The British Press; or, Morning Literary Advertiser.
London, England, 1825-03-17 00:00:00

PARLIAMENTARY INTELLIGENCIe.

F

HOUSE OP LORDS, WIDOOSIOAT, MARCO 13.
ri: Philli:sore sod several Members frees the House of Com.
moos brought up • Manage, requestiag their Lordships would be
pleased so grant • Copy M the evidenee takes in Greee's Divorce
coos.
The LORD CHANCELLOR informed the Douse of Com-
mons-that their Eardebips would avid an answer by a Messenger
of their own.
Mr. Brogden and several Members of the House of Commons
brought up the Assayed Taxes Bill, the Imperial Gas Bill, the
Alliance Insurance Bill, and the Attorney Clercs Certificate Bill,
which were read a first time.
Mr. Pitt, from the House of Commons, Lrough: up a private
Bill, which was read • first time.
Earl GROSVENOR presented a petition from a person named
John Gale Jones, praying that the (louse would put an end to the
cruel practices of bete-basing, badger-baiting, cock-fightieg, and
other barbarous sports.—Laid on the table.
The House then adjourned.
HOUSE
HOUSE OF COMMONS, WSW:EeI:OAI , MaltCis IC.
.
An account was presented from the London Deck Company,
*Owing the sum to be ezpeoded on the new won't.
31E fROPOLITAN WATER COMPANY.
Alderman WOOD presented a petition from the Brewers of the
Metropolis, against the Metropolitan Water Works BBL—Re-
ferred to the Committee. The same Honourable Gentleman pm.
steeted a petition from the Hampstead Water Works against the
same Bill.—Referred to the Committee.
NT. KATHERINE'S DOCKS.
Mr. S. AYH ITBREA it presented a petition from St. Botolplt's,
Altlgt:te, against the St. Katherine's Docks Bill.
Air. Alderman WOOD presented • petition from the ir.habitante
of the precincts of St. Katherine's, against the St. Katherine's
Docks Bill.:—Referred to the Committee.
EQUITABLE LOAN BANK.
Mr. Alderman WOOD presented • petition from the Ward of
Crlpplegate agabist the Equitable Loan Bank Company.—Laid
Ott the table.
Mr. J. SAUTE' promoted • petition from 900 householders of
liVhitechapel, Mile End, and Stepney, in Savour of the aforesaid
Gasman y.—lesid upon the table.
Mr. S. WHITBREAD presented a petition front St. Andrew's,
Me3borm against the Equitable Loan Bank.
Mr. LAM BTON presented a petition from the Tanners of
Bermondsey in favour of the Equitable Leen Bank Company.
Mr. ORD presented a similar one front the Silk Wearers in
favour of the es Company.—They were laid on the table.
METROPOLITAN FISH COMPANY.
Alderman WOOD pre-sental a petition from several persons
connected with the Fish Trade, against the Metropolitan Fish
Company.
Sit E. KNATCHBUI,I, presented a 'rtetition from the Fisher-
:men of Greenwich against the same Company.
Mr. J. H. CALCRA FT presented a petition from the owners of
fishing vessels at Deptford against the same Company.
Air. CALCRAFT presented a petition from the Fishermen of
Gravesend on the same subject.
They were referred to the Committee.
Mr. J. SCI ITH presented a petition from an individual named
John Peacock, complaining of the conduct of thee Corporation of
Dublin in levying rates upon the inbabitants--Ordcred to lie on
the table.
IMPERIAL GAS BILL.
On the motion of Mr. Alderman WOOD, the Imperial Gas
Bill was read a third time and passed.
THAMES QUAY.
Col. TRENCH brought in his Bill for making a carriage reed
on the Bank of the Thames, from Craven-street to Blackfrian.
On the motion that the Bill be read a first time,
Mr. CALCRAFT declared it to be his intention to take the
rinse of the House again upon the second resdine,_
PATENT BRICK COMPANY.
Mr. RIIOODEN presented a petition from certain persons, pray.
Jog for leave to bring in a Bill to Incorporate the Patent Brick
Company.—Referred to • Committee.
WESTERN SHIP CANAL.
Is.r. BENT presented • petition from Sidmouth in favour of the
Western Ship Canal.
EAST LONDON RAILWAY.
Slr E. HARVEY presented a petition from the East India
Comperty in favour of the East London Railway.
Mk. ELLICE presented a petition from the Householders in the
Commercial and East India Docks roads against it—Laid on the
table.
CHELTENHAM THEATRE.
Mr. HODSON moved for Inn to bring in a Bill for licensing
the theatre of Cheltenham.—Leave granted.
KINGSTOWN RAILWAY.
Me. TALBOT presented • petition from the inhabitants of
Dublin in favour of the Kingstown Railwsy.
PASCO PERUVIAN MINING COMPANY.
My. r;RE EN, in moving that the Paseo Peruvian Mining Cont. '
pat, Bill be read a second time, said, that he maintained, upon the '
authority of Humboldt and other men of science, that this was not. ,
as it ha been characterised a vain and idle speculation, and that if
it was sent to the Committee its supporters would be enabled to
prove all they had asserted in favour of the speculation. Much ig-
norance prevailed upon the subject of this Association, and, as • I
of 2t, he would inform the Hcuse that he had been asked se- 1
' slge:ohpepthoser:teit(tdr.nic:at sde5derivestos ..„ht!eir,n3wehofm.,,ins an Honourable
of its supporters. A Select Committee would give an opportunity I
to explain the grounds upon which the Company founded their ex-
• tons, and dispel that ignorance which at present prevailed.
JI e did not however acknowledge any right in the House to pre-
vent indleidnals front hazarding their money in any speculations
they pleated, provided that their speculations were not injurious to
the public interests. Considering that the present project would
yield • fair property to adventure's without any such injury, he now
moved thst the Bill be read a second time.
Mr. HOBHOUSE—Looking upon this as the first opportunity
of denouncing the spirit 'of gambling which now prevailed
to such an extent in the country, would trouble the House
with a few observations upon that most delusive project
which was now brought under their consideration. To rival
speculations on the Stock Exchange, whatever objections as an
individual he might entertain, yet he would not interfere with
Mem ; but let the projectors of these schemes confine themselves
to the Stock Exchange—let them not come to Parliament to look
ter Rills. (Hear, hear.) It the delusion had been confined to the
Eachange he might deem it an intrusion to interfere with the spe-
culators. though he might condemn the speculation ; but when
they come before Parliament they must abide the judgment of Par.
Lament. They had given to the public two prospectuses and •
pamphlet, and to these in the course of his observations he should
hare occasion to refer. If they merely desire to embark their pro-
perty in mining, there is no obstacle to their doing so. They
want no Bill for that purpose; but if they do require a Bill the
Legislature has a right to examine into the grounds on which they
require it. He could wish that this Company had imitated the'
simple of one, of which an lion. Friend ot his (Mr. J. Smith)
was a Director. He could wish that this Pasco-Peruvian Com.
pany, like that, had sent out Commissioners to make their report,
in ceder that the people at home might be assured whether the
scheme in which they embarked their property was well founded or
not. One reason, and the lea ling one that induced him to
make a stand on this occasion,was, th.it he had learned from sources
ef creditable information that the money of men in the humble
and middling classes of society—their hard earnings—were daily
withdrawing from the hands of their bankers, for the purpose of
being applied to the various schemes which were projected in the
att. Their little all went to support these projects, and were sunk
in lhati. The lion. Gentleman oppoiate (Mr. Green) had indeed
susid„ that the only object of the Bill was to apply for and obtain
pewees to Me and to be sued. This was very well in appearance ;
bet this was not the fact. The fact was thia,that the Paco-Peruvian
lining Company sought for the sanction and authority of Paths.
=CM by. a Bill, in order that the public might have greater con-
fideacean them. Let the House. therefore, consider if this Bill
were mused how many more Bills of a similar kind would be pre-
sward to them ; it was,thetefore,expedient that if the continuanceof
them was not proper • stop should be somewhere made. The Hon.
Member (Mr. Gran ) was desirous that the subject should be referred
to • Select Committee; but he (31r. 11.) was of opmion that • more
satisfactory mode of investigation was presented by a discussion
of it before the whole House. On the part which he had taken
Much misrepresentation bad gone abroad, both through public and
panes channels. The effect of this misrepresentation had been,
that intimidation had been held out to him. To those persons who .
held out that intimidation he would only say, that they who put it '
torch little understood what 31embers of Parliament war. On i
the de ails of particular topics, differences arose frequently amongst '
them ; but upon this he believed they were unantinoue, that they
would
not by aim menace be bullied into a departure from the dis-
charge Of that duty which they owed the people whom they re-
presented. (Hear, hear.) Sure he was, at least, that the course
wedett be should that night adopt would not in any degree affect
•.:12 basest pecuniary. interestsof any persons. (Hear, hear.) The
oi,te't of the opposition which he now offered was,to apprise persons,
who bad net equal opportunities of judging which that House
I, of the foundation of the means which this Company P:dlif.!tedirlising the projects it put forth. He would now call their
aseetion to the nature of the formation of this Pasco Peruvian
Company. They commenced by stating their capital to be •
Million. Suppose the number of original proprietors to be
fifty, each proprietor, therefore, took two hundred shares, at
61. a share; the deposit then was 1,005)1. The plan bad been before
bathed in the Stock Exchange, but on the appearance of it in
iha_market, a premium was demanded of 161. on that on which 5/.
et,seu originally advanced. Suppose a proprietor, then, to sell Cd
shares, be has realised not only the original deposits, but also the
premium upon them, to the extent of a greater sum than that which
he has beet obliged to pay fur the whole number. He has, there-
fore, considerable profit from this rale, and yet has one hundred
an 3 thirty-four shaves undiapased of, from which he might realise a
mcatles profit, and all this • ithout the risk of • single farthing in
ascertaining whether the scheme would be productive of real profit
ur not. He would not occupy the attention of the House by
=same the puffing and disgraceful advertisement by which it had
beau sought to sustain this Company. Neither would be refer to
4k• enormous profits which bad been obtained on the Real del
Moots Mines, the shares of which bad been raised to a profit of
'mimes 6001. 'wad 7001. On this scale it would appear, that this
r•
.4101Plitly , on the supposition that it consisted originally only of
*taosenthers, might realise a sum to the actual amount of 80,0001.
i a tingle or the "lightest risk of a shilling of property ; but

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