The British Press; or, Morning Literary Advertiser. — London, England, 1826-02-18 00:00:00

41" -- t, No. 7/2:35- FOR l'.‘NA OA TIMBER, ASH OAR "". .RAFTE.Its. l) lA:DINAR V DE.% Es. .V.: 7'F OF Fl t' E. Feb. 17.1E124. P r i•n-ipal ra and e...inintiaviwicry of h;., Ma that en TIWRSI).-IY. k 1,17 al', 11 it, th7o , still be really tp treat .w he ni~hae to contract for supplying hts i ‘:.e Aiwtes, to . he itnportedt •:: !A. ‘g reetive any prapurtine of ntie u.a. kct which the ',Artie* tendering lho(11 ils 11111' 1114 Acr. CANA DA HUD PINE TIMBER. V E.1.1,W.i' I'INE TIMBER. it'll 0.1 i; R.l F 11:11' IXatri' Ott I:if .1 Forms of the Tenders, may ►e iil ::c receivel tiller One o'clock milev, the ',Arty or an agent tee; at this °tilt e. on the Jay of tre.it tor Itlrn atttiuls. tarn Tv , iiirl N a y, 'twit, to . by a Letter atireasetl to the ~011‘i';!_ persons, ei.gaging to in the sums hereinafter iossnine boiti.,l with rneatioacJ, Ca the Timha Watt' , l DC •I 11.(11 , 1 OI th:Ltriir“t, viz.:- . . £2.5110 . . 1.00 . . . 1,300 .......----------......-. t 1 C/SK (irk teE, toNDCLV, ./.7tootre K. 1615. TO nt; Sou - ) BY A l'C'r lON. rle °fe.. y,,1 . : ••• it,•,!tr-q C e the ~ntrzissiortere of hie Mat.dit's / •;.. It. t.e.0i...., in i %pinion.; Room, at the ta(Mii., ( )I.' it ..,.1....re or. ,t 1 TuE7l :).l l' 241.vi.}:D. Nj;3l)lY :2 1. T•!!•; , •....r).‘ V '2%,..., nnti Nit IDA 1 . 24th of Pt >r. lati at .. - t't.i tck each (Is?, tlie fullotring Goilill ill IstAy alga io ?mous pun.h.stas . - k . Vet Affee PARLIAMENTARY INITALIGENCE; NOM OF LORDS, FRIDAY. nliztraar 17. AVlite Raw Spirits Vine:vac Molasses Sugars S il:s I 'nu t and yahoos UM SIAAVIVV. The htargais of 1 a petition from the inhabitants of (bosomy. proyhog the • to wito vette 'magma for the *bon! too of %Liver,. or P Poi Gr. j In sad The Earl of TA N Eitl , I ,E presented a similar petitinq from the Mayor. Burgesses, and other inhabitants of the tower of Ber wick-upon-Tweed. The Alarnuie of L4NSDOWN would net trouble their Lordships with any observations upon the Important subject of the following petitions, but hoped their Lordshins would anon take some measures for the abolition of slivery. Tie Noble Marquis then presented a petition tenni a body if Protestant Dissenting MI. sisters, residing in :he cities of Westasinater and London, another from the inhabitants of Warminster. in Wiltshire, another from New Mahon, and another from the 31a , yor, Burgesses; and inha bitants of Chippenhint, and one trout heanses, all praying for the abolition of•slavery. Lord CALTHORPE had petitions sialitar in their object to those presented by the Noble Marquis; end his Lordship could not abstain from making a few remarks. Thosepetitions did rot pro ceed from insincere or doubtful characters. but they were the result of a deep conviction oo the part of the petitioners that slavery was incenalatent with the best interests of the colonies as well as of this country. When his laweithip RAW the manner in which the proceedings of Goventment and of Parliament respecting the slave trade were received in the %Vest.lndis colonies, he entertained a strong hope that the present Session of Parliament would not pass without his seeing a substitutive measure introduced either by his Majesty's Ministers, or some Peer better qualified than himself, to ameliorate the condition of the slaves brow colonies. When he considered the respectability of the, petitioners, and that their reso lutions were fortified by the voice of the people front all sides of the country, his Lordship felt confident that Parliament would reflect seriously open this stilt:A-et, and take It into their early considers, tioo. Those petitions represent a mass of upright generous Engi%.ol feeling, and they would be ,powerful auxiliaries 10 their Lordships in putting down that refractory spirit in which the Communications of Government and the Acts of Parliament had been received, and almost rejected by thcse nominal assem blies in the West indict; ; he hoped their Lordships would take steps to enforce those measures. The petitioners had no interest but justice and humanity, and were on thataccount entitled to the more respeet. Their Lordships inlaid, he hoped, receive those Petitions es pledges front the peoplaef cordial ai.nperation in the cause of humanity. 1118 Lordship diet' presented the following peutions:—From the inhabitants of Dudley ; from the town o, Warwick; from West Bromwich, Staffordshire; from a Society.° B ;mists in Eaton-street, London, all praying for the abolition of elsvery. Printu4 °alit° Ifan.:kerclnefa • , rtigo lidos • lir - MeV* lAitaehe • rentity of Leaf, and Ilritish and Foreign 311ana tatutat Tobsoen:Sevira. wet Snuff: timalges n f th, t:ofF.T, tend Tobacco, ant the I j imait to be seen .a • W.tr.:l‘note, 011 Itroci-street, trout aiscal, II 7h, to the ":elect. frotti 111 tin 2 o' lock, and on the I/I SA4I, r." 0.11 II) tin 12 o'rieck, whet.: Ca:alogura may be r.T.la own. (2 MAL/1E L I)5.—D ISTR F.SS of the 81 L Feb. 17, lei& #1 • ? darn Na of the Ci )MMITTEIi held this day in the rt B rso., M.P., in the Chair; Illbsolved, That ag to the very many applicants for relief, what vp to. this 'tar bare resemd the coacher of 4.146 lases, s ad. oreraeing four to s feurir, amount to 16,504 persona, rte der/minds on their fords !Inv.! br. o so great that the Com mittee ate unt:e- retrzssity of statirg, that unless the Fund jested at their d..aptasal he promptly And considerably augmented, fie Committee will he comp.:llM rot only to refuse ell fresh ap. Kostions, bat t totl.sconii-oe .ttfttrtlirp flintier relief to the d istrese- Mir mass that nave •1;:•.: wt. tl in their consideration. •Adeouct sberdy a.try,•Ct..ttl, t9.#3.0 lea, Bran D;lmar, by . liy NI:V4In/ lirodings ani Co. Me2o.r..lloait a-t L 25 0 • Jon Irate I)risene, Esq. 151 0 Mrs. A. Alcca:.d.r. by I Rev. C. W. Davy - 2 2 Mr. Il..lford - 3 :; G. CUMllifilg, Erg M.P. 5 0 J. piturj. . .hlt • Ed wird ItsvenuiMl, Esq. 6tl Mrs Dent, by 11r. Item- Ily Mersrs. Ilernniersieys and tau Cr !Le F,nrd Ft.! A "tilt:: by Le. I 3 ale Cr N , .... a / 11:;, ~.. I - A t IC-t, , /1---ei . a..6(..f-t-eA___...._ / ( / ,za t t.'...';74‘ --,-- I 7 . , „.......t„, .. 4 1 ( i rtilLUA „,„.,, • ( 1 . 7",''' - ' .I 3;;FT - 0` •,,, 4T ,r,. prritt 4.7,74 r , Pri 7aA might go on in a state of delusion whilst the bank tlu preset/4 a reineuy. Now, this coil,' never be the ease if there was a lir. circulation, and it was as clear as light that the Metallic camel ls:ion would be indetsed by drawing in the bee and tiro pound bank-notes. But there was another eraisideration which he thoullht was, or ought to be, overpewertnel and that wet, tbet if an ant: fortunate crisis of this nature arrived, and in a great commerti country like ours perhaps it was .no mach to expect that we oa !away. go on without such an tarenrenee, but in case of such an. event under present circumstances, lilies) the evil came it was sniff to fall upon the greet body of the pine. Under such cirett stances would their Lordships consider the situation of t poet , man He could not refuse the Lome; He mum be his daily or his weekly wages, and he dinrot retain the note, for hi MUM. spend it to supply his daily or his weekly wantr. In 4 country where the banks stopped, such an event was -not ad all unlikely. In one county seven or eight banks had stopped, and let their Loedshipe consider the state of the peor inhabhaote of that spumy, who put their little deposits—the savings perhaps hard industry into those bank'', and were obliged to hawk about limb notes, offering them for lode at Stain the pound, and nom dross et leis, to •purchase the common necesearies of life. This wag state of things wince' could not exist if we had a metallic currency. (Hear, hear.) The question no* came to the difficalty of arrielng. at Ibis metallic circulation. This was certainly the most material yart of the subject, but he thought the difficulty hal teen muck overrated. In the first Ogee the preSent situation of the caentry should not be forgot by their Lordships. It should be remittal that in this great metropolis and all its dependencies there wee thing bit a metallic circulatiOn. In Liverpool, a great comma place, with 'SONO. inhabitants, there wee nothing boo a metallic eft. dilation. In Manchester, with 010,0e0 inhabitants, thetewas nothing but atnetellie eirulation. Is short, in that whole Metric', contaiatail • not has than two millionk of Inhabitants, there was nothing bat if metallia citellation. 'Taking that district aril themetrepulia, it be sad that with respect es taut millions of the ir.kirbitanne cd Odd island, and at team two.thirds of its wealth, there was nothing bat a no tallte cite/Batton. Nov wit this not prism fisHe vitt/isnot that there would be no great difficulty in extending a sytte tem which already prevailed in London and in rte depeo-: d*nehre sdrffslierna aim saws" tefs beneweled and its dependen deal If the merits of a paper circulation were eg r im snore would hare it supposed, that description of circulation would he fount/ more necessary in London than anywhere else, from the extent of business as well as teem the rapid emulsion of money. he Man.: cheater where, as he befmenbserved, there is nothing but a metal+ • currency, an attempt was made to establish a circulation of one and • two pound notes; but the inhabitants, in his (lend I tiverprors) oeinion, very much to their credit, re acted the proposal, end chose to remain where they were. In the measure now About to be pry: posed, therefore, his 31ajesty's tlovernment had experience at thole • sine, and there were other facts wbich proved that these would , led no serious difficulty in executing the proposal. Their Letdthied pretty well knew what the circulation was when there was no coin, and what it might still be under similar eircummences. I>uringthe• operation of the Bank Suspension Act, and before the resimpthea of cash paynaeins, the amount of circulation was accurately known.' The circulation of the Bank oh' .linglacd was about seven million& It was untie difficult to get IA the exact circulation of the comas" banks ; but from the best calculation he was enabled to make, 00 thought he rather over-rated than under-rated the country Winkel& culatimi, when he estimated it et six, or at most at seven !Milton& Ile did oat mean to take a year when there was an extraordinary/ issue, like the last, but taking average yearn—taking, fur instance, the years 1321, 1822, and 1323, and 11124., the circulation of one and two pound notes could not be estimated at over fourteen million. By official returns it appears that there were coined at the mist. between the years 1819 MOO 1826, in sovereigns and half sovereigns, twenty-five millions sterling. In one year, he believed 18'21, then were nine million, and a half coined. From this was to be deducted' the quantity of coin lawfully exported. Formerly their Lordships could have had no accurate means of judging the quantity of coin lawfully exported; ter, by an absurd law, the coin of the realm could not be lawfully exported, but now there was nn such prohibi tion, and the coin of the Crown may be lawfully exported. TIM - - I , :r toe - 1 0 Co. 4 Che%ter. ' zs . tron (it3y, Eaq. . . 2 4:1 5 5 1/r Gray - - 2 0 I . n. Northeote, El. 5 0 0 ',cu. Ilammereley, hag. 6 1 5 0 liy Mews. lloare. _ 2 ~ .1 Fr:.: d - . . 20 0 r 11l II .1 -hn Whitfield, Esq. 6 6 .1 ~..,.:3 of , 'lm. Ware - 10 10 - PO I . Al is Ware . • 10 111 ~,.. zi In 0 . 1 ..11n flolmee. Esq. 5 0 .-. II Ht. lion. hani egithorp• 30 0 i 'al- !on 5 .1 Rev. John Mahon 3 0 - TO THE PROPRIETORS OF EAST INDIA STOCK. -•s• Lkommond and C.. Ily MeIMM 51artin,Call, sod CO. Lauds AXD UEXT.LE.ITEN• l'. f utter. 1....... . hi •0 An Englishwomen - 1 1 ,; , 'ear J. Ci...s. R.N. 3 3 By Messrs. Ramon and Co. IN conformity with my Address of March, 1823. I think .. bi . liar, Ee l . - h b Mira ranshawe . 5 0 it niy duty to state my intention to proceed to the Ballot at feed kale',.-a - - 5 t.' itv Moues. Snow and Co, the General Election in April next, should a vacancy in the ale 3hchbean - 11 l . Jos. Moos. Kai. British House-list present the opportunity of soliciting the honour of your I . ..leard penryhe. Esq. su: Alt...cunt - - 3 3 1110 Png t • :leery Ware, Le, L . I o Its Sir C. Scott ant: Co. i 1 dietefore beg permission to repeat that my pretensions to your V.:,. Ware - - - 1 u Valor Bradford - 3 0 favourable reception are founded on a residence of twenty-five years Subscriptions arc rev-ivea he the Right Bon. the Lord Maya, in your Civil Service aellonnbay, during the greater part of winch I Wert. Hale, Lim. Titer:wirer, at d by all the Bankers, was at the hea., of two principal depertineets of great tenet and re. spotisibility with uniform approbation from my immediate ;lupe- CORN LAWS —ST. LUKE, MIDDLESEX.—At a tors,cotitirmcd by your Court of Directors in 1822, by their ap- PUBLIC l'Es't R'," it t!ti. Pitish, held in the Vestry- I pointing me ts - t a seat in Council. immediately on my return to this roJfe. 1.0 want to A ililtils.:‘,.l. limn •• Monies. John :Vitartirle.llll. country. Thle high and honourable office, the state of my health J.Ain l'a'ce. Joh.. IVio , u.l, Jun smith, William Procter, Jaime. at that time compelled me very reluctantly to relinquish ; but I Neel% Joseph Mar.ta .u. ' . l to. Chipoendale, and John Rerldal, trust I shall not be charged with presumption in expressing a hope rue the puroose of poi , r •m - m. g bolt Houses of Parliament fur the that so gratifeing a distinction may favourably influence those Pro t .(1111.1.1 .1 LAL, of me tot It N LAWS," on Thum-ay, February • orietors to whom I have nut the honour of being personally known. le, iBl6. t I have only to add, that my freedom from all other engagembnts 'I . tI 0 ":. i't tit 'I . I, R. Esq. Churchwarden, in the Chair ; will, jam the event of my succeeding in the object of my ambition, In IV it tr. mia,..usly resolved, I enable me to devote my time and attention exclusively to your I. Tilt: this v, - ..t par-G, in which several large manufartorica s ervice. I have the honour to he, ex.st, a.. 1 c..rtm I. g i• arly fifty thousand inhabitants--of whom Ladies and Gentlemen, en ...la ...sir industry for support—are at all times Your faithful and obedient aervant, ' 1:,•t tie value of labour and the price of provi- HENRY SHANK. c..mi,mr.ll aid correspiy.dent, and that they are at 62, Glot ~.h.,e5i....1. as the number of the pour is vastly ---- : U. :lens for their support must become un- ITO THE PROPIi IF:TORS OF EAST INDIA STOCK. te: g. eat. i ',AWES •ND GENTLEMEN, ~ ouva much confidence in the good intentions i VIT II EN I first had the honour to address you as a •:. rot —demme intensely the greatnees of their , Candidate for a seat in the East India Direction, 1 lid- L ,, ..t 1 ' , sediments towards the owners of I verted to the loss which your Executive Body hail stistsined in its tat the tr,:e welfare of the manufacturing, ntAitarr Jeeartment by the recent deaths of Colonel Taylor and Sir ..,'• •; rat classes is intli•solubly interwoven. and Alexander Allan, from which occurrences I was induced to present ....., v i!r.j.ttlit...e or prieciplee e:ocit experience es myself to your notice. „ii.. , ',may c omicron. Rut they are COliVit.e4 , l that lily pretensione to your favour are founded on a long and zealous ..,• r.....t ;., t :111 I..,tra is injurious to all the national in. enure of professional service, and upon testimonials from high „:mi i1 , ...,•,...,,,i t,i limit s tilual comfort and to thegeneral good. authorities, which I have already had the pleasure of submitting to 4 . : :.: m::f!..rm ::', ai im liemmi.tion, from many eminent men of you. tit seio It .v. a;eirov.el of the new system of commercial in- It is for you, Ladies and Gentlemen, to judge of the expediency tree . art! with t o r ttal r,,mittles, they cannot but doubt the ex- of bringing military men into the Direction of your affairs, but It pedimcc at cepenniet . .tal lie%inti• , ti.a, at the suggestion of theorists. may be permitted to observe, that some years ago, when your In. 1.3,6 :hose exclusise priariples which have been coeval with the than army was scarcely two-thirds of its present numerical strength, eth of our manufactures and commerce. and have added to the there were live military men in the Direction, whilst at present • •He of our soil—and by an amilme.mot. to which time country had there are but three. ret . hir l l in opulence and power: and especially as the recent and It is not my intention to offer myself for any vacancy that may •;, , ,,allote u r n of the important roanufactories of silk, of gloves, meta before the General Election on the 12th of April next, but a.td tr.l.er etap'e art.clee of trade, involving Mouser:de of Indus- on that day it is my dettfaonatioo to proceed to the Ballot, when I twits Eri•ons in Inter re. rty, and without any equivalent general confidently trust I shall meet with the unanimous support of, the !vantage, illustra.es their epprenensions and confirms those numerous friends whose promises I have already obtained, and ..1{..1 ; but that this Vestry cannot doubt that if the old nitric , with the suffrages of the Proprietory in general, through whose s, hirourable to the manufacturing population, were to be re- kind influence should Ibe placed in the honourable situation to •d, those new restrictions which are 40 prejtoocial to their well. which I aspire, I pledge myself to the most unremitting attention ought not to be continued ; and that the first liberal melt- to the beet interests of the Company. adopted plmb d have been the abrogation art all monopolies I have the honour to he , Ladies and Gentlemen, i r. In tea sod sugar, and in corn ! Your most obedient and faithful servant, .t. without entering Into the discussion whether the local W3l. YOUNG. • .. buidees of the country press more heavily on the trading interest, though they believe that comparatively more supported by the commercial and manufacturing he State; they are convinced that the allowance of a ••• wt uld not prejudice, but really improve the con ing occupiers of the eoil—would finally increase ... en: enlue of land—would equalize the-public burdens-- A relitne the people from an annual average charge of many nonesierling_would prevent the terrible fluctuations which ice reec.:l.,:ion, monopoly, and a circulating medium, pre .irtally %namable in amount—would give unilimnity to the value Sabena—would increase in foreign countries the consumption of t manotectures—weuld en:our/age personal industry and general mrmentert—e„uld lessen the number of paupers, and lower time al of e.eir support—would bring Lack permanent comfort to the TiamMos of tho middling classes, and to the ba tea of the pour— wo,.iti hest counteract time camstant wit, as .g opprisaion of occa...etied by the enor....mw unhanded elnages, and by eight mi ,m,milu,ny of national debt. }lnc. In. 1.• By cm., a! ■ll3llv a",l Y. 11:4t 4 la:a 31. r.untry— ueelter-plftee. Feb. In. lON. 21, Upper IVimpole.street, Feb. 16, 1626. nrn; l np Millior.4 %ter TO THE PROPRIETORS OF EAST INDIA STOCK. LADIES AND GENTLEMEN, 111 ASTI.:N to redeem my pledge to you, by proceerling L to the Ballot, on the vacancy °emplaned by tile dkqualifica. tion of your worthy Director, JOHN HUDLESTON, Esquire, and niust earnestly sod respectfully solicit the honour of your suf. (*rages, L. Th.it with these convictions the Vestty have learnt with •. -,,,•it abd regret, that his 3lajesty's Government have ex !heir determination to postpone, until a future period, any LI Al ion in the Coin Laws; and can therefore have no hope but I interposition of the Legmlatare to be obtained by that (,f public opinion, which, in a free country, must ever •' 'y Protime an useful drat. And that petitions be therefore I en n d o. laith Gousas of Parliament, entreating that doting the I 1,..1 t ,lebion the Cron Law. may be touch amended, or entirely Permit me to tender you my warmest acknowledgments fin. the numerous assuratias of support, and the many marks of kindness, friemiship, and confidence, I have received on my canvass, which, together with the very flattering opinion you have been pleased to express of my pretensions. again respectfully submitted to your favourable consideration, afford me, relying as I do your indcpen. &nee and public spirit, every prospect of success. I have the honour to be, Ladies and Gentlemen. Your most obedient and humble servant. CHARLES MACKINNON. _ _ London Tavern, Feb.l7. um. illockinnonN Committee will tilt dully at the London Ta. Tern, where all communications will be thankfully received. At a nontemns and highly respectable ItIEKTINO of the PROPRIh;TOItS of EAST INDIA STOCK, held at the Lon don Tavern. on Friday, the 21Ith of November, 1823, 1; Tht.t the petition,' now read be approved and adopted, and ry he signed by the Vestrymen present, and lay for sig .' hy the inhabitants at the %'estry•room, and at such other se•s as te:e Chun•hwardene and Overseers dircct ; and be pre hy Fisch filen'bers of either House of Parliament as the • , re ,, aardens and Overseers may select. 'lost the thanks of the Vestry be preseated to the Vestrymen • i • ;-,..ed the requisi , len, for their attention to the general wel -'o the Churchwardens for their speedy compliance yid) a ;•ques:.—and to the Upper Churchwarden for his conduct is their thanks be also offered to Mr. John Wilke, their Ytmry 1 lerk, for his useful esettions in p reparing the. tesolu t,i.s et t i p e ti t i ons , an d i n promot i ng the important objects of tka Vestry. Tllo3lAti PORTER, Cbairupa. _ GEORGg'PALMER, Esq. in the Chair I Resolved unanimously. That, considering the great importance of the trade with China to the best interests of the Fast India Company, to British India, and to this country, it is highly expedient and desirable that there should be, at leas:, one Member of the Court of Directors possess. ing, from personal residence in China, practical knowledge and experience of the trade of that country, and of the peculiar polie* and usages under which it is conducted; that Mr. Charles Mae kinnon's independent principles, his attainments, his long and ac knowledged services to the Company, and his public and partite character, together with his entire freedom from commercial or other pursuits, constitute, in our opinion, a strong claim to the confidence of the Proprietors; and, with these impressions, this Meeting ea rn estly recommend him to their patronage and support, and, individually and collectively, pledge themselves to use their moot strenuous and unremitting exertions to secure his election. eIIEORGE PALMER, Chairman. i/ LONDON, SATURDAY, FEBRUARY 18, 1826. VORTH UM BER LAND ELECTION.— It Mr. BELL'S COMM ITTEE sits every day at the Queen's tiray's Iwo. train twelve o'clock to two. SALE BY AUCTION. CHARTER CIF THII BANK OF ENGLAND BILL. The Earl of I.IVERPOOL rose, pursuant to his not at. to move I the eecond reading of the Bill to amend the 30. h and 46th of Geo. 111, relating to on. Bank Ch ter hut. in aoneegnenee of the pre.. Vigil/ converottion, h s Lordship thought it oetetsary to make a few observation. to.fure he entered upon any explanation of the system which his Majesty's Minister, thought fit I. adopt: Hie Lordship was aware of the many difficulties which attach to retry new important measure, and how necessary it was to approach this I particular subject with delicacy and caution • but, at the same ' time, when it was looked at fairly, and condi:l:red attentively, the ' diffleuhiee diminished and the remedy was more obvious than ap. peered at first. A Noble Earl referred on a former occasion to a declartrion made by his Lordship-during the last session of Parlia ment, when he predicted the approach of a crisis. His Lordship could not now recollect the precise terms in which that declaration was made, but he recolteted having gone out of his way en that occasion, for the purpose of cautioning the public %spinet the wild schemes which were then in eglooion. His bordship'sobservations at that time were not confined to London. nor did he. thee think theme speculations were tor tined to the metropolis, but that they extended through the reunify, and were promoted partly through the medium of country beaks. His Lordship did not refer to that occasion for the purpose of deriving any credit from it, tow did he pretend to any prophetic spirit. It was impossible to took at the proceedings which were then going on in the country and in Parlia ment without anticiproinit a powerfnl reaction. In examining the late embarrassments It wnuld tte necessary first to ingttire what *as the cause which produced them. Various, opielon% had been funned as to the (muse of those d ifficu Nee, but his Lordship thou tell tlhof wire attributable to more causes than one. The extraordinuy spree tenons arose partly out of our portrait! aided by concurrent causes ; there were foreign loans ; projzcte for mining Id all parts of the world ; and in short such a spirit of gambling as alarmed hie Lordship and many others. It was the intention atilt Lord Ilban cellor to Mimi:ice some measure into Parliament to cheek and throw obstacles in the way of that spirit of gambling which pre. Tailed in the country. Since the time of the South rim bubble, the SOU of adventure had Dot risen to such a height. it vie not con to the new schemes, hut it extended to almost all tee branches of public trade. The openiAg of a free trade glee warnertroneto nit), for the exercise of this spirit ; raw materiie, manufactured goods, and all species of saleable commodities. became the object of epeculation. By a comparison of our imports in the 120 year, with the average importation of the three year', it would be eon to 1 1 what an extent speculation was carried pn in this portion Of corn mhree. It would'appear, from the account laid before Parliament of the following articles imported into the United Kingelam in the ' year 1826, and in the three.precdlng years., that the average im portation of sheep's wool in the years 1822. ma, and 1824, was 20 341.0761b5. whilst in the year 102a...the importation amounted to the enormous quantity of 311.705,682.90.* being an increase of 90 per cent. ; in cotton wool the increase war from 161.2t16.7511b5. to .222,457,6161h5. ; in the article of indigo there was an increase, from 5,1177,8781 be. to 7,530,4341 be. In. square timber the average Importation of the three yen's was 551.411 loads ; in the yeti.' 1825, it amounted to 664.186 lolls, making an increase of 40 per cent ; In deals there was an increase of .12 per cent., hut in thrown silk the increase was prodigious ; it was very little short of 100 per cent, having increased from 404,4231b5. to 600.5011 be. The average import of raw and waste silk in the three years pre ceding 18271 was 2.696,5271b5. but in the last year it amounted to 3,431,1721b5. being an increase of SO per cent. This increase ex tended to every branch of trade and commerce; nothing pas beyond the reach of speculation, and it was evident that a re-action must follow. Having then stated those facts, his Lordship must say that these speculations were entirely attributable to the prosperity of the country, but were considerably aided by the state of the currency. Different theories were formed reopening the currency, and many perions had attributed the speculations to the state of the currency ; but his bordenip must again remark, that prosperity and the state of the currency were concurrent causes of these wild schemes, and ultimately of the general panic. The currency of London might be divided into two branches—Mutes of the Bank of England and uh " By the returns on their Lordships' table, VALUABLE LEASEHOLD !MUSE, AND FINE COMMANDING 0110 P, Piccadilly, near St. Jams's., rest ; Beautiful Porcelaine. Orontes. Pictures. Prints, Books, &s. By Mr. JAMES DENEW, On the . Premises, nn MONDAY NLiT, and Two following Days, at 12 (by order of the Assignees), fli IIE select anti very veinal& fl7(1(31C of Mr. William Wise, No. 161, Piccadilly. Picture ilealer awl Importer of Foreign Poreelein, a Bankrupt ; cuellpridng numerous unusually date nPerimens of RO % A 1, SEVE arse choice old DRESDEN PORCELAIN, embellished by the mast eminent artists, and suoimuously mounted in owmoin ; Italian and other Bronzes and Sculpturss, figures , culpturss, in large groups and. single fig, of the finest esura (inn ; I,eatteiful earrings, chasing*, and mamas ; superb French tables, cabinets, and csectimniess l'iottirts I y the first Masters of the Spanish, Italian, Flemish, ar,d English ecitiols : innovated books, prints, and numerous other objects ot interest snit valiejudicionsly selected, at the most liberal prices, from thebest summon the Con tinent, during the put and former yeses. u On the first day will be sold the v pile leasehold Plemiacs, vtizlifine commanding Shop and Kira entrance, admirably suited to any business of Importance requirin ;splay, is the first situation in the metropolis, held for namely twee Igars, as a moderate re served rent. -i•:, 13 RO 1 NCI ALBANK of ENG LAND and WALES. We understand that a Petition was last night presented for leave to bring in a Bill to incorporate a Company under tl.e shore Title, the objects oT which are to establish Country Banks in Cities and Towns in England sod Wales in such matinee as the Law will admit. Messrs. Wilks sod Verbeke, of New Broad-street, are Solicitors to the me.t‘ure. TAN DIEM. EN'S LAND COMPANY'S OFFICE, V Fcbrun-y 15. 11126._ The Geremor, Drpu•y Governor. and Court of Dtrerota of the Yen Diernen's Land l••t.npany hereby ttive notice. That the first i NNIUA IiENERAL COURT of the said Cornnanr will be held. tomusnt to the (;korter, at their Office, No 55, 011 Brose-strcet, in the ciiy el London, on TUESDAY, the 7th day of Starch next, at tsetse o'clock. in the forenoon pre cisely, to receive a Report of the %tate of the Company and on ether business. (fl:011111: SALT TLI('KER, Clerk. E PROM(' ETOHrs OF EAST INHIA STOCK. LADIE• AND GENTLEMEN. PRESUME t 6 offer mvself again as a Candidate to fill I a Seat io the East India I)irection. and to solicit respedtfully the honour ef your countenance and supoort at the Ceneral Elcs tion in April next, when it is my intently'. to proceed :n the Ballot. Having obtained. on a former occasior, the stifFraees of a nume r.xts and lucidly respectable body of Proprietors. I ant willing to hope that 1 shall experience a continuance nf their favours, and that those considerations which recommended me to their notice, may dimese the Proprietors at :sure to honour me with their confidence, cod to extend to me that support which will insure my success. I hate the honour to be, w:th great respect, Ladies and tien.lemen, Your liithful and obedient 'latent. It. St. 0. TUCKER. 3, Upper Portland.place, Feb.l7, 1826. • To be viewed till the sale, when my be had on the Premises ; and of 31,r. Dailey, Anti , Charles-sttset, Der kelepaq tiara. TO THE PROPRIETORS O EAST INDIA STOCK. LADIES AvD iiENTLENIEN, A SECOND VACANCY having neturred in the Di ll rectimt of your aft:tirs„ by the retirement of your highly re spected Director, John lindleattin. Esq.. I hasten to make known toy intention of redeeming the• pledge given in my cadre.. to you of the 16th instcnt, by pr seeding on this occasion to the Ballot. Having already submitted the grounds on which I presumed to solicit your fivour, in my address of the 6th March, 1823, I shall not again intrude on you with any detailed statement of my pre. tensions, but WWI content myself with repenting the assurance which I then gave, that in the event of my being placed, by your suffrage., in the honourable and important situation to which I %spire. no endeavours on my part shall be wanting to prove myself worthy of your contidincli. I Lave the honour to be. Ladies and Gentlemen, Your very faithful and obeilient servant, HENRY ALEXANDER. 37, Upper Harley-street, Feb. 17, 18211 Mr. Alexander's Committee will sit daily at the City of London Tavern, where Communications will toe thankfully received. TO THE PROPRI ETOttS OF EAST INDIA STOCK. LADIES •ND (IESE LESSEN. IN consequence of the resignation of your highly re - spectable Director, Mr. Money (the cause of whose retirement I sincerely regret), I take the earliest opportunity of acquainting you. that it is my determination to offer myself as a Candidate to supply the vacancy in the Ditntion of your affairs. I hints already submitted to you the grounds on which I have ventured to solicit the honour of your suffrages: and I take the liberty of adding, that if any doubts were entertained respecting my legal ea:tacit) , of being chosen a Director, those doubts must now he entirely obviated by my having resided more than two years in Englitod since my return from the Mauritius. Permit me again to assure you, that should your suffrages place me in the highly responsible and honourable post of one of your lkirectora, the whole of my time and my best exertions will be di ligently *mploved in the maintenance of the rights and interests of the finst India'Compeny; and that by the constancy of my services I shall hope to deserve and secure the continuance of your appro. batian. I have the honour 'o be, with greet respect, Lathed and Gentlemen, Your moat obedient humble savant, • IL T. FARQUHAR. 2 Richmond-terrace, Whitehall, Feb. IG. fUti. P. 4. The Day of Fkrtion Ia fixed for WEDNESDAY, the let of dlaren, u the Dud India Hoeft. . the country circulation. .iy the return, .... .._ ....ousnipte , _...., e „, e „„ „, e e„,.... _ ......_ - _ . . giving the issues for the years 1821, 1822: 1823, and half of the Custom-house return therefore showed the quantity exported, and' year 1824, an examination of these documents would.show that the from these returns it appeared that, front 1819 to 1826, coin to due speculations were not entirely attributable to any increase of issues. amount of 7,2ffile)oo/. had been lawfully exported. There was et Up to September 1824 the etchanges were favourable to this considerable sum nu Motto exported in the payment of smuggling. country ; and he win one of those who agreed in the opinion that traneactiotte. and also a large sum carried out in the pockets of in. the exchanges afforded en infallible guide, if properly attended to dmiduals, passengers tote/tip countries. and reflected upon. He knew that this was a point of discussion, The Earl of LAUDERDALE here inquired whether his Lord.. and that many intelligent persons, led by the ideas which formerly ship included the sum exported in sinugsling traneactions, sad go prasited on this subject. differe d him, but he was decidedly sum carried out in the pockets of indtvidu.ls, in the amount of of opinion that invariably . the exchanges funnelled an infallible 7,2119,0001: whieklie had stated t test by which the circulation may be estimated. The exchanges Tile Earl of LIVERPOOL resumed. He did not include the SCOTCH B ANKS. were favourable until September 1321 ; but in that month they sums irregularly exported in the sum of 7,269.08 W., which, as hie The Earl of LIVERPOOL moved that there be laid before took an unfavourable turn. Until the latter part of the year. how- already stated, watt lawfully exported. The sums exported irrupt. their lortithipe an seatiOt of toenurnbetof banks established in ever, the Bank continued to incriane its issues—so far the Bank lath. and in the manner which he alluded to , he calculated at thrum :.outland, distimerunshing thme that ware thartered, and specifying was wrong ; but it should be said far the B a nn that early in the millions. kee knew it was generally considered that, in this calau. the number of partners in such as wete not durtered. next year, so early as the month of Starch 11325, the Bank, saw the tenon, he bad over-rated the sums so exported: hut he would tate aLOVE AND SILK TRADE. necessity of dressing in its issues. The issues were reduced the whole ;mount of coin exported regularly aud irregularly, since The Earl oflleCHESTEßpraentell a petition fromMiddlebuni, 1,300,000. between the 15th February and the 15th May ; 700.0001- 1810, to have amounted to ten millions. From this must be de. Siniersenthire, against the ineportertfeent if fatigue teacher. betweenlffet and August • and three millions &Ad a half before ducted one million reimported since the de fi ciency in the currency The Marquis of HERTFORD presented & petition from certain the end of November. The reductium in the Bunk circulation was begun to be felt. This would leave in the coustry at , resent no inhabitants of Coventry, against the importation of foreign not made in-exact conformity with the true principles to which law than sixteen nellhons of gold coin. This was a tandem ribands. the exchange furnished such an infallible guide. But in founded upon calculation open to all, andlne . he Earl GROSVENOR had a petition from a number of mimu. February or March of that year (l 825) the Bank began to no fallacy. There was, he repeated, no lees a sat enema fat turas and other inhabitants of the town of Yeovil, in Somer. reduce its circulation. But it was well to inquire at this minims of gold coin at present in the country: Their Lordships setshire, praying their Lordships not to permit the importation of time, when the Bank was reducing its circulation, in what would recollect that great alarm wax excited dining the last year foreign leather. Although his Lordship did not coincide in the state the country bank circulation was. He knew it was repotted by a transaction which occurred in Bristol. A banker there refuted prayer of the petition, he felt that the dolts of their Lordships' that something had fallen from him, by which he had imputed to to pay his notes In gold, and caused a run on several other banks. House should be thrown Open to receive the petitions and inquire the country bankers generally improper practices. lie no* die- This could not have occurred under a metallic circulation. But, into the grievances of any portion of his 31.tjestfe subjects; and claimed any such intention ; he knew that there existed in *meal putting at the utm,st the paper circulation, and lookicg at the it was more peculiarly incumbent upon their Lordships to give. parts of the country banking establishments , of as h i gh c haract e r , quantity of gold co in e d since 1819, he had little doubt that if there every facility to all applications, as the forms of the other House as respectable, and as solid, as it was possible for any banking was not enough, there was nut much less than enough. to answer of Parliameat were attended with mere expense and difficulty than establishments to be. He had spoken only of the general system, the wants of the country, if we found it necessary to come at once petitioners were subject to in that House. His Londship thought and what he said had no reference to particular persons or par- to' a gold currency. But it was nut at once, but at a distance of that a free trade would be most conducive to the prosperity of the titular establishments. Having made this disclaimer, he now three years, that it was proposed We should come to a gold curtency, country, and he wits sure that the manufacturers of gloves in this came to the consideration of the country circulation at the period and in that time it was proposed that the circulation of the cottony country and in Ireland have nothing to fear from foreign competi- alluded to. He found that in the years referred to 1821, 1822 , banks should not be increased. Looking at Lancashire and Lan non. It was well known that in the sister country, particularly In and 1823, 'the country banks bad stamped annually about four duo, if there were 'difficulties in introducing a gold circulation, Limerick, gloves were manufactured of a superior quality to any millions. Perhaps, it was somewhat more, but he could not be those difficulties were obviated to those districts. If it were asked that could be imported, and his Lordship hoped that every en- very fat from the imam sum, when he stated it four millions , why there was gold in those districts, the answer was, because there couragement would be given to this manufacture by the English There was no considerable ir.crease in the years mentioned, nor was no paper. And if it was asked why there was no gold it, other ladies, who had it in their power to protect this branch of industry until the year 1824, when the increase of the country bank circula- districts, the answer was, because there was paper. In fact it was —The petition was then laid on the table, dots was nut less than tan millions. It had swelled from four to six evident that gold and paper of the same denomination could never CORN LAWS. millions, and in 1825 it had increased front six to eight millions, go together. Abolish one-pound bank notes and abundance of Lord KING presented a petition from .5.000 inhabitants of lon. Between 1824 and 1826, therefore, the country hank circulation sovereigns would appear ; and make bank notes to circulate foe crater and its vicinity, praying an alteration in the Corn Laws bad actually doubled. This was a material point for the House to erown.pietes and there would be no crown-pieces seen. He would His lordship could not better denominate those regulations than consider, for it appeared that the country banks had increased their I not e nter into the process of reasoning by which this inference was by calling Ahem the job of jobs By those laws the poor man was issues, and continued to i ncrease them after the B a nk of England arrived at., but it was a fact clearly proved. Thesewere the grounds . deprived of one day's labour in the week for the benefit of lend. had reduced its circulation, Perhaps, to too great an extent, con- I upon which the first measure was submitted to the consideratinn of kids. The price of food was raised one-sixth, and by this high aidering the necemities of the country. The Bank of England had their lordships. The remedy which the proposed plan would price a tax was imposed upon that portion of the community who reduced its circulation as follows :—Between February and offer wound be of three kinds. The evils to which the country w* were least able to bear it. It was too much to expect that the poor March 1825, to 20,000, 0 001. ; between March and August 1825, to exposed would be more easily felt, the spirit of speculation would man should contribute one day's labour in the week to the support 19,690,0419/. ; and between August and November 1825, to he checked, and, above all, the poor population would be_ protected, of such a systene—Laid on the table. 17,900,0001. Whilst the Bank of England continued drawing in H e did not antic ip ate a n y objection to this measure. He knew its circulation, the country banks continued to increase their issues. might be said that the measure ought to go further, that the pro. RI,CHARD STAFFORD COOKE. As appeared frogs papers whieh were on their lordships' table, p os ed measure, though it would do much, would not do enough. Lard TEYNIIAM prevented a petition from Richard Stafford or might be on their Lordship! , table at a very 'Mort notice, it ap- He admitted that the state of the purer circulation might be ion. Cooke, praying their Lordships to make some alterations in the peered that in the same year, 1825, the country bunk circulation proved, but he did not hesitate in preferring a metallic circulation minutes of their Lordships' proceedings upon his claim for the was— S In the nit quarter, 2 , ,100,0001. ; in the second at least in carrying on small transaction'', although the system of Siafford peerage. 2,500,0081.; in the third quarter, 2,134.0001; and in the fourth of banking may be placed on so sound a footing as to e prove a sub. The Earl of LAUDERDALE said the petition was quite inv. quarter , 1,491,00 W. Now let their Lordships direct their attention stitute for a paper system on ordinary occasions. The measure gular ; and to the issue of one pound country Bane-notes which took place in proposed, it may be said, was deficient. He allowed it to lee only ii - Alter an observation from the Earl of LIVERPOOL, t h a t year, and they would find that a greater number of one pound half measure, but the chartered rights of the Bank would sot allow The petition wits hithdrawn. notes were issued that year by country banks than in any preceding them to go further. They ought and they most go further, but BANK OF ENGLAND—EXCHEQUER BILLS. year. From the statement which he had m a de, it appeared that they should wait until they could. He was surprised to hear soy The Earl of LAUDERDALE, seeing the First Lad of the the country banks had, by their extraordinary issues, more than o bj e ction to this meas u re, unless the objection that it could do little Treasury in his place, wished to allude to a measure which was made up for the reduction which it was found - necessary to make in goo d. (t , Rear,neroni the Opposition benches.) But if the tueuero a the subject of some observations on the preceding evening. It *Pe the circulatiou of the Bank of England. Now, was it um much aid little good it certainly could do no harm. At present the paired that Government had prevailed upon the Bank of England to say that the spirit of rash speculation which had evinced itself law relating to banks was most absurd ; it had not common sense to purchase exchequer bills to the amount or two millions, with an by the establishment of joint-stock companies, by projects for t o : g au d upon. It was true that it was net the growth of a day—it understanding that Ministers would recommend to Parliament Mr loans, by limning Companies, and numberless other extrava. h a d grow n u p gradually. lie could conceive one of two system' early payment of the Exchequer bills to that amount , for 'h the purpose gancies , ad been supplied by the paper circulation , and more which may be wise and politic . T he s y stem of restriction may be of relieving the Bant- from any inconvenience arising out of those especially by the circulation of country . bank paper ? It was not too .carried t hroughout. There may be one. or ten, or any number of purchases. It was the first instance of the kind which he ever heard much to say that this spirit of speculation had brought the country h a „k e , f o unded upon secure principles. In the most settled of the of to Parliament, and his Lordship very much doubted whe- into the distressed situation in which it now was. (Hear, hear.) uni t ed suites, the State of Massachusetts, where society had as. they it was legal. It was true that in the years 1793 and 1794, It was curious to see the origin and early operation of the distress. sti nted a more settled form than in any of the other States, he on. The Bank had discounted foreign bills to a large amount. but that The first instance was in the west of England, where an eminent derstood there were twelve chartered banks, and no others. tithes. was not at all analogous to the present ease. ills Lordship then banking-house failed. The emend was certainly in the metropolis, banks did not pay in specie their charters were forfeited. Now this moved for copies of the correspondence between the Government b u t it was the failure of a ban king-houee connected with not less wa s a system he could easily conceive, or he could conceive a sys. and the Bank of England relating to the purchase of exchequer than forty country banks. Time third was a great banking-house in tern wholly without restriction—a system in which there was fu.l bills, and also copies of all correspondence between any Govern- Yorkshire, and so it went on. During this time there was a run and entire liberty. lie believed it would answer the some pur went since the year 1792 and the Bank upon similar subjects,. The on all the banks, not excepting -the Bank of England. He re- pose, or a better purpose, if solid respectable banks were eitahliae. Noble Earl (Liverpool) might laugh at the idea of producing so prated, there was a run on all the banks but with tew exceptions, ed, at full liberty, es if the system of restriction prevailed. Thome voluminous a corneepondence, but he believed them was no necem and those of no great extent ; the run was chiefly upon thou banks banks, founded upon principles perfectly liberal, would soon drive airy fer any such apprehension, as it would be found that no such" which were more immediately connected with the country circula- away the weaker establishments, and en in the same thing as banks ' use had occurred, and it was for the purpose of establishing that tion. The first attention of Government and of Parliament should under restrictions. There was no paper circulation at present in fact his Lordship made the motion. therefore be applied to remedy that precise evil which had grown London but the paper of the Bank of England. The London The Earl of I.IVERopOL had no objection to the first part , out of the country circulation. lie knew it would be said that we bankers may issue their notes however just as well as the Bank of of the Noble Earl's motion ; and with respect to the second, he should leave matters alone until more quiet timer!, and that a pe- Englund, but no London banker would find it his interest to do so doubted very much whether there was any such correspondence riod of security would be a more favourable time to apply a remedy, whilst the Bank of England had the privilege. The same would upon the books.--Ordered. but he held a contrary opinion. In a period of perfect security, it happen in the country. If respectable banks were established in the Lord KING wished to ask the Noble Earl at the head of the might be said, why should we disturb that security ? In short. if country upon the principle he referred to they would absorb nearly Treasury one question, whether, as there was such a facility as the remedy was_proPer to be applied at all, he thought it might be the whole circulation. Therefore lie had an option either to allow a coining bullion into sovereigns in forty-eight hours, the Bank advantageously Ipplied now. lie was quite confident that it might free system of banking, or to restrict it in such a way as would afford might not give sovereigns in exchange for gold. As the object tip- be applied with much less injury and M11:11 le clamour now, when tibe - public perfect security ; but by the present system there was peered to be to increase the circulation, his Lordship thought this the necessity of it was urgently felt, than at a future period when the lberty So to all that was rotten and unsound, and restriction as to would be the most expeditious course. all that was gond. Any shoemaker, or cheesenionger. m any trade,- present exigency would only be remembered. There were two dif. The Earl of LIVERPOOL could not see the necessity of lerent measures by which it was proposed to ufford protection and man of any description, may set up a banking establishineet, and chan g ing the present practice. Any quantity of bullion might he relief. The first idea was to get rid gradually of the one and two issue his notes without limitation ; but no joint-stock company. nor converted into sovereignly at the Mint in a very short time, sod he pound bank-notes. The second idea was that of opening the gene- no ompany consisting of six partners, let them be ever so solid mid must say the conduct of the officers of that establishment had been ri d system of banking, as far are it could be done under the existing respectable, can enter upon the banking business. Considering it most praiseworthy. They were always ready to attend to any eircenietances. The fitat of these measures was not that to which either practically or theoretically, no such absurd system could be applications made to them, and the public had a right to demand he was now requesting the attention of their Lordships. That maintained. He knew he may be told that he does not look for of the Mint a coinage of bullion into sovereigns. measure was now in progress through smother Howse, and would ward to the improvedsyeem which was being described, because under Lout KING coutd not see why . the Bank would not convert probably come under their Lordships' consideration at no very tits- the Bank charter a limited responsibility could not be admitted. bullion into a circulating asin, particularly when gold was below teat period. Perhaps it would be more satisfactory, before they and that respectable persons would never entet into a batik where the Mint price, and when they must have a considerable eroht by came to the immediate discussion of that measure, if they he ar d they were i n di v id ua ll y respons ibl e. H e b e li eve d t h at t h e op i n i on un such a practice. the grounds upou which his Majesty's Mini s ters thought it their this subject went much too far. Ireland had flarnished us with an The E ar l of LIVERPOOL said the Bank could not be pre- duty to propose It, and in explaining these grounds he would en. example to prove the eentrary. A joint-stock banking company had vented from buying gold even at a disadvantage , but his Lordship deavour to answer the objections which he had heard urged again s t b een esta bli s h e d i n t h at country , w hi c h consisted, he welentemit, did not thi n k th e y were likely to act in that way, nor to keep a the measure in public as well as in private. One object which his o f very respectable and solvent members. Still he admitted that greater hoard of gold in their coffers than was necessary. Majesty's Ministers had in view by the proposed measure of draw- the present measure was only A. hair measure, and only half Inca- Lord KING t ho u ght that the Bank keeping too large a treasure in gin the one and two pound hank-nenee, end gradually aubstitut. i ., s could be proposed until the hank charter expired• Ile knew in time of distress contributed to the difficulties of the country. ing a metallic currency, was to check the rage for speculation, and the Bank of England desired to establish brsiirh baths throughose SCOTCIi BANKS. as tar as the measure went it could not be denied that it would have the country. lie was one of thole wine believed that the !tank had Mr. Crayford, from the Treasury, presentee ] a return of the num. an eo aevantagus application as regarded speculation. The '- e next power to do good itt ibis way, and forene bewail most willing that ber ',flunks established in Scotland distinguiehing those chartered. consideration was, that in case of distress, that distress would he they should make the experiment. If they did make the expert and stating the number of Partner* in these which were not more equally and generally felt throughout the country. The ex- ment the public could have no right to complain ; but if the ex pert. chartered. periecte on the preseut tune had shown that the whole country meet was made, and it was bound imprudent and iejurious to carry i~ ~~ ~ ~f~ / ~' .4* 1