The Express.
London, England, 1847-10-26 00:00:00

SCOTCH BANK BILL.

Sir,—We are curious in Sootland to know what
Sir Robert Peel and the rest of the anti-Scotch-banking-
system folks think of matters now. Thank God Sir Robert
did not succeed in thrusting upon Scotland the unmi-
tigated dose that be gave to England, and hence while on
your side of the Tweed there is nothing but bankruptcy and
rain, on this side there has not been a single failure of the
least moment, except in the eases of parties directly involved
with the great English houses; the banks feel not the least
uneasiness, and afford about the natal accommodation.
In short, things move on much as usual, good parties finding
little difficulty in getting money on paying 6 to, in certain
eases, 6i to 7 per cent. for it. Now, I salt, can there be a
doubt that oar exemption from the ruinous state of things
existing in England is owing to our having been preserved
from the full vengeance of the bill of 1844 ? I think not.
I think there is no question that but for that fortunate cir-
cumstance our Scotch merchants would have gone the same
as yours, making "contusion worm confounded.
But there is no use in dwelling upon misfortune if there
be no remedy suggested. I beg to suggest one, which,
although mind, may still be of some importance in the
present state of things. In Scotland we do not like gold.
What we want is, a ezenlatiag representative of property,
with a sufficient guarantee bellied for its payment. Whether
that guarantee consist of good convertible stock, gold or
heritable property, or part of all these. we care not. We
will not take noted if it is not known that the bank partner
are worth ten times the capital they have in the banking
cocoons ; but, having ascertained that, we prefer notes to
gold. I propose, therefore, that Sir Robert'eSeotch Currency
till be repealed, and the banking system here put on its old
footing. The immediate effect of this would be to release a
million or two of gold lying useless in the Scotch banks,
and to give Ragland the benefit of it. Win this done, there
would not be an individual from Berwick to John O'Groat's
House who woad net be disposed to cry

- John BA
I whips look a your prim. aim

Illustrative of howtheamily PosPs hill dike Scotland, I
may wustion a caw that essonei with ISO d our Aberdeen
Wolk shoat four maim ago, mil I wriarstand it Li 1 ease
that nom hegira* Ilk ask 'lbw banks. At the
June Mon, whoa kkoests ad raft an all payable, the
beak k gaselita hr a *wheat of, say 60,0001.
Demi Peel's peist. To stalk IS to make this inc.', us it
wag seessesoy to boy geld to swift that widilional amount,
tag astordiagly Mug the lst of the swath the requisite
sinsamt arriaellownur !mu Leedom, ski wee deposited
is the bank, whitest the boa baying bar asgaskod,
losealed, er There it waselasi tin the beghwelag
of July. whew, the dreaklies having_ retaken to shoat the
towel omega sesseak it was relakfit to the Bak of 1641-
11soljuit kit same. New we Sista kakis mask Mk-
eked the ke tisk We think thallestiesdisklkobsak
Iserrweak sa have iliwsil sattbs it Os Beak et liar
ulikallied the box is gratin with not motel, eat but
the gild f heats to give to thus who want it. For God's
nab. that get an a repeal of the nosak Banking Bill, and
allows to lewd the gold whialt we do not require to our 11
English kiosk who, it appose, do.
MracAT"'