Circular To Bankers, June 12, 1828

Circular To Bankers

June 12, 1828

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Issue date: Thursday, June 12, 1828

Pages available: 8

Previous edition: NA

Next edition: Thursday, June 19, 1828 - Used by the World's Finest Libraries and Institutions

About Circular To Bankers

Publication name: Circular To Bankers

Location: London, Middlesex

Pages available: 12,035

Years available: 1828 - 1853

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OCR Text

Circular To Bankers (Newspaper) - June 12, 1828, London, Middlesex 1 i; No. 8.] FRIDAY, SEPTEMBER 12, 1828. t TO OUR SUBSCRIBERS Sirs, The half-yearly meeting of the Proprietors of Bank Stock, to be held in open court, for the purpose of de-claring a dividend, is not yet advertised, but it will pro- * - bably be held about the 25th instant. We think it is likely to be a full meeting, and hope that many Country Bankers will attend; as well those who are old pro- _____ ' Proprietors, of their having ruminated upon it to a salu- t tary purpose. We have nothing to say respecting the motive that might urge Mr. Huskisson to attack the Bank Directors with such severity. He might be. instigated by tne patri- m t ' r ' * * t otic spirit of a? virtuous minister, ardent still in his retire-ment for the public weal; or, it might be the uneasy feeling of a man, who seeing the disastrous effects of his own policy, respecting the currency, accumulating around him, - \ prietorsof stock, as some who have within the last twelve which impelled that Right Honourable person months wisely become possessed of it, in order that they shift the responsibility from himself. Be thai as it mayA�e state of the currency and the affairs of the Bank have become may ascertain in what state the affairs of the Bank are now that the Directors are grasping at such extraordinary I such as they are, by their joint co-operation and manage- .��*�� .'v t'v v and dangerous power. We cannot repeat too emphatical- ment. Mr. Huskisson was the secret adviser of Lord dangerous power;-dangerous to the country," and Liverpool in all his measures, and he directeifferA^pfte-eminently hazardous to the best and permanent interest of ;{ rich in all his actions. The Bank Bank Stock Proprietors. From what sources the present amount of dividend can struments in maturing the policy bF those noblemen. All men of property, and every man of sense and re flee be kept up, it"isj>ast'"'-but comprehension to divine. The \ tion in the kingdom, place a confident reliance upon the purchase of thleJ Bead Weight Annuity was one of that kind of lucky advehtures which we sometimes witness in commercial affairs^ on a minor scale, that turn up to save at what an expense of the character a sinking firm. of discreet and thoughtful Bankers did the Directors ac-quire this advantage! The speeches in Parliament are open to all, and they have sounded the charge of adven- turous indiscretion through the" country, with some effect. But the Directors are'also aware, no doubt, of the denim-ciations of their policy poured forth by Mr. Huskisson in the Finance Committee. Nothing was ever said, in Par- liament, or oufcbf Parliament,by Mr. Grenfell, Mr. Baring, , ;br Mr. Hume, half so severe Mr. Ricardo,'MK in its c nation a * which4 was uttered by Mr. i * Huskisson,'with indignant censure, t6 the Members of the Committee of Finance, at i morisltrWus folly of the pirect6rslu They have not yet; forgotten this, and e to witness some evidence, at' the ensuing Court of No.U. Proprietors of Bank Stock compelling the Dir�cl to mak fu and plicit d of the of their the affairs, periodically. Nothing so monstrous exists in _ *" 1 f I world, as the mystery of the Directors, respecting the concerns of the Bank of England. This mystery is" diametri-cally contrary to the spirit which actuates/all men of ch publ i have recently affairs. The ministers of- the Crown awous occasions, confessed, that there way of keeping public matters right, than sub II itting fai clear; min d comprehen fo examinatio The d of th to the public, f j principle, and its urgent necessity, caused the matter eon- ly document, ; the fourth the Finance r Gained in that able and maste Report, to be submitted to Pari F Committee. The financial part of that Report was fur riisbed by Mr. Herries; correct) ible and indefatigable coadjutor TCrectors to tell "a British publio that they.are aibov (1 and made perfect by his Is it then &r.the Bank ;