Star.
London, England, 1825-12-15 00:00:00

The Bank Directors, some time since, sere

praised for tlr,ir liberality and great regard f rti
in reducing the interest on the &scouting Ilk
sto 4 per Cent. We said then that such ame
was the completest encouragement f r gambliag
kite-flying. We instanced Colombian or other l
which paid an. interestAtf 10 per Cent. besides the
pect of receiiiing, at some future period, Cent.per
—that for which 501. was given, being probably
hack at the rate of 1001. We did not speak exactly
the price or the interest ; we merely mentioned
things in round numbers for easier illustration
said that here was a temptation for the concerti
fictitious Bills of Exchange. That there was a tem.
Lion for A, B; and C, to set up firms—draw, at
and indorse—and get the Bank to discount at
per Cent. That tl ere was an inducement to foie
the Bank of England 1,000.0001. of paper : costing
per cent. or 40,0001. a year ; and to go into the fore
security or scheme market, and employ such 1,000, '
at the rate of 10 per cent. That there was in
1,0: 0,0001. a year, at a cost of 40,001. a gala
60,0001. a year staring men in the face—men n'h°
need only to Lake counting-houses, keep a deal or t
and a few cumbrous ledgers, sit still, and emplol t
selves in writing names, as indorsers, drawers, in
ceptors, er giving audience to a share at'd
brokt r. and commanding him to purchase such
such shares in schemes, er bits of paper cared fin.
securities. That such modes for m,lcir.g tunnel
resorted to, there can be no question.
The small depositors its the several Bick'nq C.
cerns, have occasioned the greatest rwns; they h
been anxious to escape the possibility objaxger•
large depositors in many houses have shown their c
6dence in them, by sending in, instead of drawing
large sums; and by the latter mode would have,c,
to ibuted to increase the panic. Several firms coma
mentioned where this was the case; it has hallo)
Messrs. Esdaile's for instance.
The Bank of England, instead of limiting its discom
has largely increased them. • In proof of the incle'
of accommodation by that body, it may
be mention
that for-the 'last tnelve months, and till very late
there were seldom to be seen more than three(!
clerks In the" Discount On of the Bank of '
were nee 'very fully uccupied ;--yesterday sad the day
that once there were thirty-three clerks, besides sedttano,,.q
in ante-roonta, on account of the. bagasse of gab tam
~:k
the clerks id such oft* did not leave their desks till Wee
Wednesday anonslago alit last eight they expected to be_n_al
suchbk the extent of disterustiag business now lieitel
of Zagilad, and itt s per Gat.
r M rhis 11011 MING ADVIRTISIW
• IsTearropertrein guard dealers in a nermanny 0
try like: this, against the consequence of reials ,
den demand of all creditors for payment. 04'
e
nn:ince, 9f 4 Banker, but to trade on the brayer ta,
in hissliands, which he lends upon securities ciw,a4
at a short notice, while he keeps in his hatsdniroge
ready money to meet ordinary demands
__.;.sab
judicious he may have bien—i-however unetterL.
be securities on-which he may have invested hin7h4
it a;.!udaJen denkand be.masle ..upos •him. lee the,...so
insolent of the balance, while a similar cause, agrettog,,9l,--„carki
the same way,' [Genii Mr* into ibetnailLet to isa
%Lis *possible cleat ha can purchasers, and raise

_- _

:0 meet such unexpected claims, upon the absence of .►:rich all his
calculations rest. No amount of surplus nominal ,aloe— so
amount of fixed property, on make him safe ; and the parties who
create the alarm must contribute td their own ultimate loss.

HASTINGS OLD BANK.
ESSIIS. YELDEN SMITH, WILLIAM GILL,
AL and JAMES HELDER, beg to inform the Public, that
all their NOTES and BILLS are payable at Messrs. JONES,
y,LoYD, and Co. Bankers. London instead of Messrs. EVE.
hETT, 'WALKER. and Co. as herelofore.
Hastings, December 14, ISIN.

11 h: EVENINti sTAR

LONDON.

THURSDAY, DECEMBER 15. 1825.
STOCK EXCHANGE, TWELVE O'CLOCK.

Consols opened at 1161 i for the Account, went up to NI I, and
are now en i, with an apparent steady market.
To-day is settling dal at the Foreign Market, and most of the
South American Securities have Improved.
Current Prices: Old Spanish 134 14, Russian 751 76, Mexican
Si: per Cents. 584 591, Colombian New 564 37k, Brazilian Scrip
18 disc Greek Bonds 14 16.