The Sun.
London, England, 1839-10-15 00:00:00

This day is published,
THE BRITISH AND FOREIGN RE
VIEW, No. XVIII.

CONTENTS.
1. Life of Joseph Brant Thayendenegoa.
2. The Sat and the Church.
3. The African Clav• Trade.
4. The Corn Trade.—Neapolitan Agriculture.
5. The Confessions of a Thug.
G. The Dismemberment of Belgium.
7. Tytler's Reigns of Edward and Mary.
8. Remedial Measures for Ireland.•
9. The Poems of Homer.
London : R. and J. E. Tarim., Red Lien-court, Fleet.
street :—Edinburgh A. and C, Black :—Dublin : J. Cum.
ming.

BANK OF ENGLAND AND OTHER
BANKS OF ISSUE.

The Directors of the Bank of England have lately
adopted an extraordinary resolution, which has caused
the utmost alarm at Liverpool, and indeed through-
out the whole of Lancashire and the manufacturing
districts. They have resolved, in the management
of their discount business, both in London and at their
branches, to reject all bills bearing the signature of a
Bank of Issue, whether private or joint stock. Bills
drawn and accepted by merchants and traders, with a do-
zen eudorsements, have been rejected merely because one
of those endorsements happened to be that of a country
banker, issuing his own notes, or of a joint stock
bank of issue ; also the drafts of country bankers
on their London bankers or agents, and ac-
cepted by them, have been rejected. In Lancashire
all sales are made with the condition for payment in
cash or bankers' bills—meaning bills drawn or accepted or
endorsed by bankers ; now this resolution declares all
such bills to be tainted or objectionable, consequently
the merchants fear that it will have the effect of sus-
pending all transactions and of embarrassing their
dealings. A deputation from the Liverpool banks
waited upon the Governor of the Bank of England, on
Friday week, to point out the injustice and impolicy of
the measure, when he promised to lay their state-
ments before the general Court of Directors, giving
them reason to hope that the grievance would be reme-
died. On Thursday last the Court deliberated on the
subject, and after a lengthened discussion, they in-
formed the deputation that the obnoxious resolution
could not be rescinded. The deputation returned
immediately to Liverpool, and on Friday private meet-
ings were called, to consider what further steps should
be taken ; which will probably end in a resolution to call
general meetings of the mercantile and banking interests
there, and to present a strong memorial to the Govern-
ment, praying for its intercession.
We look upon this act of the Bank of England
as both injudicious and ill timed ; but we do not see
so much cause for alarm as those on the spot
express ; because an act of -tyranny of this nature will
certainly excite the indignation of all classes of traders
throughout the country, who will probably find means to
make themselves quite independent of the Bank. It may
even be the means of resorting more generally to the
use of country bank-notes, to the exclusion of those of
the Bank of England, which have hitherto formed the
bulk of the circulation in Lancashire.—Globe.

THE MARKETS.(YESTER DAY.

PRICE OF' BREAD.
The highest price of Bread in the Metropolis is INd. for the 41b.
Loaf, Good Bread may be had at l/d,,

F SEEDS.
Per Quarter.
St. Fon' —s. 45s M.
Rye Grass —l, 4Cs. 4s#
r .icey Grass —s. 6
Linseed, for feeding—s, 4s s. 52s
Ditto, for swing —s. 51s. 5S
Ditto, far crushing —s 425. Cis
Canary —s 70s. sOs.
Hemp —s 33s 40s
Per Bushel.
White Mustard...l is. no!. 14s. rd.
Brown Ditto lss.Od. 19s. Od
Tares Ss, Csd. 7.. 6d.
Ist) 281. 31/, Foreign 265. £6l;.