The Sun.
London, England, 1833-08-21 00:00:00

bee(
measure being brought in to regulterdshif
houses. We must, however, do his -nrobat4
the justice to acknowledge that he reripitte6
andthatmagistracy he
the shows
gt to
bt:eeesi'ss\h,,toPl::
some of the recommendations of the COl'', in the
powerno
The speeches of Mr. PALMER and l‘lr'etie.
BURTON will be found well worthy ofatire Sir%
As the former truly said, to re,_clu'iistisl,ll
doisrpoltizi
sureties from the class of persons wee 500
keep beer-shops, or are likely to engage,,ligt°
an occupation, particularly if two of the' O.
of the parish in which the shop is to beeootit
be
b ilished, will amount to saying that nOtetdo°,
.twenty of the present shops must be pil.
The poor now get a cheaper and a betters",
than they did before the Beer Bill was hi) 611.,
and although poaching expeditions maY "e':
cocted in beer-shops, they would have been e.oti\fote
concocted had there been no beer-shops., teo
than nine-tenths of the robberies committolg
London
are concocted in public houses ; b, Au
ever suggested that, public houses shout° silo
fore be put down ? To putting beer blsreei
public houses upon terms of equality, Itie:
be_ no objection ; and if we mistake Tin"
former have petitioned more than ono not
some of the restrictions to which they are esiosit
and to which publicans are not exposed, rellinf of!
but we must protest against the adopti° "I re
measure,. which shall give magistrates the Yfor
nical power they desire, or place the Cl3„fril;V
and the necessaries of the poor more out viol 7t
reach than they are at present. The, „'
again to be brought forward next seas'°-,,'
we. hope it will be with such modifieatno,
will provide for the preservation of Peac:
order, without trenching unnecessarily' ur-n
liberty of the subject.

The Morning Chronicle of IVlondOi
tamed the following paragraph : .0.01
" It is supposed that the establishment of fli:Clls?f,
banks of deposit in the metropolis, under the 13Jinditiolle,'
Bill, may be the means of catisinc, an au
5,000,0001. to the circulation of the count?: tbsl,
security of such banks will be deemed equal
the Bank of England itself, and as they will,bne
otefctehiveierldairsgeeoudneptsoswitsi,llibteminayprboepsourptipoons.ed
itbta.itgtbc'elic:l;t,
not unlikely that the competition may causs,
adoP
plan of allowing a small interest on deposits to ','e,t,eocll,4
It is even said that the Royal Bank of Scotland 0,
establish a Branch Bank, on that plan, in
effect seems pretty certain, that in time all der IPr
be made in banks of many proprietors rather lb° „
of few."
Th,
boo

.is paragraph does not appear to $1;
editorial sanction of our contemporarY;feeli
we suppose is merely put out as a kind (3' Jr
by some friend of the Bank of Seotiantli:oid
however, notwithstanding the caution wit"
Diu
it is worded, it may create an impresail,
respect to the effect of allowing joint-swckatlll'
of deposit in London, which is not aft% fei
correct, we deem it worth while to say beiri
words upon it. The idea of five millions fti
added to the circulation of the eoutltr'st'll,?'
might almost say of the metropolis, to lir
if acted upon, be attended with loss 01'1
parties placing credit in it. The writer :9,
01
above assumes that a large joint-stock ha'"'„ to
posit would grant discounts in proportt°-ill
f
deposits, which we are willing to admit wortV
large. Discounts are made on the credit he jir
discountee's name, not on the credit of t
counter. A bank in high credit with aeo
command of money will not be inclnt boo ,
discount doubtful bills any more than el,
with only six partners, and a very lirnite
mand of money. How, then, is an "crthe
os;
of the circulation to arise in conseq
Lance
establishment of a mere joint-stock I°ldetqi
deposit ? We should say that the leg
,stoc'i!
of the universal establishment of Pint.o,'
banks, and the abolition or amalgam
many small London banks, would be to ditne,e4
the amount of discounts, inasmuch as cilioley
small bankers must be intimately aequasolls:,l
with the affairs of a greater number 0119,'"00
and more willing to give them credit, ta
dozen directors of a large establisluneut' effecj.
no fear need be entertained that 01°0 °,
of this change would be to disable ft'aioo
fair dealing and good character from °"
temporary pecuniary accommodatinn thin
the contrary : it would lead to a state °t ‘,O 51",
which would facilitate their accommooda:;
less cost than they are now at in gett'n'oce,";
bills discounted. A necessary consequ,..e
the general establishment of joint-styc%yst..l
of deposit would be the adoption of theeor,
of cash credits now prevalent in 'jot to
A trader wants a loan of money ; ives
stead of getting friends to put their 03.13,,, 11,1 e
bills, or if he have sufficient credit, gent
,„;
banker to discount his own note, wili!
same friends, or some one in whom tne €
stock bank has confidence, to enter int°,ii a
t'ell`/(1
credit bond, under which the bank wii,"
him to draw for the sum specified in
stir,d
charging interest upon it by the day,afr4
give him credit for all he pays in, allotrl.L'nlere'
by the day a somewhat less rate of I he,
0n
than they charge him for the moneYieci
draws out. If we may hazard a 4"
ture, we should say that it was the 40
of joint-stock banking in Scotland, 'ave
it impossible for the Directors or MO,,,i¢fli
to know the state of credit, and consellote`
safety of discounting the bills of' all who ere'
money, that gave rise to the plan of crio%l the
dits. At any rate, we cannot perceive Pdepo',
establishment of joint-stock banks of eeisiLl'y
in London would have the effect of iliticarro
the amount of the circulating
5,000,0001.

SO°:
erio.B

Lady CHARLOTTEBERKELE—Y oirt
afternoond
died
dketnh
on
nt
Mondß er k ealye ye
vheonuisne;.:;ll. er
o°
R ,oo daygardens, and
ship was the wife of Captain BE
ICELErt 101 b
the Lords of the Admiralty, and
sister 01 the e died
RICHMOND. Her Ladyship is supposed to ha/
spasmodic cholera. that 811,0
A portion of our city capitalists, 31 ged
important one, is at this moment deeply ginger, °fel
speculation in the articles of indigo, sugar, Pesheeil'es
have to rj rc'
wool, and cotton, by which their prices
materially enhanced, in some cases equivalentse worifoitlij
50 per cent, or more. We mention it beau,. tbioglore
fleeting persons in the city look at this state o,bet °cc
lio
alarm, anticipating, from its resemblance to t it, sof
in 1825, a similar reaction on commercial ere_
_ever, pi
point of fact, a second panic. There is not, 6:we bosgre
other points of similarity in the two periods oYbecll(
foreign loans, or other large undertakings vibjetroli,.
of
our capital into other countries ;on the oil, on tfr
prospects are beginning to open on those "'ril °,
1825, with the chance of recovering some P°Thosi,:sio°.:
money thus madly and foolishly expended. neeu''' rtir
from adding to the effect of the conunercial.tthe E' 100
they will form a set-off against them ; 0'1(1'6, tbd i
carry those speculations beyond certain boon rest reet cni
will be the sufferers, without involving t" „bon' ;Aerie
i
aarob:paltei n,co
bnopsnua
tt
mte
aa.
ytt ,h
helwe,viiaiite:h:igitnhinlieeesredee:
teetafhpkete,isioneonnseppeerebuaipa
community. Indeed, many well judging Pteb", art:;i4,
if
.tigar and indigo, for the scarcity of whicove
been carried too far, and that a reaction relay tbe
time, to our cotton and woollen main'Yuftsitoe;'esuli;::°;9"
i, a just one'
hot much longer, Time'. tion1:1 be rep":