The Sun.
London, England, 1833-12-24 00:00:00

THE BANKING TRADE.

It appears from the advertisements issued, that, though
the time is not yet definitively fixed, the London and West..
rninster Bank will shortly commence business in the me-
tropolis, with which period will also commence those a:-
terations in the system of banking on which this and
other banks of the like kind found their pretensions to
public support, and which are permitted, some of them for
the first time, under the new Bank Charter Act. The
most important of these alterations is that of allowing
113Lerceb on dcpooito, has Jung been a des ideratittn
with the moneyed interest of London, and certainly ought
to exist in such a community. The private bankers and
the Bank of England have uniformly resisted it—tbe former
because their profit was derived from the deposits of their
customers, and the latter as perhaps not caring much
about the matter, or not choosing to incur the unpopula-
rity with the body of bankers at large of disturbing the
existing practice ; or a still more powerful motive might
be, that through the various shocks private credit has
received during the last ten years, the directors, without
any condition for allowing interest, were always sure of
abundant deposits. No other banting company being at
that time permitted in London, the public had not the
resource of any place where deposits could at once be con-
sidered perfectly secure and where interest on them could
be obtained.
It is intended in the new bank to keep the deposit
accounts distinct from the current accounts of their
customers, and they are to remain for a fixed period,
otherwise the bank is not to be held to the condition of
paying interest at all. This differs, we believe, from the
practice of the country banks, where interest is allowed
on the floating balance of the current accounts, instead
of making them distinct, as now proposed. The new
method wilt probably attain the same end by a more
simple process.
Another novelty is the dispensing with the necessity of
keeping any balance at all, the parties having a current
account open entering into an agreement with the bank
to pay a small annual sum for management ; but it may be
doubted whether this will be acted on to any extent, as the
private bankers, though they prefer having large deposits,
do not stipulate for them with their customers, and no
current account can well be so arranged as not to have

some balance.
The private bankers are said to regard with some jea-
lousy the measure for allowing interest on deposits, but
still more is believed to exist in the Bank parlour, as the
first effect of it must be a diminution of the large sums
now in the custody of the Directors, for few persons whom
it may have suited to keep deposits in the Bink without
any interest at all will hesitate at removing them to a place
where they may obtain interest, and where the deposit
will be perfectly secure.
The rate proposed to be allowed on deposits is 2 per
cent. on sums under 1,0001., but for larger sums a special
agreement is to be entered into. It is not unlikely that
the competition of the private bankers will gradually draw
them into similar arrangements. Both the mercantile and
moneyed interests are i❑ the meantime awaiting with much
interest the result of an experiment which forms at present
one of the most important features of the Money-market.--
Times.

The Lords of the Treasury have issued au
order to the distributors of stamps, requiring that, after

the expiration of two years from the date of publication,
the files of all newspapers deposited with them shall be
transmitted to the British Museum ; and their Lordships,
at the same time, direct that particular attention shall be
paid to keeping the series complete. This regulation will
prove of immense importance to future antiquaries and
historians.
Letters from Genoa, dated December 10,
mention that Bourmont and five other noted Carliste had
arrived in the Gulf of Spezzia, and were there performing
quarantine. Their arrival, and the late concentration of
that party in Genoa, appear to have given rise to a supp-
sition that some new movement was meditated. At all
events they were looked upon with much suspicion.
THE NEW MONTHLY MAGAZINE.—SinCC
the exclusion of all party politics from this periodical, it
has become a greater favourite than eves, and several of
its former most celebrated contributors appear to have
returned with fresh vigour to its support; but, independ-
ently of its ancient friends, it has made several new and
important acquisitions; among whom our readers will be
' pleased to hear is the clever author of " Sayings and
Doings," who has never before, we believe, written in any
magazine, although his peculiar talents eminently qualify
him for that species of composition. He has contributed,
we understand, sub rosa, several pages to each of the
last three numbers, but we observe that, in the January
number, there is to appear a sketch avowedly from his
pen.
The prospect of a very large increase of the
circulation has put the spirit of speculation ag iin into
activity, and the Consul market, which his had a further
advance today, has undergone a material change in its
general appearance. As nothing is likely to present itself
immediately to check it, the impulse may continue for
some time, until the great leaders of the movement think
it proper to realize, and leave their followers to get out as
they can. The opposite party, who are losers by the
rise, and would gladly, therefore, hit upon some discou-
raging topic to check or prevent it, have contrived to raise
some slight distrust with respect to the tenor of the King
of the French's speech, to be delivered this day on the
opening of the Chambers, which, according to them, will
advert in strong terms to the encroachments of Russia in
the east of Europe ; but the subject has not occupied much
attention, nor has it, as it would appear, at all impeded
the advance. Consols for the account left off at 90 ; Ex-
chequer Bills at 435. to 455. premium.—Times.
LITERARY NOVELTIES.—The present month
has been marked, in the Literary World, by the produc-
tion of two more cheap Monthly Publicationss both of
which are undoubtedly deserving of the most ample sup-
port. The one is particularly addressed to the Army
and Navy, and is entitled " The Naval and Military
Library of Entertainment." It is to consist of a selec-
tion of the most popular modern works of fiction by
distinguished officers; and the entire series is to be
limited to twenty volumes. The first set consists of the
" Naval Officer," by Captain Marryat, R.N. The other
publication is a collection of the most celebrated modern
Irish National Tales, by Lady Morgan, Messrs. Banim,
Crowe, &cc ,to be completed in nineteen volumes. Both
publications are issued on the same plan as Colburn's
Modern Novelists ; each set being sold separately at only
45. per volume, bound in morocco cloth.
ANOTHER LAST DAY.—The 10th of No-
vember was the day appointed for collecting " the national
debt due to Mr. O'Connell." That day passed; and it
was affirmed that many who had been deprived of an op•
portunity of " doing their duty" on that occasion were
of Decemberdesirotisofrepwaairsinggivetnheouotm, omission. Accordingly,
cio/%; a
tsal a day of grace,
ccordingly, the Ist
went could be
received, inasmuch as the treasurer's accounts must be
but positively the last on which any instalment
forthwith audited. The first of December is gone; and
Irish eo they
still so insatiable of giving
must have another gale, andar e the
will take no ple, thaten dial. " The
collection," says the official Journal (the Morning Re-
gister), " is in course of effectuation in every parish in
day, vow year,
Ireland,
eciteihneyfiorfa c.l
ahya voef at
hd oe pnt
ee dw t
iednsoe gl%isioinuorapnledirtat.rsyi
ibctaouifoittneue:rs
p, eeietiro;enn.acr
le I
:Wrs
oe t
wsmheeal
fl
hfp-trdhoaebya,obi
idl
ty
would be anything but gene-
rous to reit= to indulge thepatheoaLvleelrrieijsath Correspondent of
the Morning Herald.

Dissenters of the different denominations
have, like all other classes of Englishmen, a
right to discuss the operation of the Church of
England, established as it is, and supported by
the State, upon their own interests as British
subjects. A Wesleyan Methodist on Friday
last declared for himself, and in the name of his
communion, a perfect satisfaction with the tole-
rance and mildness of the Established Church
towards all other Christian sects, and an equal
distrust of some of those who call themselves
Dissenters, were they to be so upheld by the
authority of the State, and invested with the
Same privileges. We partake the satisfaction,
and unfortunately the distrust. There is no ques-
tion that the grievances which in a peculiar man-
ner affect Dissenters—such as the state of the
registration, and of the marriage laws, and
their exclusion from the undergraduate course at
our Universities—ought to be, and will speedily
be, got rid of. There is as little doubt that those
abuses which exist in the body of the Church
itself, and which are so considered by the great
body of her members, will be brought under the
eye of Parliament, and will be subjected to such
remedies as shall be called for by the prevailing
sense of the people of England. Pluralities,
Deans, and Chapters, sinecures, underpaid cu-
racies and livings, overpaid bishoprics (the
monster Durham !) rectories more than episco-
pal, must be reached by a general and equitable
distribution and adjustment of all Church pro-
perty. Two of our correspondents in this day's
paper assume, with an edifying coolness, and an
utter disregard of all propositions which do not
square with their own views, that the denial of
any right in one man " to interfere with another's
creed" is in itself a refutation of the doctrine that
the State has a right to establish a particular church
in preference to any other. Upon this point we
differ from our Independent and Presbyterian cor-
respondents, on nearly what may be termed first
principles, and there is nothing to be resorted to
but the will of the majority for a settlement of
the dispute. The Independent may shut his
ears, if he think proper, of that maxim on which
all Christian States for fifteen centuries have
framed their civil polity, save and except the
republic of North America—a precarious, per-
haps ephemeral experiment, as well in political
as religious legislation, and not yet at least to be
pleaded as an example or authority for us to
follow. We, who are advocates of a Church
establishment, say that it is good for the general
cause of all morality, all religion, and all good
citizenship—that is, for whatever constitutes
the essence of political welfare and of human
happiness—to have religion, in some shape
or other, established by the law of the land ;
and the ministers set apart for the performance
of its duties maintained in such a station as
shall be respected by the laity,---that is to say,
so far above want as shall enable them, un-
obstructed by sordid and anxious care about the
means of daily sustenance, to acquire and store
up that wholesome knowledge out of which they
may religiously instruct and educate their flocks.
and as shall conduce to the formation of those
habits of disinterested kindness, and to the per-
formance of those deeds of Christian charity on
their part, which may procure for them an easy
access to the good will and affections of the
humblest classes of their parishioners. That
these objects have been but partially accom-
plished by the establishment of the Church of
England, as it at present operates, and by the
actual distribution of its funds, will be lamented
most by those most inclined to revere and
cherish its but that they are legitimate ends of
,an established church, and most precious
to the well-being of society, few men at
once benevolent and enlightened will be found
to question. Then, however, the debate arises,
what particular church shall be preferred
and established by the State ? The an-
swer comes of course,—" that of the majo-
rity" of the kingdom or empire, as the case may
be. In the United Kingdom, by far the most
numerous of all sects is that of the Protestant
Episcopal communion : and if the Episcopal
Protestant Church were not established by law,
we could have, it seems to us, no church
whatever; for it is the known profession of the
Independents, Baptists, &c., that they would
not suffer theirs to be established. It becomes
an alternative, therefore—the existing Church of
England or none, and Christianity itself might
in that case go a begging. There is, we ac-
knowledge, some outward plausibility in the talk
of meddling with a man's " religion ;" but in truth
the only question is, shall we secure a certain
amount of religious knowledge and example in
the country, or shall we leave both to the
chapter of accidents, to be decided pro or con.
by the popular caprice of the moment ? The
Church, in its temporal as well as spiritual
essence, must and will, therefore, be protected ;
but to maintain it at all in the present state of
national jealousy, inquiry, and knowledge, we
must begin by clearing it of all its tangible
impurities.— Times.

We are rather pleased than otherwise to see
that a morning contemporary has unfurled its
banner against the most arbitrary proceedings of
the Post-office, and especially with regard to
their conduct in preventing captains of ships
from forwarding foreign newspapers, &c., but by
the formal route of the mail bag, which often
causes a delay of many hours. That journal
has so long been the unflinching advocate of all
in office, under whatever class of Ministry may
happen to be in power, that we hail the scraping
down which that journal has given to the ma-
nagement of our Post-office department as likely
to be ominous of future benefit to the com-

rnunity. Setting aside the motives which have
prompted this departure from their usual strain
of Government adulation ; and, looking at the
mass of approaching events, we feel assured that
the ensuing Parliament will find sufficient mattar to
work upon ; indeed, we hope that the real busi-
ness of the State will appear so pressing, that
the coming Parliamentary session, like the last
will not be consumed in a wordy debate, scarcely
of a higher grade than the lengthy yarns of a
i
Kentuckan or South Carolinian orator, who
boasts of keeping the floor of the mighty Senate
at Washington for nearly a week in continuation.
The Post-office department is one of those
Augean stables that requires a cleansing, from
which any but a wan of business, acquainted
also with the wants of the community upon this
subject, will shrink ; moreover he ought to feel
as great an antipathy to unbounded nepotism as
ourselves. We therefore maintain that although
the Duke of Richmond was a gallant fellow il,
the field, he is unfit for the office of Postmaster.
General ; and too generous in his nature to
cope with the wedded errors of that short-
sighted department,. and the domineering influ-
ence of the back stairs' intrigue, which in many
instances, render that institution a blessing,
mingled with a fiscal curse to the corn-

munity, for which it professes to do so
much. We will not presume that the ori-
' ginal object of this institution, which might
be rendered of a most truly national cha-
racter, was purely for the public good, and that
it was never intended to be converted into a
fiscal source for increasing the revenue. Indeed,
when we calmly contemplate the contrast between
what that institution is to the public, and what it
might be, we feel ashamed at the niggardly policy
which actuates those who preside over that de-
partment. And, under these national emotions
—for be it understood in all things we write,
careless of those who may for the time being be
in power, only for the community at large,
and as the independent advocates of our
country's welfare either at home or in her
colonies—we boldly submit that it is disgraceful
that the clerks of the Post-office should be
allowed to traffic in newspapers, and to send the
manifold copied extracts at their will of foreign
newspapers round to the different journals. As
to the first part of the last paragraph, we mean
to say it is disgraceful that public officers of
any grade should, for want of due remuneration,
be permitted to sponge upon individual enter-
prise to eke out a necessary income. It gives
them a control that the paid servant of the
Government should never possess. With re-
gard to the second part of the above paragraph,
we maintain that it is contrary to the constitu-
tional spirit which protects the liberty of the
press to allow Government servants to deal
out exclusively garbled extracts from the fo-
reign papers on the arrival of every mail. The
Government, which by keeping the cobweb-like
and filthy errors that have from time been
handed down to us from our official predeces-
sors, and thus has become a part and parcel of
the attendant inconveniences of the public ser-
vice, deserves our reprobation. It must be
a strange anomaly which has forced a reform in
the Senate, and precludes that reform from the
inferior yet essential offices of the State. The
regulations which also apply to our internal
post-office department want amelioration ; those
which apply to the transmission of ship letters
are more important, since the interruptions to
which they have lately been subjected check
commercial operations, upon which vital ques-
tion the security of the people at large—nay,
the national revenue, depends. In the ensuing
session the post-office department must come
under discussion. We shall then most un-
flinchingly avail ourselves of the opportunity to
support the national interests in general, and,
amongst others, we shall not forget the Post-
office.—Morning Herald.

COURT OF KING'S BENCH, DEC. 23.

COURT OF BANKRUPTCY, DEC. 23.

(Before Mr. Commissioner EvaNs.)

MARSH, GRAHAM, STRACEY, AND FAUNTLEROY'S

BANKRUPTCY.

A meeting of the creditors under the commission
of bankruptcy issued against this banking firm, and
which, it will be remembered, suspended payments
some years since, in consequence of the extensive
forgeries upon the Bank of England by the late
Mr. Fauntleroy, was held to-day for the proof of
debts and the declaration of a dividend on the joint
estate.

TILE NEW BANKRUPTCY LAW,-OFFICIAL ASSIGNEES,

very commonly committed by a gang of knaves residing
here on the shopkeepers in London, with a view, if pos
sible, to check it. The Co., as they are styled by my
townsmen, support themselves and their families by ob-
taining from London shop goods of every description, not
emitting fish, flesh, and fowl, which, as soon as received
are sold at a reduced rate or pawned, and they are such
adepts as to render it difficult to bring them within any
law for the prevention of fraud. Having remembered
the custom of some, particularly tailors and shoemakers,
of adding their own address, but for what reason I know
not, I feel satisfied if generally adopted it would very much
assist to stop this nefarious manner of living. As regards
this town it is determined to render every assistance to
parties doing this, by informing them in all glaring cases
before it is too late to recover their goods. Perhaps your
Lordship will be good enough to give publicity to this at
one of your official meetings. Three instances have come
to my knowledge of shawls and silk cloaks for ladies to a
very considerable amount being received within the last
week ; and while writing the above the enclosed letter
has been put into my hands.
" I have the honour to be my Lord,
" Your Lordship's obedient servant,
" WM. EVERARD, Mayor."
" To the Mayor of Lynn.
" London, 65, St. James's-street, Dec. 4, 1833.