The Sun.
London, England, 1826-02-08 00:00:00

fit ENCII l'A PE

(From the Eloik, dated Iftonday, Feb. 6.)
P ara,, Frr,, b.—No letters from .Vienna speak
of the intended journey of tlte Emperor of
Stria to Italy for the recovery of his health, with
which the Courier Prancdig entertained Us. Iferej
then, is one cause of uneasiness less, which these
sincere friends of public order lose.
Several Jottrnals state that Count flttillemittot
returns to Paris, on account of the formation of
the Chamber of Peers into a Court of Peers, on
the 15th February: It is easy to judge that
Count Guilleminot cannot yet have learned the
decision of the Royal Tribunal, and that all the'
Journals say on this subject is without rumple'.
tints.
,ptint A ppeney, Austrian .Ambassador to the'
Court of, France, has arrived tp•duy at Paris.
Prince rfarlschkin, High Chamberlain of tires
Emperor of li.uSsia, died the day before yester-
day of dropsy/
News has been brotigla by the Russian mail
Iron, Constantinople, which generally leaves that
city three days later than the Austrian courier;
and which has brought letters Of January 7, that
on the 3d• of the month, a tire broke out in the
suburb of Galata, which is partly inhabited by
Christians. 'this fire Is ascribed to: the J
series, and 1,000 shops- and .1,50 U houses were
reduced to ashes: Some letters estintate the.losi
to the Uhriatians at 15,000,900 of piasters.
The news of the renunciation of Constantine,
arid of the accession of the Emperor Nicholas to
tke throne, bad been received at Constantinople
by way of Odessa, but it is riot said what effect
it had produced.
A letter from Portwiti-Prince, of 12th Dec..
brought by the Albinos of Bordeaux, 'which ar.
rived at Havre, announces that when that ves.
*el sailed, there were twelve merchantmen in that
port, where there was such an abundatice of
goods, that certain articles were sold cheaper
than in France. Every thing was tranquil in the
island, and the% arrangement Concluded with
France appeared to give general satisfaction.
FrQin the Comblytionuel of 6isnitoy..) •
Au usat JAN. letter from Poland
affirms that the Emperor Alexander,,en his late
tour in the south, had discovered in the second
army traces of the conspiracy which broke out
December 26th,, at St. Petersbnrgh ; that he
wrote about it to Count Arakoscheieff,
ing
'strict' secrecy• till his return? when it would
he time to take decisive, measures. It is'
probable that this secret was coinmunicaled to
the new government after Alexander's deathi
but that the young Emperor could not hallow:,
the depth of the evil or foresee its so speedy
explosion. The principal motive of the con%pi,•
racy was ambition. The young officers of 'the
Southern army, who had been with the. army of
occupation in France, all wished for war, to ob-i •
tain promotion and honours. A Colonel, of a
Very great family, had with this view composed;
printed, and distributed, a Catechism for the use
of the soldiers.. All had been long Prepared. The
conspirators had in the ranks none butt Russians,'
not, a single foreigner. . This is proved by the
papers found at Prince Trubetskni's, and by his
own declaration in an investigation of four hours,
in the kirtyperor's Cabinet. All the assassins. were
officers in disguise. As far as may be conjectured
from the cries about constitution, it is probable
that these wretches wished to build their power`
on the ruins of the throne. It is notorious, that
by assembling in the square of the Senate-house,
they intended An force the.senators to adhere to
their plan of constitution (whatever it'was) which
they hart really drawn up. It is to be observed,
that the conspirators were all military; and that
among those arrested in the night of the With,'
there was only Counsellor of State. •

There has appeared in the. Con.titutionnel
newspaper a letter from the widow and children
of the celebrated painter DAVlD;addressed to
M. de VILLELE, requesting permission to trans•
port the remains of their relative from Bruasele
to Paris for interment in Pere La Chaiye. it is
well known that on the second return of the
Bourbons, M. David was exiled from France as
a Member of the Convention which condemed
Louis XVI. to death. lie continued afterwards
to reside and to paint at Brus.4els till the day of
his death, which took place a week Or two ago.
O'n the occurrence of that event, it might have,
been supposed tha,t all hostility against him had,
CPR sod, that the term of his exile had expired
with his life, that his political crimes had been
expiated, without any posthumous proscription,
and, in short, that when called to account before
another tribunal3 the regicide had been forgotten
in the 'Hunter. This, haVtlfeer, Was 110 t the
Opittioll of' the Court of France. M. de Villelo
weq, therefore, obliged to answer the earnest
solicitations of his affected family by refusing
permission to jitter his remains in the soil of
France. Thus M. David's sentence extend
beyond the grave. •

in.many parts of the kingdom the ladies have
resolved to make silk a considerable portion of
thelr dress, with the traiseooithy rdotivta of
all")rding reliff to a class %illicit is at this time

hufferi ti uttder great depriv,ttionN. Tiie Judi .n
of this- catility, ever sew!, to sYnillithiLt? with
mill, by iticre;iging rht4.itellViftd, rernovt the great
"

PARLIAMENT,

HOUSE OF,LORDq, Pro. 7.

The Bishop of CHESTER presented a petition from the
Milk Weavers, Dyers, and others, of Macclesfield, praying
for relief.
On the motion of the Earl of SU APTESIIU nv, It was or-
deed that the Rouse shall , not receive any petition on private
sills after the 313th of March, nor any report from the Judges
on petitions fa private Bills after the 7th of April. -
A, person from the Treasury presented copies of the Corre-
spondence since the Ist of -January last, between the First
Lord of the Treasury and the Chancellor of the Exchequer,
sold the,Oovernor and Deputy-Uovernor of the Bank, on the
subject of the Bank Charter.
The names of the PecrS who are to sit and hear Appears dur-
ing the Session were drawn by ballot.

MR .COWPEn.
The Earl of LIVERPOOL, pursuant to his notice rose to
call their attention to a motion founded on the letter of Mr.
Cowper,• which he read yestirday. Ile had the eatisfaction of
feeling that the motion with which he should conclude was
.one which would meet with no opposition from any mem-
ber of their Lordships' htufse. Their Lordships had heard the
letter of Mr. Cowper read, and they knew how that gentleman
had discharged his duty ; he might *ay the important official
dudes, which he had executed for rtpetiod of 41 years. There
was no instance of any individual in office having discharged
his duty with more diligence, assiduity, and integrity than Mr.
Cowper had shown in doing the business of that 'louse. The
situation was important in various respects. It was necessary
that the person who occupied the situation which Mr. Cowper
had held, should be well acqUainted with the eourse and forma
of the judicial proceedings. The, office was also very import-
ant from its connexion with the forms and regulations or the
House. This was a kind of knowledge which could only be
ocquired'by experience, and it was no disgrace to any one who
pat on the woolsack to say that he might. be assiitted by Mr.
Cowper with respect to the forms of the House. No one better
knew than the individual of whom he was speaking what was
due to the dignity of the HOiltie and m the right maintenance or
its orders. Resides, his 'duty wits always discharged With so
much propriety and urbanity, that during the long period in
which he served his office, no 'one he believed, had ever had
occasion to complain of his conduct. For his own part he
could speak to a period of :10 years, and he never recollected
any instance in which he had given °Mince. With respect to'
the situation of assistant clerk, regulations Were made some
"ears ago. Mr. Cowper then intimated that he was williog to
submit to any regulations which might be thought proper to
be made. Ile described the nature of the dottea he had to
perforni, and left the whole question to those to whom the con-
sideration of the regulations were referred, declaring that he
would be perfectly satisfied with ,any arrangement which might
be made. The late Earl of ltosslyn, when Chancellor, recent-
. mended that a pension of 1,000/. per annum should be
granted •to the clerk on retiring from office, and that re-
commendation was adopted. Mr. Cowper then stated, that
if nothing t'urther should be granted to him, he wiculd
be perfectly satisfied. Their Lordships, however, would
not Avail themselves of this readiness ,to wave any future
.claim, nor be guided by any such consideration when they
took a view of the circumstances of the case. They had sonic
years ego turned their attention to what was due to the Gen-
tlemen sitting at the table of the House. 'they had now to
take into their consideration a case of retirement, and he was
.convinced they would willingly concur in doing what was not
an act of liberality bin of justice.. lie concluded by moving
a resolution to thus effect :—" That this House receives with
sincere concern the resignation of Henry Co4vper, Esq.. on
account of his health, and think it right to record the juin
sense they entertain of the seal, ability, dilligence, and inte-
grity, with which he executed the important duties of Its office
during a period of more than 40 years. Also that a humble
Address be presented to the King, laying before his Majesty a
copy of the letter of the said ilanry Cowper, Fa4q., marl likewise
the ,resolution of, the House respecting that Gentleman, and
recommending him to his Majesty's 'loyal grace and bounty.
Lord ELIJENIIOII.OII6II had no objection Lo the sub-
stance of oho, resolution ; but the wording of it was is proof
that Mr. Cowper. was absent : if he had been there, it would
mot have been drawn up in such liaise and ungrammatical
langintge,
The trurl of LIVERPOOL was aware that the resolution
was not grammatically correct; but the ItalgUage Was con-
forMable to the usage of Parliament.
!rite resolution was agreed to, and time House adjourned to
Thursday.

and unfit for service. Be (Sir Isaac Coffin), however, did not

believe a Word that he Paid.
Mr. HUME thought the Gallant Admiral's decision a hasty
one. This fact, at least, as regarded the state of the navy, was
clear—morel money had been voted for repairing ships since
the close of the war, than would pay for all the ships at present

in the service.
Mr. CROICER said, that the petition was unworthy of any
attention at all. The House would have more than enough to
do, if they inquired into every wonder which the disordered
imagination of an individual might suggest. He (the lion.
Secretary) had reedited such commuldeutions from Mr. Bur-
ridge as, if they were seen by the House,would convince every
one that he was utterly unworthy of notice.. For himself he
could state, and be did it without tear of contradiction; that the
navy of England had never been in a sounder or more efficient
condition than it was at the present moment. The allegations
of the petitititier seemed to hum to be perfectly insane..
Sir ISAAC COFFIN said, that Burridge had been
tormenting him, personally, for three years, And- telling him
that every ship in the navy was rotten. lie believed the state-
ment of the petitioner to be entirely false.. .
Mr. AiMMIII.7 moved for returns connected with the
transactions of the flank;, relative to the Alilitarrand Naval
Pensions. _ _

THE GUARDS.
Mr. HUME said, that he was desirous of extending his

motion for a return relative to certain troops of the Oxford
Blues, to the regiments of Chianti, horse and foot, gene-:

rally. He found that, by an exemption from the law laid
.down by the Acts, the 45th and 41Ith of the late King, there
was no audit fur the 'accounts of the several regiments of

,Guards of the Same character with that applied to the expendi
tore of the rest of the army. The commanders of the regi

menta handed their riecountit to the King, and the King
transmitted them to the Secretary at War ; but there was no
regular audit, anti the subject'was one of considerable im-
portence. It appeared that the average cost to the country,
men and officer!, in the bire Guards, was 741. per annum. In
the Horse Guards the charge was nearly equal. In the
Dragoon Guards the cost was about 561. So again, in the
Foot Otterds, the average Charge per man was 341.; and in re?
gitnents of the line only 311. lie himself thought that tide
difference of charge arose in some measure hom the absence of
the audit, and was desirous of hearing some explanation of it.
At all events the want of such a check left the system open to
suspicion ; and he could see no objection to placing the Guards
upon the same footing with all the °diet troops in the service.
fie could not see how the inequality between the number of
officers in full pay in these corps and the troops of the line could
be justified. During the war he was aware the forces were so
augniented that it was difficult, if not possible, to come at a
proper reduction at the peace, without placing te great number
of officers on half-pay. The proper economy fur Government
to !pursue was, to MI vacancies for the supernumerary lists. Ile
was sorry to say that not only that was not done, but while
many officers of reduced troops had retired on their full pay,
new, ones were actually introduced to fill vacancies, thereby'
greatly swelling the expenditure of the establishroetit, end most
unfairly passing over the supernumerary officers on the list of
half-pay. It appeared that in 11114 two troops of the Oxford
Blues were reduced, the men were discharged, the officers
kept on full pay. He was no aware of any -reason which
could be given why such heavy expellees should be incurred
for the officers, wliile the men were dismissed without cere-
mony. It' the accounts which he was about to move for were
.produced , theywould see what new promotions had taken piece,
and the House might, by applying to the Noble War-Secretary
obtain explanation on any particular cases. lie had extended
his motion to the Life Guards and to the Foet Guards, and he
hoped that there would be no objection made to it on that ac-
count. He mentioned the appointment of two new officers,
who luarsucceeded other two men retiring, and who had conic
in without purchasing, while there were thousands of officers
unemployed on the half-pay list. Gentlemen on the other side
might think that 7s. or His. a-day was not much for an officer
and his family. But then it must be recollected that there
were thousands aupon thousands of poor females among the
operative classes who had not so much as 7s. a-week to live
on for the year 'round ; so that PO exertion of Government
should remain untried to effect every possible reduction. He
complained of
,these regiments of military being without any
adequate cheek or contronl as to their accounts. Now it was
indispensably necessary that every branch of the public ser-
vice should be equally watched and checked as to their eipen.
dime; and there was 110 reason why the Noble Lord should
not have cognizance of the aceounts of those regiments, the
same as he had of the regiments of the line. The returns
' being before them, die House might adopt suitable proceed-
ings ; in the mean time he ventured to vouch for a rims facie
case appealing on the
.papers which would call for the. inter-
ference of the House. He then Moved for returns of the officers
retired on full pay %ince stile reduction of two troops of the
Oxford Blues, in Ifilli; likewise of the va9ncies which had
-oacurred during the same time in the rentaiiiing troops ; and of
the number of new. appointments and of the officers remaining
at the time on foll pay, The lion. Gentleman moved for
similar returns of the Life and Foot Guards.
Lord PALIiaIItSTON said that there could be no objection
made on his part to the production of the papers ; and he as-
sured the House, Moreover, of the readiness of his Majesty's
Government to give every degree of explanation witithin their
pewer. He had only one remark to make on the form of the
lion. Gentleman's motion. The node° was confined to the
Dines—he had extended it to the Foot and Life Guards. This
was not the usual course of di.* proceedings • anti the House
from a sense of public convenience, had established the rule of
requiring Members to • limit their motions to the terms of the
notices given. As to the objections taken by the Honourable
Gentleman to the diffbrenee between the' establishments of the
gem& and those: of the horse 'and infantry of the line, the
question had been frequently anti fully discussed in that
House, and be wdrild not now buffer himself to be drawn into
it. Whether wright or wrong abstractedly, Government had
determined, and parliament had repeatedly concurred in the
propriety of keeping the two kinds of force, the guards and
the regiments of the-line, on a different footing, As to the
accounts of the regiments of foot and horse-guards, though they.
did not come before his office in the same Aimee and with the
same details, at, did the accounts of the other forces, it was a
mistake to suppose that they did• not rendyr any accounts, or
that there was ups possibility of the public money being %Mita.
There were sufficient and satisfactory guarantees for the conduct
of these regiments, and it was absolutely impossible thutany
er,ocofti. !bet:
rictt.iittiit
ait
t.tey h
~tyE,st
ne money yo
fs o
pay and other
of the
anted
txpenee
tel cover wow) in the regiments of gr 6
f horses, ityledrieomiwdl icetrroecls7eregtieiti
issues by order, of Parliament, With regard to the incident in
question, there were no takers ou half-pity when the two troops
of Blues were reduced. those who held promotions were
entitle to sell out on retiring. The only promotion of a new
officer was subsequently to the battle of NiiitterloO. A Major
fell in the action, and from the Kollar gallantry of this regie
anent on that eventful day, it was thought just and proper that
the whole line ot,officere should be ad viewed. This made way
for the promotion of one officer only ; anti when the. House was
told that be wits the brother of the brave auto who fell, and
that he had behaved equally well in the field, they would not
think the distinction was bestowed improperly..—(llear, heart)
With regard to (lithely new appointments in the Guards, it
would be-tbund that they were pages of the King, whose pri-
vilege it hati'constantly been, after a certain term of service, to
take the lint vacant ensigncy in the Foot, or the first cornetcy
in the horse Guar 'lie entire number was perfectly ineig-
Milt-ant ; but the papers would fully explain the circumstances
which lied led to every promotion. '
SUPPLY.

The CHANCELLOR of tho EXCHEQUER moved the
Order of the Day for' the Howie gqiog into 4 Connuittee of the'
whole House, on ttn►utiun for Supply.'
The King's Speech was referred to the same Committee.
The SPEAK t:it left the Chttcr--the Committee resolved pro
fbrma to grant supplies— the House molded—the Report was
I ordered to be received to,morrow•.—Adjourned. • .

The French emigrants are already beginning
to battle about their indemnity. A curious aa.e
in which one of them appears was brought before
a Paris Court on. Saturday inst. The litigants
were Conde de Prefet of the Drubs, stud
the Misrquis de Bridle's. The latter had an in-
demnity allowed hint to the amount of 115,000
franca, for confiscations made CM the estate of his
motherland the former demanded the sum as the
creditor or. the ;said. lady. The defence of the
Marquis was, that his mother had paid M. de
Milon. The receipts were at first missing, but
have" '811" the extraordinary demand of the
Prefet; been found, at least to the amount of
83,000 franca. The Prefet . has incurred great
odium for this donattml, which bus been charac•
terised as rapacious and dishonest by the counsel
of the Marquis. , A delay has been allowed, to
•prodace the oriOnal receipts.

CORRESPONDENCE with the BANK of ENGLAND.

COPIES of COBIMUITICTIONS between the First Lord of the
Treasury and the Chancellor of the Exchequer, and the Go-
vernor and Deputy-Governor of theiliank of England; relat-
ing to an Alteration in the,excluslve Privileges enjoyed' by
the Bunk of England.

Fife House, Jan. 13, MN.
Gentlemen—We have the honour of transmitting to yOu

ierewith a paper, containing our views upon' the present state

of the -Banking System of this Country, with our suggestions
thereupon ; which we request you will lay before the Court of
Directors of the Bank of England for their consideration.—
We havb the honour to be, Gentlemen, your obedient humble
seryanta,
(Signed) ' LIVER POOL
FREDERICK JOHN ROBINSON.
The Governor and Deputy Governor of
the 13ank of England.
'rite panic in the money market having subtilded, and the
pecuniary transactions of the country having reverted to their
accustomed course, it becomes important to lose no time in
considering whether any measures can be adopted to prevent
the recurrence in future of such evils as-we have recently ex-

perienced. -
However much the recent distress may have been aggra-
vated, in the judgment of some, by, incidental circumstances
and particular measures, there can be no doubt that the prin-
cipal source of it is to be found in the rash .spirit of specula-'
tion, which has pervaded the country for some thrie,'supported,
fostered, and encouraged by the Country Banks.
The remedy, therefore, for this evil, in future; must be found
in an improvement in the circuliition of country paper ;% and
the first measure which has suggested itself' 'to most of those
who !dive considered the subject, is a recurrence to a gold cir-
culation throughout the country, as well as in the metropolbr
and its neighbourhood, by a repeal of the Act which permits
country banks to issue one and two pound notes until the year
1833 ; and by the immediate enactment of 4 prohibition of any
such issues, at the expiration of two or three years from the

present period.
It appears to us to be quite clear that .uch a measure would
be productive of much good ; that it would. operate as some
check upon the spirit of speculation, and upon the issues of
country banks; and whilst, on the one hand, it would dimi-
nish the pressure upon the t3ank and the metropolis, incident
to an unfavourable stateof the .exchanges, by spreading it over
a wider surface ; on the other hand, it would cause such pres-
sureto be earlier felt, and thereby insure an earlier and more
general adoption of the precautionary measure.* necessary for
counteracting the inconveniences incident to an export of the
preciops metals. But though a recurrence to a gold circula-
tion in the country, for the reasons already stated, might be
productive of some good, it would by no means go to the root
of the evil.

V{'e have abundant proof' of the truth of this position, in the
events which took plate in the spring of 1793, when a convul.
sion occurred in the money transactions and circulation of the
country, more extensive than that which we have recently ex-
perienced. At that period nearly a hundred country banks
were obliged to stop payment, and rarliamant was induced to
grant an Issue of exchequer bills to relieve the distress. Vet,
in the year 1793, there were ne one or two pound notes in cir-
culation in England, either by country banks or by the Bank
of England.
We hive a fUrther proof of the truth of what has been ad-
vanced; in the. experience of Scotland, which escaped all the
convulsions which have occurred in the money market of Eng-
land for the last 36 years, though Scotland, during the whole
of that time, has bad a circulation of one_ pound notes; and the
small pecuniary transactions of that part of the United King-
dom, have been carried on exclusively by the means of such
notes.
The issue of small notes„ though it be an aggravation, cannot
therefore be the sole, or even the main cause of the evil in
Englund.
The failures whic.h have occurred in England, unaccompa-
nied as they have been by the 'tame occurrences in Scotland,
tend,to prove that thereemust 'have been an unsolid and delusive
system of banking in one part of Great Britain, and a solid and;
substantial one in other.
It would be entirely at variance with our deliberate opinion
not to do full justice to the Bank of England, as the great
centre orciretilation and etitnntercial credit.
We believe that muds of the prosperity-of the country for the
lust century, is to he, ascribed to the general wisdom, justice, and
fairneis of the dealings of the Bank ; and we further think, that
during a great part of that time it may have been, in itself and'
by itself, fully equal to all the important duties and operations
confided to it. But the progress a the country during the last
thirty or forty years, in every branch of industry, in agriculture,
Manufactures, commerce and navigation, has been 80 rapid
and extensive, as tq make it no refection upon the Bank of'
Eneland to say, that the instrument, which, by itself, was
Nify adequate to former transactions, Is no longer sufficient
without new aids, to meet the demands of the:present times.
We have, to a considerable degree, the proof of this position,
In the very establishment of so many country banks.
Within the metnoi;jeof many living, and even of some of those
tow engaged in public affairs there were no country banks, ex-
in a few of the great commercial towns.
The money transactions of the country were carried on by
supplies of cone and bank notes from London.
the extent of the business of the country, and the improve-
ment made from time to time in the mode of conducting our
increased commercial transactions, founded on pecuniary credit,
rendered such a system ne longer adequate, and country banks
must have arisen, as in fact they did arise, from the increased
wealth and new wants of the country.
The matter of regret is not diet 'country banks have beep.
suffered to exist, but that they have been suffered so long to,
exist without coatroul or limitation, or witheut the adoption of
provisions calculated to counteract. the evils resulting from. their
inumividence or, excess.
It would he vain to suppose that we could now, by any act
of the Legislature, extinsnish the existing country. banks, oven
it were desirable; but it may be within our power, gradually
at least, to establish a sound system of Banking throughotit the
country; and such a system Can be formed, there can-be
little doubt that it would ultimately extinguish and abiorb
that is ohjectioneble and dangerous in the present banking
establishments.
There appear to be two modes of attaining: hia Object le-.
Firet—That-the Bank ot' England slikiitid establish branches
ef its own bode in different parts of the country.
Secondly—That the Bank of England should give up its ex.
elusive privilege as to the number of penmen engaged in bank.
inn, except within a certain distance from the metropolis.
It has always appeared to us, that It would have been very'
desirable that the, Beek should heve tried the first of these
plans ; that of establishing branch banks, upon a limited scale.
But we are not nieensible to the difficultiee which would him
attended such an experiment, and we arc quite satisfied that it
would he impossible for the Bank, under present circumstances,
to carry into execution such a system, to the extent necessary
for _providing for the wants of the country.
There remains, therefore, only the other plan, the surrender
by the- Bank of their exclusive privilege, as to the number of
partners, beyond a certain distance from the metropolis.
The effect of such a measure would be the gradual establish-
ment of extensive and respectable banks in different parts oldie
country ; some, perhaps, with chartehi from the Crown, under
Certain qualifications, and some without.
• Here we huve again the advantage of the experience of Sane
'land. 4. •
In England. there arc said to he between eight and nine
hundred country banks; and is no exaggeration to suppose that
a great proportion of them have not been conducted with u due
attention nethose precautions which are necessary for the safety
of elllienking
establishments, even where their property is most
ample. When such banks *tope their creditors,may ultimately
be pelt' the whole of their demands, but the delay, and shock to
credit may, in the mean time, involve them in the same difli-
entty, and is always ueeded with the greatest injury mid lief.
feting in the districts where such stoppages occur. If this be
must ;it be when (as too often happens) they rest on no solid
the case where the solidty of the hank is unquestionable,' what
foundation,
In Scotland there are not more than thirty banka, and these
bunks have stood firm amidst all the convtileione in the money'
market, in England, and amidst all the distresses to which the
manufiteturing and agricultural interests in Scotland, as well
in Englund, have occasionally been subject.
Ihnike of this description must necessarily be conducted
upon the general understood anti approved pritaciples of
banking.
Indivldueli are, from the nature of the institutions,"pre.
eluded from *peculating in the manner in which persons en.
gaged in country, and even in London banks, speculate in
England. •
is to permit every description
If the concerns of the country he carried on without any
reason
efi
other hank than the Bank of England, there might be some
seeftorornothteiritwer,fearit npgreiewiiidt: their exclusive privilege; but
the
of banking, except that which is solid and secure.
Let the Bank of England rata on the dangers to which it
has been recently subject, and let its Directors and Proprietors
then say, whether, for their own interest, such an improvement'
us is suggested in the banking system, is not desirableetind even
necessary.
The Hank of England may perhaps propose, as they did,
upon a former occasion, the exteneion of the term of their ex-
,