The British Press; or, Morning Literary Advertiser. — London, England, 1819-04-06 00:00:00

I direction of the Committee, but if this implied that he (the Earl of Lauderdale) had given his assent to the present Report, lie could only say, that though he should not oppose the measure founded on it, he by no means gave his full consent to it. Ai it Member of the Secret Committee, he was bound rot to express his reasons in public either for or against the measure. Lord llostratro said, he should not enter into the merits of the question involved in the Kern, although in desisting from it, he was not gloried by the rebuke of the Noble Earl (Ilarrowhy), who in she beginniug of his speech represented alt remarks upon Was irregular. lie feared that the Noble Earl had himself fallen into a tar greater irregularity, in requiring the House to suspend the Standing Orders without sufficient ,I4ltlet. Ile should not, however, speak to the merits of a mea sure, of which in truth he could know nothing ; but for that very tenon', he should protest against the suspension of the Standing Orders, when the object of such inotitet was the Poroduction of a measure on which the Douse were studiously kept in ignorance. There were only two occotootta in which they could be justified iu s uspending the Owlets : one, where the Douse were well AVIA(' o f the g rounds on which they were procrethiog ; ,suet the other, where they hall a firm colottolooice In those who proposed the measure, and who wart 'llll6lO to show that mobil% shoat of the ac tive operation of Parliament could effect the proposed object. It was centrist. Imwrver, fcoriti what load been said by his Noble Foetid, the Earl of Lauderdale, that none of the Commit. tee could feel himself justified in giving the 'louse any information upon the subject. \l'ere their Lordships this to suffer theni•rle• s to lit led blindfolded in au It a matter, and should they not raker require of the Ministers of the Crown to act on their responsibility, if the necessity were so impe rative, than to suffer the dearest privileges of Parini. went to be alwogated ? The Noble Earl opposite had stated, that between the case of 1797 and the present there was no similitude. Of that precedent he was never inclined to speak with respect, for to it he ottributed, and feared he should still have cause to attribute, many of the severest evila of this coun try ; but when the Noble Earl undertook to draw a distinction from the circumstance that Podia tarot was not sitting when the Order of Council was issued, in 179/, he seemed to have forgotten that the Order was issued on Saturday, and that Parliament suet out the blonds) . or Tuesday fol. lowing.—( Hear, hear.) —The Notole F.atl seemed also to forget, that in orailig the present necessity, he was instituting n suit against the Bank ; for if the measure of partial payments were wise, why should the disco tom of the Directors be impeach ed ? and if founded in error, let the !louse town der that it was to I)11) . Very Directors, who %vete equally ignorant of what belonged to their owl' in terests awl to the public service, that it was agate *ought to repose an utilitnited c onfidence. It was imposoble to escape thus dilemma. As a kleniber of 1 1 .011.iment lie cool.] nut consent to Ilse pretstait measure, mot compared the title of the Coin-Mute, which was appointed oith reference to the I U•1111111/i . ref cash payments, with the prevent suggo .not, which went to prevent all cash linty tarots ‘,ll.otettrr. The ileeessity of such a measure was sety possible, but the onus rubandi lay with the 411.1mst.r party, will mother Committee our !Until- Iris b .1 it right to cctinire the confidtoce of Parlia tarot The It: rtl of I.leutpoot. said lie should not enter into the wmet,il (11.4:usiqou of Ibis subject. A Committee had Leen appointed is their Lordships, and also by the other Ilause of Parbanient, to in stitute an inquiry into the affoirs of the Batik, and both of these Committees had during two the pur•ited the lovestigation with asiceasing assiduity. Their Lordships' Committee now, boa. ever, declared, that they a. re not as yet able to lay the result of their deliberations before the House, hut that they should do an very shortly, awl in tls• inreArn having observed a proceetlmg going au which they thought injurious to the pad.- lie Uttered, they came forward and suggested a precastionary measure, which alone would enable the !louse to entertain a general project fur the final arringenieut of this important matter. Th. Com mittee did not make any proposal relative to the *stoutsl determination of the Douse, but they asked for a 'precautionary measare to counteract a proceeding. *lncit e if suffered to continue in opt ration, might prevent the speedy accomplishment of the Krum! wish**. The Noble Earl opposite (Earl Grey) had asked, why an Order of Council lawh soot been issued ; but if bus Majesty's Ministers bail so acted, what hours of ileclaination had not hero directed against them fur it proceeding so utietsstitutional.---(ffear, hear.)---There was nu tesestildance between the Ares tut case and that of the year 1717. At that period Priebe tarot knew tootling of the state of the Batik, but Ministers were . apprised of the dangers that thleat coed the Batik by the Director's, they acted upon the emergency, and then threw thenistlves on Parliament for indruititty. hut now Co 'tires on this verysebject were actually sitting. and in such a case would it be enduied that the Privy Council, olio as such could be supposed to know itoithilig of the Altus of the liank—fllear, tear, from the Marquis ry . Lunsiluten)—would it be endured that Moil-ter' should Pottlere between the Book and the Pat hutment, rod divest the l a tter of its peculiar authority ?—(lleur, hear.) —The measure now proposed was merely temporary and precautionary, but whether tight or wrong, the idea of havieg the Council interfere was wholly to consistent wills every constitutional principle. Its this opinion he was too singular, for even Its 1797, when the case offered much stronger grounds fur the prompt interference of the Privy Council, he re membered having heard Mr. Fox say in the Douse of Cutumons that the Privy Council ought not even then to hove interfered, and that the House o f Com mons alone had the power of issuing such su order. lie differed indeed with Nlr. Fox at that period, and still thought that the Privy Council was fully justified in issuing the order at that time. The Noble Earl (Grey; bad Contended that nothin4 short of urgent necessity, as in 1797, should justify the present measure. With regar d to the necesso-v of 1797. he should not enter into any inquiry, bu t with reference to the present measure, he should distinctly state, that it was inertly a question of propriety, sod sous by no 111 , e1111 groutotied sou a principle of trecesatly.—(lleac, hear, hear.;— The Bank were fully 'etiableil to meet their en- , gagrments with the pfiblic—( Hear, hear) —hat the proposed measure isas'one which the public in terests required, and adopted ut all, should be adopted as sown as possible. The Marquis of LANSDOWN (lid not rise to pro long the present consersattoo. hot lest the present proposition might be attended with sante degree of disadvantage to the Bank, if an a pprehension of its incapability to meet its engagements went abroad, it ought to be distinctly onderstood that the mea sure was not founded in necessity. It by no means sense from any ouppoeed in abilit y of the. Batik, because the Bank was perfectly able to fulfil all its engagements.--( Near, hear.) T art GREY—•It had been stated by the Noble Lords opposite, anti was repeated by his Noble Friend who just sat down. that the resent measure arose from no principle of necessity, but it appeared that the Bank were so improvident in their null stiles int in require Parliament to I a proceed ing which had not long since been vaunted by the Noble birds opposite as the prelude to the resump tion of cash payments. But could tt be believed that there was nu necessity, when the Home wit nessed the haste with which the measure was to be e.trtail ? If there were no t ieressity, why was Par liamelit called upon to interfere in a manlier so summary and so inerniststeot with their privi leges ? Why were those Orders to he suspended which hail been imposed originally to ensure a plover deliberation ? War inconvenience, as It was represented. of such importance as the abrogation of their safeguirds ? T he Noble Esrl then adverted to the propriety of Ministers having, oil their own r esponsibility, issued an Order of Coma -61, which woulti have left Parliament sufficient time to deliberate on the subject. and concluded by touring the adjournment of the House. The Earl of LAUDERDALE. in a few words, stated, that the Batik was perfectly able to fulfil its engagements. The Amendment was then put and negatived, and the original Motius carried without a division. Adjourned. HOOSE OF COMMONS, Nlowiny, Amt. S. A person from the Office of the Accountant-General of the Court of Chancery incanted • return of the effects of suitors in the same office, which was laid on the table. ANGLESEA LIGHT-HOUSE, der. The Aneesea Light-llouse, and Liverpool Harbour lin pruvement Balls, were read the third time, and passed. WATER COMPANIES. Mr. M. A TAYLOR said, he had a Petition to present from the West Middlesex Water Company, and the Propri etors of the Grand Junction Canal, praying for leave to present a Petition ,fur a Bill, to enable them to take mea sures fur supplying water at reduced rates. He trusted, he raid, that the example of these two bodies would he fol. rap by the other Water Companies of the metropolis, and that they would at length see its inhabitants were nut to be imposed opus, and that they were resolved, if they could nut have water from the Companies at the same rate **formerly, to procure it for themselves on the cheapest terms they could. The Petition was teed aud laid un the table. LONDON CLERGY. Sir R. irtsson said, he bade Petition to present from the Parish of Sr. Michael's, Queenhillie, of the City of London, against the London Clergy Rill. It wrs mi l ord by the majority of the inhabitants, who alleged that their Rector derived from different sources a gross incense of 3001 a-year, or 2201. clear, after paying his Curate a sti pend of SOL per annum, and other Irifinc dedoictionia. Mr. C. Down , submitted that it was irregular for Mem bers to va.l the miller of Petitions, that were afterwards to he read by the lb use. Mr. LAXITON observed that it was perfectly consistent with regularity, sot that he *Untold act precisely in the same manner with • Petition to the same I Met be held in his bend. The SPeAReR expressed his opinion, that a Member's reading any part, us the whole of a Petition, with which he was inirurtsd, did nut riolste any rule of usage. With re reel to the reeding by the Clerk, it was a subsequent question. ' The Petition was then read, and rifened to the Com. miner on the Hill. Mr. I.4onreottl said he hell in his band a similar Peti tion from the Parish of St. Leonel d, &latch' ap. The parish iti question, he proceeded to °leerier, did nut contain 20t) Isolates, it was loaded with a charge of TOOL n year for poor rater, to which many of the occupiers were unable to coffin. bate—the It, eter was non•reyitli lit, and, iii addition to that impeller, enjoyed the living of Stoke Newington, and other prefcnurnt; the Petitioner■ therefore prayed, that the Btll enlarging his incense might nut pass into a law. Mr. %V nuaws presented a Petition to the same import, from another Parish, the name of %%Inch we were unable to collect. The two Petition■ were aaaaaa Ily nail, and laid ow t►e table. PARISH CLERKS. ...- A Petition was presented hum s place in Kent, against the Parish Clerks 11111.-I:cad, awl told nu the table. DARLINGTON AND STOCKTON RAILWAY. Petitions were presented by Mr. l'ourcee and other Meitner ra against the Darlington and Slut ktois Railway Bill, from different individual, in the county I.f Durham, being occupiers of land thiough sli.ch the proposed Railway is intended to pus, which were read and laid 0.111 the table. Petitions in favour of the Bill were pot unlit% from Rich mond, Think, Nortballatuo, Darlington, Term, Gnisbro, Middlthani, %Tensity, Spennithorne, Beane, Coeditr', Kialleatham, Wiltug, Laciel.by, Lazenby, Eton, Non manhy, °mushy, Martini, Staintim, High Leven, Bar wick, Kirktravingtue, litektins, Appli lots upon.Wiske, West ituuneun, Mast Magneys, Euterpen, Hutto's, Ittedby, tusium Leven, Sumer, High Worsen, low Worsen, Kildale, Great A) too, Little Aylou, Newton, Kirby, Ingleby Green horn, Itatitesby, Deightua, Brumptess, North Killington, South Kilvinglon, Thoriitunde Street, Thurailitirough, Lemke, Brawith, Ossuutherley, Si Iton, Burrowity, Kim) ton, Swainhy, %Thorium, logleby, Putts., Carlton, Faceby, Smeatuss, Miii. dleton, Trost, South Costae, Croft, Lutignew ion, Middleton. usie-Row, Newabain, Aislaby, and E:agleseliff, by Mr. Hart Davis, Mr. Gurney, Mr Y. Ituxtuu, Mr. Limbion, and other Members—a bich bating been read and laid 011 the table, Mr. LASIBTOX moved the order of the day fur the second reading of the Bill. The tittellitOU having been mit, Mr. POY/LETT mid, the object of the Bill was to iocrease the facility of conveying coals faint Millington to Stockton, a very praiseworthy one, if proper means only were used to attain it. But while the persons almost solely benefited by it would be the inhabitants of these two towns, it went to impose a great rapruse, mid manifest( d a cruel disregard to the interests of many indsvoluals in the intermediate space. Mesides, a Committee had brew of opinion that the Staiang (kilns had nut hers adhered to in this insestice.— The Iluu. Member then mowed as an amendment, that the Bill be read a secuml lime this day via mouths. Mr. Al A. TAYLOR hoped, as the object of the Bill was a must 111.11141 MM out, the cheapening the price of fuel, as arts. cle of the say fiat nectrally to the pour, the House would not consent to th►ow it out merely un a point of order. Mr. PowLeirr argued that a disable infriugemeut of the Mewling Ostlers bad taken place. A Member, with whose same we were unacquainted, said, it was wireaeouable to expect a Bill to pas., to winch not sint:le individual elarusigh the whole line the railway was to 1A.., coald be produced sr giving his assent. M.. I.seitiog defended the 'Bill as likely to produce a Brett annual saving on the rrice aerials to the people of tkg neighbourhood. Mr. H. SWUM& defended the conduct of the Commit tee on the Petition, of which be was a M•nlifter. Icon' LAscgt.tits coald not divest himself of a feeling f hoe r private interests in cases of this nature. particularly as was told, the ruin of one or more bonito.* would he Hoe of the e ff ects of the Bill. lie should, therefore, wish to hp formed (and on the answer would principally &prod how he gave his vote), whether in the Committee, if the Bill went so far, consideration wont(' he paid to the private tottered. concerned—ire meant not only the occupiers of land along the line of the railway, but also the workers of mines is the neighboorhorol Mr. Lastarrox was not able to give any thing but a gene ral aenswer.ad He understood due cunipensatinn was intended to b me fur every injury that might h e sustained by indi- vidnals. After some further cnnversation between Lord LasCOLLES, Mr. I.4lltaTost, and Mr. PoWLETT. the Grillers . %II cleared fora division on the Amen Intent, sten there appeared Fur the Amendment 93 Against it Muiwity mg/limit the Second Rending.... 13 Lord atve presented R Petition (we lielieve) from Wen. lock, aping* the Insolvent Debtors Act; and another Peti tion, from the same place, against the Equalization of taw Duty on Cuale—Ordered to lie on the table. BREAD. Mr llotatt SUMNER gave notice, after the receas,he would submit to the House a prnpli-ttion for regulating the making of Bread within len mites of the 31etrupulie. ---..... AGRICULTURAL. PETITION. Mr. H SUMNIPII presented a Petition from certain Ores piers of Land in Surrey, submitting to the House their situ ation, and or:lying for relief. The Hon. Gentleman said, the farmers growing corn in this country could sea, wider the present circumstances, stand in competition wish foreizners. Their aitoitiun called fur inquiry—lie Aid not are why the Otiose shouts' be deterred from the consideration of the crest . If they went to be d.terrerl front es recol lection of its. disturbances which took place about three years ago. on the discnssion of the Cilia Bill, he co u ld no t agree wills those who might entertain Iliss-e apprehensions on the propriety of Parliament not entering on stir aubjert. Ile believed that the agricultural class were great and entitled to redress. Their interests were involved with the vital interests of she emniry—for lie the trade of the country high or luw, if the agricultural interest , should fall, every other must be Involvs , ; in its ruins. Lord A. IlastoTon said, lie did not °Val to the exten sion of relief to the sgrienlioral class, hut he did not think that the revival of she Coro Bill was the proper remedy. Petition ordered to lie no the table. CATHOLICS OF IRELAND. Lord WIC FITZGERALD pi imettivl a Petition from militia Runian Catholics in the county of Kildare, prayi n g for the repeal of she Penal Laws now affecting the Catholics of Ire land.—Ordered to lie on the table. HON. W. WYNDHAM QUIN. Mr. Eu.ts withdrew his motion for an Address to the Priory Regent, praying to deprive the Hon Wyndham Quin of the situation of Castor I °Nkomo' of she County of Lime rick. The nun. Gentleman said, that en considering the nas•re of the resolutions that had already passed the House, and on consulting with persons of more experience than he had, they all concurred in thinking, that from the mild- items of those resolutions they did not think 1114 there was sufficient grotto& fur any further inquiry. Ile would only add, that in what he bad .lone he was actuated by a sense of public duty as a Member of Parliament --(I/enr, hear ) The notice of the motion was then discharged. FEMALE CONVICTS. Mr. BFNSWTT gave notice, that be would, on Wednesday next, move that an Address be presented to she Primer Re gent, praying that he would stop the sailing of the vessel now bound to Butauy Itay wills Female Convicts. RESnIPTION OF CASII PAYNIENTS. Mr. Pt:Er. brought up the Report of the Com mittee appointed to inquire into the Slate of the Bank of England with reference to the Resump tion of Cash Payments. The Report states, that the Committee hoped, on an early day,to present a Report to the House, in which they expected to fix a period for the removal of the Restrictio- is on the Bank ; but that they were of ooinion, that if the Bank of England continued to make partial pay ments in gold, it would dell the final resumption of cash payments : they thi iefore suggested that a Billl should. he pasted to restrain the Bank from paying its cash Bank notes outsiarirling previous to January 1817, and also the piyinent lit cash of dividends under the stun Of five pounds. 51r. PEEL sot I, the 8,1 l lie was about to move for leave to bring in was founded on the recommen dation of the Committee. mid that vet-minuend:l -lion, he considered, rcl a vrd him from troubling the House with many observations. Ile considered it would be premature to ewer our t he sohject. Report was the ground-work of the Bill lie was shout to propose. The olP , ct of that Bill %Vila to re strain the Bank fractional payment. tinder 41. on the dividends. There was toucher I.l`iieti At two distilict periods the Book tiorlertook to snake cash payments of holes of n reit:ins description. They gave notice to that 'fleet in 1816, ;11111 ins the year 1817 the Bank gave notice that ary would 'pay in cash all notes issued previous to the Ist of Jainiuty, 1817. lit consequence of these notices a very heavy drain of the Batik treasure took place.— Front air account presented lola eels January, 1816, and January of the present sear, it ap peared that within that period a sumlif four mil lions live I !red thousand pounds, and an ad ditiolial drain from January up to the present period of seven hundred suild pounds, took place ; so 641 lilt treasure drained from the Batik in conseipience of these notices, amount in the en tire to 3,200,0001. That was - a very considerable issue, and the issue of that treasure produced no good effect ; :turf, in his opinion, wail a simulta neous reduction took place in the atnoult of Bank notes, the gold would always be carried to places where it would be of more value than it was in this country. lle saw, he said, the Report of the Minister of Finance in France; for the 16 months previous to the tst of January of the present year, there were 1-.25 lutlitoiti of foamed coined in France, from authority, it was ascertained that three fourths of that sum was derived from the coin of this country ; 123 millions of francs amounted to about five millions sterling. and three-fourths of that sum came from the issues of the Bank of Eng land. The Bill be was shout to propose was in truded to restrain the Bank from isauii g coin dur ing the present Session of Parliament. The Coin ruttier, under these circumstances, felt it their duty to present a Report to the House, that a legislative measure might be founded upon it. The reason of the Bill was short. It was evident that whets the period arrived for the final removal of the restrictions on the Bank, a considerable quan tity of bullion would be necessary for the Batik to have in their coffers. Of this fact the Com mittee could have but our opinion, and it was evident that if some legislative measure was not adopted to restrain the Bank, the quantity of bul lion would be diminished, without any advantage to the comotre. The no; he was about M move for leave to britig in. waa, in fact, calculated to facili tate earth payment.. The Committee entertain a confident expectation that they will he able so sub mit a plan for the removal of the Bank Itestric hon. ln that expectationlie hoped they were well Colluded .; he hoped also that the advantage diet womb, result from the possession of an invarialsla wand ord, might not be purchast d with that incon venience and em<arrasament to the commercial world as sonic peregns had anticipated. The Right Ilion. Geidlenum. in coed sisior% .1'641, that it was deennel ali.olistely necessary that the Bill /should be carried through the !louse with ell possible ee peditlon. and that, therefore. he would move that it should he carried through all the stages to the course of the night. Ile concluded by sisoieing for brave to bring iti the Bill. . Mr. BROU4IIIAM said, he confessed he was some what entliarraaseii from the manner in which the Right lion. I hisitleitiati, as Chairman of the Com mittee, hail introduced this subject ; in that ern. berraesinetit he was sure the I-louse had partici pated. This was not is proceeding instituted on the elillfillVllCC of the responsible advisers of the Crown, nor did it rest on rhe cosifidelice of the Committee; but it came before than on the par tial statement of something able!' the Right Hun. GVllletnallarriVell a karowleilge of from what passed in the Committee; nod ote-this statement, without any disclasoire made, withooot tiny facts to guide them, the llouae was called u po n to pass a Bill without notice. without discussion, and. indeed, without the possibility of discussi(m. This mode of procreating was without precedent, and could not be defended upon principle. Fanterly, when a legislative measure was Hiloptrd ott this sub ject, the noose proceeded not oily in a differ rot, but in tin opposite manner. In 1797, the responsible Moustera of the Crown, actin. , on todorinaliooi which they relied on, procure d an Order in Council, Had they thou came down to the Rouse, and culled upon them not on a sud den to pass a 11.11 without notice and without dis cussion, hut, in the usual course of legislative proceedings, they proposed a Bill to puss the (louse according to the usual aid established rules. It was true Out on that occasion the [louse had not all the facts before them ; but the !loom rested on the Report of the Committee. Ile objected to the measure, because it rested not on the responsibi lity of Ministers. In 1797, Mr. Pitt came before Parliament, after the Order in Council had been *towed, anti the proceeding% of that day received at least a foil discussion; the Bill brought in was con sidered in all its stages. There weie two grounds, he said, on which the present measure was sought to be defended. One ground w•.. its immediate necessity—the other, that the peseta was a proceed log subservient to an ulterior measure, namely, the resumption of cash pilyinenta. %Volt regard to the necessity of the measure. if it rested solely on that ground, lie would feel it his duty to oppose it in all its stages. IVliatever its necessity might be. why should the established rules of the House be viol toted ? What was it but ii politic violation of the proceedings of the !louse ? As to the Bank, titre., outs nothing to compel that Corporation to give notice of paying their notes to January, 1 , 07 -it was optional with then, in do so. They gave that ttotice, anti should be hound by it. What is likely to result from this invidious proposition ? It is said to be subservient to another measure; but why hurry it with such timidity through the House ? ' Why prevent a fair inquiry into its merits ? It is said to be a measure of immediate necessity. but surely three or four day% during which it would go under discussion, would not effect the object in view, whilst it woold give an opportunity to the (louse of considering that object. Surely it was not no such is pretext that the St:milieus Orders of the House should lie violated. The Right lion. Gentleman, by entering into a statement, embar rassed the Houle in no little degree. If he had not removed the vell'which concealed the proveed togs of the Committee, but had simply satisfied Inineelf with Piling that the MC:I%IM was necessary for certain purpose., and, if not passed imme diately, it were as well not to pass it at all ; but he entered into a statement of the tonotint the Batik had paid away in consemience of that notice, which it was optional with them to give or to withhold. Ile stated that they had aimedy paid away five mil hoop; but surely the sum that do y might be sup posed to pay for the next three or four days was nut a consideration clutch should induce the !louse to violate its established rules. Flom what was be fore the !louse, they could not think so ; lie did mitt mean to ray but an answer could he giien to his objection, but until that answer was given, lie could not entertain the motion. It might he that the delay of three or four days would be utteurled with inconvenience ; it war possible. lie:haps, to justify so extraordinary a measure, but until he beard satisfactory reasons stated he would resit it. The King's Ministers haul offormation on the sub ject. In 1797, when the Order in Council was matted, the Minister of that day had hit itifortna tiou from the Bank. to the present instance, She - Ministers have their information from being Mem bers of the Committee. The difference. in Ins opi nion, ass but little ; whether Mr. Pitt, as Chan cellor of the Exchequer, had his information from the Batik, or whether the Noble Lord and the Right Hon. Gentleman had their iuformation as Alembers of the Committee. They had the facts within their reach, they are the advisers of the Crown, and they could not recommend on any fair principle hurrying the Bill through that Moose.— Wily, he inked, was the principle acted tin by NI % Pitt, in 1797, nut acted ou now? —if the necessity was so immediate and so prusaiiig us had been stated. • even if the Bill were mitred through all its stages this night, still an Order in Council. which might have appeared in the hest Gazette. would have anticipated the present measure. and the Mi nisters of the Crowe might then go down to the House, se Mr. Pitt did in 1797, and the eish ject, instead of being hurried through the House, might then usiderges, as it ought to undergo. a full and fair inquiry. Having said so touch. lie liar' now only to add, that if this were a measure winch he could see vitally necessary, much as he would la ment that itecestay. IHIII 1111101 is hr would blame the imprudence of obit., Batik, he yet wont, not go so f ar as to s a y, that he would have beret ',moored to oppose a tireasuit of imperative 5101 immediate neceestiy. Lord ch.ll/LESEAO I II said he egrerJ with the . Honourable Gentleman who had just sat down, that if the credit of the Bank was concerned, the pro posed mode of proceeding might not be the best. But it was satisfectory to the House to be enabled to discuss the subject without involving tke affairs of the Brink. Happily for the country the credit of that Corporation stood so high, that whatever consequence this measure, or any other on the subject, might be to the public, Bank could not be affected. It had been a-kid, why, on the present occasion, the precedent of 1797 had not been followed ? But the House could not but see how totally opposite the cases were. It was true, indeed, the Parlia ment was tlseu sitting as it is now. The Gover n . went of that day. raw immense drains on the Bank; the country was then at war, and the means of carrying on that war, and of course the defence of the country, rested on the ability of the Bank. Hence the necessity of the Order in Coun. cil. But the present was a very dissimilar case. They had before then the Report of the Cnin o w„ tee, expressing a strong hope that they would be able shortly to state when the Bank might be able to resume cash payments. Under these circumstances, he thought it would be highly improper for the Ministers of the Crown, by en Order in Council, to step in between the deliberations of Parliament. The Huniturable Gentleman had complained of the rapidity with which the measure was brought forward—hut solely the House would see the neces. oily of pressing the measure; they had to guide them the augers:immolate Committee; and indeed the Honourable Gentleman understood the question too well not to know that the drain on the Bank at present could only delay the time when cash pay. moats could he filially resumed, without bertownig any benefit on the country. The Bitok was induced to give the notice of paying their old notes in cad% from the then state of the exchange, and a reliance that it would continue so. In that view the Bank was deceived ; but the House could not hilt are in the fact of giving this notice a dispo-ition 1 ., i t Bank to resume cash payments, even partially, fir the time, and a well-founded hope that they *wild be able to do so finally at no distant day. Fit Right Hon. Friend had confined his statement to the mere issue of sovereigns ; but independent of there, large moues of guineas and hall guineas were issued ;—there was, in fact, trolled by the Bank, in sovereigns, guineas, and half guineas, a sum of not less than tone millions sterling; ani great as the treasures of the Bank were, it war clear that such a large drain mu-t have a el. feet on them. As to the tiece•slty of pressic.,s, the Bill, he would further abet rise, that the quarterly dividends were to be paid to-inners... or next day, and the fractional payinems to he paid in gold, amount to from three to four hun dred thousand pound*: and if their proceedings were not rapid, it would only hold out notice to the creditors to elemaild payments in gold. lie was convinced that the delay, even of a few days, would render the measure worse than nugatory. Mr. Trees EY said lie considered the present a very important motion. What is it, lie wool I the (louse were called on to do ? In 1797 the A. t was passed to restrain the Bank from Celli tiny- MentG-4 clause was introduced in that Bill, that the Bank, giving five days' notice, might retinae cash payments at any time it thought fit; and that clause was repeated in every Bill that had beets sub sequently passed, In 1817 the Bank of togland, pursuant to this clause, gave notice that they vroulil pay in cash all notes anterior to the Ist of Jaiiii.ry, 1817. Now he begged the House to mark the situa tion of individuals who collected these Brink notes ; tint for the 'impose of sending them its mi the Bank, but to be able to say. " I possess that fair which if l want gold I can get gold ;" but those in. divoluals were now to be duped and disappointed. But persons who wished to have gold, whether wisely or not, in the receipt of their dividends, could not now indulge their propensities, and this merely to save the Bank from the expense they must incite iii securing the means of giving a metal lic currency to the country. He confessed ins sur. prise that the Right Hon. Gentleman should have introduced the Bill in the mintier lie had done, and expressed a desire to hurry it through all its stages in the course of one night. When did this sudden alarm respecting the coffers of the Bank meet the ears of the Committee ? He rather imagined it came so late as Saturday last, and that the Committee had not received the suggestion until twelve o'clock this day. It was at this late period that so much dismay prevailed on flits sub. ject, and that it was deemed necessary to adopt this hurried measure. and for the purpose, as the Bight Hon. Gentleman said, of assisting in giving t fleet to the preparatory steps for the resumption of cash payments. Ile spoke with great disadvantage oil this subject, from the secresy imposed upon him ss a member of the Committee. The Right Gentleman had said that the Bank had, since January last, whets the accounts before the Com mittee were made up, paid in specie a sum of 700,000!. Could the Right Hon. Gentleman fol low up this declaration, by statilig what the condi tion of the Bank was with respect to their paper issues, as compared with their bullion purchases? — (Hear.)—lf the Batik Directors were to be be. lieved, they hated all mini:nye Acts—they only lived in misery until they could obtain permission to resume cash payment. The Governors of the Batik had made no application to the Chairman of the Committee on the subject—there bad been, so fair as was publicly known. no inter-communica tion respecting the proposed Bill. lie wanted :0 know what real steps the Bank had taken towards the resumption of cash payments—had they re duced their paper issues ? because that was really the only way in which they could seriously manifest a disposition to resume cash payascitts• The Batik west reduce their issues, or else square the issue of their notes with the purchase, pro tank), of so much bullion. It might be said, perliiv, that if the Bank were to go on making part iwy. mental in specie, according to the present practice they would be in fact paying at the rate of 4/. I'. for bullion, and giving it out at 31. 17.. 141., th present Mint price. so that they would lose 3-. Per ounce on their metallic payments. The Bank would certainly lose a little by continuing their Im) - inelits at tlhe rate, but who else had a better riOit to lose ? Their practice hitherto was most stilted. lie could not cell it by any other name. Tilt? were with one hand Weaning gold, and with the other issuing paper ; this effect of vilitch was, to put that gold out of the country. They ought distaste