The British Press; or, Morning Literary Advertiser.
London, England, 1821-04-10 00:00:00

11ir

set el I. bbd'_lettelleteskima .yrime the., .
whieb they hem ta Aiwa. at . Ombra to ecisamees.
time - as. it, ma), tbet•dwei mie hi ptemotim fid • -
weesereartethoonsineefmmeyi. . Unkethls. . '
need-6mM. she iharthere Was an thing.inile l ,
il
coMemsdity, labetv, to. maks . it.elifirmt.freim al)
other ememetftties.- he meat thiniss,fettesAlm-quarm..
Idris them:make that it vasied saapsieirlye if net
Move.quieltly, theses, ether-commodity. • He ads
'gritted- deaf -by 'ltems the Tillie of-money ',, •
.ehoorted 'the diatributihil otthe inceme. orthe wiellba.
TT; tar mremph if. rest: were Ilited..t• be:lnitial
euseey. the tease Sights para.leistee sumo finals,
bed eisatmeted.fei. ' The tastes id asanhind'were so
varies, that weds • change in the distribution
of the incolse_of the country, there asightpoesibly •
be.a.l)oB of particelar maiteedities not adapted
to the tate- of Ikea who• had acqeired Ave power
of-calreseeptiosk If a cietitinv produced 'es much
sepses cleft dweinsal;'and the aoppositiots were
true. lb:it:the Ibbessekro, had acquired the power of
ceseemptios, it weapet *hkely they wosid be de-
mesiders tea repaelies clash, sad- that article aright .
theeelsee• fall: eadelyo-IfAlne.j..-.-Ttiere MOW
tbsiebeearefeseltef es essusediry, end tee Itttle sr`
side*: .Th 11411:'.111119aber ioi Ca tea talked:.
" et liir: Illaisie Mat beart,easersol. with fallaniilla
about- iimpastatima. from. !reload said abendmit-
hervestito and holds it impassible to modems such
effect from such trivial calves. But let him look
to the prise of corn, and see the frequent variations.
during the last titulary.. He would dad it impos-
sible to coonect those great and frequent changes•
with the varieties of- the currency. Ile (sir.
Hit:midi) believed thatithe state of 'prices Ares owing
to these cameo which be bed derided ' • he believed
the lee peke off 'mot/WM owing to the importation
reads Weed asellime the last productive harvest.
Every mie Meet kturram of the effect of aboudsuce
in each an article is corn. No man could ate
brewed a mist gamete, of- breed. Besides
which the pries or cern was still so much higher
with es than in mkt menhirs, that we had no
eutlt4 lie it. If there were a variation in gold, we
bail it in commas with-other couutrieaof Europe.
The Honourable Member foe Tauntoni had spoken
at-greet• length se the depreciated commodities of
this country : bat had net commodities also
fallen in other reunifies ? Had they not fallen;
in America, in Spain.and in Gerona'? If they
hied„ then it was to m. attributed to the alteration
in the metalie currency, over which.lie had nevus-.
trol, sod it was sejest to lay it to the measure of
1819.—(Hear, taw. hear.)
Mt. He sow GOIIIIBT conceived that the die-
trees originated in the change of the standard.
Mr. ELLIcs perfectly agreed with the Hon. Mem-
ber for Taunton in the effects which the measure
Iced produced throughout the country. It was no
sew opinion of his; he was perhaps the only per-
ten in tine House- who thought that Axing the
standard at the lowest point of depreciation would
went Ism injustice than raising it again. to the
-- iniadled if Si. loss iehd. per mace. It :.was
bitneutabie to observe how the public were trifled.
with by the vacillatiug opinions of public men.
After we had almost attained a metallic cur-
rency again is 1817, after sustaining great
distress in 1814 sad 1815, a greet neve of paper
then took place, and during the whole period of
the issue, half a million of gold for exportation
was also issued monthly, to the amount of seven
millions. What be complained of was. that the
Committee then bed not looked to the effect of that
issue of paper hi ether eimsemilitieo sot well as gold.
He bad greet doubts how he should deal with the
prerient motion, foe although he agreed with the state-
:mots which his Hoe. Friend (Mr. liarima bad mode
of the evil affects of the measers, yet he could net
bet recollect that these efilrets had already been
inflicted in several of the great interests of the
country. In 1816 a west mercantile house had
36660004 in their. tradse.-which, without a single
bed debt, had been dirpreeisted to 120,0901. The
faratiug• interest bed else suffered, so the. Hesse
'night judge from the Petitions on their table.—
There was one pant of view in which the question
had not been considered: it winithe politica& sites-
ties) in which the monied interest would be placed,
as cothpartd with the landed. interest. By the last
returns to the property tax. 37 millions was the
:mount at which the landed interest was rated, and
itli.millieres the landed iuterest. Now auppooing
that by the depreciation rent of land me reduced
vue lull'. 20 millions would be the amount of the
landed interest, whilst the monied iuterest was at
at milliess. He wished to look at the effect winch
ibiaailent revolution would have on the political re-
lations of the two interests. In the late proceedings
against the Queen, at first the monied interest
were fivourabie to her Mojeste's cause ; but when
the people becetne ii ritated, that inteieot which had
linen &posed to blue the Government turned
round to face the greater danger, arising. from the
irritation df the public mind. He stated this to
chew that a full knowledge had not yet been attain-
ed, of the effect of the measures pursued. - As a
Member of Parliament he should *limy' desire to
support the public hnuour and credit.. He con-
cluded by declaring he most submit now to that
which was forced on him in 1819, and oust oppose
the monist -of the Member for 'Taunton.
Mr. PSA al II opposed the motion of Mr. Baring►
the considered that the failure of the attempt to
goons to cash payments in 1817 arose from great
foreign loans in which individuals were concerued
in this country, and also from the large import..
lion of corn which then took place.
Mr. 'tiring considered that it was not the plan
adopted, so much as the apprehension of it that
caused a great part of the distress. He should have
been glad if the Committee now proposed: were •P•
pointed, but that he feared the evil" rteulliag frit*
alarm sod misapprehension. .
Mr. Cetera said, he now understood the public
were net to have the option of receiving sae pausal
notes if they preferred them. fie thought if the
Bank had .eausse to steak a reseletiou it was highly
iujudiciona.. - . 4, -...,
Mr. Psis*, 10010. Abe Hen. Member that
no such reedation id ken come to by the Bank.

7.r!WWI

..aseasers•
Art of the eseetry, ..,
"4".6"'"•11•1101 **Ms He.sboeid. therefore,
"
the motion of his Hon. Friend, Mr. Bmieg.
17111ni Petra opposed the motion. Whew
the NehisiXotrd attributed the.tall is peeduee to the :
chew is
,thelmneogy,. he woods/ad hew he se.
aretuated Ser the foil of .ge per cent. which had taken
place in core within the lad Moe months, whilst
the curry/ley had oat changed at alt.
Mr. 'attest .etplaieed.
Mr. T. Wilson thought.that great good wail/
rasultloses the appoistaseet of. the. Committee. if
they eagle to the case tooreleitien that the former
Committee bad, the country wottld be better sista.
. ~
fled than it was at present.
Mr. WORKROOMS disclaimed being attested k
iguoreetjimysitiessce of distress, .but
to the moose.
Mr. HART DAVIS supported the motion.
Mr. Attie/ease Hgestseg agreed with the N
Lord (A. Hamilton) that this questioq • would f.
itself on the Hotter, beeenee, let it lie disguised se
it would, the alteration el the currency was st the
bottom/ of our' distresses.. lie celled upon Guide.
men to eoesider if the melte millions of gold DOW
is the ware of the Bank of Ruglasid were issued
1' to ce the notes now itlcircuiatiou in what sia
loalliFathe Bank would bud itself in die case of a.
&Gies' harvest. Were the itgriculturuita, he
would ask. prepared to sanc.tou a measure which
would have an effect on their property far more
Berton* in its conseeissences than all the taxation put
together ? He wasewsre of the niconveuiences arising
from the number of forgeries of Bank notes. and that
the Bunk was . maternity anxious to issue gold in the.
place of its notes, in order to save the expense end
trouble of prosecuting, and the odium cast upon it
in consequence. But these were things of trifling
importance ; although they might thereby lessen
the *umber of. forgeries, might they not. increase.
the number of burglaries, highway robberies, nod
;other crimes, which had become touch less fre-
!spent under. the Batik system ? f Loud cries of
'44 Qoestion .0')
The House then divided on the question of. the
(Speaker's leaving the Chair—
Ayes l4l
Noes 27
Majority
1 Oti our return to the gallery we found the House
t illiCoaunittee. •
After a few observatioht from Mr. Banino.
HA. %V. Pout. and the
.CHAIWILLOS of the
Btceassusa, the several 'aliases of the Bill wes
reed through and agreed to.
The House resumed, and the Report was ordered,
1.. b. brought up thicdsy.
The Order- of the Day was thee reed, for the,
Hasse ping into a Committee on the Bank or
-Ireland
Cash Payments Bill.
Mr. Cagnetta. wished to know, whether there,
was. any truth is the statement which he bad
braid, of so oppliostion having heels made by the.
Book of Ireland fora 'enemata, their Charter—
and 'heft" .miy• negotiation we. .noel peuding
on that • *object? also. whether any application
of a similar nature had been made respecting the;
Berk of Evgland ?.
The CUANCILLOR of the EXCRIOURR said •
few words atlas the table, wttich we could not
collect. . r
Mr. Hums hoped a satisfactory answer would km
given on a subject which was of such great public
importance. When the negotiation was gone int*
it would be too late to interfere.
'The CHANcIiLLOII of the EXCHEQUICR said, the
Moth.Geast lemma moat be aware that boiling of the
I,dere could be concluded without the sanction of
' Parliament.
Sir H. PARNELL said it was clear to him. from
the manner in which the Right HOll. thntleintin
availed the answer, that there was Tome truth hi
arlion. He could not help thinking that
r the evils which now aiHicted the country
likose out of the Bank monopoly system.
'-• Mt. &tango did not know how she money haul-
melons of the casuistry could be massaged but by
a chartered notional Llaisk. At the saute time lie
thought it absurd to talk of veitewing a charter
which had eighteen years to run.
Mr. 11. G. BENNETT hoped the Right Hon.
Geutleinan would ease their minds by a store direct
nosier ou the subject. As to what had fallen from
the Hon. Member for Taunton on the necessity of
the Batik system, he must beg leave to say that
lie could not but look upon that system, with its ap-
paratus of bootees, forgeries, anal hangings, as one of
the greatest mischief* with which the country was
'addled ; and lie 'Protested against the negotiation
which it was, he thought, too evident the Right
lion. Gentleman had entered into with the Batik of
Ireland.
' Mr. PIIARSR deprecated the manner in which
the Bank laud been spoken of by the Hon. Member
for the Queen's County. lie had cwt yet heard of
may conimonication being made about the morsel
MI the Bank charter. As to what had' been said on
the subject by the Hon. Member for Shrewsbury,
he believed them to bethat Gentleman's own indivi-
shad 'aviation*, and he was perfectly welcome to
them.-19 Laughter )
' Mi. FRANILLAND Lewis was glad to heir of the
imitate' for the renewal of the Charter of the Ben*
of Ireland; be thought it might be done on term
highly advantageous to the interests of that countryg
mid when he considered the satisfactory nature of
the plan aduptrd by the Right Hon. Gentleman
respecting the currency, he felt inclined to look
with coulidence on his intentious with respect to
the charter of the Bank of Ireland.
The CHAO czLioß of the Excuse uga said. they
had already. beard !'rota an Hon. Built Director.
that no communication lard been made with respect
so a renewal of the Charter of the Bank of Rug-
/sod; sod if there were any negotiation going on
with respect to the Bank of Ireland, they ought not
to muss away with the uotion that any arrangement
would be included prejudicial to the public iu-
-1 tereins.
The House then went into a Committee.
Mr. Giteurgt.L contrasted the conduct of the

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effitt: It .1144 larifil greed dace lat.iOstreti,*; tee iskaoirludired het,- theogli he
cold 'not be. get.to Ctolge lo Iwo.* 'Their. ttttre tangly lifilbstit, 'that be was beesd
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of the impose of. the Ho ohoolirews HOW% .wMth doctored that there was oo doaratio_
pk.ord it doer were wok ttaA. but he mill' tie.. as: *sett m the _vicasitto a help had
not betieve that the latiotatis aoy Cabot Piiefd se hardly ma" pail of she costitry, it w..
set of urea holm raw* gliataltati Stristie.94*-44.117 iTrap, flooloofid. therefor:.
. •• As se