The British Press; or, Morning Literary Advertiser.
London, England, 1826-02-03 00:00:00

go on. The notes were not Issued with a view en profit, but for
public accommodation. Under those impressions be hoped the
House would ;nose before they would be influenced by such
animadversions as they bad heard that night.
31e. III:SKISAEsi said that he did not intend to say that six
months would be sufficient for the country bookers to cline their
account,. Ile only meant to say that in six mouths they would hose
time to look about, to collect their debts, and plate their affairs an a
train of settlement.

Mr. GURNEY made a few observations to show the danger anti
inconvenience of reducing the Issue of bank-notes. Ile said, by
reducing the paper currency they would bring themselves to the
situation they were in during the year 11121, when they were driven
to the necessity of returning to cash payments. Ile was not aware
of the prudence of such a course when gold was now sold fur
SL 17s. Initi. per ounce. Such measures wetiM inevitably reduce
the country to the lowest state of pecuniary embarrassment.
IIIiN3I.IN hoped the eulogy which had 11.:en so lavishly
bestowed upon the Bank Directors was as well deserved, by the
tkillilinent or their duties, as it must have been gratifying to those
gentlemen to be so eulogised. If they And not PO performed their
duty they would have to answer for their negligence to the Pro.
pnetors ; he watt, however. very glad to see the balance between
the House and the Bank was so well settled. The Hon. Baronet
who stood up in defence of the Bank, and who repr•stented its *pl.
nions, showed much feeling, and he learned more fmm the tone of
that Hon. 3lember, than he had from what he heard. The Chancellor
of the Exchequer disclaimed ear eonnesion with those matters
that could attai.l blame to him. It reminded hint of an epigram
of Prior's—

" To Johp I owed an obligation,
But Johh in booth thought tit
To publish it tool' the me ion,
So John and I are quit."
Re said he could net moral that be felt much surprise that no allu.
sion whatever but been made ie the King's Speech to the Corn
Lain; he did expect that that sttbjoet would have been introduced.
The Hon. Member for Coventry pledged himself to bring forward
that qiiestion, and he sincerely toped that a pledge. winch would
be it such great importance en the cnuntry, would be redeemed.
When tbe Principles of tree trade had been adverted to. and so much
attention paid to that aubj-et, it ~was at a matter of no import-
ant', than the price of bread. a neceelary article of food, should be
notteken intriconslderatitni ? If they allowed an unlimited cum.
petition in that article, It MOON cant misery and distress among
the poorer classes. At present 3 Isbourlng man could obtain but
six or seven shillings per week to support himself and family ; to
raise the price of that article must be n serious injury to the poor
man, and to pass over unnoticed that subject, and to allow foreign
competition in other articles while the price of corn was upheld,
because it was R3VIRIRgCOUS to landed proprietors who were mem-
bers of that Holier, was In itself a most cruel hardship to
the poor man. It was. nothing else than to benefit the rich.
man at the expense of the poor. There was much anxiety
on this question throughnut the country, which was proportionate
to the exttnit of. he distress that prevailed. He knew !bat
distress did prevail to an extent of tir....tch he was sure Mini
were not aware; they would have petitions on their table (relative to
this abject), not from wealthy and reepectable persona, but from
those poor people who felt the pressure of distress and the full ope-
ration of the Corn Laws—anti who, from those causes, were in a
state of starratton. fie thought that part of the King's Speech
which adverted to the banking !system a mere decoy, to attract at.
edition from the misery and distress which were spread over the
euuatry, anti to shift the cause of that wretchedness to any other
source than the real one. 'With regard to the circulation of bank
notes, every one would consider irmore convenient to take a sum of
money in teu.pound notes than in sovereigns: provided there was no
compulsion used to force people to take the one in preference to the
other, the metaltc coin would be preferred to the Bank notes. In
that view, to account for the distress of the country It was matter
of indifference whether the fault mite with the present Govern.
matt, or that which mellowed atfaira thirty years ago; and he be-
lieved it had its origin IS far back as that period. They had no one
to blame but themselves ; this distress was not the consequence of
a f*Mine; it was not a visitation from (hod that produced it, but
theft own Acts of Parliament. The advice held out by his aide of
the House was to repeat the Restrictive Act, and so reduce the
taxes, but Ministers had taken en opposite course, and had ,
reduced the country to its present state. He deprecated the pre-
sent lavish expenditure of money which had marked their way;
be sighed after every guinea that had been timprovidently ex.
',ended; he wished they had back the potation which had been
granted to the Duke of Cumberland, and that lie could recall the
immense sums which had been expended in building churches.
which be could not look upon in any other view than as a waste
of money, when be reflected that so many persons were in wsni
of the necessaries of lite. If they raised the price of corn, and
the poor artisans were reduced to seek parish relief, who was to
support them ? When be knew, horn die best information, that
distress was extended in some districts far beyond ordinary misery,
it was his earnest prayer that they would not allow the question
to sleep, but that it would be brought forward and pressed upon
the consideration of the House; and let it newer be said that
laws were made for the rich to the disadvantage of the poor.
Mr. Alderman NVOOD then thee made a few brief remarks,
recommendatory of free trade, and Professing his confidence that
that the skill acd Industry of English artisans had nothing to fear
from foreign competition. He said that the extension of the
principle, of free commerce to the corn trade would secure them
a fair and equal charce, inasmuch as the value they could give
was in labour, and. in proportion as the necessaries of life were
reduced in value, the price of labour would be diminished; and,
consequently the produce of that labour could be disposed of at
a reduced sate.

The Address was then put and agreed to.
The House adjourned of Ecinenx o'CLoct.

PRICFS FOItEION
Austrian Bonds 9,11
Beano' Ayres Bonds 67 6
Caiombiau Bonds
Ditto floods (1824) 0 84 jI 11
Ditto A act. 91 84 4
French Rants& per Ct. VW:
Exchange 25f. 2U..
Oreek Bonds(1825) 18 16; 18
Ditto Acct. 111 4 16}

stocKs YESTERDAY.
Mexican Bonds
Ditto Bondati&6s) 67 I 63 7
Ditto Acci. 67 it q 7
?erosion Bonds 12 41
Prussian Bonds 93
Ditto Bonds (11122) 911 II
Russian Bonds 843
Spanish Bonds 113
Ditto 610, 12 11