Star. — London, England, 1811-07-23 00:00:00

-7P,117!" -- I . BULLION. This day was published, price Rs. AREVIEW of the CONTROVERSY respecting the HIGH PRICE of BULLION, and the S FATE of our CURRENCY. - Printed for .1. Budd, Bookseller to his Royal Highness the Prince Regent, Na. 100, Pall-Mall. TRANSPORT OFFICE, Jely co, 1811. 'THE COMMISSIONERS for CONDUCTING HIS MAJESTY'S TRANSPORT SARVICEJor taking C.tre SICK and WOUNDED SEAMEN, and Jur the Care and • CuSto.ly of PRISONERS of WAR, its hereby give' Notice, That they will be ready at this Office, on Tuesday the 6th of November, 1811, to receive sealed Tenders, and treat with such l'etsons as may be willing to contract for Victualling Prisoners or War in Health, at Malta, for twelve months certain ftom the is Of February, iftitt. Ne Tender will b.: recived after one o'clock cn the day ef treaty, nor any noticed, unless the party, or an agent for him, personally attends. 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London : Printed for Darton, Harvey, and Darton, Grace church-street; Longman and Co. and Craddock and lots, Pater noster-row; and C. Law, Ave-Maria.lane. ELIEF OF THE BRITISH PRISONERS IN FRANCE. .160,822 11 6 2 6 0 7 0 0 1 I 0 9 0 0 6 0 0 4 0 0 Amount received - Parish of "rinwell. in Rutlandshire The Pariiti of Sr. Get man' 3, Cornwall Richard :.hell,Esq. of Plymouth - Parish ut Broad Hinton , Wilts - - '1 he Rev. T. L. Blewett, fsr St. Merran, Cornwall Parish Church of Wil3ford, Wilts - . ---- of Churcham, Gloucestershire, by the Rev. Wm. Gyllett, Vicar - - - C.Alection at Titchmach, by the Hon. and Rev. L. Powys - - - Rev. Dr. Roderick, Curate of Cholesbury, Buck; Sub•criptions at the Town of Lynn, transmitted per Rev. Robert liankinson - - 50 0 0 Pari.-11 of Llaiillwchaisru, near Newton, Montgomery, per Rev. Charles Winyfield, Vicar - The President and Resident Fellows of Queen's Col lege, Cambridge - - 12 12 0 Parish of Bechin:; Stoke, Wilts, per Rev. C. 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Price Ps. • MISS MI VFORD's MISCE.LLANEOUS POEMS—with neiderable additions, printed uniformly with CHRISTINA. void litiAlob, Prise Ws. 6tl • c ' .A.-_1,5i.. to dispute the practice of the Bank of England, mks r present state of the world it would be next to ruin to ing it for granted, that all these excessive issues were revert to that system. In the present state ef the upon real transactions ; but he contended that if they world, from the nature of the war in which oe were were to have recourse to this Bill, then the Bank-note engaged, in all we had seen and known, as mach as would no longer derive its value from the sum it en- he migkt wish for it, yet it was quite impossible; gaged to pay, and the effect would be, that the Bank- the practicability arising out of the state of things note would no longer hold its value as money. It made it necessary to continue the restriction ; and he therefore consequently must follow, that if the Batik- saw no inconvenience from continuing that practice notes are in a state of depreciation at this moment, which, for the last 14 years, had been cnnsidered so the Bill was a measure which deprived the landlord beneficial. He supported the Bill, because he he. of the benefit of securing those rights which the law lieved he thought it would gm far enough—he be allowed him, because it in a measure compelled him lieved it would prove an effectual remedy. The cir to accept 17 per cent. in some cases, and 20 per cent. cumstances arising out of this Bill furnished the in others, less than by his agreement he ought to re- strongest proof that the measure of the Noble Lnrd ceive. This Bill did not enact that the landlord should (King) was an ill-advised and inconsiderate measure. take any definite sum, so that it put the landlord and It was a proof that the depreciation of Bank paper the creditor in the hands of theßank ofEngland,tosay did not exist; and in doing so, that Noble Lord had what value was to be given to a known agreement. acted against his own interests, and the interests of When the Bank conducted itself on those sound the public. In his opinion no depreciation had taken principles on which it was originally established, no place—and for these reasons he concurred in this man was more willing to support it than himself; it measure. . I was the best calculated to secure and give acaommo- The Earl of LAUDERDALE in a few words dation to die Public : but since it became the practice explained. He did not think not having practised PHILADELPHIA, JUNE 14. I of the Bank to issue money to the Government ac- as they preached ought to be tugged against him and cording to their necessities, there was no check to I other Noble Lords. as a proof that they did net be- THE IMPARTIAL LAW. I their excessive issues, and the original principle was ; lieve their arguments. If men always practises what Forty-four informations against vessels and met- ' altogether departed from. He was willing at the ! they preached, and preached as they practised, there chandize, under the Non-importation Law, have be"en 1 sa • meeime to give the Bank of England every credit ! would he a great difference both. in their preachifie a s advertised for trial at Boston, on the 25 th of the pre - fo r their conduct durin g the first four or five years of I and practice. sent month. An immense amount of property is ` the Restriction Act; but as to the Bill itself, it was Earl STANHOPE said, that after the speech of seized, but we presume bonds are held for most of it. one from which no practical benefit could arise. He the Noble Secretary of State, who had so well and If the process is not stopped by the President, the . I would ask, did this Bill deprive Lord King from the i so wisely said all that was requisite on the subject, trials will be highly important.—(Ball. Fe?. Gaz.) I possibility of securing payment in gold from his te- :he had but few observations to offer to their Lord.. WASHINGTON, JUNE 14. • mints ?It would be found quite the contrary , nor did s h ips. I t had been observed b y the Neale Earl ( Li.. as ße assured that the Cabinet here are in certain , it g ive to the Public that security which they ought ! verpool), that this Bill was intended as a leeislative• things little behind the secret cloud of the Thuilleries, to have ; it was wholly incapable of meeting the ev il, ; hint t e e Wo r d Ki ng , and to those wno might he in- Mr. Madison, through various channels, has managed" and those w h o su pp or ted it were more culpable in i clinedto follow his example—but as to that, he he. to send abroad information, tending to induce a be- endeavouring by such means to repress the evil, than . lieved, that though many Noble Lards and others lief, that being now satisfied nothing is to be looked if they had neglected it altogether. Having advert. might give him their support, few of them would be for frem Bonaparte but injuries and insults, he is dis. ,ed to the inconsistency of not extending the provisions inclined to follow his example, for they did not wish posed to arrange all matters in dispute with England of this Bill to Ireland, where the evil had long exist- to be followed by the curses of the country. The as soon as her Minister, Foster, shall appear. 1)o ed, lend applying it solely to England, where one so- Noble Lord (King) had appeared to consider him. not be deceived; there is a key whkh explains his liters , case alone existed, the Noble Lord concluded self as bestowing a boon upon his tenantry; but he real intentions. Such measures are now ih actual by declaring his most decided opposition to the Bill. would destroy this boon, by which they would be bperation, as, in all human probability, will force the Lord LIVERPOOL said, that when he consider. compelled to pay fifty pounds instead of forty. He navy of Great Britain to exert her energies on some ed that the amendments of the Commons were mere- •supposed that his Lordship's future leases would be one or other of our ships of war ; this done, an out- ; ly of a consequential nature, andeafter all the discus. _graduated in such a manner, that if he granted one cry will be raised against that nation, and those feign- slots upon this Bill, and that the mere question now for seven or eight years, be should be paid at the ed pacific dispositions of our President thereby frus- was, whether they should send to the Commons, ac- rate of fifteen per cent, and if the loan was for a longer trated. This project, I say, is in operation pa this quainting them with their approbation of them, he term, at the rate of 20 per cent. He did not mein side of the water ; whilst, on the other side, it is ex- felt it would not •be necessary for him to enter to insinuate that the Npbk Lord was actuated by any petted the Non-Intercourse Act will produce some into any length of argument upon the present oc- dishonest motive, but a plain practical man, unversed Act of Parliament restrictive of our trade, which will casion, on this important subject ; but he could not in fine theories about depreciation, and not entitle work the same way." permit the question to be put, alter the speech of standing the rule of three as well as his Lordship, A British frigate was spoken the day before yester- the Noble Earl ( Lauderdale), without saying a would be quite satisfied with what he found the law day, off the Capes. She is supposed to be the frigate few words. With respect to the course of proceed- gave him. This Bill, however, as had been eke idy I MELANIPUSt of 36 guns, or the CLEOPATRA, of 32 ing, the Noble Lord had said, that he did not con. said, would pierce a legislative hint to his Lordship guns, from the Halifax station. Immediately after sider the case of Lord King as the grounds of this (Lord King). He did not know whether his Noble the above information arrived here, the United States nleasure, and that, on the original introduction of this Friend had been educated at any of the Universities: frigate Decatur, who we understand was to sail in a Bill, his Majesty's Mipisters had declared their disap- but, he believed, not at Oxford. There was a story *few days for Georgia, with the United States troops, probation of any legislative measure. When it was there about a broad hint, which they c tiled s. Jake altered her destination, and is now preparing to put first proposed, he (Lnrd Liverpool) did join in re- Keale's broad hint." There was a man that JAR Keats to sea with all possible dispatch. She has taken two p robatin g the transaction which gave rise to it : he did not like ; but he would come to him. John tray* `Lieutenants belonging to the brig Nautilus to supply thought then, that if it was fit for the House to him a hint that he did not like his company : but he the places of two belonging to the frigate now absent adopt any measure, this was the wisest and best that would not go away. " What did you do then," in the country. could be adopted. He did state his convict io n , that sa y s one to John ? .. Do," says John Keole, ~ ss by, ~ the conduct of the Noble Lord (King) would not be I I kicked him down stairs. That was ap. city broad PiiRLIAMENTARr PROCEEDINGS. i i followed by any oilier person ;anit it was not for hint !! !" (laughing.) So he, (Earl Stamm es) nad what had occurred several days after , it was his in- given Lord King a hint; and it he followed tip this I tendon to have moved, nor to dismiss the B ill a l to - b usiness, wh y , when next Session came, he would HOUSE OF LORDS, JULY 22. . ' gether, but to move the second reading en that day give him a broad hint I—(a laugh) —His object was, In the Scotch At cause of Menzies v. Beresford, the Re- . tnree months ; but from the moment that the con- that a landlord should not taks tatty pounds from his cord of the Judgment was, upon the motion of Lord Reties- DA LC, read, and the ori g inal decree confirmed. duct of the Noble Lord was discussed, the manner in tenant, and pay his coach-maker only forty. Lord In the Appeal cause, Harrison and others v. Gorst and others, which he was applandsd, and the grounds on which I King paid his tenant Bank-notes the day before he Sir Samuel Roniilly and Mr. Hart were heard on behalf of the he was defended, it remained no longer an insulated sent him a notice to pay l.im in g old. — (Heal.) —. Appellants, after which the further proceedings were postponed .V.- question, and from the manner in which that i di i " Aye," said Lord Stanhope, " you may call hear t i until to-morrow. dual was counselled, supported, and defended, from but I know all about it !" He did not mean to say , M r . Dawes, from the Bank of England, presented an account of all the Batik Note bills in circulation, during specific periods, that moment it assumed a new character, and it be- that acciirding to Lord King's conceptions on tins up to the I9th inst. wgich was ordered to lie on thy table. came them to consider whether they would allow Par- subject, he did not a:t as to him seemed correct and BANK NOTE AND GOLD COIN BILL. • • liament to separate, and whether it was not the most just. He could easily explain all that: but that wet The Order of the Day for taking into consideration proper measure to adopt—so much for their mode of no reason why great misceiefs should fall oi, the the Amendments made by the Ccinmons in this Bill proceeding. The Noble Lord (Lauderdale) had said i tenentry, and on all the e mousy. (hear.) —Ile then being read, I that the Bank notes were depreciated, it was Lot for defended his principles respecting coliwese, awl ad. Lord LIVERPOOL shortly observed, that these him now to enter at large upon teas question; but he veiled to a Noble Earns deOnition, that the meaium Amendments were merely of a verbal and conse- could not agree in the principle laid down by the No- sh iuld be of gold of a certain qu inky, wei is no AA quential nature, and moved that they be now taken ble Lord, who said what was Bank notes but a pro. fineness ; and dint for that purpose, it should be into consideration. , i miss to pay in coin to a certain amount , and that it g old, as a fixed, definite, weedy measure. Now, , The Amendments were then read and agreed to. must always have reference to the coin which it pro- that vas not et all the case. Gold did not answer to Upon the question, that a Message be sent to the ' , mises to produce. He then went into a discussion as the definition, because by the flectuatien of its price, Commons acquainting them therewith, ito what gave value to the coin, that it must be of a according to the varying circumstances of war and Lord LAUDERDALE rose to express his senti- : definitive weight and fineness ; but he (Lord Liver. peace, the course of exchange, balance of trade, and s moots upon this measure. His Lordship conceived pool) 1 . would ask what gave value to the coin? He so forth , it .expanded , o r c ontracted its value, and that the Bill was not brought into di e H ouse in con- i answered the Act of the Sovereign power of the State therefore was falsely considered as a certain medium. sequence of the Resolution of Lord King to be paid ; that made gold and silver money, the: power of the Though it had been so considered for ages past, that by his tenants in gold, but in eonsequente of a late i State which made any thing else money. He admit. formed no sufficient argument for suffering its cvi• decision of the Twelve Judges, who had expressed a I ted that coin was of a certain standard of weight and dent inconveniences in times of a peculiar nature. contrary opinion upon the law, from that which had j value, but the legal effect arose from the power and He would, therefore, repeat, that the notion of hitherto been generally conceived to be the law. He I authority of the State, and upon 110 other foundation , gold, gold, nothing but gold, was a widen of days was of opinion, upon the present question , that with- ! Suppose the gold and silver should disappear altoge- bordering on barbarism, and only fit to lb/ten:or out going minutely into the cause of the evil cone. ther, was it to be said that all domestic and commer- to believe—(Lean) It was the law that made gold pleined of, without resting on that which it was dif. , cial transactions were to be put a stop to, because geld the medium, and nothing cl,e. For purposes of ins ficult to ascertain, the question of the depreciation of , and silver were not to be had ? He denied that, how- terior circulation and commerce, it could not be ne. Bank-paper was capable of proof, to a mathematical . ever, the general consent of mankind had made gold, cessary. After various arguments and illustrations demonstration, it did not arise from an increase in the silver, copper, and iron, and in some cases, leather, , of his opinions, (in which lie complimented the Earl value of the legal coin of the Realm, for the coin of : o 1 : e o w c i rcu l a ting medium of their transactions, but it of Rosse, and quoted a passage fr. m a lawyer, who the country was issued at a guinea standard; it could I required the legal character from the Sovereign au- was doing more good than all the lawyers put tog - not be circulated under a given weight, and could • thorny of the State—it was the Sovereign authority thew by publishing a work, in which he tc.is s;irwii;g not be lessened beyond five grains eight pennyweights . which created it a legal tender. With reference to all the public what laws were in and what were nes of gold to the guinea, and the silver in the same 1 . commercial transactions, gold, as gold, had risen in so, which all the lawyers taken togeth.r could not given proportion. The Bank note merely represent- value. He admitted the proposition that it had be- easily tell), lie declared it to be his opinion, that his ed a given weight of gold ur of silver, and the stamp come scarce ; that gold, as gold, was sent out of the Bill was a mere palliative, or a remedy to keep things cf the Mint he considered no more than a certificate country to pay our armies,&c. He admitted that gold, sale till next Session. It even did some mischief, as of the weight and fineness of that gold or silver. He as gold, was more valuable than before ; that gold, as gold was getting dearer than it was. He wanted no therefore contended, that the Bank-note of itself was gold, was melted, but as the current coin of therealm it credit for the Bill, but what it deserved ; but its ad of no value, but as it stood ir. relation to the gold and was still the seine. But Lord King went on the ground vantages were much greater than its disadvantages. silver—in the same way he considered, that if instead of his right todothis acobecausepaperwasdepreciated. Something must be done in a perm mein way next of the Bark-note promising to pay one pound in gold But why had notothers followed hisexample? Because Session, and with a view to that he had br eight to or Over, it should promise to pay one yard of cloth, it was the general and universal feeling of every man them, not this one Ganding, but fourteen other Gant so it would be of no more value than that yard of that paper was not depreciated ; because they knew rags for their Lordships' consideration, in order to cloth, and unless men chose to deny that those that Bank paper was of the same value now as it was have a proper view of the whole of the concern. things which were equal to one and the same thing years ago. We nll knew, landholders knew, that it The LORD CHANCELLOR left the Woolsack, were equal to one another, this proposition was un- was not depreciated, a nd the p r i nc iple upon which and observed, that he was desirous of knowing before deniable. If therefore, at any time, front some cir- such practice was resisted, w as that which this Bill he put the question, whether Le properly understood it. cumwances or other the Bank-note which promised reprobated, because it went to prevent it. He had A Bill had been returned with amendments from the to pay on demand a given weight of gold or silver, not heard a single speech made against this Bill in Commons, which amendments '•ad been agreed to, and cannot pay it, it necessarily must arise, not from which they did not feel that Bank notes were not de- and it only remained that a message should be sent to the increased value of the gold, but from an excessive preciated ; and if paid in Bank notes, that they did the other House, notifying such agreement in their issue of paper that the Bank-note became depreciated, not feel they were sufficiently paid. With respect to Lordships' House. He had, however, heard the rod those who argued that themetals themselves had the over issues by the Bank of England, nothing had Bill again debated in a most learned and able manner risen in value, must say that the Ba nk-note did not been stated that could convince him that the issues for - two hours and a half, and almost doubted wise. derive its value from the gold it promised to pay ;he were excessive, more than was necessary for carrying ther it had been previously agreed to. His Lordship therefore held it, that no proposition was more dis. on the commercial and agricultural business of the then resumed the Woolsack, and put the question, tinct than that the Bank-note acquired its value from country. The system, before 1797, of paying in gold, n That the House of Commons be informed that this the sum it promises to pay ; therefore he contended, silver, and notes, was certainly the best ; but since House had agreed to their amendments without any that the Bank-note not paying that which it engaged that course had been departed from, the bsu sequent amendment," which was carried without a division. to do, must be depreciated. It was not his intention measures could not have been avoided i and in the Adjourned till half past two o'clock to-morrow. - . ised to pay ; he was more dis- were excessive, more than was necessary for carrying they it had been previously agreed to. His Lordsnip on the commercial and agricultural business of the then resumed the Woolsack, and put the question, I its value from country. The system, before 1797, of paying in gold, « That the House of Commons be informed that this he contended, silver, and notes, was certainly the best ; but since House had agreed to their amendments without any hick it engaged that course had been departed from, the subsequent amendment," which was carried without a division. " bis intention measures could not have been avoided f and in the Adjourned till half past two o'clock to-morrow. , . a ,