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thon, and Niagara, to sail during the week, will all, or most or them, have additional totals — especially as the accounts to-day are likely to excite the confidence of remitters.
At the same time, the advices from Paris are discouraging with regard to the position and prospects of the Bank of France, which, in its approaching monthly statement, is expected to show a further very considerable reduction of bullion, the effect of the American panic having relatively been quite as much felt in France as in England.
In addition to these considerations there is also the fact that the last weekly return of our Bank showed a falling oil of £1,025,260 in the reserve of notes, and that the accounts from India, although they confirm the statement that no new native loan is contemplated, indicate that, if public improvements are to be continued in that country on any extensive scale, it must be by funds drawn exclusively from this side.
These things seemed to warrant some additional action on