The British Press; or, Morning Literary Advertiser.
London, England, 1826-02-14 00:00:00

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LONDON, TUESDAY, FE'BriVAR,Y 14, 1826.

BALES BY AUCTION.

LIBRARY OF WELL SELECTED BOOKS
By WINSTANLEY and SONS,
At the Mart. THIS DAY. at 11, by order of the Executors.
glitE LIBRARY of the late THOMAS COTTON,
Ascl, consisting of the Works of Johnson. Fielding,
Dryden' Swift, Hume, Corneille, Pindar, Sterne, Pope. Mts.
singer,, Cook's Voyages, Bruce's' Ilawkesworth's. and Hanway's
Travels, Cartwright's Journal, Cox's Spain, Gibbon** Rome,
Plutarch's Lives, Robertson's America, Scotland and Charles the
sth, Johnson*sland Steeveoa's Shakspeare, Campbell's Lives of
the Admirals, Daniers Rural Sports, Annual Register, from 1738
to 1814, !Xi vols. and other Works by esteemed authors.
To be viewed. Catalogues may be had at the Mart, and of
Winstanley and Sons, Paternoster-row.

OENUINE SMALL PRIVATE CELLAR OF WINES.
AND CURIOUS ORIENTAL AND GORDON'S SHERRY.
By Mr. CH RI9TI E,
At his Orem Rooms. in King-street, St. James's-square, on
WEDNESDAY, the 22d inst. at I. precisely.
rr HECONTENTS of a SMALL PRI VATRCELLAR
of WINES, the Genuine property of • Gentian= retiring
to the country. consisting of Port of 1813, now seven years in bottle,
and Port of 1820'; a small quantity of very choice West India
Madeira, Sherry, Hock of great age, and Claret in pints, totticit
twin be delivered to the purchasers from the cellar of the proprietor.
Also about 0 dozens of very curious Oriental Sherry in quarts.
and 20 dozens in pints, and 70 ti,:zen of Sir W. Gordon's Sherry of
the tinept quality.
Bmq:tea the above may he had on paying for the same, by ap-
plication at Mr. Christie's office, King-street, St. James's-square.

BON )IBS.
By Mr. WILLIAMS,
At the Auction Mart. Bartholomew-lane, TO-MORROW, Feb.
15, and Three following Days, at 12 o'clock precisely, on ac-
count of the number of Lots,
A Valuable and Extensive COLLECTION of BOOKS,
1-1.. in elegant Binding.; among which will be found the Musk
Francsise, grand folio, 5 vols.: Antiquities of Herculaneum, folio,
9 vols. ; the Florence, Houghton, and Stafford Galleries ; Boy-
dell's Shakapeare, if rola. folio, with large and small plates; Chal-
mer's Poets, 2i volt ; the Encyclopedia Britannic*, 20 rola. ;
Pinkerton's Voyages and Travels, 17 vols. ; Beauties of England
and Wales, 2tl vole. ; Hunter's Lasater, 5 vole. ; Lord Orford's
Works, S vole.. &e. &e.; also malt of the I'opular Authors.
To be viewed this day and on the mornings of Sale, and Cata-
logues had of Mr. Williams, Throgmorton.street.

Fashionable Stock of Upholstery and Cabinet Furniture, large
Glasses; Brussels, kiddertuinater, and other Carpets; and
Cabinet Pianofortes.
By Mr. JOSEPIf WALKER,
On. the Premises, 27, Soho-square, THIS and following DAIS,
at 12, without reserve,
THE remaining Part of the valuable STOCK in
TRADE of John Davis, Vpholder, declining the retail bu-
siness on account of ill health ; comprising an unusually choice
assemblage of Household Furniture, embracing every item adapted
to the drawing room, boudoir, library, dining room, and breakfast
parlour, fashionable in design, made of the finest seasoned mate-
rials, In zebra, Amboyna, rosewood, Cormiandel, and other choice
woods, and finished in the-best manner. The Chamber Furniture,
which is excellent, includes numerous four-post, canopy, sofa, and
cottage bedsteads, with chints, moreen. and damask hangings, in
the immediate taste, with goose feather beds, mattresses, and bed-
ding; mahogany plain and winged wardrobes, secretaires, book-
cases, chests of drawers, chi tonirn, and toilet-stands cheval and
other glasses, fire-screens, Brussels, Turkey, and Kidderminster
carpets and hearth rugs, two capital upright pianofortes, &c.
Nay be viewed, anti catalogues had on the pieiniset, and of the
auctioneer, 99, Regent-quadrant.

LIBRARY BOOKCASES, WINO WARDROBES,
LARGE CARPETS. DINING-TABLES.
-BEDSTEADS,
..- ....-....-....--..._ _.....--

AND FURNITURES, PRIME BEDDING.
By Mr. SIMON DAVIS,
THIS and FOUR FOLLOWING DAYS, at 11, on the Pre-
mises, 486, Strand, opposite Northumherland-house,
THE very valuable-and extensive STOCK in TRADE
of a CABINET-MAKER and UPHOLDER, by order of
the Proprietor, comprising- an unusual assemblage of HOUSE-
HOLD FURNITURE, adapted to the drawing.mnm, boudoir,
library, dining-room, and breakfast.parlour, fashionable in de-
sign, made of the finest seamiell materials, in zebra. Amboyna,
rosewood, Coromandel. and other choice woods, and finished in the
best manner. The chamber furniture, which is excellent, includes
numerous four-post, canopy, sofa, and cottage bedsteads, with
chintz, mtween, and dsmaak hangingt, in the immediate taste, with
goose feather beds, mattrcssts, &e. mahogany plain and wing ward-
robes, secretaries, bookcases, cheats olldrawers, ehiffinteers, and
toilet Italids. ebeval. and other glasses, flre.sereens, Brussels. Tur-
key, and Kidderminster carpets and hearth-nigs, an eight-day
clock, &c. &c. _ _ _

May be viewed and Catalogues had on the premises, and of the
Auctioneer, Carlton.street, Regent-street.

PARLIAMENTARY INTELLIGENCE.

HOUSE OF LORDS, 31o:cDAY, FEBRUARY 13.

hirers to compete with foreigners, who got op Niel, goods ander
far more favourable circumstance, to the production of cheap
articles. The petitioners also complained of the burdens
imposed on the country by the tithe system, which had
likewise so influence in increasing the price of food. Eight mil-
lions were collected annually under the operation of that
system, which the petitioners thought a grievous weight upon the
country, inasmuch as it increased the value of egriculturid produce
to a high rate. The Honourable Gentleman gave notice that he
would on Wednesday next make a motion relative to those laws.—
(Cheers.)
Similar petitions were presented from the silk manufacturers of
Gloucester, by Mr. Alderman Wood. and free Mansteed by Mr.
Denman.
DOVER ENLARGEMENT DILL.
Mr. BUTTERWORTH brought in a Rill for the Enlarge.
ment of Dover, for the purpose of establialtleg a larger ruarket in
that town.

•
, stamped in 1144 were double of those stamped in 1222, but this ad-
mits of eta easy explanation. These 'mull notes are employed in
the wed distribution of the necessaries of life; all mercantile
transactions ere carried en with bills of exchange; but the small
notes, representingprovisions, Increase as the price of the latter flees.
The circumstance which moved this proposition was, that the price
of awn and cattle was doubled from MU to 11195, and the increa•o
iof small notes was the necessary result of such a change. He;
would ball the attention of the !louse to the large amount stamped
since October Iset, yet it auttld be found on examination, that the
amount of 51. notes bad decreased with the increase it 11. TIMM
so that the total amount of paper iesues had on the Whole dimi-
nished. therefore the alteration wrought more air venience than den. I,
gee. Another topic cf importance bad been touched on. to the ere. I
judice of the bankers, and there had been arrayed against them, !
our eympathire with the humble sail industrious agriculturists.
Ile himself felt deep sympetfites with the lowest cla.s, and dis-
eased all who did not ; but then let it be considered that the labour-
ing man who is represented as the chief sufferer by the failure of a
country bank, is not obliged to take their notes. and it be wishes 1
to accumulate the fruits of his industry, be resorts to the savings. I
bank, where he receives Government security, he was not obliged
to keep the bankers' notes; and as for heedlesaaess and folly, it was
not for the legislating to prevent it. But when the small notes are
withdrawn from circulation, what will be the substitute? The first
effect of the measure will hem throw great numbers out of employ.
mein; it will be crushing the capital that mete our industry in mo-
tion. There might be perhaps a branch hank from the flank of
England newish/died in Lancashire or l'6rk, but these would be
insufficient for the country, and as to joint-stock companies insti.
tuting banks without charters, nothing could be more visionary,
unless indeed they had no property, which would be an aggrava.
Lion of our misfortunes. M id' respect to personal attacks on' the
country bankers, he would not condescend to reply; they originated
in ignorance, or an jiptereeted attachment to certain measures, and
were sufficiently anwered by the, unsolicited declarations f the
towns which beat knew those banker,. The Hon. Gentle an con-
eluded by hoping that he would find such support froM hl friends
as to stop those pmeeeilinge in limier, and declaring that although '
he might be unsuccessful, he was conscious of doing his duty to
the best his power.
Ilr. Alderman THO3IPSON began by remarking on the im.
portance of this question, which involved all pmperty, He usually
voted with 'uneaten and seconded their views. In this instance too
he agreed with them* to the principle of the measure, butentirely
dissented from them as to the period of its operation ; the commer.
cial distresses did not arise whol/y front over.issues nor front
speculation, but from both combined. There was no doubt that'
the issues of notes in the years 1823-24-25 had very much increase I
the country banker at last began to accommodate the money mer.
chant; and when he fauna him suddenly oinprovided, there was a
general suspension of confidence. Then a bank failed In the north, '
and another in the west, and then followed a universal panic. But,
with respect to the proposed measure, it would diminish too se-
riously
the capital of the country ; that had been reduced ,by ex •
portetion of gold and distress, by six millions at least, and now it
was proposed to withdraw another four millions—in'all tell millions.
Thin vacuum the Right lion. Gentleanap says he will supply with
gold ; but where will he procure the gold ? We have at present no
exportation ; business of every kind is stagnant ; and, 115.1 week,
tete or no bills were negotiated. The superiority of paper as a cir. .
culating medium most be acknowledged by all mammal mn. Ile
(.11r. Alderman Thompson) knew a munufecturing district, the
expenditure a which was 2110,6001. pee month, and the bank which
supplied this circulation remained unshaken. The more narrowly
the nature of tomatercial transactions were investigated, the more
difficult would it appear to dispense with a paper circulation ; but,
at the present crisis, such a measure would convulse the whole
country. As to throwing open the Bank charter for the admission
of joint-stock companies, lie did not conceive it would avail any-
thing. It WWI not the number of the partners, but their prudenu,
.Licit gate character to a back ; prudence, indeed, was more to be
considered titan capital. He hoped the Bank of England would
,he induced to establish branch banks; but, in the mean time, he
begged the House not to diminish the currency by adopting the
proposed measure. It amounted to a prohibition of sinafrnotes to
limit them to a three years' circulation, and on this ground he
would oppose the measure.

r. LEYCESTER. ennsidered the privilege of issuing small
notes, possessed by country bankers, to be a mischievous anomaly.
By occasioning a redundancy of paper 'lleum it raised the price of
corn, and forced up the Three per tents, to ifS ; and this privilege,
clashing with the convertibility of notes into gold, produced that
convulsion and alarm the sound of which was still ringing in our
ears. He thought that the powers of issuing paper tnoney ought to
be confined to one body, one officina, which might watch and regu-
late the rates of exchange and the quantity of money in circulation, a
neces.ory care to which the chaos of wormy banks was adverse and
inarlequatr. Such was theconsequenee of the state of affairs to which
he had adverted. He should therefore cordially concur to the full
extent in the proposition of the Bight Hun. Gentleman (the Chan-
, cellist of the Exchequer). So fully did be feel the propriety of die
principle of the resolution, that the only regret be experienced was,
thaw die-subject had not been introduced at ao earlier period, and
been confined initeoperation. Hewes every dim is did imp, so
far as to include fif. notes, which he thought might very fairly be
brought within its scope. Thepreceding remarks had Linen from
him in reference to those parts of the subject which had been left
undone by the Right Hun. Gentleman—to that portion of the web
which was All unwoven. But by the effect of the measure in con.
temptation, the Bank of England will be cognizant of the quantity
of paper in circulation throughout the country; they will tints be
aware of the over-issues when-her they shall occur. By a comna-
rlson of these matters with the rate of exchange, the Bank would
be enabled and would take care to regulate in such manner, that
die country should not endure the calamities with which it had
been recently visited. As to joint-stock companies, he thought they
were liable to.some peculiar objections. As respected the limitation
of the numbers of partners, he was of opinion that when they were
less in amount the liminess was more strictly attended to. When
bankruptcies should occur in an cstablialicnent composed of a great
number, the dividends were always proportionably diminished.
Substantial men would not choose to enter into banking concerns
where the partners were numerous, on account of an apprehension
of trifling profits and of implication. [lnsubstantial mien will have
an objection to become partners in them, because they are unwil.
ling to have the paucity of their resources submitted to the public.
Numbers do not constawte a proper criterion of a great quantity of
capital. It is more likely that in a flock of twenty sheep there
should be one black than in a smaller number. Joint-stock. com- '
panics of such numerical amount ss he had stated before, when-the
vestiges of the late panic shall have been obliterated, would be
again tempted to over-issue. They would naturally take occasion.
from every plausible opportunity which presented itself', to extend
their bogies, and thus the country would be once more subject to
the repetition of distress and calamities under which it had been
suffering so severely. It had been triumphantly objected by the
tulwocates of jnint.stock companies, that the cases where the ex-
periment had been tried fully justified their adoption, and the sue.
cess of the Scotch banks, founded on the principle, had been ad.
duced. But if the Honourable Gentleman examined matters
strictly, they might twid attune other causes (which were in-
applicable here) to account for the effects which had been
observed to accompany their operation in Scotland. Perhaps it
would be discovered in such an investigation that the success of
the Scotch banks might be attributed to the national characteristics
of prudence and caution. In Scotland persons were extreme.y
circumspect in lending and borrowing. No wild spirit of specu.
lation prevailed there, and the capital of the country was commen-
surate with the demand. But this country presented a strong con.
trust. Here the greatestavidity for gain was evinced by all classes.
If a speculation of the slightest semblance of speciousness were
proposed, there was no want of money to be advanced to carry it
on. In facti people were so anxious to lend, that they did not in.
quire into the plausibility or impracticability of the schemes which
were suggested. On the other hand people were found as ready
to borrow as the others were to lend. Thus they proceeded, and
rushed forward with correspondent steps, `• some to do, and some
to be undone." He did not think, therefore, that the principle
was applicable to this country.

ASSESSED TAXES.

_ .....
Mr. Tierney, from the Tax-office, proented copies of all eases
decided by the Judges under the Asses.' Acts.
COUNTRY BANKS.
_ _ _

Crayford. from the Treasrry, presented the return of amps
issued to country bankers., as ordered by the House on the 9th
February.

CORN WS.

Lord KENYON presented a petition, signed by upwards of
10,000 persons. bankers. merchants, and tradesmen, inhabitants of
the town of Bolton, in Lancashire, praying for an alteration in the
Corn Laws.

SLAVERY.

Petitions against Negro Slavery were presented from the follow.
in g places:—from Colchester, by Lord Colchester; from Chipping
Wycombe in Buckinghamshire. by Lord Carrington; from Frown;
in Somersetshire, by the Earl of Cork ; from Thrapston in North-
amptonshire, by Earl Spencer; and front Leominster in Ilerefotd-
shire, be the Earl of Essex.
The Marquis of LAN.D4)WN said he had petitions to pre-
test on the same important subject. Feeling the great difficulties
connected with the West India interests, the Noble Marquis would
not then enter into any diseussion of these topics, but would rely
on their Lordships to take the subject into their most serious con-
sideration. The Noble Marquis then presented the following Pe-
titions:—from Fathaut in Wiltshire; from Lewes; from Calne in
Wiltshire, praying the abolition of Negro Slavery.
The Earl of LAUDERDALE moved for certain returns con-
nected with the issues of stamps to country bankers in the
year 1790.
The Earl of LIVERPOOL moved the first reading of a Bill to
amend the 49th George 111. and gave notice of the second reading
for Friday. The Noble Earl also moved that their Lordships be
summoned fur that day.
Toe Earl of LAUDERDALE hoped their Lordships would
be put in possession of every information connected with this sub-
ject before they were called upon to legislate. His Lordship 4160
hoped the returns moved for would be prepared before that dine.
The Earl of LIVERPOOL expressed his willingness to expe-
dite the returns, and to give every information.
Their Lordships then adjourned.
HOUSE OF COMMONS, MONDAY, Faa. 13.

Mr. T. WILSON thought it was very clear that the introduc.
two of the measure proved the distress of the country. But while
this Act was too apparent, he could not perceive that the proposed
remedy would answer the purpose which was contemplated.
lie could not see that it would confer any benefit or alleviation.
The misery which was now introduced might be traced to the pro-
ceedings of the Bank of England. They have produced events of
gnat public calamity. From them has resulted the present alarm-
ing state of the country. He spoke as the representative of the
City of London. He had unfortunately every day occasion to wit-
ness the mliery which pervaded the streets of this metropolis. It
was really of a mutt deplorable character. While on thee subject,
he should rake occasion to return thanks to the lion. Member for
Taunton (Mr. Baring) for the exertions which he had used to miti-
gate the calamity—he alluded to the meeting of merchants which
was held some tune ago in the City of London, and to the Resolu-
tions which were then passed. These Resolutions might be deemed
ridiculous by some persons, but they appeared to him (Mr. Wilms)
in a very different light. T hey were must salutary and of the greatite
importance. Their object was to promote conhdence in the Oita
totality as to the state of credit, and in this respect they WI
accomplished a great deal of benefit. Their tendency was to da'
that which the Right Hon. r
chequer) proposed to do. It
dence in such a period of alarm
contraty, it was an exceedingly
of this difficulty arose from a er
was the fact ? Was the count.
quire the resources of the nation ,
famine or pestilence, or any of that
exert its influence In these We
the shocks, and might be reconciled
there was no obvious cause, and t'
be comprehended by the mass
them to pay only twenty millions.
ter was inexplicable. it has i
ciliation prevailed to a great ex,
not the lint time that this had
this period btUught rain on tt•
to beware of Its recurrence.
confidante. Aillear, hear.)
extremely di 'Cult to instil
repugnant to it, and would

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' adoption by beingntold that they usigkkto estiertilts it 2 TM"lnsist
be led and persuaded, and norfoosed en theism :Seim!. Hunlog
jitould prove more effective than consolidate*. Wtth respect to the
elate of tne currency: he than k,ed the limn Membee for Tatintau
(Mr. Baring) for'theexppsitioh Which Whorl lentontly ;Orono* Hee
*abject. The idea of a mixed currency *Kett that Hore. °tette-
Men had explained to the House. sippented.to be euth as should
meet approbation. It wet said to be More natural, more consblent.
and less liable to fluctuations than the one in present fashion.
Silver wet moat readily procured from South America and ether
places, to the full extent of what would be requisite to stoney any
ethergency which might occur. if the mixed system were adopted,
this country would be exempted from the expense to ,which it is
now subject byThe process for procuring gold from France. There
would be A saving in this respect of li per cent.. which is now paid
for the purpose. Several persons are In the habit of bringing deer
money in this manner, and in return getting bdls of exchange
drawn fot it. This certainly may prmtiote the Bank circuit.
lion, but the system was productive of greet distress in its conse-
quence' to the century, and should she terminated as soon
as possible. Ile should add a few minim with respect to the gins-,
anxiety evinced for a return to specie. The Chancellor
of the Exchequer has said that this is the time for the ope-
ration of it measure affecting that topic. because the contr.
try is in a state of prosperity. 'Without exactly agreeing that the
country was lit that state of prosperity, he (111 r. Wilson) did noc
think, if it were so, that the fact would afford sufficient cause •for
the onnemplated change. It tat his maxim to 6• let well airmen'
land bethought it would prove the safer course. But he would n, c
' be unnerttoutl to agree to the statement that the country was wen.
' On the contrary, he thought it was in a very precaSiotta situation,
In such awkward circumstances that it would hie exceedingly delve-
rout to tamper with it by the proposed expetimanta. He had
' viewed the measures which tare tlroposed to the Hittite in thieve-
ispect Ile had devoted Mine& with great attention to the slab.
, . •
nem, and front the best consideration which he wigs enabled to
rbestow on it, he arrived at the conclusion that the bete mode which
ebuld beidepted to prevent it reentrance of the diadem which had
been experienced, was that fnf the anfount of all the country meet
of 11. the bankers issuing them should give seeuritr of Rime kind,
Ile did not mean to confine the nature of the acciwity to any pare.
cuter description of property. It might be reel or rersonal, flee.
hold or leasehold, exchequer hills, or in fkct any kind of avatlabla
security. He saw no teasenable tlifFculty to prevent any Orton
who commenced banking from giving some sort of securityws a
protection to the public. By such a proceeding thine banker, who
dealt in the heavy nines, and who have hitherto often mitered in a
saloon degree from the facilities rashly afforded by the small note
establishments, would also be protected from those alternalionsand
fluctuations which originated in the minor brinks. He shrildior-
elude by natirg it is lilt decided opinion that the Right Pon. Gen-
tleman (the Chancellor of the Exchequer) had not stiggented tine
remedy for the mischief which existed. All he hal proposed Cal
the subject would be toned on trial utterly ineffectual
Mr. JOHN StIITII proceeded to address the Howe, but in
the course of his observation,' frequently dropped his voice so low
as to be inaudible in the gnllery. We understood the Hon:Gen-
tleman to say, that after all the arguments which hail been tinged.
in the House during the night, his opinion was not altered An the
subject. Ile had listened attentively to all that hart been adduced
by those lion. Gentlemen who were adverse to the meaaurepra-
potted by thsChancellm of the Exchequer, but he did not feel him-
self convinced. lie %lipoid therefore adhere to the course which he
hail originally prescribe. to himself, and vote with Govetninent.
Olean hear.) He should endeavour to compress in a small com-
pass the few remarks which he intended to make. Penmen the
great cause ef the distress which prevailed was to be found in tha
splint of speculation Which had diffused itself so widely through the
community. It proceeded from the nterchanie to the ineoufac-
turers, and from them it descended •to the mechanies ih their em-
ployment. With some' persons it was not optional whether td ac-
cept or to refuse the notes of banks, of the solvency of Wltichohey
mrght have entertained wrilnhunded doubts. In- illustratioen itt'
this fact, he would assnre the House that he had been irtirmed by
a very intelligent anti reepectable gentleman, who was himself a
banker, of some curious circumstances connected with the ennuis-
dart of one and two pound notes. It had been said that !Anthers
and artisans might take these notes to the remeetive banks in the
country, and receive on demand 'an equivalent in coin. Bet he
knew that they could not, and dared not do so on env:Mist of the
state of subjection in•which they west placed. If they were to at-
tempt to act in euch a manner, they would do so probably it the
risk, if not the certainty, of being deprived of their employment.
What labouring man in a Country town would have thenninlihoott
,to provoke, By such a course, the enmity of a banker. who might
have It in his powet to retaliate in various ways on the offender ?
No man arthe description would dare to dun except in a time of
Patric, when the individual would be lost in the mass of appli.
cant., but when the application would be made too late for soy
benefit. He was of opinion that the speculations that prevsilen
were productive of great injury to the poor. For what was the no.
tore of the proceeding? Any person who pleased was competent
to issue one pound notes; the consequenee was, as he knew, alad
as the Government was well aware, that many persona beeolne
tinkers solely for the purpose of paying their own workmen./ If
bigotry Were inatitoted into the Woes of bankMlenies eldeh eg-
egreed since the year 1014, several of the persons in The Ilit wduni
be found to come under that character. He therefore attrinuted me
misfortunes which had been endured to the want of sabattume in
men who became barkers, and against which it was now-propostn
to provide. It was painful to him in respect to sane connentons la
advert to these topics : tut he could not allow it to he said ah:q.
alarm does not exist, because it ought not. This was sn egvngitths,
mistake. lie therefore differed conscientiously on this subject' fron,
some friends, and felt th some measure undecided ho* tn
act on the occasion. He trusted, however, that itieMajestv's
nlieistert would not consider the matter slightly,-, but thin 'they
would persevere as they ought In rescuing the country from
those evils with which it was afflicted. (Hear, hear.) Titers
was another point to which he was compelled be his duly to d;rcen
the attention of the House. It was concerning the letter which had
been recently directed by the Government to the Directors of the
Bank. lie had thought much of that letter, and lie Was to &ratio
indeed that he would 'peke a wager that the President of the rd
of Trade did not compose the letter in question. That Iligtillear.
Gentleman possessed too much intelligence and dinvintindiloin to
insert some matters which had been introduced into il:• Tie
second paragraph of that letter was particularly obnettlintrabla It
lays the blame of all the ruin of the last year en the mutiny:hank,
But did Government take into their cmisideration the docoMspecn.
lotion? Were these promoted by the Alnitchestee end flvetwool
banks ? No one present could deny that they were noes -in a
plain meaning of the paragraph was, that tech with tf e
case. But did the country banks discover a willingness to
'participate in the speculations which were carried on in the menu-
pont% ? The author of that letter has not toted the proper phfase-
°logy. The attack on the country backs is unfair, as they ha ..I
not deserved the censure. If they had given all the facilities whin I
were required, and which are ascribed to them, more of cotton an -A
of' iron goods would have been purchmednand Moodie wilt Anita,.
have been aggravated. Mr. Burke had warmly enlogited utat
country banks, to the institution of which he attributed much of I: a
commercial prosperity of the country. He ( Mr. Smith) thought
would be the better course to sift the mantel. to the foundation, a. i
to g° on a little forger, suppose for a month, as they were at passe nn
(Hear, hear.) The measure should not be brought froward id 116,n
a rapid manner us to alarm the country. lie hoped that Govern-
ment would proceed with the business, As he felt entailer's' she
measure wqs radically right. Ile was anxious to speak on this
question the first opportuninity whirh illness allowed hint. At the
conclusion of the speech of the Right Hon. Gentleman (Hr. Ift a-
kinton) be could not understand why that Right Hon. Gentlentna
wits so enamoured of the. gold currency. No nation but this .a
satisfied without a gold and silver mixed currency. In fact, silver
could be so easily procured, that it presents an obvious induectuer t.
for its adoption as a standard. It may be said that country banns
do not like silver, and that they are too fond of issuing their Own
notes instead ; but Hon. Gentlemen should bear in mind the gset
facility which is given to the circulation of counterfeit silver, inn
the trifling punishment which awaits detection. He tecolleetied a i
instance of the kind, in which certain individuals canted shout bal..
crown pieces in a car, oral were cirenlating them extentively through.
out the country. At last information of the circumstance was giver,
and on searching the car 2.100 pieces of that species of coin were
discovered. The crime of the individasls concerned in that transac.
lion was certainly one of a nefarious and dangerous description Ib a
commercial country. The offenders were taken up, prosecuted, con-
victed, and sentenced to not more than twelve months' imprison-
ment for their heinous offence. Of this trifling check, which op-
proached to impunity, be did not approve. He would infortyntne
Bight Hon. Gentleman of a fact which was important, but pro-
bably did not occur to his consideration. Part of the silver coin t• 0
this country consisted of five shilling pieces, and this was cestainly
the best coin, for a reason which he would mention. lie haft
never known that one of them was counterfeit, and the awn
of their exemption from the counterfeit process was the difficulty
of imitating their exec Lion. This difficulty was caused by thd tr.
scriptlon, Which was made in raised letters on the outside of tt n
tie. Ile stated the fact, and asked why it wrosthl not be proper t i
adopt this safe phsrr of coinage, so free as he had mentioned it to lee
from the power of forgery. He would also recommend that too
tender In silver should be increased to 4412. or to AL This plan, Is
calculated, . . . . . .

or anent. -1-neir tendency was To co
Gentleman (the Chancellor of the Ifix. calculated, would produce a great citeulatioe through the counter—
. tir a circulation as was much required. A 4 . proof of its ncce f-
armt wa no easy matter to restore ann. 1 he could mention the cane of a reanufauuting district whsre
ngly difficult task. No trifling degree no sliver was to be procured In any degree pmportioned to the de_
aid panic as had occurred. Ella_ ma___
a consideration of the time. For what
mend. In thla exigency the proprietors*, the establishmentpubinno,r. adopted
the practice of paying their men by an otter on tire
entry ,yin a state of war which would te. This wu a moat denseraltsing mode. and Abutter expedientime.2er
stion to support its continuance f Did
of those plagues whhh'idlletentinitlnd aidatabia alarm has been created by the made while hes been
ese
to people would be premed for a MM. of
the circuttiatences,should be checked as speedily as possible. Coo_
adopted be ()utensil**. Matters mite subsiding ice* . ..
etonciied to their sufferings. HU*, comparatlie U1'11(011112; although they •Ited not esthete
..,..ies,:f
and the occurrence could not thereat.
milliboenetin.
taliriii tthht s(thaeteave.f,a4tiortsolverha4tilet-oe. ended that .bs
save of the community. War lied left January. since eta thew hefted home It itettfiely , _
mwonhesentitmobeuletoftorerootrhoiwbetitneitityhe*:ribeibeste.vimilevisdr7whadkowloirriat::airrimpoll
munimetheinallnrsaic....
t bathe
t extent. Such was the fact ; but it wee ambled, the t Illiti 'was nu Syniercloo"A tirnit...a.._
had happened. Speculators had before Bate or the Wen ' -which ie ha linen
„„ ._.., saw thirear:
1 the country, and he often 'stied them hoped that ..AM •re Noah ••• is
is.,
t. Now it was the duty of all to rektor* .limber, bet 1 y tioold *rem* ... ,____.
sot as he had obterred Wire, St vie ini =rpm farnismits of Mt ,
......a
2,
1 confidence into the people. They sent' late . the imendiatfily. • No 111,!•,;,w7 "`"' '
d not esbmit to be dregoonett into ill necess4 1011101fbffprffr".7r... . ..nr ... .. . ...
41,4,
...
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