Country Banks.
eaan_ngot tite nmerouS aChein tu whkh the present wuremabuh. ance.I cfaital iias given rise, we understand that one will be brought fLrward either before or immnediately after Easter, which, perhaps, in uagnjtit6de-and importance, will exeede; any that has yet been submitted to the public. It is the establishmeat of a joint Stock Banking CoMnpany in London, with 3 millions of capital, to trans- bctthat classofbusiiess which is at presen- done bv the private h ks-rIt of te s that the only exclusive privilegelcoriferred by the arter of the Bnk of nngia.nd consists in preventing banks wit), mrore than stx partrnrs fromi issuing notes, or raising monev upon Oeirbill, atle$ssditea thAln six monthis. The lIondon bannkers, howver, do rtisstienotes, nor to any extent raise money uiTlI their own bills; ltheir profits are principally derived frem holdine deposits, diaconatin, thle bills of others, and acting as a=ents foe the -cntry lmnks; and there is no sniped iment to a public bank do- lnr bttciness, wlth trifling limitations. npon the samne principles. The ob ect, fiowoevir of the proposers of thiis measure, amonT whom I aressonne letnbers of the Legislaire is still rnmre extensiye. The ank or' England derives na benefit irom. preventing banks in the COU"tryehavibgrnore than sjnc parrners; and besides establislilng thik bank, it is intended *o Toake application to Parliament, to ne- ,Otiate an arrangement wvith thle 1&i,nk of England for an alteration of its eharter, in orier that similar crtablishnments mav be formed in the cournts..s the best channel by which the presenit superabun- dance of capital may be bemight to thc assistance of the agn- culturists, wvnose late loFses hiae rendered such essistance parti- cularly desirable. It seenes that the Scotch banks. which are on this 'plrm make adeancns to farmers with great rcadiness, to be repaid at tht most t rant plriods, its the profits of their farmsn or the rctutns dev fro,-a thicir improvements may enable them but that privar-. banlers canno: wvith prudence to anv extenit manke an-ens of this periyianen, ntinre, and1 therefore. let can)ital be ever so pleciTif1,- it can never flow through them in this beneficial dlrection. vwIiro it might now, iii particular, find profitable employment tn a VWe- great extent. As these banks lhave always paid remarkablv well, itis expected that the scheme wiil bea favouriteonein tli rnloney market; but the fullest infirniation respecting them vwill bh foind in a pamphlet *"On lltrking,'( to whicih wmt take ibis opportunity ofdirectiairtheattentio5 of those wlii may wvish for infoirmation on the subject), published by Mr. Thomas Joplin some short tine since. t Jt VV 2 tAm