The Sun. — London, England, 1811-07-16 00:00:00

a'. , h I,T • , 4h 'g i C l i (1 br f hoWeirer crimlrisis !erg io this. sta.,e !,'P l. .9 s ilerilr: ' lirjlegrees that which passe/11'ot ; a • ' ' '', e `P u lgi iii;tead rit...'afipeniti'g . white ) , began to db. - - c''''nle.',lliyles of -Ivey. - Front grey it mado a Itativitioalo.hrtictt, and 1! , ..t of ail the copper it ' elt. ' 11. 4 1 d! 1 . 11 . ap, ear;itice...f, :' W - di illen Itninci I,e• r ess. "l 14! ii,tte,iispr,,ciaitt atio-ii in ovei -rale the.opp i ' i tioll'al llte p...,tiple,' and make i , is. base: o intrY 1 . 4 . ''''l te1'aii... . ,111.14- colisitt.:lice.w.as,, in all jutore , 'Lc'utl as.ttu: law et warinzunt was not introduced.. tue l! rict !fif all commod.ttes. were tn hanced in pro.. portion a$ i lie kilsaley.wAs..debasud.. Such . would'be the iiitiatiou in tviiivlr I his.oltintrY wn"o. probablY . ~,''.'" after the adispt•on of .the measure then under mi'" "' :o 4,, lite plan of. VrederiC;had an adt,iantage :Il'. y 'r this pr!,,jev.t. Tliii was not discovered till about Y. e4 r 1%4a -half after it wuresor,etl 10 4 41 0 i t was 4 ' 4 ‘441:1e etheitey tot 3 WO or Wire years. "I'lm-ma. titre tote adopted. would wive no. such ad • , 4,t e . 4 it *as seen through at once,., firs differed .. ,44.191,uurs very.inaterially. The one' was a case ,of ,t, '"l l et i lir aliti, die °dirt resembled privately steaiing. • ih i ., c ' t ' 8 "' 1 "' 01 policy ha:l ever .• een copsidered as iii t . '"44 tratiautent that could be- a,,top.,d ;- and W ti ' S ' • 1 ti lit " 41111114;M 110 w. to be iticu , cated in this coon•. t: t Y) , whrre Pll 'ell iir'illpey cif . 'pi incipie bad ne er (,:,, i tul. t tted before ? Oli 11 4 s. occasion lie fe.4 not 0 l'il '041,4614;411d the Parliament, but fur the lit r t i icter t 'l the la* i,srlf, Which he wondered as i ro _ l 4ll tr tioin tiUCli an .erronecius,policY• He •;'„.,.. / ;; e( I Ole warning which had been - given to Mi ,5,1111,1'' w(h111 hue its proper. effeCt , and that theY t[,:, " ' I ll". tither than the I,rit:k 'on which th . y n u -,,',. '4 ' 44 '‘el it It) warning could. deter ;twill 14).4_6,.41411Y prt,,e,,di..114 in their course-41 no re , ri,,,,,-:.1,1i.....4 ti.,. danger could che.4:6, ancrn° a`r* mt-l'itiiiiitt reatriti them in their course—with deep 111 c ' t li c . 'wy, 11C should augur ill to this'codotry, and • ";k. ifltutti '0( tn. • - tualetioeuueut 01 a ft . .* i t -i u. 4 ) MOUS 4 lt) , • • ' Alf, !I t • .. ' ' • l iad t,tv LNlt' eltaraaerised those' deinan4 . wh!cli p uies , " " 14 0, of ii:tytnent: in cash itiale%ld 01 83 " feu ;,,,,531'04 itulta in .bullion. The Bill, he con it ,vivi.',' "%lid du little more than leave the lawe the ./„..4a tt.l derst.,, ! ,l t u ~,a rki bciore iliedec;ijou or toe "" - e et on th e c, ‘,., e . 1 .1.). 1 ollgft . tie approved 01 the Llti;, , m,I ,•.t b t priiv e d ti ". t.te c tedut.t ot Goveroirbont, which. . Wore, it,, l ,„ ' '' '' ' - '''` l ii l lg 3 n . go any reasonable length le i '-) w0'413 LUi, At? t‘i make Bank ootes a • Ea tender, Wh it . . 014 its 8 Irik . e 1 hey.bottele..l the . taxes ;o tic t ; ,, a141 tit . : 'i r , 11 ,., (4, ,; 5 i it tva, their duty to goard .. ,,"' 1 ( 1 .t 40 " 4 1 : -.6 4ePrtelatell. .11 , was. not intend v.: at, un ', .t"''''''' it ~ girt. kluter, it i he s-ey,ij cnol'i 14,,,ii::":1'7Iiiltletrieu,i.k was. „ill ii,'e. (lc d, it ntaiiy tat,d ii.iieri ~t, r ,, , td K‘l'',.- i i n uciple..drtemicd by ilie. , 7 1 8 ,:. 11,iry 4 ) „ v : it 4 '''4C4 t otittul,... rendered it net, ii. 4 ii,I,H, itute(lti•lzlhatits.a.p. y,,,_irolnry •Ir"lit r"'"*"—: g a , i '' l i 4 ltri t .d b„ ~I lici ° eve, , becutne .liec, ssary, 3114 , tiIOW . p v , 4 ~ I . "le latti.,t reyolutioria.ry France, fi . „ . • 3 - I . 01 nii,',l, ii41,,,,„,'. ~,...a xe ft Inin tilicb ;01..'iLito •-, . ' '' --LL ..) , tau. ' 'fh re •• . I verelt„,,,,i; e i , , , %4liiist Lie spreaulirs:trvii,, e i . i.., i • ('.' cal..s which tenki,,ri'd the Ball .11,p , ~ 1 r 4 ,4 4 oeyn • cf4:,..1',.t0t1: il„,.,:ird.of ,i.cii.i,e'lii,l,,vii"Ci.i. a h:;riaind ; d i been pa : d yt utd, iu, 4 0u1.'.- The fi lst - bundre . . ceeteit to i ‘ i„ r ,' - ' l 'ele., ano the bu)'er . h.-cl then pro ! I,i-yhvi J. nut cote‘id,r4ble same. Of il)(Illtdy 00 hid tilrLhaier.",i. Wil 'eli, .t .6e temaityng SOW of the tould 11" "`"Y had t)e.., i.. - .d 4 1 1 eioh " He - %hi t troy i : .. ,-, I t in , iti 5 n, ... 441,-..idit.N,, i le.i ''` iii d'-)e-tion.of .4i clAtit• iglu 41•L'e. • 1/44,14.0 ._4 iip.t 34 1. , e ou any person imentling , i , ~. 4i t , h aiiiii Y i tteitt- -ti cash, to give . a pyi_hC ,n , , t ice ii4 voV6,,„ " , Il i s o 4 . 1,141.4 ilk's : other ,-, 1 (fr tY .rn'itni 1 44 th,itull'erttthi4 01 611 r ellitiit , tor • a'..y . 'shale iy,.relilli,,,,lnt-t beet.B44y, if such a .. ,cond,tion 111144 btZti• Ater the b„ . 11 1 ,;„ 11,.p„tt apakifter 'tvli4lilt, kris 11,4 lite Litt,. uh,,,,,, ,f the tunes, ! lat te'e,, l ll i l li t e ) ' i v ett-, cnut-i, tilide, all i ;id circ'uiti -„''octntauc, ~..('“.. • ‘) diet v. iihi;ut . ,opW . taxation, "II tvi kt 1,6 7 .I...urti liing Was Irwin ,eoraotclin try. °4llll la D. , '. - I , i , l ' e I ,'''t 'he Nt-ble L.,rd regulated iris bey.o ot4 , ;,,' l „ d; '' l "I's lax.c. I.; GevellawtitT Act 4 ..titki, t ,i,,, ha ,. .. 10 nine nib. arse, s- out ; 'of refit, ' his a t 'va , , e4, ll , a i (1.)1d.(1 thrill iri• Bank notes; Fir Wag t (31 " a leg'4l, tet ' e in ihc Ail'. which ..made „Batik. tonrodett it ... • 4"' to- Li x.gar herers )-', r. ui Still 'lle , L tlt %hood it - 44 ne'll Meallt 'hat the 0 JAC rekre lor A i , : 4er,,: :leitlit,rned Ly a leas !will beinglakr it 124 "it• vi-1.::,10-::litie.t4rt!Irntett.h".slaaii" ltlh. eiftirnfdPi°C-I''"ign? le% 'ilkettlb,,t l ,ett t,„ alinwitlNititg,,,elGovotbilieht w Welt he r ~ 'lt 41 d Sil , 'l ' l' .1)4L .' 18 otcr nun ? The Pt . per y . diiii. s; but I T 041,1,4 kiiew. ‘t ere ad valorem .1241(1 Eli,: mi,er il t . a v :, -( 2 "11 :' 11 k , if his I ord.try had uot Z TV ililili, 4, weii7..!:!lnlit, on her, L s, carriages, an d tl 4 t 6411 . t:oalia ed .. n y .t. l rho u t , the nereAat les . of . lit , I : 4 de ft ci i t ,t I " S ' l eas &c . irt...hat lie considered oi l acti,,all,. ad .t.1.11rt.n c .„ ,.. . . f ! , boar taxes . which were Iti o tit 10,111! rnrorein ta xei • anionnted - annually to t r4i ii let', they 00,,,,45111.! Acottditig, to the modern bitch,lepririci/,le O t ' f ° he lkilistd to fifty millions.— ,wtious..o4,Lontended for was collet - I, this must . ...asytttlich, h e, ive it 'must; be seen, that there itx , , l. wcros rk,This4loti of ten millions annually in I s , s 7 L 'intt l .i rl le (4ovizmnient Wait content to receive ri,,,, `' , l ' tord.,P9er, it tit Quid only tie following the , Iv ,; *at tit ' 41'i p r inciples if, where the'tena n t' s auraee Calleiilit'd in c 'fill, 'the 'landlord's taxes 1 , veotti t t b ur itt htilltAt• Stith a• measure he was :+a ,t f t , e Mit. atil he though , it Would be sa rv7 tile so,,,:rB"otild be sorry•it. Parliament separated ilt, 4114"'itn,er Without making' some . such toad s l 'ezld " 0 4- thertlore Called vputi his 'tight Hog . . "Itie sur,i '4,',F,tiardieri•uf the' public, to propose N kithy - ' tbeastir‘ - . - - 11, 'ail:, wh a , tn• behalf of • the people. He o r , Pte . ii n i d ' made the Neble Lord a 'richer man I.4:4lkisud .''' 01 equally extensive estates in Italy 20 .41 • 91 t btith i l. Il w o lE9rn Abe security he detiy . sl t o Y e 46 p ur,:i "Y °I .G9v,rnruelit, which gaVt3 hint, tt l a , liltl i i . i to, Ill.il,t's when elsewhere he could.hlY' t,;,`".4.this.ut.i„. tior his owl, part, when he come ,l)l.Ye'cl i ur : i!t.itil,tcd Profits the landholders had e drii 414 t ' ' it •nei of yi..arsi ire could 0 01 by any it title f.,,,i)e!teelly sgistieewithout ext . ressi% his tPir,.tt. 5 1it. 00: 41 % . 11 1 e , l'At., l.iiiiend- of outrlplatning of any 4 : a io 1- .4*;4411. He imputed ao,tittproper Illa- Fr, 3 4 4 v ,41.)1, I .iiii rt e . . - . L. e I•l„d i,r,l ~.. was tat Iron) bcitig an op• Yettittrt,i.,," • He kneW . the heart of that N'Oble xl,i 44 ''' getnl'e •;111 his attainments ' , 4. hu,,10 it ...._ 4 were high ; "4 b. , vimet,al from itinviell that he (Ligd t tut isellie li ‘ e e e n t t it '.' ::: , a4 ':" ni alt 1t he conceived to he h _ a.tid e„,,, 1n . 4 ' l oll. : The-tub:TF*4 of agricut. • Y Eh* 1.... Le I'Vt'te 4111014lailly boUnd 'OOP her ti t ih,,, - . -r , , .u. ,tiature I ' ctaintru , - t Was be interest of both • • hs,::*it),aii to ' . : til u o3 l) . l .. w i !tl .I,lw present System, wh i c h v..:,, tt,,,ite tin , 411 cusses of the communtty, Tr Ili,tl wi ‘ ., , Oilltl'aint•wer the description- given [ 1 11 w. En .1 is‘ .. 411 vvtl ' 1 . -4-J , Jo'i • '' lb kt t i, . ' 4 nsPlip Of a pertatt 'Com . i • ig A boated that sitnatiouot 'lllititii ?vlite.P 4ive tbe )owest orders of.. society .an in terest 'in. the Sta,te. l ` :rhe -Hon.% Geudetnan . ap 7 proved.of idle , liilLas far as It Went, and ' would give 'it his `support,. •S r T.. Tu ityn tv opposed the Bill,. as tending 'tr . ) create th:it, ctepreciation whtch it. was its objet to prevent, lie did not .approve pf the line of conilutt pursued by tort King. The Right lion... Gentleman had said it had beets eptintenanced by many; bnt he would ask it it h,id been imitated by any one? It' a tenant :t ,had been called `upon to pay .171. tus. oer i cent. more than lies had t ontraCted to pay, he would (lave . refused to comply , with such a demand. The landlorcrinight have distrained ; but would that have answered his purpose ? What 'Ceuta he get in inch .0 case, bat that whiat he might have obtained in a nother waywithout Ihatlrouble ? It had been said -that it vas an act •of gross injustice to prevent a landlord's getting his rent.; but when.; he .would ask, Could they find a,grosser ad of injustice than thatj _ of sending ; a poor tenant ,to ail for not paying in guineas, when be could , noisget them to pay It h ad been said, the : farmer might purchase bul lion, and he COutd,easily get it coined into guineas at the not, tree of expence. . Really ! (exclaimed the Hon.—Ban:met) did h. indeed possess such a ,wonderful advantage.). But was it nothing, .f poor farmer, residing, perhaps at a distance of its° miles from London . , to purchase . bulliou, and con. vey it to the'Mint to be coined ? '. It had been said then, that she farmer Ought not to - part. with the prodnce of his lands but for gold. What, in th e present state of things, would .be the consequence of soch. a d-t-rinthation ? Why,, he would . isevs•r pars with them at all. Still, however; though lie. did not . approte of the,copdud of ,Lord lima . , he thought the present measures ought nev, r to hate been introduced. Re knew the lid. ral mind of his Noble Friend too well to this k tie could ever,have proceeded , to, extremities with his "tenants; , his own feelings, and . ,own sense of jsotice, nay his oan interest, would , have .precluded the pos sibility of that. regarded the 13:11 as un necessary, and as tending to cause flani: notes to y be regarded with shspwinn 3 he should therptore give . lids vote avainst its tie did. not, Itoweveri.t ink it ri t ust, whets a man W 39 asked for ;Gs. he:should be. expected ,to gite a pound no or when asaed for a guinea, he should .bb accustomed, to produce a one pound maenad sevea sniUiogs. When it was stat ed that it conic! be no 111;1115 interest to atients_st-en-. forcing this, his 'argument tva strengthened by it, and tile Bid, for that , reasun,,proved to be oispeces sAry. He ( was fully satisfied of the Solseneym the Baok, and so, he believed, was every man in the CountrY; but still he thought there cldht to be some: restrictions on. their issues, as, it they were not alreadY.lon st reit, how tar .01 q , ni g i 4 bp increased ;. i; was the duty s oi Parka , Inept tp,guard against any . possible it -that might beteatt. r „srise 'from improper conduct on. the.part of the Bark cOnipany. • Bose .under ! itood the Hon,-Baronet to op« pose..tne R lip trot an idea that it-was unnecessary, as he .CbaCelV.ed it 10 :be, very' tlllliktly ample ot rt,ta .Noble. L. woo ill be` tollawed Ito eny extent: attetyhat they had • heard in. de fence Of the... principle- and of the practice of that wiiich_abe,i‘..iotile -Lord was cbout to do, he thought it was Tether -tourroucti. to suppose, It.. certain that bis .L01614143'8 eimtple would itt no case have been followed.. He (Mr. Buse) hadahe •eteittea respect fore. and be. thought every one• mutt admire-. his..tatents. after reading les late peblica tidns.. The. example, -however, which his Isotti ship b a d seri- he. conceived to-be o r ,a .>fit geroes tendency; and tire Bill bwore the• House, iar from.havipg any.thrtie that would cause those inconventeucies to arise wbich some, Gzn demon anticipated, was in his oploion..likely to psove highly beiseticial to the country.. fruits, .tee. conceiviad, would - be seen, .in , it. lievitrg the. te,nant Item tire harsh n t ut his landlord. He did n. t wish to impute harsh con. duet. to Lord but it was nokrinprobable.that his,ll33llliti6l.l.ii , l 'seen followed by•petions who were actuated by . lucs honourable motives, who,' enema' raged by the applause with which his conduct lead been greeted; int.;ht have taken thatalKortunity to oppress thosie ittaheir poster, expecting to 'meet with the same CottiltellllllCe. Hair. tend Learned Gentleman, in speaking of tenants, hadex , ritabed himself in a very extraordinary triatmer, calling; them fraudulent debtorm, and contending that it was but just that they should be called upon to . pay their landlotalt.in cash, as they were supposed to have re..,elated tire prices of the produce of their land,. by a-rilereuae to the al l..ged depreciation of Bank-paper. In ilia opinion,-the arm who granted,a lease for-one hundred pounds.. per P.LItIUIII, and then a filer rats atter called upon a tenant to pay 1201.'011-any such ground was guilty of oppte.sion. With such oppres« 6101)S he by .no means meant to charge the Noble Lord. Trie.Hon. and Learned Gentleman had , aid,. the remedy was quite - easy; and had taken teCasiou. to make some obsecvatioris on the courage' alsplhtyed by • Ministers. He honed Aliuistera would -always v tficien t courage L t roily to oppose the &gait ns of war implacable enemy His ,efforts to ruin:this country had thus far proved abortive. We hail toil ed him in arms ; and now, finding us waistless en laird, as he had proved us on the ocean, all his ener gies were directed against oar finances.. He had for this purpose hal recourse ta•measures .which.bad never been resaered; to in.any format war.' Not only had, he exerted his utmost inflUenee- upshot- y out of all the ports of the Continent, bet lie hadlaurnt and confiscated our merchanclize ia t ih erever - h e could find ii, and to injure oar credit, prevented the payment of Bills . oh this country (when the parties concerned were desirous of paying , . them), sod returned flie Bills to the drawers. With re tied to . what the. t.earned Gentleman bad said, as to the possibility of getting a supply of _gold in the same way : as we guts supply of wine, be contended that it by na means followed, because a cask of wine could be procured, that a cask of gold .was to be had whit equal east. The . tyrannic system adopted by Buonapatte wadi& riot even suer the- commercial -debts of. merenanta to 'be , paid. But the Hoe, and Learned . Gentleman saidt here was plenty of cold to be got in America, and the mines of Spain and Por tugal were open k os. Flow was it to:he get, would they give it to its'?'` If pot,. how' dlif the Leartied Gentleman thtuls' we could obtain It,. when lie had been told that the - - markets of. Spanish three- (ice were so completely supplied` with thattill . produce, that they would Dot take atingle bale af goods ftiom uk„ an6.couid:.ot be expetted •to afford a nattrt,for dur rtierehandie fd some time.. How could the Hun. Gen'tleman think ,we ctiolCl get gnld from that quarter, :wider such 'circumstances Did be suppose they iyoul , i give it to C 44, or did he %visit ut to commit an an ot. piracy, and selie it by force? It, however, it could be gained, what a.dVantage would be derived to.this:country ? Ile would sup pose for a moment that it could be gained;-- if .5000 tons of gold were now impelled into . England, coined, and put into circulatiuo, while gold .t ontinned at its present high price, we should be in our present. condition, as not a ghinea ,would remain in circulation, The guineas _would vaniih as fast as they ware issued irony the mint, be melted down, and again exptirteit 'as bullion.' What benefit then could result fioth thus procuring gold, even if it went praetkahte ? The Hon. and teamed Gentleman, while censuring the preseot circulating medium, had not- said .whit he would wish to have substituted for casb.-in she absence of bullion. Would he have no circulating medium_? Notwithstanding the increase of our , commerce, there was a smaller quantity in circula. tioio flaw, than there was twelve years ago. In 1793, it amounted 60,000,0wd. ; 40,000,0410 i. in gold, and 19,000,000. in notes. It . WaS not easy to say, weeat was,the exact amiatnt Of the gold in cir culatiott now, but he must be a sanguine man in deed, who could suppose it to exceed .5,000,0001. and reckoning the amount of. our parer circul &on at Atirty milhotis, still it wouid,bit ,seen there w.ts a considerable dkrniti,otion, Uoder the proem - cit . .. cumstances, fin the 13 'nli to resume cash paymenis was mierly. imposible: They could h..t d o . it._ They 410 , 414 not get the gold to pay, and if they could, it would betrseless,:gs there would be no more left in circulation thati. (Acre was among us at present jib the price of gold was lower ; .that it might b bromiht into this country .in I urge quantities, whiLla could only be caused by a change of the circum stances of the Pont togrit, it was proper, to continue the Bank Restriction .411 in forcer. With respeel to what bad been s rid on the increase of Prices, he had it trona geuilemenon.whom he could depend, that the prices, in France and' Italy kept pace with those of Etiglana, and . that the , depreciation of money France was greater than in England. The prices all over :Europe did not ,tnaterially differ in their ad vance fro.u. the prices itt Englan...l, and this he took. as an.argument to prose that farmers, Sze. did 'not . charge.for their produce. as was supposed with a re tr-rettee to• the alleged depreciation. of-Bank Paper. NQltt respeCl to Wl,lfit had- been said of the property of the public creditou.he kno,w of nothing . which could be more reLolting to the feelings or Parlia• it:s4 ilkan.,to.interfere„with that.. The Bank notes and Assi gna t s he asserted to be as.totally ditferent, !Tom each,other, as any two things in ,nature vs sibly could be.. As to.t he Lea rneclrund,cmtitt's plan . for forming a ~riewfund with the profits of the Rank company, if .he, 'could. be . sure. that, this could tie proper! ) done, be sliould bak e no, obiOion .. t.. o it. wished to ,tire payments ilk caslo:esuntea, ,but, under existing , Citcumstateces, mieati gold could be `brought into thecotAntry, (asolue seamed to t 11.1,1: it could) by a tort of witchcraft, it, was ititeitssible lorthe:present, . .• . . • Mr. BubutmAll exp l ained. Lord For.x!roNE ,said, he agreed with.the Fight Zion. gentleman who spoke last, that, notwith• slanging any addition in the preptit star of the cir culating 'tuition, it nous! coptmoc ,to go abroad. agreed alsi, y !hat it was a tl,ing'..frous thing to at teinpt to . trapport paper, credit oy an y ,I,..gtslati%e Incasure. Evers Gelltion,l4ll \O) opposed tileßilf Canty pipviOpct,vvltil a dlitaeni systetnnt his ; and in itto contusion Rroduced by this, it W,e,its cult to koow,the,.re.tl grJunds upon w hich urea sore Wftr supdorted. Some disptitcli the tent of de preciation altogo her„ while others aeknowleked that Lioine step was. neeessary.. o val I.ord' King, way tit4e so ninch the stabled or alto ston and reprobation by :Ministers—it was not.. lit thin his. name should be inttodoceti Into public tits oussion,, :tad (host; wit apps overt of. his . cvpau,-.r ought. toh,tvis th. , boldness to avow tt. . The ,Noble 14rd dt,i , nut require to , be . ,paid in gold—,lll .he a,tied was ) , that the deficiency. of the depreciated pa per should be made, up, rand in ding so, , he, had atted ak;curding to the spirit, though, not the letter of Jhe The. Aill.appeorcth to hint to be,totally inefficient for the purposes t ni.whiCh it Was iuipittl- Id. It was said tote introduced to protect the te . - mint-twins' the. landlord, but the }louse should pause and,ascertain . the, state of' the law, before *o prmeeded any-further. This 13111 was neither mare nor 4n extension of the 4th and,fith of ,lid waid the Sixth : anti this being the case, it would be welt to Consider Wjlat wits the state of things when it, was. passed, and what after it was passed. It had : buen said that I:4iik notes and assignats . clif. toted; tigi they cei9inly did in ,some things. In .France. no notes, were issued but -try the Govern , urea ; but here,there..weTo seven . huudred vrivate Banks beside that which had thusanciion at Govern mem. mxiasure'of Edward-the Sixth had 13 . en k,rourcqa to kw the sante purpose, .and if it was un succoosfolilien, there was reason to believe that it would be mote so ,tow,, under the circumstances 41 1 m had token place. Here hit -Lordship quoted kke".paorphlet of in support of lira _ . asserti,,na . , and, cautioned she House against taking any step ,Nvhicli,was calculated to produce _similar calamities . to, those which prevailed, in the time of Edward the bimb. It had been said that there was no depreciation of paper, but he did not Lnow how to recnncile that with the assertions , that Lord King would, put an additional. sum of money into his pocket. His wished that. ,those who nuintained hucti a po,ition.wnuld state what it was diey would take to be a proof of depreciation. It had bode said that no one would follow the csample of Lord King; it, so, then .why attempt, prevention ? But thu tact•was, that many were likely to circumstance which, in itself, was a. proof of depre ciation. Theta Acete only two attempts illatiC to support p.iper credit in America .and France, and they knevv. what -the consequence was. Paper might be depreciated by wan t of confidence, or. by excess iu this country.—the latter was the sotce of the evil. But it had beau said that Docile suspected the credit of the Bank of England; for his part, he would : not hesitate to say, that since it stepped pay ments in gold it was insolvent. But then it was asserted, that if the Government had paid its- debts .Jo the Bank of England, the Bank would be able to dlieharge its ()WU debts. The debt of Government • to the Bank was estimared at le.t 11.000,0001; of t this slim wee ehe price part fet their cetrier,and therefore alioniti net he incht led tinder the dententinarion elf debt. :I:he neek wiee in tact; ihsoltrent the .year ; it i ctiald not pay, nor WOnitt ie, in-his e epine,e, .ever be able to pay, whil e t h e country was ur thened Ely so Brett: 11i national debt. kind such e mous expences of Govetroent. The state of Ilene!. teat eoeld •be pro seed by the intend.,d reme4 would be 61 no service to 1 . e public creditor; ,he interest of the land!tolder.i, cninteccied ClOSely as it was with that. of the country bad es lArly striking claim ; but et en. the fertirlholtler %%be 4 riot be benefited by the presen: measine. idol'. had gene slibt.old; that all, the goid left the, country;: but the gold had not felt; teere was slur enciogli to answer its various purpoi s; in tetort,', enotteh cetikl be got if they would pay im it. Atter the eesigives fell duel) Fran'ee, the gold eippeared immediately. Bit 'the original Fa'. her of this 11,11', after giving his ebild to be doodle-id egoist o a inile by Mioisters,eliad either proj, eta in .his view, ani4us sveich were those of ni:,king Bank notes a legal ten der, and establishing a number of Bain' t` the country ; it reatinde t him of an . aticcdot. , he kid Licari re:ated of the Noble Lord hitttsClt , tleold Stanhope).' Noule Lora, by the -assiatanc.- -c'tf sortie cheruis', had discovered what' lie suppieee be a nostrum to pro- tilt the elieping and mehiu . .; - of guineas, and apelickl to Mr. ntt for an oeieirio;- city to try it. He was accorditiely permitted to su perintend the malting of one at the Minr. - Bu ho• tiootter was it made, with all it* lasting propertitee than it Idi upon the grimed and broke in two, it was the same %kith outer undertakings ; they sere found to possess some quelitr thaerendered them ine telly mint. The Bill. lied he • diSadt ant tgee of - an car p6st ftiao la rr, and Ministerssehoiliti ctiteedet g ;'Nether, sr the return pt out troops, they, should. be repaid in the depreciated currency. .After observations en the manner of . paying the- sadere, he concluded, with expre.,Sitt/ his opinion that +tat Bill was inefficient to the OurpOse fur which it wee intended, and calculated only its do harm. LOtd.CAC7'I,EREA:(III said, he Wished at this period,. of the discussion to state the opinions he entereildeti on the Bill, In the few obsetvetionewith whice lrti sho c uld trouble the House, he was desiteius of toll° wi he suggestion of the Hon. Gentleman wider the gat lery, who aslvised that the question should .17e II:• wired as much as possible. He would 'Mete:lien assume, some things, refeiring to, the forater debates ueon bullion, and grounding him+elf,npun the de vision of the Houseibelf—a course the more proe per, as he argued with the House rot her than with hie oppimentsi He telt it imposeible to blink At that part of' the question which related to lee:laird, Their attention had been properly called to the law, as it stood between debtor and creditor, in which a, new d.fticulty rave arise, it the system of he Noble Lord (King) was generally pnrsued ; •for how would tee Sherd" act ? Would he take loon films of to adKernse that he would make sale ot the property, and take nothing but geld iniieee mein .This would be in effect to sacrifice tliti prnperty, t end act'withottt any regard to juitice u the reason nt the easel. . But what was the yListice of . the, proce , -diag,,.and in what sit no ton did, the. Lesi.44, .!'iatore statid.*ith respect : to it ? they had prohinitipg the issue of gold to a public creditor, notes watt a let el teueler, to 1 " I) o Y l t l Olr',9f texes,• and it would be uitju;it, to •enake liwul pay Bank notes at a different Scaler of v.olue from 1 b it on on which they were issued to a public. i.recliteree: The centred yeas,. that payment ehoeld be ecetde iu the legal coin of the realm, but ti..ty enebld consider under what eirentnetanees the prQS*Ol - 1 Was There were many cases in ,which the ,world better under a moral controul, than a legal drys; if Hey individual should attempt to brelk that con -Adefice:which, had been held sacred so ,loog,-110 might pessiely he eight. in his motives; but c4 , helt he did it he impo•ed on the Legisla , ure tip! disc-; • greeable task of dieing iii fluty. Even lf-J he C.,48'.) . proceeded no further,: the .Parliament %/midi be tw. deubtedly bound „to proteEt the . tenant (root the principle attentßied 'to be, set up. Wilt re. , spect to - . the toeawal of restrictiOn, about which, co. much l)ad b,ettn said, if it ,had . not been re sorted to, they: mu 7 t have ceased to Jitt ..tia Beak, and with them •all• the other Banks of the Kingdom. 'rile- situation of . this .conotry would then , be like to that of 'Franco at presento.eit lt• credit, uo ..Backing system . for the Batik at Pelee did not deserve the name ; thew would be. spec 4., for in that general want of confiderioe nothing *eke would do, and ttle. : teriont would suffer tile greate4 extreme of hardship. There- Witit.-110t a semblence tkf tjust ice in 'the' claim whichLoid King.-had Made ; it was one which lutist have left the tenant . eotete pletely. at- the mercy of his landlord. -As to the enactmentaof : the Bill, he would allow,' that ii- they looked at it as a perieeteneasure, it could nor bar theirtspection ; but. the fact was,.that it, was, Worth Oothing, unless followed up by.'sorrie more peren,lp tory measure, in case it was resister or evadtad. :Ine 'principle he wenecin was, that the private creAiter should have the oarneadvan fent with the public creill; tor, and -that he.shriold not lie &impelled to pay in specie, while the Aestricrion.remaiiied on the Batik. The pewee of thelaw should not be used to forde thing , beyond its. value. The Bill, he contenrt!d; would not'- make two prices, as *as . ref), usentill and as to the maximum, it Was the most co:rplete romance: • Ile, had ever heard of ; he was' arioLous to provide by law,- that it .slionlcl not be the in* terest of any individual to depreciate Bank.tirJtes, as certainly, (though he was - far from himself copal*" of acting oat it) it was thv terest : of Lord King to 'do according to the spit, teat on which he made his demon& In Ireland,* he would allow, there were four or live confute*. in the habit of paying their rent in specie, bet 'lel were singular insiantes. In these c.4unties but guineas were paid by the tenant to the laodlort4 both before' and since the. restrictions ; its the l'drt ti the guineas were at a premium, and the incorrect, nienee of the custom being felt, it- viss gradually doll dined. He thought hip Majesty's Minieteit wire right .to except Ireland from the provisions 01 the A. The case of Ireland was a distinqt one; and though some arrangements might beltertiatter fled. cessary, et preettit therit was no reason for eitlerid.i. Jog the Ad to that country. Any system foAmd. ed upon a mere metallic currency must 'be a 6tAtved one. Thetts was only nue other point rentaioing, which was the conne4lort the nth^