The Statesman.
London, England, 1822-05-03 00:00:00

MEETING OF BANK PROPRIRTORS.

Yesterday a very crowded Meeting of the Proprie-
tors of Bank Stook was held at the Bank, when the
Chairman informed the Meeting that a communication
had bees made to the Director. from Government on
the subject of the extension of their Charter. The
Letter was signed by the First Lord of the Treasury
and the Chancellor of the Exchequer; it stated, that
in consequence of various conversatioes with the Di.
rectors, it was agreed to grant a renewal of their Char-
ter for the space of ten years, on condition that in the
Act for the purpose of effecting that object, they would
consent to the insertion of a clause rendering it lawful
fur any somber of persona, not residing within sixty-
five miles of London, to form copartoenbips in bank-
ing concerns; providing also, that nothing contained
in the new gement should affect the debt due by
the Government to the Bask. In consoqaence of this
communication, be wished to state that the Court of
Directors had come to the resolution of acceding to
the preposition of 0 went, provided it met with
the commence of the Court of Proprietors.
Mr. Slaw extolled very highly t►e prudence of the
Directors, and their solicitude, as well for the interest
of the Proprietors tie for the nation at large, and pro-
posed a regulation to the effect, that the Court op-
proved of the terms ea which the Charter of the
Bank was to be renewed, and that the Directors
should he instructed to carry the proposed arrange-
west into execution, to case it obtained the sanction of
Parliament; and also, :that they be empowered •to
make known to Parliament their opinions upon the
subject.
Ur. Pam, of Bath, s►conded Ott reselados, sad
expressed his conviction that the Court of Directors
in acceding to the measure were actuated by the most
liberal views for the general benefit. He combatted
as unfounded the insinuations which were thrown oat
against the Bank, that they never conceded any thing
but for valuable considerations; that their profits
were too large, and that the distresses of tke country
at large were to he attributed to the system pursued
by the Bank of England. After the concession which
they now made, he hoped that such charges would
be received. The drawing in the paper circu-
lation bad been considered as a rash and presumptu-
ous measure, fraught with the most dangerous Goose-
quences ; but he held that the step bad not been
adopted by the Court of Directors less for the public
benefit than for the reasonable private advantage of the
Bank. After some further observations, the Speaker
concluded by expressing his most hearty concutrence
I s the measure.

Mr. Roans, expressed his assent to the measure,
and as far as we could collect the purport of his ob-
servations, he wished to impress upon the meeting
that they were shout to give up a most valuable article
and deprecated the idea that they should receive the
proposal was a boon; bat held that it should be t
ed to as a in to be adopted fur the security of the
whole country. After he proceeded to express his
hopes that no system of currency would be established
but of a ps; et convertible into gold, which fifty years
experience bad convinced him was the most salutary
and safe system of circulation. He adverted to solar
extravagant notions which, he said. ware entertained
by Gentlemen at the west end of the I nrwithat Omani-
meat might Woe their own notes. No Goveridapt,
be said, could issue a paper which world go throng%
a twenty years war without a depression of fifty per
Cant.
Mr. Yousto thought the question was of such vital
importance, that some adjournment would be desirw
hie, in order to enable the Proprietors to farm a
sound opinion upon it. He was proceeding to coo-
meat on the probable effects of such establishment's.
est
.and on the extension of the currency, when a d -
story conversation arose between several of the P
'pricier., in the course of which it was declared t
country banks would have the opportunity'of molds 4
their payments either in sovereigns or is paper. It
was stated by the Chairman in the • seam of the
conversatioa, that although the Banklid the power,
it was not their intentioo. at • presesit.' .11k Imo sty
small notes.
Mr. RANDLE JACKSON considered the nitrallere
fraught with danger; but no than was mete itaxtuus
than he was to meet the vliwe'ef Goternmeuf In re-
lieving the distresses of doe amity ; aid IV the Kw
so'ntion was, the Court of Peoptietore " emsswater
to, and not approved the totes en which die Chatter
would be reaerred, he should give 'is iiii ' sapper% far
he considered it rather a weasel* II be- sebeitteril te,
than desired.

aid that wiser's, aped.= Awn.
Iser M t• tie seibeme itlpl4 tr dmisisirtraisirdiat ti'
ought timely' di sausage if 'dm* iltttial. 'tl.l
`orrectii. ippigete bit iesdirwlest wit *HOW 11
fed bargain. H. wished Is all oda Mamie tity