The Statesman.
London, England, 1810-08-11 00:00:00

these benefits every effort was strained, for the profit appear.
ed in proportion. The means and the tricks resorted to for
t his purpose are too 1111MertMS.iti he detailed. SoMeti Ines their
notes (to Irevent their being sent is hs people who had nn
Idetrioolitan connexions) were payable in London alone. andl
sometimes and more commonly at the place only where they
were dated. And what if they were carried in (for instance•
by a tradesman in soniemeamre dependent. as most trades-
men are) what was the effect? Supposing that he presented
Istroty of their five pound netts, wishing to make a remit.
Lance to a distant poet of the country, would they c.hearfultd
give Min the amount in large commodious notes of the Bank
of Feligiand ? No. Sir, no such•thfog. As these had arrived
sit the general course of circulation, they had used them for
t !Hi r frequent yetnittances, or had deposited the in their pct.
vette drawers with n similar design. They Would give hie
cae aid two pouniyiank of Eugland notes with all their rag-
ged a:11 tattered imperfections on their heads." These gave
him gremt tremble in copying, the chance of returo, the in-
ereased-postage, aud other accompany imc itsecoyeuiences. In
short they did not answer his purpose. Well then; they
would give him their owndraft on Loudon, at perhaps SO days,
prat '2O if he provided the stamp. If objecting he resisted
tb:s arringemeni.they would remember him in theirwrid ha hey
would throw out his bills, and subsi!entie injure his credit. But
this cireillatiog medium, of which they
.had posseiserltlieim
;eke . war employed for a gaol end, awl be discotiating with
prudent liberality. sometimes jo account, and sometimes
(techifpaily speaking) acro,s 14c desk, at the premium of 5
per rent. the pithli 'on the whole. were accommodated.
Now. Gentlemen (who can, discover no mischief), you nib
your hand,. Triumph not, as el, in your opinion& proclaim
it not yet irk the streets of ASealon. Ihe slow movement of
thil march was soon iaen9tt in velocity, They diFeouMed,
with pai totAkeir eiretittreitte metiltor, ivith, part- they
purchased. EselseqpeßillsotellitirSore'deposited with their
bell ern London: ,l, as they alight need. 6n these:
they received an interest; wiihnut the netted advnlce of as
shilling. and with twee • hut Gocerninent risque. 'Still their
note, d d nut copie in, and. they grew case-hardtmed as the
subjeit Crescit outer nnntosi7.they.teeome more greedy
profit : they slimmed discounting across the lie*, and their
emtoniers, who bad opened accounts, were charged, not °air
with direnum, hut a van viidekied commission (mark
the virtual evasion). for transacting their, business. Other
methods were also devised to evade the.itatule of trotry•eititt
to acquires superior profit. By obtaining the offer of all.
the bills, which were less di.countabTe across the disk than
formed y, they. gained air insight into the Orson. and Ovum-
Stances of meor nor did they neglect their advantage.' They
became nssistors of needy men, and speculators upon advam.
tagenes, understood agreements; and they received a first pro-
lit, which, if the speculation failed. was found to be paid by
the speculators' creditors. They turned adjutants of jObbers'
in laud, sometimes for sale in entirety, and sometiines in bity.
log large doMains, whicls required an enormous Me for the
partition motley (and consequently were bought Cheaply)—
these sv eredivided, and resold iii allotments, on which they
accumulated again. They became securities for recviver-ge-
Gerais; whom they. perhaps, had the influence to appoint,
oral the depositaries of the Goveniment. money, on which they
made great advantage during the. space allowed for its remit.
These, qnd other warn, formed a most profitable trade,
end much too bier:nice to he concealed or eujo)ed without
competition. Commissioners of illumine saw their large re.;.•
turns, and (as there Is no law against it) became bankers la;
their turn. The emelt/does and• grodationi, and declension*
multiplied daily : It was discovered that the cemmand of the
circulating medians could be easily procured, and that kere
lay the gielerbread guilt.
Then, Sir, wr had new hordes of kite-fivers, somewealthy
and some poor-..bankers who hut rarely discounted, and trim
peps nate issuers. who did not discount at'alt. Thep We bad,
14114 we are still blessed with—
jpack gefes glut white notes.
Ali.. weft., int.i grey.
Mingled, mingled, minglad,
of: well/hey Milled may. ,
But yet they ateintairkil d turoehey:• Ton could go to
raarket, or to a shop With thew pod purchase prnri,ious and
your articles of consumption.. lOW hod taken rifect ; the
.order had became teCie4 is the sestear, mid any • thing in
tie shape of a deinand-nott was to be disposed of. Well, Sir.
em I still aske.t where has.beeit the mite-rief, .or told that no
mischief will ensue Alit Ito *hear that the evil has cor-
rected itself, and that-ibis 'Bank gale has subsided, not to rise
at a future hnor / And am I.to be el;eeived by such :a hollOw
lull Good God hue not the ;intimt abases of booking,
(of which. Heaven knows, there were esatu‘'l) Veen nume-
rously multiplied/ /lave not theeviwieuts of usury hero in•
creased? Have nut the Lain: Jobbers, nod llowe Jeitrhers;
and Jobbers of. oareat;'d crifttion rwith all their cOneinni-
tams of Conveyane&s, and Solicitors, and Agents of every
colour and denomination, hadaryafeuence in increasing the
price of Lind and houses, and articles Of consulap i AA have
not the profits of these middle men added to the opP resion
and subtracted from the industryof the lakessinus .stAms;
trasoiOng pie hfic ?• Aud these not existing and lenient-
able evils? When I begin to think'qthersvise, I shall readily
believe in wha; (no doubt) by mine will be m iintained,
that these coingoucoces afire from" Our inordinate wealth, that
they tire the mere plethoric eruptions of our National pros*
petit) I!!
But whom, Sir, am I to rettrd to the author>t of these
grievances? I loot( to the Bank of England, or the pri-
vate Banker, or the demand vole-issuer, or the jobber, or
the Morrow drpen 'ants inittrissisteal? Niit I indeed—i
not queue! upon the seemed, or the third, or sloe fourth,
or the fifth cause, si hen t eau apply 'directly •to the first.-•w
Though I have led no span into these diflicaltics, I shall net
cult) tiro example of she corrupted and entroptors, and =Bo
mire them for measures to which. by cireutemmem. mud fit asp-
Orono they have been induced. I have neither the
gaily of temper, or heart, or undetstandbi,l„ to commit sue*.
tau injustice. I visit it home Lat once, on the prorligiite,Cai.l
ruin, UN Cli CCICED, iuffuence of aurgoverenenbil systens. '
as our degrodiog, UN It ESTR.AIN ED, goveintiientall
Ipower (always considerum it as e)ctieri,oct by hi[llttjisty's
inibterb), grown with the Fundiug System, and couithiAqi
with the aniu-ing thlsui.a ozu4re of uqr popular eepresentatv
tioo, which compelled the Dank of F.siglauti wliap ijoyeati.,
pod originated them disasters.— lilac the 14r/trying.'
!Jut I bend, Wfor a link relief; )ou wid allow it when
yott resect how saddening has been my ••
Quastaligfanda •

• •

~ ..

;,

resapoOot a buglrymii? •
telirve me, Mgt mut *or beteristeti in an nilamltnlioe
Igr.inels of heart whassati journey on the road; hale.tititen,
,
yen for the abort iiiittrrefg4 Min tritnqut feeling
niensal fatigue in more oCig paiartul tturieiie.
'cut, rhea, permit Re totuberrtue mystic..
' • YOtr's mortirboN‘idi,
• . • • larlY.:(fEW.
* Leis etti :eased th Xe'tifols,,and Cp, a.
litockdole. to ututorstand tite ...4nornci genera. ObsreOlog
*hat the ,Jury were particularly olts.itosos uol'eo take more Ana
irgal Interest, looking al them shrewdly. a•enuirkell, ".1 not
Very etal ig sec /to anxious 4 catemot to take mph, thaUlfibe per
seat. inters t." If hetAer tb.re were any molisktatiliaii or btisli
kers nnoingst them, 1 krrata nets but 4 em happy to sitypols
that As is aware of tko plot rressfrace of Usurious &miser-
S. Jos, owl griatildf be glad to set nem token unsafe his (Vida,
cognizance. I ono out to hope Mat he rill not trrviiitato kit
roGljtal carver, dub dolote oat, uulia virtute retleutplut."'