The Sun.
London, England, 1838-07-03 00:00:00

It was moved, seconded, and unanimously agreed to, that JEREMIA
DUNNE, Esq., do act as Secretary to the meeting.
The requisition addressed to the Lord Mayor, together with his
Lordship's answer, convening the meeting, which appeared in the
public prints, having been read, the following resolutions were
moved, seconded, and unanimously carried :
Moved by CORNELIUS WLOUGHLIN, Esq. ; seconded by SYLVES-
TER YOUNG, Esq., and unanimously agreed to:—
Resolved—That it appears to this meeting by, the evidence of
Scotland that freedom of Trade in Banking, under such salutary
regulations as the Legislature may deem proper, is the foundation
of a nation's prosperity.
Moved by JAMES DWYER, Esq:, Barrister-at-law; seconded by
THOMAS DIXON, of Abbeyline, Esq.
Resolved vnanimously—That the relaxation of the monopoly
granted to the Bank of Ireland which took place under the auspices
of the late Lord Liverpool and the present Lord Goderich, aided
and assisted by the much lamented Mr. Huskissen, in 1821, fol-
lowed by the Act of 6th George IV. in 1825, has been productive
of great good to all classes.
Moved by Jo HN CLASSON, Esq.,; seconded by JEREMIAH
DUNNE, Esq., and,
Resolved unanimously—That by the Act passed at that period,
Ist and 2d. Geo. IV., ch. 72, it was provided that no further pri-
l'ileges than as therein contained should be granted to Joint Stock
Banking Companies until the Ist day of January, 1838, which
Tegiod has now passed, and it appears to this meeting that the
rade and Manufactures of the City of Dublin, as well as the pros-
perity of all classes would be promoted by an equality of privileges
to all Banking institutions legally and properly constituted.
Movedby IGNATIUS CALLAGHAN, Esq. ; seconded by PATRICK
WALDRON, Esq., and
Resolved unanimosly—That this meeting cannot believe that the
report now in circulation " that the Bank of Ireland is about to ob-
tain a charter continuifig the monopoly in, and five miles outside,
the City of Dublin," is well founded, being of opinion that the Le-
gislature will never assent to such an injustice as toput the Metro-
polis under restrictions from which the rest of the kingdom is free.
Moved by ROBERT AI'CLELLANO, Esq. ; seconded by WILLIAM
Barrister-at-Law,
Resolved unanimously—That we recommend all who feel as
we do, " that the interests of Dublin and Ireland require a Free-
dom of Trade in Banking" to petition the Legislature at this im-
portant crisis against extending or perpetuating a monopoly ex-
cluding fair competition, and calculated to retard the improvement
of Ireland.
Moved by PATRICK WALDRON, Esq. ; seconded by LAURENCE
FINN, Esq.,
Resolved—That a petition founded on the foregoing resolutions
be drawn up by the requisitionists, and signed by the Right Hon.
the Lord Mayor on behalf of the meeting, and by such other citizens
of Dublin as may join therein, and be forwarded to the Members for
the city of Dublin, for presentation to the House of Commons, and
to Lords Goderich and Lansdowne in the House of Peers.
Moved by IGNATIUS CALLAGHAN, Esq. ; seconded by THOMAS
DIXON, Esq.,
Resolved—Tht a ,deputation or the purpose of accomlishin
the objects of •
this meeting shall be sent to London to forward the same.
Moved by IGNATIUS CALLAGHAN, Esq.; seconded by ROBERT
WA Lstr, Esq.,
Resolved—That the following Gentlemen do constitute such de-
putation :—Cornelius MacLoughlin, Esq.; William Hodges, Al_ 1
derman ; Thomas Dixon, Esq., Abbeyline ; Ignatius Callaghan,
Esq.; James Dwyer, Esq., and the Secretary, Jeremiah Dunne, Esq.
(Signed) SAMUEL WARREN, Lord Mayor,
Chairman.

JEREMIAH DUNNE, Secretary.
It was then moved that the Right Hnn. the Lord Mayor do
leave the Chair, and that Cornelius MacLoughlin, Esq., do take
the same.

A warm Tote of thanks Was then passed (amidst acclamation) to
his Lordship for the alacrity with which he met the wishes of his
fellow-citizens by convening the meeting, and for the dignity with
which he presided, added to which was the expressed wishes of the
meeting that his Lordship-should accompany the Deputation.
The Lord Mayor returned thanks in fervent terms for the honour
done him, and was loudly applauded.
C. AI ACLOUGHLIN, Chairman.
And then the Meeting adjourned.
The fr.

to following is the Petition alluded to :
To the Honourable and Right Honourable the Commons of the
United Kingdom, in Parliament assembled.
The petition of the undersigned citizens of Dublin, Merchants,
Traders, and others resident therein, and its environs,
HUMBLY SHEWETH—That the charter of the Bank of Ireland
was granted in the year 1782, at a time when there was no other
oint stock bank in existence, or in contemplation, and the same was
endowed with exclusive privileges, in expectation of a correspond-
ing public benefit.
That, at that period, and subsequent thereto, a very insecure
system of private banking was carried on by parties, under six in
number, in various parts of the provinces of Ireland, the law not
at the time alloning any Company more numerous, or possessing
greater security (except the Bank of Ireland) to establish banks,
or to issue notes as bankers.
That, although the Bank of Ireland had the power, and the ex-
clusive privileges, it does not appear to your petitioners (and they
ao submit to your Honourable House) that the Corporation ex-
tended their operations beyond the City of Dublin, but left the
entire of the provincial parts of Ireland a prey to the insecure sys-
tem of private banking, which had been established, and carried on
extensively, to the great injury of the country, and ultimately to
the great loss of the industrious traders, farmers, and peasantry.
That from 1782, up to 1821, at various times, failures of those
private banking firms took place, entailing great loss on the people,
and retarding the progress of commerce and apiculture.
That by the 31st Geo. 111., cap 22, the capital of the Bank was
increased from 600,000/. to 1,000,000/., and the charter extended
until the expiration of twelve months' notice, after the Ist day of
January, 1816.
That by the 48th Geo. 111., cap. 103, the capital was increased
from 1,500,000/. to 2,500,000/., and the charter extended until
the expiration of twelve months' notice, after the Ist of January,
1837, and the repayment of all sums due by the Government to
the Bank.
That by that Act the capital was increased from one million and
a half to 2,500,000/. That notwithstanding
those
renewals of the charter it does not
Appear to your petitioners that any advantage was given to the
Public, or benefit afforded by the Bank other than the loan or ad-
vance to the Government of an inconsiderable sum of money (com-
pared st ith the national resources), but the country parts of Ireland
were left without the protection and fostering assistance of joint-
stock banking institutions, which retarded its improvement, and
afforded a remarkable contrast to Scotland, wherein no exclusive
Privileges marred the general prosperity.
That in the year 1121 the evils which hel been entailed upon
the country by the absence of legitimate facilities from the Bank of
Ireland were so great thnt the
Government of that day interfered,
and after much difficulty and negotiation the Bank Corporation
were induced to relax their monopoly so far as to allow the forma-
tion of Joint Stock Banks in the provincial parts of Ireland (out-
side the limits of 50 Irish miles, equal to 65 of English measure)
from the metropolis of Ireland.
That upon this occasion the capital of the Bank was further
extended to 3,000,000/., and it was provided that no further pri-
vileges than as therein granted, and the power to sue and be sued
in the name of a pub* officer, previously to the Ist day of
January, le3e.
That owing to the, informal nature of the Act of 1321. and the
imperfect manner in which it was drawn, it failed of any beneficial
effects until 1845, at which period the imperfect legislation was in
some, measure rectified by the Act of 6th Geo. I V., chap. 42.
That althoifeh by the Act of 1821 the Legislature had impliedlv
declared its wish that solid banking institutions upon joint-stockprinciples, as in Scotland, should be established is the provincial
parts of Ireland to remedy the manifold evils which had flowed
from the system of insecure private " banks—the Bank of Ireland
took nn steps to establish branches in the provinces, which mul-
tiplied the evils so much as to require and occasion a fresh inter-
po
etsition
189 of the Legislature to carry into effect the objects of the
A of .
That although by the Act of 6th George IV., chap. 42, the
establishment of joint-stock banks was rendered practicable be-
yond the limits of fifty miles from Dublin, the country within
that limit, and the metropolis of Ireland was left exposed to the
evils which resulted fro
m the monopoly and the issue or eircula-
c ofk
of the notes of any other jeint.siock bank than those of the
Act of
Ireland was prohibited, and remained penal, under the
su rree d Ireland
and 91George 1 III., originally passed to guard and
mon oobl v
That the charter' of the Bank of Ireland a d the extensions
thereof, granted by the several acts recited, ha e expired on the
lat of .Tanuary, 1835
, and it now remains with the legislature to do
Zkn act of justice and ssund poUce, by leaving open to Legitimate
eempetition the trade of ba.nking in the city of Dublin, and within
limit of fifty miles, and thereby removing those impediments
Which the Bank monopoly interposes to the advancement of the
t, commerce, and manufactures of the city of Dublin. t, lay it therefore plea=e your Honourable House not to renew
banking Companies, but that Nitial privileges be allow d to all
',el' such statutary rrovisions as to your Honourable House
TrhlY "em fit.

And your petitioners, will ever pray.

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