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▸ said Act of Parliament, consequently, such a commitment as mine
is further contended to be illegal, even under a valid commission of
nkrupt. The case of Perkin v. Proctor, Wilson's Reports, vol. 2.
ge 382, which was cited on that occasion, is a very important one, and
ntains a variety of bearings, the Court having alluded to several in-
nces where there is only a stinted, limited jurisdiction; and, in re
ence to commissioners of bankrupt, the following is a quotation from
report, viz. "There are a variety of commissioners whose power
d jurisdiction are limited and confined, which if they exceed, the law
Il give remedy against them. Where there is no jurisdiction at all,
ere is no judge the proceeding is nothing, coram non judice; the party
this case is no trader; there is no foundation to build a commission
ond the commissioners had no power at all." That great judge, Lord
lief Baron Hale, in the course of his argument on this occasion, is re
rted to have said, "In the case of the bar, we lay the superseding of
e commission of bankrupt out of the case, as if it had never been super-
ded at all the commissioners had no power to act under this com
ission of bankrupt?”” of “stksa" muda gde at
If this be good law, it appears that, under an invalid commission of
nkrupt, whether it be for want of a debt, a trading, or an act of bank.
ptcy; the commissioners have no more jurisdiction before the illegal com-
ssion is superseded, than they have afterwards. Nevertheless, in the
closed affidavit of mine, you will find, that although I protested against
e invalidity of the commission of bankrupt ageinst me, yet I went a
eat length in submission to it, by surrendering and submitting to be
amined at the third meeting, when I answered all the questions that were
t to me. That the commissioners then, of their own accord, adjourned
y final examination until after the hearing of my petition for a super-
deas, which amounted to this, that I was not to be called upon to
swer any more questions until my opponents had answered me; or, in
her words, until the validity of the commission was decided therefore,
the hearing of my petition before the Lord Chancellor had been post-
ned, at the request of my adversaries, who stated they could not be
ady, my attorney told me, that the commissioners would continue their
journment, as a matter of course, on my stating to them, at the ap-
oaching adjourned meeting, that the hearing of my petition for a super-
deas had been delayed by the opposite side. This was the reason for
y declining an examination at that time. Any further examination or
bmission is now objectionable, on the following grounds; namely, the
e preservation of cliaracter, and future security. The stigma which
variably attaches to a commitment by commissioners of bankrupt,
ould be increased by a submission, and could only be removed by my
ing discharged, upon the merits of the case, for having been improperly
mmitted. My views of the matter were stated, seven years ago, in a
tition to the House of Commons, which appeared in the Examiner of
e 12th July 1818, and Morning Post of 9th July, and other papers;
om which the following is an extract Your petitioner conceives
nuself entitled to an honourable discharge from the said commitment,
d as such commitments cannot fail to be disreputable, the preservation
your petitioner's character absolutely requires that he should not seek
be discharged otherwise than according to law; that such legal dis-
harge is also necessary for his future security, because if he could be
duced to sacrifice the present point, which any person may comprehend,
would still be in danger of being re-committed on some other point,
hich perhaps neither himself nor any other person might be able to
nderstand, as it is the practice of commissioners of bankrupt to commit
merely stating generally that the answers are unsatisfactory, without
ving the particular ground of their dissatisfaction; and exclusive of
e foregoing objections, your petitioner submits, that if the commission
e invalid, it would moreover be highly inconsistent for him to pass
rough an inquisitorial scene, thus subjecting himself to still further
isrepresentation, and various other evils, which might arise from either
e misconception or hostility of his adversaries."

shows a disposition to oppress me, that may be carried still further when an opportunity offers, if I cannot counteract it. This may appear to some persons a small sum to talk about; but it is of much consequence, when almost absolutely wanted for the preservation of life.

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APOLOGY FOR MR CANNING,

(From Moore's Life of Sheridan.) jag of ai motanes It was in this session (1794) that Mr Canning made his first appearance as an orator in the House. He brought with him a fame already full of promise, and has been one of the brightest ornaments of the Senate and the country ever since. From the political faith in which he had been educated, under the very eyes of Mr. Sheridan, who had long been the friend of his family, and at whose house he generally passed his college vacations, the line that he was to take in the House of Commons seemed already, according to the usual course of events, marked out for him Mr Sheridan had indeed, with an eagerness which, however premature, showed the value which he and others set upon the alliance, taken oc casion, in the course of a laudatory tribute to Mr Jenkinson (now Lord Liverpool) on the success of his first effort in the House, to announce the another gentleman, the companion and friend of the young orator who accession which his own party was about to receive, in the talents of bad now distinguished himself. Whether this and other friendships formed by Mr Canning at the University, had any share in alienating rather from habit and authority than choice, or whether he was startled him from a political creed, which he had hitherto, perhaps, adopted at the idea of appearing for the first time in the world, as the announced pupil and friend of a person, who, both by the vehemence of his polics and the irregularities of his life, had put himself in some degree under the ban of public opinion, or whether, lastly, he saw the difficulties which even genius like his would experience, in rising to the full growth of its ambition, under the shadowing branches of the Whig Aristocracy, and that superseding influence of birth and connections which had contributed to keep even such men as Burke and Sheridan out of the Cabinet,-which of these motives it was that now decided the choice of the young political Hercules between the two paths that equally wooed his footsteps, none perhaps but himself can fully determine. His decision, we know, was in favour of the Minister and Toryism; and after a friendly and candid explanation to Sheridan of the reasons and feelings that urged him to this step, he entered into terms with Mr Pitt, and was by him immediately brought into Parliament, no memor However dangerous it might be to exalt such an example into a precedent, it is questionable whether, in thus resolving to join the ascendant side, Mr Canning has not conferred a greater benefit on the country than he ever would have been able to effect in the ranks of his original friends. That Party, which has now so long been the sole depository of the power of the State, had, in addition to the original narrowness of its principles, contracted all that proud obstinacy in antiquated error which is the invariable characteristic of such monopolies, and which, however consonant with its vocation as the chosen instrument of the Crown, should have long since invalided it in the service of a free and enlightened people. Some infusion of the spirit of the times into this body had become necessary even for its own preservation-in the same manner as the inhalement of youthful breath has been recommended by some physi cians to the infirin and superannuated. This renovating inspiration the genius of Mr Canning has supplied. His first political lessons were derived from sources too sacred to his young admiration to be forgotten. He has carried the spirit of these lessons with him into the councils which he joined; and by the vigour of the graft, which already shows itself in the fruits, bids fair to change altogether the nature of Toryism.

THE SPANISH EXILES.

TO THE EDITOR OF THE EXAMINER. SIR, In transmitting the enclosed three sovereigns-(if he will honour us by accepting them)-to the Spanish Officer alluded to in your paper of yesterday, whose wife is in ill health, and compelled to perform the most menial duties for her family; you will confer a favour on those who, in addition to commiseration for the unmerited sufferings of one of their own sex, have ever felt the utmost indignation at that state of things, generous opposition to which has too often led to the persecution and total rain of many of the most exalted and high-minded of human beings. Great James street, Bedford row, Dec. 12th, 1825.

At my second personal hearing in the Court of Chancery, which was
lly reported in the Statesman of 18th April 1816, I produced in Court
account taken from statements made in the affidavits on both sides,
hich showed that the petitioning creditor was indebted to me when he
ed out the commission; and my statement was not controverted on the
posite side: the commission was therefore proved to be invalid. The
ord Chancellor said, at the next hearing under my petition, that it a
ight turn out that there was no petitioning-creditor's debt, but that I
ust go to a court of law for a decision. In the Examiner of 28th July,
817, is inserted a copy of a petition of mine to the House of Lords,
hich prayed that the Lord Chancellor might be empowered to supersede
mmissions of bankrupt without a trial at law, on full proof before him,
Don affidavit. of their invalidity. Since that time, the Lord Chancellor,
nd also the Vice-Chancellor, have superseded commissions of bankrupt,
r want of a petitioning-creditor's debt, without any trial at law.

in

I have been obliged to go into the foregoing particulars of my case, -der to show the impropriety of being told by the Marshal, that I have mained in prison upon choice. How far it was proper for him to exert s power to prevent my obtaining a subsistence in prison by my own kertions, and to distress me in other ways, which I have slightly oticed, any person may soon be able to decide, n

Set 1) Lam, Sir, your obedient servant, ing's Bench Prison, Dec. 6th, 1825. A JOHN, Dufrene. P.S. DEC. 13. The present state of the chummage is this: many ave two chums, others have one, and some have none. who have een confined longer than any other person now here have 5s, the week rawn from me most unnecessarily for the payment of a chum which

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[The three sovereigns (from J. S. H. F. H. and A, H.) transmitted by our generous correspondent, have been forwarded, with the letter, to the Editor of the Times, in which journal the paragraph given in the Examiner originally appeared. The receipt of them was acknowledged in that paper of Tuesday in the following manner shy gemos galataide to "Received since our last, for the suffering Spaniards lim -"lacereta From J. S. Ho.........£1 0 From N. L. Liuduob.. pab.£10 an F. H... 40 An Advertiser. Jaun pi074 A. H 10 Ju Yo bei19890 9019d lo "With the exception of the above sums, which are still in the hands of the Editor, and of 51. from the Social Fellows under Old Parr," which was yesterday lodged with Mr Freshfield, Secretary to the Spanish Committee, all the contributions to this very interesting charity have been distributed among the families who were its immediate objects, by the Spanish General Torrijos, whose name carries with it whatever praise belongs to the highest degree of humanity, integrity, and honour. We shall request this distinguished Officer to send us a statement, au thenticated by his signature to satisfy contributors of the mode in which

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he has employed the subscription, amounting in the whole to 324. 14s. but consulting the delicacy of individuals, in what concerns the names of the parties."-The same paper of Wednesday, after announcing the receipt of 50% from the excellent Member for Westminster, Sir Francis Burdett, adds, "We take the liberty of assuring the benevolent persons who interest themselves for this charity, that the immediate wants of those particular families, in whose names and on whose behalf we ventured to solicit the compassion of our countrymen, have been relieved to such an extent as makes it our duty to decline receiving any further benefactions on account of them. This object being so far attained, it would be an injury to other sufferers to divert from them, into a channel which no longer calls for it, the stream of public generosity. We, therefore, beg to recommend, that instead of sending their contributions to this office, the charitably disposed will have the kindness to remit them to their bankers, to the credit of the Spanish Committee, of which Mr F. Freshfield is the secretary, and has an office at No 20 Throgmorton

street, near the Bank."

credit.

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there is much more property convertible than will liquidate every claim which can be made.' The failure of Messrs Williams led also to a sus pension of payments by the banking-house of Sir Claude Scott, Williama, and Co., of Holles street, but that house confidently expects to be able to resume payments in a few days. The difficulty in obtaining money is not to be paralleled within the memory of the oldest merchants on the Exchange, who declare that the memorable epochs of 1797 and 1815 beat no resemblance to this. The Bank Directors on Tuesday came to the resolution of advancing the rate of discount to 5 per cent. instead of 4. At e time of general panic, circumstances of the most trivial and even lodicrous nature may lead to rumours of the most serious kind. An instance of this sort occurred on Tuesday, when an old woman falling dowu, in-s fit at the door of a respectable banking-house, drew a crowd together, and persons at a little distance seeing the numbers naturally took them to be occasioned by a run on the house. Hence arose a rumour, which, like many sinister prophecies, tended to produce the very evil appre hended. On this occasion, however, the demands were met with such promptitude as effectually to put an end to the false alarms.

On Wednesday morning, when business commenced in the City, it was ascertained that two more houses had suspended their payments, Messrs Sykes, Snaith, and Co,, of No. 5 Mansion-house street, and Messa Everett, Walker, Maltby, Ellis, and Co., of No. 9 Mansion-house street.→ Twelve country banks drew on the latter firm, which, it was thought, would have resumed its payments immediately; but the Bank, to whom a proposition had been made, having offered aid to the amount of little more than half only of what was required, it was declined as insulicient.-Crowds of idle people continued this day to assemble round various banking-houses, and reports of " runs upon them were in active circulation. The Bank Directors were again assembled, and mach basiness was transacted. One country banker obtained nearly 50,000Z. ins sovereigns; and the Bank Directors gave way on a point respecting which they have hitherto resisted all applications-viz. in lending money on security of Government stock or of Bank-stock; and targe sums were advanced on such securities, particularly to country bankers, who had to state that they were wholly unable to convert them into money in the open market, except at enormous sacrifices. It is further said, that the Directors have adopted a suggestion repeatedly made to them by some of the leading capitalists, that they should purchase Exchequer-brits in the open market, as the most direct and effectual way of supplying the deficiencies in the circulation. The foreign and country bills presentell at the Bank were also liberally discounted. In the Discount Office, the labour of the clerks was doubled, and those in the Five and Ten Pound 1 Offices have been kept at work nearly the whole of the night to sign the notes wanted for the morning. The counters of the Bullion-office were beset by a multitude of persons waiting to convert bank-notes into sove reigns. A process has been recently adopted, by which the labour of counting them is saved, scales, being erected, by which any number of sovereigns, from 500 to 5, may be weighed at once, and this test is infailible. The drain of notes for the country banks has been prodigious: one banker alone carried off with him on Tuesday nearly 300,000. This drain from, the country, it is believed, has much assisted to bring on the London failures; and the number of unpaid and protested bills is said to be beyond all precedent.

STATE OF THE MONEY MARKET, &c. An indescribable gloom was diffused through the City on Monday morning, by the knowledge of the fact, previously suspected, that the house of Sir Peter Pole, Thornton, and Co., of Bartholomew lane, bankers, did not open for business. This house was among the most considerable in London, the firm being agents for no less than 47 provincial banks. Some persons were base enough to profit by the alarm, to spread openly reports of other failures, mentioning without reserve the names of the most respectable firms, with the view of producing a further depression of the funds; and such was the state of mind in which the hearers were placed, that no report, however absurd, failed to obtain implicit belief. The amount for which Messrs Pole, Thornton, and Co. have failed has been variously stated, and there probably exist no data at present, in which any just estimate can be formed; but it is believed that their deficiency does not exceed 200,000l. This is the house which a few days before received assistance from the Bank, on laying before the Directors such a statement of their affairs as was admitted at the time to be satisfactory. The amount advanced by the Bank is said to have been near 300,000l. "Sir Peter Pole (says the Morning Chronicle) speaks confidently that, after the concerns of the house are wound up, his own property will not be less than 200,000l. The profits of the banking-house, for the last seven years, averaged upwards of 40,000l. the year."-The decline of this house is generally attributed to the anxiety felt by the partners at the time when the rate of interest was low, to make a profitable use of their capital, and hence they were led to employ it on securities capable of being realized only at a distant period, or of an inferior degree of The letters from the country on Monday brought intelligence of two failures of provincial banks, but their circulation is said not to be extensive-that of Dobson and Co., of Huddersfield, and of Edmeads and Co., of Maidstone. The latter was one of the agency banks of Messrs Pole, Thornton, and Co. At the Stock Exchange, such was the pressure to effect sales of exchequer-bills, that those securities fell to an enormous discount to 60s., and even on those bills for which money may be obtained at a day's notice at the Exchequer, the discount was 25s,; in other words, a holder preferred receiving his 1001. minus 25s. to-day, rather than wait till to-morrow to receive his 1001. in full. Such was the extraordinary want of confidence, that rich individuals, accustomed to employ their money in discounts, refused nearly all accommodation. even to first-rate paper, and the consequence is truly dreadful to those who hold that which possesses inferior credit. Next to the want of confidence, which has all along acted and is still acting most fatally, as a chief cause of the existing distress, may be classed the diminution of their resources by the London bankers to assist their country connexions, which makes them absolutely unable to give that assistance which their town friends have been accustomed to expect at their hands. At an early hour on Tuesday morning, it was announced that another London banking-house, that of Messrs Williams, Burgess, and Williams of 20, Birchin lane, had suspended its payments. The house was beset during the whole day by a crowd of inquirers, anxious to satisfy themselves of the truth of the disastrous intelligence which had been announced. Some of the other houses in Lombard street, and its immediate neighbourhood, were also besieged by crowds of people on some false alarm given a manoeuvre which appears to have been adopted for the purpose of picking pockets. In one instance, as we have heard, on Monday evening, a house which had closed its shutters on account of the fog, and lighted candles, was actually, for no other reason, reported to have stopped payment. The house of Messrs Williams and Co. had an agency for some country banks, the number of which does not amount to more than 17. We understand," says the, Morning Chronicle, from the most authentic sources, that this calamity is not likely to be attended with any serious result; but, on the contrary, that arrangements are in been told that, had the firm been enabled to obtain the assistance of 50,0001, from the Directors of the Bank of England, for which application was made, under peculiar circumstances, to which the Directors thought they could not consistently accede, they would have been enabled to weather the storm. The suspension of payments is ascribed to the two- On Thursday morning, although the previous day had been one of fold cause of the influx of the notes of fourteen country bankers, whose comparative tranquillity, the failure of Sir Walter Stirling, Stirling, and notes were payable at Messrs Williams's, and the great diminution of Hodsoll, of 345 Strand, was announced, house, however, whose con those balances which were usually deposited in their hands. The well-nexions were not supposed to be much among people of business.-The known wealth of some of the partners, leads to a perfect confidence that "run" upon the bankers generally liad greatly subsided, and confideses

The periodical sale at the India-house of piece-goods, which was to have taken place on Wednesday, was postponed, on the express ground of the extraordinary state of pecuniary affairs in the metropolis.

The Stock Exchange exhibited the same scene on Wednesday as on the two preceding days. In Exchequer-bills, in consequence of the large purchases by the Bank and others, a material improvement took place, and the discount on them was diminished to 17s, The interest of money, as derived from continuation on stock, or the difference between the price for immediate transfer aud for the account, was greater than in any former instance. A sale of Consols for money was made at 761, when the price for the opening was 824, which would yield interest at the rate of 70 per cent. per annum! Several instances of magnanimity and generosity are stated to have occurred in the City during the panics two of them, much to the credit of the monied men. One of the most celes brated of the capitalists sent one hundred thousand pounds to his banker, when he heard of a run upon the house. It was refused, as there was in this case no occasion for the assistance. Another, the head of a Wes Indian House, was favoured with an offer to assist his banker to a very large amount,300,0001. We are sorry, however, to say, these are rare in. stances. The bankers generally have been shamefully used, their con stituents drawing all their money suddenly out of their hands, occasioning the greatest distress, and promoting the panic which they themselves were publicly deploring. Three instances of this are stated to us, bat we refrain from stating the names. Two persons had large balances at their bankers, and sent their clerks with checks to be casted. Such an unusual circumstance attracted the attention of one of the partners (as both the drawers were exceedingly wealthy), and he very promptly not the small residue left in their hands, with compliments that their drew a large amount, and in presence of the banker's clerk locked the notes in a strong box, to be kept at the bankers! It is unnecessary to say the box was sent back and the account closed. Globe and Traveller,

contemplation highly satisfactory to all the customers. Indeed, we have only sent the amount of the checks counts were closed. Another

was returning. At a meeting of the Ship-owners Society this day (Thursday) the Chairman, read the following letter from Mr Manning, the contents of which gave high satisfaction:

སྱཱ ཻ་

SIR-I am sorry to say it is not in my power to attend the Shipowners' Meeting, as every moment of my time for the last few days has been devoted, together with my colleagues of the Bank, in endeavouring to devise means to dispel the terrible and unaccountable panic which has pervaded the mercantile world. I am happy to say that it is likely soon to subside; and the accounts from the country, received this morning, are highly satisfactory.—Yours, very truly, ** WM. MANNING." "The stock of notes and specie in the Bank (says the Times) have never, probably, since the granting of the original charter, been so closely pressed by the demands upon them. All the exertions of the clerks in affixing signatures, and of the Mint in coining, are requisite to keep pace with it. At one period on Thursday the stock of 1001. and 2001, notes was exhausted, and many were issued dated on the same day, the ink on which was, in fact, hardly dry. For a time, also, the stock of sovereigns was so low, that the deficiency was required to be filled up by half-sovereigns, It is understood that in the Bank coffers there is a large amount in guineas, but they must be recoined before they can be again issued. Scarcely a sovereign is to be seen in London, whether at the Bank or at the private banker's, which is not perfectly new and

fresh from the Mint,"

At the settlement at the Foreign Stock Exchange on Thursday, Messrs Selby and Oliphant, brokers of considerable business, were announced as defaulters. The fluctuations in that description of security, on which it is extremely difficult at this time to raise money, have been enormous during the present account. Information has been received of the failure of the Wellingborough and Northamptonshire Bank of Morton, Rodick, and Co., but which is not so much attributable to the existing difficulties, as to the having lost a large portion of their disposable capital through a private agent, who employed it in speculation.

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The very respectable house of Whittakers, the booksellers, has been obliged to suspend their payments; but we are given to understand, that a meeting took place on Tuesday of the principal creditors, when a statement was produced, showing a surplus of upwards of 70,000l., when it was determined by the Whittakers rather to suspend their payments for the present, than to submit to any sacrifice.-Times.

for what purpose they are required. The notes issued are of the date of
the year 1818. It is given out, however, that this is only intended as a
temporary measure, and that the notes are to be called in as soon as the
present exigencies shall be got over.
The Bank Directors found it advisable, on Friday, in consequence of
the impossibility of meeting the applications made to them from all
quarters for the purpose, to refuse any further loans on stock. We tearn
(says the Times) as a piece of undoubted information, that a parcel of
sovereigns, equal to 20,000l. arrived on Thursday from a banking-house
at Leeds to the firm in Lombard street with which their account was
kept, the panic in that district having subsided, and the usual precau-
tions against a run being considered no longer necessary. From other
manufacturing towns iu Yorkshire, as regards the restoration of confi-
dence, similar accounts were received. This is said to be the case also
with respect to the different banking establishments of Wentworth and
Co., whose notes remained in cireniation, and were received in payment
very readily, on account of an arrangement understood to be in progress
for re-establishing the credit of that firm.
Purchases of Exchequer-bille were made by the Bank in the course of
Thursday, it is understood to the amount of 500,0004; but it having been
early ascertained that such purchases were suspended, those securities
declined in value, and were done at a discount of 655. The bank of Sir
Claude. Scott, and Co., in Holles street, has already resumed its pay-
ments.

SOUTHAMPTON, DEC. 13-On Monday morning a bill was posted up-
on the door of Messrs Kellon and Pritchard's bank, stating that owing to
the failure of Sir Peter Pole's bank, in, London, they were under the
necessity of suspending their payments for a few days. A run immedi-
ately began on the other banks of Messrs Maddison and Atherly, and
Fall, when all demands being met with promptitude, it soon began to
abate.
Yesterday there were further appearances of the panic subsiding.
There was very little fluctuation in the price of the Funds. Consols for
Account opened at 81, and closed at 814. Opinion is much divided as to
the measure of issuing one and two pound notes; and the jobbers make
as much of it as possible in the way of spreading alarm; but it seems to
be generally admitted, that there was no other mode of preventing the
total stagnation of business, and its dreadful consequences, in the country,
as it would have been impossible to have coined gold fast enough to meet
the demands of the country bankers.

The Globe and Traveller of last night says: "The Bank (though the measure was taken with the consent and by the advice of the Cabinet) has, in this step, not at all exceeded its legal powers. The calling in of the 1. and 21. notes was merely a voluntary act on the part of the Bank; it has always continued to possess the same power of issuing them as other banking establishments. The Bank seems disposed to confine its issues of these notes to the supply of the demand of the country circulation; and, to this extent, it appears to us a wise and almost necessary measure. It is well known that (with the exception of Lancashire) the circulation of the country districts was, in a great measure, supplied by the paper of local banks. The consequence of the panic has been, in many places, that these Banks have stopped; in others they have, as a measure of precaution, withdrawn their paper from circulaand contracting their ordinary advances to manufacturers and tradesmen. In such a state of things the country, but for some extraordinary supply, would be left almost without a circulating medium. It is plain, too, that the supply of gold coin could not be afforded with sufficient rapidity to fill the void. A great quantity of sovereigns must be necessarily kept of London and Lancashire, and cannot be withdrawn from these districts without producing the same inconvenience it is wished to remedy. As a temporary remedy, therefore, the issue of one and two pound notes was forcibly pressed upon the attention of the Government; and it is a fortunate circumstance that the Bank had such a supply of them (intended, it is said, to have been issued in 1822) as to be enabled to carry

One establishment, not far from the Mansion-house, owing to rumours,
had to sustain a continued run for four days, in the course of which
1,700,000l. was paid. Several persons who kept cash in the house, and
applied to the principal for information respecting the state of affairs,
could only obtain for answer," We attend to no such questions; your
balauce is ready, take it and place it where you think it will be in
greater safety." The principal partner attended in person behind the
counter during the whole of the run, and kept the banking house open antion, abstaining from re-issuing it when it is brought in by their debtors,
hour later than usual. A worthy Baronet who heads a firm in Lombard
street, prepared and arranged in alphabetical order the whole of the
balances, labelled with the names of the owners, and if any presented
themselves, they were asked if they wished for their balances, and if so
they were in a moment produced. On the same house, during the war,
a run took place, when they kept
open, house till twelve at night.in the coffers of the Bank-a great many are required for the circulation
Times,

Business commenced in the City, on Friday, without any announce-
ment of further failures among the London bankers, though accounts from
the country were not so satisfactory, as the following statements will
show-Among the failures are, the Hinckley bank of Sansome and Co.;
the bank of Jervis and Co. of the same place, being the only establish-
ments in that town; the Southampton bank of Kellow and Co.; the Peter-this salutary measure into effect without delay.".
borough bank of Simpson and White; the Wisbeach bank of James Hill
and Son; the Kingston (Surrey) bank, the only one in the town. At
Cambridge all the banks have suspended their payments, the partners
of the respective firms having met together and mutually adopted a reso-
lation to that effect, but intimating among their friends a hope that the
suspension would only be temporary. At Saffron Walden, the firms of
Searle, Son, and Co., and of Searle and Co., have suspended payments,
but there is said to be a union of interests in the two concerns. At Rom-
ford, both the banks have failed. Also the Dorking bank of Piper and
Go the Kettering bank of Keep and Co.; and the Bedford Commercial
bank of Messrs Rawlings and Co.

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The Bank Directors, on Thursday, came to a resolution to introduce again into circulation notes of one and two pounds each, which resolution was on Friday carried into effect. An interview took place on Thursday afternoon,after the Cabinet Council, between the Bank Directors and Lord Liverpool, when it is understood that the step which the Directors had previously submitted to his Lordship's consideration, obtained his full approbation. The reasons assigned for it are the desire they feel of affording full accommodation to the country bankers, who find the conveyance of gold into a distant part of the kingdom productive of much inconvenience. In order to confine the small notes more effectually to the circulation in the country, the Directors intend, it is said, to refuse all applications for them not made on the part of country bankers, who must state

It is observed in the City article of the Globe of yesterday eveningThe citizons are ashamed of the runs upon the bankers, everything is resuming its former tranquillity. No London houses of eminence are talked about, and no further failures of the London banking establishments are even anticipated by our very industrious alarmists. Several further anecdotes are stated of merchants withdrawing their balances, but they are all similar to those before reported, In several instances, they are now as anxious to support the bankers, as they were previously to destroy them. We have heard of several merchants showing their Bank Books to persons calling for freights of ships for sugar, &c, to show they had plenty of cash, but requesting, in fairness" to their bankers, that they would call in a week or two, when the pressure for money would no doubt have subsided. It is stated, the head of the firm of Williams and Co. heard of the failure of his, house when, travelling to London in the mail-coach, as a casual piece of news among the passengers-the messenger sent down to acquaint him with the circumstance having passed him on the road.

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Thompson, Macauley, Hart Davis, Rickards, Holland, the Chairman and
Deputy Chairman of the East India Company, G. Hibbert, Innes, Bon
am, Fletcher, Alexander, Crawford, Bainbridge, Melville, Raikes, Solly,
Warre, Maclean, Gibson, Buckle, Lyall, C. Bosanquet, J. Bosanquet,
Alderman Wood, Alderman Thompson, Alderman Garratt, Alderman
Chorp, Alderman Atkins, T. Wilson, Longman, Hurst, Bonsor, Baldwin,
Sir C. Flower, Sir Jadies S}fal,&e!

their duty towards the public dood en storbo da R
measures of the Directors of the Bank, who, they are satisfied,
credit of the country, we declare our determination to support it to med
"3. That having the firmest confidence in the stability of the pilih
most of our power.' zindandƆ mak anlatnomalƆ pionĤ bu

1

Mr IRVING observed, that it was quite clear the present difficult The LORD MAYOR observed, that the meeting had been called to con- shaken in every quarters it was want of confidence alone that ereal! from panic and alarm, for the prosperity, of the country sesitel sider what was best to be done in the present state of alarm in regard to evils complained of. That solvent houses had fallen aprey to this he bankers he had acted by the advice of his brother magistrates and was too true. He himself had been engaged in examining the Taim thers of great respectability in the city,mes? 1999 atv Astreimpa Sir Peter Pole and Co. who, after all the claims upon them are paid, Mr WSON said, that the difficulties under which the monied interest possess a surplus of 170,0004, beside the landed estate of Sir Patna laboured, arose from an excesso of wealth, People a short time back found 100,000. elsewhere Hear, heard helioijo? 192nd loogasvill themselves possessed of a great deal of money, and they had not made the Mr Alderman WOOD, as one of the originators of the meeting, most prudent use of it. Merced were induced to lock up pressed his warm approbation of the resolutions. He was convinced th their money in securities not convertible on a sudden, and an alte. was only necessary for gensiewan ko, alloy, their balances to remis ration having taken place in the value of money, and certain changes in their bankers bands untouched, to restore immediate confidence, mås the nature of trade, in consequence of ceftain acts of Parliament, thecurity. (Applause.) present unfortunate state of things had thereby been produced. What conzope nul eyeƉ.0Ɔ bas was chiefly to be complained of was, the want of confidence in each other which prevailed among the mercantile men. Hear!) A more striking instance of the evils resulting from a want of confidence could not be adduced than the case of a banking house which had lately stopped pay ment although the individual at the head of the concern was as rich, or perhaps richer, than any person present, and was prepared to pay 20s, 30s. or (Hear!) was the duty of all, as members confidence at community, to support one another, and by so doing, be restored, and the present alarm would subside. He was happy to state that their Chief Magistrate had received an assurance from the Bank Directors, that they would do every thing in their power to remedy the existing evils, 20010322496 B633

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Mr. BARING observed, that it had been anticipated by all rational men, that the fever of last year would be succeeded by the shivering fit which was now exercising its influence on the mercantile interests. Speculations had certainly been entered into which for folly and absurdity had never been surpassed," Nevertheless, persons should not their own faultlet them selfishly exclaim, "It is take the consequences of their imprudence!”— for those consequences, unfortunately, fell upon those who were perfectly innocent of the imprudence! (Applause.) Some of the most opulent and prudent individuals had felt the effects of these follies. It was the business of a banker to use the deposits placed in his hands, and therefore it was impossible for him to meet in one moment the claims of all his customers, though he could do it eventually. No extent of sacrifice could protect the most opaleht in a panic like the present-and it was nothing but a panic. (Hear, hear!) He was satisfied that nineteen-twentieths of the London bankers were quite solvent, and deserving the general confidence; it was herefore desirable that a feeling of confidence should be re-created, by lowing

Williams, which had been compelled to stop payment; was at the pre
Mr Alderman ATKINS informed the meeting, that the house of Re
moment capable of giving securities to the extent of half a million. (Sex,
hear! They would have been able to meet all demands, had they
been obliged ta send 400,000, to meet a run upon an establishment e
where. Everybody who had the pleasure to be acquainted with
Robert Williams, knew him to be a most honourable man, and that then
was none more deserving of credit.Hear medgamin
Co. possessed assets abundantly sufficient to satisfy all demands uportiem.
A GENTLEMAN informed the meeting, that the house of Wentworth and
(Loud applause, ). The house, had been promised the greed up
and it might be expected in the course of a few days to rest neis
Mr. Wentworth. The family estate was entailed s bur Mr. Wern
ments. One fact he would state, which was highly creditable you
jun. had proposed to cut off the entail, and throw all the property intak
bank.
Mr. BARING then moved—“ That it is the opinion of the meeting ty
declarations of a similar description with the present; in the country con
productive of much benefit in restoring general confidence."arpa minat
where the banking establishments may appear to deserve them, myb
had been settled that the Lord Mayor should sign the resolutions
This and the former resolutions were carried unanimously; and,
and judicious conduct, the meeting broke up
of the meeting, and thanks had been voted to his Lordship fet ha

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FROM THE LONDON GAZETTEŠKA P
Tuesday, Dec. 13.
TONINSOLVENEStɔiv 199138 35917 „guind

nieudegint threach to remain in their banker's hands. He for one had kept J. Barber, King's row, Dog's row, les end, builder.
W. Hubbard, jun. White Lion court, Combill, merchant.nal meril
J. Harris, Norwich, bombasin-dresser, Solicitors Messrs Poole a
BANKRUPTSP 9200 1918 sell in
C. Alderson, Lawrence Pountney hill place, Cannon street, flour fadin
Gray's inn square.
Solicitor, Mr Fisher, Queen street, CheapsidedoT demon) iss
W. Hughes, Mill wall, Poplar, ship-builder, Solicitor, Mr Hutcion,
Crown court, Threadneedle street.
W. L Grosvenor, sen. E. Chater, W. L. Grosvenor, juns and C. a
„vundagi 1997la pesa
Cornhill, stationers. Solicitors, Messrs Gregson and Fonperean, Aug
W. Smith and T. Richards, Manchester, tailors. Solicitor, Mr C
court, Throgmorton street.
Gray's inn.
Solicitor, Werbeeida, beer tha

ment (of which he had not the slightest apprehension), he should be less
should stop pay-
ashamed to see the balance due to him in his books, than to have it said
that he had distressed his bänker by selfishly hoarding his sovereigns..
(Loud applause) Under present circumstances, individuals had an im
portant publié duty to perform, and it did not become them to act under
the influence of mere noise and clamour. Such an example was even more
necessary with respect to country than London bankers. Country people
seldom reasoned about the probability of their banker stopping payment;
the moment they got the idea into their heads that it was to be, they never
could get rid of it until they brought about the event which they most dread-
edas When it was considered that there were about 800 country banks,
each drawing upon some Bank in London, which, in its turn, drew upon
the Bank of England, it was almost impossible to say what calamities W. Cather, Liverpool, merchant.
night sèdult from a panie, arising in most instances from ignorance, but
sometimes, he was compelled to

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Chancery lane.

Strand.

heari! be Hwanticipated the most beneficial results from a declaration pro-
created by malevolence. (Hear, T. Monks, Upper Clapton, bleacher,
ceeding from the centre-the very heart, he might say of the kingdom,
expressing entire confidence in the banking establishments, and stating
on no sub-

and

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Messrs Battye and La Solicitor, Mr Willett, Ex

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J. Walker, Kennington common, Surrey, schoolmaster. Soliciters, M
R. Hobbs, Duke's row, Pimlico, brewer,
bury square.

Van Sandau and Tindale, Dowgate hicitor, Mr Florance,

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ST

that the present alarm arose from a mere Cot prepared any propo: M. Booty, Carisbrooke, Isle of Wight, wine merchants Solicitors

stantial foundation. ( Move." He was not
sition, but on account of the importance of the subject, and the expressed
wish of the meeting, he would undertake to frame a résolution for their
adoptions (Great applauses)2016 85 Vaj naw (2061) 1897 aid.

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After a short conversation, Messrs Baring, Irving, and Wilson, withdrew for twenty minutes, and on their return, Mr BARING moved the following resolution via sit dont 16 CASES UN to 2010KH That the unprecedented 'embarrassments and difficulties under which the'effdulation of the country at present labours are mainly to be auributed to a general paffic, for which there are that this meeting has the fullest confidence in the means and substance of are no reasonable grounds; the banking establishments of the capital and the country, and they believe, thit theadfing generally upon that confidence would relieve all those. symptoms of distress which now show themselves in "a' shape so alarming toquimtimid, and so fatal to those who are forced to sacrifice their property, to meet saddew demands upon them, which it is no imputation

judgment and prudence not to have expected. Sism of upon their

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M. Barber, Morton Banks, Yorkshire, maltster. Solicitors, Mera Bar
Anderton and Williams, Quality court, Chancery lane,
and Co. Chancery lane.

T. Varley, Staningley, Yorkshire, aloth-manufacturer. Solicitors, Mar
Battye and Co. Chancery lane. M

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Poole and Co. Gray's inn square.
1. Newton, Trowbridge, Wiltshire, chair-maker....
P. B. Etheredge, Norwich, manufacturer. Solicitor, MrSmith, Yen
J. Peace, Cumberworth, Yorkshire, fancy-cloth-manufacturer. Socia
buildings, Gray's inngetos otra 80 22-1) JusƆ raq &,sboel at-
Messre Battye and Co. Chancery lane.

S. Whitford, Glocester, vietualler. Solicitors, Messrs Poole and
|00 (2281) aħmuð samar
Gray's inn.
bus emailliW arreal fedt beteta ylräsößern)
Saturday, December 17 mod nidnud sindr
bue chasd morì bori9291 INSOLVENT sinupon siieiroval
$. Bratt, Macclesfield, Chester, silk-manufacturer and a bac
WMMurdie and W. C. Fout, Eppingy stationers moles
BANKRUPTCIES SUPERSEDED,hieinige?!
J, S. Wade, Aldeburgh, Suffolk, brick maker, to 178q Jadi

J

MAAM

bulaitca 9:8 ad BANKRUPTS.d! to rotuntia ad o xaropena
W. G. Douglas, Woodcote, Sussex, coach-proprietor. Solicitor, Mr
Dally, Clifford's Inn, Fleet street nos tramun silt grized 1917
Kelly, St James's street, Westminster, milliner. Solicitors, 'Messrs
Cooke and Hunter, Clement's Inn New Chambers.

Webb, Salisbury street, Strand, wine and brandy merchant. Soli-
itor, Mr Lock, Arundel street, Strand. !

C. Harwood, Crown street, Soho, grocer. Solicitor, Mr Hardwick,

Lawrence lane, Cheapside.

Done, Talkoth hill, Stafford, manufacturer. Solicitors, Messrs Willis
Co, Tokenhouse yard, amel

Horn, Liverpool, pump maker. Solicitor, Mr Chester, Staple Ion. *
Bird, Liverpool, broker. Solicitor, Mr Chester, Staple Ion.
Smithy cabinet-maker. Solicitors, Messrs Holme and Co. New Inn.
Murgatroyd, Midgley, York, cotton-manufacturer. Solicitors, Messrs
Vigleworth and Ridsdale, Gray's Inn squared such
Pinnix, Emsworth, Southampton, cattle-salesman. Solicitors, Messrs
Bromley and Co. Gray's Inn square.
Jarritt, Bathy hatter. Solicitor, Mr Fisher, Queen street, Cheapside
M Crum and Ev Ainsworth, Liverpool, common-brewers. Solicitor,
Mr Chester, Staple fun. rokov
Olivant and W. Cooper, Queen street, Cheapside, warehouseman.
Folicitors, Messrs Watson and Broughton, Falcon square.
Edmeads and Co. Maidstone, Kent, bankers. Solicitor, Mr Wildes,

Lincoln's Inn fields. buttanoid Bea!

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Clifford's Inn..

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Harrison, Fleet street, victualler. Solicitor, Mr Harmer, Hatton
Hickman, Lombard street, bill-broker. Solicitors, Messrs Robinson
nd Hine, Charter House square. JÄÄZEN
W. Watson, Newcastle-upon-Tyne, merchant. Solicitor, Mr Arnott,
Vest street, Finsbury Circus.
Tovee and G. Jeapes, Peckham, builders. Solicitors, Messrs Over-
on and Coombe, Tokenhouse yard, Lothbury.
M'Guekin, Upper St Martin's lane, wine-merchant. Solicitor, Mr
Vhittington, Dean street, Finsbury square.
Ochsenbein, Regent Street, silk-mercer. Solicitor, Mr Yallop, Suffolk

treet, Pallmall East.' dorgs) te

Cotterill, Limerick, bacon-merchant., Solicitors, Messrs Nind and Cotterill, Throgmorton street.

B

Allmond, Abingdon, grocer. Solicitor, Mr Hartley, New Bridge street,
Blackfriars!
reader will

THE FUNDS TH

the violent

mils ok. The Public Funds remain depressed on

see in another part of our paper, the
have agitated the Money Market

ing the
whole, though

which they fell be gently advanced from the extreme point

Yesterday they were remarkably

an uncertainty respecting the effects of the recent mearures of Bank deterred the speculators from extensive operations of any kind. est quotations:educed, 791otilo

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per Cents. reduced, 85

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Consols for Account, 814

CTOPRICES OF FOREIGN STOCKS YESTERDAY."

ustrian Bonds, 904 14

lombian Bondant, 55 64 6
(1924) 561 566

Ditto for

Danish Bonds, 5 per Cent. 100
Ditto Marks Banco, 99} 100

Ditto Bonds, 3 per Cent. (1825) 58
natimala Bonds, 55

eruvian Bonds, 408-it obb-7 russian Bonds (1822) 90

Mexican Bonds (1825) 58† † 7 9 8 8
Russian Bonds (1822) 8534
Ditto Account, 584 7498178

Ditto for Account, 86 5
Spanish 5 per Cent. Consols, 13} 12
Ditto Account, 134

French Rentes, 3 per Cent. 62 f.
ex. div.
Exchange, 25 f. 10 c.

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THE foreign news received during the past week, has been of so vague and uninteresting a character, that little in the way of observation is requisite. A private letter from Madrid states, that 20 millions of rials (200,0001.) sterling in rentes are to be inscribed in the Great Book, in liquidation of the claims due to England by Spain, by virtue of the treaty made by Mr CANNING with M. SAN MIGUEL in 1823, It is also intimated, that one of the Spanish Ministers recommended the foregoing step to the King by way of conciliation, in order to prepare the way for the introducing into our market the negociation of the rentes, would amount to four millions. This ingenuity can scarcely whole sum, which, looking to capital adequate to such an amount of however suffice in the present state of things. From South America we learn that the provinces of Upper Peru, consisting of La Paz, Potosi, Charcas, Cochabamba, and Santa Cruz, have declared themselves a sovereign and independent state, forming the seventh republic constructed out of the Spanish Colonies.

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The news from the East Indies, in relation to the Burmese War, is by no means satisfactory. Another native army, it seems, has collected, and the enemy appears to have sagaciously made a virtue of necessity, by adopting the Fabian mode of warfare, as the most destructive at once to our ultimate object and our resources. The throne, it seems, is to be ambulatory; and if our small army is to follow and secore it be far distant. before peace can be ensured, the termination of the struggle may yet ⠀

TREATMENT OF MR BUCKINGHAM.The case of this gentleman will the Hon. DOUGLAS KINNAIRD, and other public-spirited Proprietors of be brought forward at the India house, on Wednesday next, by Mr Hume, India Stock. On various occasions, we have felt it our duty, both as men and as journalists, to call the attention of the publie to the grievous wrongs heaped upon Mr BUCKINGHAM by the Indian Authorities; and we cannot persuade ourselves that the clear proofs which have been offered of his unmerited inflictions will have failed to produce a conviction in the minds of all disinterested persons, that the character of the country will be tarnished PRESS of England will indeed sadly neglect its duty, if it does not put forth if something like justice be not dealt out to the sufferer. The FREE talent and integrity, who has done nothing but that which should most its power, and great is that power, and advocate the cause of a man of especially recommend him to the support and esteem of every friend to freedom and humanity. Connected with this subject, there are some excellent remarks in the number of the Westminster Review just out, under the head of "The British in India," which we recommend to the perusal of all who are concerned in this question-and what true Englishman is not concerned, when the arm of power is wielded for the double purpose of vidual who has dared at all hazards to contend for it? It will be seen, annihilating a great public right, and of crushing the honourable indithat Mr BUCKINGHAM has again triumphed over his private slanderers but however gratifying to his feelings, this will avail him but little, if he is to be despoiled of his property by his public enemies. It is stated in the Constitutionnel that the gross amount of subscriptions which is about 17,3231. sterling. already received for General Foy's family exceeds 433, 185 francs,

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DELAY AND DRUNKENNESS. The death of Joseph Richardson, which took place this year (1803) was felt as strongly by Sheridan as anything can be felt by those who, in the whirl of worldly pursuits, revolve too rapidly round Self to let anything rest long upon their surface. With a fidelity to his old habits of unpunctuality at which the shade of Richardson might have smiled, he arrived too late at Bagshot for the funeral of his friend, but succeeded in persuading the goodnatured Clergyman to per form the ceremony over again. At the inn at Bedfont, afterwards, Sheridan, it is said, drained the " Cup of Memory" to his friend till he 1 found oblivion at the bottom.-Moore's Life of Sheridandidates gorded as A GENEROUS LOVER.—Mr Sheridan's first wife, when Miss Linley, at the early age of 16, was “ on the point of marriage with Mr Long, an old gentleman of considerable fortune in Wiltshire, who sprovede the reality of his attachment to her in a way which few young lovers woulds beat romantic enough to imitate. On her secretly representing to him that she never could be happy as his wife, he generously took upon himself the whole blame of breaking off the alliance, and even indemnified the father, who was proceeding to bring the transaction into Court, by settling 30001, upon his daughter."-Life of Sheridan.

It is confidently stated that Messrs Williams and Co. intend shortly to
open their banking house with two new partners.
Very favourable accounts were yesterday received from Leeds and
anchester, and a considerable quantity of gold, which had been sent to
ese places to provide for a run upon the different banks, has been re-
-ned to London. The public mind is said to have become much
■nquillised in that part of the country alotu2 uzrudsblA „obel

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