The Sun.
London, England, 1822-03-22 00:00:00

SARACEN'S HEAD INN,. SKINNER•STREET, SNOW,

HILL: LONDON

THE following POST-COACHES, MAIL.
COACHES, &c, set out from the above Inn
" Telegraph," DOVER, Deal, Ramsgate, Margate,
Canterbury, Fevershani, and Sandwich, new Post-Coach—
every Morning at a quarter past 7 o'Clock.—ln consequence
of the decided preference given to the above.-Coach,'t he' Pro-
prietors are determined no expense shall be spared to render
itthe brst conveyance•on the Kent road.
BROMPTON, Chatham, Rochester, Gravesend, Stroud,
Sittingbourne, and Rainham, every Morning at a quarter past
7, and Afternoon.
FALMOUTH, Plymouth, Exeter, Truro, Bodmin, Pen-
ryn, Ashburton, Totness, Weymouth, Dorchester, Dart-.
mouth, and Salisbury, every morning at Seven ; through
Hobiton,'Axminster, Bridport, Blandford, StoCkbridge, Ba-
singstoke, Hartford Bridge, Blackwater, and Bagshot.
The " Union," SOUTHAMPTON, Lymington, Winches-
ter, Basjngstoke, Hartford Bridge, Black water, and Bagshot,
New Four Inside Coach, every Morning at Eight; arrives at
,the Coaclr and Horses, Southampton, by Five.—This is a
most delightful Conveyance to the Isle of Wight, Jersey,
-Guernsey, St. Moines, Havre de Grace, Cherburgh,
The ProprietoTs of the above Coach hope to receive a con-
tinuance of that support which has hitherto been experienced
since the commencement of the " Union."—No racing with
other Coaches.
BATH and BRISTOL Flying Post-Coaches, through Chip-
penham, Caine, garlborough, Newbury, and Reading, every
4 fternoon at one; arrive at Mr. May's., the Greyhound Inn,'
Bath, and the London Tavern,
.Thomas-street, and Swan,
Bristol, next Morning.—Coaches to Wells, Bridgewater,
Tattnton, and Plymouth. .
The UMPIRE, a New LIVERPOOL, Light Coach, only one
Night'on the Road, carrying Four Inside, sets out Daily at
One ; arrives at Liverpool next atternoon at Seven, through
Woburu, Lathbury, Northampton, Wellord, Lutterworth,-
Hinckley, Atherstonc, Lichfield, Stone, Newcastle, Knuts-
ford, Warrington, and Preston.
SHREWSBURY, Wellington, and Sic Post-Coach,:
every A ft ernoon.—Guarded.
The UNION, WEYMOUTH,Dorchester, Blandford,Salis-
bury, Andover, Overton, Basingstoke, Hartford Bridge, Black-
water, End Bagshot, new Post Coach, every Afternoon.—
"The Wsimouth Packets to Guernsey, Jersey, Cherbourg,
St. Malk's, &c.
BARNSTAPLE and Sonthmolton Post Coach, every Mon-
day, Wednesday, and Friday Mornings at Seven o'Clock.
The, " Rockingham," LEEDS light Post Coach, sets•ont
every Afternoon at Four; and passes through Baldock,
Big-
gleswade, Eaton, Silton, Greetham, Grantham, Bawtry,
Stamford, Markham Moor, Newark, Bettor, d,Doircaster, and
Ferrybridge, to the Golden Lion, Leeds, next Afternoon.—'
Luggage and Packages only t:id per Hr.—Notwithstanding the
uncommon Expedition of this Coach, it is alloWed to be the
most agteeable and complete Public Conveyance on the
North Road, being unequalled by any other.
HARROWQATE and Ripon new Light Post Coach, every
Afternoon at Four.
GLASGOW, Longtown,Gretna-green,Annan, Dumfries,
Biownhill, Thornhill, Sanquhar-Kiln, Canmucl, Kingswell,
and all Parts of Scotland, a Post Coach daily.
YORK, Scarborough, Whitby, Shields, Suuderlaud, New-
castle, and Edinburgh, New Post Coach, with a Guard
throughout ; sets out every Morning, by way of Newark,
Retford, Doncaster, Ferrybridge, Tadcaster, Darlington,
Northallerton, Durham, Not peth, and Berwick. Passengers
finding theniselves fatigued on the journey, may rest what
time they please, and then proceed without any additional
Fare.

MARLBOROUGH and Swindon, new four-inside Coach,
through Aid bourn, Reading, Lambourn, Purton, Lydingtun,
Pewsey, Wootton Basset, Raissshury. Hungerford, Newbury,
and Maidenhead ; every Morning.
BIitIDGENORTFI, Walsal, Shrewsbury, Salop, and Holy
,bead Four Inside Coach, every Afternoon.
BOSTON, Spalding, Pete' borough, Stilton, and Hunting-.
don Royal Mail Coach, every Evening, to Spilsby, Louth,
Grimsby, and Hull, Afternoou at a Quarter before Six. ,

CARLISLE, Penrith, and Whiteliaven Post Coach, goes
with Four Horses, and a Guard all the way, passes through
Brough, Appleby, Greta-bridge, Richmond, Cattcrick, Bo-
' roughbridge itrytherby, Aberford, Forryb ridge, Newark,
Doncaster, Grantham, Stamford, Bawtry, Greetham, and
Stilton. Sets out every Morning, and performs the journey
with the greatest facility. Passengers detained on the Road
by business or pleasure, have the peculiar advantage of their
Seats being secured in the next Coach.

KENDAL, Lancaster, Preston, Kirby-Lonsdale, Bolton,
Chorley, Oantskirh, and Garstang Post Coaches, every After-
noon.

LIVERPOOL, Warrington, Knutsford, Stone, Stafford,
and Litchfield new light Four Inside Post Coach, (only One
Night on the Road), every Afternoon at Three o'Clock ; arrives
at the Saracen's Head Inn, Dale-street, Liverpool, next
Evening. •

WAKEFIELD-Post-Coach, every Morning.
CHESTER, Newport, Whitechurch, Tarporley, Nampt-
wich, Nort
Sand .Middlewich Post-Coach, every After-
noon.

SUNDERLAND, Stockton, and Yarm Coach, evcry'
Morning, to the George lun,.Sunderland.
MAN-CHESTER, Winslow, Congleton, Newcastle, Walsal,
snd Wolrerl►ampton new Four Ins►de Post-Coach, every Al-
ternoon.—Only One Night on the Road.
SHEFFIELD and Rotherham Post-Coach, called the "Nel-
son," every Morning.

BIRMINGHAM 'Pint Coach, sets out every Afternoon at
Three o'Clock, carrying Four Inside only; and passes thro►►gh
Warwick, Leamington, Southall), and Daventry, to the Sa-
racen's Head, Bull-street, Birmingham, next Morning at
Half-past Seven.
HULL, Lincoln, Northeave, Howden, and Doncaster, Post
Coach, every 'Morning, to the Cross Keys, Market-place,

HERTFORD, Ware, Holdesdon, and Cheshunt Coach,
every Morning.
TOTTENHAM and Edmonton Coaches daily, at Eleven,
Half-past Two, Five, and Eight.

•.s* Luggage and Pacl;ages to Leeds, Doncaster, and Ferry-
bridge, at only 2d per pound.
S. A. MOUNTAIN and Co. respectfully acquaint their
Friends and the Public, that they will not be accountable for
any Parcels, Passenger's Luggage, Wtitings,• Plate, &c. of
more than Five Pounds Value, if lost, stolen, or damaged, un-
kss entered as such, and the Insurance paid for accordingty,
at the Sataceu's Head Inn, Smew-hill, London.

Mr. N. GuNiinY (of Richmond) rose, and said that he had
transmitted a letter to the. Governor, which he desired should
be read.
The GOVERNOR replied, that he'held the letter in his hand,
and would now read it with the leave of the Court. It was as
follows :
" To the Governor, Deputy-Governor, acid Directors of the
Bank of England.
" I demand that an account of the general state of the
Company, an account of t4ie income orptofits for the half-year
immediately' preceding the day of holding the Court in the
course of the prmnt month, with an account of the charges
of management ror the.said half-year, be laid before the Court,
for the purpose of enabling the Court to consider the state and
condition of the Company, and to declare a dividend of all
the profits, the charges management only excepted, as the
law directs. NATHANIEL .GUNDRY,
" Proprietor of more than Five Hundred Pounds Bank
" Stock.
Richmond, March 9, 1822.
" I also give notice, (that the question may not come sud-
denly on the Governor and the Directors, and that in the mean
time ,the records of the Bank may be examined), that at
the ensuing Court I shall inquire whether it is a fact or not, as
asserted in a Treatise, published in 1759, by Philip Cantillon,
that previous to that time it was the custom for the Governor
and Directors of the Bank to lay the general state of the Com-
pany's affairs before the Proprietors at the half-yearly Courts,
and thereby determine the quantum of the dividends which
could be afforded to the stockholders out of the Companr's
profits. • NATHANIEL GVNDRY:
The question was again about to be put, when
Mr. GUNDRY required to know from the Governor, whether
he had inquired into the practice as Mentioned in Mr. Can-
tillon's treatise, from the records of the Bank ?
ThkGpvEntioit said, that the very words of the resolution
now put exactly corresponded with those .used by the Court of
Directors on similar occasions, when they communicated their
recommendation respecting a dividend to the Bank. The
words were exactly the same as those used at every Bank meet-
ing for nearly a century. On the subject of the Honourable
proprietor's dernand for an account of the income and profits of
the Bank, for the purpose of enabling the Court to enter into a
consideration of its situation, he had only, to state (as, indeed,
he had heretofore done upon similar requisitions), that whenever
the Court of Proprietors called upon the Court of Directors for
the production of any particular paper, it would be then for the
latter to comply with such a request; but a single proprietor
had no authority to call for the production of any accounts.—
(Hear, hear.)—He must again repeat, that he had searched the
records of the Bank for a century past, and could find no trace
whatever of the practice stated in Mr. Cantillon's pathphlet.—
The present motion was in the exact words which were uni-
formly found upon their records.--( Hear, hear.)
Mr. N. GUNDRY observed, that he did not think this expla-
nation satisfactory. The resolution might contain the words of
past resolutions ; but were no other words of additional import
to be found-on the records, as Mr. Cantillon had stated in his
book ?

The GOVERNOR replied in the negative: He had found
great difficulty in obtaining a glance at Mr. Cantillon's book,
whieh was written in a loose and vague manner, and he could
assure the Hon. Proprietor that no trace was to be found upon
the books or documents of the Bank in support of the statement
in the tract. The words were exactly in conformity with the
record fbr nearly a century. He had tried much farther back
. than the time, alluded to by ,Mr. Cantillon, and there was not
the slightest trace of buy evidenceinsupport of his-statement.
Mr. N. GU srrinv was still expressing his dissatisfaction at
what he .deemed the incomplete answer of the Governor, and
pressing for farther information upon the practice, when
Mr. HANDLE JACKSON rose, and said, that the Hon. Pro-
prietor had fairly and directly propounded a question, whether,
previously to the year 1759, a particular practice did not obtain
at the Bank, and in support of its previous existence he had
quoted a pamphlet.' In reply to the question, the Governor had
informed the Hon. Proprietor, that upon reference to the Bank
records, no trace of such a practice was discoverable at the_ time
the pamphlet purported to be written, nor for 20 years previous,
the reference having been 'carried so far back. He hoped to be
excused by the lion. Proprietor when he said that the answer
was not incomplete and evasive, but was as direct and full as,
could possibly be given by any public authority under similar
circumstances.—( ['l ear.)
Mr. N. GUNDRY repeated, that he thought it unsatisfac-
tory. He was exercising a public right, which had for its ob-
ject the disclosure of the accounts, ,to which the proprietors
ought to have a right of access--an opinion which the Learned
Gentleman had himself supported, though he now seemed to
entertain one rather inconsistent with that which he had for-
merly maintained in that Court, arid discouraging an inquiry
which he had himself once recommended.
Mr. RA.tcDLE JACKSON disclaimed any intention of disdou-
raging any honourable proprietor's inquiry. Ile had risen
merely to preserve the forms of their proceedings. The honour-
able proprietor seemed to behf opinion, that when he called
for, such and such documents, the Court of Directors were
bound to produce them. The whole question then was, whe-
ther by the charter a single proprietor legally possessed such a
right, or whether it was only to be exercised by the volition of
a majority of proprietors, expressed in the usual manner in that
Court ?---(llear, hear !)—He did not wish to discountenance
any man's efforts; and he broadly challenged the honourable
proprietor to show by any speech or writing of his, that he had
acted inconsistently in a single instance--wherehad he con-
tradicted himself ? It was true, that on a former occasion he
had moved for a participation by the proprietors in the profits
of the Bank ; and to raise the question he had moved as an
amendment that the dividend be 5.3 per cent. instead of 5. If
he thought a similar proposition equally discreet on the present
day, as he did on the former one, he should not hesitate to re-
peat it : and lie had no hesitation in- saying, that the former
Governor who resisted putting his motion at the time had acted
indiscreetly. He would challenge any functionary of the two
great corporations, the Bank' and the East India Company, in
whose affairs lie had long taken a part, to point out an instance
in which he had acted inconsistently.--(Hear, hear !)--He cer-
tainly should not have advised the step taken by the honour-
able proprietor of going to law with the Batik upon the con-
struction of their, charter, nor did lie mean to be understood
as giving an opinion one way or the other upon the law of the
case.

Mr. A STELL rose to order, anti expressed a hope that the
day would not be spent in perSonal altercation among the pro-
prietors. They had all public business which required their
better attendance.__( Hear, hear !)
The GOVERNOR then put the question that the dividend be
5 per cent., and intreated that the proprietors would confine
their observations to that point.
Mr. N. Gurtinur recommended that the dividend be 6 per
cent. instead of 5. He merely took that course to open the
question, and should move an amendment accordingly.
There being no seconder, Mr. N. Gundry's amendment could
not be put from the chair; but the Honourable Proprietor
continued on his legs, complaining of the inattention he bad ex-
perienced.

- The GovEuxon defended himself from the honourable pro-
prietor's imputation ; and said, that in the irksome situation in
which he was placed, he had only to consult the general wishes
of the Court, and not to look merely at individual feelings.—
(Hear, hear !)—lt was the Court which refused to listen to the
Honourable Proprietor, and not the chair : indeed, if he (the
Governor) had to.blame himself for any thing, it was rather for
permitting the Hon. Proprietor to exceed the boundaries of form,
than otherwise.—(Hear, hear !)
The question upon the half-yearly dividend of 5 percent.
was then.put and.carried, with the single dissentient of Mr.
Gundry, who again complained of inattention.
LOAN TO GOVERNMENT.
Mr. R. JACKSON rose to ask a question touching the con-
-flexion between the Bank and the Government in a particular
transaction. In doing so, he begged to say that he placed the
most implicit confidence in the Court of Directors, and would
willingly concur in any measures of theirs which went to up-