The Sun.
London, England, 1836-09-22 00:00:00

(From the Times.) •
There is great doubt in the city whether Mr. Spring
Rice's measure of raising the interest on Exchequer Bills
will answer his purpose, and that of the Bank, or save the
Treasury from the threatened pressure. The advance is
confined to the advertised bills, that is, those which are
now exchangeable, at the option of the holders, for money
or new His, which amount to about 10,000,0001., leaving the
rest of the unfunded debt, which is above 20,000,000/.
more, in the same state as before. The rise will probably
protect the Government against any demand for money
on the September bills ; but if those bearing the lower
rate of interest fall to a discount, as is very likely to be the
case, they may be paid in for duties, and the Treasury be
put in another way to the same inconvenience, for it makes
no difference whether money is demanded for Exchequer
Bills, or Exchequer Bills are made to represent money in
payment. The policy of Mr. Spring Rice, however, is
generally believed to be of this evasive kind, in the
hope of being able to continue it at least till the meeting
of Parliament, when a funding of Exchequer Bills, if
nothing better can be done, will, it is supposed, be sub •
mitted to. In the mean time he may be driven to an ad-
vance on the whole of the Exchequer Bill circulation. The
working of the branches of the Bank of England seems to
be much complained of in the country, and to require on
that account some revision of the system. In a late Leeds
paper some statements are given which, as an illustration of
it, are well worth general notice. A party in Leeds re-
quiring gold for a Bank of England note, took it for that
purpose to the branch bank of that town. It was there
refused, however, as having been issued by the Manchester
branch, and the practice being only to give cash for notes
issued at the branch to which they are presented to be changed.
The notes issued in London will not be cashed at any of
the branches. As the applicant did not want to change
his note in commerce, as the joint-stock banks would not
give gold for it at all, nor the private banks change it
except for their own notes, which he did not desire to
take, his 201. was to him for the time a worthless piece
of paper. A gentleman in another town in the North
was "placed in a similar difficulty, on, presenting notes
of the London Bank, but it occurred to him that they
might consent to give the branch notes in exchange,
which on his proposing it they did, and then could not re-
fuse to give him gold in Exchange for them. Thus ho got
at the second operation what they refused to him at the
first, and the branch bank was in the same state as if so-
vereigns had been given at once for the London. bank-note.
Surer), there must be some safe remedy for such an absurd
state of things as this. The reason assigned by the di-
rectors is, that it would require too large a stock of gold
to make provision for change at all the branches, and as
the plan is now understood by the public, they guard
against, and suffer no inconvenience from it. But if the
interchange of the branch notes were general, especially in
the manufacturing districts, the amount claimed at each
would not be greater than before, and the accommodation
to the public would be a material one. To call bank-notes
a legal tender in sucka state of things is ridiculous. In
the United States, this distinction is drawn in a very clear
and striking manner, and no note is admitted to be a legal
tender, or is received as such, which is not convertible into
cash on the spot at the will of the holder. General Jack-
son would not long have suffered such an anomaly to exist
as this practice of our branch banks.
(From the Morning Herald.)
The position into which the Bank of England and their
sleeping partners, the Government and the East India
Company, have thrust the most important interests of this
vast empire by their late resolves, have naturally obtained
the most serious attention. The weird sisters could not
have contrived a more fatal potion for the destruction of
the leading interests of the country. We trust, however,
that the prudence of the banking concerns, as we have said
before, will nullify much of this combined financial blunder.
There are parties who, from false principles, deny that
gold has lately been exported to America ; but to take the
bull by the horns would have been more creditable than to
deny the truth. We can confidently state that the ex-
portation of gold continues, by order, not only of eminent
firms in London, but at Liverpool and other ports ; in fact,
the drain has been silently made upon all the country
bankers, and still continues. I\re merely assert this
.as a
warning; we know that we shall be thanked for the notice.

SOUTH WARWICKSHIRE REFORM

ASSOCIATION.

WARWICK, TUESDAY, SEPT. 20.
A public meeting of the freeholders and electors of the
Southern Division of Warwickshire, was held, pursuant to
previous notice, this day, at the Black Swan Hotel, War-
wick, for the purpose of establishing a Reform Association.
The meeting was attended by some of the most wealthy
and influential Gentlemen, professing Liberal principles, in
the county—among whom were Sir Grey Skipwith, Sir
Charles T'grockmorton, Chandos Leigh, Esq., Bolton
King, Esq., M.P., T. R. West, Esq., &c., &c.
Sir C. TIIROCKMORTON presided.
It was agreed that an Association should be formed, of
which Chandos Leigh, Esq., of Stoneleigh Abbey, should be
the Chairman ; and Bolton King, Esq., M.P. for War-
wick, the Depdty Chairman ; and that a Central Com-
mittee should be appointed. It was also arranged that in
addition to the General Association, District Associations
should be formed at Alcester, Henley, Southern, Strat-
ford-upon-Avon, and Warwick, Leamington, and Kenil-
worth, each having a Chairman, who was to appoint his
own District Committee.
The late contest for this county has shown time necessity
for the Reformers to be up and stirring. They attribute
their recent defeat to their own supineness on the one
hand, and to the perfect organization of' their opponents on
the other ; and they have resolved to use those necessary
exertions to prevent the county being under the domina-
tion of the Tory party.
Mr. BOLTON KING, M.P., in proposing one of the re-
solutions, said he was aware that in consequence of the de-
feat sustained by the liberals at the late election for the
by so large and unexpected a majority, many per-
sons thought that the liberal cause was hopeless in South
Warwickshire. For his own part he saw no reason to des-
pair ; for notwithstanding the severe beating they had re-
ceived at the late election, he thought the result would be
veyy different upon any future occasion. Their recent de-
feat was to be attributed to the start their opponents had
obtained over them, and to their proper system of organi-
zation, by which they were enabled to enter the field at a
moment's notice ; whereas they (the reformers) were taken
completely by surprise. Hence the necessity of establish-
ing the present Association, by which they also may be pro-
perly organised. With a good organization, proper ma-
nagement, and the sinews of war, he again expressed his
conviction that the reformers would hereafter be more
.suc-
cessful than they had recently been.—(Cheers.)
The Rev. Mr. KNOTT. wile, it will he recollected, had
made a complaint to the Diocesian respecting the conduct
of the Rev. Mr. Walker, of Long Itchington, of bludgeon
notoriety, came forward, by request, to explain the result
of his application to the Bishop.—He commenced by
stating, that it was impossible for him to give a verbatim
account of what had passed between the Bishop, Mr.
Walker, and himself, but he would state the spirit of
it. During the last Visitation both himself and Mr.
Walker were summoned to appear before the Bishop at
the inn at which his Lordship was sojourning. When he
obeyed the summons he found the .Bishop with his Arch-
deacon and Chaplain. His Lordship wished him to bring
a friend into the room to witness what might transpire.
He replied that he did not need the presence of a friend,
as he stood before his Lordship in that instance, a man with-
out guile. Eventually, however, he proposed Mr. Blomfield,
that gentleman being a personal friend of Mr. Walker.
Mr. Walker was accompanied by a Mr. Churchill. After
these preliminaries, his Lordship proceeded
to address them.
—He stated that he did not approve of the conduct o either'
fentleman. He did not approve of the
mode in which he
Mr. Knott) had brought the subject forward. It did
,ot tend to remove the stain from the cloth. It
,d have been much better to have addressed the Arch-
teacen privately, by which every necessary redress could
have been as readily obtained, whereas the course which had
been adopted had too much the appearance of an electioneer-
ng squabble. His Lordship then addressed himself to
I.r. \Volker, and said it was with very great regret he was
.`q.ted to animadvert upon his conduct. He must,
iowever, say that those articles (alluding to what Mr.
Walker had described as wands) did not correspond with
the description he (Mr. Walker) had given of them in his
letter to him. Those wands did not measure the same as
those used by the Sheriff's. The wands used by the She-
riffs were about one inch and a half in circumference, while
these were four inches and a half in circumference. He
had taken the trouble to ascertain the number of voters in
the parish of Long Itchington, which it appearedoted ,
amfoor unAtlerd.
hi
sriy. How cametoflfeiy-cight,ofnimeitmthntemvemtliti3:lt lie
(Mr. Walker) had
made so many of these articles ? The wands made use of
Ly the Sheriffs and by benefit societies were used merely in
virtue of the office, or for show, and were made of deal ;
whereas these were made of stubborn ash. After commenting
on lir. Walker's conduct, his Lordship concluded by stating
that, according to a new regulation, that part of his diocese
was about to be added to the diocese of Worcester ; and he
should not like one of his last acts of authority in it to be
exerted for the purposes of taking cognizance of; and vi-
siting with severity, any
error that had been committed.
His Lordship therefore recommended both gentlemen to
retire to their respective homes, and thus terminated the
affair. Mr. Knott having made the foregoing statement of
what had passed between the Bishop, 'Mr. Walker, and
himself, proceeded to observe that highly as he (Mr. Knott)
approved of that Association, he should not, however, enrol
his name as one of its members, as he did not consider it

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