The Sun.
London, England, 1825-12-22 00:00:00

BANKERS' RESOLUTION, &c. 17'97.

On the Proclamation for suspending Cash
Payments in 1797, the principal Merchants and Bankers are
related to have directly afterwards assembled at the Mansion-
House, where they drew up and adopted the following Reso-
lution :

" Mansion-House, London, Feb. 27, 1797.
" At a Meeting of the Merchants, Bankers, &., held here
this day, to consider of the steps hich it may be proper to
take to prevent embarrassment to public credit, from the
effects of any ill-founded or exaggerated alarms, and to sup-
port it with the utmost exertions at the present important
conjuncture;
" The Lord Mayor in the Chair.
" Resolved unanimously—That we the undersigned, being
highly sensible how necessary the preservation of public credit
is at this time, do most readily hereby declare, that we will
not refuse to receive Bank notes in payment of any sum of
money to be paid to us ; and we will use our utmost endeavours
to make all payments in the same manner.

(Si'ned) " BROOK WATSON."
The signatures of all present were immediately affixed to this
Resolution. In the course of a few days it was likewise signed
by all the principal merchants, bankers, and traders through-
out London, and copies of it were immediately circulated in all
parts of the kingdom. A similar paper was also signed and
published by the principal Lords of the Privy Council. The
Resolution was followed by a demi-official paper, as it is termed
ihthe accounts of the panic in 1797, intitled " Bank Notes,"
and setting forth the reasons for issuing them only, and for
having confidence in them. Having enumerated the Bank
capital, and the character of its dealings, the demi-official pro-
clamation thus concluded :=-" Under these circumstances, no-
thing short of a collusion, or confederacy (which is inconceiv.
able), between the Government and the Bank can furnish a
doubt of the solidity and ultimate security of Bank Notes."
'Whilst the alarm was at its height the Bank was repeatedly
crowded, day after day ; but says Anderson's "Annals of Com-
merce," within a few days (so great is the versatility of the
human mind) all transactions of every kind went on as if no-
thing had happened.

TILE MATTAN DIAMOND.—The Rajah of Mat-
tan, in Borneo, possesses the largest and finest diamond which
has hitherto been. discovered. It is said to be of the finest
water, and weighs 467 carats, while the celebrated Pitt dia-
mond weighs only 127. The Mattan diamond is shaped like
an egg, with an intented hollow near the smaller end. It was
discovered at Laudack, about 90 years ago ; and though the
possession of it has occasioned numerous wars, it has been about
eighty years in the Mattan family. Many years ago the Go-
vernor of Batavia sent a Mr. Stewart to ascertain the weight,
quality, and value of this diamond, and to endeavour to pur-
chase it ; and in this mission he was accompanied by the pre-
sent Sultan of Pohtiana. After examining it, Mr. Stewart of-
fered a hundred and fifty thousand dollars for the di:tmond;the
sum to which he was limited; and, in addition to this sum,
two war brigs,-with their guns and ammuition, together with a
certain number of great guns, and a quantity, of powder and
shot. The Rajah, however, refused to deprive his family of so
valuable an hereditary possession, to which the Malays attach
the miraculous power of curing all kinds of disease, by means
of the water in which it dipped, and with which they ima-
gine the fortune of the family is connected. • '