The Sun.
London, England, 1867-05-02 00:00:00

PROMISSORY NOTES (IRELAND) BILL:

Mr. M'KENNA moved the second reading of this bill,
which, he said, would effect a great and substantial im-
provement in the law. What he proposed was, that any
bank should be able to issue notes in any part of Ireland,
payable at its head office or depots, provided that bank was
under the Bth and 9th Victoria, chap 59, issuing notes
against specie. There ware 150 to 200 places in
Ireland where, under the Scotch system, banks might
exist. The present law, he assorted, acted as
a premium to Irish bankers to lend their money out of
Ireland, from the amount of gold which they had to keep
in hand as a counterpoise. Besides that they had to pay
a circulation duty. This however was not a bankers' ques-
tion, but was brought forward in the interest of the Irish
people generally. The issue of bank notes was at present
contined to six banks, but he wished that greater facilities
should be given for banking transactions.
Colonel FRENCllopposed the bill asit would materially
diminish the security of the public, and moved that it be
read a second time that day months. He saw no reason
why they should alter the law of England.
Mr. F'uLLARD-UINULIART hoped the bill would
meet with a favourable reception.
Mr. GOSMIEN objected to the bill, which he said would
grant a monopoly to the banks of issue, but would be of no
practical use to the public. A question like this, which
dealt with the currency laws, ought to be dealt with by
the G.lvernment, and not by private members.

After some discussion,
/dr. S. CAVE said the •hon. member for Youg-hal (Mr.
Al'lcenua) stated that this bill assimilated the law with
that of Scotland, but he (Mr. Cave) thought they should
deal with the question ou its merits. The hon. member
wished that notes might be issued at branches, but pay-
able only at the depots at'which gold was deposited. This
proposal would give the holder of notes in the town a
great advantage over the holder of notes in the country in
the case of a run, because the former could immediately
go to the bank at which the ,gold was deposited and cash
his notes. The currency laws ought not to be tampered
with by private members,
especially when
was to lessen the capital of the bank. The question should
only be dealt with by a comprehensive measure, and there-
the tendency
fore he thought the house ought to hesitate before adopting
this bill.

The house divided—
For the second rending ........••

Against ..................................
Maj0rity.............................. —24
The other orders of the day were disposed of, and the
Also adjourned.

PRUSSIA.

(REU TER'S TELEGRAM.)
BERLIN, May 1.

At the sitting of the Chamber of Deputies this
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morning, Count von Bismarck brought in the
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Constitutionovedo of the
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be taken into final consideration,
and that a reporter
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should be appointed.

The motion was carried by a large majority, and
Herr Twesten was nominated reporter.

FEAREtt PRECIPITATION FROM THE ADELPHI-
TERRACE.—Last evening Mr. S. F. Langham, deputy-
coroner for Westminster, held an inquest at Charing-cross
hospital, relative to the death of Mrs. Eliza Mandrel],
27 years of age, who died from injuries received by self-
precipitation inn). the Adelphi-terrace, near the Dark
Arches. The jury returned a verdict—" That deceased
destroyed her life by throwing herself from the Ade
terrace whilatin a State of temporary insanity."