The Sun.
London, England, 1825-06-28 00:00:00

[MORNIIsIG

We have received the Paris Pai>ers of Satur-
(lF y, arid -the Toile of Sunday. The Courier
Francais contains an account of the liberation
I,ol.Peneral Deverewc, who reached Paris on
Wednesday, and left it on Friday morning for
London. He was arrested at Rovigo by the Aus-
trian Police, where he was confined in what was
formerly the 'Palace of the Doge. He dispatch-
,ed a;letter to the Emperor, who was at the time
at IL7ilan; and fifteen days after the arrest came
an order for his liberation, with injunctions to
quit Venice and Italy in 24 hours.

Another interesting discussion took place last
night, on the subject of our paper circulation.
Jt Was adMitted on all hands, that as the law at
present stood, all Bankers are bound_ to give the
'C-(irrent coin of .the realm for their notes on de-
Mand; but then it. appears that. the remedy in
,ettse of a refusal is rather tedious, being no other
thgb:that df action. .We are in no alarm with re-
spect to- the circulation, if the convertibility
into cash is property secured. There never can
be any danger of a want of speck, at was
Well observed by Mr. John Smith, in the
greatest commercial country in the world.—
The exchange may he in favour or against, accord-
ing as the course of commerce renders money or
other goods the most profitable object of export-
ation. But the limits either way must necessarily
be very narrow. f the Country Bankers, in-
deed, had the power of refusing payment of their
notes, then the Exchange might again rise to an
amount indicating a depreciation of paper. But
there can be no danger of any such unfavourable
.exchange with cash-payment, or even with the
obligation on Country Banks of paying in 133" k
of England paper, the latter being convertible
into cash.—An Exchange beyond the. usual ex-
pence of transporting money, would soon send
their notes into the Bank, and bring back gold.

[MORNING HERALD.)
Au extended discussion took place last night
in Abe House of Commons, on the complaint of
ilfr. Frederick Jones, that a bank at Bristol had
r!fuse
d to give him coin for notes, when he de-
manded the legal currency of the realm in ex-
change for such notes. He prayed the House
to provide a more summary remedy to enforce

the exchange of gold for paper, than at present
existed. Such prayer was supported by Mr.
Hume, who declared that such power was re-
quisite to give the- country proper confidence
in the currency ; and he added that the Banks
might deluge the country with their paper if they
pleased, so long as such paper was made imme-
diately convertible into gold on demand. Mr. H.
Davis explained, for the Bank in question, that
the transaction on which Mr. Jones founded his
complaint arose out of some warmth on both
sides ; but having ascertained that it was not
optional to tender Bank of England notes,
or-gold, the Bristol Bank had afterwards
offered gold for the notes. Lord Folkstone
having spoken of the prevalence of paper in the
country, and of the necessity of giving the re-
quired summary power, Mr. H. Gurney said that
the impression of all country Banks, of which he
knew any thing, was the reverse of what had
been entertained by the Bristol Bank. None
deemed it to be optional to pay in Bank of Eng-
land notes, or gold, if coin were demanded. Mr.
J. Smith observed, that he did not believe that
there were three Banks in England that doubted
the liability to pay in gold if it were demanded,
and that he did not think it would be injuri-
ous to their credit to act upon such conviction
of their liability. Mr. Secretary Peel, Mr.
Secretary Canning, -and Mr. Iluskisson then
severally expressed their opinion that no new
law was required to fix the liability of every
country banker or other person to give gold for
their notes or other securities on demand ;
and that the protection to the country was,
that no other tender, no small notes, no coun-
try notes, was legal tender than the silver
and gold coin of the realm. The trans-
action on which the complaint, and the call
for an alteration of the law depended, avow-
edly arose out of intemperance ; and the Bank
afterwards admitted their liability to pay in
gold, and offered it. Therefore, to think of alter-
log the Law as to the remedies, where there
might be refusal—if the credit of any country
banker or others could bear the consequences of
such refusal—would only be to excite doubts
where none existed. Mr. Secretary Canning
said, as to any imaginary evils resulting from the
present state of the currency, he was prepared
to endure them all, rather than disturb the Law
which made silver and gold coin the only legal
tender.