The Sun.
London, England, 1844-01-30 00:00:00

vaults of the Bank was to give a credit or secu-
rity for its issues of Bank money ; and it is equally
plain that any other fixed capital of ascertainable,
known, and convertible value would perform just as
well the same function. The Bank of Amsterdam
assayed credit by the means of a deposit of the pre-
cious metals of standard value. 1 propose to assay
credit by the means of fixed capital of sterling worth.
To perfect a system of commercial circulation four
conditions would seem to be required—that it be
self-dependent, self-adjusting, abundant, and cheap.
If it depend at all upon causes extraneous to itself,
then its power of completely fulfilling its object will
depend also upon the co-operation of causes over
which it can have no control. If it be not self-ad-
justing, if it do not possess the property of dilation
and contraction, according to the demands of an
ever-varying commercial circulation, then that power
of accommodation which may be equal to the wants
of to-day, may be quite unequal to the wants of to-
morrow. If it be not abundant there can be no
certainty that there will be enough for all the
purposes of legitimate credit. If it be not
cheap, then that adage is untrue—that low in-
terest is the soul of trade. At all events, the
profits of discounting capital should bear a due pro-
portion to the profits of capital generally. Accord-
ing to the working of the present system I suppose
it bears very little. I will now state in what way, as
it appears to me, every condition of a perfect system
of commercial circulation may be fulfilled. I would
propose the establishment of a Bank of Transfer, with
a capital equal to the discounting, if required, the whole
commercial circulation of the country :
The capital to consist of property having a market-
able value, as bullion, Exchequer bills, Bank stock,
India bonds, funded property, railway shares, canal
shares, and generally of any fixed property having a
marketable value.

The deposits to remain ;the property of the de-
positors.
The rent, or dividends, accruing from the deposits
to be theirs also.

The deposits to be withdrawn at the will of the de-
positor (when no debits in the Bank books stood against
their credits).
A credit in the books of the Bank to be given to
each depositor, according to the nature of thp deposits.
To the amount of each individual credit, the de-
positor would be at liberty to lend or sell his credit,
thatis to discount on whatever terms he might choose
to accept.
To prevent any improper use of the credit, each
depositor to balance his account within stated times.
_rh. Bank would neither pay money nor receive it,
except to the amount of its commission, say of one-
eighth per cent.
The depositor receiving all the profits belonging to
his deposits, would seem to expect little more for dis-
counting than a fair guarantee commission for the
credit he might advance, and for the risk he had to
run—his deposits would be a source of double in-

tome.
To those who had no occasion to raise money upon
such property the inducement of a moderate additional
profit by discounting, would offer an easy and safe
field for the employment of capital.
This is my idea of a system fitted to accommodate
the wants of commerce, at once secure, expansive,
abundant, and cheap.
Having trespassed so far upon your valuable space,
I will not presume at present to go farther into detail.
I am, Sir, &c.
RICHARD WADESON CARTER.
Kirk Andreas, Isle of Man, Jan. 9, 1844.

SIR. H. POTTINGER AND THE
AMEERS OF SINDE.
TO THE EDITOR OF THE SUN.

Sin,—Circumstances over which I had no control have
prevented me from seeing or noticing, sooner, the corre-
spondence and remarks arising out of a letter said to be
written by Sir Henry Pottinger; and published in the
Morning Chronicle of the Bth instant. The last mail
brought me two letters from Sir Henry, but there is no-
thing, either in them or my former letters, which enables
me to deny or admit the authenticity of the letter so
published, as they make no allusion to it whatever.
I must be permitted to add, with reference to one
letter published by you, that any one who can imagine
that, under any circumstances, Sir Henry Pottinger
eould proclaim a falsehood, proclaims himself utterly ig-
norant of the truth, honour, and integrity of my brother,
and has, in consequence, imagined that which must
prove destitute of foundation.—l have the honour to re-
main, your most obedient servant,
WILLIAM POTTINGER.
Major, 6th Royal Regiment.
Stockport Barracks, Cheshire, Jan. 25, 1844.

SAVINGS' BANKS.
TO THE EDITOR OF THE SUN.

Siit,—A mis-statement, either ignorantly or wilfully,
is put forth at this time connected with banks for sav-
ings. There has been during the last year an increase
in the amount of deposits over the preceeding year ; and
it is made to appear as the best proof of a better condi-
tion in the working classes. That there is a partial
improvement among those classes must be evident, but
it is not of such a nature as to admit of their saving and
investing in a public Institution—'tis out of the question.
The increase in amount of deposits is no criterion ;
the description of depositors can only be fairly looked
at. Increase in amount of deposits over the prior year
arises from the fact of other individuals than working
pe6ple investing their money for themselves, their chil-
dren, and as trustees for so and so. And this is done
because those individuals obtain a better rate of inte-
rest than what is given in the regular banks.
The truth should appear to the public.
I am, Sir, your obedient servant,
A MANAGER

San. 29, 1844.

TO THE EDITOR OF THE SUN.
Sin—l shall feel obliged to any of your readers
learned in constitutional law, who will resolve an im-
portant problem, viz.,
Whether, in the event of Mr. O'Connell and his " co-
seditionists" (to use the modest language of the Times),
being convicted, Sir Robert Peel and Sir James Graham
are not liable to be impeached for enormous dereliction
of official duty ?
The reason for adopting the affirmative of the propo-
sition is simple. If the assembling a " monster meet-
ink," and addressing them in the language Mr. O'Con-
nell has invariably adopted, be an offence against the
Ctown,the Constitution, and the security of the common-
wealth, it was as much an offence at first as at last, and
Ministers, who suffered scores of these acts to be accom-
plished without interference, assuredly deserve impeach-
ment as richly as ever public officers have done since the
days of Alfred.

What should we say, if the Home Secretary, knowing
that A.B. had in January, murdered C.D., should take
no steps to apprehend him, but leave him to slaughter
EIF. in February, G.H. in March, I.J. in April, and so
on to the end of the alphabet and year, and should in
the last month of it become awake to the propriety of
stopping the murderer's career? Should we not have a
cry through the length and breadth of the land, for the
impeachment of such a Minister?
'Either Mr. O'Connell ought to be acquitted, and the
Ministry kicked out for fools —or condemned, and Mi-
nisters Impeached for gross neglect of duty.
PITILO-JUSTITI/E.

A REVERSE OF FORTUNE.
On 'riday last, at the sale-rooms of Messrs. Oxenham
in Oxford-street, amongst other property disposed of,
were six lots, three of which consisted of female wear-
ing apparel, dresses, lace of a costly description, ri-
bands, &c., the trunks in which they had been packed,
and several sets of artificial teeth mounted with gold.
The other three lots were—a lady's gold watch, with
jewelled movements, a massive neck-chain, with run-
ners, three seals, and a key, all gold, a pair of spec-
tacles, and an eye-glass, several finger-rings set with
pearls, diamonds, &c.; a pair of pearl earrings, brooches,
and other articles of jewellery, all mounted in gold.
These lots created some interest, on account of it being
stated that they were the property of a female pauper
who had recently died in St. James's workhouse. It
should be mentioned, that instead of a maker's name on
thewatch there was engraved the name of Harriet Blake,
and on one of the seals was cut the word " Harriet;"

and another bore the motto, " True to her Trust."
Some remarks were made upon the extraordinary cir-
cumstance of a person possessed of so much property as
this being the inmate of a workhouse, enduring all the
privations and misery of such an establishment, but the
following explanation was given. About three years
ago, an elderly lady put up at an hotel at the west-end
of the town, and upon her exhibiting unequivocal symp-
toms of insanity, application was made to the parish
officers, and she was removed to the workhouse. No in-
formation could be obtained from her, except that her
maiden name was Harriet Blake, and that she had been
married to a Mr. C—, who was at one time Mayor of
Bristol, and who died shortly after the marriage, leav-
ing her, as was supposed, an annuity, which, however,
had never been traced. The unfortunate lady was af-
terwards sent to Bethlehem Hospital, where she passed
a year. From thence she was removed to Hanwell,
where she died. She was apparently about 70 years of
age at the time of her death. The proceeds of the pro-
perty are to be applied in defraying some portion of
the expenses to which the parish had been subjected, by
taking charge of the unfortunate deceased. In this sad
reverse of fortune, it was stid that the sister of the de-
ceased had been a sharer, she being at present an inmate
of St. Martin's workhouse, and as ignorant of the where-
abouts of the deceased's annuity as everybody else ap-
pears to have been. •

Pugilistic contests between Horridge and Jemmy
from Town, Tom-the Greek, and Simmonds, near Birming-
ham ; M‘Phee and M'Kenna, near Glasgow, will be re--
ported in Bell's Life in London, of Monday, Feb. 4. The
memorial relating to Qui Tam actions regarding horse-
racing, coursing, and other manly sports, was given at length
in Bell's. Life of Sunday.last, Jan. 28.
LONDON NEWSPAPERS —The increase within the
last ten years in-the number of newspapers published in
London has been so great as almost to exceed belief.
The weekly average of the number dispatched by the
mails to the provinces was, in December, 1833, 200,00 n
—in the present month it exceeds 470,000. The news-
papers, too, have so increased in size that, while at the
former' period the weight per week was about nine tons,_
it now exceeds forty tons. But within the same week
a great disproportion exists, the papers published on
Saturday much exceeding those published on any other
day: The weight of newspapers now passing by the
mails on every Saturday night is not less than eleven tons.