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HOUSE OF LORDS.—TUESDAY, MAY…

JOINT STOCK BANKS.

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JOINT STOCK BANKS. :\1r. HEADLAM moved for leave to bring in a bill to legalise in- corporated joint-stock banks, based upon the principle of a limited liability of the shareholders. He adverted to the social and econo- mical advantages attending a system of banking based upon sound principles and carried out with ordinary caution, the evils arising from mismanagement alone:, an^-he-xle^d^dc.Ahfi.uCal/yRifevi^ deluded, perhaps, by a misrepresentation of their limited liability, who might be selected at the caprice of any creditor, and rendered liable for the losses of a bank to the extent of their whole pro- perty. He then stated the nature of the provisions he proposed to embody in the bill. Mr. EWAHT seconded the motion. The CHANCELLOR of the EXCHEQUER was opposed to the prin- ciple of limited liability. Sir W. CLAY controverted the doctrines of the CHANCELLOR of the EXCHEQUER, maintaining that the superiority of the principle of limired over that of unlimited responsibility in banking had been proved by the test of long experience. The motion", after being successively opposed by Messrs. CARD- WELL, W. BROWN, and MACGREGOR, was withdrawn. Major BLACKALL then rose to move a resolution relating to Ire- land, when the House was counted out.

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¡ TOWX LETTERS.—XO. I

MR. ROEBUCK AT SHEFFIELD.

THE AN IT-STATE CHURCH ASSOCIATION.

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DAHDIFJf.

- HOUSE OF COMMONS.—TUESDAY,…

HOUSE OF COMMONS.—WEDNESDAY,…

——.. WHAT WELSHMEN ARE NOT.

0 THE NONCONFORMIST CEMETERY…

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