The Sun.
London, England, 1832-10-03 00:00:00

CONTRACT FOR BEES' WAX.

DEPARTMENT OF THE STOREKEEPER-GENERAL OF THE
NAVY, SOMERSET PLACE, SEPT. 29, 1832.
THE, COMMISSIONERS for executing
the Office of Lord High Admiral of the United King-
dom of Great Britain and Ireland, do hereby give No►ice,
that on THURSDAY, the 18th of October next, at One
o'clock, they will be ready to treat with such persons as
may he willing to Contract for supplying his Majesty's
several Dock-yards with ENGLISH BEES' WAX.
A sample of the Wax and a form of the tender may be
seen at the said office. No tender will be received after
One o'clock on the day of treaty, nor any noticed unless
the party attends, or an Agent for him duly authorized in
writing.
Every tender must be delivered at the above office, and
be accompanied by a letter addressed to the Secretary of
the Admiralty, at Somerset-place, and signed by a re-
sponsible person, engaging to become bound with the person
tendering, in the stun of 400/. for the due performance of
the contract.

GENERAL STEAM NAVIGATION COMPANY'S
OFFICE,
No. 69, Lombard-street, October 2, 1832.
THE GENERAL STEAM NAVIGA-
TION COMPANY'S PACKETS leave LONDON

For HAMBURG, with his Majesty's Mail, every Tuesday
night, or early on Wednesday morning; and every Friday
night, or early on Saturday morning.
For ROTTERDAM, with his Majesty's Mail, every Wednes.
day and Saturday morning, at Seven o'Clock precisely.
For OSTEND, every Saturday Morning.
For CALMS, every Wednesday, Saturday, and Sunday Morn-
ing.
For BOULOGNE, every Thursday Morning.
For RAMSGATE, every Morning at Half.past Nine o'Clock.
For MARGATE, every Morning at Nine o'Clock.
And one of their Packets leaves BRIGHTON for DIEPPE every
Wednesday and Saturday Morning.
For Berths in the London Steam Packets, apply at this
Office ; and for the Dieppe Packets, to Mr. Black, Agent,
at Brighton.
For Freight apply to John Norman, 1, Water-lane,
Tower-street.

CHARLES BESSELL, Secretary.

FOR EDINBURGH.

THE Splendid New STEAM-SHIPS, the
ROYAL ADELAIDE, Captain MILL, and
ROYAL WILLIAM, Captain CH APLIN, each 200 -horse
Power, will start from St. Katharine Dock Steam-wharf,
near the Tower, as follow

ROYAL WILLIAM, on Saturday Evening, Oct. 6, at Ten.
ROYAL A DEI.A IDE, on Wednesday Evening, Oct. 10, atTen.
ROYAL WILLIAM, on Wednesday Evening, Oct. 1:, at Ten.
ROYAL ADELAIDE, on Saturday Evening, Oct 20,at Ten.
These Vessels will be found of the very first class in
point of speed and accommodations, and are the only ones
that afford to passengers the advantage of embarking at
the commodious Steam-wharf, London, and landing in
the Harbour at Leith. Horses and carriages can thus
be shipped and landed with the greatest ease and safety.
Fares, including provisions, Chief Cabin, 41. 4s. ; Second
Cabin, 21. 10s. The accommodations in the Second Ca-
bins are very superior, with separate apartments for females.
Information obtained, berths secured, and goods re-
ceived for shipment, at Leith and Glasgow Wharf. Also,
by T. Robertson, 164, Strand ; H. Underwood, 56,
Haymarket ; M. Sanderson, Boar and Castle Ina, Ox-
ford-street ; Mr. Slarke, Old White Horse Cellar, Pie-
; and Mr. Gilbert, Blossoms Inn, Lawrence-
lane, Cheapside, where light goods are received, and for-
warded to the Wharf till Five o'clock on the days of
starting. JOSEPH ADAMS, Agent,
Leith and Glasgow Wharf.
A Spacious Sail Loft to Let.

This day was published, in 2 vols. Bye. with numerous
Plates and Vignettes.
WILD SPORTS OF THE WEST.
By the Author of " Stories of Waterloo."
Richard Bentley, New Burlington-street.
(Late Colburn and Bentley.)

Just ready, in 3 vols. post Svo.
THE B U C C A N E E R.
By Mrs. S. C. HALL,

Author of " Sketches of Irish Character," &c.
Richard Bentley, New Burlington street.
(Late Colburn and Bentley).

Just ready, in 2 vols. post Bvo.
THE EAST INDIA SKETCH-BOOK.
By A LADY.
Richard Bentley, New Burlington-street.
(Late Culburn and Bentley.)

NEW WORK by the AUTHOR of " HAJJI BABA."
This day was published, in 3 vole. post Bvo.
ZOHRAB, THE HOSTAGE.
By the Author of " Hajji Baba."
Richard Bentley, New Burlington-street.
(Late Colburn and Bentley.)

Just ready, in 2 vols. Svo. with fine Portrait, Maps, &c.
LIFE of SIR DAVID BAIRD, G.C.B.
Including his Correspondence with the most ce-
lebrated Military Characters of the day.
Richard Bentley, New Burlington-street.
(Late Colburn and Bentley.)

NEW WORK by the AUTHOR of " THE SPY," &c.
This dsy W 313 published, in 3 volg. post Bvo.
THE HEIDENMAUER,
Or, The HEATHEN'S WALL.

By J. F. COOPER,
Author of " The Spy," " The Pilot," &c.
THE ALHANIBRA, Or, NEW SKETCK-BOOK.

By WASHINGTON IRVING.
Second Edition, 2 vols. post Bvo. 16s.
FORTUNE-HUNTING.
A Tale of Modern Life.
By the Author of " First Love." 3 vols.
THE HIGHLAND SMUGGLERS.
By J. B. FRASER, Esq.
Author of the " Kuzzilbash." 3 vols.
HENRY MA STERTON;

Or, THE YOUNG CAVALIER.
By the Author of " Darnley," " Richelieu," &c. 3 vols.

LEGENDS OF THE RHINE
AND LOW COUNTRIES.
By the Author of " High-ways and By-ways," &c. 3 vols.
TALES OF THE EARLY AGES.
ny the Author of " Brambletye House," "Zillah," &c.
Published for Henry Colburn by R. Bentley, New Bur-
lington-street.

MINERAL SUCCEDANEUM FOR FILLING DE.
CAYED TEETH, without Heat or Pressure, and IN-
CORRODIBLE ARTIFICIAL TEETH, without
Wires or other Ligatures.
MONSIEUR AIALLAN and SONS, Sur-
geon-Dentists, No. 32, GREAT RUSSELL-
STREET, BLOOMSBURY, and 9, HALF-MOON-
STREET, PICCADILLY, grateful for the high and
extensive patronage which has so eminently distinguished
their professional exertions since their arrival in the British
Metropolis, respectfully announce to their Friends and the
Public in general, that they still continue to restore DE-
CAYED TEETH, with their celebrated MINERAL
SUCCEDANEUM, so universally recommended by the
Faculty of London and Paris. The operation of Filling
Teeth is performed in a few seconds, without the slightest
Pain, heat, or pressure. They also FASTEN LOOSE
TEETH, in a manner singularly efficacious, and SUPPLY
WHOLE or PARTIAL SETS of TEETH formed of the
above INCORRODIBLE MINERAL, or of Natural Sub-
stances, without WIRE or other LlGATURES—guaran-
teed to answer every purpose for Articulating and Masti-
"ting---Charges as in Paris.
The Faculty are respectfully invited to witness the suc-
cvlf;ul result of the Mineral Suceedaneum.
shorin. One of the above firm may be consulted for a
Nev period on Mondays and Thursdays, at No. 89,
No. 11, .8; Birmingham, and the intermediate days, at
th.strest, Leamington Spa.
FOR CHILDREN CUTTING THEIR TEETH.
ItS• JOHNSON'S AMERICAN
SOOTHING SYRUP. This infallible remedy has
preserved hundreds of Children, when thought past re-
covery, from Convulsions arising from painful d. ntition. As
soon as the Syrup is rubbed on the Gums the Child will be
relieved, the Gums cooled, and the inflammation reduced.
It is as innocent as efficacious, tending to produce the
Teeth with ease; and so pleasant, that no Child will re-
fuse to let its Gums be rubbed with it. When Infants
are at the age of four months, the Syrup should be rubbed
on the Gums ; and Parents should never be without the
Syrup in the nursery where there are young Children;
for if a Child wakes in the night with pains in the Gums,
the Syrup immediately gives ease; thereby preventing
Convulsions, Fevers, &c. The great success of this Medi-
cine during the last Twenty-five Years has induced un-
principled persons to imitate it, under the name of Ameri-
can Soothing Syrup, and copying parts of Mrs. Johnson's
Bills, &c. Parents will, therefore, he very particular to
ask for JOHNSON'S AMERICAN SOOTHING
SYRUP, and to notice that the Names of Barclay and
SOU, 95, Farringdon-street, London (to whom Mrs.
Johnson has sold the recipe), is on the Stamp affixed
to each Bottle.

(No. 12,500.)

ADMIRALTY-OFFICE, JAN. 11, 1832.
NAVAL HALF-PAY.

TO avoid the inconv.nience and delay which
has sometimes occurred in the payment of Naval
Half-Pay by the irregular transmission of Affidavits, the
Commissioned and Warrant Officers of his Majesty's Navy,
residing within the United Kingdom, and receiving their
Half-Pay through Agents, are hereby desired to transmit
their Affidavits to such Agents within ten days at most
after the expiration of each Quarter, so as to enable the
Agents to receive the amount due on the days regularly
appointed for the payment of the respective ranks.

GEORGE ELLIOT.

This day was published, in 3 vols. post Bvo.
GERALDINE HAMILTON;
OR, SELF GUIDANCE. A Tale.

Richard Bentley, New Burlington-street.
(Late Co'burn and Bentley.)

New and Improved Editions.

Goss's WORKS. (Twentieth Edition.)
ss. each.
1. THE 2EGIS OF LIFE.
" Hominem pagina nostrasapit."
" Our page relates to man."—MARTIAL.
A Non-31edical Commentary on the indiscretions aris-
ing from Human Frailty, in which the nature, symptoms,
and baneful effects of Self-abuse, Intemperance, and Liber-
tinism, &c., are fully developed ; with Practical Observa-
tions on Sexual Debility, and Mental Irritation, with some
interesting Observations on Vegetable and Animal Life ;
in Part 11. is a series of Cases illustrative of the preceding
subjects, explaining them in a familiar manner.

By GOSS and Co., Consulting Surgeons, London.
"Naturas beatis.

' Omnibus esse dedit, si quis cognoverit uti."—CLAtintax.
" Since Heaven to all the fund of bliss supplies,
" Its frugal application marks the wise."

2. The SYPHILIST, a Familiar Treatise on Disorders
arising from Lues Venerea, Gonorrhea, Stricture, Seminal
Weakness, &c., with a variety of remarks occurring in a
very extensive practice, each Section explained by cases.
3. HYGEIANA, a Nan-Medical Analysis of some
Complaints incidental to Females, as Leucorrhcea, Nervous
Irritation, &c. in which are offered some important admo-
niticoas on the peculiar debilities attending their circum-
stances, sympathies, and formation. The subject of
Sterility is especially dwelt upon. Interesting and impor-
tant cases illustrate the subject.
" Quo fugit Venus ? Hen ! quove color decens ?"

HOR. Lib. 4, Od. 12.
" Whither flies Love ? Ala! where the charming bloom?"
The above may be bad of Sherwood and Co., Pater-
noster-row, London ; 86, Trongate, Glasgow ; 9, Calton-
street, Edinburgh ; Wrightson, Birmingham ; Duffield,
Bath ; Brown and Reid, Bristol; Weller, Cheltenham;
Loder, Brighton; Wood, Huntingdon; Hatt, Cambridge;
Trewman, Exeter ; Bacon and Co., Norwich ; Deck,
Ipswich ; Hobson, Leeds ; Gore and Son, Liverpool ;
Platt and Todd, Sheffield; Sowler, Manchester; Slatter,
Oxford ; Brodie and Dowding, Salisbury ; Oxley, Wind-
sor ; and of all Booksellers. Price ss. each.

Messrs. GOSS and Co. are to be consulted, as usual,
every day, at their house ; and Patients in the remotest
parts of the Country, can be treated successfully on de-
scribing minutely the case, and enclosing a remittance for
Advice and Medicine which can be forwarded to any par-
of the world. No difficulty can occur, as the medicines
will be securely packed and carefully protected from ob-
servation.

GOSS and Co. M. R. C. Surgeons, No. 11, Bouverie-
Ireet, Fleet..street, London.

CORONER'S INQUEST.

At eight o'clock last night an inquisition was
taken before Mr. Higgs, at Wright's Hotel, Adam-
street, Adelphi, on view of the body of Charles
Morton, Esq., barrister-at-law, who terminated his
existence under the following circumstances.
Preece Morton, of the Maldle Temple, Esq.,
brother to the deceased deposed, that the deceased
had only returned on Sunday from Rotterdam,
where be had sojurned for the last three months;
be visited another brother at Blackvvall on hie ar-
rival, and stayed with him until Monday morning ;
on that day he came to town, and witness accom-
panied him to the above hotel, where he hired ap-
partments. The deceased, who was about thirty
years of age, was a melancholy anal reserved man;
he was possessed of considerable property in Ire-
land, and was contemplating a journey to that coun-
try. During the year 1830 witness was constantly
with him, and on terms of intimacy; he imparted,
for the first time, that he had formed an attachment
to a lady of title abroad; the attachment was of a
violent nature, and at times absorbed his entire at-
tention; it so much affected him, that he was inca-
pable of discharging his duties of a Magistrnte in
the county of Kerry, in Ireland. He showed wit-
ness several letters from the lady, and it appeared
that the attachment was mutual. He had not seen
her for three years, and about three months ago he
left this country to visit her, and only returned on
Sunday. He then appeared in excellent health
and spirits, and exhibited to his friends several pre-
sents he had received. Witness spent Monday
evening with him, and at his request got him some
newspapers. Witness was sent for after the melan-
choly occurrence, and found in the room a letter,
written by the deceased to the lady abroad, in which
there was not the remotest allusion to the fatal act.
Witness considered the attachment was the cause
of the occurrence.

Edmund Morton, Esq., another brother, stated
that the deceased stayed with him at Blackwall on
Sunday, and on the Monday left him in excellent
spirits. On Tuesday (yesterday) witness went to
the hotel, and at one o'clock rapped at the de-
ceased's apartment, but received no answer. At
two o'clock he again knocked, and, receiving no
answer, he desired the porter to get in at the win-
dow, the door being fastened. His deceased bro-
ther was then discovered in his dressing-gown quit•
dead. A surgeon was sent for, and quickly arrived.
Witness was not aware what led to the rash act.
Mr. Skegg, surgeon, of Bedford-street, Strand,
stated that he was called in. The deceased was
quite dead. There was a quantity of blood over
his dressing-gown, some on the floor, and some in
ts foot-pan, in which he found a double-bladed

. -
knife, generally used by gardeners. With the largest
blade the deceased had no doubt terminated his
existence. On the right side of the neck he dis-
covered a deep incised wound, three inches in length,
and two inches in depth. The deceased's eyes
were very much bloodshot, which was indicative of
mental anxiety, and while labouring under that he
had doubtless made away with himself. From the
position in which he was found, he must have
wounded himself while sitting, and held the pan for
the blood.

After further evidence was adduced, confirmatory
of the above, the Jury, after a short consultation
returned a verdict " That the deceased destroyed
himself in a fit of temporary insanity."

A number of the electors of this borough
have expressed their determination to invite some gentle_
man of high character, political ability, and accurate com-
mercial knowledge, besides the candidates now before the
public, to offer himself to represent this town in Parlia•
ment.—Birmingharn Gazette.

Yesterday afternoon a young girl, servant in
a family at Clapham, while on a visit to her aunt at
Wandsworth, swallowed all ounce of laudanum, intending
to destroy herself. Medical assistance was procured about
half an hour after the poison had been taken. The girl
obstin aely refusing to take any medicine, recourse was
had in a very prompt manner by Mr. CHAPMAN, the
surgeon in at endance, to the use of the stomach pump,
by which means the stomach was very completely
washed out with tepid water, and the girl is now in a
fair way to recover,
though still in a state of much mental
disquietude.—We understand she had been addressed by a
policeman of the name of WauroN, who courted her very
assiduously for two years, and it is only within these few
days she had found out he is already married.

COMMITTEE ON THE BANK OF ENG-

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LONDON, WEDNESDAY EVENING, OCTOBER 3, 1832.

land at their branch banks are payable in gold ?
' They are at the branches as well as in London.
Supposing the country banker exchanged the
branch bank notes for his own notes, and those
branch bank notes were payable in gold, would not
the presstu e in the case of a panic be diminished in
a very small degree indeed, because the party would
only have to go from the private bank to the branch
bank ?—Certainly.
Would it not therefore be necessary to give the
same privilege to the branch banks to issue paper
payable only ►n London, and not at the branches ?
It would be necessary and perhaps beneficial to
have such notes payable only in London.
In order to effect the object which the country
bankers contemplate, would not that alteration in
the law be absolutely necessary P—Clearly.
Have you heard country bankers express an opi-
nion that it would be desirable for them to have the
power of paying in Bank of England notes, rather
than in gold ?—Yes, I have.
You stated that the establishment of joint stock
banks in London, governed by bodies of directors,
would not be capable of giving so much useful and
discriminating assistance to traders as private bank-
ers can give ; would you apply that observation to
the country as well as to London ?—No, I think there
is a great distinction between the country and Lon-
don business. In a country town, with a limited
population, the directors are as well able to judge
of their customers as a private banker can be ; but
in London I think it is almost impossible for the
directors, who would be coming in and going out
by rotation, to make themselves acquainted with
the characters and circumstances of individuals, in
the same way as private bankers could and do.
Might not the directors, both in the country and
in London, he retained for a longer period ?—I only

instance the fact as it occurs geiierally.
Do the joint stock bank directors retain their si-
tuations a shorter period than the directors of the
Bank of England ?—There is only one that I am
particularly acquainted with; in that the directors
change a certain number every year.
Do they come in again► by rotation ?—I do not
know.

Supposing the directors to retain their places for
as long a period in London as the country, would
you see any distinction between London and the
country ?—I should draw this distinction generally,
that you cannot get a director to do that for his pro-
prietors which a private banker would do for him-
self; hut I think that in a country town individuals
are so well known to each other that there is no
necessity for that acquired knowledge which there
is here.

Would not you think that the circumstance of in-
dividuals in London not being so well known, would
give to a joint stock bank, governed by a great
number of directors, possessing each of them their
knowledge of individuals, an advantage which the
country banker would not possess 2—lt is the duty
of a private banker to become acquainted with his
customers; his business depends upon it, and his
advances must be governed by his knowledge; if
you can persuade the directors of a joint stock bank
to take the same interest for their proprietors which
an individual does for himself, then, perhaps, much
of the difficulty might be removed.
From your observations of country banks, do not
you think that now they conduct their business with
a great deal of prudence, and a great deal of caution ?
—Yes.

And in some cases even with over-timidity ?
They may, perhaps, but I am not aware of that fact.
You have spoken of a joint stuck bank with which
you are in correspondence, do you allude to the
bank that has been established in Manchester since
the year 1826 ?—Yes.
That is not a bank of issue?—lt is not.

You are aware that that bank has a very extensive
and increasing business, arising in a great measure
from the liberal accommodation they give to the
public?—l am aware that the company carries on
its business remarkably well, and under excellent
management; it is constituted in such a way that
it was enabled to get together a great deal of busi-
ness. They have a very large list of subscribers,
and in that list, I believe, some of the principle
people in the town and neighbourhood of Man-
chester.

Do they issue in Bank of England paper?—Yes;
they discount in Bank of England paper entirely; it
is part of their system not to circulate the notes of
any other bank but those of the branch bank at
Manchester.

Would you not take for granted that the joint
stock bank of Manchester has interfered with the
business of the private bankers in that town P—l
should think so.

Why should the country bankers be subject to
that interference, and not the London bankers ?
Only if we can show that the business in London is
now as well done, or perhaps better done than it
could be under any other system, and that it is
adapted to the wants of London; we must rest our
case entirely upon that; we only mean to say that
change is not desirable, if we can fairly show that
the system long followed in London is that suited
to the trade of London, and that under which the
mercantile body has flourished and done well for
many years.
• . . .

Ilio.you not think that by increased competition

le public are better servecly—l think tbe.compe-

. .
tition that is suggested would go to the destruction
of the private bankers, and therefore ultimately in-
jure the public.

Has it had that effect at Manchester P—Not to
my knowledge.
You have stated that it is not the custom of
London bankers to allow interest to country bankers
upon the deposits in their hands ?—lt is a custom
which has very much diminished since the war, and
it is now rarely done.
Are you aware that that is annually a source of
loss to the country banker, inasmuch as he allows in-
tereA upon his deposits was not aware that it
was a loss to him.

Of course any sum lying idle in the hands of his
London agent must be a loss to him, must it not ?
But then as it is deposited as a remuneration for the
business transacted he places it in lieu of commission.
What commission does the London banker charge
to his correspondent in the country ?—lt varies very
much ; an eighth is the common rate, but they
often pay a fixed annual sum in lieu of commission,
or they keep a regular fixed deposit in lieu of it.
If the country bankers think that by establishing
themselves joint stock banks in London, without
their being banks of issue, their business would be
more advantageously conducted, why should they
be precluded from doing it 2—l can see no reason
for their being precluded, if they can get it done as
well and as cheaply as they can by their present
Londo❑ agents.
In reference to the answer you have given as to
the injurious effects that possibly alight arise to the
business of the private bankers in London from
joint stock companies, have you not had reference
to those joint stock companies being hanks of issue,
and not simply such banks as the one established at
Nlanchester?—l have referred occasionally to both
descriptions.
Do you think it would be expedient to continue
the restriction as to the number of partners in bank-
ing houses in London ?—I think it is a very doubt-
ful point whether any restriction exists at this mo-
ment as to the number, unless they are banks of
issue.

Then if it is merely a question of making joint
stock banks, not being banks of issue, you conceive
that can now be done by law ?—We have always

• 04..?..1, s,

(PRICE 7D.)

conceived that:such:was the law; I know there has
been a different construction put upon it elsewhere.
Could they accept a bill ?—We have been told
that they can; and that the only point on which
they are restricted is issuing.
Could they endorse a bill for discount ?—We have
been so informed.
Is it your opinion that the circulation of the
country is at present in a healthy state ?—I think it is,
Has there not been a deficiency of mercantile bills
in the money-market of late years, compared with
former years ?—Lately there has been.
Do not you think that it is partly owing to a new
and better distribution of capital between the manu-
facturer, the merchant, and the dealer, than was the
case prior to 1825 ?—I think a great deal of that
which was formerly done in bills of exchange is now
done in cash.
You spoke of the apprehension that prevails in
the city with respect to the issue of the inquiry
going on before this Committee; will you state wha,
is the nature of that apprehension and anxiety ?
The effect which may be produced upon prices if
any change in the currency is again made.
Therefore it is an apprehension of some change in
our system of money, and in our system of banking?
—The one is in a great degree depending upon the
other.
Supposing the public felt perfectly sure that no
change would take place in our monetary system, do
not you think those apprehensions would altogether
cease ?—I think they would, and that there would
be a tendency to better prices.
Do you know whether prices have lately advanced
in the city, particularly with regard to raw produce ?
—Not much, though there may have been in some
few articles.
With regard to the question put to you about
London bankers allowing interest to country banker,,
are you not disposed to believe that that custom is
dangerous to the London bankers, and that there are
proofs of it in the failure of certain banks in the year
1825 ?—I am not prepared to say that it is dange-
rous ; I think it is inconvenient, and I should say
an unprofitable system to the London banker.
May it not lead an injudicious London banker to
lend his money sometimes without proper caution,
because he feels that he cannot afford to keep it un-
profitable ?—I believe there have been some in-
stances of that.

Is there not precisely the same difficulty when
the country banker allows interest ; would it not
equally lead him to an imprudent use of the money ?
—I am not aware that it does.

How does it happen that the practice of allowing
interest on deposits, which is a prudent practice and
a general practice with the country banker, becomes
dangerous and imprudent in London, where the
banker has so much easier means of employing his
money in securities that are immediately marketable?
—I should say that one cause arises from the cir.
cumstance of the money held by the London banker
being generally in very large sums ; a country
banker may allow upon a total amount which may
be large, but it consists of the deposits of so many
mannfacturers and customers that it diminishes the
evil in a great degree.
Is not another reason this, that the payments of
the London banker are altogether in cash or bank-
notes, whereas the payments by the country banker
are frequently in bills of exchange not due, which
he has previously discounted ?—The country bankers
not being called upon for payments on demand is
another reason.
Has not the circumstance of the reduced rate of

interest on Exchequer-bills induced the London
bankers to discontinue allowing interest to country
bankers ?—Yes, in part, the general low rate of in-
terest.

Since the London bankers have generally ceased
to allow interest to the country bankers, has it not
become the practice with country bankers to employ
their surplus money through the medium of a bill-
broker ?—lt has, in a great degree, and in Govern-
ment securitie.

Has not that mode of employing their money in
a great measure compensated them for the loss they
may sustain by the London bankers not allowing
them interest ?—I should think they get about the
same rate of interest.

Have you ever considered the practicability of re-
quiring country bankers to give security P—l have
heard the subject agitated.
Do you think there would be great difficulty in
exacting such a security from country bankers P—l
am not sure that there would be any great practical
difficulty, because nearly all would be able to give
it; but I think there might be great inconvenience
in it. I think, calling upon any man to provide for
payment of his notes in two, or rather in three ways
or places, is rather more than would be right.
How in three ways P—At home; with his London
agent, if they are payable in London; and in the
security he gives to Government.
Would not that have a tendency materially to di-
minish the profit of the country banker if you re-
quire him to invest his capital in Exchequer-bills ?
Certainly.
Therefore it would operate to diminish his means
of affording accommodation in the same way as an
extension of the business of the Bank of England ?
—No doubt it would.

1 notes in addition to the security ?—ln two plsces
in addition to the first security.
In case of an arrangement between the Bank of
England and the country banker, under which the
country banker issues the notes of the Bank of
England, do you conceive that arty double capital is
required ?—Not in the case of a banker taking notes
from the Bank of England; he discounts his bills
with the Bank of England, and takes their notes.
In case of security being given to Government
by a country banker issuing paper, would there be a
double capital required P—He would have to fit d
three capitals, if I may be allowed so to say; he
would have first to secure the power of issuing notes
by depositing security with the Government, he
would have to find it with his correspondent, if pay-
able in London, and he would have to provide at
home against any demand for payment in gold.
Supposing a country banker were at present Un-
der agreement with the Bank of England to deposit
Exchequer-bills, and not to discount bills, would
not he be in the same situation if he deposited dis-
counted bills 7—The Bank of England would as
soon take one as the other.
Is it not likely to ba just as convenient to the
banker to deposit Exchequer-bills, as to deposit
other negotiable securities ?—I am not prepared to
answer that, but I should doubt it very much; I
do not think the country bankers are in the habit of
holding Exchequer-bills for purposes of that sort, so
as to be a permanent lock-up.
Are not the negotiable securities which they de-
posit in the hands of the Bank, now purchased
by them with capital, in the same way that Exche-
quer-bills would be ?—Clearly.
Then is there any difference between negotiable
bills and Exchequer-bills ?—They are both purchased
by the means of the deposits made with or by the
private capital of the banker.
Then in what consists the difference between the
country banker depositing Exchequer-hills or dis-
counted bills in the hands of the Bank, and getting
Bank of England notes for them, and his depositing,
Exchequer-bills or negotiable bills in the hands of
the Government, and getting a certan quantity of
paper which he issues ?—He must always keep ca-
pital at home for meeting those notes.
Then the great difference consists in his having
on the one side Bank of England notes to pay with,
and not being liable to be called upon to find capital
for them, and on the other hand having his own
paper, against which he is obliged to keep an addi-
tional security with Government ?—Yes, that is one
very important reason.

In case therefore of the Government requiring se-
curity from tile country bankers, would not the best
system be to induce the country banker to take the
Bank of England notes, giving security for the Bank
of England notes ?--It would be better than the
other alternative.

Do you think the country banker would carry on
his trade upon those conditions ?—I think very few
of them would.

Would not one of the probable effects be, that he
would abandon the system of allowing interest ?
It might in part have that effect, but then he might
be obliged likewise to abandon the charge of com-
mission, which is a ♦ery profitable part of his busi-
ness; and I am not sure that he would gain mate-
terially by that change.
If the country banker gave security for his notes,
would not his note creditors be paid at the cost of
his other creditors ?—They clearly would have a
preference.

Are you aware of an arrangement having been en-
tered into, between country bankers and the Bank
of England, to issue notes of the Bank of England ?
—I
have heard of such an arrangement in particu-
lar places.
Are you aware that the Bank of England inva-
riably requires security to be deposited against the
notes which they furnish the country bankers with ?
—I
was not aware of their requiring further securi-
ty than bills of exchange to discount.
Is not that just the same thing as depositing se-
curity, according to the question that has been put
to you, for the issue of notes ?—lf that was the case,
still it would not get rid of the other difficulty, when
the country banker is obliged to provide for his
notes at three places. There is in the first instance
the provision he would have to make by giving se-
curity to Government; secondly, the provision in
the hands of their correspondent, if payable in Lon-
don; and the provision at home; now when a
country banker takes notes from the Bank of Eng-
land, he at once gets rid of two of those liabilities;
he gives security to the branch bank of the Bank of
England, but he avoids the necessity of provision at
home and in London.

Are not the negotiable securities alluded to, ne-
gotiable securities which the banker takes in the
course of his regular buiness ?--Those which he
has discounted, probably, for his customers.
He would not take Exchequer-bills or public se-
curities in the same manner ?—He might occa-
sionally, if his deposits were larger than usual, hold
them as a means of employing such deposits; but
the country banker would scarcely call it a part of
his regular business.
Therefore, if he gives the Bank those negotiable
securities which he holds from his customers, the
money so employed gives facility and currency. to
the business of the neighbourhood; but if he is ob-
liged to employ that in buying Exchequer-bills, or
,living securities, the neighbourhood loses the hem-
tit of that circulation ?—Certainly that would be
part of its effect.

lla, he at present any object in keeping a larger
amount of negotiable securities with the Bank of
England, than that which may enable him to pro-
vide gold in exchange for his notes ?—Not as the
system works now.

And he may terminate his transaction with the
Bank of England at a week's notice ?—Crrtainly.
So that there is a clear distinction both in the
amount and in th• terminable nature of the transac-

Do you imagine that the security that has been
suggested would be of a more stringent nature and
more disadvantageous to the country banker than the
system at present followed between the Bank of
England and the country banker ?—Much more so

don, between the negotiable securities now depo-
sited with the Bank, and the security which the Go-
vernment would require ?—Clearly. I understand
that some of these transactions between country
hankers and the Bank of England have been carried
on for a fixed period, for six months, but terminable
at the end of that period.
Is there not also this distinction between the em-
ployment of his money in negociable securities, and
the vesting it in public securities, which he would
have under the supposed system to deposit with
the Government, that he uses his negotiable seen-
rides with the Bank only when he wants the notes;
but if he were obliged to make the deposit as a se-
curity for his right to issue, would he not then be
obliged to take the maximum of his issues at any
one period of the year ?—Yes, to keep it up to the
maximum.

Therefore he would be forced to purchase a given
imount of certain securities which he must hold,
instead of being left free to take any species of ne-
zotiable securities which might suit the nature of his
business ?—Yes, that would be the effect.

Do you see any good reason why the country
banker should give security for his notes rather than,
his deposits ?—Cleariy not, as a matter of business,
Do you know what proportion his notes gene-
rally bear to his deposits ?—I cannot say.
Are not his deposits larger than his notes ?—I
should think so.

in its operation.
When you say that it would be more stringent,
do you not mean, riot so much that the security it-
self would be more stringent, as that there would be
the necessity of a preparation for the payment of

You are probably aware that in some parts of
England, in Norfolk, for instance, the country banks
issued many cash notes, and drew few bills; whilst
In other parts of England, such as Lancashire, for
instance, they issue no cash notes, but draw nume-
rous bills after date ; do you see any reason why
the holder of the bank-notes of the bank at Norfolk;
should have security rather than the holder of the
hills of exchange of the bank of Lancashire ?
There can be no reason for the preference which
would thus be given.
Can you state the number of items of payment
and receipt which pass in the course of a day in your
bank ?—I can furnish it to the Committee, but I
cannot state it at the present moment.

CHANGE FOR A BAD SHILLING,-A con-
.,ervative magistrate of this county (Carmarthen) gave
some freeholders several proofs of his extreme liberality by
supplying them with shillings for the purpose of payiy?
ibr their registry. Ole of the party, however, disct-,verEci
that the token give❑ him was not of the recogni*eci coin
of the realm, and returned it to his worship to have it ex-
changed. The latter maintained that the shilling given by
him was sterling and honest, the other as stoutly asserted
tu)a,ath4,adttonitnvilsqtcehredh,onze,sat,
that it was false and counterfeit. The discussion was be-
coming rather warn), when his worship proposed
. that the
disputed
I'he usualrs a t
osnpointleuet should
egi v consented;
e n bteo stet): the
lee
odott 1-t) ykh iseed volume, when kis
worship demanded a shilling. What for? asked the agri,
culturist. My fee for the affidavit, was the reply, The
former attempted to remonstrate, the latter was inexorable,
but in the end consented to receive the bad shilling.
Welshman.

EXECUTION OF WILLIAM i101.0.‘/N."--,-
This unfortunate young man, who was convicted at the.
late assizes of violating a child twelve years of age, it
Sheffield, suffered the last penalty of the law, on the new
drop, behind York-castle, at 12 o'clock no Saturday.
From the moment of receiving his sentence, he had de,
voted himself almost exclusively to prayer. Three of his
brothers had an interview with him at an early hour that
morning. To them he declared his innocence, and also
acquitted the woman ELAM of the offence imputed to her.
The parting scene amongst them was, we understand, dis-
tressing in the extreme. During the reading of the
prayers on the scaffold, his eyes wandered greatly, and he
seemed anxious to address the assembled crowd beneath.
Just before the executioner proceeded with his awful duty,
the malefactor, with a firm step, advanced to the front of
the scaffold, and said, " The Lord above knows I am a
murdered man. lam innocent,—innocent as the child in
its mother's womb. Lord have mercy upon me !" The
cip was drawn over his face, the rope adjusted, when he
again exellimed, "Lord have mercy upon me ! " the bolt
was drawn, and be was launched into eternity. Ater
hanging the usual time, his body was taken down and de.
livered to his friends for interment,— York Courant.