The Statesman. — London, England, 1810-10-11 00:00:00

imam T I teif Tit E. vi e . I,orreadost: made iris eonearance lest night ~, no s c hadraeler, Sir • Brukful Constsint, in n.,0 0 Km , %Ye .think that hi-d choice of th ,. ,at ar gued a better knowledge of his own ,rung t h an that hich orgmk.toid to make his abut io Lord Oileki. Vistle is no comparison in 016".11C11C43 between Clandestine Mar - , ,„ ri • P and ne Ft to to !veep:#*4. 'lto various ele..„ g r , ce 'dad 'lateral l ipirjtiir.slis s - orruer find no equals. iii ahr u play „if,rol aud .Iseavy contrivance of Every min,,ie pie laster.ia, with, Ziltlliftlir'' t h e exception •of Sir Bashful; en avowed libertine, out eol y woman the-open object Of reduction. The I te igiously born along by t boa w wershbedium P o l at , e , in ad their variedogof mistake; letters tots. r 9 and But there is •in gell pg u t . of ti' liceiwt a kdowledge of life„and bril- Dist levity of character, and a polished style of bugeoge, which "rideem away to •siu against good to , ira h and good writing, and...keep the play still . b, k „yaot and pupolar. Sic .Bashful Constunt i. in izerescence uvula the piece; s -eberacter which wither fororiali..* feta* the dinoisement,. and lito IMO: .75C author Pak,etobahty ba. b y t h e r i g e of producing soMething which. was never on t he Stage before. Sir.flealtful was literally_ a 'sew cbaract., , ,r L i its qpgre..liy ~4u :made to coedit i" Olin negation of every quality whichicould " 11 44. yrdobAre Or kitmealingi goad 314thoit joi es cr, dcritoble 'without fee li ng, and absurd .with. out heinotor,jir,Bashfu4 4/ sonrecky rednqed (tOovet . trofoitt. i would out be -whale:* powers of any' "r ot t'u make this pdvt raspe4etile * . by a strict iodhe trod (cc the M. I.ovxoepvt's f or th sras,.ot.COAlTlNix !di/piliyad hCrt , moit o i t smagerini effeet. The 'Paiakut *for earicalpre, tibia made the itlvilitiloard Ogleig a being ie the h it gage of ivrccoieratike decrepitude, and the eons LordO i ckbli kifuqin all be vigour sad Plantain:of mankind,. 'gat? Sir, 134sleful pro -miocuee aitcl- face winch Rt kin forward an the 'Canvas, Where his natural position wes the back ground, and his natural coiOur the faintest tinge that could make bilis:discernible, Mr. LOVECkROX£ has one great {serif, that Qt 'diligent preparation in his part ; and the bye: Play whi 4uatliteted wi,th a voiuute attention, *MO der melnent performers ate 'emended unwisely :itidtieraf to consider its• *be neath their 'dignity; • hire: GOTEW was 'Playful and effectual its the Widow lieticour, tbel.a... .dies in general ditotot • ituffer'ilie businesi of r tbit~ Drama id beeoeurteitioef in their custody,. " • • 11 . •We have all resit with - detestation 'end horror t '• the accounts of the Secret l'illatsmal! in Germany during the dark iges, when the pillion ,teictieul were drag' of difdnight before their -nofeelttqf Jeilget; en thestlghteit efitnes, and nitheselt,,t allonetto face their' aceuvers; and there rroktet, in who lave not burrit iwitgindiguatiou at the drat —.We' **Under hOw w nation, that. hap Over; tote. of liberty; . Sheeld.,JM fir forget itsly!ifltite let*. at twri t * yT.lidt an, encrueeheiedt , on its rights our istonislareent w i, , 114 site. what abated, when We (tad that even Englishmen, dlti prettorday, can tett Ink Vatisiiedt/iltit piss over with irupuuity, as., l the hands of some future &pod historian_ t may equally rte.., the feelings of posterity. We allude to the. recent at. tempts of a certain. Assembly to set thelstsvilvei oboe the Law 'of the Land. In what particulai ,does their conduct differ from that of the Tiihuntle abore.meetiOneg Their sittings are - *brays by. ." !kit; (heir meetings are rendered. secret •st" the _Mere will of any one of the Members ; their victims are not allotted to face their Accusers; neither have* t they the opportunity of de fending themselves; and hiurenrer, they may .be sent. to prison without the vessihility of an Sipped to the Law of the Land. ' Surely this pietute is equally true , with that of the SecreiTribunalkatiore alluded.to; and equally calls for the reprobation of 'every •sineere friendly( his country, who is desirous of prevewting ao full Stain oil the page of itthistory. Extract of V; lOtter dated Zente, August 6:— " This tss beautiful iskind—a Paradise, full of neat little eouttiry.hoities, wkik , ;he prettiest gardens in the world. l'he eity_le, ;poll respectable, with a pester tendency to snugesepokaan to elegance in the buildings, Preneg CA,late.o, who was the head of 'the Government of the Septinstriar Repuhlic, lives 'here; an accomPliihedand singelarly shrewd man, of the Old School in inauners. • ; General, Os wn who eommarls; appears to ano to possess %such con. sideration and 'mend. :1 cannot give ya . o a be t ter prof of it, than by metaliotshAtbitt- • he is et pie. slit organizing On esbibliel4tent of public schools In the Alonasterferwhich hate bep.re 'deserted. • " This ()dicer, anti ilser Minister FORCITI, have, 1 1M the capture; of the eplecet 'tailed a r e gi ment of Om 900 Greeks. It ja celled 'the Greek Light infantry.' They wear,ibe ancimeklelocethonissa dress. toe of the gerepenies isopoposed eutirely.of Spar. taus, who are alsoln their ancient uniform. The fi f fn time the G O I CTiI I an d Staff: dined with the 'km, I hitd the gritiOcetiost ‘ to be 'there, and , catililseirecly 13e10: 0 . myself nut in a dream. W he. tiler is the 11411 - Of - Pitsgal l , :or .the Cave of Ali. 84 b 1 , with theforti thievek t. I wets at a fuss tude. , ae• We. had several Greek songs—l should all them odes--4.ha music,of which very much re.. :UAW! tire - Scottish Riede cid airs. One of.. the Al. 1°4 9 gltie l .erksZang ' 'rho Highland. Laddie,' the %of, with a 'tolerably good accent. Row, lit la r,aame of wonder, came this sou; to be known nig by the inhaliitietp: of the MacedoDist4 1 1 . arelainS; , CI The has_not yu.f got kts.colonrs, b.l -!,•6°ooo.n.kirto have o'lficatlartl : The ensigni tt Kent. tislog fiertiffilailtis with .14e motto .i° s Greek of re Ri s i ng. ee II This IS iiieW ISA and the Cople, a neescreetr e a Ile.' tete is much of the maesy ore of mew; -ia! Sicily there is nothin bu t the dress. • • 1 g " The favourable disposition r,f the Gteeki Wards the British might, I think, he turned to good a _ e , r uuul by.his Majesty's Minister . In the coolie of few.months' police twenty thousand' of these 1414 meantaitteers might he raised; and, if we only i mp up the connections now formed, - we have a.ri: uniting ground of iufinite value." ~.;Ra Err.; .4v4krica RAGIsZ4A I ri2 i s t They". (the Prench•Revelutiunists) " rerg, thatint ;PS " LAND, not- ne shilliagpf Paper• Money " lion is received but of choice; that the whhie has Mad ita " origin in Mai; I settially deposited; and that kis tonverti . " hie, at plendire,'Ot en instaio, and without the stinitfest " loss, into rash agaln.': Otits Paper I 61 value hi rem it memo, because in limit is of none. It is powerful na " Change, because in Westminster-hall it i, iiiipoteet.. " payment af a debt trf t*enty shillidis, a cailitor may " fort- all thy paper of the Bank qf England. Nur is theW• " among us a single public security, ofany quality of nature " whatsoever, that is ettforceet by- authority. lo fact it " might be easily thews, thatoar Pi}per wraith, jastsad of " lessening the real coin, ,has, a tenitewy t tp increase it ; in: " stead of being a substitute for maim:, oply.facilitcau its " entry, its exit, aid its arcutalioa 3, this is„the syiubol of " prosperity, and n o t the badge ordistress,.., Never was a 4' scaicity of cash, and an eilibteancei l tpipwr, a stibject of 4 ' complaint in MU nalion."-Bevews. 'Reflections . ou tbi • • French RevolatiOn. 'Written and petilithed in '3O, •• 7 " Bet, whateier momentary relief, or aid, the 1411141er and " the Ilank might expect from ,this low' contrivance. of • " Viva Points NOTES, it will inereas, ti 44 inabiEly ef • " the Bank to pay Me Higher Notes, and hasten thedestruc ‘.6 lion of all ys for, even the tesairsates that u'ed to be paid. 44 in money, will now be poidijrattist notes, and the Reols.l 4 4 Bill soon bud itself with scarcely,any other money than . 4.4 what the hairlsewder-guineelkx,bringivino--"- PA twit' beeline and Fall of the Englisp.Sysiem ofEitutese, 1 gird: t ten and published in Match, 1196. • When the shindies of the Bank of England was ashy tltri, 4 . ceoside,ration of the two Itouses of Pielfretesees,• . lo• the 70Pr. 497. it TM RY opinion; aDd that Of Many slim ? "'that the extent, en which the Paper-Currensoltetelleitt 'Cat: " ried, was the ?MIT JUI4 TISINCIPAL, though not 44 cause, of the many difticultkes s Wisieh that Corporate. 44 ' Body Was then, and had, of-late yeers,Avnet time to " time, been exposed, in;st!po7l.Rit ttte cash, Necessary tor 46 th e cointnerie iit thllliChligdolo,".-.Cil AFt LCS JVNE I Etas, of L{vsaroos., Letter .to the Nag.. Published Lt. 1 80 . 3 * -,;vities. • ' PAPER AGAINST GOLD: - • : NUN° AN EXAMINATION 'OIis,THE REPORT op TIM pr,L . LION costuirrce; IN A wilt' OF .LETTERS TO, TOF TRADEsIIEN AND FANNERS IN as! Ar o ma LETTXR Horrid Passage from The'. Morning .1 3 att Newspaper-Such are the Writers bit whose the Paper-osoaey system and its Pa trons are supporteg--Jitsch are..tita'Answees that areliven to these Letters-041M .Paper assertedte be Ike onlysort of cur calt•tdated to edert the ever of an Island-Proceed in tradng the increase of Debt and Notes le that grand effect, the Bank Stoppage-Table shhOing Me annual i,ncreassAl • - tile Debt and - Interest fronS '1793 to 1797-.4 acrease i n th e number and amount of payntonte.at the Bank demanded smelt notes-Hence. Fame the,fide-p6umd nytes--Ifurke'l picture. of the English Bqnk Paper -Paine s Prediction-Lord Liver pool Me historian of Painit's prophecy. GENTLEICVN,—Iii returning to our subject, 'lra must bear in mind, that in Letter. VIII. 411 1 11tVin• the foregoing Letter, we saw clearly, Vank-tiotes, as well as all other pro:cals. gory notes, ought 'to be considered • as re. pr'erbotatftves of debt, while real rtione i ohtght to be considered as representative of property, or things of real value. . At the close of Letter y 11. we saw how tire increase in 'the quantity of. Batik ! , notes had kept pace ivithlhe increase of, the fiend . Dealt .end we pre/timed .; - twain the - subject ; to treats • thin join( *rape to tb.e grand and ineetorablii effect, 7:lfirk,T9tE t tot , 0? Goic Aters SlLVtit AT Ire , UAW; or Snitilssrea, io 1797'. . Sot o: . betari we en ter 111101 fib is littt•ii4tinr mat: ter, will: yea me iv's% •actin to grrettin a specisse c o of the Way i ,• ill* *kith •my tiitier' grit answer : of by:thalami , ,seeitets in Ltintfon. ' do this'will siot.ipe aitimstit its . "utility; 'both now *Old hereafter.. it-Wilkilltaliefirivid . t!tew you' what sort of writers' "%ware 01)1,910 to tee i and, though it map** be st. - useful Co " poyterit~' # it will, nevertheless; boot some use ? and ;will Mr very curious, for our chil4rea fo see what &antler Wll6 If .From, of inert those wars,. . wrote ieriseit 'of the Paper.money System. 'The:passage tarn about to lay before. :you ..was . published , in •a newspaptr, printeill for the uae of 4 '.Tke Arthionable under the date of the 6th Ur this gelitqa, • and i 6 words are these:— - • • • 'm " To. the People of the Nailed liChigaitat.-441014entishle " characters exposed, lately be Me pilittrg , „trun , be coitstileiert " the rat represeotalitied of the Corsican .(yrunl and hisfttinis io ten, sohoabOast of Meant:strew vice Which eicitettiach her " con in every British bosons, and who, fertile! '4 if loin. Va. are eriiertinig every artifil:e.tßitabvert your., ispiie, be= ev your virtue, and ektirpate your peopic. ,Coainstr, the ".twarle of the Jacobite; l'apePs fist speak= log ill of suelt itE(9494tUt 111411,11011, *nose detestable pistil( es must annihilate evety. simp.to principle frpi,g i lhe human " breast; and het Its' rill -BriAl.. People, in erect, that if " they are to be robbed by laces and opyrtssed tIY 'foster. ft is of " ou consequence . soltet/ter they gre ~.cattyuered by a Fiencli " Vere-btrtre gang, or goveroed'bi a'etriuous BMW, Soye.. reigs anti. hi4 , respsetallle-21fissilters. . such u theprofounll, " reasoniug of apt pposiata lauxussireled scribe, who is - 1%.. `• veiled by a savage pittnun, ut reireitge for hlinisterial 'dd.! nerved.. esnirernirt, • and by foolish and base hopes of caw often rewards t l'. •. • :510) * Gentitgri b Afaill k lmsew:iir n opt. sins, Such is ihe sort of** .who. dislike me.-- Suck era the anitiers: OM Ore given to lily irate. meats andniy 'reasoning 4pou a sober and.,niost isie, portant subject - Of political economy. 1 ke,ahose hero heaped upon ii ° person, .wlinat ,our c;onsinander,lis, Portugal, in his public di*palikaa, L rotognissiv.4 an " Easpfro' . ' r, en4ift 4 thlkti. L011Fl& ac ti faa.,, ticei has been recogni zed as 41 ... 4040reigq ,a. krance," toter nothing of or, nelneiations ,andi ' Molts with hiin ; the abuse here heaped uposi Xi: : k ri : : t&hy wi rhar i :e n d 6t w ° it ii h ti*l i Ca4 b l ' r r i a . it il ing nm o n f tter th a n. 6 4:., 16 arous toy," for.being.guilty of. Avikish fik aoral infernal's wretches lately,so4.4s Ilmi t iltuily t . In Londinii . can, surely,, out meet Ifilli.OP applV-c4 hatidn of ally man upon earth ; for, one would, fain htiPe, that there is not anothv i span . like the writer: Yet - is it a seriolis consideration for. the etinntir, that sniti'att tieetisation.ehotild be thus 1 r boldiy put fOrth in our Piiblic,riewspapersl and la a advreliaper, ton, whichi.from its uniform, praises of .the•incii at present in pu a e4, „f,, , , calla, a Ali, .;ishietial.. newepaper; and i1b:14,441 krai, looked :upon' as 'a sort of haff..offies print, ,As„far as • .}corning l'ua • UctO4ROPt r. . thlfattr4V i tiffil Nisit . Ithusefty. iii. partitßiar avtiele, nery man in Enll lalatt. : w) de ready to,,_ {it the Ministers 4,:115t514 ittAihd,':"eieay pike heliere that *it' dtirst Meat 'with 'kelt dome reprobatien.: Bu 4 trotba the opWititi abroad"; and, I leave•yeir kahguese.wikitt an. impression such a publication is r ote ulated to give the world . of our national cha fgfc4r• '..`There is one declaration. bore, about the paper *Orley, that'd wish 'on to . bear in mind namely, Abet ' 4 Bank -paper is the best bond of individual publie.sccuriry, and the only medium of . 64 „currency to sue: and exert the energies of an vt insular and comnaercial people.' So that, ac cordiug to this wr i ter, the return of gold and silver would be no goqd at all, and we ought, indeed, to - deairato-get rid*tif it, it we had any, though, upon ;the trial of-.lla.Yort i oa (of which we shalt' see nisire . hy-and:4),, both, the Attorney-G ener al an d th e Judie so decidedly declared the exportation of the coin to be a most mischievous practice ; and though this-writer himself, little more than two months ago, congratulated his readers upon the prospect of seeing.Barilepopoctlestroyed, which paper he called, krkhis print of the I,9tbJaly, "destructive assignati,it and' afterwa rds , vile dirt r -" seat - • .gesr - very piper, which he now asserts to b. ". the best '+ bond of hidividuat and public security,. and the WIWI medium of currency to suit and etertihe 4 iCksporgjen• of an insular and commercial people." • .pet 59,09a1. 1 013'0.44e -Opponents let us' leave thii: IrlattaLainaey system and its „patrons to receive all — th i ;WKS that trtitiegs like the above antu 'eve, virdilet - re proceed, in. tracing the locums* of 'oftba 114011 . lifyht and that of. the 13ank.notes to that and nikmailibleiffeet, sroppage • of •gold and iitcer , Ptiyineds at the flank of England, in 4/97, from which titan] our paper:money beginc`i *Mae it was then that the Hank-notes ceased to be convertible into coin, and hare remain e d in.th a t, C'stati to this day. • • We hare already seen, that, at the beginning et' Pirm's -war with •the Republicans of France, •in 1294, our National Debt amounted to about 250 miilions,.because it did-not increase during the peace preceding that war. Its amount, at the close of the American war, was 257 millions .(See i t atter :I(l.), and the' anneal interest paid upon it was .9'inillions and abptit is half.. The debt, and, of coortic, interest alongwith it, decreaied a little before the beginning of PITT'S war against the Jacobins of France ; so that, when that war was begun, both Debt and Interest were somewhat less, (hail at the cyclusiok,of the Allerican war. W will Iroise**, take them at wliatthey were at the last-mentioned period ; and, -in 'order the more ,clearly to SIMI the progress 'of the cause of the great increase of Bank notes, and, .finally, of the Stoppage of Gold and Silver payments at the Rank, we will state the annual increase of the Debt and Interest, from the beginning of the war to the year 1797, avben the Stoppage took place, which state- , went is nut only very curious, but Is of 'singularly great importance. , preekest. .Before the Anti ineobin war began ' X •. Ain 1793), the amount was . . 257413,04 - 9,699,498; In that same year was added . . 6,450,000 934i612 . - -Matron 9;9f4:117 Is the year 134 was added. 14,616,5'.5% • 715004 • 37V Amount at the end Rif 17pk;....279,1:19,56 S'73l In year 1795 was added ." • • 45,6;19,897 Amount at the end pC 1796 4 t Att4449,4•64 • 11,92,9116 year 1796 was added . . 41,30,399 1,K)11,373 Aarmot at thP cadet 11M • 46,05,4, 1 3 ,4 3,349 . pollc.,ysigki'97 weiaddetil . '.l t r,olgoo ..-.• Avarua at thvitid of 1797 41949031 17,00,149 • "ThaV,:titen,.,Sve see, tho 00 first Toni years and' chalt of With the Jgcubioa, or itctill.ff ,liciens of 'France,' nearly dicnbled th,Debt . aod the ,kiderest„. us, (which is the same thing . to the people): rho kentsai Mori-eon accatunt Of Debt, ythich,tt . "gether with intere,/4, iacludeg management and . lug und allOwinice...four.years end it half of the Anti-st4eObin Vrii nearly doubled ,thettei, sod, . cotding ter the principles we bare before l lai4 driSpx, in "I. l etters - 141. and VIII. the, benk-epteg I;ecesparity Itterskais in the same Proportlooi the Debt anil Interest ingoised 4: because, eicer ter of it" year the ilivisfect4 to htkpaid tite,lleible became great er .0,1 greater. llefore the Anti4itiobin War bigna t the4ilifilcads st:f a year arnocaterl,.as..we see 41/4”, to 9.,609035f.: To obviate all pettifogging cavil. here, 'let'die stile,: that this slum not,.teholl# dividends, or interest; bid consiste4 - Virtly, cf tt chores., for,•nionrtge k tbe Bank ofi England ; L and also or. charges on ,'• Fund,!' But, as was observed before, - thit Is of no conic (pence to the people witts. pay' tht taxed, out of • which the Ili/to& gutn.ecognesi:aoti, , ,l only make the charge,of. MisrePre• mnition or error. "'When, therefore, we speak af. the amount of" , of Alo-DolationaF illeht, noaeratorld: ot tkat !similes; 'and theirbY. thOlsiord 'ityirese is, rullsit ;the annual charge 014'00 , 4y/it . , To resume, then ; bgfeife thy . :,ABliilcio§kn..7-ii* 'began .;- dkklet*ri,fil.:.:l7itefdst f•,rine mar anwunt:e4s . ..IP . we Nl,Tik Pr; Oit o C4i s ft uP i tIA; and; hefore tlie,paitOrtirittickAbeiend of. th# Aft•it yea t . or that. War, rt, i itaiie ; ,diri . dcpds,.,oc lAyresi t aritetailea . l6 0 ,. t ) ,1,14g.P9un.t 1 A 4 0 1'4 41 4 fl'Vk ofgloottle.' -rye thinKi b therefurd, ;11.14.1"IfAe11.;1: twice as much:tops) , yearly in iiterest igtbe.."pri Itagipt, to speak.iii.sound tin m hots, .1101140:1' to under this , shc.44 1 where it had - bid illuißinipt '.. 4 4 .4 4 i liefory the . begetnitig.of P.- cp Wai.4 'hating' twice' as much ttr e isMAgi th)ajPeat, score as iehad previous to them ar, was, eo.ttpc ) compelled' to itictepte ..the qqaiitity . its . ,pope :sromises, orAtte:tiurisitity of its Gold anti ,yaivcif. . cue;: hare before soup ,(144te4 VII.):: an InSrtine ill / nitrallatr and amohutt i pt . isiMentlinuatitecessardy demand an increase 9f fhe . thoney,:nr rneitiitin, in yilti * Ch those payments aril w 44 w 4; and, it , this increase at the tank of tiiglaii d. ould take pleetrin papr preothes, 'and not in Gold and Safer coin, we .lime seen iti,Lotters v4l a v i d ylil o witere it was shown that an increase O Debt mast . proptree.an increase of paper-prorai • -or linter, When oitie a .paper.system has That aits'attperiti4e of the titres, ,of which we ake Vow spiakitig corresponded with the edareasps, and toy /ovum and ease Hopes .or cat: ‘l ,cilistio, wjsis tho . tiorsicas•Maa4er, who often rewards, •" but never has beeu kuorin tts firOve.—,-110 publishes f' .4 week!, sus inft , fliarlteitis4r fa excite is Ohs • armor tu.sedsica - Stsis icajitilafiNrirists istelecits, tacos- :jinni/11ft ..gaed 4c!ssel(Ap cainsiig and artful inphlid4, and li f t ":Bank Papers as the • scatreti, ", mod the .poslplassliass • Dl' ' rt the MO. ' .0- • • g _,. 4 " 14.41./44 ceiPaNishot Imo" loch tqaa, " wheal re4aing an writhig made a corporal, at wham 'Me " and reason will never .us.dte a psditsciaa or' sus honest ph. triue nutylse the prdperoriefs4l6 f'ffre?eircif gipsif.vj " gat..l7talt raltatst, riat Wen Willi Of twitting" " wain: igm, mast iset verrded , ao OAS Irtaditehittiltelesians Of " a ftearA ip.y. when !acted to free r oir4tosu i opsi Happy. " alltioao ll • , • A•l'' s= - i prititipletilera ;tatted,. we shall now ere a . , advert. 'lag a liege 0 thematoker in which the.payinents of interelit it the .. . Rank were formerly made., ICUs inforg.beett obsereed. that, when the Ne. tioAal Debt first began , the whele of the interest was paid in Gold and Silver, there being...then oo such this as benk.notes, and no smell thing as a Bank, in this country. It has also been : observed, that, very shortly after . the Debt came into existence, it produced its, nataral oiLering, a shank s which issued its proniiisdi:y.notes, and in -which pruritic. wry noteathe ititereat, of the Debt . was, in part st least, paid. •di first, it appears,. that the. Beak paid an interest Imps its notes, or bills; but, this was soon left oil!; and, 4 4 111.4 4 , life, the !seek. notes, or bills. liecame.portist thoc,ie,euigairog we. thorn of the ectuntry. " ' • .:r - L: ~ 7 . - When the Stiick owners orPubliq Crvalitors, as r they are sometimes Called, .w4tit„to Itte.jilapk to re. teiv..e their dividend,, or jotereatittex, itti K ist have either bank-optev, or gold ani.agveryotcebriling to their choice. Some perseii chose rte c ettin, eel some the paper s But, as. the DAtiikeii.atsed, and, •of course, 'the amount of the divideuds,Of.itstercrit, It was. evident, fr o m what', 'has already been sail, thatetlie Bank' would possessa, less anti -leas quantity . of-Gold and * Silver In proportiou to the quantity of italleper. . And , :fuelhei'st 4 e payments-of interest having, at we karbiteen#boyg t becum.pgarlyNiutatlie io amount to*wlikt they,tvere t017Q4,, previous tee the :Alvti:Jacoliin war, it. j . p . aatural .to &appose, that therai'viottld bed riublellesturtißer,.tif Stuck-hold ers , and, - OT cuticle,' dot Ora Metauniber of payments to Isnake« . --..Thereforti;l4, - tir isiert Piiy mutt t, the re: ceirer bad hilt choice Of :paper. or Guild and Silver coin, there'were double die:number of chances againvt the Bank ; and, at any rate, .as there, were, at yet, 'no"Bank.notes,of an amounticsa than ve.ii pour.. ns, there must necessarily 'be, upon every payment, in Issue of Gold and Silver from the Batik, to the amount -of every ' demand, or part- of a demand, falling short of ten pounds. • . • This the Bank could bear beforetheAtiti-Jaeobia war; bat, when that *sr haul nearly dottlitisi the „Dialst,• the Interest and the num bit. of "the; 'pliy,tente, on account of Interest; when thisincrease had taken place, the Bank found it necessary, nut only .to augment the general quantity of its, notes ; vit found it necessary not onlyto add to the total amount of its notes; that is to say, to put out a greater sum in. notes, .than it had out &lire •the•Anti..l4eutnn war; but, it also found it 'necessary to put oust some notes of a lower amount than it already had, in . order to pay the pasts of ten pounds, which we hare just mentioned. . Ileuce male the Five Pousiror-NoTts. ;And, you will perceive, Gentlemen, that causes precisely similar-had formerly produced the FIFTEEN Poo sn NOTES and the TEN f!OVICII NOTE',; 11.11 Orly, all increase of the National Debt, anti, of course, an increase of the dividenda, or interest ; these being always paid at the - Bank,e(ler - lhe establishmeat of the Bank Company. . ,.. --. '. .-. ' .11 ere let us stop fur a little-anti isok bisekrtta the MjTTO, or, rather, MOTTOES, 10 INS" kiVet. .. JO-010.4RST, the-passage-front *Bu ttae , we have - - a picture at English Riot- Pityier 'previous to the war; alert') 04 1 . !Prjf 11+':1falkh.. Oka very pie. Sure aid otbettrintbeiteme Atiblieationgteatly tend. f ed -td prodocg r and ,Weati,v astitoste,ol believe,-any .bad troatiee r io4o4e4...toveodere.. Look well at that-guietOve, pc.ticsaegt:, Look-at the trittinphaut .tott,trtst.sl,lol7o es hibited betweerr the money of IVIX , lentland that-Of France, - which . laiter- country had then a naper.innuey. Aid, when - you have viewed ',`that picture in all its .paris; when you hare fully eattinirked the contrast; then turn your eyes to what , is oorecahiblted - to the world ; ,then see what Ems ' lish Batik Paper now is, 'and what in this regird, is .the state of-Frame, where 411 the peper.inuuey has, long ego, been dmtroyed, ;ad .whore there is no currency but that of Geld' and Silver coin, part of which coin consists of English Guineas, those gui neas. the a bsence of which all men of sense and of : public spirit seworely larneot, and the practicability qf_cansing the return of which is; as you will bear ilk rind, the chief object of our, liiquiriet t e il •- • p ; the Steunn motto, the ' pastage. (h u nt :PAINE (t e mortal antagonist of Busteses. tstretiiiryithing it elie).-, we have an opinion as to the conseqrsencos of the Bank having 'made five pouodooles. - WP have a prediction as to the inability which- it will produce in the Bant,to p . ay its higher notes. -This prediction Was, .iralipears,.wrillett e .iit Mara, 1794. and 'it was published' in England in, :or about, the mouth of June of that year; which was, l'aletvft shall see by.ead.by, only-about nine-months befell the . stoppagc. of .gold and sheer payments at the flank actually took place. - • ' .. In the Tittito motto,. tba passage froM the late "Lord Li ViRPOOL, SVO,liTreAs . ,ol)lOiltit i ant 'only .ef the writertlinsSelf ) 'ato m 11p0,Buch a,matter, le , AO very mewl- *authority, t :tuf t as. he asserts, of many others (doubtless, persons of distioctioa, as 1* rank, , . iit least) '; 'ere haitiii tiOinion,:' thee sancl '4iofteti,:that tiviqcreiase, / the ei)Ser.iiiiterte* was the first mid primer:pia e,ause of the Stoppage of Gold - and Silver . payments ist,the. Batik ; and Atthieft:; Opihinri pirftletly tOrrespontli with that of Pairre, .thete being thiti distlaCtionliilhomeritt of the twe ovrifera s -?thit Lord-• Itigiertukit e nl/ rcorded what '4tae l ba4 7 forateld.; - ,iise fortiei/4at the historian, : . gni if,tterthe,.prupbeCc-Thetil l itititlota little en rioui,' . . Altat 1 4 ordLiverpoul,.. •clerk.AO - Wills e‘ office bat •: waitiett • leader, ,p feigned. natneph t e.. - . ,plsion lifo alr: PA ymi, ahould become the reeorike of , Iffe track ilf , .Polazts.prildictiosis,-.lindt* tail ! hy i I .tetiste to tho , Kittge.t in witoaernalatibe lair irioik.giiiiiraii.: t g tbol t eedietions bed been - r peOsecuted ISA! tits - ft. gere sr.• three writers,' oat " . of 4 rAut s itrortikilt .andervtadding end exPririeicokrint the tete for. -., ,aier of *talon siardtlP6,,ev4f4ll(4l4o-111-4, O'V! or otin t i ty.st al I ri . pilet&iu imEli either; ti,.92 evehr eithr-quctition ; suet otve tieing tNe retief,toirs„ end. each.' tWo..hatioa the 'other (tile :'`ytOt allifgreeing ; ea • hartauniosrsly . as.. Oleic-Wines 'Wesilditior . if.r,iee;• if they happened to he tumbled Jogetlieto-. all agree. log as & - Ihttii•princi pits respecting. pagr-Money. IfeeniCiitier.'ireted rho 11 - frealiti of : the Deft . down'tri'llte;pliftrii forth' of the 'five pound, flank ,aotes, welwiii.rilist heft, And iliume the subject is .our next - s: Tim, Gentlehien e -." .. ' • • . • _ , , Your faithful Mend,' ; --.: , - State "Mari, Weweelei Motkla!, lym. cualitTT. mit tki. IRO. ~.