The Statesman.
London, England, 1810-11-09 00:00:00

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e

".was Communicated by the Governor tiOheCom. reHort of the Bank Proceedings of the day here re-
's mittee." ferret! to, and I beseech you .to read. every word of
Thus, etenilemen, Were 66 the meet thinking it, yoit will, doubtless, be astonished at the bardi-
-66 peosile in Europe" treated. Here you. sue the hood of nom, who could, under such circemstatio,
origin ; here you see the real cause of the public. ces, hold suck language. Whet! thank the niece.
spirited media: at the Mansion-house; here you tors for not paying their promissory notes.! Thank.
see how those pure and disinterested persons were them for this ! The Proprietors of Bank Stock,
put in motion. You have, heretofore, seen the who were the persons composing the Meeting upon.
show ; hut, you hare now seen, as to this part of this occasion, were the, persons who owed the
it, the funnels, 'Allies, piss, and wires ; and the amount of the Banknotes ; they were the debtors
only misfortune is, that you see them a little too of the note-holders ;.the Directors were their agents.
late; though, I trust, that. the exposition may yet Su that, here we sac a parcel of people, who had is •
do some good, and, at any rate, it must, I should sued great wiantities of promissory notes, assemble
think, make you a little less credulous in future, a together, and.thartk, aye, and Publicly thank, their
.
little less inclined to believe every word that comes agents for having refused, illegally refusedt pay-
forth under appearances like those above described. went for their notes! Gentleman, our venal prints,
While Meetings ware going on, in such a jovial may talk as they please; they may refer us to what
way, in all other quarters, it would have been instances they choose; but any thing equal to this,
strange indeed if the Bank itself had not had its . any such instance of cool assurance, I defy them to
meeting. This took p:ace on Thursday, 2d of produce from the history of the world, or„ even
March. The Order of Council hail been issued on 'from the works of imaginatiOn.
the Sunday, 26th of February ;it had been laid 1 But, as yet, we have nut seen these proceedings
before the [louse of Commons on the 27th ; on I in their true colours. We have seen them in colours
the same day the Neetiag had taken place at the' pretty strong; but we have not seen 'them as they
Mansion nous* ; ots.the2Blll(as we shall presently i will appear when we have taken another look at
see) the conduct of the Bank began t01e.% discussed I the Rank documents, which were afterward laid be.
in Parliament, and it had been asserted there, that ifore Parliament, and which, as was before observed
the Order of Council was the sole work of the never got-out fairly to the knowledge of the people.
government and. not of the Bank ; the manifest' We have seen these Bank Directors making ppbtic
intention of which was to cause it to be believed, declarations, that they had no hand at alt in the
that the grcriment forced the Bank not to pay its Stoppage; that they did not apply for, the Order in
creditors agreeably to its promissory notes; and, Council; that it Was a measure of the government ;
that the Bank neither wanted, nor wished any such that it Was a state; measure; and that th,:y earnestly
measure on its own account. Declarations to this hoped loan to be PERMITTED to resume their
amount had been made in Parliament ; but, it ap. payments in cash. This iqaihist they told the pub.
pears, that a repetition of. them at a Bank Meeting I tic on the 2d of March. "And, it was not only at.
'was thought necessary ; and accordingly a meeting . the B ink tiO•etirig that il4,laration was esmii.
took -Wiwi; use their own lauguage, "A It was repeatedly ati‘dein'tielroitiO4 Comnions
66 Caves. 07 ritOIMIETORS was held" on the day but, Weeifll,4ferill tq'
.4 to;14
jolt maatkinid, namely, the 24 of March. . was Sad by the ink ereetors tnemsetves.
At this meeting at the Bank, where ono might Such, then, atei*e (11F1ot.attone On the
Zit
Jim expected to see tho Directors and Proprietors of March. ' Nagle, tT4eu, luS es see what they, had
Clothed in sack.cluth and Coshes, the first thing done been at is secret' with ilia Minister. dyting the nine
was, the passing of a vote of THANKS to th.; days before.."N"tbr32lsti of., February, they,
Directors fur having acted agreeably to the Order observing, witlfigritif lends's; a Os, large end
of Council, that is to say for having avaa:ed them. constant decrease JR 'liar 6•14;, ortt a prtieular
Kim of this Order to refuse payment of their pro. consultation on thh iiatiCkt; ,
..peitoUving thee
signory notes, to refuse payment of their just their cash was reduevCtoli cart sum, 'of whiclbl
debts legally demanded. They had been guilty of a certain snm, be it Otetivlii4 theik'do Not stile Mi.
violation of the law, and for that violation they amount, they came to a retoluty*, 'to' go to Mr.
were thanked by their constituents, the stock Pro. Pitt, and tell him " 6 how'their was .circ.uai,
victors, who, in fact, were the Debtors of the " staticed," they did so, and Mr. rat olmeived
sip
holders of Rank cotes ! Having, with an unanimous them (and you will laugh heartily at the observe.
voice, dispatched this part of the business of the lion) 66 that the alarin'oflovasion, was now becomb`
day, the Governor of the Bank took, it appears much more general :has he could think 'tiedes:wry,* -
frein the report of the proceedings, the opportunity they theta, , pressed Mr. Pitt, to make some decla.
of ifubliely declaring"(in a way that it might get ration in 'Parliament,. qpon this subject, "in order,
into print) that the Batik Directors had mode no to ease the public mind.".
~This is a. pretty sped:-
app(imseion to the government fur an Order fur the men enough Of the intogeoptse that eeisted between'
stoppage of. •Cash payments at the Bank. Mr'. these parties, sad warms to explain the reason
BeitasnautT, who, it seems, was e Director, thi. for many or the epoisaleiliat we have, at different.
elared, that the measure " was not-adopted at the times, heaid*.• Mr. Purr, however, did, itseeins;.
.66 instance of those concerned is the direction of press. them, in his turn,. " to endeavour to obtain;
.66 the Bank ;" and Mr. Tnottivrolv, also a Di. a supply of gold fromabroad," and the Governor
.rector,, said, " that hu wished it to be understood told him they would do what they could in that.
explicitly, that the Order in Council was not is. way.
sued at the instance of the Bank Directors."-= On the 221 of February they bad another inter.
they

Mr. ROSA 61 WET maiml the stoppage " a great state
" measure;" a measure dictated by 66 natioitei
policy." He said it was 66 meant to operate OttZ
for a short time ;" and that 64 he earsteiet
hoped" (how different from tho language of
.Randle Jackson and the present governor of the
Wok) yes, " he EARNESTLY HOPED, that
61" the Hank,. which was quite able, would aeon
" be PEE.MITTED to pay its notes in cash, In.'
44 the same wanner that it had formerly donc*.".
When, Gentleinou, you have read through the

view.titth Mr. PITT, and they gave GoLnsorot
and ELiatow orders for
,the purchase of gold at
Ilansbargli. But we Ito where find any accountof
the gime:os of thi* order, which was, besides, nl.
dered usclAse iy thoPider of Council, which ren-
dered Gold iinnSPessaryt.
Ors the 21th of February they had another in-
taview with Mr. POT; *ad, what they say as to
-this isiteiviei; we must pay particular attention to.
At a Committeeoonsisting of the whole Court, it
appeared that the cash was going away faster than
ever," which gave such an alarm fortheS4FETY
OF TILE MUS E" (mark the words) that no
time was lost in sending a deputation to Mr., PITTi
to ask him how far they, might venture to go is
paying cash, " and when ILK would think it ne.
" cessary to INTERFERE." Mr. PITT told
them, that this was au affair of such importance,
that he most be prepared with some resolution to
bring forward in the Conneil¢.