A short time ago, a gentleman named Evans was despatched
by the Northern and Central Bank specially to London, with bills to the amount, we believe, of about 1.50,0001. for discount. On arriving at his destination in London, he discovered that his parcel was missing; and for some time the search which was made for the property proved ineffectual. In the unexpected emergency consequent upon so heavy a deprivation of present resources, application was made to the Bank of England for its aid ; and thence sprung the negotiation of which so much has recently been heard. Meanwhile, the lost parcel was found,
the gentleman having, we believe, left it in his cab ; but it was too late, of course, if there had been a desire, as to which we know no- thing, to break off the negotiation.—Manchester Chronicle.
The Northern and Central Bank would have acted more prudently in keeping silence with respect to the loss of their parcel and arrange. ant with the Bank of England, if the following account which we copy from the Morning Chronicle is correct-
" The gentleman to whose care the parcel in question (containing securities to the amount of 109,0001., and not 150,0001.), was committed, lost it imme-
diately on his arrival in town on the Tuesday morning ; it was fortunately re-
covered OD the evening of the same day ; and it was not until the Wednesday morning that negotiations were entered into with the Bank Directors, which were not definitively concluded until Thursday evening ; so that it is evident that the terms of the arrangement were in no degree influenced by the tempo- rary loss of the securities." It is said that a further application for assistance has been made to the Bank by the Northern and Central Bank of England ; and that, before agreeing to it, the Directors require accounts more full and ex- planatory than those furnished at the time of making the application, the production of which is waited for before coming to any determina- tion on the subject. The additional sum wanted is said to be a very large one, quite equal to that granted at the first application.— Times of yesteE-slay. [Mr. Cassels, the London agent, we believe, for the bank in question, denies the truth of this report, in a letter to the Times, which was published in the Evening Papers of last night. The writer says, addressing the editor of the Times-
" The article in your paper of this morning, stating that the Northern and Central Bank has applied to the Bank of England for a sum quite equal to that granted at the first application, is of the same mischievous tendency with the one inserted on the 2,1 instant, which I contradicted by my letter of the 3d. The article of the 2d, in your paper, occasioned fears and apprehensions all over the country, as I had anticipated, and rendered it necessary to send off four times the amount of cash that would have otherwise been required. This money has remained chiefly at the branches, and was beginning gradually to be remitted back to London, as the alarm occasioned by your article was removed You have again to-day published an article which is calculated to renew the
excitement, and render the possession of a large amount necessary to meet de- mands which, under other circumstances, would have been settled gradually and in a friendly spirit. There was no application made by the Northern and Cen- tral Bank ; but so long ago as the 8th Instant, the Bank, 10 consequence of the agitation occasionial by your article, suggested to toe the propriety of our being fortified with ample funds in ease of need ; and this suggestion is now in my possession, in the handwriting of a principal officer of the Bank. I repeat that, except for the misleading articles in your journal, self-named the Leading one of Europe, not even a fourth part of the money would have been required.)
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