Circular To Bankers (Newspaper) - June 19, 1828, London, Middlesex
f \ ri 1 h . T 1 I : 1 h FRIDAY, SEPTEMBER 10, 1828, �1 Win' TO OUR SUBSCRIBERS S IRS 1 fc JBB Li'EYING it to be ah imperative public duty in all who v - * * i assess influence, to devote their utmost exertions to pre rve the present Private Bank system of England we learn that every opportunity is taken by >4Sai$irW "oir' makingJ flie 5 subject' ^droughty understood rs, an most i prejudices which Jiaye been adopted, \yy 5 of both houses sources of the From the conduct, evi great change which has' taken place in the of the Bankers who were r P For their sanguine and liberal dispositions, and from the u versal adoption of maxims of 'extraordinary pruden young Bankers how entering upon the management of banking concerns will scarcely be able to comprehend how it could be possible for any men, as Bankers, perpetration of sucli �r0ss folly to * U "ft | r ^ * isfeiVea flow II evils prill- tions evince, to the i opera in great measure, owing the times. Government contracts, their ure, Bankers and in their amazing issues of exchequer obligation's. A lid it was partly owing to the art and mystery of banking SO 1 -past times, arid as an instructive lesson ice serve as a memento tion, e �ame time �* # consequences 9 * remedy of case wou k ho wl ed| V pres'eut state L if such be ah J- day pie. of folly the doiicems Of' a Bank, wliidh terminated in extensive ruin, 1 ' \ conVtnee any that tbe dang i: about tWertty !year^ kgd. The facts came under own 'fi8Swf',&y6|^ ^reUhdedisf bf ^pfjostte character to that c)bserrati�h. The parties are all dead. Consequently, if fcohfiderice. Monidd! their names should, by our redital, be suggested to any of wtuch is um*nWr^fle6tion, seeing that Bahkers, by allowing them readers, (arid this not be the case with many selves to'fje carried into excesses by sanguine calculations expectktions df b'btaining busi- from stimulat c customer* with indiscreet advances of irioney, have become exceedingly cantious. And, i J ^ j I y if public measures ar'6 such as tend, at this juncture, to increase caution, i^may deeply injure the prosperity of Bsui-kfirsJantf cause extensive mtschlef'to the best ihtefeSts bf ttie country have produced disasters customary accommodati hs may be h perfectly right to allude to these transactions for the purpose of instruction. The introduction of the system currency into this country, was the jpowef which surpasses all others in in minuteness, and in the so. ^what- orce, in com of 'its construction and movements: losses: extreme restriction will not, to prevent the1 sam e 1 &rer, either *n'the evidence of facts, or the Illustration ot reasoning, "tends to place the science of banking on more correct ^rin^i^I biust be a matter of importance. With time wiak its u^fulS No fromte sses, allow of eclPiii nabsr depattm^htS vf 1C & revenue 4 i this apology we^efei^ the flowing facts character antl considerable pro in society^carried on the rbaniti snra1?! coimfcy ^to^h-^ in :En^Iaiid.