The Express.
London, England, 1847-11-24 00:00:00

6 I '2/

~-~ ~~~0

'IMPERIAL PARLIAMENT.

HOUSE OF LORDS.—TtrthoaT, Nov. 23.
At two o'clock the Leeds Commissioner—vie., the Mar-
quis of Lowdown, the Marquis of Clanricerde. the
Merl of Auckland, Earl Spencer, sad Lord Campbell,
leek their seats below the throne. The Marquis
of Lansdowne, as the president of the commission,
tan ecounanded Sir Auger= Clifford, the usher of the
Meek rod, to desire the immediate attendance of the HOUND
of Cenamose, to hear her Majesty's speech read. On the
urinal of the Commas, boded by their Speaker, the Mar-
quis of Lansdowne proceeded (the commleneners remaining
covered) to read her Majesty's speech, which appeared in the
Papeete of last evening, after width the Commons left the
bar and the Lords Commissioners retired to disrobe, alter
which the business of swearing In pears was resumed, and
continued tall floe o'clock.
The Earl of SHAPTESBURY moved the first reading
of the Select Vestries Bill.

THE ADDRINS.
At quarter peat 5 the lesl of SHAFTESBURY, in the
all.onoe of the or
Chriosilor, reed royal speech, atter

width
The Earl of YABB01017(1I1 refs to move the address,
sad said that, whatever Mumma of opinion there
eight be at to the misidnet t the preset
Mere el bar Majesty, all meet =Situ the, has bees
pima la (11111041MOSI of greet ;a Lmittler those
lissoiftasse he beibmithey hodaded the best Memo
et the esimay. Ha dee* deplored dr ksteen and preemee
which kr ems time prevailed sueseget the esamercial
dames el kis essay, bat he trawl that the est of her
Meistre severmant lad mitigated sad relieved that
Hems of tide *dads might probably differ
=ass to the saw Si that Mamie but he believed it
wee =dolt owing to the abesepties el a large amount of
mew to the' psi* ef bed be this country, and in the
amerammeat whisk bed beat gives by the legislature to
railway underteddespe. He bead, on referring to othcial
papers, that the eenatity of ems Mimed into this country,
up to Nov. 10 this year, wee 104,40, quarters. (" Hear,
hear," from Led litneley.) Ha (the Mari of Yarborough)
usdentood the shear of the noble lord opposite.hid Hetaken sup-
peek the skis hal meant this isperation
Itet . he am et the sithestsseure esesedyzeed fa the
isseldne eau. Bat he tisegin
mLip
aid egos with infra that the *sea* mum writtt
tool to`the lasselabie Skase ef tho Immo crop is
Ire-
I lead ; and alrirldik: that Smyth no alteration
had taken the men law the effects the
bed hervals of sad -INS wore sash, of
that
it would be fressailik not to pare* the import of corn
' daty free. (I6er, hem) In 1846 there waa also a very
large inparkdise el aw, amounting to 4,770,000 quarters.
with the drain of messy which this oe-
illa."1411119 INN sisilling by puthement, in 1846, 104
rellwaylah, reerbeg sea mpandime 69,000,0001. ;in
1846, 260 reffmay bills were smeriseed, squiring an expen-
diture of 132,117,0001. The amseqsase wee, that capital
was withdrawn from other limethes ef trade and invested in
offtweres let for the p elf investment, but in the vain
hope oireeking a rapid and in this way the general
trade al the euntry was pa* disliked and
The sampseence was a penis ht the emmercial ,stert
bws, Oise was not seam to the mardry, bat ed
by the mos he had asitimed. Mi,,sa the 'overc-
ook Imatket tab bad been peedipmk, sad tha( the
pemenee we engeeeMeth key, acting sat lordly tat wisely,
sal ea mature deltheelen. took measles to ease the coin-
nee of the saaatey by giving power to the directors
ef Ithe Bonkto be kerma their muss. It was sa-
tighelory sleett tha having given that power
Mil not hems necessary to use it, which dearly
I showed that dm menus was occasioned by spanic, and not
by ray want of ussey. It was satisfactory is know that the
mews of the governmenthad had the effect of restoring con-
WINO to the country without violating the Oct of parlia-
ment And he trusted, now that the pressure was over, that
they would not have a recurrence of it, that trade would
Imam its usual channels ; and that this country, which bad
at firmer time* suffered so much distress and reco'ered from
it, would show the same elasticity again. He beloved that
if they had next harvest as good • one as they bat last, the
country would be found to be greatly and genesally im-
proved. It was with great regret that he learned from her
Majesty's speech of the recurrence in Ireland of thatscareity
which occurred last year. With that distress, he was sure
their lordships must sympathise, and that the people ,f this
country would be willing to alleviate it, if her Majest!'s go-
vernment were disposed to use their endeavours to en-
force order and respect for the law in that coiotry.
But the people of this country would fiat d all
require that every exertion be made by the proprietors
of Ireland towards relieving the poor of that country. It
wasemeseary that law and order should be established in
that caustay Mine any permanent good maid be effected.
He derethre hoped that Mr blejestra government were pre-
pared to prows measse ba respect to Ireland—not harsh
emenree, but eels as would deter the inii-dhpeeed, and pro-
test the pesesetie and indearziese. (Hear, hear.)
The. pseud ethelektration were always desirous of
tsartsarinas Swaralate te Ireland. (Hear.) No lees
AM. bad been voted lest year, of which he be-
urea
Bead 11,000,010 ware meat, end hs tread that 1011111 sea-
* O*t
he thane Wiese* t that sonatry would be
pemed. Thar lordships would, he Neel, lee with him in
Habig her Majesty for friendly relations
with fleeiga este and for her realism to use her friendly
haineme Sr the puree el restering pops to the Swine
Cesidereliss. It me eedilhasey to but that there was no
TOM M the dames of *rem was likely to be
sodengeraLltimasiseesay that this country 'raisin
sakes may Mkt be the seppreaka Ski slave trade
bat he *eked that thembie IMAM the heed of the
mold *eke le Meta 11011111111.111 111 111~, the
toehosise of free Lista* iserthe Wes India
Mee 111spesty recommended to the house to take into
denim the navigation laws. Be hoped their
meld agree with hint in the opinion that eesestblegia=
be km with respect to the laver—mblibee they anstst
Wrath isquire if they mad net beengiv up, sot only
injuring dui mu*, but with the oast, Pi
of it. Assam. subject of importances wellitril
ed
ametery °smithies of the country. Thee was no-
shes which ha wee ewe melee te use paused than a bill on
tide subject' but he lisped it wade net be amikted to the
asetrepelie, ter these sere themantry
whisk soy mak esmarer="ll.legielaidthrer :Ms respect.
He leaded he km swam that their lordships would
epee to the seism hems now about to move, which would
amore hs Ile jeelq that the subjects she submitted to parlia-
ment timid semis their red emadderation. The noble
heed amitheiadjarrosetesi the
Lard ILB N , who seessited the address, In the
Masa ef the Med ef spoke only for a few
Wefts, sad was herd meet
The malign that "the hems agree to this address "
ha been put haa the
=1 STANLEY nee Zilliertainly, my lords, I had
hoped that some ether neember of your lordships' house
weed has taken adesserge of the t opportunity to
endeavour to collet healer MeJ • advisers some ax-
pheetie of the Imlngline and the rams for width parka-
meat be beat esassmed le meet at this mist awed sad
insaimodeatheariaL
__l(llfier heer.2.2tt aids: that see
*fnallaies,t parralleete I."Ar-seurt°l='"4"ll make 'W-
u 'believe, of greater anxLty or sire, sad
=ski that this address, which is ea mho of a
tiagalarly euramensedece, and peculiarly barren ia
is ihriader, is Mast le pm without observation, I feel it
lesslast apes me to asp sly wards in explanation of the
isms** whik has hem mein upon my miad by the
speak Ile*, eml the oapeemim el say moth Prima, the
meow sod seas* Oka reply. I ommeass with the Set
IMPS the speak; earl lOM at mei do her "'-
MINIMUM kaistice to say that they have not ft*
kameitemm item yes, or from the world, the gees/atm of
the -ihe asinsidity of the dilkulty—by whisk du
=has been, sal sestimes to ainer
yvinsed, whether
*sake emmerdelly„ er with rel-
ies he ewe sin* kiss* sr ear samente. Never
*es I Imo had a setts pesllsmamt, a paneled now of nearly
sees de I realist a period when
id
re ..1141Vadnislee IMlamers hr hadsiteo a political ho-
Mathes deetheil—eedeveld eft to which we
es leek ale Om of =Mae ! Weak at dee
"seek. The • reikemit to tad. Ads driet,
sad bide ad admiselent as It b—empreaeas the
" mem "wfth whisk her Majesty remade the stab
▪ fiwilesisad. The =kr
iEg things
at hem Me hat* ler =O7
taltile="1111111 thi7te=sciacessees la Gist
Masts, -sat sheet this ahoiretket ( is TM*
the Is setado la *0 braes *he deo sat pardelpette).of the
=wee with *hire these 'Whet ego live bees team
hear.) Bak lords, are the Ileireamos is SIMI
and at hone. Tarnlag to ear seems* zeladess,
Yee
of "mars "is again mowed at the yeeta-
Imes ef • Maws itartagibe eememeN body, whiche
lent are other knees ef esemmity. Her .
that" laments" ka Meirrense Sweet *Sem in.=
--" imeass " the aloadoos atom whisk have has cam
emitled-0" laments " the tit et larrabeedinalis whisk*.
A
aseiented. Her M swam (mdirdl she sheer
her anxiety "at pees* seaMdett el the sheer
" ‘' eirmora," "lame-
wet tritirimko et tea* her "sian " over
the sine et" over a system of
korhisiloolea h ebseslrid as ameba( to
Messier sholle• Why, my Wes sat Ilmad=do
▪ 110111 M IN ISMS be .11111111111111eild:
▪ of Mips* WON_ end es slam (Chem')
When is kb pitatifieldei her Meisety's gourmand &-
Ms us to high lettemmuleislis fir Mk hops ? There are
..laimeadissa" kr We pria—v•assielles" for the proem—
appreksmine" hi *states. Ilevet, vasty, was there a
dot idol It we ape math' to Me halite OM the em-
elt et Ile sava *WI be by sea theosolas into
111 the stye and
et She esairle4ireglial
emir on eosin sibs ertierat odeme—(Lcred
=l:ehealogi—eopabli et MOMS bs-
11.0s/Isi asoesisrofei at • aid obi
kW,
_esti loaelly to se
Sle thin:emody, thessIMMOO
that ksi sakes is se Mad that they sity deny
themselves en the petsiotia el Avail, mese of
the
themuusest—am, sl Me ae—otptehis4Nid amet4
am& Otualt &soft.) New ter these a Yoe
raVaal y's its:hoot4l potimatitialt="lll6
leig=riahlis et Willi irtrilaTribelkit
hp gm IVIMAT ( thaela.) My Way Sr he
talantar um= NEW le
amid *sem lbst-theitaillists has
Shil to ea' bora Jima salhlhellea,
*tea um llst mows eel slaw haveZ4
rieel
belliF• bee ads& reirrilist
bilitslisa SIM ; I odds ts SO Mot theosesea
&dm Atte d Mho. Ist, say Leis,
Asst say baye awed the oreirseehl

1 serenity, I fear, is far from being restored. You hare not
yet received accounts of the effects which these disasters may
have had abroad—in your Indian empire—in your colanid
—swag the merchants in foreign pans. The effect on the
essessreial community hare hes been serious —it his bees
ahruthig. lam biz from thinking, In the language of the
yeah, that " the alarm has subsided." The noble mover
of the address, referring to this part of the speech, compli-
mented her Majeety's goverament for "going beyond the
law' " and taking on themselves the responsibility of en
est whisk tended to the restoration of confidence. My
lords, I am not slew to jets the noble earl in approving the
mums leer Mgestesgovernmenttook in the last extremity—
(heer)—fer tle ramie, egging the we're.* of misfortune.
lam free lashed to egress my opinion, that if that en-
campment bad been even more early and nears liberally
a;lssww)—it wean have tended to check the panic
lsrore. I will not deny, my lords, to the government
any credit they may derive from taking, though at the last
moment, a step calculated to save the country, even though,
by as doing, they infringed an act moistly passed by parlia-
ment. I knew not whether it is intended to ask for an act
of indemnity or to take in any other way the sanction of par-
liament for what has been done; but I do not hesitate to
express my opinion that the law has bean violated, and that
for its infraction an indemnity is required. It is the Water-
ton* of the government that this is the second time in their
short term of office, that they have requited such an in-
demnity, but I repeat, required it is. What says the speech?
"Her Majesty, for the purpose of restoring confidence,
authorised her ministers to recommend to the directors of
the Bank of England a course of proceeding suited
to the emergency. This course might have led
to an infringement of the law, but her Msjeety has
great satisfaction in being able to inform you that the law
has not been infringed." .Now I hope I shall not be consi-
dered presumptuous if I take gene upon this point, and de-
clare my opinion that the law has been anfringed. lam not
discussing now whether the law wee adapted for all caws or
all times ; lam considering what it is. It proscribed that
over and above the issue upon a certain amassed of securities
the Bank should not be permitted to issue notes, except its
proportion to the amount of bullion in itevemlls. The Binh
was brought ao near to the state of chimp when it would be
impossible for it to issue another note, that whereas the re-
serve of notes in ordinary times is,
_I believe, several Wilkins
'in it warat this time reduced to ate rallies sad
bonne YrM end fear hundred thousand wads. That
was the el dawn a tins of greet senaserekl per
owe, Wes& kkowa—thst Use beaks sad
ell mum lorodoodaze is =Age coffers;
lii at • to 10100 eight mimosa
4g *gun bagrAlet graisak d Tiollarsda a lards
sweat was Ildierigp in the esooky—ohol pude preventing
the parties I have dowribed from bringinghrward what they
'wowed. At the same time gold was coming in, and was
expected by the Bank to come in ; and yet, such was the
stringency of the law of 1844, that the Bank was unable to
issue a single note beyond those in circulation, although
eight millions of gold were lying untouched in its own cot-
ters. These were the circumstances under which the go-
vernment thought it right to step in to help the country ;
and 1 Dave no doubt they did so with the meet laudable in-
tentions. The government authorised the Bank to increase
their accommodation, at the risk of violating the law ; and
under the signatures, I believe, of the l'rime His titer and
I the Chancellor of the Exchequer, the Bank was empowered
to Witte a larger amount of notes than the law permitted.
But, at the same time that this was done, a precaution was
taken, which seems to me to have hem unconstitutional in
its character and utterly unworthy a great nation. The go-
vernment required an amount of usurious interest to be
ebarged by the Bank upon its advances, with the intention, as
mint be evident, of neutralising on one hand the boon they
held out with the other. That was, I must say, an unoon-
ideation/al measure, as it raised money for the subject in a
way opposed to the intention of the legislature. Au equally
dhaWatable proceeding remained behind. In the profits of
this usurious interest it was agreed that the public and the
Bank should go halves. (Hear, hear.) My lords, it as no
answer to say that the Bank did not exceed the issues which
It was entitled to make by act of parliament ; the govern-
ment authorised it to exceed the amount, and for that au-
thorisation the government is responsible. (Hear, hear.)
But, my lords, there arises another question of much more
importance to the commercial interests of this country, and
which is exciting the deepest anxiety amongst the reflecting
t ,classesit, in.
question, let
ra,.•
tell
lestbtieomn
,own which we
eh.avuenatryrigh.ht
to call upon the government to express a decided opinion.
The government has taken upon itself to suspend e law. Now
1 ask what they mean to do with that law ?—(hear)—and
wthe
a right to ask for an explicit answer. You (the government)
are en this dilemma. If the law were wise, just, and •
expedient, you are inexcusable for having violated it;
if, on the other hand, it were applicable only in fair weather,
' and not under those adverse circumstances 'pleat which it
' was intended to provide, then it is your duty to sae whether
you intend to uphold it in its integrity, and, if not, what
amendments you intend to propose. (Cheers.) I dismiss
this subject with the expression of my opinion, that, on the
principle "better late than never," her Majesty's govern-
ment acted with wisdom and discretion in suspending the
law. (Hear, hear.) Now, my lords, as it has been stated
by the noble earl that there is now universal
distress, and more especially great commercial distress
I have a right to ask whence does all this digress arise 1 The
noble earl says that it has arisen partly from the undue in-
vesting of commercial capital in railways. But I cannot
help expressing my surprise that one who undertook to move
an answer to the speech from the throne should have ad-
mitted that the distress is owing partly to the importation,
within nine months, of about 10,000,000 quarters of corn.
Cheers) Two years ago I was laughed at by my noble and
. friend (Lord Brougham) for observing that at periods
was no extraordinary demand for foreign corn,
moderate in England, we might ex-
.
w Importation of about 4,000,000 quarters.
• • a earl now admits that there has been an imports-
-10,000,000 quarters, and he attributes the commercial
• • of themuntry mainly to the largeneesof thesura which
I hove bad to Rend abroad. I mutt my that from a supporter
her Mejesty's government this is *valuable admission. The
t has in a remarkable manner verified the anticipations
which I and my friends ventured to entertain, and falsified
the predictions of advantage which were put forth with greet
mafidence as to the result of a large importation of foreign
seen. (Cheers). I have had sent to me, by post, a copy of
a letter published by Mr. Cobden in 1841, in which he said,
that if we had free trade there would not be an operative
unemployed, not a spinner standing still, sot a roillowner
who would not earnestly seek for bands at increased wages.
(Laughter). New mills were to be built, new popo-
tuitions to arise, and everything advantageous was to be
secured by the removal of the accursed monopoly
established by the corn laws. Now we have had an impor-
tation of foreign corn to an extent which the most
eapporten of tree trade never dreamt of, and the =hi:
been what we predicted—the exports have bees exports M
beam ; and this must go on unhi, by dint of low wages sad
herd working, you are able to force your manufactured
peas, in spite of hostile tariffs, on already glutted markets.
Be hr from the mills being crowded, there never was •
period when so many mills wen Minding gill,
SI many men were upon short cams) there aver
was a period when wages had bike so low, ea
when when there was witnessed so ugnal a diseentitme,MMMate
awit and to blast the anticipations of mere thesis% awn
rsyht themselves wiser than all the world Wien
fir) My lords, this alone
joineoctashonft, however, mu=
iligillar:lF you. (Bear, your
The people have keen
le export their earnings for foreign own, and they
have bleenesquence been unable to expend them en the
lasnatetwies of this country; and in a shorter Mae
MOM I endeipated has it been proved by missions.
OA ad 11N4 is foreign market fer our manufactory&
es it is is comparatively' insignigmme
=iiiresll 4 the balance with the market lino
strode, do ast attribute the whole el the saanseal
of this eanatry to Veal of tito eon lows, or to
those measures ekes trade bow neology two wad ;
bat I say that the foliate et mops dacha& hes soda
paid the nook eta mod of the sees kWh tL.llida7 IS
Mates hisk k esioredsd le hew lam the 14.
stitogi
prang Atli the emu kw. toope laportellso st
kr lank ens ; sad the earogonee Ire been, le
=mast wok koportetka, while sawn 4. the
. k an advaaterose en prodesble, has,
en the neasoy, injurious to the nosoketnen st
this evarlft. Ay lords, I take leave to my got these eon
asniel Monks sad enheoreamoste have boa appontedi
by as restrktive Doak at el MK I agree Ida the
oak not who opined the dbeemskti that the neat mat
fees been, not a want of realised weellis bite el a• ,
weasorahle medium in which all pm*. eels ghee semi. .
ease. sad which may bea=lied li the Bash be ambled
roragiasi= , an Inoporen assonwee•
ba the nem et aim the whisk et
esnonne, ea the anake km elsodlog sigi.
(Me; besr.) lords, aro ten wla greet pion Ike
eine IlEarana(lisle, hew.) OSSA nalkeishae bees
=mery, milk =suer kr
as
i,... a eise et
abet as lon !Is- es the inane
tree.ni! a-
lien the the loria have anted es to
ds. fined of In eagles thenseine el
the Sakise whia peasseen Melina et ask open
I do aet mkt new to :isdiVemg=a kw
kr k ste. be fiesearry gest a this
country dad" latil le iokker de I -wkk
to token goo Imam* it boa we isto al Al.
whisk devolves woo thsaiwksevae their eon keibi.die
the Lags sal knowliwese to anew
sad they austlisar kak
inoto
rti ono tin leranda boeinibtalispislirs I:
ono pa beer, (kw, km.) Teo art .fey
vim the poperly of Laid lardar whit the shsloasr
PAY et Uto 401.7 4 lapapabis thekft. on
en dikkio of and no whi Wire In
Virabobst the prepay would net be mak of
the poor ; there ere Nokia la whia tbo
leadlordwhzat. you In galas Inca to tershat the yaw
with milli= In shoolaboly =slat
esasequeses el a essolgastioa te
skit not whisk is ask areas st (Boa,
ben) 2%nm r.V le la
ilia &Wend o ; bet =
St trit est efloaratry as *via tin
isilird,
yet=theveldswre Paidi
eipmes bnoreill=isF=7thsit ea noant ,
sli goe lint half Tessa hen maw krlsly, I how
.at naired a allgas ASS ~n,,,z,z,
bee If
Inds, it is an • sass or hana bot • mon 011,44%
ow Irani konaraiseing their
IS arkiralty Is frarreby ski Mlollll4pasla •
mom at, aria sass thou to imaimi se
ll*
Sr ilasetivet rilkillek I say "X
an ade el Ireland at gat aostroat is weep,
Oa a a ddl WM In this teak, the whale
...jekateseristriarogresils IM:rim bre
£ VIN 7 Nail Ml tpostia anon