The Sun.
London, England, 1841-09-17 00:00:00

THE SUN, LONDON, FRIDAY, SEPTEMBER 17. IR4I.

isted between the palace towards the east, and the
church in Kensington towards the west, was to Ix
entirely sacrificed to the public. The Right Hon. Gentleman
had stated that the measure was one which would have
been brought forward by the late Administration—it
was one of the great measures upon which the
two Administrations concurred in opinion—(Hear, and
a laugh)—a bad beginning.—(Laughter.) He hoped thk
Hon. Gentleman himself would go down to Kensington, and
as he (Mr. W.) remembered a good deal of what the
Right Hon. Gentleman had said of late years with
respect to the working classes, their recreations,
and amusements, he entreated the Right Honourable
Gentleman to visit the ground which it was proposed to
be sacrificed. 'lhe people in the neighbourhood com-
plained loudly on the subject.—(Hear.) They looked
upon it as a deplorable evil that they shouM be deprived
of such an open space of ground, at a time when tilt
Government were spending thousands for-the comfort of
the inhabitants of other parts of the metropolis. The
ground in question was excluded, in a great measure,
from public view, but it lay adjacent to a densely peopled
neighbourhood, the inhabitants of which would be
greatly benefited by having the space open. II
was an advantage which they would greatly prize.
He was astonished to find that the late Ad-
ministration, which professed to be so friendly to the
people, should have entertained for a moment
the project of building upon the space alluded to ;
and he would again entreat the Members of the new
Government to visit the spot before they came to a
definitive resolution on the subject. If the Government
said, after proper inquiry, that that space ought to be
filled with houses, he for one would yield to the decision,
although he should do so with very great reluct-
ance. The Right Honourable Gentleman him-
self had commenced their proceedings that night
with a motion relating to the health of Members.
Now, let them think of the health of the poor
as well as of their own.—(Hear, hear.) The Noble
Lord had spoken in the highest terms of Dr.
Reid's administration.—(A laugh.) Now he (Mr.
Wakley) approved of that administration also
in a salutary sense, and he would entreat the
present Government to reconsider the subject under dis-
cussion. He might next be permitted to allude, for
one moment to the statement of the Right Honourable
.Baronet, with reference to the Poor-law.—(Hear,
hear.) He thought the time which the Right
Honourable Baronet asked for considering the subject
was not unreasonable.—(Hear, hear, from the Opposition
benches.) The Right Hon. Baronet asked that the Poor-
law should be continued in its present torm until the
month of July next year. He (Mr. W.) was bold to
say that the time was not too long.—(Renewed cries
of " Hear, hear, hear," from the Opposition benches.)
The subject was one of enormous magnitude—it was
one which should be approached with so much judgment
and consideration, that he felt it would not be
unreasonable to allow the existing law to be pro-
longed for six months from the present •time.—
(Hear, hear.) He did trust that in the meantime
the most sober judgment would be applied to the
question, for it was one of such importance and
involving so many great interests that it was
impossible for this House or the other
House of Parliament to obtain the slightest re-
spect or confidence from .the public, unless it
was treated with the consideration it deserved.
He thought the time asked was not too long, for he
had not heard any individual whatever say what he con-
sidered in the present state of things ought to be done
with regard to that law.—(Hear, hear, from the Ministe-
rial benches.) No one could consider that the time asked
by the Right Hon. Baronet was too protracted. He hoped
that the interval would be employed in a calm
Consideration of the subject, so as to bring
about such an arrangement of that most im-
portant question as might be satisfactory to the com-
munity at large. _ _ _

Sir R. PEEL said, that with regard to the mo-
tion which his Hon. Friend had brought forward,the
Hon. Gentleman opposite had said the he hoped for some
success in his opposition, because the measure
was not brought forward on the responsibility
of the Hon. Gentleman. Now, he considered that by
bringing forward the question that Government was as-
suming to itself the responsibility of the measure, because it
was one which they could have abstained from bringing
forward if they had thought proper. Therefore they
were responsible for it ; that responsibility being, of
course, shared by the Members of the Government
who first proposed it. The Noble Lord had confined
his expression of confidence to the administration
of Dr. Reid, and had not seemed wil-
ling to extend his confidence to those who sue•
ceeded him in the Administration of the affairs
of the country. Now he (Sir R. Peel) was disposed to
admit that the Administration of one of the colleagues of
the Noble Lord had been entitled to great con-
fidence. With respect to the exertions Which had
been made for the improvements of the parks, guarding
himself against any more extended measure, he was
inclined to consider that Lord Duncannon had great
claims on his confidence. It was impossible to see
the improvements which that Noble Lord had made
without feeling that he was intitled to confidence; and
when he heard that the present measure had
received his approbation, it came with an ad
ditional recommendation from such an authority. There
could.kte no question as to the propriety of consolidating
the six kitchen gardens ; it was desirable as a measure
of economy.—(Hear.) It was proposed to defray
the expense of this consolidation by letting certain
lands belonging to the Crown on building leases.
To this ground the public had not at present any access.
It was not subject to the control of the department of
woods and forests. It was in the private occupa-
ti'n of the Crown and did not stand upon
the same footing as ground to which
the public never had had access, and it was proposed to
apply :the proceeds arising from the leasing of this
ground for buiklingpurposes, to defray the expenses of the
proposed consolidation. This was the whole arrangement.
rHe trustcd that that explanation would be deemed stitTi-
client, and that the consent of Parliament would be given
to a measure which had met with the approbation of two
successive Governments. •

Mr. WART said he understood, from persons well
acquainted with the neighbourhood, that a very general
desire was felt that the gardens should be devoted to
public purposes. Consolidation was exceedingly desir-
able, but it was still more so to consult the public interest.
He would take that opportunity of calling the attention of
the House to two other parks, viz. Kew and Richmond.
Kew Park was only open to the public .on cer-
tain days ; and Richmond Park was open to pe-
destrians, and persons riding in their carriages, ,
only as a matter of favour. He trusted that measures
would be adopted for opening both Parks. There
was one other subject to which he would
allude, because it was connected with the recrea-
tion of the public. In the well-known basin
at Bushy Park there was a statue of Diana,
and a fountain had formerly played. He was sorry to
say that that fountain had long ceased to flow,
and he thought it would add to the appearance
of the place, as well as to the enjoyment of the public,
if.it were revived. He hoped the Right Hon. Baronet
would
..girffhiS.-attention to these matters.
T. FREMANTLE said he would give his attention
to the subject s.iieferged to by the Hon., Alember. . The
resolution war-then agreed to, the Boise went into
COmmittee, and the report was ordered to be brought
uplto-morrow. -

-
Loa JOHN-. RUSSELL requested thc'Chaneellor.of
the ExOlequer to state on what day he prbpOsed• to '{i-o
into Committee of Ways and Means.
The CHANCELLOR of the EXCHEQUER said he
would answer the question to-morrow.
The Foreign 13ishops' Bill was read a second time.
Sir T. FREMANTLE brought in the Royal Domain
Bill, which was read a first time, and ordered to be read
a second time on Monday.
The House then adjourned.

BANK OF ENGLAND MEETING.-
(YESTERDAY.)

The Quarterly General Court of Directors and Pro-
prietors of the Bank of England for considering of a
Dividend, took place yesterday. At twelve o'clock the
Chair was taken by Sir WILLIAM PELLY, Governor of
the Bank.

The minutes of the last General Meeting haying been
read,

The GOVERNOR said the present was a Quarterly Ge-
neral Court, and one of the half-yearly meetings to con-
sider of a dividend ; and he had to inform the Court
that the Directors,' having considered the state of the
Bank accounts, were of opinion that a dividend should
be made, if that Court thought proper, of three-and
a-half per cent. interest and profit for the last half year,
ending the 10th October next. He had the pleasure
further of informing them that the dividend was taken
wholly out of the profits of the half-year, and that a
surplus remained to be added to the old rest of 7,725/.--
(Hear, hear.) _ _

The question that a dividend of 31 per cent. be made
was then put.
In answer to a proprietor the GOVERNOR said the
amount of the rest at present was 2,862,0661.
Mr. YOUNG thought the proprietors were entitled to
know something of the affairs of the Bank, because upon
the manner in which their affairs were managed depended
the increase or diminution of their dividend. He suggested,
therefore, that as a Finance Committee was likely to
be appointed by the House of Commons, it be-
came the duty of the Company to afford all the infor-
mation in their power. Every Proprietor of the Com-
pav must have felt the depreciation of their stock re-
sulting from the last charter. He as an humble indivi-
dual had raised his voice against it, as he foresaw that
that Company would be made the scape-goat. He
trusted, therefore, that that important subject would be
fairly considered through the medium of the Court of
Directors. They were entitled to be heard, not only for
themselves, but for the community at large. He
considered the interests of the Company as bound
up with those of the public, and the advantages
which they were able to confer on the public at
large would be followed by increased profits
to themselves. Having made these few observations, he
begged to ask whether they had sustained any further
losses through the means of discounting, and to what
amount ?

The GovEnNon hardly knew what the Hon. Pro-
prietor meant. There had been some losses from dis-
counting bills, but the general profits of the half-year
enabled them to make the dividend he had stated.
Mr. YOUNG said there was no doubt that if they had
no losses their profits would have been larger ; but he
would ask a question which was uppermost in his mind,
and he had no doubt that of many other Hon. Proprie
tors ; had there been any losses to the Company from
the defalcation of Directors ?

The GOVERNOR—None whatever.—(Loud cheers.)
Mr. Coot( was proceeding to make some observations
upon an important document, a copy of which he had
sent to the Chancellor of the Exchequer, when
The GOVERNOR reminded the Hon. Proprietor, that
the question before the Court was the dividend. Did the

Hon. Gentleman mean to make any amendment to that 1
motion ?
Mr. Cowl said he did not.
The GOVERNOR said they had better, then, dispose of
the question in the first instance, and then they would
hear what he had to say.
Mr. THOMPSON wished to ask one or two questions, and
on the answers would depend whether he would move
any amendment. They were called there to consider of
a dividend, and were asked to agree to it without five
minutes' consideration. He wished to know whether the
profit from the discount business was not greater than it
had been for some years past.
The GOVERNOR said it varied.
Mr. THOMPSON—Have there not been large bills drawn
on parties in Dundee and Riga which have been disho-
noured ?
The GOVERNOR said that occurred befOre the present
half year.
1. HOMPSON asked whether a person named John
Henry Barton, who had lately failed on the Stock Ex-
change, was not indebted to the Bank 18,00C1. ?
The GOVERNOR—I never even heard of his name.—
(Hear, and a laugh.)
Mr. TuomrsoN then moved, and, another Proprietor
seconded, an amendment to the effect that the dividend
be four per cent.
The amendment was negatived, and the original mo-
tion was carried unanimously.
The GOVERNOR announced that the dividend warrants
would be payable on the 11th of October.
COOKE then resumed, but, from the noise made
by Proprietors leaving the Court, his first observations
were inaudible where we sat. Charged as they were as
the authors of public mischief, it was the duty of some
Director to come forward and repel such charges ; but
while the Proprietary were sinking deeper and deeper, all
the gentlemen on the other side of the bar re-
mained as if spell-bound. He contended that if
there had been any blunders, they arose from
Treasury or Government blunders, or from the exigen-
cies of the times; the whole conduct of the Bank hal
been intended for the benefit of the country at large. If
losses had been incurred, and no doubt they had,
the Proprietors had a right to see whose hands
had been dipped in the Treasury: they had a right
to see the bullion account. But, no; the Directors
were only responsible to the Government of the coun•
try, and, unfortunately, they set the Proprietors at
defiance. The present Charter, he did not say it was in-
tended to be so, but it was a cheat on the Proprietors—
it ought not to have been accepted—the Institution
ought to have received compensation first. Had the
Government dared to treat the India House or the West
India interest in the manner they had treated the Bank?
—(Hear, hear.) In answer to that, look at the price of
Bank Stock and India Stock at the present moment, and
he would ask was it wise for the Government to play the
stepmother, and make chalk of the one and cheese of the
other? The Bank of England had saved the country—it
had enabled the Government to strike down a tyrant, and
save the homes and hearths of the people, and was she
now to be thrown aside as one who was now useless? Was
that justice ? Was it justice to take away the substra-
tum of their prosperity upon a mere doubt? So im-
portant a thing_ was Bank Stock considered, that
it was treated as real property, in requiring
three witnesses to its transfer by will ; and, if it were
thought necessary to destroy it, surely some compensa-
tion ought to have been afforded to the holders of it.
The Stock had been treated as if it had been the bubble
of a set of swindlers. He would beseech the Proprietors
to read the correspondence.;
A PROPRIETOR rose to order. He wished to know if
the Hon. Proprietor intended to conclude with a motion?
Mr. CooKE thought it would be highly impolitic in
him to conclude with a motion. The Hon. Proprietor
was proceeding when he was interrupted by
The GOVERNOR, who said that as he did not intend to
conclude with a motion, lie was not in order in continu-
ing his observations unless the Proprietors wished to
hear him.
Mr. COOKE was entirely in the hands of the Proprie-
tors.

A PROPRIETOR, to bring the question to an issue,
would move that the Court do now adjourn.
Another PROPRIETOR understood Mr. Cooke's object
to be to press upon the Directors the necessity of urging
on the Government that some compensation should be
given to the Proprietors if it was intended to depreciate
the value of the Bank Stock.
The CHAIRMAN was not aware of any such intention
on the part of the Government. The Proprietors might
be assured that the Directors would pay every atten-
tion to the care of their interests. The Second Re-
port of the Committee of the House of Commons was
published that day, and Hon. Proprietors who read that
and the former- report must be aware that the Directors
had furnished every necessary information, and had' done
evet y thing in their power to protect the interests con-
fided to their care.
Mr. COOKE considered the establishment had been
greatly injured by suffering others to establish Joint-
Stock Banks, without giving the holders of Bank Stock
compensation. He would not further trespass on the
time of the Proprietors, but he had thought it his duty
to mention the subject to the Court.
A PROPRIETOR considered the only injury the esta-
blishment had suffered, and for which they were entitled
to compensation, was the reduction from 8 per cent. to
3 per cent. Eight per cent. had been guaranteed by
Act of Parliament, giving the Government annuity of
100,000/. a year. In 1841, the Bank had given up that
100,000/. a year for the renewal of their Charter of pri-
vileges, and the consequent reduction for 8 per cent.
then took place, but he considered that when the term
for which the Charter had been renewed had expired,
then the annuity of 100,000/. had revived, and that
the Bank Proprietors were certain].) entitled to
it, because the payment of that annuity had
been secured to them by Parliament, until the re-
payment of the sums lent by the Bank to the nation
should take place. That was the only injury they had
suffered that he was aware of. He did not consider
they had been so much injured by Joint-stock Banks as
by the laxity of their own Proprietors, who might, if
they chose to exert themselves, and to communicate in-
formation to the Directors, greatly increase the business
of the Bank.
The minutes of the proceedings were then read, and
the Court adjourned.

SPIRIT of the PUBLIC JOURNALS.

FROM;TIIE DAILY rAkkitS OI YEStERDAY;

GLOBIC-LL el:neer/le the %tenni leadefs df
Toryism it is quite right that Mr. Goullititil sfiiill i bt
the genius of Tory finance. It is no less proper that the
" Duke of Buckingham should adorn a Landlords' Alarm-
Cabinet. Sir Edward Knatchbull is.a highly appropriate
watch-dog to keep guard on their movements; But
what business hate Lad Btthiley htid Pit al Gl4llll.lfi
with elestsalatinists ? What business have they to come
out as bitter satirists of commercial Liberalism? Is it cre-
dible that Huskisson, had he survived, could have spoken
their language ? These men stand in a lowered and a
false position.- There is language of theirs on record;
which proves that they Nett better theta the linatehbull
and Chanties creVte As fbr lair Rtibert 15b4 tie IS hot
degraded by pithdefing to ally prejudice ; because that
knack Is it main foundation of his fortune in politics. He
is the right leader for the sinking party of respectable,
prejudices in the present age. He works them with the
best effect, and surrenders them with the beat grace
possible. Ilefighta theta tip bhtil thry aft phtii4 tth
tenable any lok.ire end Elicit he 4Wes them up, and
elitillAS efediti for himself and his followers in their
abandonment ! This brings us to a brief estimate of the
difference between the two great. parties, with reference
to the operation of that difference on their gaining or
losing power. The Whigs g-aiti power at ell then
epochs when new tights Art Yetitiited tor Government.
They lose power whenever habitual prejudices muster
too strong for new lights. We do not mean, by saying
this, to pronounce dogmatically on the question of right
or wrong between Whig and Tory apimons in all cases.
Prejudice may sometimes be right, end reasoning may
sometimes be wrong ; but so it is, that when prejudice
has the upper hand, Tories bear sway. When reasoning
surmounts prejudice, Whigs take the place of Tories.
The latter are mainly the representatives of unexamined,
accustomed opinions. The former are the correctors of
those opinions, when they require correction; and the in-
novators on old regulations, when the public interest re-
quires new ones. It follows that, whenever thepublic mind
has not matured itself on such measures of change as the
Whig or Liberal party haVe selected for adoption, and
whenever a powerful phalanx of class interests, in ad-
dition to the prejudices which oppose anything new,
are brought against them; the Tories have been beau jeu.
It was so with Catholic Emancipation, which kept
the Whigs many years from power, and enabled the
Tories to " stand by our good old King," and fatten
on bigotry not their own—not that, at east, of their
more able leaders. It is so with Commercial Emend- ,
pation ; only, instead of standing by our good old King,
the Tories have stood against our good young Queen.
No matter ; they have had the sable regiment, as before,
and the Landwehr. The whirligig of time, however, is
sure to bring about its revenges. If churchmen and
landlords are talking nonsense, and opposing fancied in-
terests to real ones, then the church-and-land majority
will melt beneath public opinion. Opinion is, in the
long run, the dispenser of power, and opinion cannot for
ever be smothered by unreasoning prejudices.
STANDARD.—The re-assembling of Parliament
revives curiosity as to the course which will be pursued
by the Administration of Sir Robert Peel, in reference
to the "deficit" prepared for them by their predecessors
in office. It is an attestation of the public confidence,
however, that this curiosity is not very active.
The people seem to feel on one side, that the resources
of the "country are ample, and on the other that the
Ministers now directing public affairs will apply those
resources in a manner that shall be at once most
economical and beneficial, and least oppressive.
We hear a good many loose surmises as to particular
objects of taxation, and as to other modes of meeting
the emergency—but no one affects to speak with cer-
tainty; still less is it pretended by any one that revenue
must be sought in this or that particular quarter, because
it is unattainable in any other—proof of the universal
sclvency, if we may so speak, of all classes of the people.
Whatever line Sir .Robert Peel shall take it must
be acknowledged that he has kept his secret with ad-
mirable, and indeed with unexampled, inviolability ;
and this is no small merit in a Finance Minister. The
whole tribe of speculators are left completely at fault.
All we can know at present is, that the Slave-Trade Abo •
lition Bill will nut be practically repealed, as the late Mi-
nisters would have it, fur the sake of revenue—that the
agriculture of the country is not to be exposed to ruin, by
imposing a permanent and inexorable tax upon the food of
the people—that the cclonial and shipping interests aro
not to be frittered away to round -off a Budget. This
knowledge we have ; but this is knowledge still of a
negative character—it will nothing help the gam-
bling speculation. We may amuse ourselves with con-
jectures, and most of us do so ; but at present we can
hardly guess, and our guesses are suggested solely by
what seems reasonable.. A favourite anticipation is,
'that the postage stamp will be raised from one penny

to towpence, threepence, or even fourpence. Questioales-. .
such an increase would be unobjectionable. - We, for
ourselves, have been throughout earnest promoters of
a " cheap and uniform postage," the condition •of
which description would be completely fulfilled
by a fourpenny stump ; and 'from the first we.
protested against the penny stamp • as unnecessarily
low. During the short period while the stamp duty
was at fourpence, the rate of increase in correspondence.
was, we believe, greater than it has been at any time
since. There is, therefore, no reason to believe that the
amount of correspondence would . retrograde were the
stamp raised to fourpence ; but a fourfold increase in the
gross receipts of the Yost-glee would alone, if we are not
mistaken, make it unnecessary to Loh further for revenue.
Again, it ought to excite, we think, no surprise if Sir
Robert Peel should content himself with an ar-
rangement to proyide temporarily for the deficit,
and pause to observe whether the existing sources of
revenue may not prove adequate to its extinction.
COURlER.—Parliament re-assembles this evening,
and then, for the first time, will Sir Robert Peel have a
fair and legitimate opportunity of announcing the course
he has determined upon adopting with regard to public
business ; but, whether or not, the expected announce-
- ment will put an end to the desperate suspense under which
the organs of the late Ministry affect to labour, or satisfy
their longings for detailed information as to the nature of •
the measures with which he proposes to repair the finan-
&al blunderings of his predecessors, and as to the precise
character of the treatment he means to apply to the dis-
tempers in the body politic, aggravated if not engen-
dered by their system of ignorant but pretending charla-
tanism—remains to be seen. For our parts we entertain
a tolerably confident opinion, be his explicitness, be his
unreservedness in imparting information as to the inten-
tions of his Cabinet, or the definitive course of policy lie
purposes to pursue, what it may, that he cannot appease
the craving of their appetite. Indeed we believe, were
he to take them into his counsels and his confidence, and
lay bare the inmost recesses of his soul, that they
would still complain of being kept in the dark with
regard to his future plans and proceedings. It is their
cue to be dissatisfied—

"They would not, if they could, be gay ;"
and therefore all that can be done in the way of as-
suagine, their insane longing for a peep into the secrets
of the Cabinet will only tend to inflame their passion to
a still higher pitch of frenzy and extravagance. Now,
under this affected anxiety on their parts to be made
acquainted with the purposes, the designs and aims of
the recently-formed Government, appears to us to lurk
a spirit of dishonest and desperate factiousness, the
object being to thwart and impeach them, to defame
and denounce their authors, and obstruct, if not defeat,
every attempt to give them effect and vitality. This we
take to be one of their main objects in so preposterously
demanding from Sir Robert Peel an immediate and
detailed exposition of the various measures to which
it may be necessary for him to resort, in order to
make good the deficiencies, repair thy mischief's, and
correct the errors of those who went before
him. Bat it is not their only factious purpose ;
for they are silly enough to suppose that their
groundless and perfectly gratuitous clamours, re-
echoed by a contemptible clique of Anti-Corn•law
spotters in Southwark and Manchester, may have the
effect of forcing the Minister of the Crown into prema-
ture! and precipitate adoption of some one particular line
of policy, as well as into a premature declaration to that
effect; but the rebukes their over-eager expectations in
that respect have already received, and the uns'iaken
firmness with which the head of the Cabinet has reserved
the declaration of his intentions for the proper occasion,
should, one would think, have proved to them the folly
and absurdity of such expectations. We can assure
them, for their especial comfbrt, that they may clamour
as loudly and as long as their lungs will permit, that
they may bluster and coax, alternate threats with en-
treaties, menaces with prayers, but nevertheless that
they would not compel a disclosure of Cabinet secrets,
or of the measures prepared or being prepared by her
Majesty's Government one hour before the proper time
for making Ministerial announcements shall have arrived .

!HONEY MARKET and (milt Y NE WS

FROM THE MORNING PAPERS OF YESTERDAY.

TIMES.—The Manager of the Nottingham and
Nottinghamshire Banking Companj• has communicated
the statement made by the London agents of the con-
dition of that Company's account, at the time they re-
fused to pay the bills that fell due on Saturday. His
object is to show that the account was in such a state as
to render the conduct of the agents harsh in the extreme,
and he says that. if the agents had but given twenty-
four hours' notice of their intention, no difficulty would
have been experienced.
Th following is the statement referred to :
Draughts accepted £ll,4oo,Balance, cash ..... £6,600
Draughts unaccepted 8,160 Short bills
Acceptar ces overdue... 1,400 Received on Saturday,
Acceptances due on Sa- cash.
tut day, and forwarded 930 Remittances, cash
No: es, &c., paid on Sa-
turday 5OO

£22,5001

£19,260

. ,
Assuming that the item of " short bills" is equal to
cash, an assuption which is by no means granted, the
first glance at this statement would show so small a
difference between the two sides of the account, that un-
necessary harshness on the part of the London agents
might be hastily conjectured, since this statement, though
it does contain the actual state of the account, is just
such a statement as is calculated to throw blame on the
agents, the facts which caused them to refuse payment
of the acceptances naturally finding no place in it, while
it is given by way of making out a case favourable to the
Banking Company. In Rddit ion *to the sums which ap-
pear on the debit side of the account, the London agents,
it appears, have negotiated for the Banking Company
foreign bills to the extent of 12,3001. which they are liable
to pay, although such bills not having been presented, the
amounts cannot appear on the debit side. Bills under dis-
count make an additional amount of 8,6001. which
likewise cannot • appear in a statement like this.
These facts show that the statement by no means gives
the real state-of the case between the Banking Company
and their agelits, although literally true as far as it goes,
and that the items that cannot appear fully justify the
agents in not making further advances. But even if the
statement were such as to exhibit the relation between
the Nottingham Banking Company and the London
agents, still the request to
,pay the acceptances that fell
doe on Saturday was one with which the agents were by
lid matins bound to comply. They had not previously
itteitfe df tli totistence of such bills, but were, it is
said, first ftriltltilld U aim en the morning of Saturday,
when they were requested to adstmee 17,2001. for the
purpose of meeting them, without being allowed any time
to deliberate, although many of these bills had been
tisawh. 4, American houses, and accepted by the Notting-
ham Colnoii3'i lilki therefore represented no legitimate
banking transaction. As for the observation that no dif-
ficulty would have been experienced had the Company
had 24 hours' notice of their agent's intentions, it may
be remarked, that some months ago the agents sent such
ft Nttef to the Company as could not induce the latter to
that tliqe was any great disposition to assist
them with advances. It is e9gtntial to know clearly the
.merits of this case, as attempts have been made in va-
rious quartrs to. rest.; the condition of the Banking
company solely on the conduct of the London agent,,.
which, considering how small a concern this was, aps
pars fu have been very prudent and proper.
A lettet has heed received by a party in the city from
M. Surra y Bull, the Spanish Minister of Finance, '
wherein he states that all rumours of another military
insurrection to restore the Queen Regent are unfounded,
and that the Government possesses the means of preserv-
ing publie orders The Cortes having closed, he says he
shall now have more leisure to think on the means of
adopting a plan fcr the settlement of the whole debt and
the reform of the finance administration. He expressly '
declares that it is not the• intention of the Government
to contract fresh loans, but to adopt such a system of re-
trenchment and economy as shall enable it to meet its
claims.

ADVERTISER.—From Canada we have, various
items of an interesting, though, perhaps, nut important
character. We regret to observe that the boundary busi-
ness is still the fruitful source of local bickering and ill-
feeling.
The excessive drought which had prevailed in Canada
for a considerable time past, began to excite uneasy
ap-
prehensions for the coming harvest. The cattle were
said to be suffering severely, the pastures being com-
pletely parched up; and as a natural consequence of the
excessive heat, in several parts of the surrounding coun-
try the woods were on fire. In a letter from St. Anne
de la Perade, it is stated that for ten days previous to
the 23d inst. the bush in that neighbourhood had been
on fire, by which much valuable wood had been de-
stroyed. One individual, who had purchased a large
tract of woodland, from which he expected to derive in
the ensuiug winter 400 cords, had lost all by the devour-
ing element. Several houses are likewise said to have
been burnt in the back part of the parish.
They had likewise had severe frost in that section of
the country, by which it is stated several fields of buck-
wheat and potatoes had been frozen ; and the crops,
which up to this period gave promise of a more abundant
return than last year, are said to be suffering much for
want of rain. Their hay crop was very large, and had
been stacked in good order.
It is stated also that there is much burning near Ber-
thier, and that two entire fields of oats had been con-
sumed in that neighbourhood.
POST.--The Columbia steamer, well sustaining the
character which the line has hitherto borne, has brought
advices from New York to the Ist instant. In a coin-
mercial point of view the intelligence is but of little im-
portance, although it brings thesanction of the President
to the Bankrupt Bill, and the plan cf a new "Fiscal
Bank." The former measure is so inconclusive in its en-
actments that no benefit to the creditor can possibly re-
sult from it; the debtor alone having the power either to
avail himself of the provisions or to remain under the
old law. The construction of the bank was arranged so as
to coincide with the views of the President as deve-
loped in the late Message on the subject of the former
Bill. The present establishment, if carried into e&ct, is
solely to be confined to the transactions of the business
of Government and. the Exchanges; local discounts are
to he totally prohibited, as,are also foreigners from hold-
ing the stock. Persons hers ought to view this clause as
a privilege, when it is shown in some of the papers that
on a capital of 62,217,000 dollars paid up on account of
twenty Banks, a depreciation of 56,757,920 dollars has
taken place in three years.
The accounts from Liverpool had induced several
holders of cotton to submit to a reduction of half a cent,
at which large purchases had been made, both for ship-
ping and home consumption. Flour was on the advance,
and several parcels had changed hands, intended princi-
pally for the country.
IIERALD.—By the Columbia, arrived at Liverpool,
accounts have been received to the Ist instant from New
York, the 2d from Boston, and the 4th 'from Halifax,
The President had given his sanction to the Bankrupt
Bill, which is to take effect from the Ist of February
next. Either purposely or accidentally it is so worded

that the parties whom it will affect have the choice of
availing Ciemselves of its provisions, or of the existing
laws of the individual States, so that, to a great
extent, the benefit to the public generally will be
greatly curtailed. A more one-sided measure can
scarcely be imagined ; by it the creditor is completely
at the mercy of his debtor, he having the privilege of
declaring himself a bankrupt, and thus clearing scores or
by making an assignment, which is done every day in
America, and then coolly informing his creditors that
not a cent is left for them, some friend or relation having
possession of the whole of his property. To such an
extent has this swindling been carried that, during the
panic of 1837, a house here, who had 11,000/, owing to
them by one party, were obliged to accept their share
of assets, which, in the whole, was but 2601., to pay a
diVidend upon a large amount of debts, while at the same
time it was notorious to all parties interested in the estate
that the debtor had assigned to a favoured few property
more than sufficient to satisfy all demands in full.
A bill tin. a "fiscal bank," drawn up so as to obviate
the obj:Ttions made by the President to the similar
measure lately rejected by him was before tee House of
Representatives. Its operations are to he strictly con-
fined to the transactions of Government business and to
dealings in foreign and domestic exchanges ; local dis-
counts are to be prohibited. The capital proposed is
21,000,000 dollars, and foreigners are to be precluded
from holding the stock. This clause would appear to be
unnecessary, when it is stated that the shares of the
United States • Bank had been sold at 84, and that
the larger portion, of them are held by the English.
It may be mentioned incidentally, that aliens
aro not prohibited from subscribing to the new
loan ; and in • the bill which lately received
the veto, there was one clause prohibiting
foreigners from becoming subscribers to the Bank; and
another permitting the sale of the Stock to any person,
who might choose to become a purchaser ; this 'was
added upon the principle of free trade, the mover of it,
when the absurdity of retaining both was pointed out to
him, using an argument which proved successful—
" Would you prevent a citizen of a free State from dis-
posing of his property •to whom he pleased ?" The
Land Bill, after protracted and angry. discussions, accom-
panied with much personal recrimination, had passed the
Senate with amendments, which, it acquiesced in by the
House of Representatives, and it. was expected that such
would be the result, would render it almost inoperative.
A complete panic had taken place among the holders
of the Stocks of the suspended Banks. United States
Bank Shares had suffered in the greater degree, but had
rallied from 81, the lowest point, to 111, which was the
highest quotation at the sailing of the packet.
All persons who by any chance have bad the official
handling of the cash, appear to have considered it their
duty to help themselves as largely as possible to the
funds entrusted to their care. The Directors have natur-
ally had the first opportunity—Biddle and his coadjutors
for example, and now that the inferior officers, cashiers
et hoc genus mime, have been following in their steps,
they are to be held up in terrorem. One among many,
the cashier of the Mineral Point Bank, has been ar-
rested. He was found to be in possession of about
100,000 dollars belonging to the Bank, most ingeniously
secured under the blank or fly leaves of some books.

POLICE INTELLIGENCE.

MANSION-HO USE.

A strapping masculine woman, named Eliza Rae, was
brought before Alderman Pirie charged with having
robbed a tide7surveyor of the Customs of two sovereigns.
Mr. Kemp, the prosecutor, stated that after having
visited, according to orders. soil; ships in the docks, he
was returning home, and n ar .ne Monument he slipped
and fell to the ground. Tile moment he was down the
priioner crossed over to him, clapped her hand in his
pocket, and whipped out of his pocket two sovereigns,
which were contained in a leathern bag. He got up as
Speedily as he could, and accused her of the robbery, but
she ran off as fast as she could. Witness, upon looking
round, perceived that his umbrella had disappeared as
well as his money. He ran in the direction which the
woman took, and with the assistance of a policeman
she was apprehended with his two sovereigns in her
hand. _ _ _

A solicitor. who attended for the prisoner, asked the
prosecutor whether he had not been in conversation with
the woman for some time before he accused her of the
robbery?
Thu Prosecutor—Not at all. She had followed me
across the street, but all the conversation I had with her
consisted in my charging her with the rubbery.
A policeman stated that he heard the cry of "Stop
thief" at half-past ten o'clock, and being on the sharp
look-out, saw the prisoner running, and caught her in his
arms. Tne moment he had her in his embrace he asked
her whether it was all right ? " Oh, yes," said she, "it
is all right. Come along and I'll treat you." When
she feared that she was in danger, she endeavoured to
escape. Witness found the two sovereigns in her hand,
and O. 10s. in her pocket.
The prisoner said that upon her honour she was as
innocent as a new-born babe.
Alderman PIRIE—I can't take your honour against
this gentleman's oath.
The Prisoner—Well, then, upon my oath, I never saw
the man till he accused me of doing what I never thought
of doing -.robbing him. I hope you'll believe me.
Committed for trial.