The National Register.
London, England, 1822-03-10 00:00:00

r

lorierrial Po,liatursit nerreloned from pop W
habitants of six disiricts w F.diuburgh, sighed lie iodic
vidaals, and a petition from the advocates clerks, also
aga•ust the bill.
Sir It. FERGUSON presented a similar petition from the
adsueatesof Edinburgh; and afterwards a like one hum the
incorporated lay loss ut Edinburgh.
Mr. BARRETT presented a similar petition from the
treasons and six other trades of Edinburgh.
'they wire severally referred to the committee. with
liberty to call counsel.
Mr. S. RICE moved for accounts of taxes that have
ceased dining the last year; the produce of the same for the
year before the repeal, as far as the same regaided Ireland
US well as England.
I Len csexa .1 A IL.—Mr. LENNARD asked when it was
likely that the llehester,jail ev irk uce wuutd be printed and
ready for delivery.
.141 r. PEEL said. that he had not occasioned any delay;
the evidence was now printing.
I N ISH Dear.—Mr. el A BERLEY moved for an account
.of monies due to the Bunk of Ireland from the public.
111 r. P. GREN FELL culled the attention of the House to
•the feet, duo, necording to no neconot produced in ISIS, the
bank of Iceland did not rer rive any thing fur managing the
juristic debt.
Sir J. NEWPORT said, if the Banks of England and
Jreland ware to be contrasted, it was but fair to mention
that it was a part of the consideratiun fur the charter re-
..newed in 1505.
Air. PEARCE complained of the invidious [winner in
W bleb some gentlemen were constantly in the habit or
speaking of Ono great national establishment the Batik of
Imi;land. ith the hon. '.ember's (Mr. (i.) expert lice, it
was utmar tunable to make sin h rept eseniations, for was it
nothing to have Ii e:t the government several millions at
per cent. and yivi n money at different times for the renewal
of their chart( r ? Ile was sorry to observe the attention
paid to the druu philosophers, and lie also regretted the
Indoetice the) had. '1 ['corers would not avail in the ma-
nagement of so Unlit,' taut an establishment as the Bank of
Eitel:rod. lts cuuduct had ever been guided by the most
.bouest.motives.
Mr. RICARDO said, whenever the Bank of England
became the subject of discussion, he should speak of it and
its concerns as lie thought and felt. The directors he did
nut complain of ; hut teeny of its acts and proceedings had
plunged the country into the greatest diffiealties. The
measure of 1197, as it was acted upon, proved must fatal,
Crum the Bank directors not knowing haw they ought to
have acted. They had issued immense quantities of paper
Alter the restrict' act, and sue It issues and tended to the de-
preciation, and had occasioned a state of things which it
would be most difficult to extricate themselves from.—The
truth was, he feared, and be therefore felt concerned for the
country, that the ditectors did nut know *hat they were
.ashout.—(lietir.)
Mr. I'. GREN FELL explained.
Mr. H. (;URN EY said, that whenever the theorists in-
terfered with their money transactions, then did the country
approach to the extremes of distress.
Mr. NION CY clinic{ not agree with the statement that the
Bank directors had lot known shut they were about, for
in his opinion there never was a public body that understood
stud pursued their own interims better. After the iestrie-
two act their stock had risen, and Bank-stock was now 250
per cent.—Besides that fact, how numerous had been the
itlfilltw received by them ! He believed there never was a
public body that made such enormous profits.
Mr. T. WILSON thought the Bank of England did not
merit the remarks that had been applied to it. The restriee
.lion was n necessary measure, and he believed that they
Went along with the Goverment to du what could be dime
fur the public service.
fdr. MANNING defended the conduct of the Bank.
111 r. P. GRENFELL never meant to apply his obser-
ovations to the Bank Directors. All he meant to say was,
that their measures and proceedings had been extremely
prejudicial to the public intereats. (Hear.) The Bank
profits were enormous. lie was a Bank Stock proprietor
—lie spoke from what lie knew—he was benefitted by
their good management. They received seven per cent.,
and their limpet ty amounted to 30 millions. (Heal.) He
kliallenged then, to disprove what lie stow stated. But
the Bank Directors were ready to serve the public. They
',received rllOllllOllB profits and advantages tbr such ser-
vices, thew it was ridiculous to talk of their readiness to
serve the public. (Hear, bear.) Who would not have
been ready to serve the public on such Icings? Did the
house Riegel that the Directors had, to the last, strictly
sesisted the repeal, the modified repeal, of the Restriction
Act, sad after what lied passed. he declated before the
UMW amid the country, that it was quite a mockery to
thank that the Bank sincerely required the restoration of
cash payureiits. ((:heers.)—Papers ordered.
Mr. SYKES gave notice, that on the Halt instant he
isherild move the repeal of the duty oil tallow candles.
Alf. EU-HINGTON moved, that the house go into a
committee on the report respecting the reducing of the
live per Ceres.
Mr. TIERNEY wished this motion to be postponed till
The Chancellor of the Exchequer could be present.
Mr. LUSIIINGTON felt desirous to press the motion.
If it weir requisite, the report could await be re.C.Olll-
-
Mr. TIERNEY was sorry that postponement was not
agreed to. Ender such cis enunstairces lie must state, that
these lesulutious, as well as former acts regarding the
Pare per Ceffis•ti were extremely ambiguous. He thought
that the house mast express itself most explicitly as to
an hat was 104:atil by reducing and oaying oft the Five per
!Li sits. lie would express -no opinion on this subject,
because its "ality lie had Done. lie wished to understand
',hal really was the plait. As to this plan being like that
of Mi. Pelham, he declared, that as far as he could
comprehend the Iwo plaits, Were never were two things
e dissimilar. (Hear, hear.)
After sonic obser ironies front Mr. Grenfell, Mr. Den-
man, Mr. Ricardo, Mr. Ellice, and others, the bill was
re-committed.
Mr. LuslitsGToN proposed to fill tip the blanks, and
after some farther discussion,
Mr. I)ENMAN proposed, as an amendment, to extend
the time fur persons entering their dissent 'ruin the Ititli
to the 30th of March.
Mr.EUSHING'FON objected to this extension of time,
as giving au °Nita woody, us holding out a temptation, to
persons to speculate in the funds.
Mr. SCA KLETT supported the amendment.
Mr. %V EXIIERELL opposed it, on the same grounds
taken by Mr. Lushington.
' Mr.'CAI.CI ri thought uu speculations retail arise
its the lairds which e void bt u Ilstijj to i,c itc.itlttLj