The Statesman. — London, England, 1819-05-10 00:00:00

To TYE EDI7VR OFT os STATESMAN. Sta,—l have welted for sent one, better able than myself, ...advocate the cameo( the People, it ;vomit. no still. I have determined en aaderteking it myself. I endemism! sot that Nice discriminating faculty, which •sot,. ow n possess, of uniting the means of edify with the refinifteS of d es pai r ; en d hots the cold. P hlegmetic blood that curdles its the veins of sot,• or e, who condemn that which they base net. they spied ea resolution monagto to ',tempt. If, therefore, you see willing to follow that line of can. duct which every wise and good men should pursue —if you are not broad of fine, or even imprison e meat, fa defence of the rights of the Nation, you may emceed in being a WOONTALL, HMO I have nut oho abilities of • dooms. I bare stalked the, spirit, which, indeed of rousing us to resistance, Is enervating the best ficelties of ear mind•, still gain. h o g ground on this Molina. I will endeavour In rouse my countrymen against it. It is the listless a pathy el I;dileeesce which is stealing upon a that I complain of. It Is the feeling which some mew cherish, that they Jim yet liberty enough ; a fe•llmg which stay be fatal I. the noblest gift of oar 111CIPSIOSS--1 yet free CONSTITUTION. D• my cottage's think that the shameful pee. stitedim of the late Parliament may not be followed by amither? And will they, treacherously to them. H i m , sage one man to complete the rein of a second casmiry ? Do they conceive their caws de. operate; and will they give it op in despair? lii. deed, if t►ey be sunk into a fatal lethargy—if they will yet timely safer theism. wastefill •tt pa., the some contempt fur public feeling to prevail, the nom of freedoms is lost for ever ! But if they yet maintain an interest in the true and honnoroble welfare of their eaantry.—if, instead of qownoling beneath arcomulated insults, they are determined to transmit to their puss•rity naimpaired the Conti. Winn of their assetstori, they will, at last, by • steady saanimons perseverance, obtain a Reforms ire Parliament--1 mesa the shortening dm durmast of that body. All points of amendment, till that he obtained, o.'.o&til be considered as vain or useless ; Is has been, 1111.1, 3% now constitosed, ever will be, the fooodation al th... , oleo. influesoco of the crown. The miserably palliatives, sus t.ie more wrestled •spedienta which Ministers bare bri.c,„st forward, in I order to justify the wasteful rapenditere of lb. pub. lic money, would excite the 'lntl• of COMMIT( ' sere we not so deeply interested in the subject. You, my Lord CASTLEISEAOII, are one of these Ministers. What, is God's ante, are your taboos brynooll the pompous parade of a studied speech so 't •e House of Commons? Whet bene6ta have you conferred on this country, that should entitle you to maintain this dominevoii•g insolence of conduce? To the People of the Sister Kingdom,;.erhs ps,where your mime Is venerated aid respected, you may plead the emit of having betrayed them; and I doubt not, that if you ratite thither you will meet with the vecnenpence you deserve. 'l•he merits of your character have lone ceased to he as object of enquiry. Dot let us see how far your adherents are justified in their powegyeic on year political capacity. Let me ask yourself, my Lord, what instance of skilful policy you coo ad. dace is merit soda encomiums ? Tuts with me to maids America—how are we situated there? Instead of camels Is log those People—instead of erodeavoariag, by every memos is oar pow's, to hash oar metal eel. asosioies—to hat has been our policy ? We have ir. Owed them still father against us, and though fear. ad yet Op ur• detested by them. That this nation is only waiting for another Powe► to declare war against us. will, too doubt (wit► their usual uohiushi• g imprudence), be denied by your partisans: yet every malt who het paid the slightest monition to the sets of ask Legislature. will con vince himself of the fact—he will perceive the mali4- nant teeliiiri which has been engendered mn.ing the , • , mid *Lich will soon or lets bare forth into a dam.. W s.ao lissome lossbeets passed at home? Have not th. characters of the men who stood oat for the iota's' of the patios been aniforialy blacktmed and to ? Leal at Lord COCHRANE—I mean n•.t i i so 'rely to ja•tify his Lordship's conduct—yet a moo dieadfol system of permeation never was put , said against any man. Yoe have forced this bravo, this truly unfortunate mass, to Imre, as an exile, his country—bin frailties, give thew the name of vices, have been mods the pretext for crashing Ida for ever. You hate seeclded in parr, bat you shall never s separate from him the warmest wishes of a nation, !. who are wilily( to protect the man such a Minister • has peisecused. One hoary headed doom bath escaped me—he was jet in time, for I would have . str►tc►ed iny faculties to the utmost verge, to have rendered the last moments of his life 11/ miserable as N , they wet. contemptible. Ile too wits geortonateiy employed in enlarging the Emotive Authority at the 'stance of the People; and he was held in she . 'sal• estimation as year Lordship. I wish not to s to passe him beyond the grave—l •ill drop Ile sob '. ject. Does this nation wait for some nsomentoes oh s% feet to fit their @dentine? Do they wail till the •i.bt of Election, or the Trial by 'dry, be attacked? N The miiiiele,s will do neither ; the steps of the cool deliberate 'Maim ere cautious and slow, the road In ' absolute power is not through sadden innovation—t►e • sorer method is by rendering the Pohlic indifferent to 1 theca es. a i heir supporters, and by anthill every Olkft that dales to arise in their defence. When personal o• feeling shall have faded Away, wh►n nothing shall remain eve, for revenge to brood ove►, and whets the memory of these mew will meet with the obloquy It deserves, posterity will ;empty credit the wretched venality of the late Parliament--they had gone lengths indeed. Not contented with repealing the names Corpus Act, or even with insulting the many motions of a selfetiose People, they most be dating [ enough !to gm at an indemnity for the viaduct of Minis• • Mrs, sod melted°. by their authority the outrages ' they haticommitted. Now, my Lord CAStraalAiU, it . ea he proper for me to pease here and consider the wretched situation to such your conduct hes seduced you—whet will yes do in rescue rurself fri , m the basted of this nation ? Yoe may set your spies at sort, yes mey muck the nation for villains, even 'CITE gTATESMAN more strecie•s than they were, again to impme upon those w►o, parkep•, ones confd►d in you; and again to push • few enfortingste, miggeitled men en to their destrucliee. bleat," : the farce of i ea lion will net be played satin. To your Lordship, perhaps, the keowlmige tat you ere detested by almost every man in England, may be no rorrogch— ye, I shall take care that ere yno sink into yotir vete, you shall bate the !atisfaction of konsing yew tarry moth feelings along with you. to 101 l you to etersel repose. It was In elprominti or s c•le. broiled 'Whir w hen sddretelee the U.k. of Go t not I —that he should relieve the severity of his morning studies, and prepare his mind for the holiness of the do? ;' mine, my Lord, shall he another tusk.— I shall endeavour to collect a few u•.fsl redwing's, which may be the subject of your evenings' medita tions ; sod, as you lay your heed upon year pillow. I defy you to forget that yno de it amid the earses of a ninon. I hove net done with you, my Lord ; I will not quit you white klinigt•r • aye —and cannel at you may be, there is, I believe. bet one situation possible that shall shelter you front me—it is when wanting power yogi shall rem. to be more hateful, and • hest nothiog bet the (Mil% of contempt shall tPolaill to flit otter plot memory. You have com plained, my . Lord, of the odium and skimpy east wet against vow ; complain to a Jury—prne•cete the winter. I ►now you better—you will net—da►e not Ida it. %I.C.Off agrolur FROM 711 K Illtt - ItltT tOllll/ITTIE. of T• 11 EZPROIMICT. Of lit DANK ASSUMING Gist! Pir7IIIINTS. Smoot appolttiod to ennsitlor of tho %se of the Book of F. , eased 1. .efect,ncy to the Eapediesey of the it... s asysion or Cish Pay -mews at the petted Revd by lbw, and into sub other matters a. art connected therewith: cad to report to the House such Istrwraistien ►elative thereto, as may be disrleeed withri injury to the Pehlic Wettest. with theta oh lions there upon; have further cenibleted the toasters to them affeervtl, anal bass amid ippon the follottiog Report : I. Yaer Committee prefico Ikl oborittions that hot. to make •ro the matt•te itamidiatoit ft forma to theta by th. line*, by • !inlet tralpitala. ilea of ths 1•• s wahirh 101,0:44 sail 1141•• enniinuPd thy rbgtriction open Psytnont• in Cash by the Beak of Knalend• " It is not necessary to eaves* to the clecontsfsnetts mode* which that Restriction was originally imposed by Order is Coasscsl in the par 1707, es they became the suhject of Parliamentary enquiry previously to the passing of she Act. by ethic% the Restriction was confirmed earl continued. Its dewiest was limited by the first Act, which received the Royal Arhont the id of May. 1787. t• tbe U' of Jione.following. Frain that period t• was routine's, stoat one mouth after the commencement of the succeeding Session ; and again, by the s.st Act of dint Session, emit one esonth after the conclusion of the star, by a &fishily, Treaty of Peace. " In 1802. the provisions of the Acts above re ferred to were continued in operation soli! this Ist of March o' the following )ear ; they were forams confirmed until eta weeks after the rowintencsiownt of the then nest Session of . dial:sent. Weer which period war basing nein broken nut. they weir, con tinued gold six wiasivhs after the tatification of a de finitive Treaty of Note. " Ass Act which mown, in the ref 11114, coo• tineed the Restriction wit tbs. 28th of March of the following year, when. by an Act whirls recited in the pressible, ' that it was highly desirable. that the Reek .f Eastland should as soon es tiossible re late to the payment of its notes In each; the foreter suspension of Cash Poyeseuts was directed until the sth of Jody. 1818. " In 1818, if was nein continued till the sth of of Jely, 1818. the preamble of the Act reciting, • that it it highly riesicohle that the Bank of England should. as soon as possible. return to she psym.nt of its notes in cash. bet it is eaveilient that lho provi firma of the Acts iniposiug the Restiirtion s hill b e farther continued, in older to afford time to the Di rectors of the Bank to mike each reparations es to , Ihrir dlSCrittion and fart ieut:o mac sneer most rm. Wiest for enabling than to to...nse ppgympot‘ so cosh, without public inconvenience. and that at the pettiest petted. and Shot • time should be lard at which the said Restriction sheeld cease' " Th► Act which p.sl►d In the lest Session, after reciting that It is highly desirable that the Bank of England should, as mien as gross blot. return to the payments of its notes in cash, sr.ii that unforeseen citcomMeireers whicb have nwo•,r.• 1 since the passing of the bat Act cootiomios itt-strirtion, have rms. doled it Payedieut that the :'eatriction should he • , farther continued, and that another period shootrl be hod for the termination :';e•pot.' dit•cltd t►at the' suspensito should ream:. it forte another year. I " The Restriction, rk.r.do►e, at pectin, stands It mited to the sth of Jul) rest; anti, in refitment of the duty inspoaell spun them by the lineup, your Committee will proceed, in the fits' i ns t anc e, to in . port the result of their royai•tea into the slit, of the Bank of England, and their opinion skis respect to the eapediency of tine resumption of payment in spe cie. at the period at which by law lbt•y are to be ae lewd. " I. Your Committee called for en account of lM total swoon, of outstanding demands on the Bask of &gland, end of the fonds in the possession of the Book for 'be discharge cf those demmods; anti hare ascertained, that the tom which tho Binh were liable to be called on to pay in fulfilment of their @agog,- Mesits, aveneeted, on the 30th of January last, to 33.1194.5R01. and that the Bank were then in posses anion of G..veininent cecorities and other credits to the amount of 39.096,9001., leaving a surplus in ft , veil, of the 111.. k of Eoghind of 5,204.3N1.; rade. sire of the permanent debt due from Government to the Bank of 14,636,A001., repayable on the "spirit. lion of the Chanel. " This document furnishes a clear soil decisive proof of the flourishing condition of the afT.rirs of the flank of England, and juttifies that ample confidence which the Public have reputed in the stability of their resources. " Tenant point upon which theCournittoetegsir ed infortossinst, respects thoemnont oaf Cash and lin'. lion In the reffets of the ..14nk. at the present and at varicose other {minds since to* year 1707. _ _ "'After 'Petrol lectuations in the ,meant of their tteasere, which was sr ry mach redeem! at the clams of the war, there •pears to has. been a gradesl in crusts from the month of Jell, 1815, to the month of October, in the year 1817. During the interval between July 1818, end July. 1817, the market price of gold did not *acted 31. 19s. per es. The eschanges with the Coatinent, for a very considerable portion of that period. were in I of this coun try ; and the Bank took edsantags of those circa.. stances, and made e wet addition to the amount of the precious metals in their pn inn. The pur chase, made by the Bank appear to hate had an sofa. eestrabie effect on the pries of gol : and there is roe ' sot to believe, that is would have fallen to the Mint price, had net the Bank bled the rate, et which they were willing to purchase, et 31. 186. od. p er e e Mr. Gnldsniki informed the Committee, that • at that period there were on otter bums in the market, at the price which was ghee by the Bank • had there been, they would hale beets supplied on the same t►nnis, Bassi had. wonted gold.' Being naked whe ther if the Bank had not beets porch 1 3t. 18s. 6d. he believes the price of gold would hose fallen to the Mint price, he answers, ' I think it might after some rime; but that i• matter of opinion wily.' " In the year 1817 the Bank Aid n meet' Ismer moment of cosh end bullion in their coffer', than they bad bees I■ poomosioo of at soy foresee period sieve TACITUS. N 4 AL INTEGIAGENCR. DEAL, MAY 9.—Came down from the River last evening and saited,this Upton Castle, Howell, for !tomboy ; Tartar , Nubian, for Miramichi ; and Mary, Smith, fnr Quebec. Arrived this morning and sailed for the River the Picton, Morris', from Most. 'twat ; Mary Ann, Warrington, from Bengal ; and Europe, Ashton, from Mediu : the latter is non, Ere P. M. passing through. Poatissoccit. Mat 9.—A small sloop, laden with stone and day, from Plymouth for the North. word, is lying not her boom ends in tho harbour, but is espected to tighten neat Me. PLTNOVTIt s MAT B.—Paned up Channel, the Madeira pae►.t, out 56 days from Madeira, for liandnti.—Called of this Port, thew Java, South, for precisions, net six months, from lietaala, bound to London.—Sailed hit Majesty's ship Albion, for Portsmouth. FALMOLITII. MAT 6 ATM 7..--511111.4 Ibil Joke of Kent packet (2).iiritha Mail,for Lishe.,;and the lwdy Wellington pocket, with ditto, for Gibraltar, Malts, and Coifs. Lir t.UPOOL, MAT B.—Tho Naomi, from Mii. w ith vilw a t, foon.leted off Dingle Bay, ow th. 30 , 1 t Ult. IA the crew poii.had. SUZIRMESII, 11 A Y tho Grooado, Donald, for Now South W.leo, with convicts. Ilaawicir, M* 8 AND 9 —Anised the Eclipse pac►et, with a Mill. &c. haw Holland ; end the Aeckland packet. •ith a Mail, from Cathaven. hlAy 3.—Attised ta.t nißhl the ship Genre*, of aad far London, hem Vtn. mit'', with las. of seine sails, and leaky is her off• per "mks and derka. 11041 W or EXCISE, Mir 7. T. anon, to. landlord of she l'lrren Alan. In Fentheratone street, Cily rood. lan. awned with worlierg bN 'ldris, ne oboe t. commonly called chriaele,ng es, begeby defrauding ibe Hick.. aloe of the ErrhlP Meer., proved haling cervered olte I)ef.ntlant't nor among*. ah.ch ono all e•llan. of &like gi.. Up.. a onhsequecco •noo he f nod that is hall earnrined II galloon' e told the flefewlow of the rettfrafe, DM ht de filed it, awl MINIM leo Hw ono.l:sith.ive wanner trwafA. him. To cooviore him he rare human opportunity of esaminiog the dip. oth.% she Defea.lnal declined. The Darer accowdoogly wiled the toilet. and proceeded to draw them oolf, hat was •oolesols avowed sad obotraeoed hy the flefeoclatot, wham he raa.inneof Mil anode of proreedoog, hat without veer. a. he 00 co.. .booed co.booed hi. appwition'aoJ a, she oglrec noo woe; a rink from she cellar. roots inane ...we of the virile a Met had be a she I)efeadant verrothed sae rook sot O his lasadc, awl shrsr, $ eughpiti•re.l hi..afety by its rollong dewy. thiindint, or hi. defence. pleaded ogoonwee Ohio boo. log ran-greed or nifewiled an' 15.... lb. Cre..ne•oloctero reio.tored site condom, of the Defeodant. sad eftsvietni Mei is Op peuali of 404 tow molar, YM cps, which +icor Creedal Melly ad aloft wieteuced Yip Wo pay • Sae ft/ 101.rwr whooreciircif 01111cer.. . . Wilhow A kero:ile owner of a ►llliarl t..►le to the OW Bailey, a:a, c..nrweed lo Ibe ;woolly , of 01. for 6 grin fa Ms porwstion two game. of varogskil Several pa►licaw were Aar/ fo► again wises midmost a 11- ono% A considerable quantity axiom, wmalds, lank*. wod glow blowing opponents, tbe property of tisepbee Immr. IV, Kim wen. rit. Mary. fretinogims, were einseleouted, and 1W owner reatewted is pay • One of WI. for blowittg glow truce. The Drieodaol t a appeared. bad oft 1b... 4t it tr aril hit while so ahead, es the faireeyswg Olen* owed. Mal be bad n-o ~el a letter from be Defroditoi. is whit* he MA Oaf be was gone to k load of freedom, w here be amid weft as he boo g p rrjrd "poi/ by 1 -. 2llreobee or Spies— this of coarse 'Mein, to Aortic'. On Saffenhoy Ilse Hiscenexe passed Wlliellet of I)ealh ne the following Pnsoner.. 'brim enetrorted of capital nfn o : I). F. Reeves, far a Isurgier.; N. H. A1t,,.. fur bleihne woo er, fors. Whig t lltestow Jellkote. Inc the sum.. oir , net I (:barks Wright. ter burglary ; B Brongtuon, for Ik.. .ame George Los ned. for robbing on the ltiug • Jot % .udlfnrd, for burglary; *leery Nichol.... for the like ta t fear. gJ. Jaws. the went Gilvhe , for steadied a dwell' Ing•linuar ; W. Dexter, for a tile rolltoste ; G. Ferrow. for brwee.breaking In sheds:v.llBst.; J. llen.ell, for sleeting in a dwelling•hoeve; talwardseed Carona/ hweetery. Fur irately wallow; .1. Hann reed C. F.lliutt, for highway rntolse. ries; It.l.lmunprveys, for stealing in s dwelling-Meet J. Smith. for sleeting Vtl. an.l upwards in a dwellinverneae t J. Pike. for patting of two ?W. !riled Bank of Englasel owlet T. Bradbury. for pawing tt forged 11. Bank nf Imaglasel sole t J. Brewer. and J. Coryer. for hoosr•breakleg ; Vt. .I.mbreie. fee lesteioonly stworoine with itsonet to kilt ;J. Hemet. klougaret ralleT.O. .1. Mew+. H. Prow...by. nod T. Mill.. for weelieg I Is dwelling-house.; I'. Brantley. for .6.10.1. stratioe; 9. Lowndes, Inn forgoeg a bill of exchange; and Itts. Farrell, for stealing a W. nate. Fir.en were entered to be tran.ported for life, one far 14 st.i for seven year's agree. innotaer In h.. fine& sampri. mooed, and pahlirly mid privately whipped; three had their jorignient rr.pited t two were direharged by prorlasuatiee; Sewioas were ailintraed to Wednesday the 17111 On Wednesday, the Vith elt. three men trent i n t o • pehlic.horte In St•inland, for some refiesbenent, when, by mistake, the smiler supplied melt •ith a pint of rue, instead of hoer. Joseph Haigh, one of the party, being thirsty. drink ofT the contents be. fore the error nes disc d. Ilia contp4nion, more fortenat•, returned the liquor to the waiter,—Soon after thigh beam* estrentele ill, and medical ai. 'inane', was called, nitheet effect ; (nr, dater resale iug speechless till Monday last, hc 'spired. 1 tlivir esflibliohomet. From the of the year 181/1 the stock has been progressively diminish. ed. Tien disinetion has taken place In conseq • mire of engagements into which the Conk entered (1.• no tarially with the pia. r reserved to them by she off line Reatrictiob Act) to the months of No.ii.ober. 1816, and April and Septeenhar of the follow:fig year, to pay in the first sod second instance cash for all notes issued prior to iitr Ist JlinClliy, MIT, sod Ist Jensery 1816; and in the latter to :•gy rash for their notes of y denomination, dated prior to the Ist January, 1817. " The total qualitity of Old coin Issued from the Bask, in ennsequence of the engagements Moo en tered late, and the continuance of the fractional pay. meals, seder five pseuds, appeals by gements be fore the Hoes., to have amounted, betive/n the lac J y, 1817. and the Ist January, 1810, te tla sem of 1,590,2561. In trainees and half.golisem, and I. sovereigns and half-sovereign! to 4,450,7231.-1 Toot Committee have esbertilned, that sebsegeentlf to the let J 4 y Iher• hes been h forther deemed on the Built for gold to the viten' id about 700,01:161. The total ...It. therefore, which has been issued the Bsok sine. the Commencement of the year 1517'. has limo sboet 3,30,0001., and no doubt min hopes► tertaiiied that the coin thus drown from the Bank. was Jemmied, not for the purpose! of internal cira relation, but in order to realise a profit either eta its sale as bullion id fill couotry, or es lie imports. lion. o. " Your Committee ere confirmed in this conctesioth by the doctinents before this 'loom ; from whiik It appears, that the aem inset , from the oth o f D ee . 1816, (whets the ante* of the Bank bereme mob* epee, the notice Weed in the weeding month,) to Jely, 1517, mounted truly to 38,0105. Ifls, 'honk the Bank had become Il;bl. on It.e Id of !sky of the latter year re pay cash for all Avis note. of 11. and 21. vale.. dated prior to the Ist et J4ionery. 1817. " In July. 1817, the foreign esrbangm became eats favourable, and have continued so since that period; a profit has been realised on the esportation of gold rein, and the Bank ha• been subject to it constant alio wand for cash in payment of their sties. " The following estract hum the eridenCe giceia by Mr. Alessoder Bering shawl the 'wrote. to 'kick a considerable portion of the gold thus with.. drawn from 114 enters of the Batik ha• been applied : --A la Freon.. it appears, by tree Report of this Minister of Finance, that there has been carried en the Mint of Fiance, in the 10 months preceding the .31st of December I.st, gold to the amount nf 113 millions of franca . (being egell to above fire mil. lions stmlimt); sod silver to the amount of s little more then three millions of 'mace. Of thrt gold. upwards of three.foer rho sass in toils from this ease try ; and this opetatit•n has continued daring this present sear s though rise sm unt of tt.r if:portstions of the year hes not been reported.' " Your Committee are satisfied that thetank, IA eederisking to pay their noses in cash, ender flinch& ceenstances abere.mentiosted, acted from the big motives, end from belief that lb. unworn *mild I teed to facilitate the complete memption of poy meats in specie. Unfortunately It has had a contrary effect; the Isst.of the tbirka nolictiNerine Wen given et a period when the 'salience were nnfammtable. when the price of gold had risen hoe 31. 18,. 6d. to 41. per ounce; end st • time ol.en the Bank bed set (according to the evidence given by Mr. Ilsrmati)that contrail over the Imes, which might hem enabled them to counterszt the effect of the oaf hie eso change, by • reduction of their paper tersessey. " There was, in fact, In the half year beton* Jely and December, 1817, a conidemble iscrroe in the amount of notes 'steed by the Bank. The me. sage amount outstanding, in the four half yeses pre ceding, had not exceeded 26.771,9141. In this half year it was lammed to 29.210,0351. having been I. the prestos half year, 27.380,7681. ft appears by Ike returns, that on the sth of Jelyi 1617, imam. diately preceding the payments of the dividends, the amount oetslaeding was 15,600,0001. end ow the 4tll of October, being a few day; before the passeent of the dividends of that qeerter, the amount was 123.9150,0001. " The igaCl of sovereigns between July sod De cember, 1817, amosesed to 1,21 s ,4231. se that bed the sovereigns remained In circulation, there rioted have been en increase to the circulating med... is sued by the Bank of England in the costae of that half year, compared with the storey* 'mount set. standing in the fear half years preceding to the ci. tent of 3,678,501. " Year Committee cannot avoid expressing an opinion thet whatever might be the policy, and how ever lasdeble the intentions of the Bonk, in engage Jog to make partial livers of coin in payment of their noles, yet, win-, the crackling., become +nf able, and the price of gold lose about the Mint prier, the oily mode by which they could have retained the coi n i n ck to l i pi n e world here been a, contraction it their issues; mod unless the Bank at that period♦, possessed such a rontroel over the amnsnt of these . I.sstes, as would have enabled them In effect that o b. ject, year Committee mast cnnsider it to beer beam meapedient, in the then state of the eaeltanges, .8q undertake an ealensirr though pvtial issue of coils, which subjected the Bank to considerable loss, hod a 8" drain of treater,. Under these impressions, and from a Arm pm victiou that the inetieued is.o of coin from the Bird', by diminiskihg Ike menet of their t re, wield have the elect of postponing the p►riod at I which the termination of the Resteiction . can take place, without produtleg, on the other . bend, any advantage what►ver to the country, while the es changes, and the pare of golJ are in their present state, your Committee were induced to recommeed to the !loose, in their first flepert, the immediate , enactment of a leis ‘o . sespessel all payments in mid !coin by the Bank, until your Committee might be ' ,Milled to present to the Ileums their vi.w of lee whole 'eject which has been referred to their ems. I sideration. Tot• neat Importagt point to which the Geo, mhtett will call the 'attbotion of the Hooey, Is the *mount of the inert of the Book of !toothiest, *high are otatitareling opoa Government secorkiel I or, in other arotdv, the amount tof the debt dee b 7 the Pabtic to the flick of &gland. " The necessity of the ?operators of • torge por tion of that debt has teen se eareossly lodated on by the beak, god the patent god eldest of the two. -* 1