The Sun.
London, England, 1852-09-16 00:00:00

debate and argument. But it was not fair to attack the
rum:lege:tent merely because it was possibly last
half-year to pay a larger dividend than 3i
P_,'r cent. The chances ,‘ ere that when the
DIY came for the reiliewul c! the charter, some strict
taehec'enr°Dlii: in the House of Commons would propose some
it
alien which might afisct the dividend, but at present
, ere was no necessity for entering into the matters
Drought forward by Mr. Da Winton.
Mr. DE WINTON rcae, amidst some opposition, and
srltuitted that he had entire confidence in the directors,
but he thought if their accounts were well kept, they need
not be ashamed to show them. There was now an item
of 12 millions unemployed, and if only half of that
were
employed at one-and-a-half per cent. it would
Produce 90,0004 a year. If the accounts were placed
regularly before the proprietors every half-year ho was
ilytneed the proprietors would have a larger
a?dividend and they would. besides be enabled
to judge fora hem whether the, business was
treoaducted in the most economical way possible. The
jam. Proprietor then gave notice that at the next meet-
ghe would propose that a ccpy of the accounts be
regulsrly transmitted to all proprietors holding 5004 or
more stock, at least three days b don every half-yearly
ting.
tii,Mr. COOK deprecated the suggestion made by Mr. De
nt en as to the more extended publication of the ae-
wits, inasmuch as the Bank of England was
tot
provincial establishment, but had to manage
Ihst tr
ansa
inactions of the Government, which could not be
ooked .
of A
xt STERMAN, M.P,, alluded to the present scarcity
pr,-Yer, and inquired whether any measures were in
T'gress for rendering the supply more plentiful.
,e ered GOVERNOR. said the ]yank of England had
to ered as mute inconveniei ice as any of the
tithm bankers from the want ,)f silver, which he be-
g:red had been caused by the abstraction of a certain
:AtititY, of silver coin for emigration, at a time when
ie 'I. Was in general demand :for agricultural purposes
sh.,"nrlexion with the harvest. This silver was
ex.,,racted at a peculiar moment, and to a greater
ei 41:It probably than it could be under any other
ottbettutstances. Mr. Masterman, as well as every
44ker banker in London, was aware that the
eire
4,m ?f England had no control over the silver
,-,:atl°l3. They were supplied with the coin by the
ste'rament, and they were not allowed to hold a larger
4411 of it than was necessary for their ordinary
voer.,,g Purposes. But at the seam time they endea-
-141,1" to give every facility for the distribution of silver,
elea`ueY kept up at considerable expense an establish-
the
11eleaost exclusively for the purpose of arranging
hit) 14res and egress of silver, so as to give rise to as
inconvenience as possible in its general distribu-
tilt It was with very great unwillingness they
es.
gettio Y impediment in the way of London bankers
tee g large sums of silver for their country cor-
t4Ddeets, who seemed to think that the
telto was bound to give every amount they
the tfor, without regard to the amount in
for ti;reasury at the time. It was quite impossible
tote ke Bank to accede to their requests, but the three-
ead ordered a quantity of silver coin, and he be-
keed all difficulties in obtaining a supply would speedily
hPl)..e(llear.)
tp4o e dividend was then agreed to, and the warrants
tot4ttheed to be payable on and after the 11th of Oc
T 1; next.
°Proceedings then terminated.