The National Register. — London, England, 1811-07-14 00:00:00

Rr .~ • .+s Y • Ali_ . ~,,.,, • ' I (theChanceilor of the Exchequer) v.. _ at rest by the discussions on, the - Bullion Committee, not broach that doctrine." Then they were told, w. called depreciation, was a thing past all remedy---" you must not Ouch that question, that has been set at rest . ' If they said the repeal ot the Orders in Council would be for the good of trade— " that is set at rest also, you must not touch that, and so upon every subject there was some reason why it should not be looked into ; now this thing called legal tender, he insisted. would be the destruction of the country, it they were to insist upon this com pulsory payment, it was his firm conviction that it would be im possible for the country to stand many years. This Bill, how ever, did not g o the length of making bank notes legal tender, but the Right Hon. Gentleman, with great candour, told them what the Bill was, that it was to lead to the measure of legal sender, and he did not think the Bank was justifiied in pur chasing Exchequer Bills to so great an amount. Mr. MANNINO (Chairman of the Directors) said, that from bis observations e,i them for the last twenty years, he might fairly state the opinion of the Court of Directors ; and he knew that their only wi,ll was, that their notes should stand on the same footing on which they bad stood for so many years. From the statement laid before Parliament in the course of the present Session, it appeared that thi: number of notes in circulation amounted to no more than 23 millions, and-from a return made to himself no later than Saturday last, they dist r ot exceed that sum, and there had not been a difkrence us the issues of more eon three millions since August last. With respect to the mea sure of legal tender, he should hope that would be the last thing esort d to. Sir F. Buaprrr saw no good could arise from the Bill as it did not go to redress the evil, and he should oppose it in every stage. He baw no remedy hut a total change of the system altogether. The subject was now in that situation Which must lead to some new system of things, and he hud no doubt that if they adopted that measure, wisdom and foresight may film behind. Mr. WHITBREAD and the CHANCELLOR of the EXCHEQUER explained, after which the question being loudly called tor, the House divided, when there appeared—For the first reading of the Bill, .64; agai.:st it, 19.—Mirrity for the Bill, 45. Upon the question for the second reading of the Lill, Mr. TIERNEY moved, as an Amendment, that the House be called over on next Monday senno t ht ; when, After some observations from Mr. Abercrombie, Mr. Fuller, the Chancellor of the Exchequer, and Mr. Whitbread, the House "gain divided—For Air. Tierney's motion, O; against it, ft-- Majority against the call, 42. .1 hr Bill was then ordered to be read a second time on Mon day next. The House then adjourned until Monday. • • _ _ cases; appear o. more was due _._ , the sum so tendered, _ party who tendered such sum shall be entided to the costs orall subsequent proceedings : Provided always, that the person to whom such rent or sum ,of money is due, shall have and he en titled to all such other remedies for the recovery thereof, min sive of distress, as such person had or was entitled to at the time of making such distress, if Such person shall not think proper to accept such tender so made as aforesaid : Provided alio, that nothing herein contained shall affect the right of any tenant, 'or other such person as aforesaid, having such right to replevy tfie goods taken in distress, In case, without making such tender as aforesaid, he shall so th ink fit. Provided always, and be it further enacted, that this Act shall be in force to and until the 2.5 th of March, 1812, and ho longer. `THE NATIONAL REGISTER .' • • er) was, «b, that question is set or to the officer or person making 4uch"dietiess On his behalf ; le - BUM= Committee, 'you must and in cane such tender shall . be acct-pteLi, or in ape such-tenAer 'ben they were told, what was shall be made and refused, the good* taken in such distress shall past all remedy—A' you must not be forthwith returned to the party distrained up o n , u ni e s i the ten set at rest." If they said the Party distntining and refusing to aerept such tender, -shall insist would be for the good of trade-- that a greater sum Is due than the SUm so tendered, and iu stfch La not touch that, and so upon case the parties shalt proceed as usual in such cases; but if it shall !mon why it should not be looked appear that no more was due than the sum so tendered, then the A BILL, VII AMENDED BY TNE COMMITITE.] Intimled, An Act for making more effectual provision for pre . •enting the current Gold Coin of the realm from beingipaid or accepted for a greater value than the current value of such Coin ; for preventing. any Note . or Notes of the Governor and Company of the Bank of England from being received for any smaller Sum than the Sum therein specified; and for staying kroceedings upon any Distress by Tender of such Notes. Whereas it is expedient to enact as is hereinafter provided : Be it enacted by the King's. most Excellent Majesty, •hy and With the advice and consent of the Lords Spiritual and Tempo- LIT, and Commons, in this present Parliament assembled, and by the authority of the same, that, from and afer the passing of this Act, no person shall receive or pay for any Gold Coin lawfully current within the realm, any more in value, benefit, profit, or advantage, than the true lawful value of such coin, whether such value, benefit, profit, or advantage be paid, made, or taken in lawful money, or in any note or notes, bill or bills of tbe Gover nor and Company of ;A-• Bank of Eng land, or in any silver token or tokens issued by the said Governor and Company, 'or by any or all of the said m ea; s w h o ll y or part l y, or by any device, shift, or contrivance whatsoever. . • And he it further enacted, by the authority aforesaid, that no !perm shill by any device, shift, or contrivance whatsoever, re ceive or pay any note or notes ' bill or bats of the bank of th e Governor and Company o f the Bank of England, i sof less valve in money, except lawful discount, tlan thesum expressed there" ja, to bs thereby made so payable, . • And be it ena.:ted by the authority aforesaid, that in case any person shall proceed by distress to recover from any tenant or other person liable to each distress, any vent or sum of money due from such tenant or other person, it shall be lawful for such tenant or oth-r person,, in every .such ease, to tender notes of the ppiternpratut Company of the Bank of Englaud, expressed to be alyable,on deFnand, to. tho amount and in dischasee of sacs rent InsiOnalop 1914 e tee hobbit mit slop it 0041, ..1., w • .. 11; •i; tat , *v tl.l 11 . . •.. .. • U.B, THE NATIONAL REGISTER. llonDon. SUNDAY, JULY 14, 18 1 1. RETREAT OF LORD WELLINGTON AND FALL cor • TARRAGONA. French Papers to the 10th inst. arrived yesterday, They contain official .dispatches from Souvr SUCHET- The former give an account of the-ad. vance of NiAltiliONT and Count D'Elmos - to kiln SOULT, the subsequent retreat of Lord WEL4.IIgo. TON across the Guadiana to Elves, and the relief .of Badajoz. This intelligence was expected ever since it was known that MA 11MONT had marched towards Estramadura for it would have keen madness in our Commander in Chief to have fought against more than double his numbei's, with a wide river behind him and a fortress still occupied by a large hostile garrison on his right flank"; for in case he should riot haveproved successful;hr would havebeen compelled to cross the Guadiana in all the hurry of a precipitrte retreat, pursued by an encouraged ecF.lny, 'iixposed to attacks from the garrison of Badajoi, and un. able to 'establish a sufficient number of tnidges, to render the passage of the 'river less di(f;cpit'aPid dangerous. Should, on the 'contrary, his Lcirdship be followed by The:French, he will fight, if he thinks proper to ha;ara a battle, supported by the fire of Elvas, w.lillst his an'tagonists, in case of a defeat will be egiOsed:to aI the diflicultie.rattif e- rile which, by his retreat.' he ' It. *ls thus that skill' counteracts mimbers, andieVen whilst seemingly:yielding to the i-usliir , g tide o f ati)e ripr force, contrivei'Most erect;talli to Fheck.iti . cour'Se. SUCHET'S dispatches 'convey the mOurnfill intelli gence that . Tarragona, alter being itornied five dines repeatedly, was at last compelled to surren der' In thelast assault 5000 Spaniards are stated to have perialed this' single fact may give en idea Of the resistance -which the victors experienced - ,,gild Qf fl) . e• iiitasentolossyikic4 they comiikivs4steing• / 6 •