Circular To Bankers, November 7, 1828

Circular To Bankers

November 07, 1828

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Issue date: Friday, November 7, 1828

Pages available: 8

Previous edition: Friday, October 31, 1828

Next edition: Friday, November 14, 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) - November 7, 1828, London, Middlesex f c No. 16.] FRIDAY, NOVEMBER 7, 1828 1 * We are very sorry that we have erroneously, but most blind free from apprehension about the supply of corn: unintentionally,^ inserted the names a Banking firm with the King's health not in a state to create great amongsj. those who have compounded for stamps; and the anxiety:-with Ireland in a condition of comparative more so, because we are led to understand the parties con- tranquillity:-and with an abundance of gold in the Bank der it be mputation upon their discer The mistake arose thus: A Banker brought to us, from an and in the country, this important operation would have been completed, with much greater facility, towards the engraver, a list of those who had compounded. We sent close of 18*27, than it can be now when all these circum-this list to the Stamp-Office, with a request that it might stances, instead of being favourable, are against the under-be corrected]if wrong, and that all others, not upon the taking. This is a truth which present experience tends list, might be given. A great many out of the whole num- powerfully to confirm, and it is our duty to notice it at ber were added at Somerset-House; and all the names the risk of having attributed to us a disposition to create that we published were upon the list, so corrected and alarm,.which does not belong to us. Mr. Alderman Thompson referred, in the House of Commons, on the 17th of June, to a paper which contained increased at the Stamp-Office. p TO OUR SUBSCRIBERS. Sirs, + an estimate of the amount of small notes of Country r * Bankers circulating in England and Wales, divided into counties or districts. The gross amount of small notes in Although we always desire to give the most faithful England and Wales, exclusive of Scotch and Bank of report of those circumstances which are of the greatest England small notes, was there stated to be about five and a half millions. Very general and minute inquiry on Bankers d which have th direct be ing upon their business, it is possible, nevertheless, that this subject has convinced us that that was a very mode- we may have b( exciting alarm, of gold and sib England and VY n too anxiou We know th d the imputation of rate estimate; and we could prove in various ways that sub it, in regard to the supply tute the small note currency in Bankers have thought that we it is such. It is not merely, however, because these general cir-stances give to the question a much greater interest regarded the matte of so much practi cu than it would have had back we are m- diffi r _ _ Ity as it will be found to be, when the full effect of clined to notice it; some passing events of a local or tem- perienced porary character tend to the same effect. W fully that th cy for small notes, bstituting of a mi be found a much A fortnight ago we gav the Italic nait of the C for expecting that the unfavourabl d II peration than it would have b gh- dition of the Exchanges would be fectifi by th V months ago. Previous to the rupture with the Turk ofmerca d Portugal intercourse th us e of st ith the alliance and friendly ; see any depart from that opinion ppl po to d f the precious metals from A immense one of those temporary which the than all oth Tariff of the United S d the beggared condition of glad to percei our die* d on at present This being la ted mo´┐Że his subject; M exico and Columbia have checked No. 16. th th P bl provement in the state of the Exchanges, of there beina. ;