Star.
London, England, 1819-05-26 00:00:00

quired, the evil of the present system would be
effectually abated, and the holders of the Stock
the Bek of England would in the end, when their
affairs were closed, revive that just dividend of the
assets of the. Bank to which they are entitled.—
In fact, from the system pursued at the Bank of only
discounting Bills at 65 days, every Note now in cir-.
ealation, issued on mercantile or agricultural secu-
rities, would be called in within 66 days, and what
remained out after the expiry of that period would
consist only of the advances to Government, and the
amount of the salaries paid to the Officers and Clerks
of the house, and far them the Directors might be
authorised to issue Debentures, which should be re-
ceivable by Government in payment of duties.
When the Bank had in this manner called in the
Notes issued on bills discounted, in advances to Go-
vernment, and in payment of its Officers, all the
Notes in circulation would be extinguished, and the
assets of the Bank would then consist of such specie
or bullion as remained in its coffers, and the amount
of the debt due by Government. Of the solvency of
the Bank there is no question, but its means are not
available, and therefore as a Mercantile Establish-
ment, Parliament, as the repfesentative of the Pub-
lic, its creditors, at this moment deems it necessary
to put its affairs under regulation, if not in trust.
In the foregoing remarks we would not be under-
stood as charging the Bank Directors with having
acted differently from what other honest men would
have done, if placed in the same circumstances. But
we must charge the Government with having corn-
, mitted a great oversight at the time when Cash-
payments were suspended by law. It ought then to
have been enacted, that till one year after the resump-
tion of Cash-payments, the Proprietors of Bank Stock
should 'not receive greater dividends, in the name of
profits, than they had been paid for-the three years
preceding tke suspension. In other words, it ought
to have been provided that the increased profits,
should any arise from the unrestrained issue, thus
put in the power of the Bank, should accumulate,
to meet any difficulties that might possibly occur in
restoring the metallic circulation, whenever the period
for this might arrive. This, however, was overlooked,'
and hence much of our present difficulty. But, though
we cannot bring Time back again, wise men will ever
endeavour, by anticipation, to direct the current of
future events, as far as human prudence can controul
them. The measure we have suggested is one cal-
culated to answer such an end, and we submit it to
the consideration of those who are best qualified to
mould it into form and give it efficacy. If properly
directed, and confined exclusively to its avowed ob-
ject, it cannot miscarry.

Earl GREY brought in a Bill fast night in the
House of Lords, for the Repeal of the Oath and De-
clarations against Transubstantiation and the Invo-
cation of Saints. The Bill, howeVer, provides that
nothing therein contained shall extend to dispense
with the Oaths of Allegiance and Supremacy. The
practical effect of it, therefore, is not to relieve the
Roman Catholics from any disability, but to relieve
Protestants from the necessity of declaring the Ro:
man Catholic Religion superstitious and idolatrous.

A Hamburgh Mail arrived this morning. The
following are the only articles brought by it which
deserve the slightest notice :

HANOVER, MAY 17.

Since the abolition of torture has been unanimously
resolved upon by the Assembly of the States, the
Committee has prepared the introduction of the
Trial by Jury and the publicity of Judicial Pro-
ceedings in Criminal Cases.
The proposal that our Deputies to the General
Assembly of the States shall not receive in future
' four dollars per day out of the Public Treasury, but
that the Deputies shall be paid by the Province by
which they are sent, is much approved of; for the
Hanoverian Diet, if all the Deputies were present,
would cost the country 500 dollars a day, or above
180,000 dollars in a ylar.
BRANKFORT, MAY 16.

The Archduke Palatine, having obtained the con-;
sent of his Majesty the Emperor, has been formally,
betrothed to the eldest daughter of the deceased
Duke Lewis of Wurtemberg. The Duchess, her mo-
ther, has sent a Courier to Stutgard for the consent
of the King. The Papal dispensation has already
been obtained,