The Sun. — London, England, 1833-08-03 00:00:00

to alter, but without perfect determination to do so —(Hear, hear)—thus affording a proof to Ministers that if they were only bold and determined, they might carry any other useful measures. Although he wool I not divide the House on the present occasion, he pro tested against this being considered a conclusive measure —it was a mere instalment of the real national debt of church reform, and he hoped next session a much more comprehensive measure would pass the House. Mr. HUME said, if the Hon. Gentleman considered that the people of Ireland would not be satisfied with this measure, he (Mr. Hume) would take on himself to say that the people of England would not be satisfied with it. He considered it a complete abortio❑ of church reform—a mere farce—a mockery—a plaything, got up between two parties, for the purpose of imposing on the people by making them believe they were doing something, while in reality they were doing nothing. He considered church property in Ireland as public property ; and although he would allow that the purposes of the church should first be served, yet every shilling which was not required in that way ought to he brought into the Exchequer, and applied as the public interests and wants required. He did not think this Bill would-give satisfaction any more than the Bill of last session for the commutation of tithes (lid. The Right Hon. Gentleman had lost the tithes of Ireland entirely by the course that had been adopted. He did not wonder that Ireland had refused to pay tithes, hut he dirt wonder that, seeing they had to advance 500,0001., on account of Irish tithes, they were so quiescent under the abuse. The Bill as it now stood would satisfy no party ; the Government bad diluted the draught until it was al most spoiled, and yet it was not sufficiently diluted to go down elsewhere. It would have been better that it bad been thrown out elsewhere, than thus diluted, for now the people of England cared little about it. Out of defe rence to the House of Lords, and to prevent collision, the Government proposed to adopt the Lords' amendments; but the Bill would be found to disappoint the hopes of the people of England. Lord EBRINGTON, although he had been prepared to go further with the measure, could not coincide with the Ron. Member for Middlesex. He did not, lie admitted, think that either the form or the substance of the amend ments which had been made could lead to a good opinion of the legislative wisdom of the producers; but the re duction of ten Bishops, the reform in the deaconries, and, Above all, the abolition of the cess, were certainly matters of no small moment in the way of reform.—(Hear, hear.) He did not think that any of the alterations the Bill had undergone either i❑ this House or in the other had affected those practical points which his Hon. Friend had, upon its introduction into that House, professed to support. The measure, in its present shape, went fully to carry into effect those practical points, and he consi dered that his Noble Friend had redeemed his pledge to the public and the House. Though he did not coosidrr the improvements amendments, yet he did not regard them as so destructive of any principle or practical point as that the House ought to think the Bill virtually lost. Mr. D. W. HARVEY said that if he were one of those who considered the revenues of the Church exclusively applicable to the Church, he would be one of the first to agree that the amendments were improvements, because t':ose amendments silenced an itnpression partially enter tained in that House, and strongly cherished out of it, that the surplus revenues of the Church not strict'y required for its support, were applicable to pur poses of general utility.—(Hear, hear.) That was the principle upon which his Majesty's Government had in the first instance brought the Bill in ; and though it was kept mere as a lurking principle, more than he considered consistent with legislative dealings, vet those who observed it felt comfort in it ; but when Government consented to throw out the 147th chose, then wh itever was regarded as really valuable in the Bill, was considered as destroyed.—(Hear.) So far as could he expressed as to the spirit and candour of those amendments, there was great honesty and integrity :n them, because they proceeded on the principle, in his opinion a fallacious one, that all the property of the church was applicable to the support of that church. If he could interpret the sentiments of a Noble Lord in the other ;louse, and of some of the Members of this House, they would contend for this doctrine, that in cases where there was only one church, one parson, and one clerk, and no Protestant parishioner, all the in come of the church belonged to the church. There were instances in the Court of Chancery in which large funds had accumulated, to the amount of hundreds of thousands, but those funds had been declared applicable solely to the original intention of the testators. He knew an instance of 100/. being left for the support of the clergyman at Morden College, Blackheath, five pounds having then been con sidered a sufficient income for the clergy. That five pounds a-year had now been swelled by the increased value of the land purchased with the lOW. to SOU a year, and it was contended that 5001. a year should go to the clergyman. So it was contended with regard to church property; but if the Bill was to be passed into a law, as at present, in what way were the people to look forward to the ecclesiastical law, because it was contended that the revenue of the Church in Ireland was to be applied to the support of the Protestant Church, although seven out of eight of the people were adverse to it ? What bad England to expect if this was to be the expense of the Irish Church ? He hoped, at any rate, it would form a precedent for Dissenters in England petitioning to be relieved from the payment of all cess fur the support of churches which trey did nut frequent. That, indeed, was the only comfort he saw in the Bill. Mr. FINN considered the Bill a complete abortion as a measure of refom. The amendments were then read a second time and geed to. [lt is expected the Bill will receive the Royal Assent on Monday.] ABOLITION OF SLAVERY BILL. On the motion of Mr. STANLEY, the further conside ration of the report on the Abolition of Slavery Bill was deferred until Monday next. On the motion of Mr. STANLEY, the Nouse then re solved itself into Committee, for the purpise of consider ing the money clauses of the Bill. After some observations perfectly inaudible in the gallery . Lord ALTHORP moved that the Lords of the Trea sury be empwered t raise the sum of 20,000,0001. on Long Annuities, the interest to be charged on the Conso lidated Fund. The CHAIRMAN then put the question. Mr. HERIUES proposed that the Noble Lord should be empowered to contract for the loan from time to time ac cording to circumstances. He thought it better that Mi nisters should take a vote of credit. He begged to remind the Noble Lord that he had lately presented to the House a statement of the Consolidated Fund, and he had stated that be had disposed of all the surplus. If this were cor rect, he did not see how the Consolidated Fund could bear the additional charge of one million, the interest upon the total sum to be raised. _ . . Mr. FINN thought the West Indians were justifil ble in demanding that the money should be raised at once, and that they should not be exposed to the mercy of the ca pricious votes of any future Parliament. Mr. H UME contended that the money had been granted by Parliament only on certain conditions, and it was time to raise the money when those conditions had been fulfilled. If the conditions should not be complied with by the Local Legislatures of the West India Islands, it would be worse than useless to raise the money. The Nob!e Lord's mo tion, in his opinion, ought to be postponed to the next session. Lord ALTHORP did not conceive that any future Parliament would violate an agreement made by a previous House of Commons; and yet to leave the point undecided would not be quite so good a secu rity as it the money were at once raised, and all qu stions about it were concluded. The surplus cf the Consolidated Fund was able to bear the pro posed charge upon it, though on a balance of the general receipts and expendOure of the country there was only a surplus of about 500,0001. Mr. HERRIES thought that the House in acceding to the motion would abrogate one of its most important functions. Mr. S. RICE supported the motion. Sir S. WHALLEY objected to the interest being charged on the Consoltda!ed Fund, and made a part of the permanent debt. - Mr. FRYER could not stomach the grant of twenty millions. If he wished to show what constituted a ca.e of triumph over the West India proprietors it was this Bill, for he was convinced that they would never get what they expected. Did they know any thing of the Deccan priz„. 'wiry ? Did the H ouse k now t h e d e l a y s which had taken place in the distribution of that money ? But the Parliament of to-morrow x% as not bound by the Parliament of today, and therefore the Deccan prize money hail not been paid. In conclusion he thought the Government here bound to state specifically how they intended to raise this money. Mr. HUME having protested against the grant, and the sense of the House being against biro, he should be sorry to see the House violate the pledge. The resolution was then carried, and ordered to be reported on Monday nest. BANK CHARTER BILL. Lord ALTHORP having moved the order of the day or the second reading of the Bank Charter Bill, Mr. P. SCROPE hoped the Noble Lord would not proceed in the Bill that night, as he believed it was un derstood that the matter would not come on till Monday. Lord ALTHORP, after a few introductory words, said tbat it was his wish to proceed that night, especially when he looked to the late period of the session. After a few words from Mr. Arrwooo and Mr. Gls- BoaNE, who hoped the Noble Lord would fix an early day in next week for the second reading, Mr. HUME said he had put the question to the Noble Lord, and he considered that the second reading of this Bill would not come on till Monday, and he bad informed one of the Members for the Tower Hamlets and the Mem ber for Ipswich that such would be the case. After a conversation between various Members, the ques tion that the Bill be read a second time was put and carried, when Mr. P. SCROPE would beg to ask Hon. Gentlemen whether they were so satisfied upon the details of this mea sure, or so willing to put themselves into the hands of the Noble Lord, as to follow him in a plan to tie down the mone tary system of this country fcr a period of 20 years, merely to encourage a monopoly. The Noble Lord might say that the monetary system would be thrown into confusion if the question then before the House were delayed ; but he (Mr. &rope) would beg to observe that the Charter renewed itself every year, and, no notice having been taken, the Charter must continue in operation till August, 1835. It was clear that the Charter must last one year alter a notice given; and the worst that could happen by postponing this measure till next session would be that they would be placed in the same position as that in which they were now placed. Had the delay of this measure caused any want of confidence ? He could not believe it had, and therefore he could not see any reason for hurrying this measure. By this Bill the monetary system was bound hand and foot, and it was placed in the hands of twenty-four men till 1846. He objected to the great power given by this measure. All the dreadful fluctuations of past years had been caused by the Bank of England, who had worked the currency to their own self interested purposes. He had quoted on a former occasion the opinions of Mr. Tierney, of Mr. Ricardo, and others, and he bad not yet heard how it happened that many Right Honourable Gentleman had now altered their opinions on this subject. He had yet to learn how it %vas that Sir J. Graham, who in 1828 called upon the Parliament to change the policy wi h reference to the Bank, and who had attributed to that fatal connection the first prodigality of the country, should now, when a Minister, have changed his mind. He had yet to learn bow it was that Mr, Ellice, now a Member of the Govern ment, and who on former occasions had expressed his hope that the renewal of this Charter would never again be granted, should, nevertheless, in 1833, call upon the House to grant such renewal of the Charter. He had yet to learn why Mr. Henry Brougham, who, in 1826, had declared his opinion that the fortunes of every family were placed within the control or caprice of twenty-four men, should now, when Lord Brougham, in 1833, insist upon it that the wealth and interests of the whole empire should be placed under the control of these four-and twenty men. For half a century the people had suffered severely from the effects of this monopoly. But he (Mr. Scrope) could scarcely believe that a reformed Parlia ment could renew this antiquated and barbarous Charter ; that they would, instead of removing, make fresh fetters for the people ; and that, instead of freeing the people of this country of the evil, they would proceed with haste, and in a manner which no unreformed Parliament would have done, to bind down the nation to that cruel task master whose stripes were not yet efface‘ , . The Bank of England might be considered as the architect of the public debt, and they, like an architect, bad an interest in en couraging the extravagance of the Government. He looked with apprehension to the increase of power which this measure would give to the Bank. They would have in consequence an overwhelming influence in the metro polis, and through their branch banks would, in a few years, obtain equal influence in the country. It would enable them to command the whole money transactions of the country, landed, commercial, trading, and funded. The Hon. Member concluded by moving that the second reading be postponed till next session. Sir H. WILLOUGHBY supported the amendment. His great cbjecton to the measure might he stated in very few words. It was this, that the private interests of the Bank might lead them to pursue a course inconsistent with the public interests, and that such a proceeding was not sufficiently guarded against in this Bill. Mr. Alderman THOMPSON said, the Hon. Gentle man (Mr. Scrope) said the power conferred on the Bank might endanger the liberties of the country. No such danger could be apprehended, for let it be recollected that no Minister of this country could borrow even a single 1001. from the Bank without the authority of Parliament. It was said the Bank Directors were a monopolising and greedy body of men, while, in point of fact, the Directors seldom held more Bank stock tha❑ was sufficient to qualify them for the situation. The Hon. Member referred to the authority of some able and intelligent men, but he could quote authority on the other side of equal weight and respectability, that of Lord Liverpool and Mr. Robinson, now Earl of Ripon. They both, in a letter to the Bank, admitted that much of the prosperity of the country during the list century teas to be ascribed to the justice and fairness with which the Bank managed its affairs. He opposed the amendment on the ground that the present prosperity would soon vanish, and a general feeling of dismay and disappointment arise, it the question should be postponed. - Mr. P. HOWARD was opposed to that part of the measure which made Bank notes a legal tender. It was a proposition of doubtful if not of dangerous tendency, and might have the effect of bringing Bank paper into disre pute. In case of a real panic the only true security was convertibility of papr into specie. Upon this subject he would beg leave to call the attention of the Noble Lord (Althorp) to a very popular and well written journal, called the Spectator.—(Great ltughter.) Mr. M. A TTWOOLi said that his great subject of complaint was, that after a condemnation of all monopolies by the present Ministers, they now proposed to extend the monopoly of the Bank of England. He regretted much that the Bank was not confined to the same terms on which they held the present Charter, in place of enlarging their monopoly so far as to make their notes a legal tender. He (Mr. Attwood) looked upon the conduct of the present Ministers as regarded the Bank, to be a complete abandonment of all those commercial principles which bad been held by them the last fifteen years ; and he concluded, that in maintaining such principles, they had at last seen they were in error. He trusted, therefore, the trade and commerce of the country would again be placed upon the same foundation, and regul ited by the same principles, under which it had flourished for so long a period. It was now proposed to give a compulsory value to Baok paper. Such a course was directly opposed to all the received doctrines of a paper currency. The fact was, that Bank paper was already, by the tacit consent of the people, a legal tender for all useful purposes. There was no excuse for proceeding with the present measure. Could it be said that it was prudent to trust entirely the currency of this conntry, with the power of depreciating it, to the Bank ? Supposing the Bank under ordinary circumstances acted with the greatest prudence, what security was there for such a course befog pursued by the Bank under pressure in times of war. He admitted that this measure did not at once depreciate the currency, hut it laid a sure foundation for future depreciation. The Hon. Member argued at considerable length against making paper a legal tender by all parties but the Bank of England. He asserted that those panics had nothing of danger in them compared with what would be inherent in the new system. What provision was made to pay in gold the 13,000,0001. which might at once be demanded ? Let the House look back to those panics. He would no tice the most prominent two which had occurred, that of 1832 and that of 1825. In the political panic of 1832, the gold drawn from the Bank amounted only to about 1,400,0001. To talk of such a sum endangering the Bank was ridiculous. Then what was the case in 1625 ? There was to more gold required from the Bank of England than about 1,300,000/. That was proved by the evidence of Mr. Heiman, for that gentleman stated that shortly prerioue to the panic there were but 1,300,000/. in gold in the Bank. Surely, then, care would be taken to guard the public from being compelled to take notes to any amount, unless some better security for their realization in specie should be provided. It was not the internal panics that under the present system were to be feared, or that bad ever endangered the Bank of England, but it was the drain, in con sequence of the foreign exchanges.—(Hear.) Shortly before, in 1825, no less than 9,000,000/. was drawn out of the Bank ; and previous to the panic in 1832 (3,000,000/. in gold were dratv,o out of the coffers of the Bank. The Bill, therefore, as it s!bod would guard against the lesser evil, which was insignificant, and leave the greater evil, which was immense, untouched. The most wise and easy wty to pievent danger would be to compel the Bank to increase its store by some 2,000,000/. or 3,000,0001. He felt a strong repugnance to much of the detail of the measure, but at the game time he was ' bound by sound policy to support the maintenance of the Bank of England. That corporation, however, ought ,to be "'A/lied to its proper field; it ought to be a bank of issue for the metropolis, and the only one. Anxious as he was to see the Bank of England supported in its just and useful privileges, he should vote for the second reading of the Bill, although he should do so with reluctance, for he felt that many of the provisions of the Bill could pro- duce only the most disastrous results. An HON. AIEMBEA (it was said Captain Bouverie) quoted the reply of the Noble Lord (Alrhorp) to the country bankers, and the speeches of the Noble Lord, to show that he had declared the conduct of the country bankers to be unimpeachable, and equal to the wants of the community. He said, then, leave well alone. But that, it appeared, would not satisfy the Noble Lord ; no, he must have a new scheme. Then the Noble Lerd talked of fluctuations, and to prevent fluctuations wished to have a single bank of issue for the whole country. II the Noble Lord had had the experience he had he would have known that it was impossible for the country bankers to produce any material fluctuation. For instance, he had a bank, and it was situated in an agricultural district. Well, last year there was a plentiful harvest ; the conse quence was that his circulation was increased, not because he forced it, but because there was a greater plenty in ar ticles for change, and a greater demand for the medium of change. But his circulation increased only one-twelfth, and it was ridiculous to suppose that any country banker could extend his circulation just as he pleased. It was the foreign excha nges t h a t cause d th e fluctuation, and not the country banks. He hoped most sincerely that the Noble Lord would abandon his plan. Mr. P. THOMSON would turn to the speech of the Hon. Member for Whitehaven. The objections of the Hon. Member appeared to be taken, not against the prin ciple of the Bill—the matter then to be discussed—hut against the arguments by which the Bill was supported for the Hon. Member said he would vote for the second reading. Some of the arguments of the Hon. Member were of a personal nature. How, asked the Hon. Mem ber, could the advocates of free trade support the Bank of England monopoly ? He replied, very easily, and upon the ground that both the one and the other were for the public good. For the interests of commerce, commerce ought to be free ; but for the safety of the monetary sys tem, the issues of paper ought to Ise restricted. With a single exception he knew of no new privilege given to the Bank. It was said that it got a great increase of power, but he could not see how that was to be proved. Was it no di minution of the power of the Bank to have publicity given to their accounts, and to he exposed to every observation that any one might be disposed to mike upon their pro ceedings? Undoubtedly that was such a check upon the Bank of England as never had existed before. He could not consider the making Bank of England notes a legal tender was any benefit to the Bank. It was never under stood to be so intended. It was intended for the conve nience of the public, and he believed it would add very litt'e, if any thing, to the circulation of the Bank. He did not think it of so much importance that the external drain should be guarded against as the internal one. It wood be found, on looking at the Bill, that the moment the Bank ceased to pay in gold, its notes would cease to be a legal tender. He differed widely from the views of his Hon. Relative upon this question, and was of opinion that the powers given by the Bill could not be intrusted into better hands than those of the Bank o!' England. Sir R. PEEL said, that as regarded those parts of the Bill which related to the extending of certain privileges to the Bank of England, it had his assent; and he should, therefore, vote for the second reading. He thought, upon the whole, that the contract made was a very improvident one for the public, but that contract having been entered into by the authorized officers of the Government, he could not, without stronger grounds than any which lie saw, be a party to its violation. The nature of the bargain as between the Bank and the public was clearly indicated by the fact that Bank Stock, since it became known, had risen from 193 to 208. Assenting, however, as he did, to the Bill generally, there was one clause to which lie very strongly objected, and that was the one which made the Bank of England notes a legal tender. And if anything could increase his objection to the principle of that clause, it was done by the mode and time and place in which such a principle was proposed for the adoption of that House. As to tithe time, he objeeted that a principle entirely changing the monetary system of the country should be proposed to the House at midnight on the 2d of August. —(Hear.) Toe Right Hon. Gentleman had said that the change would not materially increase the paper issues of the Bank. That word " materially" admitted the whole question. It was enough to show that the measure would in effect destroy the convertibility of paper. Then as to the mode. The clause was introduced in the middle of this Bill without a woad to explain for what reason it had been adopted. He could not help admiring the mo desty of the framers of the clause. They could not even condescend to say that " whereas it was expedient" to make the provisions it contained. There would be nothing whatever upon the face of the Act, if it should be so passed, by which yosterity would be enabled to know why they had made this departure from the principle of their monetary system. Besides this, he objected to it particu larly as affording a precedent which might afterwards be used for the most dangerous purposes; when they hail once entered upon this slippery path, it was impossible to kno.v where they were to atop. Ile begged to ask the Noble Lord a question. If a demand were made upon a man for 3/. 25., was it intended that a 5/. note and 2e. should be a legal tender ? Lord ALTHORP replied in the affirmative. Sir 11. PEEL—Then it was quite apparent that the standard of value as hitherto established by law was at an end, because part of the amount being paid by a note not payable in gold anywhere but in London, and the other part, the two shillings, clearly not being of the standard, there was no standard at all in the payment. Why, then, if this could he done, it would be met by the issue of five-guinea notes on the part of the country banker. And why should it not be done, since that would be a perfectly legal issue, and there was nothing whatever to prevent it'? He had the strongest apprehension that the consequence of the measure would be to cause the gold circulation to be displaced by paper. Lord ALTHORP denied that there was anything in this measure chargeable as a departure from the principles which hail always been professed by the Government. He denied also that the Bank of England was liable to the charge of jobbing in public securities. The Right Hon. Baronet who preceded him had objected that no reasons were given for the introduction of the clause relating to the legal tender. It might be an error that such a decla ration had been omitted, but he did not see that this was a sufficient ground of objection to the Bill or to the prin ciple of the clause. He certainly thought that in bringing in the measure all matters directly affecting the B ink of England might properly be introduced in a Bill fur re. newing its charter. He had also introduced other matters indirectly affecting the Bank, but these he had withdrawn in deference to the feeling of the House. The Hight Hon. Baronet had asked if the legal tender was considered part of the bargain with the Bank of England. Undoubtedly he communicated the proposal in the first letter he wrote to the Bank Directors, and they said in reply that it was a matter more belonging to the Government than to them. It appeared, therefore, that they did nut attach much value to the arrangement, though unquestionably it must be an advantage to the Bank in a time of run or panic, by increasing their means of meeting the demand upon them, He did not believe, however, that while the Bank of England was conducted upon sound principles there could ever be such a demand as they would not be pre pared to meet without assistance. But the Right Hon. Baronet had said that there was a danger that the Bank of England might become the only place where gold might be bad for the whole country. With the permission of the House it was his intention to add a clause which would obviate ti is. Ile bad applied to the Bank Direc tors, a h ny they yt mustt e i their ( I . , r , o v issuing vaet notes,tlt ei r fur t li ff e t r h e e n p t b y r , a n n e ? ,, Qbanks tors, and found that they kind no obj••ctio n to 14 restricted have a reserve of gold. Sir R. PEEL inquired (as we understood) how they were to be compered to continue the branch banks at all ? Lord ALTHORP certainly did not see how they could be compelled by Act of Parliament to have branch banks, and to maintain them at particular places. He did not see how it could be more for the interest of the country bankers to pay in notes than in gold, inasmuch as t h ey would Dave astof g eF i v e t h t e h e e t e h a e n r i . e value H e t o couldtb not concur with e Bank of E ng l an d for the d the Right Hon. Baronzt (Sir R. P ee l) i n thinking the e ff e cts of the legal tender clause would be to m a k e t h e table wl of the Bank of England the only place where gold would be procurable. At the present moment, in times of panic, when there was any great demand for bullion, it could only be had in l ar ge quantities at the Bank of Engl an d ; but beyond that, the necessity of consulting the convenience of their customers would be quite sufficient inducement to the country bankers to keep their coffers supplied. It had been likewise observed by the Right Hon. Baronet that the effect of altering the yalue of the currency would be to oblige f,reigners at the outports to taw.e notes instead of bullion i - , for their goods. But if he in exeda,..i,e wee not much mistaken a foreign machant seldom if ever sou ght to take bullion for hi s goods. Irl, e eithex took in return the goods of the British market, or bills of e;chan. e ,_ 6 (ljear, hear.) But even putting aside that consideration, he did got think there was any weight in the observation. Mr. BERRIES said that, being entirely favourable to the .princiPle o f the renewal of the Bank Charter, he would give his vote for the second reading of t h e B ill. I t contained, however , several clauses to which he bad strong objection?, and which, when in Committee, he would en deavour either to have omitted altogethtr, or so modified as to divest them of their most obnoxious points. In the first place he would altogether object to the clause making Bank of England notes a legal tender.—(Hear.) That was a subject which he fully agreed with his Right Hon. Friend ought not to have been touched upon in the present Bill. He by no means objected to the principle of a legal tender, but he objected to constituting that legal tender of an intrinsically valueless medium. If the law compelled a man to accept anything in the shape of a legal tender, it was bound to guarantee its subsequent exchange with out any diminution in value. He (Mr. Herries) altogether differed from the Noble Lord in thinking that the Bank of England would advance its paper at the same ratio as it would gold. The great object of the Bank of England under the new system would be to increase its circulation ; and to effect that object, if it did put forward its paper at a lower rate of charge than it would put forward gold, it would be content with much more doubtful securities than it was under the present system. There was no ques tion, if the Bank managed properly, they would in short time be able to confine almost all the bullion of the kingdom in their coffers, and maintain an exclusive circu lation of their own notes. The next point connected with the Bill to which he objected related to the distance round the metropolis to which the monopoly of the Bank would extend. He thought a radius of 65 miles much more extensive than was expedient, or than the Bank, he was sure, would desire; and for that reason, when the clause came under discussion, he would move its diminu tion. He also objected to the clause relating to the bank ing companies of six persons. He thought that clause was, in the first place, not sufficiently clear; and in the second place, that it imposed too many restrictions on the class of banking companies to which it related. He should therefore in C mmittee be prepared to propose modifications in its wording, with a view of meeting both his objections, and he hoped that in the consideration both of that particular clause, and in all others which like it pressed too heavily on the country bankers,the House would unite with him in calling for some relaxation.—(Hear.) Mr. P. SCROPE having consented to withdraw his amendment, the Bill was read a second time, and ordered to be committed on Tuesday next (morning sitting). COMMITTEE OF SUPPLY. On the motion of Mr. E. ELLICE, the House resolved itself into a Committee of Supply for the consideration of the Military Estimates. Mr. E. ELLICE, in moving that a vote of 243,550/. be granted for defraying the estimates of the disembodied militia of Great Britain, observed, that the estimate bad undergone an investigatio❑ before a Select Committee, of which the Hon. Member for Middlesex (Mr. Hume), Dundee (Sir H. Parnell), and Worcester (Mr. Robinson), formed part, each of whom had concurred in a report, de claring that for the present the vote could not be dispensed with, Vote agreed to. The House then resumed. ASSESSED TAXES BILL. The House then went into Committee on the Assessed Taxes Bill. Mr. RICE proposed a clause placing licensed victuallers on a footing with other shopkeepers. . . _ Mr. EWART wished to know if it was intended to re lieve schoolmasters in the same way as shopkeepers. Mr. RICE replied in the negative. The matter had been considered ; but it was found that making any such exemption would only open the door to fraud. Af er a few words from Colonel EVANS, the clause was agreed to. Mr. RICE proposed another clause, placing the horses employed by market gardeners on the same footing as horses employed in husbandry. Mr. HERRIES hoped that some relief would be af forded to stablekeepers' labourers. The SOLICITOR-GENERAL pointed out a hardship that existed i❑ Scotland, where the proprietors of small glebes were obliged to pay domestic servants' duty, while the owners of large glebes paid only agricultural labourers' duty. This required alteration. Lord ALTHORP said that an application to the Com missioners would be quite sufficient to set the matter right. The clause was agreed to, as were also the other clauses of the Bill. The House having resumed, the CHAIRMAN reported progress. Report to be received on Tuesday morning. The Sugar Refinery Bill passed through a Committee.— Ordered to be reported on Monday. The Public Notaries Bill went through a Committee.— Ordered to be reported on Monday. The Vestries Amendment Act Bill went through a Corn - mittee.—Report on Tuesday. THE WARWICK ELECTION. Sir R. FERGUSON moved for leave to bring in a Bill for the prevention of bribery and corruption in all future elections for the borough of 'Warwick. The Bill was brought in, and read a first time. HERTFORD ELECTION. Mr. BERNAL moved that the Bill for preventing bribery and corruption in the borough of Hertford be printed, and that notice of the second leading be given to the Town Clerk. The other orders of the day being then disposed of, the House adjourned at a quarter past two o'clock. JEWS' DISABILITIES BILL. MAJORITY Against the Second Reading of the Jews' Disabilities Bill. PRESENT-44. DUKES. Wicklow Forrester Beaufort Caledon Melross (Earlof Had- Cumlaerland Rosslyn dington) Gloucester Limerick Wyn ford Wellington Beauchamp Howden Orford Segrave MARQUISES. Rosse Tenterden Abercorn Godohpin Bute VISCOUNT. Cholmondeley Combermere ARCHBISHOP. Canterbury EARLS. BARONS. Denbigh Colville BI9IIOPI. Winchilsea Montagu London Sandwich Kenyon Lincoln Doncaster (Duke of Gage Oxford Buccleuch) Iledesdale Rochester Shaftesbury Ellenborough Gloucester Dartmouth Colchester Hereford Aylesford Ravensworth PROXIES - G 2. DUKES. Lucan Loftus (Marques of Richmond O'Niel Ely) Manchester Onslow Sheffield (Earl of) Newcastle Clancarty Kerr (Marg. Lothian) Northumberland Lonsdale Maryborough Buckingham Harrowby Churchill Brownlow Lyndhurst MARQUISES. St. Germain's Cowley Salisbury Bradford Camden Eldon ARCHBISHOP. Thornond Falmouth York Howe EARLS. Somers BISHOPS. Abingdon Durham Home B i BONS. Winchester Macclesfield De Roos Exeter traham (Duke of Walsingham Bangor Montrose) Southampton Carlisle Hardwicke Grantley Bristol Delawarr Douglas of Douglas St. David Spencer Bayning Llandaff' Bathurst Carbery Ossory Norwich (Duke of Delamere Lichfield Gordon) Hevtesbury Chester Mansfield Arden Worcester Mayo TO THE EDITOR OF THE SUY. SIR,—My n ime being omitted in the list published in your paper of the Minority of 94 on Mr. Buxton's motion " for reserving half the sum of 20 millions until the ter mination of the apprenticeship," I beg to acquaint you that I voted in the Minority on that occasion, and am, Sir, your obedient servant, WAD. LOCKE. Brooks's, Aug. 2. Mr. W. S. BLACKSTONE'S name was omitted in the minority on the grant of 20,000,0001. to the West India Proprietors ; Mr. J. COLLYER'B name was also omitted in the minority on Mr. By:Totes motion, 31st July, " that one half of the 20,000,000/. should be reserved till the appr e nti ces hip of the negroes shall have expired. We hear that the 64th, from the Irish esta blishment, is the next regiment intended for foreign service. THE REPEALERS, BY THE COUNTESS OF BLESSINOTON.—" The object of the authoress of this story is eviofently to set forth the dangers to which young married females are too frequently exposed in the higher walks of life, on account of the neglect of fashionable husbands, and the attentions of fashionable admirers. We are quite aware that it has long been ' the m')de' to e them pardoned keepfor setting them apart forth that t the peril ilho best i r s cry up the uneq ualled libert y of En g lish societ y , a n d the freedom of English women as matters at w hi c h to rejoice ; but , while W. 2 glory in our liberti es , we wayhopeto pr we se shall ry be is to pollution. Thong h p olitics are sli g ht ly introduced, p th is is amply compensa ted for the interest Lady BLESSI N G. e TON h a s given to the adtnirahleshriehe s with work 4b0401', and the • strength and which her acutenessof her perceptions, --so well net forth in herpiquant of Irish wit a nd Irish manoeuvring. h _ LESSINGTON'S have said Irish w it and Irish manoeuvring ; but Lady B graphic p owers are unlimited. The character of ' Grace a C ass idy' is as beautifully developed specimen of the pathetic and gentle Irishwoman, as we remember to have met with in any work of modern ficti not excepting even Miss Ena WORT H."... Town Journ al . SURRENDER OF LISBON. " AUGUST 2. " Despatches have been received from Lisbon, dated the 25th ult., containing the important intel ligence of the establishment of the authority of the Queen Donna Maria If. in that capital, where she was proclaimed on the morning of the 24th ult., r Portugueseeceof a single foreign regn soldier. themselves, i the aid or interference the tr,rfon the 23d the Duke of Terceira, advancing e n from St. Übes, had met and totally routed the force sent from Lisbon against him, under the command of the too notorious Telles Jordao, who is said to have been killed in the action. Upon the receipt of this intelligence in Lisbon, the Duke of Cadaval, and the rest of Don Aliguel's Ministers, decided on withdrawing from the capital, which they did in the course of the same night, taking with them about four thousand troops, and retreating to the north. The townspeople on the following morning (the 24th), finding their oppressors gone, with one con sent hoisted the standard of Donna Maria, and pro claimed her Majesty in due form, with every ap. pearance of enthusiasm. Their first step was to open the prisons and liberate the numerous victims of Miguel's tyranny. About the same time the co lours of Villa Flor's army appeared on the opposite heights, and in the afternoon he himself crossed the Tagus, in the midst of salutes and rejoicings, and issued a proclamation in the name of the Queen. " On the 25th, when the letters were despatched, Lisbon was perfectly tranquil again, and but few ex cesses had been committed, considering the excite ment which must naturally have attended such a crisis, and the wrongs to which so many of the in habitants had been so long subjected. Napier's fleet, with the Duke of Palmetto on board, was then enter ing the Tagus. " The news of these events having reached Oporto on the 26th, Don Pedro embarked that night from the Foz on board a steamer for Lisbon, leaving to Saldanha the supreme command, both civil and military. Up to the 27th Marshal Bout-- mont had not renewed his attack on the town, and, as troops were observed to be passing over to the south bank of the Douro, it was supposed that he was about to raise the siege. " SUPPLEMENT TO THE CHRONICA CONSTI TUCIONAL OF OPORTO. " OFFICIAL PART. FRIDAY, JULY 26. " Most Illustrious and Excellent Senhor, " It has fallen to my good fortune to have to an nounce to your Excellency the glorious news of the entrance of the Queen's troops into Lisbon, which took place this morning, after an action, in which the Duke of Terceira completely defeated the enemy's troops, commanded by Telles Jordao, on the left bank of the Tagus. "Not to withhold for an instant intelligence of so much importance, the Admiral is now despatch ing a steam-boat, and I have only time to write these few lines, adding, that the squadron is at this very moment passing the bar, under the salutes of Fort St. Julian, and that the glorious standard of the Queen now waves on the castle of St. George. " The remains of the rebel troops that have been able to form a junction have marched by the Campo Grande, directing their route, I suppose on Cabeca. " I beg to assure your Excellency that I am de voting all my faculties to endeavour to justify the high confidence which his Majesty has placed in me, reserving to myself merely to pray for the speedy arrival of that august Senhor to relieve me from the burden of a charge which so much sur passes my strength. " The Duke of PALMELL A. " On board the Admiral's ship, in the mouth of the Tagus, July 24. " To Senhor Candido Jose Xavier." " SUBSTANCE OF A LETTER FROM AN EMI NENT PERSON. " The Duke of Terceira marched from St. Übes on the 22d, and on the 23d approached the southern bank of the Tap!. General Jordao (the hero of St. Julian's) was sent with all the disposable force from Lisbon to the southern bank to oppose his progress, having under his command near 6,000 men; the Duke of Terceira only 1,500. The Duke instantly attacked him, routed him at every point, drove his forces into the river, and Jordao was killed on the quay at the batik. On the night of the 23d the Duke of Cadaval, with Don Mi guel's garrison, evacuated Lisbon. In the morning the town was without any garrison; the populace opened the prisons, liberated 5,000 prisoners, mostly for political offences, committed some few excesses, and a few lives were lost. They proceeded to pro claim Donna Maria, and armed themselves as a na tional guard, communicated with the Duke of Ter ceira on the southern bank, hoisted Donna Maria's standard on the citadel of Lisbon, and afterwards the flag of England, which they saluted with 21 guns. Admiral Parker and the British squadron saluted the flag of Donna Maria. On the 25th, the town was perfectly tranquil, and on the afternoon of that day, Admiral Napier's squadron, with Palmella oa board, entered the Tagus. The Duke of Terceira was left in command of Lisbon, and in possession of all the forts. Deserters were coming in rapidly from Miguel's forces, which were in retreat on the Douro. " The accounts from Oporto on the evening of the 27th, state, that no fresh attack had been made since the 25th. Don Pedro embarked in a steamer with fifty attendants, on the evening of the 27th, and sailed direct for Lisbon." EXTRACT FROM ANOTHER LETTER. " On the 23d the Duke of Terceira had an engage ment on the left bank of the Tagus with Telles Jurdao, who was defeated, and is since dead. _ " On the 24th the Duke of Terceira crossed the Tagus, with 1,500 troops of the line, and entered Lisbon, where the people, rendered furious by long imposed tyranny, had spontaneously proclaimed the Queen. " On the 25th Admiral Napier and the Duke of Palmella entered the Tagus with the fleet. " Soon after receiving the news at Oporto, the Regent and his Ministers embarked for Lisbon. Don Miguel's troops were withdrawing from Oporto on the 27th. The Duke de Cadaval and other supporters of Miguel, among the higher orders, have made their escape from Lisbon." (From the Times Correspondent.) " PLYNIOUTII, AUGUST 1. " The C9nfiance, Government steamer, has just arrived at this port, with the following important intelligence from Portugal :—She left Lisbon on the 25th July, and Oporto on the 27th. Villa Flor entered and took possession of Lisbon on the 24th, with scarcely any lose. The English prisoners con fined in the city having burst ther bonds and pro cured arms, speedily liberated all the persons con fined, and afforded the Pedroites great assistance. The police, 5,000, retreated outside the wall, without firing a shot, and nearly all th e i n h a bi tants immediately'derlared in favour Of the young Queen. Admiral Napier ent ere d w i t h the fleet on the 25th, and thus compl e t e d t h e capture of the place. " Oporto w as attac k e d on the 28th, as reported by the Af r i can steamer, and although not imme diately und er the command of Marshal Bourmont, still with hi s a d v i ce an d i nst r uct i on; i n d ee d, h e stated his int en ti on ' o f di n i ng i n O por t o ' on t h a t d a y. They ent ere d t h e pl ace , b ut w ere re pul s ed w ith tremendous slaughter, baying lost 1,40 0 men. The Pedroit e l oss was 700, among whom was the brave Colonel Cotter, who fell by - a random shot after the heat of the action. One regiment of Miguel's cavalry was nearly all cut off. Don Pedro left Oporto for Lisbon on the night of the 27tH in the steamer Britannia and was saluted by the English men-of-war outside ! One of the officers of the Confiance heard the proclaiming of the y oung Q ueen in Black Horse-square, and has brought a copy of the proclamation iyith him, " I must not omit to mention that the officer of this ship offers me every information." The following additional documents complete the picture of this gratifying triumph o f j us ti ce over wrong—of lawful authority over a despotic owl' ion : SS VC 4 TRANSLATION OF THE PROCLAINIATIOS 0•„ BY THE DUKE DE CADAVAL AT LISBviiOIP THE 22d OF JULY. ON THE 23d AT Nl°- FLED NORTHWARD. PROCLAMATION. ft' " Loyal Portuguese, Inhabitants of Lisbog' tr . lorous Soldiers, whom I have honour o t o eo mand--Despair induced the re b e l s t o 10 4 ° se t. coast of Algarve, a party of adventurers, vrt o iri ing in rapine the support which their count/ J o them, and avoiding the sth division, direcre t h e it steps to Setubal, relyi ng on t h e asy l um which ga ships offered them. General the Viscount a e , lellos, with double forces, pursues their tea t ' dispositions have bee n ma d e t h at t h ey shoal' to, with a valiant resistance in front. The towns 0 which they came to oppress w i th their 11.":ee.0r,? presence, again with the great k • sti tt tt claim the King my 1,0-.) • There is not u i t i l l fear'—',,ve have , 0111.. • ' st t 1 111 j to take measures again 4 intenticni•-' and against the perverse abettors " , nemies of the altar and the throne. , a ot " Honourable inhabitants of Lishon,-- -) y arms in defence of the holy religion which v ; fess, and the legitimate King we have sw °r d Let cowards disappear, and traitors fIY; sn e t honourable men alone present themselves to their services to the justest of causes. Te e " Soldiers ! what have I to say to you ? " entousta commend valour ? Y ou h ave va l our su p e rior t " tot t of all the soldiers in the world. To recoatell love and loyalty t o th e roya l person o f Don Miguoht Who is there amongst you who is not ready I° ,l, his blood for hi m ? Th e most per f ect disl o ; and subordinati on ? Y ou we ll k now how neee. it is. With it small forces overcome great 801, without it great armies are destroyed by few ene " Soldiers 1 I am at your front, and rely Divine mercy that I shall not prove unworthy ° . name I have inherited with my blood. " To obtain, therefore, the ends which we au dl pose to ourselv e s, an d f or t h e goo d of his gal service, I determin e th e f o ll ow i ng : A tO 1. The City of Li s b on i s henceforwar considered in a state of siege by land and etl Y therefore the military aut h or i ty i s super i or toe I other. " ' 2. All those inhabitants of Lisbon who: tarily wish to concu r t owar d s t h e defence a nd rity of the capital are to present themselves at the quarters of the corps of Royalist Volon or at those of the Urbanos, in order there chosen for the service that may be most conY er according to circumstances. " 3. Ally perso n w h o , b y any act or se as words, promotes dismay or revolt, will be i‘ diatly seized, judged, and executed, if condem n death, within 24 hours. the" ; a t. s F a o n r d e g t n r e e a r s ti s e i s m l e l n e f n e j r oy o n t h e t h p e r m o t , e c a t n i o ci n icd • shall be most scrupulously observed, provide f l they interf ere not w i t h t h e political concerns °ee nation ; for i n t h at case t h ey shall be Prc)c-0 against, accor di ng to t h e law of nations an d tre and with equal scruple. r 5. No person will be allowed the use °f :0 1 without authority from the respective m ilitary it riors, ex ce p t t h e mag i strates and of of i ll ", " 6. To those who employ tbemsel ve d military service and in patroles, I recommen only the greatest care, in order that the ill-inteoti I should not be able to attain their ends, b at ( n tranquillity sh ou ld b e preserved, since one - objects of the n i c k e d i s to promote aaarelll;,ll one of the first d ut i es o f a G overnment i s t° tain order. " " Portuguese Soldiers and Civilians !"" ( 1, dence in God, whose cause we defend, c ", loyalty, constancy, and no fear, and the victori be ours, because justice is on our side. Duke de CADAVAL, Marshal of the " Head-quarters, Rocio, July 22.' " PROCLAMATION OF THE DUKE OF TERCSeII - x - ‘4 lasuoN,Ll( f I " Inhabitants of Lisbon,—Th e division °, liberatin 4 army, with the command of which 1111 . 6 1 perial Majesty the Duke of Braganza, Regent name of the Queen, was pleased to intrust al e the sole view of liberating you, has crossed th e ,ii vinces south of th e T agus and come to the 'Ali of this river, to cause the standard of the "'l and of liberty t o wave b e f ore you. But thiso dard, under th e s h a d ow o f w hi c h the loYfiblelr' porters of the th rone an d t h e c h arter too k amidst the persecutions of exile and in e°"; I never was the emblem of war and vengean c il that of the pea ce , concor d, an d reconc ili at ion c ' d whole Portuguese family, and of clemency a n a fo don for the d e l u d e d an d un f ortunate. The. 41 inhabita nts o f Li s b on , or d er, respect for the.,rbl of each, the tr anqu ill ity an d peace of the cariso what I hope and exact from you. I have . , to and shall conti nue t o ta k e, measures for Y o u c ol regularly armed by re-establishin g t h e salv e d t that were once the support of the Queen iN charter : in them, and in others which I sha ll itf diately organiz e , y ou w ill h ave an opportuTo sharing the g l ory o f restor i ng the nation, arid ° p taining order and the tranquillity of our hea rt " Duke de TErt' g " Head-quarters, Lisbon, July 24." " ACT OF ACCLAMATION. y gs A ' f , " LISBON, J" - Dr' "On the 24th of J u ly t h e peop l e in a larg e . t V free from all infl uence , i nterna l or external, vitlicto compulsion, the c ity b e i ng f orsa k en b y t he being assembled i n th e h a ll o f t h e cou ncil ° 0 very noble and loyal c ity o f Li s b on , w i t h a f re e r t j spontaneous will, an d w i t h a unanimity neLfirA now seen, acclaimed an d d ec l are d the Te , ,, Donna Maria 11., daughter of the immortal e lf, IV., for whom the people are ready to sp ill IP ef: drop of their blood, as all loyal Po r t uguese or e 6 known, the do for pre s t e h n e t i raleatwf waal Sovereign, draw n up as t vv h b e ic ' i l " MANOEL IGligNßaAodiCe timate Queen, and in order that this should h e h signed by all siNo p A r u e , s N e ßE n r t. A 10 "JOSE P 111 V ri.° l A N D N E A. " MAXIMILIAN° JOSE DA LEONE, B°B if' " LUIZ TEXEIRA HORNE DE BRED : " ANTONIO JOAQUIAI FIRMIN D " CASTRO." (Thousands of signaturos follow.) " PROCLAMATION. t , ee‹. Loyal Inhabita n t s o f th e Ki ngdom of Algtlr., tyrannic yoke w hi c h oppressed you is now " o° o o pieces. You are now free to show bpw roue Viti , animated by sentiments of fidelity to our l eg itiot ge, of love for th e lib ert i es of our native land and tut-091 tutional chart er , an d o f grat i tude to the our* el who has s en t to your shores the liberating diviej°ll under th e comman d of the Duke of Terceira, br (1 0 ..1 1 days of vlctoriouiope'rations and rapid marellelli F beyond the con fi nes o f Al garve t h e l ast Brined Bs 0 1 the Usurper. " Let us retu rn th an k s t o th e Al m i g hty, - b cee j oe 1 l has granted so glorious a triumph to the c ause ft° i f/' and let us add ress t o hi m o ur fe rvent pra yei ° o 00 4 1, be pleased to - cositinue to protect that cause 10 _ 4 00rd uroph be compl e ted, by th e res t ora ti on o f the ;1 1 0V and the rescu e f rom ca p t i v it y o f a ll t h e v ictint o tile r during s o many years groane d i n c h a i ns , b e catwe e e# faithf u l t o th e i r S overe i gn an d t h e i r oat h s . w ite, " People of this beautiful Province! You a re a a v ie of the rigid di sc i p li ne w hi c h t h e troops of Y° tY Donna Maria Segundo observe, of the sp i rit and clemency which aniniates Imperial 1 " 0 " t hof Duke of Braganza, and which influences all the fi o ffle o 4ol, civil, and military, aeting . in his name. 1 . 1 4 3 ,, 0 0 1 compare the difference which exists between • a tio ol ,o , y of ou the fin d d ef p en ro d o e f rs of of au le y gi a t e im t a o c f y v a e n u d gea o n f ee th o e r u b s: r r h P ear : e l L 4 , witted by us, denounce it You reuaember it?" . horror and desolation which the city . Of 41: 1 - SO' o °l' when the rebels 'obtained jilosseseioia of it 1 p the arrests, arrests, the eXterminations which' colloweur e of,d, tinned vexations whi c h s i nce then you bay , :hat 1 / 744 1 , to endure ! Do you not w e ll remm eher i i s A' 11 1 ' I do not tell you tci choose, for your c hoice, „ o at 4 tt_ made—but to keep in mind the recollection or l o t! gil l feting., and to adopt the unalterable resolut.il o etl e ' sacrifice your lives than again to place yourse l v es eked disgraceful dominion of the usurpation. t° " Your fat e i s i n your own hand.). I‘ el.°Veroment ASS (Prom a 414 h c o a'e j u wi th rreepon( e great( Th. ~(Pao , , "terni, 6 1, 18 : 4 1 tiri ng N a ha N IC Ju l Wan th e as pro Itt `!" of Tea aclt foir,Zl 0% 7 IN Gol a n t4 Lodt °fle IYerAp hu r hi t po iy a ) of t de 14:41 100 ate se"itt de, ad , p t i7 loioi n l tl o 14 g t o Q g . „fi e lgh ` it