The Sun. — London, England, 1811-05-09 00:00:00

il. 1 1 .Eli1AL PA Ili, L4,IIIEIV HOUSE OF PEERS, WODNESDAY, MAY. 8. , UERKELEY, PEERAGE. In a Committee-. of Privileges, the further consi 'derntion of this case was resumed, Some 'further evidence was heard, and. Sir SA M ROMILLY was heard at siime length on the part of the Petitioners. In consegnmee of certaiii points being referred to the judges, 'the proceedings were - adjourned till Monday. ;' Thu Scots Creditors OA the Irish. Loan, and the Stave Trade Felony 13:11, severally passed 'through Committees - of the whole House, and were report ed, without any.•Ahoetilimimt. ,Mr.Jolinson, from the 'lrish Secretary of State's • Odic°, : pres e rved certain Papers and Accounts, pun. MI II 1 so ,tr.i order of their Lordships. Mr. Usvenport, Mr..Deuttivott, and other Mem. bets, brought up a few Private ',lids from the coin. 'mons, which wert..lWd a first time. Toe further consineration of Loveden's Divorce; 'ill was resumed, .and two or three witnestes ex ornitied, touching ce...rtain collateral circumstances, with a vie. iv to afford additiotiol proof of the fact of the adultery. Otte of these w;,.. Pryce, Esq. . } . l firm o f Toe :further investigation of the adjutirtiec.l till Friday. reinandug bilk on the were forward-, t'd in their re T uctive .rags, and the , lieense ad Jour:n . . ett till to.interrew when thett• Lordships stand ‘Utptriotied:upon Lord SIDMOUTO'S Propositions re. ei g Prows - taut Dissesitur,. ROUSE OF COMMONS, . • WEDNESDAY, WAY 8. • Mr. 140WORT11 1)001)01 - W1:i lliS , lllofino reßpenitig the Exemption of Toreiiplei's front the Property Tai,: to Pi iday, `Lord 'ift.T.oN,,preserited from the peopll of the WWII of stating the distressed situation in which they were placed ;, which ' was Stlell, that out of a population of :.40,060 individuals, 1200 families Wt redueed to distress, who were fohnerly maintained in a' stald of rope Lability. The lietitioir fottlier •Prayed for a Returns in the represetuittion of the and for the disoiissal Lord A. flAmturoit mnovcd that it should lie on the tab;ec • , , • M. Cun WWII did not opp:ise the motion, but thought the Petitioners (night to be told that it was not ni the 'tower 01 Parliament to relieve them at prettent,„ They ought ta be advised to slek other situations,, and it assistance were necessary to con vey-thum- to any other place,• he thought ouch as sistance might be properly given. Arn'r iorne'explanation, the l'ettition was ordered to ;.,, On the table . ; withdrew the notice he had given of inntinn, for the Goriespondence resi,eAing an Ex. ehan 4 o of Pi isoners ; and promised to renew it on a future day. • • , 1141-; I.JoesTotts) „presented a Petition frost) the operative Manuintiurers, Journeymen, Tra,desinen, and,,ott , ers, itr C3i4s6ovy , rw i gllboarhoo3, solioll then distressed. tlituattun, anti braying ,for • ; • Colooel PAL:l4lra .gav e not c f inoticm on Tne,,day the "Ist instant, to Irll. j'al‘ptt's Clairol, . , IRISH MILITIA. WEttAst.r. - 7 Pot:g rogit to • "mo'v'e far leave to bitno ) . in a .1 1 ,111 to iitoend 44thtlse al , the, King, and two -subserideiritAotst, which- regulate& the tittatleolvottiateerfog .ftcto i<the land. fly theso his \Majesty was enabled to ACC(lit, the vet u.ritary tirvicep of fliteen Wen pet cent party' r. but distintr, - pplortS•we re fixed' for , 't he - volunteering. The'ehP - ratb6 Bill I:e meant to to AsFllmitate 4 the at iakeland : uppo tuts snl.ijoa to 1.10! 4aw bigi4o4,l, *sof dna 1115 i je4ty might 61A ,111 bled to accept il l i,!iei•viceµ of t h e i MC'll per uolupititv, c,t ;thy thereicke proposed to 'Matte it ittioorativeMpOn• the Cilm tnliiiting Officers, when they'reeeived Ate orders 'nf , the Lord Lleutertant„ , to appoint a titne - for .‘ he vo.' itintetsfing to cornett ticei which was to c,inltitme until the whole nuniber was completed.- He von ! , eluded with moving , for leave”to- 'in a' Bill to ren.md the several Ads to enableltis M3josty ac.i cept t he Services of Volunteers ficowthe :i'vlilitla in lrelsod. Leave was given,. • . Mr. Hutcnissow postponed, the .snotiou,,, of which he had given nonce, for the repeal of the Convention Ael i - to Wednesday, the 2V4 inst. the motion of the CoxNenet.ott of the Ex- CHSQUEII, is Committee Was appointed toseitrCh the iotirtmii of the House of Lords, for B . ll i Pro -, ceedings talatite . in the Bill 'for Equalizing the tilialions from Corn and Sitgar. .The Customs_ Regulation Bill was, read a third_ tine and passed. Mr; liiitlAwroN brought op the Report of the Iriwh,Coirittiercial Credit Bill, which was -a4riietr to, and the Bill ; ordered 'for a third reading to morrow... , • 'the House went into a Qoannittee of Supply,. in which the usual miscellaneous grants for the ser vice of the two Ilt;use , l of Patlianitmt Were voted, The Report wits ordered to be received to , triorr.ivv. Mr. Lt/stirtvoTort brought um tilt 'Rcpt . :rt of the Rates fill, whic, tn, and the:Hill mitered to resat a thiki to-t;lou. row, Mr: Wahturom brnught ih the Coa Inland N. vig Hen, the Malt Doty Amendhlent, :And the .Anoulties Bits, Which Were reed f" first; god ordered to be read a'oecond tinw.to. ill rtOW. The House then resolved itself into a Cornmlttee the wit )Ie House on the Report of the RtiIAWN coNtlyttreEri. me. Pmcigo, tint the Cortunitte 11, h y.1 m ade reirtie ess inn "from 'they lied tit a d v Arice I, ns had been' mixed on the pre -4:--,!tny; thy by a Noble Iy,rd. For his owO.vart, he the opinion of the Bullion Committee WWI 3 ooittion. •Tnioughotst -the whole inqtrry, 11i. loid/endeavourvd, the most honourable ;tot.' is,ty.srtiA trmooler, to procure information on the withoht availing themselves of - arty means tv.,t, they .aught have'Ot prejudging the question, aaninit theta WO, that they did n 4 -6tifficipuily ,attrid to pi%lcti'.!al men, I'4:at:Cl eat men (i f 4:; men of wcre riot ,best : judges oplie ittatelof. the This : fact ht l bti'en maiyained h Y7r. A. Sleety. .theyvere moreover interested to certain degree in the c,iniihnancil of the present question, and therefore (though he im puted nothing oper to them) their evi ought to`be* regarded a. heir g the same o, thee o f other witnesses. Th , Conienitiee had 11)71," nil in their power to pEeveiit'volitio, , ,, to a hasty deci,ion. The Honi.Gentlem:kuthen roeeeded to iiliptire into the cause of the: riser Which haii taken ih.;! prices. (4%Al:commodities, the cent .tit;, years, there Wad been no motel If t i prices of articles till 'within the List fifteen years. Sinct! the Year 1793'theie gt t 111\ , :i t ice in rlte prices alai! enihrtioditi,!s: could 0 ,1 bii well attributed either to scarcity or to taxation ; and 4it• lasi it'vaineto Shat tt tbuld (Ay be 'brotight ahntit . by,the:alteratiOn of the money.' • Taking the ;average :price ot.whe‘t at different periods, gave the true value of money. He t lien comp trod the price pt wheat with the value Of gr t ld 4t..various ; and thence drew 'a conclusion, formed with a re ferehca to increase ia,priees, which 'had heel) izt,ited toibave taken Plate in France,' Ru , ,sia, and Ptossia, that tie precious metals- ha:II - Alen in value c,t 1 :00 yehrs in the proportion of frOni It 10 7. If it wine. admitted that he had eAathished this, the very basis of the argumeins of 'how 'who opposed the rteport was destro)ed, as they were all ed on an assumption that :the. price. of, risen excessively. The' Honourable iVkinh, r t wie entered into a detail of What con tituted the , Ana) diird , of money ; tied (looted it a; thin's, to prove that di ought and•dhat it'could not he altered coinntitting an approl - H-ns hi each iit• Which' inust produce p. 4 , 11 di6oed-r atumig our selves, mid injure+ our. credit abroad in a nem eer not easy to be repaired. The di:preOation Bank.paper he thought eliablished the difference between the Mint find 'market price of hullioh was at once the proof of the het; tied, the measnre of its Oktent. It the .. ) I.linea hove, a- premium, it followed that Taper was depredated; and that the guinea bore a ,pretnium at the.present day, he knew. not how any man 'could deny. lie penal laws could not prevent this, as they stool at present'; and it could he seen ,from a paper which bad that day reheliedliiiniroln Ireland, that genteas there bore a., pr!nniutu of t 5 percent. 'rite Rank notes: - were depreciated. in the ~proportion.. 'J'he Right Hon Gentleman opposite s wito maintained a 'een,tl{,ary opinion; bad,' its. vpritrate O'onnhation on this sub:. ject,.proit ed so much, that he proved his own doctrine good for nothing,: There was, no (Inference in the . conoie of exchange between London and Liverpool, 'vliich*as regulate) by lbti no i rl,ber ofdkys tboin • had to ..ruts stud the. price .of the . postage of letters; sa that the, immense, ditiftinence 14 the rate of ex change between London and. Paii conid not .be ac counted for ,merel.y . :by the balance of .trade, The restridions upon' trade had been adduced, in order tea account for it, bet; he thought, w He ; begged leave to cull the : attention of the Coin nil tee to it sta tement 01 . the Chancello r of the U K .: cheeeer . on moving' the Army. Extrtiordinaries. He hat feared upon tliat:eceawi.on,' that there Was au exectss beyond the vote ot '71)0,0601. winch lie as crittlA to the state of c.xchatige with Portugal * The }dre , .v2iit (I:Tree:llion tolvaper was owing, in his ppi ritsn, to its eXCe'ti4, He did not rmil tank the: DiteCt ors ,of th0, : 13A4 of Etigland,, sts thil , had done nothing more. than: was natural; haVing. their „own inierests ta consider; as well as those of the -pobliC. , • T.TIIIIVOv. Aid, that atte.r theitble;siNeches !which had' been. already delivered..oit the st4bie4l, COpitllls detlils - -tnto — whieh Gentlemen bad !enirred, he should confine himself to aloote ge ltterql statement vA the poitt,ts, upon.. which ,the 'tioe , tiot, appeared to hint to rest. He complimented moti.ves'atid time talents ,of the Cornmittkiwhere it c, p o rt u tl a c r.-c;finsideratn io, tiod, did wit . agree v. ith t hose 0 11U the pobkiktiOn,ol. it Cal _ . lated tq do evil. On the contrary, lie thought it `'tCtid to ' tl:e -veition at -cit by calling lot th the utrittid 'Wittuiti cat dial-louse upon a utatter f such o importance. Her agreed with his Owl. GA-. logu:.! (Mr. H. Thornton), that the question lay in a_mocit nartower than was generally be lievt!d. The first point for considerat4ni was, whe there.:.wailan over-issue of bAnlt leaver.; the 'second, whether that, over-issue had,tin effetit upon the 'raw of exchange; and the third, whether the tt:in-dy prnposed was .1 prbper one. He took a coitt i<<nra;ite view of the states of She,,ODUSltry,now, and loAt no complaint was made J , and said, t h.tt I hough die coin was depreciated in some degree, nut depreciatud_lo those w ho Wished t0,.1;;P, but to those. who wished to,-du acct.--- `No Mail reILISC4 to take a. Batik note awl .% tor . a guinea.' Prom the situation:of tritleat pre- sent„ it Was -itopossible to, p..ty tor the commodities of other 'countries iiy our own . ; ,so intie t er.inuit be sent, antlAhot must have 'wtendenc);,lo produce , s.c.reity of , specie, esperially, when connected with the rate of exchnigc. • When he ,scaled" lo7this our situation with respect to N.tnetica, with whom'aione trade was now open to , us, he confessed hiss-wonder was that a :guinea shoold _even shew itself.. He quoted the authority ofd Locke, to , sitew that when . - etre the home cionstinptiom exceeded' the'expott of commodities, guineas; must-go out of the ,ponntry tea pay its debiS,whether they were melted down or Al • to the remedy proposed by the. Committee, when he came to consider it, he was mine lost in . astonishment tkiu in any other -.part of the question.. They advised that tile restriction should be taken elf, and that all would then' go `well; .but :the Me ' Oltable consequence of such an act, would be, - h run tipoti the . bank, and an obligation , pu-the,part °idle bank to purchase up' guineas, in order to pay theM at a loose It was in evidence before the Com mittee, that the Blk- wOuld not be able to pay, if the restriotions were taken r>ff while the eschanc continued in its present state. As to 'lite .specola tors who hod been alluded to, bet' for their adi . vityand Zeal 'the'Contioent _had been hermetically excited up. ;He attributed the -present, rate cx change to the balance- of payments a n d declared himoclf aglinst all the propositions before ti , e Com mittce. fie wattled no abstrad propositions upon such-tt subject. • - • • • Mr. — MANNING' began with dvfatding the late Governor of the Bank of England from some,.,ie. rnarka made on a former night, by an Has taut Learned Gertileton (Mr. "Horner), Rt-;.sittti 'that iu tild detail, with. which it would `be netpss'ary lbr to trouble the, House, he. Wonld he as b t rie( as the nature qt sulueal would de,irag all n!,,) To be 'understood as delivering ~ his awn utdi- Ai:4VA sentiments, and not speaking utiiter the direc , tioo or ; authority of the Directors. The lionoura- 7 ;10; 1 [,.rimed Gentletwn who intinJec'eil'ilioMo... lion bad Stated, that tt wanton issue had been mode by eh Bank in the. course_of. the List yea(, ,ono,oool. of money. The state of the money Ht was, that there was plenty, iu Government sectlinH, but nut in tradt% - In 'btat- Ili.; opinion, 4e did not rest merely upon his own but could prOduce'dociititent.; to she tv thm the i4 , itie corn plai r:2,10f as not only nut wantonly or tutuke-sarily, but u ide at the express recom inundation 91 the Oontinittee itself. The mnount Pot Bills issued 'on: the ist July, .ikto9, ~ t \- ; ;•; 7,3001,. and in the . motif 1, of Jtin'e and 0:1. lo; 14,3001, ~So that the dill'evene between' y, stfchsWas seven thousind ; rl the, amount of 'iruall noles'Wis t,700,0001. tlrl Hon. Ft;etui of wine spoke second last night,. had xt ttt 1, ;.liat cOnsi.. dered , the st.in n darcl, with reference to Bank notes, to, be so,much bullion. the case ; but he d not know of any Act of Parliament which authorised. ny" pets69',l6 de Mond . i it pay Mc fit so Mueli geld v s taus: That there W , ere attend.. ing our present . situation„ h could not deny; but they were all of them ascribable to obvious'causes. 'l:lie present was not, as had been said,. a pew,, situ;!. tion, He found by the . Journals of that: House, of tree . year '1620, that, similar inconveniences ~ were felt; ..4nd in those Journals were stated seyenicauses amounting far the scarcity of money. The go.d swiths' melting it, gilding, great loss in elchtinge, 'time `goods impOrted than exported,: East Indio. cotnpany, great quantities of French wines. Many of [hose' C3I.ISCS existed at this moment; and it siMuld be observed, that the ditilcUlty alluded to in the Journals, occurred at a time Wheathere Was no • bank. In the year 1797, great alarm of invasion had spread through the craintay, and 'from this re e , , stilted great want of confidence, which waa increas-, etiky the Executive Govertitueut inquiring into the Stock. of the- farmers on the cease. The 1 - 21111etfl,: alarmed by this, sold otf their stoup,: for the purpose. Of'conVerting it into specie.; 'and by this nseatts tt , drain was coinmencesl upon the Bank, which gave, so great a shock, that, if it were not for, the order, of re4trialon, not one guinea had been left in its pos.;. session. , Afterwards an A6t was passed to continue that restriction. He thOught he might, state with edufidetice, that from the year 1797 down. to t 4, present, iliere.was an anxiety in every Dire or fo r shape his conduCt with a view to returning to'cash pavrtionfs, the moment that•they 'could be done- - with" safety to thocooritry. That this was not the period he thought he could spew. ---A question had been put tOtile late and . present Governors of the Bank hi the Committee, inquiring whether thy: issee, of . r 'ttili notes had al vtays been kept abeve - or below the de, mend? they answered, unequivocally, DireCiors, and .not only, they, but. the. Proprie- ... ,ters of the B ink, had a, (much greater interest in the peb;ic than in the private coneerß k and were elWays ;anxious) instead of looking .after. troroPqr Pron." , decide every thiog - liposi a general view, and L;o11. ' public htete fit. 1-10, would state shortly ,vhat appeared to him to ho the came of tite present state of Excitaie , e ; a,,d this he ;..she,uld pietnisie by de:. daring himself one of thOpecld faSluoned practieal men, Whoelipatght the; balance of payments art tide of. great inapt twice in the regol.itioti,ot (',:- chtttig ,. s. If the importation did not lytiance the exvorti-001),, the silrer,nmat go oet of the: Cotint Iy. Snell ',.W114,. Airy Locke's opioion..Besides, they sneeld consid,q, among Other, causes, the interruptton of the Btilt.ic itaule.,...by, the critilocaiion, .e . . 10 ships ; the expenditure of the :Army in PortugA, Which amouttted to 1 l ,900,0001. ; coin .7,09(400 0 i. freiiht to toreigoers.4,soo,oool. ; making., a twee of, 23,000,0801;; and leaving .A ;t : balance dins( ,copptry Qt 1i,000,V001:.,1 - 11 then ._wtolt calculation cif th Revenue, with Imports etallis, po t ts , ,ye to the of January, 1810, nsal;dug in the aggregate 11)110e,ouel . , Gctitle roar; c,s't ().)u2i,ValiOttO Of, aty,,Hi ; olourable Wigmaker on .a. former eventing, on the iihtl*Ct, who, had recommened, As .a cure for the evil, the esta blishment 41 . a Otartered Bank, I hits Was a enti oes mode of rettLalyMg what was denominated grievance in the too 'great issue of . paper,.. by re commeeding another BaUk, which molt assuredly must doeble-the issue.' .; The. Att of the year 1797 permitted certain of the ,Bsriking-houses to dis court', and of 70 in _Oita metreplita,' weie tit lowed that priv;iTe - f ge; 'leather, Only 2(.i aVailed thernselv'es pi the privilege, aria that to a very limited anthunt.: As tca_the-probablecatise tat the high.price.of ; geld ) upon which se,.,many opi -1110115 had gono. for th, among It:Pitt : Va. ifie. ‘ idea 'that great quantities , Irad been sent abroad, It, Watl , trup that Sotith American remittances had been made in metallic etirrency; , betabsec in that .ectuttryllhete were , bey iMalings by. bills of' exchange.--:-When stated' airing other . catistis, that Wirem the list yeti } the Coin,had ,been melted down.into,plate, theSati:e ' as-in the reign 'of ! Limes the Committw would not be.surprisedthat itiere,khould be'.foiind.sOgreat 4 scaray, Within the last year, 'at. Cioldsmitlis' ; Hall, not less than 148,0001. of silver had been 4.11(4 449 2,5001. of exceeding in anto , mt, 'I be average of former years.: These. tit cart suffi6,: ; ?it csmes to aceohnt for the scarcity. WiePn , `- , . 1 !11ite9,1 41 9 eeprectetion of paper,' . atal psoueeen quotations from primpThlets it, aut . of tbeir oWkergureetits, he trusted it would not 6e deemed irrelt,;.Vattc,.it ; he read en, extra& front theletter of .6i6 . tidn, addressed.. to dtimseif ; who says, .upon the supposed depreciation 'of paper, .111ot i. , roistike in the sigpifutation of 'lib • wor4L," depreciation." When, tberetore, , an a#,...• tibor„bie said,-that a one-pound note and a shilling would .most certainly purchase the. same quantity of any article as a guinea, and .that guinea was worth more that twenty-olio shillings , it certiiinly proves that a guinea to worth ruort; than its ~.00minal value; . but it. does not wove that.a , f.no-ponnd not e is worth less than twenty doliii) - g,„ much haq'u c . tt siti4 Of the necessity of repealig.the,Bank Restritiion Afit : whatever might he tlie 'Opinions of Gentleinen.on the expediency of repealing that,rere'easure, c t s a quest io w hicb, 'pet , ha„Psf did not exattly wound itself upon the Report of - ihst Committee; or, at liast, as.appesred-io.nim , it WaS neat PCitiVary tor Me COmatittots to make that'recnnirn6nclatibn, :All that wastletireduletir, by the House, wag, to report on tbe. Ca•Ges al dos ward. high price of gold. If, therefbre,rGeraletnen witfi• 'ed for a t'epeal; that was 'a ciktitta stAijed, in 114 opini6n, 'and ''onght to trove been eo br4ugt fat arguinents ivinst the rtneal of the Ad, je,a,." cld 11l it'iltiiiiiity- Of a iier'Y great un.:lii,' Sir r.loci'Pll° The 'Hon, G..inielllAn, in fart berance al'his ring, AO, in a l'arnphlet pubiir,lied iii i'l)ff , "‘' ,/ (what heshould now contend! t0n.t..4,111,;( i'l'er* fecily unsafe for the coutoty to a,otri fry teorn. inendatied 'of the On r;:i li ftee ( ss ith 1,-P:1; , .: 1 l'' 114 8161' Res't' leicin .461, "' it s?tea.,io;l of thl llAik, iii totally altered -in coni.;:v.rxic: nf the scarf; Pt gold - and silvee, and ,:;;11 1ci11311.1 SO tiail' lir, IPi_!Z • tiNs sub,ided and cimfiLlence is recto rid.: Wii'tlieri tbe - restridiou • shotili 'oe Suffered tO e%pire, 5111'1' 40-renewed, or aiteie. l , is It'tilli;:itiati Iv' bicii connot at present b' decided. - ifpon alatatt. c-estitta: 11;10, iloskllv,,::r; I think. it siinuitt cOotiwk,tei °r:ll‘ likticit doubt 'whether it w0..11c1 i nn ,be plthita a'• 4ri 141 CC , t. in : restriHini 5,.. to age liAa _!"-, 3 Fgal - tender; My chief rca,iou 'for ibliil;'!ig S'° 's, that puttlic credit ought never it} , tr: b. ) , _led, to convtitsidlis, 'nor to a change avCo„frtha 00 it, better, unless there IS a cei taint)" of ,aftititiliai4 it in that position 5. a retrogr Ade nnove-0611,;1i` 1;1;(1; lie credit ;is proilti&ive of' evil coina,trrence,i--- iie incalculable, 'and,: therettix,', areooid :n 0 : !Link of England rwititning awn' p3.0014:41,1124, the continuance of the war." --It vvas his-L*oll'l'J fle true. our Nish that the. Bank shoal," return J ..° we ' 5 )i)rs:tetn,; but ' it was also his fit in opiion.; tbat,lo, ~.11,11 exPL3"iilient should tint be risked brio& i,11: Ii the re : in ken: the subject of • the difference of eitt'all`P'4i The j o t: t, e t h i: e n p r t e i s o:: i p c i i l , , n t le the price of :gold, that in oonie clegreeiw,, Attu:rice no doubt ritleded ate oteltallge ant'',(l,l,tle, ti-itlelit). OS: billo could not , be readilyneci3'e"*dej LIW., he Wits very apprehnoive that it 000 d PF',',,,it i loollates,, and let all the coin of the anno3Y.o., it and then there would be little chance bl . F ee' rd• &tot " . .back... Besides, it vtdis' tro be reirealhei.e .. oll i c h , rn°lleY, ,Was detained : for ik,eful, PPW,C l ' ° ,'.. 1 ) . 1;t if Inuit he obv•inus wltiloUt his patrnog the >; II ret:ll°9,e),i;. Would. get into tie 113000 la c .'" i i iii . Il u 'll t i e lftI tu rcbell!':::: : u ll : : i anii consequently was aruchsvter wher e it " v :, 13' Offea; :01 seuding•out twenty -rnilliou of 1 . . (v . ~,itt; 0 , iBQl' and I i3°9 '‘Al4 i 0 Oven urn We, , , 'll.rut [rages the C! ' ' ' . - ' 6.,5.0n ,..ontinent. ilta' " Mr. A. 11ARItsq'hopmf, tbe Conttnit4c!. 'sq., ~If I.ievp that those Gentlemen, wbo bail die lio"'.co, a seat` in tbe dire ion; wcre alive to liiP g r . e ` i , L4l „Li whichthe Report of, .the Conlivittea Will:1101v ‘.) remedy. The quest lons. arisin; t e at ° 4 ,',, tl l;+' Port, had been so variously e3ao.iocd, n,,1'c,01 ili - ly those relating to the 51;litt td t!! 0 carr,:'f'''r gent the exchanges; taut it" wool'; be. !!','. ''''':' .: 1 1,, Ptelnise that he. etnert4inetl ti,,' ''. ;, st‘:1,11) Ibe COrnmittee, and alto WO ti !` ; ''',', )!' Lietpl,i,i,(Mr. Horner). tfe.'cci ta t nly itv•', ,-, depieCiation - of. Pa' Per '(il.rniglit be 0i • t ;,, , ditf“ence, between that .and the-attoutit a ,4 stun metal it reprrsiiiiii:',. ww,. ilat.,:.•:l•' ; '' ' 't did trout the excess of eitek:l ''''' .L ; , :t • ''', ', ',.,.: ''' the State of the Foreign Ex`" , 'Y,,', l ''' '' chlced that rise. W ithout tie. ::• -'•'''''''' •.; 1). Louldnot liav e existed r.:) !,,, .. :,, . ti !: *. r •',, f l i a ' ill'.:q4 ‘v ,1i...1te'., of the 1:-1:t, ::, o1••:i 'A , ; . ' •:' i :c ,'lr • fi s hed b y any of ; li,: ;,; ;f ,' ' fl . ''''' .10....,', "auteo by the 1-10 n.. G.,:ntlert: A , ''',,,;(ou'w l'ertms,:•PPPn.litit:sbiiti(-,1,. Vi,ii i :.: :.:;tOOl 1,, on , ~,,,i.,, i, fliiiii I)C.( ' itjainted v, :111 L''', ~ ,). e V el f Illt:'11), Wil ea Ihe fa;:'t Im' sd 1 :111. 1 11 '" ~,‘,11 03 , the I' ..4in paper bad tlic Ltrei.:t: of etillocing • A % t iorg . '', l ditlc!rent • conituotlities, , carry Ins .cif ' ;,,,,:1 4 t i '° - ii'e" 1! 17110 liounit table Cciult roan CO citoloi4 tt,.lc . State of i lira. finances ,creanng a , 01 ,, 3 ri)o r . medium, viDs the , tirsi cause.; :and b e 1,1) 0011'6 parative VICW, of thew front the Icor sll' o'lllol4 A ~ 101 l , ! ' i ia. r evt:-Liviti k•as s,• . , II ni aid .. - 0 iv , , . Ls t,n,Gen LW 10 li l're3cLit year, when it IS foocty rnillioott• i.) i ‘ t i,4 l : taining tins, atit it ions value niusi it bon i ' tuordet to support the ioues ;,' tor. it, 0 : 01 f,tit 4 . 7 "'-vc`i 1901•1Cr1Y, that Avlteit.. 1111,nat/u,,j e.rtijo'' one hundred .rpillions,.the pootiltr Yi,,lisla 1-iiell‘ l'il gteal..oliksa of the evii,Wasio b0,0"..1, circ;',: Pt tol t debt, and, not in piper issnets; for ~,,,, tilli o : , , lion of paper way itic,:::s.try to carry . 01'.1.'sitiolirj system. It was den;ible ilot tbe.:).liLl7. I.o„;iitir,i.o ; Ic-,‘pt within hounds 5 until that WO da",:-L;,-iipit I°i :- - • Cautnt," u it ' 1 hut colunder the country 640 t, .--' itni °-1 tr ;. c ~ . . . ,:, ~ the 0,.., o imoitt,.o s h o ok' , 04Tee to reaut. cu ? jr ,I',C ..14 PaPers liox could dip goltl l)e got t b r , :i , I 111 0 '4l. W i l l i ' Of IL) Coul,l get a profit by it,. 140 o)"„i''' 0; W1 )1 ' 1 ,, to, tity his hands u o ten ihouselq-I)9° ~ t oie': .---'-' .- ' si' ' ' • iltiatio` Jill! ~peck; o n the Cuntment. HitylOg . ev iity 000,,;1; je,d at y, 'pow!) wil ti gre'c' t i lo . t o' ,p genuity, Ile assured the Continiiie4 duo , ill 00 ,, iiirealor he was attuated by a Sti°'((ii:j.,l4lC 1 v il itlg OW, Colli'elVillg that a wore Pf ' l, 60100 .'...'0'.1),ei to mvolve ihu country in OW ' l-I . c? . 011; i t l‘. Which would be more *nil r;ous 4190 IA , -'' . , i i -0 rbior alternative. , , . ~. ' elf '111413 ' ' ),. I ‘ l'l A'lr. 1-1 P sititisoradefencled.ll-40 , , 0 3 ~11,,), ,141 of having introduted anti 1,111,00 11‘!: ..,,,,, tio,;‘, ;Hinted;, C 'l.-q,l v. iili the tit'''' octopi, t.., . • t ' . . rloknie. ...(41 i , Ivir• 6,OtiNG-explained• - H -,‘ ' no loot, Mr. SBA lir ' felt it inceinoent r0.,,,„1,,„, . t her of the Btillion Corninittcu, 1 0 , , :::,,,,.„;„ the Committee ft 0113 tile gntlitil,:,!lce, trocession Emit the opinions col'i..L!''rrii, 1 " 11( .! single instance did ''ooc,i' ..'"0,,„ 1 •. , f• l':. A illuch ritore scaious.clOrge 1);1i',,,,',r, against them, namely, 4100 'l._ '' 0.: .01 moral• consideratitini, tOo tt.',:i .1 -Y' the Pcrjaty, which, in the 1aitu1i,,,,,14, they were colppeJled 1° 612.1 e ('. l!H:' .,,i ottio.qs ..ottneotett Willi; the eNj ' ' ~ i i ~..i ~ I inn 4iorn ihe Itiogdurn, ..b ''''';•' ''' ilMt itcharg- • eiiiiv, iiii,is, tvOIY '''" \ ~, - .. , , 4 J..„rik tore, should hay,e,procecau." ;41 .cif oi: Ilia vcry . 13oai.d (41)0 13,°Avi'. fool c , ' i, .: . which licenses' were .err'gtairlt"4-1.- {?,,,. '.,,e fiyail 19 010,C by ,w horn. 'bey ileris,,,,„o ki-ii"to 1 through..l he i&ol- shoulavd F. l _ l l o po vv'", , 0 I' 4 It had been said: iliat IJO prat:l46d . lc, 101, 0:1, Ci6k,l 111 ' ' wli;1 ,i, extent 'of - tile opinions asp! , ~,, ~ot, , 4 ,, .„ fort: i-e hirnseit ti ~ i ~ „lolly_ 44.,t, • twin. ,! Ili 4' in the light tit u prattle:ll ~ „jet.- i , i ,d i ;11;":°/'' 0114 ,i-ptlrSliadki ptIrSliadki OA', scientino, ~,,_OO,Oll f,,,, , i , 1 lion wits. capable 01 ac,iilj ,'.. "::ouct, 501',11/:,,vr., "0040- lie should..btfrit)j4".. triao4le 0.e,,,;,10 ,: told tinit the three an6lei Pi t ! io d l ea ,. ' l/ : 0 ,;a ) two right angles, ur 'that' t*',r,tg..cs4l scity, until tilt trad# go,.llbe Iv . ,