By others
By others it was urged, that it would not hurt tho real interests of tho bank ; and that all the exertions of the directors to obtain compensation would be unavailing. Tho agreement was c Moncler , Moncler jacket onfirmed almost unanimously; and tho following tribute paid to tho management of tho corporation during tho panic : That this court desire to express the grateful sense they entertain of tho decision, liberality and judgment with which the directors came forward in support of public credit in a late crisis of unexampled pressure and commercial difficulty. On tlie 10th February,* 1826, the chancellor’ of the exchequer moved, That all promissory notes payable to the bearer on demand, issued by the Bank of England, or byMoncler jackets any English bankers, and stamped on 5th February, 1826, or previously, should not bo allowed to circulate beyond the 6th February, 1829. This motion was carried in the lower house, the members of which entered warmly into the question ; but the government was determined to prevent, or at least lessen the chance of panics for the future. A varied and eager debate ensued. It was asserted that in all great commercial countries commercial crises like that of 1825 had occurred. That where there were great enterprises there must be great occasional reverses. It would be impolitic and unsafe to await retu Moncler jackets for men rning prosperity, said Mr. Peel, which would make the country banks more reluctant to agree to it, and more able to oppose it It appears mo that the time has arrived when wc can carry the measure into effect; that wo are upon the brink of the river, that the ford is passable, and that if wc permit the opportunity of taking our passage to pass by, we shall imitate the folly of the rustic, who waited on the bank expecting the stream would pass away. During one of the debates, f Mr. Baring argued, that Moncler Branson Jacket the result of the measure would be an immediate, sudden and precipitate withdrawal from circulation of one pound notes of the country banks.It was, undoubtedly, the interest of these gentlemen and of the country to spread the diminution over as great a space of time as was practicable. But, said Mr. Canning, reports have reached her majesty’s ministers from va Moncler down jackets rious parts of the country, that many of the country bankers, in violation of the good faith which persons in their situation ought to keep with the public, have begun to act upon the principle of a sudden contraction of their circulation. This gentleman contended, that if such a practice should become general, and the Bank of England bo deprived of the power of issuing one pound notes, the sa Moncler jackets women me species of crisis would ensue as occurred in December. To meet this evil it was arranged that during the three years, when the notes of country bankers should not bo issued, unless stamped prior to 5th February, the notes of the Bank of England