The National Register. — London, England, 1819-02-07 00:00:00

FM. I the motion ut Lord P.thwt.N.init, the sum of el mill , on wits voted, on account, tm- the land forces ut boom rxeepiing the Er3i iother, fur the courant year. Mr. CALI:RAFT wished to know how it Imnpimed, that Mosey voted by Pa:mamma, fur a certain period, Caine to be err ,teed efier that period imd ext.ired. Ir. VAO4IITAHT nheei v ed, that the ottgervation of the lion. Gentleman eptilh.rl to the *hide el the service of the 'Cue 0101111 was not %well p,,,spcctively, bat tetro. selectively; and it any ter.riined, it :night be niplied to the purpose for which it had been oliginally voted, utter the time bad expired, The shim of 24,921.0301. was then voted for the Exclieqvier Bills unt4autling end stninovided for by the Acid of the last year. Mr. Otiestritra, wished to call the attention of the How to the transactions between the Public and the Bank. Thy u Ilk derived advantages In the amount of G:rtt,o9ol. annually from the balanter in their hands: awl, kin particair, they I derived a profit of 130,01:001. l'iant tie loan of three nil:lions to (Itiverninesit,tlionAn that loan wit only a part of bine fail haus of the public money in Omit hand, A•If.VANSIIiTART SAW, that the transactions between the Bank aid the Oublie would soon tittilvrgo a strict investika. bon. A now arrangoiseut was in cosi snitation, by which the Pubic would have the benefit of the balances in the bands of the Bank. What he had ^gated on a roamer everting, respecting the repayment tit the moneys:hie to the Bank, was, that, out catkin million., eve had been repaid, and the ie. staining titter were secured upon the revenue of the presimi par. lie had been always willing to take np the subject of the transactions tsetwees Grover 1111 l ent and the Bank, and the Bank was willing to lend a cordial co-operation. Mr. Moons thought, that the pnblir money ,boil be kept in the public Exchequer, und not ilk ilic code's or the Bank ald hoped, that at length Ministers were About to learn tee netny• WILD ANIMALS. Mr. I.mwtion observed, that it had iteen said of bins that it was (tom a lellow feeling that be advocated the cause of the foe nature, The fact was, that his attention had been called tu the subject by the circumstance of a matt has iug been tried for stealing tattle ferrets. The Twelve Judges i. 41 decided that he was liable to no ptinislintent, as they were wild beasts. But the regret was a most useful animal, especially as it was tile mortal enemy of the rat.—d tout Latigh.—lie wished to protect all taste atiiinals,l even rats' thetuselvcs, could they be tamed and made to decoy others of their species into Ih.•&r toils. 'llse Hon. Gentletuan moved fur lease to bting In Bill, on the Yid of February, for the protection of wild ani mals reclaimed. Ilte Gallery was cleared, but no division tools place; ted the 'Hollins, as we understood, was lost. TUESDAY. The &MAIM stated, that he had reeeived two Petitions, complaining of an endue Election for the county of Galway. rotitions were then pi ciente(' from Keatitett, RocheAter, an d Itristol, complaining of undue elections. The two rust were orilescd to he taken into consideration on the Itils, end the last on the 16th et March. Several other Election Petitions, were also disposed of. CASH-PAYMENTS. Mr. TMNeT rose, and stated his object to be, to move dot tits appointment ofa Committee to inquire into the effect produced by the snspensioe of Cash-payments OH the ex change with foreign countries, and on the circulating me dingo. It was uuderstoeithot Ministers intruded to continee the Restriction Act to March, 1820; read the question was ice of dee most isaportant that had been agita:ed since the Meet:intim), sad was becoming a topic equally popular with Ihtiveisal be Braga or Palliest entity Reform ; mod he was disposed to thiuk. the Petitions ea the subject had been pro- cured in the same ilaalllll/f. The only reason that he could see for inquiry being opposed, was, because it cause from his side est the liosese, and that be was the mover of it. He ad salted that the principles laid duels in the Report of the 113:lion Coussuittee femora his creed. Toe toes non had Le conte difereut from what it bad hien before, es it was no longer use of mere abstract reasouing. hut wheats, the cir culation could be restored to its former state.Misch alarm had and been felt on the subject: and it had been said, that shenld Cash-payments be resumed, the country would Ise ruined. buds a doctrine had calmed in bins no sterprik., after the long cotatinuance of the Restrictioa Act. It was sanc tioned by men of considerable influence in the yummy ; and, to say, the truth. by a powerful body; who attempted to cou teohl both the Bank and the Legislators). Many of them were torn of the fairest character ; but the tail was feigned by others of a very 'lnlet esti description ; men of uo capital. who bad over-tratled themselves, mud, on that occultist, wished to keep the circulatiou as full as iio4lllle, awl whose ruin would tie iuevitable upon the retort) of a metallic cur. ready. But it was es.traoidinary nude ed that England should nut have the saute ell eulatieg mediate with all Auntie be. mile. If the Chancellor of We Eaeltespier was not bistro. meet in the hands of those men, he hat at keen lent them erten:al assistance. No system of finance had Lei u este blished since the peace, not bad any title:opt been M ade re free the cottony front its difficulties. 'fhe stoject of the Chancellor rather Etelteltier was to mace if belies ed that um iiicoute and the expenuiture would lie equalised; and the case was, that he paid oil so much deist with the Sinking Food, mid added as 'noel' to it by the is.ae of Eactirioer Bills.—Hear!—lo the years 18113 and 1617. the ammo of the payer in esti:elation had bear extremely low, aid ttie Chassuellor of tilt Eseliequer, with an air of ti bumph. seemed bt hest !title doubt about paying fill she Four or rise pea Cents. But 9:01,1 atter the Bank et Paiglatiti emit he Cousin y Bricks had increased their circulation, and shit we , tide ,cat emige of the tristuibn . II the situatio of Ilse country welt not (risked at at a ll; and whet would be the rousequelicer should a war break wit Would to Heelfell he coil.; In rya ts i tc. , the opposite side to cotillion! lf, +Owl five, •r at least Tout, )ease of peace, we were still to proceed with this peeer Stein 'tabula enyttiry, let any ( w ith. m a n Icy his baud open his heart, and constrict how dreadful wonld be the cense- Issuances, its war, or eel n an armatneist, were to intervene ! What resource's had we lint paper t what means of stipporting ottrselves, but by one piece of paper piled Nom coo bet The Night Hau. Getitletnau would ask, ho (bond, " t 1 Isere is the 'inconvenience Do you mean to regret that time le ss nu* has attignituted ? that have brio aide by the wale of Fatst listper Bills to reduce the rate of interest?" fir (Mr. 'terueyl would indeed rejoice if i.e tosild per made hosiselt that this boasted toss tate of Itits.teat proceeded fr ranted anal wholcauwe dose ; hut it, uu the root rat!, it was wising to en extras:4l4.sta emission of paper, it use, moist fallacy and &Intim& to 1101.71 Oat lopes mat nests errand ha realiaed. The low fele of lutes est Ili the country .tone fi ens the pace. sive astir of pcio - I, and had led to Cat' . t•a pint thictuatious ins the Foods, t. the (teat a - outlet Lieu of TIM NATIONAL RtGISTER. certain race et men. In Oil the 3 per Cents. had beet, ti t •nol in the course of ei;;ltt months they hail risen to ti t. Ili himself ii 1041 1 ,1 lie sorry that the :) per cen; 4. should he wiiit of by a forced paper circulation. He should call it a fraud upon those who had placed their money in that fund. Tete pinto system could not go on; though he had too doubt that many well ci' the opinion t:•at there was nu need of In. veiling to Cash payments at all. 'Elie obvious course was, the appointment of a Cotentin( e, which would fito Risk ma. t-rials for the consideration of the Rollie. Ile saw to tension against the retain to Cash Payments, es the question related to the currency of the count, y. The forriio loans anu anted only to ill millions at the beginning, v hieh were to he paid nine mouths ; which sem bad been afterwards reduced to l't tniUlata ; the tune exteuileil to Z 7 months ; so that the sans to ha sent out of the country was only 330,009!. per mouth, sal that by private individuals. When the Bane tegan to take steps to pay in Avecht. the Morita had falter, and those fluctuations kad beets prodective of gain to at tail men ; v. bile, otcthe other hand, the losers had bt en those who relied on the declarations of the Goveinuietot. The present Chancellor of the Exchequer called for niurc unlintitsdenn• fidenco than Mr. Pitt bad ever done in the plenitude of his parker. He (11r. Tierney) had offered to exchange miniuns citl plane wills him (A loud latish) but the Itight iionnurable Gentiemau was not to be moved. The (tight lionintratilv . . . . Gentlemen had ppond all e:icimrv, till it had beets item mewled to him by the Directors of the Bank. ne had no tiJlibi that the Bank was prepared to pay in specie ; but its , the motion of the Chancellor of the Lachilitcr, there was a sweeping riall3e cc to other matters, that a l i glht mean any thing or every thing. He himself wily wanted distinct an swers to different points. If the Hoene could stand by him, the Right Hodourable Gentle:lmo would give way, as he had dons ou a former occasion. After the opposition belied given to the motion of his Hon. Fs amtl (Hr. Oredeil), lie had now agreed to all that had been dem:toted. 'flee case of the In come Tan must be fresh in the rerollection of the House, end ilia case would be the same upon the present °erasion, almuld he (14r. T.) have the support of the House, which he thought lie had a right to claim, as all his prediciietta hail moved to he right, and Close of the Chancellor oldie ischequer to be erroneous. He could not believe that the House would ie. jeet his motion, out of compliment to the Chancellor of the Excheiper,whoscohject was to chew his swength in the cow Paeliansent • and a better opportunity could not possible be afforded to new bleinhers, of testifyiug their oevotion to the hliuistens—The situation was, as to the ap pointuat,..it of a Committee. There was no grossed for se crecy as to the general question, TA, with respect to the adw as of the (tank, he should not *ect to a !ferret Com mittee, el) destines %VWr he to come to a good underviamiliug with the Right iton.,orable Chancellor of the Ext•limpier. The Right Honourabie Gentleman concluded his spei ch by inueitig—" That a Cosnaiittee I,e appeiuted to emptily tutu the effects produced su life eat:lungs , in fon igh countries, amid the state of ilia ent ulating ini•dium, by the Restriction en Cash Payments ; and to report wltetlu r any and what reason* exist far conifiluing it hayouil the period our/ heed by law for its tertmoation." Mr. V•rtsetTTART expressed his surprise at the muse which the Right Hen. Gentleman bad taken, who had first gave° a notice of a motion on the state of the Finances. this, however, Me had entirely abandoned on his (Mr. V.) 4ising a notice on the present &object : out even here, as it would appear, from no other reason than for opposition, the Right Hotiourable Gentleman had proposed a mutton Its. is extent than his. The Right Hos. Gentleman had accused Mien:tree of doing nothing towards reducing tail:atom, or the bestilen of the public debt. In cootradietion of this ussertion. he would skew, that in three years from the termittatiou of the war, the people had Yeti' released firma a burden asuosnliug to at least 14,000,0001. of ta•ation: and t'aer:: had also been pant off from IS to z 0 'Militias of tanfooded right. He chat tAiged the Right Hon. 0 mtlentan to contradict this statement if he could, from which it appeared that more had hero dome in these Utter years, than In any other pet iod of peace sines the Revalettou. On the preven► occasion, his object as well as that of• the Right Hors. 0 :attuning, was enquiry sod, as both bid the sane object in view, be trusted they should hut diner maleetady ai to rite mode. He had cm tangy come down to the House on the first day of the Session, and given witire of his intention to propose a short prolongation of the lt••stsicsious eta Cash payareats., and bad not then itieetioned ally enquiry ; end he had refrained from dOing so, thinking that the enquiry would have been better delayed till Dell Seetiteat of Parliament; by which time the confusion luso which the financial system*. not only of flits country, hut of every Gore, meat on the Continent, was throwu would have snbet•ied, and the enquiry been gone into with more advan tage; rod lie should, under that peratiasiou, have proposed a eteastouatiete of the Restrictions till March 1810; but ei•cisns• stances had as eseu-which induced hi• to MUM, wills the Night Hots. Grulteusio, that enquiry was necessary, and lie would go further'. T.. Right Hon. Gentleman only pro posed to regime into the elect which the Restrictions on CAA payments had en the Cochartge. Now he, by his proposition, proposed to go futtherssand 'Attire into the state of the Bats of England. The titst and peuutinent part of the enquiry. as it struck him, was ati enquiry into toe suiti the preparations they had ,sale towards the ruaissaptiUn of Cash Payments, end several other collatetal evermistaiti es. 'these would all be embraced by his motion, will's: the Iti.;ht Hon. Gentleman'► m dion wound exclude therm. The Right Hun. Gentleman roost be ant r, how -1 ever, of the danger of a prattle diselmaire of till the concerto of the Bonk. His motion wools' avoid that tairosivettirove. tie should times fur the appointment of a Committee to entitleee into this ►tats of fht• Batik, rebuilt e to sell u.aitcts eeetricrted with the recumplite° of G•eh Pav incest ; it.:o the experlieue of now iesitoriag such ; nut that the *sid Committers should report to tine House the result of such libraries, as for •as they ct 'aid it 'Mom injury ego the I concerns set the Bank. 'flies woad he his motion, and emild, us he conceived, go fr'rthi r then the Right Halltlll.l - (ieettlesnan'a. Willi respect to the further extenstois of the liestriction't. if 'melt slondsl be teemed eopedient, it would he destrilele That Use resineption of Casts Pavements iheele.tl he so fixed as mat it blit.tild take place at a petted al whirls pelliement virus tritium. 71se Cormiritie would have much to enquire tutu: they would vulture into the stare of the exelnitit:Us, the s tate of ill,. f.l rig's lotus, and many oti,er bolliveln; pomp of t'S hieh it night ler implorer to eimike i .uhilc: rill II Would re•i wris Cmonittee to discrintinote is. tweed is le.t might with sea•rt) s 'lorded to rite 111.1111 e, awl %slag toughs, cmnsiss.•nely with she pootie num est, to be withheld. 'llse Right t lon. Cti•setlemies conciniled totO.in. as au arnenrhoent, that all the woesls in the original Mottos', alter Mess. "that a Cant.hittee be appointed," ghouls/ :cc left not, and the foriowisi° me iteierte I :—" t,,engnit• into the Slott d the Rank o•t C:tglann, Le:bungs, ensi matters cossetted sills the Itessersiptissas of Golf .11A4 the eXpetheasey of taking off the iteidrietrous; ado report the result of viic:t roqiiiries, as tire. the Fasise hr ri purled raiioastellrly with public inieteat i with Unit arse: rations thereon." V. Lams, like every 'who, Measlier in the Hoose.had li•teued with admiration to the cc lit of 91Petilsh of His !Wilt lion. Friend; Out all his as a einvots, however nq, had in an intlaut lieeu usei three u • u:tercit 1), the eliosiceltur of the Esse h, goer: ltat sent e nce was 44 Cr. kIIGV/14:11gIllent that the Batik was 1111 yet prepared to repiiiiie their Cash-ionytociita, auto au entirety that parirareert appoint a eJnoiitter le iii%v,iii ate their tattaiia, one :0 them. BAure Ile eelild cuipirsi ito Ilea call un the part er Wi Bank, he most tee the itiiiik mike Artaie wo.iopi nn it ic „ part. 'DOA they might do he redocinc, to a ern ain cult, tuna paper circiiinteue. and see what ihry wi re oulr tu ila. lie weititi say ti) theei, as J.liiiiri i. tepreariited to ilia seal to the e itzgoner, c lie ealleii 10 assort iu eetting i - it %irrigator' out of a *• Sri y our 1./molders . to we o and exert v.tur Owai at re tigali ; and Ohio, it you cab open n.r. I will help you." tienerii.a.• al ftlll4.y tiptehetcri the p • •nt system or fictitious capital anti nt which 1. el individuals ioto specula:ions 11141 ended iii their ride. lie hOpleteit the 11111 , e to t Omit, es 1... t a. po.xiatir, lit the good old English custom of payment with east:, which, he said, aluue would save the rousitly. Lord CAITLERE•GIt (Wild not but consider Vie present ysestiun as lying iii a very narrow C 01111414%, 411treJli 1 , 411. , 4 were 1101 agreed on going into the ',lawman?. And eisiiiiiry : though lie must say, that sic had apt. d ()pintos with his Right Hun. Ftiet.d, that the RebiliCll6ll. uu Cash-payusesita might, tut obvious reeboii4, have ecesi con tinued fora abort peri•id, without further elopoty. With respect to the Bask, he eosin justice bouod to sue, that they had acted as honourauia corn and good citizens. tete I).rm.t. Ur. hail stated taat they were prepared to i emboss: cabh-pity alitUtil at the time appointed, it ills y might he GI to con duct the affairs of the Book wily with a slew to the inter. at ~of the Bank, and to shut their ears to ail Mr uniliolood $ . 4 ,,- piteati•ato of the -Public. 'T hey said, art she Built ) ern lake care of ourselves, If you eau take Cult of the pulriir , %Welt we cannot undertake to du. This ho iiiiii oleCiartition, us) the pert of the Bank, laid strewn the ucees.ity of* further coutinuatiun of the Restrictions ; and now an inquiry wart shout to take place, prematurely, as he consides est ; an iielisr ;nation more selistecioi y to the public would have been •1i Mined by delaying the enquiry till nett Seionon. The question was, whether, by a presuatme opening of the •Bank, on I re sumption of Cash-payments, commerce should be ruined, and the connuercial world thrown into chaos and confusion. 'The Noble Lord then pi 'weeded to contend, that the trslooptlUll of Cash - wipeouts, is the fitment state of the exchatigei, would entail on our stinnufactirter; a loot of at least 7 and a half per cent. and 'turn the Hank into an exchaege tar Brokei a, sod Jobbers; as oar niminlactio els would have to complete with gold et Ai. 175.6 d. per ounce, instead, as was now the (.A10.1131%1114' to complete with it at 11. 4s. ; and nut a hale of goods would go out of this rumor) but with that loss . upon it. He defended the Batik flout the minim which had liven thrown upon it, of excessive wefts. The Rank of Lug. Laud made no greater ',Yalta on the tuspen•iens of Cash-p.sy. clients than other bunkers did, ill proportion to the airmant of their capital. He had tirViEr witnessed any Interested nowise which hail opetated on the. Directors of the Bank to refrain I ' s um Cash payments whenever the state of the vitektiligps carte such di would admit of their tenoning such paysuritts in a manner beneficial to the public . . For the teUttOos% he had slated, he was of opthiots Cavl,-,,ay means could not at pressesit tar ruSuillell. Mr. Meech Etc entered at •eonsid f w erehle leiugtta :ate a le view u the Pun and Unfounded U. of the eussistry ; the latter of which, he conic:wird, had Iv•elf Allowed to :net rice far beyond what it ought to have dune. hie emiteuded, +hat the resumption of Cash-payments was tireesl4:y ; the fist step towards which wool(' lie to Inuit our I , istutoted I.)et,t, the seat to reduce our taxation, and to 1 esonne Cush tiny. iheuts at once, and nut partially, and then toc e;0•44,,v.,s Wilittil smut return to their oiiginal state. lie wits aware it eight he sa;d, taxation could no be restored. He cress fe;.c.. Int it eland uot be dune; but he was Istisiiibleti, by at rt. change of takes, four millions might he gained. He woo(,1 propose to repeal the vexatious Assessed Taxes, which Isur • theued the tradesman end middling classes, and eurresodrd their houses with Tax.sothesei s, Spies, and Informer, and substitute fur them a Property Tax-- hear, heat!— He ^x.- peeled tins cry I but he would again repeat, repeal the as. *eased 'faxes, which produced Minot 6 millions of vexatious taxes, and substitute, nut an Income, Lint a Property ' .:.'as, which should be paid by the rich, the miser, cad the 44. Istalter, which would produce at least 10 millions. Mr. CANNiNG thought the time ter discussing the propriety of 0 esisming Cash Pay meets had not yet arrived. That question would arise on the Report of the Committee. ems for teat per hid he would reserve himself. lie wes one of t l ia.,e who had Ms ays consider. d the suspension of Cash Pa, meuis cc a depes tine tient the Constitotion of the emintry I and iv as, with those wYu sat near him, anxious to rem ii, as soon as passible to the old eenblitntnnuil mode ; and pen as late as the Meath Of October last, his Mojecite's GOVC:11.11.111 COW' titleittly aalleipated the rchotliptioa of C.,sch Paymciits et the appotuted time. They however, Asisud it weaid he isepoaei tile amid it was tusiteinplaieti to ropose a continuation till 1810, with a full determination, however, nut to propose ally inrtber pi ulorseat ion of illr periusl,if such should he found in/fester:, without the fullest previous ensprii y. Is tins stale of things the Right Hon. Gesitelisian gave his 110 tier, 411LI•oh ,, eqath. to Visit not et the Bank nisde ' , itch a etill , ultilteati. , a tes the Cliance.sor of the Exchequer; as determined kris rune to propose au •tiquiry t e nts comnundeation, and no the suttee of the Right Hoot. tient., had does mired his Majs a y's Government to cha.sge its course. He reserved to ktedsclr 'city thither argument until 111011 ill‘OrNiatioa *tumid be laid before dra !Lobe, mini then he windil enter irito it with all posiaiiir militheic. Mr. MAtiNiNU tight, thi% we. a grist national question, sr:lh which ;Ise Beek hail nothing 1.... . lit ilir cum,. of a s „y *Mist time there hod hero a reductiou to the issue of fiaos notes, of sin less titan three issii.sno., in iNclurr...ol.;:ton.„:t.i.;:.,rinogistteilleislet:ii,millimmtittl,ietronsit of Hseik UO.lll of 1818 was giraier Ursa fur the sance_period in any yeas since 11: s7 . Mi . . Astlernsan Het GATI4 tilt/N.lll it liiii:w• "ill of Mir i”1 . iII intent s vi, ci a rhanar in this lion hen exeliatiers ; ai;el ate i•raiveJ she Oiler tors of the lire& fin the math Immo in ei:ecia tiwy 11.14 excited um , ...0...... , it0ti potver.,ll4 * .itit s -I',cot JI) lost ilot 1111011 ih. - 111 to ii VI. H. was i rivals& it Mb I 4 CM w Oit( 4 e was Its lir :appointed, lay NS hid; 40 e... 1 aon ti 40 pot to the 11,01,1 and ilocttlainty s Web pis:sidled through. i alit the co.iotr) °milli , gs eat i.stltiect. (l'or e e rvnabidcr of A: Frri‘..i.se:cry. set * Sisilt P. ve .