The British Press; or, Morning Literary Advertiser.
London, England, 1825-10-08 00:00:00

FAILURE. OF TWO BANKS.

IFrom the Plymouth Journal. 4
It is with great pain we have to record the failure of two
respectable banking establishments in our neighbourhood.
The Kingsbridge Bank (Messrs. Square, Prideaux, and
Co.) stopped payment yesterday sennight, and the alarm
occasioned by this circumstance spread with rapidity
through the country. An immediate and unexampled run
took place on every bank without distinction in this mitt,
at Ikvonpott, and in fact throughout the south of Devon.
This spirit was further excited on Saturday, when it was
known that the firm of Messrs. Shiells and Johns, at De-
vottport, unable to withstand the severe run, had also been
obliged to suspend their payments. On that day, and o❑
Monday, and the early part of Tuesday last, confidence
seemed entirely at a stand ; an universal consternation pre-
vailed. &mg the influx of the lower classes from the country
continued almost without itifelittptten ett.it iFetesday noon,
when, in consequence of the prompt manner in which the
different banks met their issues, and the unconcern ex-
pressed by the principal merchants and tradesmen of these
towns, who exhibited notices in their windows that they
were ready to take the notes of either of the banks, in ex-
change, to any amount, the panic suddenly subsided, and
business is now resuming its usual attitude. It is gratify-
big to notice the stability of our banking establishments,
thus unquestionably proved by their readiness in meeting
such a sudden and unprecedented demand on their re-
sources. The peculiar situation of country bankers ought
to be taken Into account. In Loudon, good securities may
be converted into money on any sudden emergency at half
an hour's notice; but provincial bankers must, in a great
degree, depend on their own immediate resources, the dis-
tance from the money market being too great to allow a
supply of cash reaching in time to provide against extraor-
dinary and unforeseen demands. It is, therefore, not
always a proof of the insolvency of a bank when they am
unable to meet such sudden and extensive calls with
promptitude: from the very. nature of their business they
' the Pivm"..•`

NOVA SCOTIA.

Halifax Papers have been received to the 17th Sep-
tember. The following ate extracts :--4-

HALIFAX, SErT. 16
His Majesty's sloop Sapi ho, on her passage from hence to Ber.
muds, August 28, ten o'clock a. m. lost her main-toptrut m •
violent squall ; and at half-pest twelve her foremast went. ard ii
its fall killed a seaman, and wounded four others--then 150 miles
N.E. of Berrr.uds, the gale blowing violently for twenty-four
hours. August 29th, arrived at Bermuda, which had suffered
severely from the storm—several houses were unroofed, and ore
blown down: an artilleryman had been killed, trees were tom up,
and eery serious mischief done in every direction : in the dock-yard
alone the damage was estimated at little short of 2,0001. sterling.
Ott approaching the harbour, about nine o'clock p.m. the Sappho
unfortunately struck on some of the rocks near Sembro Light-house,
by which the sustained considerable damage.
Tat FismERIES--Soree of our papers have complained 'otcly,
in strong terms, of the advantages given to the American limiter.
men by the Treaty of Ohent but this is a great mistake, which,
however, may be easily rectified by the perusal of Lord Bethune*
letter of June 17, 1815, where it will be seen, that " the treaty of
peace concluded with the United States contained no provision with
respect to the fisheries which the United States enjoyed nailer the
3d article of the peace of 1783;" and, of coarse, that the subject'
of the United States could have " no pretence to any tight to fish
within the Britisurisdiction, or to use the British territory fot
purposes connected with the fishery." But the treaty of October,
1818, and the Act of Parliament which followed that document.
June 14, 1819, gave to the Americans greater advantages, in some
respects, than they had previously enjoyed under the treaty of
1783, and which they have constantly mdavoured to Improve, as
might hare been expected, by fishing, trading, srntv sling, and
every method in their power, to the goat detnsent and injury of
our merchants, coasters, and, indeed, of the whole
.colonial in.
tercet; nor have we ever heard of any equivalent given by the
American Government foe the three mile line, which insured to
them all the benefits of the in.ehore business.
The Herald yacht, with the Earl and Countess of Dalhousie on
board, for Quebec, was fallen in with, about ten days ago, at the
entrance of the Gulf—all well.
The Governor Halkett, Dixon, arrived
_yesterday from Hull,
was struck by banning on the 7th inst. off Cape Rosier, distant
16 mils W.S.W. It came down the main-top-gallant mast,
which, with the main-topmast, were torn to pieces, raised up the
main deck near the main-mast, and injured the long-boat. One
man, in the set of handing the sail on the top-gallant-yard, was so
much scorched that be was obliged to be lowered to the deck ; and
another, near the mainmast, was knocked down, and his skin
much burntl from his neck, down his left aide to his feet. The
clothes of both are literally burnt to rags; they have partly re.
covered, but are still ill.

inquiry; we were 'are entitled to forbearance; but the Plymouth and Devon-
' at least, that he port banks, with the single exception mentioned above,
was bred by his have demonstrated the secure basis on which they stand.
to that business. We have been informed that between flay and sixty thou-
of employment, sand pounds, in sovereimis and bank-notes, arrived here
r superior in Ws on Tuesday, from London. for their use, t;d a consider-
and watohes, • able supply is also on the road.
m repairing the
in cases where it is aneriersaand 7C77l;ell=llllnV top/mot win has,
a watch or chub; ithe Mastership of St. Oswald's Holpitake-..Wereeste#
or. ../onward.