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London, England, 1822-06-13 00:00:00

the *aloe of phi; he (Mr. Ricardo) admitted there were,
but not that produced any pernaament alterailon---nue
that Guy bet a temporary effect. The 1111111 e Wall the east)
with eismosoditira also. Cloth and hats, for inetsneet
might be raised is value by an increased demised; bell
the rise woeld be only tesspornen fur ivies the *apple/
was again raised to lee level of theakmand, as it soots would
toy au Mereaas of the manufactere, the commodities would
thew fall to their former price. He would recommend to the
Hon. Member to exteod his calculations over longer periods,
and he would then And that as veal va ',llium, in priteg had,
Occurred its former time. as its the latest period!, • fact
rather inconsistent with his rummest, that the tradatilain
had been d by the alteration of the currency. He'
gaud that is 1/92, -he price of wheat was 42r. per
porter.; in 1796, it was 774. ; in 1798, it was 804. ;.
and is 1891, it was as hints all I I Si. The argument of the,
Hun. Member supposed that the present price would br per.l
mscleal but he (Mr. K.), think's, that the depreasios weal.;
earn' rather by the excess of supply over the demand than'
be the re-sten-lion of the cuirrary, (alarmed that it would
se; and if it were nut a remunerative price it religion
I)ering all the time that he had mentioned the cur-
rer.cy irad pradregone sesneely ary alteration. In 1800 the
correnev pyre depressed, sad the price of wheat wet
Our 965. per quarter. In tel.° it had risen to 116.., amid
is 1814 it had fallen again to seventy.ihree shillings. 10
the prices or Oink too he found the variation to be equally
grsat,snd doubtless as little outing to the at ate of the currency.
lo Jangary 1901, the prier paid (or fluor at the Vietsialling-
rittiee at Deptford was 121 s. per wick, sod in Dreentber
the same year, it was 72.. In December 1801, the price
vas 925.; ip Dieeinier 1804, it was 50..; and in 1809, the
I.l' Ire paid easels. per sck. C 0.., therefore, it appeared,
war liable to itstroordiaary wiriositrost sad es far from such
variation* being sew sod roubsied In oar own timer, or to
the period of she last three year*, it was a wonderful tit cum
stance in find a period of three years wit host nosey meld vari-
ations. The Hon.Geut, had estimated a Melo that no feelieg
or false pride would prevent soy Member from acknowledg-
ing asp encl. into which he might have folks WI the former
discussion tot this question. A. far as be (Hr. R.) was him-
self concerntol, a.. false p.idu should have preveutrd trim, if
be had found himself io error, from arknowledearg that
error; bat he bad seen so reason whatever to alter his
opinion,. The Hug. hleraber bad referred to the evidence of
Mr. Took before the Committee, fur the elle, a, ion that /111.1
taken plats in the prices of • variety of sellers ef rommerce.
Mr. Took, it making that siatenent, mid, he could give a
reason for every one tf. the alterations; and he did assign as
, the -- nation of the quautrty on blunt either by

•
sthe received is gement of fates al the Tottery, is letler
to [lord the public as muck as possible agate*t say ineon.
seminar. But was these any this/ like these eiresoistarices
at the presto' day? re. [Moly sot. Under those eireum.
starlets it was that 1.3 w udea mitered into tbidisembsitin with
Locke ; the former coattoultag that bullion had rise., whilst
the latter affirmed that the currewcy had depreciated, and
seder these esrathastatmo• it was proposed to slier the stand.
sad (it hover having been altered before that titne)i and
Locke contended that it would be unjust in site, the
obanellaird; yettirat very thing which Lucke mild set
up-
ptwve, (ruin its injustice, we bad done twoce.....(Tio Hu's-
. *arable Baronet here read the passage from Lockett/ which
be had alluded)—.M eowthmation he v,id, the real queithos
*Well the standard was, bow is the must iujortice Nke
"avaided, sod the distress lightened? It would not be denied
Least a great part of the debt had been contracted in the de.
precluded currency, and even the Honourable Member bar
Portarlington said be should hare been glad to hare fined
the sierolarel at' 14s. Now that hay precisely what his
Husourable Friend proposed. It mielot be "said that there
had been contracts made since that time; there was the
difficulty, for difficulties there uusluiditi thy were on every
ride.—(Hear, bear.)—But there was mu doubt that great in-
justoee had already bees done, and that was now to be per.:
palliated. He iiiiributed soothing to the Bill of the Right
Hon. Gentleman, for all the distress was occasioned long
before. The lamb was not more innocent who pleaded be-
fore the wolf that the grievance complained of occurred
before be was bore. pal i was one of the strongeoft
arguments in favour of the gerignestien of hie Honour.
able Friend, the difficaltiea on' every side being ro great,
it was more dearly the duty of the Howie to make
inquiry, sod look the difficulties in the face. N. man could
deny this injustice had been done on every hand ; lour it ill
bees riosefigasisuarr who had brought the einoniry male
that stale to thy, " Here we will stand, whetker we sloth or
mist!" The Right Hun. Gentleman (Mr. Ilioskieson)
had said that • similar injoatiee, •as to all contracts, was
committed in King William'. rime; but in that be was mis.
taken. All contracts were made in the legal standard, sod
wool in the depreciated curreney. Ore of the great evils cum-
plaOursi of wee tibia making of two prices' so that till
(Sir F. Iturdett) could out he miodaken on that point.
Thrtie appeared a remsrkahle contrast in the conduct acing
Mirsiestona and the klianotesis of that day. Onr Minister*
thought only of getting money foe the purport of the oisi,
and afterwards bettering themselves under the rotes of tba,
House.. Me had shearer he differently King William's
government bail behaved. Hiles•we had a c•rreney swelled
up to 'lot millions the whale of which was degeoeseteil, not

e reason inseam
fresh growth; new importation., or returns from other
lots. The same reasons semontid h r the varintion• I. ay,
the articks to which the How Member had referred. Thal
Hon. Mclntire foe Shiewabitry(ble. G. Bennet I),hail stated's'
that it was impossible to arty to .bat eaters' the alteration
the currency had'opersteeripou re.esistiog tout . lie
admitted the fact; all mrialime of the currency must fir
• greater or irftlifir el*, have • similar eNeell en existing Mal
tracts. The alteration produced by the measure of the sea
prairies suet hews operated us much upon centriseisearstil
at She thre of its sitopticn, as the Kill 1819 did it
those which had' been solosereuestly entered into. Re bad
hoped, after the solemn nasnwer its which the House had
formed its decision. that this subject would have been
allowed to rest. TM iacnovestieuee that had attended the
measure of 1610 was elm fly occasioned by the unfounded.
alarm that had I,ern raised through the country, of some
vague and oadrfinahle danger that was to result from it.
The minds of the groenhy of people were, however, be now
thought, settled upon that point; the appreciation of the
currency co sh! not go much further, and it imeld therefuie
be r -to unsettle the - lie mind, or to shake the

▪ meal ninnies . al&
P --
Basis os which the currency now reared.
Mr. H. GURNEY explained.
Mr. PEIRBE, in a lone of voice so low as to render his
obserentionii hardly audible I. the gallery, was underotood to
defeat] the condor. of the Batik from the animadversions of
the Hun. Member fur Airtarhsigton (Me. Ricardo). From
1797 up to 1102, there was • arlEciency of 'Odin the coun-
try to answer all its (*semi, demands. At the litter period,
staring the short interval of peace, the itiewwity was consi-
derably aegentatest by a freak supply; which continned to
WIN,' the *am, purpo‘e, dorms An allaMmn totel exclusion
from the ports of the Continent, op to 1810; and during that
time there was cleiireciation in hi. value of the Bank paper.
In 1813 the war was at Us greatest height, and the turnings
Shot were sanking teemed a. unprecedented demand far gold,
for Ike porperse• of nor/wigs tspentikiee, and occasioned a
14°64 Pagn""41181.8 ripe is the pries of gold, which then
reached its 'highest point. Ban even then he 'would maintain
that the bank notes-as never depreciated in its valne se re.
ferable to the standard pries of gold; nor was it possible
that it ever should. Fur the Rank never had, nor could it
tree force its 1116114% beyond the wants of the country; its
only pourer of operating upon the quantity of the clean's.
lion being by contracting eta imues.
Sir F. RURDEIT then ro.a and commenced his ob-
servations with • warm enlogtu in upon the manliness, firm-
ness, sod untainted seal, w the discharge of what be eon-
sidered a duly i.e owed to hi+ country, which had charac-
terised the conduct of the lionourablv Member for Estes
(Mr. Wertrru), in acting in entire disregard of what might
he said of that conduct in any place or by any body, in
bringing forward this subject. He W.. surprised that the
lion. Member for Portarlousiou (Mt. Ricardo) should es.
twain an opinion, that the speaking of the tenth, the
free and ope• declaration of any mates mind, especially
oldie mind of a Member of Parliament, on any subject of
pnblicinterest and public importance, could have any but
beneficial effactr. He deduced a very different conclusion
(tote that which had been &numb, the Honourable Membet "
from all the details and 'nicer he had quoted. The view'
which he took of the subject was this if any portion
of the circulating inedinm, say onr.Llth, for instance, be with.
draws from a..- the effect will be to red, the

sp to 'TO ; the -
a single note of it that was worth • families, and this dune
',Moot a stogie sound of preporatiorr-titing attired but by
• sort of ecussoilscy between the Government mad the Wolf.
He (Sir P.' Belden) was nut bound so say whether Iss
lid or did not agree *fib any specific proposition of
his Honourable Friend. He might dealt. le wait
to hear the opinions of persons better informed the. bin.
self, bet at the "Sale time he could DOI but declare the
Country had great oblimmanos testis Hoe. Friend for having
brought this vital question under discussion. Fur that she.
mamma eas Mill required on it, heves satisfied from this—
that the most 'tamed to sorb matters, though they allowed
the existeoce of the distresses, had not made up their
minds ar to the remedy. Why then should Parliament be
allowed to separate without any apparent result from
its labours as to Ibis great evil. sod noiltieg et all
dune to alleviate the distress which the country thought
woo .wish to this King'• Ministers? Some years
ago the Noble Lunt used to account for the distress
by the transition from war to peace, said tbe co.fidieg
country Gentlemen gave credit to the assertion (and
here be did not mead to blame any one for riviog cusfidence

to those who were supposed to be well aCeresi;ted wish the
subject); this confidence bad been pushed to an extent
that he bad, never been heard or read of in any Minister
in this country—he knew of so Minister who seemed to
halve taken such liberties NI the Noble Lord, or who ap.
peered to have taken so little trouble to see if the mea-
bleb he proposed to the limes wife Mit4lbit to
the occasion. He might for proof of this appeal to the
es/acetone* of the reseal Scillies, when he had no sooner
proposed a measure than be, elmadoied it. When the
etiontry gentlemen fouud that the transition lasted so
long that it Must have passed away, and yet the effects re-
mained, then it was the Import of foreign corn which occa-
sioned the distress, and then the Coca Bill was brought for-
ward. He (Sir P. Burdett) thought that with respect to that
measure, both the people aod the country gentlemen were
deceived. He had 'bused lima as be did now, that
in the present burdened state of the country a high
price of corn would be advantageous. He was aware
that it was unpopular &sorts', but that was his opinion.
Well, the Corn Rill.passed, bad she distress, which was mill-
ed agricultural distress, continued, bat which, as it affected
the whole country, he vroahl call general distress, and there-
fore it was that he looked fur the cause in something which
affected the whale commumiy, and such a cause was the
curenry. Afterwards came the doctrine of over production,
bat thew the Report of the Agricultural Committee appear-
ed, and proves that there was so superabuudaut produce.
It appeared by that decerneat that some years before
there was an importation of 1,1410.000 quarters of fo.
reign corn, and during those years the priors were high-
est, and that since she importation hod been stopped, she
prices had lowered. These were great difficulties, but on
the whole be wee of opinion that a free trade in turn would
be meal advautageoes. Nothing, he thought, was more
absurd thaw to suppose that the agricultural and asonufao
luring interest• were not one nod the same; if so, then agri-
culture would flourish in proportion to the successof 111•11141
factures. if the ports were open some part of ths pope's.
lion would doubtless be supported by foreign corn: Now,
though he would admit that an idle population was • great
evil, yet au industrious and productive population was &obi-
less a • advent's,- Well, thee, - • hail ' la-

•
•
did 101• J, sehleh rePeled on IN! one ;ha W.V.". what
For the reasons which he bad stated, the ins** should hart
latastipport.
Mr. HUSK ISSON said hp had !lever stegprimpilsulthe Hon.
Mem%er for Essex as terommending emu Apelloasereisccity,
het Mist 'Belied ree onmended RT.°, the standard. The Mon.
Baronet had said also that do-clipped moue', Ow to the
recuinage in King Wiloon's time, was tort a legal tender;
tee Wis so fur eight, that after the Address of that Howie rho
King issued his Proclamation, sod then the coin 035 no
longer a legal tender, but previous to the issuing of Rm.
Proclamation it was.
Sur P BURDETT implaiscil.
Mr. ATWOOD said he essividrred that the whole of thir,
*stern of the mkt lad bad bees occasioned by the mewileme.
buveroment ; the effects of those measures were
to progresi, mad that it we. the duty of the tines, to larks.
41Ww they might hest arrest it. Hecould not hot ulmereesta
high tone assumed by the Ministers on the grounds 9f piddle!
•ittitiee and public faith, coming as it did Goma quarter to
jhich all pidilic faith had been violated.—(flear.)=lf the'
'Right Hon. Gin!. (Mr. Peel) had stated in 1819 the mecca
which bad since followed; he Illowcht that istra.,e, would
'Myer hive hero carried, which he should always dearribe sat
Measure of monstrousVlVOlK and trims injustice. Flom She
Report of the Agricultural Committee .4 t 313, he had before
elated that at no time had there heen a higher price irf cues
than 49i. 9J. per quarter. The Right Hun. Gent. had talked
of the fluclii•tioof or a paper standard, but was not a metal.
lie standard 41,2 sohjeet to floctuatious? To see what the
fall of pyres had really heels be would take the year 1918.
The price of corn Was then 84s. per quarter, it is now 454 ;
, itoo had fallen from 132. to 82.10 J. per cwt.; soot had fallen
from lc 6,1. to 12.4 J. per lb.; awil COlll,ll in the same propor-
limo. Thar, iu these great staple articles, it roast be admitted
that if there bad hien a Nu io owe it had iekeu place is all.
Ilther, therefore, the mosey had increased in value, or cosh
polities had derreased. list could it be believed that all
climates hail suddenly become so much more predacity*?
Rot they, not rather coorlaile that it was a redaction in 11. e
tzlet or the money *hat, then, was the *mount of that
lion. The lion. Member here rend from the retort?,
kkaequantily of Beak •otes in circulation at differeat pe-
riods diminishing from 38,000,9901. down to 23,400,0001
Aod now he wished to make out observotiou oil the proceed-
fur of lb. Agricultural Committee, and be could not avoid
eitosideriog it exceedingly strange that when the perverse in-
flator, of that Committee had lare•exercieed to investigate
eaeiy cirpenestance obit* had no imatediete reference to the
nose seder their consideration, should sotwithslawdmg hare
cautiously kept out of slight the reduction of the amount of

~,

ally country, win o. Attire tn. groat .het,, we , 400,80. .ope to be honouree] won the
whole income of the productive classes of that country, bearers employed in working up this foreign lira, sad they he catered into some details, rather than into an abstruse
in that proportion, or one-fifth. HOBe produce of the labour thus created a demand for other products of industry. It was discussion' he could promise is return that he should ton-
al!' the productive classes in • country be 600,000,000 f., one of the inconsistesties of the Country Gentlemen against fine his observation within those limits of which the House
sad a third of the circulatiag medium be withrienca; it is which he wished them to guard, that they should expect lo be would not complain. He should promise not to eater into
aby to the productive classes of 200,000,0001. That wee rich and prosperousoad be exportingtheir produceasthe same any of those abstract topics which had been introduced by
Precisely the ease with thus country, under the operation of time. What would be the effect of eacluding that foreign the Hon. Gentleman who had just sat down, which, however
She Dill of 1819 ; and the third being withdrawn, we were corn? 1,900,900 Industrious persons would be thrown on important in thrmselres,were quite onadapted loan amenibly,
still called upon to pay to the full amount all the taxes int. their perishes, and their haying nothing Os which to exert such as he had then the honour 0(2(1'11.'0.114,—(We,, hear.)
posed •hen the currency was in a state of deprecis. their todissiry, the other breathes of trade whicla,.. they bad He should therefore proceed at once to the epiestios before '
boa. That he must rosiintein to be impossible to corn put in motion slackened, and then mute corn was grown them, and should endessmor to prove, that roles. • strop/
ply with, without the complete destruction of the country than was wonted; bat neither the transition from war to case of over-ruling necessity was made out, it would beds-
He thooght Hist built 01(1 and justice called upon the, peace, the low prices, foreign imporlatiemor over-production fermis mud inexpeeltest to accede to the motiou proposed by
Hone to relieve the country from that pressure under which . could ficement for the existing duties—nothing goes at all the Hon. Gentleman, It would be extremely difficult to
it laboured, and from which, if something were not dune in far evens% to produce it bet that which his Hen. Friead concentrate all the nhjeciions which might apply to that
',wee way, it would be impossible that it should frill, nit ileal. now brought forward, namely, the corvette, of the country, subject. On the 12th of Jnue it was that the House of
With respect to the justice of the proreeiliog, V could out They were told that It was difficult todo the Wog proposed; Commons was asked (and he impeded no blame to the Hon.
be denied, that during a quarter of • centuoy all the deal- undoubtedly it was; but that was a reason shy the mottos Gentleman for the period he had chosen), to appoint • Corn.
tug, of the rontelty were in a depreciated currency ;—that should be adopted. If the remedy should be a fresh issue mime to (outsider what was the operation of • certain Bill
:het/realer Port of Ihe debt was incurred at that time of paper, sit Honourable Gentleman had objected that ou the commerce, manufactures, and agriculture, and the
c'all the civil hiss mad every expense of Gowernenerte, and would emote • seeessity to go on adding to it. But, on, general cuuditios of the iliffereol classes of the community.
"rrs contract between mar and man, was made at that time. it was eel to be eonsideeed as • stimulus., but to place the The motion which the Hon.Gentlemas had submitted to the
sso under the siortion of Government, with • view that high cirailatios in the state it was before. The Book should not House, pointed to no distinct proposition, and if he avers
lowes ngtoshi stony' continue. Those Getitlemen who, up have that power (which, however respectable the individuals left to draw his toaclusious from the argamests which
'"he year 181/, contended that there was nu depreciation were, no individuals ought to have) of raising or lowering the had been employed in support of the motion, be
could not deny this view of the case; yet those Gen. valor of property as they pleased. It was not fit that any should feel quite at a loss to know what opinion to form,
"meet now talked of the immorality and (blower of altering Individuate should have an great • trust placed in their bands, testi, be came to the speech of the Hon. Barouet, Member
!to staseiseel, as if that were • matter quite sew; but they mid therefore after • maim lutrioreteon Of 'paper bad been for Westminster (bur F. Burdett.) Time or fuer Gentlemen
aLI rash scruples when they altered it compulsorily la issued, there should lima eta against any furtiteriesse; and had spoken in favour of the mono*, bet yet they stated that
, 9"?.. sod made their false standard a legal tender, art,, that would operate what the :lam. Member fur Vortarliagtom they could not vote for a grist part of the argament on which
I't'"re the Howie of Commove of that slay b•d, in a load Mould have done if the perioilliail out elapsed. He (Sir F. it was supported. But at length the Hon. Baronet stated
t_,
"'Y sod inconelderate manlier (in • corrupt manner, as 'l9emiett) would allow that them were great iticonvenleuce• (sad he thanked him for bisettadosr)• that the object of this
candle not of doors would say), at the suggration of the Mi. ma to the enntracts made niece that peened, but then he did measure was to re-establish a new standard, and to lower
"" "that daa, filter,' the st•mlard of value, and brought, , not consider it was poasibts that things could go on nuder the valueuf • pound from lOs. to 14s. Then before the House
ail thorn est* under which the cameosy slow banolire4 the present difficulties of the country. 11. ths.lloble Marquis entered into a Committee out of which such result. were to
'cow, thie had been done was no reason why the matter , Could sot make up Ins mind as to some precise view of the arise, be implored the House to consider what would he the
ant be Inquired Into. The 'Right Hun. Gentlemen. , subject he ought to throw up his situation. 1t was not slate of the mercantile and agricultural community before the
‘.Nr, finpkis.non) had talked of tsar alleratios oetasiumed by htling that we should go on at hazard In Ibis way, so that interim could have elapsed al which the proposition could
I"""rninalte in King William's time, sheet in fact loathing nu mss knew in "ast situation we should be plated in I take effect. And, good God! with such • distinct avowal
"ill he so dissimilar as the measures of that period and the l the next Session of Pm Itament. The Manistee, thonebt before them, would the Honourable Gentle Men (Mr. At-
r4iwal• What were the facts ? A part of the circulating that it would come oboist in the same way the manufac. wood) tell the House that the object of the motion was to
-,"areas the shiver rrrrrr cy, was clipped and reduced to tomer interest bad recovered, but lie (Sir Francis Burdett) calm the public mind, and re-establish the futisidationso of
. ;.;nre- Bat acre was tour millions of gold in tat ementri did toot believe the mansfaeturing interest cies even now tranquillity?—(Cheers.)—What dependance could he picked,•
NI! "heel (sad Mihail time there arm ouly nine minium, in makiug a fair proit. Whether the remedies were diffieolt on the promise that thewobirjecactiohfeythwe
eromoilloouldwbas,ftoreoseariy
i-hr:".Lololl). Fee • lung period that good money kept up' or nut, it was imposedile for ally tattoos' mss to my that confidence and peace,
"'Pretested mosey, hut when it was discovered, slid thy the House should not take into its rousideratios all the pus. well into the Commaittee that one of the results wool/
121_, "IV fib i• val•e what did King William? He
'ltemised of Sim- though the new government , tbeettbasothinie •could be more fair than Itis'Hott. Friend's Look at the propoatoms •is has details, and whit would
tune the depreciated money et 'httemptiag areneamera baiter.., by gold, and by flthotir. 'Tel, be the eemielierseel Tim mom (pence *mild .11M-tbatlir
persona should be posembod- s lief Bstht Atm. Gem' Irnsale.(blr. Huskosiso)•hatfiltirliedi,4l the motion were carried, to.morrow !temp roily who
Ad theGovernmenil twedropew be might coil it argnmetet, as if he had proposed consfor • had as stain of sense *mild embattle to *moire orbit *DM'.
.I:olnnge, mud fora king tidied'', the current,. Such a anode of tiepin betrayed an uncap- be could, sod all coutricis, prii ate and pnblici would be at

Bank antes in eircrlatios. They.bankhetere them accountant
thequatittiy ofsnuff,tobaccn,canalles,Sic.consuased,whieh were
imam industriously impaired intisomethen indeed the country
gentlemen complained that they had been mystified. Why s.
water mystification pew touk place.—(Heir.)—When the
Committee were asked, what was the best made of relieving!
distretsarwhich pressed as heavily on swindlers'?
thky
proceeded to examine the accounts of snuff, wine, and is.•
hpceo. The Hun. Geetlernsti was thee proceeding to advert
to the connexion between the Back •ati the Government,
when
Mr. WE'ITERN Interposed, but the tendency of his ob.
eisvutoos we could nut collect in the gallery.
Mr. ATWOOD reatimed. He stated that the counse-
-1 qpence of the Ball of 1119 was, that the fifty-five mi'lions of
taxes raised during the war were increased to 100 millions in
'the time of pence. He could not consent to the kind of
personal xrgoutent which was made no that question,
;Namely, You have opposed ibis-before, and you have sup.
!ported it." TIM should be no manna why the Represents.
Ives of the people should not interfere and use their hest
maitre, to avert the dreadful queue?' of a measure

of the most enormous iniquity to he Coodin the history of
mankind. In the metropolis, in the cottage, and the most
distsut districts it was all alike—the consequences were
felt all over the country. We b•ee placed our hand on the
most powerful string in the complicated machine of society,
and we seemed ignorant of its potency and diameter.—
It aas therefore the duty of the House to avail themselves
of the lights which they now received, and the mines which
war still in their power to effect the reversal of these dia.
astrous consequences which have resulted from this measure,
and to restore the peace sod trasquillity, sad almost ruined
industry of the counity.—(Hear, hear.)—That House would
abdicate their most important functions, ■sad abandon their
most essential sloths, if they did not proceed with the in.
quiry, and see what remained for them to do in order to
meet the demand of justice. This tossitry was like • great
metropolis, set tu • eonBsfratio• by its own Governmeor,
whose duty it was, as the only mode to remedy the evil, to
discover the loss which had been sustained, to ascertain the
boundaries of property, and to reinstate it on the folinchl.
lions of prosperity. The Honourable Member theta
adverted to the period when the Bill of •1819 was passed,
■nd the :.überquetit distress which it crested, and alluded to
• letter addressed by the Magistrates of Manchester to Lend
Sidmouth on the /et July, 1819, which, amongst other
thiugs relative to the distresses of the people, stated a that
the people here are oppressed with hunger." The House
was imperatively called on to institute an iugoiry, (torn thk
full coimiction that in their own hands there still remained
the power of relieving the distresses of the country—to open
agat■ the career of prosperity which the charscler of the
people ■nd their energies load directed, and which would
always conduct this country safely if these energies were
sot crushed and thwarted, and desorosed by the errors of
Government. The House had experienced enough of pre.
sumptuous confidence without beteg called spun to adopt
the resolution of the Hight Hos. Gest lemon (Mr. H gammon),
They should now ester upon the proposed inquiry with •
fall consideration of its imporlence, •nd if they were weed
aside from that path, on that step would rest all the present
calamities and future dangers of the country.—(Cheerieg.)
Mr. PEEL next addressed the House. He said if be could
hope to be honoured with the amuse°, of the HOOK', whilst

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..... •. . .
alt end —Meer, (ime.)—And at what '10.4611:1;d they *rah
cot that enestion ? !toren or eight years had now elapsed
snare the House had adopted measures by which it pledged
itself to rehearing the ancient at.ndaid. la 1814, when both
Hoaxes of Parliament had pledged ibenteelees .to . the re-
' stricilush, they staled that it would be espediesit that the
Book should return as soon as possible to eash payments,
Poi in 1818, whet' the celebrated measure was iutroduced, a
elapse was invited to the same effect. Aunt by whom was
it proposed ? It was proposed by Mr' Hpreer, also said that
be would ant cousent to she 9.11 unless a clause were nitro.
domed (io which the House acceded), pledging the House to
compel the Bank to return as ammo as possible to cash pay-
Meet, —Okra', bear.)—Since 1814 the country had been
eartenvourieg t. accommodate itself to th. new stale ef.
things which had arises. Contracts entered .into at leillec-
lperiode It'd hems partially discbarg/d, and ries! Vitra after
that period the lion. Baronet Mg F. Burdett) moored the
House that thereat object of t'i motion now before limes
was to reduce the standsri from 20s. to 141.—(Hear, hear) '
--Bet whether flys proposition might be advisable or sit,
he could set see hoe it would bgeoesible to adjust the
thet:•-r. it would not only affect every individual who bad
*dammed leant, but every mars *bn bad pnrchased withip
the last eight year% and If the Hoak sanetioped the prin.
chafe whieb the Hon. Baronet bad heed the prepniftiee
contained, there would iudred be end to all,,eatroual
faith, on Odell theineererity of this ountrY so mainly. de.
punted. But when they came to rill wish prieske con-
tracts, whet would be the cansequen I It stolid not be
poesible.te lay down any plan to adj them. 1. ogld you
&pie* Nee isidivideal who had been p ' ual, of the advises,
tages you give the mart who bad nut fgl his rogsgemestts
Not, if betoold concur with the Hun. rustle:nen who had
irstrodured ibis subject, and some of those also had sup-
ported hilt le the descriptions they badAiven of the state oil
the enothey•Lif be good believe that the restoration of the
current., bad brought destruetion urea iedustcy--i,fhe could
suppose 614 It bad entailed Poverty, beggary, esti rein on
the lower clasees of the parte, and was of opinitrt that them
predictions which be had Iva, ti of impeadiarreip were
likely to be fulfilled, he might perhaps be induced to piehl,
although reluctantly, to an imperious necessity.. Bet be
hoped the Horse would liclulge hiai whilst he slated the
reasons whit he could not believe these statemente.to be (m-
-ere -../heir, heatirby he did not think these dreadful pee:
diction. justifiable, or the country up the hyink o( dieters.
ties. The Hun. Gentlemen (Mr. Western),isd eeleelled par.
Healer frets *bleb he considered iedieatione 4 diem*,
and he (Mr. Peel) admitted the propriety of ebe 'Griot;, bet
at the same time, so far from admitting .they were Maus of
distress, Ire hoped be should be able to pep they weed.
rather proofs of prosperity. The first laurel them is by the
Ifon Member was the pour's rate's, and stated that a greater
Dumber sir pr,..opi, had received relief frogs the ISOVf.'• fella
Sleet she !Seim, than in the 'same pitied 'during {Pp war.
Now he (Mr. Peel) might deny in ;Merest the propjet, of
iamituting a comparison between the periods of -pewee mid
war, but if he saw that there had been a gradual increase of
pauperism, he most admit that it would be one mans ektoseist
of the consideration, which should Doi be thrown wide.: IN
held in his hand as, account of all the cocottes 44,13aglead
and Wales, sod the amount of pout's rates paid, sod is
contrasting the two years, 1820 aud .1821, ha ,fiated that,
oat of the 52 conaties, an increase had takes, place is oily
two of them, namely, Noithumberland aid. Hunliogdon;
sod in every other county the pope's rates , had bees dims.
Dished: in every county in Wales a reduction had taken
Pace. Now if any left/Tett were to be draws from these
statement'', it would not certainly support the inference that
the country had been it, a progressive state of decay...
(Hear' hear.)—The next subject to which the Hon. Genii*.
man had ters•reed was, the Meerut of crime. He mid, "Elie
what an effect this ' has had on the morals of AD
people." He (Mr Peel) admitted that this was a fair sub-
ject to form an estimate; but be did not ibiukthat ••etereet
judgmeet could be made as to the egrets of the measure,
upon the, increase of crime its periods of peace and wort wee
was it fbsr to conclude, that hectoliter crime had increased I
during peace, sod that the Bill fur the reliquaries* si cash
payments was coincident with the Fetus of peace, that
therefore the increase of crime and that measure steed is the
precise relatioo of cause and egret. ,He bed selected the
county of Middlesex, and be found that from 1749, t. 1768,
which were five years of peace, the number of uphill
charges amounted to 428. 1. *even ;pre afterwerda which
were years of war, the number of capital ehargea amounted
to only 175 la 1761 and 1;82 years °Lear, Asts member
mounted to 11, .and fist three years efleresediN • year' of
peace, the Dumber of capital ctsarges was 154,—(these,
test slope would prove that the incecaos
of crime must be referred to the peace, and if the 800.
Gentleman (Mr. Western) tarnished the great authority he
bad quoted last night (Lord Bacon), lie would find that opt.
•iou confirmed. Now is 1820, 1821, and 1822, in the number
of persons committed in 27 gaols at the last Lent Assizes the
proportion was this, that in fuer of the (*ohs there had bent
tan increase, in all the rest a decrease; and the total decree*/ he •
the number of committals at the last Leet Amami, as
compared with 1821, amounted to 4141—He nest caste to
the revenue; and lie oily referred to that for the pauperse of
shewiag, that were the same mesescontinired to be employed.
to collect the revenue, instead of • dimiantiun, there had bees
an increase. There were 60 excise collections, sad in the
year 1821, compared to 1820, there had bees in five of theist
• ffintioution, and four out of the five arose from • Niles.,
in the crop of bops. In all the others there had been en htei
grease. If thee any inference were to be drawn from theist
celetdations it must be this, that the consumptive power.
of
the country . bad not been diminished. The number of,
the earls. praisectstions, trbrcb would assist the House'
in forming their judgment, were as follows:—la 1817,1
461 ; In 1618, 379; in 1819, 220; in 1820, 329; in 1891, •
196 ; and in the expeases of law proceedings the tedsu
lion in the last tau years, as compered with former year.,
was very considerable.—(Hoar, hear, hear.)—He now came
to. subject which was extremely difficult, namely, the con.
sideratiou of the conditio• of tbe.labouring clause., He bed
used every means to (Maio the most accurate information,
and if be was deceived, or failed in the attempt, it lela sot
for want of the necessary exertion. He had endeavoured to
ame.lain the state of employment of the labmeringulasees
is Bolton, Manchester, Itochdale, Leeds, Glasgow, Hod-
dersfield, and Nottingham. At Rockdale the .spinotra
were in full employ, and also the weavers u Mae.
cheater; the manufacturers were Rol so Bourchisgt
bat from the security of the precept standard, and
the 'shirt Credits, there was fall employ for the.worhing
classes; bat more business must be dune for the master.
manufacturer to make the same profits es, be themesty did.:
At Glesgow the comforts of the manufacturing el bed
Inereued; at Nottingham the csttou swam/ minufae-
toms were fully employed, and a workmate would ears
from Itls. le 225. a week, *hater silk stockier was not so
goad, but the laci trade was flourishing; the whole state-
ment then went to shew that there was full employment, al.
though the wages were lower, which denied lie espreasioo
of the NM. Member fur Essex, that the manufacturi•• cluster
wore in a state of ruin and sloth. While be presented this
view he could not bide hoop himself. the distress of other
branches, but before they interfered with the mandard ternary!'
of the couotry they ought to be assured that it was the'
cause of the whole @gm:cultural distress, the ease distress an-
iseed in other countries when the standard user had bees'.
altered. At Amsterdam and the Low Coon tries, if they !oohed
to the evidence of Mr. Jacob before the Agricultural Comeare..
tee, thmt in the Netherlands the farmers complained; said
also I. Fiance where these bad been so cheep of cure sly;
thin *fp Ilireyescribed tbi.wlsole cause of ille &drew la the •
charge ifte e eeeee ey they ought to look to the meteor elites
countriee where it had not bete cimaged ; the. Mee, reuse was 1
the bacteria. Of, she value of .money which guest sot le he 1
interfered with. HA weed epithets that the standard in this 1
errantry could not be altered, without emstuatos.to every
interest in it. He world Mee Pia decided opposi4iont to that.
polies of.the.Hee. Member for gores. Heogresd eicrfemil
Wills ihe aniesidesent of his Right Hon. Friend (Me. Hoak.* .
sull), and trot they peen to declare. irs ilserear.l92B stmt.
they would not come.' to alter the standard
.wesbut of coin
is this country. The Light Hos..Bcesetaiy mt &era 'midge
load c1ieceAde.„06.,,..L.,, ~,.•. • 1••.• . , ••t.•• .. , ~ '_.4o-_
Mr' URPSuaIO4II.I/0* 111 two te..alato Out seesees.hthr.
be agreed to' ilin porosities of his Hun. Fr iced, the•itainat
bee km, Braelt!... 4Agramegtby *lb she. aism,....aserstieg
: who bad just eat dawn, that it would be sausgesAhrms
'oppose that a paper standard should be resorted to ;
it was a thing that should SKIM exists that the Bauk

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