The British Press; or, Morning Literary Advertiser. — London, England, 1819-02-03 00:00:00

fl notice of his intention to awe for a Committee to inquire into the allegations of the Petitioners. The Petition was ordered to lie on the tohle. Mr. BENNUTT postponed until to.morrow the bird reading of the Westminster Hustings Bill. TYPHUS FEVER IN IRELAND. SirJ. NEWPORT moved fur copies or abstracts of all fetters received by the Government of Ireland - respecting the contagious disease prevailing in that country. The motion was agreed to. after a few words from Lord CASTI.EREAttH Rod Sir GEOROE HILL, re• spectieg the form of making the Returns. ELECTION PETITIONS. The SPEARLI informed the House that he had received from the Clerk of the Ilatisper Office. in Dublin, two Petitions ' one from D. IL Daly. Esq. agaiiirt the last Election for the 'Ewen of Galway, and another from James Dale. Esq. against the Election for the County of the Town of Galway. Election Petitions were presented against the late Returns of Members to serve in Parliament, for Reading, Rochester, Bristol. and Worcester. They were ordered to be taken into consideration on Thursday. the 11th of March, Tuesday, the 16th, and Thursday, the 15th, COMMITTEE ON THE STATE OF THE BANK. Mr. TIERNaIt" I rise, Sir, to propose to th e House • Resolution, leading to the appointment of a Committee, on what I believe is admitted, on all sides, to bethe most Important question that can attract the attention of the Legislature. My :notion will be, That a Committee be appointed to inquire into the effects produced on the Ex changes with foreign countries, sod the state of the circulating medium. by the reshiction on Pay ments in Cash by the Batik ; tool to report tel tether any and what reasons exist for continuing the same beyond the period now fixed by law for its termi nation.' The ides of this motion originated iii a ru mour which reached me, and which was o ed, that it was the inteution of \ linistert, at ou early period in the present S e ssi on of P ar li ament , to bring in * Bill for the further continuance of that restriction, which has now routed for cow andustwetity years and upwards. The bill intro duced on this subject last year stated, to its pre amble, that us foresee,. circumstances rendered the volition nice of the restrictiou necessasy. It now turns out, that other otiforeseen Cite iiiii SiAliCtS Inter occurred, and that Ministers are tlwrefore deter mimed to keep up the restrictio n s until the 20:Is of !larch, 1820. On the importaloce of this iptesitun I need not trouble the House with a single observe- Every person who twos his attention to those great principles on which the circulating medium of all countries depend., insist perceive how mate r4ll it is that Government should cause this ques tion to he closely investigated. Petitions hove been rt. cently presented on the subject, which appear to be of as popular a character as those C011111(Tiril with universal suffrage toed annual Parliaments—sod, from the samples we have seen of them, we may fairly conclude, that they are procured much its the sane way. I shall 110 W esplaiii the object of the hist part of my motion. If I did not pursue that enure, many Gentlemen would perhaps be unable to tell why I troubled *the House at all—becathe, as it is generally allowed that an inquiry is ne cessary, no reason can he aildsoced for the opposi tion which: is intended to my proposition, except that unfortunately I am the mover. I therefore will state what toy motion is. aid call on the !louse to 'wok the difference that exists between what 1 int - ao t o p r opoor„ owl the motion of wine', the Chancellor vf t:ie Exchequer has given notice— persuaded, that nu individual will listen, with iin plicit cotilioleoce, to the suggestions of the Right Iloomarable Geottlenotn, and vote fur Mtn, iostetol of supporting me, unless my motion presents route defect, which is supplied by his. If go too far, or stop short in endeavouring to r M ct the object in view—or if the Right Ilan. Gentle man's motion embraces that which mimic does not touch—in that case, and in that only, hove 1 a right to expect that Gentlemen will vote against me. For I t atinot but think, that, in a House where there are so meny Melt of professed independence (I mean men contrarlistinguished from those whose principles ore well known, from the pert they have taken in the discussion of public topics), Individuals wil! look to the merits of the motion, and not to the side of the House from which it may happen to come. The first part of toy motion, which is dic tated by a Praise of duty to others, calls for an in quiry into the effects produced by the Bank Re striction Act on the foreign exchanges, and on the circulating medium of the country. On these points there is no alteration in my opinion —but thought my original notice did not explicitly in clude every subject which demanded inquiry, and therefore I subsequently made these a part of my motion. I avow, that the principles of the Bullion Committee. as brought h a tred tool delivered by toy Learned and lamented Friend, dlr. Horner, form my creed—a creed which I am afraid the Right Flom Gentleman will not he able to shake. 1 will go further, mid express the pleasure I feel while otarking the ',rogues, of truth, from duty t o day. The opinions of those who iitiderstabil this subject hest, ore hourly gaining ground—and those who formerly opposed them most violently, ate now ready to confess that their priticiples were eight, that they could not be disputed, although they felt that the resumption of ca-lt payments may be wrong. It is now an entirely different question front what it fiwnierly warn. It is wit now a /itiestion 11)111 the state of the exchange-, and on the trams nossion of bullion from tom country to another.— j These points are now set settle—and the matter fur consideration is, whether or not the circulation ought to hr restored to those bound. within which the legitimate circulution of this country was for. merly cot:tined ? Consulting that justice which is slue tte the public—regaidtitg, with due feelings, the safety of the State—can the cut ulation be con tioned of it at present is? Ou this point a great alarm has been spread from one side of the coun try to the other. Persons connected with consoler cod putsuits, us well as great lauded proprietors, have equally felt the importance of the subject.— Gentlemen have been gravely told, that Ore entire safety of the empire depends on there being no di minution' iii the existiog state of the circulutinu— they hare been assured, that. if it lie lessened, the country will he rtitire•l, But, Sir, what I venture to foretel is this, that, if tl.e rtstiiclion be conti- -`~..- need further, as it has been from time to time, when yOu wish, in the exercise of your sober jidgment, to restore. the circulation to . its ancient standard, the constitution of the patient will have bren so vitiated, his habits will have become so rooted, that he will not be able to bear the remedy by which alone lie can hope to be benefited.— The existing system could not, Sir, have arrived at its present height, if it had not been supported by persons of considerable weight and consequence its the country. I hope I shall say nothing that can be eousidered as uncivil to any Gentleman in this House or nut of it. But I should lint ilia charge my duty to the country, if I did not call things by their right names—(Hear, hear)—and I sow awe my belief, that there is a poweiful money party in this kingdom, chose sole object iv to avail themselves of their wealth to continue the present system—to exasperate public feelnig--cud to control both the conduct of the Legislature and the acts of the flank itself.—(Near.)—Altiongst those to whom I have just alluded are persons pos sessed of very large fortune, and of known inte grity —men, whose woof would pass from suite end of Europe to the other. its eminently commuted with stealth and hon o ur. These individuals, I have on doitht, lend Ilitanselaes to this project, thinking conscietitinusly that they are acting correctly. But there are others whose feeling are of a very different description—and I know, that in offering this ino hion to the House, I am at wikr with the whole hotly of gamblers, speculator its the funds, stock jobbers, and all those who exist by the fluctuations in the money-marker.—(/hear, heur, heur.)— Uvery word I shall nih r must be ivtirinwouil to them, and will, of course, be liable to misrepre sentation. I kinsty that I, and the Geittleinen who act with me, will be held up as persous perfectly regardless of the public security. But, if the whole tenor of nay life lir not a riefence lig:1111st a shuttles, I imi content to bear it.—/Near.)-1 111,0 110) persntEA interest in the (inefitiOn. I take upon myself, voluntarily, a most painful and la borious duty. %VII do I undertake it ? Becarise I feel, as an himest anon ought to do, for the welfare of my countre !—( 1 fear.)—Those respectable per sons, whom I have just noticed. are assisted by others, who have no chains 115 respectability ; sons who have over-traded themselves—mei' who, without capital, have adopted the profession of spe culators.—(llear.)-1 state this without fear of contradictiou—and ask the House, if they cats wonder that persons so circumstanced wish to keep up the circulation as full 114 possible? Under every circumstance they are desirous of continuing the system, becsuse they know that their hour of ex tinction comes as soon as the Legislature inquire into the evil, said determine to remedy it. But un fortunately the patriot! of examination has so long been postponed, that those who, a few years ago, would have been ashamed to pot their names to Petitions, calling fur a confetti:nice of the restric tion, now conic forward (I cationt speak it a ithout shame !) and, in this chaeacter of Eil„vlish mer chants, demand that England shall wit possess that lidVaiilage whirl is ettiuyell by every other country iii the world !—(Hear.)—But, Sir, the great op position to au alteration in the system comes from a quarter which is peculiarly calculated to defeat my object. It conies from the Chancellor 14 the Ex chequer. I mean nothing disrespectful to him ; but this I must say, that lie is, siecessarily, if oat an instrument in the hands of those who favour the restriction, at all events, cowed and subdued by their machinations. Their whole course of speculation h a s been made by him to depend on paper. There has been no plan of finance., that we can call a system, since the retort' of peace. For what was done in the course of the war, the circumstances under which we were placed, may form an excuse. But, what are we to think of a finance Miniver, who, peace being concluded. thinks of nothing hut how lie shall puss over host Session to Session, without an attempt to emancipate the country from liar debts, without once daring to look the difficulties of the time boldly in the face! fits system must lie up held by paper. lie di, t•is leis attention to nothing else—and all the I:ollsolnittuti he gives to the f louse is, that things avill ultimately mend—that, by and by, the iocostie and espesulituie of the country will balance each other. Thus lie goes on with a sinking fund, cleating so much debt, at one end— and with a burly of exchequer hills, cruutiog a cer tain quantity or debt at the lither.—(lleur. hear.) —The Bight lion. Gentlenian says, he will ended.. your by every means in his power to raise the re. venue. This is a very laudable object. Butt the question is, has he discovered any article on which new duties can be levied, or has he made those al ready its existence more productive ? He has ',either done the one nor the other. The Right Hon. Gelitleniait's triumphs are all on paper.—(Hear, heur.)—lit the year I when we were chant to escape from very deep distress, we know that the quantity of paper its circulation was ex tremely small ; from one cause or another it was ve.y low indeed. Almon the month of June, 1317, the Right Honourable Gentleman came down to the. House, with an air or trialliph which I shall out easily forget, and declared that every thing was goi n g ou most prosperously. The revenue' said he, rises—stueks are greatly im proved ; and, in a short time, I think the interest of money may lie lowered, by paving off Ilse 4 awl 5 pet et 'its.' Soon afterwards the Right Gentleman was Po elated. that he or i.iim datiog even the 3 per cents. But, Ili a few months afterwards, the Rank of England were, from day to day, iiirreasing their issues—the country banks fol lowed their example—and this constituted the ex traordinary triumph of the Bight lion. Gentleman. This explained the state of prosperity its which the country was supposed to have heels placed. The Right Hon. Gentleman hid ail interest its all this— for, if you take away this prop on which he at pre sent leans, he must adopt some decisive system. At present it matters little to hint what deficiency appears to the revenue. since he Can create paper at will. But still his system is fallacious. For, if Exchequer bills he issued to make up a deficiency, which Exchequer bills are held by the Bank, who send out notes to the amount, the cousitry equally feels the oppressive increase of the paper currency. In this way the Right Holt. Gentleman has long gone on—but, however easy and pleasant it may be to him, it is most undoubtedly destructive io the country. If, Sir, we are not to examine our situation in time of peace, in the name of God ! where are we to stop ? We are uow its the fOurtli -- • year after the conclusion of peace, and let any Gentleman lay his hand on his heart and say. what he must believe would be the dreadful citcont stances no which this country would be lilmiged, if a war, or even the fitting-out of out annulment intervened, while we have so large it twins of paper afloat—while one body of paper may be said to lie merely resting on another, without any substantial support. But the Right floe. Grooleinen say% ' What inconvenience do you feel ? 1/a you regret that the 'eyeliner is itterensed ? Doo you lenient that Exchequer bills are issued tat rate of 111. terent ?' 1 certainly should not rt oiet it, if such effects arose front a legitimate sow ; but, if it is produced by too large um eitiissiois of paper, I du lament it exceedingly—because it holds out to the country hopes that never will hr realised. Nothing is ao rui (((( us to N country, at all times—and, moiler the present circumstances, it in peculiarly tor to this country—as great fluctuations in the public food.. But the Rt. Him. Gentleman knows a race of meta wh o feel it not—who rejoice in it—who declare th at I there is nothing so encouraging in a country art constant fluctuation of the foods. The Right lion. Gentleman may think it necessary, perhaps, that they should vary from day to day, however his opii. nion may dash with the serstimehis of those v.ho have !nog studied the subject, and have learned to think differently. In the beginning of the year 1817, the 3 per cents. were about 6.1 or 64—and, by the mete overgrows of paper, as 1 contend, they were raised from that, to no Si ',rice than WI, in the course of eight mourns. Perhaps thin was nut occasioned altogether by paper. The return of peace produced some benefit to the country, but not much, in consequence of the nature of the war in which we had been so long engaged—and, this being the case, no mast could fail to attribute, in a greut degree, to the issue of paver, this rise in the funds. Then it was that the Right Him. Gentle man became inflamed with the idea of paying off the S per cents. But he found that the sudden rise in the funds was bottomed on paper, and he l could not do it. The Right [lots. Gentleman will ask.' Would I be sorry if he could have paid them off?. 1 say, at it were to be effected by a forced circulation, 1 would, as au hones , man, lie sorry it. Ilk were produced by the exertion o f wea lthy men, acting for themselves, and proceediag to the utmost extent which prudence would warrant, then indeed it would be a emitter of congratulation. But re [arced circulation was a very different eotguie. In such circumstances, the holder could have no up. lion. You force up the funds to a high price, and, taking advatitsKe of that is commence, you lower the interest. 'lO describe truly such a proceeding as this, if it had succeeded, 1 kitow 100 expressiois the English language affords, but that you haul committed a fraud.' Those persons embarked their motley on the faith of the Governmetit, and, having heard that this iodic. liar stock was more hkely to be paid off than tt y other, WI HCCOlhit of the high Iprice of interest, they latichased iitio it. But did they ever dream that there was Hit Act of Parlia ment on the table, providing that the liat.le re striction, a hieli ought to have expired ris months eater the conclusion of peace, should lor with n view to raise the price of other branches I of the stocks, and by flint means to come at their interest ?—(/leer, hear, heur.)—Ltt us look at their situat 1111 l . Fire, lay isnumg ;a mans of pa. per, yon raise every thing tuoc'ecteil with their wants, their comforts, and their luxuries, and then you lower that shuck, its which they have em barked. You immediately turn round on them and say, All than in owing iii the prosperity of your country, you are sufferieg for it, and it is unreasonuble in you to complatis of your situa tion.'—(llear.)-1 am glad that the Hight Hon. Gentleman slid out carry this point—mid I think the reflection, that lie was unable to effert his pur pose, must be more gratifv log to him, than those that would have obtruded themselves, if he hurl succeeded. These things, Sir, deserve the most miture consideration. The House ought to study, whether it is nut necessary for them to interpose, and to adopt some definite line of loroceeding ou thin subject. I take it for granted that the system canuot go out. All parties scam ashamed of it—and there in but one honest man who speaks his annul drrialydly is favour of it. I allude to Nlr. Cropper, who sans, I with the Bank restriction to be continued ler ever.' There are others, perhaps, who thud: us he does, but have nut the loardillimol to 'avow their loriMon.— (Hear, hear.)—Next year, however, if things be soKred to go to en they now are, we shall proba bly have other Petitions of the same kind—tall, by management, every town and village in the king dom joins in a cry for the perpetuation of the system. I abstain, Sir, from entesiog into what may be denoininuted the learning Oil this stilject, alai do Wit mean to fatigue the !louse by calling their attention to abstract propositions—partly because 1 nut nut able to 'go through the sub. ject—portly, lucrative alder persons than myself, if it he necessary. will apply themselues to those points—and ;rattly becatoe the question is nut the same as that which fornitily agitated the pnbbc naiad, but is of a dill:format and emote emotional nature. The only way to meet it in by a Catfn• indict of this House; and 1 should be glad to know, whether ail Cumniittee eau have a snore comprehensive reference made to it, than that foo tnoted in the form which I now urge ;tr !inure In adopt ? I want to is quire not merely into the state of the Bank, but into the effects produced. grow rally, by the various lawn enacted, during the last 21 years, fur continuing the restliction tan eanli pay melds. I apprehend, from the right undersomiltitg of this subject,* Committee is absolutely elevitsary. wish to hear some strouig. some specific reasno, why property, in this country, should slot be sub jected to the same teat of measurement, which is ap plied to it to every other part of the world ? 1 theta smart to have plainly slated to the !loony, what there iv to prevent the Batik from 'mulling cash psyntiotts at the period now fixed for that purpose by the Legislature? 'Flits, it will be seen, would embrace the whole question. I do slot give it as my abso lute and peremptory opinion, that earl, porytnetita should, of itecessity, Ire immediately co 11111 l rowed. If any Gtlliltolllll feel um alarm on that subject, let him understand me, nod his alarm will cease. 1 would loot he aetnig fairly, if 1 affected to point out the course which ought to he decidedly token. All 1 ray is, that the Committee might to give tan full Illformoitima on the subject. We may be tidal that it tifoiseeit (it cuiustautes render the continuance of the resirietien necessary. I want to know what those cieenntstances are. For my own put, I know no reason whatever, as far RS relates to the currency of the irininty, for reilettipg th e meas ur e of restric tion. Now, Sir. debate will not answer my ob. —lsec.use Gentlemen may lay down, 111 the course of argument, opinions, which, in their cooler moment., they could not explain or defend. I believe that persons, sometimes, when speak iirg to a question, state difficulties which. at the moment, midi on their naiad, which difficulies, if they were examined before a Committee, they. wonld rm. away from, as fallacious and untenable. It is tint elloll4ll, whom we (.o , ,,:der a subjeor et eecli inagisitude as thi., that throe olio are called npou to explain their (minions, declare that great dangers will arise if cash restrictions are resumed— I want to know their reasons for coming to such a eneclusion. The extent of :lie foreign loans was the only reason irdiliiced fur continuing the restric tion last year. Now; let the Haase consider what the state of the loan was, lit that period. The .0111 11111111 Well was nineteen ster ling, to he pail in Fiance by instalments in the course of Moe months. It appears, from what the Noble lend has said, that an alteration is to take place, !Jodi with respect to the moonlit of the loan, and the tiuse of piling it. So that. 119.090.0001. which or,s to hat e been 'mid in Mee months, has heels reduce d to t 2,000e100e t o b e paid in eighteen 1110111110. Thu lo Ili has grow ii les., mid the period, in which the retteitiativeli etc to he made, has been enlarged. This, l admit, is an unfoiereen circumstance—hut' it is our that ought to !sad to the telsing.off of the Resti iction Act in stead of keeping it use—lt/ear, hear.)--If the !oat; from 19 had beets increased In 27,000,000/. it would have been a strong case the other way. But here, the danger, instead of being in c reased has been nosterielly diminished—and, in addition to this, I may be permitted to say, that, the whole of the loan will not, surely, be sent from this coon ; toy. If one-half of it is provided here (wh ch I scarcely believe), it is the utmost extent—and then the whole payment will he 330,000/. per month, for is months. If any man will say, that Eaglaild can sheer her face amoitest nations, slieuld it be drelaied that she is unable to pioceed in an honourable and proper course of finance, because one of her subjects (for that was the fact) is to take 330.000/. a mouth from her funds, I shall feel a great degree of astonishment. But, Sir, this very luau is the act of Nhisisters. It is not the volt'''. tary proceeding of iudividuals. Government have urged them to it. Did they, when they contem plated this loom, know that there would be a con tinuance of the Restriction Act ?—(Hear, hear.) —I ant persuaded neither the Nettle Loud, nor the Chancellor of the Exchequer were airare of it.— (Hecr, trar.j—No—het when a loaii was men. (toned, it was a peg for those to whom I have before alluded, to hung their inachnostions on. They knew, if they once saw the precious 'oriels its circu latin that their career was at en end. They were tilled with a liortor of the precious metals, whilst they felt the tairinist admiration for paper, which they tihl,•aetgir to uphold by every art within their reeve. Terse are the persons with whom Isis Alle .jesty's (firuernmeitt hold their secret conferences— for we know that they have had conferences !wit(► feud Liverpool and the Chancellor of the Exclie quer. Doubtless, at these ineetinge, they pointed out to ';lllllt.tel'S what immense &lingers must occur, if the iestriction on cash payment. were taken oft In the summer of the last year, the Earl of Liver• pool and the !tight Hon. Gentlemen opposite, were of opinion, and they appeared sincere, that the Blink should re-nine their cash payments. It w.is proposed, le order to enable them to do this, that a et rein portion of issues should he paid di. The stocks begali to fell immediately—sod, no sooner was it found that the Bank were preparing to re. slime their cash payments, by lowing their issues, thin a deputation waited on the Earl of Liverpool and the Citunetilor of the Exchequer, who painted all the vile to which such a proceediug would give rise—declared that London was actually etarved— ' that there was not rash enough fur carrying on indi um, hineliess—and thins, flout day to day, the subject was renewed, unti! the uneting of Rolm meta, when it was agreed that the restriction should he colitinued, without inquiry. Give me the C'ern 'Mitre, and I will prove sill I hare stated. The 3 per create. fell from 84 to 64, amid ruse 11;44111 to 74. • 0!' it was said, • look at the fluctuations. Ilene are 20 per cent. gained—thee 40 per cent. lost—inch, finally, 10 per cent. pitied.' %Vim, I beg leave to ask, are the gainers ? Why, a set of artful designing men ! Who are the losers ? A number of pimple tralividuals, who, when Gowen'. went said they would do a particular set, believed (poor foolish men !) that they were ill earnest ! ILnreghter, and hear, hear, hear.)—Every kind of alerin bang raised, the nitere.ted parties apply to my Lord Liverpool—they frighten libn, with image cry dangers, to agree to the restrietinns— end tip gn the stocks again. —( I ltar, hear.) — When, in my runner notice. I spoke of public credit, 1 used the right word—the term iiiiist tiuly nopliealde to the subject. Bet I :ifterwarde U. Iteceirie I fee'', under , v•tstii, that their is deserts the mane of public credit in this a:to:rend coolitiy ! This is evident, for those who lire the secret sprier which I Late described, ere eiiiibled to rob others who are not cogiiie tin of them. I say to rob them, for there is Ho other wind by which such a proceeding can be properly desiginued. Yes, be who hits au opportunity of conferring with the 11iinistrr, can mike stonier tip the utmost extent of his wish to wake it. thider these eiteninsiences, is it too much hie me to cull for silicify, broadly atiti ideally. in order that the House and the country mils twee before them, disttectly and in detail, the grounds on whirls they were about to come to a de. coition on the most important question that bad heen egitidril suite the Revolution? I 0111 see no good rewire' either for pressing a ling speech or is protracted diseession on Ilse noose, when it spreiiis Out no person olojtets to inquiry. Eten the Right [lnn. Gentleinau declares that lie has HO °hitt:11011 to the Committee, but he ca t hoar to it 11 G1'04111411 011 this side of the (loose 11114.ti!t1 he the mover. Ile does not say, *throe shall he tat itiqui:y '--Init lie is nu. willing 1114 I should lie tilt. diluter. lie is dee vinous that my proposition should give way to his. Nits , . I am not 111 , ,,P01te) to my motion. I olL•red, • week age, to let him come lot:seal with his me. Lieu first, slid I would be content to follow rim— er that 1 would take the opposite side of the Floue, and lie, if he pleased might take this. —( Loud luaghter.)—The Hon. Gentlemen opposite mein to Drink that I em hunting for a place. If so, I certonily am taking a most extraordinary course to effect my object.—( Hear, hear.)—l think I sin very unfit for any piece whatever—sett purloin, l ai ty hit that of Chancellor of the Exchequer, until this question is put on it. true grounds. 'fill o wn , no man in his wits would 'event it.— /llear, hear, Pad loachier.)--The Mehl Han, tienliennin who t‘lll now a.tl Ottnil )no Ia cot iiiiei.ce 111 lute, did foe oristinally state that L. memo to propece ally inquiry—and Ills Mail.* y Mmistere, in lonelier place, were Penally 'dem. On the first day of the Semitiou I gave iodate of duo motion, and not a word was offered on the retiree The next day, the Right Honourable Greek man stated, that Goverement hail it ill comem. pheion to coutinue the restriction till the 20th of March, 1420, and that, whcu my motion clams ma he could explain his reasoo., hat still not at syt. table was said about itiquiiy. At length he ill. formed us, Initiate! Friday morning some Cook rectors cisme to loin, and said. It 1, better to hove at Committee, before the restriction is ietrotheeid.' The Oil-octets, It Fertn-, .0 r , ested to ham, slier, it heal lie WA. aleiiit to 41,, a great public art, it would be as will If he offered some reason for it. Whether the em silty of the (king *seed him, sad that, thief-loe. lie oceelltd to eat pOopositioo i cato.ot ba7,. I;ot the Directors called out fur tie the Chancellor of the Exchequer said, • Inquiry be it.' II ice I not a right to suspect throe who net in this 'mimeo'? If the propositions are the same, I shall feel no difficolty ill agreeing to the Rig it Ilan, Gentleman's reference. But. when I pioceive him going on its this wimp rsy, I severe that there is s trick and contrivilice int foot to defeat my motion.—(neee, haor.)—Fur I believe he has as little stomach for inquiry us he has to give me his place.—(4 laugh.) —His great object by this Serpi.) , is to proven- the. tip. port of those who assist him both In re and Ore where. If this be the case, I must examine the terms of his reference, or else I probably will out procure W hat I have in view. IVhat is the Right Hon. Geutletnan about to submit 10 11111 Colllllllt.. tee ? Here it will be recollected that the proposi. thou does not come from the Chancellor of the Cx chequer, lest from the Baulk of England, and I give them credit for their conduct. Feeling that they might be considered inimical to inreetiga lion, the Bank call for a Committee ' to inquire into their situation, with reference to the experheery of the resumption of cash payments, et the period fixed by law'—and then came the Right Hon. Gentleman's sweeping words • a n d into such other matters as are comaected therewith.' Tliess- may reran something, or nothing, or, what I most free, every thing. 1 believe all he liar in view is to twee the restriction—end the easiest way by which that object can be effected is what lie really looks to. By these sweeping words lie may overlay the Committee—and it is very probable that he will do so. He Was asked, whether a Bill would be intro. doted, interferiug with the system of count.' bankers? He answers, that will be a very proper subject for inquiry. Last night, a quotient was asked of the Right Hon. Gentleman relative to the Bank balances. ' o.' says he,' OS* must ba referred to the Committee of Inquiry ll—. /A loud laugh.)—Now these points hear nu. thing whatever to do with that which I aim :11. If the Right Hon. Gentleanati asserte, that lay inotiou does not contain all that is ii-eessary, he misunderstands it. Fur, when I ask, what is the cause of the nun-resumption of cash pa} merits ? an answer cannot he given, witliont inquiry l o ts the state of the Batik. If our inetums are really the saine—if the Rig ht llon. Gentleman wishes liar an inquiry in the large teal broad sense that I mese, then let him engraft the first part of I is motion on mute, and I shall be content. If thins be refused, Clll any Mali doubt th,t this is an al leant to get rail of toy proposiiim e because I speak from the left side of the table instead of die rigiat ? All I want is, to have a distil, t aloe , r to my distiect reference. rien I a all be b.:. tithed. But, if th e Right Hon. Gesell in an make n loose reference to a Committee to be by 10m;:11 . --e/fear, hear)—the House is likely to procure nothing but a load ol matter, occopyieg great spier, anal leading to no definite coliclusimi on %lee) tiny Gentleman can form a decided o;ai. nion.—(//tur, --If au inquiry is colorer,- ',listed by the Right Hoe. Gentlemitii, tint I hate puioied out, t%l.tch as to l oo,:uce a slo— tiaet anal deeded Statellient, I ;fill pt ilrei:y swis hed. Let the House stand by mu-, :.iii the Ittelit Him. Gentleman, ii adverse to it hoe, call hod but little difficulty in getting over his dielike.— There are manly raw Members present, who do n t know the Right Hon. Gentleman as well as the old ours.—(hear, hear.)—They huve formed their mos abstract idea of at Minkster. They think lie must Ile a - man uI tirinuests, and fear, if they oppose hitii, that he will perhaps assign, Let them net be a:mined—let them determine tu veto Pis e:--lira; the reason of the proposition, without reference ;o may distinctima between one side of the Reuse Neat the other, and the Right lion. Gentlemen will feet no hesitation in getting up, and agreeing to that which he now opposes.—(Hear, hear.)-1 du Ms% speak this rashly. We have bud expelit-nee of the Right Hon. Geotleinan. The Duke of %Vsilitsg ton liar been much praised for his military skill, but the Right Honourable Geutlrntau can brat lion ten to one ill retreating.—(h/car, Am).—, My Ilou. ['deed (Mr. Gretifell) who has so of.eat mid so ably brought the business of the ibrik bee hire the Howie, was, fur a long time, accused by the Right (Iw'. Genileanati with eitarepresectieg the subject. I h it at length lie discovers that my I lon. Friend is light—that large sums of utoeley may be saved to the country from the —and i,aes claims, • I s u n the man that 0111 utt;Ct the it s iv ings I.' He gets on my Hun. Friend', horse as iiee !• is near the winning-post—lie endeaveers i • him off—end men triumnlialitly calls out, • :ore what an expert jockey I me l'—(Shours of laughter ) —ln the same way, he prophesied that the c• oo r a v would be destroyed if the Income Tax wear - pealed. It web repealed, lircause the Repree-a'a - lives of the Permit- corunisedtd it, toad lies: cones down, awl says, Mark, what a bi•taii I hate granted to the people—l have removed 17 'pillions of taxer,'—( Hear, hear.)—Next cost. •r -.