The British Press; or, Morning Literary Advertiser. — London, England, 1818-05-27 00:00:00

1 1 1 it I * It _ • j• :.f' 4. ‘ ... ' 4 :: :. t : ..%:47 *: ** •N 57. ., 1 4 -.4 k .e _ . • 1- .. k .. —...., .t. _.~ ~ and en fit, din gist the conntry as to remisr it 'lt& em i t ever t.. es,atilisti the cnise-ary, there were stone who snould so mud) de tare to pre+. Parlrarneet to 1411 initl4lll'lll4lll haste, as those woo (iliti-soug ter opinion with him) thought a n . woe 01 the country was such as to render a re tiler, to a cash circula altogether imprissilite. Ester then would it br for the country—better even for those who setacerely desired the &inane est .bli•lnnent of a wetter rush currency—Unit Par liament should Intervale some delay, than to einiaste ger. the t •iple by a desperate rashness*. The peerent difficulty del uot arise from the foreign or demesne relaismei of the cenntry, hut from • eirceinsterice duvet in its Nature, and never likely to occur again, river which Parliament had no canoed whatever. lit we. is-forums that Fraure, desirous of complet big her dimwits' regulations', and actuated by other political causes, Ihal entered into etiolation% with the railer Powers of Europe, to pay within .berg hailed period, the whole of the contributintie which were to ior 'awl by instalments within five years, and ft grant to certain Foreign Powers a sum of mosieY in lieu of the private (+ibis that Iliad beets made upon the French Government. For this purpose the French Government had resolved to raise by loan a sum not less than thirty millions eirrlifig to satisfy the public and private domain's'. Firing's minims had, for a considerable length of time, been accustoaied to look to the market of this mousey. as the scene for negociatiog loans, and it could not bus be apprehended that the items to Ise raised by the French Government would produce a very Insfavouralsle effect epou the state of our foreign exchange*. This system of exchanges, he wets aware, had been represented asa fallacy, and re ferentt had been mode to former occissium, when foreign loans were not combined productive of any ittjurions effects. But whet comparison could any former operatiou of this nurture bear to the present, when the praiser* of a war of twenty two rears continuance was about to be wound up, and an iisdedmity given to Europe for Former sufferings ? It had also been arced, that the remittances from this country woo M not be made in specie, but in ingetufactores. It was true that the nissinfectures of the country would go to a certain extend, but it was impossible to preen them beyond a certain limit. Mach weight had been laid upon the difficulties' ceased totheßattit by the amount of ministers made to the Ciovensment ; but so far were the operations of the Book from being affected by this circumstance, that had affeirsremettied this year as they were tiering the year preceding, and even in the present foreign and domestic relations. the Balik might with perfect safety have resumed cash isayteents. Measures. however, now were tak ing by the Government to pay up to the Book the advertent to a greater extent than had been done in 1798; so that this argument, whatever it might be. r •uld scot be urged in any subsequent 3 ear. He felt extreme regret at being obliged to appear agates before their Lordships, with a proposition for contioning the Bank Restriction. but be was im pelled by a .trnng sense of duty, which he truants' would prove a justification. The Noble Lord con chided by moving, that their Lordships would re solve themselves into the Committee. Lord Gastreimmit began by repressing the ex treme dtsappomtwent hie experienced at finding his Majesty's Minister* Mice mom proposing to Par liament the renewal of this measure for suspending cash payments by the Bank of England. Whets this measure came before their Lordships two years ago, hr had given the most entire confidence to the assurailees then held out, that Perliantest would not agent be called upon to sanction it. He had ever, even when the measure of restraining cash payments we, impiety ssroposed, felt the extreme nispolicy of burdening themselves with so greet ass incomreisiessee, and was convinced that a ineoone snore fatal to the security and prosperity of the country had never been proposed. This comic tom lost 1141111. Or its fierc e during the experie , re of the war. and he had looked with anxiety to the moment wheel they might throw away this clog that depressed the energies of the country. and pre. vented it from enjoying the hill benefit of its great capital. Fur the attainment of this object he did not think the period of six months, elbowed by the Bolls petered dining the war, too short—he did tint those th e period I,rune year. subseipsently proposed, ton eilort—mud if he had felt lest objection in the 'miming year, or hail at least repressed leas objection to prolong the period to two year. fertile', it was because hr had cot fliteritly belorved that it was nu r,•-rstood by the Batik mad the public ass solemn pledge by Parliament that the existing anomaly in the internal etateor the country should terminate at the period ',minified in the Act. Hr had consi dered that an itsviolable insurance had been thereby given to that effect, which nothing but the most urgent neceseity could ever induce their Lordships retract.--/Loudto cries of , G Hear, Lear, Amt.") —ll was high rime, however, to enemata and de rime the truth respecting the nature and character of t h is no , onire. Were they to iiersigt iis the illu sion of titfecting to impose • restriction upon the T, 1 ,,k, when, in fart, the measure was an indul. Knife snittitvd—(llear, hear, hear/—and which granted to the Rank the power of paying its credi tors in a depreciated paper urrency, tower by tire per cent. than the value it prof surd to represent ? lie rerpiested their Lordships to consider the moral injustice of ?ranting such an indulgence. *hick went to ilrfraud the creditors to the amount or the depreciation. Before s Bill of this importance were passed, it would he *ell to ascertain how the fart tetra tlly staid, and whether the measure were indulgence granted to their wishes, or restitrtm• inea•ure affecting the B ink n st their s. No doubt shouht be suffered to exist upon the inlito.r, for it was of no light importance, whe ther a co,er?!.erentl company should he permitted to pa delft! , in a depreciated wiper, or whether, iii romtn,reinl emintry, Parliament should inter fere.to prevent thrill from fulfilling their engage ments ..ah their creditors. This hitter point, • • however, was by no means proved by she silen t stilmissmn of the Kink of En g land--for if th e Hank Directors were serious us deprecating the cosittetesasser sif she restrktion, as a issessure sister bring with their interests, they would hardly con tent Owns...lves with a simule negative un the pre sent proceeding ; they would expo's... tl►emselves inmitY " 1 " 1 vilrmlY• suit complain of th,• 1141 j 110 tin., cruel o►nluct at he Legi,lath re. Let their Lordship~ smazine hen► any of the g►est I►anking-honaes of Lass.lou unsold act—how the Looses, fur instinct., , of cootis and Chili" would express themselves, ' should.Parliatuout declare that— , ‘ Whereas such or such a house iw likely to %otter great income , oience from paying its debts in tl►e current coin of tier realm, be it enacted, that their own notes shall 'be's fall and lawful acquittance of their engage ments?" Would the house so treated remonstrate with _Parliament ? —Would they not say. , t You have emetid a measure destructive to our credit, and ruinous to our interests. It was by our known ability to meet our engagements that we have risen to our present effluence, but by questioning that character you have destroyed our solvability, and thereby riiiiied the very essence of our existence ?" But undoubtedly, continued the Noble Lord, parliament, in its measures, should consider how far the interests of the country might be involved in those of individuals ; hut in such case, the ne cessity of inteeferesice should hr established by the most irresistible testimony. The necessity, how ever, in the present instance, resolved itself into a mere question of convenience to the Baal of lEng• land, cud the country was desired to look forward to a resumption of cash payments, only when t'ais inconvenience might chalice suit to (ho. The re sumption of cos!, payments was indeed admitted to be desirable on every principle of political econo my ; but it happeued, unfortunately, that ■n ap prehension of the slightest inconvenience was suffi cient to retard t histleei event, and to induce Par liament to continue a system which had once already brought the country to the verge of destruction — which removed the land-maiks of property, and subverted the principle, of distributive justice.— While this system continued no man could know the value of Ins property—no man could estimate the value of his labour, or calculate the result of any undertaking. Its pernicious influence extended ill.ke over the wealthy mats and the poor man, the proprietor of millions and the humble annuitant; and was it for a mere speculative advantage, or rusher for the avoidance of an imaginary inconveni ence, that evils of the most olarm►ieg meguitude were to be endured ? By this system a metallic currency had been changed for one which continu ally varied, not from any principles in nature, nor from any alteration in the amount of property, but from the mere caprice of a commercial company, into whose hands bad been assigned the whole pro pe►ty of the country.—(Loud cries V Hear.) — The Noble Lord then alluded to the great deprecia tion in the value of paper in consequence of the restriction, and remarked, that alien the value of debts Or annuities was thereby reduced 25 per cent. Perbenient did not retrace 'taste's., but com pelled the country to rective this depreciated money as the legal currency of the realtu—ati act which might rival the most oppres►ive measures recorded in history. The issues of the Bank were thereby increased four-fold, and the evils thence resulting were almost incalculable. The nature of the Bank was very much iniautiderst owl if it was imagined that the Directors of the Batik of England were bound to any other object than the promotion of the Corn pauis interests, or could be supposed to feel the least concern for the credit or currency of the country. While lie had the honour of a seat in the British _ . ParHornets', he hoped he should never be told that it belonged to any other power or body than Par. !transept to provide for the interests of the State—. ere grid respablice deiriosseitil copied. This duty had been swell lodged in l'arliantritt-...is would b e ill b.stowrd if resigned to the Bank of England. He observed, that he could not be so absurd, after the great extent of the late war, end after the enormous expenditure, amounting in ous year to 101.000,000/. to suppose that the country could be exempt f sufferings. These had unfortunately been heighten. d by a season of unusual severity ; but lie cool,' never attribute sny part of them to a transition from war to peace (which in itself he must ever consider a blessing). The actual, the tint qua son cause, was, in his belief, the suspen of card, payments, the monstrous excess of Bank paper issuer, which caused the depreciation of the currency of the country. When the cur rency of the country is wholesome, it consists, he observed, of three elements—coin, Bank of Eng land paper, and the paper of country banks.— The restriction enabled the Bank of England to increase i s issues, which was followed by an increase of country h..k paper, in the pro portion, it had been calculated, of three to one ;—for the restriction on cash payments had removed the usual restraint upon paper cur rency, and the cotsseqoetices of such an enormous increase might be easily iniagitied. The Noble Lord then pr red their Lordships' attention to the evil resulting from this increase of paper currency, in the extension of the crime of forgery—an evil which claimed the instant interference of the Legit bonne. If the danger stated by the Noble Earl (Liverpool) were ten times as great as he had ap prehended, it would he trilLog in comparison with the shocking spectacle they hail too frequeutly to witness. If the exclusive circulation of the p.tper of the Bank of England had no other objection, yet, betsig attended with this, he would not say inconvenience, but dreadful mischief, this alone ought to influence their Lord•hips' ripi iiinii.—( Load crier of hear, bear.) -1-le then commeiltrd upon the that resulted to so ciety front the speculative spirit the increased paper currency hail fosteiril among country bankers, the issues of whow piper bore the saint' character as those of the the South Sea, and the issigmats of France. The failure of several of these persons had involved thousands of industrious per sons in ruin, and caused other hankers to limit the loots of their notes to an inconvenient degree, and to call in debts which neither the borrower nor lender had contemplated the necessity of being so soddenly required. The r.doction of the paper currency was attended by a sudden alteration in the value of pr.pprtty, and reused a r;oltait convulsion which nu country but this could have endured. As. however, the vie., increase of the paper circulation h a d ra is e d the p r ic e of gold, so dish the subsequent reduction of the issues bring bark the gold to its wonted mice ; avd it was in this state that the Noble Rill gird that cash .pnytneuts might he safely r..111/IP.I by the B musk of Ile w,s most nos i fling In live under a Goverment, not of king. (.ind.. :mil Consonant, blot of the Bonk. F,seii if tliry r. ere ole.irost4 of putting au end in the long troiso tieser to he got nil of hut by rt .'SIfICIICt . to $l , ll Iraq menb , t icy, ler t h e rtece-ait knit, toliot not do so toll July Au early resuitipt;iiu of cash pa) (twist • nst the cnnntry bank, u n o n u c l ee i i ril di e sic a t n o o eu lis sf a u cl m e n a ge;svii ive issue, the cruse. of mach unparall e led . distress timuuo all . classes or the oamonaltity, air existed two years ago.— The evils arisi ng two veers ago, if from redeeming the pledge given Not at this moment, at least much i l4 other side was the su re maner thin was by the Bill, were rren and e f u noble r n rxptr rimmed, of incoifteeniences already fel t, and no w te i e a u t r icn t 4 evils O alea about to be established beyond the control of Parliament. The adoption of the measure would expme the intensts of the country to until,' and waves, till t h e y world be at last tossed on a shore where they would meet inevitable ship wreck. A more ruinous moisture had never been submitted to the consideration of Parliament. The Earl of HaattoWnY said, he should not follow the Noble Lord, who had just sat dolma, through his review of all the questions connected with the one under coosioleration; it required more knowledge on these various topics than he was pos. seised of. lie must. however, in the outset, de clare, that the Noble Lord had begged every one of the questions at ismer. But for that original re striction of cash payments, which that Noble Lord condemned, neither would the country have eio in yed its past end p r e s ent commercial prospe rity, nor have been enabled to give such effectual resistance as she did, nor afford to other nations such means of resistance as they had given to the great enemy of tlw civilised worlol.—r lear.)-- Without the Act of 1737, it would have been Im possible for the country to go on a stogie year.— The Noble Lord had asserted that the lowa measure had been brought in ut the solicitations of the Bank, desirous to pay their debts in a depre ciated currency : hut no such solicietion had they manifested; it would be strange indeed they should, strange they Mould desire to keep up a spitein under which their motives were questioned, and their conduct and character impeached. Neither did the suspension of cash payments cause a de preciation in the paper currency : at no one time since that event could it be truly said that Bank paper was depreciated; besides, depreciation was not a necessary consequence of an excessive medium, admitting the latter to be fact, which yet was assumed. How was it to he known that there was an excess of medium The increased and in creasing wealth arid trade of the country required a considerable addition of bite years, to the amount of it in former times. Public opinion was the best meatus of fixing a limit to the issues of the Mink, and lie could not suppose the country at large to have been so easy for • number of yens se to yield five per cent. out of their property to the Bank. The inconvenience of resuming cash payments too soon, might be a recurrence *.o past evil'. The solvency of the Bank of England was as lasting as the constitution of the country. lie would now beg leave to say a few words on the argument that the Bill ought not to be sanctioned, from the extent of the crime of forgery. It appeared from the papers lon the table, that the executions for forgery during the last 14 years had been, on an average, 13 ,snottily—no very enormous number. Doling the same period every other crime had increased to a much greater extent than forgery ; and it was, therefore, too much to attribute its increase solely to the restriction on cash payments. He believed the Bank had mode every preparation to meet the change at the time prescribed by the former law.— The argument of the Noble Lord, on the exporta tion of other commodities as well as gold, supposed in the borrowing country tout only the inclination, but the ability to purchase them ; allowing both which, still the quantity of them exported could scarcely be such as to affect, in nay considerable degree, the exportation of gold. Any sum in specie might be trumped away by the operation of foreign loam. How had 30 or 40 millions of specie disappeared from this country already ? He had hem' told by a banker in Paris, in the year 1814, that no less than six millions of English guineas had been melted down at the mint there in the space of six months. It would then, and then only. be proper to take away the restriction. when the facilities to a recurrence were such that no one would perceive that the restriction had been taken away. He thought the dangers of recurring to cash payments, at the present critical moment, much greater than any attendant on a continuance in a system under which the country had flourished so much, and would therefore support the motion. The Marquis of LAwsnowx disapproved of the 8011, amid still moreof the extruordinary principle on which it professed to be fonuded, the operation of a foreign loan. The Noble Earlehad assumed that all the ad vantages attending our Krim in the late war had flowed from the suspension of cash payment—hut they had left out of the Recount the duration and extent of it, supported by the credit kept up by that extraordinary system, the enormous expenses of the country. and the rove in the price of all the necessaries of life, occasioned by the same system. The only alleged ground of the Bill hail been the French lost, ; he did not think that in any circum stances that loan would be attended with the effects apprehended from it. In their arguments the Noble Earls had had taken for granted—first, that all the remittances on account of the loan would be made in gold; secondly, that the principal part of them would be made from this country. He could state from high authority, the declaration of one of the contractors, th.tt the bed French loan had drawn away a very email part of the circilla. t . ion from this country—that it had taken most from France itself, and the other nations of the Continent. The history of Europe would form a series of illustrations of the principle, that a sum to he remitted from one country to another is always remitted in the way most 'advantageous to the lender. His Noble Friend had truly stated, that a French Ivan was only a pretext on the present occasion; an ordinary one among commercial transactions would next year faintish another, and so on from year to year. When he heard IS the public opinion Whig the strongest means of influence ever the powers of the Blank, he naturally asked how it had operated al ready. mid how their powers had been exercised under it ? They had extended their i-sues, which amounted to 10 millions in the year 1797, to 49 millions in the last year. From this fact Ire could not ad mot the strength of that influence—more especially when lie considered that in addition they were tin der the directions of en Act of Parliament to pre pare for rest tttt it ig cash payments in July nest. The true olileitTe of the increase of immorality • \lli a, gob • - j‘ ‘.\ by tu this respect war, the iie.rearic of pin , ectiletns the Bank, and, he believed, of coneictions. Wh•it determined the value n( any medium war eoine fixed standard ; but that • f the paper of the Batik of Eugland was suffered by the (iiiverioneist to Otte t state at, and according to, the views of tlre Rink, soil the state iif the currener was left at the mercy of the Bank. The Noble Earl had stated, that the Batik were lint deviromi of this inertsure.— It might be Pii—but the fact toe was going to neaps tiou would render it rather giostionahle. A large body of Praprieture had eieged - it on the Batik, a . a 1114.3 More due to their credit, to mike an application to lie Armed to return to cash pigmefite at tbe tone oointed out by the Act of 1816—brit the D.- rectors hail refused. 'll - .e true Diode of prepanitg for the resueeptiou would hr, tint to draw stir ! T rete from the Continent, but to contract the issues. He hoped the till would he reconsidered in ;m -other year. Meantime, he was compelled to tote otairist the motion, though he would pinbelily agree to the. Bill did it 'fledge the Bank to recur to cash payments within six weeks after the next meeting of Pal liament. E BAIIIUR•T said, that the Bank had not made any application to Government, either for or against a resimipt of payments in cash, but t hey were quite ready to pay in cash d eircuurp.tone. , would permit it. Whatever might be said, gold • was always exhorted in an unfavourable state of the exchange, because its ex portattoo peoduced .4 larger profit than that of any other ;article. lie felt cots. tident that to sanction a return to a medium m toe precious metals, would, 'miter existing circum stances, cause a great die ii i)) 'mon its the ciiculation, and thereby consoler. the evils. The Earl of LAUDERDALE combated the argil mem% of the First Lord of the Treasury (Earl of Liverpool) and Of the President of the Cousivil (Earl of Ilarrowby). The principles ou whirls the latter Noble Earl had argued would serve as a ground-Work for restriction for ever. When gold got a rise, the Bank, with a view to resuming casts payments. should have contracted their issues as they did its the year 1797 ; whereao the papers pre sented spewed that they had raised their issues fur the last six months two minim!, ou an average. The true cause of the continualiou of the restrict tome was the advances made to Governsiwnt, and the necessity of still recurring to them. When the system of Finance had been proposed last year, he hail predicted that a resumption of cash payments this year would be iinpracticable. He would sit I down perfectly convinced that the Bank could not resume payments without adding a cer tain number of months to the established period of restriction. lie would accordingly beg leave, in the proper place, to propose a clause, binding the Bank to a resumption of cash payments within six weeks after Parliament would next meet—stud a become!, the tendency of which would he to provide that the Bank should reduce their advances to the Goverumeot to what they were in the year 1797 (previous to the original Restriction Act), six weeks before the next meeting of Far 'lament. There was a third, by which lie wished to provide that the Batik should not resume cash insymenta, till she prosirions of the stith Gro. 111. were con/plied with. Lord KING said, no fouudation had been laid for the measure but the ipso dial's of Noble E•irls, as to the operation of a French loan. He :led a clause to propose in the Committee, prohibiting the Bank Directors making any dividend of profits, when gold should be above the mint price. The Earl of LIVERPOOL replied, the same prin ciples could not ripply to any private bank as to the Bank of Enigland, from the Act of the State it self appointing it a Batik of Eliglaild, and it only, of such a nature and under such regulations. In all the communications; lie had held with lwrsous terested, they expressi•cf a desire to have the restric tion continned. He never yet saw the necessity of the original restriction in the year 1797--and lie brlieved the permanent continuation of the system must injurious, not from any evils it had yet occasioned, but from its liability to evils.— They had seen commercial prosperity and commer cial adversity—they had seen agricultural prosperi ty and agricultural adversity—and yet, during all theme chaftwes, they found that bttt a very slight al teration h ad m been effected in the circulation of Batik of England notes. lie could not admit, even taking into consideration the private banks, that, at any period, the paper curreiti•y of the country was excessive. With respect to the frequeticy of fa gery, lie would only say, that it wits the duty of the Government, and Of any great body like the Hank. to use every means in their power to check the evil. But, when it was said that this evil was greatly in creased by the adoption of a system of 'toper cur rency, they ought to take into consideration the evils that would attend any other system. Troy should look to the great extent to which coining would be carried, if they had recourse to a metallic currency—afid lie believed it would he found, that very little difference in numbers could be disco vered, in two corresponding periods, beiween per sons convicted of coining and of forging Brink notes. Lord Gaxxvti.t.P. seed; that it was well k iiiiii 1 , to every person who had exuriiined the state of the country, within the last three years, that there was an excessive issue of country votes—so m uc h so, that numberless persons were ruined by the f. ilale of many of those binks—and ilitise bankers tv!.o were able to pay, did so, by r..otractinl, a wear degree, the issue of their note.. TI", gave a la:- lacious appearance of pro-prrny to the country. when, in fact, it was in a state of distress. The Earl of LIVERpooL explaketl. Their Lordships then resulted tie nisrlvete into a Committee on the 11.11. . Ihe Eatt of LAUDERDALE, Hn the moved au amendment, the o l ieraiiim i.f the Bill to " six weeks afttr the ~thing, of tilt next iif Parliament." Lard Ilot.t.AN 0 concurred in the propri,i'y f the ninendniesit. Thrir Lord Alps then divided—Miro these ap pealed— Not Content* Contents Majority againat the AmcndmtM.... IS Fit t s), wtre tint afterwards aiimitied bel ow th e 1 01 t, hut, w. nmlrr•l:uul, 100.101- mtiiiki were pr,ipiis t a, aiiii negatived without a di- Th e Bin tone throPg . ll tht Cconnittef•, , -.\ the Report was receive& anti tiie third itadaig ordered lur this dad•. Adjot•rned at TrrEt.v r)Tr.octr. HOUSE OF COMMONS, AV, MAY 16. DRURY-lAN E. II; F.ATII E Mr. LotHt or.,eutisl a Petition (atom rissaiii Proprietor, of Drury•laue Theatre, pray ii that the Itill nutv the lice, authorising the raising of moue! fir the Ilse tit )he tat Theatre, should not br sorered to bib/ a lan, Laid on the tahle. POOR'S sETTLEm ENT WILL. LAKPLLF.II presented a Petition 1.111111 SlitP•tit. a.:_taitist the four's Settlement Pill.—Laid otr t h e table. SALT DUT; ES. M. CALCRAFT hroliglit in oßill (or lowering the Doh? on Ruck Salt, used fur ae. icclturzl ptirimsra. r —Read the best, and ordered to he recd the second titre til-morron. NEGOTIABLE SECURITIES BILL. flu the matiou of Sir S at/grata', the House resolved it stir into a Committee on the Negotiable Secnritits Bill The Bill, in which .a few verhal allerati•ins were made, %int through Ilse Committee. The Repute was lb. r, ive4, awl the Bill ordered to be read the third time to-mu:low. LONDON COALS BILL Mr. I.I'MINGTON moved Ilte 111ir.l frailest: of the T. ton Coals Bill, which nes agreed to, after a lea ...milt from sir M AV Ridley. The Irish Excise Licenses Bill watt tend the third time and pissed. The Irish Treasury Rills Bill was read a aeroud flow.— To be e ~,, mitted 10. morrow. The Madder /boy Hill was read the th'id time ai:J piqcrd. The Pmiecticree' Vemele AIII iiema read the eteood time, auJ ocriettAl to be rommittfit BR.4nßußv . s PATENT Mr. Prmt Moose k mnvrd 11w 'Mr Let Briflbory's Hill, *ranting to him a rirtil Cailial ties of pograting. Sir. 111AWIIINIG said, that a Gentlemsn, of the name if y,,riev, claimed a discovery of a kind similar to that which 'jr. Bradlotry called on the Howse in siochino as his sole M e onion. Tills appeared from the evidence ziveit lislore a Committee—and, therefore, it to emcd that the pub_ tie wnnhl derive very little advantset ii ni the auverititits. Be did not, lo,wev.r, fri,lin to °pre,. ilhe Mr. P. Monne watt 'Studs nf ....mug, that Mr. Brad bury's invention would It n 4 tn rlwck Chas seene of fraud and Moodshed, which the imverb et cs , •utiiiii of Rink of England mites so Trrat't• rileollV-ri ..f I,,,eht. lie be. hewed that the Botitioratite Grn'lrmnii'• opinion was quite singular tin this siihicet ; and terrified lint the ►i.ink had, not tog made ninre htlirient exertions to rtinetly the evil of which the whole ron'•try Sir J. MArnINTOSIT said. he 11:44 rrreivvil, from various tents of the moire, plans for the porponie of psrvuot nor Ilia forge. y Rank notes, in coutoqueore of the recent nrocced. inq+o( the Houße He hoped, therefore, that the Right lion. Gentleman t Itr. Vaitsitt wimltl, as soon as possible, have the ('untrti•sionrrs named, a•ho were to inquire hit° this ma+ et. and h.• trusted that the greatest pahlieity would he riven In their lii.mhattiott, fa Ord.., that individuals might know precisely where to direct their communications. The CHAVCCI.LOII of the Exciarguvß ()Nunn*. (1, 611 steps had already been taken for the not:lin:dint. of tlu Coro ntionionel R. and every p• open means would be resorted to, iu order that their appololll , l3l 111100.1 be generally known Sir M. W. Rtnt,►:v wished know bow many Commis. sinners it was intended to nominate—awl also what salarhs they were to receive? Theie was MO' point emineeted Ult:1 Bank prosecution., to which he wished particularly lit cail the attention of the 'louse. It was the novel ourfretine forgeries to be proved by the mere assertion or an Inspector of the Bank, withoist .an elite being riven as so . the reesno which induced him to form his opinion of the comities or Imilnem of a note. This was a prrfeet anomaly in the pilministratioo a riminal justice --- The CHANCELLOR of the Exceteatett otraeoveel, that the practice alluded to had lung here senetiotted by Cuorts of Ju'tice Sir M. W. Rrer.ty- , " The Right Hon. Gentleman bate not answered toy question as to the ititmher of Commissioners In he tiptwtioted,Rnd the srihrie. 1,, b.. vau.t In Own, The CtiViCELLOR of the Event - lapis fan i .1. three stoahl probably hr five or six Commissiniters He cotild wit yet slate what their salary would be—rume of them, he holm/4 won !a tel ziatnitimsly. Mr. RENNFTT said. he tinderstontl that the Ranii hit themeelvee. in severe! instances, Maas taken in. end ILO paid forged notes of the tanminal value of It. If that wrr , the ease, the observation of tic Hmi. Friend, with resturt tit the Filmic of proving forgerieo, deserved the utmost altvii lion of the House. Mr. MANNING. n% sec mulerstond. admitted that some insiaures hod oecurred in which furred notes were so paid. Thr Bill was then rend a second time, and ordered lu be committed to-morrow. DRURV-TANP. THEATRE. Mr. P. Moog moved the seentol reading of t h e rat in etiohle the Proprietors of Drory.latie Theatre to ra i.r 3 re,_ tall) sum Rower. Mr. 1..5m0v., itur ton Petition which he haul presented in the early part of t he creole , aga tool the Bill, wl.hrd th ,t mane time should be iveu fur considering the allegatoio4 contained in it. Mr I'. Moons said, oho stifficient time rl Id he rivrti f ur that hat he hoped that am oppos tiou x uui 1 iirrered It, the second reading. 'rho nal was Olen read a mcond lime, and ordered ;0 !le consintited to-morrow. MR. BUTT Sir G. FIFATIICOTP. pi cai otrii a Petition from Richard cayllsome Mott, n o w a priaiiiier in the King% Hi owl, Prieto. praying. Thal the It o tae world zrant him .1 Ita 1,1010111• that he lo:Elit be en:o-10110 proceed with an indict ment for peijito rizaiii , t tentleilion 114 name of Pare raft, who had given evi.ictre.. tot 11. e 'Uhl of 1 1 . e Petitionec, for publishing's libel aggili , t Lord 1:11coloome:11 The Ilcu. Rsronrt sibiterved, that he knew I , OOIIIIC Or I hr merils for she as the Petition was rrspi etfolly worded, be felt that it was him dal, to pr a.-nt it to the floor. Mr S. Bovtht we. of opinhin that the Petition coshl tint he receit eft, ow it celled on the Herm to exercise a rower which in reattly d to a court or .Pr tire, Li'TTRI.TOiI theinght the Helm Might lint to confine itself to the mere power of intrpelierinft the habeas Cairo.* Act.--• Neer, Rear .)-1f they could (In Orli. they eight, he cut.r.-iv...1, comply with tlw pe.tver of the Petitirw. The 141 Sion was Item brought no and real. - Ott the ,:mint, " Two Iw...retitle'', tin he on the li:thle," The Cliascyt Lott of the Fltettvittiva 'deemed, th l the 110i,4e tit Continuos was not the riper pixer to seek foi re• hrf of thiv kind. If the Petitioner wished tii initiet Mr. Pa rata for rtioty, he Iniobt do sn, with the roll etinvii tutu ficiitty ovoid he atforsl.ll hint in a Conrt ofJo•- hriatinte hi• rove to a speedy issue. He obouhf„ oro•e the eeeee S. Fit‘ettiVE pia it to the Has. Barnn.l. whether Par Ci , a;° l . :111t the Gwent of PII111:111W111. /no , : •nrh P. wion ou tit. titto.,t It woo clear that the Poisoner ought to ppl not to arm ' but to a Cotort of Justin. S!• t: II eAsiir OTY • I.e dirt nat stand tip a , the 'deo. evle of .i.oocr, oi'n hoer eine he hirer not hive, •tre V 4 'Rion. It would be fur sK.: IlumAr to deal tutu et .1. lt.ee Orme., proper. ! Tor r or the Trillion. which cal:ed nn Ili, H.•.r•.. a c.p,res terms, for a writ of Bubeas Corpor. IVAN iii:.t!glil...tii:, . ILN'tTELTO.4 cool,/ rot are any imprnprictin salTtr• ilia the Petition to lie an the table. Sr M. W. Ihni.ry aff4 air. N. A. T :Avr.na oriv.fa tlu fro: ton . They werr troth megasietted with the maw licensed 13! the Petitioner, and they believed a mere without and lumina:ll4e man JO not eteist. The ;notion was thew nritstwed without a &vision, FINANCE. Mr. 3. SMYTH wishrii to avk N que.tion. of cntos ficlerable importance, of the nn:ln Hon. Gentleatim nmoinite. II was generally rumoured. tit Ise 11.- leadfil. a+ a par, of Ina financial , v , te.m. to rare im inediuttly to aJditionti cam of :noire, bf w.ly tI