The British Press; or, Morning Literary Advertiser. — London, England, 1822-02-16 00:00:00

- to resent lo tweak down public faith to the tion to the question, whrtbcr they could sot, by the aid proposed. Could any man suppose that the in- of the fend *ram Orboaure which they had established, of :mosey could then sink below the preseut point ? assist *hal class of the eummuoity tibia moat required it; l ihen e whl ori ti g t a sth ettY would toe have to tarry or the payment at once invigorating the country, and iseceleratiog that ani s anti o scarce, and interest of owing state of national prosperity which he was eonfilent high.. At pewit, all could reap the benefit's, fain- I was approaching. And this brought him to that most ins . Low interest, and the landed gentry in path- T portant and most interesting part of the "object—the consl• taking in their transactions a foil share ! elevation of the state of our currency—that which was uuiver. by effectiially redueiog aheir mortgagee. sally looked upon so lowing comstribonel iw so sell degree tid that • reduction of 3,700,000/. would he , to increase the sufferings of the country, for there was t commutation ofetock, lie woolddieve it remem- hardly a single petition presented to the House in which the the redaction would be infinitely greater in ge. effects of the late change therein were not dwelt urea. Bat remote effects.' He conjured the House, Wilsey I here be was bound to enter his protest, in the most so decided earliest aboot returning to the standard of I !emu( manner, against any charge in that standard which , t currency, never, he trued again to go bark I had been re-established and consecrated by the Bill of his ,at they would bold true to that other standard Right Honourable Friend (Sir. Peel.) For whatever shades dion's interests—that pillar of commercial Oro- lof difference in opinion from the majority of the Cothinitlee ' , iris would guide them as theoceille to the pole, might exist is his mind at the time the Bill had peed into 'pose and intention. Standing then on that firm a law, yet, now that the standard bail been Axed, no bureau millions of Sialtiog Fund, it was the inteutiou of heing conld be impressed a stronger couviction of the Ito negocitite without loss of time for the retie- necessity of inviolably ailheriog to it than he war.—(Hear,) storks of high interest. As for neeeseity, when —lf, therefore, any thing which he should say would have by the Honourable and Learned Gentlemen to the tendency of olothing the terrify on each oar present Ilion of the Sinking Fond, toculetur over such currency was founded—if it coedit lend to the supposition ith necessity—the tyrant's plea—which ought that he would tempt the Parliament to lay their.sarrilrgiome jealomly watched when coming from under a I hands on that which shonld lie ever sacred, he should never r gown, as wise., exhibited ins despot's deem— otter a word shirk could subject him to such misinterprets lough that it was most objectionable on all I titan. neat, therefore, declaring his conviction that it wages. of morality, prosperity; or sound political ecu. , mobil to the solid prosperity of the country that the curreuey le would not put the full construction which be I should stand on its existing fooling, be begged leave to slate the Hon. stud Leaned Gentleman's argument of that be thought very coosoleroble assistance could be afford. 'nit he trusted that so ominous an expiessi tttt ,so cd to all cline..., and paiticslarly the agricultural, by meant ill blight every thing like prospetity, would not I n kith would somewhat Increase the floating part of the debt retied. Let Parliament stand otrong against th•t• : of the cossiory, and have the effect of changing • portion of bmeot. He was; however, confident in the coarse the funded into an unfunded debt; and be now begged lean would pursue, and that the motley would be to disclaim all intention of the Government accommodating in realize all the benefit proseed .10 it. He , itself by the measure which he should recommend. He state what Government thought necessary to I beefed also In say on the part of the Bank, that the ac the way id' immediate relief, fur the purpose I commodation afforded by that body for the carrying the sues. niter, and setting in action the firsetifying I Sure into effect was certainly not g. •to the Government. by taking the 4 per Crete. at 97, their pence( Government had thought it right to consult with them on I was so a fio.: days ago. It the whole frame- the subject; lent he firlievcd that (whether wisely or not he .to be comfiest to 5 per cent, stock, it unload MO be should el then inquire) they would have sefused the proposal Ministers to reduce them at once to the 3 per made to them as all accommodation to Administration only, • would rather bring them down to 4 per cents. but they bad acceded to it because it was stated to them that amount of 5 per cents. at one hundred sod I their compliance was likely to be beneficial to lie public.... tillinuo, rind the price of 4 per cent. Win, I He was 10 acquaint the House that the Bask lead agreed to tate relief to the evontry would he a di- I advance fumy mallow, on the security of Excequerr bats, of interest s q ueal to 1,410,0001. Assenting twining three per cent, interest, and payable we very aimed Ihe saving of fire millions to the nest year were to ; nutter, to guard any combination of circumsisoces penile •in similar reductions, the money un that would to occur under the resumption of cash payments. Tbe Na. 100,0001. For this purpose five stallions of Sinkiag tale lard then pointed out the ieamna which influenced the • absolutely indispensable to he kept rip: more might Bank in calliu.g for the repayment of the late debt from the necessary. But the question for Parliament to determine I country, and maintained that, now, when the exchanges bad • effort of the do; should be throwe into the reduction righted Iltemseleee, end other eircumstauces were inure bt, from high to low interest, or is actual blonde- ble for the transactien, this advance by the Bank Ulla PO had no hesitation in saying, that, wader all the dui . - departure from the principles of the restored standard. So 1 circumstances of the case, if Parliament differed far was therefrom beings disposition in the country to prefer Into° anti desire of Ministers, Parliament ought . gold to paper, that wherever it was sent into the Country It Itself distrelion,andenforce its willoothe occasion. I returned in great part, and the circulation refused gold any ion now was, assuming that to be fart, which be further than was necessary for estimating the valise of paper; bed demonstrated, that a saving of iitteress to the and this fact authorised the Goverument to think that some of 1,4110,0001, would be (libeled by the reduction addition to the paper part of the currency might safely take per cents. The question. he repeated, was, in place, and the Haul thought that on a promise of repay. that could he best reudered available iI.II the relief meat by instalments, it would be justified in meeting the try'—it brine a must important question in what wishes of the Government fur the purpose or leading aid to advantageous to the interests of Stir erlsule coo- the classes connected with agriculture. Without going large rliament could remit taxes to that amount. He Iv into it, any man who looked into this question with an is attention of the House while he stated the view ielligent eye must see that such was the stream, he should taken of it by Inert( and Isis Colleagues. Per- not any stream, but tenni of colt: which was flowing were a mere dry greetsuu of finance, the tax to into the country, that there was danger to the eountly lajesty's advisers would look upon Hite occasion, if it continued, it that momentum of rapidity were mon oof which they now contemplated the removal, tinued.—(Hear, hear, hear, from the Opposition.)—.The no- hesitation hasaying, that ale tbe most extolls tendency of that immense mass of gold to this country was /loch they had been able to bestow upou the subject not greater thou to others, other Governments were engaged the additional Man tax ea the last deity which the in the same operation' as this Government, and endeavour. at had thought accessary to raise uff the country— ing to draw that metal into their coffer. ;so that the general the article of teas:ion which had excited she great. standard of* world was in danger of being raised above its in the country—and ea it was that which ponied value. It we to be recollected that this introduction of yto the relief of the agricultural interest, it was paper to the market would take place melee the centrol of a lit)* of his Right He. nand (,Nr. Vonsioart), fixed standard. There were two questtous which ought to annual malt tax was laid upon the table, to pro- occupy floe attention of the Ho u se. one of which was, *moral of a proportion of it, amounting to Is. a whether theefeds which the Bank had placed In the hands malt, or Bs. • quarter, the effect of which would of the Guveemnent could be disposed of in any mode of more e the agricultural classes to the extent of between direct relief to the agriculturist, than that which would be moil 1.500,000 f. He admitted that great as the recommended ? The lion. and Leaned Geetleman had the 'night be, still it would he wrong in let:oven- other night laid down some very -broad principles, and Ideavour to lessen it, if it did so by violating in any among them, that nothing was to be done but by a repeal integrity of that system of ithatice, an adherence of taxes, and the consequent abandonment of 10111111 ; when rani(' every, day feud to seacne the coutury from ever be spoke of a loan in a system of finance he looked to ery theotiventences; but his Right there. Friend, it as an exception, not a rule; but if the proprietors and toned the Ways nod Means, would chew that others connected with land were distressed, and could be re ineeessary. So that the million and a half "meld hewed ley all advance of five millions, there was loathing in d without danger to the moot system of nonce general in that scheme which would deter Government tram sight Host. Friend had established. He felt that adopting it, if they saw how the money could tie placed eat on the reduction intended for the current year, he adequate security, for it was on such terms only that any as much as was usual; aril that in extending oue's class amid Ise accommodated with the use of public money. iher, one necessarily lead to deal with much of too Butt it could be seen at a glance how little parallel the and therefore if be attempted to do SD ; be trust- landed nod commercial interests were in Ofordirig this fan owe would receive with isehlgence whatever head- lily. The greet merchants and Indere lived is large towns, 'But certainly be did contemplate that iu the next sod there was sot much difficulty in providing fur the ad f Parliament, Parlianieut could go farther in the vancensent of a loan to them—hut she case was different relief, and that taxes • could be taken off to an with the proprietors of land, nod the cultivators of the soil. .t exceeding on million. lie cowls' not avoid If funds were to be supplied to the landed peoprietiw ON hustle farther, and carrying his prospect jell° what mortgage, at Ins than the common rate, theu the cense done in a *Nader way the year after next. The queue, would be deal all mortgages would be changed to then hoped that a relief of • million would Government ewes, and thrown on the public. But there II in the year after next, iu consequence of would be infinitely more difficulty in &she with the eulti for Greenwich Hospital not appearing so the 'rotor of the soil. Atelier question (shirk the Government and the anticipated improvement in the stale had certainly considered) was, Imo far relief could be afford. I, by nut requiring so twee a military force ed to this description of persons, by protecting them from present, model pioduee some further seethe, sod being compelled to bring their agricultural production,' pre. "e operation of that fund, which the Honourable and maturely to market? When the landlords, with that cue- Grailernan opposite would wholly destroy, that deem, attention to the condition of their tenants which had was the very means of teeing the charges on always characterised them, had reduced their rests, they felt papers would be laid un the table to thew that themselves justified in compelling the tenant to pay his nolt, very fund there would be • rater I saving of and that necessarily drove the tenant in market oily early.— f • million, he believed five hundred and ten thou. Is corroboration of that assertion, he could say that the Inds, and by reiterate eke 3 nod 5 per rents., in quantity of corn brought to some of the markets, cud par three would certainly be a relief of two millions, heels, ly London, in the present year, was mealy double . There would be a saving of • million next that which bad been conveyed thither ie other t growing saving of half* million a year. Here (Hear.)—To stop this would have been a meat advantage to pottage of that which would he destroyed by the the cultivator, or whatever had • tendency to disturb the tow head of the Hon. and Learned Gentleman. He portion of the supply to the demand. Therefore it had been • explain to the House the rthrct of tins system considered by the Governmeut whether they might not take .11 to come. Of course much of eat he Calculated his produce as security from the cultivator, nut is the yard, depended on circenianees which might turn out differ- but the watches/a ,• but on a full consideration of it, he was what he antieipated.—(Cheers from the Opposi- mit prepared lei submit arch • proposal to the House. lie -alit he was obliged to imagine something—(Hear, was sure the House would think that his Majesty', Govern hear)--er his words would he nointelligible Tbe Noble meat had not done their dilly if they had not tried every proceeded to pullet out the progressive savings expe t i ttt ent, mud there was a more limited view of the rpm ratio during the above period, mad inferred that lion, from abide they were of opinion great good might arise, .egote it would he in the propos i ion of five mils especially in those counties must involved iu ember raarnsent r ir, or thirty millions he the whule.—(Cheera)— Fur though it was difficult to deal with land by negotiating show what was the nature end value of his sys- with the individual landholder, and absolutely impossible red with that of the Hon and Learned Gentleman with Ikerouisator, yet this could be done with parishes in He knew that the Hole. aml learned Gentleman whose rates there was a deficiency ; fur then you ailed fur auld say that ale of the details of his (Lord them in their corporate character and for corporate per- Londonderry's) plan could well he fallen n with, and he in- poses. Therefore it was Ihe iutention of his Right Hon. du his own—antl that must be allowed ; but he Friend to nee for lean to bring be a Bill to enable Cum. tend that the great leis, the Main features of it sniesioners, to he appointed similar to those fur the distrie .und essentially different. lie del say that retry au- tie of fella to he applied to public work., to apply relief muting from the Making Feted would be excluded in tits same manner, but more extensively; and uu the ap. the lion. and Leaned Gentleman, for be would phication of any parish to übtam relief In its rates, to Sinking Fed altogether. He didsay that every be- issue a sum et exceeding the amount of one year's ing from the reduction of the interest of the debt assessments, to be repaid by instolorents within three years. ailed from is, because be was 1101 in a situation As the rates were levied on the cultivators, the issue would weld be poseible to adopt it. Ile hoped he bad he a direct relief to them, and would have no tendency what himself fully on this port of the subject. Hay. ever to make • public luau advantageous to individuals, contemplatiou to re rat the war malt taxes, as tt would only reach him in his parochial character, and to a miltion and a brlf, this year—having fur public purposes. Hr should not go further into the the House the general financial cundittuu of nature of the memiure; but he would freely own on the .s—haring given • recast sire of our in- part of the Govertenielit, that if it saw ray anode of more expenditure—mid having described the ma. cant relief, it would adopt it. There was nu reason why Ihe 'canisters of the country in the mode Ihe agricultural should nut be aided in • manner parallel to lhey would hest fructify, he thought he had I the commercial interests ; but llw thfieculty was dm mode of large prospect of relief—nut according to the affecting it. If • better mode could be devised, he should Ilon.and Learned Gentleman—not at the expeuse I certainly adopt it. He was happy that there was Daly ase honour, the credit, lend character of the country—but other veal brooch of this subje it to which he felt it se. ay which, while it preserved all these sacred, would every to call the attention of the House; sod, certainly. mediate relief, and carry comfort home to the breast cutiaidering the reseed condition of the agricielturists..— /er of taxes in Ihe country. 'thus they eel,' the Committee of last yenr—the Report—and die views which such ' , none his (Lord Londonderry's) plans it bad opened to his aloteoty's Attesters, they "would destructive ones of the Hunoutable and lammed have slept on their post it it hail rot employed their But his Majesty Ministers would not have reside ratios'. Ile freely avowed, that last year, when the Inty, if they bad not also dinned their 'Ben- Honourable Member for Suffolk (Mr. Gooch) had ream. -.--~ ~•, IN _, . __ . . IMMIN MEI MI i ' mended the appointment of the Committee, though he had promised to attend its sittings (which promise he loved he had kept), and bestow no much of Ilia lime on the matter of its inquiries as possible, yet he had not been much behold to try the experiment, license be saw then... nine., re sulting from its appointment greater then you'd (in Ins view) be enisoterhalanced by any advantage likely to arise from it. He had bees, averse to it, because he was .were that visionary expectations wete then cherithedby duals in the notary, which the adopt ion of the measure might seem to countenance; he had apprehended it would en. moorage bore funded oat principles nut sound. iest i ro d , could rod only in disappointment. He was glad to thy mw, that the soostselutary effect, had fullowed from the Albeit /a of that Committee. He believed that it was leading the country into sounder views of the subject, and that the hater of delusion sem 'messing rapidly away. apprwred to lie, that the isaintsit was coming whew the mnisfectoriaig and cominerchst ensue, would see that their interests pier net distieci—dO'betrio).....for in his conacience be belaeui..l 01.1 the lateen, of the landholder and the manuf,,ian.i., is., • one, sod deal it would be as little for the awl. of the landholder to obtain high prices, a. C R 4e , noombetorer that they should be umeasunshly lug , and the bone market thin be impaired or destroyed. lie had always thought that the two tubers!, *ere ore a •I the same at bottom, and that the only slitirult y slo e ;it see the central point in which they were condoned—(t:oi, tinned cheers )—The schemes of proj (lore h ol pa..vd ash), were on mute heard of, for it WV seen !list mithitig mull be dune by ptaateelluty than on much predectiou had been granted to it alendy us It meld have, an-I I nstead u t SO s . it had now fallen to 50s. a quarter. le certainly did that Ate site lhepurt on the table, Ministers would liar,. greatly blothrvl their duty if they hail 1101 recommeadid the revival of the ut erietiliweatCononstitee. Let not Hon Celt. laymen ima l :ntie chat he was contempt:titer, a Ceara Hill as a memoir of relief; sio immediate heuelit would flow (runs thie measure, except the relieving the morally (*Ma smite. heneions. Has object was to have it, , former Repast meow entered, with a view to the correct iuo of it s admitted defects, and to &nerd the country from the calculation which migh t be made from it at some future period. What he nerd at was a modification of the existing ley. He used the tern, modification, lwenuse he did not unit to let loose sigsui principles of a Corsi Bill; and soma: persons were st",il hop ing for a more ex:ended and shiss'ute ennuopoiy. Ile Mind to see whether some modification might not be aide in /he existing laws. guerdirg the interests of both patties. He cnneidered the cella of the law to be two: one obvious ad was, that the smallest rise in the price &her it had attained the limit fixed by the Statute, left no medium between mo. ttopoly and ntiqualified extent of supply. The elf, et of a rise of one peony above SO.. a quarter, Hue* the rummy open to the corn from all Europe for six weeks, and is that from a more (Inlaid country fur three months. Tio, were out to suppose that all the rest of the world Sir rioting in enjoyment anal delight while lEaglauel a!ose s a d suffering. This was always the state of industry, and c Kt, pared with the cultivator of Amertra and aiNeral pars f Europe, might still be called the country of irottvfon, 1:e bad it on undoubted authority that day, that in Silent*, proprietor. had not found It worst, while to take the ems ell the ground. and the finest wheat in the world vim** In rut away. In Rohemia the preen were only 1-111:i of what they were during the wer. While the whole perld was attf•nafs England was not to supple that she alone win stiffeng. Thinge might have taken a torn in last autumn •liirti would cause a very different scale of prices from *hat pre vailed nuw. When he passed thendliffironilsam on r his ear from Ireland, in September last, corn was selling 111 market at 60s. per quarter. He put it up the house. ., wheat was now but 50e. a quarter, while the ports Xad hre so long closed, what outfitl have been the situation of :he country, and the state of rine if accidental eitrionstious. bad caused the ports to he throw,. open kw the arst three mouths of the seer ? The consequence would have been digestion, for at this niunient all iEneope was in a most disordered state with melted to the growiog end supply of corn. Ile thought it haeirdous to open soy vague ideas at repent, till the case had Lees ma turely considered. He must protest against laying done; on foreign corn to secure goal prie••• to 11n, fh i t u ,t, grower, and if ever Parliament could he vended *Naito pass such a law, it would be in a great degree 'ono; for at the very moment when its protection would h e assist wassied,ithey would be compelled to repeal it. In ceder to keep the lots tests of the country where they were,4se .use MOM motion to consoler whether 'they weld thrt place agriculture under the protection of a double, inland of 4 single average. With respect to the warelniasiog apices, the law should ,have Undergone noire examination that. it had received last year. Foe !bough lie was combeed that the fraud., if any, committed in this way were eo that the people would be deluded if they were led to thick any onion. part of the evil resulted Guns them, jet he was of opinion that the survey of the emnittitice of core in the warehouses was not made with all the exactness of which it was susceptible. It was alas of great important. to dealer', that the quantity in the van-boson should he kuown, and therefore it seemed to him that it would be use. fit to specify in every Gazette the quantities which had been brought in, and sent wit of warehouse■ siece the last, toge ther with the amount of the whole quantity remaining. It wee fine to throw out the idea whether lioioeihing might gut be done to encourage the ,storiug of firoith corn in ware houses till it should have attained a cerium price in the musket, taking case to place a sufficient interval between that price and the geueral protecting price. It was not M inded that the encouragement should allure lima mow the interest of the value of the corn said the es panes of warehous ing it. The proprietor was to bore the power of mom( it when he :deltoid, hat if before the market hail auathed the stated mice, then he deprived himself of his reward. He admitted that this measure was artificial, bat the whole system of oar corn laws wee. its his room-pinto, artificial. The Noble Lord illicit begged pardon for having.trespsued at so ,such berth on the time of the House, and concluded by a bug and powerfull appeal to it, to ad ,ere to lbw Pel t principles of public policy and oational iiitectity, which Ink raised its character and credit to the lofty eta' ion they sow held, and carried it wish glory through the arduous nod Mutest in which it had Itemise lung etigeged. He sat doom end Mud cheering, n hich continued some niuments,afier which he moved, that there he laid on the table an Account of be net public Meowe of the, country from* the sth Jammu! 1020 to the sth Janney 1821, and of the expenditure fa the same period ; " Also an second of the amount of the Fended sod re funded Deb, sad of the Wenn of public mosey Exclisquce on the sth Jaunty 1821 ; " Also an ateinint of the mosey applied to the T/41'10;11 of the Funded and Unfunded Debt doting the same period: . " Also similar accounts applicable to the 51 h Join. 10:1-. together with an estimate of the probable oxpeneltittie lair the year 1822, exclusive of such sums as may be epp:441... the reduction of the national debt." The quiestion having been put-- - - •• 31r. IfitOUGHAM said he offered himself to tin lloste with great thllldener, after the able statement of the Nvllle Lord, which he had heard with great attention, Mil tab from his high respect for the quarter whence it caw, *in also un account of the vast interest of the questions *Win'. involved. lie had to congratulate the Moose on the *weal. went in the tone of the Noble Lord, comparool with whit it had been the last night he add - d the Houston the *se *abject. But four dies had paned since, and so much MN! experience bid the Noble Lord acquired ; boons hid administered, on doubt, within that time, which had P"" deiced- their due efrict ; and so great was the iIUprIWCINOI iu ibe manner of the Noble Lord, that they bail brea 50 longer astonished, as they had bet a LIM Ploaday. hY . the extraordinary levity of the Noble Lord. lattuad taunts against ore Member, jcerP tin another, aid apprah t^ the risible faculties of his melt iors, the Noble Lord had it length applied himself to this glteaiun with she pont , of his mina and the seriousness which became him ; and In reply to his (Mr. Brougham's) had brought forward a.m.' , " teriiistement. He owned he hid had a grist apptabcusion that the plan which the Noble Lord had been going to Prer"..". was like one of those beauties which are beat area by al." —(Lsogliter.)—And sow after lie had broeght it forema lie 6414 PO laboured to rover it aver and ammo! It with this veil which he (Mr. lL (VOW WWI 111 ilh Lay art et his roe. Irate, that he should not be surprised if, after all his Affll• him sod anxiety to Mktg the Noble Lea, be had *mane . . . :-.• . . • ... . . - .•"- . •- - . • - . . - - . • - . - 745 " I a - . a. .. e • : ~ . . e. • . , • • . • es. -7 ' • , -...... 5 .",ty g '„,. k . s- ):.- 1. ' 4 o. oe i b ; . e • , i k e e 44i f —. s s 'the inereare Ireetet confined to Inglieolar creattlies Or Istaelm, 1,200,00 0 1. ; diminution shout 700,006/. Miscellanies for if they were I " h ere a Partial ellmage io the commerce and road it inn of the last year 1,892,000/., for this 1,700,000!.; di•crense m manner pro 1 people might readily iceboat for It; bat Ocelot 9999 r was se- 192,0001. Clear reduction on the whole, comparing this I Iciest of -m a i sterol ita its cheroot'', and had only failed in three particular • year with toe, 1,058,000/., exclusive of 80,00 W. which ! Judge then re eases, which were to be aeremeted for on particular reasons, wool, be paid oat of the wavy retie - Wes charged in the lof debts sod i i and would not furnish any thin In the Calera of a g• - neral Mtge Gene on other departhiseists. Comparing obese esti. court... high. inference. Thme facts would alseartite earibilitiev of the M M aumee/O the eopplieri reamed in 1820, ve5.11,830,0001.,.: mice of low • I country, as to a resurrection of its latereett, mid a return there was lareduction of about 3,640,000 e Themepplies of ' ruler Were to Prosperity, if the House woefd welicontiuue to ay. thet year were, Intel, I8,290,;000/ a ; maul fur this year • of the belief 1 11 °It the Uwe ladoeilraell cif 'the AttlarvllVe s s ltreopertth. in - 11134,6001 ; rtnYeresice between this year and last. about %Alien he said most of the districts there was au increase o r the rarco e 1,709.0001. or about 1,170,0001. lest than the stipplies•re. filled by a duties. Three only Sheered no Itsferase, mid truly three Cx• commended he the Finance Committer. That was to say, tared that t bibited may defiethieser. The Miter *aim an 4011aimi o na of nearly two million. below lam ?owe, owl about 3,000,000/. trend and rev Canteihmy, Some:, sod WurcesteschiM, whose the Jetties lessehan the suppler' of 1820. He unshed to mate tallow' that were in deei .• cot hops bee...failed from the badness of the bourests. the House would beer itassitolthat this was eta to Ire v.hte in the i He was "MI lo ruttere age Howie that lbe revenue showed considered se a reduction of two million% upon nineteen mil- trim it, that . a rise upon the wbaleof upwasds of one million opcm that of lions. There w. re u p wards of five million, in the nineteen of the nation the preceding year. As to the produce of the country, to • millions over the expending of which Government could I *verity, whir , prove that there wee -a ruing ProglutrillYs be would Mate a . have no control. Tile iliniiinslion of two million; took to their purls few particklare at to the amount o exports, Ow best means eflecl on the Iliis tern ma'am., or a little more, which re- I basis of five i of aseereatatitg the ceudition of the trading Mthrest. In the I missed ; and to it was us effective eedectiou of the deport- Government year ending October 1819, the emporia were 37.537,0001.; in menu of abort one-sixth or onetheventh. Whee he came lawn of the in le2o, they were 3e,82.,000/.; in 1821,42,747,000/., tonic an to the question of the real income and rependitisee, be •appe r d as b : increase of nearly 4,000,1100/. upon the preceding year. So that 'would mate, that there were some extraordinary ex- the confiecati ..I . ,•here was an 'limas, of execute, and of the iota/vat t 4 l.l4lllltlap. roses which were nut likely to occur again. First, in the an act wits iemocetlered over the whole face of the country. It would not army extratudiamies for the employment of the yeuntanry to be rat Jo . ' bled that the revivifeing principle was as wort:, of Iretned, calls fur, onsueg either (enemies, by the present p t ,,t,,, 0t ., g , otillid it was only for Parliament to exercise its wisdom state of that country. There «ere 300,en0/. rerpthed for be it eatim ;with prodesee to secure the happiest effiets ftunt. it. Wow I Ireland. Fur expense* at Greenwich Hospital there would principle, of Rhea to approach the question of the Armorial lath:elute of be 320,0.101. extraortlittury voluted; at the same time lie „ my , He, She enemy, -mhe point upon which be allies-id most mate- could amuse the House that li'eleitti would nut long run- m i z ia oil no is rially from the Hun. and Learned Gentleman. He meant to l time to embarrass the expend!' iiie of the country. It was neceesily; b. s e explain that difference to the House, and to whew the rem. to be hoped, OW refl , 4l/11.1 of homanity. with every probalulity "i o d ate d 1 ,, reses which mark hitn differ not only as to the question lin favour of then., that the disturbances would soon he at ali again be nay itself, but the , the• and inferences drawn front it. The Ho. end. In er.l."rl 10 the nave estimate., Ilte hems he encroaclimeo 'utterable and Learned Gelatinise told the House, 111,1 to had Mentiorred 'meld uot recur again, as the Noble p ar e ammt a . . the reductiou of taxes, and that alone, °atilt they to look for toned at the head of the Admiralty, obit was busiest in ena bl ei l tit I n remedy to agricultural diskette; tad only by pualiine that reduction., wortl , l be able to absorb the whole of would now redection to site extreme could that relief be found.—(llene, this extraordinary 1 4 41114, lUgflihrr wills other expenses, by be s h o w in . tear, from the Opposition oble.)-elfe was elteerlistelv glad I a change is. tie 141411NEP011flat of the pens nail many of of 'Holing . • 1 , thes he hail SO 1411CCCSatilly quoted the words 'tribe Hon and I the persona receiving theenoio s. lo effect • very considerable pr i ncip l e . i s! , , Learned Gentleman: Let it mut be supposed that be mood. general ll I 114 Ili ~ 1 i 1.14. There ureic biotite, fond.' of gout ex- p r i ce , or is % - I S , eel to argue that taxation was • blessing in itself, or that he I trill lied sip at pole at, which would by and by be aorailtible lions were to . wished to persuade Parliament from repealing any tax.' for the repen.es of that slepartniesit. Having slated the re. t h e wish of which it might be really adtimble 4 4 repeal ;he awed in . thictions projected, lie won't, teem go to the question as In cents; they • It she necessity uf repealing all taxes which could he spared, the reol ilicosige and expenditure of the country, what Wee Totting the a 'Rut the tiorotion was, if the repeal of lairs would bring that the surplus left ins the face of the areisuot, and what were pity-bee mil • ,specific relief which would immediately cure the Mottos...li the menus *bleb would he available, under the ruder, of the immedes ~ of agriculture—if immediate reduction of paslice her taxes Proliament, to relieve the burden. ef the country. Ile wish- minution of , . „bearing on agr i cu lt ure wou ld bri n g i u sia n t tr o u t', and that ell to bore she Resolution of the tiou.e in 1810 read, that after the . 'Without breaking in on any of those sound principles of the The Cleik then read the resolutlim of the House, which be laid out i constantion, and of political *Mester and econotny upon declared it necessary to have an effective Sinking Fund of amount to4o 'r which the country rested? Here was the differmsee between five millions of annual inctone, nod that fur that purpose Fund wriest iliem : the Hon. and Leaned Gentleman looked only to the it was necessary to lay on three millions of additional taxes. he oeovesary • repeal of htes; be (Lord Londonderry) looked to thine The Marquis of LON DON DERRY haying called the is, if the effol , ' f - principles which, opersting on all the intermits in successive, attention of the House to its (twiner revoluti tttt , would now of the 4 ' l ° , • hound their fate together in the result. With slit s view of lion. lie bill shew what was th e situation of the Home . and the Govern- , ' • the slihject he would state, that the preposition of the lion, fieulties and, 1 y i :and Learned Gentkniais could not be sustained. Ile oosthl merit in regard to it ; then he would state *hat 'ley were • in a condition to do in "Asie his reasons for denying that the question of telirf did tie would not then go into the g , need question of th e Sink. • i ae a"" e . lb 1 -' It depend on the recoil of the taxes. He would take the •tug Fund, but confine himself to the expe n se s of the country, ' . • The question highest p ossible case which could be essonteil ll "PP"' the ard the coesiderat Mu tit' what surelmaremiined for ',Mauldin% , -remittance of the whole of the taxes *napes. .botted be bai II nee—he dud of that fund, agreeably to the oonluitini ef the Honk. New ! ...no."' of of • .toui prelim to be grounded so deeply in politica l economy then to state the iucume of the comma!, and then thee-hang" i °I . the 5 P e ite the Hon. and Learned Gentians'', but be would rest on it :—The reveuue of last year (to say nothitie of the itos.. "hat we the • upset a very competent authority, end declare. that by ere. provetneito left a . su rplus quite adequate. The actual so- "th e " nuts milling the whole of the taxes they could nit relieve t come e „ 1821 was 55.907,0001. E wen th i s 80,0001 e most b e tootle usual a the preseut pressure tan agriculture— (r, hear)—aid if paid „I f —being arrears of taxes atie from the previonoyesr, 'smutty Part - sr., there could be no question existing as to taxoton being which could not recur; besides another sum •hicli was begged.tlse a • the cause of the distress. He wished to put it its this saved on the Cushion by transiferring the coast blockade - "lel' wan I way : Hew did tbe taxes hearing on agriculture operate in hat if this v to the navy. There were also expemos on reducing ufficers • respect to the farmer? He would state his opinion on that by allowieg soperasinuatious, about 1150.900/.; making gram which bin M i re query, and leave it to the House. The sell of his inqui- was not that reductions about 2350001. They were alio to deduct the • -.ries led him to believe that the whok of the taxes bearing on loss accruing from the repeal of the hone Mx, 480, 1 1001. • But he h ad 111 'the agriculture, is the farmer ' s double capacity of producer also French indemnities, received in that yeat,3Bo,ooo/.,,th; a t ten ti on whit i. • Wed consumer, might bens 1-7th to his landlord's rent. He expenses of the army of occupation haviog been previously — that as the • believed that to be the rate; but be would lake it at 1-bib, -that h acconisted for. There was also motiry paid on public works, , and then arise the case. Suppose the taxes I.sth of the • as it was the 29,000/. All these particulars ronsiileicil, lite total in cept : rent, aid the rent I.4th of the value of the produce of the of the country last year wa555,228,01)0/. There were charge ; eat anxiety ° t - land (a general and fair average) , the tale. w e re t "" th at on the conaulitlated fund Z 9,609,000/. beeides some exporters aneat sturely • the whole produce of the land, or equal to 5 per cent.— wi d er „ o w e hotel amowitheg to 2,010, 0001 ., toget h er ma,. , She ititeinior His &remotest& hitherto, supposing that the whole of this 5 ing 31,650,0001 the whole chaise on the debt, interest .of when the and . per crag. could be remitted to the farmer, would shew that Exchequer bill,, and expense' due In the Hank, ' Pule the rem the remitting of all those taxes could briber hem no adequate 1,5 00 . 000 r. The tool expenditure for the last year was 140 . 1441 " 111 • relief. Tu effect this winch fur the interest of the land, 49,618,000/.; examirdinary charge for Ireland, 350.000/.4. he I ° reli ev e i would then cost the State the 1 , ,50 of seven 4 W eight millions together 49,968,90 e/. Deduct this sum from 55;1.28,000e, 1,40 0 .060/. it and it would leave a clear 'surplus of 5,260,000/. over Pressure mig Mon would ever reach the parties, the rest would be stop. w meta to entle the entire expenditure , including all th e willowy and I Fred by intermediate agents. Instead of the 5 per cent. pro- eatraoreboaey euraaea.....(hiewr, hear, hear )—There were , di tree the in pored, there would be only a relief of 21 per cent. Estherto which woi yet other sutures feftio which ravings might h e e ffect- bell** extent of the relief, or the State must part with ed, and more puticularly in the expenses of the East its temporal double the amoont of revenue to give them relief to the in bringing India Governeneut. There wire several brioche, of amount of 5 per cent. Ile did um mess' to say that to remit iit was linnet expense contracted for the protection o f that em- per cent. to the farmer would do him no good, but it was Plar be removed pure, which ought not to fall tan the coun t ry . He thing to tin' relief wanted. It was delsesioo to say slat the ex. a hich his Ri knew little of the grime l liberality astel high mind. promo of the Slate focused in any considerable decree thee. e d ne „ o f the Ent India Company, if 'they did out in 'tailing th' cas ttttt of agricultural distress, and that it was mit derived had done as 80011 express . their willihgurea to bear proipectierly some from those great causes of mouse which would have their ef• more considerable pee tiou of the expenses which were at- vi e w s fart l rel • le ^ feet, and were rot to be controlled by any that ohieh Parity. I lathed to the mainteuauce of that Government. There eerlenr „ ll Y , ar a. menu could effect. Taxation was ossly a corner of the quo , - were 20,000 British trumps employed iii their pay, but these e l l th e uun i " ale" of shalressr and sot the whole question; and i ll" a s were expenses of invaliding a oilier charera which they hid yawed. 'Btu arise Y 1 in *pun what was ultimately to be done if the not continuation of distils should create • necessity fur doing it, thought of providing, but which he had nu doubt they would be seedy very soon to take on themselves. Before be Semi°, of F article of IV he might have ahewa the fully of gaittlrostog relief csuld be went intu the more important question or what was most amount mit alcoved from a remissian of 21 per cent., by referring to whet fitting to be done in this hour of difficulty to relieve going • lilt • the Hun. and Learned Gentleman said on a former night of the burden, of the country, he could not consider that he might be the landlords, ilia the whole rent thrown off world not of had done his duty if he did out congratulate them en the I I , lirxe r enatesil ally relieve the tisane It eras then a waste of lime to argue, s proud and firm position in which the contort , stood under L ' e • " la i n " .nor would lie dwell en it, but for the sake of dispelling that all the circumcise,. es. and after all the digit-elite. through the elta 'S e I dangerous delusion which would lead the distressed to be. I which we had so happily laboured. After the financial pro. "limaler. as t love that all their evil. bad their cause its taxatioo, and were I position recommended, It most be a gratifying and proud ° I. I r e l an d, nut in the bands of Provideuce from wbeace alone relief could h our to his Right Hon. Friend near him, who had created an at P reset) be derived. But is might be :abed him , through what meele such honour to himself as a financial Miuister, that after I fruit.e_ the, o pt t would relief be proeure d ? Hi s armee , „,„„,,, e ro am a tomee it managing the accounts of the maths, through perils and L earne d Li! r never failed to come. All the interems of the court. y were difficulties msexampled, he had been enabled to make such I fund which I statism duos to that firm basis of prosperity by the operation the Colltliry, effiota as never befere were effected, w h ere b y he had secured of theorise principlesof political grimier and economy. Agri- to t h o gial og fl ood a n ow b as h, of Ore „ thole ,. This heel from that we cohere would be benefited by the improvement in the other him ,to the last question between him and the lion. and about half s interests- It was not possible for prosperity to increase in Learned Gentlemen. He deprecated the proposition of the sand pouodi commerce and mineefaeltires without extending their effect toafter yeah il .•1' Hon. and Learned Gentleman to b rea k in on that bulwark of agriculture. But as to relit h e eving aericult t f mosrom the fair •public Rath to the hazard of the country's credit, and to if out more. pressure of taxation, bow would this °peewees's the character the !within up of that security for it which ell Mamie, year, mid a i and coaseq mance of the prepriethrs ? Irby soy imprudent con- emisions of the Goventsmot, it being lost to all proper coral- public and private, should lead them to protect and pteserve. wari.l.lse, ad,. I And all for what ? To remit that tittle which lie had berme rifimii ban • - f devotion of the true principles of pelitiral economy, the lewd• described to au intermit which might be partinlly depressed, 7' nuw I° s holder, should be mimed from tbe respoogibility of their pre. but which ought to look fur relief from time circumstances I fir Ex Y ears I a t sent sit eationoas ebielcostribuiors to the expiatory.' of the state, which, being created for them by • greater power then theme on depended they most droop to • lower station. The laws of oat ere bad 'ought to he disposed of by the wisdom of Parliament. Lot entl Y from ' decided that it would not fructify to their advantage fur the the HMISe remember that it hats always been the chief ob• t wu)—But I 5 Parlismeut to take any ~stores either to force up the pro. jest with Ministers to sustain the credit of the country, by hear e heal l — dare above the isateral prier it trould prodece, we tu release ' 'earlier up rhe &eking Film!. Ile now cause to speak of Lord then m them from their contributions to the guyernmental expend'. remedies more practically. The first of which was list iw likely to arc. y e ti tore, and the ithriftest punishment would filthily their dthobe . tenths° of Mulattos, as far and as soon as posaible, to to the e gr e t I-- 'lieut.,. It was idle to look to thereat...rat of lazes for relief rednee the funds of a high imereet to those of a lower lions a year, from the bordens now pmsing on "hem. Thus far as __‘44. rite. The five per cent stock was in amount 155 mil. This would a , . the csgeultal matter of difference betwee n the Hon . saw lions, • soil those of four per cent. seventy-eight mil. tem el : m i ser .; Learned Gentleman and himself. He proposed next to Nee. If it were possible to reduce thrill both to three per ° PP .:writ ' " exentitie what was the financial situation of the. t our- cent. stock, there would be an annual saving to the country o pp osi t e ne w try ; next, what were the memos in the posses of of 10,700,000/. This wee the Comae whirls Ministers wished Londonderry Cureromellt capable of allltrdiulte asd , lastly , the wi"luns to take fur the relict uf the country. If the Hutu e kept to troditced int and mode of &WON; any of those swami to the case, lea,. the pledge entered into in the resolution of 1819, there would conic sag miuugh to satisfy all the exigencies uf the State. He would be funi would be every year • portion o f the debt of high interest '.‘... I would take that opportheily of stating to the House, that the reduced to one of a lower, and the proportion would be 'acreage of the reveller cooliimed quite up to the Preset" greater the higher the fusels rose, and by consequence the front that of t lime, beteg on the last five weeks of the suaniug quarter equal to 202,0001. as compassed with last year. Now, as to lower interest 'should bee 00000 e, which must Klippen front abulab the Si the operation of the measure. The House would judge of vantage emu nefi t aces uius ,\ the moose Government intruded to pursue, and first, as the efieet of this mode uf relief. If the 5 and 4 per cent a.were was exclude , I to the reductions they had been enabled 1.• snake miser to be Seduced at once to 3 per cent, stock, the state into which I wher e tt , w , t° 1k Parliament last met; to shew also the meths! revenue and t h e mar k et wou ld h e t h rown might prevent t h e surcessful ope. I explaine d lit .4 • expenditure of the snitary, •nd what was the actual usrphas ration of it. The House would tementher that after the ' log it in I 4 reabord ; and so be would be led, lest of all, to cess.der establishment of the Sinking Fund by Mr. Pitt, the 3 per rlawnwttl " l ' ohs( v-ere the means, •nd the moaner 441 . applying them, stated to tl teem. which were as 58, rose, in sox years, to 711 and a fraction. which Goveremeat had at disposal fur the relief uf agricui. The present fund would °petite mill more powerfully; and by th e eu""t 1 1 f i . tore, mid, through it, of the country. He would NM moat firmly upholding public clean, it would 'no be long before 1 "me and e lumbers in his stalemeall as that wunld make the rea w nu a lf they would be alee to reduce all the S end 4 per cents. i ""gi n g " r ' more explicit. On a future day be would move for the este 1 to 3 per tent stuck. If the' per cents. 155 million' could , iu which th mates, a bleb would (outrun his statement in every part. thy , be reduced to 4 per emit. stork, ii would produce a clear ! 1 .1w 0,41 a 13 the CORMe be inset to 13krt it would because a very simple , saving of 3,700,000/. Lei them, tan rise other baud, sauctiou I i d e a s 'l ithe II gumshoe. He would compere the estimate, of ibis year with 5 . the principle of the floe. and Li.arned Geutlentsu, of Wier. i of the 11U1111111 the hut. or • few 0f the former ream To beets with the army: , faring with the Sinkint Fetid, and no man could venture to , in a way " h The sepplies fur army aridisterin and extremediearies were say that at arty Ulm. any conaulesable reduction could take ; tiring inns" , a for this y05r„7,748,000/. (of Inet.year they were 6,730,900/.; place. 11,4 the benefit of Ibis measure was nu t cua li n pd io !of every par making • decrease of SAWN. The supplies kir the navy , the masied interests; it would spread over the whole tor- P..' how n 1" I laerahat Yearre. 3 ". oool . tor 'braille? "'ad be 505 Ke ttI gai face of the ceustry, as the evils of an opposite comae were I ° the d ' i a diminution of about 800,00 6 1. The unlusnee suppling ; would he no t oo estega i m L et t h e H owie reco ll ect Gentleman. eels her last year, Irfidardebi• they wuuld be for air, what would be the situation of all mortgages and debts douse their du • • - • - „,