The Opinions of Horsley Palmer

I. In a forthcoming history of the Bank of Ireland by Mr. F. G. Hall,' which I have been allowed to see in draft, there occurs a reference to some unofficial correspondence in I829 between John Horsley Palmer, then Deputy Governor of the Bank of England, and his opposite number at the Bank of Ireland, William Peter Lunell.2 The correspondence seems to have developed out of conversations between the two men in London early that year. One of Palmer's letters alludes to discussions with the Chancellor of the Exchequer, and it is also known that during their visit the deputation from Dublin discussed with the, Bank of England the problems created by the run in i828 on the newly-formed Provincial Bank of Ireland.3 Palmer, who as Clapham says4 was a vigorous, outspoken man, evidently thought that the opportunity to influence the Bank of Ireland's policy should be followed up. In his letters, Palmer urged that the Bank of Ireland should co-operate with the Irish joint-stock banks, both for its own advantage and in the public interest; but the Bank of Ireland remained unconvinced. It is proposed to take the opportunity afforded by these letters to reconsider the contribution which Horsley Palmer made' to the theoretical discussions of banking policy and practice in his day

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• Banque centrale et finance

  Laurent Le Maux•Revue économique•2018

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