The British Press; or, Morning Literary Advertiser. — London, England, 1819-05-25 00:00:00

from paying in bullion?—might not the next step be to seduce the price of gold from Si.. down to 3/. 19s. 6d. and so the wheel might go routed ? What security could there be that the floss. Gen flintiest opposite, who had discovered a new light ole this subject, would not proceed to adopt any other ineaeure, if they found it to be to their advantage? lie felt that the proposed plan was dasigerous ; but be should out go fully into the details, of the ques tion, !weenie they would be better expleineil by 'same of the Bank Directors or mercantile men who witeild follow him in the debate. But what were the grost.,ils of Ilur pre.ssit lanceeiltng ? Nothing more nor less thall is consciousness shut the Bank were no longer to be trusted. Let it, however, he consider ed, that the opiiiiima of the Batik were those of the Butter nt the present ttttttt ient.—(fkar, hear, hear.)—But, as a new light had broken its on the nom Gentlemen opposite. possibly a new light might also Meek in we the Bank, if sufficient time were given to them. The ',nuclide wire objected tn, was now adopted by clue great majority of the Muse, that the price of gold was regulated by the issues of paper. The !Wok thought °therm ise, and when asset men of the respectability and rspen ente of tire Rank Directors affirmed the con trary, such • inoposition should not be considered us very nom-stroll,. The present proceedieg cast our of tile et verest possible. imputations on the nag& the greatert which could he cast on any iii dividnak, or body of individuals, Homely, that they were toot worthy of critifidesice, nod svoulti suit adopt liir slimiest way towntils irayisig their delfts. The greatest evil, however, of the Batik was, that the Bank had been keeping bail coin- Bear, and a Iglus:h.).— A diverting to thf tootle 'Jowled by the Batik for paying their rirlas, Lit obsessed. chat considering the large amount of the debt due by the Government to that tinily. the blame of delay should not lee thrown as holly on them, but most he sliiired by the others. And yet security I‘B4 110 W required from the Mink, Will seine from the (:ovetimient—from those who mere deceit , - 11.ein. They were required to let louse the wolf, owl Pet lie shepherd tit the stocks. Whatever lie stated oft t;.is subject did riot proceed from any re spect he en..ertaitted for the Bank us a burly. With slime of the iiidividuals compoeisig it lie hail lung hired in habits of intimacy, and to soitie lie was telated, but the sentimenti he should ex press on this OCC3SUM, could never be eupposed to ioruceed f r om any private feelings of this nature. I lisopininas were too well known to require such an exidanntion. lint still he felt very much fur thy situation of the Bank, neglected or betniyed by those who were once loudest in its sopport, and who now sought to destroy its character witl credit., No greater calm y could befal a Bank which eine pheitcally existed by its hold on public opinion. ill the ea,e of a private bank, such an sinnutabou would hr its ruin. But now the Bank, the grest &risk of England, was deserted by those who once builomtill it, and it Will, held up Ili the country cud to the world as unworthy of credit, and set wily vi I. tinned that it would do justice to its creditors. The Bailie. it appeared, COUIti scot tototrool its issuer, los:nisi- of the debt due to it by the Government. ‘Vi It ! let the Government pay ten lid Moose, and let l'arlieisient pass home strong resolutions, declais nog the intention of the Legislature that it should pity its debts withiu a cerutiss time, mid should The Batik then disappoint the country and Par liament, he would have no hesitation in say jog, tit a the Bank had forfeited its character, and lie for tine would gladly vote for its refine rod the transfer of its charter to another body. fir, however, had no doubt that snider such Clit'Uni*lutieelt the Back would resume cash pay wrists in IWO years, fur were the CUM amerce of the country to remain 155 its present state. and be un controlled by any extraordinary events. the foreign tiolonitges would come round, and it would be re difficult to get gold out of the country than to isidoce it to now into it.—( Haar, hear.)—Fie implored the House to consider the danger of poet iineirg the resumption of wish Liniments for four pats. If they were caught in a war, that would mot be the time for undertaking to alter the system. The measures which the House approved of lust year, mete not carried into effect, and the money wined by the House for rep:iying the Batik was not rondo's-41 for that purpose. he the Session before :s sum of six millions was voted, but not more Wan 233 000/. were paid, by which means the rove, set' the Beek was limited, and now they were censtite.l tier their conduct. Li Ms mind the dupery of the Batik was of less injury to the public than the lif Miiiisiters. Le again adverted to the plan, 1.1141 e planted of that part of it which permitted persotie possessed of a large sum of ~,,, tibtrin gold for it, while those who were hilt anfortunate, could obtain . Suppose • loan hissing a 10/. note in his Mind, were to walk into the Bunk, mid demand gold for it. " No," replies the clerk. " you shall get see gold for that. hut go buck mid procure 2431. and then you shall have an ingot. if you are frightened about the va lue of die Bank times, more shame for you ; a mast of your limited fortune hes oar right tube fright ened." -- Mew., hear, and mach ianghiag.)—There was nothing anwe crictelated to create a suspicion of this plan. thou the circumstance that so many prsi tical awn were opposed to it, and that so few seemed to understand it. The Don. Baronet (Sir IR. Pert) had said, that very few practical men were ex. *mined lwfum the Committee. This was not die fact, but at was true that crow the wunimit the plan was proposed, no f0111 . 1 . 111(41 it it was 4.11.111111141 WI its merits. It was made a 1 .110 of honour nut to conuariukate a word about it to the lialik Directors ; they were tattooed, sad driven assay, and performed a melancholy quarantire outside dm sluor, while the Committee within were sacrificing their interest.. Whets first contemplated, some questions were put in Nile un it, but Mr. Derail said distinctly it would not lw adequate for the attaiiiment of its object, and stated as hisopistionoliet it wwild he snarls better for Par liament to name some certaiu period fur the resumption of p.unsuot, and leave the details to be regulated by the Hank. sari, aeon was his (Mr. Tierney's) opinion. He doubted not that the proposed phis was the rose of the present decline in the funds, and was equally convinced that if the Was was withdrawn, suit that suggested by his Huai. Friend adopted, the floods would be restored iu price. This was an im yurtaiit consideratiun at the present moment, when a loan was 41111.1111 to be weveinted —(User, Ittar )—The general conduct of the Chancellor of the Exelwtorr was 'merely sionirtligilde, but Insole, as that Right Honourable Gentle. man Iti.l, MI alarms •linost as his daily tweed, he had no right tuned fault with (Alois. The principles formerly re. jecied were now carried loy acclamatioa,and if It did not sp. pear uogracitius fur him to speak of himself, lie might eased that the principle of the very Resolution which hr had pro. pused sonic years 'Wee uu this subject, was now adopted with acelatnaliew. Nuthing eou'.il lie lam e Anna than the figure cut by Mi . stiaters sin the late Committee. They went into it without • plan, and gladly magi,. at any, whether it came through the twispenoy-poet, or shopped from some gentleman usi his examination. The Ministers then swig Ti Deem, and exclaimed with trausepoit, " we have got a plan !"—(Haar, hear, Gad lasighter.).—The Noble Lord and the Right Honourable Gentleman, were indeed very constant iu their attendaisce, but they might as well hsve had Gug sod Magog fir any use they were.--(brueefer.)—lle paid a element to the zeal and talents of Mr. Peel, and cow eluded by praying the House to hesitate before they &Adopted the plan proposed by the Committee. The ElleeeeLLOO of the Excnetanto said, lie should have given a silent vote WI 'WS 011111jrCI, were he not •ppre. hummer that by eu el • g he unieht be considered as having only given a sullen and unwilling nriptieserisee to a plan which, in his mind, appiereil admirably adopted for rester. iug the royally to its ancient metallic currency. Had lie felt differently, be trusted Owl lie sl Id have the candour to express Isis opinion with t reserve. lie sl let nut enter et any length into the minute details of the present question ; but by way of justification of his own conduct, he should refer the House to the Resolution heliad proposed nn a former occasion on this subject. He haul then moved, " That it is expedient that the restriction on rash payments should he removed sir WWI as the commercial and filiancial cooditiiiii of the country rendered it safe for the public see ' vice." Such was still his sip' • and fr this lie shim Id nearer deviate. He had never imagined or moiled that this counts, could with safety persist in upholding a paper cir culation without • fixed standard of value, contrary to the practice of every to her 11/Ilion. A pal toil dr . elation from a in currency Was rendered necessary fools circumstances, and to the ancient system they should return is mon as pos sible The Right Hon. Gent. (Mr. Tierney) now, for the first time, discovered that in all the pest proceedings between the Bank and the Government, the former was uniformly rue. reef, the latter Maar, iii the swag With respect, how ever, to the repayments alb,. Ji ht to the Resik, the Govern meut had intended to make them more extensive thau they had done, but it was out a little singular that the Hot.. Member also now eel the amendment, was one uf a de. potation that waited, sin the occasion to those repayments , in 1"1", nil Lod L verpwol and himself, to rt quest that those repayments lie out further extended. He denied that the Rasik wee held tip to obloquy by the proposed wan, sud he was quite eunfolent that the Gentlemen of the Batik did nut mitertain any such feeling. The plan was &yewd and iecommeeded solely with the intentiou of preparing the public for such a change in the internal erosions! of the (multi y, and not as a eusistraint upon the Bank. With respect to the several plans proposed, there was sinus which in his 'Moil combined so many advantages as the plefellt That plan, whieli was founded on the principle that the Rank should pay ii. bullion at the market price, afforded nu advantage Ve• regulation of value, because the valuevaried every slay. Another plan was proposed, that Batik nutes *humid not he paid on being presented, hut at the expira tion of R certain time after. This, however, would cause a very injurious difference in the value of mates of the same au ;;;;; ial amount. Other plan., founded respectively on a limitation of the issues of the Rank and a variation 111 the staisdaril, were proposed, essamined, awl rejected. He argued, that the ainendmesit was exposed to the same objectious as son 1J with propriety he urged against the plan of the Com mittee. The Right lion. Gent. (Mr. Twee)) had said that public opinion was IlletiliSt Me plan. True, public clamour was opposed to it--(Hear)—but he trusted that the discus. eiom which was floss iii progress, mid that which had taken place in the other House, would contribute to disabuse the public mind in shit particular. He denies' that the plan, rightly understood, contained any thing which should cause a reduction in the public fluids—(Hear, hear) —end be hoped a few days given Its the ocaminatiou of it, would shew that the public concurred in Ins feeling. Four teen gesitlensen wile examined in the Committee on this plan, of whom lea acre in favour of it. He re viewed the opinions of those who opposed it, and con tended that they were opposed to every acknowledged theory on this subject. Itereiriag to Mr. Bariug'r evidence, which lie considered the must important of any, be could out avoid thinking the observations of the Right lion. Gentleman (Mr. Tierney) eery extraordinary, when he re. presented that Gentleman as having given ass opinion unfavourable to this plan. He read several expects from Mr. Ilaritsee evidence, to shew that, if taken altogether, the inference should be eeseistially differeist. Mr. Bering had, in fact, dee'. red that he conceived the plan tube perfectly practicable, and that it had been in opera. Lion in the Bank of Hamborgh, the most esteemed for its mode of cuuductiug business. He (the Chaocellor of the Eccles quer) enter lammed not tlie least doubt that when the plan was folly awl fairly examined by the public, it would be nu less approved by them—(Hear). Mr. MANNING, at considerable length, opposed the Bean. 11411011 S this h emanated from the Committee, and pointed out the alterations which had taken place in the practice of the Banking business generally, since 1797, which made the whole diJTerenee in the speculati 111 l made by a Noble Baron elsewhere (we ',noisome Lord Grenville), respecting the SlllOlllll of the circulating medium. He was reedy to admit the necessity of permanently firing a period for the resumption of paysnents in specie. He begged to remove the isle., that whatever stay he the issue of this question, it was the intention of the Bank to contract the circulation of the country to a degree injurious to the cumuli-mai inter ests.—rffeer.)—Bait the result of the sue" might cur. tainly resider it imperative upon the Bank fur these own security to adopt a system which sissy have that tend ency. The Ilunonrahle Moonier then read ■ vaui. ty of extracts (sem the evidence before the Committee to shew that nyder every ciremensisme she Directors of the Malik had anxiously contemplated the sesosuptiou of each payments, and never los: sight of the best means of effectively doing so. If this were ever in doubt, surely the six millions of livid issued iu 1817, mud the 6'841 greater nun for which the Busk became humid, ought to have set that point at rest. The Hos. Member then reviewed the aammits of the issues of the Bank from the year 174 e, and pointed out the errors into which several iitrliviilsnsls had fallen iu calcu. lations snide therefrom, without considering the simmer in which those accounts weremade up. The effect of .the issues of the Bank had, be contended, iimariably rec. ailed public ere dit. The Court of Proprietors, in 1747, had esseunraged the subscriptions for the loan of eight sailli 111 l s, or else it would never have bees raised. He would again repeat that the Court of therefor, had no °Wellies to flay i n specie at a gieen period, my 1841, but they objeteed in the imersociliste ar rangements, therffect of which would he to ors those persons in motion who dealt in bullies, so as ilsiu Abe Rank would he cramped and dismac ted in their arraiegesui iits to seeuterno. date the public and obey the Legislature. He also objected to the arrangement its the amended Resolution., which pre vented the Bank from purchasing Goveromiset securities, and pointed wit the occasions when the Batik in en apply. plying a part of their capital, bad mate. jelly teetotal, public credit, by relieving the niailet limn the pressure of Ex chequer bills. Mr. RICARDO did not fur a moment dada the desire of the Bank Directors to resume eash payments, but frosts the evidence before the Cumarittee his opinion moo, 1111111ln (the Directors) did not know how to go about it —(?firer.) —For instance, some of the Directors declared their opinion to be, that no issues of paper could affect the exchanges. After such opinions, lie thought it highly iuexpedient to karc this petition any lon,Ter tinder the discretion of the Bank, and be thought the time had twtly arrived when the Legislature were called upon In prescribe to the Hook the course they must pursue.—(Haar, hear, leer}—He was also ready with the Right Hun. Geatlemau below itiso (Mr. Tierney), to devise nay means by which the Govern. meat as welt as the Bank !should be prevented front keeping those close accounts together, which were productive of such ill effect. He confessed that be eauldirel mu confidence iu the existing state of thongs, until those who eau regulate the amount of the circolating medium, moil cortege' the re gulating prices of every commodity in life, are brought to cousider fairly the state in which they stand towards the country at la►ge. The whole question was simply this, whether they were willing to raise tee value of their currency three per cent. '—(f/ear.)—The process was very simple—by withdrawing a certain quantity this result was effected. The paper mooey must he made cosiduCCllllbk Its the metallic rtsrreury, sad them the public would he safe from any serious ileprsciatioo of their circulating medium.. TH.F. 'BRITT S II PRES S. LON DON, TUESDAY. M*v 43, 11$19. Last night the House of Commons resolved itself into a Cos ttttt ittee to like into consideration the plan suggested by the Committee on the Affairs of the Batik. lot securing the resestablishment of a metallic standard of value in this country. In the Committee, Air. PEEL, as Chairmen of the Commits t ce. submitted a series of Resolutions, embodying the plan which hr developed. in a speech that displayed profinna knoaledge of this intricate and abstruse branch of political economy. We have tarn par bullet care to present to our readers a very ample and correct report of Ins speech. A series of Relict lotions. by way of amendment, were proposed by Mr. ELLtcE, having for their object to insure the repayment of 10 millions of the Government debt to the Bank within two.„years, to restrict the foliate advances of money by the Bank to air Gos veronica. and to compel the filial resumption of cash payments on the Ist Nlisy, 1832. At two o'clock this morning llie debate was ails jimmy(' until this day, when it is expected to be ter iiiiii med. The Stock Exchange was crowded at au early tour last morning with broker., anxiously awaiting the commencement of business. The dffitirty or the merchants and traders was fully as great as those persoosinimeshately connected with the storks market. Great *somber. wese upsernhled on the Royal Exchange, to bran the result of the opening. Consols, en Saturday, left off at 68i, and us the greater proportion of the stock-brokers were eager ilw market had nut opened tire minutes be. fore a further fall of one per ce n t, toot !dare, con siderable business being dime at 675 and 671: iu deed, PI great was the alarm, that few persons would venture . to buy at any price. Consols fur Money le ft on' at MU, and sit the same for the Account. At one o'clu, k , Bank Stuck hail declitird 10 per Gent. below the loaf fatice of Saturday, and at the close of the market it bad auffeted a farther de. preasion to an equal extent, -being a fall of 40 per cent. since Saturday. We hive received Anseric.us Pamirs to ilie '2lOll They contain the following iiiielligeoce re oyes:inn.; South A.sieric3. IVe ire loot so smgisioe as to expect tlist it is sweinasely over, but we trust that it Is MA without 10U11114114.11 : " ST. TNOIII4II, NIMICH 30. " fly it vessel juat arrived from Cutacont;ttews had le en received by a vessel arrived there hums earth:mecca, that the Governor of Panama had written to the Gover nor of Carthagesta, fur all the forces he coedit muster, for his succour, as he dreaded an instant attack from the In dependent army, which, after having taken I was then atlvaileing rapidly to the 111111111 . 1 - 11 . 41. 110 11111114 10 smock his past. It is also stated, ilett of the fleet it Inch sonic time 11140 had 1130M11 (runt Spain fur Pyro, lb. crew or one v es s el lied mutinied mid carried her into Valparaiso, waUun that the rest of the erputdron were in a simil.ir state. On receiving these U 14011111; the Government of Va!pal also inametliately dispatched the NIDE V 1•1•111.1, Siegel Sue with the rest of the squadron then in poi!, to intro rept them, which they Derilrilititly effected ; and, after rachatiziaz a few shot, the whole Spanish A pet joined then. They onto.- diately proceeded to Callao, stutter the %;lialli , ll warded the dispatchea taken nn board the wpiadrtits, In the Yu:cony, and debarked the ti hole of t!wir fulcra, which were received with every de ))))) nstrat or joy. They ens hie:i.tely Net wit for him', and tiitik penceithie postessitiu Of 1114 city, the Government suppoaing them to be frictida." Dutch nod 11-14talsorgli,Nlailit haws arrived, itlt Papers to the i 2.1 io►t. A ilrt.thilltel tire iiritkr iii.t the 3.1 lost. its the wh.eli destroyed no intatru►r 110:sillily of limber. Tha damage is estimated at 150.000/. MAMBUlt1:11, MAY le. Exelissige on (wait!). J.I. 71.-33. 10 Ye.t•rilay worn's% the Duke of YORK left tows for WIMIOOr. The Persian and Algerine Asishlsesadors having been introduced to the PrtiNs Y. REGENT. have wire vsid their respects to die I)tike and Doylies% of rnak, the Mike and Diaelorss (:Lut.cEarku, the Duke and Dtieliever of KENT, &r.„ The Diselserra of li« o t continued her airing% in a phaeton, driven by the I)uke iu Keinitsigton Gar dens., to last Thoirvday. Ois Friday her Royal ilsalintas vra. slightly intlissporscil, in whirls shrte she continued on Saturday, and oil Sunday the aviriptisnis of her Royal fliglineha giving birth to a Prince or Prim:ear increased. Dr. D.ivis, the Physician to the Duke and Duchess, having had the honour of being appoint eremechetsr to the Dudsto.44, frequently visited her Royal Highness. On Sunday he visited her three times ; the last was seven o'clock in the even. iog, when he returned to town. At twelve o'clock the Duchess, and those in attendance upon her Royal flightless, being of opinion that the time of her delivery was approaching fast, the Duke of Sussex's carriage was sent off for Dr. Davis, at his residence in George-street, Hanover-square, and the Doctor arrived in the carriage with all possible speed. At the same time messengers were sent off to die members of the Privy Council, appointed to attend upon this occasion, with ',summates coin maiedirig their attendance, agreeably to the Consti tution of England for all Royal birth. _ _ The Marquis of LansiloWn was the first Piivy Counsellor who arrived, and he readied the Palace at a quarter before twii o'clock. Mr. Cunning ar ►ived next, at two del. ck. The Duke of Welling ton carne about uqu ti rer of an hour after. Th e I)iike of Sussex entered iron his apartments iu die Palace about the same time. Esrl Bathurst, the 131,11 up of London, soil the Chancellor of the Exchequer, followed. The Chao cellor of the Exchequer did nut amyl,- till shout three o'clock, owing to his Wing BLickheath on a viol' to Ilia mother. The ilt.inbrr of the Privy Council oat in the saloon adjoittiiig' the Doelirss's chamber, where at • courier low four o'clock, they were lotti•tiett of the delivery of the Dtichriot u( • female child, end which was accoturanied by the following ter tilieiste:— " The andersiened hereby certify that her Royal nighttime the Ducheta of bent was safel!, delivered of a female rllllll, filmic at a qiieritr paid four o'clock, in the morning of the 24th day of May, 1819 " DAVID D DAVIS. " J. WILSON, Domestic Physician In their Royal Highnesse• the Duke and Duchess of Kent" On the same parer • certifc•te by the Members of the Privy entitled present, that they were sati,i. fi-d •• to the delivery of the Duchess of • female child, •nd signed •ccurdiuk to their rank. The f o ilewi l ig statement of the joyful evilit, was issued froii the Polder : May tY, Vi*. • The foifoloving Noblemen and Gentlemeu of his Majesty's Privy Council, astetuleil at the accouche. tura of her Royal Highness the Duchess of Knot His Royal Highness the Doke of Sayers. his Grace the Doke of WeMurton, aloe Airlahishop of Canteihuiy, the Must Noble the klaiqui. of Isinsdiiwn, the Right Honour*. hle Farl Bothnia. the Right lionnurahle George Canning the Bishop of Imp toil, and the Chase,Nor of the Excheque r : " A Quarter past Four 'Mort, a se " Hes Royal Highness the Duchess of Kee, was safely delivered of a Princess. F. A. WEATH ERA LI, " and Culatptruller... IWLLET IN. " 114 r Royal Hirhnew the Dockets of Rent was wifely delivered ..f a Primes% thiv niu....nr, at a quarter slier four o'clock. Her Royal Mightier.. and the Princess are (Juin well. M J. WILSON. " DAVID D. DAVIS." Dr. Div visiiKl the DIVIICIIIIN1411111.1;eivern two end 'lime mitrr which the following Bulletin was 11.4tWd " slorolay, Three o'Clock, p w. " Her Hoye! Highness the Duchess of Kent and LIT fret evuLioue its hausurable state. I. W I ISON " DAVID D. DAVIS." We hear, with sincere regret, that Mr. TOP. PIN 17 ha• determined to retire from the Bar, from ill health, which for seine time past has reduced him to a weak Pod prreafilAti state. We • hope quietness, and retirement I. his delightful sear, Whatcroft Jidil, Cheahi►r, will restore him to his family awl friends, long to enjoy the sweet reflec tion of haring discharged with distinguished zeal, stern and inflexible integrity, profound ability and indrl►etsrleuce, the arduous ittitire of his profession. Tilt Bar has lost one of its brightest and meat vele. able ortiawruts. SOUTH AiIIERICA. On Thursday :art arrived iii Lniirkti Bon L ou i e .104. de Yrisarri. lit' Gellert! Deplo y ~„d presentative of the Goveiiimei,t of Chili to titanic Niajes'y. Don Yrierrri was formerly of Sate, mail is the lame who is m rid i, in the Report made to the Government of LY-itid Slater by Mr. Bland, rent to Chili so tie C missiorirr. He brings to this cr.u.,try th e , 4 portrait Treaty between Chili sold Buenos A ; , for the liberation of Pert:, which , in our next, shall have the pleasure of frying before our - - 711E44 IlteS. 'Met:Y.I..4X L Fl fluke mid Duclie4s of Gi.ourtsTEtv no 1 ,.. ( 1 th is bowie iiivlit with their pret• qi a it to-rimmed mollifier the perfotinaliee of / 40 ,., yawl eh. They were fib on their cun t „ tlo the loyal no ti iii,pidar mil- of G'uff sate the which witg attended with the usual saitttaiiiitcefr,c COVEIT-04 !um. Last eveni,i Tuo resortlay thief theatr e , iii.°rtirtei,7:llrworeeri:hadtriaicv‘ of Sigissfittsidu. \\'r cannot say it is a hippy re 111%11 , for eve are never satish.-11 10 baying Ijli s L. played a part as AO: as it could be anointed, Woe it tires not give her the opportuatty of desplapn her great powers—tee have the seine kind of tee iti.; as whets we are a Leanttful man: In weeded front coining to perfect hlussetue bt-iiig placed in u shade, and deprived of tiir I teeth of the Mill —we exclaim, what a I ,,ty *mild be beauttful if allowed to tonic to pt, tom. Si, with Miss O'NEtt.t.'s .Sigiratiradit: admired her talents, as far as the luaus of author allowed her to exert then., but we regret (lie character mis so confined. She received gri wild well-merited applause throughout. Her dyil error ws. excellent, Mr. CHARLES KEtIOLI Tattered was highly creditable to hills. Mr. M A , BEADY was the Osmond of the night, but it iii r character suited to his line of actuig ; he, ha. ever, acquitted himself well. The house. was misa eel, and the play was given out fur Friday big amidst great approbation. TRIUMPH OF WASTMLYSTER. PURITY OP ELECTION. The twelfth anniversary way celebrated yearrdsy tutu,: at the Crown and Anchor Tavern, Strand. At tivr o'd the company, upwards of 200 in number, sat oda. tier, Sir Francis Burdett, Bart. M P. in the Chair Incleduit and other professional gentlemen stteiat fine songs in the course of the evening, and the “Juilwil did not break up till a late hour. As to the plan by which this alteration was lu be carried into effect, the Bank Directors were the last who ought to complain of il, fur it gave them the op portunity of filling Ike whole rummy with wiper, and kreping out the bullion if they pleased, by iirwt keep ing up the value of their- Bank mutes SO as to make them, far convenience-sake, snore acceptable to the p ublic. The . . priipoord pie., he repeated, would raise the valise of the cur. reney three per cent. Who were most interested in rah,- hog the value sof 'honey ? Why, he would say the Bank were—and here was an opportunity in which they could really promote their own interests. He certainly was not di■pesed to agree with that Resolution which made the payment of the (hoversonseut to the Rauk obligatory. He saw little reason for the Legislature to in wefts e peremptorily in this moonier. The deli, iii this re spect merely respected the propriety of the advaocrs betimeis the debtor sod creditor, mid the prudence and expediency of the arrangements between the parties should he left to he settled by the Direttoes and their consfithenis.—'ffenv) He denied that the rule of interest iw n 44444 cy could he affected by this :Lange. He fully concurred in the npuiiona of Dr. Adam Smith and others, that the rat' of lutenist obi' not depend son the amount of money issued, but lIU the profits to be made on the employment iif stock He ci 'handy wished to restrain the redundant issues of the Bank according to the present system. But the proposed plan ihal not mallet the Rank in their paper issues until 1829. All lie was afraid of a as, That they would he too rapid in their reduction. Now, an different a view dill he lake of the conduct to In Vlll.lll'll by the Rank from that lie feared taken by the Us. rectors, that if their stuck of bullion were only four millions, sud were he a Director, be should be hold enough to recom mend their selling out : Aril, because such a sale would re *duce the 21111111111 i of their moles its circulation ; and laigauie the sending the toillion into the market, would operate to the irdonction of the foreign exchanges. and he would nut buy until the price was sf. I?, ISt The Ho. nourable Member here ro capitulated Ilia tot o 000 ons on the theory of excliangeas, and said, he had no reason whatever to &psi t from the opinion he hod laud down in his writings. He exprrssra himself quite ashinishrol at the alarm which prevailed on Slut spiritism out of doors %'hat! was the coedit moil stability of the Rank to hr shaken by a reduction of a million and a half in the chrreney of the country on the space of the whole four years ? It was to him unuccumotable, rind lie cold °lily attribute it to the ilooliscieet language of the Ralik Directors, who had, by their Remonstrance to his Majesty's (' ioneut sounded the claim throughout the country. The House had not, as was unnecresarily asked, withrawn their confidence from the stability or probity of the Houk- !nit ilio y had wilhdrawu their coodideme from the Dui-clots, as to the best 111e1114 for resuming cash pay. menus, from the ignorance of this priuciplow upon whio h they menu, to bring about their measures. They loa.l had ample means to resume rs.:ll payments, wad they overlookrol them. Let lam nut lie told by llw Hun. theretor (Mr. Manning) that the Bank made those advances to Diovernmeut for the purpose of serving the public. They looked on these train actions to their own interests, and not to those of the public; with the latter, as they had been properly sold, they had unsling to do, fur Nrillllol.ll, sac alms.: ciiiiipetent to superintend them—( Near)—lt SePlilell they lola a mil lion of ssichicy here and a moll um there to ■ceumns..Jsle the politics. nos accounted for the undistributed ptutiu perhaps which it wa■ thought were to their coffers. It seemed Nlinistees had bail a great influence upon 'hem ; he rather thought it was the Batik Directinis who lead a propensity to become Monsters.—(A hirph.)—The proposed plan would, be was store, succeed; snit IR few weeks the present alaru respecting it would lie as us. terry forgotten ■s if It haul never existed, and those who 'lased the unicry would be astouished at their own wreaker's. The lion. Member then, with great force of arsuuseat, coo tended that silver coin could never drive gold out of the field. Mlle Batik bad site power of limiting the issue, it had the power of regulating the value of that issue. Sup pose, however, that Gneisse Nlinta would throw is. a silver coinage, the effect of which would be to resister the silver coinage be►e—still be would contend, as this ruin was a limited legal us oder,. its value would he depressed without rite gold eons being affected by st. He was ready to argue this point at auy time, though it did not come regularly within the prevent question, either with the Hoes. and Learned Gettilentan (Mr. J. P. Grant), or even wills the Noble---he begged pardon, " the Old Merchant" (allitding, we 'oppose, tu a Noble Earl, who published some letters its one of the public prints under that signature). The Hon. Member theft re-asserted sever .1 of his opinions respecting the certain result which must follow the adoption of she plan proposed by stir Committer, and sat down amid loud cheers. Mr. Alderman 111 Excare VIM' at two o'clock, and was about to deliver Isis sent 1111.111., when Stir impatience of Hie House for an adjournment of the debate was loudly malls tested, and Lord CA , ITLIFSMAGII rose and prnp•.ard the adjournment until this slay, abets Ise trusted that this. motion, by taking precedence of all where, might be brought to a termination at their next sitting. The CHAIRMAIS then reported progress, mid oldaioed , leave to sit again this dm _ - _ he. tither Orden of the Day we►e then di.pestd of, ■nd the House adjourtieJ soon after Two o'CLock. EARL OF ST.4MFORD. We have to record the death of the Earl of Stator, sod Warrington, Lord Lieutenant of the County Cltesin. His Lord. , liip was horn the 14 October, 1731, and mond in 1783, Henrietta Cavendish dentine*, second asighterd William second Duke of Portland.—Hts 11.4 , 111,hip was tie fifth Earl of St emford and first Earl of Warrington. He is sac ceeduf in his titles and estates by his &drat son Groat Minh now Earl of Stamford and Warrington, born to lie; POLICE. SOW • STR T IT Yesterday a man who says his name is Drhiiny, rat brought hi the office '411 , 1 Underwent au exam 4';l ,1;,;e11 on f ugptc ssss of intending some bodily harm e, Diem •ot she Duke of Turk. Mr. lemiley, the Mike's steward, and hi. Page, attended to substantiate the elm ..,1 , 0111v)...• wide nee it appeared, that about a rot titiglit stout the Doio hail retired In rest at Yolk House, St. Jallir. ' s 1 and the Page, whilst psigint along the passage !who: to his Royal Highness's bed-room, met the rename,. of whom be inquired what Liminess he had there. He Rios found that he was an intruder. The account Uu Mali ;ate °limns. If tins, that he had repeatedly wrtltru to the lisle for relief without being able to offish; it, and he knew that ( he attempted to obtain an interview by fair means, Le should 114: selessed admittance by the porter at the door, nt.i being deft 'mined to have a personal Interview wall the Delm of Viiik, whu could afrold him relief in hob distress, he hael determined, by a stratagem, to procure an interview, alert was by getting a large alone, lyslig it to a rupv, and Oast , ing it over the garden-wall. The Primmer then Intl. 1 ne the most incoheeent manner, particularly 'boot to re did by Use Almighty, and also leaving been guided stars. His Royal Wellness had declined any proca•4ines at II time, but as the Prisoner has lately made tithe! Boobies to procure admittance into the house, it was Ilionzl I ivisile to take bleu into custody. He was enninotird Bridewell as a vagrant. The unfortunate man some 'WO time since to drown himself in the canal io at. Samea's Palk. Mr. Wesr, the venerable President of the Rnya Academy, is so much better, that his friends ester• tans sauguine hopes of his speedy recovery. .„, ROYAL. COSUIIa THEATIZE.-W c know of its Once of public amusement that keeps pace with a liberal public, in return fur its patronage, more than the above Theatre. Novelty is the prominent feature of is management, and was strongly enforced List sight, production of an entirely new historical melo-drama. tray' partly from %Tema Score's " Lord of the Islet." *l4 " Barbour . * thetory." 'Whatever stage effect can produo,. 6 there elicited in the happiest winner. Its incidents sod • , tio truns--itsacenery, 'machinery. the costume a the dresses ash decorations ao peculiar to Scotia's land, are there Wally given in a superior style of excellence. The c.iinhos too, and combatants., are worthy every eulezium ; the or of the bow and cloth arrow, the claymore, pike. Dud ta , : l , with the highly-renowned fact of the death of Standard Bearer, Wailer Rose, was represented in a ni beyond disco ption. its . fret was electric, and hOnearel with the loudest applause we ever heard. %AB North Par. at ha lf •pi ice, closed tl.e mimic scene; and Robert tie Bard was announced for repetition this evening, amid,t t h e must sheering acclamations. The Rouse was cron•ji:d is o+ll past. Yesterday the disp itches for Bengal. by :4 'hos Atherton and II•oghly, were closed at the EA India Ilotpe, and delivered to the 3lastent ni thus ships. Passengers per llonghly:— For Bengal—Mr. J. Prinsep, assistant aviny-nmetrs, Mews. Tod and Russell, assistant-surgeons; and Mr It Botsford, cadet. I)As•engt-rs per Abhereon : _For Reogal—Lieniaaant, Mrs. and Miss Mode, r''.l Ws qdet BIRTH. At It. Avtan't, Monmouthshire, MI the Ilat the Liuly of 'Mayer J. C. Smith, of a daughter. LONDON : Printed and Publisbed as the Office, Nir• Strand; .where Athertiserneats are received. and (Past-void) must be adJres•edTC• !Nall, No. f. I.letnetst's Inn, Printer's-J. WWI; No , 121, Pe bliabrr. A. ! : I 1 1 r olw irtf, tea. he nig vt:• 'I , -. .1„; • !o n ,: ;rut lou t i J LII AL. 14 011 a• Aut t