The Statesman.
London, England, 1818-11-21 00:00:00

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• 2o firs EDITOR or rite S 1 ITES M AN.
—40.---_
Ssa,—Yoor bulk-loos remarks upon the conduct
of Water Companies, have given general satisfartion
to the discerning and enhiassed part of the Public • ,
and the importance of the subject will, I trust, be a
sufficient apology for this intrusion.
The facility with which Charters are obtained by
specoletets -or adventurers, many of whom are
guided by sordid and unworthy motive., have pro.
daces' evils of such great Magnitude, as to render it
Incembent upon the Ltgisletore to be more circum-
spect in greeting Chartres in future. The facts
disclosed at the late Meetings held et the last
end West pear of the Metropolis are amply suf.
Aden; to peeve the danger of these legalized
IP Monopolies, end the necessity of making them
, sebservient to some controulling power. That
'• .:Joint Stock Companies, duly sanctioned by law,
, jdrive b*bstk in hazardous Concerns of greet iql.
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reheat. and general utility, are entitled to a fair
tad liberal remuneration, cannot be doubted; but to
Nene of arbfitiminl eharee. of on., two, or three hen.
dred recent., without assigning any jest ground for
g*e esenbitant demand, is more than lam able
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C to reconcile, and galls for immediate investigation.—
r I tryst. however, that the Gentlemen who ha./ so
laudablybaniiol their commenced , these
until itnhireeystihgartvtieons,
obtainedwill not
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dress fir past Wieder', and security for the futare.
•,.:.• There is soother species of self-created Joint
Stock Companies orlon which I should wi,h to make
.
& few absortatuilla :. -I) 'ring the last 10 or 12 years
i flambe.- of these illegal establishments hare been
commenced, tlift. greater part of which have sunk under
their own weight. The iMpolicy and illegalityef sod,
' Pmceggiini' I,* not, however, to he estimated by sac.
cesa or failure; the question is, whether an ann-
. 4 ' pawl nornlree of persons shall be allowed to corn. i
bite together for any purpose of trade, which can be
i,...,.. conducted its the ordinary way of business If such
r.l tor.thinations are suffered to exist, the consevence
i f ' sney prove fatal to those who are the object of at.
r 1 . Sack ; end notwithstanding the want of success
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,i mbich has hit:le, to in general attended these comb'.
lift nations, it is highly necessary the law should be
t clearly understood. .
F• Ido not reeoliect mnrs than one instance in which
the penalty has been enforceo, laid that took place,
seven or fight seers ago a' Birmingham. I allude to'
~I the case of a Flour . ompany, estahliahed ill that town
by a number of indivirl trills, tit opposition to the bakers
and dealers in Hour. The ,ihinct 'if that Company was
. • •So supply the inhabitants of Birmingham with flour,
; : it a lower price
Lein the regular trade. They ac-
• , eordingly commenced their dealings, when an indict.
ill
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Meat watt preferred agaiost them for . nuis flies.—
They were found guilty of a conspiracy, and their
eotnbination was immediately dissolved.
There have been several Newspapers estahlished
,I upon the same illegal principle, which may also de.
A t Serf. investigiteion. Among these may be mentioned
the Dos. and, Ore Morning "ildoertiser. The former
1.. Ass been newly christened the Net, Times, by Dr.
..ii Slop, who, from having been a violent Jacobin, has
'' .` *ow become the equally violent partizan of the Go.
aernment. The latter has no very distinguishing tea-
tares in itself, and is chiefly supported by its own
L ' Members.--1 am, Sir, your r.berlient servant,
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AN ENEMY TO COMBINATIONS.
November 18,1818.

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BANK OF ItlOlLAilia NOTu.—iiGentleman cf.
Siding in this neighbourhood paid us this week a
one pound bill of the Hulk of England, which,
believing it to be good, ises sent to the bank of
MOMS. SMITH and Co. to be exchanged, but which
was returned as a forged one. We returned it to
' . ode friend, who, on coming to give us another in
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exchange, told as the following anecdote, its a
proof that no person whatever knows a gond (torn
a bad bill r—Some tin" since he received a ten
. points Bank of England hill, is:sich, with oaers,
he paid into the bank of Messrs. Joustson and
EATorit,l who declared it in be as BAD A BILL AS THEY
11AD EVER SEEN. Ongoing to Boston he thought he
would ask the opinion only of Messrs. GARFLT and
CLAYTON. who also confidently asserted that it was
) f *at 'a good bill. Being shortly tifterwards at Sleaford,
t'. ~...)sa was detet mined to hear the further opinion of
'.t : Ileum PEACOCK and HANDLEY, which precisely co-
: tickled with the decisions previously given, ulna a
bird time the bill was pronounced to be a, worthless
piece of paper. The person from. whom be receiv.
•,, ed it, refusing to •achsnge it, and denting all
1 knowledge of it,• the rust time our info?mant was in
:* London afterwards, he vies ingloced to pfelltmajt to
. the Bank of England, that he might COMPS the
• person from whom he took it to 'pay hiss: 101.
providing it was then declared to be forged; when,
- . to his surprise, change was immediately AiTtis to
him for this said condemned bill ! 0:i merrttopiirg the
eircamstance to a schoolfellow, now a dirk in the
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Bonk, he was told that the rex-ail! presented of the
Some number, (providing there were realty two of
that *umber out), would be stopped, whether it was
good or bOd. is not this a proof that an end ought
to be put to so iuiquitous a system?—(Stanford
No-x:4
. lona- FiSHERIES.—The Association which it is
proposed to form, is to consist of forty Members,
' . who are to subscribe bol.•each,--and thus raise a ca-
Oil of 20001. - Five boats are,to he purchased, and
kept in constant employment ; -the Nester* to he se-
lected from the most experienced fishermen on the
Western coast of England, and the men and boys
to be natives of Ireland. -The boys will be taken
trot the Hibernian Marine. School, or some other
charitable institution in this city, by which arrange-
, ment e provision will be made for some of the objects
of those establishments, and a new generation of
fishermen will be Droeght up in industrious habits,
and instructed in the best method or catching flab.
It is 'spectes that the undertaking will) ield a divi-
t dend of between 20 and 30 per cent. to the Members
f,'. , of this Association, after allowing six per cent. for
X i Interest, eight for insurance,, and for providing all
the other necessary espences.—( Freeman's Journal.)
.- - The Tay. M'Aniey, from Islay to Gihrillar, waa
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absesdoned by Ilea crew on the 10th inst. lu let. 53.
• ii0ng....1 a. being Very leaky.

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