The Sun.
London, England, 1825-12-15 00:00:00

WA KEFIELD BANK.

AKT:FI ELT), SATURDA,Y, I)ec. 10.-A lipre-
hensive of the distress that must be brought upon this town and
neighbourhood by a total withdrawing of the local circulating
medium, and being well aware that the known prudence of
Messrs. LEATHAM, TEE, and Co.'s Bank will, in the present
crisis, restrain them from giving that accommodation which the
Public so imperiously requires—
" We, the undersigned, fully impressed with the injury that
must result froM the withdraring of the circulating medium,
do declare our perfect and complete confidence in the stability
of Messrs. Leatham, 'few, and Co.'s Rank, and do solicit
them to continue this necessary accommodation to the public,
by the re-issue of their local notes to such an extent as their
prudence may dictate ; and we pledge ourselves to receive and
pay the same in the regular course of business."
Here-follow the signatures of 70 of the most respectable firms
and individuals in that part of the country.]

LEEDS BANK. ,
LEEDS, DEC. 12,.—herewith 1 send you a document which
has'been produced in consequence of the run, which has been
continuctl'on all our Banks up to this -afternoon. It subsided
entirely towards evening ; and although some of the Banks re-
mained open an hour after the usual time, no applications for
cash were made, so that we expect their troubles are at an end.
The applicants for cash were chiefly those who held one, two,
or three notes, which consequently produced much bustle with-
out much effect. Even Becketts have had a share in the good
things. The respectable part of the community in our town
never felt any alarm concerning our banks, as it is well known
they have for some time been preparing themselves for such
an event as has occurred.—A document of a similar -nature
to this has issued from Halifax in behalf of the banks of
that place, signed by upwards of two hundred inabitants.—
There is also one from Wakefield, in favour of Lea-•
tham, Yew, and Trueman, of Wakefield. It is expected
that the country people who attend the market may
to-morrow cause sonic demand for cash, but we calculate this
paper will check the effervescence somewhat. There is a run
upon all the banks in the Riding more or less. It is confidently
stated by some that Earl Fitzwilliarn has offered to advance
Wentworth's 100,0001. and that they will consequently be en-
abled to resume payment, but no day is named. lam going
to Huddersfield to-morrow, anti if any thing occurs, which may
be considered of interest to you, I will write you.
[The following is the notice 'referred to in the above letter.]
" Leeds. Bank Noles.—At a numerous meet held this day,
at the Court-house in Leeds, Henry Hall, Esq., Mayor, in the
chair, it was unanimously resolved—That we, the undersigned
foreseeing the ruinous effects upon trade which must be produc-
ed by withdrawing from circulation the provincial promissory
notes ,think it proper to express our entire confidence in the
stability of the Leeds' Banks. and our determination to take.
their notes, as usual, to any amount. •
" Leeds, Dec. 12, 1825."
[Here follow upwards of 400 signatures of the principal firms
and individuals in Leeds and its vicinity.]

BRADFORD BANK.
BRADFORD, Dt c. 12.—We, the undersigned. are desirous
to express our entire confidence in the perfect stability of the
Bank of C. H. and A. Harris, of this town. and are not only
ready to accept in payment any of their notes, but offer our
united guarantee for the safety and responsibility of the firm.
[Here follow the signatures of 30 firms and individuals,
whose joint property is estimated to exceed one million sterling.]

(17roni (hi Manchester Mercury of .1),-c. 13.)
At Leeds, on Saturday morning, the panic was excessive on
bearing the failure of Messrs. Wentworth and Co, The doors
of the banking houses were instantly besieged by those who
held any of their notes, but fortunately the London correspon-
dents of the Leeds banks, perceiving the effects which the
failure of Messrs. Wentworth and Co. would produce, had
prudently sent them down large supplies, and they met every
demand with the utmost promptitude, and kept open till 14
o'clock at night.
At Halifax, symptoms of a run manifested itself on Satur-
day, but a larger number of the most respectable commercial
men signing a placard, which was generally circulated about
the town, expressing their full confidence in the stability of the
two banks to receive their notes in payment, the destruction of
confidence was much less complete thattlt would otherwise have
been.

YORK BANK.
( From the York Courant of Dec, 12.1

" Courant Ofsce, Monday morning, Eleven o'clock.

• MESSRS. WENTWORTII AND CO's BANX.—The following
particulars we think it our duty to communicate, and which
must be very gratifying to the public :
" The London Papers have, in some respects, exaggerated
the circumstances of the case. It is a fact that Wentworth
and Co. have not any other banks where notes are issued than
those at York, Wakefield, and Bradford. At the other places
alluded ,to they have neither Branch Banks, as stated, nor any
agent. It is also no less true, that the notes which have been
issued by them, though stated in the Landon papers to be
400.0001., do not amount to half that suwl. But the most
pleasing part of the statement, which has been thus made to
us, is relative to the almost certain result, viz. that the public
will not lose,any thing, and that the house will in a very short-
time be re-opened. Two of the partners are at present in Lon-
don, making the requisite arrangements with the Bank of
England, and individuals of the highest rank and respecta-
bility are forwarding this most honourable and desirable result."

BANE OF IRELAND.—The Bank of Ireland will le closed
against any business on the sth, 6th, and 7th January next, in
order to be prepared with their arrangements fot the assimila-
tion of the currency. The present issue Of. the notes of the
Bank of Irelank will, without any limitation in point of time,
retain their present value in gold and silver, from and after the
sth day of January next.

A Diy-Scnoot. for the education of the chil-
dren of poor Pritish subjects has been lately established in Paris
under the patronage of Lord an Lady G arxv i. LE: It is to
be supported by voluntary contributions, and our Ambassador
and his Lady have each subscribed 25/. Almost all the Eng-
lish families in Paris have given their support to this Institu-
tion the prospectus to which states that it is formed for the pur..
pose of moral and religious education for the children.
LITERARY INSTITUTIONS AT STAINES.—The
little town of Staines has followed the example set by the Loe-
don Literary and Scientific Institulion. A public meeting was
held there on Thursday last, for the establishment of a public
library for the use of the inhabitants of that town. The Rev.
J. G OWE T .311 A., the Vicar oldie parish, was unanimously
called to the chair. 31r. GEORGE BENNET T described the
benefits which such institutions, were calculated to commu-
nicate, especially in such towns where there was in general less
time devoted to business than in the metropolis, in which
the hours, it had been thought by some, hung less heavily.
For the want of amusement in some, and of instruction in
others, there could not be a more etlicaciouß remedy than
that which he now proposed. He then stated, that, in
his opinion, the best mode of proceeding would he that
the principal inhabitants should subscribe a given sum
(about ten guineas each), which would enable :them to
form at once a serviceable library. The rest of the 'inha-
bitants should be admitted on the payment of one guinea
each per annum subscription, and whatever money was re-
ceived should be laid out in the purchase of books. 31r. Su >l-
- and Dr. LANG RIDGE acknowledged that Mr. Ben-
net's plan was good, and would .be immediately productive of
excellent effects, but they thought it would be considered
more generally acceptable if all the inhabitants were allow-
ed to subscribe alike, since, according to the suggestion just
given, the management would be placed in the.hands of a li-
mited number, or of those who should first subscribe, and
the institution would have the appearance of a Joint Stock Li-
terary Company. The distinctions which shareholding made
in such institutions, had, in the metropolis, been found pre-
judicial. By raising a general subscription, a very large li-
brary might be obtained, and from the liberal and enlightened
spirit which had been manifested by persons of wealth and re-
spectability in the neighbourhood, considerable donations
might he expected. The library thus formed
,would combine
the advantages of a library of reference, and a circulating. li-
brary. There were many book clubs in the town, which might
be expected to join them, as the clubs were expensive without
being so beneficial as the institute was likely to prove. Th's
amended plan was highly approved of, and -after some dis-
ussion, ado] te,l; a day of meeting was appointed, at which
a Committee of .a/anagement will be elected, and regulations
. ,
entered into.

MEEIING Al''lllF, MANSION-HOUSE.

Yest!rday a Meeting was held in a private-
in the Mansion-house, to take into consideration the exist-
ing agitation in the city,and to adept such measures as should be
siee.mede necessary. Only persons who had been invited to at-
And the meeting were admitted. The following is a copy of
.tbe letter of invitation :
" The Lord Mayor presents compliments to --, and
by tke desire of several merchants and bankers, requests the
-favour of his attendance at the Mansion-house, at half-past one
eeaieely, upon urgent business connected with the present state
ot the city.
"Mansion-house, 11 o'clock, Dec. 14."
At two o'clock the Lonn MAYOR took the chair, there being
--then assembled about 150 of the most respectable merchants and
traders in the city. Amongst others we. observed—Messrs. Ir-
Stephen Thornton, Baring, Bazett, Tooke, Larpent,
Thole:peon, Macauley, Hart Davis, Rickards, Holland, the
Chairman and Deputy Chairman of the East India Company',
• G. Hibbert, Innes, M. P.,t -Bonham, Fletcher, Alex-
ander, M.P., Crawford, Bainbridge, Melville, Raikes, Solly,
Warre, Maclean, Gibson, Buckle, Lyall, C. Bosanquet, J.
Bosanquet, Alderman Wood, Alderman Thompson, Alder-
man Garrett, Alderman Thorp, Alderman Atkins, T. Wilson,
lionginan, Hurst, Bonsor, Baldwin, and Sir C. Flower,
and Sirelames Shaw, &c. &c
The LORD MAYOR observed, that it was almost unneces-
sary to state, that.the Meeting had its origin in the alarm which
revelled in the City of London respecting Bankers. It would
appear presnmptuous in him to do more than request the seri-
ous attention of the meeting to whatever might be submitted to
them. If the proceedings of an assembly derived weight from
the character of the persons composing it, the result of the pre-
sent meeting could not fail to be considered of importance,
.formed as it was of the highly respectable individuals whom he
- saw around him. It had been, at a late hour on the preceding
etioght, determined that the meeting should be called. The
-proceeding did not originate entirely with himself; he had
been guided by the advice of his brother Magistrates, and other
persons who were greatly respected in the city.
Mr. YONGE hoped that the projectors of the meeting were
prepared to submit some resolutions to the assembly; it
would, in his opinion, be a waste of time, and serve no
good purpose, to enter upon the discussion of abstract
principles.
The LORD MAYOR stated, that Mr. Wilson, the Member
for they City, had some to propose to the meeting.
Mr. WILSON said, that be felt some diffidence in addres-
sing the meeting, and wished that the task which had been im-
posed upon hint had fallen into other hands. Ile felt, how-
ever, that as one of the Representatves of the City of London,
it wasliis duty at all times to obey the call of his fellow-citi-
eens, and to render them all the service in his power.-. (Heir !)
—Every body must he aware of the difficulties under which the
monied interest in the City of London at present laboured. It
was hardly necessary that he should attempt to explain the way
in which those difficulties had originated. They had their
origin in an excess of riches. People found themselves a short
time back overwhelmed, as it were, with money, stet!, as was
always the case in such circumstances, did not make the most
prudent use of it. Merchants and bankers were induced to
lock up their money in securities, not always convertible on a
sudden, and an alteration having taken place in the value of-
money, and certain changes in the nature of trade, in conse-
quence of certain Acts of Parliament, the present unfortunate
state of things had thereby been produced. It was unnecessary
-to dwell upon the present unfortunate circumstances ; it was
sufficient to know that they were the natural result of the causes
to which he had briefly alluded. The Committee who had
summoned the present meeting had found great difficulty in
coming to any conclusion on the subject • hut they had finally
framed a resolution which it would he his duty to propose
to the meeting for adoption. At the same time he felt it
necessary to state that the Committee would be most
happy if any Gentleman present would propose any
thing which was in unison with their resolution, or
could he substituted for it. The resolution of the
Committee was perfectly simple : it would pledge no person
who supported it to any particular theory. It consisted of no
-more than an expression of opinion that all that was now going
on was for the best. The consequences of such a declaration
proceeding from a meeting like the present would be most be.
neficial ; it would convince people that more depended on
themselves than on any body else. What was now chiefly to
be complained of was, the want of confidence in each other
which prevailed among the mercantile men.—(Hear !)—A
more striking instance of the evils resulting from a want of cone
Science could not be adduced than the case of a banking-house
which had lately stopped payment, although the individual at
the head of the concern was as rich, or perhaps richer, than
my person present, and was prepared to pay 205., 305., or
probably 60s. in the pound.—( Hear !)—lt was the deity of all
se members of a great community to support one another, and
by so doing confidence would be restored, and the present
alarm would subside. He was happy to state that their Chief
Magistrate had received an assurance from the Bank Directors,
that they would do every thing in their power to remedy the
existing evils both in the city and in the country. The Hon.
Gentleman then read theresolution prepared by the Committee,,
which was as folloWs:

" That it having been stated to the meeting that the Direc-
tort of the Bank of England are extending their accommoda-
tion to the public, both in town and country, by every means
in their power, the meeting, under all the circumstances., does
nos think it expedient that a public meeting should be called."
Mr. YONGE was desirous that the resolution just read by
the lion. Member should not be immediately proposed, be-
cause the question of the expediency of calling a public meet.
int; would depend very much on what might be done at the
present meeting. At present his opinion was against the call.
ing of a public meeting i • but before he came to a determination
on the subject he wished to hear the declaration which was to
be submitted to the meeting.
Mr. WILSON said, the lion. Gentleman was mistaken in
supposing that any declaration was to be read to the meeting.
The Committee, after giving the subject their fullest consi-
deration, had determined not to draw up any declaration, be-
cause they were convinced that the principles it maintained on
the facts it proclaimed would be supported by one party ; they
Would, perhaps, be opposed by another, and that the unani-
mity which it was so desirable to preserve on such an occasion
as the present would be destroyed.
Mr. BARING, having been called upon by many voices, rose
and observed, that unhappily it was impossible to entertain
any doubt that the state of things at present existing was as
unfortunate and as pregnant with evil as it had been described
-to be. For his own part he had recently hail little to do with
business, and had not been in London for the last three months.
Present circumstances, however, had made him feel that it was
hardly fair, in any person connected with the city, to remain a
passive spectator of the scene of distress and difficulties which
surrounded him.—(Applause.)—lf he had not attended the
Committee for the purpose of assisting in drawing up reso-
lutions to be submitted to the meeting, it was because his
mind was not made up as to the course which it would be
proper to pursue—whether any thing should be done, and if
any thing, what that should he—whether public interfer-
ence was advisable, or whether the present evils should
not he left to cure themeelves. The same awkwardness
which he had felt on this point had, he found, been
participated in by others, and the consequence was that they
-ivare now assembled without any person being prepared to pro-
pose any thing very decisive for their adoption. What had
been proposed by the Member for the City was certainly con-
sinten t with truth, and calculated to do good as far as it went.
There could be no -doubt that it would be productive of benefit
to make known the determination of the Bank Directors to act
with promptituile and decision, in endeavouring to relieve the
distresses which it was mainly in their power to alleviate.—
( Hear !)—At the same time he had hoped that the merchants
of isondon, having assembled together on such an occasion,
would have put forth something like a general declaration of
the substantial solidity of the banking establishments of their
city, than which there were none in any place on the face of the
globe which presented more real security.—(Applanse.)—lf it
were true, as had been stated, that houses had been compelled
to stop, which nevertheless were capable of paying 40s. or 60s.
in the pound, it was a calamity which must be met by an ex-
pression of public confidence. and by acting upon that expres-
sion in a practical manner. 'lt was useless on the present occa-
sion to enter upon an examination of the general principles of
,mercantile transactions. Occasionally, certain chokes or stop-
pages of the system took place, which rendered it necessary to
depart from general principles, and to.apply a special remedy to
the particular case. It was the same in the political system,
when circumstances sometimes rendered even the suspension of
our liberties necessary. One of the peculiar marks of the wis-
dom of the people of this country was, that though they adhered
,with great tenacity to general principles, they nevertheless were
always ready to apply a special remedy, to a special grievance.
That there were no Members of the Bank Directors present
must not be attributed to any indifference on the part of
those individuals to the object for which the meeting had
assembled. (" No, no.") They hasi, no doubt, absented
themselves from motives of delicacy,, knowing that if they were
present they might he expected to give explanations which they
could not with propriety furnish. Feelings of delicacy would
also operate to prevent the attendance of members of private
banking establishments ; for they might suppose that the mere
fact of their being present at a meeting of this nature would be
construed to betray an apprehensiveness on their part of the se-
curity of the houses to which they belonged. These circum-
:stances would account for the meeting not being so numerously
_atteailed as might otherwise have been expected. (The Lord

Mayor observed that the meeting was composed only of per-
sons specialty invited to attend). If it-was useless to enter upon
the theories of circulation add mercantile transactions, it was
not much less futile to dwelt upon the origin of the present dis-
tresses. The Hon. Member for the city had stated, that the
present crisis had arisen from a plethora of riches; but the
lion. Member, perhaps, in order to please his constituents, had
kept back the fact, that that plethora had led to speculations
Which for folly and absurdity were never Surpassed.—(Hear,
hear !)—Any person who witnes'ed the fever of last year might
have anticipated the distresses of the present ;—not, certainly
to the extent to which they had proceeded, for they had gone
beyond all calculation, and they were now prolonged by a panic
—a mere noise and sound—which magnified the public misfor-
tunes, and attrijsuted to them greater importance than they
merited. It was, however, as he before observed, anticipated by all
rational men, that the fever of last year would- he succeeded
by the cold and shivering fit which was now exercising its in-
fluence on the mercantile interest. It was impossible that there
could be two opinions on the primary cause of the present state
of things, and therefore it was useless to dwell upon that part
of the question. But was it proper or justifiable, that because
the present misfortunes had their origin in folly and impru-
dence; persons should selfishly say, " It is their own fault that
they suffer: let them take the consequenees of their impru-
dence ?"—(Applause.) —The consequences, unfortunately, fell
upon those who had been perfectly innocent of the imprudence.
The effects of the folly were nit by some of the most opulent
and prudent among the cominunity.—(Hear, hear !)—ln look-
ing at the constitution of the bankers of London, it was, lie
thought, impossible to entertain an unfavourable impression of
any of them, because it should happen thet they required as-
sistance to enable them to carry on their transactions. Why
should such a circumstance be matter of surprise, Much less of
, alarm ? Every body knew that it was the business of a banker
to use the deposits which were placed in his hands, and
therefore it was impossible for him to meet, at any
Particular moment, the claims of all his customers, although
there could be no doubt of his capability to do so
eventually. If a banker should say that he could at any
particular day pay out of his house all that had been
paid into it, he would consider hint a very stupid
person, and one very ignorant of his business. Ile knew not
enough of banking concerns to undertake to determine what
quantity of the money paid into his hands a banker should em-
ploy for his prbfit—whether it was one-third or one-fourth, he
could not say—but of this he was Convinced, that when in con-
sequence of a panic (and it was a panic which prevailed at pre-
sent, and nothing else) (loud cries of" hear") a run was made
upon a banker there was no extent of sacrifice which could pro-
tect the most prudent and the most opulent. He was now speak-
ing from his own observations, 'for he begged it to be understood
that he had held no communication with any banker. He cer-
tainly could not undertake to say that there were not amongst
the bankers who had lately failed one or two not perfectly opu-
lent. That might be the case; but when a storm like the pre-
sent was raging, though the rotten fruit might fall first, the ripe
would follow. But it was impossible for any one acquainted
with the general character of the bankers of London not to
be convinced that nineteen-twentieths of them were solvent,
and as intich deserving of public and individual confidence
as any gentleman present.—(Applause.)—There was no city
in Europe in which the banking system was founded so
much on real property as in London. All, therefore, that
was necessary at the present moment was, to inspire a feel-
ing of confidence; and for this purpose something should
be done to meet the immediate necessity of the case, with-
out reference to general principles. He wished that there
should be no discussion -about a recurrence to an unlimited
paper system—(" No") or any other theory, but that they
should endeavour to apply a special remedy to a special gyiev-
ance.—(l/ ear !)—The great and desirable object was, -to create
a feeling of confidence towards persons who were deserving of
it. If any person could venture to state that there were grounds
for a want of confidence in the London bankers, that, to be
sure, would alter the view which he wished the ineeting to take
of the question. But if, as he maintained, it was impossible
to doubt their solvency, let their customers chew that such was
their opinion, by allowing their their cash to remain in their
bankers' hands. It was the timid who, by making double
provision fbr their necessities, produced the present distresses.
—He, for his part, had made no provision against his banker.
He had kept his account lately as it always stood; and if his
banker should stop payment (of which lie had not. the slightest
apprehension), he should be less ashamed to see the balance
due to him to his books, than to have it said that he had dis-
tressed his banker by selfishly hoarding his sovereigns.—(Loud
applause.)—Under present circumstances, individuals should
consider that they had an important public duty to perform,
and that it did not become them to act under the influence of
mere noise and clamour. They should skew by their declara-
tions and their conduct, that they considered the bankers worthy
of confidence. Such an example was even more necessary
with respect to country than London bankers. Country people
seldom reasoned about the probability of their banker stepping
payment ; the moment they got the idea into their heads that
it was to be, they never got rid of it until they brought about
the event which they most dreaded. When it was consi-
dered that there were about eight hundred country banks,
each drawing upon some bank in London, which, in its turn,
drew upon the Bank of England, it was almost impossible to say
what calamities might result from a panic, arising in most
instances from ignorance, but sometimes, he was compelled ,to
say, created by malevolence.—(Hear, hear !)—lt was desirable,
therefore, that some declaration should proceed from the princi-
pal merchants and traders of the city of London, who had been
acquainted with the characters-and transactions of their bankers
for years, to put a stop to the prevent panic.—(Cries of
" Move.")—The same thing might be done in the country in
the banking districts. This course had been pursued on the
occasion of the stopping of the house of Sir Wm. Elford and
Co., at Plymouth, and it had the effect of calming the minds
of the timid, and thereby preventing further disasters. He an-
ticipated most beneficial results from a declaration proceeding
from the centre—the very heart, he might say—of the kingdom,-
expressing entire confidence in the banking establishments, and
stating that the present alarm arose from a mere chimera, and
rested on no substantial foundation.—(" Move.")—He was not
prepared with any proposition to submit to the meeting, but on
account of the importance of the subject, and the expressed wish
of the meeting, he would undertake to frame a resolution for
their adoption.-.-(Great applause.)
After a short conversation between the gentlemen near the
Lord Mayor's chair, it was arranged that Mr. Baring, Mr. Ir-
ving, and Mr. Wilson, should retire and draw up some resolu-
tions. Those gentlemen accordingly left the room, and after a
lapse of about 20 minutes returned.

11Ir. BARING said, that though the resolutions which he had
drawn up were very concise, yet he had found it necessary to
take some little time in drawing them up, on account of the
great importance of the subject to which they referred. He
could not say that the resolutions were framed exactly as they
would have been if he had more time to deliberate upon them.
The Meeting would consider them as having been hastily
drawn up, and therefore, if there was any thing either in their
substance, or in the form of expression, which any person
might consider objectionable, he had no desire to prevent it
from being altered, if the Meeting should think fit. He begged
leave, however, merely to suggest, that it gentlemen did not
object to the resolutions in substance, it would be as well not
to express any difference of opinion on minor points. He was
induced to make this observation only from a desire thitt
whatever the Meeting did should bear the appearance of una-
nimity. If the necessity of the case had not been to urgent, it
might have been advisable to wait until the resolutions could be
submitted to a larger meeting; hut at the present moment,
when houses were tumbling around them, it would he culpable
to delay for 24 hours. The lion. Gentleman then moved the
following resolutions:—
" I. That the unprecedented embarrassments and difficul-
ties under which the circulation of the country at present la-
bours are mainly to be attributed to a general panic, for which
there are uo reasonable grounds ; that this meeting has the
fullest confidence in the means anti substance of the banking
establishment of the capital and the country, and they believe
that the acting generally upon that confidence would relieve all
those symptoms of distress which now show themselves in a
shape so alarming to the timid, and so fatal to those who are
forced to sacrifice their property to meet sudden demands upon
them, which it is no imputation upon their judgment and pru-
dence not to have expected.
" 2. That it having been stated to this meeting that the
Directors of the Bank of England are occupied with the re-
medy for a state of things so extraordinary, this meeting will
refrain from any interference with the measures of the Direc-
tors of the Bank, who, they are satisfied, will do their duty
towards the public. ,
" 3. That having the firmest confidence in the stability of
the public credit of the country, we declare our determination
to support it to the utmost of our power."
Those were the resolutions which he had prepared, and he
thought that they contained no tnore.than an expression of opi-
nion which was due to the general mass of bankers.
Mr. DIXON begged leave to suggest before the resolutions
were seconded, that it was of the utmost importance that they
should go before the public as soon as possible.
Mr. IRVING agreed with the Hon. Gentleman as to the ne-
cessity of the result of their proceedings being laid before the
public eye with all possible dispatch. In rising to second the
resolutions which had been proposed by his Hon. Friend, he
would trespass on the attention of the meeting for a very short
time; for, after his Hon. Friend, with all his knowledge anti
ability, had discussed the subject at so much length, it would
ill become him, pressed as they were for time, to occupy any
considerable portion of it. It must strike every other person as
it did him, that in a country which exhibited every symptom of
wealth anti prosperity, a necessity should exist for such a meet.
ing as the present. It was impossible to attribute it to an

' ether cause than .that pointed out by his Honourable Friend,—
namely, a panic and unfounded alarm.—(Hear, hear !)--
There could be .no doubt that the prosperity of the
country remained . unshaken—that the few fleeting cloud
which at present darkened the else brilliant prospect
would speedily pass away. That even the best and most wealthy
persons were suffering under the present pressure, could not be
denied. He trusted that the proceedings of the present meeting
would have the eff2ct of allaying the alarm which,destroyed con--
Hence, the want of which alone was the cause ()lithe existing
suffering. " My honourable friend said, that solvent houses
had fallen victims to the panic. That is, unfortunately, too
true. I have been engaged in examining the affairs of the
house of Sir Peter Pole and Co., the first which fell a victim to
the panic, and can statoas the result of my examination, that
after paying every claim upon them, the house possesses a sur-
plus of 170,000/. besides' the landed estates of Sir Peter Pole,
and 100,000/.-elsewhere.",—( ear, hear !)—lt was impossible
for him to say that the accounts laid before him were correct;
hut supposing than to be-lso, that which he had stated was
their result. The knowleige of this fact might have.the effect
of removing the anxiety which the creditors of that house must
at present feel.—( Hear I)—He would not now do more than
state, that he cordially seconded the resolutiOns, and trusted
that they would,..in some measure, alleviate the difficulties of
the commercial interest.—(Applause.)
Mr. Alderman Woof), as one of the originators of the
meeting, expressed his warm approbation of the resolutions.
He was convinced that it was only necessary for gentlemen to
allow their balances to remain in their bankers hands un-
touched, to restore immediate confidence and security.—
(A pplause.)
The LORD Marrow was about to propose the resolutions,
when

Mr. Nauru objected to the word " duty" in the second
resolution. He did not, for his part, know what duty the Bank
Directors had to perform.
Mr. S. DIXON' said, every body knew that the Directors
had a duty to perform; and Mr. Parker not pressing his ob-
jection,

The LORD MAYOR put the resolutions, which were carried
unanimously.
Mr. WILSON expressed his gratification at the passing of
the resolutions; and his pride for having been instrumental to
the measure.

Mr. Alderman A Trams requested the attention of the Meet-
ing to a few observations. The house of Robert Williams,
which had been compelled to stop payment in consequence of
the extraordinary run upon it, was, he knew, at the present
moment capable of giving securities to the extent of half a mil.
lion.—( Hear, hear !)—They would have been able to meet all
demands, had-they not been obliged to send 400,0001. to meet
a run upon an establishment elsewhere. Every body who had
the pleasure to be acquainted with Mr. Robert Williams knew
him to be a most honourable man, and that there was none
more deserving of credit.,( Hear 1)
The LOteD MAroit here observed, in reference to some ob-
servations which had been made in the course of the (lay on
the numberpf persons attending the meeting, that it had been
considered necessary to limit the number, as, in a more nume-
rous assembly, considering the present agitated state of the
public mind, it would have been impossible to come to any
deliberate result.
A Gentleman present then informed the meeting, that the
house of Wentworth and Co. possessed assets abundantly suffi-
cient to satisfy all demands upon theii.—(Loud applause._
Besides that, the house had been promised the greatest assist-
ance, and that it might be expected in the course of a few
days to resume its payments.—(Hear, hear !)—One fact he
would state, which was highly creditable to young Mr.
IVentworth. The family estate was entailed ; but Mr. Went-
worth, jun. had proposed to cut off the entail, and throw all
the property,into the bank. The promulgation of such facts
as these, which had been stated in the course of the day, might
tend to allay the panic, unprecedented, he believed, in the his-
tory of commerce._( El ear !)
Mr. BARING then moved—

" That it is the opinion of the meeting that declarations of a
similar description with the present, in the country towns
where the banking establishments may appear to deserve
them, may be productive of much benefit in restoring general
confidence."

51r. lavrxG seconded the resolution, which was put from
the Chair, and carried unanimously.
A long discusision ensued upon the question, whether the re-
solutions should be signed by the Lord Mayer on behalf of the
meeting, or whether each person present should attach his sig-
nature to them on the spot.
Mr. Alderman GARRATT thought it might appear to the
public, if the resolutions, went forth with the name of the
Chief Magistrate- only subscribed, that the individuals present
had shrunk from the responsibility of attaching their names to
the document.

Mr."AlderinaniVoonind others, on the other hand, urged
that arrangements had been made for publishing the resolu-
tions in the Evening Papers, which object would be defeated
if every individual present were to subscribe his name to
them.

At length the following resnlution, proposed by Mr. BARING
and seconded by Mr. IRVING, was agreed to :
" That the Rigk Hon. the Lord Mayor be authorized, and
he is hereby requested,to sign the above resolutions on behalf of
this Meeting, and to allow the same to lie for signatures at the
Ilausion-house.'t

The loottn MAYon having vacated the •Chair, and Mr.
BAR Tx° having taken it, it was moved, and carried unani-
mously. that Old thanks of the meeting be given, to the. Right
Hon. the Lord Mayor, for his able and judicious conduct in
the Ch ar. The meeting then broke up.

SCIIEMES.ofit HUNDRED YEARS SINCE.

The following is chiefly from AN DER.SON'S
44 Annals of Commerce :"

London, at this time, anno 16M, abounded with new pro-
jects and schemes, promising mountains of gold. Writers
about this time complain heavily that the Royal Exchange was
crowded with projects, wagers, Fairy Companies of new inven-
tions and manfactures, Stock-jobbers, &c.--so that, very soon.
arterwards, the transacting of this airy trade of jobbing was just-
ly removed from off the .Royal Exchange, into the place called
Exchange Alley. But in 1720 the destructive effsects of the South
Sea Bubble, palzietl all the energies of industry, and such a
shock to public and private credit, as rendered the• lapse of
years necessary before confidence, could be restored. The ab-
surd speculations, the bare-faced impositions and frauds, the
Infatuated credulity, and the egregious folly, which dis-
tinguished this period, were all in the extreme, and cannot
be paralleled in any other era of British History. Even
after the proclamation against " Bubbles," that frantic
trade soon revived, anti even increased more than ever: and
whilst these bubbles daily advanced in price every one was a
gainer, so that the lower class of people fell into luxury and
prodigality as Well as their betters. Not a week-day passed
withcsit fresh .projects, recommended by pompous advertise-
ments in all she newspapers, directing where to subscribe to
them. Some.-of the obscure keepers of books of subscriptions,
contenting themselves with what they had got in the forenoon,
by the subscription for one or two millions, werenot to be found
in the afternoon of thesarne day; the room they had hired for
a day being shut up, and they and their subscription books
never heard of more. Some of the schemes were divided into
shares, instead of hundreds and thousands, upon each of which
so much was paid down ; and both for them and the other kinds
there were printed receipts. Persons of quality were deeply
engaged in many of theme.avarice prevailing over all consi-
derations of either - dignity or `equity; Lords and Gentlemen
attending taverns end coffeehouses to meet their Brokers, and
Ladies attending the shops -of milliners and haberdashers to
the same end. Any impudent fellow had only to hire a room
near the Alley, and open a subscription-hook for .somewhat re-
lative to commerce, manufacture, plantations, or some sup-
pled inventions, either newly hatched out f his brain, or
else stolen from some of•the many abortive projects.of former
reigns (having first advertized, it in the Newspapers of the
preceding day), and lie might. in a few hours, find subscribers
for one or two millions, and, in some eases more, of imaginary
Stock. Yet many of these very subscribers were far irons be.
lieving those projects feasible; it was enough for their purpose
_ that -there might very soon be a premium on their receipts or
shares, when they generally got rid of them in the crowded alley
to others more credulous than themselves. So great was the wild
confusion in the crowd in Exchange-alley that the same project,
car btibble, has beetanown to be sold at the same instant of time,
terePer cent higher at one end of the alley than at the other.
The infatuation was at length so strong that one project was
advertized thus :—" For subscribing 2,000,0001. to a certain
promising and, profitable design, which will hereafter be pro-
mulgated." And another writer says, 'Change-alley was
like a fair, crowded with people, than a Mart of Ex-
change, as were all the avenues leading to it ; and there was
a little hump-backed-man, who, seeing this mania, made his
fortune by lending his back, as a desk, to make transfers on,
to those who could not afford time to run to the coffee-houses.

FORMA I: IMPEACHMENT OF M It. O'CON'NELL.-
Under the above head, the Carlow Horning Post says :—" We
have received an article respecting Mr. O'Connell's intercourse
with Government, which places the conduct of that learned
Gentleman in a very strong poitif Of view, and corroborates the
testimony of Mr. Cobbett, We shall publish it on Thursday.'►

,
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. .

MASONIC NOTICES FOR NEXT WEEK.
ENGLAND.
Monday, Dec. 19, LONDON. Nos. 1,8, 14, 15, 22, 104,
284, 293, 308.
COUNTRY. Nos. 20, 72, 102,219, 238;-
311, 368, 423, 425, 455,
509, 510, 521, 541, .553,
583, 680.
Tuesday, - 20, 140 It ox. Nos. 33, 42, 266, :281, 309.
COUNTRY. Nos. 127, 151, 167, 170,
184, 199, 385, 471, 497,
501, 528, 532, 544, 551,
579.
Wednesday, - 21, LONDON. Grand Steward's Lodge,
Public Night. Nos. 36,.
56, 91, 92, 134, 225,
296, 321.
CouxTRY., Nos.,-95, 105, 124, 126,
122. 146, 207, 229, 339,
342, 400, 465, 468, 480,
487, 529, 577, 581, 606,
678, 690, 705, 711.
ThUrsday, - 22, LONDoN. Nos. 48, 82, 142, 156, 216,
481. : House Com. Fern.
Sch. at 11.
Couxmr. Nos. 45, 57, 70, 153, 178,
214, 243, 269, 384, 420,
461, 518, 545, 556, 560,
586, 587, 642, 679, 717.
Friday, - 23, LONDON. * •
COUNTRY. Nos. 283, 533, 550, 655,
709.
Saturday, 24, LONDON. * * *
COUNTRY. Nos. 358, 675.

ANGLO-MEXICAN MINING ASSOCIATION.
PH 11; DIRECTORS of the ASSOCIATION
for ASSISTING in WORKJNG the MINES of
MEXICO, and other Parts of SOUTH AMERICA, hereby
give Notice, That, in pursuance of the Provisions of the Deed
of Settlement, the FIRST ANNUAL GENERAL. MEET-
ING of the PROPRIETORS will be held at the CITY of
LONDON TAVERN, Bishopsgate-street, London, on WED-
NESDAY, the 4th day of January next, at One o'clock
precisely. - -

JOSEPH LOWE, Secretary.
7, St. Helen's-place, Dec. 14, 18245.

a+' THE COAL TRAD

PRICE OF STOCKS THIS
Bank Stock 2OO 202
3 per Cent.' Red. 79; 80 80;1
3 per ('ent. Cons.
3. per Cent....... . ......... Bq.
Ditto Heel 8 6} 41 7+
4 per Cent. Ne• ,
Bank Long Ann. 18i 15-1619
India stock

Ditto Bonds ... 55 50 70 clic
South Sea Stock

PRICER OF FOREIGN F
Austrian Ms, 5 percent. 92 I
Brazilian Btli

cs—ARGLTS, to-morrow.

18'25 ' 19 20

Scrip
Bnenos Ayres rids
Milian, Bds, 6 per cent —
Colombian lids 63 4
Do. do. 1824 56 7 6i 9 8 7
Danish, 6 per cent.
Do. 182.5 . slli
Greek lids
Do. 1825 l4
Guatirnala
Mexican lids
Do. 1825