Star. — London, England, 1826-02-03 00:00:00

ti ~. .% e . ~ er occasion. had been before, the consideration of the public ; fitly what causes t had failed it was not necessary itkpresent to Inqube. Their keneral object. vras..to impose sortie cl eek on the' issue of small notes,, ac' riling to the plan - stiggested bay his Nobie Fliend, near him (Lord Bexley) and to make ails,. aitange; ment with the Bank of Euglandi He had na difficulty • .in stating quit the first measure would be a regulation • by which tine and two.pound notes would be gradually •• • withdrawrifiom circulation apd a metallic curreneY would be t - übstituted in their Stead. The other plan had become essentially important and necessary. He should not join in t!ie reflections cast by the No'ole Bi. fon opposite. on the Bank of England, but he would admit that he bad been satisfied for years that the • country had grown too large in its interests and conitlercial transactions for the exclusive privileges .of that Bank. They bad been highly useful at an ear ler part of our history, but now their operation aas,.Xejutiotis. Any tradesman, however small— . a eheesemonger, a butcher, or a baker, may open a bank in the country, • and the operation of the law . *lowed it. But if a solid body of men, with a sufficient • eapaaTto intrry on banking effectually attempted it, the law wcitiklinit permit it. When the country got into such,a_fiate that the :Bank of England was no longer • sofficieht or. its necessities, it would have, been fit to loolrfor.the . means of founding solid Banks, and not to • allow Bank's of a different nature to be established. But . their.tordships must recollect that the Charter of the Dank of England, did not expire till • IS3S, and that it stood in.the way of any but an amicable arrangement. Though it'would not be possible, therefore, to obtain the seine advantages as ir that Charter had ceased to exist, the Bank of England had been induced to give • up so much of its exclusive privileges as regarded the country, and the establishment in the country of • Avanchesof its own institution, which lie thought would be attended with great benefit to the public. He bad thought•it hatter thus to explain the general nature of • the meautOs in contemplation, than w use any reserve oniins suhjact. With tespect to the Corn Laws, be Iliad go hesitation in saying. that, in his opinion, it was *likable, that sooner or later the whole system should • *envied, but , that it was a question of time, and that - it.ras sot his intention t or that of his Majesty's Ministers, to bring forward any general measure on the subject during the present Session. Ile did not see anything . in the state. of the country which called imperiously for • any measure of the kind. He had spoken of a general one, because there was a particular measure respecting the corn of Canada, which it was nut necessary to revive this Session, but . Which, In his view of the subject, must be revived during the present tor the next: • He had not yet come to a Seed determination on • that pointhowever,and wished to keep kin reserve. With respect to the inquiry, of a Nobk Earl, why his Majesty had not attended this day to ,open Parliament in person? he did not know why . there should be such prying, and why such inquiry had been made hear)—but having once been Introduced. he thought it his ditty to . state, that his Majesty's absence from that Homo this day . was on account of indigiosadon—( Hear, hear). _Earl GROSVENOR only meant to express his regret that his . . Majesty should not have been able to attend in person. He also • wished to know what would be the scale for gradually withdraw his One and two pound notes from circulation? • The Earl of LIVERPOOL replied that that eras a questioa of . detail, into which he could not at present enter, and on which it would not be fake° press for an answer. He had no objection, Isowreer, to state. that it was intended to begin by withdrawing • • the Bank of England one and two pound notes from circulation, • from plaith the Noble Earl would recollect they had already been •• once withdrawn, though k had been feundOtessaffillba&w of . heing, i•k 14)0 : • '`• TheTialt of CARRARVON feared that the pros iserity..of the country had arisen from that measure, the airtillation of one and two pound notes, which had • • • done good at first and harm after. He trusted, that whichever the question came to be discussed, their lansiiihips would not take it in parts, but the whole at once. If his Majesty's Ministers could obtain from the Bank of England the means of giving greater solidity to Banking establishments, such as they enjoyed in the not parts of the island, they would confer a great benefit on the country. It was worthy of remark, however, that the greater part of the currency in Scot land was a paper currency. If we might look forward, as the nature of the Speech from the Throne seemed to indicate, to years of peace, let those years be used in • placing our country in that state in which it ought to stand, bat which he feared we had sot yet attained sufficient know. leitge to establish. lie objected to altering the currency by a graduated measure. This had already been tried and had done no gitod, and the sane effect had been produced upon the silk mania * factswers. B I Y allowing them two years to prepare to meet foreign impOrtation,St bonus had in fact been given them to overstock the . market, the consequences of which they now expetienced: whilst, if oily a few moths had been allowed, the dilSculty would have been avoided,,and their present distresses prevented. The Earl 'of LAUDERDALE thought .that too . . much 01 the existing evils had been attributed to the state of the currency. He had always considered that I Paper currency, convertible into geld on demand, was ai safe* any other. Them was cause enough for the .difficuhies into which the commercial world was in volved,•without laying the blame on the circulation. Let uslook at the actual demand for capital. In the . course of the last year. 17 aallions had gone for em ployment abroad. Had the country been plunged into a war, and a loan of seventeen millions, beet pro poised, would any gran have wondered that an eff.mt should hays been . produced oa the currency? Why • 'should not the removal of seventeen millions of capital. An 'lad speculations, act in the same manner as a loan? The reattvil was - the demand on the capital of the onuntey • and it would only be corrected when that de. Anstid phojed grow less. The best merle of discovering a remedy • would•be, io look at the payments that were to be nude, on so nalinf WAY and other Companies, and t• 'ascertain their amount. ' diking*_the recollected. one and two pound notes had formed the bulk of the:currency. If then, his Majesty's Ministers speculated folt a remedy on their abolition, for Goo's sake let them not extend ' that remedy to. Scotland. where the circulation of such notes had • been carried on so long and so prosperously. • • Lard ffinto's Amendment not having been seconded, was not put, • • intl.4lse *eights! Address was agreed to, ntorsi d e contradieente. •-:- iOn the motion of the Earl of Lersaroox, the usual Chairman of the. Committees (the Earl of Shaftesbury), add the other Of .if the *l9llSe, were renappointed•for.tbe present year.—Adjourned till ffionitar. HOUSE OF COMMONS. • This day the House %pet pursuant to his Majesty's Proclamation. The Sesaxes mitered the House of Commons at half-past two • e e ie e g. Immediately afterwards the Deputy Usher of the Black • 'Rod summoned the Members us *trend at the Use of the• Douse of Lords, in order to hear his Majesty's Speech on opening the s ee . aims ; when the Sriamta, accompanlearby several Ale:Matra, pro ceeded thither accordingly. • - .• . - -. • kw" yRITS. „ At h i lt- gait four o'ciciet, the Spgsfas again teeth the Chair; and ` . - sliottly after informed; the•Hosierthat pursuant to the provisions • ' ''• *•' *Of ti* nth George 141-, la‘ had, ;face the , vorogation, issurd his : . • •: •roNsita Smith" electiqu. of i ld i embers fur the Serener of "Banbury, • .ri .;.sake ;mopes Of btewpotta44 the' BorMigh 61 cords Castle, is c0n ....• s:• • • cri *lke asceptirite of 'an Mike by• Vie Representative of oe, andotbe-Eisfatb adhere of flte s othets:. NIGHT move d a new Writ for thillOroiigh of Wee r •feri . 1 111 V roost of Charles Mills, Esq. deceased. :n -fie Catodeichse Outlawry llill was then read a first and se toad time. .• J , • • • THE KniG3 *llOll. - the healthy condition of that great' e ttablishmentorih is., 'The SPEAICER row to •aeqtral it the hat 1 ' and ably adepini.teryd reliirdoring to hear his Ilaipay'r which, trf ' a . surrounded' it: Mid*, Oho c'bs.erire4 ender me Great illjial, Was test iso WM. : c,._ as WisligalerJolt ti# iliabl rn . o . ,in 4ke m convoy last ear could not Otherwise :Cesuktactia, able* feontiam.mition. ' TO pnreent ladiresseured a coop of .the Speeds; *hi* pith 0 - but thdt thlye was very considerable and, whatever the face might be, the; the. Home, Ise waist read aloud. . ified the Moir f. Under 'these circum- The Smarm then read 'his blaiisty's . _ partial interference mi't't be expedient: of which appeared in the STA% of yesterday.) THE A L.MItEOI4- -- • —' - but it would still be the duty of the House to leave corn. Mr. STUART WORTLEY, pii. (attired in full mi- mercial transactions as free as possible. By proceed litary costume) now•rose, for the purpose'of moving that ing cautiously and wisely the House might be led to an humble Address be.presented to his Maje.ty,thanking strike in a material degree at the root of the evil ;, and him'for the gracious 8, eech which this House had just perhaps the most effectual interference on its part would heard read. The first point to which he would call the be to guard against the indiscreet investment pf large attention of the Hinise was, the shOck Whch commercial capital in unsafe hands. Scotland was an example of credit had lately sustained in this country. . This was a what a vast portion of paper currency was capable of 'subject in which all were deeply interested, and one being kept in circulation without that breaking system which ought to be looked - at manfully. There was no which had so often been observable in England ; and reason, indeed, why we should think of it or speak of it Parliament might, perhaps, be enabled to profit from without firmness. The crisis was now past, and though its example, in providing the means of public secu it had borne bard upon the community, it was not alto- rity. Whilst these temporary embarrassments had fether without parallel in some of its most important occurred in the commercial transactions of England, eatures. In 1793 and in 1798 similar distress had . oc- it was pleasing to turn to the state of the Sister Country. curled, similar difficulty had • been experienced, and Every true Englishman felt a natural attachment to similar failures had taken place. 'ln 1793'a150, we were the interests of Ireland ; and would be gratified on about to engage in a foreign war, which undoubtedly finding that tie House was no longer called upon to tended to increase the alarm which then existed in the pass an In,tirrection Act, or enforce the payment of commercial world. In both these cases the mischief tythes ; whilst education had spread rapidly over the might in some measure have been charged, and was face of that country. It appeared also that every charged, on the Government, inasmuch as it had recommendation of the Government had been attended engaged the nation in . a war of which no one could to, and there was every readiness to inquire into the foresee the termination ; but in the present case VG state of that country. M inufacturers readily placed such blame could attach to his Majesty's Ministeit.— their capital there, and soon the great Landed Pro- The causes of the late alarm, and consequent mischief, prietors would have cause to rejoice in its prosperity, were various. If we looked back to the commence and partake of its benefits at home. With regard to ment of the year 1824, we should find tha!, instead of South Americ ~ England felt satisfied with her con • the alarm in consequence of foreign war, which had nection with the existing Governments in that quarter characterised 1793 and 1798, there was not only peace of the world. Though she had never any apprehen with every Power, both in the Old and New World, lions, still she avoided everything that could in possi but also a great apparent superabundance of capital, bility be deemed rashness, or which might, by possi ' which gave rise to foreign loans and other speculations. bility, lead to:a war with any other Power. A nation IThe course of the exchanges with other nations had most: AO upon safe, upon permanent principles; and consequently been turned against us. The great cause, England, as far as respected these States, appeared in however, was evidently to be found in the banking her usual dignified and proper character. The Hon. system of this country, which, by limiting the number Gentleman then adverted to the state of our National of partners in the country banks, and placing no re- Revenue, which, notwithstanding the drawbacks upon striction either on the nature or amount of their issues, it, occasioned by the recent commercial-distresses, had laid a folindation for fraud, and furnished a temptation nevertheless, on the whole, not disappoin.ed the expec to it which, it could hardly be expected, would be re- tation which had so rationally been formed respecting it. sisted. The consequence was, that the circulation 'of H. then paid a high and just compliment to the great the country was frequently in so morbid a state, that ability and assiduous attention of the Chancellor of the confidence only existed while gold was abunda nt. Exchequer; and glancing at the general state of the 'He felt assured, however, that the late storm had been country; he observed, that its trade, though partially productive of good, and that the. public 'would ulti- embarrassed, had on the whole decidedly flourished ; 'mately reap from it the most signal' advantages. 4 The whilst its finances were highly prosperous. Ireland had - Bank of England had, from the manly and liberal advanced in industry and prosperity ; and to whichever manner in which it had come forward to mitigate, if quarter we turned, the prospect of future happiness not to avert, the difficulties which had lately prevailed, ;delighted our fond view. It could not be said that our risen high in the confidence and esteem of ,the co',rntry, national resources were otherwise than in a prosperous -and he trusted that the country would not readily forget, state, notwithstanding the late occurrences, the attend its generous interference. When the South Atnerican ant evils of which were purely temporary—unproductive of any markets had been first opened to the c • Ommercialenter- _consequence en that couldon Honourable e teprove injurious to the interest Gentleman concluded by *mod* prise of oar countrymen, similar distrdss had ensued to 1 Addr t Z that which bad lately been felt; and in both cases the The Address lining been read by the Snares, evil bad evidently arisen from an immoderstd inchil-'. Mr. BROUGHAM professed, that if ever, in the peace in the freedoM of trade. There was, however , course of Parliameetary experience, be had been led in the present instance, another cause to which be :to regret the disaseof,the ancient practice which placed would merely allude, but which.bad undonlitedly as-, th e Royal b in the bands of Members some short sisted in banging -about the late crisis--the notribina, Ap o before they were called upon - to glee their opinions lions among the .workmett . . in different - parts' of the upon, it, he doubly regretted.the disuse of that custom *kingdom, in consequence of the repeal •OrtiaeNd Wes % now. As this olderlirractice,• however, was stow de on that subject, and the :chief of . these was 1.14 corn- pa tea from, andithed became customary far Parlia hinatien of the operative manufacturers at Bradford , anent to discuss the Royad'apaeches without so much as which. had lasted for thirteen or fourteen weeks.— baying an hour, or indeed - any time at all, for thinking He teapot opposed to the principles which'had ,been about, or making Ur their minds upon, them—as he . lately actectupon by Government, in regard to 'the in- was called upon, subjett to this arrangement, at once tertial and external •industry of the country; and felt 'to assent to, or dissent from the Address, or to move perfectly confident that time would effectually cure all an adjournment--...which, let it be .understood, he did the evils which had resulted from them, without any not mean to do,—under such circumstances he rose - interference on the part of the Legislature. He would merely to guard himself against its being assumed, therefore express a hope that those evils would not be that he assented to any of the statements, or con. charged to the new system, which, as Ministers had ex- curred in any of the doctrines laid down in it.— pecteri s bad already begun to be acted upon by other As to the Address, it was in fact in the House little countries ; and that, instead of being opposed in their else than matter of form, yet it did certainly always endeavours to establish the commerce of the country on go forth to the public as if supported by a great deal a beneficial and permanent basis, they would be encou- more o f the c o ncur r enc e o f Parliament than it actually raged to persevere in the course which they had enjoyed rand he (Mr. Brougham) was inclined to think adopted. Conventions for Commercial Treaties had that the country would be very little satisfied to find been entered into between this country and other the distresses under which it laboured treated so States, both in the 0%1 and New World, which held out lightly as in the Address now proposed. The distress , every prospect of mutual benefit. In regard to the under which the country was suffering, was mentioned South American States, the utmost fairness had been as something not very universal—not very serious ; used on our part, both in endeavouring to settle the and confined pretty nearly to one branch of the differences between them and the Mother Country, and commercial interests of England; while he (Mr.' in the recognition of their independence. There had Brougham) believed it was most serious, widely spread, been 'no stipulations, no bargaining, in any shape what- and not confined to any single branch of trade or :peen ever ; on the contrary, the whole had been conducted lation, but eatending over a very great many, if not over and concluded in a spirit of the most perfect amity and all the most important trading relations of the kingdom. good will. Of our own territories, but one portion, and that a distant o n e, was disturbed; and though In the midst of all these calamitous circumstances there was one fact which pleased him, as it shewed clearly, if from the nature of the climate the war was protracted to a longer any period than was expected,' from the valour and conduct, of oar argument were wanting to show that truth, that the army, no doubt could be entertained of the result.. The irate distress, whatever might be the cause of it, was in no the revenue was also a source of high gratification; and, though, way owing to that more liberal, and he should say wise from certain circumstances a deficienty was visibly la the last Quarter, the result of the whole year was most favourable. Ireland and just system of commercial policy, which had lately received the sanction of Parliament. If the was peaceable, and a spiri t o f c on tent was di ff used through her Provinces. The tion.*Member concluded by moving the Address, ry suffered had been distress under which the count which was, as usual, an echo of the Speech. confined to the si.k trade, some argument might have Mr. GREEN rose to second the motion of his Hon. been raised, that the new regulations in that trade had Friend. Situated as the country was, owing so much of produced it ; but as cotton, wool, money, various other her prosper ity to her manufactures, it %omit ill become branches of trade in the country, were Suffering in an the Government of such a country nut to come forward equal, some in a greater degree than the silk, it would and declare boldly and manfully, before all around, be quite in vain to charge the new law, which moreover what it thought on the present occasion. He should fall hid nut yet come into, operation, with having had any far short of his Hon. Friend, were he to attempt to lay shale in ;cresting the calamity. Independent of his down the causes of the present evils, which have been belief that the distress in the silk trade was referable to so ably adverted to by him. In reference to the years causes entirely different front the late measures 11793 and 1798, and their attendant calamities, there touching that trade sanctioned by Parliament, those was a strong difference between those periods and that who set up the contrary opinion attempted to sustain which we bad just seen. '[he first of those periods was it by arguments, or rather by assertions, which had marked by the opening of a war, and the other was no foundation in fact. They . said, " the experiment subsequent to that period when the war was still being has been tried ; it has failed; and distress is the continued ; but the present times mere different— result." This was not true ; for the experiment had when enjoying a profound peace, when our manufac- not been tried, but remained to be tried, and therefore turns were flourishing and the country enjoying it was impossible that distress could be the result of it; every apparent abundance, a sudden and unftueseen for, those who were loudest in complaining of the late shock took place in the mercantile world. -One point alteration, would find, that if any part of the new system of similarity was, helever, observable b:tween that had done harm, it was that of which they themselves time and the present. Interest was then low, as it would be the last to complain—the diminution of the now is; manufactures were prosperous; 'Bankers is. kapott duties, and returning of the money, and that sued beyond their actual posiessiona ; the people called ' there had been no change yet whatever in that pat upon them to perfcitm their promise of payment, of the. arrangement which kept upon the foreign and thus was crewed a somewhat staidly sensation manufa c tured silk, for the next six months, a heavy to that which. We bad lately 'felt. Capital was: ,fu protecting duty. .In the midst- of all that suffering, it plentifts), , that I was • eastfor - the wil lest -spec.- was a most painful thing, and it might seem an indeli hoot to, Mein with . a, ready idventno t, , Win) wart cam une,-;-at all events it was always a thankless task, willirig to ro4 • his lokutte open •itt hazird. . i li...wal ' -:49. tell.. peopl e that their distresses were in any not, theft-fore, to' be wondered% at shit -matins degree *64 - imputed to themselves ; but it was Iris turned out so unfortunately as qsAy had. In regatille (Nfi. - 13i6ughatn'*) duty to say,. that in hi;opinion g the, the Bauk of England, the natioh . croild not but adMire .tOot of tl.c di:ire,: in the 's Ik-trade; as - well as most •168206/11• • fill •••IMUINI•7 ‘l , • MM... Me liouge-that be had Wen liswir t ue eta rio . :h4fr so .. promptly pd Gamma, " ilbeCldielititi tilirt . '‘,ITO pereent mi in 4ke oroonn $ 1141 isieresaed but ate mate of.the ea 41 4 1 sPiti the per m 4, capita - within it t • 's Speed' (a _verbatim "s" ) , hOPettrence just i fit rday.) -motes some part - • - . !other , atlofse from over.tgeding:. - . ik would no to the•years 1793 0f'1,97: becalm' he thought periods more analogous to the present might be.founi nearer at hand ; and, to select two examples at once—. he would take the first opening of the new branches of trade to South Anierida ; and the opening of the con tinent afterwards, in'the year 1814. The list of these transactions had led to such an excess of exportation, that merchants had actually • re-imported their. ova goods from Holland to this country, as a measure of less loss than the selling them abroad. JAW, in the former, iron, saddles, skates, and hardware of emery deist iption ) had been sent over, until, in 'many' cases. the proceeds scarcely bad paid shipping charges and instarance...l.. Nbw, if it was to be complained that the things of system bad led to these distresses, it might beat well argued at once, that we should never alter an, system that was objectionable, or, indeed, ever open any new market, for. fear of the consequences of . over-trading. But he trusted that, upon this subject, there would lee no difference of opinion in the II nue:. Apart, however, from the question of trade, there were certain other topics touched upon in the Speech and Address, which he found it necessary very shortly to notice. At the time last year, when the aspect of foreign affairs had seemed to render it just potsibir that England might again be involved in war, - these had been three circumstances which induced'thinieing-per- sons to deprecate any disturbance of peace as tar as possible : these circumstances were—her dvbt....her currency—and the state of Ireiwnd. The debt was out of oar reach ; but the other two evils."-the citrrency and Ireland—were not so. To theseawo evils, 'than. it behoved the House to pay immediate artzetiost; and not wait, before they acted, for the day vchtuvi war should be necessary, and, of necessity, must ccrtne. , Sow, when he heard it said that Ireland hal/beers pealmtly quiet and prosperous, he rejoiced w hear it. and si4nist question it ; but yet he did think that shc cause of:the tranquillity of Ireland lay in her expectation that soisato thing would be done for her. He believed that if that tranquillity was preserved, it was preserved by the fact that Ireland was looking up to Parliament for assistance and relief ; and he trusted that, at a fit and convenient season, she would find that she had not waited patiently in vain. With respect to South America, theinen 'of that country have, no doubt, attained the greatest glory that men can possibly attain. They have achieved their liberty, and though they have not received atslitance from us,.it gave him sincere pleasure :that we were upon good relations with the inhabitants' of thaw Item publics. With respect to the treatrbetWeen this country and the Brazils, of which he had seen a - translation, he would fain hope that it might never be Confirmed. — He had some ground for hope, as it was not yet ratified, and he trusted, sincerely, that it never would. be.- - That treaty contained one article, against which be - most enter his decided protest ; he meant that by which the parties mutually bound each other to give up the per sons of those charged by either with any' offence what. soever, not merely for treasons, real or constructive.... not for felonies or murders—not for climes as fantasti cally named as in the time of Henry the Eighth; but for all possible offences. Indeed, it would appear as if that article in the treaty were merely intended to keep alive that worst statute on our Books, the Alien Bill: Much had been said as to the 'Bank of Borland,. and without throwing any" blame upon the .Liovernuts ot that Establishment, he would only express a with, that the period was come, at which alt the trading einceriu. of "the Empire, the legumes and .the welfare of those. out of trade, as well as those in trade, should - nolonger; be left to the controul of any twenty-four mail, whether designated as a bank, a club, a corporation, or any. other name when they would not have the poWer of restricting or enlarging discounts ; and by reason of such fluctuations, not only creating distress, tint pro, ducing the most fearful results on the whole property of the Empire. He imputed no distrust to the Bank-. but it was utterly impossible to say, chit such a peace as they possessed—a_power to be used without &het check or controul, , ecruld ch other than lead to.usis chievous results.. If other Banking et/. 1. 9,Pa1iel were allowed, then'the country would • not be liable to the, errors or abuse's of the Bank of E'igland. Hr , thoogpt , he might gather from the speeches of the MOver and Seconder of the Address, rather than from the. Speech they had just heard, that tome proposition to that effect would be submitted to the House, and when that was door. it would be full time to enter upon its meats. He *ipisiwil dice more to say, that in not opposiog the Address, he merely loinettia the usual courtesy of the House, at the same time nursing to him- self todimuss fully every measure which might he submitted to their consideration. Mr. ROBERTSON begged to remind the House of his predictions of the late calamitous distress which and will continue to overrun the country. lb clearly foresaw that such consequences o °old follow on the adoption of the measures heat all times in -that House reprobated. The policy that has ace isi%ned this di) , tress is of ten years duration, namely, from the ego. blishment of what is called tree trade principles. He would prove this, and that too with the aid of a book' which the Right Hon. the President of the Board. at Trade (Mr. Huskisson) published fifteen years ago:s.The Hon. Gentleman insisted at considerable length 6% what he declared to be the, cause of all the late dis tresses—the origo rodi—namely, the excess of eaports, called by him expenditure, over the imports, contract to the usual opinion entertained on the subject. Since the peace, the excess of exports over imports is nineteen millions, which the Hon. Gentleman stated A s -be so much of the capital sent out of the country without any return. The Hon. Gentleman insisted, that the excess of exports over imports was so much abstraction of the wealth and capital of the country. The average excess of exports over imports is 25 millions per anon% tin the year 1312, 13 millions), consequently, the couacky must be impoverished, if 25 millions of its weahlugo agnually out of der. country without . any return:: When Mr. Pitt held the helm. at the breaking out of the war in 1792, the racess of exports was but &MOON ;in 17 9 F, five millions; but these were , accoentett for by she foreign expenses contingent on war. No such apology can be offered for 25 midions annually, now fa a time of peace. The Hon. Gentleman went. into a detail es planetary of his views, and the excess of capons over imports being . the cause of all the late and eve, y future distress an the English commercial market With respect to one part of the Speech trout re Throne, which appeared to intimate dud the existing evils were not within the reach of the Legislature, be begged to repress hie decided conviction that the contrary was the tact; the remedy tar those evils did lie within the reach of the Home ; it was within the power of the Legislature, by restricting skit excessive &petul ance which was placed upon foreign commerce, to do away stub mom& of the evil which that dependance produced. The ilea. thredeasaa eteboitided by repeating his convictiou tb-st the system. milk stood at present, was most injurious sod desu tic ive to Or welfare of the country, and enforce) the . necessity whit t ext*J ihrea ealetnled policy. • • * 0 if It d s Ir T c t f I - I C e • • • I. t t • e• C. r • f A r , e . $0 r• 8 ie • ti If It if It '1 r. a y tr y ut K If IC , i r~