The Express.
London, England, 1856-02-29 00:00:00

LONDON, FRIDAY EVENING, FEBRUARY 29, 1856.

IMPERIAL P.

HOUSE OF LORDS.-THUUDAT. Fn. 28.

Ms Lou. CuAtionuitt took kis sett at iv. <Meek.

-- -
Lord BERNIIRS presented • petition from Camberwell
ageism the opening of the Briti.h Marcum on Sunday.
Lead RBDEBDALE presented a petition praying the
home net to pass may net for the abolition of church rates
without as senlvalest.
ROYAL COMMISSION.
The Rotel meant W4le given by eionunissiort to the House
of Common. 0111,e. Bill and the Metropolitan Pukes Bill.
The Royal CA•miesionen were the Lewd Chancellor, the
Hoke of Argyll, and the Earl of Harrowby.

be applied to particular rani spa Witch it would be diffi-
cult to devde in • °Nominee of the whole lease.
wi•bed to ask tic noble lord at the head of 110 goversillest
vim the oonmtt•cu would be appointed, sod weather he
was prepared to state the day en which the iequiry would
comae, es. _ _

Lord PALIiIiRBTON said early next week be would be
•ble to nate 'he dey oa which tie govervment would moue
f r that cosatlttee.

EXCHANGE OF EXCHEQUER BILLS.
In reply to a gee lug from Sir H. WILLOUGHBY,
The CHANCELLOR of the EXCHEQUER said the,
anal notice w.guld be given with mond to the ruling. of
lisohequer bills, and there would In the ordicary length of
sober. Then was no fitted dm for the sleben(' of Ea-
thr quer bills ; and the e niree wh;ch hid been pe seed this
year was that which had bees tolloored previously.
THE MONETARY SYSTEM.
Mr. MUNTZ moved for • select ememiltoo, "to klvin,
bow far the present mouton, system is in sce -*doses with
the requhrsesentr of the ectentry, end to sonsicer if it cannot
be improved and amended.' The boa. member said eli
years had named without hie bating said one ward is t set
emu oa the subject of hie motion. The reason why
he tad not introduce 1 the giantism was, that he
writhed to observe the effeete of the gold din .terf. a
ea the casting laws, and while b. wig booed to engine
that those dint:mein lead don a gr. at deal lowans r. see
oyisit the evils of the truest elms., he suit .(Drs teat
ba I sot dose el that was required. One or two words
et` elephantine at the outset were due ha leimprift Oohed
been described la the newspapers al an oncosts of hne-
vertibls curtsey. Having cancel his attention to the
sebj.et for 40 yean, he wool I chaileage any nee to inch
• sleigh eaprettien of his *Melt would isetily that npreseas
titbit. The late Sir 80b.,, Peel sad himself differed only
on rep roiet—annely, the rat* of e ave.taterlity. Sir Robert
Peel believed that the old 'Wand of miss width
alined • thousand years ego, was carried fate
elect fa 1819, aid he thought it wosl4 be as
ieja.ties to rents to the state of slates whisk
noted before that pried. The sly way of healed
Impede at tie(' subject seas to take a ramp din Maw of
the mos•tatysystes of thin temp', ; sad he would go as
fir beck as William the Onthserer. (Laughter.) Rea.
members might laugh, but that was the oily need way of
Timis' be =attar. At the time of William the Co'iqutor
a round sterling w a a pound weight of silver, sad to It
'unsalted down to the time of Edward the Third. Bane-
questly to that ft was altered, the alteration betag casein
partly by the legman of popahrion. Futter sad very
ceesidereb:a alto redoes took plus is the reign of Heavy
the Eighth. That coletented character was set very ales
fa whet he did, or al owed to be drat; and during his time
the cola was cl.pp 11 till it •as not worth more
than 'tilt what it was when be lint took the
matter in hand. It had bea stated that fa the
niga of Ellatbeth the eels was pastors! ; bat be
denied the sorreetness of that stern sest Elisabeth dawn
enure the rota, but the adapted it tan the "Meting state of
things. and made it of • serials veins. It es., moreover,
&heat her time that the discoveries of treeless me•als were
made in South Amer co, ewe onset et which was to nate
tbe pries of eorn fr m 100. to 40e. a quarter. Posting es to
the reign of William the Third, he would remark that very
great alt.ratinne aok plitho it that period. The cloth bed
agate become greatly deteriorated, sad it was a great que-
nom brunet' the prettied mon and the philoorphen Inlet
oubt to be doss. Mtn • long dissent** it was deter-
sussed to restore the coat antis H. w did they do that
They called is the sole, sad rn ailed the light coin at fall
weight. They had not, however, mercy enough to tiny
est this eremites be the fell 'elan, there being a de-
lichee, of 1,200,0001. In this state of things the
Back of Ragland on established, and al Its capital wee
sorrowed for the puttees of restoring the *Mean. The
moony thui borrowed had
bet the Bank had as well 090,0001 • year. After the
time of Willem 111. the paper 'freshens inert med.. In
1760 it wee 4,000.0001 ; is 1786, 7000,0001.; in 1790,
11,000,0001.; in 1797, 16.00.0004 and an might hate ham
riposted, this iceman t r id•-ed par hand minty at wrote
periods. Is 1810 the attention otoarii.theut was wed to this
sabhet, and the learnt whhh the matter the* emir d ended
Is the aolsolatamet of the Bullion COMlNitti e. A long dhow
too took pie,. la that roorainte, and name the tetneene
ermined before It were the end dent+ goveraseti
the Bank of Raglan., who .501111 d a moot rem.
ranee d the tett list felicities of mossrui solace.. TN
semmithe muse to the sessholoa that evit payments might
to be restated within • entails period, but when that tenet
Via to take plus ft wee no' so gam to detarmine.
manly they &treed to • imolai on Sting the period for the
nemaptioa at two yurs hose the dde of their report. It
was quite due that had their reisommeadatien been fol-
lowird set, and the Bank had nivel toe oh payments wthla
the time apenisd, this smarty would have become a pro-
ving,. el Truant. Pentenately, the Maws rf t' e Hellion
Committee were sot put Into practice. But no definite
id. a as to what ought to be dons @mind to have entered I
into the hook of anybody; matter. went on is as absurd
• muter es ever. The, fa 10141501, in the year
1816 the Bask heart 6,000 witanin**, of the r test
studied—sad the result was, as siteht Item beat Imputed,
had people takes the trouble to think and to bear In mind
Hut anir needing circumventer, that all these sonreleas
f and their way into Freon, where they wen melted
Idews aad n-ovieed seFreneli money. flees after this het date
an agitation nammetcsd, which, in 1819, ended in the wall-
' known aet of that year. The result of that act moos hereon
up rut, and In the year 1822 the linters beam. so "rest
mad the premiere se dominoes, that en lime of 11. nolo fat
three years was fond neesesan to meet the deemed. of the
time. A season of connotative plospnity ensued in the
years 1823, 1821, and 1823 ; het at the latter date • psis
erase from the fact of there being so great an amount of
paper in eitealatioa. After the p 1111 e to followed untie:ties
to • low cirealatioe, which resulted in • pressure and 'co-
nquest dictum. In 1830 the procure was to great es to
Droneet a 1 outer, in the country, mediae it the
Reform Bill of 1832, (" Hear." end a laugh) Very few
men eared for reforms to the representative useably for On
sake of the reform itself—it was looked at as • mines to an
red. Men thought that the ref, rat woe'd tied is the Te-
ter@ of practical min to the Horn of Cunene', and that
resent:Nu nearneres would rental. therefrom. A ply It was
that there had been so etch dieappotstmeet es this heed.
I (Chun end laughter.) Then caste thelatralsetigs of
joist stock beaks, whist, of ''sanity had a carets
isis-
ene epth the neestan system of this runty. Bill the
law remised la its sy)d rodtio., and it had sot he,. diM-
cult to hanging the resale* He himself, epos by easseins-
the before • e lashes, of that house, bad stated to witbia a
tow weeks when pule would stela ease., and la the
event his prognostiestiot tad bees v. r B.d. In the via.
1840 things generally, and the Whigs e.p.eislly—
(laughter)—tere le great Cotten. About this period Bir
It. Peel tech office. That right hoe. bayonet laboured
ender the difficaty of having two irounntible Mete= to
slop tn, the men-laws and the .emery laws. Oae or the
other be was ultimately obliged to give up,
sod as, of the two, he was leen plslged to
the core-Inn he abisedesed thin. (A lanes.)
Now, with regard to the Beek Act of 1844, be (Mr. Musts)
quite *deltoid that it was • setionary eese'm.et, en lone
u each astatine es that of 1819 woe is Inclateuee. Bet. at
the sane time, be was at s I, es to totorehend swot whet
pripnipie the Act st 1844 wag wieseleed. Why was
14,0(4.0001. ulna as • limit The melt of the ante.
became yrety manifest la 1847, when the Bask of Engind
very sernowly essispod a slippage. The supporters of the
system might ray, Oh, bet we never elites/ad the Is.,
sad yet the Bask hoe weathered the at' re ' Truly, ugh,
law was cot changed ; bet a letter was written is 1847.
which the hoses would so doubt mry well recollect, sad
whisk oafishly abrogated the ban. Thus the canary
peddled es until mar Vier pule took plane, and that and the
ntlwy Wanalla'iotis brought there to 1860. B.in after
that year the 61.4 gold discovery recurred, which was tthe
of the mast trovidential eteate—(a Imiti)—that tad over
occurred. Nothing had ever boxwood like it. The entire
monetary spites wae en the point of • gnat crash when
tho icflea of the precious metal saved it. Bach tat been
the history of the monetary system of this country. It wss
apparent that there mums of prunes and disaster avow
frost lb. system, and sot from purely named muse., foe
he "mid p dot to peeola whits nob (nib bad no elk nee
Hewn i• was that he abed for this committee; he vested
ti have an lequ'ry, in order to weirain whether it was *et
',legible, by toss fair and honest seen re newest the
violent fluetutiou Is prim whi.h tow took el e,. Why
should the re.' of disunite vary e .m 1116111! t Would any
Seas all him that such was a jut eg proper
of things ? He had ep Ass with a tae her
not lug slew, whoa the news front India wee of an
suited description aid had bees told that they—meatier
the leashing iatereet—liked it. Nn doubt they did ; built
dirt sot argue the mistimes of • Pound or hottest state ef
'dittos when suck sal the ease. He would rot go farther
no the mann then ; the mbjmt was se Athirst' me, sad
he might perhaps sake tee er twn oboervetiote in finely.
Al it was, he had explained the reasons why he dished •
onsmittee ; and as it was sot deeitahle to trouble the hones
at greater length thee seressery, he should so bane 'he mat-
ter to hon. revolt rs. (Cheers )
Mr. SPOONER eteesded the anion.
Mr. PEACOCK, though he sepprond the mottos wlt'ab
the hoe. member had made, Sid not agree with hiss is tome
of the O'lletysti.llB which he lied wade.

Mr. H. DRUMMOND sold Viet as it was so mash tlas
ratlike acts- - lays to institute *leakiest one for .11 omit-
dates far ofgcsa, Ito should strongly r. c ammo that if tbo
O.S.S Amid, la an evil hoar, ocortsat to Oils mot at, 'hat
et lent they bosl4 regain as riasinetion late tbo
solegetstey of sooty atembeer oho sat WO tit Tile quer
WI, woo, totrttam tbe it ut dflieelt fat dm hoses to dio-
cese, bocaaos it wss, as arch se s political mater soul& b.,
• emotion of pars mimeo. It was easy to bring tomtit
blasted fasts or Wilted tables I bet sales§ Is speaking of
voles the smite roble Wee of the preview seeds wee