The Sun.
London, England, 1839-03-11 00:00:00

COUNTRY BANKERS' AGENCY.

(From the Times City article.)
A project has been started in the City for a Country
Bankers' Agency," which, on account of its great novelty
of plan, in proposing to dispense with the aid of the.bankers
altogether, is occupying a considerale share of attention.
The leading features are, that an establishment is to be
formed in London solely for transacting the business of
country b,nkers; that each bank shall (I,•po,it a certain
sum, moderate in amount, as its own separate protective
capital ; that in order to insure the perfect safety of the
fund thus created, the Directors will be restricted from
employing any part of it except in Government se-
curities, cr those of the first class, contenting them-
selves with the most moderate return,
,and that they will
account to each country bank for the profit of the invest-
ment. The advantages proposed are, that the business
of country banks in London will -be conducted with
much less expense and attended with no risk ; that, being
relieved from keeping so large ,a capital as. heretofore in
the metinpolis; they will be protected against runs, andl.
employ their capital more
.profitably, the rate of interest
being generally higher in the country than in London, and
that they will share with the general agency the profit •of
all transactions undertaken for them. These are the par-
ticular advantages aimed at, but the parties anticipate some
public benefit from their plan of operation, in preventing
the accumulation of so much spare capital in London as is
done by the deposit funds of the country bankers, .and in
thus preventing speculation, as well as those abrupt
changes in the circulation which are the consequences of it.
On the merit of such a project it would be difficult, and in
this stage of it useless, to offer any opinion. There are
said to he some very respectable names connected with it,
and, like all projectors, of course sanguine as to the result.
The rest is to be decided as the experiment proceeds.

BRISTOL SUGAR-MARKET, MARCH B.—A
part of the cargo of Demerara, recently arrived, have been
brought to market and realizA extreme prices, but no•
thing can exceed the indisposition to purchase, and the
generally unprofitable hazardous state of the sugar trade.
There is every prospect of its so continuing until much
more certain information is received of the amount of the
yeir's import. —Bristol Mercury.
Two NEW CARDINALS.—At a Consistory
held on the 11th ult., the Pope created two new Cardinals,
M. Tosti, his Treasurer, and M. Soglia. The latter is to
be created Bishop of Ossimo and Angoli.
SHIP BUILDING.—We understand that the
wages of the Stockton shipwrights have been advanced to
303. pcir week. This effectually contradict; the opposi-
-1 tion to our statement that Hull is the best and cheapest

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THE THAMES TUNNEL.-The workmen of the
Thames Tunnel were on Saturday evening regaled by the
Directors of the Company with a substantial dinner of
roast beef and plum-pudding in the interior of the works,
in consequence of having perfected 860 feet of the tunnel.
Between 200 and 300 individuals sat down to dinner. Mr.
Brunel, Mr. Haa es, M.P., for Lambeth, and Chairman of
the Board of Directors, with other gentlemen connected
with the undertaking, were present, and several appro-
priate toasts were given. The hand of the Coldstream
Guards was in attendance, and played several favourite airs.
The Prussian Government have drawn by lots a
number of bonds of the Stoats- Sehaldscheine to the aou
July
next.
The Great Western is hourly expected to arrive
from New York. Several parties were on the look out
for her, yesterday, at Portishead.—Bristo/Mercury.
COVENT GARDEN THEATRE.—Sh' Lytton
Bulwer's _Richelieu was performed here on Saturday even-
ing, for the second time, to a house full, but not so
crowded as on the night of its prcduction. It was con-
siderably curtailed, and consequently went off even mere
gl,bly than at first. The Queen, who honoured the per-
fortnance, privately, with her presence, was received by
Mr. Serle and Mr. Notter, the box-bookkeeper. Her
Majesty left the theatre immediately upon the conclusion
of .he play. Macready was called for, &LS usual. -
The Chancellor of the Exchequer leaves town
to-day, for Gunsbury, to be present at the marriage of his
eldest son with Miss Frero, hich happy event will be
solemnized to-morrow (this day).—Observer.
IN RE HALLS.—On the application of Mr.
the Magistrate, whovo case was
Woodroffe, Mr. Hall,
before the Insolvent Debtors' Court a few days ago, was
on Monday ordered to be brought up and discharged, he
having procured a consent to a notice for which it was
adjourned. who has ertot , been
Lord Francis Eg sufferin
which had confined him to
a violent attack of gout,
his bed for several days, was considerably better on Sun.
when be was able to sit in the draw •
day afternoon, mg-
room.
—Since T t
STATE OF TRADE.Tuesday last, the
animated demand for cotton in Liverpool has continued to
act upon this market, and a still_ furtherl advance has been
generally realised, both on goods and yarn, though not to
a greater extent than the increase in the price of cotton
since that time. so that the spinners and manufacturers
derive no benefit from it. Under these cireurastancesAhe
workingArf short time, which sees indispensible for.the
protection of their interests, is rapidly extending.
Age-
neral meeting of the cottomspinnets and manufacturers of
St ~'e b i 'go ni the wighb: u be d was held on Wednesday
evening, when it was resolved thatld
S the respective firms
composing the Asociation shou commence on Monday
next, working three days a Wcck oni, to continue for six
months, unless a change of circumstances should arise ;
and we understand that the example is likely to be followed
by all the spinners Ashton-under- Lytle. As this reso-
lution will apply to a number of large establishments, pro-
during a very considerable quantity of
goads and yarn, it,
is likely to producc an ireportant effect upon the markets,
and also, we are sort), to say, upon the condition of
the working classes in the neighbourhood.—Manchester
Guardian.