The British Press; or, Morning Literary Advertiser. — London, England, 1821-03-20 00:00:00

~^ RPM , " .~~'#~ r 4 , • . ~ ~ cowl* We with their minds made op on the t 4 ' • subitiet. Itsriag only from Wednesday morning till thohouredflosissoo for examining those alterations ? The aujurity of the other night was not so very sriumOnat. He thought that they had a right to use that asiguasent in seeking for delay. It was nut math Ur a-vser issjoarust, saassura that it hod beta carried by a goojoesty of 234 over 243. TheCttaxesu.os of the EXCIIIIIOIII thought centimes for eoesiotionwerd of himself to pasi ems to pest •tbs Howe in • posseesion of Ms new douse*, um& • not have done until- the Ilona* aswein Committee w the - Bill. He drought. hiniumit, that the tises•siso very short between this ansidte.dity aka to-morrow. He Wailed the Right Geutlembn is postpone theremasermitmesatlit Aliseilere—/f' No, no, friday") •z- f le W. C. HISTCIIIIIIION •vaid, that the Right Ron. ("enlistees. wouW Paw a right, had he chosen to urs it.tebaws waved his elitists for the Committee use the rildla The alierrtions were of detail and did eel silicbdse prieople of the Bill. As to the agi- bellesi.emliessed by the Hon. Member for Soiner selbilies srebiliet aware of say, nor did he believe lira ellY reamed in any liar: of she two islands. He bayed shirt-Asese use no disposition within or with mat *me to create that agitation. Gentletne.i eambirleatill consult their duty who would attempt tter sniebetbe impulse feeling in that way. He did trOriNllMinas soy meth ineseioria to Hon. Members Ora Risseastete-perties pa* •doors who would re ar teat them into a ease • wiellsliailetidlaf IMO eseeompfishment of that purpose. ifia owellassel fie as little delay as possible. 11114 t Prat said, that he had no wish to avail• himself of any other rum)* than those of ream° and iegnment, nor of any other authority besides shot of Parliament, in tits opposition to the Bill. He knew any advice coming from him would be looked on with great jealousy, but upon his honour be would solemnly declare that in his opioion it would assist the sttainineut of the objects which the Right lion. Gentleman had in view, to delay thee memory till Monday. What were the objects of the Bill ? In the first place to alter the oath of supremucy, winch had been in use for nearly three hundred years. The explanation proposed by the Hight Hon. Gentleman was to be done awry, and a new oath of supremacy was to be framed. What. reef it might be, it would contain an admission of smut sort of the right to exercise spiritual initho ritron the putt of the I'ope. Could any question he a fatter object of diseu•sion, or could a more justifiable occasion for asking delay be found than the necessity for duly considering a inea.ure which was to go to the legalising the intetference of a foreign •POwer with the interests of the subjects of thescreulatel He could not 'consider these new claws as mere matter. of detail. The 801 l differed easeestially from that 1813, inasmuch as it would downy , wit., the. oath of transithstaseiation, which the Bell of 1819 still left to be takru by Prote-tants. It must prevent the SOCeesS of this Bill in witisljitig theattdalle mold, were it to be underitmd by she eowtrterthst there was not sufficient time allowed for• Asir and fall discusoost. If he advised the Hight lien. Member to delay it till Alonday, he did so, mot so hr declined on his honour, wi•li the cots vietio* that it would aid the purposes of the Hight Hue. Gentleman, and pre:resit those of the oppo swots to the measure, whose feelings in such a case could be wily of a personal nature. Four days was a short time to ask for the d. lay of a measure ohieltiernt to alter the oath of supremacy. Dr. l'BlLl.lllosts said, that it was desirable to conclude upon the Bill as fast as possible, to put down the agitation mentioited by the Member fur Somerset. The object of the Bill was simply this— to pot the Roman Catholic, on the same footing au the Protestant Dissenters—to remove the pe nalties and disabilities which oppressed theta—and with-that to qualify the oath of supremacy by an explanation. The alteration went only to incor. porate the explanation with the oath. Was there any difference of principle—was there any point left undo - cussed ? It had Leen argued on the other side, as if the whole Hill were to be put in discussion. The long Bill remained just as it had Lien before the House during the last fortnight. Thi whole measure had beets frequently under the deliberation of Parliament for 15 years past. The delay proposed was most unreasonable. He hoped his Right Hon. Friend sould not be induced to delay beyond Thursday or Finlay. Mee Peal. explained. The Bill was not intend ed to put the Catholics on the feuting of Pro testwat Dissenters, hot on the feoling of Protest. ante ef the Church of England—to allow th e m t o livid office, from which the Protestant Dasetiters would beexcluded, if the annual Italeinssity 801 l were to he withdrawn. Me. WIIIIESELL recommended a few days delay. Sir (40itets HILL spoke to the same effect. 111r..TteottoT said, that the preporeatalteratioes enuoutred no new matter of discussion, : they . were clarity intended to tticorpornte an explanation *Nell was to have stood apart .‘itit the body of the oath. i-trt thereghs his Bight Mi. i sired had used exem plary, reclusive candour in bringing these altera tions forward now, whit.* U wool.) hate Bern compe te' t for• him to here reserves, tier the Committee en Ifhe Bdl.• Heaved not say how touch it were to bit weighed that there should be OH dasy in the recom niltitient. lir loot !seen coosideiring, however, th at as the flume neotd•serpore more time than .until SV e rturatlay, and as it-m.I.M lie found necessary to adjoarn the &leer on ti.e Shut bight, Thutsday would be • better day tit:`ll Friday, I ti 4fouer.shool tits House najourn the debate ou Friday.a t ot with it on &overlay, they might find it difficult to get Minitel' with it before the eanituesicetaera of the Sattiltath, and thus be led into a considerable diffieulty. He yore the Gentlemen' on the other sole due credit for not a istuag to excite the puldie allind on this f/tattoo. The'le .VII like utmost ertinquillity exibititte upon it at presirmout doom, and the 'mein why there ails no smash was, ehaem e jueople had a'better understanding of the question than ever. There was MO rwe made out to justify delay; there wos euty one alteration, which he had iderody described. l' , .ere MAN aso use to delay. ‘Vedneoday would he to., soon for the le.eiontssitmetst if there wee any thing which re quired. perusal, bet the •mere shifting of a fume of words , had net that importance. The tody use that timid -be made of the base was that of attrring up •-: ' • 4,4 4`• " n . ' f " -.-- --- NE p "11F „. , .~, ^ 1 ) -1 4 1 1, 1 rt. • . , • 0" PFP•FM• 111111 the people ei i l ing ehey, had been done on a for mer OCCINSWOv b measure very similar to this. He did not doubt but thin there were a greet many persons who would lend their assintabot to this Is. beer, though'he believed that they would be 'di.- a ppointed. Lord Carri.anuaan recommended dotty by way of conciliation; but he was of opinion that there we. nothing in the alterations Of in ly kin of the whicktould lam requirefraiiiirealdbff Via Mouse to araderstond it. lie beglted 'l,lOll lit,troy that Thursday would Ist a ddy too samis ti lglesavie on that day there would be a drturinirineae bald, mad the , might not be able to make a -fis um s Me k i wi" thst dila was au asopwrlianientery eNnollen. shosogh is wus &subject not altogether telbe'dlltre-; gesdeals Air tea delay till Monday, that Was quite 1 eft et the question. A few verbal alterations in at- BNC bOtild not require a whole week to prepare fis the discussion of them. Mr. Tiling BY said, that some of his Honourable Friends whom be had conversed with, whit iniendlirr to he present at the drawing-roomy had assured him•tbat•they would be.down at the MUM by font o'clock, having discharged their bissiutsa in another Oster. , Or. PBII.I.IIIORE explained. Mr. W. IVYNIt thought 'het Thursday would be the most propel day for the recounnitatent. He controverted the assumption of the Right Honour able. Gentleman opposite (Nlr. Peel) that the oath of supremacy had remained the same for three cen turies. It had, in fact. been altered on several oc ca.sM.s within that Irtfloll. Sir %V; SCOrr hoped that the recommitment wonld'he postputitil till Friday. Mr. CAOlllll‘ said, that having given notice of • clause fur enabling his Majesty to provide for the. Catholic Clergy. he thought that he sildhld best codstilt thespitit of that notice by refusing to in. valet the }Utile hi delete ou this formal stage of tire Bill, and to repeat his notice for the proposition on' the tecommitaterit. lie hirl, however. prepare& _ . . tbeeksses, wluch,lie wished the Houseto alto* hini . to have printed, that they might be better Under stood on the occurrence of hi. motion. The sub ject was au important that he conceived that he should commit a dereliction of daty if he treglacted• to bring it forward. Mr. Com/mai did not think it right to engraft garb • prilinsilion with the Bill, lest liariug the character of • money Bill th-relry imported to it, and being sub j ect to dnicoinson in aitortstr Ogee, a here any elterstion of it mu.t be in that curie fatal to it, the Bill should in consequence be lost. It was not conskent with the frieudahip which the Hun. Gentlernau professed fo the measure to pee. sist in his design. Mr. CRosca hopel the Hon. Gentleminywould not press hint into a dt.cussion, from which he had, in re.pect to the convenience of the House, abstain ed. He bettered that he should be able to air" the best grounds of justification for what betted' to propos*. It was nothing but • recognition of a general principle which he *ought, and not to en graft a money clause on the Bill. He was con- . rinced that the Bill would be incomplete except it conveyed not only privileges to the laity, but pro. vision to the clergy. Mr. CotinTEaraT and Mr. CROTAEK explained. Mr. DaLY 'toped the .Hoe. Gentleman would not ;tabula.* the Bill with the clauses proposed. The SPEAKER left the Chair. The House went into Committee, the clauses were brought op, the House resumed, the Report was brought up, and the Bill, after a few word. from Mr. PLuttumr and Mr. GOELBORII, was ordered to be recommitted on Friday, and in the mean lime to he printed. _ Mr. CROKE* then repeated his former notice for Filch,. Sir Geoeat HILL Gloved, that the Pe.ition of Nicbaid Hayes, presented by Mr. Hume oil Friday lam, be printed. If the Honourable Member had read the Petition on presenting it, he would scarcely have ►ufered it to be laid on the table before he had first informed the House of its con tents. Sir J. NEWPORT said, that the Clergyman in question had received the se rrrr st marks of repro bation from the Head of the Catholic Church, sod the Honourable Baronet could not draw born that Petition any inference that could he at all useful to the discussion of the Bill to remove the Kornai' Ca tholic disabilities. He would oppose the motion. Mr. HUME said that it mattered not with the House on what terms the Petitioner stood with the superiors of Ina own church. He hoped the print ing of the Petition would not he objected The P-titioner was said to be a person of great talents, and as to his Petition, he (11r. Hum) hail no de sire to ohaeuie the contents of it front the view of the House. The /notion was ed to. Lord A. HANlutum wished to know, if by mov ing for details of a two of 46,0001. contained in the papers on the table, as 11► r smount of the ex penses in the proceedings against her Majesty. lie could get exact information of the whole amount of the expenses for and ligainst her Majesty, toge ther with an account of the exact amount of ail the expenses of the Milan C mission.; or if not, if, on his moving for detailed h e r on '' 'a of the ex prows altoketlier, there would be ally übjactudi to pro ducing them / The CH•NC111.1.011 of the EXcHEQUER thlt details of the 40.000/. would not furnish the exAct expense of the Alibis' Commissioit, which he thought it would be ser)• difficult to furnish. lie bad uu objt ction ou his own pert to furnish details qf the expenses on both aides, of the accounts for and against her Mirjerty, but he thought that it would not be solvisible to produce them. Her Majesty had desired that she taught not I.realled un to explain the iii ails of ail the items in one part of Ilse account. But he bail no objection to furnish details of all the accounts arrangtd under general 11(11(15. Lord CASTIARKAGIIi PLIId, list all the accounts had been subjected to the same audio. Dr. LUIUINOTUN said that there were, as was natural to conceive, disbursements on both rides winch it might trot be proper to submit to public inspection. Her 'Wariest) would be unfairly dealt ►rtth by a comparison of toe accounts iu the manner nine propos4d, because her prosecutors were at no expense for a great part of their commuidest iiiii s, which COMM IllroUvh the channels of Government, while site was obliged to hire special. n►tasengets ea P every occasion. Heitodetitood sled Mob of the expenses fur the • pionretifion pate the secret 'es vice snouif • sh 4 utth he held whether or no that fund wits applieilde purposes. Lord A. HAMILTON then goys notice Wednesday se'nuigbt he would. move for of those espeboes.under maven& heeds; BANK CASH PAYMENT& The CHAIICaLLiii of *die Excueetnta rose to bring forward his 'prciaised measure to enable the Bank to resume MAI payments at en thou • that prescribed by the existing how. He took . a review of the general system •of tion Acts since their deft adoOiob, down to the regulations of M. Pieta Bill, in 1819. one pert of which ptenfentied the Bank Mint noising cola 'in paymiat for notes until May, 1829, when the Bank weal* be held responsible to fhe demands of those obi abauld claim cash in payment for notes above Si. His intention was tar enable the Bank to pay invest, in the monthof May seat, Po that the return' to cash paymetts,. which wet to be entire and absolute in May, 1843; Wight be entered upon immediately, and rendered more gradual by this previous introduc tion of some oortion of metallic money into all the provinces. For this reason he proposed to give the Rank the power of doing that in the coining month 6Nllay, which would be required of them in May 18ge.ying far their twitea in hard 'coin. His schema was not to prevent the circulation of 11. notes, or to diminish it immediately, but to deliver the Bank from the restrictions which prevented it from making payments before 1823. What he principally wished to chew was, that the restriction+, had been carried as far as it was desire- . ble.—(Hear, hear.)—There was one circumstance to which he prayed particular attention. It' the in quiries of the Committee, that had so long and so arduously investigated the means of preventing for gery, loul produced • favourable tesult, and that we were now in possession of a note it would he im possible to imitate, be then should not feel disposed to make any alterratinn iti the plan of 1819. But he was•puiufrilly obliged to confer, that they had come to a very unfavourable conclusion. The tatittost . they could hope for was. that after some considerable time a note might be form ed that would defy imitation ; and the House must feel the necessity of Inking some steps to prevent the commission of a crime of such an emir mans nature, and one increasing to such an alarm ing extent, and to endeavour, if possible, to ren der the currency less liable to imitation. He cer tainly did hope that one-pound notes would shortly be issued, extremely difficult, if not altogether im possible te• imitate—and that circumstance, he trusted, would eventually lead to an improvement in all the others. This, lie trusted, combined with issuing a eersain portion of pounds in specie, would tend cmaiderubly to remove an evil they must all . deplore, and be ausioue to remove. He thought he hail stated enough to induce the Committee to adopt the measure he meant to lorispose. Them was one circunistence more he wished to mention— he meant the payment of Government to :he Bank. Last year the instalment* had been regularly paid, and be the sth of April next the whole would be cleared eft: and, he would venture to say, with less restriction on the currency, sod much less incon venience to the public, obeli he or any one elle had anticipated. It ine;ht be ore yto mention an other object he had re, view —to make 'piper a 40 tender; but he did nut conceive that - she advan tages or accommodation derived from it so great as to induce them to depart from that system which the Parliament had with great deliberation adopted. He (DMA to adopt a a wilier regulation with re spect to the Bank of Ireland, for it was of import ance that the Bank of Ireland should be put oil the wine footing in this respect with the Bank of Eng. land. He should, therehire, make two nionotis In; the issue cash by the respective Banks one for . Eugland, the oilier for Ireland. H. concluded by mosing for leave to bring in a Bill founded on the two motions. Mr. °Altura said he agreed with the Right Ili n. Gentleman, that the system operated toler ably well ; but there were polite observatious that had lintels from him, on which he wished to re mark. He ;Anted that the Mink, by paying as part in specie, would to • (-retail' extent relieve the conuity torn forgery. He could not conceive how this would be the case, for he thought that as long as there were aiiV of tliese toes in cur culatton, it would sifted the forger an oppor tunity of commiiiiig she crime. He was anxious to call the attention of the House to this great ques ; and he was the more desirous of rising early to Klee them ua opportunity of dispersing of his proposition, *lnch, he hail no doub., they would do, as he hail the Right Hoe,. Gentleman opposite fur an opponent. He wished them to con sider the importance of the step they were about to take, as it might be hereafter impossible to recon sider it. He was not in the House when the pre vious Bill had passed, but both the Committees Inestralons hiss , the honour of having his opinion on the question. He was therefore now desi retain of statisg his opiiiiona fairly &it'd as clearly as he centlii, without either party us private feeling, nod to declare what he thought was most conno tive to the interests of the country. Ile should wi s h then to hear, in the first instance, front some Gen tleman, what was the real cause of all the distresses ol the count! V • NVe hear clamours from all outs of the country, i'dittions to that (louse, reinunstrosices on site stilkrioga of the people, anti Irons none mule than that most impottant of all our liratiches of revenue, oa which our happiness and independence as a nation depend, the avowal! utal /tear, /hear.)—lt is litilV lise years sister the itt ace, we are be ) ond the reach of the consequences of an immediate and midden tiat.suluts from war to peace. It is ..listird to speek pf user-production or outlet -I,lo;luction. Tnat Is all trae.h.—(lierer, Meer.)-1n e eery COMAE)", and 110 OM COMA Ey, HOMO! tire nut ters thus hove missals regtilated themselves mita the pleocett only niimal then. to lock for their soluti 11l *no tl,e ',norm state of tlitogs, in the progressive increase of the value of money, and, under such (ii CUlllitathert, lin 01 her Cowl ry S Vet' attempted sun li a poinlul up-hill return to meth pyinen.s. That bring the case then, it was Isis possible wit to see that this great peculiarity ac counts for that still greater peculturtry, the prerent state of the country. It was not his intention to trouble the !brittle with any long detail of the ouch _.....,~..., =w 1.1M,r14 • *lwo of btu misery. It rsi§site sieritillittt airing shalt ;lout and 'tedious war its olych nevem en pod, instead of spending . oar incnitkei we were speeding our capitid; sAd the effects of such • system must appear quite obvious. We : ...Ismisysibet if we eirrlv.lttek a state of things - UV sq . country town, the effect must be immedi ifety seen. If • number of Gentltinen in the -•wighboorboad farm - a reidatian"eriffiebitiiietheif . anal is abet tow*, immediate 'bur tensporsry *Mortice must be the courelueace. Bat die 'dig: tresses of the Country, have exi•tesl now so, limit, thin • it is impossibte hot to look to vomsteitinglojOu'd Ole M•stis.in hie opinion was osling'ltralaelSreeitiliti of the iuriOici.. Many Ge 3 6tlmWiti dike; rola opinions bet that sublkt, Waskis H‘Siti. Friend, the Member (or Puriarlingto• (Mr. Ricardo), whose opittious Ind justly so attach weight with the Hone. The operstion'Or th a depreciation wits' untratueil. It aPPettreid to him' the mistilte' & Gentlemen made . was this, they thought there Mal Cougicterable difficulty is the payment of specie. lie never thought the difficulty great. In loukiug to the effect of' the depreeiStiola, the Cursi' 'tinter said, the difference betleen the price of gold, was only six per mot. and their arguineut was, that we are now so Near it that a very little efluit will bring us to it. But they seemed to forget that the operation of money wai going' on, and that to take the real depreciation of the" currency at what it was at that period, we. in tact Hot understandisig the real state of things iu the 'country. In the brat place, there was a great depreciation in the value of gold and silver, amid that was to be lidded to the altered vs. toe before we could escertain the amount of the' depreciation. Gentlemen conversant with affeirri• of Ulla sort must are that depreciation is considera bly increased by the facilities of credit. When you make one million do the service DC two, it operates to increase the currency to that. extent. Any Grii- . Ileum, acquainted with the of of country banks must know, that ',llene man is able to get at • bank 100/. at any time he pleases, he is in just the sante condition as if he had the money in his pocket. And the former haring this facility of credit, must depreciate the currency. It must, therefore, appear that it is nut the mete difference betweea paper and gold thud causes this depreciation; but even this circumstance had a material iiiflueuce. lie would not fatigue the Committee by a very long detail, but he held in his hand a calculation, by which it appeared in 1815, at 3 per ceiit. It varied consi densbly et different times, lle found that the first operation of the Ittstrit non Act did nut take effect until 1800. It began to affect moderately until 1806 ; but from that period, the moment the gold was gone, then came the depreciatime Now if you endeuvour to find out proofs, and look at commodities, you will find them affected more than the precious metal.. If the same priociple were applicable to all the commodities, it is ito possible not to see ftorn whence arises this gene rid depreciation. tie had given souse consideratiou to the subject, and it was a strange coincidence, that from the period he mentioned a parfait' • alteration had taken place in the price of column": dities. lie would begin with corn. From the yes[. 1785 to 1798, the average price of wheat was shout •, 55 or 56 alullinga ; that is, the price, es near vs possible, of the present day. In the subsequent years it ran up to 85 or go shillings. From 1798• to 1820, that was the general average. But the moment y.:u alter the currency, doon comes the price of wilest, and 50 shillings, which was at that time a good remunerating price, is now such as he can hardly live on. And why is this ? Because the value of money has found its level, when all his other expense', his private debts (end few men are now without debts) remained stationary. The" rent of his farms. End the expenses attendant on, them, remained fixed, when the actual value of the . farm was considerably reduced. la any observe. tint' lie nude he did not mean to cast out even •. doubt on keeping the public faith ; but he would coittesiel, tlist the return to cash payment should be limited to the utmost extent that their good faith would allow them. From what he had stated there could be no doubt the public creditor would be beiirtited by that alteration, for 100 guineas would then go us far as 120. Upon the whole, be would say, that wondering the inconveniences ow one side um well as on the other, it must be consi dered an act of njustice. %Ye are come to tha t situation now when the industry of the country C:1111101 well Support idle •iinuitaiita. To • certain extent 100 may gto with such a opts in, but beyond that it Is ituptissible. It was quite Clear that no thing was a greater injustice in a country than temperisig with the standard of value. But the difficulty of lowering the value of money was much gteatrr than the opposite, although of the two modes of cheating it is far the most limiest, because it only cheats the drones, who contribute nothing to the burdens of the Stele. lie spoke of the thing now, not as ■ matter of honesty, but as a question of 'entreat. But there was another circumstance that tended in a great degree to increase all our ex penses. Throe were about all men certain feelings which it was impossible to divest one's self of, end if a mutt in provid:ng for his family proposea to give his daughter 10,0001. or 5.0001. at some distant period, he never takes Into consideratioe the value of money now, end that a much smaller sum at the present day was equal to the 10,0001. he proposed to give same years before. The sante way, if you were travelling, and offer &coachman half-a-crown, and tell him it is full iis much as direr shillings some time buck, he will he sure to t e ll you. " You're • ( I —d shabby fellow." There was the subject of tithes, and although the greatest liberality had beret exercised by the clergy, evil that two thirds of their tithes are tint collected, yet if you tell the parson that things are .o altered now, that is equal to 2/. you will hardly find him disposed to reduce them. All thew things Phew the impossibility of sußorting such a sja•ein, nod rilto though he should be tttmccev.rttl, the di-cus mon on the question Roust be itelul, lor it would elicit the eyes of the [louse and the country to their peel situation, aid lie Hinted that he should sneered in getting the Committee up stairs to re consider the question. Ili was difficult to deter mine what degree of depreciation should deter. mine a fixed standard. ‘Ve were not' back to F.tizabeth or the Pleutegenits. lie would recommend the depreciation for the last ten years to be taken as a standard, and fix it there. There might be some individuals who would suffer, - _l l - ~~ but they would not run the least risk of doing la justice to the great majority. He stated these things for the purpose of impressing the Committee with the sense he entertained of the difficulty of • return. tie should be sorry, however, to have the vote of air Ventlfilitlviiiiisiel of redtiFirig the standard. Of the system known by the name of the Ricardo syst em, 41 HMI s Friend_would ex. entre — him for usinrhlli - ntiffe", - he 'entirety; • con curred; indeed he'• heard any Practical mini object to it. For'by compelling the Am* to pay the large sates in bullion, it would preventithe depreciation of the currency. What ever arbranteg! l yoz give to the Bank pit ilia give to the country. B this means there never, cos t&be a fun 'au lirsqt ta:anz cousideralsie extent. ' You tree aud'yeti save the wear mud teat of thescoio, which is an enormous expeose ; and you save the intermediate waste of the coin, and always preserve it in a proper state. This system has beta already tried at Hisenbar"gli, and carried into effect; so that it is no , ex. pensive experiment, and as yet he had heard uo objection to it except ogle, which indeed was a formidable one, the case of forgery. Undoubt. edly men of great merit mid talent had been occu pied with it, hut hitherto nothing had been pro duced. The Commission, he thought, seemed to have looked to something perfect, which per haps was not attainable, When they might have re corn Mended eorneibing which would have been .difficult of italtiiii4liod that might easily have • been done, refit use ifisposisible to . conceive aier thing more cletnif thmethe . execution of the present note. In other countries, where a paper circulation was established, bal . :eke:re care had been taken to hive a finely executed 'note, little or no forgery took place. No doubt there was a rest deal of ingenuity in crime, as well as in every oilier thing I's this country; yet in America, where the circulation of paper was very great, but where care had beers taken to hsve a handsome note, hut little forgery has taken place. In France there was but one . period at which forgeries took place, and that,was . (luring the period the Allied Sovereigns were ins Paris (lot did not mean to attribute it to any followers of theirs)—(d laugh)—but resit was, that previously to their entry the Hunk of France, us a measure of precaution, had thought proper to destroy their plates, and were obliged to have a provisional plate made of rather inferior workmen ship, to be useil before the proper One could be got ready, and in the interim notes were forged of that inferior plate. It ought to be observed that the smallest bank note in circulation in France was of the value of 40/. sterling. On the whole he en. tertained a firm conviction that something might be done to render forgery more difficult thari at pre sent. But supposing that lie was mistaken in that, could there not be something in the shape of • token that would at least he something better than the present system I A gold token might be made for the purpose of circulation, levying • seignorsge on it as on the silver coin at present. That would be an' impoitant object in relaxing the tension in the: present system of currency. The nest ob ject to which he begged to call the otteution of the Committee was, having a double cur rency of gold and silver. The first othetvation he had . to make upon that wag, that it could Front be 'established with good faith. 1774 down to 1790, silver was not a legal tender by tale for more than 451. though it might be ten dered by weight for any sum ; so that it appeared before we tampered with our currency, gold and silver were both legal tenders. It so happened that gold was paid; because, in fact, it arna a cheaper metal than silver, but hall there beearsay *lteration in the price oTailveir,;4lonieverse woe fif lose • been the case, and payrnentii would hare beet; made in silver; and such indeed was the case, an alteration had taken place in the price, and silver began to be rem to the Mint, when, in 1797, au Order in Council was issued which put a stop to silver being considered as a legal tender in this country. At the present price of silver it might, consistently with good faith, be restored to the position which it formerly held. A great deal might be . ssid in favour of a silver currency in preference to gold, bearing in view the object of having , as cheap a pound sterling as could be had. Having a per fect standard (though he (lid not undervalue it) ors au object of but secondary consideration, compared with getting as cheap a pound ster ling as possible. If silver were cheaper, silver he would prefer. An objection had been urged that if there were two metals in circulstion, one would be constantly sending the other to the melting pot; but that was not found to be the case in France ; for a long space of time one per million was the whole of the differeuce . between the two metals there, and that of course was too small to have soy effect. So far Flom thinking a currency of two metals imperfect, he thought it more perfect than a circulation of one metal only.— A single metal was liable be acted upon by csusea varying its value as a commodity in the market. Now, if there were a power to pay in either metal, if gold were acted upon, the Batik would send silver to the Mint, and vice versa. It was also perfectly evident that the Bank having the power to lay their hands upon either gold or silver in the market of the Conti nent, they would be less ex posed tothe manoeuvres of jobbers and speculators than if they had only one metal to resort to. Quitting the view of a per fect standard, there would he found by prettical men no sort of difficulty in a circulation of that sort. But a perfect standard was not the olijctc now, it was a cuscombry to which too much tc:l - had been petit, end he sus clearly of opi nion, that for a great commercial country like England, who had dealings with the country from ...bleb the precious metals came, the two metals were the best sort of currency. Thinking as lie did that the matter was not settled m the hist rummer as it stood at present, he was for sennii.g it to a Committee tip stairs, in whic!i the echo r subjert might be guile into. At tee same time he must candidly orknowledge that those who considered the subject was placed at prisent as it should be, coul,l not do better than vote for tl e nit-assure now proposed. The Hon. Member coil chided by moving the following Resolution : •• Resolved, That it is the opinion of this Committee, that it is expedient to reconsider the provisions of the Act a 59 Geo. 11. cap. 49, with a •iew to alleviate the pressure which results from the strict execution of that Act upon the yahoos branches of public industry!' Mr. Ittc•anci said, that much of the Hon. Wu bees reasouitigs applied as objections to the pre- U