The Sun. — London, England, 1845-04-26 00:00:00

:LS T - .1 7 1:1:4 T T lE LE ;1 I_ OjS • Colo ne l Austin as 0!p e , ,,,i v.ithout rnnret,•ot the Western_DiTis;on of an- county of rely in Parliament, in Vie room of Lord Marshe.m. Col. AUSTIN, in returoing thanks, :innounced. himself as a ,tr,Anuous 4 .pps 4 cr of any e.raet to M4ynooth, end dr•nr.unced the Roman C,tholie clergy of Irt land as hay jut! docie nod-line- to imnrown the or to clear it from the proffig2cv that had so long existed in it, while they could raise large sums for the support of a!itation. He also sa id t h at he was a firm supporter of the corn taws, and of protection to the agricultural interests. Ile considered the present scale of protection quite ina dfluate. Ile would not, however, pledge himself to the adoption of any particular course, but would be guided In his conduct as a Member of Parliament, by circum stances. With regard to the game-laws, he would not 3 ay how he would act ; and with regard to the property tax, be would support any tax that pressed equally upon those a ho were lest able to pay. The speech of the new Member was loudly cheered, 1 , 1 ) 1 ( 1 a vote o f th anks to the sheriff, Sir Motes Monte "re, hating been agreed to the electors separated. LAW INTELLIGENCE. VICE-CIIANCELLORS' COURT, April 24. (Before the VICE-CHANCELLOR of ENGLAND. DOLLOND V. REED AND DELL. Mr. B ETIIELL moved for an injunction on behalf Mr. Dol lend, c'f St. Paul's Church-yard, the celebrated optician, to restrain the defen l an t s from engraving his name on any tele 3ef'Pes manufactu re d by them, or from selling any telescopes 1‘ It h his nam e, or any colourable imitation of it engraved there - °ll . The Learned Counsel stated that the plaintiff inherited the di ei,n _lovery and reputation of his eminent ancestor, JOT - ., •Pn "' who, in the year 1758, invented the achromatic t ,;```.'Pe, which WAR considered at that time, and down to the !lv''''ent, as perhaps the greatest discovery ever made, id which had eluded the observation of the immortal Neton. John the • o on( eminent men of science of that day, and lermthe Learned Counsel eulogised in the highest !Ida, the achr omat i c telescope and stated that a patent bee n granted f or i t in the reign of George the had a t a c_o . ar h e great reputation th e ac h roma tic telescope 1 ained h a d given occasion to all sorts of colourable T at ions of the plaintiff's name, such as "Dolland," rEct9lond" and " Doland," and sometimes it was spelt cor th„lY' and with these names so fraudulently engraved abro"dn, telescopes were sold in this country, as well as Val atif!ind they were often brought by the public to the Ping b s S hoP, where they were instantly detected as never a great i e e,n Made or sold by the plaintiff. These practiccil . were Potation as to the plaintiff, both pecuniarily and in his re deayou ." an optician, and he had for some years been en- Mitted,nng to find out by whom such frauds were com ...e present I „,_ but without success until the present occurrence. to such f application was intended to put a stop v._ e _ raudulent practices. In the present instance re"eutilefendants had engraved the plaintiff's name cor lo becameen '°,1•10 telescopes, and the fact of their doing ..,... known t o e the plaintiff in the early part of the pre "at month, in consequence of a workman of the defendant's callies at the plaintiff's shop to make an inquiry, and in the °Lit co urse of d o i ng so he inath - ertently produced two telescopes of a ba seem 1 clerk, wh o II , w ere he had others) to the plaintiff's tared Poo' them, saw they had never been manna of r sold by the plaintiff, and instantly pronounced the man b of the plaintiff engraved thereon to be a forgery. The b(etame confused, ar.d said he should lose his situation P ' l w a pnn it to lion . he had done, and Loped the clerk would not men plaintiff ;:t lie clerk replied he should, and did so, 11 i„.BA•hich tl e present application was made. 1 . 11 lioNoun said it was the clearest case he ever knew, and !bought it was a matter of great importance to the Public turt this should be made known ; because if inferior y ele t. 'eopes Irs:'e used by the navy, merchant vessels, and ti% en . t N, it might prjduce the greatest mischief, and granted h'.llll:letion prayed. lir COURT - OF EXCHE R QUE, April 25. IAL AT B` THE GREAT DISTILLERY CASE. INE ATT ORNEY -GENERAL v. GEORGE SMITH. Their Lor earn __ o_ dsh ips resumed thi s morn i ng at ten o ' c l oc k , an d th e was J ose the fury having been called over, the first witness called D rinkwater, who was examined by Mr. Sergeant froLe the The plan before the Court describes the pipes that go for'eodistillery into the rectifying-house. A flunge is used `acti n gThe r : two pipes either in a direct or oblique direction. .. branch pipe between the distillery and the rectifying. house which runs out of the first pipe. It is a blind pipe, and has 'utl et. .-" t 0 the It runs parallel w i t h t h e two walls. It runs across the the granary, and at thirt aeen box feet upon from it the bearing junction there is jtp.cock. There was the initial East London N i Vater.works. Th ere was a nother stop.cock at •our f e tine _ et from the junction. There was a branch from the die. `"Y; running down to the officer's-room. The latest period in ktt, hat I examined the spirit-receiver was on the 18th August or f l at time there were no holes in the cover Between the 4th te, red in , l L•tY, 1844, and the second examination a hole had been Th e ho i u the cover. There was only one hole discovered then. r uctio n ° Wa s only an enlargement of that through which the receiv(;eiPe Passed. An officer was present when the W as emptied. The trade always threw a vurnp." of water i n t o t h e rece i ver, t o clear the else, an d remove th e sp i rits. A b ar, l oc k e d b y th e Ex- Workii.7" t hen run th roug h t h e p i s t ons to prevent their eu, b , : g. The suction.pipe run through the enlarged hole. On sekr, !ng the bterd which supported the suction-pipe, I found a -c ircula r - ‘ier hoe which was sufficiently large to admit a man's arm. eau % W as an increase of spirit on the 13th of December of - . 411_ and that was seized by the Excise. My attentionwa oti t° t hehole by two other officers after that stock was taken; d raer:t.e 1 5th of June following we examined the hole again, an I aid the circumstances connected with it to the defendant xln 6- 114 for e Man, Mr. Gill. The foreman endeavoured to eopneai of ti., e Y 'tatting the „ a i l , were rus ted, and had given way. l'rev x e ' r ai t i ' was, however, new They were merely placed there to ni l , t he board been kicked off. Mr. have A i , Gill said the recci ,. er 4 ' th e flo ated and so the board be wrenched off. The position p,„ei.Leceiver was unaltered, and the officers of Excise must have a 4 ' 4 it if it hind floated. The defendant produced lett er wa s anonymous, stating that sr„, which he said coci,,kindividuals about his premises ran off spirits about three Z er „ i n the morning, and so!. 1 them afterwards. That dis -•,' (the discovery of the hole) he faid explained the letter, ge r , "e added, that it was a most extraordir:ry piece of intelli. th e ce * In June I found a hole, about an inch in diameter, near :ad suction-pine. The old board had been surrounded with w h ite , but the new hole was perfectly clear. The hole at first sight t - , a ` not at all apparent, It was distant about eight inches from - " ,. e di Ting rod. I A plug was in the hole to prevent its being 1. 4 ,". I I am - confi . dent the hole was not in the board on Saturday hole was too small for the passage of the dipping.rod. The "Thing_rod was a square one, and the lisle was circular. The ma_ i. Nter explained that there was a knot of wood at that place. Such Z' net the case, however. The hole had been made with a ''tting instrument. I took the drip for the first time on the 3d of September, 1942. Juror—What is meant by the phrase, the receiver floating P T he Loan Ctittr BARON explained. the witness continued—The receiver was so close to the floor "11" knife 1,. u tie could not be passed between the bottom and the g round . towt.e well incliner the convenience of removing its contents or cistern d fo . Before the end o; September, 1842, the u ro un tY necessary to make the surface of the receiver level was gan ons. O n th e nex t exam i na t i on they found that 260 gal tte:e.,—h, a de a level surface, and wetted 4.6 inches of the dipping (144 r anee of 1. e 1 oth in depth, making a difference In e "li Ms, or reduced to proof of 14 gallons. This would crea t e ver, ul ver Y distillati on a l oss o f 330 ga llons, the duty on which tannin he 1 29/. ss. In August the drip was 4 5 inches, thus tik e g another 1-10th of an inch. A stop had since been putft Leff,Tll,le w sad Pip by the Excise, but of that I know nothing, as d e s Tl. - ,; - it one The trader pays duty every fourteen ay . yea;"e fend ant had 26 periods of distillatian in the c.iurse of the ta tion (The witness then explained the different processes of distil. ner,,.. ) , Great care was afterwards taken to watch the premises 1416 1 ' 1 ' They first commenced to watch on the seventh me wash distilled of distillation. I had an account . of f sh 4,1 :en the six previous periods. The quantity o wa he f in the &It period, from tbe 10th of October, 1843, to " de %9,g,. ? , th e same month, was 275,387 gallons, h d w.1.C.. re-U_ se lM c : Atli 4ct t ' l !. givin g a result of 27,414 of proof spirits. In t he whichnd r edu e ,,, e quantity of wash produced was 276048 gallons, itali rin Z ',lade 262 ,830 1. gallons, or in proof spirits . ‘, 27,351 , 7 144 4' the fourth period '28 0 ,143, reduced 2:,8,09., or kr iod: "ds 2 6,753 gallons, and so on with the other 'thi eh rile quantity of spirits produced - on the watched periods, 441. '5 t w h t e " t his 7th, 9th, and 10th, exceeded in some small ort,ts unvratched periods. ele . !„ l „ arnin ed by Mr. KELLY.—The charges were . divided ;, -a ntity, - : or twelve periods • and at every examination the "' spirits in te wash ' differed in the proportions. It uPon the im p urityoft e feints. It was always expected "'wo rt ,'" Per cent, of sprits upon the charge. A hundred gallons ;)yght to give or.c gallon of sprits at fifty degrees atten . u. ,;deelskli,.,the quantity ptoduced were less than what the Excise 4 " a /' he trader was charged with the surplus. In t Ytar. has paid more than five or six hundred pounds in 1411, 11 4 0 41th ougli the Excise calculated upon ten per cent. of t ears 4 ' the worts at fifty, yet it often happened that the pro. Za x tehi . less, I n OctAer, 1843, commenced his first 4id ejsQ y ea Ile commenced at the begin , ing of the the n°t t ak e i That was his seventh watch. i ßut e h an e nth account the previous six watches, as re g h. w ' l :lil ith wi _t . h the seventh, and carries! on the purpose of is tt. 't e r, st tn e eighth, ninth, and tenth. r hni e , l _of the cros s - examination related to matters only purely - ' 4l l: l ;tei , 4741 arithmetical, little understood by the witness and 141 1) ' fl 'N'Asible to render intelligible in a newspaper report. t} i g th e ei st . Dre r , i , e hole ti me that witness was engaged in watch i ng 1. 111 " Y. ea r. Smith knew that the officers were in the ° the r, s ' that th"ri'Mr. Gill, who managed Mr. Smith's busineso, they liana made tj°l-iICE INTELLIGENCE. (YESTERDAY.) MAIN' S lON-HO U SE. t 1111:), tehnci;rilat HAMPSTEAD th i i i: s I m tp or E n ß ing placed at the '' , th 11 °4 t he Lord ;fa ng mhan, I f ° eker i n yor, c was with having been concerned appear Urdering Mr. Delarue. r eeti etl frorn the evidence that several letters had been eih o h Y add, l ist ad 44,1 e: t ied to Rocker, purporting to come from a a k P e e n rso t n . 4 vet th ed him in the murder. Means were t e . ' l(4 ies e Wri ter, and the prisoner was arrested last night at f, a t' '' ,, t / 1 1, tr ep a i : t tl ie K_ eys, Fleet.street, while in the act of penning fv f •,'er lu , to Rocker. The prisener it appears has been a tl...‘ ti. et tf; ac to He stated to the Lord Mayor that he was the r titlstateti.° letters, that there was no foundation whatever 5 , 'et 110,Tts Made in them that he was not acquainted with 4 ' 4 kin fi , ", or Delarue, and that he had never been to Hemp. ih;rette piZl,talie_ murder. fontrye his 1,,_, brother, who. was in attendance, said he ccn. ,„ to ,L,,,.' Merely a foolish attempt on the part of the pri tatiAife 1ett"41.1.11 notoriety. irk, 4 . eel ', serne of which were signed " J. Allen," were . then •A:listi th at It It was evident that the writer wished it to be et `lsti .., he himself was the murderer. Old kf l e -° ° , said there was no truth in them, and that weakness 'il.t4 i . 4 „!, had induced him to write them. freak' 1.,,,,'"' h that he had been subject to fits. t rol li t d i *leYoa considered the whole as merely a foolish ki k , 4 ich ,teted the prisoner to be taken to Meryl( bone, the Court he 13, tie r's niecker had been committed, where any proofs of t "e pi dent al imbecility could be produced. fine r teas then removed. 44„ ... MARYLEBONE. see 4 /c ow "1E HAMPSTEAD MURDER. 4 44 , ' lc, .. 'n , a ck (not Kelmar), was placed before Mr. Long , at th e k-ity : t iu 'Air. Sargent, the landlord of the Kings and Keys, iii: teriff,.."°liee-constable Groves, 360, having certified t o o t. 411 ' 4 ft i r niti g lef the letters by the prisoner, and some is kr ed d i kr. L'avinle deposed to the diseased state o h a ht ,' that 1.„ " 4 said he did not think, after what had tran - a ri p As iit ' should be justified in detaining the prisoner; but a 1 1: 4 t 1 1. a r ; cl4 bow to act, he left the Court to consult Str J. or t l t iscl no ..1 . 1 his return, he said ha could not detain the prisoner. ti mils uolibt deluded himself into the belief, whilst in a state iet t chat, ...kr t .,. • . that he was implicated in the murder. He should 4tie i lti 7thar ge hi m. tot ° tier th....en left the Court with h' solicitor and friends. ' 44 st ? atS ------- r ., AV We h,_ 4, 4 , 4 , TICESHIP OF NEW S OUTH ALES.— b t il m ,e . red . 4 2" M by authority that the above appointment, i iptit:Led 1 1 ,17 t 1 4 the decease of the late Sir James Dowling, _ t "14 . 1 A _ _ _ _ ____ _ 4- gandi datt 4914 WO C9lolllal kir ; and not imui Pa M - EIt.IAI, PAUL MEN T. OF LOIIDS, April 25 The Loin CHANCELLOR to,k his seat on the Woolsack at Five o'clock. MOR TT! grw, Lownowl SATrADAT p, aet Nursers to wri , e their prescription. in plain Enstlish— ( A I, , ugh)—and on all druggists and avoqueaziea to label their bo.tles. &v., in [ :lain English—( Renewed lavgliter)--:rout and after the Ist of 1.1.' Mr. ti, , rjrant 1111 P.-1; gave nolce, that on Thursday, the I.t. of :' , /av next, he should move that the - 11,,u50 do resolve tt=e it into a C'onamittee of the whole hens-•. to lake into con sideration the subject of ),,inisters' money in Ireland. ADJOURNMENT IE HOUSE. On the motion of the CHANCELLOR or the EXCHE QUER, it was ordered that the House, at its rising, do adjourn to Monday next. IRISH AND SCOTCH BANKING. _ - adopted last s e ss i on by this House. I repeat we adopt that measure w i th o ut in the slightest degree affecirt?egsin juriously the cureniercial interre.ts of tho•o c 9u rtScotland (Hear, hear.) Th e pos iti on o f Ireland anti of banking eetoblish the position of Ireland, in respect to its I will inente. before I enter upon the general question.of he bank is in seine respects the same ; and . I shsll just state point out the difference which exists in respect leg establishments in the two countries. In Ireland yo u have what you have no t i n S co tland, a National Bank. In Ireland you have a b an k h o ldi ng a -charter, which is d_etevrinn able upon six month s ' no ti ce . The Government have i the power of dissolving its connexion with k t and withdrawing from that ban the Barakxe lu cfsiv e Ireland, pr,.. vileee which it now en joy s . In Ireland you . on the whole, eight bank s o f is-sue. There are no ne'-. elite b- save, el. of issue in that country. 'I here is the Beni' of Ireland seven other banks cf issue. There are ; s'oieet-stock companies, There are, in addition to the / Lank of Ireland, the Provincial Bank, the National Bank, three joint-stock banks of issue at Belfast, arid two others, making, on the whole, seven banks of issue, being joint •stock companies. independent of the Bank of Ireland. Now, in Irelani the general law of banking requ;res deep consideration. There are statutes of the Irish Parlaioent still in force in that country --or, at lea:t, which are doubtful whether they are in force or not—w hieli place joint-,;tock banks, and the partners in them, on a different footing from that in which they are placed in this country. 'I hese enactments come into con flict with that Act which passed some years since. in the Imperial Parliament, and under which joint-stock banks in Ireland aie regulated. Her Maje•ty's Government intend to consider the bearing of those several enactments, and at - a more leisure moment to take steps to amend and consolidate them info a general law. But I will not. on the present occa-ion, divert the House by any details from the main subject, open which lam now addressing . ' them. lam perfectly aware that the general law in Ireland is in an imperfect and compli cated state. The Bank of Ireland acts as the backer of the Government, anJ conducts the general payment of the dividends ; has the management of the debt, and conducts th •• general busioess of the country. The eapitel of the Bank of Ireland is 2,769,0- 01. The debt from the Government to the bank is a rather smaller amount, being 2,630,000/.; and w e pay the ha. k interest of 31 1 per cent.. The Bank o f I reland has certa i n exc l usive privLeges. The privileges of the bank are that ne jeint-stock batik in Ireland can have a house or place of busi ness in Lublin, or within sixty-four English miles of Dublin. No j..int-stock banks can issue bills or promissory notes in Dublin, or within • sixty-four miles 41`.• that city; and no joint stock bank being * within the limit of sixty.four miles could issue a promissory note for a less sum than fifty pounds. Now, lam bound to say, that these are a description of exclusive privileges which have been very much complained of in Ireland.—( Hear.) There arc in that couittry other banks of great respectability, which con duct their busieess in a manner that has hitherto given very general satisfaction. In those joint-stock banks, which are limited to seven in number, the whole extent ofjoint•stock banks in Ireland with which we have to deal, there are 4,000 share holders, and the number of eustomei s carrying on business with those hanks exceed the number of shareholders by many thousands. Now it must be admitted that the city of Dublin is a place of resort to many of those who had shares in those joint-stock hanks which are compelled to be situated at so great a distance from that city. Dublin was the seat of the vice-regal court—it was the seat of the courts of law, and a great emporium for the Irish people in many other respects. Besides this, it was a great inconveni ence to many persons, strangers and others arriving in Dublin, to find that if they have drafts or demands of any other descrip. tion upon any of those joint-stock banks in the country, they are told that there are no branches of those banks in Dublin. Now, I must OA n that in my opinion, provided you give good security against an excess of issue, it would be of great advan tage to the Irish people to withdraw those exclusive privileges; to establish joint-stock banks within 64 miles of D u bli n , an in fact to confer upon them all those advantages that the Bank of Ireland now possessed without limitation.—( [fear, hear.) I am bound to say that nothing can be more liberal than the manner in which the Bank of Ireland has acted in reference to the subject. The governor.; and directors of that establish ment have intimated to me that they wese perfectly ready to content to the relinquishment of those privileges, provided that the joint •stock banks should be subjected to the same limitations that controlled them ; and if so, they then saw no reason why other banks should be prevented from establishing themselves in and near Dublin. If, then, this House confined the limitation of the issue of those banks in the man ner suggested by the Bank of Ireland, and which appeared to the Government to be but just, we can see no sufficient reason why those principles should not be removed.— ( Ilear. ) lam bound also to to say that the establishment of the Bank of Ire!and, consisting, for the most part, of persons professing the Protestant religion, the governors and directors have intimated to me their desire that that portion of the oath taken by those entering into their service, which could not conscientiously be taken by Roman Catholics, should be abo lished—(Cheers)—and they have further intimated to me, that it is their wish that there should be no form of oath dis qualifying a Roman Catholic from becoming a gover nor or a director of that establishment.—(Cheers.) I would confine it simply to the oath which is to be adminis tered to ascertain the amount of property, and I would do away with, the peculiar privilege of the different oath which is administered to a Roman Catholic and to a Protestant director of the Bank of Ireland. When a Roman Catholic director is appointed for the Bank of Ireland he is sent into another room to have a different oath administered to him. By this Bill I propose to do away with the distinction which is thus drawn between a Roman Catholic and a Pro testant director. I hope the Hon. Gentleman opposite (Mr. Fox Maule) will not disapprove of that areangement.—( Hear.) With respect to the custom which has hitherto prevailed, I propose that the Bank of Ireland should still remain the banker of the Government, and I propose that the money which has hitherto been owing to the Bank by the Government should still continue at the same rate of interest as has hitherto been paid for it. In con formity with that prinicple, I intend that the credit shall still continue the same, and that the rate of interest shall be three and a half per cent. per annum for ten years to come, and that the same rate of interest should be paid on any excess of expenditure over receipts on the part of the Government. lam thus g iving my support t o th e same pr i nc i ples which I considered it necessary to allow when I last year introduced my measure with respect to the Bank of England. I conceive that this is clue in consideration of the willingness of the Bank of Ireland to relinquish their exclusive privileges, and I propose that the debt should continue as I have said, at i the same rate of interest for ten years longer—l propose to introduce into the proceedings of the Batik of Ireland the same rule which has been applied to other banking establishments, and I intend to subject the Bank of Ireland to the same weekly return which is made by the Tank of England. 1 propose that the Bank of Ireland shall publish a statement weekly of the whole of their affairs—of the amount of their issues the increas s or decrease of their circulation, and of the amount of bullion at the time within their coffers. 1 propose, in fact, that the Bank of Ire land shall make a precisely similar return to that which is made by the Bank of England, and which has given so much satisfaction to the whole of the trading and commercial community, and which has been a cause of such justifiable confidence to the countr ' country he he banks of Ireland will by thi s means b e placed in s - oine respects with the banks in England and Seotlar.d. The position of the banks of Scotland is at present in some respects different to that of the banks in Ir e l an d or in England. I - prerose first t o state what is the gener a l position of the bank; in Scotland, and in some respects they differed from other banking establish ments. I will then go into the circumstancesof those banks. In Scotland there are altogether nineteen banks. In Scotland, as in Ireland, there is no controlling power. There are four teen companies which have the privilege of issuing notes. Ido not know whether it would not be unfair to make comparisons between the two parts of the United Kingdom upon this sub ject. But I can say this, without the least wish to shock the feelings or the prejudices of Ireland, that I have no intention of injuring either. I mean what I say-(Cheers.) I will not attempt to f. tter the discretion of Parliament —but allowing that privilege to exist in its presen t state, I will not propose any vexat i ous i nterference with it. Ido not propose to establish any proportion between notes above and below , 5/. I will leave to the banks of Ireland and Scotland the privilege which th ey possess of issuing notes under 51. ' without any restriction as to the proportion which their notes bear to d notes representin g a higher value. The banks a Ireland and Scotland will thus have two advantages—thee will have d the advantage of a monopoly of issue, by being protected fr om opposition ; and they will also retain the, privilege to which banks in this count ry were compelled notes of relinquish twenty years ago, the privilege Of issuing notes 5/. I will leave them in the possession of those P which proposing to apply to them exactly the same principle I pro_ we applied to the joint-stock banks of this country.o lation which pose that we should ascertain the amount of uire ve did with re has taken place for some past period, just as : e any limits spect to the joint-stock banks, and not to impose any p but only tion in the amount of the future issue ofP -amount, that requiring that for the issue beyond a given that issue should take place in gold. repeat, to joint-stock is the principle which we have app li edwe ascertain the banks and private banks in this country. amount of issue for a certain period before the '2701 of April, and we limit the future issue to that amount, perm itting them that amount in to issue for the future the excess above which promissory paper of the Bank of 1 1 England, Ido not wish Bank of England paper was issued upon gold. to introduce into Scotland or Ireland any compulsory paper tender; to whether the paper of the Bank we propose to clear the doubt as of England is a legal tender. The most eminent legal authorities in Ireland are, Bank of England paper is I am told, of opinion that 1 not now a legal tender for gold. I think it right that there should be no doubts on the subject, and that we should clear up and declare whether or no t h e Bank of England notes s hould be a legal te n d er . Therefore, I have every reason to believe th at it would be Banks in Scotland that their ex cess i ve more acceptable to the . titan circulation should issue on specie, rather on paper of the ar Bank of England. So far as the public it eeoncerned, it is a matter of indifference to them whethershould be upon Bank old l yet, still, as there would be an of England paper, or on g objection to the issue of that raper in Scotland, I propose that Scotland beyond the permitted the excess of circulation in .a _ not e amount shall be issued on specie, d I believe necessarily on the the Bank of England. paper of . le also in Ireland. Let us bear in just to establish that principle mind that we have a guarantee of the stability o f our paper Kingdom circulation in this part of in Ireland or beyond what practically exists either over England and Wales Scotland. We have generally diffusedait of England can now a great .Be specie circulation. The issue no paper beyonds Coo 14 000 /. , exc e pt upon gold. Wehave not . uivalent of papir and gold, but security for the e quivalent additional uarantee, that ther ' we have this geirculation, on account e ois f the a great basis in specie for cur . of coin throughout every part of almost universal diffusion . be difficult to Wales. It might estimate what is England and current in thi s the amount of gold circulation that it . part do not know that it is necessarily connected the kingdom. I but it is aquestion of • interest to connected with my subject, of our gold circulation ' determine what is the amount (6 . '!'here has been issued in gold coin from June, 18 ~ to the month of 60 116 000 sovereigns —since June, 1842, June, 1842, about f , from the Mint to 'he there have been issued h flank • ' Bank 1 - 013 000 sovereigns; _I, , 1842 t eput • into •• • since e ,„ , i , , uremia those I r , ° ( "-'•` l "°. New, it is tion 11,000.000 out of s s atisfactory opinion ex ceedingly difficult to form as to the a which remains in the amount of gold circulation w kingdom. a . mount of light But, judging from the . . , sovereigns • 1 at different periods into the bank the which have been paid . bear to the total amount of sovereigns proportion which they I 1839, of the total sovereigns taken in is as follows : 21 amount ° Ise . Bank" of sovereigns paid into t.t . : , per cnt. 13 ,4„ w the l••gat weigh.; ir, 140, were rejected as rejected; in le-11, 27 per cent. ;in 28 per cent. were ~ t • . • • A pro , ,ama ion was is -sued in 1842, 33i per cent. . -erogris: and from the 10th of June, June calling in those sos ' 1e43, the 1842, to the 31st of December, . . . amount of light the circulation was 11,137,0001, gold coin withdrawn the r-te ef 33; e • cent. upon the Now, if we estimate this at .,: 't his . will p 1 total - amount of the whole circulation, diffused show that the total amount of gold circulation five minio through )ut the coun try varies from thirty to thirty five make r s'—(.l-lear, hear.) Now, it we are called upon to an estimate of the ' circulation, and of the iir mint of motes number of guinea in li ii; ut" . 1.1:. I. t . ' • og an- alit: by private below si. Vsued by tile a . ,1 , that the issue of noes below 51 was bankers, at the period . . permitted which were in circulation at the time that the P e rohiliited 1 do not believe that we moue of small notes was F , Sir R. PEEL moved that the order of the day be lead for the House resolving itself into Committee of the whole House, on the subject of Irish arid Scotch Banking. On the order of the day being read, Sir ROBERT PEEL said, Sir, I am about to propose the temporary postponement of the further stages of the discussion of a measure which has now been under the consideration of the House for several nights past, and during which time it has excited a great deal of interest—in order to bring under the consideration of the House the proposal cf another measure, which can boast of the possession of no matter of interest, from its connexion with such measures as lent an interest to the other measure to which I have alluded. My present proposition is one which can only be decided by the weight and authority of the arguments ts hich may be brought to bear in favour of it. It is upon one ac count, and upon one account only, that I would presume to make this interposition—and that is, the occasion of the other debate, which I have mentioned, hav ing occupied the attention of the House for so many nights to the total displacement of other business possessing equal importance, and, therefore, if it should be supposed that I may not be able to do justice to this measure during the short period I shall occupy the attention of the House, I beg to say that I would not have presumed to have brought it on now, but that I see so many of the Hon. Members, the representatives of Scotland, in the House.—( Hear, hear.) But I do hope the House will 1 bear in mind the position in which we have been placed for several nights past—( Hear, hear)—and if my explanation of this measure should be deemed to be less perfect than it ought, I trust at least the House will hear me with for bearance--( Hear, hear)—and allow me to refer shortly to the different clauses of the measure which I propose to submit to their consideration.--(Hear, hear.) The House will bear in mind that in the last ee,sion of Parliament, the subject of banking in this country occupied its attention for a considerable period. That measures Gf great importance were then adopted with reference to the circulation of the notes of the Bank of England, and of the different joint-stock bails and country banks in this part of the United Kingdom ; that the House will allow me to refer slightly to the different enact ments which, under the sanction Gf the Legislature, were passed in order to regulate the circulation of the Bank of Englandand other banks. With regard to the Bank of England, permission was giver► to that establishment to issue paper to the ex:ent of 14,000,1.00/. The Wok was permitted to issue promissory notes on fourteen millions, but with respect to the further issue, that was only to take place in specie, the public being entitled to de mand notes in exchange for specie, or coin in exchange for notes, and the free circulation of the Bank of England being determined by the free action of the public de manding either notes or gold as they might require. With respect to the issue of the other banking establishments provi sion was made at the same time, that in respect to every private bank of issue, or joint-stock bank of issue, the average amount of the circulation of each was taken for the twtive weeks preceding the 27th April, 1844, and these bank,, were required to confine their future issue of their own paper within that limit. No proposition has been made that the increase of promissory notes should be extended beyond the prescribed limits—the issue should be Bank of England paper, that Bank of England being founded upon gold. I apprehend that the House sanctioned this measure upon the following assumption— that the standard of value in this country is a certain quantity of gobs defined both in point of weight and in point of fineness. '1 hat a promissory note ur dertaking to pay so much undertook neither more nor less than to deliver to the holder of first note a definite quantity of gold of defined quality. The House assumed that the issue of that promissory paper must in fairness be subjected to the regulations to which other forms of paper credit are not neer ssarily subjected. That the issue of promissory metes representin g gold, and acting as a sub stitute for gold, diff er i n their character and extent from other forms of paper currency. That those who issued them were in possession of a valuable privilege— valuable to themselves and important to the country—and the House would have a perfect right at any time to subject the issue of that paper to such restrictions as might be deemed ex pedient for the public weal. The House acted upon another assumption—that with a perfectly unlimited and un regulated competition in the issue of paper, there was, of necessity, no guarantee for the permanent convertibli:y of that paper, or, I should rather say, that the House considered no guarantee existed where the competi tion was perfectly unrestricted and unlimited; and that, consequently, there was no safeguard against the sudden and violent contraction of the circulation, thus deranging the monetary transactions of the country, and shaking confidence in public and even in private life. On these general assumptions, ti-is House and the other House of Parliament sanctioned the measure proposed by me, as the organ of the Government, for imposing a certain limit on the issue of promissory notes. lam quite aware that the interval has been short since that measure has been in operation.— Hear, hear.) I am as well aware as any one can be, of the necessity of being cautious in drawing inferences as to the effect of that measure on the circulation and public credit of the country, from so short an experience. But I must say, as far as we can judge from that experience, we have a perfect right to be satisfied with the measure passed last year. Admitting that experience to be short, as far as it has gone it has been decidedly in favour of the policy and justice of the measure sanctioned by this House in the course of the last session of Parliament. Sir, since that measure was adopted, we have had a period of extra ordinary activity. We have had a great demand for the ap plication of new capital to manufactures, and other branches of industry. We have had an extraordinary, at least an unusual degree of speculation in projects connected with the internal improvement of the country—l refer more particularly to the extension of locomotion by means of railways, and I find that the restriction imposed last year has not in the least degree cramped or fettered the commercial enterprise of the country.—( Hear.) I cannot find that there has been the slightest check on the ap plication of capital, or the slightest ground for any complaint that prices have been unduly affected, or that the increased demands of the country could not be met on account of the restricted circulation.—( Hear, hear.) I find at this present time the amount of specie in the Bank of England, in gold c. in and gold bullion. I find there is of both kinds in the Bank of England about 13,580,000/. That the Bank is in possession, at the present time, in silver bullion, of 273,000/. ; in silver coin, 1,886,000/., making a total in the Bank of England in silver hellion, gold bullion, and gold coin, of about 15042,000/. I do not find amongst many who op pose this measure a disposition to admit that there has been decreased confidence in the monetary transactions of the country. I do find a disposition also to admit that, if during the recent speculations there had been an unlimited power of creating new hanks of issue—that if there might have been new banks of issue, those new banks of issue, with an unlimited right of issue, acting and being reacted upon by this speculation mania, this fever of speculation which prevailed throughout the country, I do find, I say, an impression amongst many who opposed the measure of last year, that the state of our credit and of our paper circulation would, pro bably, have Leen much less satisfactory than at present. Sir, I have not heard that there have been any complaints on the part of the bankers as to the effect of those restrictions. I have not heard that any such complaints have been made. Complaints may, indeed, have been made in SOMil few in stances, but, at all events, they have rarely reached that department with which I am connected. I have heard but few complaints of the effect of restriction even from the rural districts. I have heard of many bankers. in consequence of this restriction of issue, who have been obliged to provide for their increased issues by providing Bank of England paper, but they all agree in opinion that the slight expense which they in consequence have been obliged to incur is but a small countervailing evil, as compared with the increased stability and security which has thereby been obtained from the banks gene rally throughout the country. Sir, I say that I believe that the joint-stock banks and the country bankers generally have acted fairly and honourably in the execution of their duty. We have occasionally heard of attempts at evading the law. In some districts of the country new forms of paper currency have been issued for this purpose ; but these attempts have been discountenanced by the country banks and the joint-stock banks. They have shown no favour whatever to these attempts at infraction of the law, and although I should be perfectly prepared, as I said last session, if those attempts prevailed, to apply to Parliament for in creased means to meet these attempts at infrac tions of the law, yet I must say that, up to the present time, it does not appear to me that any necessity has arisen for the interference of Parliament. The law has worked in such a way as to give general satisfaction, and the Government has met with the cordial co-operation of those whose circulation has been restricted, but who have yielded a willing, a general, and a cheerful obedience to the law. Sir, the eoactments to which I refer apply ex clusively to this part of the United Kingdom. One of the measures of last session imposed restrictions on the circulation of the Bank of England and of the issues of the joint-stock and private banks. Another enact ment, passed simultaneously, imposed equal restrictions on the issues of all English banks, and prevented the establishment in any part of the United Kingdom of new banks of issue, restricting the privilege of issue to those banks which were entitled to exercise that privilege in the month of May, 1844. The consequence of this has been that the existing banks of Ireland and Scotland, although their circulation has not in any respect been interfered with, had yet been protected against competition by this other enactment, and er joy the monopoly which that enactment is calculated to secure for them. The question now is, whether we shall repeal these prospective advantages by submitting them to the general enactments of the law which was passed by this House, whether we shall ap ply that law to those parts of the United Kingdom.—( Hear. hear.) I was requested the other night by the Noble Lord, the Member for Sunderland, to postpone the consi deration of this measure ifor another session. —(Hear, hear.) I felt it to he my duty to resist the suggestion made by the Noble Lord, because I thought that if it were right to consider the question at all, the sooner it were done the better.—(Loud cheers.) I conceive that there is nothing more calculated to have an injurious effect in a matter of this important and peculiar character, than to give notice that at a certain time a question of so gene rally important a nature would be brought forward, that a state ment measure to of the intentions of the Government should be made, and afterwards to disappoint the e x p ectations w h i ch have been raised by this notice.— (Hear. incumbent And there ipn can Government be a en nno u' u h n i c c e b their tc anbemore intentions, and to submit them to the eonsi? deration of Parliament, than in a measure affecting the monetary circulation of a considerable part of the United Kingdom,—( Hear, and cheers.) It is fitting, therefore, that the House shall decide whether those n44.'ed this enactment, t with the management of public aff a i rs s h a ll repeal vhich toe 4ttent;on cf the Houce has been already drawn, Nwo , when I speala of flue enactment, I must add, that if I t hou g ht that the g eneral p rin ciple of the proposed Government measure could not be a p p li e d I to Ireland and Sc otland without a risk of injury to those parts of the coun t ry, I would be the last even practically, h which could by probability endanger t prns ee . my eseftsuie t • e -___(Cneers.) think it is perfectly ti' ti ng rity those pun ercise a salutary restraint en the cur to propose, either theoretically, or do uld en%vided tees , pot hazard or derange r hurtf I' o f the ee inga the commer ciallong-established usages, o r that e n e the country.—( Hear.) I wish to secure population of y t the the State country, sbo thin willing cordial co-operation of that part of my coun trymen rd this measure particularly refers; b u t I do feel that we may apply to joint-stock banks, and to those cowl tieu?ra tries, the 1 p rinciples of that measure w hi c h was wein tog who should come Ito a very different conclusion. I admit that . --ens"wmansinnnereeeso' - the data ' anich we have furnished us for the purr- ' entirely voluntary on the part of the Bank. On the of forming • sin opinion upon this subject are very van! , • nre I first Saturda in March in the resent year the amount of uncertain, /nut I think e e shall not be far wrong f c ' .f ':otl notes a i n .isued y 7as 1,046,0007., and p the amount of go:d held by the amounn.of gold in cif eulation atpresentat f i c- w - - l'' .imate the B k 3960001., and the amount of silver 29,000/., the thirty-five millions. I am b p o l ur - 12 state that the data on wl-',ffl thirty to ! total amt.unt being 426,0007., voluntarily held by that however, to bank—a hank which, as he said before, had given the greatest is feuvule are very imperfect. ' .'eh' this estimate ' satisfacti-n to its ' pro nrietors and to the public. be, there in an be no doubt be' Lint • whatever the suns may sln those cases there was no such ern - responding amount of circulation does give re _. this general diffusion of a gold 1 sp ec i e to i ssue; but I require that there sh4ll secur coney a this e- great stability t o th e paper cur- ; be a certain amount of specie to support the Act es ity, roe- auntry, and add s a guarantee to that I issue. Now I propene, in orde r t o g i ve amp l e t i me, - ae especially when taken in conjunction with the 1 that this shall not take effect until the month of 1 . last session, which does not exist in Scotland or , January next, - and I feel perfectly certain that in ereland. Now I propose with regard to the Scotch and Irish 1 England and Ireland, without the least disarrangement, the circulation to take the average amount of issue of each bank at 1 bankers will be enabled to make provision for conducting a certain definite period; and 1 propose to apply their -affairs under the new regulations i n th a t ti me . to them th e same general principle which we ' What will be the bearins, of thi s i n Ireland? I n th e case o f applied t o t h e English banks in the last session. all the Irish banks, there has been a rapid increase of circula- We demanded no deposits by way of security—we required no tion since April last. In the case of the Bank of Ireland, amount of gold to meet the issue then in circulation, but we the circulation of that bank increased from 3,600,0001., did take security to meet any increase in the issite.—(Hear, as it stood in Ap-il last, to 3,900,0001., at which it hear.) Now, 1 propose to apply the same principle to the stood :at present. The aggregate circulation of the other 1 Scotch and Irish banks. The question then arises, from what banks increased from 2,357,000/. at which it stood in April period are these averages to be taken ?—( Hear, hear.) last, to , 3,105,000/., at which it stood at present. Now 1 propose, as regards both countries, Ireland and Scet- if he compared the increase from August last year, land, to ascertain the average amount of circulation from the to the 29th of March in the present year, the period which has elapsed since the first announcement of this increase of circulation of the Irish banks other than the measure —that is to say, since the 27th of April la,t. This was Bank of Ireland has been from 1,974,000/. to 3,105,000/. a period of thirteen lunar months. Now 1 know that the Now, I should object against taking the last three months in 1 variation in the amount of the issues of the Scotch Leland as a foundation by which to determine the fu banks is very great at different periods.—( Hear, hear.) ture amount of issues. ( Cries of " Hear, hear.") I said In May and in November the amount of issue exceeds the issue that in the case of Scotland that amount was matter at other periods. I believe that as far as Scotland is concerned of comparative unimportance, because I am bound it is a matter of indifference if the average is taken for two to admit that there hss been no excess of circulation years, or for one year, or for six months; for if we look at the in Scotland ; but seeing the rapid increase of the circu two periods of extended issue it would be a matter of lation in Ireland, I think that I am perfectly justified great indifference to Scotland whether we take in extending the average over the whole year. a period of one year or a period of six months for the calcula. At the same time I arc not prepared to say that tion of our average --the amount of circulation would in such this increase has taken place for the purpose of case be nearly the same. I think it but just, as far as the obtaining any undue advantages. There has been a public interest is concerned, to extend the average over the great increase,' but I think it has principally arisen whole period, and not to confine it within the limit of six from this circumstance —namely, that the resins have been months, because the two or the three last months:will have a mad with reater accuracy of te tan e used to be. larger issue as compered w ith t h e former, or commencement of 'The e informa g tion which has been s la uppli h ed to th us y within the last the period. I propose to take the average of 13 lunar months, few years has been more accurate. A portion of this increase commencing with the 27th April, 1845. During that period, arises also from the gratifying fact that we have had a good bar according to my proposition, the amount of the issue, taken on vest, and that we have had an increased demand for capital in the average, will regulate the circulation. Ireland. All these circumstances have increased the demand To questions from Hon. Members on the Opposition side, for circulation in Ireland, and augmented the issue of prnmis- Sir R. PEEL said, the average shall extend over the sory totes. Now, take the case of the Provin. whole time. Now it will make a material difference in Scot- cial Bank of Ireland. This will nut operate on land whether we take the whole period in the manner that establishment in the slightest degree. That now proposed, or give the return of the average amount of bank has a reserved fund of 400,000!,, which will afford a suf. issue in the several days. That might give the average amount ficient security for an increased amount of issues, if such of notes in England, teat in Scotland the practice is very dif- should be necessary. I believe, with regard to the Belfast fereet. By the Act of 184!, a weekly return of the notes bank, and with regard to the National Bank, that the same issued by each bank is required to be given in, made circumstances prevail. They have each a reserve of specie up to the last day of the week, because the system of that will enable them satisfactorily to work this measure, with restraint which has long p-evailed in Scotland, by exchanging "out derang i ing their circulaton. of the issue the notes whi c h h ave b een i ssued from each bank, prevents of the Bank of l eF l an d at present The amounts amount to 3,706,000/. the danger of an excessive circulation, and gives at certain The amount of the circulation of the other banks of Ireland periods the different circulations of each bank. amounts to 2,565,000/. ; making the total issue of bank -notes I propose that a return of the amount of for Ireland 6,272,0,01. Now it is possible this question may notes issued from each bank, on the last day of business in arise—in England, in the case of the bankruptcy, or the with the week, shall be taken, for it will make a material drawal from circulation of its notes by a provincial bank, difference in the amount of Scottish circulation, whether it is permitted to the Bank of England to step in you take the daily avera ges of notes, or whether and supply the void. Now we take the permitted cir you take the return on the last day of circulation. culation in Scotland at 3,441,000/. But suppose And that is the reason, I apprehend, why the amount of circa- the case should arise of the bankruptcy, or withdrawal of one lation appears in Scotland so low. The return if you entirely of the Scotch banks, how is the void to be supplied ? In Eng rely upon it, must be a fallacious one. It w ou ld appea r from land, the Bank of England can supply the void on giving secu the return made on the last day of the week, that the amount rity for two-thirds of the issues. But as the jurisdiction of the of notes in c i rcu l a ti on i n S co tl an d, d oes not exceed Bank of England does not extend to Scotland, I may be asked, the amount which might be taken at any other period. What if a void should occur in Scotland, how is it to be filled up? I we propose therefore is, after having defined the amount which suppose that a bank fails, and that 200,000/, is withdrawn each bank shall issu e , y ou s h a ll f or th e f u t ur e requireeaeh bank from circulation Now the issues of the other banks not to certify the amount of its weekly issue—or being restricted, this would impose upon Scotland the rather the am oun t o f it s issue as it appeared on necessity of providing an additional supply of gold. We can the last day of th e wee k. Th us , i n Scotland, as in Ireland, not in Scotland adopt the same means which we do in Eng you will take th e per i o d o f f our wee k s , an d determine the land. Now, I propose in Scotland, as we have uo average of that period of four weeks. If the average of the other establishments except joint-stock banks-1 pro four weeks does not exceed the amount of the permitted pose in Scotland and in Ireland to permit the issue in that ca se , no res t ra i nt w h atever w ill b e imposed on the union and incorporation of the two joint-stock banks. bank. But if the issue for the four weeks exceed the Permitted 1 repeat that I will Permit in Scotland and i n I re l an d, t oo , amount, in that ease th e excess , w h a t ever it may be, shall be joint-stock banks to be incorporated, and I am of opinion that issued in specie. li, a s I said before, the bank should issue within this permission will give a more ample security fo r thei r s t a .. the limited amount, in that case no inquiry will be made. Of bility.—(Hear, hear.) The permission for two joint-stock course we are bound to see that every bank, if it should issue banks to be incorporated will, I am of opinion, provide an more than the limited amount, is a bl e t o p a y its notes ins pecie ample remedy against any derangement in their monetary cir on demand. W e do not , s i n th e slightest de- culation.—( Hear, hear.) lam not aware that there is any gree to interfere with that obligation. A sense poiut connected with this question, which I have omitted to of their own security sho u ld and ought to im- state to the House. I think it will be seen that I have accorded to pose on the banks the obligation of keeping sails Scotland and Ireland the principle which applies to joint-stock mut funds, but provided they keep the issue within the banks in England. I require no obligation from them. I ask average of the last thirteen months, we shall make no for no interference further than this, that they do not exceed inquiry. We should trust to their own discretion, their limits, and that their issue be justified by the specie they and we p ro p ose to app l y the same rule as t h at can command. I propose no limitation to their issue, provided which exists in Ireland. We estimate the average amount of always they have deposited a sufficient amount of specie to issue of each bank in Ireland, including the Bank of Ireland, warrant that issue. If Parliament will sanction this measure of the last thirteen months, and we permit each bank to continue they will do much towards the establishment of the circulation its issue within that period. :- But if they should be i n excess in the United States. A guarantee will be given for the we shall require that excess to be founded on sufficient se- amount of the banking circulation, nor will that certain curity. Now, we are willing to trust to the honour of the amount be exceeded, excepting it be justified by the Scotch and Irish banks as to the retention of their amount of specie at the disposal of the bank. You powers. We propose that they s h a ll return to the will be adding a guarantee that that circulation will be Government the amount of specie held by them, and we only limited on secure principles, calculated to give propose to give the Government the power of inquiry. 1 prosperity to the countries to which the measure shall believe it has never been found necessary to exercise this be extended. Some years ago, when the Bank of England in England, and I have every reason to hope that there made strenuous endeavours to substitute a gold currency for a will be just as little necessiiy for the exercise of it in Ire- paper circulation, I speak of 18:36 and of 1839—and, if it be land as in Scot:and. (Hear, hear .) We will necessary, I shall be enabled to show that it is but just to im require from each bank a return of the amount pose upon Ireland, and to impose upon Scotland, the same part of the weekly issues, and also a return of each de- of the burden—a burden, I admit, to be borne by them in scrip-ion of issue, distinguishing between the Si. notes and all very unequal proportions—of being prepared to meet the de those above 51. ; and also a return of the amount of gold held mad which any sudden political panic or commercial struggle by each, but that, of course, shall be a confidential might cause. I think this might be done to a very great ex communication to the Government, who require it be- tent without interfering with any one interest in the State, and cause they deem it absolutely necessary that they should without diminishing to any extent the legitimate accommoda be put in possession, of the fullest information of the actual potions which have been heretofore granted, or can be expected sition of each bank. The Government will also require the by the agricultural or any other interest in Scotland or in Ire fullest information in reference to the position of all land ; and, I do hope that, upon reflection, you will the partners of those banks, just as we do at present in permit the Bill t o b e pr i nted, that its enactments this country. Of c o u rse , es I h ave a l rea d y state d , t h e return of may be known, a n d w h en we next come to its consideration, 1 the amount of g o ld h e ld b y eac h b an k w ill b e a confidential expect that you Gentlemen of Scotland, and you Gentlemen communication for the use of the Government alone, and no pub- of Ireland, will admit that the Bill gives security to our lie use whatever will be made of it. But in case that any bank general circulation without, at the same time, affecting any of should issue beyond their limit, it will then be necessary the interests which you naturally and justly cherish.—(Loud to publish a statement to the effect that the Irish Bank has cheers. ) issued beyond the amount of specie which it holds, without at The Fight Hon. Baronet sat down at twent-eht minutes the same time stati ng t o w h a t amoun t, W e w ill pu bli s h a past seven o'clock. yig statement to the effect that the bank has exceeded its issue, After Sir ROBERT PEEL moved the resolution but we will take care that it holds gold to the amount of that Mr. CHARLES WOOD said that he did not wish ' to enter excess, and, of course, the usual monthly publication into any discussion at present, but he merely wished to will be made from the Stamp-office. Ido not know that I have ask the Right Hon: Baronet a question which would make the omitted any point that I ought to have touched upon; but if position of the banks in Scotland quite clear. With reference there be any Hon. Member opposite who has any question to to the 25e. bank-notes, he wished to know whether lbe . Right ask me, I shall be most happy to answer him, [Here an Hon. Member whose name we ceuld not them hem as int en d e d t o i nterfere with them, or to leave , em as they were? learn, put a q ues -i on to the Ri g ht H on . Baronet Sir R. PEEL said that he did not wish to prevent their issues, which was inaudibl e in the gallery.] w i thout acquainting those who were interested in the matter. Sir R. PEEL—The question put by the Hon. Member is, And though he thought it would be an improvement to sup if in the event of a bank exceeding its issue, would it be re- press the issue of 255. bank-notes, he would reserve to himself quired that the excess of specie should be exclusively in gold ; the opportunity of acquainting the interested parties. or, would it be equally satisfactory if part of it Mr. CHARLES WOOD wished to ask the Bight Hon. were in silver ? I beg to say that I do think Gentleman whether his int en ti on was to cont i nue the returns it would be of great advantage to permit silver to form part of of the Scotch banks as they at present were ; whether it was the specie.—(Hear, hear.) Because, in the first place, silver his intention to compare the monthly average with the will be a legal tender for any suns to le amount of 1/. ; and, in yearly limit, or whether they were to be called upon to make a the next place, it will be impossible for any bank to procure confidential return of the amount of specie which they held at all times, and if this monthly average was within the silver without paying the full value for it. It will greatly . . facilitate the commercial transactions of the country. year's limit it was to be considered satisfactory, but, on Mr. COLLETT—As the Right Hon. Baronet has alluded the other hand, if it was to exceed the yearly limit, to the issues of the Bank of Ireland, and as he is aware that it was to be considered unsatisfactory.—( Hear, hear. ) the amount of the issues has a material influence upon business The banks in Scotland generally held a quantity of all kinds, I would wish to ask him what is to be the extent of specie, averaging from one-fourth to one-sixth, he might say of these issues? one-fifth, of the specie which was in circulation. If he were Sir R. PEEL—I propose to subject the banks of Ireland to right in that assumption, that one-fifth of the circulation was the same regulations in this respect as those imposed by the at present held by the banks in Scotland, he would ask whe measure of last year on the Bank of England. 1 have stated ther they might extend their circulation one-fifth beyond the that the debt of the Government should continue for ten years. That will form yearly limit? necessarily a portion Sir R. PEEL said that that was th e pr i nc i p l e which of the capital of the bank. With respect to other portions of prompted them in England to issue 800,000/. beyond the that capital, I propose to place the Bank of Ireland precisely yearly limits, but if that were exceeded by 500,000/., then on the same footing as other banks. If they issue beyond they were liable. It was precisely the same in Scotland. the prescribed amount, I propose that they shall They dealt with Scotchmen in the same way as they did with only do it on the basis of the specie which they hold in their coffers. Suppose, for instance, that th e i ssue of Englishmen—they required that th ey s h ou l d b e responsible for the extent of issue. the Bank of Ireland should be 3 . 500,000/., and they p ossess specie in their coffers to the amount of 12,000,00 Mr. C. WOOD said that h e did not w i sh to argue th e ol., I would question, but he wanted to know whether there should be a grant them the privilege of issuing to the extent of that specie, publication of the average of each four weeks' circulation, and I would not permit them to issue beyond the prescribed amount except upon sound grounds. Now, I conceive that whether that was all they w ere t o h ave. Sir R. PEEL said that he had net entered into any engage this principle will be applicable to any other batik, as it ment with respect to the returns with any Scotch banker; he will give increased security to the country and tend to would reserve to himself th a t w hi c h h e might think proper to confirm the stability of all banking concerns to w hi c h it inquire into. He would requ i re f rom the Scotch banks the may be applied, and I am satisfied th a t it same returns as he required from the English ; all the neees will tend to promote the general prosperity of the banks sary information would be given, and the names of the parties both of Scotland and Ireland—that it will in no way inter- concerned should be published.—( Hear, hear.) fere with their modes of conducting their business, or Mr. FOX MAULE rose to thank the Right Hon. Gentle iterf wi the plen or order of those banks, while man opposite for the very clear and distinct explanation which will, at the same time, in no way prevent them he had given of the measure which he intended to bring before from giving the same amount of accommodation to them. He thought that it would be wrong in him to give any their customers. Now some of the banks in Scotland opinion under the circumstances; but be could not help already hold considerable amounts in specie. I believe saying :that it was t he b dangerous as they expected ; that some of the banks in Scotland do not hold a nd ha would wish the banks to remain as they were less, at the present moment, than one-fourth of their whole and that this matter would he settled upon amicable terms, and issue, and some not less than a fifth in specie. Now, let us without interrupting that confidence which Scotland had, in see what will be the effect of these new its long-continued and unimpeached system.—(Hear, hear. ) regulations on the whole amount of issue of He came down to the House under the impression that it would the banks in Scotland. I hold in my hand a return of the cir- be for the benefit of those who were interested in the measure, culation in Scotland during 13 months ending in March 1545, and that an explanation should go down to Scotland to that and I find by that return, that on the 27th April, 1844, the effect, without any ulterior steps being taken. With regard to amount was 2,714,0001.; in the week ending May 25th of that, his opinion was altered. He thought there could not be that year it was 3,041,000/. ; and in June it was 3,117,000/. ; anyt, objection to the Right Hon. Gentleman bringing in his and the highest amount which had been issued was returned Bill, and in its printed form they would be better able to judge for the week ending on the 7th of December, 1844. In the of it. Al] he had to say on the present occasion was, that on week which ended on the 12th of October, of the assenting to the introduction of the Bill, he did not conceive same year, the circulation was 2,987,000/, and in the they were bound to any of the details contained in it. He said week ending the 7th of December, in the same that it was not for Lim to enter into the particulars of the year, the amount was 3,486,0001., being an amount of plan. He did not think, however, that it would in any way excessive issue, in that week, of nearly 500,000/. I affect the currency in Scotland that it would not am aware that this appears an excessive issue from these banks, impose upon the banks of Scotland to hold one sovereign as compared with other b an k s ; b u t it i s we ll k nown t h at at that more than was necessary for their respaonsig tie thought And tanodughitt period of the year the i ssues are l arger t h an at any ot h er t i me. would not add to the security of the bnk sthose And in consequence of th e pecu l iar c i rcumstances o f t hi s from the way they were about to deal with establish country, I believe it is s f act t h at t h e i ssue i n N ovem b er ments that in this country Scotland, there would sooner or later be one and Ireland. He thought if every year amounts t o near l y h a lf a m illi on more bank of issue for England , than it does at a ny ot h er per i o d o f th e year . it was h i s duty, the Right_ Lion. dsuchan o Baronet at the head toef The average circulation o f th e S co t c h b an k s , t a ki n g th e total her Majesty's G amount of thirteen m on th s , i s 3,041,000/. That is re f er hi m to a workoyeorfnmoennetofhtahre a a i b ir l e est writers on currency ' the amount the Irish and Scotch banks are permitted namely, the Secretary for the Home dangerous Department, than suchwhichnt,inan it to issue. Suppo se th ey were a ll owe d 40 issue 500,0007. is is stated that nothing could more in excess of that amount. What they are required to do is, es t a bli s h men t. He would discussion lclask, till bef the time orehesat they dost sh n,p o o nl( - 1 merely to hold one-sixth o f their circulation in specie. If they poring a ll freedoma should hold the amo un t o f 3 000,000/. among them, they w i ll be h ave t h e Bill before them, whether oona capital con of o considering the enabled to i ssue 510,000/. above that sum. This t h ree million is the principl e u p on which the banks of England are r eg u- o f 100,000/. thatthau of ld be paid p that three millions, so limited in its amou n t, hated, and i s it t oo m u c h to ask them—retaining, as th e y do , was per f ec tly sufficient for the security of the extensiv e t ra d e the privilege o f i ss uing 1/. notes—that they s h o uld re t a i n ice of Scotland'? He would and another bank should ould alsoaskifanybank shoooultdefxaelleeshdoirtt, their coff e rs such a n amount of specie as that whi c h we ask? o f its monthly average, Suppose the w an ts of the c ountry sho u ld increase, w hether that should not be held as the test? He thought and that the circulation should reach 4,000,0001. that there three e l m d i i b i ieenasn, or aggregatewiia twhatever w a was average, the statedand that maximum, i f it did would it not be desirable to have such an amount of coin in not exceed h the coffers as would secure stability and prevent a disastrous it should be a proof that there was no excess. He should say shock ?—( Hear, hear.) There is nothing so delusive as no more than that the Right lion. Baronet, in his opieion, re ouß Lan in to think that this arrangement would cause inconvenience deemed the.pledge which he had made more in $ d t- ' - for the 't el o isc e r x etion they hi had used. If in the transaction of business. I will give you a good specimen substance. limited tlianks nature tto her of a bank conducted with due regard to this stability. A . bank ion Mr. CO G L o Q ve U rn ll m O e t n l t N observations of his Hon. of the highest respectability, and which is under no obligation Majesty's to contract its circulation, whose members are men there was to be an interference it shoul p ;h es e s of a s ELOPEMENT AT BRIGHTON.—A publican at Brigh of the highest respectability, an d . w hose business and from what he gathered from the o b ser • is conducted considered that er Majesty's Gov in a most unexceptionable manner— Friend he ' h • (government had ex- ton, of the name of Nye, eloped on Monday with the wife of a I mean the Provincial Bank of Ireland—that bank ercised a remarkab'y sound discretion on this measure and also penny concert singer, leaving a wifi and . two children to shift for is, as I said la fore, a most prosperous concern, and on that of the Scotch poor-laws. He thought that ' the ar- themselves. As soon as they were gone, three boxes belonging to attracts the general confidence of the public. Ido not by this rangement might act in some degree badly in dis- broken benefit societies held in the house were discovered to be A imply that other banks in Ireland are not equally tricts, yet that in towns the plan which was agricultural proposed.. was warrant has been issued for . Nye's apprehei c is o i n e t n a . i open, and their contents gone. One box solvept and res p e ctable ; b u t this i s the only bank which has perf.ctly fair. , He thout;ht that at certain periods ft would eunt of its cis culation The amount, press sorely upon the commercial Ani aeri •It r ' 1 Mr. 11 UM E would assure the 11 . ' ' furnished me with an am ctk Ural Interests. . c4peetin... .igut Hon, Baronet that he 1 fIEI:ILITN‘I of the issue of the Previncial Peek in Io lend, tel, nen the came don nto the How s e NOO I-) ! e )N are l a N tad r t A o N' nooth, Ws cireuirition up to tl.e first Saturday in Alarch, for f s,-,,,,,1 ~,_ O stateU R that O F a p T e lit t i F t i o nto n t GRANT h ed e t a w bo o T u to t h :11 - o e f A Parliament, in favour of the increased grant to K that he would do cessive years, and c•impasing the amount s eii enlation thaf lio wte e ld do mischiet, hat he was 1 ' - . given of its with the amount of specie in gold and slier,. hew Would be able t• - ti 'ow nenvoiced that he yesterday. Although no pubt.c ammuncemen including aneem-nt with the }link of Ireland,o tarry out ea the propo , ,als-extp , t thit in rabit number of names, more, a" been drawn op, and was submitted for signature r on sva :t a h 3 e Exchange by that bank, except an art* , , in . point already referred ta• It •d 1) h ' - manufacturers, who, }tiffs Klwa ; —Oa the first 'Saturday Starch, 1838, it h a d a appeate yt e emlenee t.s,a,n those of many of our leading merchants and from two intelligent* very e men, that in . t t , • existence, it received a conside Circulation of 350,000/. ;on the same day it held a deposit in goldtwo periods 'or the year, as a body, certainly when parties came doyen} ' exclusive meetings which b of 305,000/. , and in silver of 10,000/. , that is, 350,000/. in specie • - • the i • tO H ghlands for the putnioie.af. mitigated at the different . , trafficking, it was of ter auardran. have in 1840, on the same day, the notes issued amounted and Mrs. Dawson . 860,0001—the amount of gold lent by in the to I would not be limited to what was prosed. The Right Hon. . The Right • Iron. George . by the demise of . Mr George nne,ooo/., and the ameent of silver 40001. ; bank was i Baronet would find that in taking the averaa - s they were not -in 1841, the ' - vhich li . e BnStained. a heavy anlicti °4. - Rifle brigade their second do not participate in the _liii_be7i a l ve ir .... ..r. re ,-- 4 . ' in the rime amount of notes was te32 Mon , and the amouat of at all times equal. That was the olneetion s of detail -Beinsfoirtd, diedon Monday morning. He was p large an amount as 70,000/. beien a de posit silver £0 would make ; ar,d as it was a me" mact:i.erto it. ire soil, who having attained his twenty third year. The de in specie i he was sure the Right Hon, Baronetw l o o uld o had been gradually declining iii latilth of 391, 1 ;00/. Thus the average amount of concede than the ceased of ' gentleman specie retained in I defied the banks of . Sootland to issue the coffers of the Provincial Bankof Scotland would remain as it some months. Dawson, late of the Ireland was nearly 1 wants of the eole. The issue of to Ireland one-half of its whole eircteation, and th' b • is thought that it was , e-it remembered, was. Lie of great importance .!enseenentenewanesse that there be no increased issue. Ireland would then n♦ under the same system as Sewland, and he was per• fectly satisfied that they would-. have none of those ir r:,gularities wh;ch arose from the existence of monopolies.. Mr. BARING was inclined to agree with the merits of the measure of the Right Hon. Baronet, but he should reserve his opirli,n, , upon the details ur.t l aroth+•r stage of the. Bill. Mi. SIIEIL approved of the measure so far as it related to Ireland. Mr. WARBURTON asked if banks making an excessive issue would be allowed to pay their notes when 401. in value in silver? Sir R. PEEL replied that there would be no alteration in the present system of paying in gold. After a few Words from Mr. HUNIE and Mr. STEWART WORTLEY the resolution was agreed to. The House then resumed, when the report was received, and a Bill conforming with the terms of the resolution was or dered to be brought in. Y. On the o r d er of the dAayNOOTH being read for the House going into Committee to vote the grant to Maynooth, Mr. Fox Maule, Mr. Law, Mr. Stewart, Mr. Spooner, Mr. Hume, Mr. Bright, Mr. llnnerman, and several other Hon. Members, presented petitions against the grant. On the question being put for the speaker leaving the chair, Sir R. PEEL rose to ask his Hon. Friend the Recorder for the City of London, if he would consent to postpone his mo tion of , hich he had given notice until a later stage of the Bill? It was quite impossible, after hearing a lengthened address on so fatiguing a question, that his Hon. Friend could secure the attention of the Houee then, and he thtrefore hoped his Hon. Friend would accede to the gen' rat wish of the House, and postpone his motion until they went into Committee on the Bill. Mr. LAW said he was prepared to accede to the request of the Right Hon. Baronet; but stated that, in Committee, he would give notice that, on the bringing up of the report, it was his intention to move that it be received that day six months. The House then went into Committee. On the question being put that 30,00 A be voted to her Majesty, out of the Consolidated Fund, to defray the expense of Purchasing lands, and erecting such buildings as might be required for the College of Maytiooth, Air. LAW gave notice that on the bringing up of the re port, he would move that it be received that day six months. The resolution was then agreed to, and the House having resumed, the Chairman reported progress, and the report was ordered to be received on Monday. SUPPLY. On the motion of the CHANCELLOR of the EXCHE QUER, the House went into a Committee of Ways and Means, and voted a grant of Exchequer Bills to the amount of 9,379,000!. The House then resumed, and the Chairman reported ac cordingly. The Physic and Surgery Bill was after a short discussion read a second time. The College of Surgeons and Physicians Bill was also read a second time. The Infeftment (Scotland) Bill was read a third time and passed. The other orders of the day were then disposed of, and th e House adjourn e d a t fi ve m i nutes past Nine o'clock. PARLIAMEN TAR Y DIVISIONS. (From the Totes and Proceedings of the House of Commons.) TiluttsDAY, ArRIL 24. MAYNOOTH COLLEGE (GRANT FROM CONSOLIDATED FUND). Order for Committee read; Motion made, and Question propoSed, " That Mr. Speaker do now leave the Chair :" — Arnendment pro. posed, to leave out from the word " That" to the end of the Question, in order to add the Words, " it is the opinion of this House, that any provision to be made for the purposes of the present Bill ought to be taken from the funds already applicable to Ecclesiastical pur poses in Ireland," instead thereof:—Question put, " That th e w or d s proposed to be left out stand part of the Question." The House divided : MAJORITY—AYES, 322. Ackers, James buncombe, O. Martin, C. 11 - , Acland, Sir T. D. 1)u I're, C. G. Martin, T. B. Aeland, T. D. East, J. B. Marton, George A'Court, Captain Eastnor, Viscount Westerman, John Acton, Colonel Egerton, Sir P. Maunsell, T. P. Adderley, C. B. Egerton, Lord F. Maxwell, J. P. Ainsworth, Peter Emlyn, Viscount 3leynell, Captain Alexander, N. . Entwisle, Wiliiam Mildmay„ll. St, John Alford, Viscount Escott, Bickham 31ilnes, R. M. Allix, J. P. , Estcourt, T. G. 31ordaunt, Sir J. Arbuthuott, 11. Feilden, W. Morgan, Octavius Archbold, Robert Fellowes, Edward Morris, David Archdall, Captain Ferguson, Sir It. A. 31undy, E. M. Arkwright, George Ferrand, W. B. Neeld, Joseph Arundel, Earl of Fitzmaurice, W. Neeld, John Ashley, Lord Fitzroy, Henry Neville, Ralph Astell, William Flower, Sir J. Newdegate, C. N. Baillie, Joseph . Ffolliott, John Newport, Viscount Bailey, J., jun. Forbes, William Newry Viscount Baillie, Colonel Forman, T. S. Nichol?, John Baillie, 11. J. Fox, S. L. Norreys, Lord Baird, William Fremantle, Sir T. Northland, Viscount Baldwin, B. Fuller, A. E. O'Brien, A. S. Itankes, George Gaskell, J. M. Ossulston, Lord Baring, F. T. Gladstone, W. E. Oswald, Alexander Baring, Thomas Gladstone, Captain Owen, Sir John Baring, W. B. Godson, Richard l'acke, C. W. Barneby, John Gordon, Captain Pakington, J. S. Barrington, Viscount Gore, Montague Palmer, Robert , Barron, Sir IL. Gore, W. It. Patten, J. W. Bateson, Thomas Gore, W. R. 0. Peel, Sir It. Beckett, William Goulburu, Henry Peel, Jonathan Bell, Matthew Graham, Sir J. Pennant, Colonel Belibow, John Granby, Marquis Philipps, Sir It. B. Bentinck, Lord G. Greene, T. Pigot, Sir R. Beresford, Major Gregory, W. H. Pluniptre, J. P. Bernard, Viscount Grinisditch, T. Polhill, Frederick Blackburne, J. I. Grirnaton, Viscount Powell, Colonel Blackstone, W. S. Grogan, Edward Praed, W. T. Illakemere, Richard Hale, It. B. Pringle, Alexander Bodkin, W. 11. Raiford, Sir 11. Pusey, Philip Bolder°, 11. G. Hamilton, J. IL Rawdon, Cennel liorthwick, Peter Hamilton, G. A. Reid, Sir John Bottield, Iteriali Hamilton, W. J. Reston, G. W. J. Bowles, Admiral Ilaini ton, Lord C. Richards, Richard Boyd, J ohn Hampden, Reim Rolleston, Colonel Bradshaw, James Hamner, Sir J. Round, John Bramst on, T. IV. Harcourt, G. G. Rous, Captain Brisco, M. Harris, Captain Itumbold, C. E. Brbadley, 11. Hayes, Sir Edmund Rushbrooke, Col. Broadwood, H. Ileallicote, G. J. Russell, Charles Brooke, Sir A. Ilcatheote, Sir W. Ryder, G. D. Browne, W. lieneage, G. it. W. Sanderson, Richard Brownrigg, J. S. Henley, J. W. Sandon, Viscount Bruce, Lord E. Henniker, Lord Seymour, Sir H. Bruce, C. L. C. Hepburn, Sir T. Shelburne, Earl Urn, n, Colonel 'Herbert, Sidney Sheridan, It. B. Bruges, W. IL nervey, Lord A. Shirley, E. J. Buck, L. W. Hind; J. H. Shirley, E. P. Buckley, Edmund Hodgson, F. Sibthorp, Colonel Buller, Sir J. Y. Hogg, J IV Smith, Abel Millbury, Thomas Holmes, W.l'A'Court Smith, T. B. C. Burrell, Sir C. Hope, Charles Smythe, George Burroughs, li. N. Hope, Alexander Smollett, A. Cardwell, }Award Hope, G. W. Somerset, Lord G. Carew, W. 11. P. ' llornby, John Somerton, 'Viscount Carnegie, Captain Hotham, Lord Somes, Joseph Castlereagh, Viscount Howard, I'. 11. Sotheron, T. H. Chapman, Aaron . Hughes, W. B. Spoolu.r, Richard Charteris, Francis . Hussey, Ambrose Standish, Charles Chelsea, Viscount Hussey, Thomas Stanley, Edward Chetwode, Sir J. Ligestrie, Viscount Staunton, Sir G. Cholmondeley, 11. Inglis, Sir It, H. Stewart, John Christopher, It. A. Inuit, Samuel Stuart, Henry Chute, W. L. James, Sir W. C. Sturt, H. C. Clayton, It. It. Jermyn, Earl Sutton, 11. M. Clerk, Sir George Jocelyn, Viscount Taylor, Edward Clifton, J. T. Johnstone, Sir J. Taylor, J. A. Clive, Viscount Johnstone, llope Tennent, J. E. Cockburn, Sir G. . Jolliffe, Sir W. Thesiger, Sir F. Codrington, Slr W. Jones, Clytain Tollemache, John Cole, H. A. Kelly, Fitzroy Tomline, George Colebrooko, Sir T. Kemble, Henry Tower, Christopher Collett, W. It. =night, H. G. Trench, Sir F. W. Colquhoun, J. C. Knightley, Sir C. Trevor, G. IL Colvile, C. R. Law, C. E. Trollope, Sir J. Compton, IL C. Lawson, Andrew Trotter, John Connolly, Colonel - Letroy, Anthony Tumor, Christopher Coots, Str - C. H. Legh, G. C. Verner, Colonel Copeland, Alderman Lemon, Sir C. Vernon. G. H. Corry, Henry Lennox, Lord A. Villiers, Vlseaagt Courtenay, Lord Leslie, C. P. Vivian, J. Enuis — Cowper, W. P. Liddell, H. T. Wellesley, Lord C. ('resswell, Baker Lincoln, Earl Whitmore, T. C. Cripps, William Listowel, Earl Wilmington, Sir T. Darner, Colonel Lockhart, W. Wodela use, Edmond Darby, George Lowther, Sir J. 11. Wood, Colonel Davies, I). A. S. Lyall, George Wood, Colonel T. Dawnay, W. 11. Lygon, General Wortley, Jarnea S. Deedes, William Mackenzie, T. Wortley, John S. Denison, E. B. Mackinnon, W. J. Wrightson, W. B. Dick, Quintin Maclean, Donald Wyndham, Colonel Dickinson, F. IL M`Geachy, F. A. Wynn, C. W. W. Douglas, , Eir 11. M'Neill, Duncan ' Yorke, E. T. Douglas, Sir C. Mahon, Viscount Douglas, J. D. S. Mainwariim, T. Dowdeswell, W. Manners, Lord e C. S. Drummond, 11. H. Manners, Lord J Dugda;e, W. S. March, Earl Tauzin,. Young, John Baring, 11enr7 MINORITY—NOES, 148. Aglionby, R. A. Easthope, Sir J. Mints, G. F. Aldam, William Ebrington, Viscount Napier, Sine. Anson, Colonel Ellice, .Rt. Hon. E. O'Connell, M. J. Armstrong, Sir A. Ellis,Wynn - O'Ferrall, R. M. Bailie, Walter Elphinstone, H. Ord, William Barclay, David Elwell, Ralph Osborne, Ralpk Barnard, E. 0. Evans, William Paget, Colonel Bell, John Ewart, William Palmerston, 'Viscount Berkeley, Craven Fielden, John Parker, John Berkeley, H. F. Ferguson, Colonel Pattison, James Bernal, Ralph Fitzroy, Lord C. l'echell, Captain Blake, Mark Forster, Matthew Philips, G. R. Blake, M. J. Gibson, T. M. ' Ponsonby, Q. F. A. Blewitt, R. J. Gore, Robert Protheroe, Edward Bouverie, E. P. Granger, T. C. Pulsford, Robert Bowes, John Grey. sir George Rice, E. R. Bowring, Dr. Grosvenor, Lord R. Noche, E. B. Bright, John Guest, Sir J. Roebuck, J. A. Brocklehurst, J. Hall, Sir B. Russell, Lord J. Brotherton, Joseph Hallyburton, Lord Russell, Lord E. Bulkeley, Sir It. Hatton, Captain Rutherfurd, A. Buller, Charles Hawes, Benjamin Scrope, G. P. Buller, Edward Ilayter, W. G. Smith, Benjamin, Itusfeiid, Williatn Heatlicoat, John Smith, Vernon Ilyng, G. S. Ilindley, Charles Stanstield, W. R. C. Carew, B. S. liohhouse, Sir J. Stuart, Lord J. Cavendish, C. C. Holland, Robert Stuart, W. V. Horsman, Edward STtirisicrkultallyid,irShiormGaa. Howard, E. G. Strut t, Edward "1 1 1 1 1 : u 'I I v l i l ' 1 71 j : Viscountro)s: Joseph p A l h den a n Tattered , l'ra ill ,Gtx) ll r * g \ eV W. Christie,(. C hapman , uelldilh%',B( G. . 11' Clay, Sir W. I , ni l a' Pe nr y ' \l l l N ' ; u l:a f ai t ri i :b e ry l iu l : r: t J 1 4 1: ill Charlesr.r. Cobden, Richard Trelawny, J. S. Colborne, Collett, jo l h i: ; li. 3 1 Ln i a u nbo t i t e , us IV hl i eN ll r i ii, a . Troubridge, Sir R. Collins, William Corbally, H. E. Lam tort, H. r j a . , i :laior , , try Craig, W. G. Langston, maenama Tuite, H. M. Currie, Raikes Leveson, Lord DC D ua i nt : l-cis u n : 3 l7e .L , oiClra.dptain l: s.. 1 1 : 174: 1 „- a a 3 rt .' ,l'S'ilrtj. I ):N \ r ' , : l ' il t i i s s t i l e e l , I ,,e ' S a::1 1 ' n:: , :e 1 am :I\ ll l ll a au l r i js g ol l r e ai s lb , l a, HlNlkV.spilliSan 1 1 1 , N lilde, Sir T, Nlatrrsland, Henry Denison, W. .T. 11 1 1 : : : e u l i s n i lh i i e t : i , ( li i n ::: i d t j o ' i o t i , (ll : l.l III': Worsley, Lord D'Eyncourt, 'Williams - vim Duke, Sir J. \je:i.scrro.tint 3 31 ' i t e t ilt : e j , ohn HenryoQd, Charles Matheson, J ames Vorka, 11. R. Dundas, Admiral TELLIAft. :Mitchell, T. A. Dundas, David Ward, H. G. Morrison, JaVes Berkeley, Captain In the present Major_sity o .' . - ere were 124 Members who voted in the Minority on the Sewn:, neading ; and 38 who did not vote on that occasion. 1 , 4. voted wi th. Minoritv 99 supported Mr. Ward's motion who „, ,i•- ) :''.t Ministers on 'the Second Reading; and 27 who west "o s°. :lt. on the previous occasion. We are requested to state that Mr. Bannerman's name was acci dentally emitted in the Parliamentary List, that gentleman hating voted for Ur. Ward's proposition. AIAYNOOTII. The Earl of CLAN CAR i Y presented a number of peti tions from Athlone. Kilmore, and several other places in Ire land, against th , grant to Maynooth. Lord DACRE presented several petitions froio Birmingham, Handswoith, and other places in the neighbourhood, to the same effect. Lord CAMPBELL said that, in the fulfilment of his public duty, he had felt obliged to present several petitions against the grant to Maynooth ; but he had LOW the pleasure of presenting one from Porto Bello and the neighbourood, in favour of that grant. Petitions were presented against the grant, also, by Lord Monteagle, the Duke of Richmond, and by the Marquis of Breadalbane, from a great number of the congregations of the Free Church in Scotland to the same effect. The Bishop of DURHAM presented various petitions from the Archdeacon and clergymen in the different parishes in his diocese against the grant to Maynooth. Lord KENYON presented petitions against the union of the sees of St. Asaph and Bangor, and praying for returns of what the clergy received in those dioceses from 1835 to 15.45. Lord NORMAN liY presented a petition from a parish in Wilts against the grant to Maynooth, and also a petition fru* Droitvitich, in favour of the establishment of local courts for the arrangement of small debts. ECCLESIASTICAL COURTS. Lord COTTENHAM presented a Bill for the consolidation of the Jori,diction of the Ecclesiastical Courts in England and Wales, in conformity with the reports of the Commissioners in 'f ne Bill was read a first time. INSOLVENCY ACT. Lord BROUGHAM presented a petition in favour of the revision of the Insolvency Act f: om the traders and merchants in London. At all events. there ought to be something done in the present sess ion of Parliament to relieve these tradesmen, and unless somebody else came forward to do it he should feel it to be his duty to apply the remedy. He would much rather, however, that the remedy should come from a recommendation of their Lordships' House. Lord COTTENHAM did not think there was any necessity to make any inquiry into the suhject, because it was suffi ciently plain that the operation of the 20/. clause-- Lord CAMPBELL had received numerous applications to bring the subject before their Lordships, and he was glad at what had fallen from his Noble and Learned Friend (Lord Brougham). Still it would be much more satisfactory to him, and, he thought, to the country, if the Government were to try to propose a remedy. The LORD CHANCELLOR said his N. ble and Learned Friend's Bill was sanctioned by a Committee of their Lordships' House, and he would suggest that the Bill itself should be re ferred back to that Committee for reconsideration. . Lord ASHBURTON said, that in legislating upon this subject, the House had displayed a reckless want of considera tion for the chief sufferers under the law, viz., the unfortu nate creditors. He concurred that some remedy ought to be introduced, but was not desirous of returning to the old system of imprisonment for debt. Lord BROUGHAM was understood to give notice that cn a future day he would move for a Committee to inquire into the operation of the law passed last session. The LoaD CHANCELLOR had no objection to the ap pointment of a Committee, and remarked that if it turned out that they had gone too far, it would be necessary for them to retrace their steps.—The subject then dropped. AI A YNOOTH. The Earl of WINCHILSEA presented petitions from Pat ton, and several other places in Northamptonshire, and from Spittlegate, in the county of Lincoln, against the grant to Maynooth. The Marquis of LANSDOWNE presented a petition from St. Leonard's, in Wilts, against any provision for the education of the Catholic clergy. He also presented a petition to a die ectly contiary effect from a considerable number of Protes tant Dissenting ministers presiding over the. Presbyterian con gregations within and without the cities of London and West minster. The Duke of NORFOLK presented a petition from the Roman Catholics of Lor.dote Liverpool, Cheltenham, and several other places in England, praying that the Legislature would pass the Bill for making the grant to Maynooth, ant thanking the Government fur the introduction of the measure. Nut having signed the petition himseS, he would take that opportunity of thenking the Government for the consideration it had shown tie. the necessities of his Roman Catholic fellow-subjects in Ireland. The Marquis of LANSDOWNE said that since the time when he had the honour of introducing a measure for the relief of his Roman Catholic fellow-subjects from all civil disabilities, some sixteen or seventeen years had elapsed. During that time the Roman Catholics had been admitted to seats in both Houses of Parliament, and many other effici s in the State, and that, during the whole of that time, not a shadow of blame or imputation had been brought against them. What he would ask was the reason for this ? for there yr:is nothing in their peculiar education or social position which could have placed them in the honourable position which they held in the country. It was their sense of duty alone that could have secured it, and he now, on the plea of this conduct, wished to extend the same advan tages to their co-religionists in Ireland. The great portion of the population of Ireland must lonk for religious instruetioe, and it was the interest of all that they should receive the best religious instruction possible. Having for many years been must anxious that a measure of this nature should be adopted by her 'Majesty's Government, he was prepared—now that they had adopted it upon their own responsibility, and above all, when he perceived that by so adopting it, they had incurred a certain portion of odium and responsibility—he was prepared to say that he was ready to claim his full share of any such odium and any such resuorieibility.—( Hear, hear.) He not only agreed with the principles of this Bill, but he thoroughly and entirely approved ut the particular provisions contained therein.—( Hear, hear.) He by no means under stood the objections of those who were opposed to it on pecuniary grounds. lie did not stand there for the purpose of saying that the Roman Catholic Establishment could never be made subject to the Slate; 'but he would say that the connexion of the maintenance of the Roman Catholic Church with the reduction of the Established Church would give rise to great inconvenience, inasmuch as any future want would give rise to a corresponding reduction on the other side, as it would then be considered the only fund from which it would be right todraw. He considered that two objects would be attained by the Act, or at all events by the other Acts which would follow it, p a r r i o d , e h m e e t n r t u s o t f e d t h t e h , _• p r e e e p ee l e o nl d of I h r e ei a o , n d e . t t he he i fi n r t s e t l I e p c l a t ti i In e ea! them Bill would be doing an act of kindness in a way that would be the most satisfactory to the Irish people; and in the next place, it would have the effect of greatly diminishing theological conflicts in both Houses of Parliament. The Marquis of LONDONDERRY presented a petition from a parish in the county of Durham, signed by the wh o l e g o of its adult pop u l a ti on , consisting of thirt , y-five persons in favour of the Bill, and t wo petitions from the county D o w n aga i ns t it. v T is h i e ted N l o r b e l l e at, A d, la s t h qu e i w s c o o u n ld el m ud e e e d t h wi y th saying th a t, if h er M a j esty that she dt yet tell cordiality visited.than been shown her in any coun t ry The Duke of WELLINGTON—I will The Earl of SHREWSBURY expressed his her so to-night. concurrence iu which with the measure, and his gratification with the manner it had been received.—The House then adjourned. HOUSE OF COMMONS, April 25. The SPEAKER took the Chair at Four o'clock. The Paisley Gas Bill and the Fo:ilmire Inclosure Bill were read a third time and passed. BIRKENHEAD, MANCHESTF.R, AND CHESHIRE JUNCTION RAILWAY. Sir P. EGERrioNmoved that the Birkenhead, INlanches ter, and Cheshire Junction Railway Bill be permitted to pro ceed, the promoters being required to introduce clau,es pre venting them from taking the property of Mr. James Stanton, in the parish of Runcorn, without his consent, and from taking any property in the parish of Ince, for the purpose of construct ing the branch railway from Elton to Upton. Mr. ESTCOURT said that the effect of this motion, if agreed to, would be to overturn the decision of the standing orders of the Committee, and therefore felt bound to oppose it. A discussion then arose in which Messrs. Tollemache, Dlilne Gibson, Verner, and Smith, took part. Lord GRANVILLE SOMERSET believed that it would be mischievous to allow such a precedent to be made, and he trusted the House would resist the measure. Mr. DUNCOMBE said that this was a case in which they might allow some relaxation to take place. Mr. A GLIONBY thought that, as the standing orders had not been complied with, they ought MA now to proceed with the Bill without the means of inquirin g into it, and they ought not to go into any general notion of what was good. The House then divided, when there appeared— For the motion Against it Majority —ls On the motion of Mr. HAMILTON, the Dublin and Bel last Junction Railway Bill was read a second time. On the motion of Lord BERNARD, the Cork and Bandon Railway was read a second time. Colonel PEEL presented a petition in favour of the London and York Railway. Mr. GROGAN presented a petition from the Right Hon. the Lord IN;ayor of Dublin in favour of the Pipe Water Bill. AGRICULTURAL AND COMMERCIAL BANK OF IRELAND. Mr. GROGAN moved the second reading of the Agricul tural and Commercial Bank of Ireland Bill. Mr. WATSON opposed the second reading. Ile said that, in 184 the back stopped payment. The managers then applied to Parliament for a Bill to enable them to wind up their affairs. They had taken no satisfactory steps to carry out the object, and he did not think they had any claims to come be fore Parliament now. He concluded by moving that the Bill be read a second time that day six months. The SOLICITOR-GENERAL suppported the second reading of the Bill. The object of the Bill was to enable the Committee of Management to call upon individual share holders to contribute equitably to the liquidation of outstand ing liabilities of the concern. His Hon. and Learned Friend said that he objected to this because it was a partial measure, and that a general Bill for Ireland should be introduced on the subject. He (the Solicitor-General) admitted the validity of this argument, but as he did not understand that any inten tion existed to introduce such a general measure he sup ported the present Bill. The question before the House was whether the present measure was in itself desirable and just. He thought it was, and therefore he supported it. He put it to his Honourable and Learned Friend whether, under the cir cumstances, he was not prepared to let the Bill go into Com mittee, and if any person could then make out a case against it, an opportunity would be afforded to such persons for so doing. Mr. BARRY BALDWIN objected to the second reading of the Bill, which, if it were passed, would afford to unprin cipled persons an opportunity of ruining innocent parties. Strangers were then ordered to withdraw, and the House divided, when there appeared— For the second rf ading of the Bill ......... (9 Against it Majority in favour of the second reading 11 GOOLE AND DONCASTER RAILWAY. Mr. B. DENISON said that, on the 21st of April a pe tition had been presented, by the Hon. Member for Berwick, against the Goole and Doncaster Railway. That lion. Mem ber was ill, and, in his absence, he moved that the petition be referred to the Committee of Selection on Standing Orders. —Agreed to. The Host, GENTLEMAN then presented vie t eal petitions in favour of the London and York Railway. Sir J. TaoLcorE and another Host. MEMBER presented petitions in favour of the Lincoln and Cambridge Railway. Mr. BLEWITT presented a petition against the South ampton and Dorchester Railway. On the motion of Mr. COLLETT, the Wexford and Carlow Railway Bill was read a second time. _ _ FOULMIRE INCLOSURE. The Foulmire luele ure Bill Was rend • third time and passed. CAMBRIDGE AND LINCOLN RAILWAY. The CHANCELLOR of the EXCHEQUER presented a petition from the Vice-Chancellor and Senate of the Univer sity of Cambridge in favour of the Cambridge and Lincoln Rail way Bill. NOTICES OF MOTION. Mr. MUNTZ gave notice that, in the Committee on the Bill for regulating the practice of physic and surgery, he PlMild 149Y9 the iincrtion ofd clause making it imperative en