The Sun.
London, England, 1818-04-23 00:00:00

COUNTRY BANKS.

The' Bill now before the House of Commons,
for Regulating she Issue of --Sinikll,• -Notes. by
Bankers.-is a measure of-very great importance to
the Public, --by securing to them a perfectly good .
Paper Currency. At the same time; that every,
possible care is taken for the security of the Pub.-
lie, the effect of-the Bill, as regards the Banker,
and the disadvantages to the -Public, should be
taken into-consideration.. Looking at the neces-,
sary and unavoidable expences of issuing
.Notes
tinder this Kill, consisting of swops, paper, print
intr. •7eaving, -piemium of Exchequer
charges by tlie•Comuusstu..,,..,
expenees, -and iu .case of the.lodgment of Stock,
the risk of fluctuation in price:; and comparing the
total amount of these7with_ the present small rate
of interest upon 'Exchequer Bills- (three pounds
and ten-pence per cent. per annum),,we„may very
much doti,ht! whetherlt. will be worth the notice of
Banlers-to issue•small- Notes, and.whether it.will
'riot cause :the whole circulatiou of small Notes to
be withdrawn, which, may be attended with :se;.
dons' inconvenience to the Public, and.consitlera-
ble loss to the. Revenue.

• Supposing it not to have the effect of with-
drawing the• whole circulation of- Bankers' small
Notes, the Bill is calculated to have the effect .Of
causing a number of ,Bankers to decline business,
by which a considerable issue of Local. Notes will
be withdrawn from:circulation, -and will thereby
cattle a considerably increased cirettlatii-to of Bank
of England• Notes in the Manufacturing Districts,
a circumstance that will in all probability have, a
teritiency to excite the more frequent commission
of the crime of -forgery, already extended to a most
alarming and f lamentable •degree. .As.the.Bili at
present stands,- there -are several parts of it.eX-
tremely objectionable. The: Banker must make
hii'lodgmeot either in Stock, Exchequer or Tree-
bury Bids., Stipp.tse he does not choose. to become
a Stock-holder, because be thereby puts his pro-
perty to risk by the.fluctuationof•the Fonds, .and
there is tint a sufficiency .of Treasury and 'fixate-
quer-- B Its in the market to cover.the-w bole :issue
of Kinker,' small., Notes in the; kingd.un, and
Other purposes; for 'which floating securities are
wanted,--r‘what must he. do %. He is compelled ei!-•
Hitler to put his property-to risk of loss, contrary
to his ,
-
judgment, • by.the finctuation.of the Foods,
or to give up his ttade.. If, from any stitWo and
onforeseetr applications for the. payment of Notes,
-the Commissioners dispose of .the Exchequerßills.,
be--longing to a Batik-er, 'which, he has been.ob-•,
ligeti -to purchase- at .a, high rate of premium, and
-he is afterwardsi upon wishing to issue the usual
quantity of- Notes, obliged to purchase Exchequer"
Bills, at-a considerably higher premium than. the
Commissioners- suld.for, the whole emoltnent.
-which he has -a possibility of: inakiug by the issue
of 'Notes may be- lostby -such-,fluctuation; and the
destroetion, of tlie stamps, without
.anylnisnot-.
nagentcht on this part.i. The. power. of protesting,
-Notes which are so fully secured will be a hard.
measure upon the estates of Bankers who may no-,
'fortunately become Bankrupt or stop payment.!--.
• NAThere is the necessity.or.pnt.ting it io the power
'(if any shabby Notary to go down iuto.the cowl
-try; for the purpose of protesting -itundreds or.
thousathls of Notes, at the expence of eight to ten:
• 'shillings tipOn each note, . when: 'the poblie.fire
fully secured d Sonic .other means should, be
..adOpted-of- enabling-Atte Commissioners topay the
t Not es•without. protesting.... No doubt the
.gene-',
cal islan niait. be carried into .effect,.but it will:re-
quire great; caution not to affect the public credit.

exaggeration, antis capable of conveying antitn•
portaut lesson to mnthers
" In spite of Latira's .determination, to hate
every thing and body in .this eslcsblishment,
rounded by the magic circle of Ottery,...accorn-
pliOntents, beauty, and high sounding titles, she
soon became not only reconciled, but pleased.
Signor Barrini assured her she had the most beau-..
OM hand in the world ; and that when.the piano
was touched by the rosy tips of her lovely fingers,
its sound became divine. Signora Squalini pro-
tested, that her voice was harmony i self ; that
such a voice from such a;) angel. mouth, and aided
by the proper use of such intelligent .eyes,' (iii •
which she would direct her,) would.charm all. ,
hearts, and fascinate all ears : site would rival.
even Lady Bab CrOtehet herself! Monsieur Santir
declared, with all the grimace of a French dancing-
master, she had les plus joll pieds clins la monde,
et fait les leas ocec beau Coup de grace. On,. she
was tres charmante, ties ainuilde, and would soon
surpass. any other pupil he ever had. Olt, he ex-:
claimed, vOIIS thinsez CoMme uni..(idge ! We are not
quite sure that angels dance , lint Monsieur
Sautir thought it an angelic acquirement
" Alas! Laura, what is become of all the bumf
iity and self-abasement your, ood frientl,, Lady
Frances Ross, strove so indelatigably. to inspire.
yon with ? What is become of your loVe of useful.
active emplpymenti; your studious apOication to
the best of studies--your bible, history, and the
best of poets ? all, all forgotten I—or only re-
membered long &nour:,l; to :draw "a bluish' across'
your still ingenuous countenance !"

• We mutt .vckin recommend this Novei to the
notice of our • Readers, particularly • our ,Fair
Readers, who will be amused, into CORRECTIONI
by a Work interesting. sis well as moral, and
culcating.the best sentiments and habits.