The British Press; or, Morning Literary Advertiser.
London, England, 1818-02-07 00:00:00

not suit the calm and deliberative Ammeter of Men
who have a settled capital. or a stake of property
dependant on the permanent bitterests of the coun-
ts;.-/tear, hear./-Let it not be said, that after
the expiration of three Teen hem the conclusion of
a treaty of peace, the time limited by Act of Par.
'content for recoinsiteaciing cosh 1/"."1,14 this
tatiatry aka, of all E.,,,poohouro omit" the stigma
of helm cursed an tll of paper money,
neither. salhatageeiss the foreign snorkel.
nor convertible at planers inlo 'cash at home.--
(new, hter./..-What 3 hive Mia tide flight origin-
'ates,• I assure the Weise, in nth may %Ans, no
lonstility to she Right Ham. entan's inerwores;
but is solely attributable to my mutiinse insist.* that
the Room should so speedily en possihievtaue to an
imilmitanding epee nqinritiastofilra awe extensive
vital importnece to thiecesoirr."-(iMmt
The CINAllatIl.Oll of the Recuceuars-ms ii is
my alsaialro wish that the gentians of the Right
Use. Qsatism.. shatthl meet a distinct and sem-
astserets thrrefore, state, that the luau
Ueda by the Basle to Goverroseut in l$ l 11, for six
millinsis, is net intruded to be paid WI in Ex-
chequer Bide, but M mosey-/Hew, hear/-and
Itietbirs tb4 we dliceity whatever will be inter-
lllsomlion the pan orGotemeneat to prevent the re-
mosepthms aids& Wisest. by the Bank. pursuant
to Act of rilitionsent..-/ Hear., Afar./ -But should
such moieties he considered expedirat to continue
linger tilMtt. the eircumstawcas nude which slam .
it 1111144eilin probable I Me akure him and
eh* Whose be podi se his IlAsiesty's
M imsorld. It shall Mao Ise She abject
of his Olhissey'ti iliiiidors to premist the Beak, by
felreledelul.. bens inertias*, at any time
its hem of rpm beyond whet the ge-
iessid mark. fMfisratMs.ial interests of the coon-
Itry my requiem The advantages resulting from
Nisprevious amengemossla of his Majesty's Go.
mineaseut. with the Bah am before the I-louse.
They have procured to the public the must sails-
awl result. that if borrow* mosey when it
rznbilemmi fineultiff, askustur ous awl
• • unpopesdentedly solar ee interest.
Mill abatis ben farther argniment upon other
topics emoseeted herewith, and which alone can be
ellittilMod by Nether iskessetiam Bat this I shall
ride, that whethowdm look shell resume its cash
plows this year or the next, from what I at
moot see, the delay will not be owing to any
eireemaims for the convenience of Administration
nor will she intended resumption meet from Go:
veramoot with any interruption or itepatlimeat."-
(Hear. hear.)
Mr. TISONST" I feel, DO doubt in C4llllllllOll
with other Members of this House, particular sa-
tisfaction in hearing that payment to the Bank is to
be made in cads; yet I cannot but regret the k-
city with which the Right Hem Gentleman alluded
to the reirmaptioa of cash poymeolee es in this, or
the next year. The grated oldie relacional cooks-
aim is the gentwallrodinitted isteatioa of Gomm-
sent to make some considesuble loons to foreign
paaw s. Is it not known that the alarm is already
gives ? Does he not know that iti pursuance of
thaw intentions, the monied speculators-some of
whom be knows very intimately, and might have
informed him-hove made a transfer of their pro-
',mike from the feuds here to such places and
fonds abroad as may tend to turn thins capital to
advents*, doling the payment of those loans in
foreign countries ?—(Hme.)-•-•1111111 the danger
we hove to provide against by the nth of July. when
cosh payments are proposed to be resumed, will
all here semen by the Ath d Jour, or earlier. It
has been advertised three uailliena ore to be pro-
vided for Prussia. New I should be but a clumsy
speculator if I could not settle wide myoelf or
friends. what time I should most sileantageowsly
sell out, or where lowest my capital, to turn this
political event into au obieet of commercial advan-
tage, with reference to the course of exchange, &r.
'there is nothieg. says the Right llosiourable
Gentleman, iu •the internal state of the coun-
try that will prevent this resumption. But I
comet see why a foreign loon or loans should
raise the price of the recasts metals. I recollect
two Irons made to Austria in 1795 and 1797. mei-
ther of which very materially @flicked their price.
Let a thawed system be adopted in ltausections of
this nature ; let the Bank be sparing of their
paper and liberal of their gold; let them she. the
world they don't want to pis spot theta cur-
'rimy tiny themselves caosider depreciated, but
uphold the value of their proper by always prompt-
ly exchanging it for cssli, sad I will pledge myself
(no doubt very much to the satisfaction of many in
11.4 these.) never to open my mouth again-(ed
4.0 j-41 it do not produce the desired
I liar, kw.)
Alr. F. Llll,lll conjured those Ministers who had
the heartfelt satisfaction of terminating the war so
happily for this country. to add to their just cameo
of triumph by removing from our moveantile dia-
meter the disgrace attached to a nahstitntion of
paper for cash. Never was there T. fairer *puerto-
silty than at the resent period, when gold woe
within a few peace per ounce of the Mlut price.
But what was meet to be lamented was. the encou-
ragement gives by it to the paper of private bank-
er.. Who cad eat mossigst lb. country Gentlemen
know how this essorocy was wow increasing. and how
ansionaly these hawkers looked fir the tune when
the balloter& is their books might be as large, or
Luger, thou ewer. This would be the revival or
slate of things which must affect net only the price
of gold, but of all the oecesamies. The prevent
ow. the happy inomeot whets the fears and arixseiy
of the judicious part of the community ought, and
without any difficulty, be composed fur ever.
-/Hear./
1.0.11 CASTLZIMAGH considered it would he in-
expedient to press the Rouse to discuses the goes.
taw DOW Mettkistally before them, when no proper
documents had been fariii.liefi them to "ewe the
Hume to come to any ecoseloision on the subject.
(;overument was nut less desirous than raw one in
flint House that all things should be restored as
heady as possible, in the state in which the war rOUDII
; lust ii was aka the duly of Government to con-
sult the best authorities. and decide upon the must
eligible mossersit far ititerreis of the country
and the Bank itself. when such an effort could
In. solely ittade.-( Heordseer.)-T lie cot sequeuires
or a reaction Su our 'unused relntt ~,, would he
.1 fetal, and might resider a ftlltfletloB of
emli payments neersmry.• was a consideration
which should have the greatest weight with such