The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1854-06-06 00:00:00

To in -*olb or list.

CLAYTON-ITALL, CLAYTON-SqUARE.-
TO be LET, the above HALL. for Public Meetimrs,
Concerts, Lectures, &c. Terms moderate.—Apply to Joitr4
WHITE, 19, Clayton-square.

TO be LET, Unfurnished, part or the whole of
a FARM HOUSE, near a railway station, half an
hour's walk from Liverpool, on a dry healthy slope, with a
fine view of
Claland,
on- river,
e, anLiverpoold mountains.—Athircss, Mr.
CAPSTICK, 3, ytsquar.

AI —MUST
is be
vin g ti SOLD mme-
diately, as the Advertiser lea the wn, a
splendid Rosewood Cottage PIANO-FORTE, Six-and-Seven-
eighths Octaves, Metallic Plate, Broadwood's Improvements.
A reasonable offer will not be refused.—Apply at 85, Mount-
pleasant, Liverpool.

TO be LET, in Cheshire,• a COTTAGF, bean-
'. tifully situate near Wallase) Church, together with
about Seven Acres of Land in the highest state of cultivation.
The Growing Crops and Stock may be taken at a valuation,
if suitable to the incoming tenant. For further particulars
apply on the Premises, to Mr. W. CALLOW; or, in Liverpool,
to Mr. GARDNER, No. 5, North John-street.
ROCK FERRY.—To be LET, a genteel
RESIDENCE, situate near the Ferry, and commanding
a view of the river. The House is detached, and contains an
Entrance-hall, Morning, Dining, and Drawing-rooms, six
Bedrooms, Water-closets, Store-room, Butler's pantry. S.r
vants'-hall, Kitchen, Wash-room, Cellars, &c., with a Flower
and small Garden. May be entered upon immediately.—
Apply to Mr. ROBERT DOBSON, 9, King-street, Rock Ferry.

FARMS, TN THORNTON AND LUNT.-
OD SALE, by PRIVATE TREATY, Two FREEHOLD
FARMS, in Thornton and Lunt, distant six miles from
Liverpool ; one 56a. 3r. Ito., statute measure, in the occupa-
tion of Mr. Blackburne ; the other, 39a. Ir. 7p., statute
measure, in the occupation of Mr. Tyrer. Also, several
FIELDS, in Thornton, of various dimensions, well adapted,
from their pleasant site, for building upon. Thornton is one
mile from Great Crosby. The Tenants will show the Land ;
and for further particulars applyto Mr. WILLIAM WAREINO,
Solicitor, Eldon-chambers, South John-street, Liverpool.

TO be SOLD by PRIVATE TREATY, a compact
ESTATE, about five miles from Liverpool, containing
about 75 acres of LAND. One DITTO, about four miles from
Liverpool, with 10 acres of LAND. A splendid MANSION,
near Walton, with 6,000 yards of LAND. One DITTO. at
West Derby, with 10,001 yards of LAND. One Dtrro, at
Mosley-vale, with 7,000 yards of LAND. NV ith upwaris of
Thirty large HOUSES in the town.

TO be SOLD or LET, a splendid MANSION,
three miles south of the Liverpool Exchange, contain-
ing Three Entertaining.rooms, Ten Bed-rooms, Dr'ssing-
rooms, &c. &c., with Two Acres of Land, in Pleasure Ground
and Garden. Also, an excellent Detached FAMILY RESI-
DENCE, opposite Richmond-hill, West Derby, containing
Five Entertaining-rooms, Eight Bedrooms, and Good Garden,
&c. &c.
TO be LET, a splendid MANSION, called
"VERNON HOUSE," Mount Vernon, containing Five
good Entertaining-rooms, Twelve Bedrooms, Bath, and
Water Closet, Coach-house and Stable, and extensive Garden.
An excellent COTTAGE, at Gateacre, called "BELLE VALE,”
with Six Bedroom., Coach-house and Stable, and a capital
HOUSE in Chester.street, Birkenhead.
Apply to WM. WILLI*SI., Estate Agent, 3, Hackin's-hey,
and 47, anelagh-street, Liverpool.

THE LIVERPOOL STANDARD, AND GENERAL COMMERCIAL ADVERTISER.

in bank-notes and gold, and yet every transaction
was as complete as though the legal currency had
been used. We have no intention to defend the
wisdom or the policy of the Bank Restriction Act
of 1844, but its evil tendencies have been consi-
derably overrated, inasmuch as for all practicable
purposes it has been inoperative. We are, how-
ever, of opinion that, had it not imposed the neces-
sity of weekly publication of the Bank accounts, it
would have been still less objectionable. The
public at large had little to do with the Bank
business, and the chief effect of making it public
has been to give rise to erroneous ideas, and to
create unnecessary panics, which are far more
mischievous than real difficulties. There is a class
of writers who insist strongly on the folly of
adhering to a metallic currency, and argue strongly
in favour of an unlimited issue of paper money.
Such a measure should only be resorted to in a
pressing emergency, which is hardly likely to arise
during the present plethora of gold ; and then the
only means of accomplishing it would be, not so
much by repealing the act of 1844, but by legalis-
ing the issue of one-pound notes. The evil, how-
ever, would be, that small notes; by superseding
sovereigns,would send the latter out of the country
when, perhaps, they were most wanted, though
for all practical purposes of borne trade very little
difference would be created. Money, in whatever
form it may be made, is not the representative of
wealth, but merely the small change with which
the minor transactions of business are rendered
more convenient ; and, therefore, however fondly
many may indulge in dreams of prosperity, but
for legal restrictions, the whole is a mere delusion,
based upon misconception. If all banks had un-
limited power of issue, it would be found that in
few instances would their, circulation exceed the
present amount, for after the requirements for
ordinary transactions have been satisfied, the sur-
plus would be sure to return upon the banks which
issued them.

While upon this subject, we may call attention
to the mischievous practice pursued by the banks
in Liverpool of charging a per-centage as commis-
sion upon the payment of their cnstoners' cheques
and acceptances. It has the effect of compelling
more payments in cash than would otherwise be
made, to the detriment of both parties, from the
additional risk, and in consequence causing the
amount of the balances in the bankers' hands to
be considerably less than they otherwise would be.
Many large payments are now made in notes and
gold that would otherwise be made by a banker's
cheque, were it not for the commission charged,
and many persons in business keep no banking
account for the same reason. The payment of
cheques may impose some little trouble upon a
banking establishment, but it would be more than
repaid by the larger amount of cash at the disposal
of the banks, which would be rendered still more
available for commercial purposes by establishing
a mutual interchange of cheques, after the plan of
the London clearing-house. It would be, indeed,
far better to discontinue the allowance of interest
on balances than adhere to the present mode, which
is so manifestly injurious. In London, the private
banking firms allow no interest ; but a far better
plan is that pursued by the London banking com-
panies, who allow a small interest, about half the
current rate for discounts pn the minimum balance,
and charge nothing whatever for any payments.
It is a subject well worthy consideration.