart il y co-operating i n the de si r e expressed at th e mee ti ng o f yester day, " I ' not he doubted; but there nevertheless roust GE t limit, bey on d w hi c h t h at great e stablish ie ti es s ; cannot safely ad vance . M uc h o f the u tress inflicted throughout the country, let mains to be disclosed, and we cannot di / ourselves of a conviction, that the equilibrium Nt to not be resior e d, un til many, w h ose em b a rrassfa e are yet unkn own t o t h e pu bli c, s h a ll have gurik beneath the pressure of the crisis. Exchequer Bills, £lOOO-30 26 32 28 dis. X5OO-15 13 19 dis . z.f.:loo 5 9 dis. India Stock, for account, - 250. India Bonds have been done at 70 di ls " tint ' l FOREIGN. Settling Doll in the Foreign Stock Ex chaligg. e , South American Sec ur iti es h a ve impro ved g nersily about 2 per Cent. • Greek 13 did. 01 Only one Defaulter announced- I ' c ' " r- its SELBY and O LIPHANT . Th e i r d e falcation cribed to Greek. We feel deep concern in stating, that that O l°7 respectable, ci spectable, an d es t a bli s h e d Banking Pg)t Messrs. ST IRLING , STIRLING arid II 0 1)501., St rsl3 , have deem e d i t ex p e di en t t o suspend their 1 ° lll T t merits this day, but we have GOOD .../117111f, for saying, that on the arrangement of their , ; r fairs, all their customers will be paid the balances. We submit the two subjoined paragrqr". fli p c of our readers : '00 0 ; "No less than 591 causes are set down for the ltiog f Sittings after Term in London. The probable bringing the whole to a. conclusion cannot be less tn ur its e and dusaas in ndpo e u a n c e i l l s. of those Ofthecsaes,eslBtswaelrveemguairnkeeacisSaprepaVetivoloh, Jury, two guineas to the Sheriff; and two guineas t t1 : 0 `; c o' ter of the King's Bench, the additional expen cci curred will be 2,7191. 10s." Fie "r>' " The following is a statement of the cas es re-in F i e fore -bee disposed of, as appears by the Registrar's Ilook 9 fl 3 fore Lord Chancellor, 42 Judgments and 120 APPe 3is " -- Og g .°' Vice-Chancellor, 16 Pleas and Demurrers, 7 0 ( -! o tioll" hearing, and 228 Causes for further directions a nd el" and before the blaster of the Rolls, 270 Causes." -Here is news for th e ere —her e law ; "I of"s y tw o' for the gentlemen of the long robe --Jet , t hei r are f it with delight, and bless their ste r ' hict olpt labour l e oety o winoe a Ltlot profession,efoori everyacid ii d a m m ea o n n ; } g ba s en t rd t os h of e mt rn iel r f l e , la z roi ° ri f o c il e o l itiie l Bere o r guineas fly In such abundance' rne T it ur they bestow in the cour se of the t effir refers g l t tv oi will li ! si by, : o e s 1.,.,,,, 1 i a l c r t i o o h t u ai rt s t tohfeK fii uncertainty irigst,so sfet thi f ce u s e p r3c,po ours, be. p l y ,a e br r• a ~,ro tr i t o ri of Common Pleas and Exchequer are alt°&. ' l- 0 11 omitted, gi fo r r p t i r a r l f i e n n r il s ( o l t i o y w e t t C h e o w u e i r i t l i i g a a l v l i o e c n alone. its worthy help -mates the Courts of iancellor and the Master of the gas' w ig' whole number of causes, pleas, demorrersOttiree meats, &c. to be determined by th ese , the Courts, amount to 92.6 only, not to'c'port number f set down for trial iu the aide/ I r ' t fr O in f l tie C siie l e :a c u a :::: . e ul : l i a c , ril i fi e t l t o King's Bench, by one sin g le w ill u °le Little more than a year, at t-nost, vvi.. l ist o l ry one of the 591 causes from this cau se 0 0 dismiss the Court of King's Bench and a half Yeeraer6 the parties sine dies; whilst the Pr°olb'ber made in the Court of Chancery in the 11 : th e before them in that time will fra y ; bog' present list very little reduced,scarceiY na g In i effect, that whilst under the syeteul a rne rt °: aw Jurisprudence, one Judge of one 7011 161 Common Law is enabled to dispose of 59