The Sun.
London, England, 1826-03-06 00:00:00

sti,K TRADE.

rem the Coventry lierold qf Friday last.)
nu: under-mentiolled cormnunication was re-
eeived by us thh tnertlin ' 'We have therefore
n.
only time to congratulate the amid munufac.
turvt6 of tbis 'city upon the very
,favourable result
of the labours of their,,deputAtioe,
",4'arliament-street, March 2.
" Sir---I have seen Mr. Huskisson and Mr. Grant upon the-
subject of the regulations under which it is proposed that the
importation of silk goods shall be: permitted after the sth of
July next, and lam in consequence enabled, in 'answer to
your .veryAnessing inquiries, to state to you what some of the
principal of those regulations will he.
";Ist. It is intended to propose to Parliament, that for the
first few years (and until the qualities of silk goods shall be bet.
ter understood by the officers of the customs than' they can be
the first opening of the trade), the importation shall be confined
to London,-with the exception of small quantities in the pos-
session of passengers coming into other ports of the country,and
for ,whotat cases suitable regulations.shall be made.
s' 2t1.-'!'list it is conceived, that if the pieces of silk and of
ribands be imported in lengths of a fixed number of yards,
neither mote nor• less, the doe examination of the goods by!
the officers of the customs will be greatly facilitated. It is,
therefore proposed, that ribands shall not be imported, except
in. pieces of :41 yards, and in half pieces of 18 yards each, and
that broad silks, shall ant• be imported except mpleces 'of 60
yards each.' A moderate allowance will be made for errors in
such measurement.

" 3d. That silk goods shall norbe imported except in pack.
ages of a givemweight, which will certainly not be less than
Intl lb.. This is r. very 'common regulation us applied to goods
which are susceptible of smuggling. •
": 4th. Tables will be prepared Mr charging a ratio duty by
weight, equivalent, as nearly as possible, to 301. per cent. upon
the value of the goods, in all cases wherein such a mode of ap-
portioning an ad valorem dtity. can be made applicable.
" aimhappy in being permitted to• make this communica-
tion to you ; but although I believe .that the duty on throWn
silks will be rooditietlii and. in some degree reduced, I am lust
authorized to give you any positive information on that subject.
I ant, Sir, your obedient humble Servant,
" J. Merry, Esq., WoZti-street. "J. D. HUME."

EDINBURGH, I‘lmicti

BANKING SYSTEM IN SCOTLAND.

Yesterday a highly respectable and most nu-
merous meetimg of the inhabitants, called by the Loan Pao.
VOST, in terms of a requisition to his Lordship, was held in the
Waterloo itooms, to consider of the propriety of the measures
now in progress in Parliament relative to the proposed alteration
of the Banking SyStem in Scotlantt—the Right Hon. the Lorin
PROVOST in the chair, supported on the right by Lord
ROLLO, apt] on the left by Sir JAMES FERGUSSON of Kul.
kerran,Batt.

The Loma PI)VOST rose and spoke as follows:---I am sure
I need make no apology fin requesting your attendance here to-
day. The business which• is the cause of 'our meeting is well
known to all, and is no party question. The subject is a most
important one. It is to consider the measures now, pending
in Parliament whether there shall be a great change and inno-
vation on the *ysteM of banking pursued in Scotland or, mit..-=
Asltis is a question which- involves the interests of every mern-
ber of the community in a greater or less degree, I have will-
ingly consented to a strongly expressed wish of many of my
'fellow citizens, to afford the inhabitants.at large of this metro.
polls an opportunity to declare their sentiments upon it. Scot-
land; we all know,- and feel with pride, is a rising country ;
the-resources, enterprise, •and intelligence •of its people have
been much aided; not only by the. general laws of the land,
but by the excellence and usefulness of many of its local esta-
bliihments, Aiuthive been most materially prOthoted by the
wise and liberal System'• of banking pursued thr6ughout the
country Tilis;" while it secures the • confidence of the people,
gives an increased stimulus and effect to our exertions in corn-
mereconanufactiires; raid' figrieulture. The alteration now
proposed of withdrawing the small bank note currency will de-
prive this country ofatiany advantages, I• might b.ven say of the
essential requisites it, has long enjoyed, and which in some
degree conipensates for the distance we ore placed from the
seat of government, when the people have' the advantage of
employing titeir capital in tiorprnment securities. It will also
deprive the country of much of its revenue, by abridging the
trade, and thereby causing a great defalcation in-duties, etc.
which must to a certain degree prolong our taxes and.
public •bierdens. At present the merchant derives accom-
modation from cash credit and cash . accounts with the
banks. This gives hiin a, great interest in supporting, and
npholdingthe bankint, establishments in times of alarm
aid distress, while, if they become merely the deposito-
ries of money, is' is yell generally the ' Case in England,
there will be a demand And run upon the banks on the slightest
cause of alarm, which must inevitably prove ruinous to them
and hurtful to the country. If this highly respectable meeting
concur in these sentiments, 1 beg leave propose that petitions
to both Houses of Parliinient be immediately transmitted,
praying them not to delay the measure only, but to abandon it
entirely.
Sir JattEs FEnoussost said a few words in favour of .the
resolutions, which he read, and moved should be adopted by the
meeting.
Lord itot r.cr seconded the resolutions.
Mr. P. 1-1 ow N said, he considered he should not he dis-
charging hi* duly as a citizen of Edinburgh did he ndt submit
to the meeting a resolution in some respect different front thoSe
every confidence in his Majesty's Ministers,
now read. Be then read a resolution as an amendment, stating.
was satisfied that any arrangements they might
taitie t ,mfee4liinngg
adopt regarding the banking system of ScothindonAthe change
contemplated; would tend to die Hafoty, and be advantageous
to the future prosperity, of the country.
Mr. liirsiciArb 11t4listRztit, 'after -a short pause; asked if
the amendment writ ti and said, that•unless it was so,
it must fall to the ground.

The amendment was read by the Lord Provost, who Flitted
if any gentleman seconded it, hut it was received with hisses,
and loud cries of ‘‘ No, no."
Mr. Jolts Fourstaw, W.S., SAW the meeting ought not to
have received the amendment now read with hostility, for it
Made them acquainted with an important fact, that there was

•
only one man in Edinburgh who entertained ()Pinion on tins
subject contrary to that of his fellow-citizens. This numerous.
and respectable meeting was composed of men of all classes and
parties, lawyers, medical men, merchants, and tradesmen, and
they seemed all to unite in deprecating any interference with
the system of our banking establishments. They were much
indebted to our worthy Chief Magistrate for calling them to-
gether, and thus identifying himself in opposition to a measure
that would prove detrimental to the best interests of Scotland.
He had no Intention at present of entering into a diecussion
on
the theory of money, which wawa question oil which much dif-
ference of opinion exieted, and which had long occupied the
acute mind of Lord Lauderdale; who on the present occasion
had made a noble stand for the interests qt' his country
would confine himself to the subject before-the meeting. It
was a question of great and paramount importance, and he was
sorry to see that it had not: met support -from a Noble Lord,
who, in ,presenting the petition from the city of Ldinbursh,
was made to say, that although he agreed with the general im-
port of the petition, he did not concur with the, prayer, -which
was in fact excepting the only part diet was important.
If he was disposed to be humorous on the .occasion, he
could only liken to an announcement of the tragedy of
Hamlet, where the part of 'bullet is left out owing to the
absence of the principal performer.--(Laughter.)—Ministers
did not seetuao be aware of what their proposed measures would
effect in Scotland, and the misery they, would, entail on the court-
try. It was the duty of the meeting to state to them, in firm
and respectful language, the consequences of the measureS, end
that any alteration would create great oonfusion for a length of
time. Perhaps the gentleman who moved the amendment was
so wealthy that he had never occasion to ask credit from a
bank, but that:was not the caste with all, and he need only
refer to_ the experience of all present, how many deserving
young men, to their knowledge, had edvanced in their
worldly circumstances by the aid of cash credits.--
He then observed, that the circulation of small notes
was alinost the sole profit of the benker, for these
were scattered over the country, while tlie large notes
came back . daily in the course of eachange, • and thus
prevented the danger of an over-issue. , The country had
flourished under its present system, but should it, be altered it
would dative us back at least forty years in,our improvements.
For what was this change to be made, and why ? It was to
please the Bank of England—not Ministers.—for they had
lauded our system, and held it up as a mode for, imitation.'
The Bank of England made no attempt to interfere with out
system, until the discussion on the over issues, the restrictions,
and their charter took place, then they si.t up a cry that unless
the circulation of Scotch -notes was prevented, they would be
ruined. Illioisters ought not to yield to such narrow mindedpolicy'. lie thought that the resolutions proposed
them his
framed that no one present would hesitate to give
warmest approbation.—( Applause.) •
The Loan- PuovosT here read a letter,: hutitled to him by
Ilr. Spitral, Master of the 31erchant Cinotinny, from Mr.,
Dundee, in which he stated that he. had received the petition of
the Company,-which he was to present to the House of Com-
mons and that he would support the prayer: The High, non.
were
Gandernan said he hall no tear of the soecess of the opposition.
to any change, if Scotchthen reniained 't. se, to themselves.
The Lord Provost said, he had received a:letter froth
Dun-
des of the sauteing-tort,. but he had neglected to bring it wits
hint:- , •
Mr. WALTER COOK, W.S.
supported the. resolutions. t'
was gratifying to observe that the people of Sc-otland, on eyeey
occasion stood forward when their rights were invaded.
Mr.
b'enetit of the Scotch Banking system was altogetherunknown
in England. Should the proposed bill pass, it would put an
cod to granting interest on depositeaccoun and also put it stop
to cash credit. The bringing gold. to-this country would he
attended with much expence anti great risk. It w.'s only two
hours ago that he heard of the loss of a smack from lambi',
having on board 4,000 sovereigns for one of our bunks.
Mr. JAMES NAIIINT; W.S., in allusion to what had Niel
from Mr. Cook, said, the Bank of Scotland had on board (1,
the vessel 30001. in gold, 10001. in silver, all of', which. had,
gone to die bottom. The Bank Was however covered briolar: -
ante. That there might be a graateramount on board was not
unlikely ; for the ship's manifest bore, that 40,0001. had been
shioped, but that was perhaps a mistake. There was a 3injtir
accident a few years ago, when eOO2/. was lost. Lord Melvil ;
lusd said, there was little or no risk attendant on the removal of
bullion from one country to another; but here, in a shorlaee,Th
rich, were two instances to the c.onte;reee. Ile rose to say a ie-
words rather of detail. It -appeared to
}him, that the meeting
would net do its duty if it did not name a small Committee to
form a -rallying point, to whom communications might not 01
be addressed, but who should Fend statements to ,
parts of the empire, -arid thereby make all acquainted vilt°
the real merit of the-case. The press -of the country had,
Various degrees of talent, been epecolnting on this question, "a'
ee
these was one publication, which threw a luStre on the coure
The viewkof the meeting, however, would be completely lost,tri
if they trusted to. the wretchetlecolumns of a Scots neWspOri;
' It was not likely, that, in thatehrui, they would meet the elei
of the E9glish member ol' Parliament. He wished them,Pe-re-
into such form, that they might reach in his closet, ,w''"e"„"
he could consider and weigh dispassionately the argameittb "-
this important subject. The
Mr. %V. Pam. seconded the views of Mr. Nairne.
nature of bankiag in England fluid Scotland, .50 00
Were essentially ditfereht: In the former. country; twee/
shopkeeper was a banker. .But anfrScotland.
three banks existed in every town. There tdwimeer every
carried on as a distinct business; men. °l* 61Pirai detnientler
whole attention to it ; thereatre it, as contlected in the
quite unknown inure sister kingdom. Ile chid' noticed thatoithdraw-
withdrawing of cash credit; would have the drat of vy--} e meat
ing 2,000,0001. front the circulation of the 'eountryeen"4,le sr.
serious consequences would naturally, be the' result. ,1 with
tern of Scots banking had lately been adopted in Irelano
ors&
every prospect of success to the banks themselves, oenu would
vantage to the country; hit the hors of these benet!ts gee
be completely blasted, and must fall to the. ground, if
tile p
posed measures are carried into effect.
Admiral Sir P. H. Dunii.eat supported 11.1 resolations:onej
ed to the gratitude of his country,
Mr. FoitEmAN said his friend Mr. Nairne had menti taor
columns of a newspaper, and at that time he lelieved II lie
of the letters alluded to was in the moth, but he andellt`-.
I lebt-
had since left it. anti he must say, if ever: there was -' wrote
ban-Ttf their
these letters--(great and tumultuous appleusta all eyes
to turned towards Sir W. Scott, who sat in a distant corner 0
roam)--I' will say that these letters ace like his own fiery et,0%,0
they ere now flyink through our irowrains and glens to
-
it wes that man tro° woe
the epi..it of Scotland. • * to sSY
Mr. NAI item, in explanation, said, lie did not mean -
a word against the respectability of neelepepers.
cornffettee
After a word or two iron; Ur. Iliew bray, IV.Se a
was named to carry the reelationt into effect' •
Oh the motion of C..1,1' 1, the thanks of the,meelilti.•
ing were voted to Lord r.: poi his exertions in 1 sr
et.
meat, and also to, the 1.. Tee theette of thecc"?le
ing, were voted to the le , after which tile ni
osl,
fepaiated, but not u::;,.jet:C:els wet.° very Immo°
signed.

TUE bstA ex:, D T •
loss of vessel, . et. eo
---rroLn---T---.,(11..-i5;.7..--....:....-.....—.........
. ~
appeared in most of
this -
we received from a person connected.:•'ith the trade, and it 111-1
,be relied on :—The alig.rii W4S tusking for,the Passage callet
the liaseboro' Gat, when, just on enteriner 't, she struck on
the mast of a sunken vessel:.. R 1 I
...4.te .iun.7 foil. II rain Ute on
it and then swot uh. Tills was about four o'clock ni,
the morning. The passengers Neel vt d the first rl°tic,:e°
the
conteinmpi,"ircrl'obstprreii?left.7.nOltari,:tuoieufilairo,wtiiniii.
the accident by the rushin;; in of the wat,.,r.. AtternPts,..l-„ ....iv
'made to} stop the leak inside, but it was found linposalPV
The Cain then bore up for the Ilveboro' Sand, Intentoil
ctoonrsuenq
u theen cveessaerlteagr rot:au:11:z ng it,: :co: :::eiceetb.tlitelitigoveo:f6aentialtb,ecatait;idovient
Ptialetc(titaurentelsise,lielaekinoii,isteldiethouctssliltalen:owunplaorrttuoyely, however, t'ttt
it. The sand is a men; ride:- 1-16:iiiteni-dteil to
he found the wat . ,' iet'i- with ''- 'i°4r ") 'gcl 41)(In 4 again'
ivoult.l not answer the
but the smack ti,-1 ,, i,..;.t......--loid, .ri..
hulal. The bow, ..- - , i 11,., . ..learee,,iind the crew and pass-
put about, when
gers tat away fr...b: f,,,,. ~,,,,,I, but %, id !Jut an aracie of dress!
except what the y bad' ;a theiebacirS. iflie vessel Sunk in abou
P e
thoms water outside of the samt, aliotit ten minutes ofl r
10 fathoms
they left her. They hid 'no7';',inrio in tin. feat but a bottlewot
whiskeY, which the Etewarti got into_ it (a good mindful friloals
and Were ten miles from Lana; lucidly they soon got on Warthil,
fishing vessel. We have been the more 'particular in rni,,,
account, because we really think it a pity that anYe
e oil
conception should induce the public terlsce. less reiian oh'
vessels, which..in point of azcorrimodation, safety, and diSPa_m_
,deservedly enjoy so high J. thane:ter.. Nir..-: feel beinnd ~,Manta
as a matter of common ju;tite, th.ll not, the slightestZ,
seems to rest with thc C',optc.iii, oi any one' on board. lv %mut
n:tAkuodwuweho has the superintentlauceof thoSe
e
rePitcarcn.:te.):ll.lndathi.rtplredPeam(neO.'unwetolifvelitiiiiolalvy,tnietcantazntri:uniltlet.ti.fi3n)etisonr'e;..owtbgw.vfla!tti%blii:latiteittn!„i:isysit.stcac'llntilt:feesli:clit.:ol°,vBslaeff:,7lale,tlbril.ao_iitiolteins.l.4:lll:_,.....niielsr;ceitit
1,0001.'0f money on board. It was untletwritten at (4' P
i‘lihe
tt.itspu dispute originated tit the liarslatitl CO, no.iiiiii,
edeeinitttigieoitiristhaurres,lnlywitanto.t
sAeiriro.ol‘Bll.y:tkitstovvliteo
platters,thus
the matter rests. . . ..
~ •

PARLIAMENTARY PROCEEDINGS.

NOTICES of MOTIONS, and ORDERS of the DAY,
which now stand On the ORDER-BOOK of the HOUSE
of COMMONS, for the PRESENT WEEK. -
Monday, March 6. -
OnDERS,OF THE DAT.
1. Debtor and Creditor Arrangement Bill4--Cormnittee.
2.' Usury Laws Repeal .Bill—Second readlog.'
3. Prison Laws (Ireland) Bill—Second reading.
4. Juries (Scotland) Bill--second-reading.
5. Fisheries Act—Co timittee thereupon;
- 8. Church Rates (Ireland) Bill=Secood reading,
7. Punishment by Hard Labour(lreland)Bill—Second reading.
8. Chelsea and'Kilmainham Hospitals Bill—Second reading.
9. Supply—Committee. •
10. Small Tithes Recovery Bill—Second reading.
11. Ways and Means—Committee. (Budget.)
12. Promissory Notes Bill—Third reading.
13. Prison Act Amendment Bill—Third reading.
14. Lunatic Asylum (Ireland) Bill—Report.
NOTICES 'OF MOTIONS.
I. Sir Henry Hardinge—Ordnance Estimates. (In Committee
of Supply.)
2. Mr. Maberly—To oppose the Speaker's leaving the Chair
on the motion for Committee of Supply. -with reference to
the present state of Exchequer Bills, and the transactions
of Government with the Bank of England. •
3. Mr. Attornek-General—Bill to continue and amend the Act
for the Relief of Insolvent Debtor..
4. Mr. Attorney-General—Bill relative to the Law of Arrest
for Debt.
5. Mr. Attorney-General—Bill to' repeal an Act, commonly
called the Lord's Act.
Tuesday, March 7; •
NO.TICES OF .MOTITINSi
Mr. Maberly—Repeal of the Assessed Taxes. •
2. Mr. Ilume—Select Committee to inquire into Sinecures, and
Offices 'performed by Deputy ; also, Pensions now paid in
every Department.
3. Sir John Newport—State of the First Fruit Fund in Ireland,
with a view to render it more effectual.
4. Sir Newport—Account of the application of Sums granted
in the last Session for the furtherance of General Education
in Ireland,:

ORDERS PP THE DAY.
1. Bank Charter Amendment Bill—Second reading.
2. Cruel Treatntent of Cattle Bill—Second reading.
Wednesday, Afareh 8.
NOTICES OF MOTIONS.
1. Mr. home Prummond—Bill to repeal the Acts of the Scotch
Parliament (.1.5114, c. 138, and 141, c. 219]; concerning
Assault and Battery, pendrote We. • ,
2. illr. Berries— Vote on account of Civil Contingencies. clln
Committee of Supply.) ' • •

SUN DAILY EVENING NEWS.
jIL
PAPER to be SOLD by PRIVATE. CONTRACT.
APplications to be made to the Publisher, at the Office of Tut:
Sex, No. 112, Strand, opposite Exeter 'Change.

PRICE OF STOCK! TillB
pAnk Stock
3 per Cent. Bed.
.1 per Cent. Cons.
34 per Cent.
Ditto Rod. shut
4 per Cent. New
Bank Long Ann.
India Stuck..
Ditto Bond, 9p. c. 2 3 dis.
tiouth.Sett Stuck

PRICES OF FOREIGN r
Au
strian Ilds, 5 per cent....
13r4ziIian Ms
Iltienott Ayres 11t1s ....
Cinlian Ws t; per cent —
Wpm bn,in dds 2O 9
Do. 1024
Danish, 3 her cent.
Greek 1383
Do. 1824 ,lB a'
Guatimala .
Mexican 'Ws, b p. c.
Do. 1825, 6p. c.