The Sun.
London, England, 1824-11-30 00:00:00

PRUSSIAN NATIONAL BANK.

BERLIN, Nov. 12.—1 t has been known for
some months in the mercantile world that the
Pro,ident of the Committee of the Sinking Fund,
ho has for many years directed all the financial
o!erations of the State with the greatest ability,
had entered into a negociation f+vith a well-known
house in London for the establishment .of a Na-
tional Bank. That this was more than a mere
project appeared from an article in the Statutesof
the Pomeranian Provincial House, in which it is
especially stated that, in case a National flank
should be established, the Pomeranian Land-
owners should never be obliged to accede to it
against their will. Yesterday, however, a report
was spread that this establishment, which is
highly desirable not only to merchants but
to all other persons, has really been brought about.,
The Prussian National Bank is to consist of
50,000 shares or 1,000 dollars each, or a capital',
of 50 millions of dollars •(about eight millions
sterling). Any person can take part in it by
paying 500 dollars in money, and 500 dollars
in State Bonds (called Staals-Schuldscheine),
for which he 'twill receive a share of 1000 dol-
lars. The 25 millions of State Bonds are to
be withdrawn from circulation, and deposited in
the 'Bank. The other details, as well as the
commencement of its future operations, will be
made known to us by statutes ; but it seems cer-
tain that it will issue a considerable amount in
Bank notes not bearing interest, and thus remedy
the scarcity of ready money which is more and
more felt. There will certainly be no want

of persons ready to take shares in the now este.
blishment, is not only foreign commercial houses,

but 1110 "Society for Maritime Commerce,"

which has very large funds, are likely to sub •
seribe for a great number of shares. This news ha.
already produced the good effect of causing the
stale bonds, which bear 4 per cent. interest, to rise
from BSA to 994. This is the more remarkable,
as, for this year past, our funds have always fol-
lowed the French, rising or falling as they did.
But as the French funds have risen very little
for some time past, the sudden rise of our State
Bonds can be ascribed only to the hope that the
Prussian National Bank will shortly begin its
operations. Every merchant is curious to see in
hatiituation the Maritime Society will stand
et. the National Bank, as that Society has latterly
not confined itsolf to th'e sale of salt, .hut,
aides, other, commercial hu%htess, has even under.'
taken to send goods to Mexico and other parts
• i f A• write, and has even established factories
for this particular purpose. Neither are we

yet informed u }tether the Royal Banks,

io which the tribunals are said to place
the funds of minors at tf per cent. and
private persons their money pt 2 per cent., will
lie authorised to take a part in the new Bank.—
I t probable that the new Rank will cause the
rate of discount to be more steady, for it has
hitherto been subject to great fluctuations, and
especially before the wool fairs used to rise to
the incredible rate of lli to 18 per cent.—(4ll.
gemeinc Zeitung, Nov. ,9:20

:,,-14.011D' BYRON-AND 111R.'•M URRA*Y.