Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1835-09-14
ENGLAND.

the former to the 10Th, and the LATER 10 Inc eo'i
Of July.
Tn. m,o;c,,al corporations bill, as passed IA the
housc If commons. vas brought before it' upper
Aa..se on the 2Sth. but Of course no iniImatoh Is
a6ordcJ on which reliance osa be placed, as I" ITS
ultimate destiny.
The Irish church bill was still Under di'co'''on
10 the lower house.
A committee of the house of common, has 70
commended grant of sic, GOO to Mr.. Quincy for
his improvements in steam carriages.
The bill TO abolish imprisonment for debt has
passed the committee OF the house to which It WIS
referred but il was not expected to como before
the house during the present session
LONDON, July 26.-Thc monetary circles we're
rather taken by surprise with the posting oil the
following letter at the Bank OF England, from The
Chancellor of the Exehcquer, on the subject OF tie
West India compensation loan. Which was rceeh.
cd shortly after one O'Clock. and communicated
y the members OF the Stock Eschanse:-
"Treasury Chambers, July ., 1885.
Gentlemcn--l beg to Inform you, and 10 RI
quest that you will make il known in the usual
manner, that on "Wednesday next, at II O'Clock,
Lord Melbourne and will be ready 10 see any
gentleman who may be dc>irou, Of contracting fer
new loan, under the provisions Of an act passed
in the third and fourth years OF his majesty reign,
for the abolition of slavery.
We then shall inform the parties OF the amount
which will be required, and the time aud manner
Of bidding and hope il will be convenient Tor YOU,
or one Of you, to meet those gentlemen here AT ihe
appointed hour-I have the honor TO he, gentle
men, your obcdient servant,
(Siencd) L. SpRI.o RICr.
"To the Governor and Deputy Governor oil the
Bank Of Eng gland
The whoa, and bay crops VIE promising and cN-
pected TO be abundant.
LONDON, July 2s.-Cjy.--Thc approaching
loan contract wholly absorbs attention in the
MED circles To Judge from the animation and
excitement, that prevail to-day, II would be nlae5-
ned that to call upon people TO lend their money
u Of all circumstances the most agreeable to them.
The competition is expected IL be warm one,
no hint has been given of condition between any
Of the parties cngdee IN forming >i' Tor j, u tn.
lieved that any thing OF the hial VIII take place.
From what is whispered 10 daf an the subject III
very select circles the amount al the loan will pra-
baby NOT exceed IL 100000 The inquiries Of
the Chancellor Of the TX hrQ3er have led him, As
il IL said, TO believe that laree portion oi the W
India claims will not be established I'll very dis
tant period some Of them. possibly not at all
and to 60 al under these circumstance, 10 the
whole extent OF the grant, maht be To enlail an
unnecessary debt On the cop4lfy. independently
Of the amount. i, i, question 81 some interest IA
the " in what stock The loan Is 10 bc raised.
10 general, a great prejudice exists against the
81 per cts. called usually the heavy stocks, aud
the Minister will undoubtedly obtain better tenn,
a. regards the annual charges, by raising tIc sum
required wholly in per crns. though he "lll by So
doing increase the nominal amount OF the capital.
The applications for subscriptions to the loan have
been numerous indeed and iii, given out that