ons 
“02 
Journal of a recent 
lable to three months’ imprisonment, if, 
within their knowtedge, the terms or the” 
origin of the bill are contrary to the 
facts. _ ; 
_ 3. That the address of the several par- 
ties, and alt the indorsers, be appended 
to their names. 
4. That every bill or note be recoverable 
by a summary process; and that executioif 
_ he levied within a week on the acceptor, 
in a fortnight on the drawer, and in a 
month on the indorsers. 
5. That all inland and local bills and 
notes, be considered as of two classes, 
transferable, and untransferable, that is, 
payable to order, or not payable to ore 
der; and that the preceding restrictions 
and regulations apply to those anly which 
are transrcrable or payable to order, the 
public interest being unconcerned in 
unnegociable time-engagements, which, 
r varlous private purposes, may be 
created between two parties. 
6. That as bills and notes which are 
payable to order, become thereby a sort 
of public currency, no person should be 
at liberty to draw such hills or notes, 
without taking out an annual licence at 
the stamp-office. Such licences to vary’. 
mm cost according to the amount of the 
bills required to be drawn; say one gui- 
hea for the service of drawing transfer- 
able bills or notes under 1601.3 two gui- 
neas from 100l. to 10001.; and.five gui- 
neas for 1000]. and upwards. The li- 
cences to be classed and numbered, and 
the drawer to annex his class and num- 
ber after his name, subject to forfeiture 
of 100]. for every offence.. No licences 
to be granted to minors, to femmes- 
coverts, to persons confined for debt, to 
the clergy, nor to uncertificated bank- 
rupts. The names of persons taking out 
licences, to be published in the manner 
of those who take out game-licences. 
Such provisions would give solemnity 
to the creation of bills and notes; would 
render them representations of few be- 
sides real transactions; and would ~oc- 
easton the creation of mere accommo- 
@ation or fictitious paper, to be a mate. 
fer of difficulty and serious responsibility. 
. We should then have in circulation 
fewer bills of private persons, elerks, 
Servants, and bankers. | Instead of nine 
bills in ten being drawn for the mere ac 
commodation of the parties, we should 
not have one in ten, besides those arising 
Gut of real business. Sills of bankers 
in particular, which are commonly drawn 
for purposes of accommodation, would 
be reduccd to their proper average; . 
xe : we 
k igen 
> 
Voyage to Cadiz. 
[Oct. 4, 
many banker’s bills heing in some of the 
parties, nothing but money-raising fabri- 
cations, or a kind of kule-fiying, as it is 
jocosely called i Lombara-stzeet. 
Let the Bank of England. set its face 
azainst all paper which is not checked 
as above, and iereby proved to be con= 
nected with real business. Let.it prefer, 
as it ought, the honest bilis of. small 
amounts, drawn in any correct form by 
shopkeepers, manufacturers, and retail- 
ers, to the sham, though fairly-drawn’ 
bills ef jobbers, bankers, speculators, 
and pretended merchants,.whose whole - 
capital is their credit, and whole stock 
in trade nothing besides their desks 
and counters. In short, let the direc- 
tors of the Bank of England revise and 
correct their limited and mistaken rea=. 
sonings on these subjects; let them en- 
courage the middiing, industrious, and. 
useful class of traders, and then one 
half the mischiefs of a paper circu-) 
lation, would be avoided previously to 
the passing of an act of parliament.- 
At present, the card-lhouse ef paper- 
credit in Great Britain, is tumbling to 
pieces before the breath of public opi- 
nion ; and in rebuilding aad regenerating 
it, care ought to be taken that avnew 
fabric does not inherit the imperfections: 
of the old one. Site | 
Common SENSE. « 
wt 
For the Monthly Magazine, 
JOURNAL of a recent VOYAGE to CADIZ. 
(Concluded from page 37.) 
Cadiz, Now. 1809. 
S marble is in abundance and va- 
riety n-Spain, the use of it is: very’ 
general; the entire front of some houses’ 
is ef white marbie elegantly adorned. 
The house occupied by the Gremios (a. 
set of merchants who are granted: pecu- 
liar privileges in commerce) is hand- 
somely built; the froat is ornamented 
5; tifel sculptures 
with beautiful sculptures, representing . 
on the first story, im alto-relievo, the 
figures of Neptune and Mercury, with 
‘thei. appropriate. emblems, and over 
them a beautiful figure of Fame. 
The staircases are commoaly of maz- 
ble.; the drawing-rooms,and other apart- 
ments are laid with it (wood never be-_ 
jug used for flooring); this causes a cook 
ness in the house in summer, and in the 
winter is not unpleasant. The cold in 
this month is agreeable, the therméme- 
ter generally being above 60%. A chim- 
ney isscarcely to be seen; ata few Eng- 
glish houses only is*the “ happy fires! 
+ 
side;” and if heat be wanted ina room,- — 
7 a wh She 
the 
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