The National Register. — London, England, 1818-05-03 00:00:00

.11i O. Church, private munificence as well as public bounty ; and it was, therefore, right to bold out the inducement ut patron. age. He had no objection, however, to a restriction of the power of presentation to two turns. But lie thoaglit it 2.1 e, lotit! to the Bill, that it the Committee, which was now thin, f t 3.11t1 reject it, lie should submit it to the mature considera tion of the House. A thud debate ensued when on a division of the Honse the Glance was rejected by a majority of After several other Alotions of tumor importance, the knouse adjourned. Fazr Y. B kNK RESTRICTION.-CURRENCY OF THE COUNTRY. Tiefuery rose to call the attention of the House to the state of the Currency of the Country. He had at pit sent to state them in round numbers, a fended debt of eighteen h u m. dred millions, and this, it should be considered, seas the debt in the third year of peace ; and if the floating or unfunded debt were added, the whole of the debt might he taken at OW millions, which certainly was a most appalling eirctint- mime, corsiderine that ere were for three years at peace with the world. Then, amidst conflicting views the great question was, vrhether our reedit should be bottomed. uu a paper cue Tinley itn:nediately convertable into cash, or on one which a as only the representative ef. itself. That our credit should rest upon the former, he believed there was no man, however ignorant of the matter, would he prepared to deny. But then hew did it happen that in the third year of peace a restriction or cask payrnuits should be found necessary? This was one stihjec t which should lead to the discussion, and which required a most• minute inquiry. The continuance of the bank re. striction was the result of a complication of dealings between the Right Hon. Gentleman and the Directors, which could not be expressed by any one word in the English language. When Mr. Pitt brought iu his Bill, he stated the reasons, and p -werful ones, fur the restriction; why was not the example imitated upon the present oceaeiou? Were the Bank Direct ors consulted upon the present occasion? Did they declare, as they had done on the furineroccasion, that they were ready to pay ? lithe): did, he coital see no reesun why they should not support his motion. If they said that they were not ready at present, lie would ask, with what face could they nun tome to get another year to do that which two years ago they declared themselves ready and willing to perform? Had they, lie would ask, represented the danger which they thought likely to ai fee to them from foreign lualis ? The Chancellor of the Exchequer liiineelf could not have been ig nurant of them, for his limn "'need (Mr. Baring), who was a principal cuntractor in oue of them, would nut have entered into such a speculation w ithout comoiltiug with his Majesty's Plinieters, or if he underatuoil from them, that such loans would be likely to be prejudicial to the country. With re. spect to the high price of gold, he would ask, W:l4 the House -ready to set aside every thing which had been said upon the subject by the Bullion Committee, and say that the issue of paper had nothing to du with the price of gold ? The Bank had in their poseexion a greet quantity of gold bulliou, and it was on that they bottomed their ability to re. tame cosh payments. Now, it was dear, that if, frotu any coramedity in the market, a large portion was subtracted, and a cleniusid was made for the remainder. the price of the rellialllulg portion must be inereaeed. These were consider atious which should be enquired into before the Houee refused the Cominittee. It was also plain the lending money to the Feeneh Government was j.tst the sane as investing it in the French Ifunile. But it did not appear that French LAOS for (hi, year were at an end. lle would explain this to the I louse. The matte of rais ing loans in England and France were quite different. If, for in stance, a loan of One million were to be raised here, it would be first contracted for, and Parliament would be afterward; called upon to provide the menus of paying the 50,0001. interest of it. But in France. if the sum were required. a perpetual annuity of a certain portion of reates would be placed at the disposal of the Minister of Finance, and he would be lett to provide the million in the best inn:f uer. There was another point en which he differed widely from the view which the Chancellor of the Exchequer ie.tt-el to take of the etteet of the loan. lie had assumed, that all the mosey which the French Government were to receive was to he sent from E 3 in gold. This was a very erroneous opinion, and quite ineonsisteet with the Practice. But if gold were *cutout, what should prevent its moan ? The learned Gentleman here proceeded to state what to him ap eltered to be time cane.. nett wrongly reprobated what he conceived to be a breach of good faith to the public, and a fundamental priori ple. It would be much better to say at °ace that the Brink world not pay at all in cash, than, by continuing the HCHTL:E.O3 trot year to year, to afford so m room for speculation during the six months that the public were ignmant whether the Act would be renewed or not. Much alarm bud been excited upon the sebjeet of Bank pay• lag in cash, but no violent concussion would arise provided the Bank would gradually and cautiously-apply itself to the restintption of cash payments. Should the House think tit to support the plan ut the !-Lnister, there would be no security for property. Twenty years ago, the present state of things could nut have been believed. — if tke Committee did nothing niece it would rescue the character of the coantry. Th. Right Hon, Gene conclatled by melee, that a Select, Committee be appointed to (Ake into zonsideration what re striction, if any. should be imposed upon the it-Antiphon of eneh pey - mews. and the state of the paper raid the metallic currency, and so report the same to the House. The CHANCELLOR Of the Excitrou En had listened with much attention to the long and able speech of the Right llonoureble Gent however MUCH he Mitered from him in his conclusion. Much com ment had been Glade upon the recommendation to contintw the smpemion of cash payments. What he hart formerly stated as a moixibility on the subject of foreign loans, he could then state as e tact. lie could see no ground for the appointment of a Committee, as its bibours would in old probability be uneatisfactory, aid would hove the question in the smile uncertainty as before. The Itiolie Honourable Gentleinas. (Mr. Tierney) had stated, that a large In erease of Bank-notes in the course ut part of the last yeav, hut he hint not attended to the great alteration that hail taken place in the internal state of the eountry,whieli had been greatly improvell within that period. The foreign trade had increased six and the iaterrint trade nitwit more. The Government paper had ant increased. It had been stated the price of gold had been :itfected by the issue of hank-noted. but that statement was erroneous. Thc mummy of paper mime from the market, by the Dank, was stated by the Bight ilonotwabie Gentleman. to have effected the price of gold. But what was the fact ? In die month of January.lfite.olie reimber of Bank notes in circulation had been twenty three millions ail one mousand, and the price of gold was then M. per ounce- In lets the number hied increased to eti millions, while at the foI7IIC time in di rect opposition to the argument of the Rig ht lionotimale Gentleman gold had fallen il. -is. the menee. To whet benyhead purpose could equity. tend at present ? The natore d . ttte was i as k nown. a Committee could communicate no usettil sawn:taw" upon t. and Mier labour; would besides be quite unneeeeewy. As to the mecum s:once that ez a further consileraion neressitir , , it was not in the. power . oh any foresce them. Great lame we'; imptitiNt to bun (the Chancellor of the Exehequer) for the rise . which had taken piece in the Fonds. It was said to - have been done for the ramose of lowering the interest of suety, and that greatcapitnlists alone were the petenns who pmtitted be - it, and linseed levee fortunes. lint did small dealer! &roam ads aetage flan the rise —Had they not too their oroporuoua.e :Aare TtlF. NA.TIONALREGtSTER. of profits ? The consequence of this rise in the funds was a general improvement throughout the ceuntry, an increase of confidence, and a rapid advance in every branch of trade. After three piers peace, and after a war of anti ur.precedent d duration, they might still witn truth aiy, that there was no country whose Finance, had so greatly improved. No other country had yet made even any ap proach towards the payments of her debts—while they had db.:- nharged to the amount cif 50,000,0001. deducting 18,000,000 L of unfunded debt raised within the period alluded to. In no other eanntry were the taxes diminished in cotucquene.e of the peace, America alone excepted. The ground upon which a continuation of the Bank Restriction was proposed resnlved itself simply into this, that foreign loans had been. or were negociating which must natu rally and inevitably lead to such effects as to render the resumption of cash payment hie:llly impolitic and dangerous —tinder such cireitni. stances, no man in his senses could propose a measure of the kind. The flank had already made the experiment of a partial and gradual re.nniption. rtecie to a considerable amount had been issued, and the consequence was, that :2,000,0001. had been soon withdrawn from circulation to supply the demand occasioned by foreign loans. In inconvenience he would admit the flank Restriction to be, and one which he was as anxious as any other person to rernose. It cotild not be permanently adhered to without injury to the c.tuntry, but the House should not risk a formidable danger on one side, to avoid an inconvenience on the other, whit:it was only proposed to continue fur a year, and was after all, in a great measure, but visionary and ideal. The ll:nits of our Paper will not allow usto give even a fair outline of the mar.y able speechts made on both sid‘.'s of this intricate and• important subject. Mr. Tt Xs: hy's spee , ..% alone occupied twi hours. The House liming divided on the Motion it was negatived by a Majority of tis. The Rank Restriction Rill was then read a sezond time and was ordered to be committed or Monday next. The other Orders of the hay were then dispostal of, and the !louse Adjourned at three o'clock. AGUICULIURAL REPORT. From the contineance of wet and unfavourable weather during the greater part of lain month, sowing the Lent clrn was necessarily de layed ; and even bean setting was scarcely finished upon the most for ward lands. Within the present month the greatest cxertio.is have been Made, the state the lands having been mush improved by the late drying winds. In some of the northern and backward districts, bean sowing is scarcely yet finished, and the spring seed season will be generally late; upon forward lamb it will not be so late as had been expect e d, and all the operations of the husbandry seem to be carried on in a spirited and effective manner. The wheat. have b:en greatly injured by too much wet, high winds, and the changeable. 11e4 of the weather; but no a here to that dcgrceto preclude improve ment, should a mild and genial season succeed. Rye grass. and clever, are a good plant, and coming forward awn Clover and grass seeds plentiful and declining in price ; importations of clover wed having made up for the shortness of our own crop, and badness of the sample. Hops rather advancing in price. Illy and straw fodder in great plenty, yet the cattle abroad in mint parts have not done well, and will go to spring keep in rather a low condition. Tur nips, often in grett requeit e t this staison. have so abounded, as to occasion the ;mashy of giving them away in order to clear the lands. In some parts, they have been drawn and spread upon grass land for future tuie. The country has been well supplied with live stank, for which good p ries have been obtained byt e traders and dealers.— Wool still advancing on speculation of the short crop, kiln the great mortality which lets taken place amongst the sheep and lambs, in consequence of the rot. Cows and calves darer. Horses of all de scriptions at a high price, and twiddling cart horses more in request than fur years past. Prices generally satisfactory to the rttriwr, and a fair prospect of improvement and plenty. The desire for a coin =wont of the salt duties, universal. THE NEW PLAN ON FlNANce.—The following fre.l. notification upon this subject was communicated with the usual formality to the Gentlemen of the Stock Ex change : " TreasuryChEmbers, April 2g, ICH. " Lord Liverpool and the Chancellor of the Exchequor have, upon the application of several of the Sust•rihers for con . :erting Z per Cent. Annuities into Annuities at the rate df 31 per Cent., consented to place persons who have subscrihee 20301. and less than 50,0001. 3 per Cent. Annuities, upon thr same footing as persist.* who have subscribed above the 'Atte. sum, in regard to the period for making the transfer of b3l per Cent. upon the sons subscribed. They have also consented to postpone the payment of the Instalment upon the Exchequer whish may be subscribed to be funded at the following periods, ViL. :- 15 per Cent. on or before the Ist of August, igie, 13 per Cent, on or before the 3J of September. 23 per Cent. oa or before the 10th of October.. , 10 rev Cent. on or before the 2i di of November. 10 per Cent. on or before the 11th of December. 10 per Cent. on or before Site 13th of January, 1019. And the remainder on or before the 19th of Ihb. 1819. " In case Money should be paid in lien of Exelsequer Bills, in discharge ofany of tlsose Instalments, one per cent. on such Money Payment, and Interest at the rate of dd per cent. per diem, from the Ist day of A tognst to the day of payment, must be paid accnrding to the terms of the twiner notice." THE KALVIDO3COPE.—.% new optical instroment, called a Kaietiloseope, said to be the discovery and invention of Dr. Brewster of Edinburgh, is at present all the rage in the me tropolis. With the aid chiefly of two longitudinal darkened pieces of glass, placed at x , certain angle inside a circular tube, and some common bits of coloured glass at the end-- optical tilltisions are produced by reflection, °film most beau tiful colours, shape, and-symmetry, and in form ever vary. iog. Such is the amusement with this simple instrument, that the Doctor's Patent is tinkled ; stml tinniest anal glass-cut. ter; ate in one universal requisition. The invention is likely to be ofgreat utility to calico and fitmr-cloth printers, by pre nting thein figures far patterns in vas iety of !ennead beauty unparalleled. On Sunday, the 1911. ult. off Cardill Point, about 14 miles front emnbletown, a large whale was discovered about I chanuel. Mr. Campbell, of Cardill, immediately got four boats .nanned and armed with every offensive weapon they could muster, himself accompanying the expeditis.n. As they approached, the peacefiil Arctic wanderer la) Ali inhering on the oecan,and appeared to be in a weakened conditiois, which created a belief that it would prove an easy eatstunist ; but on coming to close quarters, and probing it with their nett_ pops, it evinced a powerful activity, instantly plunged, and made considerable play, !daring the assailants in i sssss sinent danger. Notwithstanding the hazard, they continued Use pursuit, and finally succeeded in towing it into Port lice, at Cardill. It measures 04 feet in length. and .511 in eircuinfer.. reoce. •' Peels rirurs AM," is a saying which some follow sern pulousl) to the letter, but we once had a Prince who thought inure sagely on these matters. The Earl of Warn la asked Henry VI. why it pleased Majcsiy to go so attired 1 The F. nig answered— It beam** Gob to excel his subjects in Virtue, not in Vc:iture." 129 From the LONDON GAZETTE, Tuesday, April 28. BANKRUPTCY SUPERSEDED. WILSON R. Miutctiestur, innkeeper. BANKRUPTS. WARD J. Clsines, Worcester, butcher. May 22. 23, June 9, at Worcester. Att. Mr. Bale. Devonshire-sm.-et. Queen%-squan. Pn•rsTori 'l'. Fen. Macclesfield, Cheshire, victualler, May 7, 13, June 9, at MaculeitiAd. Atts. Clarke cid Chwr.cery-lane. BARRE: IL B. Bratheell, DeTby, lead merchant. 'lay 13. i*, June 9. at Sheffield. At Mr. Wilson. Greville-street. Hatton-mm:l.m. Wit.r.ts.ms J. Shrewsbury, innkeeper. May tl, 12. June 9, at Shrewsbury. Mts. Yresland and Co. Brunswick-square. Portia'. W. Bruckbury, Hereford, farmer, May 13, Is, Junt 9, at Hereford. At - . Mr. Pea trirs, Gray's fun. STAN :WIELD A. lfolebottom, York, fustian-manufacturer, Mgy 9, lb, June 19, at Guildhall. Att. Mr. Bennett, Tokenhouss.- yard. BLuttrots J. Old Bond-street, roads—maker, May 2, IS, June 9, at Guildhall. Att. Mr. Martin, Fitzroy .strait, Fitzroy-square. ------ DIVIDENDS . . J. Richardson, IClrkby-Kentlal, Westmorland, house carpenter, May :t M. Sewell. Lincoln, wine-merchant, May 21. W. Wilson, Conklin, Lancaster, tanner. May 22. it. N. Roby, Beetles. Suffolk, liven weaver, May 2% B. Leader, Bristol, earthenware dealer, May M. Calauin, Bridlington-quay, York, master mariner. Ma; 13. R. Hawkins, Bath, coachmaster, May 25. J. Tenfold, Coring, Sussex, farmer. May 22. J. Tweedale, Eeelro, Lancaster, cotton-apinner, May 20. A. Milligan, Wellington, Shropshire, draper, May 21. li. Munro, Upper Thameo-street, merchant, May 26. A. Brooksbank and A. Moody, Bermondsey. tanners, May 30.' T. Chamberlain, Lisson Grove, victualler, May : 4 0. and 3. Nesbitt, and E. Stewart, Allermanbury, me.tc:niats, May 16. J. )(web!, Cannon-street, merthant, May 10. ft. I.inder, crutehed•friars. broker, May 50. S. Durham, Harlow, ENNI.X. innkeeper, May 50. A. Bails, noniron'. innhelder, May .70. J. T.Vun Hem, Chamomile-street, merchant, May 30. G. Von Harten, Leadenlill-street, merchant, May 23. 11 W. U. Schnieder, Birchin-lane. merchant, May S. W. Deacon, Bermondsey, dialer, May 19. S. Halerow, Trafalgar-square, Stepney, mariner, May 19. E. Newman, Lainbeth-marsh. brewer, May 19. T. Holmes, J. Harris, and .1. D. English. Lung-acre, coach-make:... May :9: P. D. Abbatt, Powis-place. Great Ormond-street. May S. J Stone, Blackwatrr. tailor, May 19. G Stolworthy, non :ditch. victualler, May 191 W. May, Crispin -street, Spitalfields, Bombasin-weaver, May 50. S. Beaaley, Parliament -street, Westminster, army-accoutrement maker, May 16. J. Tripp and .1. Dyer, Brist)l. wine-merchants, May 22. T. Bullock, New Laith, Lancaster, cottoa-spinner, May 19. -bsoker, CERTIFICATEE-111.tY 19. .1. Made, ILiverpool, mouey-scrivener—R. Aimsworth and W. Davies, Dolhoit, Lancathire, whitsters—T. Reese and J. Leigh. Bucklersbury, warehousernen.—J. Handey, Hornsey-lane, dealer in Bryant, sen. Barnet, innholder—S. Joseph and %V. Hughes. Winchester-street, Broad -street. merchants—J. Waddilovt , London Terrace, Hackney-road, stonetnason—C. Ilildebrant, Cole- ULM street, picture-seller-G. Wheeldon, Bonsai. IL•rby. eolo.u niatiutacturer—E. Ken,her, Thorpe-within-the-S.Aen, Essex. greccr Naish, Haverfordwen. linendraper—H. Liverpool,. joiner. A few days since tho butler of the Hon. Colonel Batter purchased at Reading an ounce of salts, and SUMP oxalic acid for the purpose of cleaning boot tops, both of which he mixed in water, and the next morning swallowed what he thought to be the salts, and was immediately seised with the most ex cruciating termer. He hastened directly to a chemist's for relief; but scarcely had he reached the shop, when be ex pired. He had lived many years in the family, and was numb respected. Lately, while two officers were conveying to Aberdeen J. Grant, front Kincardineshire, acc►sed of sheep-stealing, and who was iudicted for trial at the present circuit, be made a sudden spring from between them, and threw himself over the parapet of the Bridge of Dee, where he fractured his skull, and died on the spot. An Inquest was lately held at Holland Fen, on the body of T. Hill, 12 years of age, who in a pugilistic encounter with another buy, •ell several times : the last time, he complained olapain in his navel (havingheen troubled with a hernia). Soon after he started on his road home ; but when he had got about half way, he laid down under a hedge, 1131 continued there the whole of a severe night ; and in the morning walked home, but died in two days. The July, who had tl►e advice of a medical in in, returned aVerdiet—bird from the effects of a Strangulated Rupture,.. brought on by too great exertion. _ _ On 'Wednesday a fire broke out in the back premises ad -1 • • g the house of Mr. Price, ',limber, Ncw-cut, Lambeth, neatly opposite the Coltourg.Tlreatre, which us the coupe of halt an I completely destroyed the house, and ..et are to the adjoining our, which is is, the pOSSCSSIO,I nt an orange 'merchant ; the latter house was datna . p..l but little. The file commenced in the work-shop, from a quantity of wood having beets put on the fire, which coins ttttt sicated to souse clothes which were on a line hanging to dry. Very little of the furniture was saved. No lives were lost: Several Huta sands were astrembled to witness the conflagration ; ,Wady were drawn to the spot believing the Cobotirg Theatre was cu are. Among such a numerous assemblage the thieves were very busy—oni: was detected carrying away sonic leail bel.mging to Mr. Price; another was secured by Goff aid Hall, officers, in picking a gentlemans pocket. Tire tide was ont, or the greatest part of the premises would have been saved ; but water was not to be got mull the flames bad ex. tended to the whole building. Mr. P. is not insured. A m a n, named Alford., formerly in the rapacity of earifener and game-keeper to the late C teas Dowager of Chatham, at Burton Pyirserit, was about years since convicted at the Somerset Assizes ut loseisig two see. ipts, amonntieg to some t b li t i n tg gr le t, s a s t rstiti‘titilrrsentenced to deans s his favour, he was re prieved, and the septet" ted to transportation for life, and he ts4l. almost immediately scot ( Alto n otjny ,4,, y. _. lts consequence of his skill as a workman, he became useful, and was f•oilpiOyeil as head garderier in the Goverssor's gar den, where lie appeared to have merited the good opinion of Isis eassployers, and eisetitined there until about 1. 6 2 months since, w atm he petitioned the Governor fur leave to revisit his dear native country. Tire Governor, in consequence of his Ira vim; conducted himself, us he expiessed it, " to bit entire satisfaction," granted his reyiest ; anti on Sunday the 151 Is inst. he arrived at Corry Rive!, near Langport, wise re his wife with part of his family lived, tit an extremely feeble • .tote, aged d 1 )(in; and there be expired on the ltursda, following.