The British Press; or, Morning Literary Advertiser.
London, England, 1821-09-21 00:00:00

7;e7

BANK OF ENGLAND.
•t'
. . .
Yesterday a Meeting of Proprietors took ;Aare,
for the purpose of considering of a hulf.yeatly rlive-
dend. The Chairman produced a resolution of
the Directors, recommending that the
the half-year ending the 10111 October iiretoohould
he 5/. per cent. wiiich resolution be proposed for
the adoption of the Mewling.
Mr. GUNDRY rose and said, he had his usual
task, I e feared as ineffectual its ever. to petroetes
that of ceiling for some specific and detailed in-
tormatroo respecting the concerns of the Bank.
H• then said that his age and infirmities pretreated
ma delivering himself so he us. *Old to do in ergo.
menu in support of that motion in a speech, and
oil that account he solicited permission to'reud his
.perch in writing. He immediately reasserted the
arguments which he has bees, in the habit of using
at former meetings, to shew the neces►ity or the
Bank concerns being submitted to the inspection of
the Proprietor+, to enable them to say what ttie
dividend ought to be. This inforinetion, he coo-
tended, they were entitled to by law, by charter,
and by common sense. Standing alone when he
applied at his own espen.e, in the King's Bruck, fur
a MeNdIaINUS to compel the Directors to produce their
accounts as by charter they were bound to do, the
Judges there did not controvert his construction of
the charter, but pointed out a different form of
preliminary proceeding for his adoption. After
consulting able lawyer*, he at leirgth found that
the remedy prescribed for him was in the Court of
Chancery ; and need they wonder that, ap-
proaching his 80111 year, on a subject deer io his
heart, be felt little disposition to decelerate his ob-
ject by embarking at that periud of his life in a
Chancery ►uit. Not feeling any inclination to
purane his object through the Court., lie hail re-
curred once more to the by-laws not that Court
fit the support of hie proposition. feeling this
couch contidenceiu hi+ present mode of appeal, that
it could not be got rid of by aside-trim!, but must
be determined by a ballot. He hoped that they, a
very limited number of Proprietors in the int iropults,
were nut prepared, without the fullest coosidera-
tion being first given, to ballot away the iirterests of
the ironwood Proprietors Scalttirtd over the
kmgdoru—some in Cornwall. some in Yorkshire.
After dwelling on this topic he promised them, that,
though living at a distance, and bring advanced in
years, he would carefully and regularly attend their
meetings and etilorce his proposition. He then
moved an amendment, to substitute 6 per ceut. for
5 in the original 'notion.
The amendment was put, and the hand of the
mover being the only one held up iu support of it,
was lost.
Mr. GUNDRY required the ballot to be taken.
After some conversation, in which Serjeant Bo-
tIANISUET participated, it was understood that a
ballot could not be bad without nine or ten pro-
prietors sobscribiog to demand it.
Mr. Guaoat insisted that he was right, and
that no other than the course proposed by him was
taken at the last ballot.

This was contradicted by several of the Pro-
prietors.
A Gentleman, who was understood to be a
hanker of Bath, wished to know ►f the Directors
had any objection to state if the Bank transactions
had been prosperous or not last year, as he conceived
that information to be necessary to enable them to
understand the propriety of the proposed dividend.
• The CHAIRMAN replied, that it mould he to
• encourage great irregularity in their proceedings to
answer the questions of any Gentleman who thought
proper to call on him, respecting the opinions of
the Directors—that the Proprietors no doubt lied
the fullest confidence in the Directors, who would
not have proposed the dividend without the fullest
consideration. The present dividend had been de-
termined on after a full confidential of the Bank.
Another Gentleman pressed the Chairman to
say if the Directors were not about to reduce the
rate of interest from 5 to 4 per cent. and enforced
the necessity of determining such a rumour by
admitting or denying it.
The CHAIRMAN again objected to being goes-
Coned on behalf of the Directors, 'anent% the
Court that the Directors would take ►o step not
calculated to promote the interests of their concerti,
and he cautioned Gentlemen against lending a
ready ear to such &snug rumours, the best way for
discrediting which would be to disregard then►.
'f he saute Gentleman again. pressed for some
general answer, on what he conceived to be so im-
portant a subject.
The CHAIRMAN declined ■ny reply, for the rea.
sons before stated.

Another Gentleman desired to know what steps
were taking respecting the new Bank rioter ? He
was led to this inquiry• by observing the perse-
verance of the Bank in prosecution* for forgery,
w►th a penalty attached, svbich, as he thought, with
many others, Its be more than comn►ensurate with
the offence.
Tne CHAIRMAN replied, after some observations
ott the pains taken by the Bank to promote the
suggested project, that the result was tin entire
failure. The subject was, however, continually
under the consideration of the Bank ; nor would
they neglect any measures found to be conducive
to the end in view. As to the prosecut. and
punishment of forgery, the one was undertakris by
the Bank for public security, the other trvted en-
tirely with the Legislature. The B.u►k had to
obey, not to dictate the law. T►iey were anxious
to give every facility for the exchange of metallic
currency to the holders of notes, nut alone of the
small, but of all others of their notes.
The dividend was ■greed to uusuiurou►ly, and
the Court adjourned.

•
Up to the 6.h of August, 286 vettiolv, and 6,367
tattlers, arrived at Quebec this eeaeon.
DOUGLAS, ISLE or MAN, SEPTEMBER 15.•
Extract of a letter from a traveller, received thu
morning In crossing from bierpool to this
place, on Tuesday lest, during n :wavy gale of
viud, 1 saw a large outward-bound vessel inlander
at sea, and lament to say that all hands perished. '
Every endeavour was made eu our part to afford
the unfortunate sufferers soststdou,e, tout the tea
ran mountains high, and all proved ineffectual,
Her mane is unknown. We have had very boister-
ous weather here, and fear much damage has born
felt' amongst the shipping."

• , .
THE TURF.
DONCASTER Al ECTING, ISM

77,7

•
WoOnnsoan. sorgonindat 11. •
Sgresp.taies of 200 ors. each, h. ft 'cult., bat 31b..1 611ies, 44.
St Leger Coons,. (6 itsobsershetv.o
sir tit. M. Sykra's br. e. hySwolruskn, dap by Sboitio..
Mr. %Vat t's ch. c. Calabar.. by Gerbans, oat to Alusidun
Mr. Pekoe's gr. f. by CVRM., out of Lions,
I to 41 on the artist:lv; WWI by *coeval levy Pie.
TheGomorra? Stakes-0f LbOp. each, 30Es. ft. ivalts,Ast. sib..
‘L. Mims, 8.5. ilh. Leger Cwtsrae. (I 4 SobaeriUrri.)
Mr. Wysill'a b. f. My Lady, by Como.
Mr. Homer's gr. Gemara., by Elect 0001
LAM' !bi b.e. Sa ndberk, by Cal 00000 , not of Orvit:iiiatdia.
Mow Ipy a sort —2 tit l'ag.tioat Gustavus-4 to 1 trehiinit
My Lady..-5 to 4at isnot Ssodhock —Sandbork fell to . wo.
Wig, and sod the juekry hurt.
The second year of the renewed Donesster St skier, l' I'.
each, with ittrgs. added by she Corporation, for hostresoke.
tof ail ages; tkrre.y.sr olds, 6st.; four, 7sl. ; lie.,
Ilst.3lls. • six and aged, 4.t. 1646. Four (14 SitllK
scribers.)
Mr. Loonitiow's br. c. Borodino, by Snatillinalto. 4 pill Of I
Mr. Prime's b. h. Reveller, by COMM', 6 yrs 044 2
Mr. Gascuirewis b. f. Cora, by Wail, 4 ysti old
Mr. Petre's hr. c. Sir John. by Sasultrosltn. 4 "mold
Mr. G. L. Fol.'. cb. c. Muntetib, 4 yrs old
14 Fitresolliant's ch. f Civil, 3 yes old
IA Milton's b. c. Sendbeck. by Coo ton, 3 yrs alit
Mr. T. O. Pooletes b. b. The Joralrr, 6 yrs old
Ld Searbropah's bl. h. The Black Prises, S yrs old
Sir M. II .SI kes's br. c. brusher to A wielupe, 3 ),. old
Mr. Watt's br. c. Serpens, by Crrh.osir, 4 yrs old
Mr. Houldoworth's b. I by Ott/ale, 3 yts old
tr to 2 us Ilevellta.

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