Star. — London, England, 1829-12-11 00:00:00

PM 0 NUMBER 13,342.] CONTRACTS FOR SALT, WHEAT, PEAS, AND WILLOW RODS. VICTUALLING OFFICE,- Deana& 4, 14119. them, and make a comparison of dates and circumstances, the rapid fall and rise in the money value of articles, and then again their depression, the sodden alternations of prosperity and adver sity which have taken place ; reflect, I say, a little upon these az traordinary changes, and you will Dot fall to see that nothing but wrong Legislation reputing the Jassy of the Country can hays been the cause ; It is in the power of the Supreme Government of a Country, by an operation upon the Currency, to make or unmake the fortune of thousands, by one apparently simple measure ; and I feel no fears or doubts when assert that that one Act of 1819, commonly called Peel's BiU, did so operate upon thousands, year IT lIITCTITILT &Viten TOO Duos OM TAW or ens Norms. AND OP WORT Dutton us eV, NOT RIOT= TO Tell VIAL mine or TIM Caul:too, nor so its VIAL toss or nu Dims. And bare I am not looking- merely to the money debt of we man to another of a hundred pounds or soy odor amount. AU the At *Wrings and Laborious Qum are Debtors, inasmuch u all public palmists of Nation' Debt, Civil List, Army, Navy, Chutch Parochial Rates, Highways, the - •• " THE COMMISSIONERS for VICTUALLING his MAJESTY'S NAVY, le. do hereby gioe That on FRIDAY, the lath instant, they will be ready to receive Tenders in writing (sealed up), and treat for the undermentioned Articles, to be delivered Into the Victualling Stores at Deptford viz.— seiikrings of the labwi;us, threatening to injure fatally the moral character of the people. The Ides that their settlement of the Currency is newer to be disturbed, is, I think, presumptuous, and even foolish In the extreme, and evinces a portion of that confidence and unhappy Ignorance which distinguished those economists who were the oracles of the day, cud the real authors of Peel's Bill hoops or neszvsay. One Hundred Tons of Bay Salt, stove (hied; and Between the Ist day of May and Fifty Tons of White Salt, stove the 31st day of July next. dried. Two Thousand Quarters of Wheat - , to weigh 60lb. to the Bushel; One half of each by the 51st of OneThousand•Quartets of Peas; January, and thmsentainder and by the 28th February nest. Three Hundred Thousand Wil low Rods. Samples 9/ tbtffiggablar.inft Willow Roctslot not 11whilwo so° Great Tale) must be produced by the party tendering ; and not any Tender for Rods will be received for WI than One Hun dred Thousand. Samples of the Salt, together with the Condi lima of the Contracts, may be seen at this Office. Each Tender must specify the price in words at length, and be delivered before One o'Clock on the Day appointed; and the Person who makes the Tender, or some Person on his behalf, must attend to answer when called for. M. WALLER CLIFTOA. (unluckily fathered upon and named after him). Why not revise andameod tenures of Legislation, which now are oonfessul by emout, even of the promoters of those measures, to have been passel ender a gronmistake ; and which have proved to be totally &Benet front what was intended? It is said, I know, that wel cannot be always legislating upon the Currency, and I should say so toe if we yore in a right coupe ; but, if in a decidedly wrung troorw, 10 melee owls to legislate, I. as absurd as would be the conduct of a plot who should refuse to put the helm down when the ship was going agalest a rock. The fact is, the postage effect of Peel's MU upon the Agricultural and Commercial Interests of the Country was never made matter of inquiry by the Ministers or Committees of both Houses, or the Houses of Parliament col lectively, when it was passed. In 1829, when the distress under which the productive classes laboured exceeded even that of the present time, I emend to peeps, to tee House the revise of Peel's Bill, I urged the neces shy of on doing, from the evident proof then existing of its having been the cause of what we were suffering, and to relieve us from whish, I cert.inly contemplated some probable alteration of the arbitrary Gold Standard which bad been adopted. By Peel's Bill, Gold was for the first time made the sole Standard, and the price fixed arbitrarily at its former rate, without the lent inquiry re specting its adaptation to the marvellous changes in the state of this country and of Europe, which bad taken place since its total disuse ' here as a Currency in 1797.—Mr. Holliston, in an *Wale speech, contended against any alteration, and concluded by moving a resolution as an amendment upon my motion, that this House will not alter the Standard of Gold and Silver in fineness, weight. or denomination; this he took from a resolution moved by Mr. Montague, in 1196, when the Metallic Currency WO been unless ful/y clipped and debased, and it was proposed to depreciate pro. portionably the then standard Silver. Mr. Huskisson argued that the cases were similar, and that our conduct should be such as was then adopted upon the advice of Mr. Montague. Whether that advice was wise, may not be so certain. I believe if its effects had not been counteracted by causes which he did not contemplate, the perfect wisdom of Mr. Montague, as well as that of Mr. Hue. kiloton, might have been brought into question ; but the state of this country in 1696 and 1819, as respected its Monetary Systems, had no more resemblance to each other than the systems of 14 ff• land and China. Mr. Huskisson's amendment was carried. Is that same year, however, and the following year, we find kin (that is, as one Member of the Government, and a leading Member on Currency subjects,) employed in making a most material alteration in the value of our Currency, which was actually accomplished. What matters it that this was done by increasing our Paper circu lation, instead of altering the Metallic Standard? the same end was arrived at ; the rapid change which began to take place in the Money vales of all commodities towards the end of 1823, and , which, in 1824, placed us in a condition of temporary prosperity, is fresh in all your memories ; this was effected entirely by wousres taken for the ertension vile. Currency (of course alteration in its value)—measures avowedly declared to be for the purpose of en creasing the Currency—by Lords Liverpool, Castlereagh,. &c. &c. Industries, and Laboriqps Classes, that is to say, out of the products of their industry and labour ; and if by an operation upon the Cur rency these products and labour are made to sell fur only half the price they sold before, the Debt is to all intents and purposes doubled, and those Debtors, the Industrious Classes, propor tionally injured. THUM is NO Max WHO MOST NOT, OUT or 1111 PIODLCTS or HIS INDUSTRY, WHITHIR rune THS PLOUGH, THS LOOM, Oft THE SAIL, OS 'SON THS SWIAT or MS BROW, PRODUCI TIMM Till QUANTITY OF (MODS TO PAY TIM GAMS mouser OF CHARGES WHICH WOULD nave etas ammo= raztious To Pmt.'s BILL, and upon the passing of which this effect was immediately consequent ; it fol lowed more immediataly than ever effect followed cause upon any conceivable measure of legislative interference ; to the astonish ment and dismay of the holders of goods of every description, the markets gave way at Wee W, 30, 30 per cent. and the honest la bourer in vain sought a demand for his labour. It is the uniesr edify of this sudden depression which proves so demonstrably the whole case ; if one dr two articles only had so sunk, special reasons might have been found, but when every product of Agriculture, Manufacture, Commerce, and the price of labour itself, all suddenly came down to such an extent, I say the problem is solved. It is a diminished supply of . Mciney!hat evidently must be looked to as the cause. • If Ai' iur Money of every description consisted of Gold and and ifone half was by a combination of causes withdrawn from the circulation, we should of course And a pro. portionate diminution of the quantity of money we could obtain in exchange for our commodities and our labour; so if Peel's Bill has equally reduced our joint Currency, consisting of Paper or Credit Money, as I may teem it, and Metallic, of course the effect must be precisely the same ; and that it did so reduce it, the sud den and immediate fall of commodities and labour is the proof. This Day were published, In three vols. 14mo. with 14 Plates, price X 1 71. bound in cloth, A NNALS of the PENINSULAR CAMPAIGNS , LE. from 1808 to 1814. By the Author of CYRIL THORNTON., Printed for William Blackwood, Edinburgh; and T. Cada, Strand, London. Of whom may be bad, The YOUTH and MANHOOD of CYRIL THORNTON. Second Edition. 3 vols. Irmo. Al la. Just published, price 61. TH E FOREIGN REVIEW, No. IX. Coirrwi. 1. Jean Paul Friedrich Richter.—ll. History of the Diamond.- 111. The French Ministry.—lV. Wench; Study of Civil Law in England.—V. Animal Magnetism.—Vl. The Brothers Stolberg.— VII. Dumont's Bentham on Judicature.—Vlll. Nicelini.— IX. Slontaigne.—X. The Pelice.—XL Raby ; State of Hun gary.—Xll. to XV. Short Reviews of the newest C. cal, German, French, and Spanish Publications. No. X. will be published in February. The first Four Volumes of ibis very interesting and popuiar Journal may be had complete ; price Z 2 Bs. extra boards.. London : Black, Young, and Young, No. 2, Tavistoek.street ; Bossing* and Co.;- Whittaker and Co.; Thomas Clark, 1:41In burgh ; and Hodges and Smith, Dublin. But the cause of , out extraordinary difficulties is I think made still more apparent by adverting to she general circuits s:ances and situation of the country : in the midst of difficulty and distress so peculiar, we possess all the elements of prosperity, the powers of the country, the wondrous improvement Mali the useful Arts, the enlightened intellect, the increased information, the enter prize, the industry of all.the active classes of society at this mo ment, never were exceedettor perhaps equalled ; the capital appli cable to the employment of industry is still superior to that of any other country, ihbugh it brit been of late years grievously reduced, god the •Apicultvril Cipdtal of the Country to a most serious extent ; sdll I say,bpon the whole,There never was a coon try possessing so fullylbe.eiensents . Of prosperity. What then can be the cause of the soriverial embarrassment and difficulties under whkb we labour? rinove•that multitudes will answer, the Two ; but I so:y . dre tareithintld 'sot kfeit, if they were payable in Money of the iiine'raitte of that in which they 'were imposed ; it is the monstrous act gf fionbling that value' which has occasioned this unexampled state of things. .But even here the mischief does not end ; the increased vitae of the Currency was of course occa sioned by a dirninutiOn chits qbantity ; a proportionate redaction in the money value of every article necessarily took place ; then came a forced twee' k of the Circulation, and consequent advalice of prices, soon to be inevitably fullavied; is if was, by still greater reduction and depression. lbus confusion has been thrown into every mercantile transaction, and so cruelly have the most prudent endeavours of induitri been disappointed, such 'is the uncertainty , that prevails in all mercantile transactions, that men now will not hold stooks of any artistes, and it is,to be frayed . they will ere long wholly confine their operations to the supply of the daily demands of the market': • SORE THROATS, HOARSENESS, Bte. ACIDULATED LOZENGES OF CAYENNE.- for habitual Sore Throats, Hoarseness Relaxation of Uvala, and a refreshing stimulous during Field Sp orts. These `Lozenges have received a patronage almost unprecedented in the above cases ; they are also of great utility to persons in the habit of Public Speaking ; and the highest testimony in the Musical World has been advanced is their favour, where the Voice has been influenced by a humid Atmosphere, and diminished in tone. On this consi deration they are particularly useful to Travellers, wins ate una voidably exposed to damp. Sold in Boxes, at U. and 4s. 6d. by Messrs. BUTLER, Chg. mists, Cbeapside. corner of St. Paul's, London; Sackville-street, Dublin ; Princes -street, Edinburgh ; and the principal birdieing Venders in the Kingdom. Of whom way be had the ANTACID LOZENGES OF QUININE, recommended in all Affections at the Stomach, such as Indigestion, Heartburn, Acidity, Flatulence, and general weakness of that Organ. They are found extremely serviceable in. Gouty Attacks, especially when the Stomach is more immediately engaged. N. B.—" Asa FOS BUTLER'S CAT MOM OR cIPLNINZ Losmass.” I know full well that this change of value and state of prosperity so brought about, was of very short duration, that a reverse followed again, a dreadful reverse ; but why? because the authors of these measures only half understood what they were about; they saw that an extension of the Currency would give relief; they lifted the ship up by that means, but they left her under the full weight of Peel's Bill, which soon sunk her again upon her side. But here was made evident what alone was and is wanting, namely, an increased Cor rency, increased means of circulating the products of the country ; and is it to be believed that we cannot so increase our circulation as shall suffice for the wants of the country, and lift us up again to the prosperous state of 1824, and at the same time guard against the dangers and mischiefs which then followed ! how can we doubt the possibility of ultimate success if adequate pains were taken? It is evident now that the full execution of Peel's Bill is impracticable ; that it is only by means adopted to counteract its infleence that the business of the country has gone on; its operation, unopposed, limits our circulation to so ruinous a degree that a stagnation, a paralysis, ensues; and yet every measure of 'opposition to lea fatal power is hazardous, every effort made to counteract its influence, is attended with more or lets danger : the more effectually it is for a time counteracted, the greater the danger; for instance. in the petiod just alluded to, the Lords Liverpool and Castlereagh, horror struck by the distresses of the people, particularly kr Ireland, when the unexampled sight of people starving in the midst of plenty was exhibited to our eyes when these Noble Lords, I say, sawihis, they by their measures distinctly charged it all upon the contraction of tie Currency under Peel's Bill, tad set about the extension of it with such rigour that they speedily effected their object ; the Currency was largely and hastily expanded, the sun broke sud denly in upon us, and all was life and spirits; it was so sudden that our prosperity was intoxicating, nor was the Chancellor of the Exchequer lesa intoxicated with the change which bad taboo place, when he declared that all classes of the people were enjoying a state of unexampled prosperity. 'This was pretty nearly the truth at the time be was speaking ; bat he, good easy man, did not dream that the next day would come a storm, a dreadful storm, and all his brie prospects be dashed to pieces. He did not see, the Ministers did not see, the People did not we, that Peel's Bill would not suffer so violent an attack with impunity. that it would speedily bring in again all the Currency which hadsbeen so hastily pushed out; this result, which they ought to have forgiven, took place and panic and ruin followed. The Ministers then, to save themselves from blame, accused the people of a nsania of specula tion and fell upon the Country Bankers tooth and nail; but they themselves were the only people to blame—their measures of 1&22 and 1823, wire neither more nor less than a speculative attempt to defeat the operative of IVel's Bill, and yet to keep it on the Stetsa, Dash. It proved how little they understood its power ; the same difficulties again came on, and then again all kind of different cause, are talked of, over production, the tremendous power of machinery is a favourite expression now, surplus population, and I know not what. They still, however, would counteract Peel's Bill; but then they were to do it this time very prudently, they will rake steps to protein so large an extension of Credit Currrency, and so , will have normal' notes of Privateßas.ks; they repeal the Bill of 1823. establish Branch Banks of the. Batik of England. and persevere io the most unjust attack upon the Country Bankers, the mrs,t useful persons to the industry of the Country: Further measures are !tow talked of ; Bank of England One-Pound Dotes are to be booed ; tbi foods TO THE GENTRY, CLERGY, FREEHOLDERS, AND INHABITANTS, OF THE COUNTY OF ESSEX. GENTLEMEN,—The difficulties which have long* weighed heavily upon the industrious and laborious classes, now press with such severity, so extraordinary and so anomalous is this ♦isitation of universal distre.s, that I feel convinced you must be looking to your Representatives, to whom your most important interests are confided. for some expression of their opinion upon the cau'es of the calamity, and of the means that ought to be pur. sued to avert it. There is hardly an individual now hiving a capital engaged in Agriculture, Commerce, or Manufacturers, who does not feel, an injury, coming as it were from an iniisible band, and every one, whilst feeling it, casts an anxious eye around him, and, unable to discover from whence it comes, dreads the moment when be shall hi added, another victim, to the multitudes of honest and industrious men who have already fallen. Tot CORIIIIRCT 4 rtior.;so MCAT IT w MOT 111IfTWIENT TO CARRY on rasa Commancs or Max .Courrae ; our Statesmen indeed talk of increasing Manufactures and Commerce; and give flourish ing, though I: belleveOflOn . hllaciout, statemitnts of Exports and Imports; Ships built, Tonnage, animen empipied. bay fallacious statements, for some Gentlemen. can play with.their official returns in a very . extratiklinary manner, and 'prove to ruined multitudes that they are In a: *molt thiiving .and prosperous condition. But what avails increasing Commerce without, any profit attaching thereto ? • Who will venture to say that Capital and .Industry now give any profit ? Who wilt say that ether. - there is no profit, the labourers can ise'adequately paid? •Who indeed will deny that half our klanufacturen aid others, having capital employed in great works, are carrying them on with an annual low, .and continue their works only breauae their loss is less than would be the sham. donment of their Establishments, for whiels they know there is no . adequate sale? Mr. Taylor. in hit.. admirable work on the Money System of 'England, quotes a remark rnade• two hundred years ago by Mr. Graves, a writer on Money. who said, " If the mystery of exchanges andyaluatlon of Money be not better under •stood, it may fare with Nations, after mash Commerce. as with •worie bodies after much feed, that instead of growing full and fat, they may pine away arid fall into irrecoverable consumption." Mr. Taylor goes 'on to observe. " England lass three suecenive times since the Warbeen on the verge of that kind of.consompdon, and she has the cemplainrupen her. at this moment." This pic ture is not too highly coloured, and was ever such before pre sented to the eyes of any peOple on earth ? and this Meter fourteen years of profound peace. What could produce this state of things. I ask again, but the cause to which I ascribe it? a sudden and trident change in the' Money of the country. increasing its value inordinately, throwing consequently a double load upon all the Industrious and productive classes, confounding all values and all the public and private money obligations of the country, confusing and obstructing all the operations of Commerce. No other country could have borne the shock, nor could this, bad it not been, whets the blow was fast struck, in a condition of strength and vigour unexampled; and here, let me remark, is the reason that the dill sullies I have described are comparatively so little seen; a giant blow hasbeen struck, but with giant strength the country cuotends against it. '; But you Will ask me what must be done? We must tell our Ruletirthat common sense and painful experience have shown us . at lerig:h the eau c of our * distress ; they must not longer deceive themselves or us- with plausible statements vain hoptsi.they cannot killer conceal the truth ond'ilatts matter of fact ; .they You may, perhaps, more especially expect from me icommuni cation of my sentiment., because I ventured some years ago to de. Blare a decided opinion upon the Calla( of the grievances then ex isting, and which, with variations in degree, and one short interval . have continued ever since, and which are now accumulating and gaining daily more destructive force. I declared my conviction then to be, that all our sufferings were °win : : to the mistaken views of our Statesmen respecting the Currency, and that so fatal was the error they had fallen into, that the evils arising out of it, however they might be less destructive at one moment than ano ther, could neither be conquered by patience nor would cease by time • that any hopes of relief therefrom would be fallacious ; and that to put off a correction of the error would only increase the difficulty and add to the number of sufferers. I was first led to this conviction by men of superior intelligence, and experience to myself. who saw the error before I did, but as soon as the convic tion became fuUy established in my mind, the truth of it appeared' so obvious; the re.soning upon which it was founded so clear and so conclusive, that I have never since felt hesitation or doubt upon the subject : every day's tale of misfortune and misery has added strength to the proposition, and I believe there are few men of business or reflection who do not now begin to open their eyes to the light which 'forces itself upon them. I say then our difficulties now ari+4 from the same cause as in 1e32 ; they do not arise from any of the commonly alleged causes; it is nett's_ r Surplus Production, nor Surplus Population, nor is it the effects of-the Machinery, nor want of Markets, nor Corn Laws, nor Tithes. nor Taxes, which bare produced them. It is the violent and sudden change made by our Statesmen upon all our money obligations, which has caused the entire evil. The tre niciolous effects of Legislation upon the Currency of a Country, the influence derivable therefrom. upon the facia nations and on the property and bapplersi of individuals, 1s1s& understood ; but search the history of this and every other -Coontry.closely and it will' be made apparent ; if you only tax your memory with a re collection of the woes of the last fifteen years, nod leffect upon . Is.. . . 1 . ' • •). -.'-- ' ' ~,, VA., 0 ~,,\ i t 4 . 0 . ,ali i • - 15-4,, , , •,_ vr : -•,•,:....-co "--,,-,it. , -- r , e , - Th 7 .....------______, , • . ( . - \\ V\ 11, AdifAint Eli. 11E1 ' 4sliTIS: 0 .'0 r tet W _,. .....,,, - . 07. , elO e t (r• .. ......,. • ____. ...___ /• •... ; , . THE CONSTITUTION—NOTHING ( 'LISS, AND NOTHING MORE . ---..... \ w . . ' FRIDAY EVENING, DECEMBER 11, 1829. PRICE SEVENPENCI . _ . . must reconsider their measures; they have evidently got into a are to be forced up and the fours reduced to threes, a retluct.w. wrong path, they must try to geiright ; perseverance in error has which will distress many persons, and by no means relieve the cm already gone to an unwarrantable extent ; they have too lon barrassnsents and difficulties ander which we labour. These coca sought to avoid a confession of the terrible mistake that has been sures are as vain as the others which have been tried; from the made, I say, they have gone much too far. considering the uni- history I have just detailed it is clear what alone is wanting, %eh ,t venal districts which pervades all the industrious classes and the would bring immediate relief and what alone cars.bring permanrc'• 1 relief ;—it isms' extension of the Currency rude► safe end just lima) . But it is not only iu the case above recited, that prosperity lia, ' been the immediate result of an extension of the Currency ; the ." , Some circumstances occurred in 11117 ; and it is not only that pros. perity is the immediate attendant upon an Increased Currency. a contraction of the Currency as immediately produces embarrass- anent and distress ; the contraction made in 1815 and 1816, prep. story to cash payments, caused the difficulties of 1813 and distr.,' of 1818. similar to those which again began in 1819, and Increased on to 1822. In 1817 they were removed by the same means as in 324. Surely the events of those two periods might suffice to satisfy any person's mind in respect to the cause of our present dilliCulties. and of the means that must be applied and would be Weeniel for our rdlef. The first object of Legislation upon the Money of a Country should undoubtedly be to keep its value as invariable at possible ; now I contend that Peel's 11111 is shown, by. this short review, t., have produced effects diametrically the reverse of this object, tha t the Maury of the Country has never been so variable, no such ruinous Suctdations of value ever occurred as have taken place since that time. What use, then, is Mr. Huskisson's famous resolution, or of what effect but to betray and ruin? If the Money of the Country can practically, and to all intents and purposes, be altered. and to a great extent, in its value, without altering the Metallic Standard, what is the ntaintainance of that Standard but a fraud ? I do not, however, mean to say that a Metallic Standard can be altogether dispensed with, but that it is productive of ruin instead of utility to attempt to establish a Standard which keeps no mea sure with the vast commercial and financial engagements, both public andstrivate, of the Country. The Standard to It Mel Mr. Huskiwon is an devoted, absolutely distracts all our opentions and will continue to be, as it has been, a source of deception and fraud, instead of security to, the Country; there will be a never ceasing effort to escape from its power, and as far as such efforts are occasionally attended with success, temporary and partial relief will be obtained ; if not successful at all, stagnation and ruin will follow. Ministers, as we see, have been trying continually to es cape (tom it; the people by some means will continue the same at tempts, they will use more caution, both Ministers and people, but the struggle must go on, as for file and existence, and fluctuation and distress, in every vatted degree, will be felt, such as we have experienced the last fourteen years, in fact ever since our Statesmen began the work of Currency us a sound and healthful state, as they called it. Now I do not mean to urge the propriety of any measure of rival violence with Peel's Dill, but I &Ist upon the ne cessity of a most anxious revision of it, and ail our Currency Laws ; first, I say, there is no way of solving the problem of our ar ordiny situation, but by looking to these fatal Currencire which are capable, and alone capable, of producing_ the Atonal) , ; then, I say, that a most diligent inq a t: n vith the Oaten the in formation which Government can d, would inevitably lead , to a clear view and exposure of the error that had been committed, , and to the discovery of means effectual to the accomplishment of L that object of primary importance, a safe and adequate Circulating Medium. I know there are those who will say, if the Legislature should entertain the question of the Currency, wish a view to any altera tion, it would cause great alarm, destroy confidence, and excite speculations of every kind ; but there is no ground for such an sp. prehension, on the contrary, it is necessary to the restitution of animism* which has been destroyed by these fluctuations and alter nations which I have described. Such have been the rapid changes in the money value of all commodities, that nobody can tell what to do or trust to; every species of contradiction to ordinary rules has been exhibited; we have had low price with a scarcity, high price with plenty, and people starving in the midst of abundance.— In 1825, when Wheat was at 68s. or 70s. the average, Ministers said the happiness and well-being of the people was unprecedented, indeed there undoubtedly was then no complaint, or cense for any. In 1827, when es heat was at 581.(10a. cheaper at least) and all other articles varying in the same proportion, the same men said it was an alarming prier, and means must be taken to facilitate the supply of Foreign Corn. and a Bill was passed accordingly. This is almost incredible ; but if you look into well authenticated reports of the Debates, you will find It is very true. I say that these performances, and their consequences, hare destroyed costlidessee, and it is abso lutely necessary the Legislatute shook! . take up the subject of the Currency in a very different style from . the past, in order to restore it. I intreat you to pause and reflect upon these • facts, because they ate absolutely Conclusive of the question; here are shown *sty and happiness at 68*. for Wheat—scireity and distress at 516. I own I am surprised that the people of this country should fail to see that this monstrous anomaly *surf arise from the difference o f the Money at those two different periods, and nothing else ; and that there should be Statesmen still c Table uJ deceiving them, with the ridiculous tales of over production. &c &c. As, EARNEST ENQUIRY INTO tat errs is off oua PRESENT SYS. TIM MUST AT •LL EVENTS BE GONE INTO, AND • MORE COMPRI DIWISIVE VIEW NEST St %ULM Or VHS 'RESIST SITUATION OF THIs COUNTST AND OF Boners. AS &WAVES TO THEIR .FINANCIAL AND MONETARY SYSTEM'. Tee swommus AMOUNT Or OUS DIST, THE CILNEsAL esivacmtta op CREDIT CURRENCY /OR ALMOST RVERY urESATION Of . COMMIUSCIL . 4SD . TRADE. AND THE norosuat- LIST Or AGAIN SWIRSEING TO ANT ERTENSITII USE OF TUN rat. CIOUS METALS, 11110115" IT ABWEVIILLY lIIICESSA RT TO LOOK BA.UND roe OTHER MEANS •TO GIVE STABILITY lAND SEcustyy To SUCH • SYSTEM. BENIDIVI TIM ANCIENT PLANAR! SUBSSCWINI Tilt ram:toes METALS To • MED PEICE, WHICH TS ATTEMPT UPON I ANT COTNER, COMMODITY WOULp at COS.! Mammas. At the same time it is possible our difficulties might at all events be par. Bally removed, much easier than those who cathed them are win ing to allow. A judicious though slight alteraticn will often pro duce very considerable effects; I thank the resumpllon of the Sil ver Standard, and the restoration of the Small Note Ctoto.tcy, would give some relief; at all event,, a trial mishit* made with safety. Let it not be forgotten that Scotland and Ireland have been allowed to retain their Gauntry Small Note eerrency with a penalty upon ha circulation in &beat d. An arrangement so at variance with common sense and justice can neves be pertain. at. We must legislate again, a we must take a Vino: course front what has been pursued. or we shall very soon eithau-t th, afore.' of our strength and tall into a -t ate of decay, out of whi h it r be extremely difficult to recover. It is time the inoustsious and intelligent people of the country should intetfere ; if the Agriculturist,. Merchat t, Manufacturer. and Shipowner, rai.e their voice in harnsony with leach other, as they obviously ought. on this occasion, and tell our Statesmen that they ascribe their diffiulties to the state uf the Current y, the I.e - gielature will certainly take the subject. into manna corsil-ration ; I think otherwise nothing will be done till some dre;dful catas trophe occurs, and which, if we go on to we now are doing, will take place at no very distant period. Is thus addressirg you, Gen tlemen, I have done what appeared to me an isdispetuable duty at this juncture ; I feel confident you win give me credit for tie motives by which I have been act6ated however you may ur may not agree with me in the opinion- I entertain. I have the- Honour to be. Geonernier, Your faithful and obedient Servant, • CHAS. C. WESTERN. * %%