There was another important point to which he wished to advert.

He was anxious to know what was the aggregate balance of the joint stock banks in the Bank of England.

He feared that some time or other the joint stock banks would be in a position to command perhaps the stoppage of the Bank of England.

If that were not so, the sooner the public were full & informed upon the point the better.

But if ten or twelve joint stock banks had large balances in the Bank of England, and if the Bank balances were to run very low, people would naturally begin to suspect that the joint stock banks had more power over the Bank of England than they ought to have.