The Statesman. — London, England, 1818-04-10 00:00:00

• • oo . ' • • N ; 7 4•• . • 4 • ,t • 4. • 1 • 1 . _ •I .1 el .1 i! • • . • • 0 • • • 1 Si i I i i , : f a ; t II I I ! 11 , 1 1 , 1 I . il i i , If r 1. 4'- 1 ' • I 1. : .. i 3 1 i . 1. , .. •1 • i 1 i i 4: 4 i ~... 7 • • ... • • • • • • • J 7 „ : - - C f . • • . • • - way very ill -cloven In L rn cash-, sett .-perreetis, when es were my pearli. in the same situation at the time of jmposing tit RoVrictions.° The ac of 'kit imperial Loan was only Ode millions , halfres farther loan -of 'three milieus was in temple tir , bruit - Ohs bloypiell by lbelis .11,eyo*ons of die tank. Last year, a loin of twelve aril ton? was negotiated in this country for f tone.; and, the. present. year, a loss of 6tre millions eat - to Q. veined for Prussia. lie theeettt that am . could woe bit castelade that, under thew chreatviatmoto taking alto into eassidemtlissibaktieVresclithwegs . .might endeavour to otigaciate a ;vary - tarp -Mien, keratoid be highly inotsystoiiewt cod lartirioustp .oblige the Bank to resume its presets In Oil: Ho' Wished 1r to be.distioctry eadeishooditbei it* dfd not .propose to condos* the rettitirtiosas is ei!iseqesawe "7 eiecenartaute la the totems'. itatt of try, Desk, *which, be believed, was folly pidissictle .maita Koval its.:paymeets • hie on scree* of Are* .ssottroal .citemositourys *1 514 Ontiotsid uCli pa riresiste estomeely ittopeopitiers and dangeertes at this asowneet. hoped lime ealither.ples, witch he is. .teaded to:propose, .wseeldiesid very meth to restos'. .00 einsieties /Oki*. He amid asseire the Home • bas Wee *solely doeiroirsibet thiSeek shield resume, perients is langb.)-6114 Wended. .11(5.#0_11104 pima!, Midch We eissekl, is a very. short litiOde ist'gife . a Security to bey paper cei • oasis, *high it bed fteler before possessed. Is the ,ttiVitvistur, fogriper i isiiissat to propose, that the Itestricdojelsould. to oestinised r to ot one year—that is, from dm ith of Jody meat, the stb of July, 1819. lbw* could be so &obi that the most per feet as& coosswieet *Wow for soy. country was that of aviteed sates*, tossistiag erf spode and paper. —May-plans loadat different those bee* is cooly's pillion respecting the best assess of eying security for a paper currency. It had beet prepaid, that there should be &peeks of landed properly ; but the greet objection was 'that the vales of such property at lios thee was vary incertalu, and it could sot be esavetted info sense tat the melee moment when such mosey alight. be wanted. The dificsities that . aright arise respecting* legal title to the property, the daisy effecting a sole, wad serious other cir . gerrestarreps, oust render say leadobeak very yea rises ane.onsestaist. Footled property stood ea a different foundation; and if at , the time sates it was • Last inteelleced, paper county had been establish. 01 ow k, see might now have possessed a banking gone es perfect as say thing of this nature could be Bade. At present our paper currency was not • ord . severity is different parts Of the country. feet s ed bed loss enjoyed the great advantages of ▪ paper earreacy, tied it uses sot necessary to make say alteration in the present system of banking in that eitostry. It was highly expedieut, however, to f 110446 Sem security for, the People of England and Irides & s r as Act sow in force, It was declared, Olt seise neat the value of 51. should not be valid at the *aplomb, et two years after the Bank Re. • 'eddies sbeeki be removed; consequently, no notes under that sum should be basted after the sth of . July, HMO. He certainly considered the Bank 'of • Diked as giving the taw security to the country as the Pau which hr vas sew going to propose, as it always possessed a vest mess it Government se. coati's, so as to afford a sufficient security to its creditors ; he did sot, therefore, mean to propose that his plan should affect that Bank. Ilia object was, that after the sth day of July, 1820, no private Banker In England and Ireland (for he did not, al he had before said, mean to include Scotland) should . issue notes under the value of bl. without a sufficient deposit of Government necerities, consisting either of stock Of of Exchequer Bills. He proposed, therefore, that it should be enacted, that every pri vate Banker should transfer into the noses of the Commissioners for the Redaction of the National Debt, an amount of &chequer Bills equal •in value to the amount of notes to be issued, or a qientity of stock double the amount of the Nominal value. After • deposit of stock and Exchequer Bills, if a private Banker issues notes, they shill be stumped in every way to denote that sufficient security has been depo sited, and that they are given on the faith of that security. This was the general outline of hirt plan, which, he thought, would be .sufficiently intelligible: the details of the regulations would, of course, re quire great consideration. Some objections had been stated to the measure he meant j o propose in private conversations, in themselves of a very contrary na ture. It was said that his 'plot tended to a great and unlimited paper circulation. It had been assorted, that the paper circulation would be so great, that the plan would lead to every.eitil that an esceis of paper could occasion. To that be would answer, that it appeared to him impossible that there would be a greeter temptation for an extensive issue, when se. carity was required, than when there was no security at all. The circulation of paper soder 51. was such, that the condition required ',gist to be complied with. Bet again, it was said that the inconvenience was so Vest; in addition to the other charges, that the comity Banker would act be disposed to serge epee the plan he had recommend ed. He might answer, that if the Banker bad been at liberty to hale with or without severity, there was no doubt which alternative he would have adopted. Ile would issue without that, as a more advantageous plan than when it was required ; but supposing that it was really required, aad that he felt it necessary for the public safety, then sorely it could not be object. ed to. Every Banker, soder his plan, would make his ordinary saving. He would be able still to draw as usual, and he would be enabled to make payments upon his own stock-40es, which would be taken as cash till his larger notes should come in. He had all that the law could allow bias ; be had all that Par. lament could grant consistent with public safety. The issue of notes under 51. it was proposed to re new, under restrictions somewhat estate withoat doubt, but such as would still leave prat enough * Bankers to give an incentive to (nap in that poet sr their business. Thews would be a portion of stock deposited as security in the bands of Commissioners, as it might be better to have a particular port appro priated, instead of the who* being available 0 ge neral assets. Strictly speaking, the Hankie omit! bare his moat advantages; for no man wouliMe a Banker, if he did- not possess realisedpropoety lea considerable 'stoat. The plan, in fact, bad a ten. dency to engete men of real property in bunking con cerns and to minds those who had not such pro- I mined.; bat anus-- - could steno fora mome n t admit of doubt thal such a dreplinion could not be readily discontinued. .All pqmeele within two pounds being made in money, weed render them It combeneme that they would become a ieriess istieemeaieace. The questioo was, whither gluing • up all . bless of resuming •cash. pekmeets immediately,. it. would net. be best to Mete the circulation as nearly equal) y cenve. aieet with the currency as they coati; and whether they should not enact such measures as woold were the creditor again A the rash and imprudent speculator; end even the Bank against a similar evili by main each arnagements as would limit the /114 tent of their traosactions. There was another thing *WA appeared to him very cinveoient and necessary. It•wqvery general, amongst country Bankers that their smeller Setell Wire 'out in two or three yeart.... In, two years, thee, their stampewese to be/91994d; that time-being allowed for the wearing out of the esistietcirculation ; and they would bats a notliwi' that, if they incurred any eapeace, they might take thesconsequence of their notes being prohibited before their wearing out. It teas thought necessary to continue the Restriction some time longer. One . 14ter's farther continuance would give the means of effectually Channel, with less shock and incouveni.l ewe,' then would otherwise have been felt. If ;City Geetlemab eaterteined the opinion, which way be bellowed did muerte* that • the continuance of, the Restriction for one year logger would produce excessive Isms of private paper, the measure lie pro posed relative to country Books week) be selleieut security against that ; betides, that that relief which the Public required to be still given in all small trans. actions would be continued.. The measure of the Re striction, and the other that he should propose, were in themselves very closely connected. Whatever temporary inconvenience the Restriction might occa sion, it would certainty preserve from any sudden and violent change, at the same time that the redoc. lion of paper might be gradually taking place. Care should be taken to fix on such a stamp as would pre. went imposture. It might be the wish of the Bankers to introduce stock-notes, bat he would have the choice Of what security be wished to give. The Right lion. Gentleman, after some other statements, which the tdistinctness of his voice in the gallery prevented us om bearing, concluded by moving, "'That leave be given to bring in a 13111 to continuo the Bank Restric floe fora time to be limited." After the Motion had been read from the Chir, Mr. TIERNEY rose, on the first Resolution being read by the Chairman, and said that the House could not certainly expect to enter into a discussion oil the Chancellor of the Exchequer's propositions, until they were embodied in the Bill which he in tended to bring in, when their whole details would jet plainly discernible.—[llear, hear!]--All, these. fore, he mint to my new was, to beg of the House "to look at the state In which the country was placed. {lio matter what should happen in the result to be the merit or demerit of the proposed Plan, still the existing state of the country was the matter to which the House must at once look. They were law called upon time of profound peace, with. out any. pretiooo- enquiry by a Committee—without any examination into facts, or of any of the parties whose interests were to be affected, to make a total change is the existing system of banking. Contrary to all the Right Honourable Gentleman's sanguine, solemn, and oft-repeated predictions, the Bank Re. striction Act was, it seemed, to be continued for another year, and also an entire change was to take place in, two years in the mode of circulating 11. and 21. cointry bank-notes: AU this was to be done on the mere ipte digit of the Right Honourable Gentleman, and on his mere unsupported opinion of the wisdom of the proposed regulations. It would be in vain to some at a proper scrutiny by a discussion of that Mose ; a question of such de. tail could only be done by a Committee, properly empowered to examine such witnesses as were most likely to communicate proper information on the sultject.—[ Hear, hear, hear!]—Of the mea sure relative to country Banks, all he would now say was this, that its effect would necessarily be to throw the amount of all the small Bank-notes in circulation into Exchequer Bills. Besides, it went at once to hold out to unmerited suspicions a large body of most respectable and solvent Gentlemen, for such, in sloe cases oat of tea, were the country Bankers ; their characters were thus to be tainted, and for the spear of two years before this measure was said to be re quired. He was not inclined to throw odium on any set of Ma without a previous enquiry to &edgewise/hi and more particularly a set of men whose businest s when well conducted, was productive of the greatest' advantage to the country.—[lleor, hear!) —If he understood the Right Hon. Gentleman's plan rightly, it was this :—That for every 1001. in 11. and 21 notes stamped for the country Banker, he must deposit doable the nominal value in stock, or the nominal va lue in Exchequer Bills; so that, at the present steel price, be must leave as a deposit about 1601. (accord. ing to the existing market price of Stocks) for the 1001. of small notes so stamped, or 1001. in Endo; quer Bills. How any Banker would go about small notes on this principle he was at a loss to OM hear!] —The great object of the Right Hon. Gentleman was evidently to increase the circa. laden of Exchequer Bills, and to do so es a part of the circulating medium of the country. The effect of the measure would no doubt be to compel the Banker to deposit nearby for his whole issue, for no man in his senses would hold a 51. note of a coeutry Banker which . rested solely on his personal responsibi lity, while by taking that note iota his Bank be could Wider for it the smaller ones, - far which security was already deposited with Government. —This was quite clear...pear, hear, hear !3 — All this looked like the peeled, of some notable scheme of beano., on which the Right Hon. Gen. Osman had been for some time sussing. World be now speak out ?—Would he say, was this the whole of his plau? Or was he not contemplating a grand A _ ied him necessity then could low mast for entering into, ts • prospective repletien on a subject not pressing for, two yeas to came. be Ute_Mpbjiset of Newlin the ewes, tumid , the Right .Repoerabler Gentleman stamp old notes, eels* tbe, feenter,47 eau. Celled,' neigh le, gad ceadidon ?,4 , 7 1 re • _ konceflor • raj the &chequer * 6 - 444 te a4dentsi.")—Wol, thee, mewed Mr. Timer, that is only a matter of, •erete taste, ihitegW on spelt hardly' see why this dietinctiod Auld be taken between. the spend oote and the new one.—(44 tengh.) . --At all events, the sellject required a Committee:4nd, if ao shier Wave moved for the appointment et ane, he would.biemelf do so wheel the.Repett *as brneglse op on ateeday. Indeed, the Right' Hoi. Gentlemew bad candidly set , sot With repressing the grief ho feltat being obliged to propose these measures; as to gee of them, the Restriction Act, be (Mr. T.) had only to say, he was not in the leaßt degree surprised it thit motion sow made ; far, /ben some time ago the Right lion. Gentleman expressed a doobt whether it would be necessary to continue the ikah Heatrictielk it was quite clear *bat wield he the result, for the moment the doubt got into die Right lion. Gentle. man's head, it went oat of the beads of every body else—(dtaugh)—and it became manifest that ciub payments would not be resented at the appointed The Restriction was sow to last bat one year more, •• and no low?' (the words of the old Act). Now, of this he did not believe oat single syllahlt— (Hear, hear!)—it was a palpable delusion, foe . La i long as the Right Hon. Gentleman went on with l hisl career of finaece, jest so long woold the Bank Rs-; 'friction continge.—(ilear, hear !)—The same Own and the same promises, would be held , forth *at( year; and, indeed, the Right Hon. Gent.. wield; come forward with a better face, for he might thee lay, " 0! 1 mist have the Restriction for one year , more, and uo longer, for how can yoe think of 4111 W, Iturbiog my banksnote systeds„ which is to begin O. next sear with the country Bankersi"—:(Leogh.F= it would be too bard, in 1819, to touch the system , prepared two years before-hand for 18`20; indeed, no *cent man could have the &cote do it.— (Hear! and lighter.) It was quite clear that the Restrktion most go on from year to year, unless the Home compelled the Chancellor of the &chequer to alter bis plan of dealing with the Dank.—(liewr!)—lle said, in deed that he was most anxious for the resumption of cash payments, and that the Gentlemen of the Bask were equally so; he (Mr. T.) folly believed they thought alike on the subject, and that neither were rash enough to dream of cash payments so long as they kept op the present system.--[!tear, hear 1j— Every body who sew what was passing knew that she Chancellor of the Eteheqeer could not go on io his financial progress without the Bank, nor the Bank in their increased issue* without him.—[liter, hear ti •--Before cash payments can recur, the wh ole linen- , 6%1 system now carded on must be totally altered, or some substitution devised for the paper circulation of the country. The Right lion. Gentleman knows full well that he trembles at the idea of the Bank resum ing cash payments—[A laugh]—for his system has done every thing to render cash payments quite im- 1 possible—it has increased the paper circulation to a 1 great extent. The Right lion. Gentleman was aware that he had augmented the amount of paper circela. tint, by the sum of two millions and a half. Were the House then to be considered such 6, dolts and idiots" (to borrow the phrase of a Right Hots. Gen tlemen opposite, Mr. Canning) es to swallow all this, and not at once see the operation of the ex. istiug system of finance ?—[llear, hear !]—lt was clear enough, that if the Bank, resumed cash pay. ments on the sth of July nest, the revulsion would be of en alarming nature ; but was not this very cir commence matter of grave end serious charge against the Batik, which for the last eon years, instead of honestly squaring their issues with their proper in. (station of resuming cash payments, had done quite tbaseverse, and gone on increasing their issues in stead of diminishing them ?—[Hear, hearfl—They had uniformly gone on, buying or advancing money on Escheqoer Bills for the use of Government. The Bank continued this system of accommodation to the Clmecellor of the Exchequer, who was thus enabled le some dean, to the House and make flourishing speeches about his having kept down the rate of in terest, while the Bank were petting into their pockets doerishing profits, by this game of playing into each ether's bands.—[llear, hear I)—The Right lion. l ,Gentlemao had very earnestly occupied himself this sight, in telling the !loose what had happened 28 ifs" use. lie. AKtentred eery: onsioes to refresh their memories on what was of little consequence to recollect; indeed, for his argument, he might as well hive retraced the course of events to the drys of ; King Winkel—Ulcer, hear !1 —and to slate the whole course of exchanges and prices of bullion from that time downwards. What bad happened before the present time was of little consequence, what was to happeo after was of much. The Aus. Irian loam, at a former period was alluded to; bute what bad bees the effect of that ? Two large remit: tenses had been made to Austria, but gold during that period stood at the Mint price.—[hear !]— The state of the country created the then apparent scarcity of gold—it, le point of -fact, hod not gone out of the country in these loans, but was hoarded at home by the People, who just then got alarmed .at a alight attempt of the French to land on the Welsh coast. The People then thought it a good 'thing to have a little gold hid in the corner of a Cellar, though lately it appeared to please the Chancellor of the Exchequer they had shown a laudable abhorrence of the precious metals, and could not be got to exchange paper for thern.- 7 The Right Hon. Gentleman had described in glowing terms the increased commerce of. the country ; but he bed entered into a grave detail of the number of Enilisbeten now travelling abroad -90,000 persons, it seemed, had gone abroad Mace the peace, and about 12,000 of them had remained on the Continent, who were averaged to draw from _ .~ "I, r.ll - t i w it s yii t edfate r : y nallwitw f etoio o edirito r lipsi.chiligut t retgetGe h ho. ei roan r eartHinedi es sieec:ego pe hatassi im n i: ce Latesoon s mitfrati a wfv b fiesse o raesi e epsissecei t rago t enh w rceedl e iss t:wti nt o:tessoppd i si l t l :r is tio ; te: ea tie abiePtanertesoutotaltheintilettlia'the'abeve:rp. to have iecorrede for the Pftrsatiww tso4,Sed stair the filark.—(4 laugh )—Tice tdrafiti tolitelforesed also a principal part of the rease m 1,11011 dictated the Right lion. pentlemeriTiiniiiiit coarse. The English 'contribution to these lot a , rateld of 'course be ascertained ; _bet how could th e sops raised in France be astOrtained? By an ait i m nation of, the rilfliel coocereett the British shire‘ these tranvia:titans could, be glut ot, aad tie iti ltl 6 could then see the eatent of Mir operation,-ukigi, fecting the mosey of. this sentry. It worfEliwo o 110 had 00 &seta, be seen, Ott thee loons would cast fa root% ,tpe ilrebt i est .evedamenefUrgeltyi boar's fin*, eentisteanceef the iteetrictieo Act.—( Hear !)-1 1 4 whole @soft tar in the , traasattions between do 'Beak pieecters mid the iclgilt flea. Gentleman, ob. • knew very well that the foram. were bin teaswea4a. " I," said Mr. Tierney; " told MO set** years up . • and I may use the words'of the feet —o. 1 reuestst sat Ono, aa# pow 1 kiwi le —(LaustAter).,--Without the Beak advarteee cud dealings with the Alight How. Gontleelea r beitof bubbles would have bum while he was tiltrieleg thNi 0p.,-((lear, hear 1)-0a thaittibject or the rate si interest, efew words may now. be said. It-nets dear that the rats of 'laciest was now kepi &wet by the system of the Bank. When'the Right Hem. Gent. attacked the Sinking Fundsometime &go s h' stid,thet if ellnived•to s iorgetent in'the Accelerated folio it wee moving -in, the *cm:mutation would become se goeg.ll as to lower the rate of interest beyoedoll fair moo sure; but' his argument qe the -Subject ur loans was the reverse, from their tendency to liminess the rate of interest to en unfavourable height. .11,t he forgot - that it was not the persons who' weatittil the country who aloes vested their property A toe foreign ands; for it was clear that the iPflualltailt to vest any sums there which could be spared less . very coesiderablo. Whew the interest was kept down lutists manner, and upheld en the Continent, it was impossible to prevent this tronstnissio • of areney to the place where the higher rate of Islamic wasto beektained. The very system of the Chao. collet of the Exchequer had a tendency to keep up this inequality, and create the very ineonveniesce which tie professed to remedy. When the rate di interest fell in 'counts)! by wore' and fair means, it was so far a proof of prosperity ; but such was not the fact when the redaction was artificially caused. The Right lion. Gentleman did not, of coons forget Ilia famous project of last Jane, when he boa. rowed 300;000l. at the Bank on the-security of the woods and forests. By artificial meanilt was also made to appear that the proiltice of thirSinking Fe.td in November and December, loss rjaiti ickeil to list of the whole retorter. • HO fille aught Hon. Gentle. man seemed to overlook the lire of . thtmnproductite. ness of the Sinking Fond, and thelsilure of his antic cipation to pay oaf the 6/v per cm 0. The were doubts be tad treated on tit* subject of rite eeliatero lion of cash payments, had teal to that focteatlo. , and uncertainty in the monied' metket which we , yen. ductive or so much evil. This was now settled for another year—the evil day rasa for so long f..rced self; there was Indeed danger in the airiest of the day, come when it may, hot the longer it was pet off the realer Would be foond the iucot.ewsieure, which sooner or later must be felt when cash payments are resumed. Whatever confidence the House may bs disposed to place in the Chancellor of the 'Exchequer, he (Mr. 'l.) hoped each' coubject as etis 'Would not be deemed eligible on the Mere o ratemota of on. in. - dividual. Leta Committee decide upon the c l ues. tins., end say whett er his was the only nation which was to be left without a circulating medium ip specie. The Right Hon. Get.tlenaan calculated badly ou the strength of the monied interests in France, whets he supposed that she looked 'to this and $o oiler countries fur her loans. On the cow Crary, he knew that them was an extent of stealth unemployed in that country greatly exceeding what might at first bight be conjectured ; they woul•I, without mach trouble, find at home a great part of the pecuniary supplies they wows!. It was, there. fore, time fur England to look at:trofbe at-ber finan cial situation, and refrain from buildittg caltelations on the appearances of suck motet . , in other States.— li n use should, above all, look into the affairs of the batik, and take the most effectual measure to compel that Corporation its - restrike cash payments Isis.% the least possible delay , : their increasing paper circulation must he checked, or else they never can pay in specie: The Right lion. Gentleman coocluded by giving notice that he would move fora Committee on this subject. The enquiry could, he sail, he finished in the course of three weeks, and it was awn straws twioppeee oily cdleld ris to such e queoloo oitbsaut it, on the' n ere confidenee they may place in the Chancellor of the Exchequer—a colifidence which lie wss.pure Mr. Pitt, in the plenitude of his power, would never havetlreantt of applying ( flew!) pain r to . G qi ß ie E ,9 N ri F ou E l L a r t i oi sa fl id im h s e y h p a , d et t e ii z t t e s a u e i d :o u n it sic h h touch it rh was attetr.'pted to justify a measure 'w hich tended, be believed most conscientiously, to the subversion of all property in the kingdom : •An overehelining paper currency tied always been prodactiteof the most fatal mischiefs to every country **here it had been tolerated. The renewal of the restriction from time to time had been supported upon varies , grounds. Sometimes thestate of foreign exchange. and the price of gold were brought forward for this purpose ; at other times a bed.harvest, or the con voision sod , revulsion apprehended from sudden re• currency to cash-payments were bold hot. Since the month of July last, the progress of the Bank was a sufficient reason to account for the rice is the price of gold. • The CHANCELLOR, of the EXCIIEQU FR said, that the security required from country Hauliers was no refection at all on that body of men. re security was necessary protect the interests of the the poor, wbo were principally affected by the issue of 11. and 21.• notes. The Right Hoe. Gesalemei then quoted the authority of the late Mr. Newland, to show that the price of gold had been sometime's' I . . . . t om , . .. -. . .. . . 1 • : , . . • t tit. N.„" ' - ' ..., 's. S. - • IQ ..b,4 ' • , ' - THE STATESMAN - .- - • . ......... . mettle, perty l sad who could not give available securitt for" scheoeifor; the as, of Debeatares ?-4k alit I}- , •*( this comets ,ts as at . their asstes. The leltding rigieladoas oil Ow•lect thtti witfikailMyust o be *geld nat 0,0111, 0, thOgost end a half Losiktilt l of !totes seder M. rg red to hiss to iive4ll6; oti:• 4 : 'meld pass h oves,itislieupli., aid the Right 1 isa e iontaoltat Iwo Ent: ~.i ts. ..,: ilf. for , .%. . . me s a, de ard o r d u n i s i b a i l ie. goiog sod i es Itu ts , i n eo n. ..pierti o pa :rot es eiaib 01 w • of . stir c . Igor* i-it - , --.• Is 'object sired .the deepest lest two y 4 l o ilsols stiithi. vequitt. They welt% hoWlsor, !loud o . in costa*etkiir,r. _a slogiustateseent - from .au afidal, thought, a Masons Otition of efidiatiet, and no ass sorely would say . Geitlirevio would not orris, the country ; there be eiloWe od, in , that they ouLkt to prohibit all piper **daily binder ottsebe;a prorlooiamploiNUAo only effectoal way share of it ito he - 51. He blew that as opinion had beta ester- ,it could be obtained-7 1 A COAMMitttl6-11/eitr, Posed to Ili old not i tined.; bet osotiot last of Sodom, he wit tore it A'ear 11 - - - -Bat whit atifqii s 'ad blot was . tlits t what will, ma , . _ . -_- .....1.1 ......... ...Am* IN.. Ausiameham infra • [OROS Vora ~.. ..; . ponces about two mini ma himself was four dates 04 man's travelling list, twice. g from France daring the station of erpence was, h e I .Ptle a n ot iraes ou t n t t illake he rn til eth ekt :heh ' ao k- rderll.ll am fop. or the propertion pi t * —(4 laugh in elphl ;art of the teasels, lion. Gentlemetiiiirens i t ontribution to these Ines 'seined ; _bet how could the esetth4ained? By an *vied, writhe& be British shire% be pt at, and tie do4n of Mir operation,-* • . s sweatVy. it woe! thet thee loans muse sa neof f fir'rgesy hoer's Ittrihee ivies Act.—O tter n—r he re transactions hetet/au' th e Ada Ban. tieellemen,Whe termer were hie ibesteeik;a- -6 told hies se tte• years age; 'of the fiset 7 -k ea# pew 1 twit it.* tbe Beek advaaope cud lOW C,•Onthlgne v .hfilf,ff hit while he was blowleg thtmi s theeobject of Skinny ef r now. be said. it-eras deer was now Ikess dews by the Viten 'the Right How. Gent. dsometime !kn i t!' stid,thet 'the Accelerated fella It use • Wen would became so `rest nterest beyond nil fair men. no the subject nr for* )an their tendency to unfavourable height. .R.t the persons who' weatitil vested their property At* $ clear that the ismtacessat which coeld be spared mss Sea -the interest was kept id upheld on the Contintot„ werent this transmissio • of re the higher rate of &gored he very system of the Chao , r bad a tendency to keep up este the very ineonseeisoce remedy. When the rate d by mature{ and fair SOU, it Prosperity ; bat such was net ;don was artificially caused. lemma did not, of course s t of last Jane, when he bow &tat on the-seturity of the artificial meanilt was Ilse prance of the Sinking Food ober, less. reltiti 'ging to tut iint tee Riga, Hon. (tittle. the fart of thennproductire- d, end thelsilere Id his anti. I fire per ern O. The very the subject of the rebalsfAr Pad led to that fiecteatlo. , sad lied' replaces which we, pen. This was now settled fee day arse for so long f..rced 't danger in the arrival .f the bet the longer it was pet off and the inconveoieurn, which p felt when cash paymeetv am Infidence the Boom may be Chancellor of the Exchequer, i'coubject as this irmald not he Mere state m ent of one titre decide upon the cluess his was the only nation which it a circulnting medium ip Hon. Get.tlensan calcolsted of the monied interests in titled that she looked to this - for her loans. On the con- tete was an extent of areal :, entry greedy exceeding • hat P conjectured ; they wouhl, 4 find at home a great part of 1 they wanted. It was, there. V' to-look atarothe at-ber fain. in from building ralrelatioos Lick matted in other States.— , fire all, look into the affairs the most effectual maniere to ;, nn to - restrike dish payment. delay , : their increasing paper ?eked, or else they never can itt lion. Gentleman concluded would move fora Committee enquiry could, he sail, be r three weeks, and it was 06"n- ccsold go to such e yeenlott re confidenee they may place !he Exchequer—a enlifidelite it, the plenitude of his re-dreantt of eppl)ing for.-- sid he bad listened with much flimsy wetests upon which it f r• s measure which tended, he iously, to the subversion of kingdtiok • An overwhelming ways been prodectire.of the every country where it had Mews! of the restriction free 'en ***ported upon varies , hnstate of foreign exchange. were brought fore ard for this -; les a had. harvest, or the con- apprehended from sudden re- .rats were bold but. Since thy I progress of the Clank was • :ount for the the is the pfia DR of the EXCREQUER visited from estuary Bettkem 1 on that body of men. re protect the Interests of the tincipally affected by the issue The' Right boo. Geminate I rity of the late Mr.'Newland, of gold bad been waggons' ,~, t ,