The Liverpool Standard and General Commercial Advertiser. — Liverpool, Merseyside, England, 1833-04-26 00:00:00

Ismaavveisummil, _________.4!/ or ep A p r 0, 0 56 1 :e disruption of all money contracts, and ren — dace "'le 1 public credit (hear, hear),—which would re ],Otto di r a few rich fundholders, as they were woe, d 'i4oo ,3 „ t 'r public creditors, who received dividends unue r „,l the " fli ake the means of livelihood from the widow "d, not.'seil f hear.) Let them avoid doing an act of that kla ba drol o s to would inflict on the country all the misery ; 1. s ( i rinse in his conscience he believed it would f„ a iiieilt,7oi, i ' t which ought to be as dear to a nation as an '- Aar s ko' sr honour and integrity. (Hear," and cries °f then . d Le motion of Sir H. Willoughby, the debate **" of' sorrow. S e ° e a 4 ...I Le motion of Lord Althorp, the house resolved i ßa ga w.,, se resolutions relative to the reduction of ta' t _, ~r e ei,7o 7 , de lord on Friday last were reconsidered sau, — Ti ce i"'" G. SOMERSET wished to know when the evi.. e- „ t 0: tford election committee would be printed. , to g, _,," t o l' l ;RENAL said he had no control over the r'n,,,,pn ) 4 e was not vet in-the hands of members, he P — (133 1 Loi` pension of the issuing of the writ for eight or telis ape Le motion of Mr. G. Lamb, a select committee e WW I into the state of the police in the metropolis• doe ither orders of the day were then disposed 04 an , lat half-past one o'clock. b o th . :onsequence of the baIIots TUESDAY for committees n 0 0 oe l n ' llow and town of Galway elections, the g,, i ittee, ° fe d, l till five o'clock. The ballot for a coonwas v deg .outh election, which also stood for to - dah ba d IV essage from the Lords announced that theY,•,, th e for the better administration of justice belt'''. a. - ..a i il. it. Imams presented the 13th report of the c° 0 petitions. rie b W. GORDON. presented a . petition froma i 10 of Aberdeen for a revision of the pr e°e 'l O haa r ~ Humu said that the motion of which he, A ,,, s b e l d nd standing for this day, was one of eons") the iy It was for leave to bring in a bill to re n te a o .ber e a 11., chap. 76, and 6 Geo. IV-., chap. `'.„' n eo ser if . ° '' y is empowered to grant pensions to rece": , c i e ut - , g, or who have held, certain high and etk at the et He (Mr. Hume), however, understood tubauoe pposite was prepared to state that to the c ot make the motion unnecessary. , a ver li si . ALTHORP said that His Majesty s g ,as t io the subject consideration, and the result ", o pep s mw in preparation for the regulation of th ° ",i. Of unuations to which the hon. member refer re clu es nel DAVIES hoped the noble lord would intro i as possible. d a b (4# ll , HumE postponed his motion, an d expres' c 0 10e,t wl cli lant officer (Colonel Davies) would do th e 111 Poo of which he had given notice, until the uover.eill maration was brought in. He should, h e a seerpo' l Aay bring forward his motion, in order tOwil rig ht 9 on which a pension had been given te, d iro r nsiou which he contended the Crown ha bat of e r of F. TROUBRIDGE said, that in consequeneeiadent lii, resterday from the Right Hon. Vice-r, e „ & lp of Trade, he should postpone the motion I °'„ e mto miry into the laws and regulations of 0 1° 7 10itte ce: t i portunity. O'CONNELL gave notice, that in the en w oee ° ,o o y at Elections Bill he should move the ,everitlmi by had introducing a form of oath to be taken,„ ,I the table of the house, to the effect that "'" , r o f -d by means of bribery. r t he ol ue s pa H. Wtt.toccir BY moved the reading9„' .4 r or. . resuming the adjourned debate on 4 ` li l ~. a aelev' t rrder of the day for resuming the adjoin° pea n read, sti o,l e I. WILLOUGHBY said that the real elnf,,,, iat°,oe. r it was expedient to enter into an enqn,." e liasfl! o co system, but whether an inquiry should " .1 a u ' f , ding distresses of the people, and for sliveaaml vas sufficient for him to know thatof2 3, 7,;(o l ?iott, country the majority were without the e ° t cleyoic' ms of life, and destitute even of suffieie?„ o crs , l o ol , ce to the report of the poor law comialett the o f io (.1 through, would incontestably prove l ', - , - v ere ° hie'. agricultural population of the country ed t o .led P in in which they ought to be. It anr ear rev° 1 0 0 0 1 8 ) deal of unnecessary apprehension had of for j get of such an inquiry into the state 0 1 that ad He was, on the contrary, of opinin v ils . 0 0 Ist great defects had arisen, and great t 10 ° , 0 0 01 , red, in consequence of Parliament n° l . oars 00J isideration, from time to time, the state "tiieicoitee. He had only to refer to the various ju c t ib a t 01 0 1 lace with regard to the Bank, to 5h?, W ,,,,, 00 5 A e ilct, i° f;l .e attended with beneficial results. "-, fe°"010;,1 dries regarding the Bank had been t' s , tar/ O oV )f a more healthy action upon its part' f outer, 11, inking that an inquiry into the state ° ,laegse I would be fraught with any degree oi sv pr% a le .on that many of the evils which O f varl' s 0, 1 utry owed their origin to a want 0 4 tlis_, fo. from time to time into the state- .11.,ocat:tiaL fight that even those who were the a uT 00 1 10 Lance of the present system ought not t; ° ,,, , ew,b00 , r if a delusion prevailed on the subjeetyod,,,,, ,, ,,i t once by inquiry. If, on the one . 01 0 I" 01 that the distress of the country arose ft to i,000,0 med by the contraction of the curreneY %."011400e.iii ould be an important thing to show bY l o d, it te ml r are erroneous; and if, on the other ha ea ce. e g I° fiat relief would be derived from a reenrr,,eare' ear 1 (he would not go over the reasons for I .;;.abl e io th e, , b , ird detailed as they were in the ad a nd i fOrm the hou. member for Essex in s 3tn, O D ,f the hon. member for Whitehaven in " fl qui r Y' a f s ,) I, he repeated, from the result of su ch ' ltia tin t l 3e 0 tion of a silver standard would be th e W O e at tical relief to the country, consistent . 0 , b _ l ot r the public credit, would not the in l ieu tb!, / ale beneficial consequences ? In sup porn t l be '' e r i member for Whitehaven, he beg,ge d ,„ ° ) riet) o ur c h sing further with him than as to the P r ' a I °Sbe t ; subject. Of this he was sure, that is ( a u , ili, forward for introducing a silver stando;oeitilie tr o teasure should emanate from the gove r t iaaP e e$ mid be to increase the capital, and to,sol 0 industry of the country to an ineale" t o bi t e ill et iv f , " LAY said that there was an impprt nD alt e e is ived in the course of this discussion that dealt fre t # •ht it deserved. They had heard a gr, i. ,are° '49 1 lion, but nothing in the shape of 34 ' oti °13 ;0 1) ! 0 1 1 caber who had brought forward this.l°,. re p ei C member who supported it. Those lin ally goi d to connect, without bringing far w : i t : the l iot e b! g to a logical proof of the accuracy:, an y e• (0 mo l attempted to connect the distress , 1 ,..,' ea ts' e atdol n that had taken place to cash naP ti a.e ° ( boot r 4 tted that several great interests of hat be $ 1?, by distress at the present moment , u t . a t°, o ea l i) ess could be remedied without resor.lN ,J it ocli ie faith. The country possessed Iv i ., e y °,, l lay ' extricating itself from the terupola....otiLtta ~ was placed, but he would not more r es pe,,,,er', means at the present moment. With 10 sii tI L . ): ,he certainly had no objection to In a p, tlj the market price. 1., , ' aP, .i s-Li.''' si 4) ell 1 r. WiirramormE. said, that if the hon;„„,, it ea rc if o f, ould succeed In carryihg his InO th ' - waS 5 , 0 0, 0 , e country into confusion. There u, veri„iieaii of doors, and, he was inclined to thin, he acie e ro , .Petil ho did not believe that the result of i .cs . I`ol/ 4 8J .ould.be the depreciation of the carrel,' ( li at t er ae t , : e any person who looked to facts to del Y f E rtl, ti l l om d pared-with other nations, in a state el lid "0 it; at time same time. he woula 0- t o el ~,,oe , ,mlt l st quantity of individual distress,. rif e t i l it .e , f, fiat it was the duty of the house ,to the pe ii bu t e were told that those who proPe se ,a he. 0 0,,,e and of value were not dishonest, n''teptieetr wn minds they had no dishonest ii,i to a 6, 4i ii,,,t 0 ,1 eople of their property, if to resort at eLiie,;, ye out of the country all the capitalA bc - e t v oe rtl ed from it, in order that It might a v o re I ti lso 0 1 , eciation or robbery,—if to do this „hat ' th•J it it would be difficult to define lit s , 0 rt , ..„4 .sted. (Hear, hear.) all I rina') ITER said that he wished for an in: i 1 00 at,i,,c 1 the people, but he would not sane' . l ael_v f ib' e ge,, l l ney. When he heard the right bonde e ii io .i terl Mr. P. Thomson) deny that,the Prd iu . ;if t lry !ring . under great distress, it exe l - k rall'F,,tctl'o, t s e m nt and indignation. Why, in cq ua" . l o° iot rlaces with which he was welt a .t te° Vr frj been nearly doubled within the !a e s to haor re fe ‘o f may that other members could Uri c o ds' ae0",.0 , let to their respective neigitin nr . l l the , fib e l ii rl O were only wasting- their time ti ii 0 ,4 , e ( "oft cious of all monopolies—the inonVe 1,700 0 - a le fe l surpedby the-landed oligarchy'. , „..b!" d 0„i PO 4 =try was not the currency •111):Xerditi o ' o o ley were swept away distress ands, orootio people of-England. If .rainist thoy iou of this oppressive monor'Y' amammosasezmaiteam-m........ pla ces ; ornow that the people had a voice in the letgids.t at, ofd?')4 e w°lll d , not that till the corn laws were repel ; ,ioo lalk of the ten hours' factory bill, and thei ecnrtiy )r consequence of the enormous t tte i nquiry ,h_. y it was as clear as the sun at no 0. 0 1 1. _ 4 in Manufacturers could not help overworking their . w priceX read the • and '",f revkc,„‘insequence of the corn laws, occasioned. But a e eerio "m. i ng would come,—a proud, and overbearing, in wages which the high e, auftglioligatchy wotild be humbled. Let them i ree,,.._, e n, like their patritian fehow-oppressoFs, of e.o,'',',!it ntultis utile bellum the watchword ot to a ao ttlilessed people. It was with this view he would proposee uncicut i'lbOt tile farmers lillcrinetilnient on Mr. Altwood's motion, that the committee , ieo ce c l o Tte how far the distress of the country was the r ; atotti.r.corn laws, with a view to theie t le e psa o t . con eh kolit lasvt,!eget(ltithose who . agreed with h ph on. landed interest had had th e L l i he fact had beene Peace e red by bear in mind that rents 1417.7 „,,„, since the from 3) to 50 per cent. — their pound of r. • chequer, who h i f ~ or example, . ____, on einecetit. (1-lear.) Bu a t i tine . who lived on the taxes, til!`l . reduced e n e o d b noble sov..n Chancellor ret ~ es toT i b le % like the fendhlder had not adjusted their titnle dholder e alted cire unistances'of the country ;. forwiite£6o, lam e , s. alterw receiving interest on £B7, for their (Aniterest were only receiving £4O or £5O for their for wehail.) lie would support the motion of the hon a lto the I oftbat iellaven, because, without subscribing . to I 18 4 11 4 iit ,_Prosperity b lishe_d tiiTt• gentleman, he conceived it incontrovertibly . (hear.) He Yed (1,,„ 1 to f•t! . , Prices the expression of both. antwhat they and a full currencywerefonvertible her the toe „„1 4 his Majesty's ministers ttgr .er haveetlwer grant. In a very short trine they woulil " " e wo u h out, and ' Would held be burst open the waters would rns e Power to grant nor deny; for the floougates of ea am overwhelmed by g one wild deluge of dismay, reve l'. fli, 114' (Hear, ) t l'arti an arbitrary aitt lre i... ainent would or would not sanction th e R' ''' said that the question then uncler discussion was, :try iii.moa the standard of value. He asked whether in a try it this where pecuniary transactions wereo'fe IT beeornteauTtehaaEnt P t r ii c e a d te is d tr c e h s a s r u ac u t d e e r r , any man out of Bedlam 4 said etary relations into inextricable confusion. When its Peceee'died by a lee. asure which o w f U n i e e c h es i s t it in y . eeee a tat , C eine in any assembly of rational . m ig u ht st l; ll l7 oe u inv r 4.l."leditahlatsarojebt of this kind proposedhadneverbeen hetugs,be liishiop learn e too i n had forgotten that it was the dis 4firriettA thehyartteelo)tfina i a t n i n u u to al i'llisurkphisiihosbouldiyet, glit c 9 ..e act a ,, tt. ei . k r e l . Joirmi n e premie r at Constantinople. Those w lified h had GI was h a a n d d q t u h a a t his ghain the new philosophy, that there al % 4, 1 4 ill in for the circulation of value than the precious k tai N fr that that better medium was paper, ha . d u c'tar to efu hi l m ly I,lu :paired o ti t l telling the house what they wanted . , b w re I , nne. (Cries of " No, ' from them 14 .. 1a g ritaettithe object to which they tendedw_a r. s a A v t -a o l v u o e o l t e l s o s litioues st . °t what they meant, let them tell •4 rtibi e re, `p f Hear hear ) What was pap 1 t was in ke of Piet,`P w, "nen he ' spoke . of gold and silver, he sPo me. i - p,'''' no, and had been for ages, the circulating , er t ivavhat their 'Me e ' whe n ‘ , O „ _, what co notion that it was to . be to dentit,octu,vießar.ted from the be a convertible h was to 1)111.. -'werld; bid notion uld you form of the value qtr, eii ° t be paid o ' n i l t rs, however, there :Pay ' a t t l i t i was that to be en is g su p ed, and in' d then he must as . k it "Niv el . ,e,.? But to that uestion his hon. friend . 't ei re,',C, ° _,ngli he couldlnot help seeing , b lest f-i,e‘i together without limitation, a that if goldid ive "u and depreciation of what manner . x . ' as i di those "„lbou0"'?w. (Hear' hear.) His hon. frien , .an .. " 11, ,,w7 t i 1 - i v , i , ith i ma t tti-ii" iirnit, and would then let it take cu his hon.' friend, would pour paper into i c i . a ir uee. ithrow the li t t a . k ee yo u st _ wi e ake the paper valueless, and . from ou t i h ts e m e oment inytiitiuto eornfuisr::ottulatiitg t me h dium sa v i ti l 7 t i s es, o y h n. friend " we ii t it weghtal,e last wat: a great q e u n a ' ntity of paper money, te anti aet pt:rtai u e ' l great prosperty•" Admitting that to be . h f Or'‘'hie ~.„tit, they 0u,,,,ht. not to forget that certain el a e - - 1 r, - ' t hig h „, 41 . 1 not exist at present contributed to the form o 't4tlre Isperitv W at that time a monopoly s 1 ien.eha44o,M. t.he continent of E!irore, Y , p i ed u s 1... that the French were boasting that they had , lilth-dthe4reoo, enetw4ld; we had the full command of the sea . 4pe'riitrvoru tb:lse:lYd otothtt nation sea of !_. PP ryes e t ourselves from as we ha f d • Ismeoarpepear -o,telP64` enabling us sea, borrow, A, t 1 4 W eldr within the year, had scattered . a _ false This u p r r o oduced h g a r d ea b t l a o r e t k if a t ii; d i a e a n d l Poo l totes w et over the country. He had always changes appear re NI. 4 %er e of material use, but he apprehended danger 4'lvk li r ted t o 5 Should, however, like to see whether the kOtt till senoilinlebt not ulter the case, though, at the same time, tuiel3reht:lnestion. But there were two difficulties—one country. l e , i 7er e se !vould occasion to poor persons in the .'3sliotesthe other was the insecurity the issue there f itkVilntet;l9l9B difficulties but he never d ve il at cope al'ir!g advantage's which should to au rie,,e, corm„4-eet with some attention before it came u_ac te°Lowns : 81 ° 1 ). He did believe that the laige man o f vest „., 'Ju t t ,. e e i n "tied, he ogrieui, g in e d n ti le c d e that the house as eat a state of prosperity as . they e I ere very muc s , 'ed . , (heft , ipal parts of the country were very much '' lOid kll e r ) I he farmers' capita s w Nat . a t the - . .. g • that is, a medium it. e r wi l ) The small agricultural towns were lab.o.ur -1 etil ti , 1 0n . ,„, 3 called a want of money, h means of t he k 4 fat % t nere was a class of small traders . in town to 4t V ; °" Fe game, and if the bankers had t e P kepi the de c i ded would be a means of facilitatingtrade. Yt1,44 eot giv e opinion of his constituents; and although ' i tt t w as ''Ye up his opinions to any body, he was bound .... t e o e t -e the relit "Pinion - Then it would be asked why did h t) evoi Inreitt • His - • relative had spoken • ith o Monte with . objection was this—he should go 1 01 4t4 se 0b,...e with a man On his hon. existing e tet t ,;• (i,•Lt Was a comlete subversion of the i fek, e, for till); nn," and li n ear.) It was quite impossible, 1 1:14 I nk% as nntry. friend ad, in , deed drawn up 4 r ese l l e!theiteo"use to listen to he pro oral without exciting p p., gt it we distress of the country which might be f e ;li.eef the v ery one didwho only wanted to catc e h r _fl e i e e t s ly ; loel'osal f:s.nripossible for any ini.:n in r ived lkr tt hislitiquiry, in order to afford relief, from the avowed which he olin lf, friend, and from the conclusion at d '', ail foe d 1 arned member for his senses to p separate t. O ales, example the hon. an . c thPose Nlect was ' this reformed Al tit th at 0 resolutions • or, supposing in - •ee - set f , a . repeal of the union,. professor of 1 4 1 e Of I vo ; great man Mr. ' owen, or any other n the liit,4llditionwlin society were to make a seech were to get up .J.ti,, B, aod i Mankind, and on a communityds and ofo the t de- Sir of tb4""nld propose a committee to consider ~ US he foil,: 80cial order in this country, he should not be li t 'e 5f,"•;',,11l the train of those philosophers. For those • It h h•,„,_Pe ti T' give Lis decided vote against the motion. ‘1i,"),4,011. f,,,.aid, that although he believed he shauld d ag i r o e u e s th e ech wbiethines avowed by t !io u ,' 'e bae," (Mr. Baring) in the practical net. ____ 'Pe - e doct •'" 1:411 e, and in the vote he should giv!, y there_ 1, 1 14 11 sQ (1 -" e Zeited s •h doubt and apprehension as ar 'r i` Pas: e i n h ees, if t he e sZ u g c es'ion were acceded to, that he him in the concluding part of I ' t:,, e ea o to t 4.l‘ek over unilticed. If his hon. frienl_wcuel:te, k t l 4 ,s, i t'ai t .ed t ~an iriquiry into these most import t a a n r t, d ffi system, . el , q, 14 ,1..4 ble_i tact, himselt. prepared to ~,,,ii,eil point ((1111e.ta.oils hi with a monetar y 1 distress, and s,,aly s i t ' i ls ot,„Leasee co_mmercial difficulty , -. and which doubts he ii i, t , .i1,,,„-,,,!.. th snhject of the currency, and impedi- I pt y a course l i 'ap . . l th e tri`n. constituting the main obstacle . . oxen.— , ofd` ta. % As t o "troll of the ho. member for Whitch e.llre,lit j u 10 Proposed he of small notes, er he etl-Nit? li. was predicting the consequences of any political th 1 ". liew`th respect to the unavoidable results of this ees s tit t : i i nea stit felt h.le abo n. e would be_, that gold would disappear from confident that the inevitable consequences 4 so y a • e could prove ',.'kli Suee b ( Hear ) it id the certainty of this n , 411 11 f ‘ , l 4 0t.. ot u , h., ~ the example ' 1 tland there were £1 c p,i,ivertp no uti ,,nl , been issued. In ._ co . and practically le.e ' sos e to 0 lic'elt o `r, h e C,"Y convertible into c0m,... I, i t „ . 4 , i tb ei . '-1 110 doubt, if required ; ex (..,Sa ~,. thetall. eirelllation That they had practically „ , ,'l,,,sted le current• ' the same state or , ti, 'il et , - , aim•y In Ireland 1 4)4 in . e untes niwith Ame bit, what had been , precisely the same results. I „ , . 1 1,,,,-ror ki th - -0 stat es r also, was 4 I 'M f-"le bf t h still smaller denomination were In circu et, 'ease e clirre r , not only gold, but . sil o v u e_ _ net , well ait, itit , 'eeir, th at n'• In fact, the matte' Id revise N od 44 the bankers had eat direct interest in ex- II,`: and ellostitut id and sma ll notes, whi eir credit could be / ki 'Cta 8 ? far h e d a cheaper circulation than go . i d k ur witf, tit eh admitted there was a positive advantage It‘ii„ e „ than c,,(.„",,tt.s.Ystein of currency. But this advantage 0,1 ah 4- ne ude,"oerbalanced by the simple fact that youu s e, t4 t deilositate security against excessive paper issue rs , I ,i4,Y4 tlrPerty S . or securities you would from banke ~ ' tll,,ilee np;lnkersilliVltzbe an ultimate guarantee of the _aotl ,,, hoty „, totewi "1. it w as no guarantee of an immedia, t k, tsN.fi,: c ,ainst to gold, which constituted the only adequate 'att,Nte ,Meric e o f e ' - ilsa es of paper money. (Hear, hear t .) o q sh‘efi",,r'ees, to •,rl',"tie of £1 and £2 notes would be .._ , tt `Y . l',' and Iv - •,.,,i'1l a fictitious stimulus to commercial 1 :Nhvitesultse• •• ''''l l it go on for a few months without f .. e t el- . (. ' 4 1• 144 4- tee t on. 5.- 94 the contrary, people might coiigla t u .c 44 b se g about irpparent increase of prosperity; . but ma 1 1 I• Y,tt i ne ex i.tiontlis or two years the paper circuatioi e e•leheaen"lve—geld had Talready gone out of' the Res WoUlii fa lf — then-there would be a run for gold—commercial alarm—the hank must contract its issues, in order to meet the demand for gold—lastly would come that commercial or political panic against which there existed no unfailing system of security, but as against which a metallic standard :monied the best guarantee. In such a state of things as he had described, it was true the bank would in one sense continue solvent, but it would be unable to meet the run for gold, and there must be a stoppage of cash payments. That he told his hon. friend would be the inevitable consequence of are issue of small notes. So much reference had been made to the part he took in the bill of 1819, for establishing a permanent system of metallic currency, that he confessed he felt some per sonal anxiety on the subject. He had heard of the authors of this bill having been spokeu of as culprits, who were actuated by the basest personal motives : he admitted that none of those insinuations had been uttered in the house, but they were thrown out in places where they could not be answered, and where they were calculated to inflame and mislead an excited multitude. lie repeated none of those vile insinuations had been thrown out in that place, so that he had not the opportunity which he could have desired of meeting the utterers of such charges face to face. It was true that the member for Petersfield had said, that in his opinion all the blame of the transaction did not at tach to Mr. Peel, who at the date of the bill of 1819 was an ig norant young man, and the hon. member added, that the blame might be more justly laid upon Lord Liverpool. lie (Sir R. Peel) would not allow blame to be thrown upon the departed, he was quite ready to sustain his share of the responsibility. — The assumption of the honourable member was, that the bill of 1819 had been passed without inquiry,—without experience of distress, arising from an inconvertible paper currency.— In 1819 five years of peace had passed away, but was the cur rency question then first heard of? By no means. The sub ject had been referred to in 1810. It was perfectly true that the resolution of Mr. Horsier, proposing a resumption of cash payments within two years after the couclusion of peace, had been rejected by Parliament, and that the resolutions of Mr. Vansittart were preferred; but in them it was declared that it appeared expedient to the house at the earliest possible period to resume cash payments. Thus the principle of cash pay ments had been recognized at a much earlier date than 1t819; indeed, from 1793 up to 1810 Parliament had never made Bank notes a legal tender in all cases. Peace arrived in 1814, and the house recognized the justice of resuming cash payments, and limited the duration of the bank restriction act to one year. The year 1815 arrived, the battle of Waterloo was fought, and a new restriction was imposed, limited, however, to a year. In 1816 the restriction was extended for 2 years more. 1818 ar rived, and there was one universal persuasion that we mustun avoidably recur to the ancient standard. 1819 came, and still no one doubted the justice and expediency of returning to cash payments. A committee was appointed, on the motion of Mr. Tierney, for the purpose of investigating the subject. Ile (Sir R. Peel) was chairman of that committee, and presented tits report to' the house, declaring the opinion of the committee, that within 4 years of that period cash payments should be re sumed, but by gradual steps, and taking the price of gold at the time. In the other house of Parliament Lord Holland de dared that he could not approve of the delay of cash pay ments till 182.3, and he therefore moved that they be resumed in 1820. Under these circumstances, if he wished to avoid the responsibility of the measure, was he not justified in saying that Parliament, by its unanimous approbation, had taken up on itself the responsibility? (Cheers.) Upon the subject of distress, the hon. member for Whitehaven had referred every symptom of distress to the bill of 1819. Was there, he asked the hon. member, no distress previously to the passing of the act? Had there been none in 1793, when we had an incon vertible paper currency ? Was there no distress in 1797 ? Was there none in 1810, when we had the high war prices of which the hon. member was so enamoured ? But it appeared according to the evidence taken before a committee of the house, that even during the war, and with an inconvertible paper currency, prices had fallen 50, 60, and 70 per cent. Did not this prove that a paper currency was no protection against distress, no invariable stimulant of prices even in a time of war ? Was there, he asked, no distress in 1816? There was ; bankers failed in numbers, and great commercial pressure and alarm were occasioned. After these statements, they did not want witnesses to prove that there might be distress along with a paper currency. If a committee, such as the hon. member moved for, were ap pointed, and iat he was a member of it, he wouid say to them—Gentlemen, you must look at other things besides the change in the currency to account for the distress of which you complain; you must consider the state of the country during the war, the stimulus which that war gave to the cultivation of land, the great outlay of . government during the war; but when that is done, you must inquire what have been the effects of the 18 years of peace, and how far that long interval of tranquillity had been the means of provoking the rivalship of other nations in our manufactures. He would ask them to consider whether England could hope to carryon the same extent of manufactures, and of almost monopolizing the whole. trade of Europe, when she had to compete with France, and Spain, and Portugal, and Italy, and Germany.—Could she hope with such competition still to keep up the old war prices? Look at the operation of manufactures in America, and see how far it had had the effect of diminishing your prices—look at the different rate of insurances, and at the reduced price of the raw material, and then say whether they could expect to purchase at very low prices, and to continue to sell at high prices. He would then tell them to look at the improvement that had taken place in machinery,—at the improved application of steam, and ask themselves if all these things had not tended to lower the prices of manufactures ? (Hear, hear. hear.) The land had fallen in value he would admit, but did any one expect that it would preserve the same value as during the war, when so much capital was applied in bringing bad land into cultivation. He regretted that this kind of land was now thrown out of cultivation, but it could not be otherwise. One hon. gentleman had carried his objections still further, and had traced the distress and the disturbance to the same fatal cause—the measure of 1819. On hearing statements of this kind, one would like to have the proofs on which they rested in order to judge for himself. The description of the distress was almost the only thing like a proof offered. There was " devouring poverty" and " appaling distress" both very dreadful, no doubt; but these were caused by the measure of 1819, and then—here was the pinch of the argument—you had only to change the names, and to substitute - England for Ire land, in order to show that the same distress existed here, and was produced by the same cause. (Hear, hear.) The hon. member who had used this argument had laid down some posi tions which he (Sir R. Peel) would not dispute—he had told them, that as crime had increased in Ireland, morality had de creased (Laughter.) That distress was the cause of much suf fering. (Laughter.) He would admit that crime had increased, but was the year of the greatest paper money that of the least prevalence of crime? He found from returns before the house that the commitments in Ireland were— In 1811 lBl3 - 1815 7,818 - 1816 The hon. member seemedto look upon the years 1818 and 1825 as those of great prosperity, as being years of great paper is sue. Now it happened rather unfortunately for his argument, that in 1818 was the greatest number of any preceding years with one single exception, and that the commitments of 1825 had been „csreater than those of any preceding year, for in that year they had amounted to 14,400 (hear, hear,) the largest amount ever known. He (Sir R. Peel) founded no theory on these facts. All that he was called upon to do, which he. had done, was to show that the facts he had stated did not support the. theory of the hon. member. (Hear, hear, and cheering.), The hon. member for Oldham had said that he had 3000 power- looms, but should regret it he had injured any of the. owners of hand-looms by them. Then the hon. member must feel greatly distressed, for if any improvement in machinery had ever been an injury to those engaged in the trade to which it applied, power-looms were to those who worked at hand-looms. lie did not mean to say that the use of them was to he condemned—by no means. lie only mentioned the fact to account for the dis tress in Oldham, as arising from causes differing from those as signed by the hon. member. The right hon. baronet next en tered into statements as to the present. wages of artisans, such as carpenters, masons, bricklayers, plasterers, plumbers, pain-, ters, in the midland districts, to show that they were now much better than under a depreciated currency, and he asked what would be the effect of a law which would necessarily raise the prices of provisions without at all raising the wages of those artisans in anything like the same proportion ? It was much more easy to raise the price of provisions than th e p rice o f la ' hour, and he maintained that any attempt to depreciate the currency would have the effect of placing the working-classes in a much worse condition than at present; for that at this mo ment their wages could procure for theM a much larger share of the necessaries of lire than at any time under a depreciated currency. At-that late period of the night he would not go further into these details, connected though they wereswith a deeply, a most important subject; but let any hen. member move fora return, and let such return Le laid before the house, and it would convince all those who would be guided by the evidence of facts; that the present rate of wages afforded to the, labouring population a greater command over the comforts and necessaries of life than they possessed in the so much vaunted times of a depreciated currency. Let such a return be made, and if it were honest it would show that there had been, on the , part of the labouring population, a great increase of the powers of consumption. Why, then, was this inquiry called for ? Were HE LIVERPOOL STAN DARR those who called for it agreed in their opinions as to the course which should be adopted ? Let the house for a moment look to the course which the present discussion had taken. Not any two of the gentlemen who had taken part in the debate in sup port of the motion for the appointment of a committee were agreed as to the course which should be adopted; not one of them but differed diametrically front the other as to the remedy to winch it was desirable to resort. The hon. gentleman who had spoken first, (the hon. member for Whitchaven,) . had, as it had been remarked, wisely abstained from suggesting any particular remedy. It was obvious, however, that a deprecia tion of the currency was the object which he had in view. That hon. member had said that our population had increased, and that our produce had increased, but that notwithstanding all that we prevented our standard from being increased. The hon. member might just as well have said, " Roads have in creased, and new works have been discovered, and yet the yard and mile remain the same." (Hear, hear, hear, and a laugh.) Let not, then, the hon. member suppose that we had not a va riable currency because we had a fixed money standard of va lue.. The two things were not at all incompatible, quite the contrary, as every day's experience of the commercial transac tions of this country fully proved. The hon. member for White haven, as he had already said, had suggested no remedy; he had only attempted to show that our present monetary system was chargeable with every evil that afflicted this country, and he wisely and prudently abstained from indicating the remedy. He was followed on his side of the question by the hon. member for Oldham, who said that he would vote for the motion,. and yet that he differed upon every point with the hon. member who had brought it forward. (A laugh.) He (Sir Robert Peel) was never more disappointed than he had been upon this occa sion by the speech of the hon. member for Oldham. He had said that he was particularly entitled to address the house on this subject ; that it was one to which he had particularly ap plied himself; that no man who spoke upon the subject could say a word that was worth listening to that had not been stolen fiow him (Mr. Cobbett,) and that the noble lord the Chancellor of the Exchequer had made a very good speech, but that it had been all taken from his (Mr. Cobbett's) writings. (A laugh.) He could assure the hon. member for Oldham, that he might entertain no such fears with regard to the speech which he had delivered on this occasion, he might not apprehend that he would have any one to steal his ideas in that instance ; they were too original, too extraordinary, to tempt even the most unprincipled plunderer of such ware. Never indeed was there a speech made that possessed more efficient claims to an exclu sive copyright. (A laugh.) No one that heard him deliver it could, it he had not heard the previous debate, bring himself to imagine for a moment that it was on the currency question.. While the hon. member was speaking a young member, who had just come into the house, and who sat behind him (Sir R. Peel,) addressed him thus—" Is the currency debate over ? On the navy estimates, I suppose ?" (A laugh.) The fact was, that the hon. member had delivered himself upon the currency question of his old notes upon the navy estimates. The lion. member told them that he was for a gold standard, and that he preferred the king's coin to cotton paper. All the remedy that the hon. member proposed was that we Should cut dowri every thing connected with our expenditure to the standard of 179'2. The lion. member told them that it was proper England should always assume a high tone; that poor Canning made her do so till he was corrupted by the Whigs, (alaugh,) that she should not allow Prance to have a navy, or Spain to have a navy—that, in fact, she should insist upon undisputed dominion upon the sea; and what was the hon. member's secret for effecting this mag nificent project? Simply to cut down our' expenuiture to the. standard of 1792. (Hear, hear.) He would ask the hon. mem ber how he would propose to deal with the Cape of Good Hope —with the Mauritius—with Malta ? (Hear.) The hon. mem ber said that England had been engaged in a great naval war, in which she had annihilated the power of her enemies, and yet he was at a loss to know why the number of our admirals had been increased. (A laugh.) The third speaker iu favour of the motion was the honourable member for Knaresborough. The remedy which he proposed was, that they should have an issue of paper money convertible into gold ingots. The hon. member for Wolverhampton was the next that followed in sup port of the motion, and he proposed that the whole of the burdens of the country should be thrown upon the landed interest. The hon. member for the northern division of Yorkshire, and the hon. member for Newcastle, had not proposed any particular plan ; their plan was for a general and rapid rise of prices, how ever it might lie effected, throughout the country. Another hon. gentleman, the hon. member for Birmingham, had not spoken on this occasion, and he (Sir R. Peel) did not know, therefore, whether he was inclined now to depart from the plan which he had recommended as a remedy in 1817. That plan was for an unlimited depreciation of the standard. Suppose, now, without Joining any of the opponents of the motion with those seven gentlemen, they should send those seven gentlemen to consider merely this question of the•currency—he would ask was there the slightest prospect of their discovering or assreeing . upon a practical remedy? (Hear, hear.) Would it' be wise when they found a . patient labouring under a severe disorder to scud for two physicians, differing so diametrically in opinion as the hon. member for Oldham and the hon. member for Birming ham,—to send for Sangrado from Oldham, and for Cuchuelo from Birmingham, to rid the poor patient of all his evils by putting an end to his existence ? (Much laughter.) The motion was for the appointment of a committee to inquire into the distress ,• but if such a committee should be appointed, the country would understand, from what had taken place in the course of the dis cussion, that the object of its appointment was a depreciation of the currency ; and it would firmly believe that it had no other ob ject in view. He believed that a good deal of that suffering was attributable to the effects of the past political excitement, which were now passing away, and besides, the suspension of commer cial dealings, which caused that distress, was also attributable to the circumstance of those great questions of the bank charter, and the East Indies and the West Indies not yet being settled. If, in addition to the uncertainty thus produced, they were to throw in doubts as to the maintenance of our present standard of value, they would only enhance the difficulties of the country, and the sufferings of the different classes of the population in it. The present motion was, no doubt, mixed up with a plausible proposition for an inquiry into the distress of the country, but if they.were convinced that its real object was a depreciation of the currency, he trusted that they would do their duty in reject ing it. Sure he was that their constituents would separate the real object of the motion from the plausible pretence with which it had been connected, and that they would give them credit for a right and for a just decision. They could address their con stituents in the words of that great man Edmund Burke,—of that man who surpassed in all the highest intellectual attain ments any man that had existed either before or after him in this country ; who reviewed iu his large and comprehensive mind the relations of the governed and of government with clearer views than any man had displayed since the time of Lord Ba con. (Cheers.) He would, read to them the doctrine of that most exalted man respecting the duty of representatives towards their constituents. He says, in answer to those who called upon him to vote against his conscience, or to resign his seat, "It is certainly not pleasing to be put out of the public service. But I wish to be a member of Parliament, to have my share of doing good and resisting evil. It would, therefore, be absurd to renounce my objects, in order to obtain my seat. I deceive myself indeed most grossly, if I had not much rather pass the remainder of my life hidden in the recesses of the deepest ob scurity, feeding my mind even with the visions and imagina tions of such things, than to be placed on the most splendid throne in the universe, tantalized with a denial of the practice of all which can make the greatest situation any other than the greatest curse." Ile called upon them in the same spirit fear lessly to do their duty. They were placed on the mountain top, in order that they might take a more correct view of things than those who were involved in the mists and obscurity of the plain. They might depend upon it, if they did their duty ac cording to their conscience end judgment, their constituents would not call them to account; and if they did, they could reply to them in the beautiful words of Mr. Burke, which he had just quoted. He (Sir B. Peel) called upon the members of this the first reformed Parliament, in the same way to do their duty; they might depend upon it that their constituents would do justice to their motives, that they would look upon them as having acted according to their honest judgment and conscience, as having acted as representatives who had faith fully fulfilled their duties to the country, and who had proved themselves worthy of being intrusted with the protection of its interests. The right honourable baronet sat down amidst loud cheers. lonel TORTIENS attempted to address the house amidst erieS of " Question, question," " Divide, divide." Not being able to obtain a hearing, the l►on. member moved the adjourn ment of the debate. Lord Avr;mitc put it to the house whether after so long a -discussion, and after so many gentlemen had spoken, it was de -sirable to adjourn the debate. (Cries of "Go on.") Colonel TonnExs said he had no objection to proceed, but he undeiStOod that several other gentlemen wished to speak also. Mr. M. ATIWOOD said that - several other gentlemen would sneak, and that it would'be totally impossible to close the d e b a t e that night. • lionnisoN was, on the same grounds, fin an adjournment of the debate. Colonel Ton RENs again attempted-to address the house, but, being interrupted by the noise and cries of " Question," he moved the adjournment of the debate. The house divided:— For the adjournment Against it 93 313 Majority . On our re-admission into the gallery we found Col. Torrens on his legs, but the cries of "adjourn" were so loud and fre vent as to prevent the hearing of a single syllable uttered by toe gallant member, who, at length, finding it useless to pro ceed, moved again the adjournment of the debate. The SPEAKER intimated to the gallant colonel that, in the event of his motion being carried, he would not be in posses sion of the house, as he had spoken after the question of ad journment had been disposed of. Col. TOrrens, however, persisting in his motion, Lord ALTHORP said that as he wished the expression of the opinion of the house to take place on the question iu the fullest and freest manner, he should not persevere in his opposition to the motion of adjournment, provided the understanding wLv , that the debate should close to-morrow (this day.) After a feW words froM Mr. Hume, who recommended the adjourmnent, the further debate ou Mr. Attwoou's motion was adjourned to five o'clock this day. r t he other orders of the day were then disposed of.—.kdjou.rn, ed at half-past two o'clock. DOMESTXC. COURT AND FASBIONAT3LE WORLD. . DEATH OP SIR CHRISTOPHER ROBINSON, JUDGE OF THE ADMIRALTY COURT.—Yesterday morning Sir Christopher Ro binson, the judge of the Admiralty Court, died at his residence in Wimpole-street, Cavendish-square, in the 70th year of his age, lie had sat in the Admiralty Court in the first session of the present term, and appeared in his usual health and- spirits. He complained the day previously of illness, but his death was not expected by his family to take place in so short a period. He officiated, during the greater part of the late war, as king's Advocate, in which capacity, and as leading counsel of the Ad miralty Court, he was engaged in nearly all the prize causes and captures of the time, The Hon. Mr. Cavendish, the proprietor of the Castlebdr •Te legraph, found guilty at Galway- Assizes of libel, has been sen tenced to one month's imprisonment, a tine of £2OO to the King, and to provide bail in £l,OOO for seven years, to keep the peace to the Marquess of Sligo. Lucien Buonaparte, Prince of Canino, has come to Lon don. His brother Joseph is somewhere in the suburbS, but do not know where. By the eleVation of Mr. Foley to the House of Peers, in consequence of Lord Foley's death, a vacancy occurs in the re presentation of the western division of Worcester. It is stated with some degree of confidence, that Mr. Osman Ricardc, of Bromsborough, will offer on the Whig interest. It is likewiie rumoured that Mr. Pakington will be proposed by the Con servatives. Mr. Pakington has sailed from Liverpool for Ca nada, and it is expected will return in about four months. Mr. W. Dowdeswell (of Pull Court, near Tewkesbury) has also been mentioned in connection with the same party. Sir C. S. Smith, Bart., and Captain Berkeley (the late candidate for Glocester) are talked of.— Worcester Journal. Report gives the vacant place of Captain of the Band of Gentlemen Pensioners to Lord Gosford, and Lord Gusfor(Ps place in the Bedchamber to the son of the late LOrd Foley, We are sorry to hear that the property of the deceased lord has been left in a perplexing situation, and that the preient Lord Foley Kreatly reduced his income by au unsuccessful effort Jo serve his father. The late lord was a very honest Globe. The Lord Mayor gave a grand dinner on Sunday to the Lord Chancellor, the Judges, and several other distinguished per sons. We understand that some of the company were merry upon the daring spirit of the Lord Mayor in getting a dinner dressed on the Sabbath. The excus e of th e Bishop of Llan daff was that he had himself a party to dine with him on that day. A petition was on Friday laid before the House of Lords, by the Lord Chancellor, which had been presented to his Majest v' from Jonathan Chetwood, Esq., claiming the "Barony of Li e Wahull." It was ordered to be deferred to their Lordships' Committee of Privileges. We are glad, both for the sake of the public and of ourselves, to hear that Lord Althorp intends to modify his proposition with respect to the duty on advertisements, and to make his reduced scale a fixed, not a graduated, one. A graduated scale would have been found disadvantageous to the public, and it would have put newspaper establishments to a vast deal of un necessary trouble and expense.— Times. THE SIGNS OF THE TIMES.—If any faith can be placed in the indication of changes that are so apparent in certain leading articles, we should be strongly inclined to believe that the Reform Ministry," as they are called, par excellence—wilt very soon abandon the helm of the state vessel, which they have embayed near a lucky lee shore. The rats, whiCh are creatures of no small sagacity, have evidently begun to leave the vessel, which these followers of savoury state cooks never do, until the leak increases so much as to render all the excl.. tion of hand and chain pumps useless. The same phenomena have been invariably observed whenever the old ship has sprung a leak; and we do think seriously, that such warnings ought not to be despised, even when they come from quarters that are not remarkable for the niceties with which they bore into the tallow casks and pastry of official nabobs; for these little things are "as wise as serpents," and are "wiser in their generatifJu than the children of light." But' even inanimate objects are sometimes found useful to tell the changes of the wind; and on this point we remember a very old epigram, imitated, rather than translated, from Martial. It runs thus:— " The craven rook and pert jackdaw, Though neither birds of moral kind, Yet serve when hang'd and stuff'd with straw, To tell us which way blows the wind." After this, as Mr. Stanley observes, who shall rise up and say from what tags and jags hints may not be taken ?-111opuing Herald. THE LANCASHIRE WITCHES.—On Wednesday evening, at a meeting held at Manchester to petition the King not to issue Commission to make further inquiry into the factory system, Mr. E. Dixon related the following anecdote :—" A young Dutchman came to Manchester on business; he visited the fac tory of Mr. J. Pollard, and, on leaving it, remarked to his friend how much he was disappointed in the appearance of the ' Lan cashire Witches,' their wan looks, shortness of stature, and de fect of figure, made them infinitely inferior to his own country women. The next day he dined with Pollard's family. Tile day after he exclaimed to his friend, 'Ah, I have found de Lan cashire Witches;' and dwelt with eestacy on the fine com plexions, the expressive eyes, the animated and intelligent countenances, and the graceful figures of the young ladies of the-family. Now this, said the speaker, is a fair illustration of the system; those who thrive by it bring up their daughters in affluence, and they become the Lancashire witches, while those who are its victims—having all the natural requisites of beautf— excite the surprise even of a Dutchman by their uninviting ap pearance." Petition unanimously agreed to. In consequence of a medical survey having been here:on Second Lieutenant O'Connell, of the Woolwich Divi:ion of Royal Marines, (previous to the holding of the 'Court-martial on that officer, for charges stated in our last,) which reported him of weak intellect, the Cotirt declined passing any sentence on the prisoner; the Admiralty,. in consequence, h av e orde re d him to placed on half-pay. We are hound fo nOti - celharthe country, in this case, is saddled with an annuitYto an offiCer af ter only 18 mouths' service. Mr. O'Connell, from his first joining the corps, was known to be unfit. for any duty. We fear the Government has consented to this as a sort of peace offering .to the great Agitator, who is uncle to the party in aues tion.—Hatershire Telegraphs. . . . SCOTCH Cutmcii.—We have to announce that a Presbytery was on Friday constituted in the Scottish Church, St. Peter's square, entitled the " Lancashire Scottish Church Presbytery." comprising the congregations in communion with the 'Church of Scotland, in Manchester, - Liverpool, Ramsbottom, and the Isle of Man. It is expected that this measure will materially ' pi-I - mote the spiritual interests of the numerous body of Scotch resident in these districts.—Manchester Herald. LANCASHIRE YROMANRY.—We have reason to - believe that some time in the course of next month—Ltdwardi the latter' end probably—the Lancashire Yeomanry Cavalry will be out for the usual period of training and exercise. Tun INFLVENZA'—This singular disease, which has • pre vailed so extensively in London, has Made its appearanCe in Manchester, exhibiting precisely the same , symptoms as those ode described Tact Week. Wherever - it gains a tooting it runs through whole families; attacking indiscriminately tihri' wo man, and child. We have heard of several lathe estatlish tments in town Where a majority of the clerks and warehouse t men have been laid up atone time. Happily there isiio clang( r attending the complaint, but the writer of this can bear witness, from his own experience, that the pains in the back and liinht , , the head-aches, the violent coughs, and other symptoms of the disease, are extremely disagreeable. Profuse perspiration ap pears'to be the beSt remedy that can be adopted.