The Sun.
London, England, 1829-12-14 00:00:00

BANK OF F,NGLAN

We find it a frequent subject of remark among
pet-sous wlro are in the habit of ieterely watching
!!te Item of NlTiti,s in the money-market, that there
is an evident tendency in the management of the
dt4c of England, and has been so for some time
Priest, to extend the action of that great establish-
is-lent, in a degree calculated materially to increase
its power, and fraught, perhaps, at some distant
Tier,' 1 with danger to the country itelf. As this is
a subject of the very highest importance, we shall
endeavour to analyze the facts and arguments by
which this opinion is supported, premising only that
they are to be taken throughout as the sentiments
of a class possessing some weight in the city, of
which we aim merely at being the faithful reporter.
It is maintained, then, that the disposition of the
sank of England to go out of its proper limits, is
to be trared in its commencement to a period soon
after ,he panic of 1825, which brought odium on
the whole system of private banking, but partiett-
larlp that of the country beakers, the public feeling
respecting whom was even supported by distinct
declarations on the part of the Ministers of the day.
Of this opprobrium the Bank directors, who at
that time possessed influence over" its manage-
ment, are charged with having artfully
taken advantage, although they contrived in
appeetPatce to adopt every measure suggest-
ed to them by their masters with reluctanee,
and as if desirous only to lend their aid in prevent-
ing the recurrence of similar periods of disaster.--
Hence originated the branch banks in the country.
which are now spreading silently, as it were, and
almost by imperceptible degrees, nearly over the
whole of the kingdom. The directors, however,
took care to divert public attention from the pro-
gress making, and never lost an opportunity of pro-
te-tieg, at their quarterly meetings of proprietors,
that they had instituted these branches at the ex-
press desire of the Government, with a positive
loss to themselves. A circumstance, however,
shortly afterwards occurred, to hich spread much
suspicion respecting the real views of the directors;
we allude to the famous " circular," in which opi-
nions were solicited from intelligent bankers and
merchants throughout the kingdom, on the expedi-,
ency of gradually substituting
,bank-notes for the
local paper circulated in the various district-, by
making the country bankers, in fact, agents for the
distribution of the former; and an attempt was
made at the same time to prove that they would be
in most instances gainers by the change, and would
also be secured from such convulsions as had re-
cently occurred. This document was attributed
at the time to the gentleman who is now the De-
puty Governor of the Bank, whose influence is
now paramount in its affairs, and was very consi-
derable long before he came into office. His
opinions were, probably,—indeed there can be
no doubt that such is the case,—adopted on
the most perfect conviction. Those who impugn
the management of the Bank do not deny this;
but they maintain at the same time that they
form the basis of the present management ; that
they are mixed up with ambitious views; and that
they have a tendency to increase the power of the
Eavk beyond the bound.; of safety to the country.
he7pcogreas, they contend, is certain, though slow,
art: is to be regarded on that account as the more
dangerous. '1 he lending at three per cent. on Ex-
Olt-quer-Mk in June last ; the extension of the same
atsvommodation to India Bonds and bills of ex-
change, lately adopted, though only for a limited
period ; the gradual formation of additional branch
barks; and, finally, the measures now supposed to
be under discussion with regard to the country cir-
culation, are all pointed to as proofs that the po-
licy of the Bank is steadily directed to a great in-
crease of its importance. The Directors are
charged also with doing this with the view of make
ire; the establishment so sitally necessary to the
country, at the time that its present charter is
about to expire, that it will be entirely out of the
power of the Ministers of the day to refuse them a
continuance of their monopoly on whatever terms
may be dictated.
This is one of the apprehended evils of the pre-
sent course taking by the Bank of England; but
the far greater danger, to which the fears of those
pet-ions whose opinions we are quoting point, is the
possibility of such an enormous issue of Bank paper,
compared with the security which the Bank, as a
corporation,*bas to offer for its payment, that a mo-
nied convulsion may occur at some future time, to
which all that have preceded it are in the comparison
harmless.

This is the substance of observations lately to lu
met with in the city ; and it must be confessed, with
every allowance for h strong prejudice against the
Bank itself which prevails in every other part of the
monied interest, that the subject is well xvorthy of
having the general attention called to it. —Tinics.

THEATRICAL ACCOMMODATION.—A sys-
tem is now gain;ng ground which s*rongly reminds us
the imaginary correspondence between the prompters of
the Antipodean theatres. It argues a poverty of talent
on the one hand, and a wish to accommodate on the other.
The manager of one theatre writes to a rival king of
Brentford, " My dear E., can you possibly oblige me with
the use of Miss --, on Thursday night?" Now E.
finding that he can dispense with said lady for pint of the
evening, and that lie can save part of the salary, acts on
the prudent principle of keeping no more cats than will
catch mice, and replies—" My dear C , I require
Miss L. myself in the early part of the evening; but as she
will only be required in one act, she will not be too much
exhausted to suit your purpose in the latter part of the
evening. She is therefore at your service, if you and she
can agree as to terms. By the bye, I want a snow storm
for Monday, and amour machine is out of order, pray send
ute your's." In illustration of this, we may mention th it
RATNER. lately played a week at the Pavilion. T. P.
Cooka is now doing double duty, between the Surrey and
Covent-garden. Wit,Liams ditto, at the Surrey and Tot-
tenham-street; while the fascinating syren WayLerr
lends a helping band for RAYNER'S benefit at the Surrey.
Doubtless the per ,fsignera find their profit in this.
Died, on Tfiu rsd a y morning, suddenly, at
Cranbury-house, having been found dead in his bed,
Wai. CHAMBERLAYNE, Esq., Member for the town of
Southampton. His large pussession., including the Netley
Abbey property, which fell to him on the demise of the
late Lady (Dame) HOLLAND, will devolve to his only
sister, and eventually to a nephew. To a mind stored
with the richest vein of classic lore, was added a moat
correct and elegant taste for the arts. He was a speaker
of the first-rate talent, though he never took part in the
debates in the House of Commons. Those who heard
him on the hustings at the Southampton contested elec-
tion, will remember the effect of his oratory. At this
election he contested the point with the present Sir GEORGE
RosE, and carried his return by a majority of one only..
He had for some years previously sat in Parliament for
Christchurch, through the indulgence of the late Right
Hon. GEORGE ROSE, with whom, however, he had some
political difference, which impelled him to oppose his son
for Southampton. In consequence of the demise of Mr.
CHAMBERLATNE, JOHN STORY PENLEAZE, Esq., and J.
BAB.Low HOY, Esq., of Midenburv, have offered them-
selves to the electors as candidates for the representation of
this town in Parliament.

As the Rev. Dr. JoSEPII MUNOZ DE STO-
31AyoK was passing along the City-road, on Saturday. he
was suddenly seized with a paralytic fit. He fell on his
face, and received a severe bruise on his left eye; he was,
fortunately, not deprived of his senses, but be has en-
tirely lost the use of his legs. Some persons passing at
the time assisted him to a neighbouring house, from
whence he was conveyed to his own residence, 24, Whit-
more-road, Buxton. The Rev. Gentleman, we under-
stand, has had, within the last six weeks, two fits of apo-
plexy, of the kind called apoplexia mentalis. In the
opinion of the medical men who have attenie,: him, his
disease is entirely to be attributed to the change ic. his man-
ner of living, and the distressed situation to he has
been reduced—from a rich Spanish Abad, or Rector, to
an emigrant, depending for existence upon the bounty of
the English Government, from whom he receives fifteen
shillings a week. Dr. Murroz is known, we understand,
to several of the dignitaries of our Church, by whom he
is highly respected for his piety, the liberality of his sen-
timents, and, Ma extensive erudition. During the Spanish
war of in*, otitionee,this whole income, .said to have been
equal to 10,0001. yeaertta this country, was frequently;
for mouths together, expeidul in hospitality to the British
SNP,
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INCICES OF STOCIES THIS
II trtk 'itnck
3 per Cent. Red. 933.4 VI%
3 p ,r t cnt Cons, shut
31,4 per Cent
Ditt ‘ He!. 99143 b
1 per Cent. Ann
Ditto, In 6 —
Ditto Scrip —
13 mk 1,. Ann.
Ditto 30 years
India Stock shut
Ditto Brands 7O pm.

PRICES OF FOREIGN FUNDS THIS DAT AT ONE O'CLOCK.
Austrian Bonds
Brazilian Bonds 67 614 7 ,Pertiviaii Bonds 161,!
Buenos Ayres Bonds —'Portuguese Bonds
Chilian Bonds 26% Prussian, Old
Colombian Bonds
Ditto, 1824 23 2%34 Russian '—
Danish 131.4 Spanish, 1821 10iilli
Greek Bonds — --- 1823 —
Ditto, 1825 2B IA 7 French Rentes, sp. c. —f. —c.
G uatimala — Exchange ...... —f. —l-.
I'doxican Bonds — 3 per cent. —l. —c.
Ditto, 1825 25 Exchange —f. —e.

PRICES OF SHARES THIS DAY AY ONE O'CLOCK.
Paid. Per Share.
Anglo Mex. Min. Co. (iss. at 5/. pm.) £lOO 39 40
Brazilian Imp. Mm. Co. (iss. at 51. pm.) £2O 71% 75
Ditto National lO 17 16N
Columbian Mining Co. (iss. at 51. pm.) £33 7%
Real del Monte Mining Co. £loo -
Ditto Scrip.
United Max. Min. Co. (iss. at 2.1 . pm.) £39 18% 18
Alliance Marine Insurance Comp 5 5%
United General Gas Co

PRICES OF IRISH s7O(
Rank Stock
Consols, 3 per cent.
Gor. Stock, 3,4 per cent 99%
Ditto, New
t per Cent lOll
Gov. Deb. 3 per cent 9SN,
Royal Canal StocK
Grand Canal Stock
-
Cit♦ Deb. 4 per cent
Ftallast Office Deb. 4 p.'c

FOREIGN EXCHANGES ON LONDON.
HAMBURG, DEC. 8.-13. 1314.—Tw0 months, 13. 11•},x.
BERLIN, Mc:. s.—Three months, 6 29%.
BREMEN, DEc..l.—Two months, 622.
ST. I'ntERSBURMI, Nov. 27.—Three months, 10 7-16.
AMSTERDAM, DEC. 11.-12. 20.—Two months-12. 15.