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Circular To Bankers (Newspaper) - July 7, 1837, London, Middlesex 1 LI r 51 No. 469.1 JULY 7, 1837 BANK OF the quarterly average of the weekly li power and at periods of when nant remonstrances assail the occupants of and the people show symptoms of turbulent dis- 4 assets op the bank op from April 4, to than is the same guardian spirit apt to exhibit june 27, 1837, published pursuant to itself when its exercise is demanded in the opposite willi Liabilities cap. 98. Circulation Deposits 10,424,000 Securities Bullion 4,750,000 When the people are beginning to run mad in then are the great who in the extremity attempt to stay its employed in forcing forward and increasing its This we charge upon June 29, 1837. TO OUR all who were placed in authority and had power to stop or counteract the spread of mischief during the sessions of 1835 and 1836. And yet of the two respective of administering stimulants under and that of counteracting the causes of dangerous excitement when they first begin to the latter is by far the v - 1 H. * * WO Sirs m 29, St. Lane hold the of mischief to much mdre desirable than its correction when it becomes W we di that the causes of that it ought to be the duty of the Board of or of 1 1 bance in commercial affairs have abated in the violence of some high authority possessing the same influence and their and perceive no danger from new under- power as that department is supposed constitutionally to takings proceeding on the tow level of we think to watch the first manifestations of and to stimulate rather than repress in the most striking and emphatic warn the it our duty to endeavour the spirit of course for all men to adopt who we must be the proper people of the sequences of entering pon or y inn courses of reckless specu These on publ pinion d popular action at times like the are in most long in leading those who rashly em presen it is. And hether that infl right to bring be si to be on larg publ bark in them to the point of greatest and thei results are so that the check should be im 4t pinion if the position th we be a sound posed and imposed too with decision and the viz. that periods of unparalleled depression of feeling earliest It is poor consolation to a man in among the most active and industrious classes of the 1835, sent out orders to China to purchase all should be done by persons in any public silk at twenty-four and tea at the however high or however low may be their to be told in 1836, when the goods so that can ith truth and fair of sition is II less be done to bought are to be sold in the British that the safety habits of the Bank of and the policy of the Govern - among the Unfortunately this require that he should sell the silk at fourteen be by persons of great and the tea at sixpence the And yet this feeling of and ore No. 469
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