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Hydrophobia. Another fatal case has occurred at Stone, are proceeding onwards. The Expedition Philadelphia. A young woman, 19 years of age, was off Belle Fountaine on the 20th of May, having was the victim-she had been bitten about 4 weeks encountered several difficultios, from sand bars and before, and died in 38 hours after the appearance snags or planters, in navigating the Missouri.' The of the symptoms, though attended by three respec- rest of the boats were below. ? he U.S. boat West. table physicians.

ern Engineer, was expected every day. A child at Brooklyn, N. Y, was so severely lacera- The Western Crpedition.-The St. Louis Gazette, ted by the bite of a dog, supposed to be mad, that of the 26th of May, s ates that the steam boat Johnher hand and wrist were amputated. The scull-cap son passed that place on the 19th ult, with troops, was also administered to her.

&c. for the Yellow itone. Dogs. The cry of mad dog” being up at Phila-! A gentleineu at fort Ogage, on the Missouri, in a delphia, cart-loads of those animals are picked up (letter to us, under date of the 17th of May, on the in the city and killed. There certainly are much subject of this interesting enterprize, observes, that too many of them in all our cities.

"col, James Johnson is expected to be at St. Louis, CONNECTICUT. The population of the respective' with his steam boats, by the 15th of this month. If he towns of Connecticut, as ascertained by census in succeeds in his enterprize, .(of which I have no the years 1756, and 1774, has been recently publish- doubts) he will have done more for the benefit of od-but every general purpose will be accoinplish- the western country, inıleed I may say for the whole ad by giving the following recapitulation by coun-, union, than any other man (except Jackson) ever ties:

did. He will have opened a safe and easy commu1756 1774 lnication to China; which will give such a spur to

Whiles blacks. Whires blacks commercial enterprize that ten years will not pass Hartford, - - 35714 654 | 50679 1215 away before we shall have the rich productions of New Haven, . - 17955 226 25896925 that country transporied from Canton to the ColumNew London, - 2-2015 829 | 31542 2036 bia, up that river to the mountains, over the mounFairfield, . . . 19849 711 | 28936 1214 tains and down the Missouri and Mississippi, all the Windham, .

19669 345 | 27494 034 way (mountains and all) by the potent power of Litchfield, - . . 11773 54 | 25845 440 steam. These are not idle dreams, rely upon it: to

me it seems much less diificult than it was univerTotal, 126975 3019 191392 6164 sally considered, when I first came here, to navigate The counties of Middlesex, and Tolland-have the Missouri with sail boats. since been formed from other counties.

| Hut making. Nr. Silas Mason, of Dedham, has inDistribution of caloric for the month of April, 1819. vented a cariling machine, expressly calculated for

Mean for

the manufacture of wool hats. It produces the bat North W. of the capitol. the month. highest. lowest. Tanesville, lat. 39 59 long. 4 58 55 07

in its conic form, all in one operation. Marietta, 39 30 4 28

28 Collon. The following extract from a late LiverChillicothe, 39 18 5 54 57 26 Cincinnati, 39 00 7 31

poolletter, shews the highest prices of cotton in that Jeffersonville, 38 03 8 34 57 77

23 market in May, 1818, and May, 1819. Huntsville, 34 36 9 55

May, 1818. May, 1819. Savannah, 32 08

64 07 Ouachita, 31 50 15 10 72 33

8. d. 8. d. It is worth notice that the coldest day, in each of Sea Island

. 4 6 3 0 the eight positions, was the same day-the 1st of Upland bowed .

, 1 10 April in a space of about eleven degrees of longi-New-Orleans . tude and more than eight of latitude.

Pernambuco .. At Zanesville, the martin and common swallow Ballia - first appeared on the 10th; the peach and apricot | Maranham • . were in bloom on the 16th--the apple on the 27th. Demerara ..

1 69 At Murielia, the presence of martins, and the Barbadoes

1 11 1 34 bloom, were 3 or 4 days carlier, and about the same Common W. I. . . 1 10 1 3 at Cincinnati.

Surat . . . . . . 1 7 0 11 At Ouachita, every forest tree was green on the Bengal - - - - 1 3 0 8 15th of the month. No birds of passage seen there Alubuma. The gorernor of Alabama territory, during the month, excepta few of the large cranes, under the authority of the legislature, on the fourth (Grus Americana, of Brissot). Sugar cane in the week in day, offered 183 half acre lots for sale, in gardens twelve inches high-the growth of only 16 the town of Calaba, being part of the lands given days from the time of sprouting. On the 30th, the by the president of the United States to the territoriver, (Ouachita) was rising rapidly, and about as ry of Alabama for the purpose of a permanent seat high on the same day in 1813, viz: 32 feet above low of government, to erect the public buildings, &c. water mark.

101 lots were bid off for an aggregate of upwards The geographic positions of the places above- of 96,000 dollars. The highest price given for a mentioned, (Savannah excepted, are founded chief- lot was 6,025 dollars, another sold for 5,000--of the ly on the surveys of the public lands of the United number soll, none went oil for less than 500 dollars, States; a system of peculiar beauty and utility. On with the exception of one, which being low and this system, remarks will be made hereafter.

wet situated, went off a little under 300 dollars. General land office, June 15, 1819. J. M. It the St. Stephen's sales, in April last, land sold

Died, on the 27th of May, at Marietta, 0.-Com. very high, many tracts on the river, commanding Abraham Whipple, a native of Rhode Island-aral. upwars of torty dollars per acre; one tract sold at lant naval officer of the revolution. He is said to 96 dollars 50 cents per acre. Many tracts of high bave been the first American who dare to fire a land brough: 29 to 40 dollars an acre. At the May shot on the water In defiance of the Bwitish fag, sales at Cahaha none of the land lay on the river; which he ventured to do on the 25th of June, 1775. tho'gh the pland sold bigh- aay tracts at from

Yellow Stone crpedition. The steam boats Jeffers: 25 to 35 dollars.--Knox. Reg. son, Johnson, Calhoun and Expedition, engaged in a The keel of a 74 gun-ship w. laid at the navy voyage up the Missouri tu the mouth of the Yellowlyard, Portsmouth, N. II. a few days ago.

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NEW series. No. 20—Vol. IV.) BALTIMORE, JULY 10, 1819. [No. 20-Vol. XVI. W'HOLE No. 410

THE PAST-THE PRESENT--FOR THE FUTURE.

PRINTED AND PUBLISHED BY H. NILES, AT $5 PER ANNUM, PAYABLE IN ADVANCE,

To give at one view, the entire report to the other banks has passed, without notice that a diviBritish parliament about the bank of England, and dend has been declared. to dispose of some things a considerable time in In general, we are pleased with this-it manifests type, that we may regain the use of it--no attempt a determination in the banks to pay their debts: has been made to force much matter of our own into but it sits uneasy upon the widow and orphan, whose this sheet: but we hope that it will not be less inte living has been made to depend upon expected proresting on this account.

fits from such institutions.

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TAE ANNIVERSARI.-The people of the United Course of exchange! We have now before us States have just celebrated their great national fes- two “prices current" of bank notes-at Baltimore tival. The aged soldier, in joyous mood, has cofought and Petersburg, Va. The following may serve as a his battles o'er again," and, delighted in the recol- specimen of the “happy estate” to which the people lection of the dangers he escaped, and the priva- are reduced, through the intervention of brokers, tion which he suffered, recounted the history of his begotten and nourished by the paper system: country's griefs and his country's glory-whilst

At Baltimore. At Petersburg

Baltimore notes Washington and Franklin, and a host of worthies Ballere:

par, or specie, par to 1 dis.

" Bank of Virginia, and 2 descended to the tomb, with the yet surviving Farmers bank of'va." }

6 per ct. dis. par, or species and venerable author of the “declaration," were in Farmers bank of Maryland? nar

(at Amapolis)

71-2 to 10 dig. the “flowing cup gratefully remembered." Full- Dist.

Dist. of Columbia baoks, 2 blooded youth again listened to the wond'rous story generally

11-2 dis. 2 1-2 to 3 dis. of a nation's birth, and his heart beat with delicious 1 Spreie paying banks of Delaware i dis

5 to 7 1.2 dis. Boston hanks

2 1-2 to 3, dis. emotions: he felt that it was his duty to preserve the North Carolina

12 to 15 dis. 8 to 10 djs. blessings which the valor of his sire won of the Quantum sufficit!-to shew a perfection in swind. oppressor of his country, and his heart was filledling the poor and needy, never equalled in any counwith solemn resolutions to imitate the example of try under the canopy of heaven, and which must be those who stood firm in the day of trial and bared redressed. It is impossible to bear with it. their bosoms to the storm. Forever revered be this *If, in either case, payable at Petersburg. anniversary!—It is the season when patriotism triumphs over party, and all are seriously convinced Banks in New Hampshire. A committee is an. that they have home, which is the wand of the free" pointed by the legislature af New Hampshire, to

-a resting place for liberty, redeemed by their consider the expediency of taxing the bank of that ancestors: it is a time when all feel, that vigilance is state. the condition on which freedom is granted to us! The committee on banksreported that they found when we know that kings and rulers are only men like every bank solvent; but that the Coos Bank had unto ourselves, when we acknowledge that all are made an issue far beyond what the public interest created free and equal, and endowed with the natu. requires, having abroad in bills $334,000, while all ral and unalienable rights of life, liberty and the pur- the other eight banks have only 264,000. suit of happiness!

A committee is appointed to examine the affairs Political independence is fairly established. The of the New Hampshire bank, because they stated Aag of the United States is known and respected in they had some bad and some doubtful debts. The all parts of the world: but we have yet to contend state owns $25,000 stock in this bank. for an emancipation from habits and manners which being subservient to the interests of foreigners, ren- Massachusettss banks. The committee to whom der us partially subject to their controul, and de- were referred the returns of the several banks in press that high spirit which ought to belong to us Massachusetts, report: That, after a minute examias a sovereign people.

nation of every return, they find them all “solvent

Connecticut banks. It is stated that there has not Scraps about Banks, &c.

been any bank failure in Connecticut, nor even a United States bank stock.Nominal price, 898 a run upon any of the banks. They are all consider90_very few sales.

ed as solvent. Office of the bank of the U. S. at Baltimore-Messrs. William Patterson, Wm. W. Taylor, Solomon Betts, Nero York banks. We are happy to believe, as we Wm. S. Moore, and Robert Gilmore, have been ap- expected was the case, that the wholesale report” pointed directors of this branch, to fill up certain about the failure of the country banks of New York. vacancies that have recently occurred in the board. I noticed in our last, is not true. We find it contra

dicted in regard to several; but are not yet suffici. Bank dividends. The 1st instant was one of the ently informed of the facts to give particulars. semi-annual periods for declaring a dividend by the Banks in New York-An Albany paper savs, It may bank of the Uuited States--but no dividend is an- not be generally known to our readers, that all the notinced.

incorporated banks in this state, are by law, require The bank of Virginia and the Farmers' bank of led to pay an interest of ten per cent. to the holda Virginia, have agreed to make a dividend of 11 per ers of their bills or notes, if they, at any time, re. cent. for the last six months--being a sufficiency fuse to pay their amount, on demand, in current mo. only to pay the bonus to the state. The individual ney of the United States; and that a summary mode stockholders get nothing:

Tof proceeding against them is also authorised and The usual time for declaring dividends by several provided for by law. That the public may be in

Vol. XVI.- 22,

possession of these facts, we copy from the claw re. I try banks is lortuously draron from the pockets of the lative to bani:s," the following section on this sub.people. ject, and insert it in our paper for more general in Swindling.-Yesterday a grocer called on a mer. formation.

chant, in Market street, and said, “sir, my note in And be it further enacted, That in case any in your favor for 8500, is due to day. Here is the corporated bank shall refuse to pay any of its notes, bank notice. I am unable to take it up, but I will licreafter to be issued, in lawful money of the Unit- pay you S200, and the interest, if you will renew ed Statei, on demand, the holder of such bills or the remainder for 60 days.” The merchant connotes shall be entitled to recover the amount therc- sented, took the $200, and gave the debtor a check or, in an action on the case, for money lent, with in for 8500, to take up his note. The check was takterest thereo! at the rate often per cent. per annum, en to bank, the money drawn, but the note was ttom the line of such refusal, with costs.”

not taken up. It was protested. - Phil. Press.

North Carolina. In pursuance of a notification from the mayor, the citizens of Petersburg met last

Law Intelligence. week, to take into consideration the depression of

KIDNAPPING. North Carolina bank notes -- at which several reso.

FROM THE FEDERAL GAZETTE. lutions were passed, and a committee appointed to At the city court of Baltimore during its present receive of the citizens and forward to the banks, the June session, Nancy Gamble, an interesting looking hotes received loy them in their ordinary transac- young woman of 19 ytars of age, was indicted and tions) for payment in inoney current at Petersburg; tried for kidnapping, stealing, and conveying away disavowing, however, any design to draw specie an infant female child of the name of Margaret Pool, or subject the banks to injury or inconvenience. aged 20 months, the daughter of James and Mary

Pool. Tennessee. The Farmers and Mechanics bank of On the trial, Mary Pool, the mother of the child, Nashville bas suspended specie payments. It is testified that on Thursday the 20th May last, about positively asserted that the bank of Tennessee 8 o'clock in the morning, the little child, wlio had and bank of Nashville, are resolved to continue spe- just begun to run about, was playing on the pave. cie payments as usual.

ment in front of her door, and being engaged with

in the house about 15 minutes, she left the child, - From the Albany Argus. We have no belief that and on her return it had disappeared -- that immethe evils which are so seriously felt from a deprecia- diate search was made for it without success; the tion of bank paper, will have a termination, until neighborhood was roused in quest of the child, but the number of our banks is reduced to one half. Were nothing could be certainly ascertained by her until banking operations confined, we believe the coun- the Sunday after, (23d) when the child was brought ty would be the gainer to an infinite degree, on the back most dreaclfully whipped and mangled from score of morals as well as wealth.

lits little neck to its feet. Upon an average calculation, the expenses of a The child was produced in court with the marks cowi iy bank, for cashier, clerks, rent, or interest of the rod still upon it-a sweet, interesting, bcau. on capital of banking house, plates, paper, and or- tiful sprightly child, of 18 or 20 months of age. dinary incidental espenses, must be at least $5,000 Gen. Feath testified, that Iraving heard of the per annuin. The amount of capital actually paid in, loss of the child, he went with others in pursuit of may vary from 75,000 to 200,000 dollars. Take $138. it; that after many fruitless enquiries he at length Oud as the average. Seven percent. interest upon this heard it had been seeni on the Annapolis road, and suim would give less than $10,000 per annum; and accordingly took that direction in search ofit, along atler deducting the $5,000 for salaries, expenses, with Mr. Alexander Russel. That at Mr. Hens. &c. there would be $5,000 left, or three and a half worth's they were told that the traverser dined por cent. as a dividend to the stockholders.

there on Thursday with the child, which she repre* As bank stock usually drawsan interest of 7 to 9, sented as her own-called herself Mrs. Williams, the and sometimes 12 per cent. those unacquainted wife of Jacob Williams, and said she and her husband with banking operations will ask, how is the defici. had quarrelied about leaving the child with her ency made up? It accrues,

grandmother in Baltimore, or putting the child out i. From deposits. The active capital of a bank, to nurse, and pretended to nurse it herself before the is virtually increased by deposits to the extent of family—that she left there soon after dinner and went {heir average amount.

on to Crag's Ferry, where she said the child was her 2. By the excess of circulation above the bona sister's, and staid that night with the child. The next fide capital. Bank charters generally give power morning she took the stage towards Annapolis; was to emit paper to three times the amount of the ca- put down a short distance this side of Mrs. Gamble's pital paid in. But this power must be used with | (her aunt) and carefully avoiding the house of her caution; for a bank should always have at command aunt, had gone round through the woods to Mr. the means of redeeming such portion of its circulat. Pomfrey's near Magothy. Here she was found by ing paper as may be presented at its counter. gen. Heath, Mr. Russel, and others, 10 o'clock, Sa.

The deposits in populous and commercial towns turday night, in bed with Miss Pomfrey, who had are at all times considerable, and often immense. taken off the child's clothes to wash. The child In country villages, on the contrary, they are com. when found, was in the arms of the woman lying in paratively trifting, anal sometimes merely nominal.bed with the traverser. Gen. Heathi accosted Miss Hence, to render bank stock in the latter pronta- P. (supposing her to be the other woman) roughly, ble to the proprietors, dependence must be placed / who denied the crime and charged it upon her com upon an extended circulation, or upon operations panion in bed (the traverser) who confessed the not according with the spirit of their charters. whole truth without any threats or flattery, fear of These operations are various, and are too well punishment or hope of reward. he traverser stat. known among the dealers with banks to require to ed to the pursuers i hat she had taken the child from be recapitulated. The inference we would make the street in front of a house in Charles-street, from these facts is, that one half of the profits of coun. which she described agreeably to the situation of Mrs. Pool's—that she took it up Pratt strcet to xl On the part of the state it was answered. That Mrs. Hamilton's near the Kegg Tavern, where she kidnapping was not strictly a technical term, and not left it a short time in the care of a little girl until an essential word to any indictment at common law she would fetch a bundle of clothes from near the-that its proper import in common parlance was, seminary; that on her retum she took the child and according to its etymology, child-stealing (referring brought it on the Annapolis road in the manner to Johnson's dictionary:] That Mr. Justice Blackabovementioned. Ou being closely questioned as stone was not supported in his definition by the cato her motive, she said that her real object was to ses he had cited, nor by any other case or prece. obtain the reward which would probably be offered dent, or elementary writer--that East had given a for bringing the child back. General Ileath said, broader and more correct definition and description that on examining the child, they found it most of this offence so as to embrace this case, and at all cruelly and inhumanly whipped, lacerated and events rejecting the word kidnap.as tautologous. bruised, so that in many places the blood had grushed there was sufficicnt matter still left in the indictment through the skin. That on enquiry how this had to constitute one of the highest misdemeanors at come, the traverser confessed she had whipped common law. This direction having been given, the poor little innocent because it would not walk the evidence was then submitted to the jury, (the to keep pace with her that its little arms and body counsel for the traverser, admitted that ifthey should were so mangled, as literally to draw tears from se- believe her sane, there could be no doubt of her veral men then present, especially a Mr. Stone, who guilt) and the jury accordingly, without leaving shed tears freely and clasped it in his arnis.—That there box, found her guilty. the traverser's character in that neighborhood was Counsel for the state, Eichelberger and Mitchell. very bad indeed. She had been abandoned by her Counsel for the Traverser, Hall and Kennedy. ; aunt as worthless, and her reputation generally ve. There were also other indictments against the ry depraved,

traverser, one for the inhuman battery of the child, Mr. Alexander Russel confirmed general Heath's and the other for stealing its clothes; on the first of testimony throughout. Mr. Hensworth, Mr. Crag, which she

which she was found guilty, and from the other and Mr. Cook devosed, respectivel as to the traver. acquitted. It did not appear that she had stolen ser's possession of the child at their several houses: the child for the sake of its clothes, or that she had and to Mr. Cook she confessed she had whipped it deprived it of its clothes without intending to re. severely because it would not walk, as she was tco turn them. I heavily laden with clothes to carry it-and once she

Maria Thomas, who had been ailing Nancy Gambad whipped it because it would not keep in the right ble, was also found guilty on an indictment for kid. road. Dr. Handy also spoke of the wounds on the napping: intünt's body, and said they were evidently inflict.

Yesterday, the court passed sentence on each of ed at different times.

the women, that she should, on the first Wednes

day (the 7th] of July and the succeeding Wedneg. The defence, insanity-Two witnesses, Mr. Far. Iday the 14th) stand one hour each day in the pillorell and Mr. Thomas, both testified that they consi- my, to be erected in the jail yard-be imprisoned dered the traverser but little above an idiot--withiu

twelve months, and until security be given for her Mr. Thomas she had lived six weeks as nurse to his

good behavior, in 500 dollars. child, and had been iurned away by Mrs. Thomas on that account - that she would often lie without

NEW YORK SUPREME COURT. any motive and disobey Mrs. T''s orders; although

William Warner, plaintiff--Mathias Bruen, defenMr. T. had no doubt that she perfectly understood

dant. her own property as distinct from that of others.

This cause was tried before the honorable judge Mr. Farrell had only seen her at his house part of a

VanNess, for damages against the defendant for hav. day prior to her going into the service of Mr.

ing issued out an attachment against the property Thomas, and occasionally while she lived with Mr.

of the plaintiff during the time he was absent on busi. T. but concurred in the same opinion. There was

ness in Charleston, S. C. and having notice thereof, also some evidence of a general reputation in the

published in the public newspapers under the “act neighborhood where she had been bred up, to that for reliefagainst absconding and absent debtors." effect.

: The leading circumstances in this case appeared On the contrary-Gen. Ileath and Mr. Russeltes

es to be as follow: tified that she was remarkably smart and subtle, sao! The plaintiff had purchased goods the property facious and intelligent, and mentioned several of the defendant, and had given los note, with an ap. proofs of it that occurred on the road back to Balti.

o Balti. I proved endorser, for the same; tie then publicly left more. Their testimony was supported by Mr. Agui-l the city for Charleston, S. C. leaving his dwelling ton, the Swedish consul (wlio rode in the stage with house furnished and his clerk in the counting-house the traverser from Crag's Ferry to where she left to

Sperry to where she left to attend to such busines as should be required; lie the stage and by Mr. Cook, who had always livedl also appointed a respectable mercantile house as his in her neighborliood; had never heard such a sug

agent, to whom he remitted funds to pay allghis gestion before, but knew her character and dispo

engagements during his absence, except the note to sition were always so bad, that school masters had

the defendant, relying that the endorser would hoturned her away lest she should spoil the other chil.

norit, as the goods for which it had been given, were dren at school and her aunt had driven her out of purchased on their joint account, placed in the her house. Thieir testimony on this point was also hands of the son of the endorser in Charleston, S. C. corroborated by other witnesses.

for the purpose of remitting the proceeds to his fa. The counsel for tlie traverser prayed the court ther to pay the note, instead of which a new note to instruct the jury that the offence proved was not was given by the endorser at 60 days, leaving the kidnapping at common lai, upon which alone the old note in possession of the defendant, who, before indictinent was founded; that kidnapping was the the same was duc, sued the plaintiff at Charleston, forcible abduction of free persons from their own S.C. on the old note, and issued out the attachment into a foreign country, according to 4 Bla. Com. 219 in this city against his property, aud advertised hije So decided by the court.)

| as an absent debtor.

On the return of the plaintiff to New York, the, until six months after the ratification of a definitive detendant did not think proper to relinquish the at-treaty of peace. tachment, and, on application, the supreme courtAn act, which passed in the year 1814, continued ordered a srpercedeas to be issued. The plaintiff the restriction until the 25th March of the following soon found that bis credit had been destroyed; and year, when, by an act which recited in the preamseveral respectable merchants, who had frequently i ble, “that it was highly desirable, that the bank of credited him to large amounts, and endorsed for him, England should as soon as possible return to the declared, that after the publication in question they payment of its notes in cash," the further suspension had no confidence in his mercantile standing; all of of cash payments was directed until the 5th of July, which was fully proven. The case occupied the 1816. attention of the court for two days: and the jury, In 1816 it was again continued till the 5th July, after receiving a mostable and impartial charge from 1818, the preamble of the act reciting, that it is the judge, returned a verdict in favour of the plain. highly desirable that the bank of England should, tiff of five thousand dollars damages.

as soon as possible, return to the payment of its John Well, and J. O. Iloffinan, csqrs.for the plain- notes in cash, but it is expedient that the provisions uff.

of the acts imposing the restriction shall be further 1). B. Ogden, esq. for the defendant.

continued, in order to afford time to the directors New York, June 26.- About three years ago, a dea of the bank to make such preparations as to their lerin hats in this city put up a quantity of undressed discretion and experience may appear most expefur hats in a square bale, and shipped them by one dient for enabling them to resume payments in of the line of packets and stages to Baltimore. The cash without public inconvenience, and at the ear. packet reached Philad, in safety, but between that liest period, and that a time should be fixed at which place and Baltimore, the contents were purloined the said restriction should cease." by some person unknow., and when it reached Bal. The act which passed in the last session, after retimore it was found to contain nothing but old linen "citing that it is highly desirable that the bank of wrappers, paper and stones. The owner of the hats England should, as soon as possible, return to the brought suit against the proprietor of the line for payment of its notes in cash, and that "unforeseen the recovery of the property, which was yesterday circumstances which have occurred since the pas. decided before the supreme court now in sitting in sing of the last act, continuing the restriction, have this city. After a hearing of witnesses and counsel, rendered it expedient that the restriction should be the jury brought in a verdict for the plantiff--da- further continued, and that another period should mages $480.

be fixed for the termination thereof," directed that the suspension should remain in force another year.

The restriction therefore at persent stands limit. Bank of England.

ed to the 5th July next; and, in fulfilment of the HOUSE OF COMMONS.

duty imposed upon them by the house, your com. Second report from the secret committee, on the expe- mittee will proceed, in the first instance, to report

diency of the bank resuming cash payments. the result of their enquiries into the state of the The committee of secresy appointed to consider bank of England, and their opinion with respect to .. of the state of the bank of England, with refer- the expediency of the resumption of payments in

ence to the expediency of the resumption of cash specie, at the period at which by law they are to be payments at the period fixed by law, and into resumed. such other matters as are connected there with: 1. Your committee called for an account of the and to report to the house such information rela- total amount of outstanding demands on the bank of tive thereto, as may be disclosed without injury | England, and of the funds in the possession of the to the public interests, with their observations bank for the discharge of those demands; and have thereupon; have further considered the matters ascertained, that the sum which the bank were lia. to them referred, and have agreed upon the fol- ble to be cailed on to pay, in fulfilment of their enlowing report:

gagements, amounted, on the 30th January last, to Your committee will preface the observations | 1.33,894,580, and that the bank were then in posthat they have to make upon the matters immedi. session of government securities and other credits ately referred to them by the house, by a brief re. to the amount of 1.39,096,900, leaving a surplus in capitulation of the laws which imposed and have favor of the bank of England of 7.5,202,320; exclucontinued the restriction upon payments in cash by sive of the permanent debt due from government to the bank of England,

the bank of 1.14,686,800, repayable on the expiraIt is not necessary to advert to the circumstances tion of the charter. under which that restriction was originally imposed, This document furnishes a clear and decisive by order in council in the year 1797, as they became proof of the flourishing condition of the affairs of the the subject of parliamentary enquiry previously to bank of England, and justifies that ample confidence the passing of the act, by which the restriction was which the public have reposed in the stability of confirmed and continued. Its duration was limited their resources. . by the first act, which received the royal assent on the next point upon which the committee requir. the 3d May, 1797, to the 24th June following. From ed information, respects the amount of cash and Bhat period it was continued until one month after bullion in the coffers of the bank, at the present and the commencement of the succeeding session; and at various other periods since the year 1797. ! again, ly the first act of that session, until one After several fluctuations in the amount of their month after the conclusion of the war, by a difinitive treasure, which was very much reduced at the close treaty of peace.

of the war, there appears to have been a gradual I 1802, the provisions of the acts above referred increase from the month of July, 1815, to the month to were continued in operation until the 1st March of Oct. in the year 1817. During the interval beof the following year; they were further continued treen July, 1816, and July, 1817, the market price of until six weeks after the commencement of the then gold did not exceed 31. 19s per oz. The exchanges next session of parliament, before which period war with the continent, for a very considerable portion having again brokea out, they were continued of that period, were in favor of this country, an!

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