The New York Herald Newspaper, November 20, 1865, Page 3

2 N MONDAY, NOVEMBER 20, 1865. ‘and the bank has been subject to a constant demaad for Hon, oct pegged, the smoanh of advance, mols 27 Ce sronht inte, Se pitas the pe meer tSeore ool, aaa ba tan, forever ane of eo fosy td senened, to eet quater enue contienee ag 00 bestintion Gnag 7 f thi ov outstanding system cash in payment of u od snes, ‘ the 28th of February in eaab year, was: pe GLY purpose I must ee. magn md opinions ef who Were | yy, HOLLAND THINKS THE BULLION STANDARD GAN | | Medora = at the nnn of pened EVIDENCE OF ALEXANDER BARING. ‘Bank ee, ved with some and be) =r, med by you! most to form a ~ WITHOUT DIFFIOULTY. by aye 4 from A fifty \- ‘The following extract from the evidence given by Mr. £10217, 360 1,908,068 | to every h of indi in the country, and if | Judgment with to the causes ‘of late Mr. bey oe ~ to the committee in lions; but are rather led to infer, from Alexander Baring shows the parposes Ege 1,699, 9,008 978 | Mt wore forcod, with a rapidity a8 all appredching to what con debe and the price of will bo |, MP, Holland 4 delivered uhm payments, in which be | 22 general tenor BeGe intemation betore i derable portion of the gold thus drat coffer " 9/839,333-| woul pequi ri . ball . aeeoet bran paper Of the bank has been applied:—“In France, it appears SRT 3006008, iwolvemonth the injury would be intolerable; there. | Your commities havo already observed that for a con- ee yh nig bry os wil be liso it | *FOughout Grost Britain has never exceeded from Dy the report of the Minister of France, that there has 10'963°380 8,736,514 | duction of paper would produce all those effects which | siderable part of the years of 1816 and 1817 the foreign | 9. aifioaits in - yr ‘offect; that it will not twenty to twenty-five millions. 7 been carried to the mint of France, in the sixteen ery '11;114'230 | arise from the reduction im the amount of money in any | exchanges were in favor of this country, and that since | OOY. cary ig lation; that it will not impede CIRCULATION OF THE BANKS OF SCOTLAND, Phomths preceding th Sst of\December last, gold to the 11,030,110 11,718,730 | Country, an effect which I think is well in Mr. | the month of July of the latter year they have been be- | 19 Y cramp circus er of government or the | Whatever may have been the amount, it appears a- amount of one hundred and twenty five millions Ot ‘hdvances to the government | Hpnsag‘lssay om Money.’ | The consoquvnces of par. , Bynes of the witnesses ascribed the unfavora: | evcantilo community; but that, on the soutrary, it will | doubtodly to have been liable to great ‘luctuations, ag francs (being equal to about Me millions sterling), and The amount, therefore, of advances of 0 —_ miraction 9F expansion of the amount of money it ble ‘to eifect of the loans which had been | Picton potapay ne y 5 at Sat, 9 naive to the | may indeed be inferred from the agcounte of the s silver to the amount of a little than three millions | does not appear to have borye¢for BBs time progioy country seem! felt during the progress of such con- | made about that by foreign to the remit. } try “pT ‘i ye 4 welfare desire—a | before alluded to, but with more certainty from the ac- pony Sug; and cares 4 magn eae tait cata them the advances since | noee snk nso haa frm ping ir eg matiies te ere, i hye eo pf er gnc variatle, it is true, | count furnished by ‘the three chartered of Scot in coin from this coum o ee Otes outstifiding f atany i i in fores ent , ariabh standard re) ting the tic hich Uhued during the present year@Miongh the amow' 181d have borne to the notes issued in corresponding | gnimon ot wey Naporiancd whak amount et wmonsy | and to she offect of a very large. Importation of corn In 1.0, cortaln. Goaine, bak ome sane Pease land, ragrasenting fhe proportions whish, the quariasty the importations of this year bas Mot been reported, FAILURE OF THE ATTEMPT TO RESUME SPEQE PAYMENTS. i Your committee are satisfied that the bank, in under- taking to pay their notes in cash, under the circum. atances above mentioned, acted from the best motives and from a belief that tiie measure would tend to facili- tate the complete resumption of payments in specie. Unfortunately it has had a contrary effect, the last of the three notices having been given at a period when the exchanges were unfavorable, when the price of gold had risen from £3 18s. Gd. to four pounds per ounce, and at ‘a time when the bank had not (according to the evidence given by Mr. Harman) that control over thoir issues whieh might have enabled them to counteract the effect of the unfavorable exchange by @ reduction of their currency. ere was, in fact, in the half’ year between July and December, 1817, a ‘considerable increase in the amount ‘of notos issued by the bank. The average amount out- standing in the four half years preceding had not ex- ceeded £26.771,914. In this hall reased to £29,210,035, having been in the previous half year, £27,339, 768. appears by the returns that on the Sth of July, 1817, immediately preceding the payments of the Cae the amount outstanding was £25,800,000. On the 4th of October, being a few days before the pay- antos jg dividends of that quarter, the amount was iasue of sovereigns between July and December, 1817, amounted to £1,240,422; so that hgd the sovereigns remained in cireulation there would have been an in- ‘crease to the circulating medium issued by the Bank of England in the course of that half year, compared with the average amount outstanding in the four half years Preceding, to the extent of £3,675,543. WHAT THE COMMITTEE THOUGHT OF THE ATTEMPT- ED RESUMPTION. Your committee cannot avoid expressing an opinion, that whatever might be the policy and however laudable the intentions of the bank in envazing to make partial issues of coin in payment of their notes, yet when the exchanges became unfavorable and the price of gold rose above the mint price, the only mode by which they could have retained the coin in circulation would have been a contraction of their issues; and unless the bank at that period possessed such a control over the amount of those issues as would have enabled them to effect that objec r committee must consider it to have been inexpedient, in the then state of the exchanges to undertake an extensive though partial issue of coin, which subjected the bank to considerable loss and a great dyain of treasure. Under these impressions, and from a conviction that the continued issue of coin from the bank, by d'minish- ing the amount of their treasure, would have the efivct of postponing the period at which the termination of the restriction can take place, without producing, on the other hand, any advan whatever to the country, while the exchanges and the price of gold are in their present state, your committee were induced to recom- mend to the’ house, in their first report, the immediate enactment of a law to suspend all payments in gold coin by the bank until your committee might be enabled to present to the house their view of the whole subject which has been referred to their consideration. GOVERNMENT INDEBTEDNESS TO THE BANK. The next important point to which the committee will call the attention of the House {s the amount of the issues of the Bank of England which are outstanding upon government securities, or, in other words, the amount of the debt due by ‘the public to the Bank of England. ‘The necessity of the re that debt has been so tant considerations, bent upon them to enter your committee d ato some detail with respect to the origin and gradual e of the advances made by the bank on behalf 0” tl , and the effect which ve, when carried to the amount at which they at present stand, of depriving th» bank of that control over their issues of notes | he eesion of which is deemed by them an essential resumption of cash payments. In the appendix t report will be found an acconnt of the amount of »tvances made by the tank of Eng- land to the govern ven bequer bills and other securities, from t to the latest period to which it can bem! The first item o: account, entitled ‘An advance oat of sums issned. for the ment of dividends” now ‘amounting to the sain 0° £1,098,820, ought not, in the opinion of your committee, to’ be considered as any por- tion of the debt due by the government to the bank. It arises from moncy originally lodged by government at the bank for payment of dividends to public creditors, which, not haying been claimed, bas Som withivaws from the bank and applied to the public service, under the provisions of the acts of the Legisiature passed in ‘the years 1791, 1808 and 1816. It is not, therefore, an advance from the funds of the bank, but it is the prop- erty of the public creditors which has been made availa- blo for public purposes, until demanded by them. It will be seen {rom the account that a great propor- tion of the advances of the bank are at present made under the two heads of “exchequer bills issued,” and “exchequer bills purchased ;”” and before the committee point out the distinciion between those heads of the ac- fount they will slortly advert to the laws which have been passed rince the institution of the bank for the Jegulation of their advances to government. BANK RESTRICTIONS IN THE ORIGINAL CHARTER. On the orizinal establishment of the bank, by the fifth and sixth William and Mary, a penalty is imposed upon the directors, if they parchase, on account of the eorpo- Tatiot,, any crown lands, or if they advance to his Majes- ty any sum of money by way of joan or anticipation on any branch of the public ne other than on such fauds only on which a credit of loan is or shall be granted by Parliament. Such credits have ever since time to time, and advances made from the year 1777 ar 1792, extracted from the documents pub- lished in the report of the Committee of Secrecy of 1797, will be found in the appendix. STRICTIONS ANNULLED FOR CONVENIENCE. 1795 an act was passed protecting the Gov- ernor and Company of the Bank of England from any penalty, on account of their having advanced, or ad- vancing in future, any sums of money in payment of bills of exchange accepted by the lords of the Treasury, and made payable at the bunk, but not charged on any branch of the reven: The motives for passing this set are fully detailed in the evidence given by Mr. Dosan- uet, then a director of the bank, to the Commitico of serecy, in the yveor 1797. He stat’s “that it had been ve custom of the bank, time out of mind, to advance, ¥ the amount of such tfeasury bills of ‘exchange as Yre directed for payment to the bank, until the amount % about twenty or thirty thousand pounds, when the Sasury usually sent orders for the amount of such ance, to be set off from the respective accounts to Web the bills prop rly belonged. In the American Wthey had been permitted to rin to a lareer amount, bhe believed they never exceed £160,000, Doubts ¢rred to him, when Governor, whether the penalties ofie act of William and Mary did not extend to this traction, and fur ‘ne purpose of removing them the act 1793 was introduces and passed.” It appears to haween originally proposed that the bank should be eMpored to advance, w a limited amount of £50,000 or 30,000; but the act passed without any limitation, its Qation’ being, of conrae, confined to advances upon Treay bills of exchange, on which species of security nO ances appear Ww have been made since the restric. Byn act which paseed very shortly after the first restrin act the bank were prolibited from making any h or advance on account of the public service duringhe continuance of the restriction; but at the COMAnsment of the following session it was enacted “that o bank may make an advance on the credit of duties malt, and on the tand tax imposed in that sessionnd any other advance which may be authorized by any yor acts which may be passed during the con tinuance the restriction.” am a + itvorizing thetsaue of exche passed subsequently futrodu empowering the b: Or & Pn of the amount « never Mince any sum they are iited in the pure! ‘al acts, nor have the bills r, exceeded that amount. THE BANDIDS FOR A RENEWAL OF ITS CHARTER. The bed as ‘issued’? are those which past directly to bank from the exchequer, under special contracts agreements entered into; as, for instance, the bills Yod upon the credit of annual duties, and upon the vance of £3,000,000 as a loan to the public, in con@ideron of the renewal of the charter. The billsmrchasd” are those which are taken by the bank (atity on an application from the Treasury) whon an ist of exchequer bills takes place, and when they cannot sold to the public at a premium. The bank ‘never »it any premium, nor deduct any dis. count, upon t bills thus taken, nor do Wey resell such Dilis to t Me, PQUER BILLS I88URD. An account the appendix shows the total amount of exchequer billoathorized to be issued by Parliament In every year Se the year 1792, and the amount which bank was thorized to take of each desoription of ia, The amount tho advances of the bank to govern- Ment (deductinghe sum issued from the unclaimed dividends) on tlggth of February and 2d of Avgust of cach year sincene year 1814, and of the bank notes {raued during therresponding half years, appears from boys Preqted to your committee to have been i £26,611,012 28,201, 882 saree 26,468, 28:3 26,681,308 27,330,768 weary, J orp July to Devotmny. seterece pry § Ha 1814, £23,007,200 Ra : fone ni : moe ; * 5,309) 00 ‘Anguat %, 1817 : Wasons ebrmey tha - syeeeene ry 21, 1 + 21,990,000 From tho year 1790 toxo year 1797, when the i periods, GOVERNMENT INDEBTEDNESS TO THE BANK. It will seon that a material reduction of the debt to the bank took placo between the month of August, 1815, and the month of February, 1816, it having been re- duced in the latter period to the sum of £18,988,300, de- ducting the advances from unclaimed dividends. ‘This debt was again increased between February, 1816, and August following. In that interval war taxes to a very considerable amount were remitted; a large addition, ‘authorized by several acts of Parliament, was made to the unfunded debt, and to the advances of which the government were indebted to the The amount of those ad- vances was again reduced from £37,060,000 to £21,930,000 between the 2d of August, 1818, and the 11th of Februa- Pie to to the bank repay 16 a by poi It was proposed in May, 1818, sum from eight to nine millions, instalments of one million a month, from the month of May; the bank having then considered that repayment sufficient (according to the evidence of the Governor) “to enable them oe the experiment of the resumption of cash payment To meet these charges and the services of the year, and also to effect a further reduction of the unfunded debt, provision was made, by a loan of three millions in money, anda gradual fu of bills to the amount of about twenty-seven the subscribers of money bringing in exchequer bills, and it wag understood that the bank should retain one-half of the moneys paid in, om ae extent of the monthly payments gbove men- It appears, however, that the sum paid in monoy on account of this loan fell short of the amonnt which was expected, and the repayment to the bank did not’ much exceed five millions at the end of January, 1819, one million of which the bank do not consider as an effective repayment, interest to that amount being due to the bank upon'the whole of their advances, ‘The amount of the advances of the bank to govern- ment was, on the 29th of April last, £19,438,900, the sum of £1,098'820 being deducted from the account furnished by the bank, as the amount of advances on sums issued for the payment of dividends, THE BANK DEMANDS PAYMENT PROM THE GOVERN- MENT IN ORDER TO KESUME SPECIE PAYMENTS. It will be seen by references to a communicati n made by the court of directors of the bank to the committee, a8 well as from the whole tenor of the evidenee of the directors who were examined personally before them, that they consider the repayment of a large proportion of those advances essentially necessary, preparatory to the resumption of cash payments. As’the notes which are issued by the bi pon the ¢'scount of mercantile bills, revert to them ‘at the expiration of the period which those bills have to run, and which never excceds sixty-flve days, it is clear that that portion of their issues can be extended or limited at their discretion, while over the notes which are issued in consequence of advances to government they have not prac iy the same con- trol. ‘To whatever extent these advances may be ro- duced, the bank will gain a corresponding control ovar the amount of their circulating paper, and will be ena- bled to supply the diminution of notes ‘thus created by an increase of their issues, either upon the discount of meresntile bills, or by the purchase of bullion, or, if necessary, to inake a reduction in the total amount of notes ott-tanding equal to the whole or any part of the repayment. ‘he only mode, duting the suspension of cash pay- ments, by which the bank can effect reduction of their issues, supposing no part of the advances made by them to the government to be repaid, is by limiting that ac- commodation to trade which they have Jong been in the habit of granting, by the discount of cantile bills of undoubted solidity, arising out of real commercial trans- action®, and falling due within short and fixed periods. BANK PROFITS ON GOVERNMENT DEPOSITS, Although the amount of the advances made by the bank-on public securities is accurately stated in the ac- count in the appendix, and although the committee strongly advise the repayment of the portion of them r red by the bank, yet they think it necessary to ob. serve that in ds uy the actual amount of the debt dus tothe bonk ount of these advances on wilow- “ " tor om favor to the ex- } tob) of toe balnuees of pablié money deposited at the han x Lue attenticn of Paritament appears t) have. been fret called to the extent and operation of those bal the report of the committee on public expenditure pre- sented in the year 1807, from which it appears that the aggregate amotint of the public money deposited at the bank was t lated lo be £11,104,919, and a eum equal to five per cent interest, on the avera‘e balances in question, was ideved, by that commuttec, not far from the amount of the profits derived by the’bank from this source. ‘The average amount. of public balances held by the bank appears to have been about eleven millions, from the year I80T to the year 1816, and in consideration of the advantage resulting to the bunk from the possession them the sum of three millions was advanced by the to government, without interest, in 1808, which divanee was continued, under the authority of acts passed by the Legislature, to April, 1818, ‘Since the ear 1816 the public balances held by tho bank have pon diminished, and their average amount in the year 1818 did not exered the sum of soven millions, Their amount has been still farther reduced by tho operation of an act which has passed in the prosent session, which makos tho growing produce of the consolidated fund available to a limited extent for the public servic, and in a certain degree within those limits lessens the benefit previously derived by the bank from its accumulation from the first to the last day of each quarter. It appears, however, to the committee that whatever may be, either now or hereafter, the amount of the pub- lic balances held by the bank, that amount ought always to be kept in view, and allowance made for it when the advances from the bank to the government are under consideration; for it is clear that if a final settlement of this account were to take place the public money posited with the bank must be eet off against the ad- vances made by them to the governmont upon exchoquer bills and other securities bearing interest. A BANK DIRBCTOR ON THE WITNESS STAND. In confirmation of this viéw of the subject the com- mittee beg leave to refer to the evidence of Mr, Haldt- mand, now one of the bank directors. He states that it is his opinion that a sum of from eight to ten millions shou d_ be repaid to the bank by government, supposing the public balances to remain without wny considerable namount.”” And being asked, “Does tho ag- unt of such balances operate 2s a diminution al advances made by the bank to the publict'’ he answers, “Yes, it does.”” THE KELATIONS BETWEKEN THE GOVERNMENT AND THE BANK. For the reasons alleged it appears to your com™ € that although the amount of the advances of the upon government securities is accurately stated fu ¢ appendix, yet in determining the effect which these ad- vances have of diminishing the control of the bank over their issues, a deduction must be made corresponding in amount to the average sum held for any given period by the bank as a deposit of public money, since that de- posit, By Ifwoning the amount of notes in circulation, reatores to the bank, in proportion to ite extent, tho power of acceding to the applications made to them for the discount of the mercantile bills. Your committee trust they shail not be considered to have entered into unnecessary details in having thus given a full exposition of the relations between the gov. ernment and the bank. It will be seen by reference to the evidence that the amount of their advances to the public ts urged by the bank as one of the main impedi- ments to the early resumption of cash payments, and that in order to make preparations for their resumption the bank require a repayment to the extent of ten mil Lions. The committee was anxious, therefore, that the amount and operation of these advances, and the dgroe to which their effect is counteracted by the balances of public money held by the bank, should be clearly under- stood, and this appeared to them the more necessary ag the committee feel it their duty to close this branch of their inquiry with an earnest recommendation to the House to make immediate provision for the ual re. payment to the bank of that portion of the debt which the bank requires to be repaid, and to establish somo permanent provisions, lzniting and defining the authori- ty of the bank to make advances to the government, and to purchase government securities, and bringing undor the constant inspection of Parliament the extent to which that authority may be in future exercised, THE EXPEDIENCY OF RESTORING SPECIE PAYMENTS. Second, your committee proceed to the next head of their inquiry—tho expediency of reverting to cash pay- mente, at the period fixed by law for their resumption. It Will be seen by a reference to the papers in the appendix that the bank, without departing from the tes upon which their issues on the discount of ntile bills have long been regulated, have made a ory considerable reduction in the amount of notes out standing, compared with their amount at the commence- ment of the year 1818:— From July to December, 1817, the average : amount was, 229,210,038 rom January 7,954, 5) From July to December, aa * 26,487,859 ‘The average amount for the the end of March, 1819 25,704,400 Should the Legislature oration of cash payments on the Sth of July next, the directors of the bank Would naturally feel themselves compelled to postpone the consideration of all other interests to the jecurity of the establishment over which they preside, and would make a farther and very sudden reduction of that portion of their currency which they bave imme- diately within their control. OPINIONS IN REGARD TO RESTORATION, Much important testimony will be found in the minutes of evidence with respect to the offect to be apprehended from a very rapid diminution of the present amount of currency upon the trading and agricultural interests of tho empire, of which evidence your committee deem it incumbent on them to extract a portion sufficient to give the House @ just idea of the opinions prevailing upon this subject among the persons whom they examined, MR. DARING'S TRATIMONY. Mr. Alexander Baring being requested to state in what manner an attempt to effect tere of cash pay- mente within the period of a year would operate upon the commerce ea Cave of re. « 1m Phecled Trawling bullion into the country, wees ee nj the Rage cannot think that th con! specie, w oat tinting. im, ther efate, uaill there was a considers. in bie ‘of specie already in the circulation of the pprehend that by no eater ee pA o. a iseues were totally effects of any sudden reduction of foregarded, gould the sum necessary for the purpose be may exist in any country; but that the question of whether it is on the increase or decrease is oue of great importance to every branch of its industry.” MR. HALDIMAND’S TESTIMONY. Mr. Haldimand stated “that he conceived it to be nocessary that the Bank of En; in order to be ena- bled to resume the payment of in specie, should reduce their mt amount to the extent of three or four millions forcibly.” He ox; “that by the term four millions less being demanded, but from three or four millions being demanded and refused by the bank to the public government, He considered this forced reduction of the issues of the Bank of England to be necessary, in order to restore the rest of the paper in circulation to its ancient value in gold and the ex- c to par.” Being asked if, ‘in order to produce the effect which he anticipated from a forctble reduction of the issues of the bank it would be necossary that the reduction shoulg be sudden,”’ he replied, “In my opi: every possible hyaniege and imoenveniencs to the would arise @ sudden reduction; I should Certainly recommend its being graduat."* MR. GLADSTONE’S TESTIMONY. Giadstonc—a member of the £ felt, but the present state of the trade ot tap ooamiee: aliee year of much overtrading and a great foreign goods in the country, and of British goods for British account in foreign markets, whatever tends to narrow the means of circulation acts ina much greater degree now than it would in other times,” THE COMMITTEE THINK IT INEXPEDIENT TO RETURN TO SPECIE PAYMENTS. After a full consideration of the evidence, and of the several matters to which it 18 material to advert in con- sidering the expediency of resuming payments in cash on the 6th of July next, the amount of the advances of the bank to government, the quantity of bullion in their coffers, the probable effect of a rapid and considerable reduction of their issues, in whatever manner or with whatever view such reduction might take place, your comm tee are decidedly of opinion that it is expedient to continue the restriction beyond the 5th of July next. Third, your committee have now presented to the Toyse their view of the two important points which they proposed (according to the order of reference) to make the first subjcots of their investigation—the state of the Bank of Kagland, and the expediency of resum- ing cash payments on the 6th of July next. They now proceed to offer their observations with respect to the period at which it may be advisable to terminate the restriction. WHEN IT WILL BE ADVISABLE TO RESTORE THE METALLIC BASIS. 4 They will, in the first instance, advert to tho sup- ply of gold which may now be required in order to meet the probable demands upon the bank en the-resumption of payments in specie. AMOUNT OP SPECIZ IN CIRCULATION. ult to form any accurate estimate of the gold in circulation previously to the year 1787, and conjec!ures with respect to that which will hereafter be required must necessarily be more vague and unsat- isfactory. In the communication made to the committee by the court of directors of the bank on the 25th of March it is observed “that the amount of specie in circulation be- fore the war was variously estimated, even by persons best qualified, {rom their situation, to obtain information.” It seems, however, to have been agreed that it was about thirty métions, but whatever the amount the whole bas been exported. Mr. Harman states in his evidence “that the amount of gold in the country previous to the restriction had been e@-timated by the late Lord Liverpool at thirty millions. Mr. Rose stated it + but, perhaps, if wo were to take it at teront that might be about the amount whic), wis to the Restric- tonact.? Tec lds that Le thinks he is warranted in say- tif twenty million’, besides what remained in the 2 was ne fort kcale of expenditure before 1 ug it moderately to contend 14 be necessary now. CH COIN WOULD BE REQUIRED TO RESUME SPROIE PAYMENTS. observed ‘that it is diffieult, in- to form any accurate estimate; byt’ his on is that, with anew and perfoct coin, such as hich, in his opinion, would exclude the whether they are by law exciuded or £1 and £2 notes, not, the amount of such gold coin could not be much han from ‘orty to forty-f.ve millions. He does not that the whole amount would be required before cash payments could be resumed; but he thinks that they could not be safely undertaken 'with much less than half of that amount actually in the country, which its circulation would ultimately absorb; and that the half could be accumulated, without great pressure upon the country, in less than four or five years a present tume.’” The data on which any reasoning, with t to the amount of any metallic currency that wi'l be requir subsequently to the removal of the reatristion, are ~ 1™- perfect that your committee abstain from off-'DE any decisive opinion upon the subject; but they, think that Mr. Baring baz ovorrated that amour+ With respoct also to the disposition of the publie*® require gold coin ‘as currency in preference to note wader five pounce, a conclusion may be drawn, the testimony of other witnesses, differing from’ that which Mr. Baring has formed. It has been -oecrved, in a former part of the report, that when #6 bank undertook to pay their notes ieee in the eat 1817 no proforenco for coin was shown until he foreign exchanger caused a demand for the pu of exportation. Mr. Harman statos in his ovider® “that, at that period, he was induced to flatter him-elf that tho doors of tho ‘bank would be opened— thot (if ho might use the expression) the public would rly know whether the bank was open or shut—that it waa in @ moment of tranquillity; that people seemed indifferent about gold—that, instead of coming to the bank for gold, they brought their gold to the bank; that remained till the financial aperation in France bogan, ‘and as soon as they were talked of the tide turned."” DOUNTFUL TRSTHMONY. Mr. Steckoy, a gentleman very extensively connectod with banks in the county of Somerset, gave evidence to the following eflect:—“In the latter end of the year 1816 and the beginning of 1817 we had a circulation of coin for som? montis; it cost us at that period nearly one hundred pounds to trenemit the surplus quantity of coin to London, of wt = in value, at least, con- kigtod of go! Li pot vet cid of it'in the country, f r Tring te. In the spring of ou 4 town 1 ar one thousand “oe oF OUT baums; ON taking them to our a vanker he requested as a favor I would not leave tiwm there., They had lately sont 80 many to the bar! of Engte hat they did not like to trouble them mote; boeides, the bank only took those which w ty full weight.” PREPARATIONS NECESSARY POR THE BANK TO RE- SUMR. Notwithstand'ng this evidence, if must be aduitted that no satisfactory conclusion can be drawn from the experience of so short an interval as that which is re- ferred to by Mr. Harman and Mr. Stackey. Groat uncer. tainty must prevail with respeot to the amount of gold which may be required for the purpose of internal circu. n; and the bank must be prepared not only for the possibility of a much larger demand for those purpoaca than will probablygbe made, but for the consequences of ain upon their treasure, induced either by such a orary depression of the exchanges as shall afford a proiit on the exportation of the precious metals, or by a Gispoeition to hoard them, arising from sudden panic and temporary want of confidence in paper currency. It must be considered, also, that the stock of gold now in this country is very limited. The long continuance of the restriction has caused the exportation of nearly the whole of that which circulated previously, and the natu- ral mducement to transmit the coin from this country, where it was not necessary, to other places where it could be more profitably employed, has been, ina very trifling degree, counter by the legislative enact ments which prohibit sach an application of it. DIFFICULTY IN OBTAINING AN ADEQUATE SUPPLY It is possible, in the opinion of your committeo, again to procure any qnantity of gold which is likely to be re- quired for the purpoees of currency ; but a corresponding amount of the capital of the country must be withdrawn from productive employment, for the purpose of ac- quiring and retaining the gold in circulation; and causes are at present in operation which are likely, by increas. ing the value of the precious metal inerease, in @ proportionate degree, the difficulty of obtaining, within a limited period, an adequatewupply for the use of this country. OTHER COUNTRIRS PREPARING TO RESUME. It appears that the governments of other countries in Europe are now occupied in substituting a metallic for a large portion of the paper currency, which the necessi ties of war compelled them to establish; and that the supply of gold and silver imported into Europe of late years has been diminished in consequence of tho dis turbed state of the spanish colonies. These efforts on the part of other countries to restore to par with the precious metas the value of their re spective currencios would, by making the exchanges more unfavorable to this country, aggravate the evil of a Jong continued restriction, but they will certainly, by in- creasing the valuo of the precious metals, render in- creased exertion on our part mecessary for procuring a sufficient supply. THE CONDITION OF FORRIGN EXCHANGES A BAR TO RESUMPTION. i — of the page tg ag bese A con- ue cash payments dopends w ‘actual amount of (reamure it be ole to mooumnulate an upon the Spe the oy qevwesy subsequently to their resumption, 0 degree of certainty there be that the market can be reduced to made to conform Unless such @ reduction can conformity established, it will be in vain for the bank en cumulation of treasu ‘beak 008 oF OXI patiaty tho ried, oan render the 7 magids which will inovitably 3s made fer ‘0 Tin 103, ot “it the partios having a right to demand it can ‘ouutinuo to realize a profit of five or six Por com vente ts due appendix afford emple tnforma- ith plained forcibly he meant a reduction, not arising from three or | the course of the last year; and some of those witnesses are of opinion that no measures could have been taken by the bank to control the effect of such extensive re- Other witneeses; adenitting that the causes which have been adverted to @ tendency to depress the ex- changes, conceive that a contraction of the issues of the bank sufficient to cor oa ny ts ae pe uses might, i! ly would, have en {here been ah obligation on the bank to pay it notes in specie on demand. However the exchanges may have boon thus affected in the course of the last and the preceding year, your committees see no reason to apprehend that the causes above mentioned, or any similar causes, can continue to affect them in such a as to preclude the Bank of England, by @ constant reference to the exchanges and the price of gold, and when necessary by a cautious ro- duction of their paper currency, from gradually approxi- mating its value to that of and ultimately re-catab- lishing and maintaining it at par. BRITISH CAPITAL INVESTED IN FORRIGN SEOURITIES. Your bave had submitted to them a caicu- = lation of the amount of British capital now invested in foreign securities, and ef the remittances which may be required for further payments on account of foreign loans. The calculation is founded on the eati- of three commercial houses, extensively See which estimates are stated to vary lo an lo extent, and it is computed that the amount of British capital in foreign public socurities is about ten milton tivo hundred thousand pounds, seven mil- lions of which are supposed to be in French stock. Tho estimate was furnished to the committee by Mr. Haldi- mand, who thinks there is @ possibility of error to the extent of one or two mil 8. He is of opinion that little or nothing more will be sent from this country on account of foreign loans now in course of payment, Mr. Holland, a partner in the house of dlessra. Baring, does not consider the whole amount of British capital invested in foreign, including American funds, to be ten millions; he speaks of capital permanently invested, and does not take into the account that whieh may have been employed in speculation in foreigh funds, a great part of which, he observed, had been drawn back with profit to this country. He does not think that more than three millions of British property are permancntiy invested in French stock, and is of opinion that if it advances in pric® a considerable portion of that will be withdrawn, and that there is no probability that any considerable sum will be remitted from this country in consequence of loans now contracted for abroad. Your committee are of opinion that the future effect upon the exchanges of remittances, on account of for- eign Joans, will be very limted; that preparations for the resumption of cash payments will tend to diminish that effect, and that subsequently to their resumption it will be subject to @ constantly operating control, In corroboration of this opinion the committee re’er to the manner in which the exchanges of France and Holland (countries having a metallic currency) bave been affected by similar remittances, THE FINANCIAL CONDITION OF OTHER COUNTRIES COMPARED WITH THAT OF ENGLAND. The Dutch capitalists have embarked, to a very con- siderable extent, in the foreign loans that have recently been made, and are supposed to have taken nearly throc- fourths of those made by Kussia; but no sensible effect has boen produced upon the exchanges or currency of Holland, France, notwithstanding tic great extent of contributions to foreign Powers which have been de- frayed by that country, bas maintained an ample metal- lic currency. It appears in the evidence of Mr. Holland and Mr, Irving that the price of gold has remained nearly stationary at Paris for the last four years; that in 1807, when there was in this country a variation in its o to the extent of seven per cent, there was none in Panis, and that between the 5th of October and 22d of December last, while tho variations m exchanges be- tweon Paris and this country amounted to four per cent, the greatest variation betwcen Paris and any count which had @ metallic currency did not excced one-half per cent. Mr. Rotbschild, being examined as to the effect of tho contributions which France bas paid to foreign countries: upon her exchanges, replied, “perhaps f:om one to one and one-half per cent.’? When your committee cousidor the extent and value of the exportable produce of this country they can havo no doubt of its ability to command such a portion of the precious metals as mmy be necessacy for the purzoses of internal currency, and to maintain them in circulation by the game means by which they are maintained in other countries, where, trom an imperfect state of credit ‘and confidence’ and the abscuce of banking establish- ments, a much larger metal c currency is necaseary Hr this country will require, in proportion te its fe! trade and internal commercial dealings. «+ AYMENTS, IMPORTANCE OF RESUMING BPEC]? . Difficulties must be enronatoredy ili the prepara. those difficulties arv, in, +” Initics, outweighed fix, 86, lnportant and permanent benef of refer the value of ‘commodities wan mneas- to the year ch, though variablo in a certain ogres, is pon Jes oxPorel to fluctuation than any other that can ISelsod. ‘our committee abstain from entering more at into this important topic from a consideration that Legislature has on various occasions expressly pro- nounced its opinion on tho policy of re-establishing the metallic standard of value, and that the duty which it has devolved on your committee is no other than that of considering at what period and by what means that great object can be best effected. They see nothing in the circimstances of this conuicy, or of Europe, which can render it expedient to postpone preparations ‘for the resumption of cash payments, and by thus deferring, most probabiy, to aggravate the difficulties which may bo inseparable from that measure. If, however, the ‘committee can suggest to the House any'plan by which, in their opinion, the pressure of such difficulties may be greatly relieved, and, at the same time, the most im- portant advantages wich: would gpcompany areturn to cash payments can be realized, they trust thoy shall not be considered to exceed the powers committed to them by the House by the suggestion of such a plan, though it may involve a temporary departure from the laws which regulated our currency previously to the restric- tion. PLAN FOR RESTORING THE METALLIC BASIS. A plan of this nature has been under the consideration of the committee, and before they explain its details or assign the grounds on which they are disposed to recom- mend the severe! measures which form a part of it, they will present the general outline to the House. They propose that after the Ist of May, 1891, the bank shall be liable to deliver a quantity of gold, not lees than sixty ounces, of standard fineness, to be first assayed and stamped at his Majesty's mint, at the established mint price of £3178. 103¢d. per ounce, in exchange for such an amount of notes presented ‘to thom as shall Tepresent at that rate the value of the gold demanded That this liability of the bank to 4etiver cold in ex. change for their yo! chal contre Cor not Jes tian two por more than tire years (ruin (he Ist Of May, 1881 and that 2i the oud of Uw ported cash payments shall a het on a day to be fixed by /’.cliament, not later than the Ist of February, 1820, tho bank shall ’be required to deliver gold, of standard tneness, assayed and stampod as before mentioned, in exchange for their notes (an amount of not less than sixty ounces being demanded), £4 1s. per ounce, that being nearly the markot price of si gold in bars, on an average of the last three months. That on or before the 1st of October, 1820, the bank shall pay their notes in gold, of standard fineness, at the rate of £3 198, 6d.; and on or before the Ist of May, 1821, as before mentioned, at the ancient standard rate of £3 178. 104d. Your committee proceed to state the reasons which induced them to recommend the adoption of these sug, gestions. By requiring the bank to pay, after tho Ist of May, set, a given quantity of notes, in standard gold at the mint price, a security against fluctuation in the value of aper currency will be provided, of the same nature With that which paymenta in specie afforded previously tw the restriction act. If the issues of the bank shail at any time exceed the amount to which they must be limited im order to maintain their value on a par with gold, the bank will be subjected to an immediate demand for yold, and will naturally have recourse, as before tho restriction, to the contraction of the issues of their it. pene chief recommendation of this plan, in the opinion of the committee, is that it will enable the bank to pay their notes in gold at a much earlior period than they could pay them in the present gold currency. There cannot, while this plan is acted on, be any demand for gold for the purposes of internal circulation, and what- ever quantity it would be necessary to provide, with the view of replacing the small notes at present in circula- tion, may therofore be dispensed with. pital which must otherwise be applied to the oO” an expensive and unproductive i \- merce will be less available for the employment of pro- ductive labor, or at any ratio time will be afforded Lotte | thy operation of the plan for tho gradual abstraction thst capital, and for the accumulation of such a stock of the precious metals as way enable the bank with perfect safety to supply a metallic currency. Although in thy event of general panic and a want of confidencas4 to stablity of paper crodit the bank would be fiJi19 wore oak ee see Bayne ey ale that the drain cash payments resumed, 8 pro! causcl by sudden and local alarms — be greatly diminshed, if not altogether n~renled. ROUGHT UP. MR. BARING AGAIN BIO re ervos:—“Under Mr. Baring ud spraking of th le arnount of bullion that would fe requles man by that amount whicb the bank would balancing the Fiods she state amou! lic may be Thou not tt tha smount Sake Ye by the bank could much excoed fivo or boone? of chould not think ‘that the contraction and, curreney 04 divarent t periods could AF to 6 loon ext amount, Hoard! a duff, because there coul no than ander 9 87@*forsons would be less disposed, to small hoyst sums when they had not the of fasaing them as currency, if should do 90 otherwise than by sétling or Under these circtimstances think that ten millions of bullion every pu ; but it ia dificult to of en uni plan.” With. to the ne the country jon purchase of com: ‘of the country may require, ae ee I Lay fe confident Le THE OPINION OF THE comets Your committee will now give their * for recom- mending the arrangement which hive suggested for regulating the mode in which gold shall be issued in explinnge Sar Owhk Bowes, Dawes February 1, 4820, and Toe’ committee consider it necessary ions 1s ‘most expedient, for enablin; Mash wihowt public incon the bank to make such and experience might appear them, to resume payments in THE COMMITTEE UNDECIDED AND OMEWHAT MUD- DLED IN REGARD TO RESTM@ATION. Between the present time and thibeginning of the year 1820 the committee cannot anticime an operation of any of those causes which affect the value of the precious metals 80 extensive as to jrevent the bank from counteracting the effect of thm by such a reduc- tion of their issues as may be made vithout producing public inconvenience. If the price of gold shall remais {ho samo as it is at present, the demand from the bank which will havo to deliver it at that price, will necess@ly be very lmiteg, If in the interval any causes shall afec it and prod: a rise in its price, the bank must in /ha\ case contract its paper, cither positively as compated with its prosent amount, or relatively to any incressed demand which there may be for it, and thus by inceashg {ts value as currency proportionately diminish the inducement to demand gold. It may be objected that the adoption of |his suggestion appears to recognize a departure from theancient stand- ard of value, but it recognizes it no othervise thanas it at present practically exists; it réecognias it for a very limited period, and with no othe: viow thn to provide for the gradual return to tha’ Standard the deviation from which it acknowledges, The committee trust tht they havo sufficiently ox- plained the grounds on Which they reccmmend that, with a view to the estabdshment of @ metallic standard of value at tho earlst period, the lank should be re- quired to deliver #andard gold in sxchange for their notes. ‘They do not express any preferenct for the system of bullion paynents over that of paymom in specie ab- stractedly; or are they prepared 4 reconmend them as a permanent substitute; but they consider them the best mepas of facilitating and insuzng the resumption of paxtnents in specie with the bast public inconve- nicnee. They are of opinion that win once the ancient standard of value in this country has bee ro-catablished, the great impediments to a refurn to O¥f Nomer systom, will be overcome, and it will be m the tae bank or of individuals, by sing the advantage vorablo state of excharipa to inorease tho supply Oho precious metals in t] country to any extent to they are likely to be“Caulred, THE CO! EE COMPLETELY BEFOGGED, Your comm} re uware that it may be objected to the plan of pion payments which they have recom. mended, that by necessarily continuing the notes below fi nds in circulation it continues the nt indus nts to the crime of forgery; and wecon that by re jiring the UArcpeae of a amvant of notes PY Zinand for gold it gives to the r of notes to pat amount an accommodation which the holder of a smaller quantity will not possess, On the first of these objections your committec observe that itis scarcely pos- sible to calculate on a resumption of specio payments accompanied with the total exclusion of the small notes at a period much, if at all, earlier than that at which it y Reso hag) if the recommendatien of the committee be adop' nen the Legislature hasat former periods contemplated the removal of the restriction, the meces- sity of continuing the circulation of the small notes for some time cera. has been forescen, and is at present provided for by law. It is true that after the ro- sumption of cash payments the amount of small bank notes in circulation would probably be diminished; but ‘there seems no reason for concluding that tho tempta- tion toforgery, which must depend on a consideration of risks and profit, would be diminished in proportion to the « ‘ease of those notes, provided they were not alto- ether excluded, The force of this objection will also-bo fan Jonately to the degrev of success which may atiend the aitompts that aro at present making to devise means of rendering tho imitation of bank notes } more difficult. Your committee have beon informed that the recommended by the commissioners ap- pointed for inquiring into the mode of provonting forgery of bank notes may be expected to bo in full operation In about three months, and they have received from two acientific mombers of that commission (Sir Joseph Banks and Dr. Wollaston) the satisfactory assurance that their confidence in the increased security which the new form of note will afford, as well by creating fresh obstacles to a successful imitation and by giving more obvious fa- cility to the public in detecting any attempt to give cur- reney to forged notes, bas been confirmed. by the pro- gress of their inquiry and exporiments since the date of their report, communicated to Parliament. With respect to the second objection your committee romark that the object of the plan which they recom- mend is, by securing a control over the quantity of the circulating medium, to regulate the value of ths whole, and to maintain paper on a par with gold. While this object 1s effected, the holder of notes, to whatever amount, has a security for their value, which, without this plo, he would not possess during the interval which must precede the resumption of cash payments. Should the House determine to act upon the recom- mendation of the committee, it will be expedient to con- tinue the act which passed in the present session re- stric\\.,, the further issue of gold coin from the bank, ‘Tuc, propose no interference with the laws which regu- jut. Uo roint, conceiving it desirable to retain, asa chock Up auy undue Contraction of the issues of the bank, the power which individuals at present poseess of ro- ceiving coin from the mint in exchange for ballion, with- out loss or reduction, at the rate of £3 17s. 103¢d per ounce. ‘They recommend, notas an appendage to the plan which they have suggested, but as a politic bisloaee oor der any system of currency, the repeal of the laws which prohibit the melting or exportation of the coin of the realm. The committee conceive it to have been clearly demonstrated , long experience that tl are wholly ineffectual for the object for which they were de- signed; that thoy offer temptations to perjury and fraud, ‘and give those who violate the law an unfair advantage over those who respect it. THE BANK OF IRELAND READY TO RESUME. Your committee have received an intimation from the directors of the Bank of Ireland that they shall be prepared to resume cash payments six monthe after their resumption by the Bank of England. In making this communication the directors contemplated a return to paymen'» in :pecio: but the commitice have the satis- faction of tailing to 1.6 Houee, on the authority of the goverier ol the Yen’ of Ireland, whom they had an op- portuy..', peroraily esamining, that there is reason to belies © tant ny uculty wou'l exist on the part of the Beub of 1).\ond in carrying into effect any regula- tions of ihe samo nature with thore which may be adopted with respect to the Bank of England. THE CIRCULATION OF THE COUNTRY BANKS. ‘Your committee would here close their report if did not think it necessary shortly to advert to the Gap. lation of country banks. The notes of all thosgn of lishments are exchangeable for the notes of thro, they England. As a part of the currency, ther which the must be affected by any fluctuation in valyy“congequent- Bank of England notes are now liable; ¢ ttion by any ly, will be alike secured from such suctuation Oy Ue arrangement which will offectually placn S00 Tr yaing, the latter upon a par with a metallic standard or itag Although from this view of the subject. Yfothing in thy aro led to the conclusion that theres" banks which com nature of the circulaton of c#Tesumption of cash pay- form an obstacle to the i your committee have suj ments upon the plande it theit endeavor to asce: gested, they hmount of that cirulation at diferent pe- the pratoagh they have to remet that they have sot Hen able pomae ‘as precise aid full informatioa as desi "a care not saficient, dete fom Mig ood a in of count notes ove time the exact amouny or committee Glied for uecounts from the degree of the pro Variations im each respectively; but it is to be observed that those scales, being constructed upon different data, afford me of with means Sompering. h one another the actual amount A fluctuation, and at least equal in degree, in the r issued by the The n of these 940; in 1817 was 752. Mr. Lloyd stated that the banks was at its highest in 1813 siderably reduced in 1815 and country [ circulation of and Hi for tho last four years:— sam found in the evidence of Mr. John Smith, a member of the House; Mr. Samuel Gurney and Mr. Gilchrist. Whatever may have been the diminution in the amoums f the circulation of country banks in 1816 and 1817, i¢ was not in any decree caused by a diminution of the is- sues of the Bank of England. e circulation of coam- try paper is liable to be affected by want of confide generally brought on by extensive failures in amo pera) Seay iahiionia and the reeult ot ae ia that other country banks, however solvent icipae more or less in the pei discredit, yee obliged to re strict their issues from a regard to their own socurity, In the opinion of Mr. Tooke, “A like effect is sometimes produced, and in a much greater degree, from the die credit of their customers, to whom they are in the habit of advancing money; most of their customers being holders of articles which are likely to be affected by @ general depression of price.”” THE COUNTRY BANKS FOLLOW THE COURSE OF THE BANK OF ENGLAND. Although there may be reason to infer from the opi=- ion of the witnesses most conversant with the manage- ment of country banks, and to whos evidence your committee beg leave to refer, that a reduction in the amount of the notes issued by the Bank of England would speedily and necessarily be followed by a pean pt amped bey regency paper stil mi very jous inde} t of the latter is liable to a audio and highly inconvenieat contraction, under such circumstances of distrust and difficulty as occurred in 1816. Tho eftects of this com- traction, unless obviated by a col nding increase im the issues of the Bank of England, the credit of which is fortunately unassailable by the influence of similar circumstances, must have a tendency, by dimini the amount of the pap:r currency, to tls Ge nalie ¢ wi CONTRACTION AN KVIL. This, in the opinion of your committee, was one of the effects produced by the Tupid contraction of our cur. roncy in 1816 and 1817, aud to it may be ascribed in part the fall in the price of ‘gold and the favorable state of. tho foreign excliangs during that interval. Such contraction is an evil to which the system of country banks, resting upon individual credit, may be occasionally liable; but your committee are inclined te that it will not be likely oither to prevail to the fiuctextent or to endure for so longa period, when the ox DB LO rivets uu tconvertible paper currency is which they! be chocked by the operation of the plas Cash paymentwmmend for the gradual resumption of Whether it may INCLUSION. incouvenince wractcable further to efiuals, which arise from tiy’¥blic and the 0a bo tae country banks, and to make yuch ional interference the rights o x actions of the community founted on co: are questions of great difficult; siderable delay, have enabled thengelyes Opinion to the House, ‘Your committee have foreborne, ny’ reasoning bys the hyo A a ge upon of our currency by variations in nl Of the notes iewucd by the Bank of Baglask sae circumstances contribute to affect thit value; benh fap instance, as the varying state of cemmercial confidence; the fluctuations in the smount of bank paper; the different degrees of mpidity with whi the same amount of currency circulde at different pe~ riods; that your committee are of opnion that‘no satis. factory conclusions can be drawn from a mere reference to the numerical amount pf the issue of the Bank ef England outstanding at ady given time. Police Intelligence. CHARGE OF MAYHEM. Yesterday morning Charles Sheridan, livag in Sixth avenue, near Fifty-fifth street, entered te saloon ef Alexander Mason, corner of Hudson and Brrow streets, and while there engaged in a friendly scuff) with Mason, The latter was heavily thrown, and, whileon the fi he seized Sheridan’s under lip between his seth and off a portion of it, thereby disfigui him fe life. Om- cer Donaghy, of the ‘Lwenty-eighth preciat, arrwted Mason, whe was taken before Justice Dodge, and hell im five hundred dollars bail for examination. | th accised. is thirty-nine years of age, and a native of the tty. He pleads not guilty to the charge preferred agains\hins. ASSAULT WITH A RAZOR. Charles Viney, acolored man, was found ia‘oxiqted as the corner of Church and Canal strects,on Saturday night, by roundsman Hart, of the Tenth precinct, who chanced to be passing and arrested him. The prisoner 1% sisted, and a crowd of his friends hovered sround ds if te attempt a rescue, John Mulvihill, of No. 6 Mulbexy street, came to the officer’s assistance, and as he did ee Viney drew a razor and cut Mulviball scross the at inflicting a severe wound. The prisoner was wo the station house, aud subsequently arraigned before Justice Shandley, who committed him fortzial. Viney is a seaman, and lives at 106 West Sevententh street, MARRIAGES AND DEATHS. ‘aresretictr cag Married. Eantr—Kenpaty,—At Es en's Pea) Pag Rapids, Mich., on Tuesday, Now ee Mee, P. Tustin, D, D., J. Eowarn KsRLe eldest daughter of Geo, Kendill, Eaq., all of thas otty. No cards. 7 . Died. Asouianion —On Sunday, Nore 19, Gaonas Ie Ancuxartus, in the x ‘The relatives and fricsds of the fy, LC Aolem$ brother, Harry Arcularks, are respecttu}” in ‘Eiesey, attend the funeral, from his late residGaday third street, cast of Third avenue, $6 ‘taken to 8t two o'clock. ‘ died w metery for intermenvember 18, Wu.iAe Baume, Baven.—On Saturday.q York regiment, Company a member of the FIW place ‘on. Teesday’ r lace on Tu m The funeral will {28 Liberty nee ih old. frogs soven o'clock, favited to attend. or comrades "Sunday, November 19, Corxeuvs ¥, Bonons.—O% iat year of his aco Borpky, in }Pand relatives of the family are respect- ‘The fr¥.2 to attend the faneral services, from his late full¥ico, 11 Second avenue, this (Monday) sfter- Wn, at faif-past three o'clock. The remains wil be taken to Cola Spring, L. L., for interment, Bais. ly, on Saturday, November 18, athe residen¢e of his father, No. 32 Furman Broo! Cornas, son of John A. and Jano Baulsir, aged 14 years, 11 moaths and 30 days. ‘The funeral will take place from No. 37 Willow place, this Monday) afternoon, at two o'clock. B:ack.—Rovert Georct, only son of Robert and Eites Black. ‘The friends of the family are invited to attend the funeral, this (Monday) afternoon, at 2 o'clock, frem the residence of his father, in Fifty-Ofth street, betwees Broadway and Eighth avenue. Brevnax.—On Saturday morning, November 18, atew a brief illnes , Axpusw J. Brennan. The friends of the family, and of his Lege oe] Thos, W. end Wm. H. Brennan, are respectfully invited t at- See oe pune ae his er residence, 367 Li oa ent’ sti 18 (Monday) afternoon, at one o'e Cures, Ak Madieboro, Sass. om Tuesday, Nov enboe 14, Many Taomrson Cares, relict of Robert Dy of Boston, aged 75. ireulation. Bostor ra please copy. esuump Ofiee, of the numbetof prominsery notes | Cyee On saturday, November 18, FAR" Any, the stamped in cach successive ‘Teme ee @ year 1810; | peioved wife of Richard Casa, ageccitully invh and as these accounts show woeh tb Hotes stamped ‘The relatives and friends att residence, No. a to at- Wen aa gpl Tec | kee, Rem Mom, nea caiue af each 18 sesame Ee Bear wooordion 49 pGnareas At Eat apronn: n+ Novesbe 19, th w Lovita J., wife tho family are rexpocitui Pro mtamp amxed, the toWwM@OUN'stampo.! in each your | “The fricndeal, from St Peter's church perth Aap, tpt Ralfoad at ton Selects. be a4 Sera o'clock A. M., and return ‘alles the Lae — November 11 a the members to attend. Boston Curwan,— On the brain,