New Projects.
Ppsrspee;rut Wm circulated oin Saturday in the city1 for sub, Sc ptiong to a Loah Bank in Dablin. Petitions have already be"zl pr isent-' #Parliament, and leave obtained to bring in a bill for es abli8hirdeth institution aS n joint stock company. The capital i to be oe tnillion sterling, in shares of .gO. each of which three-fifths ar c to be'r.ubscribed in England, and two-fifths in ireland. The co pterns of the company to be conlucted by 20directors, 12 of whom ar .to be nominated from the stock-holders in England, and cighr fremn the stockholders in Ireland. The principles of th s institution un. similar to the lean bank company recently formed in London. Se;veral other new projects are preparing for public notice, sanc- tiened by mnore orless degrees of respectability, and offlring more or esa probabilitis in favour of ultimate success. In respect to the numberof new schemes for the employvment of money, London, antI indiet the country in general,strikingly resembles what it was at the periodofthe South Sea .cheme, when scarcelv any project was too ab- suird to obtain suppoIt. We believe, hoivei'er, that there exists at the present moment a much greater degree of information among the public at large, and that delusions cannot be practised so easily as at the period referred to: but it cannot be too strongly inculcated on those who are the first to come forward in the announce- ment of a new undertaking that they shall at lea.t have given it full consideration beNorehand, anid that their respect- ability ought, to a certain extent, to be identified with its success. Men of character in the city are too apt to lend the influence of their names to schemes of which they can know nothing, and seldom un- dergo the trouble of any inquiry into their merits. The same names also appear too often at the head of new undertakings; for it is clear that it there are required both knowledge and responsibility, the very number of new projects with which particular merchants and capi- islists allow themselves to be identificl must prevent an honest ad- ministration of them, however strong the inclination. In the city alone there have been started, during the last vweek, the following nrew undertal,ings;.-1. A company for obtaining from Government ' grant of laud of a million of acres, in New South Wales,to be erm. ployed in improving the growth of wool. 2. An association for the sjurpose of cutting a canal actoss the Isthmus of Darien--a project, by the wav, whicls ihas been already tried, anti met with a miserable Fail,ire, though the improvements in mechar.ics have becu too great ;ince that period to pronounce it impracticable. 3. A company for wavigating the Thamnes and Isis by steam. 4. A stew dock com- sassy, for coals only. All these areuntdertakings on a very large scale, and, in the present mania that p.cvails,every dav may be expectedl to tdd to their number. There inns' he good in all of them; we ofler o opinion on their merits; but, on the part of the public generallv, he utmost caution nnd circunspection ought to be exercised bei'ore *ngaging in any of them. .ArBWIPROJECTS.