Star.
London, England, 1825-12-16 00:00:00

FROM THE NEW TIMES.

Notwithstanding the prediction of certain individuals
tha: the Meeting at the Mansion House would not be
of any benefit to the Commercial World, we have the
:itistaction of declaring, that the minds of by far the
;•rester proportion of those who daily visit the Royal
Exchange, app• ar relieved from that dreadful anxiety
which, during Wednesday and previous days, appeared
to oppress them; they feel that there is, at any rate,
certainty that the lamentable state of public credit has
galled forth the attention of individuals, who feel the
necessity of doing everything in their power to arrest
the progress of panic, nnd to alleviate, as much as in
tikin lies, the sufferings of the merchants in general.
This has assisted wonderfully to dispel that gloom
which app-aied for some days east; and if a tempo.
'ary inconvenience is to be experienced, it is now sub-
mitted to with comparative cheerfulness. Such a body
of Merchants atia—Traders as !net at the Mansion'
House, 'would not have separated, it is thought, with-
slut the fullest conviction on their minds, that sufficient
remedies would very shortly be applied to the existing
(:vis. Indeed, we feel confident that the period is fast
4prnaching when Cash will be nearly as abundant as it
was some.months since.

FROM THE HORNING HERALD.
Yesterday being the day on which answers were.
given to town bills put •in for discount at the Bank of
England, the result was anxiously looked for. It was,
perhaps, the heaviest day that that department of the
Bank had ever experienced. The Directors have behaved
with .the greatest liberality ; and though these cifeurn-
stances, taken altogether, have arrested the panic, the
alarm has not subsided, and the distress for money is
still vrry great. The new 4 per cents. may be instanced
in proof, being sold for money at 93, and for the opening,
which is 19th January, at 99/t; 61 per cent. difference
in value for money, or value for time—a thing
unprecedented.

'he demand for gold at the Bank, chiefly for country
emergencies, continued to be great throughout the day,l
mid the " Bullion Office"--namely, the large office
where people get gold in change for Bark notes, was
thronged with all sorts of persons demanding and get-
ting gold in exchange for their notes. Hundreds of
men and women crowded the railings with their
demands, urged at one and the same time; and such
were the borrowings and lending: from hand to hand
ripens to write names on the notes, and means whereon
to place the notes to write on, that had the hump
kcked man been alive, whose back realized a fortune
in the South• Sea Scheme time, he might have made
another fortune.

The Bank of England afford every assistance. This
"'as the grand discounting day for all town bills, and
lte understand that the Bank discounted nearly all sent
to them—their practice being.to send town bills in be-
fore eleven e'cicck on the Wednesday, and the an►wer
of the Bank being giver: rn the following day. Every
►acility has also been attOrded by the Bank for the
transfer of Stock—the Transfer Bo iks were kept open
for Olen purpose Ibis afternoon until the unusual late
hour of five o'clock, and the Commioee of the Stock
Exchange allowed their house to remain open hall an
hour beyond the usual time, in order to aid those who
stood in need. An immense quantity of money has, in
consequence, been realised, and transmitted into the
country in the course of the day.—Wi:ll regard to the
:Hesini of the house of Stirling and Co. Sir Walter Stir-
ling was visible to his customers, and he assured them,
that though the house had been unable to withstand the
I spit, 20s. in the pound would be paid, and would
leave a great surrlus.
Several large sales of Consols, on successful Petitions
to the Directors (Consols being shut), took place—one
01 150,0001. and another of 100,044.—by Bankers, to
enable them to be prepared for rums upon them.
• tROSI THE MORNING CHRONICLE.
The Public seems to have come to 4%01, and iE we
may credit appearances, the panic may be said to have
Err a great measure subsided.
A beuer pruot cannot be afforded of the difference
it,e pressure Letween Wednesday and yesterday. than
t:ie rise of five per cent. in the price of Money stock.
The appearance ot the City yesteriay atiorded

strikine coottra:t to the scenes which it w-lvt;sp;lv Fell
to ~ur lot to describe as having been erhibited or the
three preceding days. The Meeting at the Mansion-
House, and the dissemination of the Resolutions which
were there adopted, seem to have done much toward
calming the public mind, and tl:is, followed by a little
cool reflection, has convinced many, that the apprehen-
sions which wefe entertained, were in a great mt!asnre
unnecessarily aggravated. Some, who acted under the
general impulse, and manifested a selfish, if not a
mischievous want of confidence, have ezpiessed their
error, and by a restoration of their balances, which had
been hastily withdrawn from th.ir Bankers, have en•
deavoured to make amends for their precipitation.
PROM THU BRITISH 'RM.

To that portion of the public (and we should appre-
hend that it is a very large and important one) which
has duly appreciated the firmness and liberality of the
London Merchants and Bankers in all periods of great
public peril, whether of a financial or political descrip-
tion, we need scarcely state, that the highly respectable
Meeting of Wednesday, at the Mansion house, compris-
ing as it did men of the first consideration in the City,
held for the express purpose of checking the wild and dis-
astrous panic which has afflicted the mercaptile world
in a degree for many weeks, but which, during the last
hew days, has threatened destructian to the niisst opulent
establishments, was attended with the best possible
effect. it has already checked the fears of the timid,
and blighted the hopes of the mischievous.—We trust
that we may now congratulate the public upon this
frightful conssernation having for the most part passed
away, and that business in a few days %ill in some de-
gree resume its wonted serenity, although the effects of
it must be felt for some time.

FROM THE PUBLIC LEDGER.

It May be safely avetred, chat if Ministers have ex-
pressed their determination not to interfere at this
juncture, they feel persuaded the emergeacy is not of
such a nature as to require their intglerence. It is also
clear that they fully participate infthe opinions thst
were expressed at the Meeting at tiTe Mansion House,
that the distress is the effect of an unfounded alarm,
sni that it will disappear as rapidly as it arose. At'
the Mansion House, many Merchants were prepared to
go to greater lengths than the support of the Bank of
England and of the London Bankers, for even had a
false panic compelled the whole of the London Banks:
to suspend their payments, still the mt rchants in Lon.
don had other means—means now practised in other
parts of England, with which they were determined to
maintain the mercantile currency of the country, for a
Gentleman present framed a resolution, with which to
ciinclude the business of the day, and which appeared
to teceive approbation from vatious individuals around
him, but it being in some degree at variance with what
had been proposed by Mr. Baring, he did not offer it.
It was as I llows:.

- - -
" Resolved, nevertheless, that if, contrary to all reasonable
probability, a difficulty in procuring Bank notes or cash for coot
mercial paper, should continue to exist, it will, in the opinion of
this Meeting, and in imitation of the long-established practfee in
many parts of England, reflect no discredit on any house, to offer
in its payments the acceptances of Merchants, Bankers, and others,
of approved solidity, upon an adjustment of interest for the un-
expired term of such paper."
By some, however, this suggestion was deemed un-
necessary, since it was in the power of every person to
resort to it at pleasure ; while others thought a declare.
lion to•that effect by the Meeting, would give a sanction
to the measure, and render it more effectual as an
immediate practical remedy to the eiisting evil.

PROVINCIAL BANKS.

4

SIikFFIELD, Daemua 14.

A most respectable And numerous meeting has been
held this day, at which a resolution was unanimously
passed, that unlimited confidence is reposed in our three
Banks, and signed by four hundred of the principal
merchants, manufacturers, &c. &c..

MESSRS. WENTWORTHS' BANK.
TROM THE LEEDS IRTELLIOENCiII OF THURSDAY.

We are authorised to state, that Messrs. Chaloner and
Rishworth, twcoof the partners of the firm of Went-
worth and Co. are now in London, making arrange-
Ments for the early resumption of their payments.
The confidence on all sides in thekultimate solvency
of Messrs. Wentworth and Co. has been, under the eir-
cumstanco, as flattering to them as beneficial to the
Public. Various opinions are certainly entertained as
to whether they will resume banking as heretofore or
not, but in either ease the prevailing impression is, that
all demands upon them will sooner or later be satisfied.
A fact corroborative of one-statement is, that nutty
persons in Leeds speculate largely in purchasing the
outstanding notes of the Bank, and that the lowest price
at which we have understood them to be sold is 15s. per
pound, while numbers have been bought at 17s. and
even some so high as 19s. per pound note.
SLCOND EDITION•We were enabled, in our first
Edition, from exclusive and authentic sources, to prefix
a notification that 4. the Bank of Messrs. Wentworth,
Chaloner, and Rishworth, will speedily resume pay-
ment." We (1., not hesitate to declare, in the most em-
' phatic terms, that the utmost confi fence may be pined
in the solvency of this firm, and that their engagements
will all be honourably paid in full in a short time. We
therefore implore the people of Yorkshite generally to,
rely upon the tried character and known state of the
pi incipal Banking Establishment s in the county, and not
to add to the tisk of indiscriminate and overwhelming
embarrassment and ruin, which must follow any gene-
ral discredit of the local currency. Btagnat:on of every
kind of business—the throwing idle of an immense mass
of workpeople, and deep, as well as extensive and
lasting distress, will he the inevitable consequences.
Mr. Wentworth is a country Gentleman of the first
character, and is possessed of an estate worth at least
20 0001. a year, and is also connected with some of
of de first iatnil;es in Yorkshire. Mr. Chaloner is
M.P. for York, and also is a man of large landed
property; and Mr. Rishworth is no less to be reputed
for his talents and wealth. There appears no doubt
that the Han will soon resume its payments.

PLYMOUTH BANK.
PROM THE PLTMoUTH 3OURNAL.

A meeting of the creditors of the above Bank, took
place on Monday last, at. the Guildhall, preparatory to
the eiection of Assignees, which was attended by an
immense crowd. Henry WoollcoMbe, Esq. in the
Chair. The Chairman read the requisition, .when Edw.,
Lockyer, Esq. rose, and went into detail iespecitg the
linhaie,een difficulties which had risen in working tha
COMM I tSIOII obt,ined by Mr. 'fink, which he said die
nil reflect the least disciedit on the solicitor or pelt
tioning creoi or. A very lengthened discussion.aitci.
%raids ensued, respecting the number of the As
.ignees that sh..uld be chosen, Mn Lockyer --objected'