The Sun. — London, England, 1811-03-12 00:00:00

~. ' ; lions, the falsehead..4, anti the misrepresznitalions Whi , 'h la=l beet) heard in HOuSe, , South rica,had been spoken of as affording a tuarket..that . would Like.;tlloUr and that'he lOoked, upon as the great cati.io of the recent whines, 'Sind to wits of 'Which the tnercrantite world at present Cocliphitiett. The I.Zl,iit HWY. GOtteniatr had said, the ,irestait state of tintigs to be considered - as bata.eurperatyk-ithou;;;b;it.ttlig!,t beof iongercittniticni th aft t he Ategnat loa and. uktor tht. ,, Se ctrcurnStanceS, lie " 'thou ht tneayile ought ttibt repotted to bud - beektddpted on ti,at acca. sion, He eoold not 4iglee , -,with this. Vv r as the market nOnutli America gluttod at- pre,i4nt ? Hid that , cotimtry at:pit:sent ~ more of ,our merchandize than was sufficient ler the consumption of one year if ..that were the, ca-So,t , the British maeufailureta kili the stuck . Was consumed ' , He could nut . tell . to,* hat amount that , country might - be s;oelted with the produce 'of our industgy,-but when 0,000;0901. were thas callect for, he tiniught they Bad a right to conclude that things were 80 ; that Ny:l4llotlt4tlCit asSiattit,Ce they. could not right them selves ia less thou one,.two, or perhaps three.:yea:s., The Bight Honourable - Gentleman had, tallied. of thezreat trade of the country, but, he appeared to labour under a mistake:. .',xports'w.ere not, trade; but he, had spoken of theni ' as it their amount was if sufficient proof of the fl , ttirishing stateof our com merce. If we made extra experts we ought to ittive returns ; and 114 inStcad tlf this,,!Wbat we scot out lay - locked up in South, America for two cir three years, it was not thence,to be ,in;terred, that because our exports Were laige our trade mustbe . great. 'He did nor think with the Chancellor of the - Exchequer Olt the present stagniiition of trade was to be traced principally to Schuh America. The state of the Ettropean markets,,was, in his opinion, more int. mediately the cause; and tv hut prospect of a change its theta within any rexlovable 'thine cold the Right 'Hon. Gent. now ho d otit,i It. had ben said that after a glut a brisk demand ‘.v.i's to be exPecled, and stagnotioss of trade' was, usually succeeded by a most advantagi.-ottreeharig% - . He was aware' that it bad beol , so.htthyll,,, out 0 had been so from events '..ere not suer) wtfe likAy tet bileur s‘A'airt. 'The is !lw i. 4 f,ff tit:ll stl-tiously dlietted their itt 4 '. terit,ioo to thri, enotnilxion of our th . ey hail L , t:en hotel' :the borii ,, r-i of c;ceiar by the AlHrrian The ruade a tat - w divers:on :it fav,out ~01 our corptnerce, but 4 wh,tt : thvte that such events -tet. , tiht siyttn take -place ? They bcd—forinerly been told by . .the.hf;t i p 1 ,Gon , tlettaan that the rdite.:ls - of Iferiev shut the nurkeis of the (iirritifient , •bot. (i.he Chainallor . 0,-the, -.Exciter - 1nel) :had 001 all instrualtait' which Ooid ,00 („) , p0 theio anti .i.critore:t nation.,,t Jorwattl lii.4 - Ortl - r,or Connelly.: which had been sanctioned b ) o- ; e4 1 ,6.010. 1 •Itt. N.e,oul,i hot.' it they had produi, too iii ;t .ettei:',t, or thi-ro were aoy batty rl#' theirsceorripliihitig. wit on a short Utrltl,the oth:rt l:teharl invitiw?.ileoni I lie priAna .of tiiir " intertainv , p„ , , ram IVetC . 1414,,.r, 4 I•t!P.,..t,);ioToe, t:tmi pioutice was tip ro, ill I . +111.,,c1 ,,, ti ot nor ttnable to:tind - it for it no Contit.eht. in. iitee some re;sOn, collo, 3—, to iner,: , tis:: the tli i • tr , ..ts, , white F\ titre hat, coloo.ci, she - did Pot inferdictc 4011 W pi ! c,toce inaCit Engljsitchloili4l prhdho:,,t,,it . na its A:vay to the Con .tiottat with lite pro(ll,l , e, Ot, the' French ilfroin the trity,neur - fianee her Wort, fncinia furescsvins, she couldlarce no interest allowing 5.0 'lmportations, awl Ato l y vere in consequence. 4norc h,c4lyviciudod•tlifin before.. In recommend ing .the - autiottie now before the . House, the itight infortv , ed the no mischief .coeld.:arisi,i from lt, as,. though touch good might 101. exltefiluenv, not•i'v any Means do tear tf. He (Mr.' Pi) did tint think foe. ht , i. part the .o'ilaritinent-Was an peafellyharcni - ss, and the, Rita :lmre 04 very : 8111e. 60013111 do good. :Lott' wished it iniglo „but it to hiM intpqsible - torettiro that-Hstate 49tp which they *JIM been unto:lnnately lir;rl by :their folly, in a way isto 4 very easfarid tree ,front danger,' That bi,trif of emery; ize which had led to 'suet) fatal cooSecineocti • ought tel fiats dixcouraqed, thit tortiething•hkel stop iiitotild l,r, pen to finch wit t and unprofitable spect,b .tions.. The Ithibt' Hon. c'iota , ,lototni..litsd . ti. - hl them thin the - rouney• to lo , a:loratiecd would 1;1c - bantoy,. be lost to -the ,o )re Chichc'ellor of the ttiV liii - :ivotll.l•ortjtNet , " , •;tx , ' to wiry On ttle OCC,:t 11011 ,vouta c.,2ir ,t,,,y, uw.; wtii, to .t,fit, Ittt .thirney, b,ttt , lVitt,?rf the•Ohei:;iil..ti f,t,(3,0.0Q,0q0-1. '4) .Echeritier just alter . airy had voted. 12,006,(i001., - and v.'in - n they retitt - .lcd. that all the tiroulaiitig medium at liTc'Settt in i nt! contory was . paper, it tvi4; their ditty to coniider how far they : oil',;itt to countenance ~'.;ell vitensive iS,LWS Ot paper ntoiloy; Ile thought if Wits their first Puy to oar-, ftr be, tlie, circali.ilion al paper. Whether or not Otqy had thaw ritched that period !it which it' wOuhl i.r t pitver fo.it alt t o it A . 40.4C1 ptAer yr:Ai a • Cltitc,iiiitin cvU vot,)!;1‘1 1101 titre to ,!raid`e,''but he thot4rt they oWOlt tC, do soinetlithg: lONVArdi , prittit:g l a titup to Ott extizreitOtl of the pap,r circtila;iim.. It I veititutt task to soucitjci 1'41101 , m seterers,' who Stitrertad hut, 111{ 1:.l' the, u otheri: Feteitog.tinti,. 1:',110 the sense, Gi n t.ie ilatise on the sithjt - et, tut kiving hiaite tht:se teW othervationi which' he had thought it ty to piste, he still should give his entnient tc, the Doiog tnia, 'melt oat act strioly - up to 11 . '4 deity, as he thought the priociple of a temf(hit,y robei to 1;0 h4rtn t tt.,ii good ; bPt • iin. das st.l‘;'ll cirephisioloces its the prosenti he had. tiof, tetiolutiori efAugh to op lose that vvhieli afforded apy „ t hi ng ' h nChance of alleviating the disttepti. of i4oie 'ho claimed their assistance. . . yjr,kriukthisioN thought th..t attention oflatija. TP(.nt dtwhttdbe piirlicul4rlrdire4d. to the 11100$ of r4ieving ' Clash di persona wtiosi: b c ll) bal t lass7 meopi involved mail indtotriot”:,,ineto Qrs . v the . tom mu m m ty ale. deepest distrws. Tha . rclass . :torsi rot te%which he had . ins dais, :These, tram the situations •in I.lrey.ist,ptati, hid not brought the calamity. 011 r Wein - . fly their iyprodence andintjustifoble specu, laticin6„ 1.44 AttOy , (11,0 41.11 :3e,quicp ale erdersthey,.. had teceiveitt front the.„inetelrants,.ftncl were.distieiScd in CcAVA; l ,l l ,lln;t: of the fatttr bzitr4 unable ter taie the. a" /props* . retires. Not,t•it: , standing the onuots vvieee kilt 't bb ; kit the with reSoeet - tc - the ellieneya the :Is ntl acCitiitt tis• illCnit vernences ml4lti cx;,,ecte4to arts'.', irOalir 11l a case v!,hi - yr, the iieces , iit• VA ag urg,o3v, h WOlll-111 not or pOst.: if, or in v way of.yornet fne:ptifiv , ler itieinogress. The Right Fien.ti,nllenian‘l::ll94ioo:: Sat d bad constifered the cause ; toe' preoeetceirOi-iiiied oc . . to arise inincipt4iY frorn eircuiteitintiesof the Markets of the contitieni btAi,g shot agilll6l onc : .trieacliatn.;i.e, • aod• - had.eontrastcd the ttate of .things at vesent with the cit nation of in 1703, 1f such weft the cause, it, teould not be to him a subjeCt of grett alarm,bet this .he was decidedly of opinion %v.:is not the case. The pregi'ess oaf the Fiench ;front had ,beeit gradual, and , had that been the Cat:Sti of our coornereial embarrassments they must' have come progressiVely on, instead of bursting on 'US all at once. The Report contained little more titan the theory and dodrine . ef two respectable . persons who had be , . n examined'' by Ole Committee, together with the opinions.of the 'Committee thereon, o kit which he ac diet They had sta eel it to he the opinion:Of ttie vt imesses that relief trout 'lament should be given, t. 793. It cvai true they ,adVnitted the c,irconistatices of. the cas,. were different, but this 'he„thought is not :'eneugh.— They ought. to havieli ,- .'en more explicit, and stated wherein that difference consisted, to 1703, the Committee appoiutted to inquire into the, subject, stated in heir Report; Ilea the sudden discredit of a couitiderable quantity of paper, from the failure of different banks, caused a 'catchy of the circulating 'medium, Which could not be immediately replaced . : on this subjett the Corninittee'gave it as their optui- On, that 'their circulating metfiurri, should be in , creased. Their Report cont.:lotted. by saying, .an equivalent ought to be furnished for the circulating.' medium, Which had beer, thtni'ituddeely withdrawn. A:stoppage hitv lug taken pface.at' one boosts, a Mrs.:. picion immediately fell on all the reSt, and, hence the scaicity of the - ci'neulatterg roodinut was ()Antall) , to .be accounted for, oil that eCt, , ASiOn... months after that, with ail (he maikelg.of the Cote 'Meat opeieto us, the markets and .inanefa6lOrieS of Eugland were in a state of . total 'sta,guation. The pubfie. securities were' exi.essivety . depreeiated, chequer Bills were at forty per ce:nt. disco t lilt, 'and . Nrty Bills were : at tU Or ► I per cent. discuulit, 'and it wag impes4tble to gain discount for the most : Cplbi.clerablC 501 n. At. present all' Cioverninent 'Coin ies, instead of kitting. itt a discount, bine a ,pre , We now titid wita a lean hanging over acrlOulltillt!, as lie was contithoi, to not less than (23,000,0001. that Lxeirener kills were-at:a .antl, no diffitluity ,whatever was expe-, re.beed - in obtainirig diseeunt for a bill properly en thorsed with He was given to under, stand that' that mottling (yesterday) Navy Bills had been (113.1)1111ml at four, atul a halt' per cent. white the otibli . epaid on them but fi ve per coat interest To cwnpl,,oot it the Bank yr:6 . MA thaiiiillt.Were centinea.lv co . .nirig in-to be discounted, but tiflit ti,yve v:as a un f it of such eerning . in' tor itisenunt.--- T'he ill I h , r 111ney market. was very ditier• Lot 10 whal'it s'+'titi ill 1, 7! - 13 . Then; he who v i (onid dkeotuit sa ere the' parsoiiii: ;not • to* be fotind,.. now that 'there was -it - seareity the per- Sens Wanting such' aceorotnedatiens, In Ile: year 1703, thee WaY a gentirai tall 19r the,price ergoods. Wiis not, as in slip ,preseot ,insonce, ,Cotifined io any pa. tictiler class. , en all arpcics we're atfett-' ed by it, and from this circurnstance iiios the canoe of' the shoriness 01 its duration. In, 1,703, the t:e.;,.s of the present. stagnitien: were not tiNtigili ; .no OV trad , ," . was then compliit d of, but the di ffi culties of that day., drosu merelyi m t trout circuirtstin.les which he had already Stated, The Bight Gentlenian then took a view of the state: of the cimulating inedituu,,in 1707. and 11368..' In the latter yenr the issues or the /Link .antOtinted to but 17 million's; at the present day ttitf,werc incre di e4 10'23 millions. I'hen discount rpc ld hot be obtained on the best tieCnrilie3, and nobody eould be r o und by I.ishom it was wanted.. At,' present the Bank, far from confining itse,:(,..to assisting the: commercial world, had purchased Government ritiLs io a considerable amount. He wished the 11:.:pott. had been more explicit, in die toportOr 1793, and in the Report which appeared with the of Mr. Thornton, Mr. ChiS well, &O. it was , staled that at riot One of seven of the principal houses tiny accommodation on bills be obtained. In that ; h twever, he temembered . . there way hott,,e of 'nose vc hitch slopped payment - 1191 alteritardll ' pay In full,. possessiog more Oran' the amount of all the c la ims made on the P.Onl;e./I).' Ttii , 4 1.01.66$ examineth.,,bild .Stltted the t2l; ll:tt•ll'ttil'r't.S `.t ;JO ca v itals to be rho persons „who tt.ith i the ;re...teat .distress. Under all the cur cuirtstabees, lee piestion was, , if the remedy sottc:d'to in 1793 ou t ;111 to be resorted to When the of things ? The ,suite he Ittoui 'relight he I rae,d, not to - the want of fact for coinweree, but ito the too great Ifsedities d to„specola Li on, 10 consequetiee of tt► is, P " I.l' is, hil formerly carried on their speculations taceording to.theit tnenni, now give in to the witviest luitet!Os, ti'th,, , pope of tealizing ektiavagant pfo. fits. not,' .lirins of notgriouly sinall , eapi.;ll3 risen on a sodden through this , to ba rriCrellant of LLIQ tii*%l . consequence, ? evils which now prt.s,id it on the comilereiat world, were not .proilticed by fair legitimate ,trade, but by " whole sale the :present posture of affairs, ofgoinbling aught not: to be 'elicou... ra'g'ed. He is to ask, under what restrictions the relief wflit,,tb be extended .? lie was apprelien. sive lest, iustead of being What he could wish ii to be, a salutary relief to 'the distre s s e d manufa6tarers ntld the thuosands depending anthem for bread; it ShOuld be productive of. serious evils, and teed to rake the prices of comModities, raising last of all those at . present most depressed, ifs, from theirwatit - - ingts Mat ket, mast necessarily' , fie the case. No ' thing Could ,secure the interests of the. country, but the"takitig effettuah meant todattip that spirit of ea triviti which had fatally led to 'such Ininnus spe4 &illations'. He wished to - know, it the ClEineellor of the Exchequer wrintd not stieviSe soont.teeans ter seleding proper objects of relief, 'lord tar go tidin g against the sui . lllitidvanced being niisapplied ? WUCt securities would he exact to: guard against he money borrowed from the eottintissionera being made use of to purchase the new loan ? They had beetttold:tlie bookers could not-, niake fittiller.ad vances Loc4utic their' napitois .iWerelocltod up iu bat 111101,11. WI4 ; that others 'were leektid up in ,Sguth,Atnerica: • Theßeport ex r pressetl ita expectrittop ihot retimma • ftir the .10,0 might ,. belooked for in • yelf. . Other, &sp'h . - t lli,,kere said to 'be leeked up in imporl4; and , lit t rs'l '?.want of a market triate iti ,p:irtittS Ithvi i,-- 1-% fe'rgir•4 trot think rhc.s whn o•ot the - canses - 0: tine.: i..l*tpiht ' Stag - CI a lio of trade was, from Soath : P..111,- ricobeing overstocked with British - pioduce. I-lid no los , .es lx:en felt where a market wasexpetted so be found, rind•the goods sent put bee;r seized and eutlftSealed? - The Oils submitted to the House would ,to good, more or, less, F!S it Wl5 COUtill , CI t,t) ' 'llidStf, CIASIeS whom the?' ought to feel inOcd a'nxious - k.,' - . ro relieve. When a 1314 was.bronght in on the Subs . jea, he hoped parlicillar 'attention w Mild .be Va'cl fo: . . the claims of tha . Sntrering ITOPtUrailtltC*TH win) were ipost eminently entitled to the aid of Parliament. Mr. Rose wits of opinion with his I.liglit• Hop. Friend (the 'Cbancellm'ef 'the' Excho'quer), • th3t if , the Plan.atforded.,a chance of relieving'the distresses . Ot the commercial workl, while there 3,145• neprOba- bility of its doing injury, that was a sufficiOrt gi-Ottod for its being-, a.klit ed. A great patt tof what. had been stated by his 4iBht Hon. Friend with respect to the situation bethings•ED In 3; Was stated to tti: Committee, yet, with all that before. tl-4.!rt - eyes;" they gave the advice on which Its Right Hon. friend now acted. The circumstrmeei the Right .Hon. Geist. (11r. EL) had stated, respeeting• the fl:lAc, wi-r.., lit • thought of a very encourag:ng aature ; but't he Bank only discounted for sixty 'ills, and that would not answer the purpose of the 'merchant ltke ExcheriOr . Bills for nine or twelve months. Fie (Mr,. FL.) had , . Bond, that in 1793 the whole. of .he bo.aq:s that - had slolVell payment; in, the end proved solyent. Irt . this instance his memory-differed frOrn that of 'the Right' , Honourable Gentleman, as, so far from that bc,ng the fad, he remembered that more lililil 'l6ll a them it ere ultimately bankrupts. in the tow n,•.of Bristol only, there wetesixi some ,of whom dilknot pay more 'than ss. r ii. the, pouod. l'he link, iti' lending money t o speculators, did Out a, 3 1 0 private Ge_ntlew.ai would do, advancing money at .13 per cent; on a mortgage. The gamblers - had felt the effeets of their misconduct, and now smarted for it very' severely.. The merchants who had not gone out of their way, it was the ditty of Parbainent to Protect from suffering through the bad conduct of others. His Bight Hon. friend (Mr. EL) had,.,x pressed a wish Ova the relief should becolifined in a . great measUre to the . suffering matilltacturers... Ile (Mr. Rose) trusted proper objects' would be relieved by ibP Cortmlissionets, and that proper measure's , Would be taken for gturding, the pnblie.: money, ties, if the puties . .OUld':not give good security; and prov , there NSTA:a probability of bs'belog rooid by' the:sti pulafed tirrie,lt. would ,bd the dU_ , ' ry of. .'the Commis- ((loners to - withliiiid the loan. ' When - the inerehi)tO`i had - seen their goalls-to - Ameris.a it, was tor them to ktioni' that the. : tr arlct w;.as s iilnat•; ', "1. When; hi collSe(pience on their hands, witliouttlreie n '.fe thought they rc. ..t with a fairer - ela.l. • ; • tlemati opposit . 6 1 ; • . • • ; ed in that Ilonst ways the oiuse of (gr. Itese) had stated, that' the • ; A.. • ••. • amounted to abiant eleven f e • five or s. .1.1110 104 . ...L. States 'of America, and the're‘t Wept OH Ainerlea ; and he h eure'ssed a C . .. ports to the SHnish and become gro.a! attera. • ; • ~; .1 ; 'from ; •,,•• , their cluentiy, instead .'of the 6, ,i; , 12,000,0001. h;id been sent. ; •-•;1;.... 1 ..; ;It that attsr•lowiestatenient rho , ,!,, this, and he would Ali' tt:w,asiikt.l that aoy :r -eliant:would 'engage' in a great and f.-:vensive apeot latinn ..ort' such' grounds ahane"? Wig h respellto sniff O been -- clif our eB,l6nies„bo;tx 'A burden io the .entnitry iu‘der:exkfing tkriaarn.itanceS, lie Ask it' the Bight Vfon:Gi4titietnanfecolletfed;.' thin our colonies. employ e d one-toUtO of our navy, ntie-third vi our' seamen, aid coniributi.ld tive itt million anntishy to the lie VOW:. ?:" to r stittie blither the I:knoll:rabid Gen tleman emu:hided a 'very :Tittle specch, expr'euinhta g . cen viaion that thin 'Resofiatte - ii %../1.A.L.1 bt atrOpt cd, and that it wonl,l belouna the CnininiNsionets appointed disc:hatted their duty in ,a ,inatiaer. Mr. Ilusxissou. and Mr. Ilos2 Severally .tx plained. .4 Mr. Hi., i i tiOawroNliad Celt tiVetse the plan at first, but when heard' of the distress it Wa4 in- . tended to alleviate, he eittilSpot reftiSe his assent. In 1793 the distress was thare gp . neral'th:an 'ak Ore. :-.,;;It; Then tailutee(had Liken, praiiti iilmrotit, ill the principal tovnis;.*liielt tins trot the 'case at pre . - :xtit. The 1 - ionourable Gentleman theft :look a corn.; prehehsiy4 View of 'the state 9f,:LhjogS in the year" 1793,. and comitarettit the pus! Lire of affairs at the present - day.. fie hoped pr'oper regulations. would be in<trie to m;tlCe-.tile plAil they' wer e about to ;la upon of real.' utility. some. 10 be give n in partionlar not •on 4tner4l Ile 'thought it the dory of the .Mouse at "'the crises not tei ice t neir retneay extend ~bey.oili.j„ihe ate,eks4 . lfY of - tie case. - Mr. CLJRWEN WaA prbpcise.d experiment.. He, thought the C.:utnitiitte4 were right in not giving ft delailed',lteßorf, as in the pre instance it' wits de;iratil6'that• what was done should he cloile with eXpeclition, 'IW 'Was far from thinking that all ihe t I tiVartaisnitiits experienced arose front the market 01', South- A.Uierica been glutted; to . beln a'great meitturk; owing try our having nO dehlan`ft4 America (the united States). The Itesoltuion they, wire. aboutdo -piss might afford tertiporary'relloi, ntit .ttn less the evilti complained of were, reinove,cf, they would return' with accumulated force. 'He hoped the 'Right Honourable ' t Gentleman %wink! now discuSs the 'Merits 'of 'the t)rdurs in' Council. He trusted he would at regrcl7 lest; of what his former opinions bee n, He hoped these. ()cacti would be repealed, Which were in I IiQIIISeIVCS unjust IOW3Id, America. • • Sir ft ottin't Patatr. siid, ihnt if the cottoti.nia .. nu(a6turetti were, the only . persona entice:riled, the telief !night be withheld, perhttpil without intich injustice, but not only' the cottnn-mantifAdurors but, the hind-holders, ti d rnaniother 'classes Were deeply intei - estetl: 'He..could itate,it fa6t, thet the ma nigAttar4fs iripel ivriced ntat distres'i 1 1 1 ::, e n t : 0 1:: : 11 tlicy dt,,rnded oit speci,e, . . sion w , .. .0 n.Xpetied, in this,,ount;y; tit; ‘':' '''' tt-lct , t'f.; ;' t‘lll.ol:frtehen44l:•!.(4l)l').:lsee ttijiiP;i7l ii''''ir.l'''''i ,tralf. t.. • i:oUrtir-,: ;mold i` :are h, Pre' . : - :::.. :•••Int if Cit.: - :y were to t' t•` '_,10i..: „ • ',; ',:-: ':.• .'. Ut 1:1fe yeats'incte,i, in fold 'vital it ~ --:, and the cercubti.r , g ": subjetl, •!'''' '' • nut to 1;:-.30j ,-/ut•t.:eat.'Ll- io.'ilti,eprttd'" I)eg.-;,-A pardon of the 1-I.6it: rbeb3,—., °it."' with I . ti,i ,ob;,..erations:but hi: i)le to peril - lit' the question to ptlo ''''' i n g 11.15 i!nittitlae for the ititelik! ; :: - :,, 1! wot - lid. att.4.tt: 1:411.-01. hk f., :;iiy is 71'1 ' ,degi,t'e.; rillt, !edit Ite.Ciiuld ; , feeling: tor :thiise who, tho'. I. li''rently tit toted, had once f;.tssit , t ,.i 'his fortune; -; - . Air Nti :• ' - rt' ' -a i 1 ki '' . ' I. XANDER-',AaltiG eql.i.3"!'' :4 ,i:!*,-..ti,l,,,e,,tibus would undergo a i.uidiii;"-:tgl'"'4l; .so,ne iittore i)eriod. AVith respect t,) 0 1 . 4 ' ',., e: . ..1.P . ie tr9iii ‘vlll - idi tl i . o: , In i 3 forttio, . 21 rc i " L '' '' '';; ‘ !f 'l(l.6btelly inillienced in a tn,:terisi I:e4'''''.i,l,-t Political tnea.,ttreg gve,ltte4ti,c- t‘" i. ) el ' ~,,-.) the , Wan't of a market. • As lung 4i a siagielst4/,', '''f'eti,"to::#4, t hat f purpose :W35 aniwredt b i „„ t :bi n. were all closed: at preetrt, and' horc'wls t ill '; o lire lif ' tl of . t tie , pressnre %vhich they -vide - '''',,i t ot upon to' remedy. :, Wit ly - regard:. to the , sl'‘`"';' ‘ q 11'"'''.'`'dves., they - were perhaps riglillYO*C/bel:pe a 1 --q..,:filt . Non: 'Gehl:lei:ban , Avbo s". id' li° ,, d h C i' c '' s l! ce.4oeo _lroni.. thfli ,SQl1..01" gtt.'e(iiiins. s-rftliiiV to exclndo all others frOtri the ,Sil4W -auon7i'itiO thr2re :was niie consequence of the Pr4.'v'rl.):oltl which: they wOald.do well, i: look tut I: 1 . 41 ' 0 e could not- trade with , ~, isbe Ines! fit* e f,,, „,',;,,i60 1 , roil lire for Ilerselt (a inni4 tl pos'oibie,ttir:',4,lo so that i ii I; i po,,t.cal quettott viai in reiti‘i,:oool in :, very grdat degp,o. ft,e, tltief4io,ll""it,yttioo .WaS, Whether a-teinrorary pr.tvi!‘iui t' 4°1 , 1 viiiii t4 , m the Pt . c,crit instance- ? a' plopteatio .• lio t e r was inclined to give his assent,' us be i !,: t litito C but proper that whatever arrangelPel- 9.6r‘t'' might have Made with the ntorchauts slat -dij ri tied. into effeCt. The' e%petient, h''''''''Yffrfiio appear to hint to g ive w i i. at ttiey wauteal3o:so. 3 0:dt wanted was a market. fie .warred Ole 1 'i t „, 114 ., exPeding-that the-money would be rcWl"eli 11.1,i g likd the period' tmderstOod. .144!„.1..pgf, objection 'W:li that of the Bink rgigtti j'''',lo,lll' tt VVai knownalready, over ahtt ud° l ,, r it nperation ot this' Ineztsure...lA'oulti mere b lo t P i ,,, ttti% As 'a general tneasur,e, it Was 11 j oir, i c) ; i I :, ) 1 1 % .,,,i i : 1 : ),.. sc t ' ' , : e : 1: . rli;arl...: Mitt l l ;. l : c ~'' , :c t . e. t n! - a e log r o l e , t 1 h::::: 0 : 1 , t . s , T r It d i l a l ' ite i t i 1 1 ,7 1 :t J ust l i t d i,.. : ,:g : , t :ie b - t : in l e ui : e f: jr • 8 : ity r oi b : l i r) i,,,i 1 . 1 .,1 1; . : ,; . 1 , ,t '' ,i ' 1 1 ' 1, ‘ : ' 1 ` 1 1 1 1 :: 40 t . ' ,:i 411'1 , :,t. ' . ):: ,i,, ! 4 : : it..: , o , ritlf...,:tloa at I;resvtit;.;l4' he. (4., , !ii it 11(0' ' c ', , i , :4 l !'' . . . ~, 4,', It, '''ltti..'the -night. 1-I,bil - (.::;:nit.c‘f - ' '',..0" : ' I".o.';e);,triat the ratis.t ‘ c; 1 ich fit, :f '-'n :': kl'i'-' - : 02 , ,, that t i ' ' ' l. , . tought that the i ,, ::::: . : arHi - rhg every dtspoiition tt) ~ ' '''..„,",,',, ) •' t!lann et; ccnttit.PattJ';, ''. • •,,,,,,, t.t ,(I,,if.e.;t,,:ieiiritclltt:i:,-.1,,,ti,.,5.:(., .r.l:2ltttleille::lll,rcl,il:. ' V ' ' i t: Y )dt ir , , 'i . i I - , Rost , : ma iNir. llAtittfi c• : . :.. ~.._ _ i ts. a ,- 3: i...) tt.se,.. AN ts -.• _ c....i.4.,r.,(i.11,f'.7iti11.;:i'1a)i.::1..ci.;,,t..1,,',11,151ati5ic1it:;:;13.'1.1;.,,,,.• ;', , ',,, ,''','''•'',.','. ~,,: by noptlcttr, 1 : 4 . '.1,..! hat. if his. ilif;ht. ;192 f i ' - " d tOrtfe i • t , . 'I , itw ,sense of t he 110 i; I,!''''' rnsrllo,,tiltl:e.):,:(ll7trilLtrite,,..ifft)rol,ulidlecliivoi,.:ll,,i.,, 1/4'.::: ' . 1. ' , : , . 14SetieSS of its assertions ; it rnere'Y' l ;' L titf ] '' '' I ,''''' s atntF ft onl, t)v er- t radios, 'and 0tt,...i.,.,ci., ~ ne,delived by giv -. ~ t o 15sis.,C1"- i'd::' ingsnon,y ~, 1 .1,,ii. :,:di °:PP:l:oved of : the leCllli.' of tho ,a1,01'::, , .' • ~ ,„, oppcptitq, bat was of opitilLitt, ti "" - :" . i. ) i t ' litl': , o per in him, it would not t..e prokci '" ii ill ~ - ; ii. t.:ommons to iiidulgiu thorn 3, bds"i e " ~I,ls l' ' , 7 t it , Ilr*ii.,le of sti;:h 'applications 'so' t o ' rt ',ltg . ,,,,, pr‘:tcoeo would never bo ‘yaiVed 1-3Cti,,ft P:,' „'J It appeared ,t 0 him that there tk'ut t- ' to i,ietP; i .speculators who tnitgitt meet ti itlt ° , l ',, : itio , l 'f.. fieulty : two of, them, being aduuut'u,,,,,i.,Ocf,",i! public in general alight be fitvouto.64ci•Lifl,.; t ea t ; ,, meant those Who exported-Go:Mr(); ; i ot t, it.' i ''; a ft counti.y, and'thoSe who itnpotlet' ' l4t ot, i ' 0 c materials from others ; Stielt OPC. cn i,i. 041,7,01 e they Of& t o'Vrtrade a lit tle,tolg,' (Ott ttict79t' o.fly :But the third sort to tv,hich be. lii!' - 1,, itog . i ,,1 who speCuliiied upon a t t i!:11.-!4 :liritillY. o il . 0 1(4 1i ' and sought 110 other objeo 01 ilvictcl .. -- ,tl 'the ppclet Of the rnoni,polimt. I '' %te':,,,i beneficial fo 'any body, and t114',1•11,,,i,,t to 1 , 1 ,!''''.l.lL.'",it'thsl ftiiled in ctn.; c,ecprent e,' t",iTett(i.,,i.?)io mitteit.!o..perish unnoticed. '„ Ti1ee. v . e ,40 1 :541 , : viiiich they - were to clei..ide Wai . - 1 4 eid"'"4, terested perrdnifi, and I t , ,e fair it)lei'cle ti.,',00'4? from that circumStance %vas ti'' l , t i ' ,,:ea t e rio necessarily_ otaggeratccl. , It l'h,,)l,eiote':i.,. as invidious to n.rakt,4 remarks Lit'4l'.ie`o,,:ris'i.,,,,ilYe ,,,, t he pre..e.ni apijiic3i-i.tiii :i.'ere,., ,„ 4 . 0 0 ...4. . , t,• 4 :• . i . t twit, that it wo' i I.b an i'nvicit'''''. 1 : 4 ,,,,1. ~' i ',) , . t.l (. t" t, ~., 01 ',t L A • leer v i i i'• .. '•• .' ''.• 1, 1441:,,1'1'.1W i . . . 111 t4itte.tsat Nino. 1 -f ,:i.4;1&-;;Itt they applied toi Parli.anql:ii .tlf'.2. drill ' s into such a situation, .and ,ti: '', , : ito".j,iff' I\•l'''''ticti of that Lloase to hive'''. .:. ,. .1 . tL e i the pr...•-,,-ittrt....v'e.re ii'.kylirr (l ii ` h :, i . l'''' 44 ' . 'irit'lil ir'.2elY. , A.,11,;ItillOn: (2entfr'i '':,"„004:10 appe.tr to be lido ttt oro ~ iit 'i' • ''''44 ) ,•- ;'' iil;, ,- - lift le ‘ rcdit theriviel,e- \\.r• '''' ''.' W-giir ...',l- f • t „, , .. ita,t,elit. • Thai it tivizi,' it- '. ".. ' ' ,; '' ..ai it' suCt'it' ca,,e, he Wc.ii :f: ' ' ' ,', , . any itrolf:N.l, 01 ..,, ,' . ' I. 511 M.11d 110 f Ll'e to,. 1,,,:c;,, ' ''' :...'' Y i. fl i nt? ruarket ytia'scit,t,,,ii to Hi -.•'' '.,.ii ....nee no permanent or- su b.:1.0( 11 : - , , ..:::, public rnight s',,rfor deeply, '• 11)' 1,,,f.,' •,'' 'l'e eXircllle it)VtitVility Ot the 131‘' lif 1. 1 :‘,,. , t,lll°' ;!,".'" it % , %':H not cav tO gi.oill 00) ni t ctlf:' f ,,V tic:;) illinkitig tlat it vv:ls t';"'.e.:4ll, r' t `. t''' to Willi atiiii a dumber ut: tesi -;,, ;I vf,l , kiloici - the prricfnie, and tt:'",,, et o, 01; r iiore 'which others w onfli have Ow 11:' , " 1. _ .in f.., , , 1 1„041-:,1 Sir ..lotn.; Nr.V.'llOllT Old, 'ltll ....,i till i 0 $1 , 4r,,,,1W;! ~,,e i ~, orediior.Was. plltvi tipoo a ' j pi, 0: 1 „f r', 1 , 0 i l to the priiate creditor, anti :'- - ' 4 , :.. btof - ! a l p I'. Pri)pr,iate all ,its es of th''' ~,, i o$ c 10 5 . 14.. i ' 01 - ' its o w,ri. doittnittl,f,, to the 10-: 1 , 0 , 1 1,0-. 0 ,, • °ther,:ilattiont,., etttiti lit,:,. (IP,, bur tu `,: i ,, , :' had a tenderny not to corraf-`..i.i ~, 4 1 .,, ecii. 1:1), , gicand of: eatoPt-B-:,.., ~ 4 a MartiV p'rlid WU 6f/til Of 111'; 1' ..,