The Sun.
London, England, 1804-05-24 00:00:00

c+ ;C.

cessive issue, or any other circnmtance niretaing
the credit of the: Bank that issues them do nett
think-it can for internal perpnies, but. for externalpurposes, to assist .to pay off a disadvOntaeou's ba.
lance of trade,. I think such extra premium beyond
depreciation of currency :may be given. •
.",
What premitun have -you known at any time
given in, England for guineas ?--z-} per tent. ;
never knew of higher.
Could 'guineas in any considerable quantity be
procured in London now- at a premium of 21 per
cent.- do not think there could.

tanteg. to the Bank of ,England, passcd, over at this
exchange, and continued to do so, so long as the ex_
change of.6Bank ofllreland.Notes continued 'at the
Bank of England ; and this principle Was. supported
throughout the whole of the loans of that Adminis-
tration, and even a loan for the service of Ireland.
-taken by an Irish house here in that AdMinistration
(-t800) was taken in at the Bank of England, at the--
same rate of exchange, to the extent of about
zoo,oool. and that about 900,0091. was passed at
the same rate in Dublin, under an expelation that
when the interest of that loan came to be remitted
back, Government would -take case that it 'should
be done on equal terms of exchange.
.In the next
Administration (tBor.) similar applications were
made to Mr. 'Addington to take in his loans for
land at the _Bank of England; *at the same rate'of
exchange; which were refused, as the profits of ex-,
change were thought deserving the attention of Go_
vernment, and. since that time no assistance has
been afforded to the currency of Ireland, or to the
rate of exchange, by the transmission of loans, more
than their intrinsic weight carried with them.
Explain 'the words last made use of, " that the
profits of exchange were thought
,deserving the at..
tension of Government,!' and on what coinmunica:...
tion from Gnvernment that assertion is grounded ?
I mean that they were remitted over on a more
vaniageons footing to Government in one way;
than the other ; and that this was cAnmunicated to
us.in one of our Meetings non This occasion, with
Mr. Addington, or Mr. Corry, I don't reccilled
which.

-4 X CH;iNG E WITH 'IRELAND,

EXTRACT
FROM MINUTES OV EVIDENCE

. .
'Taken before the Committee appointed to inquire into the
State of I reland, as to its Circulating taper its Specie and
;Current> Coin; and the h xchatige between that part of the
United Kingdom and Great Britain. . '
The Right Hon. JOHN FOST ER , „in the Chair. ,
(Coniauid ji.om cur Paper of l'esterelgy.)

WALTFR BORROWES, EXAMINATION, CON-

Do you conceive that when guineas were obtained
in. Lorkfon at 'a ptemiunt of 21 per cent, that the
paper of ,the Bank o( England was depreciated to
that amount think it \vas.

TINGED.

Supposing the Bank of Ireland to enlarge its capi-
tal materkally, and to . invest such enlarged part of
its capital in the Stock of the Bank of England; in
the same manner as is done by some of the charr;!rect.
Bulks in Scotland, would not such property- in Bank
Of England Stock give to them all the same credit
which they could require by consolidation with the
Bank of England ?—lt would to the-extent of the
investment.

Supposing 4*merchant in London, obliged to make
a particular paythent in guinea's, found it necessary
to give• a . higher premium,for guineas, would you
deem that premium a proof and measure of the de-
preciation of. English Bank_ Notes would,, to
to the extent of such payment.
Have you ript,reason to know that eirery. Linen
Merchant in the NOrthern Countries in Ireland, and
nearly all persons having payments to make within
the same limits, are obliged to'procure guineas at
whatever premium it is necessary to give to obtain
the .same; in -order to transact their business 1-4
have. understoodsoe

How does-your opinion'of the advantageto be de_
rived to the credit of the Irish Paper, by a conso-
lidation with the Bank of England, consist with
your observation, that nobody doubts of the pre-
sent credit and sufficiency cf the Bank of Ireland ?
I never meant to arraign the credit of the Bank of
Ireland ; but I-did conceive, that from a local situa-
tion she must meet the effects of the contest with
Fiance before this. Country does, and My.remarks
went to that point, and not to any insufficiency of
the. Bank of Ireland.'
Have you not meant to represent the depreciation
of Irish Paper as resulting from.a want of confidence
in it, and not froin an excess in its quantity ?—I
have represented it as a want of confidence. in the
Bank, arising solely from the political causes above
mentioned,- and not from any insufficiency in the
Bank.

Would this premium be diminished, by the Bank
of Ireland diminishing its issues of paper #—l do
not think it would.

Explain, if this premium is not occasioned by
the issues of the Bank of_ Ireland, why you con_
sider_the premium so given as a.proof of the depre-
ciation of their paper ?—I consider their paper to
suffer depredation in common 'With all other pro_
perry in the Country, and not influenced by the
qoantity, within what may be deemed a fair propor-.
tion for the gold in the Country.
100 you conceive that the danger of Ireland has
been greater during the last year than it was in
1798 ?—I do.not,
If the prOperty genorally in Ireland,' including
Bank Paper, has. beer; depreciated in consequence
of the danger of the. Country; hqw conies the
depreciation to .'be greater now . than ,when 'the
Country .was in greater danger ?—The support,
given to the Currency of, Ireland. ip 1798 by tht,
English' Administration at 'that time, was such
as to render it impossible that there should he
any depreciation ; the Loan of 1797 of 1,,500,0001.
was remitted to Ireland in that year, and' the fol-
loWing, in Bank of -England Notes, • which were
exchanged there for Bank of Ireland Notes at the.
course then going, which was at or under 6 per
cent. •the loan exceeding in point of amount the
whole issues of the Bank of Ireland at that time,
was a, curnpiete cover to it, and by the facility
which-was experienced of exchanging. Bank of, L-0..
land Notes in the first instance for Bank of Eng..
land Notes, and ultitnitely for'guineas, rendered
the Bank.of Irdand Notes to be on a par with gui-
neas, and made it impossible for the RObellion, or
any other disastrous circumstances, to make any
depreciatinn on the currency of Ireland."
Have any circumstances lately occurred, which
have tended to prevent the introdudion of gold pbt_
chased in .the markets of Europe from being brought
into Ireland in the shape of coin, in the ordinary
manner, and at the accustomed. expence ?—There
have.

Whether .such communication, if any such was-
made., was unaccompanied 'with any other reason
for not complying with the proposal of the .mer-
chants ?—I do not recoiled there was any other'
reason. given.
• Explain the words " that since that time. no as-
sistance has been afforded to the 'currency of Ire-
land, or to, the rate of exchange,' by the transmis:.
sionpf loans, more than their intrinsic weight car_-
tied with them."=4 mean that Government, .since
that'time have not fixed any low rate of exchange to'
catty over their loans.
What was. the rate of exchange before the rhea-
sure was adopted in ;Soo, of taking Irish Notes at
the Bank of England ?—The highest rate I recoiled
is
If there was a difference of 44 per cent. or any
other difference between.the real exchange and the
91, at which the Irish, Notes wept taken at the
Bank of England, where did the loss-fall,. so far as
respells the,.-tfinnunt Government was concetneci. in ? •
—I suppose 'the loss fell in the first instance upon
the Irish Government, by-having a less sum, to
bring to the credit of the Loan account, but that
loss afterwards was recovered' by the improvement
made upon the currency of Ireland,• which was ex-
:icily in proportion wi:h the, redudion of tl‘.e ex.
change, or the loss in the first:instance.
In the transadtion•thentioned,Pf sending in 1797
Bank of England Notes to the•arhount of z,soci,ocol,
by which the exchange was reduced, was. there
not a loss to the amount of the . redudion, and
Where did' it fall ?=-There was "a loss in • the
'first. instance to Government, by having .a, less
sum to bring to the credit of the loan, bin this loss
was recovered by the improvement made upon the
currency of which made the Bank of Ire-
land Notes in their hands, so much more valuable,
and in the next year, .during the difficult trial,pf,
rebellion, almost. at the gates of Dublin,- prevented
the •small,t..it depression upon the. Bank. of Ireland
Notes, and kept them 'at par with specie, even'after
the restridion' was laid on the Bank.

DJ you not conceive., that in common inter-
course, as operating on public confidence, a gua-
rantee.of the Bank of Ireland by Government Would
hive greater effed than any investment of property
in the Funds, either British or Irish, even though
such guarantee were for the same limited sum as
the investment 1-1 do not think it woull; unless
that them the use of their capital
in addition t; their guarantee. •
Y.tu ave ,tated the depreciation-in value-of the
Irish Back Notes to arise from an opinion enter-
tained the insecurity of the establishment under
the par sicular circumstances of the Country ; does it
not that as the B:tnk increases or diminishes
its issue,, the deprtcidit .n will vary in a certain
degree,?--I think not, because it is not a .depreci-
ationpectniar to this species of property, tiur A caches
to every species of permanent property in the Coun-
try, such as !ar.l. and houses, which are in their pa-
cure immuy ; an,' which trus, share the danger
to which the. C,,ur••:y may be
,exposed, vvitieli does
not inclmdb transient perishable property, such as
articles of- couirnerce and manufadure, which are
moveable,.and :herefore little exposed to any evil
%Chid) may ti.reaten the C-aintry, and thcrt:fore keep
Blair value, ;le the Bank Notes and immove.

al?ic jirOt -rty sink.
Sub r-o , the Ins:i to have confined its
t, invebted in Irish Stock, whether
c e Public in the ultimate securi-
ty f iis,se w,rcitl not be greater than at pre-
sent, wl,rn its issuea.dte nearly thrceffold greater
than tlt.sum ?—No doubt it would.

State the reasons.—l think that the restraint on
the payment of gold at the Bank of England,
.and
the .tendency to hoard money in this Country, pre.
vents it coming from .Great Britain, and that the
state of exchange between Great Britain and the
Continent, which is unfavourahle in a small de-
gree to Great Britain, prevents its coming from
the Continent.

Do ,you concLlv;f: that it would he impossible
to cArry tin the ,;Nlerai traffic of the Country when
tlys: 1-:;,eciiuni of god has been withclriiwn, if the
Bii,k:.! Irehinci were restriled from exceeding,the
atnount ot. their capital in their issues of paper, espe-
cialey when the private Bankers are bound to dis.
4.11%.1ge ,their notes in Bank of Ireland Paper
think it would b impossible.
Whether, acck,rding to the opinion before stated,
you, do not consider thatsthe Bank Capital; invested
in the Irish Funds, would be invested' in your view
of the subjed en a security,out,of the Country 1—
It would.

In your opinion, was nut the loss sustained -by
Government,,in consequence of these operations,'
amply compensated by advantages, to Ireland
It Was, inasmuch as the sacrifice made in the ex-
change was precisely the measute of advantage in
the improvement of the currency•of Bank of Iteland.
Notes.

• Did you ever know at any time, Of there being a
bullion market in Ireland ?—I never- heard there
was, but am not qualified to speak with certainty.
Ate all the-foreign exchanges of Ireland transaa-
ed through London i—They are.
Is there.any cairtage in Ireland ?—I never heard
of any.

In what manner did it benefit Ireland con-
sider exchange to be the measure of value of one
currency compared with another, and that by re-
ducing the exchange you approximate invalue those
currencies, and reduce depreciation.

Wheo yoo say the depreciation of the Irish Cur-
reucy would be removed by consolidating the Banks
of Eiigland and Ireland, do you mean that the cur-
rent paper of Ireland could be made to bear the. same'
value. as. gold ?—I do not ; I mean .that it should be
raised to a pr with-English Paper.
Would not the xaange with England in that
case .he rectified ?-1
,think it would; if you per-
mitted the exchange .to take pkce at the Bank of
England at 8
,t-third per cent. and vice ~~erta.
.Yott have stated that the guine•as-in.ireland, as
ivell those in circulation as those concealed; bear in
'your judgment nearly their usual proportion to the
ciretilatigme;dium of the Country,' ; do you conceive
the quantity of gold in circulation, as contra-dis.
linguished- froM that which is concealed, is equal
in amount to what it was before the restriction on
not think it- is:

If the most . manufaauring distrias of 'England,
to the extent of the fourth of the Kingdom, would
take nothing.but gold in payment at this period,
what effea do you think it would produce "n the
demand 'for gold in other parts of 'the Island,
and what augmentation of the premium given for
it in exchange for Paper ?—I- think by increasing
the demand for gold, it would increase the premium,
and consequently a-depreciation of paper just in the
proportion and extent that the dem4rid. went, sup-
posing the-restraint to exist 6n the Bank.
What i 3 the value of Bank Stock now in Ireland
and in England ?—The last price which rhcard for
Bank of Ireland. Stock_ in Dublin was. 14.54, _and
the last for Bank Of Rigland Stock was 156. The
Irish Dividends 71, and the English 7.
Do you know what was - the exchange between
England and Ireland in 1890?—rok to 12 per cent.
was the exchange here upon Dublin. , -
Do you know that•any great and material incon.:
venience _followed that -exercise of Government
which affeCled the. exchange in the year I Soo, by.
taking Irish Bank Notes at 92?—It was in. -;799,-
there was a tendency in the exchange to rise equi-
valent to. the depreciation of the Bank of Ireland
.Notes, -which induced the, merchants in the Irish
tratle in Lor,lon.to meet, and afterwards to wait on
the Chancellor of the Exchequer (Mr. Pitt), to re.:
present to -him the-difficulties whidi were _growing
in the commercial intercourse-betweem Great Britain
and Ireland, in consequence of the high exchange,
and to er.;reat that some measure'should. be adopted
to lessen it, if not remove it allogetlig. • Mr.
Pitt, in consequence, agreed that *ip.4-nstalment
•
on the loan then depending,.,. wilcis...llol, been,
raised in Great. Britain for the servliceir og,Tre-:
land, should be. received at the Bank; -
in Bank of Ireland Notes at the excharig.9l-,
per cent. which had the effeel of lowering the, then
exchange, very considerably,. and proportionably'
taking. off
,the devreciarion on the Bank Notes of;
Ireland,
.and the ex'change Dirblin
diattly reduced tolhat rate, ot,:nearly so, and.4r-
the.rernittances.ourof Ireland, whether for payment
o; imports, or of rents to.,absenteer, or for remit- '

( tie continued.)

.We have already made mention of an atrocious
murder committed near Scarborough, in the night
between the i Ith and tzth inStant, on the body of
Miss 13ELk, a fine young woman, about sixteen-years
of age, eldest daughter of a contedioner of Scarbj-
rough. The following detail of the circumstances
is given by a person upOn the spot :—On the after, -
noon preceding the murder, Miss BELL was accosted
in the street by a private in the. York Volunteers
(with whom she had some previous acquaintance),
who pressed. her, Jo take.a walk with him in the
evening : about nine o'clock she left her father's
house, and •to avoid the notice of the lousily, went
out at a back door, through a neighbour's house,
who, witen apprized of her intention, attempted-to
.dissuade her from it, by assuriog her that her• pre-
tended lover'wos a married man. She' discredited
this information, .and joined•him in the street she
~was-soon missed by the. family, who extended their
search through` the town during the whole of :trio
night, ()tit without suCcess.—About eleven o'clock
in the morning, information was received that'a fe-
male was found dead on'Cay ton Sands, about two •
miles and a half from ScarbOtough, laying about two
yards within the high Water mark,
.her head towards
the sea, and in a position-which left no doubt of the
most brutal attempt having been made upon her
chastity. • Many shocking bruises appeared on va-
rious parts of her body. A great number of feet_
marks were discerned upon the sands near the body,
.but which di&not extend either way along the beach. •
Upon the opening of the body, the surgeons were de.,
cidedly of opinion that Miss Bell's death was .occa.
sioned lay strangulation, a large quantity of clotted
blood being found in her•throat. The person who
was last seen with her was dressed in an uniform.
AThere• is a strong presumption that he was not a
resident of Scarborough, from the circumstance of his
being ignorant of the height of the tide at high wa-
ter, as. there was no doubt but the murderer in. I
tended; the body to be washed-away by the flowing of

Do you conceive that the kcal demand for
neas it diminished in the same proportion t-1 do'

What dO you conceive must be the effeas of a
demand for guineas continuing, when the quantity
in circulation is Comparatively diminished froin
various causes I.—l think the. increase of the de.
mind must arise, from increasing difficulties to Ire-
ial-rd ; thiit, a.gteater premiutu must be given in Pro-
yi3rtion- to the demand.
'What -is the cause of guineas being .found in
greater abundance in circulation in the Nor-th-of Ire.
.lind, than'in any other part of the United' king:.
,
"slottßccat],e they never would submit to receive
'a popt-,Y rheditim (If 'circulation, and have insist:l Orb
-guineas, An'w`'.!..V.er 'disadvantagedusiy ,procured, by,
tilaiq mein the atnitupt of the premium given. for
itiem. •''' . ::„...,
It thf.Berritdcp4aPtor gnineas in the North a
lit:LA(l, 4.i.:r4ii-c,vp...7.s.cii carrying and keeping them
,ver ,•• .
there, do 1. ets such prernitim as any neces-
s,iry pronflf 'fitstire bf -a depreciation of Bank
-A'Ai-ei ?—I do, bacaute the depreciation is' precisely
t e price bt dieloirCivse of those guineas. -,
--. 'May riot -5u4211-a premium on guineas exist more
particulattY wihen the Bank is prevented issuing
Luineat,or in times of alarm, independent of Islay
-tided of value' in Bat k Notes, as arising from ex-

LONDON: Printed by BUCHANAN WWI-I-AN; (of Bow-Street, Covent-Garden); and 1)""—_'"?"` urWIL:.I-Ata ARMICZR SCRIPPS; (of South Multon:,srret, Grosvenor square);
At the StIN.OFEICE, No. ru 1
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,( 1
PRICE OF . ; ,
STOCKS.
_ . YESTERDAY. gi, fte
Bank Stock, 153 152 i.
Navy 5 per tit. 924 43 gz " . ,
_., ,
-3 S per 4 ear. 1.79-,95-8c 4-4 -s- 3- Rank Ditto
India Stock 172* iy.
Irish 5 per Cent: •Orriniulb 41 3i 4 Pr' Of
4 per Cent. 72 i 72 -,1
, ~ Cons.for 71 5 •
' per Cent. Red. ss isi 55 ~,,- July, s 4
I nTerial 3 per Cent. -546 it
3 per Ct COIL shut Is.ohno.grtAAnntin.'.l6 7.1v,5.:.f...,:_..,,,,,,

00.

To THOMAS TAYLOR, 'Esq.
No. 9, New.Bridge-Street; London.
Honoured. ir, - Edinburgh, March IS, 51'1-;fte
BEG lea-ye tO. itlforin you, that ever* sin,cyeens
T,.
year 179 o; f' haVe been affliaed with_ the Lhe-tirse ;'),
tea ; which, frotn its obstinately -resisting every c°,01,,,
Medicine' preseribed •by the most eminent of theii,,,iti,chi,
nere, and undergoing several severe courses of ,71, rdpie
and twice•discharged from the Hospital, with lit' Ih• 35
Would appear to be of the most inveterate naturc• wild,
~ef
spring of last year-my disorder had got to such 3.,.,/e 1,1,',.-§5
nearly to put a period to my existencel had a I,"t'foi`
on the Crown of 'my head, one on each arm, art u • (101,1
were broke out in a frightful manner ; . my right c'f"' for (q..
fully ptiniful, and had been in a stmt.. of tiicerati°'l . o'p't
last seven years; my left had also ,two large irOtt,r-crotio
was very much discoloured, and gave .me such '1,,.: to 61.
ingpain, particularly When warm in bed, as near. irecoo ,
rrive me of rest ; in this lamentable state, I "/".•:, etc``',„
Mended by Mr. J. Thompson., (who 'received . t vil, ;
cure by.-them here), to' take your •Leake's Pattll',c cotitl-rcd
'which I began •to do on the '26th of May ;••
e. i" littl•=lli°de
of a fortnight, I began. "to receive bene..t—in :arts, tv 1
than . a month-, the ulcers on My lie2d And 3„1,, liCaLie:
soundly healed--soon after,. the sores on.:•rhY 1c671.01 t,... I
also ; leaving, however,...‘onstueral..ile discOloitratiot'it6 ”lez,
skin, and pain in the bone of the lett, which, .13Y tir 0,0-0
sing of God, and a little longer. perscveram . the ~„ „i•
luatle. Mediciri, subsideS; the nodes dispes'.adoar,',
regaining its natural, hue, and the nocturnal lia!".S',.trld rw.:} . .
, „„viL
,':,,i`i),e7i,
en er°,,
911,11:zi- .d..,..:,?%:,5,y rbticre:itne.rre,:msb;i'r }allit:lau-alrlyii,\liilitii)be,otr,riiervi:l;girc::.:,ac:btalaiiiinninteld:;etialaca:i
iinro;l3l/510,,,ei
cn°loiliii(et I inc:ltlo*t the at.itto'liiiins li nwi.ehilict which state
ail
a lossin what terms to express my gratitu,e,
a, _ tOO,Ol, ~,
for:the good- of ett•her sntlering mortals, to In_Keo.,o-6Jy.
case as public: as possible, as I shall on everY„ ,'-i.Aeir',.
in so drimg, you Will greatly- oblig.e, ,sic, Yhg`,ll2f r`
obedient, very humble, servant,"
Swan's- Close, High,sti•eet, Edinburgli.• • - • • •
Inri:4 TuomrsoN,„ No. 3, New l'ociltry NI at.
jkey.
,:r,
rg • . •
10 atr WI tiTOSVilriii'neosl:A' st4setiltliejyb°4:(;lb:7;:linb' -11
T Igi de3ohilt I '.:.;, sPa:r' at ..1.1.).1. i4lYSl:eLtdul °Rare,'
;;laier4r:„ianftear
ta)rac,citiiicsetanptarrtecs.l,Zlic3e,
Solde,Nrnib.e.i29ol,
.f...-N1 1 the klici or liy4).:Sel:Csr itberieettg: c.±:,l:o:f:nt ;Sti_olisilf_i;
his• protssion .sho,ild always observe in stu.l..atitit?L 1,1 . • - C-N.; ;In' ett rr'at'3il.9' 1,-) nclv•iitila.ri nttlisi ataY li anti
:i.;g,l7ilS CI) I ijls't:l;‘redecr je.-Irite:ecrt 4:yl, tt:::;' -Int::::C11171:'e.: Icl
risI)::;t11:::Iii
' -
•
- eall.:ltmtefeciiarx:iest:iel,;i7toira'_
,e,6
• dont dttainable And void of all anfoiguity,.
_„lyeniert c:/r.
Also wild, by - his appointment, tot' the,c(A_p_3s,•%.
it:llleliesr!iiiiiiettil kaill'l'tgli lassistance.csasNl:iaill ceaidlglte'li willtse °C.
. those living at a distance, at the Terfutner
_Ar". 1,03,
..t.,14
Alban's-street, Pall-IVlall 1 the Toyshop,,,.N,°.treet:Pvl.ler,
ford:street ; Mr. I)isborongh's, No, 7i• PI i!irtve, 10;13,,,, ,
Mr. Steells, Bookseller, No. t, •,prnon-row, ‘;',_ _ ,liir••l' „pc
hill • Mr. BatcreV's, Sou th-bridqe, Edinbu.l.gh.',„gl q /re'
donald,' Glasgow ;
person in every considerable town in Great
ie
.._..) ~./it
_.31
land, in Boxes of only- ••.is. 9a. ea,..1., - sea.. O vi
* either
.sc• i"1,
persons o• - . tety • ,it
Mr. Calhvell's, DliAltaltlan,i op
anti pkiin direttions; Wi-i,C.Teby pe.rs
,e , ._-d sa 0
cure.themselves.
a;• NSialmi‘pE,favour or tn...,.
,o_ .N 0... F ille
.4 . yi:6ll;nYyi
ir'and jil °
printed, - at dia.:Stamp-Office —,
vo,enry.
which,Box tso lcd:yitei 'Gsrilee actdf3;ie ;ir,n':tc: :biirol eti sts-jueoPh 11 e
r.'i
are. Liiiinterteirs. • , • -
Bridge-street,"--, to imitate which is , ,

`-.~-~~i