The Sun.
London, England, 1835-12-15 00:00:00

THE BANK.

Monday Evening.
In the upper commercial circles some attention has bees
directed lately towards a proceeding on the part of the.
Bank of England, which, in the opinion of some, is meant,
by a side wind, to obtain the entire command and control
of the trade in bullion. Notice has been given, that all
gold and silver purchased by the Bank, shall be free Of
brokerage for the seller, and the brokers who act for the
Bank have also given notice, that in future no brokerage
will be charged by them in the sale of bullion or specie,
whether to the Bank or to other buyers. Now, that any
class of men should be willing to work for nothing; is always
liable to the suspicion, especially in matters of business,
that they do in all such cases contrive to obtain in some in-
direct mode a proper remuneration for their labour ; and
also that this remuneration, being of a concealed nature, is
generally much greater than it ought to be, or in some
other way more detrimental to the interest of the parties
concerned. The new rule of the Bank in this instance
is the more unfair, as the brokers they employ have the
use of the Bank premises, scales and weights, with tiro
services of four clerks and eight porters, in additiolhi
without doubt, to a handsome salary. It is difficult to'
imagine what good explanation can be given to this
proceeding, and on the face of it, it appears to be a
measure at variance with the principles of fair trading,
uncalled for, and oppressive. The business of a bullion,
broker, if properly executed, is one of extraordinary"
difficulty and nicety, and attended with the most serious.
responsibility. If it :is thrown into the hands of two
or three persons by the species of monopoly sought
in this indirect manner to be introduced, the merchants,
besides having the whole of their transactions passed
under the observation of the Bank Directors, will never,
be sure that the requisite degree of attention will ba
paid to their business. In fact, it is well known, that
before any competition existed by the introduction of
other brokers into the trade, the Bank brokers frequently
limited their services to the passing of a note of sale,
though subsequently, by the effect of that competition,
they have gone through the regular processes now re-
quired in all such transactions. While any competition
remains, there will remain a proper check on the perform'
ance of these duties, but when it ceases, that attention
must also diminish ; and they cannot in any cas . be looked
to for those voluntary exertions, which consist in obtain-
ing and communicating to their employers such in
of the arrival of bullion at the various out-ports be-
fore it is brought to London, and which the other brokers
undertake.

On the whole the measure is thought to be an odious
one, even by those who might be supposed at first to derive
considerable benefit from it, and it is said that the great
majority of the merchants who import bullion will not avail-
themselves at all of the gratuitcus services of the Bank.
brokers, but continue to employ their own brokers as usual►
notwithstanding the new regulation. There is the stronger
ground for concluding that they are right in the view taker),
of it, that some of the directors of the Bank themselves
have declared their intention of following the same course..
There is not, consequently, entire unanimity in the Bank.
parlour respecting this measure, which, independently of
the objections to it above stated, is one of the advantages
of which to the Bank remain yet to be explained.—Time"

SHIPPING.—(THIS DAY.) . •
(FROM LLOYD'S.)
DEAL, DEC. 14.—Wind W. N. W.—Arrived the Georgians,
M'Dougherty, from Galway • Shannon, Mills, from Dublin;
and Alfred, Mills, from Cardiff to Lynn. Sailed the Asia,
Biddle, for Madras, since anchored off the South Foreland.
Put back the Columbia, Crosby, for New York, and remains
with the Julia, for Madras.
PORTSMOUTH, DEC. 14.—Wind S. S. E., fine.—Sailed the
Hampshire, Temperley, for Gibraltar.
PLYMOUTH, DEC. 13.—Wind variable.—Arrived the.Jamess
Hutchinson, from Copenhagen, bound to Newfoundland, pet'
back leaky, with loss of foremast and bowsprit.
FALMOUTH, DEC. 13.—Wind S.W., light airs and fine.
Arrived the Lyrian Packet, from the West Indies—sailed froth
St. Thomas's the 13th ult. Off port the Albania, Curry,
from Demerara.
ISLE OF WIGHT, DEC. 14.—Arrived off port the Philaclel-
phia, Morgan, from New York.
LIVERPOOL, DEC. 13.—Arrived the Glenarm, Glucher, and
Dalmatia, Childs, from New Orleans; Rialto, Holmes, froth
Savannah ; John Lemon, Paterson, from St. John's, NOW
Brunswick ; Malay, —, and Peril, —, from Quebec;
and William Allen, Digby, from St. Petersburgh. Off poll
the Phoebe, —, from Quebec; John Troughton, —, froth
St. John's, New Brunswick ; Adam Lodge, —, froth
Charleston ; and Columbine, ' from the Mediterraneau.a
WATERFORD, DEC. 12.—Arrived the Martha, Dyer, all
Thomas, Williams, from London.
HULL, DEC. 13.—Arrived the Louisa, Jacobson, from Kiel.

The Juno, Jarrow, (coal-laden), was lost on the Sunketi
Sand on the Bth inst.
The schooner Jason, Marmon, bound to Dominica, V.
abandoned in lat. 37, long 62.
The Experiment, bound to Jersey, sunk at Liverpool O
the 12th inst--..crew saved.
The Alexander, from Quebec to Alnwick, is abandoned
at sea.
The Britannia, Anderson, from Miramichi to Cork, Scii
abandoned the Ist instant in lat. 45. long. 34. —crew saved'
The Marsh4l Macdonald, bound, to Limerick, was under the
Isle of Beck the 14th ult. very leaky, and about to put back t°
Quebec.
The Mary Annabella, from Liverpool to Newfoundland, Ori
20th ult., in lat. 48., long. 35., and the Prudence, from Lon'
donderry to St. John's, N. 8., on the 28th ult., in lat. .544
long. 14., by the Pitt Shields, arrived at Troon.
The Blandford, from Bristol to Newfoundland, on the 151
instant, in long. 19., by the Edward, arrived in the River. `

NIEETINGs I CRED [TORS 'i
R. Hotlingdale, grocer, Strom], Kent
G. Mayor and Co., spirit-merchants, Little Distaff lane I
NV, Thomas, tailor, Foley-place, Great Portlancl-etreet