The British Press; or, Morning Literary Advertiser.
London, England, 1822-02-16 00:00:00

Wads ea os the lips of Iliehdefe, wag" llla 11101818111111
inroad In. the Sinking Feed was made in 1813 tm 85e
present Chancellor of the Exchequer; we shush iket
have bad • Stoking Fund of at least twestroise ml .
lions, instead of fest year, according to the Chmesi
ellor of the Exchequer: awn account, 18110,0001.; andt
this year, by as unexpected increase of the Racist Remise
in laded or Scotland, it amounts to between 2 and $
millions. To say, therefore, that the Members on that side
of the House would isms& the Stettin Food, was the most
monstrous of all delusions, poetical or arithmetical, in
which the Noble Lord bad dealt that meow. He (Mr.
Brougham) believed that the only diffusers between Mr.
Pitee plao and Sir Robert Walpole's was, ilet in the pan of
Dr. Price. which Sir Pitt mewed, the operates was by
compound interest; and now, as he (Mr. Brougham) undo,
stied, that we to be swept away„ soil the principle of eimple
interest recurred lo Legato. The Noble Lord had passed
over the retreuehments so liehily, that lie world defy any
man to say if the civil list, or penises, or office.,
were to Ise lunched, unless, indeed, they cause under the
tiny he of 150,000.'. fur superannuations. As an ex.
ample of the Mincer in which the Noble Lord bad been
understood, he would tell the House what had just oc-
curred. A Right Hon. !friend of .his was sitting sear him
(Mr. Brorighem,, when the Noble Lord was concluding lit.
speech, end a-keil him, " But what has become of all the
retrenchments? he surely nest allude to rail reductions
presently." He (Mr. Brougham) then told his Hon. Fried
that the Noble Lord had passed that item; to which he re.
plied, .. It was Impo •eibie," smiling good beinneredly at his
• ( Mr. Brougloim's) it:reprehension and ignorance of fiaance.
1 'lt was in that litik corner that all the retrerichamats were
to be found: It war nut what was to he got by abolishing
omelet.' pliket, but 'lt was telling the suffering people
of tliiii cownley.that was all that was to be obtained, not
only as sic allevistrun, but also fur the more sacred ire rest
of the Conatiltitiop, by dined/Mug the enemies, the over-
whelming, the corrupting patronage of the Crowe—(Hear,
hear )—The 10 per cent. deducted from salaries "duties
was, be supposed. a sort of premium of insurance paid to
the Chancellor of the Eschimorr, in order to get safely
through the storm ; but the sacrifice of owe part would ant,
he could apprise them, give any security for the Wise parts
which resnamed. Thus was oujitat also, fur hecosW ima-
gine niany cases in which 10 pee cent. or eves 6 per era'.
was too much to take from those who bad embarked their
only capital—their youth and health in the service of the
State, sod were now perhaps lingering nu pittances of 801. ur
1151. • year. Taking any thing from that, would make all the
difference between living and being unable he lee, sod would
be [wiling nut at comforts or luxuries. In some cases it
was too little. lb talk of such a reduction from the great
places occupied by the Gentlemen on the Benches opposite,
ass so utter ly incommensurate with the occasion that eves
if more the 10 per cent. were not taken, it would be little
better than a mockery. Many of the great public offers
would, he was persuaded, be filled for the parreage only
(for of that there weld always be some). The Great Officers
of the Household, which adorned by their splendour, but
were nu otherwise props of she State, and would they
adorn sad prep it the less for being volunteers ? Would
it detract from their strength, if instead eff coming ism
office on the motives of a clerk, they were to come in on
higher principle? Was there any man so devoted to peers-
niary emolument—so incapable of all argument but pounds,
shilling., and pence, as to believe that these places, instead
of being worse would be better tilled if there were not a
farthing of salary attached? It- was sot necessary, be
thought, that the salary should no more than pay the ofleial
exprines, and might be permanently reduced une.balf. He
spoke not of places requiring soy peculiar education or
cognac of *turfy; for at the risk of jeers, to which 6
.hoes, as a professional man, he should be exposed, for
wht's' to except the profession to whale he belong-
ert, he haul no hesitation he avowing his epees, that i•
all case judicial appeonnents were not within the scope
of his argonsents. When • man was made • Judge he wse
, • generally taken from a lucrative practice al the bas; and he
bad knows Judges who, on their appointment to theileaeb,
bad abesdisaed half their income; this, therefore, wee a
breach felock ovoid oot to be iorelied.—(Hear, berrojr—The
Noble Liscdperepased to borrow fuer tellies from llso Bank,
ed give three pee end. Exchequer hills; but the way the
muses was to be employed the Noble Lord had not explain-
ed with his usual perspicuity. His nadersteding (and be
spoke tinder the correction of the Noble Lord), was, that it
was in be applied to a twofold purpose; part to lowest is
stock, to increase the price of stock, to run it •p by another
pulley, and what was nut so used was to be in aid of the
poor's rates. The Noble Lord had complained of she effete
to be dreaded from the torrents of gold settee is from the
Contient in such force, the if nothing was prepared to stay
It 810 Min could say what ravages it would make. He (Mr.
Brougham) apprehended, that if not hoarded it would get
into circulation—the exchange would be affected—Hie ebb
would follow the doe—nod the level would he restored with-
out any alteration or the laws of nature. The effece could
be but momentary; the operation of commerce affecting she
exchange at oat-e restored it. There was se want of gold at
present; the complaint was that there was not eirculatiog
medium in the reentry; but if whole barrels of gold •ere
peered out from the Rank it would not remelts, but would
go out of circulation, reeving the circulates medium as it
wee. As bag as paper was convertible into gold, all
the fiaancial expedients or arrangements would uot avail.
to keep it •p to any artificial height. The other part of
the plan was still worse ; one was only nagatirry, but
the other was mieehievous. To hear the Noble Lard lath
of lending every parish as nee money as they require
in aid of the poor rates, as • measure likely to produce any
thing to relieve Ilse diereses of 'grinders., was martellous
to hint, albeit not nursed to the wonders coming bum teat
quarter.—(Hear, hear, hear.)--To hear him deliver this
'estrum to the country Gentlemen was almost inirscules.
The House sorely would not require any argument upon it.
Did not every man see at • glance, that if the rates were to
be paid this year by a loan from Gevertiment, the rate
p4yrr must pay double next year, together with the expenses
of management, all whir+, iu the end, must full some Iron
The pie which was now spouted on all sides, and aban-
doned by the inventrw himself—he meant the plan of lend-
ing Eschewer bills to the celery gentlemen—was nut half
so absurd and ridicaloas. This money was out to be in the
careful management of themselves, but under the wasteful
direction of yearly ove . But this was not all ; part of
the money was in hr laid not in certain public works under
Ilse same disinterested and careful management. " What!
public works !—What ! more et aaaaaa nee!" He had
doubted the evidence of' his cars. 'fee plan could only lie
likened to that for emptying the poor by digging holes one
day and filling them up the next. If a public work were
wanted that weld be beneficial,and that would repay its own
expense, it should be eliineond till then it ought not to he
attempted; but if the Noble Lord were to stimulate their de-
sires, it would create as great parochisl extravagance as the
Ipublic estravagance under which we had so long la'orured. He
could anis, in stronger language the that used by the Noble
Lord, implore the House to open their eyes, to look to the
l management of theisown eanCeriss; continuing their con-
fidence in has Majesty. Miniatere—for, Grid fin bid that •
thought should be entertained of any one coveting their
places say genre now than Iwo . ago, when he had warn.
.41 the (louse they were placing the nation in peril by passing
the Queen's Bill; so now he said, "Think nut of any change;
let the present men continue if elwy possess the confidence
of Parliament, tint face them to deserve it. Save yourselves
as well as your eriontry, and above all save that public
credit to which she hitilite Lord and those who act wish
him, stud riot 1 or may friends' are the real foci." l'he
Hon. Member continued, that iiGelltleinerit were bet cos-
intent mid reganlful of their own interest, they might teach
the 3liiii4ter how to keep hie place (be would keep it), eel
he would come dower with • repeal of taxes, if they
forced him to it. They soil they only could, through the
present Minister::, save their rolintry. Empiric. had claim-
ed therm. At owe time Napoleon wanted their gold,
the Jacobins or Radicals were eudasgeriug the Creator-
nem ; but let them open their eyes, mod they would see
that them impostors derived their only authority from alarm.
and their sole specric was edifies evacuation. He begged
the House to resider well the events of the last thirty
years, sod implored them not to antler his preset prayer le
tie urged in vain.—(Hear, hear )
Mr. UUSKISSON raid, be was entwine how impolitic it
wan is him to rise *Re the Hon. sod Learned Geutleme ;

111M‘111 4f public dolt NW him lit the iodiseretion,
ligz
it
b• iirni there sew was a speech deb veroid in Par.
, .. elmitniniaje mere upwind priudylea sod istiSosilded
i 4 e lion the!' of the Hs°. sod Learned Carallenian,
orue mom tales/Wed to mislead the public, 11414 i to tawdry
Noose into some 111-digested Sessile. During the,
distress of the nsantiferturitig and commercial deafest
Is 1817, it was predicted that comment 'retold pryer•
revive, and that capital would seek employ elserrhere.l
Public credit was at that period every day decreasing, psi. t
vale credit wan wholly out of the wit-slime; for be wakeint
afraid now to awed, that in 1818, except by the politic secu.
reties, or by hills of exchange at very short dates, ilt was not
possible to raise money within the rate of legal totems*.
High 'Nimes A the velar of labour, and 1111 the rate of
labour was advanced, profits must necessarily have dim,.
Mated. The distress which was then felt •ser eltrned a syirit
of *miry, which led to the discovery that realrielive or peg-
hibisury regulations, tended rather to injure Man to protect
those interest,' they were de signed to brio fit ; and tilos disco-
very bad caw,: several Aids to be bruu;ht to for repealiug
such injurious measures is many instances, and these, is
fact, a great teal benefit to commerce had croon up out of
its temporary depressiun. In like metier, it was to be
b aped that agriculture would ultimately derive great per-
mascot benefit from the investiz thin of the principles
by which its interests were affected, which the present pees.
sore npuis those juicers!, had called forth. To res.
son upon the eireiernetenems of the present period
from the data of 1792 wee absurd. That year was followed
by the breakim. out of wee,
•which rehire the prices; 1795
was a year of had harvest, which leaded et.ll further to in-
mean than; 1797 was alas_• bad harslet, mid 1799 awl
1800 were years of sesiiity.Olsich of Connie 111%1161A a still
greater elite of prima. Timer 'iA rcunistanceN. together with
the Bank Restriction Act, which was passed to 1797, gave a
stimuli., of enrollee:se:nem to agriculture, which, contliminte
to operate moil the close of the war, bad caused it to bra
carried to a much higher pitch than it had ever reached at say
former period. Those causes had new ceased to operate,
and •c, troodeut deelme in prices had necessarily sod
naturally followed. lie did nut mean to argue, nor wall it
at all assumed by Goverumeet, that an excessive or over
production was, under all eirrumomares, .111 absolute and
oaqualiged 1 oil ; but be moat conked that it oat neer,-
eerily followed by ioconvenieuce and loss under the circum-
stances with which at present it was accompanied. He ad-
milted that he had supported the Corti Laws from the out.
set, fearing that the enemy •from the slate of llse Contineut
at that period might be eualded to cut off the country
from an efficient supply; but he was free to confess
that he now regretted having done so, as the tendeucy
of those laws had been to produce, stud be was convineed
they had ptorlated an over supply, by the excessive encou•
ragement which they hail given to production at home, and
by the importations which had, from the same cause, taken
place from Ireland. During the long perioduf provenly to
the agriculturists, which he had before mentiooml, from
1792, to the close of the war, their speculations had 'teen
carried to such an ewes% that it was natural to expect that
when prices fell, from the cessation of the temporary causes
whittle led to that prosperity, • degree of distreiea sad depres-
sion would follow "itch as was now experienced. Bounties
on exportation were, under the ancient and long-established
system of this country, the means acted upon to open to the
grower a channel of relief front his superabundant produce,
1111141 if tluat could not he again recurred to, some other memo,
must he deviled to relieve the grower from the lota which
mom otherwise accrue to him to years of ahem:lance from a
produce exeeediug the demand far home consumption ;
otherwise the want of a compensating price in his owe mar•
het for h a crop, would operate to discourage cultivaiitni,
sod the probable result would Ire, that in future years of bad
imams and defective crop., the supply would fall shod of
the necessities of our own population', and the demand fur
home consumption must lao supplied from other quarters.
He did pot mean at the preaent moment to give a decided
opinion upon many of the suggestion" of the Honourable sod
Learned Gentlemau, nor to g i fully into the citansiaatioo of
those uew oyinious which he had broached--thuse aewly•dis-
covered doctulnes, and hitherto uuexplained principles of
political economy which he haalieveloyml in bite lectors of
three hours and a half ou a former eseuiwg, and in big speech
of two butin on the present occasion ; but O'ere were some
observations has acted by the Honourable and Leal ued Gen-
tleman, which be must bre the indtkence of the House while
he proceeded to notice them. The Honourable and Learned
Gentleman denied that there was any Wert-zee of coliseums).
sieve, and spoke of the Increase. of revenue as a supposed in- .
crease. The state of the 'country 'puke et mice tur the in-
crease of ronstimption• but when a gentleman pteased to
dewy the return. from the Decor., 16'1111.11 showed • liege in-
crease in the revenue on those articles which !were iu moat
general nee, there was no such thing as arguiteg with
him. When the Honourable and Learned Gentleman
began to open his new lord luminaue views on the
subject of the circulation, he (Mr 11.) felt some regret that
they had not haul the *drawee of his Wooing iu the (:om-
mittee out the Corrency, and feared at first that they had lost
much valuable assistance; but he felt prereittly relieved .
from his fears obese he leesed.hion attribute the evils against
which they bad to contend to the Bank Restriction in 1797.
He wondered the Hon. and Learned Gentlemau had kept his
(berm, rirs in secret to so long • period after the Committee
of 1919, which would have been the proper time to here pro-
detred them. Neither, however. in the discussion of the
Report of that Committee, nor of the Bill which was founded
omen it, in say of its sages, had he ever looted at those prig-
Lip,e' which he now put fords as having been long ireaaored
up
in his own mind, *Monies be made a long speech upon
the third readieg of that Bill, mid another upon the same
sohject upon a subsequent occasion. is the anxiety to se.
celerate the return to cash payments, too much bad been
dune; the exertions that were made were more 111318 was
called Air, and the revulsion vehicle they had produced was
greater than it was necessary to sustain. Beery million of
gold now taken out of the circulation and buried its land,
was so much aggravation of the existing evil. In proportion
as the aortae" treasures of the Haut and of private bankers
were thrown into circulation, so touch would the country-be
benefited. If the Rank hod elieckml its issues and reduced
its discuontr, the effects upon prices must have been the
same as the result which their. attempts to return to a cash
circulation had produced. He therefore thought the Hun.
mid Learned Gentleman had over-rated the effect of the al-
teration of the curreucy. The Hocaml Learned Geetlemen
thought that taxation was the root of all the existing evil.
That was a *object on which Nlinisters had been T.., y unfairly
used. He denied that either Ise, or his Right Hon. Friends
near him, as had been es.unted, had ever looked upon taxa.
tion am an abstract hesellt, or dust they had ever viewed it
otherwise than in the light of a positive evil. But however
abater(' was such an opieion as that which had been imputed
to them, it was hardly mole strange or wattling thau the
doctrines on the same snlaket which were to be roused in the
Honournble and Learned Gendeinsa's newfangled ardent
of political economy. He would ask the Hon. Member for
Portarlingtun (Mr. Ricardo) what he thought of the theory
which be hail heard with astonishment proceed from the
Ham. and Learned tau whinge, " that taxation traded to is-
crease prices, because it me:a aard the profits upon capital'"
Another of the most extreordinary axioms advanced by dial
Geutlemen 1,18111, " that the employment of large capitals in
neenotectores wailed to raise prima, and that taxation tended
to exclude smell copitala." It avail, however, by the large 1
capitals employer) that the improvements in manufactures 1
had been brought about ; it era by the large capitals That
machinery had been introduced, and that the successive ion-
prevenient% in the machinery had been made, which had so
lunch leaseeed the expense of productioin and consequently
I lowered the picas of the articles. This, therefore, was age
whet exaggerating' of the effect of taxation. The flaanciol
le/nervations of the Hon. sod Learned Gentleman were not
less estraordinary. In coutreatiiig the income and
of expendi-
aml 1815, which lie character.
.__e ea.uta ee a of the mummy, he had, in or-
Sixnmre l am id
ei Ike
washTe bii l
talel3"( ,
der ..shear out his sreuiment, sw ',pascal a man iii private lute,
with an ineeme of 10,0001. • year, end an encumbrance of
deb, with a charge for ineereatitmosittling to nearly the same
son), that person would be obliged to lay out neatly the
-"bele of Isis income its retainestiiiing his credit; and that he
a.
stoical to be aeureect view of the condition of this country,
. But if he looked et the state of the country in 1813, 1814,
and 18Th, he was surprised how he could compare the
cowherd of the affait• of a country struggling for its ex-
latence as aa independent nation, by the rules which •

••• 1 ! - .

almuld govern the caaduct of a r... --
If it were the polity of the country during the IIIE4MMIIIP
supplies to meet the caress of the expenditure abort Um It-
semi., by the memo of loans, and that course were cantle
Demi from necessity for a series of years, it was absurd to
compare the relative mounts of the income anal repeat&
tnre at such a period with the scale of a atiloequent period,
when that necessity should have ceased to exist. The Hon.
pad Learned Gentlemau looked spun the several establish.
gismos of the count. y as beiug upon an unnecessary mole of
expense. But if be looked to the scale of the present year, be
would find it to be reduced below the scale which the
-lions, 1101 of the Finance Committee—be wonid tint mentims
.abem, boniest they were the instruments end dependents of.
Govrromoot, gad therefore possessed neither reedit nor author.
.city %rub Gentlemen on the other aide of the House—hut
below that which the calculations of Me Hon. Member fee
Essex (Mr. Western), whom he regretted not 'ethic in big
place, had assigned as the limit fur a peace establishment.
The expenditure for a period of peace, that Hon. Member
had said, including the pmvisfun fur lb. interest of this deba,
_it was hardly possible could be reduced below 50,008•1104
The expenditure for the present year it would he found was
within that sum. The Honourable and Learned Gentleman
thought that be had obtained a great triumph ever Fir
Noble Friend, in the argument of the effects of micatitos oa
the cousumption of mats, when he urged that notivisbetend.
lot the population had increased, the consumption .was leas
than in 171t1.—But what haul been staled by his Noble
Friend perfectly accounted fur that fact, still he bad shown
from the fluctuation 111 different yeses, tbst the consump-
tion dep, tided much more on the slate of the harvest than
on the rale of tax own. 'flue mourns of the quantities
of malt consumed in those years during which the tax
1111 d been taken off. compered with she overate of three
rgeeding year., stud with the Femme since the tax was
Increased, showed that the smallest consumptiun was it.
Hume years alien the tax was lowest, end that the con-
sumption had i ed since the duty was raleed
(Hear, hear.)—fle did not mean to argue that the duty
wee the cause of an ie d consumption, but that there
• were various other causes, distinct fium the taxation, to
account for the decreise in this instance; among these
might he mentioned the in ed influence of moral habits,
for he presumed it would not be dewiest that habits of so-
briety hail much increased of late years among the
people. The Honourable and learned Gentles/too had
completely mistated, because he in fact had altogether
misunderstood Ore argument of hie Noble F9eitil His
Nula;e Frieird had said, that the tax on tea hail within the
same period to which be referred been iticrensed eightfold;
and vet the increase in the consumption of that, and other
articles of general use, which had been subjected I. a
nearly equal advanced duty, was fully adequate to
the increase of the populatiou, and therefore he argued
that the decrease in the consumption of malt was attributa-
ble to some other cause than the increased rate of taxation.
In noticing that argument, the Hon. sod Learned Gentleman
had asked in a terse of triumph what beneficial effect
to the agriculture of this country was derived from
the run:meagerness( and increase of the consumption of tea ?
Here then Was this great and prufound political economist.
this propagator of stew and rinexplood principles of the
ircieeee—.(titar, bear)—who thought that the Chiron send
30,000.000 ors. dies to this country and took nothing from
it le eeturn.—(llear, hear.)-11 the Honourable and Learned
Geptlesnan kid been hareuging a mob—the rabble, for in-
011thiee, that surrounded the hustings of Covent •garden, he
Would hardly have dared to address such argumeets to
three; be could not therefore but wonder how be could
Wok of stating them in that House..—;Hear, hem., bear!)—
The lion. and Learned Gentleman had travelled out of agri-
culture into one of the mineral productions of the country
—iron. But if he had properly directed his inquiries upon that
subject, lie would have found all excessive production io the
ananufeeture of that article, and that the prices were equally
depressed in proportion with those of agricultural produce.
It wag the smile with other branch, s of manufacture' and in
the g I depression of prices of manufactured goods would
he found one extrusive source of relief to the farmer. through
the effect which it must have room the price of labour,
tool the decrease of bin oupeaditure in those artieloillle"
his own coosumption. There also be would find the
arising front the employment of large capitals, by
creased expense at which they enabled them to be produced.
It should not have heen forgotten that cotton, 'fool and
other goods were manufactured here much cheaperiban many
other country in the world; that the labourer was thereby
enabled to get them cheaper mid in greater quantity,
and therefore the great capitals offered to the agricul.
turists of this country advantages which were not possessed
by those of Ameu ica, Poland, or any ether nation from which
eons was usually exported. He thought, therefore, that it
was not true that laxative was the cause of high ;tricot. He
next cause to the remedy for the evil, whirl. haul barn
discovered is the abrogation of the Sinking Fond, in
order to diminish the tasatiou. The tionuurside and
Learned Gentleman hail gab., that but for the inroads upon
thig fund, caused by the expensive measures of 1813, we
should now have had a Sisukiug Fund of 21,000,000 t
But he would ask hum to what mimeo must the taxa.
time of the country have been increased, in order that
it might now possess a kinking Fond to that amount?--
Learned as the 11011. slid Learned Gentleman was, or prohased
to be, in the Maury or Mr. Pelt's measure, relating to Ma
Stoking Fund, Ire woe totally mistaken in hie notions reaps-es-
ter the prioetple of that Food. The princtples of Mr. Pitt's
Sinking Fund was this; that one per cent. on each loan
should be set apart in reduce the stock created by such loan,
sod when that one per cent. so set aparoshuithi have worked
Itself up to the value of the whole loan, thon that the whole
amount of that stuck should be struck off from the debt.—
It was on: tiring when they bad a Sinking Fund to take it
away from, and another es to the propriety of fermis,: it,
if it bad existed. Besides, oliat other means had they
of recruitiug their finances ia time of peace, or supporting
their credit in time of war? He would retrench by all
memo, as far as was vonsistent with wisdom, but he never
could consent to Mare the national faith violated. They
ruid:l not du away with the Siuking Fund without proclaim-
ine their sharer', and incurring the greatest danger; fur if
they did rot endeavour to reduce the debt in time of peace,
they must respect ruin and bankruptcy in time of war. He
was glad to find the Learned Gentleman had qualified the
atarmiug doctrine of lamely he had avowed the last night.
And if under their present difficulties they were to yield to
these doctrines, their difficulties would be increased tenfold.
They would underosiue the fausidetiosis of all property,
and produce inevitable destruction. Upon what tenure was
any engagement held ? The right of inheritance—the claim
any mart had to his outgoes—the power of transmitting pro-
perty by will—in fart, all the affairs and irsioactions of
hie (tor these were trot the natural rights of man), were sup.
ported and preurved by the public power. And that also
was the protection of the public creditor. With respect to
the pruposOion of his Noble Friend as relating to parishes,
he saw nothing new or extraordinary in it. Nothing
more common than for perialies to borrow one year, and
pay it nut of the rates of the next. Nor could be agree
with the Learned Gentleman that great waste would ensue,
far it was the iuterest of the parish to see that no waste did
take place; and he by no wreathe despaired that it would be
a great means of alleviating the public distress. He had
delayed the House beyond the time he had intended; but
he could not suffer his mind to be carried away by the
gloomy view the Learned Gentleman had taken of the state
of the country. If he bail been told that any country in
the world was in a herbs.. and desperate coeulition, and
that a violetton of public faith was Inevitable—if he saw in
the same country all increasing revenue, •brindonce of ea.
pital, extensive improvements carried on to an extent never
before surpassed—if he saw moremor, the growth of pope.
lotion more rapid than in any other country, he should say,
o If these be the symptoms of rum, in God's name tell
toe what are the means of increasing or preserving the sta-
bility of a country?" It was mockery then to call the coo.
(tattoo or the country desperate. If after all the difficulties
we bed undergone—all the sevrre trials we had endured,
and all our struggles had been brought to a successful end
happy terminstion, we were in a 11101T1t111 or despair to
violate our engagements, by means of which (Is had been
properly observed in the Speech from the Thome). we had
heen ratted to the high station we fitted in the eyes of En.
rope, he should implore those honourable men its online&
111/11 with whom he had the honour of acting, out to give
their aid in It. destruction. lie would conjure them by the

mem= !Ley bore to dial great name mkt& bud bans-
timalieml Out night ; in the name of Mr. Piles illustrious
rival, who on that and that subject alone hid been waive*
be would entreat them not to disgrace that •snuenes(- of
tuitional splendour, but leave its demolition is other hoods.
—Hear, bear )
Mr. BROUGHAIII explained He had been prevented'',
indisposition from "lilting • part is Ike debate alluded to by
the Melt Hon. Gentleman, and nut from inclination.

Colonel DAVIES expressed hi• surprise at the apathy
that teiiMed, afire the extraordinary speech of the Nohie
Lord. • Could the House suppose that Ohs iniserahle bison
proposed would satisfy the country! Did they imagine thrd
could restore agriculture to its former emattive
surely lot. He was therefore surprised at the indifference
that seemed to exist, for the country Never would he satisfied
until there was a considerable redaction of lettaLun. lie
was decidedly of opinion that the applic oleo of the surplii•
(called the Sinking Fund) to the exits-ones of the Sirie.
far firm erecting public credit, would estalslish tt sdi a
more firm bums that. aay measure they could prop use.

Mr. HOME assured the Howie that he should endeavour
to compress his ohm yahoos into is small • tamp's, as
aible, but he could nut .lbw the extraordinary speech they
had just beard to pass without some mouths. It appeared
to him a strange mode of proreediug for • Member to come
down to that House, and reply s• the speech of his 11011.
and leaenfd Friend r. Bemighant), which had b.en deli.
waved a week ago ; and by this means the Right Hob. Gino.
demso had artfully endeavoured to withdraw the stleattea
of the (ionic from the real questio• before them. Had they
had that night a debase tot the Corn Bill, be mild have
understood the speech of the Right Hon. Gentleman, far
two-thirds at least of his speech were more applicable to
that shall to the riestiois before the Homo.. He was sue-
pitted to hear the Right Hon. Gentleman state that he cots.
aidered taxatinu an evil in the abstract ; he should lie glad
to know what he thought of it in practice! His Hon. and
Learned Friend (Mr. Brougham) had not said Ow he under.
stood him) that taxation was the sole came of the mars me
distress that pressed with such severity upon the agricoli oral
interests, hot that la:tailor abridged the comforts of life,
and that the reduction of them would afford cousiderable
relief. Ne was opposed to a Sinking Fund, because he
thought that if there weie a real surplus, it should be me
plied in purchasing up part of the national d. bt, and
not left in the bands of the Chancellor el the F-actie-
quer, to be squandered by him. He was exceedinly so'
prised at the statement of the Noble Marquis. Esteem.
tattoos bad been raised to the highest pitch, and 'heft
they were met by a delusion. The House should place lettle
coufideoce on the statements of the Noble Marquis on 'hose
subjects. Ou the 7th Februmy, 1817, that sumo Noble
Marquis bad come down to the House pretty much in
the same manlier he had done tonight, and addressed
the Muse in these words:—" 1 consider the most t.- I-
tem' feature in our present situation ts, that we are now
for the first time come to a proper scale of expeodi-
tole." And then the Noble Marquis laid dews nearly the same
scale of expeudittire as at present. In speaking of the
army and navy, the Noble Marquis used these very extras's--
dinary words—not, indeed, extraordinary from him. Speak-
ing of the dead weight, that is, the half-lay, he said," That
would be gradually decreasing, not merely by the deaths of
individuate, but by the appointments Government would
make of' those individuals to fill up civil situations
as they became vacant." But what was the consequence
of that arrangement ? The consequence wits, that•there
had been, iostead of a decrease, an actual increase of
100,000/. a-year in the army and navy. He was surprised
at the credulity of the Horse after these statements. The
Marquis had told the House that the estimates this year
would he seventeen 'millions and a half; but in 1817 the
lame Ministers told the House the estimates would be
15100,000/. nod in the end of the year they found they were
half a million more. Every year they went on progremisely
decreasing; and he would ask, would the country Genitein, la
wait until the end of the Session, until that sweetie-be-
forgotten panacea, an Agricultural Committee, bad prepared
p Report for them, and then return home without. doing •
pay thing? The present Mi• later., they might depend vow,
mould ....r reduce taxation until the House emnpelled
them to it by withholding the means of speeding
Ibe public money. The Noble Marquis had. etor-
meowed by rongratulsting the House oat the prosperity
Mall other classes of the community, except the agrirsi:-
f mini. But he should like to know, were the Colonies is a
state of prosperity ? Now let it be supposed that beta..:
the manufacturing districts were comparatively prosperoi,-,
4berefere they were In a flourishing coudition. lie kaiw
lota positive isformation; that in luau? manufactures they
derived the smallest possible profit, yet sooner than be idle,
they were induced to work. And surely that could lie
not considered a prosperous situation. But there were always
two sides to a questto", mid the Noble Marquis should bawl
been more cautious before he hazarded observetione be was
in the habit of doing. The Noble Marquis had stated the
finance aecounir of 1814, and in these were gross insecure-
ties. In 1811 the export of hardware was computed at four
millions by Ministers; the calculation of merchants was teas.
millions! In the article of haberdashery one se:course N.lf
12.0001. the other three millions! This would enable the Hoes
to form some idea ol the accuracy of these statements. 1
offer the could!, in these times • reduction 1,500,0001. w
an insult to their nodersianding• ; but he would beg the ,i,.
tention of the House to the system of reasoning adupted tia
these Gentlemen. Use Right Hon. Gent. mated, that to se-
duce taxation would afford no relief. The Chancellor of Cie
Exchequer went a step farther, and stated, that to redo,*
taxation would do positive harm ; and yet the Noble Lord tei'a
the House, that although to redone taxatioo could afford it,
relief, he would Melees reduce taxation. He could tiiit
help remarking, with some indignation, that the Right
Hon. Gentleman (Mr. Iluokisisou) found it nee/near! ir
his argument to throw out taunts mid insults upon tic
people. But he could tell that Right Huu. Geod.:oyes
that in that very assembly at Cuveut-garden, of which lie
affected to think in meanly, he could get 10,000 persona
more capable of judging that question than he was, lie
would put 500 imiderzneu 11111.1 that House ray he would coo-
sent to take them by ballot, a mode of election to whi, is
perhaps the Right Hon. Gentleman would be opposed, I.•
would, however, consent to take them by ballot, and I r
would uudertske to say that the system and ptiucipl• s
pursued by Right Honourable Gentlemen would be in•
Ghostly scouted by them.—(Cries of Hear, hear, hear.)—
But the House should not be deluded by these lessperkaius
measures, such measures as offering to lend some money to
a few overseers of poor's rates, to alleviate great aad general
distress. To conclude, he called upon thp Haase M srsi-t
these temporizing expedients of Thaislers, who
reward to direct the council.. of the first Dation in Eursl",
mid to withstand tlw attempts to holster sip a sya.ni
which demanded from the nation twenty-six million, to
carry tau that Government which in 1792 was evothirtia
for six indiums. Taxation must be Fedora:2 to at least
between seven and ten millioae. He considered the loop,-
'limn of his Majesty's Militate," so far reuse fflePilUe the
just expectations of the coontry, was a greater dirtgoointii
went and imposition dams had been yet attempted.—Olear)
The question was then plat and carried without a (Lesion'
. .

Th. (Utter Orders of thr day *ere then thitposed 41, mud
the Hullo,' vijourned at HALF-PAST ONE O'CLOCK to
Monday next.

FOREIGN INTELLIGENCE.

1
J

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}

ad besot outs asiunisornens proem, irons Inc pay It 001 Of roe rates or tut next- nor etruiu :IC 881 Wit . . . - .. . 11 • '
just expectations of me couutry, was •• greater dorappoini-
.eareed (il. ntleman, " that taxation tended to it-- with the Learned Gentleman that great waste wool,' ensue, t
r, becaeic it inert a.etl the profits upon capital ?" for it was the interest of the parish to see that no waste did sent and imposition than had been yet attenopted.—Olear ) 1
tion was
the mod extraordinary axiom. advanced by that take place; auJ be by no meats,despaired that it would be The questhen put sad carried without a divisiou
was, " that the employment of large capitals in 1 a great means of alleviating the public distress. lie had Th. other
Orders of the day were then d","" "f. aust
I'
es tooled to raise prices, and that taxation tended delayed the House beyond the time he Lad intended; but the Mime adjourned at HALF-PAST ONE O'CLOCk lit '
mall capitate." It nag, however, by the large ihe could not suffer his mind to be carried away by the Monday neat. --sp.---.......
;stayed that the improvements in manufactures gloomy view the Learned Gentleman had taken of the state
brought about ;it wait by the large capitals that of the country. If he had been told that any country he FOREIGN INTELLIGENCE. .
tad been introduced, and that the WLeeel ;We jet. I the woad was in a hopeleas and desperate co•Mition, and
. —........—_
in the machinery had been made, which haul m that a violation of public faith was loevitsble—if lie saw in i
led the expense of productiou, and consequently I the same country no tocreasing revenue, •bundance of ea. PARIS PAPERS.
prices of the articles. This, therefore, was an- i pital, extensive improvenietits carried on to an extent
...,_,..
ruttion of the effect of taxation. The Ariallend I before surpassed—if he saw moreover, the growth of popu-
aof the Hon. and Learned Gentleman were not t lotion more rapid than in any other country. lie should say, PARIS. FEBRUAIIY 12. ) (
denary. In rontraiiing the income and expeodi. 't If then be the symptoms of ruin, in Gaol's Name tell Extract from a letter dated Oleo', Viebitnify 7 : i
ruts
r 1813, halt, and 1815, which lie ehaiacter. toe what are the means of increasing or preserving the sta. ~ •i-u__ soul ,_ • , i
i utt rot of en coneersatioo of -tine,day a4ll
Ate of the ressurets of the cutaway, be hail, in or- Laity of a country?" It was mockery theta to call the con-
out his •egatnr,tliswi'l,4sed a wan in privets life, dation; of the country el•sperate. If after all the difficulties event which bras taken place in this city, owl beetra it
ame of 10,flOnt. • year, and an encumbrance of we haul undergone—all the revere trials we had eudared, great resemblance to the Celt of the ladies 11..cleyiey,,
• chargekor interesekmonettlisg to nearly the same and all oar struggles had been brought to • successful soul at Marie. An English young lady of the Pratestaut
retools would he obliged to lay out neatly the I happy termination, we were in a moment of despair to religion come to reside at a boarding kilos tit tti •
- ,it ot
income is maintaining his credit ; and that he violate our engagements, by means of which (as had been •. i ,- • ,
d the Roma C .--
city, where bile embra.ce e 0 ....eihertw 11:41;.
c I.eiser,rel view of floe condition of this ...will ry, properly observed in the Speech from the Thermic), we had
goon. The mother. iipp.rated of the event. cause to 11
AIM at the state of the country in 1813, 1814, been rowel to the high station we filled in the eyes iii Ea.
he was surprised how he could compare the rope, he should implore thane houourable wife in cooinara seek her daughter. but the latter mark her escape; ...
the loran. of a coiwitry tangling for its ex- lion with whom he had the hoiloar of acting, out to give and took refuge to the house or a citizen. The age .
at, indeireedent Ratioik, by the rules which ' their aid iii its destractlou. Ile would conjure them by the sod name of this Eqglibh young lady, and ahro lire .
• t
,
et.
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