The British Press; or, Morning Literary Advertiser.
London, England, 1819-06-22 00:00:00

shilling,. and one shilling in coin, were equil to a
▪ inure Apr.)—He was happy diet the
Noble Earls opposite did not then ought indulge in
A topic toe mnfb used on other °contests, muuely.
on dine of the Directnesuf the Batik of EsNxirsol.
Wilt sespect to those Gentlemen. he thought the
..gaeoiao nut sense% mistintkrstood, In his con-
atietweeitte,believed, dist the Direetties "ant mo-
dems( thent:erherinelte difficult sod &lector deity
vtte, which they "MK intrusted, in a manner very
much in the advantage of the eomery end ter their-
Asownwillesue. They. were Owed tit a -ornyftbeictilt
sittlistion—owing much, on our hind, to the coon.
Aty. the whole currency 'of which was intruoted to
their ffiecretioe--and owing wench, on the other, tie;
their prektetors, where personal interests were con.
tiled to their care. In this dilleelt snorting) they
bad to determine tin Ilse best way airy could veil to
eremicile seinewlest emifitetisig harmony. and in this
they acted iii a manner me wily *belly tree from re.
preach, hut in a Tanner that 'limited the highest
commendation. This he thonglit it Heresies y bossy,
Isecaose when this sabject was last under the omen
newton of the Howie, meth censure heel tees
thrown out on this body of men, which he win shme
unable to answer, sod which was shoe, repeated I.
untwher phew. to a manner very glitigraceful he
these who uttered it. The Noble Eerl time ad-
noted in the price of gull. sold entered into souse
very re, 1111 l e caleulations, to *hew nod the Mint ie.
gide, 1111 l • with respect to the silver convex, moot ex-
./mire such an enflamed eat Kohl in the home marker.
rto drive ell the gold roinage out of the cothitry.•
A he Noble Lord opposite (Lee] Liverpool) had out
a fertile( night admitted, as indeed hod the Noble
President of the Council this slight. that if the
gold mid silver coinage were 10 circulate freely,
mid to Hey amount desired by the public, and that
if in Such a cattle a seigeorage were to be mitre from
silver, mud not t.ken hem gold, I I, 00111011 S most
then be trite correct, and the Noble Lord at the
bead of the Treasury confessed that such a system as
sees How proposed, had never been erinthlithed in ally
other country us the wend. 'Such bring the can-.
the Mew ought to require some explamilion of ,lee
miale 1.. which this system may be expected in ape.
rate, such as would remove the strung impression
• which Its very novelty moist excite egeituet i•. If
...file Noble Lord% have any explanation of •the cir-
ctitust.isee 11 seas cruel of them to withhold it, and
if they have not, they were tie entitled to ask the
• Concurrence of the /COW HP their proposition. thew
• keg argued this iguestiow before.- he was
unwilling
1.11/ler to evehensio it again at any length. but lie
!veld titit,lllll inking how it happened, that, siu.ce
• the year MA *lien three Mint regulatinsis were
first established. the foreign 'imbrues, tome been
against this conittry with respect to geld. and in
favour of this country with respect to elver; how
it happened that gold wits uniformly exported with
minutiae, u.d silver for the greater part imported
with adviiiitage j On this 'object he hod already
placed has opinions (thank God the Couseetutioe
.so leo-untied hint !) on the Journals of the {louse,
-and us, the arguments therein contained, lie was
• latisfied to ere this question. So much fur this
• esolist..The other mein touched on this eight wine he
• seas reedy to celifess, one of 00 Iris importuner. 'f he
•Nohle Lord opposite vitt, it .sews now orressary to
establish the it koariefs of the tensityy on a Sins foot.. •
inst. 0.1 this i,nint he might rebeetly he thought
to esqvcidits singetae °Mellows. It war, iti his view
of elh'esutsject, idle to think of teteblishing a milk-
ing fond for the pay uncut of the enormous debt of
the country. and sinechievoue to do so by the irn-
whiten' of new taxes. Its all the milking funds
ever formed. hr pryer behave this knew of any that
we. roaldislied by the imposition or new Nene ex.
entente winch was formed in 1706 by Mr.
Pitt. The osinkssig, filed created by %Vslpole was
• formed by the reduction of intereet of the debt in
the lir"' I"SialiCe• from 6 to 5. per cent. and
in the recited from 5 I. 4 per cent. The Dutch
welcome fteitli the tiro ever crested its Europe, was
f not 11 by the ell MI6 of revenue over expeedit tire,
but DO sues INV.* were impassel solely for this pm-
pwwr. Tit. N Lord then observed, that in cow.
requeece of the secant Mint reguletinus, • greet ad-
irentsge was given to die fuaid.holders, aid it was
strange, after the grouting thrum this tossisolost
ern taxes should be ~rated .flirty fur their interest.
hi• we• in itself Ms act of injustice. Additional
burdens were previewed to be laid ippon the *gel.
culture rod menufteetores of the c pantry, for the
been fit of those funtblwilders to whom such an ed.
esteem, hail islready been granted. Bust selling this
consilleratien aside, Ise thought the ettahlit.lotteatt of
this new sinking field highly iejudicitrus ill ihr pre.-
distressia combine'. Of the. country. Nis souls
could forget the distresses of 1816, end now content.
plate the wretched state of the no: 1111 l fActurrrs. brat
must tremble at the idea of imposing 1111 l et taxes
to the esitotteit of 3,000,00014ms:1 people already bur-
dened beyond their strength. The- Nubile Lind
opposite (Loyd Liverpool) seemed to thnik the din-
tue.sed state oh the tummy greatly esaggerated,
and that such as it was, it Meet 'hid tothe opera.
lion of natters% canoes, sod that the foreign ex-
etwesets would vet reguLte themselves that the
pier of geld would be diminished in the minket
zo the Mitt price. In this he differed vs.
Irrenrly from the Noble Ltard, end his belief dirt
that Old Noble Lind mismiderstood the real state
of affairs; uod that this was perhaps the period the
least proper for imposing new burdens. Were the
e.venee even-of the country considered, the Nubk
Lord ought to hate desisted from stew burden*.
and he entertained fairs that in the next end
sineterling years the resist would not chew au in-
crease of 6,000,0001. in the receipts of the revenue.
The public mind would thus be exasperated, with-
out obtaining any advantage to cuietpentrte for
sods en evil. Had even a few years longer been
Suffered to elapse, the state of the country might
be so much improved as to endore with less Minty
• the establishment of a sinking fund. if such were
really uecessery. He denied that the public faith
was in see degree pledged to the politic creditor.
and concluded Smite further observations on this
point, by extorresiwg his gentian concurrence in the
sentiments on this point entertained by his Noble
Friend he filsequas of Liesselowii).
The House thee. r. solved itself nits • Committee
on the Bill, It which the sersrol clauses were
'Jested io.
- Lord flot.t.esu sold, that he concurred gene.
ralli w skis Bill, but . there were some parts of it
irshicuu ro bas opusion might be very much improved.
.11e therefore booed diet he should not be consider.