The Sun.
London, England, 1825-12-02 00:00:00

try, and ready to fall, unless averted, not by the
policy and conduct of tile Bank, but by than
viz. that they shall not be called upon
t°
pay them at once. That this is not a chi'
merical or ideal mischief is amPIY
proved
by the fact, that during the late conger.
nation, Banks in many Counties . refused
to pay their own notes in the cutrent. foin
of the realm, and, moreover, that gold could not
be obtained upon them except at a discount of
5 per cent. We remember this fact was as*
serted in Parliament of one of the Bristol
Banks, and it was then treated as a "se,
that seldom occurred, and which the arm °,
the law was already sufficiently strong t:
punish and redress. It seems, however, that
is not the case, and the refusal has been give°
very lately in the counties of Norfolk, Worwick'
and Herts.
Taking it for granted that benefits do re;
stilt to the country from provincial b3llkg, 0113
we by no means deny it,) we only 991'
does not the case upon this simple
slate
went require the interference of Parliament,derl
tion, to discover whether the good cannot be :
s
cured and the evils avoided, or at least gre2ol
removed and palliated' it is hardly PosSible, e
speak in terms of too strong reprobation of to°s
and is not, the subject worthy of some cna'i
re-
Banks, which so illegally and unwarrantably
fused to give gold for their own notes' "-3 re-
fusel not less unlawful than the Order 10 C°1111t:
cif which directed the Bank of Engin° 18
suspend cash payments, and for which 1;,,
Ministry of the time thought it 3dvisa
d onll
to claim an indemnity from Parliament, an
more excusable as being less extensivetY
al refusal
chievous. And yet, perha soa
prevented the greater evil of a bankruptc9l A
thus saved the country from much misery perhaps, this illeg

ruin.
isla(le
Un these`grounds, we do say that
interference is absolutely necessary to
re
the over issue of country bank notes, and to
gulate the system on which such bankifig
blishments should be carried oil. We are,juletpl:
wius
lied in this opinion by the factg ha:all:hi:echoed
Banks have remained firm thorn
which have lately taken place, and which vi°lll,
clearly evince there was something their gr.
tern worthy of imitation.

NATIGATIoN Or TTSiiit.tif..—.h
nit.,
---Neer.--Tuu
imp ,A w --We
have received Gibraltar Papers to the 13.1",1„-„,
They contain
r co) cr ldaemr
orders
t ti or
an
the Governor, relative to the passes granted f?r
the navigation of the Mediterranean, 0"d is
pTerlsioant nreosi
be ;;ranted, ti
ofcein t
hetl:43
LOS,
int.
The Proclamation, which goes
lengthened details, contains the following sr'
except the vessel
tiCke !..—. tatf
a British euhie
or al. ietr.
2. That the vessel musi be corjomanded by British 01-4 f
;I Mediterraneaniy e 1
rsaptapsi;isobror citnrateridfi. cbayte of reKistry ir° et,
or a person resident 15 years at Gibraltar, and threefurths 0
the crew British sub.
S. The yes- . jeers.
• • built, lar/eaer
sels to be British or prizes te, eitlf
dem • d .
, except the vessels of 40 tons and under, wnic"
havenel" licenses. hewn'
Then follow long details as to penalties, according to! ri the
Wage of the vessels, from 100/. to 1,000/., and a regulatt?_,i,„
the pass or register must not be lent, sold, or thein
F` 11
posed of &c. &c. &c.—A vessel of war' belonging to rsis
peror of Morocco had arrived at Gibraltar ; she 01"1;tpril of
guns. his Majesty had condescended to trade with se'' vac.
the European Powers, for the purpose of avoiding the des
tion which otherwise awaited them if he decreed war.
nosfinGitie:::: j
jt,..,

A ship has arrived from
Canton at Cowes, in
97 days ; as yet we have no information bi
her'

A Cabinet Council was held, at two urcffir- ce,
111i:Ixrc.ISiceqciureetra,ryMCr.a
yesterday afternoon, at the Foreign ". ~,,,
the Pi°Pris
citiwNl'cit:llsotriet,ettilewphiuckhewoafs.xteennindgedtotifiy,
the tinge,
f Liverpool and Ilarrowby Mr. Secretary' leo;
Bexley, &c. The Cabinet broke up
o'clock. After the breaking up of the Calotiellt,
the Earl of Liverpool transacted Posibest W•
ininuisnkgi,ssotlnie,
iCilri.an‘cvelyaloibirno,uoreft,..
)00_eriti:
the 'Chancellor of the Exchequer.
commercial world, having g vs'
The East India Company took their share the
terday with the Bank in efforts to relieve the
payment on the tea then fixed to take P.,,,!
the partro,
might be postponed, at the option of
to a future period, on paying interest far
ca
at betwr
delay. Tire payment is estimated
300,0001. and 400,0001. iven notice tbati ce
Flied
It is the opinion of some of the leading 01°--- a,
(erred
on the commercial classes,
men, that a portion of the pressure which n°,..
Kill be 01
,erred shortly to the owners of landed pro Per 1.:
rile altered value of money has induced MI,
bankers and other persons who have lent rn°rie,ii
on mortgages, to call in the sums so lent,
theal
this has been particularly the case among 0
country bankers, who Nave more than conno
emrrergencies to provide for.—(Times')
The •
prlvate letters from Paris intimate that ll.°
less. scarcity of money exists there than in La"___
20 per
was lf. 75c., or at the rate of
d". On Tuesday last the report or contil!utaa_
pol!
_n
_flop from one month to another on amore "P
Extract of a letter dated Port-au-Prin
)er cent. per anuurn. ce, ()cerl.
13_ :—" The last French vessels bring, us thrie!yrti
c!amation of CuAer.es X. in regard to .---,0;
from which it would appear that all gi°°4l:tha
produce under the French flag, were to gave
d,
tphrivilege of half duties ; and here it werestateg.
"at even the two French vessels that ~e,iii
peditedo from France after the publication of this
.1 document and. the .knowledge of its accer4
by Hayti, are not to have such priVilege'"'