The Statesman. — London, England, 1819-05-22 00:00:00

TIM STATESMAY: IMPERIAL PARLIAMEAT. HOUSE. OF LORDS, allAv 911. ?Mk LambMr sat for Appeals lilt lisof.pos ibree ti look, - lard Verr stork the +sib+. tleveral Private fill, weer M.O. up from ibe Comm. At Clever. Gi eryar Mr. Cart • tight. 11.-rd William Began ek. Mr- Peire, Mr. Meas., N. Campbell. Mo. Werk e). asal token. Mr. kla.se. from the Past Irdla COMPAQ% 10M1.04Pd ai the but relate. of she moms (Gold mad Soler, rapers., to CM. IS) the Kw lobs C..pait. Arc.4Nrls were premen-+ from the Mi. 01Bire, is parmasee of .be 1:1al I of Uremia .1.... • !ewe commeratittor sub plate relative in the liatarraple Hri. Bert Preemies Bill, rbar kw record weeders oar ordered fur 'new., Nest. wales of the reentry et large. het beyond this limit they retold art prudesilly got that whatwever hail heels the sersaires, oat,- represetwarlnes. mad Ns4llew remarks in relation in lie Hann. their late eructs is return Is Cash Payments wire telleirat to have refuted all the ablussay ,:ore .•n it 1 that. mall,. the Haat rheri•hed an feeling at a l lelewarilaat me the imeteirest of the %um% bul world always he ready in second wig farther t►e elfurta of the Legislature lon the COMM* gaud. iiirritiior THE RANKERS. MERCHANTS. The Essl et LAC DEMI) AI. E that hr ris-e jar the pier to of privessisita so thsir Pro i 5.... twig In. gotta fame amid See Isesedsed the Men bawls and 14 ...ker. at the Cii y. sof Loaves, ....l otter( tube. .guard. Whoa ie pp.-held/41 thvt nwriraworrs of it 'eft wri.**. king/ hsi!ht esvve rtivid ifinted thingssmi.• she a ficielaihog oweelium f..11111f,. lbinild their Liesibblpr be indarril tosanol she .segzesisssun iw the Reliefs. oh die Whirs of she Rusk. Ile pe•lves It . for mr. sdhertted I. the opining, at the Peisilsscen,w for sus is rept. IC 4 the chastener of the plan with refeeetift S.. PI Alleiesseisrs of she timbales of the country, though be cheesed time the Pei. linnets us ether rims. lie believed shy, it this, plan its adopted b. Ifle Le i veslatere. Ins elect would be ha sartssral iti gsanuoi..a of the rlrwlatiw, el she ....nor,. The. lass lee the fel . ..Wm* She Pesisims ani pal dm, aesee.l te,de.l the Pesisi.ets thew read bt the Cloak. as lOW •s TO TIIE HONOURARLE TOE 1.0R145 PFI It ITP4 I. •NO TIIMIVNAI.. PAI4LI M 1:111'1" • INC 3101111L11 Fretting or elle . Iwo CD yea -4.111.% tTS. AA AA TRIO, BS. LCD OTHERS, 01 , TUC CITY 55? 1.0110011 A.k• 1111 setcistrst. scliAmitu:s Af TIIL OLD KAILV:r. 18t . to, Tbot by se Art p.,,ard la site 58th year Mate reign of h s pre. m Mara r. meeting Unit an Art one passed is the 48th year a hi. hlajests's An Art le c.a.-Mee. until iii tamule. .11e1 the rstdi rt 6 Y of a Daunts.- Tiraty of P. she Itriirtronas reetatnett in sear. tA Waite se the 37m. Slith,4l I, sad 1:A se4l6 of the reign of hi. pr-teat Majesty, ea pastor., of (Si h. Me limb al Lot ion/, shift' A. t had by •eweial setnerporat Arts beer roil errs mall sth day of JYI,, 1818, mot melting that 'afore see. r.r.a....are+ a lir.ch h ,i 1 sereired Were the of the last the said Acts had tendered it exp... Mat she sai.lite lameness. ...mkt he farther reatieeml, sad that 'weber prised ▪ he hard fat the I -roweling th, real." it is ram t, d Oust Pr r .1.l A. t be. aid she ts was, them., feather cur bow.; sole t e 511' day of July, 1819. Tths the same . itram.tasse. which nyelere4 it es tot that the Nod Itt-tr.ctues shneld be commuted by Messina Ail of tee 1111 h 1e.., of Ike finger ..f hai present Sll:eje ay. mad the Sin day • Jets. 1819, tome heft reuerel to rim'. Tlfra sour Pohl. wets hare seas a to apprehend. this Illear here. 4fr in tresiteopliiimi. Taub regime:pre to the resesoplifoi a DI the ba-11 ..f a his t. in the o s imi-o of ar Peril...en a .11. as they humbly 'emit to r.-a. L. re el-sp., mad lei a bared, parr sprouts, and highly els. tees tom tear of the eirrelolsol 'oedema of the roew r.. 'f has the en. rooterate. at such cas.tartioo al.!. as seat Pei ,tams bees I. emireive, hr to odd see she berths. of she public debt t areuelt t.. born', the premiere of the sways tth tle. inlet et hell loaded use r••••asietelal simper's 1 to Molts to alfrit both petals and pi•Ae creed ; to rush .rusa aed create all otometailoto. nod cutidoeree, it'd 0..5 i .0y oat of ettepl.•3lseessl (a• la. 11.411.144411040 'Tao Arras pr..por. it. of lOC indritirldin and Inbornirg Clilon• of the rosenneoloily Thus pair Frillier. are feritlest fa the opinion which Owl have Moe soloootted to y. sr I.nedulstps. by sae ditties. I raper...aid by the reinoretriol, wading, asu.efsr. tare g, ousel agrittsterni Irlemt. wf she bamboo, from the par tial team 'Ma of the 14ael which it appear has rectally takes. pare. That your Petitioners harshly beg leave to represeet to pm, Lwrdsher. Shot ire. are 1011, anointed Ito weedier she was her iois the time which sour Palmerston huger names in appro.- herd ettendid to be pins sued fur the tromps.. of Gatti Parton.. u wired to mind the role otter's 'hes anticipate. Yost Pettterer, tbetelsre. m. 411 humbly pray a..or Lard. ph is . en ske e ter p .eam. OW. year 'Trion• foroortfealloe, and that she time. of ot Firm , li•ed by Isle. far she irtenionsiun or she Nr.nirti,ar •ros Pu3orero of CNA by she Rank of Fang. lend. may IK eal.• led eft n peals.d a high shal nut tend tei foie." mid 'meows .te troeseme ol the rinnilatios mediate of the mantel. .4 to oestmmos Ir de, or N Hoare politer credit, apireleste, maaefa. tete , tunseserre, nod that y.se. Lord *lips sill be plemed 5.. gnat Mob further ut o ther r e lief is the wail', as es yner Let.l.h.ws shall *rem meets Lord BULK ELEY said, that he was desirous of knowing if he might allude to what he had observed in the New 'pap., I.—[lleor ! and (aughing.)—S.v. in% the Noble Fie cretery for the Home Department in hi. place, he hoped that Noble Lord would not take the question Le was abort to ask amiss. What be wished to know was, whether sups had been taken to present the atroniblind for the property of felons, as yr.,' wirttessrd at the Old Bailey on some trials in April Viscount SI DMOUTII knew nothing of the trans act' which the Noble Lord ( [Lobel)) aronijoned, bull ohm ws. mated in the Drily Papers. No refire• sentatians hod heyn wide to Lim, nor was he culled no to inieefrre in soy nay. Unless the subject came beim, him is, an official limy, rho Noble Lord Test be 'wished that it was impn.sihlu f u r him to War ty.. n.‘%l: R F PORT‘. Th. Earl of I.AUDF:IIDALE said, that in woe. lag that sloe Poilion should lie on the table, be Wished to add, that it bore tho sigoatores of most of lb; priocipal houses in the city, and would base re ceived the sanction of all of show, bad it sot been for the interferroce of such persons as Mont, Wooler, end l'easson, 111.0 delighted in turning Public Meet ings to cosifosion; and if tbe treasure now rectos. wended were carried, be west soy, that the cense sconces were likely to repay thew for any pains they took its such occasions. Ile held, therefore, that those Gentlemen Isere locoing wort perfectly in clot. racier alien they altered the ',mimeos, and pursued tile conduct he found attributed to thew. Dante be at loon, knoevor, he wished to pot a geniis's of the gloom ispopooriantv to oho Noble Lord at the head of the Goovertinseot. lie was inferiors' that a crewooricstiou had recently been wade how the Di. • p , pate rnr Ir. .inentrvett ..t t•a.h Kiraly 18i a a Irr• peth.dt lie barer t“. tycil.r at. as, t ..an ib..rr new r...d.rd by tbr.r 6.1, Gems..BlUp.• 8.. 1111 au I r neisde by muting lb, Ite u nt..m. he *sr 118811,81 1., a Imarrr rd; , b:. voctotsof iboßook to Ms - bliejest)'s Ministon, bet till be knew that sock a paper wall in OIiSICICIP, be could not cousistoosly move for the production of it? The Earl of LIVERPOOL said, he had no ob. jection te admit that it was perfectly true, as stated by the Noble Lord (Lauderdale), Sisal • commonics. lion hail been mode by the Governor and Deputy Governer of the Beak, Ibis morning, to his Slajes ty's Minisless, sod that the comatenicatios bad re. foresee its the subject of the Resoletions now before that noose. He asked those Centimes at the time, ilk use wished that the paper they had consmeitie oiled should be laid before both flosses of Parlia ment in a documentary way ? They intimated that the had so objection to the production of it.— corisialy was in possession of Ott paper which the Noble 1.61 d opposite had adverted to, and if that Noble Lord thought proper to more for it, be him self was prepared to precise* it. The Earl of LAUDERDALE now mowed for a copy of any kind of communication from the Dim. tots of the Bank to his Majesty's Ministers, soda tlilhim the last 44 hours.— ( Laughing.) Upeo the paper being brought up, it was ordered to be printed. Ibis comettaitadon west is effect to state, that she Rank Dwiremey had takes the Reponse or lite Crammilters of both Rouses of Parham.. woo their lowa Krises consideration, sod had is iroresosietwe 'honk' it river se lay their epistler. oa the coati-m.4 she.* Reports before Ministers t that it woo ob vious, aeasediag to thew Reports, Aso the Felon to Cook Pay. amb wow be groleally made, so as to be realised al the de tain:egg fear yrats shot. If she Directors of the Rank redef ined the revonsweedation of the Reports, Ike, were to return paysoos„ it peke thoeld he at she Mint price. partially. is Isoyeen s that Ile bulk vilieswelwes. Hs car Ito regarded skein wasugeo toll iroateaterser. wort, the last body to object no toy we their nosey, but it was hicoothest os then. I. ersider their Muslims as bunting is. Ihr conotsteacial IWO she favor; at large. el barb bud. Weed. twee collided toes* et-teresino..(crie. • f hear, sod a inogb)—for several ”ert 1 Oat lb. Mecum were room how little it bees • e the bask lo roan Iwo sae Floury of 1.4 Trimmest w ilk respect to es,. she cowmen" sr She ro.stry, scare their peculiar duty or to provide for dividrtds and the ainaageowat of the !Ott umwa Dealt mai. believer, ohne it Oa. proposed lbw they Wood retina to Lash humors , ' Shea gold happend to hr at acanthi pewr, they egos-rived is proper most respectfully to Walt theirowsslowsits to his klaJew Int by their Whore is vinsull he isferred that they had gloom • Ineil tow At le ormateb • Meb • do. perhaps. besti rier! with grryt risk Owl Book bad .oliositord so she Howe of Liyrds threoredi low) of pa,iagi 'brit Owes ies cash stinweer gold at us she astar voicei 'has they were &yin.* mud oil log to estrod MAI of Wiliam se as to be commemorate st ith the 'menial Tee tos.l of 'UIII.II DA IL, • she Itor Re,olut.sta being pal, said, that he did lot si•e to ever ow. a col it o s ran tom an, itreef• for 11.••• e, fur. nn vs, too woe Louts wrot fanisrr, is wa, assioovable for hiss le pa. 4.0•01. >la /ll Late, •••111.1er. mighs .i ii al-Seto 'Lie • Ars Haas.. she New latioss. Wrls this view i r psop.... Shut, as los .iusetd wee t, alter the ustrd •• that," la the Itrs-Ossisoass of Ibe Noble r a dafeseso •.1 of liesolstion.....smid to. ist.ersess. so the folloistiqg eller v—This dor sq. the %co. Stilt; rood 1417, the et elusisirs were Iwo ersaVe for the suipostaa os of p.al I stint so thr south al Mhlgh, 11.1 h, the isr.poss 500 .f silver was Wyo.- e,l wills a pursEt, stawsgh ;goal Ow.pur:rd ; this, u. gra,Se i , lists(' Was Oa rsidenrr s a over-nose of itaok popes i slat tie eseltaages as d ;nice, a' LAO ol mete Ile aaille •Isess. ever Ihr •sare of sbr silver toia ema d ; although In she beginalue of Inli. Uwe.' ail• a gr,41.••• isoi• of p-per Its she IS. al., is an. capable of rrsionso-g Cash l'as so. at. ; shot of the Mies Retain. acre ./•iati sled so a, so ifte• the ruralist:awe , of Ile Bark. C... PA, swat* sesOi b • re ran...ft alma shr lint was its IN mark., price ood, Gusher, that la at •Saii ale ihr ir.. •..lbe, On, a em.. • slrp lynala• our octal'a id a . balmy Stile of the NO. ...mat can.; Earl GREY elate...a a nib 'finis shat was the mode if ptoreeda g that 1b... Lor.l.liolo view Ammo to take.— lir rev riled flat she of lie* N•olo Foil nib .inae• ed ti.e5 , 11• Re 00000 0 had porrenird h 'going al 1-arth into tae que•to.a. flan bet.... the Mune, Then „•.. h.epened IL-1 Irotebd (I.ardeonale) %kr fonsoill Jawl los ll•sooale co Isl. CssalllOf • !fro/SCION., Ich%;ris ,hr. Talmo a the .-so -1 quit). and tt.n. re,tatiag hi. .rat. Ile pal ot to Lo. 4010 ii at: , prnerr so hairy or Io a rirci.iooi Io kWh CII , IIIC-Itollti , a. lire an • f bearing the N. Ole I a. I ( I la• ran b%) nI irssol.r r mine. nail l.s loos Ilse se refit of that linen h SLe a kirk kis N. , 11, furl.' n• ►ono* IN roosooollo is 1.111hkol• 1.1 tit. knoll. lie k She ▪ nand of Ike Noble Earl% 11..01001050 a. Moir spas. the •••• r. 1...5e of Hank po i er, sod 'Dr t 0.4 e- d .• , a. los opinion he lined rookie. What. vet o g be the yr sc.. pie of oppsOllloo on otner c..01d ao, 1.11-; hiiitell to Xi 11Oppg•ii (0 hind of ot jett.a. ,bat 1. soled I. lop.. C lOC re.antation of C.oli P.., nee r. lie looke.i for ora•au.gga and foto, rornoo..incs pail fori..oo in be Canal h, lor Repay... .84 had a right tis ropers wale ...opt/magma I.use Nor: k 1... rd, app •.- ✓lle In him. Clear, Airk ritegno.4.ngers a. Mew, owl a bin 100 f owed ( had yo•yaroal hi. fie...lgloos. in ▪ entsvrnioira of the lore wt. de stun: tortoille of the nye,- I•.we. a p o rt. hr world Pk. 44leeihse. r • lea wee•ov et foe fenlowiea owl kh.lliallon of origtuserol. at wa• nAtao 5..., ma II of their I...tiblopo to promt theltrot4isoot ot oboe Frteted to he presto to, lbw are, ood, u. its.. woo time. to satineta Ike fordo, totootr.atioo of Ike ow-416.m all Al ...do% This its all the sndolgeore be sited for I wild h. trott , d thnq seer they acre wow prepared so meet the goesisoo. she ad joutootent otoild be C.II Ceded lo else relli of LIVERPOOL said, the indisposition of his Noble Fs (Ilarrowby) prevented hint from going so much into this importaut subject as he should have otherwise done. This would have been with him a strong ground for Inman* off the &messiest', but he felt coositiced, from the opinions which were ■broad, that the I :t was brought on the better. The longer the Public were kept in uncertainty with respect to the issue of the business, the greater womb] be the inconveuience produced. With such a mass of evidence as had been before their Lordships for some time, Bald the recommendations of the Commit. tee, grounded upon that evidence, hr did not see how say person could fairly complain that there was uot, sufficient information. upon which to ground their deliberations. He did out by any means think it enressonable on the part of the Wilk, to state their opinion open the measures recommended, before they came under the view of Parliament. The con. elect of the Eaecetive (Unve►nmeut itself was involved in this giantism. It was natoral, in his particular situation, that he should wish to know the sentiments of their Lordships before he delivered leis ; feeling, however, that it was a molter of so much importance, if it met the wishes of their Lordships, he was de. sirnes and ready to proceed. The Earl of ROSSI.YN eapress►d a desire that the discussion should be postponed until Tuesday.— If any object could he gained, the most lik►ly way to effect it was not by base% on the subject pre. maturely. The Earl of LIVERPOOL said. no new argument had been added iu favour of delay. There was nothing new in the Resolutions of his Noble Friend, if be would allow him to call him so. The whole bad bees discussed and sifted in the Committee, and it was well known what the Noble Earl's opinion bad beets; and the subject had also been most ably discussed in the public Prints. Under all these circumstances, be could not but consider that delay would be attended with greater roil than proceeding; said, impressed with this opieion, he should proceed to stall its. view which be entertained of the question to the noose; and, in doing so, he should end ln divest it of all 'Overact questions. 'there were !hive objects to founder. First, was it espedient that the country should return to a diet standard of viler; neat, elielher, if it was elpedieitt fur the country In do so, it should be the aseil standard; end, thirdly, whether the means now proposed were wise, and such as might to be adopted. Ills opinion always had been, that the measure of rorpensiun had been the preservation of this country Jilting the war; bet he had not at any time concealed bis opinion of the elect it would Lave oil our circula tion. It might be *shell hail 'Jr:. a unsure ever been bad recourse to in env ►orme► nor. Ile would, in reply, ask another queition—ilad there ever been known a former war, which could he compered to this, is. which all the Powers of the Continent of Limp. had been united ender one man for years ; and the object o► that man, deflated and concealed, was not only the conquest, but the ruin of this routs try. Such a state of things requiroil extraordinary means to be adopted ; but he hail never r►commended such a systems to be made a permanent one. lie be• Neved the objections of the flank were some of them conscientious—all were irlau.ikle—but most of them _ • b.. Earl ..f HAIM/WHY, no the Order ofilee Iher being i were f imm l ir d on the as h im s ow ys j e ,i is ed f rom hating no* lead, r..,e la peo•el•P•rrtr....ll{,.Blllllo.ll he hid steady • Issid •peen the .able .4 the titles., recorobrrebt. tory of /NI no hied stendard. The , question was not wish them solopeeser of the "puff soot 14rif 1.06.16•1.e.' C..1110111.1r .01 thr as to whether she resumption should take place its sus rem* of stir flush. fie sdreresrd. Wet i.i...,.w.w1d 1"'"Iss h " months or in sister.; but whether these should ever toilet at easy I•neeth soh. tote detscilc of ere frehel.ne, boo bt i larpe.l ele .1 there 1.,t.1e of doe 11.1.-e eines.. at. ,be a filed standard of value again, lie would ask, pone calkie.l to otebly sirs, Losel•bir. ti.. elpe•loess.y and . was there ever any country which went on without a prosodies of arredirta so lb He '" lut "" he 4"dd P " " die ' fit ad standard of sows, sort, either metallic or other. 1 he.r as, In reron-,..81,1 a puts a hoch 11 fsepe... rA . f .11 01/4.1• the mew libel, 5.. -borne shear., sum re iw.H.N. wise ? mold the worsting, now as., would this coon• ohee mirrors , os mod' Poise'. Isr if ,141, ". 8 " 1 • 1 "."."."'• try now. in a lime of peace, proceed without some oh.. it roar benne the sums ople is rosio.nrcel r old be la . 4 d ell ? would the country now entrust in the 14..1.1rd is it. bell tigoor. lbe reeds ..t refurreot den - to ea.to Payments ..r.,niretdy Lorton et smiths h .ppeto to be hands of the Bank, a most respectable body he was too ronty at ben. not direr 1 0 .,(10 tips w.,urd yr•rrore the I b ran d to say—yet would they entrust to this body a iteprort ono peemieleet, drit lisle ens tolhocinof IT110181•11.41 rinserbs lake Once, the morn Ise issee b. man. outer. portend./ power which they would not vest its the Crown, ton t', onto, eters. et. so., hr remain at a g.11..01.10.. Ibe 1.011..18 trailed 04 it was by Parliament-4 power of making i.st Pfro*osell le) s de*Psee'"e'l ' 0 " I".. l e es ' 4 s e " money without a lived steads, ? As the case now decant sae area SOH.: unP.llaus of the redi..try. mere' of as appreiteneled cat 111 P 111..14 : 1.01 the I stood, if the Book issued t0,u4,70,000i. the Public elms embodied in ehe Rr i ntorterse 1 e 4treolf peoloor, •a. 10 paid them I,ULO.OUOI, a year interest : and for ..perate b. 411.0 Isopencrostoh• . Ite eitu.d vest ? L ai not for haviog security of the but base 411.•rcel lbs. I lan, unr *weld be nom rt n of se 6114 "" out bin- .t .0. forte..f truce and e .pr, dist et to get* !Penal y to the paper of the Bank. lie a. N . . 1 tewrti% net d'i're•o-1 ale.. at l's•le o f sh e would never recommend the Public taking the • 6 , mila , oeu poonfle. sod commerce scree of • r•p,..rti , a ka,..d .e.. ,h, en e e s ,bor " e d. as. Mr 'Ask, CIICOIII IOI I inl re their own hands ; but if they did rf 0641 a ••.,5 be deluged lo the hind rue cub as enceeneent 1 so, and issued 20.tag),(4.101. of paper themselves, Misr ro• ••••p••r. The 1.14 , 1i.e so. s.. I.r dryltsoll,ll.l hosing l the, I I thereby save a million annually.-- int Loh' tr. 4. a., or of torsi I nor moor o our., lieu she grim .re. st awl 'b. 4.. 'dote 1. : Ile could stot left fin admin from rifling the no- • r.•aty of wise oo ioo g to • filed standard, and not to inhibit any longer the extraordinary instance of the first commercial country which Mr esisted itsthe world issoreedissg owhout • fixed standard. 'Thus' notch for the orecsssily of returning to a filed stand. aid ; sod next, •s in the question of returning to the old standard. 1 hie, he cotstenstrol, the country was bound in hones, and honesty to do, and it was the dusty of the Executive in see that measure carried into elf►ct. without enondesing what individual might he benefited, or who injured by vorh a measure. Next, us to the plan now proposed, be contended, it was one which should tw adopted. During the last three' sears of the oat gold had risen to 51. 4r., and so it ass at t h e time of the pure. and the country had then to (gavel all that way back tss the Mint price, a sum of from 20 to 3') per cent. From the lime of the peace, in 1814, she etching,. began to turn in our fan or, and gold fell. This was checked, in. deed, by the return of throlporte; but in 1816 gold fell, even helou the Mint pike, and so continued till 1817, *hen, indeed, it rose to upwards of 4:. but in the vesent stare of gold we had undergone a com plete reonlot no, and on for fettered our steps, that, instead of a balauce against us of 301. per cent. the balance was not ISO 01 31. per mot. Curler these fa. 'lsolable cdrunastances, Is could not doubt of the psacticability of reforming to Casb Payments. 11 ith a f or e t to tbervlrsinn w hick had twin presented to•day, l one of its complaints ass, that by the proposed pl.sse we should be driven to • forced resumption of Cash I l'aym•nt and immediate ieductiou of the circulating inedsom. Now, how was this made not? It was to I be upwards of six months before the Bank resumed levees bullion pa)ments, and eighteen mouths beyond libel period before th►y 'plumed to Cash Payments. ll► would ask the Noble Louis who opposed this plan, mold soy one less injurious, oe lass limonite went, be adopted ? Bank would, by this arrange. mem, be obliged to provide a certain proportion of hellion, but they would be secured from any capri cious demands from fancy or otherwise, which by the common mode they might be exposed to. They would only be eaposed to demotic's arising from a view to prat, end whilst we kept the eschange in our favoer that inducement would Aram. operate. if their Lord. shys would look to the Report, they would see that semen! of the Gentlemen cotinected with the Bonk bad made the repayment, by Governmetit, of the sums minium' as a tietesaary preliminary step. That matter had been discussed in art Committee, and the opinion was, that these payments had better be made gradually, and by this means the Bank would be en. shied gradually to purchase gold for making their payments; and it would be recollected am what was thus paid by the Bank for the porthole of gold would go to increase the circulation in soother way. The opinion of Mr. had been decidedly its ' ts of the cousse which had bee n adopted of sus. pending Cash Payments dosing the was, that Gentle. man observed, it had attostled the means of election to Governuieut, sod bad enabled commercial meat to pu r s u e th e i r ',tints with ease and frci:ey. lie (Lord L.) agreed with that Geffileimas), 'list the sys. des bad been productive of good, hut that good had ' teen unalloyed with evil ; it bad encouraged *pets , lotion, by giving a false capital ; and, in his elis ion, though for a time, it hail toms productive of coo -1 moieties, yet, in the long suit, it would be ruinous; I sod no seal tasting security could he found, bet in a retain to Cab Payments, end a filed standard.— ibis might he adjourned Guru year to year, for a year or two lager ; but, ultimately, the result most be the oomacth .ugh it would become mote difficult by each Cagy. On. argument which had beers u.ed had beets it•ir increase of the circulation during the Ref. —Now, is atiower to that question, ha would take the argument its the strongest polio of slew against iroorsolf. lie wo u ld suppose, with our increased mastics., oar increased commerce, mid increased estivate'', our circeladoot ~diem us• oily, as its 1797, namely, Astern milliows.— 8 1 . 1o ffic w i s ip s et p f r u epe r a r i e l d pu t r o pe c i ci e i s i . ten r d er t e h . a i t ., t : r o e: co o ze i nia d De with the 'stied, would be serrated to hfsr, wltlt how small a sem all these objects ell;ht be answered by means cf settling and balaiii.s, clear.. g hi.asev, sod such arrasigemetos. A t'aily cior•l iti.... of 120,0001. did the port of 1 Is 7 million•. Io 1817 the i.see of Binh-notes of 11. ea, 17 mi1e....., of srhich three millions hail been re-i. 40.41. 0. 3' mod 11)1. notes, the number issue.) hail been 150 u ..f esch. Notes of 11. and 21. were g Ily out 137 de's. while notes for • 1001)1. mere only out for I 1 d e o.. Notes of 51. were generally ono from 113 ... 120 days. In this year 1792, 519.0001. sepreim trill the circulation of 75 et Minns. .Notes of Ita;01. a •te theta oat for 22 days, and small notes of 11. sod 21. for 170 days. At the preterit day, SU millions of paper money performed the functions of four limit/ that sum before the year 179 4 1. In Lancaahite vest port of the circulation consisted of bills of eichatig... from which no inconvenience arose. Some degree of ;swill inconvenience must aris• from th.. Isroposed change of system, bet that would be o:oly temporary. The Mint regulation bad nothing to do with the dia. appearance of the geld coin. Sifter had fuimeily been a legal lender to the amount of 251. and, not. withstanding its depreciated slate, hail been boeaht up from motives of commerce. The plan thus brought forward for a retorts to the old system, world lead to no violent convulsion in the commeicial world ; and the Report of the Committee had taken • calm sod deliberate view of the subject, without the skri. lice of principle on any side. Ile treated it would teed to the most beneliiial results to the country. The Earl of LA UDEIt DALE moved that the Re 4alelions he had brought for ward iii the early ;mot of Vie evening should be read. That having been done, hi, L011140;1 ohs J, that if be Idled in what he wished to impress en their Lordships. it *nett' not he from any want of pains end research on his part. Ile most readily admitted, that • filed standard of value was nee y, and he mainiained that Jetfoil)e for the lest 12 yetis, in which lie had siva> a been opposed by the Nnbte Lord. Ile congrat. laced the Bosse and the country no havia g so distinguished a convert oath, Noble Lord.Whot had hero then for the first time staled by that Noble Lord, hr hat/ al ells cons feuded for; bet with the zeal of new ciarsveits, the Noble Lord skit/41i.. have the depriciviosi of paper receeniard by Act of Parliament. Upon what prin. cip!e, he begged to ask the Nob'e Lord, had 41. la. been fixed on -s the value of gold, as in the apace of six 114011114 it would riot be at slat • hoe 1 Ile hail asked Mr. Goldsmid, the bus• r of the Bank, what would be the effect of the Bank buying gold? And the answer hod been, it would increase the wk.. — Ail the witnesses essmined before the C. enmities bad stated, that at present there was no market price of gold, as the Batik had ceased to purchase. Ile !concurred with the Noble Lord, that she Bank. could lit the price of gold by • redaction of the i . At present there was no symptom 4f am lover issue of paper. In 1813. he (the Earl of L.'s derdale) bad published an account of the coriespands : ing pike of gold and silver. In 1511, the real pike l of gold was 31.154. per ounce. Bat from 11115 there wits no proof that paper had depreciated. In March, 1817, the new Mint regulations made their appear. once, and there was an issue of silver to the amount ! if three millions. At that time Bank notes were by many preferred to gold ; the course of exchange ' slso was favourable, sod the Bank had at nu time a greater quantity of tresiore in their coffer.. liv.ls. :teary, 1817, there would have been nu difficulty on resuming Cash Payments. In the March following the silver coin was sent out into cisculotioo, and the coarse of exchange immediately laticaine uufavour.. i able, and had continued s.a ever sinc•. From that time the Bank paper had varied from 25 to JU mil lions, and yet no difference bad taken place on the 'aching,. Had silver been the only circalaties me dium, the course of exchange could not have been soufevourable. Light millions of small Ca .k paper, and the same amount of country mates, took their valise from silver. lie opposed the m-asure of the Noble Lord on the ground of the unfavourable state of the exchange, and thought it could not be safely adopted till things were in the same stale is which they bad been in 1817. Mr. Baring had ad mitted. is his evidence, that silver coin must Now into the country a hen the slate of the 'ethanol was orilsvourable ; and the broker •f the Bank had slat ' ed, in his evidence, that, its fact, silver bad peered Into the country from all parts of tie arotl.l. In 1819, the Woes of the Batik had been 29 millions; that amount had been diminished by ohne millions, and the price of gold bad risen to 41. Ss. and the es. change became still more out able. The device brought forward on this occasion was a piece of mere quackery, end was not new, for it had been prac• tised by the Bank of Amsterdam from 1512. Whew the Bank paid some of these notes in gold, they bad paid in guineas, deficient in weight, though not so much as not to pass legally in circulation. The price of geld was regulated by what the Bank paid m for it. But for the Mint Regulations, the caching. mast have been favourable, and the price of gold L beet. lower ; and that would appear by pistil% gold I its a state in which it would not be affected by those , Regulations ; as in the event of seeding sovereigns i to Paris, and exchanging them for French ci.io. and . transmitting that coin to Eegland. In his Rests.. halloos he bad stated the evil to be mainly owing I to the Mint Regulations—with them the .ple. of i the Noble Lord was coupled, and would do . the most essential injury to the trade and mans . hectares of the coentry...--..The plan had corn.. I from Dr. Smith. but be had never thought of the . fitted capital of the connry. There was no Isese. ice.. hie mode of procuring the 13 millions stated by Mr. . Ricardo is be necessary to the realm/Nino of C4,11s ; Payments, and the plan of the Nosh. Lord would i equally justify a twropt airy law against the use of ail. . cur plate. The plan was an experiment that must me I attended with very singular elects. It was Imposaahte I to prevent the Importation of Inver coin, and if the , Bank began to bey gold. it world rim re 41. 59. rev I ounce. Should the Dank he able to inf . price of gold to 31. 174. 10.1. It would a, !tap in the circulation of the e.a.t•), as main in the *Awe of bars.!. the r0f...9 .r , Die gloat objection to a paver Cdrreney, was boyaind the not of iota 10 say what a►cessary. at say RI outlaw. It was slut it my orbit geantity uftls►, was wanVd at the Mal 35,0001. week.). rht. valid fecond only by crewing • s• a.ctty ~ a.... ovoid lad to th greatest :uccatenieuce • ring d.o. n .re- not MI en Owe • it weed rfl., K •••, .1. et a yea ggg o y • I cp0.416 . • in it tnt• en V.a 4 pwr pi., a ty rpw .h.t tad 1, bets. . .