The Sun. — London, England, 1814-12-02 00:00:00

himself been accidentally informed of it by a Gentleman who happened to he present, and a sum of 3,000,0001. was to he thus left outstand ing without the knowledge of Parliament. That the Bank should consent to postpone this pay ment without the additional interest, was very • just and patriotic on their part, although it a little surprised him. There. might, indeed, be something mysterious in it, and More than met the eye. The Bank „Restriettion Act would expire next March, and there might be in view a spirit of mutual accommodotion: The Chancellor of the Exchequer, who was in in Office in 180 G, applied in vain to the Bank, in conjunction with his / Noble Friend, now Mar quis of Lansdowne, fosAhe,,Tenewal of the Lenin of 3,000,009,/. which the Bank, who often boast ed that they regardevl all Administrations with an eonal eye - , then . thoughe proper to refuse, except on condition of their receiving tbree,per cc:pi-Ante rest. This Loan he had himself then opposed, and therefore had been at.least tonsistent. Now that a time of peace ba l d arrived, the Bank ; agreed to do that for nothing, which' at a - period of great national difficulty they .refused to du for less than, 3 .per cent. it grant of money mitst some day be made to meet this. charge, and yet: though the matter came, pressed upon them by a special. Report, they were called ulioti to ad journ, and give themselves up to the etijoyment of their holydays apd Christmas Pies. -- (A laugh.) Now, what r was,the financial situation of • the country at the preserionient ? Out , supplies amounted to 24 niilliop:„Pf",Exeliequer Bills 121 millions had been issued; and . I. halloos inure granted in aid of them. The Ways and Means amounted to about 3 millions of war taxes,' and 15 millions of loan. The right Hon. Gentletnin had been able to get no money ; nothiirg hailbere raised except upon Exchequer Bills. The EXClie-. spier Bills issued in 1813 were by law chargeable . on the aids of 1814, and yet. the provision for these was now to he postponed till the next year: The fact was, the Right Hon. Gentleman was afraid to look the finances of the country in the face, and was now acting on the presumption that the Property Tax was still to be continued. — This practice of anticipating the revenues of the coming year had at fiest arisen out of the 'eel-- tainty of that revenue whilst established bylaw. It had increased first from four to five, and then to eight millions. The Right Hon. Gentleman went a great deal farther, and drew upon futurity, without any foundation in law whatever, to the amount of 15 millions. The Property Tax was very good security to the holder of an Exchequer Bill, so long as he was certain of its confirming.; but what certainty could he now have of such a• security 1 There was flO other fund to which a public creditor of this class could lo6k. They were all mortgaged, and an additional vote bad been granted to the Consolidated Fund. He did think, though he feared he had made himself, on a very dull subject, very imperfectly understood, that the Right Honourable Gentleman, in taking possession of so large a sum as '13,000,0001. and in charging-it on a Fund that existed only in his own imagination, has been guilty of a most unjus tifiable proceeding. The CHANCELLOR of the Exentoont observed, that the Right Hon. Gentleman had very clearly and correctly stated the facts upon an af'S!.!' Übe and complex subject. The two advances adverted te, as made by the Bank to GovernMent, bad been made under very different circumstances. The one was a consideration for the renewal of the Charter, and was made for six years, without in terest. In lis'o6, the Bank .agreed to continue this loan, at an interest of 3 per cent. till it months after the conclusion of the war in which we were then engaged. This contract had been fully performed on their part,. sted they now be came entitled - to the principal, or to the differ ence between 3 per cent. and the ordinary in terest of .money. In 1808, the Committee Of Public Expenditure reported that there were large balancea on Public Accounts deposited in the Bank, and. suggested that the , public ought to participate in the advantages' accruing froth those saws. It was then agreed between Mr. Pcrceval and the Bank Directors, that the latter should advance another loan of 3,000,0001. with out interest, to be re-paid six months after the conclusion of peace, as a satisfaction to the pub lic for their increased profits. This sum was by law chartable on the Consolidated Fund, but not till all other charges were defrayed. No practical inconvenience could result from letting this mat ter stand over, therefore, till a Bill could be brought in for finally adjusting it. As the Bank, too, still continued to enjoy their former advan tages, it had occurred to him, that the public was still entitled to the same accommodation at their hands. He understood, that on that day a General Court had acceded to his proposal, and he stood therefore he trusted, justified before the House against the charge of neglecting this doe- want claim. For the other Loan, provision had been made during the last Session. With respect to an anticipation of revenue, he apprehended it xras much more consistent' with the practice of Parliament, to take_ ,the future produce of War Taxes upOn credit, Abaft to leave large sums of money unappropriated at the *disposal of the Crown: It was true that fifteen millions had. been charged upon ,the next year; but it was quite groundless to say that they were charge ed upon the property of War Taxes. They :night be provided for in any way . ; and all that was clone at present. was to enable the country to apply its own money,to its own convenience: Jr was infect nothing more than a nominal transfer, making the Ways and Means applicable to either - year. The aids upon which they would come to be charged -might or might not be the property tax, or theY-PAighkbefurnished by a new loan.— • It had been , the Ittetetiee to issue Exchequer bills, as the itightliQn..:Oenilelnan supposed, upon the different funds created b y the tvar taxes, which', from the different -dates whi c h t h ey bore, eatee They were nosv• all. paid be of uncertain vatie• off in rotation, and generally issued on precisely the same security, viz. that of Parliament, and no other. He certainly could see rio good reason against the adjournment now proposed, as he ap- • prelietided that the current produce of the war taxes, and the instalments of the loan, would he ful!y equal to any of the demands of the public service during the recess, 141r. : TtaliTaasr contended that the 3,000,000/. left unprovided, and due to the Bank, was a charge upon the Consolidated Fund at an in creased interest of 5 per cent. That a bill was necessary for the adjustment of this transaction was admitted, and yet the House was called upon to adjourn without doing any thing with regard to it, and merely to suit the convenience of the Right Hon. Gentleman. There was a deficiency in the Consolidated FuHd to the amount of 2,700,000!. without this charge, which the Right Hon. Gen tlema.n said the Bank were too good natured to take. A more wanton and unprecedented depar ture from all parliamentary forms he had never witnessed. Whilst the war went on, there was always an outstanding fund, and one'year's secu rity was as good as another's. Could this be said with respect to the Property Tax next.-year ? It was neither more nor less than a direct in fraction of public faith.. The Property Tax could no longer exist, unless continued by Parliament. The _Right Honourable Gentleman had stated no one eason for,adjottrning, unless be meant to say dial Parliament had worked bard enough, for that in . 24 days they had given away 24 millions—(A laugh).- 7 —The variety and import ance of public business that stood for the present Session exceeded all former example. •There was among many other questions, - that of the Batik Restriction Act . ; and upon this' he trusted, that -he should haee an Ally in the hew Colleague of the MOW ;,Gentleman - (MY! Hnskiston). There would. not_be for the consideration of ..this subject alone, between the 9trt of February • and Easter. There would then be the report of the proceedings at .Congress, the American war, and, he trusted theitmerican peace,.the Property Tax, the Corn Bill,. and all this business was to be delayed till it . woubl become impossible to pro , cure a proper attendance. • • - The.CtiA-Nckt.Loa of the ' Ex'clrEatiriß shortly replidd, Obs'erring, that by sitting before Christmas the IJOUse had got through as much business as it wottld have probably got through by the 9th of February, if they had been called together at the usual period in January. A Much better at tendance might certainly be expected in Faro try than at present.. With- respect to tke debt due to the Bank, he had only to say, that their Claim had been waved, and was, for the present; -virtually done away. Mr. ABERCROStRy opposed the motion of ad - - journment. e Mr..Roanisow said a few words in its support. Mr.'Possowny contrasted the situatian'olEu rolie last year, when he supported the motion of Adjournment, with its condition and prospects at present. He urged, that this mode of dividing the Session had the effect of shutting the Irish Members out of the House, for he did not believe that there had been five Members front Ireland during the last three weeks, when such lavish grants of public money had been made. The truth was, that the whole object of Ministers in proposing this adjournment, was to get rid of those opposed to them. The want of money brought us together ; that Ministers had got, and got largely, and now they wished to dismiss the House. At any rate, to give some farther time for important enquiries, he should propose, by way of amendment, that the House should adjourn to the 9th of January, instead of tke 9th of February. Mr. W. FiTzGERALD did not deny that to ob tain Supplies wits one main object of the assem bling of the House but much of the business of Parliament had been already perfected ; and as Parliament did not ordinarily meet till about the latter end of January, little or no time would he lost in the proposed adjournment. If it was au accommodation to Ministers to wait for the return of a Noble Lord from Vienna, he at the same time believed that the exposition which that, Noble Person would be able to give, would be such as to gratify the House and the Country. Sir J. Naw'roaT dwelt upon the inconvenience Which this mode of dividing the Session of Par liament imposed upon Irish Members. Mr. J.. P. GRANT opposed the Adjournment. Mr. MAR RYAT observed, that if the Bank of England bad.that day refused to continue the gra tuitous loan of three millions, then he should have thought the arguments of a Right Hon. Gentle man (Mr. Tierney) against the Adjournment of considerable force ; that, however, bad not been the case. It appeared to him, that the question with regard to the continuance or repeal of the Property Tax depended altogether on events which were still in the womb of time, and which the continued sitting of Parliament could neither pre cipitate nor delay. If, for instance, the American war continued, or it were found necessary to main tain a large army on the Continent for a prolonged period, he should think that either of those causes, or both together, would render the continuance of that Tax as expedient as its first imposition was ne cessary, That Tax was most objectiobable and burthensome in many respects ; but if the same necessity which created it required its continu ance, he had no doubt the country had patriotism enough to submit. With regard to the Bank restriction, it was equally evident, that the large drain of specie which would he occasioned by the prolongation of the American war, and the maintenance of a force on the Continent would also render the continuance of that mea sure necessary. A t any rate the House must wait for events before it could come to a decision on any of those questions. How could they judge of the Negociations at Vienna mid( they were finished ? To keep the House open under present • circumstances, would be only playing the -chit , dren's game of questions and commands, and answer no good purpose. He could not forget that-the same Gentlemen who now recommended that the House should continue sitting, had for merly recommended the husbanding our resources, amkwould have shut us up in our island, and left all:Eurcipe a prey to the most relentless despotism. By the very different policy pursued by Ministers, we had become the deliverers and arbiters of ' , mankind ; and he now wished to give them an opportunity of consolidating the great work which they had begun. Sir GILBERT IIEATHCOTE opposed the adjourn ment. He said, that since he came into the House, he had heard that there was some pros pect of the negociations at Ghent terminatin g favourably ; he should congratulate the Gentlemen opposite if this proved the case. Mr. WHITBREAD said, a declaration had gone forth from the Chancellor of the Exchequer, that such was the state of our finances, that those who opposed the continuation of the Income Tax were bound to spew what other provision could be made in its room. Now he bad always understood that it was the, department of the Chancellor of the Exchequer to find the taxes, and for the House to judge of them. They had heard that it was the intention of the Minister to re produce this season the Corn Bill—that Bill which he lost last year by their own vaccillaticm. With out alluding to the arguments for or against it, he would merely state that _the tune was most in expedient. Mr. Whitbread then recapitulated the reasons for which he gave his confidence last year to Lord Castlereagh. Ever since 1809, when a Right lion. Gentleman, not now in the conntry, made a desperate plunge against that Noble Lord - , he had been inclined to think more favourably of him. The tone of moderation which he assumed last year, in a most de licate crisis of affairs, did credit to the Noble Lord: and the manner in 'which he conducted the Negociations at Paris, with the exception of a single bhit, justified the confidence which be had preVionsly reposed. But the Noble Lord on iris return did.not, as the Honourable Gentleman 'had done, ascribe the result to human wisdom. - What else, indeed, was the cause, of that result but • the overweening pride and infatuation of man? But what was our situation now ? He would ask, after so many circumstances had trans pired relative to the negotiations at Vienna, whe ther the same confidence in Ministers was now jostifiahte ? This alone had given rise to the questions he had asked at various times. The Honourable Gentleman (Mr. Marryat) had talked of questions and commands—he might have said questions and answers•--,but the worst of it was, Ministers would give no answers to the questions put to them, for they seemed ashamed to have - been kept in the (lark - so much by thei'e Noble Colleague (Lord Castlereagh) ; for though they were. responsible for his acting at Vienna, he, could not be induced, it seemed, to • inform Them of what be was doing. For his own part, he (Mr. W.) could not malt by hiS own will, and therefore, if he must be compelled to wait, it could only be by the constraint which Ministers had it in their power to put upon him. He then adverted to Spain, where he said there was still a great deal of mystery, and he should have been glad to have sat a few days longer to have had that mystery cleared up. The adjournment, he said, was asked on the principle of confidence which he could not grant. He could not infer that the Noble Lord would return before the 9ih of February,• and of course there were no very great hopes to be entertained from his proceed ings on the Continent. If there were a possibi lity of bringing about the restoration of Buona parte, it would be - by such acts and proceedings as were now carrying on at Vienna, and for that rea son he would object to the adjournment, and sup port the amendment. Mr. BATHURST argued, that when the Hon. Gentleman was so free to acknowledge the confi dence he had placed in the Noble Lord, now at Vienna, in the beginning of the last Session, he must he guilty either of great versatility, or ca pable of more caprice than he (Mr. B.) had ever been desirous to attribute to hins, -- if he could withdraw that confidence from him now. He was the.more confident in saving this, because lie was certain his Noble Friend had not done any one thing which ought to weaken that confidence. The Honourable Gentleman had acknowledged that he thought Lord Castlereagh a fit and pro per person to be sent to Vienna ; and froth any real intelligence the Hon. Gentleman could .pos sibly have received, he. had no right to change that opinion ; at least he was not warranted in so doing, till the final arrangement of the Congress at Vienna, at which alone the pacification of Eu rope could finally be settled. in short, the faults now found by the Honourable Gentleman against 'the Noble Lord, to Whom last Session be had given so much and such voluntary confidence, were so various and contradictory, that it would be a waste of the time of the house to attempt to give them an answer. The Right Honourable Gentleman then proceeded to notice the several other parts of the Honourable Gentleman's argu ment at sac - h,considerable length, that our limits will not permit us to follow him further. lie concluded by submitting to the House, that no arguments which had as yet been adduced front the other side could by any means weigh with them to refuse their assent to the adjournment proposed by his Right lion. Friend. A division then took place : For the Adjournment ..86 Against it • 23 Majority 69 Adjourned at Two o'Clock. THE BANK.—A General Quarterly Meeting of the Proprietors of the Bank of England took place yesterday, on which occasion the Court was made special, for The purpose of taking into considera tion a letter front the CHANCELLOR of the Ex- CHEQUER, suggesting the expediency of postpon ing for one year the payment of Three Millions, vavanced for the accommodation of the public ser vice during the Administration of Mr. PERCEVAL. The Chairman proposed, that the Loan which was to he paid next April, should be continued until April 1816, without interest, that the balance and all business with Government should be conti nued as hitherto ; hut the CHANCELLOR of the EXCHEQUER reserves to himself the right asserted in Mr. PERCEVAL'S • letter of 1808, which the Public has to participate, according to some ar rangement, the large profits which the Bank de rives from the embarrassments of the times. The motion for extending•the term of a loan without, interest - was cartied. Coax EXCETANGE, Dec. 2.—We had this morn ing some few arrivals with Oats from Lincolnshire, which sold at Monday's prices. The sale of Wheat was dull, at a decline of 2s. per quarter from Monday. Having bad a good supply of Bar ley, it may be noted 2s. per quarter lower thap op Monday. In Pease and Beans there was no al. teration, to MMUS, d' Anatvev.-IFran \ ce, I Malta, t Brazils, 1 Da apt ! ford. Diste-1 Lisbon, I Haatburgh, S o°ll3° icy and Jersey, I Waterford. PRICE O. THIS DAY Al Ti SOCK Etv T r o'c L S oa. 000 Bank L. Ann. 2,61,95,pr' India Bonds, Eltcheq. l3 i lls, OLnniinn, unt, ""66# Cons. for Acco Bank Stock, 3 per Cent. fted. 65hf 3 per Cent. Cans. 6611 4 per Cent. Cons. gi 4-1 5 perCeut. Navy Ann.97ij 110 r S' ; „ HIGH WATER AT LONDON BRIDG E "„;MO . t es 3 " - Morning, 31 ininutes afti!r 6. I Evening, 56 THE SUN, LONDON, FRID.4Y., DEC EMBER 4,1914. We have received North American iiii . l) s ii te the 10th ult. The following is the Prin3ccill stforpit formation they contain, and highly isCsOilkus to proves the entire safety of lIPP er , to t " though it destroys the rumour i relatl taking of Sackett's Harbour :-- eriei The Americans had abandoned Fort P. the whole of the Niagara frontier, ° I/ eto co' proach. M of Sir JAEi YEo With reillf°l.C.see and Commodore CHAUNCEY had Very er- )6 tired into Sackett's Harbour, _ v. and tiou of its forts ; Sir JALsiES h a ving thr il to e ° puted superiority of Lake Ontario. ree cl° sse destroyed their works before the} ° g ttO Niagara into their own territory• for This, by the bye, is rather o nlucPl oos 511 modest Gentleman Mr. HORN ER 'S' a sSertl st accusations in the House of Coronl°lls,tigb, Government have Dispatches to the' ~ fo e , v on t ''' fo e We are grieved to have to state; -i -,, 0 01 I lc' thority of private letters, that a ve r7 , l til e d lignant fever prevails in Paris, Am°,l"(ce O s- k itt. tills to this contagion, we have to 0 0- 1 3er 10 ' big BLACKSHAW, ESC". of Hawthorn-hill, oitlifsi and his eldest son. This Gentletna%,oo4 g et Lady and four children, Lady Me s n o lt it E b ti ( l tf e F t i : $ 0011 1 , servants, were on their way to the when this dreadful disorder attackel west h t fi a a s n ( ‘ I v ( e l ep have rived already then stated. t t e h ( e i . i r Al head, rosn.ll: o : : : v .: : lath el. etdcc l l : l - 4 0 , accounts dren, but add, c n aa o lus t loe e x sa :: :l e na c ey t e,odf andttoii esrts:oerit%:bi.va to be in considerable danger. the Iniei, • The contents of Paris Papers to t i e fe' c oro are so unimportant, as to permit ;Ls to o to 1 11 a multitude of contradictory insertion till to-morrow : they cont,in,i o ils tlri t ilr spC0 11" ~` I re ; : tre subject of the Congress at Vienna. ' 10 1 1 4' of commenting on such articles. , I f it o f' '[he Princess of WAr..s has arri ve ' litir l and been received in his best m anne r i l l t i 0 11 sti , ----.....----- , h t, In tire House of Commons last Ing dicl A O q th u e e vr s t i t o r n izo o n f r ; ii n.Adjournment,arbun2ent, the io T a a t i r e i n a t i s sre 4 pio i l i4 t o r e. : bers," and the result was, that theY L P , P [0 1" survive ` t he ed the equality of their powers in hn t ,' v ho ait P; three hopelsss helpless Gentlemen, 011014 fain be Ministers, most courageonslY 4 t h 0 00 , 4 117 the Lobby to be counted as Noes, 'l ll y g ee i g , the Country, that the Opposition ° l it all t bo o l be described by the COIIIIIIO II adag e' 041'00. and little Woul." But what must tit, i toPr 0: 0 4 0 i of this little Band of Heroes-'weeics Squad of Thersiteses, who by thre e o pti9: s 4 lug - , have stemmed the torrent of!P dj an tl th e y saved the liberties of Europe.--Tl"5 0 1 0 in. Co one short of two dozen of Patriots, ', e t, si l 'i s te r clays during which Parliament has ( r e d giji Lif t Bth of November, have dune-four ile a 1 :f 1 1 '; Powers of the Earth. Let frightened Emperors, and aPP S rISS o h isf o r i l the i l l " 0 0 l e e mopylae hereafter he forgotten to 1 16 O tt , and rise some greater Heroclotasiroiticlborifo,l the columns of the Morning t utl if 0 , 1110 S OP ( lc more superlatively devoted " (Pnirotil fe who have stood in the Gap of it ia „ - old ' t i t ri? l , l l ,l rescued not one Nation, but IN' 3 l -, 4 ,( 1 1 21 9 - t ici‘..i'' struction. Hail ! ye illustrious , rop lie f ialv firm and unshaken Orators, Ye r P ib ole j ol i e omniscient Statesmen, ye inde sc o OP e o, b i t° who, at the rate of little more day (between one 1-6th and 9 11 i t yli 3ti done—but language fails to ands II n tlia e j /t 0 1 5V:j abandon the task in despair--- , f e foi r ..---- p e bo tt v del t. t Being, thank Heaven, the '" ti iS ti'l ll4f , have for two months, we have o i t he o' ' jell i rt the greater portion of our limits t .s i o o ` f Sf e , of all the points dkcnssecl this S a .e , : leo ts:. if °foil last night hashed up by the i r % n otb o ll :ri t s o , l aware it wants seasoning, an d ' la vetY c / I ' ll 11115 salt to recommend it—that it is. aco it n fa r reason and very little creditable to It s . it lit pi •00:5 . e we hope to be excused for s el T ri t ei til We have no space for obse'isleud'oecli:eilt lents, with their wonted h e ll theyeobeotede; debate on the subject upon whie,`,.o,oola ebillh'?, formation : —Nlinisters thoug hti r. 6 use plic art v io l alone—that it is the last:1,010, oil' . f ill; have the information first,and re e r t t he 4 et it f i i , Mr. POICSONBY, unable t ° , tS a t leci st ,foo; ' l, h the horse, thoughtlith.ey raignLle ( ple'%,,e o ‘ , %; side, and discuss parts of ti . J e d' 0 ., , r;o0 0 0 , this reasonable proposal ,rooisl„sbser,fijo'ltiti WHITBREAD was as v ulgar a"' o ibls -, c nif.„ , ',, MARRYAT made some . very s e- o dt' l .„, so' Pi its ), 3 v et, t ile .I.' (as they spepk:- our sentiole' w ith a , z of cos' 4 ,li tnent was agr e ed to . This, _.c. 00,0.:,..0t t.iiiilo toy gatemen/ from th e CflAil is 0 01' ep tl i ' ll iot CHEQ.WRR, - to .a le petition O t ‘ ,.. ' (d t ' too ; I) predictions -bv_ jug. 'l' rEws.s'..' ti ,e Debater !) is'an Epitorn which fills our pages. t o • 7.7 . e'ef, LONDON a u i h Prlitltcd 0• 11f1.:11`11,1,71.e "ilalngs'; aruf imbliihvil Un a at Os SUN-OFTrez, No. i ments, Orders, Letters (post-P3l4)' at 1