Star. — London, England, 1803-02-08 00:00:00

lefs tbe.. ice. go uld I, if nee mid 1.- tb ea RA ler• the ' I in the clear& manner. One eircumgance :iail made a ionfiderable impreffion on his mind, which was, that .the Court of DireCtors had long fince declar ed, they were competent and ready to refume their calls operations, whenever Government thould give them pertnif fi on fo to do, and this being In, Le could not conceive a poflible cafe, in which it Could be impolitic to adopt it. Here was, in his opinion, a Rill further reafon for inquiry, which could not but produce the happieft effeCts, by al laying all alarms, both at home and abroad, on this moinentousfobjea ; and placing the credit o f th e country on that firm, folid, and pre eminent hafts on which it had formerly flood. In his opinion, it Was owing to the prudent condua of the Bank, that nn more pernicious effeeis had enfucd from the original reltriCtion. If it be true, that o wing to their prudence, difcretion, and good condo& hut into which the Houfe have had no power of in quiry, thnfc mifchiefs had been avoided, n hich had been apprehended by many at the commencement of ti lts meafure—no matter whether politic or otherwife, at the moment—an inquiry would tend to (hew that good conduit in its true co lours, and would refleet the highell honour on the charaCter of thcfe who had In worthily and ho nourably purfued it. If while the Bank was obli7ed to pay in fpecie, any confiderable or imprudent exportation, or diminution of fpecie, had taken place, the charge would in fuch cafe fall on the Direan,rs, who would be amenable to that Houfe and to the country ; but when that check was re moved, in his opinion, the whole credit of the country was placed on a degree and extent of Confidence, which no wife Government would en. troll in the hands of any let of men, and he had kso doubt but that was the reafon why the Right ( Hob. Gentleman had ex preffed his honourable im. patience to fee a termination of the prefent mea fure. He withed, therefore, that an inquiry might be made how far the inconvenience had been felt; and alfo, whether the removal of it might not take place by degrees; - whether fome gradual fyflem blight not be introduced, by paying . off the (mall notes, or by fixing Come very limited time, in which they would begin to refume (mall payments in fpecie ? The Hon. Gentleman who (poke latt had laid, that the Bank did not like to ferve the public by the importation of bullion, when that was attended with a great expence to them felves from the high price it bore ; but he did not *le* it in this light, for in proportion as that was high in value, our manltifaditres would become equally increafcd in their price, In that what the Bank loft, other perfons would gain, which would form a counter poife in the courfe of exchange. He reconciled, though but imperftal y, a period when the courfe of exchange was formerly greatly aga loft this country. In the year 1773, when there was a great deal of bad money in the country, it was fo, bbt he belieVed that was not owing fo much to the general commercial fituatinn of the country as the !tate of our fpecie ; for as loon as by a new coinage the money again became good, the exchange ot:ce Snore became rapidly favourable to us. Certainly, Paid he, a Bank note is not fo valuable as a guinea, becaufe it is not exportable. He admitted that the exchange has rifen in our favour within the left eine months, but could not fay, whether it was owing to the Rate of the currency of the country. When he heard that one thing is fcarce, and an other plenty, he could not but infer, that one thing *as dear and another cheap i and that if there was g fcarcity of bullies. imported, all articles of ma nufaCture and commerce would fetch a higher price. In fume plates in the country, where a preference was given to gold before paper, he had heard that a premium had been given for guineas; hut this was not owing to the want of fpecie, though it was evidently a depreciation of the Bank paper. It was therefore dangerous to fay, that the yell. inion wascontinued on account tithe c :change. On this principle he would not oppofe the Motion, becaufe fome meafure of a fimilar nature might, perhaps, be neceffary for a Ilion time, but he with ad to go a little flower in the bufinefi, and to have risme inquiry, Mr. BANKS laid, that he did not know exactly to what extent of time this refiriltion was intended to be continued, but be thought it requifite, for the credit of the Houfe, that they fhould require to know what caufe there was for its continuance.— He did not know whether the Hon. Gentleman ( Tierney ) meant to move for an inquiry; but if the continuance was not very fhort, be believed he Ibould bring forward tome Inch meafure. All would depend on the continuance of the refiriaion. Lord HAWS csa u a ir (aid, the onl y °Nation teem ed to be to the length of time of the continuance of this reflriainn, and that certainly might be more properly dilcuffed in the different Rages, after the Dill wrs brought in. He withed, however, to fet both the lion. Gentlemen right (Mr. Tierney and Mr. Fox) who fpoke immediately after his Right Hon. Friend, as to what had been advanced by him refpefting the Courfe of Exchange. He rer feelly agreed with him, that the ftoppage of the tank was to be greatly regretted. and he believed no perfon would think otherwife ; it was equally true, that it was greatly to be walled that they should, as loon as poflible, renew their call ope rations. The ground on which his Right Hon. Friend put the queflion was this : having impofed a r af t ...Rion that had continued for feveral years 'without any inconvenience having refulted from it, and without any being felt at the prefent mo ment, is it not wife, raid lie, to paufe before filch a refiriaion be taken off, and till a more favourable opportunity offers of doing it away ? Owing to the drains of fpecie which had been occafioned by the remittance of immenie films for the payment of the •Ai:ny and Navy abroad, and bullion not coming into the country as it would have done, the exchange had been reduced extremely low, and h.id operated greatly to the difadvantage of this country ; but now, fince the peace had taken place, and we h.sJ experienced a confcquent in creafe of commerce, th at exchange was very rapidly improving in our favour.—His Right Honourable Friend had by no means laid, that the rettrielion oueht to be continued folely on account of the ea. lunge ; lie had only atked, shat his Lordlhip Cod, he thought it ritvellary repeat to the Houle in.en be fully and fairly under flood; " Would you take a Pei iod of an unfavourable date of exchange, as that which is molt proper to Segin once more to revert to the ancient fyflem of paying in cath at the Bank r' No loch idea ever entered into the mind of his Right Hon. Friend, as the inference drawn by the Hon. Gentleman un der the Gallery (Tierney), that at any future pe• riod, the payments in cath by the Bank fhould de pend on, or be regulated by the courfe of exchange. With regard to the appointment of a Committee of inquiry, he objc9ed to it, becaure he was of opinion, that it would only create alarm both at home and abroad, when altogether unneceffary. —When this mealiire was originally retorted to, the Honk bad molt wifely deemed it necelfarv, in order to ettablilli as a fit to the whole world the futliciency of the Bank ; that fufficiency had thereby been eflabliilied beyond a pollibility of doubt. Not an iota of doubt, on that head, at this moment exilts in this or any other coon ti y ; and the Honfe now know, by the paper on the table, to what amount notes have been itiiied, and whether the Bank Directors have abufed the power with which they have been entruned Per haps, in another view, and at a future period, it might he deemed expedient, to enquire into the general Rate of the paper money of the country ; but whenever that fhould be thought prudent or neceltary, it fhould be done on a loge and exten five Icale, and with the molt ferious and minute inveftigation, that fo great and important a fubjen required. His Lordship then adverted to I\lr. Fox's obfervations, rcfpetting the courfe of ex change at the period when the coinage was bad, and agreed with that Hon. Gentleman, as to the fat of the courfe of exchange being then toppled to be againft this country, but he had the greaten reafon to believe. from every information lie had been able to eolith, that from the defative (late of our coinage, the courfe of exchange apueared to be againft us, when, in faft, it was really the reverfe. If the Houte would look to the courfe of exchange for three years pall, and compare it with that of the laft twelve months, it would he clearly fccn, that it was owing to the cartes Itated by his Right Hon. Friend; and he had not the fmallett doubt, but that in a short time it will once more be in our favour. He thought it neceffary to nate tliefe reafons why he molt diifent to the appoint. ment of any Committee of Inquiry, as they applied equally in favour of the Houk agreeing to the Motion now tinder confideration,for leave to bring in a Bill for the continuance of the reiiriaion. Sir FRANCIS nattexo laid, that in his opinion, the Houfe Ihould not confider the prefent continu ance of the reftriaion, as a circumthvace arifisag out of common carafes, but as growing toit of un fortfeen and irrelithble events. Time had been a great convulfion in political afEtirs in every quar ter of the globe, and that coraullion had operated very great and very important changes—the mule of exchange between this country and all others had varied as well as other matters ; it will at pre fent admit the importation of Calvet, but not of gold; flyer has lately fallen to per cent.—Cold has continued much at the fame price as before.— Thek circumaances. he repeated, do not arife from common caufes, but from the various eflot is and exertions of foreign countries to gain advan tages over this--the convulfion had extended and affeufled them all in a greater or lets degree. and prudence ought to diaate to us to wait with pa tience till the effeas of the florm fubfide. The CHANCELLOR of the Excloozy E a laid, in reply, that Ise bad not originally in his contempla tion to propofe this rearidion. At the dole of the lag year, and of the lag Seffion of Parliament, he hoped to be under no neceflity of intioducing, filch a meafure. 4 , We are now." raid he, 4 , not in a Rate of warfare, but yet, the Rate of the country is not fuch as to place us in fuch a fituation (as may be fuppofed ) of complete fecurity in the United Kingdoms. They need not dread the ref - tilts, what ever they may be, and these can be no doubt of its credit in opulence to fupport any demands that may be made upon them : the reafon of this Ad was to meet the influence of any premature de mands when (as has been already explained) there was no influx arifing from accidental caufes ; the Hotife mutt confider what is at this time the un favourable courfe of Exchange, the commodities expored, and the delay in the importation of bul lion ; we moil not, therefore, neglect the obferva lion of my Noble Friend, but alto add, that if the payments in fpecie by the Bank be not reftrained, the run upon it willjbe extreme,notwithftanding the precautions that have been taken to prevent it. The holders of (mall notes may be induced to exchange them for cafh : in thefe obfervations I with it to be underftood that I had no correfpondence or com munication whatever with any perfons concerned in the Bank. There are commercial and political relations b-tween the Government and the Bank 1 1 of England, which in fome views it may not be ' difereet or proper in his Majefty's Mittiflers to mention, as it is neceffary to ufe fome difcretion : ,all that may be neeeffary to ohferve is, the (late of commercial at d political affairs is at prefent fo difiraded, that until they may be reflored, the Go vernment of this country mutt confider it at a duty to keep up the utmost degree of vigilance." Mr.Vasso numerated a variety of caufes that at different times affected the coutfe of ex change as it regarded this country, and obferved, that the difficulty which the Spaniards experienced during the war in getting home the produce of their mines, was one of the principal reafons why we were in WADE of bullion. Thcfc oharadions now no longer prevented the conveyance of thole treafures into Spain, and it was natural to taped that a great quantity of them would (portly find its way into this country. After fome explanation betwixt Mr. Tierney and Mr. Vanfittart, leave was given to bring in the Bill. The Houk waived itklf :nto a Committee of Supply, and a varkty of kik Accounts were rektrcd to it. Mr. Coaa T, attar meet ieotne that the Votes for the different Sums for which Ise now meant to move were the fame u Mote which patfod to the lag tetSon, propofrd a variety of Sums to be voted for local purpokr. rhe kveral motions were agued to. The Houk retuned, and the Report ordered for tronsorrow. Mr WicKNAIII gaya inalcc, that he would on Monday move for leau to bring in a Pill for placing Revenue Olken, with rlard to the right of !Icahn', on tZic fame footing with the fame O&M IN England and Scgtland...-Adjourool LONDON. TUESDAY, FEBRUARYS. PRICE OF STOCKS THIS DAY AT ONE O'CI.OOK 3 per Cent. Red. 7I 701 3 per C. Conf. meney, ice. 7ci 71 New c per Cent. to3ii--Old s per Ctn.. rcc:l. Ontniurn dn. PRICE Oc STOCKS YESTERDAY: Bank Stock :nal Stock a : a.l for the ?cc. 3 TKr C. Kett 71 t Inv. 3 per Cant. Gy H. 3 per C. C. nf. ,cll Imp. Ann. 4 per. Cent. Conf. 8(11- 871 Excheei. Bills. par. ts. d;C f per C.AIIII. 1G.:.4 01111 HUM 4; dif. 5 per C. 17)7, 103 ti Lottery 'rickets 171. t 73. Lung Ann. to 7-10,- Conf. fur ace. 7oi 711 Duni IN, FCB‘I. I / 1 11Y 2.—STOGN EXCHANGE. 3i por C. Gov. Leh. 84-5 per Cent Guy. M0).99 t.:ourfe of Etch:ate—Whim on London t ti t 2. A Mail arrived this morning from Holland, which, however, brings nothin, new. The CHANCELLOR of the Excii E ER obt;iined !cave yefterday to bring in a Bdl for continuing the rellrailit upon the Bank. An angmentationove has been made to die Sala ie, of hi, Mai Es TY'S Etwerriei, a mea. fore which it is to hoped will extend to all the. Of. fivers Of his Mai F STYP., Stables, in the Department of the Mailer of the Mule. Mr. li. A onir. cram arrived at his houfe at Whitehall on Saturday lall. He inhabits the hoof.: lately occupied by Lord GLENBEIVII, as Joint Paymafler of the Forces. Lady CASTL ER F AGM left town yeflcrday for the Hon. Mr. By tic's feat, for a few days. The anniverfary of the birth-day of Bueiss, the celebrated Scottilh Poet, was celebrated with great refped in die room where he was born at Alloway, in Ay:l/lire, a few days ago, when an Ode, corn poled for the occafloa, was recited. It feems by a reference to the Parith Regifter, that the Bard was horn on the 25th of Januar); 5759, and not on the 29th, as hitherto imagined. The paragraph which was copied frm a Ja- maica Paper, flitting thedeath of Dr. BLAIR, proves to be unfounded, as letters have I cen received from that Gentleman dated the 13th of December. The new palace at Kew is rot expeded to be finiflied for five years, when the expences, it is efli. mated, will amount to nearly half a million of money : the mere (hell, part of which only is completed, colts 1 50,c001. The joills fur the flooring are formed of call iron, the ceilings are to he compored of the new flacco, and the better ro obviate any accident from fire, iron is fubflituted for wood, on every poflible occafion. The wing, comprifing part of the offices, is built, and the whole is to be furroutided by a wall thirty feet high. The French official flyle has &en changed within the laa few days : the Arts of Government tiled to commence thus—" The Coati's of the Rc• public decree, &c." It is now," The Government of the Republic decree, &c." A man named Arnold, at Hengrave, near Bury, was on Wednefday, fined tool. for having bought ten pheafants from a poacher. A few days fence a young Gentleman of the Univerlity of Oxford:going out a (hooting, at the end of the Parks lie put-a little powder into his gun by way of airing the barrel, after he hid fo done he flung his powder-flatk behind him, with half a pound of powder in it, as he fuppofed ; firing againa the wind the whole of the flails flew to him, caught the powder &ilk, and blew it to pieces, knocked the Gentleman down, and a dog that was by his fide was inflantly killed by the brafs lop of the flafk ; the Gentleman was not injured, except that his hair and eye brows were 'a little injure/. On Friday morning, the 4th of February, a fire was perceived among the offices of Brockenhura- Houle, in New Forea. The difctikiery was very providentially made at the time when the villagers were diaributing themfelves throughout the pariffi, to engage in their ufual bufinefs. Affiltance was' therefore foon obtained, and, in three hours, the extraordinary and very laudable exertions of the people wert happily crowned with fuccefs. Friday evening about five o'clock, a fire broke out in the Theatre at Daventry, which, together with the fcenery, &c. &c. was in a very (hurt time entirely confumed, together with a barn adjoining, belonging to Mr. WHADDAM, in which was a titian tity of unthreflied corn, The fire was occafioned by a Rove in the dreffing-room. COVINT CARDIN TNIATIte.—Mr. CABLES, who lately performed, with increafing fixed's, in the eharaner of Othello three nights at this Theatre, appeared yeaerday evening, for the fira time, as gaffe, in the Tragedy of - Venice Preferwil. His features not being difgnifed in this part, we were enabled to notice their powers of expreflion, which are confiderable, indeed lie fometimes rather dif torts them in attempting to give fixing delinea tions of paalon. The create! fault in Mr.Caly ss's anion is that of flying about from one part of the (tar to another, quite ay...ay from his immediate companion of the fcene, and addreffing himfelf too much to the audience : in his voice alfo there is little modulation, and his emphafis is often too arongly placed upon words not capable of fuflaining it, otherwife he is a prornifing anor, hut we think at prefent only of the fecund rate.—Mr. COOKE% Pierre partakes too much of the artful villainy of his logo to be elleemed a true portrait of the bold confpirator of Venice. Though he was in tome paffiges very great, as he is occafinnally in all things, his performance, upon the whole, was very unequal : much allowance mull, however, be made on account of his conaitutional hoarfenef., which was 'aft night very arong upon him—We never before remember to have leen his perfon let off to more advantage by drefs.—Mrs. H. Sibooix's Belvidera wanted the warmth of colouring which the charaner requires, otherwife it was an intereil ing pertermanee.—Thehoufe was very well attend ed, and much applaufe was given to the perfor mantic throughout. RICH TREASON. VECIAI. COMMISSION, NEW SESSIONS-HOUSE, BOROUGH. MONDAY, FEB. 7. 1803. About nine o'clock Edward Marcus Delpard was brought into Court, and in about 20 minutes aiter the judges arrived, when the Court immediately proceeded to call over the names of the perfons t..mmoned to be of the Jury. Colonel Defpuri rok, and begged that the Crairt would grata him permitrism to fay a few word-, in order to do away from the minds of thole woo well: to be his Jurors, any unfavoura ble impreffions which might have been made upon them by thole villainous publications that had, at various times fince his aired, appeared againd his charaaer. The Logo CHIEF Jusrica interpofed, and told Col. Delpard, that as the Jury was not then form ed, he could not make thole obfervations he was about to addrefs to the Court. He timid at a proper time,litve a full and faflicient opportunity of gating to the Court any flies which he might conceive to be material to his defence : at prelent he cool , ' not do fo. Col. *Jefp:ird—l am lorry for it, my Lnrd. The find perfen called over George nib her, Lk who immediately addrelfed the Lord Chief Jultice, and Rated, that he was one of the Aldet men of tke City of London ; that many im. portant ditties were attached to that office, which mutt he negleeted if he was bound to ferve on the jury ; and that the confequence would ultimately be, that perlims could not be found to fill thole oflices, fo necelfary to the conftitution and privi leges of the city ; and the Lord Mayor might not. at times, be aSle to form a Court of Aldermen, if perfons in his flotation were liable to ferve on ju ries. The only reafrin why he had been fumtnored was, that of his having a place a (hort dittance from London, to which he fometimes retired on a fummer's evening. The LORD CHIEF JUSTICS' obferved, that the itateinent made by the worthy Alderman, WAR not fuck as he could, confidently with his duty, ad mit as a fufficient excufe. Mr. Alderman Hibbert then added, that the Lord Mayor required his attendaixe on the fol lowing dar at a Court of Aldermen, and that great inconvenience might relish to the City from his abfince. The LORD CHILI' JUSTICII...." That is a matter of minor importance, compared to the public by finefs that mull be attended to in this Court. We carrot run the rifk of not having a Jury ; but, in confequence of the Statement you have made, the Court is ready to permit you to (land by ; and in cafe there &could not be enough to form a Jury. you mull be ready in Court to anfwer, if it ihuuld be neceifary to call upon you." Several perfons, whofe names were afterwards called over, did not anfwer to the fame, and were ordered to be tined, Tome ad. and others fol. A great many were clotted from age, infismity, or indifpofition. Twenty-five Gentlemen were challenged for the Prifoner, and nine for the Crown. Robert Dent, Efq. of Batterfea, after having been fwnrn the third upon the Jury, and after wards hearing that perfons of the age of feventy were exempted from (crying upon the fame, ad dreffed the Court, and (aid, be was above that age, and begged that he might be permitted to retire. The Loan CM oar justice fail, he should have made that exude before ht was (worn; but is he was (worn, it was not in the power of the Coirt to let him leave the box. The Connie), however, on both fides, agreed that they had no objeaion that Mr. Dent should be excufed, and on that account the Court complied with his requeft. The following Gentlemen were at leagth chofen as the jury : GRANT ARLIN. Efq. WILLIAM DINT, of Eatterfelk. Efq• WILLIAM DAVISON. Of Clipbani, Efq. Gomm C , Of asigalw, Efq. Mr. Wm. COOI.OII of Gainsford-ftreet, Soetinvark. Mr. 1 ono PARMIR, Of Southwark, Mr. ono COLLINIOW , of Gravel-boe, OMR Church. Mr. awes W , of Surrey Road, Chrift Church r. Mt I HANDISIOS, of Grew Wait. Mr* curds. Mr. 1011:4 HAVNISR. of BankSde. Mr. l.erza Doman, of Clapham. Mr JOHN FIELD. of Georee•fireet, Lambeth MEAL The witneffes were then all ordered out of Court. The principal parts of the ittdiftment were read by Mr. KNAPE, and the pleadings were opened by Mr. Asnorr, the junior Counfel on the part of the profecution. The ArroaalT Gra aim. addrefed the Jury is a tong and excellent fpeeeh. after which he pro- ceeded to call evidence to fubßantiate the feveral charges laid in the indiament. The number of witnetfes called was 17. Mr. Serjeant Barr now addreffed the Court in behalf of his Client. the prifoner ; and after a very able (petal, called the following witnefes merely as to chameter, viz. Lord Natsou, General Sir ALURID CLARICk, Sir Ever N , and Gamma Lomo, Efq. all of whom (poke highly of the con. dnEt of Colonel Defpard. while he bore a Com. mitlion in his Majefty's fervice. Mr. Goan's , then addreired the. Court and the Jury, alto, in behaif of the prifoner, and was ably replied to by the SOLICITOR GIINERAL The arguments of Counfel on both fides being concluded, The LORD Passtorwr proceeded to fun up the evidence, which he did with the unnoft perfpicuity and fairness, in a fpeech of nearly two hours. TUESDAY. FEBRUARY 8. The Jury retired at two o'clock this morning— and, after remaii.ining in the Traverfe Room tor thirty five minutes, returned a verdia ofG u I try— but " they begged leave earneftly to recommend the Prifirner to mercy, in confederation of the high teilimonials to his former good condua, and Mr mer good charafter." Lord E LLLLL ottocc a thanked the Jury for their patient attention through fu long a Sitting ; and. on accout of the latenefs of the hour, adjourned :he Court .0 Wedneday morning. [ln caofortuity to the otter of the Coen, wedeclise at pre feet catering into any partieulare ; Me ahi report of the whole of the Proreedioga will be glum Is this ropes whim dm Tfi3ll are termiratcd.] A