The Express.
London, England, 1857-12-12 00:00:00

THE EXPRESS, SATURDAY EVENING, DECEMBER 12, 1857.

aeration, though he was not for altering the present limit.
Other questions would come before the oonimittee—whether
it vu expedient to require an additional guarantee for the
true. of Englimb country banks and Scotch and Id & bank.,
and as to the =Meg Bank of England notes a legal tender
In Ireland and Scotland.

Mr. DISRAELI In moving that further
wee o try Into the law of 1844,
respect to the let. committee. How be easeilla was the
moral Weems to be restored to the, law now it had
been aloe violead f It wee the duty of the Home now to
cam to some ththate catelnem. To epee te the motion of
the Chateller Nibs Ex qur woad only be le letter the
Home when it met fce the such of re betimes. The
diatehmee d ma
t extended to miry country in
grxet
nbat the ormeopienoss to Ittihad were greater thin
fa Nay at than. The onapmelsees orthe preterit year dallied
throe of 1847. It wee tangoes the duty of Parliament to
lad» Into the cameo of the Nide, and be would have sup-
ported • committee for each an *Wry. But when thecae-
alas wee based on inquiries Into bank notes, It would de-
genstas Into • mere wrangle. He considered the pram,
come if the crisis to be the great dimovorles of the precious
medal which bad caused all nations to undernthe operations
their real strength. After •• pried of overtreding,
epsonlaked, and athlete imeatmenl, name tame supplies,
which only receded but did set prevent the con-
sequences Evade doe to the eats of aria! been
scathed to the action of canary, whit& led led to moat
orromons catasione. The right hem gentlemen
then west Into • variety of arguments to prove
that the Inlimmoe of the maw en 0061121110111
Aceem bed boa I= =ited. Zs entlemed :
thr laldettng epos • masa of
tide kid, that is quite shoned. Hen a nisi toy could mot
swank In Path an usierlthies ; ba I ash taboos) to come
kr-night le this abiudinotemiely, tat though we are not
be thaw et predpitaho Web*. et a mama when every
see Mums that Walla woad be inspreeliethis, pi thee
we km seen to the oseedmien that the eaterials the lab-
' Mlles are in car peemeelon, and that la doe moos we wet
'Mem esessif to the Nada if this great public dill:sit,.
Haas) The raid hon. gentiemea the Chancellor of the Ex-
thaw IoU us la ids last epoch but one that all the
Emden of the Book weak ham of the set of 1844. Far
be it Same to 'peek tit 'mother opMt vita Beak amass
then In the spirit of that a
a alihteNeDerieedywkidt lbw
Uwe
matted. I think la poet let •monlity be
=LIM bra allity IlhoLeaveryka. theta el maefeare
med 100 "kit ea be Wad he nadir the
tamesenna eta gest aelleerl Wanda Ike the Bea of
tadlmalaeftmtelve demo D 7 ogeekt
r*IIIA awe amine red, I eh; vita es molt
(Maw. We) Het whin thin le in stamp to
Weems the gable opiates. her lednenee the antheet d
this beam by en speed- tothe poet saliteety el the Mac-
tom I sin we they wit permit me 63 Mart, met la a bar
won but in • periotafemily mkt, le sums skamehmees
hich I think ought be brow& hdbve the reeethelkie of
the home, in order, ea to deprive the deo.
ton of their doe Milernee, but in ease that
their authority may
_bit tailed and plead baste the hare
16 60 seeireeeleil be*t. I deist know whether ersigentleesen
hoe teed the Mime taken before the committee on the
Beek Maar liLd= Page since the maietrophe a
pat a taly have ellameed it—in hot I will
asemee thee seeeyboa _lea reed it. (Laughter.) But there
Y • emarA velem ileh they, crap, have not rend. It
is the meet aims the world, bat It mks,
tunately he le, apeida tide at an "Appen-
dix,' sled it Ira ben bee pablkitea. Like need the
bearded ales of the the* it wee hat up end not put into
circulation Oa allied plied salad (Laughter.) The
Chehtellet 611 to Exchequer wilted to obtain the best Ida.
media be mad with regard to the Bank charter, and he
wets to the of the Bank stating that he should be
If of the directors would favour him with hie
ollint. There is so doubt that those directors who wrote
answers-4M I believe they formed • vast majority—
szpreend an opinion in favour of the Bak oar-
ler, with the exception of our old Mad Hr.
Idesisresan, who proposed that them should be •
Mara, which should have a relaxing power. I=elso,r
Hr. Honda Palmer was's* a Unmeant; but an the ethers
won to lemur of the act. But the directors an not ma-
amt Weak glAug any opinion; they all entered into a Rumba
maarks. They became a school of Umati-
lla,. (laughter) They were all In favour of the Beak
halts* Yak. It wee suspended in 1847, which wee our-
Ulna • Ney awkward km; and • very troubleesses obstacle
la the wag d may unadulterated paneprlc. But they did
ad mad et dot, tot they all were agreed that it wee totally
inatothis Set seek an event as occurred its 1847 could her
kept& opts. (leseghter and cheers.) The late governor,
the meatier tat Bentaimpton (Mr. Weguelin), my friend
Ile. Hadord, whem I knew se governor of the Bank, and
who 1t& pureed to my is a gentleman of Beckinghem-
shim, all el tam we. agreed. The Set is," they mid
the Mee of ball* ere now understood. (Laughter.) lo
1847 we did not midereland our businees ; but now we ou-
demand it to cemmilaa ea you may dials@ the 1113" 1817
form your maaey ma Mame dream. The year 1847, now
no
loam didvie the Numbers of the Chencelkw of the
=nor, for it as aster happen Nein, man yourself
y say of that, and go down to the house rid
• committee of bosky pet to mum the nationr =
tay It eeaue tom Sot the Chancellor of the Excbaser
really ewe an salaam to those gentlemen for dreaming
all these prophesies t 'Er the second maission of toM
Bank t. (Groat laughter.) It is mid that the book wee
that it was la olio, and that a great texse had
hand, but he that matter I think the ems of the
I==ith". 'ut
trabscye'icbeeWt, trialtor°ll,'
ad have
pedaled the week eeeser. I cannot but think that than
we • end ewes et mel,goont candour in the Chmateikw
▪ the Enamor In thee contriving that persons who sham
his coallomo, seen whom to a certain extent he Miss, ad
who am le
la thasseghlymoctabk, should at this juncturere Is
pilloried ( laughter.) For my own pet,
nothing In the world should have induord me to elude to
the matter but es bezerable sense of public duty. (Lasghter.)
It is, I cram e, to me a abject of congratulation that Ido
not roan the apatite, of one of the directors who is a
member of this Mum, sad of whose friendship I am
ens who, when he has addressed the house upon trot-
also acme so with the effect which from his know-
and natural eloquence he must always command. I
the hon. member for Huntingdon (Ur. T. Berta)
wee at the bathe of Haagen, and I must say, for his sea,
the fart to tom a matter of the greatest congratulation.
(Laughter.) In concluding these obenations, I will make
one re, ark of a more merlons character. As a member of the
committee which eat upon the act of 1844—which 1 hope will
receive its deeds blow bon this debate—(bear, bear)-1 will
express my °Orion that than are three gnat cachodons
with regard to the management of the Beak satkictorily
seabhe ato rs by the avi which we bad before ea. I think
it wee by that evidence conclusively shown, iv the first plea
that the directors of the Bank of England molly airetee no
mare control over the circulation of their note' thee the
mates of this house do, and I believe what is called the
I =fit of the circulation of the notes to be the most
r :elusion. (Chem..) Secondly, I think that by
the evidence we have had it established that the dint:toes of
the Beak of England have a great duty to per-
t hem to the YAM ea mil a to tthmedvia, and that
I Y, by the paw which they extend to the manage.
event et their Novelties, • subject of infinitely
baseball dam the circelethe of the Bank setae. (C1=1)
It le in the. mulattos et the rate of discount, it ia
la the illeafieme eat &cation with which advances ea
made by the dinars of to Beak, that • benedoial killance
may Wed be exercised on the fortunes if this matey. And
thirdly, sir, I think that it does appear that it hoe booms •
peat redoeal object which statesmen ought to insist am,
that tan gall be Ia the Beak of England • pest tremors
t at the sin," c't th.diratu»and, 'lb, meet. 1!I

emergency sous like those which ham...recently occurred, it
shall be in their power to moist distressed commerce, not by
advancing repaid, but by ensurlog, by the parse
Moe of that tesseurc, that there sha.o be a cur-
netcy—en active Maculating medium which shall fur-
nish the meth= of *mileage when aimed property
la oteeerned, and by bewaring that those honestly engaged in
the remelts of comessem, who are in the possession of actual
pr
operty shell sot Ilad themselves to the deepest@ intention
some moms of undoubted capacity mod high re-
epeetability hem sow band theemelms. Now, sir, I have
enthsvound to-night to drew this subject out of the vphere
of sebect temantteses of inquiry. lam convinced myself thee
vodka be taking s step *mime to the community and to
the lateesets ofthe country if wee fail in attempting to settle
ihie mmitom Ille,ln my mind, the tonctions of • committee
of frisky id* mord to this subject me utterly
demisted and eseepleitsly

- -
Mr. CARDWELL supporta Um motion for die appoint.
mat aMn commitam. At ths clore of kat onsion it wag

about to *eke Into Scotch sod Irish banks, and into the
relaters of the Beak of England and the govetntoset.
Nothing fed esserred since to render these inquiries Ike
nearwary. Os the contrary. what had occurred only
' etreogtheeed the motives for Purity. The event/lon of
exemerciel capital and credit formed • new epoch in our
social hinkey, swim* se amount of obligations with which
so invitee, mold cope, sad over which the bill of 1844 had
so legume& That bill had he He object to cheek the only
reel danger to the foreign drain of bullion. They
weld set loses upon"ts:= of England a power of re-
/kin the net, which the &scion themselves dieapproved.
fie protested againet taking a retrograde cosine, after
heslng progressed so loag end mucceoefully,
Mr. GLADSTONE, agreeing with the doctrines just
Lid down, thought the. they told in favour of legislation
rather thee of ingot. Ths evidence had accumulated be-
rad the pewee of demand and the HOMO of Comm...
maid be bensisth it. Mesh I y fit {eft the question of the Act
of 344 still snouted. That act would sot whist without
'ltracks—it bed been brought Into play desks two ken-
mwelel ado& They mut look to • morrow of there
Mks, sad be amid net be Misled by the way Is which
they lied hew net. This Irk ofhoe est, which WY
demegel be 1847, wee chanced is 1867. Ths key rigour
its knoblike Isle peak, sad
of itself • lIIMIOVIIIV=rair the law. The means of
rekkag the law might to be ceekined la the kw Pfeil. To
dace the eileastion Is the bends of the govensment wee
ehermto. govereskt to deride which houses
ibe mid which amid stand. Such •
diseredes wee erwery to the Writ of the mutt-
kinkawsa •
ry dragerkatses Wiled in the mind of
the the Bank et Ileglend was to re-
line it Is elms of semenweld tIYCmsAU these evils
weak sedy be mimed by erktig for the &ikon of
seeker oemeistes.- The tawdry es to the moss of the yrr
end diens wee quite enough for any cemelkee, without
ekeybelming ft y the rival of every question relating to
lease ski air/sm.