The Statesman. — London, England, 1823-05-03 00:00:00

- . -- 7 - ty etwo z - Tutivot2z-‘;‹244iudutia ~!' Per ~~ :- v, ~~,~ ~~~~~ e Ztat I lost pi. ve' • esman. . 7.: , 1g - NUMBER 5662 MR. HAYDON'S GREAT PICTURE of LAZA. RUS, which has been nearly three years on the Easel, HI NOW OPEN, at the ./Ecyptlan-Hall, Picca dilly. Ground floor to the right.—Admittanee Is. Cato lopes ad. IIHE PICTURE of the TRIAL of the late QUEEN, by Mr. HEORGE HAYTER, Member of the Academy of St. Luke, in Rome, dtc• dtc.—Mr. T. H. CAUTY respectfully notifies, that having paid a large sum of money for the right to exhibit this GREAT HISTORICAL PIC TURE. ehesame is now OPEN to the Public at his Rooms, t 404, Pall-mall, from Ten till dusk. Admittance, One Shil ling. As the limits of ad Advertisement preieotao adequate descriptioa being given of this extraordinary Picture, it will here be simply stated, that it contains upwards of 300 figures, of which ISO are Portraits. those Princes of the Royal Family, and every Peer and Person of distinction in the Pieture having sat to Mr. Ilayter, whose rank as a Por trait Painter will, It is trusted, excite public curiosity to wards the Exhibition. ATLAS ASSURANCE COMPANY, OR • LONDON. I Instituted 1908, and empowered by an Aet of Parliament of the 3dOeo. Capital—Zl,4oo,ooo. FIRE DEPARTMENT.—RETURNS TO THE ASSURED.—Persons assured with this Company from loss by Fire, whose Policies for £3OO and upwards have been in force for five years, ending at Christmas 1922, may recei►e on and after the libth instant, at the Office in Clieapside on the London Policies, and of the several Agents in the Country on the Policies effected in their respective Agencies, a Return of TWENTY-FIVE per Cent. on the amount of the Premiums paid for such period of five years, agreeably to the system of this Office, as fully explained in the Office Proposals. RENEWALS.—Receipts for the renewal of Policies due at Lady-day are now ready for delivery at the Office in Lon don and ity the Country Agents, and should be taken up within 13 days thereafter. NEW POLICIES.—New Assurances may be effected at any time according to the printed Proposals of the Company, and no charge Is made for Policies when the sum assured •mounts t 3 1300. RENT.—An allowance is made for the loss of Rent of Buildings rendered untenentable by Fire. LIFE DEPARTMENT. ADDITIONS TO POLICIES.—Persons assured for the whole term of Life, will have an addition made to their Poll cies every seventh year, on the principle so beneficially practised till lately at the Equitable Assurance Office ; or the amount thereof may be applied in reduction of the future payments of Premium. Policies may also be effected for the whole term of Life, by a limited number of yearly payments. Tickets appli cable to this mode oTAssurant.e may be obtained at this Of fice. SEA RlSK.—This Company allows certain passages by Sea in decked vessels, without extra Premiunk as set forth in the Conditions of the Office Proposals. Proposals fel!) , explanatory of the principles and rates of the Company, may be hid at the principal office in Cheap side, London, and of the several Agents in the Country. HENRY DESROROUGH. Jun. Secretary. Cbeapside, London, 19th March, 1823. .T WENTY-FIVE per CENT.4AVING in GENTI.II- M EN'S CLOTHES.--). ALBERT, Woollen. draper. Tailor anal Habit-maker, 67, Flith-straist4lll, saves doer from the Monument, sews redrposalelky iivisalato ali• 1 Nobility and Gentlemen of Fashion, that he manufactures every description of woollen goods, warranted in point of fashion, quality, &c. equal to any house at the west end of the town. He entreats a comparison, which will at once convince the most credulous that at no boas. of character in the r ctropolis can they be served upon such low terms as at 42, Fish-street-hill. The extravagant charge of those who are necessitated to take and glve.long credit has been the subject of complaint for many years.—J. Amstar, con ducting his business upon a ready money principle, is en shied to sell for less money than other houses purchase their goods for. Gentlemen's elegant superdne Sazony wool black or blue coats, made in the first style, from 3Z. 3s. to 3/, 132.; gentlemen's super. ditto, 38s. to 485.; doubled milled kerseythere breeches, from lBe. to 485.; black and buff kerseymere waistcoat., from les. to 14s. ; fancy waist coats new patterns, from 7s. to 125.; fashionable trowaers, from Itts. to 30s. ; ladies' and gentlemen's box coats, with capes, el. 102. to 64 ; a suit of plain livery, 41. A largo and fuhionable assortment of gentlemen's and boys' clothes of every d;scriptlon constant.y on sale, at J. Albert's, 47, Fish street.hill. Army, Navy. India Company's Officers, and Merchants' orders executed with despatch, and a liberal discount for reedy money. Boat, riding, or driving cloaks, and box coats in great variety.-47, Fish-street-hill. VREASE'S CIIEAP PAINTS. THE following much approved Cheap PAINTS are manufactured by JAMES CREASE and SON, AY, West Smithfield, London. URA, TAR PAINT, of a chocolate colour, in a state ready for use, and requiring no heat, adapted for coarse oat-door work, in'casks of 3cwt. at 16s. per cwt. or of 1121 b. at ed. per lb., end of 721 b. and 401 b. at 21d. per pound. Cnearisr OIL PAINT, of a russet colour, ready for use, (Oot tat) and eequiflug nb addition of oil ; for common out door work, where the smell of tar is objectionable, in tasks of 112th. sad 561 b. each, at 4d. per pound. CRIAP °REIN PAINTS.—The common Invisible Green, . No. 1, at 365. per cwt. The beet Ditto, Ditto. No. 2, at 413 a. ditto, in casks of 1121 b. 561 b. and 281 b. each, in a stiff state ; requiring eight gallons of drying oil to the hundred weight, to thin them for use. These paints may also be had, mixed with the 011, and ready for use, In jars of 71b. and upwards, at 6d. and 7d. per lb. A NEAT OLIVE ORMAN, No. 1, at 9d. per lb. A Good Ditto, Ditto, No. 2, at Is. ditto. A superior Ditto, Ditto, No. 3, at Is. dd. ditto, iu a stiff state, with six gallons of drying oil to the hundred weight; or ready for use, in jars a 21b. and upwards, at the aerospace. POMONA GREEN, at la. 6d. per lb. Roman Green, at Is. lid. do. &zoo Green, at 2s. do. Spanish Olive, at 2s. OIL 40. Patent Grass Green at Sr. do. ; in a state ready for is injure of 11b. and upwards. These colours may be had in powder, at the same price. Javan GaseN, a beautiful colour In varnish, for Vene tian Blinds, feeders, flower-bakets, die. ate. in bottles at la. 3d., 3s. 64., and Ss. each, or in jars of 41b. and up ward. at 11.9 d. per pound. &Turco Gagne, an elegant pea-green for in-door work, P• Ws of rooms. staircases, Ac. at Qs. per pound, in jars lb, and upwards ; and in powder at the same price. / N.B. All the above Paints are sold with printed direc tions. 4 4 1 RILADT•PIRPARRIA PAIINTS of every kind, properly mined for 10-door sad out-door work. White Paint of the very best quality at led. per lb. Other colours in proportion. AILOIATIC PAINTS, for delicate in-door purposes, free I from offensive smell; dead White at ls. per lb. Other co• lass lo proportion. Goosing White Lead, and Oils, Colours, and Varnishes of ivory description. Investments of these articles properly satisfied lad packed for exportation. Patterns of the Greens, and detailed lists of the Colours toll 'llisithleldVandalise. may be seas at the Manufactory, 63, West , London. DR. EADY re•pectfully calls the attention of those afflicted, to his peculiar and effectual method of !Vt. %ad although be will not preen ate to pledge Infallibility nem description of ease, yet as far as human aid, assist eelty medical and surgical experience can be applied, he Wadies a speedy sad permanent restoratlon.•--Dr. E. is "allied daily at No. SIX Dean-strest, Soho, by patients of both sexes. Ceeatry letters meet respectable attention by Men of second post. LONDON, SATURDAY, MAY 3, 1823. " Cause for which 11411PDEN fell in the Field, aad SYDNEY died on the Scaffold!" SCOTTISH HOSPITAL OF THE FOUNDATION OF KING CHARLES THE SECOND. NOTICE is hereby given, that the ANNUAL SPRING FESTIVAL of this Charity will be held in the Freemasons' Tavern, Great Queen Street, os Saturday next, the 10th lost. His Royal Highness Use DUKE of CLARENCE, President, in the Chair. STIVIA The Earl of Errol H. H. Drummond, Esq. M.P. Lord Fincestie Hen. W. Fraser, Treasurer Lord Gleocorchy . Maj. G en. Macleod Hon. J. Abercromby Tao Rev. Dr. Macleod Grant Allen, Esq. M.P. John Maxwell, Esq., junr. Sir Frederick Baker, Bart. of Pollock, M. P. John %Mumma, Esq. of Air- M. Stewart Nicholson, Esq. docb, M. P. of Carnoch. Archibald CampbeKr Esq.eof John Pringle, Esq. of Clifton Blythaswood, M.P. and the Halning. Tickets Vs. each to be bad of the Stewards, the Trea surer, and Secretary, and at the Tavern. ROB. AULD, Secretary. JAW LIFE ASSURANCE SOCIETY. AGENERAL MEETING of Proprietors will be held at New Furnival's Inn Hall, Holborn, on Thursday the Sth day of May inst. at eleven for twelve o'clock at noon, for the purpose of finally approving and settling the Rules and Regulations of the Society, and tran sacting such other business as may then be necessary. By order, JAMAS ANDERTON, Secretary (pro. tem.) to the Committee. CONO3IY IN DRESS.—CHARLE.S and CO. E TAILORS and BREECHES MAKERS, No. 181, FLEET-STREET, two doors west of Fetter-lane, respect folly inform Noblemen and Gentlemen, they can have a Fashionable Cut and well-made Coal, of the best superfine Cloth, made to measure, from 21. 12a. ad. to 31. 3s. Blue or Black Ditto. 21. lbs. to Si. 13s. ad. Submit Coat 21. Ws. —Ditto, Silk Facings and Velvet Collar, W. ffs. to W. las. —Kerseyiaere or Cloth Trowsers, 21s. to 303. Suit of Li very, complete, 41. 4s. to 41. 10s. Box, Chaise, and Fa shionable Driving Coats; Visiting and Travelling Cloaks, Shooting Jackets, Young Gentlemen's Suiti and Children's Dresses, elegantly made. C. and Co. conducting their business on ready money principles, are enabled to offer these articles at the above low prices. Quality and workmanship not to be excelled by any house at the west end ; each oracle being made under their immediate inspection. Gentlemen waited upon at their own houses; by direct ing letters, post-paid. Observe the number is 181, Fleet street. EQUITABLE ADJUSTMENT. HOUSE OP LORDS, MAY 1, 19211. Lord Stanhope presented the following Petition of C. A. Thomson, Esq. which was read by the Clerk to the Right Honourable the Lords Spiritual and Temporal of the United 'Kingdom of Great Britain and Ireland, in Parliament assembled: Tat PETITION OF CHARLES ANDREW THOMSON. OP CHIS WICK, IN THE COVNTY MIDDLESEX. _ _ Most humbly showeth,—That your Petitioner has, for many years past, paid large sums of money, out of the pro duce of his industry, for the support of the Government and laws of the Country ; that he has always been taught to be lieve, the. In return for this support, he had a right to ex pect from the Government and Laws protection In the right ly enjoyment of his property ; bat that he has. by that Go vernment and by those Laws, been despoiled of his proper ty, and that, from a state of opulence, he has, by the unjust elects and irresistible force of Acts of Parliament, been reduced to a state of ruin and bankruptcy. That your Petitioner , imputes no intentional wrong-ooing to your Honourable House or to any branch of the Govern ment ; that to err is not criminal ; that It is not given to man to be free from error ; that from error wrong may in nocently be committed ; and that of that obstinate perse verance in error, which converts unintentional wrong into premeditated injustice, your Petitioner confidently hopes that he is not doomed to witness an instance in the conduct of you Honourable House. That your Honourable House has not now to be inform ed of the mighty mischiefs resulting from the measures for returning to Cash Payments, unaccompanied as they un happily were with measures for rectifying contracts ; that the cries of thousands upo.: thousands of families, sudenly plunged into penury and want, from a state of ease and of plenty, cannot fail to have reached the ears and to have awakened the compassion of your Honeurthle House • but that, amongst the thousands upon thousands of suf ferers, your Petitioner believes, that the case of a few can exceed, in hardship and injustice, that to which be now most earnestly begs the attention of your Honourable House. . _ . That your Petitioner and his Father (now deceased) were • Oporto merchants for thirty years, and in the most ex tensive trade ; that, In this trade, and in that of wine merchant, in which your Petitioner's Father had been for many years previous to those thirty, they gained a large for tune • and that in 1811 and 1812 they, with a part of th eir capital, made divers purchases of Land. That they purchased the Estate of Northaw, in Hertford shire, for which they paid, in ready money, 02,00 W. ; on which estate they built two excellent new houses and six cottages, and broke up 200 acres of land, which they brought into a state of fine cultivation ; that the whole of these ita provemeets cost them 10,01.001.; and that the estate, therefore, has cost them 72,0001. Tustin 1812 your Petitioner and his Father bargained for the estate of Pontrylas. in Herefordshire. for 00.0001., the proprietor of which estate was John Ashfordby Trenchard, Doctor of Divinity, of Highworth in the county of Wilts, and paid 6,635/. as a deposit ; that the Title was by the law adviser of your Petitioner deemed not good, and that your Petitioner accordingly refused to complete the purchase, and brought an action for the deposit ; that the vender ap plied to the Court of Chancery to stop tne action ; that the question remained undecided in that Court until 1819, during which time your Petitioner bad not the power to sell the Es tate ; that at the mid of that period the Vie. Chancellor de cided against your Petitioner ; that there was then due to I Trenchard for purchase money and interest thereon. 71 9371. 19s. 6d. and from Treochard to your Petitioner for rents received 8,8391. Is. 9d. making a balance against your Peti tioner of 63,1181. 17s. Bd. That in the mean time your Petitioner had experienced great reverses in his commercial affairs, in consequence of the same all-ruinous cause, and, beteg unable to pay the sum of 03,1181. 17s. 811„ rave tOTrionehard a mortgage for 86,0001. oaths estates of Pontrylas and Northaw. That between the year 1819, when the Chancery suit waa• decided, and July 1921, your Petitioner paid in part et Illjat debt of 86,0001, the sum of 3,1)001. ; and 8,9001. Waist SIN the same up to July 1921. That on the decision of the Chancery suit your Peti tioner was put into possession of the Estate, and continued in possession until he became bankrupt; during which time yOar Petitioner received, on account of rent and timber, 3,4101. That In July 1821 your Petitioner offered the two Estates for sale, but could not obtain for them a price at all equal to his expectations or the amount of the sum for which they wen mortgaged. That in October 1821 your Petitioner became a Bank rupt. That Trenchard thereon took the proper and legal steps to retain the profits of the estate, and has since given notice of fore-closing t he mortgage. what thus your Petitioner has actually paid to Trenchard 18,6361. while he has received from the estate 3,4101. and is in danger of losing both this estate and his estate at Northaw, which cost your Petitioner 72.000/. That, on the other hand, Dr. Trenchard has received in cash from your Petitioner 18,3361.; together with the whole rests of the estate trout the time of sale up to the year 1819; and that he has now applied to the assignees of your Petitioner ter leave to take the two estates, together with all Amara of rent, which are due from February 1819 (and whit'', together with timber felled, your Petitioner esti mates at about 3,30(1.) in lieu of the debt of 60,0001. That the Assignees of your Petitioner are now praying the Court of Chancery to agree to the above proposal, and that if the prayer should be granted, Trenchard will have received the whole rents and profit of the estate except for two years. and 1,4701. for timber; that be will have been paid 18,333/, by your -Petitioner ; and that in addition to his own estate be will have acquired the estate of Northaw, which cost your Petitioner 72,000/. That your Petitioner and his deceased Father purchased other estates, in 1811. in the counties of Middlesex, Essex, and Hants, for 33,1661. which hitse now been actually sold for 12,0001.; that your Petitioner and his Father, owing to the depression in the price of land, and to a like depression in that of their stock in trade, were in 1221 reduced to a state of bankruptcy ; that seven children of your Petitioner, ten children of his Brother ' and seven children of his Sister, will now be left wholly destitute, while your Petitioner's Father, with a heart broken by these calamities, died in the year 1822. It is to prevent this act of crying injustice and cruelty that your Petitioner Nimbly implores your Honourable , House to interpose the exercise of that Power which you possess, for the impose of protecting his Majesty's people against oppression. Your Petitioner thinks it wholly un necessary to take up the time of your Honourable House in chewing, that this threatened confiscation of his proper ty has risen wholly from those Legislative measures which have produced that change in the value of money, which bas taken two-thirds from the price of Agricultural produce, and which has, of course, lessened in the same degree the price of land. His case is so plain that it cannot be mis understood; and, therefore, begging leave to remind your Honourable House of the Bank-Suspension Act in 1797, of the Suspension of Actions against the non-resident Clergy in 1800 (which action were afterwards quashed by an Act of your Honourable House), and of the suspension of the Landlord's power of distress against Tenants, In 1812: your Petitioner begging leave to remind your onourable House of these precedents, most humbly prays your Ho nourable House to suspend the power by which the Mort gages above-mentioned may be enabled to take from him his Estate; and he further prays your Honourable House, to cause such equitable adjustment of contracts between man and man, as say prevent the atter ruin of your Pe titioner, and of the numerous persons dependent for their bread on his pecuniary mesas. And your Petitioner will ever pray. CHARLES ANDREW THOMSON. Lord STANHOPE then rose and addressed their Lord ships nearly as follows :—" My Lords, the Petition which has just been read, brings under your consideration a sub ject of very general iitterest and extreme importance—it is that subject °requitable adjustment which has been so much misunderstood by some, and has been by others so much misapplied. An equitable adjustment is a phrase which of itself implies an adjustment upon principles of right, a true, clear, and undeniable consequence of that natural and im mutable state of affairs, without which, although obedience to human laws, may be enforced, those laws cannot com mand respect. It is evident that If the Government .of a country alter the value of its currency, it ought is the same proportion, to alter the value of contracts made antecedent to such a regulation. By the introduction of the Sank Re striction Bill in 1807, the value of the currency was rendered what it was not before, and such has proved to be the case not only with respect to gold, but by that which affords a much more accurate criterion, namely, by the value of ma nufactures and commerce. With respect to gold, it must be recollected that it cannot beunderstood as a standard value, except when it is used for purposes of Government. For a few years, gold became itself depreciated to a great extent, in the same manner as paper when compared with gold ; it has been stated that nothing can be more futile or more fallacious than an attempt to measure the market price of gold by the depreciation of currency at different periods ; that argument may suit those whose endeavour is to prevent the matter being viewed in its true light. As the value of the currency, however, has been very different at various pe riods, it is requisite for the sake of justice, to pursue the principles of equitable adjustment, so that, each contract should be rectified or adjusted, according to the real origi nal value the commodity bore at the period when it was con tracted for. This Is another principle of equitable adjust ment, which is essentially different from all those propo sals which we have beard of, for the purpose of altering the standard, inasmuch as it would affect all contracts in the same proportion ; for, by such an equitable adjustment as allude to, each contract would be restored to its va lue at the time the parties contracted. Such are the princi ples that 1 conceive ought to regulate an equitable adjust meat; than which none can be more just—none can be more necessary,-1 will not merely say, for the safety and well being, but even for the existence of the country. The object of my proposition, as to au equitable adjustment, Is I to rectify and to regulate, to their original value, all con tracts made since the restriction of cash payments in the year 1807, and previous to the restoration of cash payments in 1819; the effect of that would be to do justice to all par ties contracting, to correct all the grievances that now ex- ist, and to place all the parties interested, in the same situ ation as they were in at the time when those contracts' were entered into. Such being the means of remedying the evil, and such the nature and object of an equitable inkjest went, I should be surprised at the calumnies that have been heaped epos it front various quarters, were I not convinced that wilful and base representations have been made upon the subject, by those who are perhaps interested in the conti nuance of that iniquity, which it is the object of the proposers of an equitable adjustment to prevent. It was, however, with great astonishment that 1 heard, the other night, this measure stigmatized as being revolutionary, on a petition presented by a Noble Lord, not now present, which Peti tion proceeded from the county of Hereford, and also pray ed for an equitable adjustment. When we talk of proposi tions being revolutionary, I should tike to know what can be more revolutionary, or more destructive to regular Govern ment and good order, than that which has the effect of revo lutionizing the value of property 1 What can be more ler rific than that, when done under the sanction of law? I would beg to quote the words of that admirable Petition, which the Noble Lord presented from the county of Here ford, in which this country is said to he goverAed by a vio lent aristocracy, and proceeding -gradually towar.ts revolu tion. Can your Lordships suppose that such a revolution can be consummated without experiencing the effects of, I will not merely say a change, but a total destruction to the Constitution, and without producing evils which no wee has anticipated. I retort the charge of revolutionary mutes lions upon those who have so used it, and who attempt to calumniate the measure with such epithets, but with which they in vain attempt to stigmatise it; I would wish them to use arguments Instead of abuse. We have heard it lately asserted that a systed of equitable adjustment would pr v- PRICE SEVEN PENCE. duce dreadful confusion; it is the first time tl at I ever heal* such an argument used against obtaini g justice, to prevent the continuance of spoliation, and to aver t the most destructive state of circumstances to individuals SA well as to society in general. It never was proposed by any man, that in following up the principles of equitable adjust ment, we were to strike at the foundation of property, to discover who were the original holders. It is clear that every holder of a contract, whether by purchase or other wise, is the same as the original holder; he not only pos sesses the same rights, but must submit also to the same on ligations. That this is the principle of equitable adjustment is not a discovery that is new ; but I should consider that Sr being •no valid objection to it, if it were, I should refer your Lordshipeto au Act of Parliament, painted in Scotland in the 3d Parliament of James 111., for the purer se of settles r equitably all debts and contracts then subsisting; that Act differs from the Acts of our days, as It is very short ; it states in the preamble, that whatever contract may have been made for money, it is for the good of the remin, that the same should be settled equitably, according to the value of the currency; it then enacts that all debtors Who owe any debts upon contracts, may be allowed to pay the same, ac cording to the sum and substance of what was intended h-- tween the parties at the time of making their contract. Now, my Lorts, you here seethe principle of an equitable adjust ment measured out in Scotland In former times, by the a.- thority of an Act of Parliament; and, if I be correctly in formed, the same princ'ple has been established in this coun try by the decision of a Court of Law. I don't know the names of the parties in that case, but I base no doubt they are familiar to my Noble and Learned friend upon the Woolsack. It was, I believe, a case which occurred towards the end of Queen Elizabeth's reign. with respect to a person who, having made his will at the close of that reign, and (as a great alteration had taken place in the value of the currency at that period,) his execetors en tertained a doubt as to ; how to settle the Testator's affairs, on account of the ruinous obligations they found imposed upon them by that will ; a question was therefore agitated as to whether that Testator understood that the payments . were to be made at the valuation of the currency at the corn meacement of the reign, or according to that .aloe which existed at the time the will was executed ? The Court de cided that inasmuch as the wordeof the will," I give and bequeath such and such sums, to be paid to certain persons named, according to the valuation of the currency." it was thought that those wbrds were to be understood as being ap plicable to the general value of the currency at the time thu payments were to be made. Here again your Lordships see the effect of an equitable adjustment acted upon in Courts of Law. Besides that, if we look to the example of other countries, I need only refer your Lordships to the conduct of the Emperor of Austria, and for which conduct, I darn say, the :Government of that country cannot be railed, in any respect, revolutionary ; en that country the present Em peror having made considerable alterations in his currency, issued an edict to all the Magistrates within his dominions, forbidding them, under the severest penalties, to open it be fore a certain day; and desiring them, at the same time, when that day came, to give it all possible publicity. Wbeo that edict was opened, it was found to contain a scale for the payment of debts, and direct:ng all debts constituted by contracts previously obtained, to be paid according to that scale. It is also singular that the same country, Aus tria, should exhibit an example, not only of the sort of equitable adjustment here proposed, but also a measure similar in its nature to that Bill, which has lately passed in this country, commonly called Mr. Peel's Rill. Be that as it may, however, it Is certain that the paper currency of Aus tria has from time to time fluctuates'. from 140 to 030 in paper, as compared with 100 in shyer. The Emperor, determined to ascertain the proportion between paper and silver whirl was settled at that time, and it was ascertained that it af forded no more • just criterion of the value of silver in that country, than what are called the market-price of gold it this country. The Emperor directed, as in this country, that the debts should be paid in silver, according to taut ratio which he then established, and that system was be gun in that country, having been occasioned by similar causes as have existed in this. At that time the most griev ous and intolerable inequality of payments prevailed in that country, and, as in this, the disproportionate value of pay ments was monstrous. Such a system as formerly prevail ed in Austria, as to the pay meut of debts, was in the result, a source of extreme dissatisfaction and discontent through out the whole of the Emperor's Dominions. Having trou bled your Lordships, at this length, upon the general prin ciples of this measure—principles which have been so u:.- justly calumniated, allow me to apply those principles to the case of this Petitioner.—His case is this—that he is in dan ger of losing two Estates which were bought by him in the year ISI I for 132,0001. ; he is in danger of being dispossess ed and deprived of those Estates by the foreclosure of a deed of Mortgage for 00,0001., being leas than one-half of the value of the Estates upon which that Mortgage was granted." His Lordship then entered into an elucidation of the losses sustained by the Petitioner, founded upon the statement in the Petition, and also stated various other si milar cases W' hardship which had come within his know ledge, as arising from the depreciation of landed property. lie mentioned one instance, iu Herefordshire, where an Es tate was sold for o,ooo'. some years ago, and which had been repurchased by the original proprietor for 0,00*.V. —He should ask their Lordships if it were possi ble to state any thing more strong and energetic to 'thew the cruelty and hardship which this Petitioner and others in &similar situation were under the necessity of enduring on account of the injustice arising from the incon ceivably great reduction in the value of property, withoio any alteration being made in the value of the curreocy.— Those evils could only he remedied by an equitable adjust ment, and until that system, which he now proposed, were adopted, the evils complained of could not be remedied : i A duty to their country, their Lordships were bound to pre vent the mortgagee under such circumstances executing foreclosure. His Lordship also mentioned the case co a person whose income had been reduced from 60,01)01. a year, to 30,000/. a-year • with the same annuities of 21,000/. a-year to pay out of 30, 0001. a-y ear, which he had to pay out oft:10,000/. a-year ; he was well aware that 10,001)/. a - year was quite enough for any man, but he only mentioned it to anew the proportionate hardship which was indicted by the state of the currency upon landed proprietors ; no man could willingly submit to be thus dispossessed of hie property, nor have it swallowed up or transferred into other hands. In order to pay claims established upon former contracts, many were under the necessity of disposing of twice the quantity of produce compared with the value of the property when those contracts were entered into. Ile asked for justice being done to the public debtors—he asked for justice being done to the suffei log people of this coun try—he asked for justice iu redress of grievances, such as those which even Ruonaparte in the plenitude of his power would not have allowed to exist. Unless those grievances were speedily redressed, we might expect that the country would be overwhelmed in ruin, or, at least, involved in con vulsions which no man would desire to see, and which, per haps, none have apprehended as likely to arise from such a cause. He called upon their Lordships to arrest the pro gress of such consequences : but such was the state of the affairs, that those grievances met them in every step.— Should we ever again have occasion to revert to the ques- I of peace or war, he should ask their Lordships how they could be prepared to go to war, even if menaced by some danger or distress under such a state of circulostences The sinews of war were money, and he should ask whether they could expect to raise sediment funds, if the landed proprietors of the country were so impoverished 7 He trusted, however, that the sinews of war did not merely consist in money, but in that unconquerable will and courage which would never stannic nor yield.— Even in that ease, he would ask how they could expect that unconquerable will and courage, to be minced by a population, oppressed as it Was by the mea sures of Government. No wonder, that the people were distressed, discontented. and disaffected, by the continuance of evils in a system of Government.. which Witted to ren- I der them desperate. Unless the Government were disposed •to si-lc the emery into a st::e far more base and abject • GRAND LAST DAY, REIT THURSDAY. & J. SIVEWRIUHT bt.g to inform the Public *JP • that the Tickets and Shares of the present Lottery are ea Sale, Warranted Undrawn, at their Fortunate Offices, 37, Cornhill ; 11, Holborn ; 88, Haymarket, Corner of Coventry-street. Nazi Thursday, May Bth, is the Last and Only Day of Drawiug. The Wheal contains 2.... 0f..... £20,000 4. ..0f..... £6OO S ..1,0001 16 200 besides numerous other Prises of 1001. 510. 951. Ike.; the whole of which must be drain the Bth May. J. &J. Siva- wawa? sold Seven Capital Prises. In Shares, the First Day wf the Preseat. alma N 0.1.467, a Prize of 141.01113 I. the Last Lottery. and No. 14,315, a Prize of 10,000, besides many other Capitals, in January last. !11. 10 be" 'ti• !ret" I` •