Star.
London, England, 1825-12-14 00:00:00

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EVENING STAR.

LONDON.

WEDNESDAY, DECEMBER 14, 182.5.
:11TOCIE EXCHANGE, TWELVE O'CLOCK.
The tamest *limit and consternation prevails in the City, caused
Irides have of two more Banking. Houses, those of Evian",
WAixas, sod Co. 9, Mansion-HouseAtreet ; and Sixes, Seam,
and Cs. 714. d, Is the same street. On most of the Banks in the
CityitlBB pm is emeessive.
Coo* ipemmi this morning at for the Account, soon after
were door it A ; at Farm they ars at ale U.
A finer, his been announced in the &ock Exchange this morn-
ing—a Reolir of one of the banking-Houses which have failed.
Redwood Consols have been done from 75 to 77 for money; Three
and ti Half per Cents. 50 for money, which is a continuation from
Four to Five per Cent. for next Account ; little is doing in the
Market. AU are afraid of trusting each other, and several are
making up their Accounts.

In the Foreign Market little ur nothing is doing.
Current Prices I Brazilian Scrip 16e 17 disc. Colombian New
56 57, Mexican Six per Cents. S 6 SO, Danish Three per Cents. 66
Se, Greek Scrip 16, Old Spanish 14►

PRICK OF STOCKS AT FOUR O'CLOCK.
Bank Stock 1991,E 201% 196
3 per Cent. Ited. 78 751,E 791,E 78
3. per Cent. Cot* Shut. •
Si per Cent. 83
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Sper Cent. Red. 82 79% 851,E
4 per Cent. New Shut.
•
Long Ann. 19 181,4
India Bonds 40 55 30
£l,OOO Excheq. Bills 32 38 17 dis.
£5OO ditto 'lO 25 15 dis.
£lOO and £2OO ditto 20 5
Cons. for Account 8144 81 82 81% 821/2 817/8
TRENCH FUNDS. Pasts, DECILSI3III 19.
Five per Cents. . . . !SL
Three per Cents. . • • 61f. 70e.
Bank Stock . . 2073 f.
Rental de Naples • • • 75f. 30e.
Royal Spanish Loan, 1323 . . 495 f.
Haytian. Loan .. • . 300 f.

FOREIGN FUNDS, TWO O'CLOCK.
Austrian Ws 5 p Ct llex. Scrip,
Ditto Acct. Neapolitan BnnJs,
Bruillaß Bonda, Prruv. lids, 6 p C.
1)o. Scrip,s p a 1825, Ditto Scrip, 1825,4 p C.
Ditto Acct. 90 91 Pottuguesc Donde 784
Buenos Ayres Bonds Ditto Acct. 79
Chilian Bonds,6p Ct. , • Pruss. Bds. 4p C. 88
Ditto Acct. Do. Bonds, 18.4.2,
.
Colombian i1dt,6 p _ • dun. 11da,1822, s p Ct.
Do. Bds 1824, 371.54 534 Ditto Acct. 1144
Do. Arc. 58 57 4 SS 56 Span. 5 p Ct. C.lB
Danish Bonds, 994 974 98 Ditto for Acc.
ou. Marks Ditto 510,
Ditto Bonds 7.• p Ct. 1825,156 Span. Sr. Ct. C. 18.25,
Greek Bonds IPrimch Reines, S p C.

Do. 8d5,1825, 15 Exchange,
Wes. fon.ll sp. Ct. French Rents, 3 p C.
Ditto Aect. 5 p C. 53i 50 Exchange,
Do. Bda,l 325, 6 p Ct. 58 56 57 Guatemala Scrip, dis.
Du. Aces. 591 7j 8 6 71 1 Ditto Acct. dis.
AND FOREIGN SUARES, TWO O'CLOCK.
SHAM. PAIN
50
40 20
40 10

Potoci..La Paz, & Pertiv.
United Mexican
Ditto New

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We regret to state that the banking house of Messrs.
BR ENCII LAY, BZCEETT, and ROCK of Mama
and Time, at Gravesend-. stepped payment yesterday:
this circumstance is am:minced hilito letters froni. that
place, received this morning, front swhich.the following
are extracts ; Messrs WILLIAMS and Co. were agents for
the house of BastlantLex and Co.

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- 7 :1" 7014"gilarbs-DirMail 13.
Both tip Banks:We kar at9pc payment-. this afternoon. - The
tows is, as Tau may stappbscrib a gran bustle std confasicra."

" GRAVIIILIM, TIitIMAIN

" I shall not be in to.tho*ow till the steam-boat arrives,
es I wish to stop till after nine o'Alock, to see how the Gravesend
Banks act. as they both refused to cash their own notes this
afternoon."

The all-engrossing subject of pecuniary distress con-
tinues to occupy every tongue and pen at this disas-
trous moment, and leaves the Journalist neither space
nor inclination to advert to any other topic.
We have conscientiously done our duty, in • prepar-
ing the public mind for this storm—and now that it
rages with tenfold fury, we can only lament and record
its ravages.We have, moreover, pointed out the means by
which th is tremendous visitation may he instantly arrested.
The application of those meads, however; rests in other
quarters ; and if the remedy is negleited, the responsi-
bility which will be inr.nivistArtlipse who could have
stemmed the torrent, but stnorthy is Alentiodifference
to witness its devastation,iiiisi fearfully proportion-
ate. It is no longer a time for enquiring.into the cause
of the conflagration; every: heart ;and hand shiruld
unite in extinguishing the. Barnes, before universal'
bankruptcy, and its concomitant. evils, shall' carry
desolation and • misery • into• every corner of the
land. The most eminent banking-houses continue
to suspend thei!..partents two of very high respecta-
bility have stopped this morning, and there may be
many, more before night. In fact, there is neither loss of
reputation nor .of credit in' suspending pecuniary opera-
tions during 'a :period of frantic panic. The whole money•
in the nation ten times multiplied would be insufficient to
answer the demands of creditors, if they continue to press,
simultaneously for payment .at one and the same moment.
—lf every one locks. lip Whatever be can grasp, all the
circulating medium of the country will instantly dis-
appear. The remedy is in the hands of Government
and the Bank of England. If all the existing. Exche•
quer Billywhickate'unly abeur thirty uilliusv, were.
advertised firt,p;si!isentalCilie tinniestciotsibit in
equal simmmtAftllieeirke- me:41;00400;e o:ticked
at theßarikoanduricl tr;ianinlip 4404 to4miecli*, dnipn
Tbiiwoold in la 'moment, ecimpetthe Adardeasef money
to rAiiodtite' the lunta dlastiatted :creep iitaulatioi...
Still, if they seEuikd. teqiniehite tlielsee' or iriiniefait
paying off the old BOIS would only ssbp `the. vacuum
now Ociasgketll/• iliCaniOne
aqy mar_of ot run. on :the Ilank, wig
,pi/4;;6,4fr, to
even `i!l lit escesti But ltiettrm#ltr, *it sr
• would 1 " .." • fi
lock up a !outaTtat, pawl*, ' •s 0 PIM
as he can cbtain au Exchequer Bilter -the same vibe,

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bearing interest at the rate •of 21.'6d. per day !.. This
would be mere folly. Hence it would be foiindi that.
money would return in abundante; rind as it returned,
could day by daj be Absorbed by sale -of the new Esq,
chequer Bills—and the amount of Bank notes in circ*
cation would therefore be kept down to its old and'
discreet limits. •

If this experiment shall not be tried. funded pro:.
perty will be destroyed to an extent which it is fearful'
to contemplate. The Si per Cents. were yesterday
sold at 82k, so that the purchasers realize . interest
at the rate of 41 per Cent. for their money. It is
irrational to imagine that in those circumstances Ex-
chequer Bills, bearing an interest of only 21 per cent.
can be kept from a 'ruinous discount. They will be
returned upon the Exchequer in lieu of Revenue ; inas-
much as any one who had yesterday 1001. of taxes to
pay, could have purchased an Exchequer bill for 971•
and paid over the latter instead of his full amount
of ditty. We are net aware that either Go-
vernment or the Bank have, as yet, materially
interfered in relieving the general distress, further
than that the latter are profiting by it, having
advanced their discounts to Five per Cent. This mea-
sure may be prudent, but we would most seriously call
the attention of the Bank to the probable consequences
of an extended issue of piper, by means of discounts
unaccompanied by an equivalent diminution of Exche-
quer Bills in the Market. No circumstance could be
so utterly calamitous to this nation, as an excess of Bank..
notes,. and a run upon the Bank for. gold. The system of
extended discounts must be avoided as a pestilence. But
there is no such effect to be feared from replacing the
old Exchequer Bills by an equal ,amount of new at
higher interest. This latter measure is directly cal-
culated to restore into circulation the money which has
been coffered up into an infinite number of small re-
positories during the present unexampled alarm.

CITY, TWO O'CLOCK.

Public credit seems shaken to the very centre, and
such is the general-distrust, that the best houses and the
best securities are looked on with a suspicion bordering
on infatuation. This want of confidence is producing
the most ruinous effects, and creating the very evils
it dreads ; for houses of the most unquestionable sol-
vency may well be unable to meet the drain of all the
deposits in their hands, uhen the best securities are
unavailable. The panic increases daily and hourly,
Arid all is confusion and alarm in the City. In
consequence of the failures of the banking-houses
that have taken place, and the excessive run which is
made on others, the first thing a merchant now does,
on coming to the City, is to ascertain if his banker has
not fallen in the wreck of credit.
This morning two old established houses stopped
payment, those of Messrs. EVERETT, WA LEER, and
Co. and Messrs. SIKUI and Co. both in Mansion House.
street. The firm of Eisarrr and Co. however, issued
a notice that they have made application to the Bank
for assistance, and hope that it will be successful;
should this be the case, they intend immediately re.
suming their payments.

The crowd that assembled in front of both houses was
immense, and ititne persons were so clamorous and un-
ruly, that it was found necessary to shut up the house
of Sinn and Co,

A Meeting is now holding at the Mansion• Moose,
for the purpose of taking into consideration the nem- 1
sity of immediately proposing, for the consideration of
Government, some measure which, if adopted, it is
firmly believed will relieve all p3rties and restore pub-
lic credit.

There has been ranch business on the Stock Ex-
change this morning, and upon one or two forced sales
of Consols for Bank notes, they were sold at 76f ;
though the price for the opening was 81k, making a
difference of five percent. Consols, have been done at 82f.

CITY, QUARTER PAST TWO.

The general panic now prevailing is indescribable.
The stoppages of Messrs. EVERETT, WALKER, and
MALTBY, and Messrs. SYKES, SW AITII, and Co. of
Mansion-house-street. has caused a most terrific run

on the Bank of Messrs. MASTERMAII, in consequence
of a false and malicious report ilut this great and
highly respectable firm had fallen in the general
wreck; and the consequence was, that the crowd
became so great round the door, that it was found ne-
cessary to call in the aid of the City Police to, prevent
accidents. While oar Reporter stood for a few minutes
he counted 97 persons who went into the house, and
who were unexpectedly disappointed, as they came out
with their money. Several Gentlemen came out
and strongly deprecated the course puma, declaring
there was not the slightest ground of fear. The Royal
Exchange was completely diserted, and those vr)to did
not wait round the doors of the different Banking-
houses ivith asmions fears, went to the Mansion-house,
where a Meeting was called.

CITY, HALF-PAST TWO.