The Express.
London, England, 1857-12-12 00:00:00

THE BANK ACT COMMITTEE.

The CllaTEaiiltortie7liellitit'ill: is mot:4
far the re appoietment of the select committee to inquire into
the of the Beak Act of 1144, and of the Be-k
Ade ibr Ireland led Sontiand for MS, observed that, on
istredsoles the Beek Indemnity Bill, he bed strong s
eirefeleat belief that the crisis eras peeing away, sad this
ceavikekte was cosign:m.4 by the present coediticie of the
bake sad nacre* in the Bank. Oa the Ilth of
November the amount of bullion eve
.!1,661,0001.,

es Theenistand B was 8,200,0001. ' • the engem;
le Y. m• I, which onof the 11th
Neesishereti,lC.M
on Thursday night amounted to
4,IIMMIOR Me Mee sile4tei to the resolution of whkk so-
ties bei be.. ghee by Mr. Dimwit, that "no further Ia
etheffeme ike epethilen et the Bask Act of 1844." If
lled mil Mr Be Ike Ws emeertilal crisis, he should be
he le smut to this resolution. so far ea the
M sees acincerned. but the effect Oahe rm.
Mks be le mein& the committee of last minks
hen melee to a concludon as to evidence already taken. sad
es es the eee,Ytial bank. of keno and the Irish and Bootek
beam akepther failed to meet the menthe ad-
gemeles of the coos. Since last year we bed bed
a issmanmelel antis, sad it would be for the ormailderailos
the gummier blew far the set of telt had evolved gay light
Bela meth mete He had thenekm given soda of an
lestseellee Me the esentstree to Impairs tete thin caner of the
meth therms, and bow far It bed been affected by the leers
far watfYrsat the isms et busk motes payable on demead.
Hell laved much of that distress had mire from the abuses
of Me uyUes et paying interest upon mosey at call ; and
wadile bee at abject of Wintry by the committee.
U ethat salgems the commute lee emits had takes
Ilk C. Lewis read the opinions of Taros. Sh-
eeler wpm the gentler release to the country keels;
whether Ole Beak of England should be tile see beak
dim; V sat, whether there Amid be a government
bit* 1104411/ what means rho government could supOy the
=a paper currency. lie confessed that he
whether the eubveremn of the present system would
he/ tfar admits., either in economy to the public or the
esseefee ef the notes. Looklieg to the present Mete et our
, ea/ he Ilse lames ot the Beek et Bar
Mit simira2 the laalie Rivals bosh, mad tbe
leish eel Scotch beefs be did mot me st=
swift In the es one of csropetent
whisk NOM upon t legislature to vest the tlgle
of lank* seem anoilusively to the Bonk of Begird,
or te shish that right and trthafer It to the go-
versinsee. It the late crisis had not grows out dry des
hot is eve emeisey Ire, but had arisen from a amp-
meth et ogled end credit, why skald there be a fwd
epee 110
fie(pmesemeat to kilthete am those laws, rill make a
Male enrreney policy f flieppeethe,
powthe
set ef IBM le be maistalesed, should the retails; be
le the gemenment or the Beak of Beaked ? He
that Were Yeepeelag reetrktiona the Bank, sad=
the Peak the power to Mai them. was ewer
loth to bents( no law at all. Mavis, road the wire
of Thames upon this point. be Mated tbe ledikeeks of
W Wad to be not to disturb the aiming span. Yoe
ere time, If lt about t ba the epistles of the her to
it was itammatientional so relax the law ea/ apply & Ii

diagrOF kr &iv so, be Al art Gni egy betif,e;ebto Oleo-
Ws les Amp. He doe diered the yeepoieb ea to all
bow d ummelel Itherthatheille end ie tie enlargemart
el the belt elf 14,11thelei. Seth by dr Act, vbici. ea so
One* Ithe eiltheled Tee quite open foe con-