The Express.
London, England, 1848-02-18 00:00:00

T,- he Orpreoo.

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Tea nsunber of STAMPS issued to the DAILY NEWS
by the authorities of the Stamp-018os, during the year 1847,
was:

Frogs Jew. 1, to Dzo. 31, 3,447,009
Mb, we believe, is within tight_ per cent. of the number
issued to the Horning Herald, Morning Chronicle, and
Morning Poet, ALL PUT TOGETHER.

In addition to the above, betted to the DAILY NEWS,
Mamas° Paper, there were bated for the Evening Edition,
THE axpasss,
From J AN. 1, to Deo. 31 778,714
Which was men, we believe, than were lamed either to the
Globe or Standani, Evening Papers.

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LONDON, FRIDA Y, FEB. 18.

Tin debate of last night, whatever may be its nega-
tive consequences, will have at least one positive result
—it will give additional strength to a conclusion
already somewhat prevalent, that the fates have not
decreed that Sir CHARLES WOOD shall obtain immor-
tality by his elucidations of the topie of currency.
He may possibly be ordained to a brilliant destiny,
but scarcely, we think, will he achieve any remarks.
Me distinction as an expositor of the bullionist theory,
or as an annotator on the currency canons of LOYD. It
cannot be said that he is not fluent, but it would be
a hardy assertion to say that he is convincing. He
may possibly be a bold, bat we apprehend that his
supporters on this question very often lament that he
is an indiscreet champion ; and, although he has the
habit—a habitof which those who differfrom him have
no reason to complain—of insisting with oppressive
emphasis upon arguments which cot more ways than
we, and generally have their sharpest edge towards
himself,i we are unable to say that his apparent gene-
rosity can be described either u frank or ingenuous.
His haste overpowers his caution, and his exceeding
confidence leads him into perpetual dilemmas, out of
which a retrograde movement is generally the sole
mode of disentanglement.
Mr. HERMES was probably not a very brilliant op-
ponent, but we shall be much deceived if in the esti-
mation of the country the solid texture of the speech
of Mr. HERMES does not very decidedly outweigh
the official smartness of Sir Cruathes WOOD'S rejoinder.
The rhetoric of Mr. Heitnica might not be of the
most dazzling description, but his facts were stubborn,
and his reasons cogent; and if his cause had not the
aid of eloquence, it certainly lacked no advantage
which can be derived from a tone rendered earnest
by conviction, and an apprehension really excited by
tke perils it described.
We can conceive no coarse more constitutional—
no procedure more reasonable and temperate—than
that suggested by Mr. HERRIES. He asked the
house to enrolee formal opinion on the extraordinary
policy which had called them together at an un-
wonted season of the year. As to the tenor
of that opinion there can be no ques-
tion. The House of Commons participates
in the unanimous belief of the country that
the suspension of the Bank Charter Act in October
was a measure justified by every consideration of po-
licy. Starting with so plain a case, the inference
drawn by Mr. Reams Is as obvious as it is reason-
able. He simply says, " Yon confess without a dis-
sentient voice that the simple act of suspending this law
was the means of averting a national catastrophe.
Now it is quite possible that a similar exigency may
again arise, and I propose that, now, while the at-
mosphere is clear and the public mind undisturbed,
we remove from actual operation a law which has
been, and which again may be, the cause of a moot
deplorable crisis."
To this very cogent and common-sense plea, Sir C.
WOOD opposes an answer of four points.
He ages, first, that the proposition is ill-timed,
and the anxiety chimerical, in the face of so abundant
a reserve in the banking division of the Bank of Eng-
land. He exhibits with considerable satisfaction
the figures which will illuminate this evening's
Gazette, and with all the confidence of second-sight
he bide us be of good cheer, and dissipate our fore-
bodings to the winds, since the directors have the
command of 9,686,0001. of unemployed resources. In
the second place, he sees no need for prevention, since
cure is so readily at hand. Parliament, he argues, is
sitting, and nothing so easy, if a tempest should
occur, as to forge a special charm for its abatement.
And even if parliament be not sitting, it will be easy
to do again what has been done once, and a second
time save the state by abrogating the statute which
was to supersede all such adventitious devices of eel-
vation. He then conceives that there are reasons of
policy and courtesy why the house should not inter-
kre with a subject already referred to a committees
and, finally, he puts in a general plea of " not guilty."
He is quite clear that the panic did not
arise from diminution of circulation—nor from the
misconduct of the Bank—a statement, by the way,
directly at variance with his speech in November—
but it arose from alarm excited by the low state of
the Bank reserve; and it was cured by suspending