Star.
London, England, 1826-02-11 00:00:00

than occupy our columns at the present moment with
any comments of our own.
It will be seen, however, that the lead:n object Of Go-
re' nment is to retrace all 1 •ose steps that have hitherto
been taken to neutralize the measure so solemnly decided
upon by Parii.tment many years ago, namely, a return to
metallic payments. •A very great advance to this ob •
ject will be made, by rendering Silver a legal tender
as well as Gold, of which intention, at r. future period,
Mr. HusiktssoN last night give notice.
In the meantime. the object is to be pursued by pre-
' venting the issue of smell notes, which is to be effected
by refusing, hen ceforward, to-supply any flesh stamps
for new ones—thus allowing the notes now in cir cola-
tion giadually to wear ont—which they vet y speeJily,
will do, and requiring the whole of them to be cancelled
in three years.

Another step towards the same object would seem,
however, in our humble j'rdgment (unless counteracted
by some check or other), ro retrograde from a metallic
currency:- The Bank of I?, Timid having surrendered
its peculiar privilege within sixty five miles of London,
Country Banks beyond the verge of. that compass may
consist of an unlimited number of partners after the .sth
ffuly next ; to the
.end that their issues of five-pouad
notes and upwards may be placed on a more secure foot.
ing. In some cases only, but not universally, Companies
so formed are to be Chartered Banks, in which each of the
Proprietors shall only be responsible for a limited sum.
This will unquestionably attract very considerable num-
bers of sleeping partners, both from a desire of
profit from the Banking concern, as well as to pro-
cure credit to the extent of the capital each one
embarks; and it will not fail greatly to promote
the citculation of country paper, unless tile con.
cession of the charter be ancompanied by a condi-
tion that the CoMpany shalt submit to an inspection of,
and a restraint upon the magnitude of its issues. 'This
is so evidently necessary, that although it is not men-
tioned in the debate we presume it is intended.
The other Banks not favoured by Charters, are not
very likely to be able to increase their partners; as we
have seen from experience already, that not one fortieth
part of the Banks now in existence availed themselves
of the privilege they are entitled to by law, of having
six partners. The plain reason of which is, that no
man of common sense, responsible with his whole for-
tune for the disaster of a Banking-house in which he
has only a limited share, will put that fortune to ha-
zard, unless the management is conducted under his
own daily inspection.

At a late hour, we received the Etoik of yesterday
by express. On the preceding day the Chamber of
Deputies went into a Secret Committee. The Etoik
contains an ordonuance of the KING, d d the bill of,
February, containing several additional articles to the
ere-ity between this country and trance.

This forrnoin we r•ceired Frankfort Papers to th-
sth inst. but they contain no political news. The health of the
Pups is worse. The Treaty of Commerce between Russia and
Sweden, which was to cease in January last, remains in force
until other arrangement i are made.