The British Press; or, Morning Literary Advertiser.
London, England, 1826-02-28 00:00:00

TO.MORRO%V.

I AND J. SIVEWRIGIIT the Contractors' Fare•
OP • well Scheme. SIX TWENTY THOUSANDBI and
Sher Prizes, forming an aggregate of a 4417 A RTER of a MIL.
LION *TERLING, all must be deckled NEXT WEDNES-
DAY, let of March, and Lotteries end for ever after two more
Drawings.
Tickets and Shares are selling by J. and J. Sivewright, the Con-
tractors, at their fortunate Offices, No. 37, Cornhill ; 11, Holborn;
and 38, Haymarket, London ; where they sold
12,478 . . a Prize of - Z 30,000
3.813 . . a Prize of - - 21,035
Besides other Capitals in the last and late Lotteries.

TO-MORROW.
HAZARD & CO.
11 Six £20,000
TO-MORROW.
Last opportunity
but Two.
HAZARD & Co.
Sold Six £30,000, 25,000,
and £20.000 in last
Eight Months, and
ALL the £io,ooo
in cne Lottery,
Royal Exchange, 26, Conlin,
324. Oxford.street, and by Agents
in all principal Country Towns.

CARROLL begs to remind the Public that TO-
MORROW a QUARTER of • 5111.1,10 N sterling will
be decided. There will be no more Lotteries after the lieu Two
Drawings. The present Scheme contains
SIX PRIZES OF TWENTY THOUSAND POUNDS!
Resides other Capitals.
ALL TO BE DECIDED IN ONE DAY, TO-MORROW,
_ .

Ist of 111ARCM.
Tickets and Shares are now on Sale at CARROLL% fortunate
Offices, No. 12, Cornhill; 7, Charing-cross • and 26, Oxford.
sweet, London ; where be sold, within a short period,
4 - Prises of . . L 30,000
4 - Prizes of . . £lO,OOO
And other Capitals in former Lotteries exensding
A MILLION STERLING !

THE SPLENDID SERVICE OF COSTLY PLATE.
UNIQUE DRESSING-CASE, &c. &c. MADE FOR
JOSEPH HA YNE, Esq.
MR. PHILLIPS respectfully notifies, that on
MONDAY NEXT, and following Days, at 12 for I I
precisely. he shall SUBMIT by AUCTION, at his Great Rooms,
New Bond-street,
THE SUPERB AND COSTLY SERVICE OF MODERN
PLATE,
manufactured be Messrs. Rundell and Co., and composed of a pair
of noble oval.shsped soup tureens, covers, and plateaux, sauce
tureens, ragout and vegetable dishes and covers, sets of cruets,
cassarole dishes, oval meat dishes and covers, acts of salts, two pair
of ice pails, table and chamber candlesticks, a magnificent epergne
of elaborate workmanship; several dozens of dinner and dessert
forks, spoons, and ladles ; a tea and coffee equipage, and a dejeune
service; ornamental sideboard dishes. caps, and covers; urns.
vases, and ewers ; a pair of oriental silver filigree pagodas, snuff-
boxes, and a variety of useful items, of a superior manufacture,
designed with great taste and novelty.
Also the unique and costly DRESSING-CASE, weighing toge-
ther nearly
TEN THOUSAND OUNCES,
and an assemblage of miscellaneous objects of elegance, utility

ornament.
Furniture, Clocks, Candelabra, Porcelaine, Books, Watches,
Jewels, Pictures, Prints, &c.
May he viewed four days preceding the sale, by catalogues, had,
at Is. each, at 73, Bond-street.

Wl'w•RitTiltile
appropriate F
- ---
Coach-house and Stabling,
Fiaturea.
LEASE ()F A CAPITALEIQUSE.urnitare
and

MO be SOLD by PRIVATE CONTRACT, by Mr.
JL THOMAS. by order of the Assignee' of John Shaw. The
'louse contains two well-proportioned drawing-rooms communicat-
ing by folding doors, marble chiumey-pieces ; dining and breakfast
parlours, five chambers, a large kitchen, housekeeper's room,
ample domestic officer and cell:ear, with a small garden behind.
The Premises are in excellent repair, completely furosabed, and fit
for the immediate reception of a respectable family.
To be viewed by tickets, which, with full particulate, may be bad
of Messrs. Matins and liavlann Solicitors, Queenlatreet, Cheap.
aide ; and athtr. Thomas's officer, King•strect, Coaess-gardas.

Mr. Spiller, from the Commissioners of the Caledoni-.n Canal,
presented a List of Claims for damages caused in the cchtstructing
of the Caledonian Canal.
BANK CHARTER BILL.
The Earl of LIVERPOOL rose to move the order of the day
for bringing up the report on the Batik Charter Bill. .
The Marquis of LANDSDOWN said he had a clause tQ move
which would compel the Batik to pay coin for its notes whenever
they were issued; bat before entering upon the subject of his
amendment, upon which it was his intention to make some obser-
vations, it would save him the necessity of makigje observations on
another topic, if the Noble Earl at the head of tffe Treasury could
conveniently answer an inquiry 'which he wished to make—
Whether it was true that an application had been made by Govern-
oient to the Batik of England to influence them to depart from
their regular and established system of doing husineas, and to lend
money upon the security of property deposited with or secured to
them ? If the Noble Earl would have the kindness to answer this
question, it might save the trouble t,f any thscassion upon this
point.
The Earl of LIVERPOOL had no difficulty in answering the
Noble 3larquis. It was true that a commonication had -taken
place between the Government and some of-the Directors of the
Bank of England, but no decisien had been come to, nor could his
Lordship take upon himself to say what might be the ultimate de.
termination of the Bank.
The Marquis of LANSDOWN said he could collect from the
answer of the Noble Earl, that at least the opinion of the Govern-
ment was made up on thin most important point—that they wish
the Bank to depart from their usual mode of transactingbuitiness,
and to lend money on the security of goods. Before any steps
were taken in this new course, which he considered full of difficul.
ty. tie entertained a hope that Government would reconsider the
Athject ; and he hoped the Bank would have discernment enough
to see the danger of embarking in any system of mortgages. But,
assuming that the Bank would consent, still he was prepared to
contend that that mode of advancing money was most objectionable.
The Bank should not be encumbered with a species of property
which would not be available in any reasonable time. Such a
countelwas objectionable from its influence on the currency and upon
exchanges: at all events, an advance of Exchequer Bills by the
Government would be a more simple and a sitter course. At the
period of great commercial distress in 17(3, the subject of an ad.
vance on Exchequer Bills by the Bank was brought bekee Parlia.
merit, and at that time Mr. Pitt and Lord Melville were opposed
to it. Mr. Pitt objected to it because it was a species of security
different from what a bark ought to lend upon; and he also ob.
jetted to the time at which money must be lent upon the security of
goods, which could not be well done at the usual period of two
months. But Lord Melville's reason was still stronger. He
thought the difficulties of the times arose out of the extravagant
speculations, that lending on the pledge of goods would only
promote it, and that it was entirely contrary to the usage of bank-
ing. If such were the Mit,012% which prevented a departure from.
the established principles of banking at that time, how much more
strongly did they apply ar this time ! Every man who was con-
vtosatit in commercial affairs knew it was to the state of exchanges
the Bank was to look in order to regulate their issues. What I
would that, be next year ? What might be the effect of a reduction
of the currency? What might be the effect of an increase
in the currency ? Would it be safe to increase the currency
at this moment? If money be lent on goods. theseigoods
might not be saleable, and the issues could not be withdrawn,
even though it would be desirable to do so. In short (conti-
nued the Noble Marquis), the dead weight which it was
complained pressed upon the Dank would be increased by an ed.
ditional dead weight. In whatever light this intended loan upon
goods was viewed, it must be objectionable; it was too artificial a
system. The safest course would be a direct issue of Exchequer
bills. If it be true that it was not want of money, but want of con-
fidence that increased the late panic, what remedy could there be in
increasing the currency ? Would not the issue of Exchequer bills
answer the purpose much better ? The increase of currency would
affect the exchanges, and how difficult it would be to retrace any
steps which might be taken in this way ! Such a course would I
throw every obstacle in the way of a speedy return to a
metallic currency; but no Ruch inconvenience could arise from 1
the issue of Exchequer bills, and nothing should be more studiously
avoided than any measure that would retard a return to a metallic'
currency. Agreeing as hedid with the principles laid down by the
Noble bird at the head of the Treasury. he could not but declare'
his conviction that the intended arrangement with the Bank of
England would be unsafe. He could nut approve of anything
like a manoeuvre, anal be was sure it would place the Bank in •
vortex from which they could nut extricate themselves, and what
was stiU more objectionable, the business watt to be conducted by I
a mixed tribunal. (No, no, from Lord Liverpool.) He was glad
to hear it was no such thing, but in the way the business was to
be conducted he considered it a departure from sound principles
which lie could not approve.
The Earl of LIVERPOOL assured the Noble Marquis he en.
drely misunderstood the intentions of the Government ; there was 1
se intention of appointines eommiasion, but he had no difficulty in
ying that he agreed entirely. in those views which were stated by
Oilw Noble Marquis. Ha would he as averse as any one to any mea.
AIM which would take fromthe Beak a coattol over its own cit.

The Earl of LAUDERDALE would wish merchants and ms.
nufacturers to look to Government, and make their application di-
rect), than. But the object of Ministers was to throw the moron:.
Ithility upon the Bank. The Noble Earl at the heed of the Tres
sury had laid that the circumstances of die counfiy in lan were
entirely different; but he (Lord L.) would maintain that the panne
is a seartoo of deeper calamity. It was his opinion that nearly all
who euffered in the late panic were perfectly solvent, hail not the
general want of confidence deprived them of their usual aceornmn.
dations. It was to the anode by which it was attempted to mumre
confidence that be objected. (he Noble Earl at the head of the
Treasury had contributed to the alarm. In his heart he belleve4
that Mr. Pitt In 1793 was not a more active agent in bringa g
about the miseries of that
_period than the Noble Lord was in
adding to the late alarm. The sentitnents of Ministers, as ex-
pressed in the King's Speech, were in themselves sufficient te
create alarm. The only way to give relief was
.by an issue of
Exchequer bills, but the Noble Earl wished to give advances in
secret. lie preferred trying experiments, whilst he refused adopt.
ing that course which was called for by the country, and which
was pronounced by the most experienced persons as the moat ef.
fecuve and safe course to restore confidence.
The Earl of LIVEEN/OL mowed that tie Report bear:wed to.
The Menials of LAN DSDOWN called their Lordships' atten.
elan to the new clause in the Act, which is as follows
" And to prevent any doubts that might arise whether the geld
Governor and Company, under and by virtue of their Charter and
the several Acts of Parliament which have been mad, and passed
I in relation to the affairs of the said Governor and Company, ran
lawfully carry on the trade or business of banking, otherwise than
under the immediate order, management, and direction of the Court
of Directors of the said Governor and Company • be it therefore
enacted, That it shall and may be lawful for the said Governor
and Company to authorize and empower any committee or com-
mittees, agent or agents, to carry on the trade and business cf
banking, for and on behalf of the said Governor and Company. at
any place or places in that part of the United Kingston' calls
England, and for that purpose to invest such committee or tome
mittees, agent or agents, with tacit powers of management h'id
superintendence, and such autl ority to appoint cashierearid other
officers and servants, as may be nee eitiary or eonvenreete'dr cartyleg
on such trade and business as aforesaid; and forehe Paine purpose
to issue to such committee or committees, agent pr agents, cashier
or cashiers, or other officer or officers, servant or servants, cash,
bills of exchange, bank post bills, bank 'hats, montissory notes,
and other securities for payment of money : 'provided always, thee
all such acts of the said Governor add Company phial be done and
exercised in such manner as roateabe appointed by any byelaw.,
constitutions, orders, rules, and directions from time to time her..
' after to be made by the General Court of the raid Governor and
Company in that behalf; and in alt cases where such by-lawe.
constitutions, orders, rules, or directions of the said General Covet
shall be wanting, in such manner as the Governor, Deputy Go.
vernor, and Directors, or the major part of them assembled; where-
of the said Govetnor or Deputy Governor is always to he one, steel
or may direct, any thing in the said Charter or Acts of Porliarnete.
or other taw, usage, matter or thing, to the contrary thereof not-
withstanding."
The Noble Marquis wished to add a proviso to this chum ; by
this proviso the Bank would be compelled to pay all their notes to
coin at any place from which they were issued. It would be
always necessary to provide not only that notes should be con-
verted into gold but that it could be done with the greatest conve.
nience to the public. When the Bank of Ireland established
branches, the Bank at first refused to pay specie at those branches,
but upon an appeal to a court of law they were compelled to do it.
But by an alteration in their notes they were able to evade thelaw,
for by making their notes payable " in Dublin" they converted
their notes into special contracts. A great many banks in England
had done the same. It therefore became desirable to compel all
banks to pay at every place from whence they issue notes.
The Earl of LAUDERDALE had great doubt about the claws
establishing branches. It was desirable to attain the object of hit
, Noble Friend, but then it was difficult. A call might be made
pout one place for an amount which it would be inconvenient and ten.
possible to keep there.)
The Earl of LIVERPOOL had no objection to the principle of
the proviso. There might be local notes for the local branches,
and these notes payable at the branches from which they were
hinted. Such arrangement would, in his opinion, tend to prevent
forgeries. If the Bank would adopt a particular form of note, it
might be of great convenience. It was proper that Parliameet
should look to the Bank, not with an illiberal, but with a constiter-
tionul jealousy. With respect to the course which had been re-
commended by Government, he must ray that in the balance oti
evils it was whet be thought the least objectionable.
The Marquis of LA N I/SDOWN said if the Bill had palatal
into a law without sonic such provision as that which he had pee-
posed, it would create an invidious distinction between the Menthe..
of the Bank of England and the different provincial banks. The
branch hank would have it in its power to collect a number se.
country bankers' notes and calling at once for specie. 'I he counr y
bankers would have no means of retaliation.
The clause was then agreed to, and their Lordships consented to
the proviso being introduced, with an understanding that it should
be discussed on the third reading, which is to take place to-morrow
(this day), if the Bill can be engrossed in the mean time.
Their Lordships adjourned at half-paw Sia o'Clock.