The Express.
London, England, 1857-06-10 00:00:00

et* exortoo.

I
CORIUMPONDENTS.
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HIGH WATER AT LONDON BRIDGE.
rwelg-241"1"1 .. Maw." 41. NM
•

LONDON, WEDNESDAY, JUNE 10.

♦ DOUBLE NUMBER of the EXPRESS will
poilialaed • mil ON SATURDAYS.

Tim amet;isliiis on the timr Banta Bin at

its* • that the Miglof has received
d• iet eitlialitinithilis its impeller* demands, and
• we time SO totomr swill he .hard to remove in
Ca lmiMesita well- fannied eidoniena which have'
beau bangle again* wenn rob of the measure,
mbhiporipi iftewskompopiat of central
and negintilso ttttY.tb Ciatearnomni ANN tan-
desillekr pang. binseo hat that in
bombe the Bill Kr G. Lima ha bed no other
• view than that of conciliating the intereaM
ortir ispositora and of the nation at large. BM
an* set be forgotten that the spirit of oar institn-
P ISsdtta eery properly opposed to centrslisation, and
. .

that is thl;p;rticuliir cue toed self-government, to
L gent =bat, is one of the elements of oriocess.
and prosperity of Savings Banks
at attar tU mainly dspaad on the local
Ifielles and Managers, and to place them
la a pomition which they would feel to
he a sort of degradation, compared with that
width they now hold, would be, we are convinced,

fatal to ono of the great objects of Parliament—
wimely, the extension of the sphere of utility of the '
• Banks. A niossent's anmideration will show the
Sillsey oldie 'twined fist the Bill will wee beau-
rimy. Mk kW peepers to authorise the Gowen-
snit* asltiifibnelty Savings Bohm ellevevor
it my elotwary. Now, it is es Om as day,
•

that if sash • Bank were astablishal to la locality
lawn on already extet4 the Truism adult& de
t , net theme tease* the athilien papered. lite Cie-
. weuteent Pair urea have the preleeme to the
you of mit &guitars, end abler the two
intilndene would pukes the week II he
Aloe is a Suet expurins moder we the en-
, dariseleat beak (el wadi met probably he dr
athe) mud sloe its death But leave a eadier
, litjellen to the power to establiab banks in wbith
tnaarmaination of the whit staff weal, at the stalr
'oak test with Government it is an exteniss el
plume which we think Imal amesennty
i• and utheleable, seeing that the samba Ma alibi
al the Alibis weald be fixedby the central Gam&
•*.dittaa We is stet even yet know how many new
41111113, auditors, and inspectors are to be appointed,
• - that the amount of their salaries is to be—the
weld% ideas tithe measure, in fact, seem yet to
. If the constant supervision of the
lemalue sad managers is insufficient to guard against
reheat beads, by what process du the Government
Milan expect to detect defalcations ? It seems to
- that whatever security of that kind is
attainable may be secured by a fel=
elm regulations, seek as that in
is 1111 1111 suipedial the petiediesl preen ea et
depedbed lob, tar dm verdeetioe et vibe a
elopsedvely mall nook, ad beleganieet anillees
will he seiteient. The Wag of the OeNedlaust
Bank in by no satins athubint to inspire a very
exalted idea of Goverment segarrision, if it be tree
that the existence of deiludiens was long known
without a searching inquiry having been instituted.
On one point we are glad to see that Sir G.
Lxwts was explicit. If the Bill be passed, he is
prepared to Ur before Parliament, or before a Com-
mittee, a *AMA statement of the mode in which
the fan& base litineto been handled. Whether the
Bill Imo ea net, it is desirable that such
a or sineill he taken, and that henceforward
seas cladlb yds &veld be bid down, as far as
milk tartars "orations. It is not sufficient
iilitaiMlM Iffilinleot of the existing meets and
Weft Audi be peeiesed, but that all dealings
itilk the ha& wide me sot rendered necessary by
the allffillollans of the depositors should be clearly
aeldhlestly stated. Until that be done it will be
•beganthie Is medicate the impression that this vast
Mosond at poperty is used to facilitate, really or in
, ansomial operations, according to the
• =resteliet that may be entertained by the,
of the Exchequer for the time being.
Us Roses must recollect that whatever may be the
milmaliea in which the present Chancellor of the
bethegase end the Comptroller of the National Debt
Oast may be held, we cannot tell what may be the
theater of their successors, and to place
,in the hands of those officials a power so vague, and
m capable of injudicious use, not to use a stronger
tem, is somewhat unwise. Sir G. LEWlei confesses
that although the Dill has been fora long time in
preparation he is not prepared to lay before Perli►
mast the proposed regulations. " It has been his wish
to be guided by the most experienced officers, but it
is impossible to frame • code that will suit large
• Imam and small ores, well conducted banks and ill
eandueted ones." It Is clear, then, that " general
Wes "—if by that phrase rules of general force be
intreded—taint be named; but the Commissioners
have power in the Act to promulgate them, and to
that up the Banks—fce it amounts to that—which
may reject them as absurd or inapplicable. I
theme ,ales are to be submitted to Pupa-
meet within fifteen days of its meeting,
let that be done before they are made binding
as the various Banks, and let the Trustees have fall
noties of the rake that are to be so laid before Per-
bassist, that they may have opportunity sanded
them to state their objections. Nay, more. Why
has that not been already done ? Surely the regu-
lation mow adopted by the various Banks which are

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