The Express.
London, England, 1848-08-23 00:00:00

IMPER:AL PALM LA.MhA t.

HOIiSF. OF LOIWS.—TtaesDAT, AUG. 22.
The Loath Cithrecatroon took his seat at five o'clock.
PUBLIC BUSINESS.
AVOND READING s.— Parochial I tebt and Audit; Poor Removal
(No. 2); Ointment lucheure (No.:); Bids.
Out Pensioners ;
COMMITTEEn.—Steek In Tote Exemption;
Farmers. estate Sod, ty (Inland) ; Bills.
REPORT.:.—Bunnigh Ineurponvion; PoOr LAW Union Charges
Ifo.2); Hills.
Tlllha READINGS.—Tithe Rent Charge, lee. (No. 21; Steam
hlvvilattion ; A ec-isionable Manors Coinme.sbmers Rae; Pay;
Poor Law Union Ilistlict Schools ; Turnpike Acta 'Continuant* ; Par:-
Sate:hoary Eiectoin,
tiOst 110Na' AMEN OMENTS CONSIDERED.—Criminal Law Ad.
mlniuratian Amendment Bid.
PE l WandlTlON. d REDEiDALE, from the elecntof
prat mu to be by counael at the bar of the honor spoon the
Corrupt Practices, at EXCEOII4
THE SLAVE TRADE.
teed DENMAN moved,
That s humble b 3 repented to her aesty, praylae that
hcr Majaesty will be goer:oust, &arm to gi M rave directions for the en-
foreeniont of all treaties with foreign harts fur the extinction of the
slave trade on the coast of Africa, and tor the prow.cittion of ail Brinell
subject., directly or indirectly concerned in violating the I;tWe aguinet
e-that One ; tied that her alsjedy will be gran ciouegy pleased to take
into tor ceriotei consideration the expediency or converting measures
with her antes f r declaring slave triune piracy, with a punishment
lees vere than that now incurred emoting to the Woe of ILLENIS
forth,: crime.
A committee had been appointed to consider the best means
for the maim:tan of the have trade ; and he must own there
was something ominous in the proceedings of that com-
aitte in e, and
& va he
ne belie
ofved
letaving here was
the a
slave preconceived op
on trade free
to any one who these to deal in it. Such was
the oratnien of one of the witeessee ex twined before
th it committee, in whom they seemed to have placed
great confider., a. That withers said that it would
be th.st ii,eirable to withdraw the squadron from the
cast of Africa, and leave the slave trade open to be pursued
by any nation which chose to deaf in such an infamous traffic.
Thera were two propositions in favour of this view ; tate
first wan that the slave trade could trot be put down- -that
Hud wart • cif:shay of de mend, and the supply could be
ob.-trined by no ether means; and secondly, that the squad.
run hod doe more harm than rood, having aggravated the
horrors a rid euelty of this w:cked traffic—that the attempts
to suppress the cloy, trade hail, in fact, aggravated its hor-
rors. The noble and teemed had then proceeded to combat
both tit• se prepositions, insisting tbat the slave trade had
been suppressed to a very great • xtent. In '_efferent places
where thIP exportation had been from oce to twelve
thetas iiid, the trade had been entirely put down.
In many parts of the coast the traffic in slaves
had been uite abendoeed, while it hal net increase.: in
others. luq 1813 cony of tie: clove dealers had lees
the coast
to crime in other pursuits, for it was then thought hat the
Brice,. government were,iir ,arrest it. their attempts to put
down the slave trade; but cubic quently a retort won carried
out to the coast of Africa that the House of Commons had
rebelled against the Queen—that Lord Peltnerston h_d hen
earl itieed to thd peptear clamour, and the slave trade had
been revived. (A laueh.) This report gained prevalence,
and the ititatnoes trade no doubt obtained a slight stimulus
in consequence of it; but ha was convinced treat if more
vigorous measures had been adopted this drethful and un-
righteous teethe would have been extinct ere this. (Hear,
hear.) The evidence of Mr. Clot seemed to have had great
weisht with the committee of the ether house. lie intreated
the house not to be led awdy by pireel statem-nts fth evi-
deuce w hien had been given on this subject, tor attempts were
being mode to prejudice the public mind by directing attention
to portions only at that evideuce. He trusted, however, that
the pubic would wait tor a digest of the whole of it, and
he was cuuti tut it would prove that this accursed traffic
might be sumed, end that the squadrou on the coast of
Atria lad doue much to effect so desirable an olject. The
noble and learned lord c :neludErl by moving the address.
The Marquis of LANSDOWNE was sure the house would
feel gra•etui to his nuote and learned friend for the able
manner in which he had treated the subject. He felt it,
ho sore duty to move she previous question, because, look-
ing at the terms of the trio:roared the circumstance to which
his noble and learned hind had adverted, that this ins-
portent sub ect tied only recently been before a committee of
the other house, it might be inferred from the terms of this
motion that there bad been a remissness on the pot of the
Queen's government in carrying rut the existing treaties on
the subject of the slave trade. and also because the motion
scow d to prejudge the committee of the House of Commons.
He thought it expedient, Mae their lordships prorounctd
an opinion on the subject so h. stily,thet they should examine
the evidence, and decide on the policy they would adopt, not
abating one jot of their determination to bring the infamous
slave trade to ultimate ( :arms:ion. (Cheers.) If one man
more then another hof shown himself to be a
constant arid firm supporem of misting treeties for the sup-
pression of the 'lave. trade it was his noble friend the secre-
tary fur foreign aff sirs, sad he thought it must be admitted
that he had loft no means untried to give effect to such trea-
ties, with a view to pet an end to this wicked traffic. (Hear,
hear.) With regard to tee participation of indridual Eng-
lishmen who were colp chi. and crieinal enough to be en-
gaged in a traffic se bok the laws of their country had
stamped with ignominy, there sou no doubt that such had
been the ease, and his n !fiend the Secretary for Foreign
Affairs had not o nitled to notice the subject, which
had been referred to the law officers of the crown,
who were of opinion that Englishmen in foreign countries
who might be engaged directiyer indirectly in the slave trde,
or who might take :laths in execution for debt, were guilty
Wan offence against the law, and were amenable to punish
meet. His noble friend had instructed British comets to
proc!aitn the law of this country en the subject of the slave
trade, and its consequerces. He thought that to make the
slave trade piracy, with a modification of the punishment
. attached to that crime, would be perhaps the best means of
putting an end to it. He was not prepared to pro.
nouace an opinion on the subject twenty-four hours
only after the puleicatie n of the evidence Vetere
the committee of the ether house on the subject • but
he trusted it might be productive of the object which he be-
lieved they sin desired, namely, the extinction of the slave
trade ; and he hoped the time would never come when any
countenance would he given, directly or indirectly, to the
statement that is writ the intention or the present govern-
ment to abandon their determination to put down a traffic
which had been the curse of the world, and at one time a
stigma on our national character. (Laud cheers.) For the
reasons, however, which he had before stated, he felt himself
bound to move the previous question.
Lord BROUGHAM said the statement of the noble and
learned lord was &nest invaluable as a statement of the argu-
ment ; his demonstration had been complete, convincing, sad
trine. phaat of the unfounded nature of the two propositions
which he had assailed, :tamely, that the slave trade had in-
creased in spice of our efforts, and that the British legislature
was in reality an accessary before the fact to the horrors of
the slave trade. Had any one entertained doubts as to the
policy of continuing these efforts, those doubts must have
been removed by the argument 01 the noble and learned
lord. The noble lord ended by expressiog a a hope that the
declaration just made by the noble marquis (Lansdowne)
would go forth as a counterpoise to the report of that com-
mittee to which thlusion had been made.
After a few words from the Earl of WALDEORAVE,
Lord DENMAN t xpressed a hope that the fullest attesta-
tion of parliameetary approval would be given to the con
duct pursued by toe government ; and referred to what had
taken place in .ormer sessions.
he motion was then put and negatived without a di-
vision.
PARLIAMENTARY ELECTORS BILL.
Lord BEAU most moved the third reading of the Par-
Tatnentary Electors Bill.
Lord RE DESDALE said his objections to this bill had
not been removed by the alterations which had been made
in committee. The measure had been carried o sly by a
majority of four in the other house—it involved a material
alteration of the Reform Act which, it wse admitted, ought
not to be lightly touched—it had come up at too late a
period of the session to be fully discussed, and, on these
grounds, he moved as an amendment that the bill be read a
third time this day six months.
Their lordships divided—For
mat it the third readir g.. 3
28-31
On the motion of Lard BEAUMONT, the substitution of the
bth January :or the 11th October, in reference to the bill
coming into operation was agreed to, end the hill waspassed.
CRIMINAL LAW ADMINISTRATION BILL.
On the motion of Lord eminent., the Commons' amend-
ments on the Criminal Low Administration Bill were, after
a few words teem Lord DENMAN and the Earl of Devon,
agreed to.
Their lordships adjourned at 25 minutes before 9 o'clock
till Thursday.

HOUSE OF COMMONS.—TuzsbAt, AUG. 22.
The SPEAKER took the etiair at 12
PRIVATE BU.INESS.
REPORT CONsIIIERY.O.-London (City) Sewers Bill.
THIRD READING.--Virgin Mary flagrant (Newcastle-upon-Tyne)
Bill.
PUBLIC BUSINESS.
SECOND READING.-Bankrupts' Release Bill.
COMMITTEES.-Millbauk Prison; Yever (Ireland) ; Bills.
REPORT.-Dublin Police Bill.
THIRD READINGS.-Sugar Duties; Unlawful Oaths (Ireland);
Wolverhampeiri Currey (No. 2); Bills.
RETURNS ORDERED.-On the motion of Col. DUNNE, return
of all fees payable in England and Ireland on the cancelling crown
bonds and recoenisanc, 5, mentioning to whom they are payable, and
on what authority.
NOTICES OF SIOTION.-Dovcre, is IIinIANT.-Sir D. NOR.
REES, on Friday nest, to bring under the cimelderadom of the house
the subject of a general rating, fur the relief of the approaching dis-
tress lu Ireland.
Gtatinearion OF M131110115.-Mr. OSBORNE, next scab)°, to
more for the repeal of the act requiring a property qualificition for
members to sit In parlbunent.
aePETITIONS.-by Mr. J. WILSON. from the sugar refiners of
London, praying alehouse to postpone legialattin on this subject tin
next sedan.—Mr. 0. THOMPSON. from the agent of the late Rapti
Of Batista in this country, stating that the family of the late Rajah
were left in a state of great dilate., and praying that their case might
be taken into consideration by the houv.
- - - -

--------------
gard to country banks, similar issues by the Bank of Eng- right hen. friend was to bring en his motion. 0, me,
land, unbar. d on bullion, would have produced in all (the present) 'light teen were 42 members eoeseo.,
probability the same results. The get of 1844 had not pre- when an hon. gentleman waved that the Meuse en-"nees
vented the Bank from giving legitimate asurtance to coos- Now, he sicked, was it likely, if the question wee hile'ese.
ion on the qe to
mere.; in fact, it had gives. such onistance until the prevurc such importance, that that would be the case ? If e.e,oe w,
of 1847, and when extraordinary circumstances occurred, hon. friend would not invite them to come to at. present
erdinery interference and for relaxing the reetrictionsimpo,ed. come to an engagement as to what they 'mule e:—nz
Tne tenour of the evidence given before the committees of year? Then h's right hon. friend cold
teat the home ---e'
the Reuses of Lords and Commons corroliorseed the views of leer • wounded Noe° dragged tts dow the h
the government on the grounds on which they had acte J. If it was so, he (Sir it. Pi el) said, let Lot the hoilse no.
It was admitted that in the cote of adverse foreign ex- itself the airs of a him conorietor, and cemplete the pi3O,SO
that a limitation in the issue of paper was regain-el, and by enacting the "needless
that in such circumstances the operation of the act was bene• the lc es parliament called the attention of the conntryl7.
aced, lie asked the house if it was prepared to depart from what th, y. would do next sesteae toe bitter. :loose • se
the law regulating the currency of the c 'entry, and what ing his uujectien as to lime, he a null be very um item
which cold be
sort
tohfecrrei;;hitt thhoeny.
mweenireb.prre(pmarredlltoenit support.
on ~.hltnet
swysotuelmd
tilieenur; talegedewhahre, ofth ewitehiminee tthoestditreuel,issei.uns
should
arrive
he wound have a parser currency B cause, if it was to would 'minuet' to the utmost of his power the . •ice,--d
be the representative of seed, he considered it to keeing in force the eistrictive dances of the hillree'le -
be set exceedingly queetionable re gelation, e
thick ad- Hegel ieved that th' se clauses prevented the mourren St
mined of paper being obtained when gold could not be April last, supenddeel to commercial pressure, of tk.,. 4Ct ..
bad If paper was to he the tepees, ntative of and suestitute if political panic. Ile believed that the Rink sunned Pre
Pert, and ts show
Mr gold, he eddied to know what relatio i it was premed pence, red from April to June as they did nom January s—
' shout I exist between the two ? eVith regard to the removal Aped, ,n extendi ot the amount of securities, son ee's,;_
impeach the of the restrictive clauses of 1814, he considered that it lienel that it wu only the salutary pressure impes.. Ib, Ho
would be better to follow the rent:emendation of the act which prevented it. When the time for discu-sen oe*Te
the
the committee
provisionsoi oftoCoLimaoions,
f the act
serving to the government, in the ev. nt of an extraortli' made would be to give the Bark of Earthed tbs
nary case arising, a discrezionery flower to act as they power of repealing the restrictive dense.; sad that as .
11:01lICiohedallrocw. thatarri" thehe wnalsosPtre
thought proper. 11, believed he reponse I the views of the was impossible to forme° what eircumstenees nieces ezelle
government in the opinion which he gave, and whenever the which might necessitate ouch a measure, it win messed!
ri,ht lion. gentleman (Mr. Menem) propos, el to bring ton safer for the country and lotto, for the rn inetery noose
eimarporsdlittioc
weed his motion he wetted certainly advocate to the best et to reserve that discretion:try power in the handsofth, eeesse'
les power those views which he had fermi rly professed, and aunt to exerc:so it aec.ordieg to the eICLIMS'I4 es, aseee
which had not undergone any change from the inves:igati in meet the peen ure amoral.; zto its nature and chsracte r
which had taken place. than to allow to devolve en the Bank the pewee et .le.eie,
Mr. SPOONER said he approached this subje et with the restrictions only under given cireunietances. telt ---'
gnat embarrassment. He entertained no • loubt as to the the effect of the nets of 1811 and 184.5? They centemplatee
opinione tie had held for mney yearn ; but he was conscious many things. They preeennel the ',mine. of in 're peee,
those opinions were not in union with those of the majority by the bauks of &outland and Inlain, arid tte i n'O„'
o. the home. Ile thought the right hon. member for Siam- by {Cs of England, beyond a permitted ameunt, to ':', di,,
ford had laid very strong ground ter fain motion ; the team issue t ink place in gold; and when messiest eaeol ee i
at large felt the question to lie one of vital importance, and they permitted the issue of 33 millions of paper ninny
one on which the integroy of the empire depended. Every by those banks without the off 33 ol a angle paper, ,,se
witness before the osomittee had stated that the hill of Ilan. gentlemen 'smelled an this feature of the ast; lot 'he
1841 had aggro
the distress ; this, of itself, was sufficient said that the convertibility of the paper i""°' a was insured
ground for considering the question. The right hoe. gentle • by its limitation. Remold not say too much o' the inmorte
man op
Paid eat had no ids
aof altering the law of 1844; ante which attached to the principle of c •ntionee convert.
I out that its suneeesiou might occasionally be necessary, end ibility, that the note elicielel Pan on the principle
that the government of the day ought to have the power to of a metallic standard. All the evidence of coo,
make such euepernion. Oa the other hand, he thought no trees with which this country coma in ontet peewit the
such discretienary, power ought to be entrusted to any advantage of the system, by show ine that the tenor non
1 rnitintry, on account of the uncerteintY which it would eountnes bad approached to a complete me dee turret:
introduce into commercial affairs. lied the act of 1144 the less had been their commie. id. eissreeliO An: looking--
been proposed u one that was to be subjected to periodical to the
the
circumstances of the country he c ,nedsteal
euepeusions, the hotne would never have consented to it. chit the greatest calamity which could fall upon i: welled be
On the contrary, the right hon. baronet who introduced it to entertain the notion that in the time of nreseiee 'ee true
bad said it WOUlli put an end to all panics era revulsion,. method, of mitigating the roil was by re 1-x ition of tee
The right hon the Chancellor of the Exchequer hire said that resolution. in quesima. Ile assured them that po emu,*
.he act ought not to be interfered with mhos on the recur- its o. n remely, aed th ,t seett a tease would only segment
rence et a panic as gnat as that of October lA. But did the evil, and Involve else sountre in real d .neer fow the
I.e remember t :at the property of this country hie been re- discredit which would be hroug .t upon it. The senile re-
amed at that time 2.)0 millions below iu value in October commendation of the Lords' committee 11,411 that these Mali
1846 ; and would he swain nit quietly by and wit- be the power of relaxing the r. sni. Alone in the set, end teatthat
nets another reduction of eel/ Miami* before hp came power sheuld bevested in tbe Beek of England. li powerless
to the relief of the suffering icon rests, ? Allusion so Testi d, he said it would be emits,. all mine:cots. its
had toen made to the evidence of Mr. Gurney, who homes had only passed the bill in MI, after three yaws(
it was said approved tho principle of the bill. But Mr. inquiry, because it wax impressed with the eouvirent did
Gurney hat' stated diet not only the degree of inselvency, the tank had exsreiseit enseretienary powers, and had not
but the number of failures, had been increased by the wisely mereised them. The right hon. erental the
pressure proeucel iiy the act of 1811. Ile added that, had receet example `the officer who had Marge of Mr. S.O'Brien,
tee act been fully carried out, it was impossible to predict who presorted pistol at the head '1 the eneinter, and
the ultimate comequences. It might have led to the • to; pue cempel:ed hint to proceed to Dublin in &fiance of orden.
of the Batik, zed must have produced • great national Ile considered this an Jenne" of the deceeneeary power
calamity. Tallhe some eft. et was the evidence of Mr. H. which must lie exercised upon all matter", acceding to the
Palmer, aro! al the other witnesten, except the four gen- necessity of the case, and which he consi heed wouid apply
carmen who supported the act of 1841, amongst whom was to any relaxation which might ee neceserre in the 101 l in
Mr. S. J. Loyd, the author of the bill, who i f course would question. At the same time that he urged that the power
not readily give up his own crotchet. That gentleman should remain in the hands of the government be red not
however, was not so confident in his opiaion of the act of doubt that the Bank directors were worthy of eintidence,
tell
es he had tormerly been. Ile adrnitte 1 that a relexa- and that Mr. Cotton and Mr. Norman, who hal given
tion rreght take place in the last extremity, when there was their evidence, might he trusted with the utmost credit.
a liability of the exchanges being deranged. Ile therefore Tney distinctly declared th it they advised that the act sheald
tho not abi.io any longer by tee principle of the not be relaxed—that the p over of relaxation should be left
bill, which was that • fine tend unaletrable quantity a with the Bank. Mr. Hensley Palmer Wen- dissented from
notes should be issued. lie (Mr. Speoner) objected that the that. 'That gentleman was of opinion that there should bet
currency of the country should be placed at the mercy of relaxing power ; but that to give it to the Bask would be a
alterations dependent on the recurrence of panics and ten vielation of the law, and that it would be absurd to relax
tress, which ruined thousatids of individuate end centinund with one hand and to rennet with the other. 'nay said
to operate for a long period. It would be impossible to sup that they were a maim, rei .1 betty, and that they were sub.
press disturbance while the disaffected and seditious saw J. to Preesure, and they theref re wished to hsee the amen
large mass s of she labouring p.•puletion deprived of the rity of the law to enable them vs resist that preemie. Bat
means of obtaining food, on whose anietance they might he (Ser R. Peel) hoped that they would continue Bat
means
ulate. Far be it from him to furnish • justification ter strict one which these gentlemen seethed to enemy welothat
',tech cenduct, but, after the nelie conduct of the people of they would not confound the issue of imper money with the
this country in abstaining from rebellion, some consideration capital of the country ; that they would nut Wen, it tabs
ought to be bestowed on the count of their distress; in the power of the B ink of England to raise or diminish
and a motion like this ought art to be met tee rate of interest to the extent the p wished; that they
with the pre vioin question. (Hear, hear.) The wauld recollect teat *ale was eireied on with capital sae
risht hon. member for Stamford (Mr. H,e ries : had not with paper money. other than as paper money me tbe
given a narrative ot the history of ties currency question representative of gold; that the carrying on of trade by
sone 1815, but he (Mr. Spooner) would g s back to the year meato of credit meant only that they trailed riot with other
1810-11. He had been an anxious auditor of the debates at People's credit but other people's capital; that the greatest
that time, acid he wholly concurred in the sentiments aed advantage which this country o old have was fixity in the
opinion's then addressed to the house on this subject by Mr. value of money, and security fir the convenibiety d
Horner and Mr. Henry Thornton. The former, in 1810, paper ; that unless they had that fixity and that canverfi-
had stated that every year there had been a graeually in- 1
Whey a 1 clones would miner—all tho.e concerned in ems.
creasing depreciation, and that the time had come when st meree and minufactures, but those chiefly would eater who
ought to be arrested; but still this country had gone on up depenied fir every day's subsistence on the wage, of
to the year 1819, when, without any iry as to the effect tweeue. (Hear, hear.) Depend upon it three if the ear-
it would produce on the credits and delve of the country, reecy were to be reduced in value, there wined, at first,
thi TP had been a return to cash payments, a system which, be be wo corresponding re Suction in the value of the w-
in 1794, Mr. Pitt had found it necessary to abandon, and. titles to be purchased; but that the sIVO shil: ace or
though in the interval the debt had increased nearly three. three shillings a day of tee labourer wooed become gradually
filet. Since that time there had been oo real, regular of less value than before, au I teat no one clam tm meet the
state of prosperity in the country; on the contrary there had whole of this trading community had a more fixed and par
be n releated a;ternations of prosperity and distress. In manent interest in those arrangements which gave to their
' 1819 the bill tame 20 full operatien and effect, and t'il, paper as much as possible the character of a metallic can
I result was that in 1820 distress commenced, which went on renay. (Hear.) When they next approached the mei&
1 increasing until 1822, when Lord Castlereagh came down to ration of this subject he hoped those principles weak be
I the hews for an extension of the currency, in order to meet borne in mind, that they would not believe that pressure in
, the distrese brought by the tea sudden application of the times of panic and distress was necessarily an evil—these
stemware of 1819, though in that year Mr. Robinson, now the hear)—that prenure, a salutary pressure, an early
Heel ot Ripon, in his memorable speech had halloo d on. preniure—a compelled pressure—that presentee the to-
wards speculation, and declared that the " prosperity of the cessity of which, if not induced by ureic, was
country was founded on • rock and was administered to a compelled by law, might be complained of by tone,
grateful peopee through the motels of the cmtitution." hut it was the only remedy against increased disasters, sad
Within nix months after that speech prosperity disap- the only guarantee for securing the convertibility cf their
peered, and general depression and distress supplied its Parser money. (Cheers.)
'stead. (Hear, hear.) To the measure of 1819 wire these Mn. HUN rZ was not surprised that the riaht hon. harout
tho , at.o one to be attributed, and so long se it remained in was determined to stick by his law, but the promise which
it
, eff. et it would produce these consequences. He regretted much held out had been broken; but as the right hen. bar, net ked
that the right hon. baronet the member for Ripon (Sir J. up to the last moment adhered to the corn law which ho
Graham) was net in bis place ; but he, however, would afterwards repealed, so be hoped that he would act by the
quote the right hon. baronet. In the committee room up last measure which he bad not overturned. (Ilea-. beate
' stairs he had asked the right hon. baronet what he thought The question in his opinion was, whether the people of
of the evidence of Mr. Pease, on the subject of the state of this country ought to be bound by the improper
I dieness which prevailed in the north. The right how. transactions which took piece in 1819 and bi fere it.
baronet replied it AU very alarming and distressing. Upon The industry of the people of this country was sacetind to
which he (Mr. Spooner) said, " Ah, Sir James Graham, its the monied interest, who were receiving much more the
your fault ; you have brought it upon the country ;if you they ever gave. The opinion of Mr. Homer had beet re
had been true to your principles you might have bees felled to ; but Mr. Horner shortly before his death wade
prime minister end saved the country from the ruin this remarkable statement, " Whoever attempts to set die
in which she was now involved." To this the currency of the country right without taken into NOW
right hcneureble baronet had replied : es 1 have not the new circumstances which have arisen and the vast ed.
altered my opinion of the bill of 1819. I always said that ditienal obligations which have been contracted since tai
bill was a dead robbery on the debtor interests of the payments were sul)tended will inflict indevribthle niter,
country, and I say so mill." But it was said the deed was on the people." (Hear, hear.) He admitted that the act
done, and that a greater injustice would arise from any of 1814 was necessary if the act of 1819 was good end wise
attempt to undo it. He denied that the deed was done, for But he maintained that the act et 1819 was a gross injusece,
the bill ot 1519 had never been brought fully into effect, and and it would continue such till they
reduced pelt a to the
it only served to bring about prosperity to-day and adversity level of 1819 the level of continental prices. (Hear, hen)
,to morrow. He warned the government speedily to Ica Ho hoped that they would stick by the act of Mt if they
the matter full in the face and avoid a responsibility which could. The illy would comes however, when it meld blew
threatened so overwhelm the m. It was said that the mea- up. The convertibility c f the right hon. baronet was sons
sure of 1814 was designed to prevent rash speculations. idea, not a reality. If this paper was really convertible et
When the Chancellor of the Exchequer spoke against mere present, why not change it into gold, and that would settle
trading and speculation, he forgot that it had all arisen under the question at once. He was in fumy ot mover.
the very act of 1844 which he was defending. He ales for- tihihity, as well as the right honourable bstocet,
' got that if the Bank of England during the crisis had been . but be differed with him es to the quantity.
empowered to make use of the bullion then in their cutfers, The right hon. baronet said that the act of 1844 didit, eel
net
they could have greatly diminished, if not altogether arrested, aggravate the late distress. If it did not aggravate
the panic which had been so injurious to the commercial in- relax that
wet,
and why
(wart) the digress
sh mitigated
st the
the
Wrests of the country. moment it was relaxed That owed th
I Sir R. PEEL was prepared to give his hon. friend credit act of 1844 had something to do with the dietrees. The fact
I for nonsietency, but certainly did not expect to find him was, that there was plenty of money, but it was in 575 i
avowing himself a disciple of Mr. Horner and his principles, bands—it was in the hands of those who had it hoarded in
If his hon. friend meant to maintain the principle of Mr. order to snake profit upon it, but as soon as they knew that
Homer, of having his paper converted into gold at the will the Bank had the power of issuing notes they left this money
of the holder, he could tell him, that alth ugh the debtor free. (Hear, hear.) He thought it a disgrace to the go-
might be benefited by it, as a regulation of the currency it vernment to have interfered with the eel of 1814. If
would not make the slightest difference. He might call a they had not done so the whole question would hoe
pound twelve shillings, if he pleved, but still precisely the been settled in one week, and that woo what he wanted
ea
as
tame state of things wauld arise when the value ot gold see done. The result now would be that a worse penie net
wu calculated at 31. 17s. 10d. the ounce. With regard to greater misery would occur again ; the people wattle suffer
the witness Salt, whose evidence hie tight hon. friend passed more, but then they would not endure any second Wolin*
over with such apparent slight, be mutt observe that when ing with the law. (Hear.)
he (Sir R. Peel) asked him whether he was c srreet in be- Mr. HUME said he was utterly at a Ins to under•
liming it to be his (the witness's) proposal that nationsl stand the right hon. baronet. The motion before the
paper should be tutted without iimit and without reference house did not require them to go back to the act of 1819.
to a metallic standard until that period should arrive when His right hon. friend who introduced the motive made.'
trims would give full remuneration to every person in clear and distinct statement, and said that the get ot 1844
commerce, and until every gbh-bodied man obtained full aggravated the late pressure. Most of the witnesses who
employmint, the answer he received was " Certainly " wereoxamined gave evidence usinst the bill, but thecae'
(a laugh)—and yet this witness canfessed that his views mitten gave a verdict against that evidence, He Our
upon the subject were those of the Currency Reform believed that such would be the result, because he said that
Association ot Birmingham. (Renewed laughter.) lie added its object was to whitewash tuose who had a hand in the
that until that happy period arrived he would not fix a act of 1844. He believed that the report ef the Lore'
standard. He must say that he did not see, though his hon. was an honest report thoesth there were some recomtneedo
friend was endeavouring to get the witness out of the box as teens in it which were difficult to be understood. Tee nee
I quickly as he could, that he differed materially from him. hon. baronet said this his measure was a self-acting memo.
IHe wondered whether his hon. friend thought the witness a but it was found that that was not the case. lie would
dine!:
not
disciple of Mr. Horner. (Laughter.) With respect_ to the leave the commercial Whirs of this great country to ;U
motion before them, his right hon. Mead (Mr. erries) in- tio nof any one individual. A time might come when Pe
H
vited them to enter into a pledge with regard to their pro- Chancellor of the Exchequer might be a fool. (Inarlatel
ceedings in the next parliament • and, to be sure, though All the evidence was against the right hon. barnacleee_Oe
the promoters of dissatisfaction, and disloyalty, stuck to his bill against alt the facto. The members of the
throughout the country might be dissatisfied with premous present government and the late government united tui9i
questions, still he did not think they would find much to whitewash themselves, but were it not for the Winn
consolation in the original motion. The motion in absence of two members of the committee the divon wet
question ems one by which the house engaged have been equal—twelve on both sides. The anw,
to alter the law, but were next session to take the matter would be able to determine which were ret
into their serious' consideration. (Mean bear.) What would when they uw that the evidence was all on one IL.,
he gained by such a course ? He addressed himself to hhere never was more uncalled for legislation. All Sntesee
who differed from his views, and he asked them to conside was against it, and yet the act of 1845 was tbrust down thee
that they (the house) did not stand very high at that goo- throat at the end of a session. No man wbo had heard tae.
went it respect to theirpractical adoption a great reforms. evidence of the Scotch bankers but must be convinced. of vr
(Hear, hear.) In short, they had shown rather a taste for mischief that act hail done to Scotland. Me ite :fro'
discussion than practical activity. (Hear, hear.)
Subject the bills must be reconsidered by the present orese fs
had been propmeu in the earlier part of the section which parliament, and on that ground he concurred in the
the overnment had fod it quite im porible to carry for of the right hon. gentleman. a not W
thatg reason, because there was a decaire to have them tho- Mr. HERRIES said that he rose to shorten an
roughly examined. They had now arrived at the 22ndof note a .ught ogo olie
prolong the element debate. He had n .
.0e os
Auguet without havinss presentuch progrese in legislation, the merits of the question, but only to pledge the no ,
etel 0 ""
and not having leafleted p engagements they drew a consider it next eession, and teat object was die
e,_ ta
bill six months betore date in order to be ready for next believed by the discussion which had taken place teee de,
eession—(" hear," and laughter)—and under what Mecum- shown the house, and he hoped also he had ehee__so.
stances? His right hon. friend had said that the country
country that the report of the committee was not in cede
in a state of anxiety on the subject. Oa thatunity -, t had thsught
under- with the evidence. The governmen
.rt
standing he (Sir R. Peel) came up to town last Tuesday and
to meet his motion by moving the previous flu he
les
found that there were only 33 members present when his although hem ight fat. on the present occasion le w