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The report of the Committee.
We, your Committee, proceed with satisfaction to report what we have done in the execution of the important duty committed to us, because we have found in the funds of the respective banks of Ridley, Cookson and Co.--Surtees, Burdón, and Co. - Baker, Hedley, and Co. and Lambton and Co. a stability beyond our most sanguine expectations.
These funds appeared so substantial, and so effective, that we found much difficulty in prevailing upon ourselves to accept the offer of those gentlemen, to pledge specifically their respective private real' and personal estates, for the fulfilment of their banking engagements. But the offer was made with so much earnestness, that we have incorporated that measure into the plan we have to submit to your consideration.
Our inquiries were directed to the ascertaining with precision the amount of the paper issued by these banks, and now in circulation; and we learned that it did not exceed in the whole, two hundred and thirty thousand pounds; a sum which bears a small proportion to the amount of their funds. Adver ting to their private fortunes, we found in them a security almost without limit.
In such circumstances, we deem the plan about to be proposed necessary, only because at such a juncture as the present, nothing ought to be omitted that may remove from the most distrustful, every particle of doubt and suspicion.
With this view, we suggest the propriety of all who are any way connected with the landed or commercial interests of this town and the adjoining counties, entering into a guarantee for the space of twelvemonths, securing to the holders of the votes of these banks the full sum due upon them. It is our idea that every gentleman should name the sum for which he will be answerable, and that proper persons fhould be authorised to call for the sums subscribed, or any part of them, if ever they fhould be necefsary, to aid the funds of the banks; which, we confefs, to us appears hardly pofsible. We have explained this branch of our plan, by preparing a subscription paper, signing it, and by adding, opposite to our names, the sums we are ready to advance, if called upon. It is intended that this subscription fhall be kept open until it amounts to L. 230,000, the whole value of the notes in circulation; and that the gentlemen to whom this authority is committed fhall be of the highest respectability; and to them fhall be given by the bankers that pledge of their private fortunes which they so honoura bly propose.
We wish to recommend to these gentlemen, not to resume their business till some day in the ensuing week, by which time it is evident to us that they will be fully enabled to answer every possible demand; and in the mean time, to ifsue such cash as may be necefsary to answer the demands of all who are employed in the coal works and manufactories..
The proprietors of the Commercial Bank having stated to the public meeting yesterday, that it was not their intention to continue bankers; and having given the strongest afsurances of their ability to answer every demand upon them, we did not think it necessary to examine particularly the state of their debts and credits; but we wish to recommend it strongly to the other bankers, that as soon as possible, every proper aid be given to that house to enable them to liquidate their affairs with the utmost dispatch.
We cannot conclude this report, without exprefsing ourselves highly satisfied with the conduct of the gentlemen of the four banks who gave us a meeting, and who, with that openness and liberality becoming men consci
ous of their integrity, afforded us the fullest information concerning their circumstances and transactions.
James Rudman, chairman
T. E. Headlam
John E. Blackett
In consequence of this, the proposed guarantee was immediately entered into by the gentlemen present, and the sums subscribed before six o'clock in the evening amounted to THREE HUNDRED AND TWENTY-TWO THOUSAND TWO HUNDRED POUNDS.
Two regiments of emigrant French are to be raised in England, to consist of 1200; the duke d'Harcourt is to command one, and the marquis de Choiseul the other. They will embark from this country to act with the French 'princes the moment they are completed.
The duke of Richmond has introduced in the Sufsex militia the round bat, which the artillery have taken by his Grace's recommendation. The effect is, that this corps has an appearance lefs smart than that of any other regiment in the kingdom.
By private letters from Brussels, we learn that generals Miranda, Lanoue, and Stingen have been executed at Paris.
Five thousand persons, most of them of rank, quence of the late decree of the Convention. women of high rank. They are doomed to fall disposition of the ruling faction in Paris; we may expect to be soon fhocked by the horrid detail of another massacre.
had been seized in conseAmongst them are many victims to the sanguinary
The fhips in the harbour of Bourdeax, laden with corn, which had been seized on the commencement of the war, have been since permitted to take in their cargoes and depart
East India House, Wednesday April 3. A general court of proprietors was convened on special affairs, when a much greater number of stockholders were present than on any former recent occasion. As soon as the Chairman and Court of Directors were seated, the clerk read a paper sent by the court in reply to the resolutions communicated to the Chairman by Mr Dundas, which consisted of a long detail of observations upon the several resolutions, respectively couched in terms of great acuteness, and propriety, and pointedness of application. As soon as the paper was read, Mr Baring (the chairman) pro duced a resolution, which he submitted to the opinion and decision of the general court. Its purport was, to declare their approbation of the answer given by the Court of Directors to Mr Dundas, on the subject of the resolutions communicated by him, as the resolutions which that Right Honourable Gentleman intended to submit to the House of Commons, as the terms on which the legislature might in his judgement agree to grant to the Company a new charter, securing to them a continuance of their exclusive trade for the period of twenty years.
This motion, after a conversation of some length, was agreed to unanimously.
Some resolutions were then moved and pafsed respecting the future regulations of shipping, &c. After which the court adjourned, the chairman observing, that from the urgency of their affairs, he might probably very soon have occasion to call another meeting.
ADVICE of a father to his son,
Alkali, volatile, a cure for the
Anecdotes of hunting,-mode of
Anecdotes of British officers kil-
in, 17-method of killing
Arts, fine, observations on,
-thoughts on the present
Battle of herrings account of,
Benefits to be derived from tra-
Berry, William, hints respecting,
Bible, a political one proposed,
Birds, method of preserving,
Caledonius Rusticus, to his son
Clafsical learning, observations on, 154
Cotton, mode of preparing, so as
Court of justice, a singular de-
Critical remarks on some cele-
Dutch school of painting charac-
Elephant, account of, with a cut,
Famine in India, notices concer-
Ferguson, A. extracts from his
Gregory, Dr John, his writings
Foliacius on the philosophy of
Foreign travels, on the benefits
Forth and Clyde navigation,
Foulisius Eremitus, to Ascanius
Generation of insects, observa-
Gibbon's writings characterised,
Greig, admiral, account of, 287
Jane d'Arc, maid of Orleans,
Improvements in Scotland,
India, interesting observations on, 327
Insects, on the generation of,
Juries, on the privileges and pow-
Kellie, William, his improve-
Laws, revenue,observations on, 91-211-
Madras, account of a school in-
Memoirs of W. Berry, 1-of the
Origin of the priory of the two
Orleans, memoirs of the maid
Present state of Scotland compa-
red with its ancient state,
Quadrupeds method of preser
Raynal, as an author, characte-
Revenue laws, observations on, 91-211
ons on their trial,