The Sun.
London, England, 1854-05-23 00:00:00

" Another and another still succeeds."

I cannot say the catalogue is finished, because I think at
the end of that fatal year, or rather in the month of
August, when the right hon. gentleman found that all his
schemes had failed, and that his exchequer must be empty
unless he had recourse to moans for replenishing it, the
funds being then at 97 and a fraction—when he could
have raised the money on very easy terms—the right hon.
gentleman, of course, being in possession of grave state
secrets, which must have assured him that even if peace
could only be preserved by a combination of the happiest
circumstances with the exercise of the greatest skill on the
part of diplomatists, and on the part of Governments the
necessary prudence and firmness united—the right hon.
gentleman with contempt let the opportunity pass by, and
the year 1853 terminated on the part of the right hon.
gentleman with the failure of all his financial projects,
with almost the certainty of a war, and with an empty
exchequer. (Cheers from the Opposition.) Now that is
the way in which the right hon. gentleman commenced
the campaign of 1854; and I want to see what are the
measures which he has adopted, first of all, to compensate
for the mistakes of the preceding year ; and, secondly, to
do that which the right hon. gentleman had also. to do,
not merely to compensate for the mistakesof last year, but
to encounter the difficulties of the present one. The right
hon. gentleman, in breathless haste, one month before the
financial statement was due, came down to Parliament,
and announced his determination to make the financial
exposition to the country. It was a month before it
was due. I think on the sth March the right hon.
gentleman came down with, if not war absolutely declared,
an army of 25,000 men having quitted our shores and a
large fleet being in the Black Sea, a month before it was
necessary, but with a frankness which gave confidence to
the country, in order to put us in complete possession of
our financial situation, so that we might thoroughly un-
derstand the responsibilities that we might incur, and pro.
vide for the difficulties in which the preceding year had
left us. Well, the right hon. gentleman told us on that
occasion that he had a considerable surplus—fortunately
for us, to the amount of 3,000,0001., and the increased esti-
mates he had to propose would come to somewhere about
the same sum, or something exceeding 2,850,0001. The
right hon. gentleman entered into many particulars as to
the moving and bringing back the large force which had
quitted these shores. The right hon. gentleman also
offered us estimates to something like a million and a quar-
ter, which was a large sum ; but he said it was right that
the country should know what was necessary for moving
and bringing back—
The CHANCELLOR of the EXCHEQUER (interrupt-
ing)—Removing and bringing back.
Mr. DISRAELI (resuming)—Well, removing and bring-
ing back will suit my argument. I say the right hon.
gentleman gave us this estimate of a million and a quarter,
which was a large sum, he said, but it was right that the
country should know what was necessary for removing and
bringing back this force to our shores. How he could re-
concile that with the much larger sum which was after-
wards asked for the transport of troops I never could com-
prehend. But the whole statement of the sth of March
was a statement either inadequate or deceptive, and of
course I cannot believe anything deceptive on the part of
the right hon. gentleman. And how was it inadequate ?
He succeeded in conveying to the committee and the
country that, although it might be necessary early in July,
it would be necessary to ask for further supplies ; and on.
the sth of March the house was put in a position of, gene-
rally speaking, further responsibilities and requirements.
If that were not his intention, what was the meaning of
that precise and almost pedantic vote for Exchequer-bills
to the amount of 1,750.0001. to be paid off out of the pro-
duce of the taxes in November ? The house certainly un-

derstood that the estimates of the Chancellor of the Exche-
quer were upon the whole estimated to give them an idea
of the requirements of the country and the responsibilities
of her Majesty's subjects is consequence. The house almost
immediately after adjourned for the holidays, and they
had so adjourned but a few days when they found that the
Chancellor of the Exchequer and the First Lord of the
Treasury were endeavouring to raise money by a mode
which was at once strange and quaint. No sooner had the
house met the Chancellor of the Exchequer than hon. mem-
bers found that the table groaned beneath the weight of
the increased estimates, and nearly 6,000,000/. was required.
No person objected to either 6 or 12 millions when they
thought the honour and interest of the country required it;
but what many hon. members did complain of was, that we
had a Minister of Finance who was called upon to investi-
gate the great question of the requirements of the coun-
try, and who must have placed himself in direct communi-
cation with the heads of departments on the sth of March,
and which during the interval of the Easter holidays he
found to be erroneous to the amount of 6,000,0001. (Hear.)
We now have the consequence of these Aatinuous and
systematic errors in the administration of the finances, in
the attempt by the Government to raise a loan—for such
I must still call it until informed as to the object of that
proceeding of the Treasury. Even the Chancellor of the
Exchequer cannot himself come forward and say that his
proceeding was successful, and he has not yet advanced so
far as to confess that it was an abortion. (Hear.) But this
attempt was attended by some of the most remarkable cir-
cumstances which had ever attended a financial transac-
tion of that kind by an English Minister. The Chancellor
of the Exchequer of England, at a time of unrivalled pros-
perity and of unexampled wealth, suddenly appears in the
market as a borrower of 6,000,000/. at four per cent., and
he is absolutely unable to raise the fund which he requires.
What the Emperor of Russia must have thought of this it
is impossible for me to ascertain, but I should certainly
think he might consider it as a countervailing incident for
the bombardment of Odessa at least. (Hear, hear, and a
laugh.) How the Chancellor of the Exchequer could have
proceeded in the matter, or by what mana
stergement
The wild
it was
that he arrived at such a result is a my y.
desert of the city of London inhabited, I will not say by
Ravage beasts, for some of them are " bulls" and the rest
are " bears"—Chancellors of the Exchequer are supposed
to have some knowledge of these animals. But not content
with " bulls" and " bears," the Chancellor of the Exche-
quer aimed at higher prey, and he sought to bring down
the antlered monarchs of the forest, and indeed all the
"stags" in London were contributing to maintain the credit
of the Chanoellor of the Exchequer. The right hon. gen.
gum Witt Actually ander the, Weal 01 striking out

two or three hundred thousand pounds of the sum sub-
scribed, u, ?or which no instalments„were paid. This is a
mode of 73 lance ng the public finances of the country which
produces only public scandal, and does no good to public
credit. (I fear.) I have by me a series of letters from some
of the in. )st obscure and hopeless varlets in the world, all
subscribing 5,0001. to each of the series of the Chancellor
of the E: :chequer's bonds. But that is not all • these fel-
lows not merely sent in their subscriptions for the 15,0001.
of Each, 'quer bonds, but they have received an official
answer, tot only giving them what they ask, but much
more, an I begging them to take the whole series in the
"A" bonds, and assuring them that if they do so they
shall rec vivo all the advantages which attach to the
other sei ies. (Laughter.) The right honourable the
Chaucello rof the Exchequer, with his great ability, may
no doubt arove this to be a most patriotic movement—one
equal to t le " loyalty loan" of Mr. Pitt, of whose conduct
and exam pie so much has been said. (A laugh). But if
you refer :so these things and these failures, the Chancellor
of the Ex. ;hequer indignantly refuses to listen to you, Who
would sup pose, when they listened to the indignant obsess.
vations of the Chancellor of the Exchequer, that he hail re-
cently bee ain correspondence with all the scamps in Lon-
don. The right hon. gentleman comes forward as if he
were to b. the victim of the Government he has served.
He will n. it allow his colleagues to take any share of the
faults ho has committed, and he takes refuge in a quota-
tion certas inly more classical than novel, and one which,
considei iu g the great classical education of the right hon.
gentleman ~ we might have expected would have been a
felicitous line. The house will probably recollect the cir-
ctunstanc. a, and I certainly thought at the time, when
the right ion. gentleman made use of it, that he must have
venture a little on the forgetfulness of others :—a young
gentleman , attended by his companion, was detected
in
plundering the Rutulians, and the young gentleman
ex-
claims—
" Me, in e ; adsum qui foci in me convertite ferru."
If the rig fat hon. gentleman had proceeded to the next
line, he w ould have found an appropriate reply
" 0 Rutuli,Yinea fraus omnis"
(Laughter..) And this, I would suggest, would be a good
motto for the. new Exchequer-bonds. (Renewed laughter.)
I have en( leavoured to point out the series of failures and
errors whi. :I) have brought the right hon. gentleman to
his present t condition ; and finding it impossible to escape
from the p ns and penalties of an empty Treasury, an ex-
hausted E. cc hequer, he is now brought to the last expedi-
ent of this le an in masquerade. (Laughter.) It was impos-
sible to aclo.:. z inything to the able remarks of the hon. mem-
ber for H un tingclon upon the inconvenience of raising
money in th e manner proposed. If money was required
to be raise. 3, it would be infinitely cheaper and more cone
venient to ri tine it by the ordinary mode rather than by
having rec ou rse to these fantastical expedients. Besides
all the evil a , which you say Mr. Pitt committed, and which
you are so di sirous of avoiding, you have already imitated
for you arcs n .ow attempting to raise money at a discount.
(Hear, hen .r.:l In order to show not only the inconvenience
but the da ,ng er of the course you have adopted by the at-
tempt to r ais a money by these bonds, I will instance the
case of the la st loan made in 1847. When that loan was
raised for r 6 great national purpose, it was raised in the old
fashioned s tyle, in an official manner, and in a mode which
the public understood, and which generally succeeded, that
of giving 1 001. Consols for as much as you could get for it.
(Hear.) T he right hon. member for Halifax (Sir C. Wood)
went into I the market with disadvantages which the right
honourable the present Chancellor of the Exchequer never
experience. I, and he raised his 8,000,000,1. under the old
system wit bout disturbing the market one-half per cent.
But suppos em he had raised those 8,000,0001. by the fantastic
projects of the present Chancellor of the Exchequer, and
had agreed to pay off the bonds at par in 1854, 1855, and
1856, what would have been the condition of the country
at this mom mat, and how grievously would the country have
felt this adi [Factual burden, to their already severe imposts
and taxatio a.? (Hear, hear.) It is perfectly idle to talk of
this vote beim g a question of confidence—a question of con-
fidence in a Minister who has asked for 10,020,0001. of
money and virtually received them, and we are not to set
our mark ssg:einst a system of administering the finances
which we think is not only inconvenient, but which may
prove, as I hi ore shown you just now, most injurious and
intolerable to the country. (Cheers.) lam sure the com-
mittee will vote upon this question according to what they
believe is for the advantage of the country. Sir, my opinion
is, that the advantage of the country will be best studied
by following: as much as we can at this moment the prece-
dents which -we possess for raising the ways and means of
the country. Now. I say there is no precedent for the
system of th e right hon. gentleman, for it has this most
anomalous i!enture—it is paying off the amount of old debts
at the same time that it is increasing taxation to carry on
new war. (Hear, hear.) The right hon. gentleman is
defraying the legacy of burdens which old wars have left
this cuuntisr,, whilst at the same time he is raising taxes
within the year to carry on new wars. The right hon. gen-
tleman laid down the other night a variety of principles
upon which he thinks the finances of the country ought to
be managed in a time of war, and the Secretary of the
Treasury he'd to-night re-echoed the same opinions and
quoted the authority for them, which the right hon. gen-
tleman did mot—for all the opinions which he favoured the
house with sea to the expediency of raising the supplies for
carrying on the war within the year, and not having re-
course to loans, aro a reproduction from the "Financial
Reform" of Sir Henry Parnell, in language as well as sen-
timent. Tho name of Sir Henry Parnell will, I trust,
always bo mentioned in this house with the respect of
which it is worthy. He was a sound financier and a skilful
economist, but he was not a great statesman, and he was not
a man who, if lie had to decide on the means of carrying on
a war, would have had recourse to any other maxim than
the rule of three, or supposed that it could be conducted
on any other plan than the severest principles of political
economy pointed out. But there are other principles to be
looked at, with such an end in view, then the favourite
doctrines of Sir Henry Parnell ; you must look a little to
the temper of a people, to the character, the passions, the
weakness, the genius of a people, and you must conduct
your war, no• doubt with some regard to scientific finance,
but also wint some regard to the spirit of the age and
the country. (Hear, hear.) There is this difference between
the work nu oted by the right hon. gentleman, of which he
appears a disciple and au ardent votary—there is this dif-
ference between a man who acts upon such views and Mr.
Pitt, that it is possible he may carry small matters to a
successful conclusion, but I should not like to see him en-
trusted with the management of groat enterprises. (Hear.)
The right hon. gentleman told us that Mr. Pitt was not a
good war minister, and he must allow me to say that ho
certainly indulged in very free criticisms of the career of
Mr. Pitt, and even spoke of his conduct in terms of repro-
bation. I do not believe that the phrase of " heaven -born
minister", which came in for a pressing censure, originated
with the Stock Exchange. I believe the fact to be that it
was the Duke of Chandos who, in the House of Lords,
called Mr. Pitt a heaven-bore minister, and therefore tho
sneer of the right hon. gentleman on this head was hardly
correct. But if the right hon. gentleman will allow me, I
will presume to give him a piece of advice ; I would give
over these unworthy sneers, levelled at the reputation of a
great minister—l would, if I were the right hon. gentle-
man, confine myself in future to self-glorification, an art
of which, I admit, that he is a master. (Hear, and a
laugh.) Let him dilate upon the astuteness with which
ho effects the conversion of South Sea Annuities ; let him
dwell upon the intrepid courage with which, to show his
spite against the party he has quitted, he can double the
malt tax. (Cheers.) But let him cease from these reflec-
tions upon the memory of a statesman who, I can assure
him, is still dear to the people of England. Let him re-
member that Mr. Pitt, whatever might have been his
failings in the opinion of the right hon. gentleman, held
with a steady hand the helm, when every country but
Great Britain was submerged in the storm ; and when he
taunts Mr. Pitt with courting bankers and money-lenders,
he may also remember that that minister owed to a grate-
ful country an eleemosynary tomb. (Cheers.)
The CHANCELLOR of the EXCHEQUER—Sir, both
the lateness of the hour, and the recollection of much for-
mer indulgence, and, I may add too my view of the debate
which the committee have heard to-night, combine to
impress upon me the necessity of not again drawing upon
that indulgence by detailed statements and elaborate calcu-
lations. The speech we have just heard from the right
hon. gentleman, and the speech with which the hon.
member for Huntingdon prefaced his motion, consisted
in great part of references to what they have termed my
financial errors. Now with respect to those financial errors,
if such they be, all that I have to say may be summed up
in three or four sentences ; because I think, after having
listened to the debate, that we have at length pretty
nearly exhausted all that can be said upon these questions
—a matter, I venture to think, of no small consolation to
the committee. (Hear, and laughter.) The case stands
very simply thus. The right hon. gentleman says that the
first financial error was the error of reducing the rate of
interest upon Exchequer bills. On that head I fairly tell
him, and I fairly tell the hon. member for Huntingdon, I
have nothing to retract and nothing to repent—(hear,
hear) ; for, in my opinion, the reduction of interest to the
public was both a great and a just advantage, and the re-
duction of the amount of the unfunded debt in June last
was another great advantage, that being also the first time
since the war when a large reduction of the unfunded debt
had been effected without loss to the public. So far, then,
as that subject is concerned, I hope the hon. member, if
he is disposed to do so, will not scruple to bring it before
the house, because this house is the ultimate judgeup
what principles every department of our finances should
be managed. I have announced plainly and without dis-
guise the principles upon which I have proceeded, namely,
in the first place, that the public is entitled to borrow upon
the best terms on which people are willing to lend ; and,
in the second place, that the sound policy is to reduce your
unfunded debt in easy times, in order that you may be
able to make an effective uso of that great instrumett in
times of difficulty. (Hear, hear.) These are the principles
_
on which I stand ; the hon. gentleman says trfuorly that
tol
do not recede from those principles, and
consider whether he chooses to submit_ the isssue between
him and myself to the judgment of the House of
conversion
Commons.
With respect to the second subject, that of the
of the minor stocks, I really have butnothingtodeao t
stated
on and it is needless for me to repeat what
I have
on former occasions. The right hon. gentleman accuses
me of self-glorification ; he says that I have not spoken
upon that subject with sufficient humility • I have only
i des crbed it as an abortion, and that he thinks is a phrase
savouring so much of conceit on my part—(a laugh), that
it is far from expressing what is due to the character of the
Well, sir, if the right hon. gentleman will him-
measure.
selt frame mouth. of words which he thinks ought to be
put in my in the shape of a confession, I will see
whether I can accept it ; but if he undertakes that task,
I very much doubt whether he will be able to invent
stronger terms of description than the words I spontane-
ously used at the commencement of the session. (A laugh.)
The right hon. gentleman, in order to lengthen his cata-
logue of delinquencies, appears to me to have stolen a
march upon us when ho made an error do duty twice, for
the error as to the unfunded debt passed muster as the
first, and subsequently as the fourth. (A laugh). I take
the liberty of retrenching that excrescence, and stating
what I have done with the unfunded debt. The right
hon. gentleman found another error in saying that I had
tampered with the funds of savings banks, and that there
had been, as appeared from the papers laid on the table,
iu consequence of that tampering, a loss to those persons
who had invested their money in savings banks. Now, I
must again say, that I rebut and repudiate the charge of
having tampered with the funds of the savings banks. I
have done with them precisely that which it is the duty of
a Minister to do ; when the deposit money comes into his
hands, he is bound to invest it according to what he be•
lieves to be most for the interest of the country. (Hear,
hear.) I must confess it is my opinion, and, speaking gene-
rally, I suppose it will be the opinion of the house, that
the Chancellor of the Exchequer ought not to apply savings
banks money to meet the expenses of the year. I have
done, as the right hon. gentleman knows, no such thing.
What then have I done ? I might have invested it in re-
ducing thefunded debt ' • I invested it in reducing the un-
funded debt. The creation of stock which took place was
.
a creation of stock against reduction of the unfunded debt.
In that way I say you nay examine if you will that
err! g
idol). which took place in consequence of the purchases
mad. mad. with the moon of itaying4 *baba ha 4 _o*` mu"
•

• that it Was a more economical seduction—a more economi-
cal funding of Exchequer-bills, for that is what it amounts
to—than had ever been made upon any former occasion.
But I cannot express the astonishment with which I heard
the right hon. gentleman say that the consequences of my
tampering had been a loss to those who invest their money
in savings banks. Why I spoke the other night of mythical
histories ; but I really begin to doubt now whether it is
not a mythical history that the right hon. gentleman him-
self was once Chancellor of the Exchequer, and that being
so, he was trustee and manager of the moneys received
from savings banks. (A laugh.) Why, he either has never
known, or has entirely forgotten, the terms upon which
these moneys are held ; and his statement of a loss to the
investors is so mischievously absurd that I am bound pub-
licly to state to the house what I really should have hoped
it would not have been necessary for me to state to the
right hon. gentleman, namely, that the use made by the
Chancellor of the Exchequer of the savings banks moneys
has no, bearing whatever, and no conceivable connection
with, the security of the parties for the amount invested by
them. These investments areinvestmentsmade by the State
for account of the State, and at the risk of the State. The
covenant of the State with the depositors in savings banks
is a covenant totally irrespective of that investment—the
money, when received becomes the money of the State ; and
these are the elementary facts of the business of a Chan-
ce. _or of the Exchequer. But, sir, the right hon. gentle-
man stated, and I think truly, that this was not the gravest
error that has been committed. He said that the great
error of the last year, among the series of five which he
enumerated, was the error of the peace budget. Now I wish
to know whether the hon. member for Fluntingdon and the
right hon. gentleman are or are not prepared to challenge
a verdict either from this house or from the country upon
the budget of 1853? Ono would suppose, from the lan-
guage of the right hon. gentleman, that that was the case,
because he has laid down the doctrine that no taxes what-
ever ought to be repealed when there is a chance of this
country being engaged in a war. Now, first of all, what
are the merits of that doctrine; and, secondly, what would
have been our position if we had ventured to act upon it
last year ? Why, sir, we had the greatest difficulty in de-
fending the taxes of the country from the rapacious fingers
of the right hon. gentleman. (A laugh.) Not following
the course which had been usual with an ex-minister of
finance, the right hon. gentleman thought he best dis-
charged his Parliamentary duty by joining with every vote
and catching every vote for the repeal of this tax or of that.
(Cheers.) One week it was the hop duties—another week it
was the advertisement duty, which, as a Minister, he had
declined to repeal—another week it was the consolidated
asumitiesawhich, as a Minister, he had declined to remit.
(Cheers.) One week it was one tax, another week it was
another tax, but I am in the recollection of the committee
when I state that twice a week usually, until the time of
the budget of 1853, it was my duty on Tuesdays and
Thursdays to appear in this place for the purpose of defend-
it nr
yg —a
gaani dn
st notat at
al we
kasy se
istuhcecre
joineds s ull y
int hoer fin
leda nocne sboyf
tt
hh
ee cr
guhn
t-
whoonui gedhnatvleembaenen.
m(Cyhseueersee.)ss
if Iwhouladd
elinkteurted
tax should be repealed. (Hear.) Now, is thaot
atkno loawy downwh
the doctrine that as long as there waswhat
v a chance f war
sue und n
doc-
trine
or is it not? What is the situation of this country
with respect to the chances of war ? Why, with the power
you possess, with your extended relations, with the
a
rms
of Britain's strength and influence encompassing the globe,
there is always a chance of war for this country. There
has been no period for many years past at which there have
not been grave questions in agitation, sometimes in rela-
tion to one Power and sometimes to another, sometimes
in relation to one continent and sometimes to another. If
you pass over these events, you will find that if you are
to wait for a period of absolute and entire tranquillity
throughout the world, you will never repeal your taxes.
(Cheers.) And now, sir, I am obliged to say—and that with-
out rendering myself liable to the charge of self-glorifica-
tion—because the budget of 1853 is the budget of the house,
which adopted it, and of the people, who approved it—
(cheers)—l am bound to say that, at this moment, Ido not
regret the repeal of taxation which took place last year.
(Renewed cheering.) I do not regret the repeal of taxes
which gave an immense stimulus to the trade of the coun-
try, and which ended in a surplus revenue of nearly
3,500,0001. (Cheers.) Again, I say, this question goes
very deep ;it opens up the history of past years—it opens
up the policy with which the right hon. gentleman and, his
adherents were so long identified, namely, that policy
which declined to reform the finances of this country with
a view to the extension of its industry—that policy which
is fortunately the opposite of the policy which has go-
verned the proceedings of Parliament now for a period of
ten or eleven years, and the happy and blessed fruits of
which the people of England are 'now reaping. (Cheers.)
Sir, the right hon. gentleman adverted to the charge which
I made against him with respect to the income tax. I
think he was perfectly justified in referring to that tax,
but I wish him to understand that he has entirely miscon-
ceived the nature of the charge which I made against him.
He says my charge was, that in December, 1832, he did
not lay upon the table the schedules of the income tax.
I made no such charge against him. What I said was he
did lay upon the table the schedules of the income tax, and
be accompanied them with a declaration that schedule A
was to be taxed at 7d. in the pound, that schedule C was
also to be taxed at 7d. in the pound, and that schedules D
and E were to be taxed at 51d. in the pound ; and my
charge against him was, that at that moment he had not
prepared any plan for carrying his proposition into effect.
I founded my charge not upon a mere rumour or upon any
indirect information, but upon the declaration of the right
hon. gentleman himself, because, when charged by a right
hon. friend near me and others with the absurdities whioh
would result from the schedules as he had stated them, his
reply was that he had not had time to look into the sche-
dules. (Hear.) One word more upon the question of the
peace budget. The right hon. gentleman and others miss
up, in a manner not altogether convenient for the discus-
sions in this house, the responsibilities which attach to the
department of finance, and the want of foresight and fore-
thought which they impute to the Government with re-
ference to the war. I have already stated what our posi-
tion was in that respect. If the Government were wrong
in their anticipations of continued peace, and if they fell
into error on that point, that of itself is a subject for dis-
cussion and consideration in this house. We do not shrink
from the issue. We do not think the budget was a bad
budget even fora time which threatened war. By that budget
instead of sacrificing the revenue of the country, we greatly
strengthened its basis and enlarged its resources. And,
sir, we did more. I would like to know whether the right
hon. gentleman has ever considered the moral grandeur of
the spectacle which the people of England present at this
moment with respect to the willingness to make great and
generous efforts for a just and necessary war? (Cheers )
It is a noble attitude in which the people of England stand.
There is a willingness to undergo taxation such as, I think,
has never been seen in former times. Why do the people
show th t willingness? Because, sir, they have confidence
in the House of Commons—because they see that it has
been the business of Parliament to remit taxes, and to re-
lieve them from burdens, when such remissions could be
made. Iu my opinion, the financial measures of last year,
which remitted such a large amount of taxation, with the
series of similar measures which preceded them, form some
part of the cause why the people have evinced so great a
disposition to meet the wishes of this house, and to snake
an effort to provide by an immediate sacrifice for the great
expenses of the war. (Cheers.) Sir, the substance of
what I have to say in regard to my own past conduct is
this—it seems to ins that these are questions which have
pretty nearly, to use an ancient phrase, "bolted the bran,*
I think we now know pretty well all that can be said for
or against them, and it is time for the house, if they wish
to do more, to proceed to consider them in a more definite
shape. Iu the meantime, it is needless for me to detain
the committee any longer upon the matter of the unfunded
debt, the conversion of the minor stocks, or the alleged
tampering with the money of the savings banks. Sir, the
hon. member for Huntingdon made a speech to which I
listened with a sense that, while it was the speech of a
gentleman opposed to us as the member of a party, and be-
longing to a most powerful and highly respectable class,
with which, quite contrary to my desire, circumstances
seem to have placed me in contact, yet, at the same time,
that it was the speech of a gentleman who stated nothing
that he did not sincerely and conscientiously believe, and,
the speech of one, moreover, who well knew how to place
his opinions and sentiments before the house. I might even
go a little further, and say, that if there was one sentence
in his speech which appeared to me entirely out of place, it
was that in which he alluded to his own want of custom in
addressing the house, and apologised for having ventured to
tshpeaatkl upon
take tahequestionbou of u much
-cs-I must
rme sal-
.gentlaemanto ibmepaufirtrasut rate Palia
etlaarbyoararttiesto.r
almnoerveeerffeheetaivrde
uasemoafnhims
amkauteeritahlse.r a
Itraaop-re
pe
I
hdoiudse ntpasonk
amr ee (n 1
ttaor
ymoer
at ht
oar
yt of
fora enne(vl ee(rl
saw t ot
.ha egveenruye he
ai
gentleman
hdti
sopfl
aPyasre-
hui fc
h the
we
mm
autcthe dexterity
rsof iu
secondaryfixng
iimpotrtheanaenetet,otiown
endmgent
the resolutions upon the table a
you to vote, and in shading over annd(
bpisutotiwnng oaumt onfosi ht
purpose
them. (Cheers.)
t(hCeh eheorus.B)o
toM those resolutions. They have y is, sir, to draw the
autpteonnttiho
been described by the right hon. gentleman opposite as a
loan in masquerade. I have stated to the committee why
I think that description is fundamentally untrue. Criti-
cisms may be made upon that project. One has already
been made by the hon. member for Wick, who says that it
would be wiser to issue the Exchequer bills at a higher
rate of interest. 7 am disposed to coincide with the justice
of that criticism. (Hear.) The rate of 3i per cent. was
fixed at a time when, according to the best advice I could
receive, there was reason to suppose that money might
have been raised at that rate; but circumstances have
changed since then, and with the permission of the house I
will amend the resolution by saying, " at any rate not ex-
ceeding 4 per cent." (Hear.) I wish, sir, to describe to
the house what is the meaning and intention of this pro.
posal. When in March we proposed that we shonld be
authorised to levy a double income tax for the first half of
the financial year, taking into view the interval which
should necessarily elapse before we could receive the pro-
ceeds of that tax, we asked for power to raise 1,750,0001.
by Exchequer bills. When we came to make a farther
proposal to the house, and to propose to raise nearly
7,000,0001. of new taxes, wo had to consider that not only
the same but a more considerable interval must elapse be.
fore the proceeds of these two taxes should reach the ex-
chequer. Twopence halfpenny upon the income tax will
yield us about 3,250,0001., but no appreciable portion of
that sum will be realised within the financial year at all.
It will only begin to be realised, with certain small excess,
tions, after the month of April 1855. Nearly the same is
the case with regard to the other duties. With respect to
tho malt duty, the proceeds of which formed the principal
item in the catalogue, after the income tax, it will not begin!
to be realised in any considerable quantity until the winter
has t:t
haa approached; and therefore it followed, as a matter
had
course, that when the right hon. gentlemen near
after
be—a work of no small difficulty—it was our duty.
to
framed their estimates of what the war expenditureit would
determining to call upon Parliament to m.akee.o _ _
meet that expenditure by new taxes, likeiwisof tmoinnae7l;ey4l a
posal with regard to a temporary
tshie matter; and it is
these taxes could be received. No
public balances may be referred to
about 1,000,000/. or so,
true that, to some limited extent,
raise money even irre-
spectivesysn,uPiPr the lowness of the
it, might have been necessary.
4irthat we are making to the
of the war. But,'
The object of the proposition that
place it is necessary to an-
ticipate was a small matter.
house is twofold. In the firs
us over the interval be-
'th funds to carry
to supply us with
In the second, it is imposaible
raised.
the taxes which the house has been pleased to vote
fore the taxes can be
at the opening of to form a reliable calculation of
what our expenditure Pitt thought he made an adequate
provision for the expenses of swa
will ill be
the
er
wtwarelbvye months
ereat before-
hand.ing6mil
In 1793 Mr.
lions of debt, which realised 4 millions in money • but so
far did '
the expenditure exceed his estimate, that he was
obliged to create some millions of unauthorised debt in the
wbuiltl bein
e
course of the year.ndlerpreeitreenudmnsteatntecosfolriekse what foresee
our expenditure u
order to endeavour to provide for the future as far as pos-
sible, we ask you to give us this considerable margin—this
considerable power of raising money, with a view to the
services which may be sanctioned by Parliament, or which
it may be necessary to undertake without the sanction of
Parliament—and in order to meet this extraordinary state
of tkinip—a state of things unknown to out area"

-----------'

.
,
THE SUN LONDON TITEShAY EVENING MAY 23 18 5 4
3 a 3 s
_
__ _ _
......-----____
...-• _____ ------- -
Sind known only in histor y-which is brought about by a portance. I hope the attention of the committee will be I the vote?" and to that he (Mr. T. Baring) would reply, that S lIARE MARK.ETS. LINES LEASED AT FIXED RENTALS.
general European war. ' these are the grounds on which -'
fixed on the matter really at issue. (Hear.) I have shown I when the right hon. gentleman had got two millions (the
the proposal of the Government rests. Is this, then, really you that the terms of the motion are utterly unworthy of 1 whole deficiency being 36 millions), by his first resolution, (THIS DAY.) Shr. Paid. Rareweis Leasing Cloting Prices Business
• Compans. this day. this day.
to be called a loan, or not? What says the hon. member the occasion. (Cheers.) I believe it is a dwindled and 1 and when four millions of taxes were to come in, in the •
for Huntingdoia? He u-ndertakes to define a loan, and he emasculated form of some broader proposition wh.ch was I course of six months afterwards he did not want an addi-
BRITISH RAILWAYS. --- - ______ - -.......--......
defines it in such a manner that his definition absolutely previously enteetai„a__(aeao-that some weeks ag ) there 1 tional four millions of bonds. (Hear.) Then the right hon.
50 all '3edford and hondou &
excludes everything known by the name of a loan in this was courage enoueh to frame a design of endea.vouring to 1 gentleman asked if he would say the amount could be ob- -----
Bletchley._ N. West. ... - ~, .
house. He says it ill something which, in some form or tempt the Home of Comma„ out of the path of self-denial tained by Exchequer-bills, and to that he would answer ee. o,e ILWAYS. CIOSIDe Prices Business done St• 100. Buckghamsh. L. &N.W. 93 -95 95
other, you are to repay. Well, that is precisely what a and self.eommand, into that easy and downward course of that, damaged as the market had been by the conduct of ""• ''''"' RA this day. this day. 50 all ClydesdaleJc. Caledon... 91 -96
loan in this country is not. For if you were to give a de- immediate creation of stock ; but then it was mean in what the right hon. gentleman, the Exchequer-bill market could
nß:ts. t.
.. __________::
_..._. St. 100 E. Lincoln gr.
finition of a loan in this country, it means a awn of money manner the House of Commons answered the invitation of still bear the amount. (Hear, hear.) And he would also
6 per cent. Gt.Nrthn. ... - ..,
taken on condition of Paying for It a PerPetual annuity, the Government to grant new taxes, it was then thought state that when the right hon. gentleman proposed to bor- St. 100 Aberdeen....
42:
41 25 all Glas. Barr. & Caldonian.
hut upon the condition that the lender haw no right to re. a motion in favour of a loan 3 little t°° much for the row at 4 per cent., payable in four years, and the rate ofy 5
Neils. Direct ••• - •••
,
claim it.
House of Commons generally to admit or enduro--(cheersi Exchequer-bills was only 3 per cent., they would, if they
25 all Do. Now_ Do - •••
ften it • to
Mr. BARING remarked that what he said was that a -that it was better to disguise and so , perhaps agreed to the proposal, bo borrowing in an imprudent wa all Belfast & Ballymena. ... - .., .25 all Olstreir Dia. Fr Gt. Weetn ... - ...
loan was a snm of money for which. the lender got some P ed to the hon memb
resent it-(I am greatly oblig _ .. er for for the country. (Hear.) He would say there was this ad- Di all Birming. Wolverh. &
200 84 AmandhgE.
as.Ntontt.n
jgu.
100 all Tlrtlpl. Dk. & Yk. New.
Buckinghamshire for the phrase he has supplied to-night) vantage in borrowing on Exchequer-bills, that it would be Stour Valley ...... ... 8- 9 Railway & Berw. _ - ~,
return. He got a return in the forra of interest.
t with its face and features fully displayed to the borrowing from year to year, and if the war were short ' 31 28 Birkenhd. Lancsh. & 50 all Hull & Selby Y. &NMd 101 - 103
The CHANCELLOR of the, EXCHEQUER-Then it -n°- tion of the world-but that it was better they could reduce the rate of interest for the E -
is obvious that the w ord " return" is a very ambiguous gaze and adme
Cheshire Jima
to make th iarma endment only commit the house lee a loan clsequer-bills, whereas by pledging themselves for fouxr 27k all Do. Chesh. dr Birk., 124 all Do. 4 Shares. Do 25 -26
-word. It is quite -obvious that it was the natural inter- (Loud cheers.) A loan in masquerade is years if the war should terminate to-morrow, they would
m querade.
£5O and k 25 Cons. 15 - 17 13i all teni.&Greenw S. Eastern 12 -13
pretatiou of it to suppose that it meant a return of the in', -tas are here to discuss. It is not because the Ex-
hbe bo'und to pay the 4 per
hc.ent. (Hear.) Then the right
20 all Do.Preferenee Do 221 - 234
capital borrowed. However, that is really a mere question `'f
cheaquewr-abonds are preferred to Exchequer•bills, for we on. gentleman sdd that is (Mr. T. Baring's) opinions 2252
31804 Dmoy£72h.£s&2oTyuCissed...e..ao.tvi....te..4.na..si, .. 8. -. .. . . 7. .. d
20 100 Lowestoft gr.
of words, and nothing turns upon it. You will not dis-
have used the alternative that the Government may em- tended a fortnight ago to make a motion in favour of a
4 per cent. Norfolk .., - „,
pute that Exchequer-bills are not a loan. If you describe le- either which alMears to be recommended by con- loan, and he would tell the right hon. gentleman that what- st. 100 Bristol and Exeter... 90 -02 20 WO Do. 6 per et. - •••
them as a loan you are playing with words. They are a vPeoicience. It is not because the demand is unreason- ever he intended to have done he would have done openly. St. 100 Caledonian 55 -55 A 555 51 all Aanch. Bxtn. L.& N. W.
temporary borrowing of money. (Loud laughter.) Well, able-it is not because we can safel disponse with the (Cheers.) He- never had any other project or intention 50 all Chester & Holyhead 134 - 1-44 14j and Matlock & Midld. 21 -2/ 21
Ido not wish to quarrel about a question of terms. If money, or the power to raise the monis; It is because we than to move the resolution he did. move, and that reso- 50 all Cork and Bandon 9 11 50 all Aiddlesbro' & itckton &
you choose to say that Exchequer-bills are a loan, then do not not raise a loan, and it is because uon a loan the lution was to the effect that whereas he thought it unwise 20 all Cork, Black, & Pass ... - ... Redcar Darlingt. .., - ...
.1 must call on you to be tried by that principle, and in humble leader of the landeld in. terest is set') (Loud cheers.) th name any fixed. period for payment of positive oblige,- 20 12 Cornwall
10( all Nfitlld.Bradfcl Ifidland.. 89 - 90
-that case what in the world is meant by those who lam unwilline, even in c osmg the remarks I have made tions, he thought it was much less dangerous to fix a time 10 6 Crieff Junction ••• - ••• 50 all Northern and
charge me from the other side wit'n having pro- to the committee to enter at large-and it is quite un- after six years than it was according to the plan of the 50 45 Dublin&BelfastJunc /2 - 4.3 Easternsp.c. E.. Count. 54 -56
•sed on the 16th Marcia that no loan -should be raised at
necessary for me to enter at large on the discussion of the right hon entleman to fix the time at four end five 25 all DundeePerth&Aber- 50 -e. Do. 6 per ct. D 0... ...... ... - ...
-the very time when I had proposed to raise 1,750,000/. by policy of creation of stock at
fthis period. (Hear) Ifven- yearls. t (He
har,nohear.) The right hon. gentlema:n asked deen Junction - 8 50 all Do. Fixeds pe Do ... - ...
Exchequer-bills ? (Hear.) I pass away now from the word
ture to think that the mani estation of the feeling o the wou d h 0 sbe unacceptable in the City, and to 25 all Do. New ••• - ••• 25 all Prost. & Wyr, L. &N.W.
loan. These Exchequer-honds you may call a loan or not.
house on formlelr evenings has been quite sufficient to that he (Mr. T. Baring) would reply, let the right 25 all East Anglian.... - 164 15k SzLn&Yk .., -xd
They are not the creation of new stock. They are not, of
show that it wi not accede either to an open or to a co- hon. gentleman look to his lists, and to the amount of 18 all Do., (.£lB E& H) ••• - ... 121 12 Do. 1 Shares. Do - xd
necessity, the contracting of a debt permanent in its form
vert r,oposal for such a purpose. (Hear, hear, and cheers.) subscriptions, and then he would Bee it' there was such 20 all Eastern Counties ..... 1.2 i - 121 124 i St. 100 Roystn.Se Hit. 'lt Northn ... - ...
and character. That with which you should compare, if
f.nave been told by the right hon. gentleman that I a general wish to have those bonds. (Hear, hear.) st. all Eastern Union, A St. 100 Do.Shepth.St Do • . - ...
you wish to understand their nature, is the unfunded debt ,Sir,
n.ave indulged in unworthy sneers at Mr. Pitt, and the He thought he had answered the question of the right hon. Stock .... .......... .. ••• - ... 25 1N Shealloth a, c Lancash&
•of tbe country. They belong to the unfunded debt of the
right hon. gentleman says that Mr. Pitt is revered by his gentleman. (Cheers.) He made the proposition with no St. 100 De., B. Stock ... - ...
Gooleg. 5 p.c. Yorksh. .., -
,„
country, only they are in a form more permanent than
countiymen, and received from them an eleemosynary covert object or intention of moving a want of confidence, 25 86 Do., New A - ••• 12 9A i. Staffordsh. Vl.MClean 2i -20
Exchequer-bills. That is the nature of the plan we pro-
tom. b. I have claimed, with respect to Mr. Pitt, as I have but he said it was unwise to adopt the course which the St. 100 East Lancashire 591 - 601 50 all' wear Valleygi itockt. &
pose, with a view to provide for the interval before the
claimed with respect to Mr. Fox, or any other historical right hon. gentleman had adopted. (Hear, hear.) He St. 100 Edinburgh&Glasgow 53 - 55
6 per eent... Darlingt. .., - _
'taxes can be realised, and with a view to give that large
personage, that freedom of criticism which belongs to our ••%,ould have lot bygones be bygones, and not have referred 10 56 Edinb. and Peebles._ -..- •••
25 all Do Do 29 - 30
command of money which in such an exigency as the pre-
place in this house-which it is the duty of the represen- to the statements of the right hon. gentleman, if he had st. 100 Edin.Prth &Dundee 23 - 24
St. WO Wilts&Somrs. ItWestn. 90 - 92
-sent the Government may require, without asking you to
tatives of the people to exercise when they are endeavour- not challenged criticism and defied contradiction, and ac- 10 1 Forth & Clyde June, ... - ...
place in our hands the power to raise a sum much larger
ing to draw wisdom from the experience of former times, eused those who differed with hina of gross ignorance. st. 100 Glasgow&S. Western 58 62 Pit EFER.EN CE SHAH ES.
than we should otherwise have demanded. It is not the
with reference to modern emergencies. (Loud cheers.) After that speech, it was impossible to let the right hon. st. 100 Great Northern Stk, 87 88 87a
sum that is immediately wanted. It is not the tam which
St. 'lOO eberdeeu •.• -- ..•
Sir, it was in that spirit that I referred to the errors of gentleman go without some answer, however feeble. (Hear, St. 100 Do., A. Stock ......... 72 73 72 St. I_oa Do. No. 2, p. c.
is required for the services that have been stated to you .
120 - 122 1211
in the form of estimates. It is both to anticipate taxes
and to give an ample margin to Parliament and to Govern- Mr. Pitt. If I used one word which seemed like a sneer hear.) And when the right hoia. gentleman told him to St. 100 Do., B. Stock
......
25 30 Blythand Tyne leper
at that great man I deeply regret it. It was the keenness bring the question to issue in the house, he would tell him St. 100 Gt. Sth. &Westeare.) 88 - 90 90 89
c. pref. (issd. at 500 ... -- ...
I freely grant, with which I was set of showing what ap that he would leave those financial measures of the right St. 100 Great Western.. ...... 734 - 734 731 A 4 31
anent for whatever services the course of the financial year
St. 100. Bris. & Ex. 4p. c. St. ... - _
may bring into -view. Well, that is the view of the motion peered to me the immense importance oe the proposition hon. gentleman to the judgment of the world. And if the 12 12 Irish South-Eastern •• - •••
20 5 Do. 4p. c. Shares ... - ...
- 88 86t
that is before tale committee. And now I ask is it stated for which I sought to obtain the practical assent of the right hon. gentleman wanted criticism, he would leave him 50 all Lancaster & Carlisle 86
St. 100 Caledonian £lO 93 - 95
that these Eaechequer-bonds are an undesirable form of house-the enormous dangers into which air. Pitt, not to his hon. friend the member for the Wick Burghs, who lee 11e Do. Thirds ........... 10 -12 0
15 all Chester & Holyhead
only as an individual, but actine, as I said, as the repre- had not tree.' ed his financial statement with extreme ten- 161 2 Do.'New Thirds__ 10 -12 p
security ? .1-e or now, having described the motion I must
Guar. 54 per cent ... - _
come to the consideration of what is the nature' of the sentative of a misguided people, unfortunately led the derness. (Cheers, and laughter.) St. 100 Lancash.andyorksh 60 - 604 604 !I i 64 04 eork &Bandons4p.e .., -„,
amendmeret, and this, lam bound to sa is the art of country. (Cheers ) I stated at that period-I now state The committee divided, and the numbers were- 194 18e Do., Fifths B- 74 ti
64 all Dundee Perth &A ber-
any case 'which I enter upon under a sensey'of the gPreatest again most explicitly-I will not enter into the question Ayes 290 14 11,i D e., Wst. Riding Un. ••• - ••• deco Junction
••• - ••• -
difficulty. It was with the utmost curiosity I listened to w.hether the creation of loans is to be treated as the intli• Noes lB6-104 50 all Leeds Northern l2 - 121 lei ,
32 all eastAngliam (1:310s)
-the hon. gentleman when he came to that art of his s h victual error of Mr. Pitt, or the error of public sentiment. The annouiacement was received with loud ministerial 20 all Liv.Crsby.&Soutlipt ••• -•• 6 per cent 2l -35
-a part which I must say stood in strati% contrastPZeth I will freely grant to you that has nothing to do with the cheers. llee all London & Blackeete 84 - 88 81 5 all Do. Ges) 7 per cent 34 - 4
argument. It was not Mr. Pitt depraving and perverting The Chancellor of the Exchequer's original resolutions 10 SA Lond. Tilb.&Sthend. ••• - P 84 1
the rest. Nothing could be more effecti4 than that t
71 2 Do. (X 7 17s) 7p. c. I - / p
of the hon. gentleman's speech in which he was criticiParg the public sentiment, but Mr. Pitt, as I believe, giving were then put and agreed to, and afterwards reported to St. 100 Lond.l3right&e,cet. 100 -DI 1004 1
64 all Eastern Counties Ex-
way to public sentiment. That, too feeble for the etner- the house. St. 100 Lond.and N. Westn. 964 - Hi 961 47 61
my operations -nothing more liming than the r merit
teusiou, sp. c. No. I 4- i p
Pm
of the hon. gentleman when he dePscribed and d:fignued his gency of the thee, he entered on a policy for the creation Tho resolutions agreed to in committee of ways and 20 12 Do. Fifths
64 all Do. No. 2 # - i P
of stock, the ruinous and disastrous consequences of which means on Friday were reported and agreed to, and bills 10 1 Do.lo/.51i.,M&8...e id- - 41144
ovrn amendment. Does he or does he not, mean to tell us
10 all 00. New 6 p. c. St. 12t - 124
that Exchequer•bonds-thal is to say lrocaulments of the we are still feeling. (Cheers.) This may be stated in one founded thereon were ordered to be brought in. 125 2e Do. Eighths l4 - e e 18 i
20 all Eastern Umon, Scrip
sentence. Let us only recollect that if Mr. Pitt had made STAMP ACTS. St. 100 London andS. Westn. 77 - 78 774 i Guar. 6 per cent ... 23 - 24
nature of Exchequer-bills, but current'fo( onger period
12 - lli
in 1793 the efforts which he made in 1798, and in sub- The house then resolved itself into a committee on the 50 426 Do., £5O
5 all Do. 51., 10 per cent. ... - _
-does he mean, I say, to tell us that the inion of the
10 - 9,1
sequent years the effect would have been this -the stamp acts, anti, on the motion of Mr. WILSON, the 40 34 Do. £4O
10 all Do. 101. Debentr.Sh- ... - _
city of London is adverse to the creation oelsuch a secu- country would have paid heavy war taxes six or seven following resolution on stamp duties, on conveyances, 25 all Lndadrry&aoleeeene ... - ...
ritY ? The hon. eentleman carefully avoided making any
St. 100 East Lineable 6 'Lets. ... - --
years sooner, and therefore six or seven years c. harters, &c., eeas agreed to, in order to remedy a defect 25 all Lndudrry. & Ennisk. . . - ...
5 all East and West York-
such assertion. It is very well for the right hon. gentle-
-204 20
longer, and the debt at Present would have been less to the act of last session •.-" That the respective stamp St. IA efauch.Slice& Linclu 194 -
shire June. Pref... _ - ,„
man opposite (Mr. Disraeli) to refer to the various classes
by something like 500,001,000/. of moneY• (Hear, duties granted and made payable under the several 8-28 4.4 ao., ma,. & Jan. un. ... - .....
5 all Edinb Prth. &Dundee
of wild animals with whom, acc,ordieng too his own accou.,,ht,
hear, and cheers.) And was I not justified in making re- heads or titles of ' duplicate or counterpart,' and St. 100 3fidland - 584 584 i i
he has been in correspondence . (i.auehter.) The re,nt
5e per cent. - 34
ference to those errors ?It was not for the purpose of dwele Progressive duty,' in the schedule annexed to the act et. me 00, perienbe &Derby 32 - 34
St. 100 ,elasgow&S.Western
hon. gontleman having favoured the committee •th.
wi an line on those errors that I referred to them, but for the 13 and 14 Viet., c. 97, shall respectively be pae able upon 50 476 Viand G. W• t (Ire ) ... - ...
account of the information which has been privately lin-
Guar. 5 per cent._ ... - ...xd
* ose of drawiug a broad contrast between the errors of and in respect of, and deemed to apply to, the several con- 2* 5 174 Do'. H•alf• Sheasre•s • ••• - •••
St. 100 ereat Nordin. sp. c. 112 - 114
parted to him as a matter of favour, I possibly ma.y also not go Tarphrst ears of the war and the noble and gallant efforts veyances, charters, dispositions, and contracts, described 100 all' New •a tl &C. 'lisle ..• - ...
far -wrong if I acquaint tee committee with certain infor-
St. 100 Do. sp. c. Redeem.,
made toyredeem them. (Loud cheers.) It was for the under the head or title of ' conveyance,' in the Schedule St. 100 Newint- asrkeet da
* ... - ...
at 10 p. c. prem... 105 - 107
mation that has been imparted to me as a matter of favour
' purpose of fixing as far as I could presume to fix, the to the act of the last session of Parliament, c. 63, and to e 4 ei Do Bu E tension. id- 4 e
J O. ~ ry x
It is to this effect :-That some of those letters which
10 10 00. 41 p.c. Scrip 9l - 10 10
attent'ion of the' committee on the change of policy of any delineate or counterpart thereof. That, where any 25 17A .Nwpt•Aberg.&Hrfd. 6 - 4 d
10 6 et. N. of Scot. lst Pref ... - , „
are sent out from the Bank-I apprehend as a matter of Nhic h Mr Pitt earl rceived the necessity and which such conveyance, charter disposition, or contract, as 50 ei Newry &Enniskillen 24 -24
form on all such occasions, and before the payment of the hve d'evoteh the l'asyt Pyeears of his life and 'the last re- aforesaid, shall be made in consideration of any annual 20 all Newry Warrenpoint 64 all ,et. Soutlin.&Westm.
deposit, which is the decisive time for determining whe-
-0 - 8 (Ireland) Eighths) 7l - 8
iiin.ins of his strength to bring into activity and opera- sum payable for the life of any person, or for any period and Rostrevor
20 5 Do. 4 per c. Pref. Sh. ... - ad
then the transaction shah go on-were purchased at a low tien (Loud. cheers.) That was the motive with which I determinable upon death, or any indefinite period, as here- St. 100 Norfolk 46 -48
rate by een:lemen, who did. it with a view to send them refe;red to Mr. Pitt. I referred to the error for the purpwe inafter mentioned, the gross value of such annual sum, 50 36 Nortlui.Counties Un 34 --,. :e.e : 50 6 lt. Westn. (Berks &
to the right hon. gentleman, who, they were pretty cer- of drawine the attention of the house to the mode in which calculated according to the respective tables in the schedule St. 100 North British 304 ... 31e 31 Hants Ex. sp. c)... 6- 6e
tain, would turn them to the best account in the House of that error was at a subsequent period retrieved. But the antlexed to the act of the lest session of Parliament, c. 51, 16 16 North Devon, No. 1 ••• ••• St. 100 Do. cov. red. 4e p.c. 94 -96 97
Commons. That is the counter-information which has ri ht bon gentleman worshi sMr Pitt ;he lauds Mr. Pitt; in any case where such tables are applicable, shall be 16 all Do., No. 2 - 89
••• - •••
St. 100 DO, irred. 4 p.c.... 88 - 90 891
reached me through some of the private channels of infer- hegexalts .hiea to the skies. PFor w• hat purpose ? That we deemed to be the purchase or consideration money, and 8 all Do i A Deferred - ...
16 6 Lan. &York. F. £2O Id - par -
rnation to which the right hon. gentleman has referred.
~
ma imitate his virtues-that
twh e may. come down like he such deed or instrument shall be chargeable in respect 8 8 Do., B Guaranteed ... - ...
St. 100 cm. 6p. c. Stock ... 128 - 132
But does he, any more than the hon. member for Hunt-
didy and endeavour to
finspire e British Parliament, as it thereof, as a conveyance upon the sale of property, with tne 50 all ,North London 5O -54
20 13 Leeds N. 6p. c. No. 1 ... - „
ingdon, state that the Exchequer-bonds are a kind of se- •
ivsi our dfutty to do so as ar as our power extends, with sonnd ad valorem duty granted and imposed by the said act of 10 51 Do. New £lO s- ip
12i 9 Do. Quarters, 1848 .. ..„ - ..,
carity which has been condemned by public opinion in the
_
ews o he exigencies of the moment ? No. But in order the 13th and 14th Viet., cap. 97, in lieu of the duty 10 le ls N.ScS.Wstrn.,Hamp- St. 100 London and Brighton
city of London? I claim no credit for the invention of to induce us to imitate the errors of Mr. Pitt-(cheers and chargeable under the said act of the last session, cap. 63. stead, and City Jn ••• -• ••
Guaranteed sp. c ... ... - ...
these securities. Their creation was recommended to me
countFr cheers)-and to repeat those errors in the light of And where the annual sum shall be payable for any period 20 171 North Staffordshire 5l - sild 111 if 12 St. 100 Do. Pref., sp. c. St. ... - ...
bypersons of great weight, with whom the hon. member
7 - 74
is an daily communication. My belief is, that it is a very txepelriednece, and without the excuses which may very fairly determinable upon death, or for any life subject to any 20 all North Western 5O ' all 'Do. Convertible, sp.
rational and convenient kind of security ; and that al- pea .1. on the part of those who originally fell into event or contingency which may determine the same, or 10 10 N.&S.Westru.June ••• - ••• c., 1852 ••• - •.•
thew, ( heers.) If the conduct of the right hon. gentle- for any indefinite period not extending beyond a life in 10 1 Nuneaton, Hinckley,
-though of course there are difficulties in the establishment
St. 100 Do. New Guar.6 p. c. ... -a„,
of a novel kind of security in the London money market, man is that which I have a right to suppose, and I think I being, the value thereof shall be calculated as if such and Leicester.. ...... ••• - ••• St. 100 Lon.&N. W., Cov. &
which make the course of such a transaction less smooth am right in saying the meaning of this motion is that there annual sum were payable absolutely for the life of the per- St. 100 Oxford, Worcester,&
Nuneaton - •.•
than if we were dealing with matters entirely known and ought to be an immediate creation of stock-if that is his son upon whose death the same may or must geese, and Wolverhampton .... 28 -29
50 5 London &S. Western
usual, yet Ido not hesitate to express my belief that pub- recommendation, and he wishes to support it by reference without regard to any such event, contingency, or period 20 2/ 2s Portsmouth ••• - •••
Con. Thirds 24 - 21 p
lie opinion is in favour of the creation of such a stock. to the memory of kfr. Pitt, it reminds me of a scene which respectively." St. 100 Scottish Central . B5 87
126 all aondonderry& Color.
SVliat, then, does the hon. member for Huntingdon mean once took place in this house, when the memory and autho- The resolutions on the stamp duties agreed to in com- St. 100 ScottishMiclland 52 ••54 54
1 Shares ..• - •••
by this motion ? Does he mean a vote of want of confi- rity of Mr. Pitt were quoted against the principle of com- mittee on Friday, were reported to t'he house, and bills St. 100 Shrewsbury &Biling. 51 - 53 524
12A all Londy. & E unis.4 Sit. ..• - ...
deuce in the Government ? He did not say that he meant mercial freedom. There is a. particular instance in which founded on them were ordered to be brought in. St. 100 Do. L. &N. Weetern
25 all Wan., Shef., & Lin.,
a vote of want of confidence, and I will not discuss it on Mr. Pitt, acting under the pressure of circumstances, did The Customs Duties Bill was read a third time and Guaranteed St Gck... 52 -54
4 Shares, No. 1. - 65 .
that ground, because the right hon. gentleman opposite adopt a measure hostile to that principle, and his authority passed.
10 10 Shrewsby. & Hereal 3 - 2e
10 all Do. New, £lO Bl - 9
said it was idle to treat it as a matter of want of confidence. was quoted in the House of Commons. Mr. Canning, his The Valuation of Land (Scotland) Bill went through 263 all Shrewsby. & Caestei
6 46 Do. £6 4 -id
He said the committee had a perfect right to pass a judg- follower, who said his political allegiance lay buried in his committee pro forma, for the purpose of amendment. (N. W. Min ; l3 -15
124 all Vlarypt.& Carle! p.c. ... - ...
inent-and so I agree with him, it has-upon the means grave, resented that reference as an insult to Mr. Pitt. He In answer to Mr. WHITESIDE, 131 all Do. Halves,e a 64 -7i
••• - •••
12-4 all Do. 44 per cent
10 - 14
proposed by Government-for what ? Not the means was not satisfied with compliments as a great Minister, Sir J. YOUNG stated that the Towns Improvement 20 all Do. Oswestry
12i 106 Do
• - ..•
1
..
when used as an inducement and seduction to commit that (Ireland) Bill would b 0 talcen at a morning sitting after 20 66 Shropshire Union ... 4 - 3id
St. 100 Aid. Consol.6 p.e.St. ... - ...
proposed by Government to meet the exigencies of the
Do. A, B, C,& D,fully
St. 100 Do. Consol. Bristol &
case, for that has been done bv the taxes which have re- Minister's error. Mr. Canning said :-" Those who allude Whitsuntide.
... ...
ceived the unction of the house-but to make a temporary to the memory of Mr. Pitt, while they wish to draw us The Public Statues Bill went through committee, and paid up at per cent. ... - _ per cent. %rm. 6 per cent 139 - 132 i
into an imitation of his errors, remind me of those barber. was ordered to be read a third time on Thursday next. 50 all South Devon l3 -15
163 5 Do. Pref. 44 per cent le - lid
provision in anticipation of the proceeds of those taxes.
604 614 614 41.11
What, then does the motion mean ? The hon. member ous nations who profess to worship the sun in the heavens, On the motion of Mr. PIGOTT, a select committee on St. 100 South Eastern
10 6 Norfolk Debenture .. ... - ...
for Hunting'don does not say that we are making an un- who adopt him for their deity, but indifferent, when in the medical relief was appointed. 50 all South Wales 34 - 35
St. 100 Do. Pref. 4p. c. Stock .., - ...
reasonable demand-that we are asking too much ; nor blaze of meridianglory, when he falls into eclipse, come with Mr. FRE WEN said, before tha house adjourned, he 20 15 S. Yrksh. & Riv. Duo 4- 24
St. 100 Do. 5 p.c. Ext ••• - ••• 1
does he deny that the taxes will have to be anticipated by their cymbals and their dances to adore him." (Loud wished to state that he had received a letter from a gentle- 20 5 Do - 5
St. 100 Do. 54 per et.pref.... ... - ...,, .i
some provision in the way of ready money. He referred cheers.) That is the view which Mr. Canning took man alluding to something he said on Thursday night. He '2O 2/ 2s Staines,Wok. &Wok ... - ...
St. 100 Do. Way. Val. sp. c. ... - ... '
to Sir H. Parnell, who states in his admirable and useful of those who pronounced eulogies on Mr. Pitt, was proceeding to read the letter, when he was called to 25 all Stockton & Darling 30 - 32
St. 100 North British •• - ... 99 ,
and said that Mr. Pitt was a great man and order.
16e Stockton & Hartlepl. ... - ...
work on finance that one great reason for reducing a large
20 all North Staffordshire ... - ...
unfunded debt was, that at the commencement of a war had an eleemosynary tomb, in order to conceal that which The SPEAKER said no gentleman out of the house was St. too Taff Vale . - •.•
St. 100 Oxford, Worcester, ag, . (
it deprived Government of the command over Exchequer- was steadily the policy of Mr. Pitt in his closing years, and entitled to know what passed in the house, consequently 10 8 Do. £lO shares. ••• - •••
Wolverh. X 15,6 p.c. 94 -96 95 ,
to induce the repetition of the errors of the earlier portion no gentleman in the house could read a letter referring to St. 100 Do. Pref., No. 1 ... -..-
15 15 Do t
bills, until the war taxes should become productive. That
•• - •••
of the war-errors which he saw of which he repented, what passed in the house. (Hear, hear.) 25 21 Thames Haven Dock
81 all ecot. Cent. , New Pre ... - ... 1
is precisely the case with reference to which this pro- • '
which he used, and induced others to use, the most tre- The house then adjourned at a quarter-past two, and Railway - 35
8 all ehrews. &Biriii.N.G. 84 - 9 i
posal in brought forward. The honourable gentleman,
Inendous efforts to redeem What did Mr. Pitt do when 20 17 Vale of Neath l7 18 18
10 all ihrewsby. & Chester
then, does not refuse it because the sum asked for '
he found the country in the state into whichit was come- 20 an Waterfd. & Kilkenny 4 - 5
1 (Nor.W.Miu), 8 p.c. 154 - 165 1
is too large-he does not venture to condemn Exche- SHIPPING INT ELLIGENCE.
,
sinking deeper and deeper into the mire by the lavish use 50 all Waterford&Limerick 20 22
10 10 IDo. 5 per cent 9l -10 '
liter bonds, or to eay that that is an inconvenient form
of that national credit to which the hon. gentleman has re- - -a. 20 16 West Cornwall ••• - •.•
25 all South Devon ll -13 (
ef security, or unacceptable to the capitalists of London.
.He has not stated that lam wrong in asking for Exche- ferred? He did as we do. Ha came down to the House of CUSTOM-HOUSE, MAT 22. „, 1 West End of London
10 • Do. fixed, 41 per cent ii.l - i P (
Commons. The hon. member for Huntingdon said he hada ENTERED INWARDS.-The Lion, from Gravelines ; and Crystal Palace.. ... - ...
1.0 6 all S. Eastern (Readine •
,quer•bonds, instead of Exchequer bills. I heard the hon.
member, indeed, say at one part of his speech that the great respect for the House of Commons, but at least there Leonne, do. ; Jane, Ghent • Stad Dordrecht, Dort ; John 20 all West London 5l -61 Ann.) of £l. Os. 6d 221 - 234 , g
money might have been raised by Exchequer-bills if I had were some things which the House of Commons could not Henry Yates, Dantzic ; Vesta Corunna • Den Gode 10 51s. Wimbled.n&Croydon ~,,, dis St. 100 Do. 44per cent. 9B - 100 1,
St. 100 YorkNewctl.&Berw. 65 66 66 55
not destroyed the market by injurious measures. Well, do, and I think he said the House of Commons could not Moder, Christiansand •, Freesland,'Worcum ; imite Mouse, 20 all S.Yorkshalp.c.Guar. 15 -20
25 20 Do. Extensions
.9 -86 d 114 4
b
now, the hon. gentleman not having told us in plain terms induce a man to buy an article which he did not want or Lisbon • Release, Gallipoli • Anna Catharine, Flensburg ; 25 all Stockton and Dar.
he did not like. I fully grant we have not the thumb- Palm, 'Antigua ; Santos, 'Matanzas ; Pauline, Callao ; 25 130 Do, G.N.E. Purchase 51 - 4ad
b
lington, 4 per cent ... - ...
what his amendment did mean, I am obli ed to et at an
St. 100 York &N. Midland 46 - - 47 465 7
affirmative proposition by showing what itgdoes ngot mean. screw, as in former times, for the pupose, according to Lion, do. ; Pearl, Para ; George Guildford, Odessa ; 25 5 Do. do. do. ... - .., v
the language of religious persecution, not of punishing George Frederick, Konigsberg ; Eclipse, Rouen ; Minerva, - --
t
125 all Stockton and Hartle- .
It does not mean that we should have raised the money by
Exchequer-bills, because he said that we might have done those who were unwilling to believe anything, but to Mauritius ; Anglesea, Jamaica ; Kate, Galatz ; Wilber- FOREIGN. pool, guar. sp. c. P
1
it if we had not spoiled the market ; and, of course, if the make them willing to believe. The house has no command force, Mauritius ; Virginia, Odessa ; Kate Callao ; Duke
of such instruments as name, but I am silly enough to of Richmond, Odessa ; Hylton Maid, do. ; Industry, Dun- till Ist July, 1856 ... - ...
5 3 Waterfd.&Kilk.6p.c. 2 - 1 d ci
market was spoiled, it is clear that we could not take this
believe the votes of this house have a considerable effect in kirk ; Juno, Uckermonde ; Anna Dorothea, Nykjobing ; -150 9 Antwerp&Rotterdam 31 -3 d 51
St. 100 York, Neweastle,and
course. He does not say that we ask too much ; and while
3 Belgian Eastn. June. 1 - 1
inducing men to bny to-morrow what they will not buy Emanuel, Skive • Agnes Blackie, Callao ; Panama, do. ; - Berwick,4p.c.Pref. 88 -92 89 4
asking you to condemn the issue of Exchequer-bonds by
cl
lie motion, he does not think fit to say that they are a to-day-to give a price to-morrow which they would Mary Ann, do. ; Ondemenong, do. ; Garland, do. ; Johanna, 17 SDo - 35
h.
form of security of which he disapproves, or that they are not give yesterday. (Cheers.) And I rather think ex- Carolinenseil; Fendraght, Ystad ; Kangaroo, Port Philip
Pm 25 10 York&N. Midland El.
. .n.i e. Pere!,
,_
.. 1.1 . ia cl
a form of security disapproved of in the city of London. perience is on my side, became whereas fourteen or fifteen and Cape of Good Hope; Cormorant, Rotterdam ; Mary and '''entral of Italy - •••
'
days ago people would give no more than 87/. for an Emily, Stettin ; Clara Catharine, Carolinenseil ; Reena, 2-6 :aaj a"'quirieroi& Erquelin. •
(Hear.) Well, then, what is the meaning of the amend-
•. - •••
annuity of 100/, bearing interest at 3 per cent. Consols, Nykiobing ; Vrow Hellegina, ditto; Renshaw, Mauritius; 174 all oemerara
220 a 28s. Boß:meieubrstaiyalt,°BiGuarardoijadaslaacavuive
44d :
43p. d
MINES
ment ? I must say that lam only aware of one meanin
- - •.•
within three or four days they will give 89/. and some- Emmanuel, Render; Elizabeth and Mary, Bruseels; Geb-
it canhave. It appears to me after watching the debat!
carefully, that the meaning ofrtheamendment is thatthere thing more, for that very self-same annuity . (Hear, kea, Memel; Gen. Von Wrangel, Strelsund; Marie Wool- 1 all ague Fria
should be a loan in the ordinary sense of the word-that hear.) And lam really apt to believe that certain Emerald, Antigua ; Jantina, Groningen; Feliza., 'Belize;
---- 24Ppd 214 4 1 all angle Austrin. Gold i - 4
there should be a creation of stock. I think that is th votes of this house have a great deal to do in bring- Marys, Memel; Giovanna Leopolda, Venice; Gretina 10s. all -angle Californian - 5p 1
isaference to be drawn from the speech of the hon. male! ing about that change. (Loud cheers.) But if you are Skive; Essex Thisted; Neptune, Aarhans ; Eindraoht; 20 2 Do. _
.na _ 1 - 1 d
E 01,4
EasoDuijtoteuhltutElixtdiha7;nfsasihro:on 4.1. i
5 all Gt. Indian rem ma i _
,„ 10 2 Australasian 1 - 1 d
man ; indeed, I think it was declared with tolerablegplain- satisfied with the experimental effect of votes of the House Carolinenseil ';
Mercur, Memel; Elizabeth Marie, Av.rhaus; 20 6 australian - 2 11 1
of Commons, I am still weak enough to believe that, Enigheden Neustadt; Vriendschap, Dantzic; Saint Jocob, 20 10 Ced. Junct. of France ~, _
...r
mess and ingenuousness by him. It appeared still more
1 all Australian Cordillera - 1 i II
if it be the determination of the House of Commons that ditto • Mediterranean, Belize; Clarendon, ditto ; Artag-
clearly in the course of the debate, for the hon. member
9 - 7 d 1 all A ustraliau Freehold - a an
for Belfast (Mr. Cairns) stated that he thought there the financial measures for raising new taxes shall be non braeomestra • Candidate, Hamburg • Rio Packet 1 all Ave Maria - 4
should be an equitable adjustment of burdens between passed into law, they will be passed into law, and Rio'Janean ; Princ'e of Wales, Gothenburg'; Oudemenin '
that no inconsiderable effect will be produced by that Colding ; Furet, Gravelines ;De Tweeling, Svendborgg: 100 all I,eo. d ...
1 all Baden (Gd. Duchy ofe - i an
ourselves and posterity. Well, sir, I was very much struck
decision of Parhement on gentlemen who dealin the particu- Gloria Deo, Nykiobing • Tennant, Hamburg; Ceres, Cal- 10205 37ti Gfelo.d.•De _
22003
0.1110
Gatts..lCvaenernete.eutbsraenineliklO:ufffrceCaFszenalndac -e' 1... --- 1...dd 91
50 all Blaenarvon Ir. & Coal - 10
sa,
by that phrase " e9uitable adjustment." It seems I was 1 . •
ar commodity of money in the city of London-(cheers)- - 195 195 1 1 all initishAustrin. Gold _ - ... 1 tal
wrong in the conj ecture I repeated from others with re- mar; Iliona, Callao •, dolconde, Bordeaux; Patriot, Lan-
gentlemen with respect to whom, permit me to say, if I zarote ; Elizabeth, Dunkirk ; Vera, St. Kitt's and Neves• 20 13.5 eritish Iron - 8
'meet to the bit th of the phrase " heaven-born." Let us see did dr
35 246 Brezilianlmp.(issued ) -
,
op a word which seemed to savour of disrespect, I
if I shall be more happy in tracing this phrase to its origin. d Genereuse, Caen ; Zeus, Tarragono; Empire Queen, b '
Ca a; 100 all Do. 6 per cent.
eeply regret it, because I hold it is not for any one in Margienna Margarett, Nykiobing ; Nereid, Odessa. Lake Const. & Basle .., .._. 30 all Do. Cocaes & Cuiada 14 - 25 ham
I think it was a phrase invented by Mr. Cobbett, and in-
this house to find fault •
with any class of his fellow coun- n 20 5 ~ . , •••
.uNTERED OUTWARDS FOR LOADING. - The Reli-
Quebec and Montreal ; Spirit of the North, 20 15 Do. St. John Del Rey 29 -31 30A tin
tended to describe the terms on which what is familiarly
tI • •
rymen, east of all is it consistent with dut or ro ri t 5 all Lu
i•O4 ;11• Hpaoencaßealifnpis
s&aDosTloiroso.p)n'.steo7. p-a'r -- fie*P
called the sponge should be applied to the national debt-it itt a Minister of the Crown. (Hear, beery and') chPeeresy.) 1 1 Carson's Creek - 1 d
Sa'nhcaen'ghfaoir; Stud Dordrecht, Dordt ; Thomas Harrison, pref
wa
meant with him the composition which the nation should As Mr. Pitt made his ap Ito the souse, 5# -51 51 4 1 6 Clarendon Con. Min.
20 15 Luxembourg
ha,
of Commons) Madras and Rangoon ; Robert, Demerara ; Vesta, Alex-
make with its creditors ; and now the hon. member for so we ap eal to the HoPuesae of Commons ; as Mr. Pitt Co. of Jamaica__ ... - _ l
Belfast proposes an "equitable adjustment" of burd.erts placed befoPre the House of Commons his vote for its sup- amine. • Armaes, Ceylon; Braganza, Payta ; Ripa, Cuba ;
White 'Mouse, St. John's, Newfoundland ; Queen, Oport -• 1) i- la 40 all Cobre Copper 42 -44 pla
5 1 Colonial Gold i - la
between the present generation and posterity, and I think port in the system which he proposed for raising the ne- ° 5 3 Do. (Cana I- li _
Dos, Demerara.
and Lisbon ; Jenny Lind, Demerara ; Top Smet, Port
Geneva ... 2 - 1 d 31
150 1520
DDD
oeo
..
p 6( R.rpoe
fi lc:
.a yp)r
e. .
f•
......
......
1344 i 31: d
3a
... 15 Copiapo
his plan did pretty well correspond, as to its inequality, cessary means from the conntr nd thereby obviating,
2100
St. all Copper MM. of Eng. 50 -60 s
weith the idea of Mr. Cobbett, for his plan was simply to as far as ossible, the neces ity'foaar reaskorting to stock, so Adelaide; Emigrant, Hamburgh ; Clarendon, Sierra Leone ;
wh
borrow in the money market whatever yon may require for we at the') first moment of tshey Burgomestra Van Reenen, Melbourne ; 25 all Do. Pref. 74 p. cent. 2 - 4 p
me
5 all English and Austrin.
rmt ee ontr proposal to CLEARED OUTWARDS WITH CARGO. - The Eliza-
giv
the es:penses of the war. Well, that is the plan of the the House of Commons entrewat.
h ,fr ing hm o assist and beth, for Stockholm ; Elaine Engelina, Leer ; Rosa, Ber- adras
20 134 A . A t
.a
CopperSmeltg.Co. li -24
hon. gentleman the member for Belfast. The right hon. •
support us in sue an e ort as may be reasonabl ex- • A 334 Maria nom
y bice ; General Wiltshire, Aden ; Tantivy, Sydney ; El- 33- Nve - ...
20 all General - ... pro
S.
gentleman opposite held, as I thought, very much the same ed f th lth d
pect rom e wea an power of the country to 10 all Do. do. e •• -•••• •••
2 all Great NaggetVein I - e
speth, St. Lucia ; Salacia, Hobart Town. 20 128 LLyyoa.nliss-adc.nMd editerran. „id -__
paer.
21) 2 Melbourne Dk. &Ry. .., _
...
aid(
language. I think he said it was better, if we wanted raise the means towards meeting the expenses of tbe
2 all Do. Registered - ...
-
20 all Namur & Liege (with
3 all Great Polgooth - la upc
to raise money, to raise it in the usual manner ; eear. (Hear, hear, and cheers.) The right honourable
7 - 71
and that he thought we should follow as much as possible -1
gentleman has referred to what was done in the ar 18471 LrvEnnon, May 22.-The fore part of a vessel of about interest)
1 all Liberty - i i 4
the precedents in our possession. I could not help being and I shall make a remark u on that sub•Eil: f
p j
, Or 1D 400 tons, bottom up and coppered, was passed, M o
lat. 48 N., long 28 W, in the vicinity of the Three-eahyi •- -- 3 all Linares . lO -11 3
struck on an early night of the session-I think the first . ch •
tom es upon one point that I have not yet touched upon
1 all Lond.&Californ.Glold bur
evening on which we had any financial discussion-by ain the speech of the ri ht hon. eentle H •
man. e says in the b • •f h 0 f V"
neys, y the Queen o t e cean, rom irgima, who Do. 20/. 3p• c Bds-
Quartz Crush. Co. ... - ... feta
sentence which fell from him. He said, "You had better go ear 1847 a loan was faised ley•°Cons Is nd he a k hat spoke and enchanged cheers with, on the 16th May, lat. 20 all (fray B.& Ams-Slis•) • a - •• •
1 all Mariquita - i core
50.20 N., long. 9.38 W., the clipper ship Lightning, for 10 all Norwe'gianTrunkPref 8 -9 xn
and borrow seven or eight millions now, fori f you do not do Ywould be our condition now if o h:dr:,•sed tha-:1 sw b
10 9 efexican&S.Amerien. 6 - 63 otht
16 - 16.fp
it now you will have to borrow it on worse terms, and at E h yb
din 1847. It i y:t u i
tea.
e. y Melbourne. The Glencairn, from Glasgow, has arrived at 16 all Nor.thern of Fran_ce.. 32 - 321
20 10 Paris and Lyons
ti;,.. 20 all Do (ex interest)
1 all New Granada 4 - i in t
xc equer onfs . s qui eunnecessaryto en ermto
a higher rate of interest." The recommendation showed Quebec (May 10)- the first and only ship from England at dA
ae all Ditto Bonds - •••
a comparison o the circumstances that dictated one course that date.
10 all Paris and Orleans 44 - 46 1 all New Linares Mining of llt
me that the right hon. gentleman greatly cherished the to my right hon. friend in the year 1847, and that dictates MEafm.-H.M. screw steamer Archer, arrived in the and Smelting C 0.... .., - .., 31
idea of a loan. He has thought fit to taunt me to-ni ht
g another course at the resent mome t
p n . (Hear.) The
a lei
trith having proposed to increase the malt tax out of spleen roadstead for provisions and water, reports an English 20 all Paris and Strasbourg 291 •- 30 ad 1 all Nouveau M0nde...... 5- 4 1
cases are entirely different ; that was an isolated o era-
-20 all Pontgibaud Silvel spot
t°warde the party opposite. I cannot, sir, enter on any P steamer to be approaching with four Russian prizes in 20 10 PaiisCaen & Cherbrg. ... -pm
such tion ; this is a period at which unfortunately we have
Lead Min. & Smelt. 155 - 165 men
,_ . discussion with the right hon. gentleman. If there tow, supposed to have been taken out of Libau Harbour 101 10f Quebec & Richmond ... -
...
before us the prospect of a continuing and extraordinary 20 all Paris and ROUen 35 -37
5 1 Port Philip 4 - i cue
ge Ihose in this house who think that I myself could be yesterday evening, where several steamers were in the
roads. Weather fine; wind variable ;14 ft. 6 in. water 20 all Rouen and Havre •.. - ..
adatated h demand upon the public purse. (Hear.) The hon. mem-
-3 - 2 d 1 all Quartz Rock - i his m
e T such motives, or that, if I were actuated b
of Bristol, from Cardiff to Quebec (cargo 20 12 Royal Danish .........
50 all Rhymney Iron - 31
ber for Huntingdon objects, according to the terms of his
'
5 2 Royal Swedish.•••••••• ••• - d
Iduoratedbmenly Ca gentlemen of this disposifion must nl- motion, that we bind ourselves to pay the Exchequer- onTitlia:
Bbilona,
15 15 Do. New 8 -10 Si
ment or quite beyond the reach of such feeble argu- bonds in a particular year ; and I ask is that doctrine
hs
at ev
ir nn
gf rhaeme
ne 20 all Sambre and Meuse..• 8 - 85 8k
railway iron, was abandoned 18th April 30 104 Santiago de Cuba - 4 for t
forced out, cargo shifted, and unmanageawlsileti, . 6 Do. 51 p. cent. r • •••
expostulati I ff to th (Ch ) I
therefore • on as can oer em. eers. ' sustainable by a reference to practice of experience ?It is
1 all south Australian
, ~. = wish the right hon. gentleman to understand
thas n ILD should the Of d' th case of Exchequer-bills. (Hear,
very mg we oin e
le Ded b durin a hea ale t 10 7 rin Croft - 4
g vy g he day previous, in 20 8 St. Andrew's and
they will „___,___rpes.t charges of that nature in this house hear ) But with this difference that we do it for five ' ee• y a sea
281 all United Mexican 24 - 34
aflame. r''''',.,___," n'tom rae, at least, no other answer than • • dtht "n a 'few (la sit may be neces- lat. 47, long. 31 ; crew saved by the Cleopatra (s.), arrived . - ...
Quebee (A) ......... •• ,
20 6 Southern of FranFcee.f. ... -- PI
1 all Waller
times the amount., an . ?, i here as above.
3 - 1 1 - 1 d Ti
man, who -ir
87_11ip reminding the right hon. gentle- E h y YU d
sary to call in nine millions of xc equer- i s, an re-
-84 all West Flanders ........
- d 1 all West Granada a._
.., -
...
that this doctrine
me met fo
of ,__ nd of a reference to history,
issue E h bill f th me amount if necessary.
xc eqner- s or esa A DEFECT I T L L
N HE a..w.- ord Campbell has done 10 all Do 51 per c. Pref... •••
20 10 Western of France... 4.,. - 5,P 1 all West Mariposa - i d
ancient time* eras inwilas. fa is not the doctrine that in
Hear, h But the ho gentleman having felt that he
1 12s. Worthing Mining of
as he informed us the othevrour with that party of which,
a( t into eaa
r.)
• • rt.
d cl• t• t• b t
rticular difficulty rew a is Inc ion e ween h e publi
good service to th cby an emphatic assertion of 10 7 West. of Switzerland 61 -4;
Australia.....„
... _
l
" the humble leader." (Ls.nifht in explicit terms, he is e° . . pa
' • 1. vlto a off. t e law of fraud on the trial of two persons at the 20 2 Wiesbaden ............ ''. - ...
..•
neuter remising to pay off, and promising posi i e y p y
Central Criminal Court for a conspiracy to defraud, by 20 15 Zealand - $ Nc
gent eman has reproached me-___a -) Yes; the right hon.
~.,.. (pCheers and lau hter )I am unable to appreciate the value
want of humility and I want to
o doubt very jus ly-wi so. fh'• • •g ' • dld tk thtthe selling as Allsopp's ale a spurious liquor which was not
Leve
show th te • „,, , o,t e distinction certainly ;an ono now a
JOINT-STOCK BANKS. next,
he has advertieed 'his own position. (Rene rms in wawa hon. gentleman will attach much more value to a note which Allsopp's, but compounded by themselves. The case is nITS
ewed 1
arISCELLANE-
Well, now, to proceed with my reference , _ ,
.s aughter.) says, "I promise to pay," than to a note which says, " 1 capable of extensive application to the public service, 40 all Australasia 7B -00 785 9
are we doing-we who are v eo ni tory What
ad erne to the landed ni• ' promise positively to pay." (Laughter.) He says that in Thus, if it can be shown that two persons are engaged
We are resisting, as far as we can-not on abstractterest ? the Exchequer-bonds we say we promise positively to pay, in it, so as to make out a conspiracy, the practice of 5 all Aubin Coal and Iron ... - -el,
.„,
and Loan Company
... _
.., , How
ples-not with a vow rep
•stered in PerPeteite, butPrin
• ci- and that in the Exchequer-bills we only say we promise to pay; adulteration, so extensively revealed by the exertions of 25 174 Australian Agricult: 454 - 10-4 43e 4
50 all British N. American ... be o
instances-a proposition eoreetire• under
..; b t t • th
ut ha is not e fact ;we make a promise to pay in the 20 14 australsn.Pcific.Mall ... - -
the Lancet, might be brought, as it should be, within 10 8 lust 1 Ito I Mail ..• - ••• - •.•
25 5 Chartcl. Bank of Asia 1 - id Ordii
present circa
d sometimes timidly a d 7-84 in'""
20 2 Chrtd. Birk. of India, holm
diously suggeste ,
broadl proclaimed, a faintly heir. case of Exchequer-bonds as we do in the case of Exchequer- the grasp of the criminal law, and jndges and juries will 10 4Be ra
u.
ya
rlin Water Works ..• - •••
uttered, sometimes .
ty
ene_to a hinder the title bilk ; the whole question of the renewal on a given day, if it not be slow to discharge the' d d 'h B 50 • d 65-75 70
ir uty an punis . ut 4() Brit. America.n Lan Australia, & China 2 -16 d
of an "equitable adjus ni hirk 1,-.
--ring the shall be thought fit to renew on a given day, or to liqui-
-100 25 Colonial ................ ._ - .. Th
once, and to recommence th we would respectfully suggest to Lord Campbell whether 5 1 Brit. & Coln. Bisaeltg.
Albei
e ea. late them, and the rate of interest to be paid in case we , ,
.. -a ••. 100 20 Commercial of Lend. •... - ..: 314
weight of the burden at
o commence in 1793
l' d t •
t e case does not plainly exhibit the defect in tbe law of . and Reduction Co.. io _ 85
King
Seer which Mr. Pitt was ob ige /Int sna:ll think fit to renew them. The hon. member for the "
20 12 English Scottish and
bl 1 1r" '
the " hum e ea( e of what h wick Bu 100 321 Canada
fraud. Here, if the fraud had been practised by only a s , 64 -64 64 7 Australian 4l -31 d 8
the right hon. gentleman .
th land" is • e. „ . rghs has stated to-night that railway companies
pressing for in tnis co
5 erystal Palace
calls "the interest connected wi untry are renewing their debentures every year one of the defendants, he could not have been convicted. u - i H i 3i 20 20 Gond. Chart. Bk. ot Tht
back to the origin of the to the extent
5 11 Do New
loans. Let him, however, go . be_ _ of fourteen millions ; and will any hon. mem- The fraud, as such-that is, the act of cheating-is not ' -- " ...... • -
... Australia 2O - 21 205 1 Esq.,
f H d
Dean Swi t. e °flounced I "%rant to • •
2 Jrystal Pal. of Fiance ...
to he
funded system, to the times of . the __oun .. Justify a vote in favour of amendment on punishable. It is only punished in this instance b 4
Y a 20 3 Eastern Steata ... - ••• 50 20 London and County.. ... - .
••
ecourse to that system as iin. sr. a that we cannot t 'lli fE h
5() 10 London Joint Stock.. ... - ... Solici
the early and unnecessary r .
at large but as quer-nonds on th • renew wo mi one o xc e- sidewind, alleging a conspiracy to cheat. Thus accord- 2- 20 El •T 1 h(A) 17 -18
a ectrit e egrap
100 20 Lend. & Westminster ... - ... Com n
politic, and as injurious to the nation
f ' d 't .5,_ may
make
sae public credit ? (Cheers.) No, sir ; and ing to our much-vaunted criminal 1 ' • ' •
aw, it is a crime to 25 all Do. (B) .,,, - •••
Ard, so far rom ami - "
the o appeal again to the Horn f C
e o ommons on
100 35 National Provincial Seotie
most of all injurious to land.
tis actuated by gr und OD. which we stood t plan a fraud, but not a crime to execute it. Would it 1 1 Electric Teleg. of Ir. ... -•-•
Her
ting the charge, that the Governmen
from believing matter of retrospect to vshic a first. (Cheers.) As to the
of England ••• --a •.•
no e more ra tone o punis meet yan o ence which 15 14 Gen. Steam Navigat• .- - ...
tb t- lt •hd• 1 ff
Henrj
spleen against the party opposite-so far refers, if he w'
ishes • h the honourable gentleman
20 10 Do. New
• • --- • •
for the o fwe punish indirectly-to make that a criminal act done 20 18 General Screw Steam ... - •••
of Ma
deserve impeach- Common th pinion fth II
o e.l ouse o , . • • •
50 221 National of Ireland ... --- •••
them guilty of a baaeness that would .
.. a a . son ese matters, let him ra'
ccu and intelligibl t we the issue in plain oy one which is criminal when done by two / -Law 20 74 Irish Beetroot Sugar ... - •••
meat if there were a grain of truth in tie f t e ernes
20 all New South Wales - - -
mos • (Hear.) Wh
20 10 Magdalena St. Navig• -•- ..•
at we
25 all Oriental Bank of
b fore us is t
• he question of raising
mo have now got Imes.
The
sation-I say that we are defending the interests o .
tion e
1 all Nat. Pat. Steam Fuel ... - •••
af all of the most permanent and substantial descrip
~ ture of war in anticipation of th t ney for the expendi- [ADVERTISEMENT.] - HOLLOWAY'S PILLS FOR THE
Corporation 4B - 48 47
e
10 3 Netherlands Land.... I - li the G
Me OI axes •a d • L r'
25 5 Do. New ... -- ••• ..„.
of property in this country, when we ask the Ho proceeds of those taxes are received ace , n until tee vURE OF LIVER COMPLAINTS, INDIGESTION, AND DISOR-
-2 1 N. S. W. Coal & Inter.
JOIDes
Commons to meet as far as they can the expenses of the to the House of Commons, with the fulrlaake our
appeal DERED STOMACH.-Mr. Richard Haynes, of her Majesty's Steam Navigat. Co. ... - - - 100 25 Provincial of Ireland ••• - ••• ou one ol
confide
10 all Do. New
'war from the taxes of the year instead of by mortgages the House of Commons will answer it. mime nce that Dockyard at Plymouth, for several years had not had 1 all N. B. A • if - lii 1
ustralasian... Taylor
on Posterity- (Loud cheers.) 'The labourers of the coun- cordially in the sentiment expressed by th . re.) I join the • tf d '
e hon. memb enjoymen oaay s good health, constantly suffering 1 4 Do. New ••• - ••• 5 1 Royal Austrain•Bkg. ,
try may emigrate to distant shores. The movable capital for Huntingdon; I-and I may say the same on th °r from indi estion dl. r com I•tHh d th b 20 10 Nrth.ofEu
pam . e a e est rope Steam ... - ••• & Gold Imp C 0.... ... - •••
part
med. 1 gd
' au
me
all Peel Rr Ld Minrl. 1 - i d 41 i 25 all South Australia 4l - 43 Roy
of the country may emigrate, even while the owner re- of my colleagues-have no other desire but that thee a vice from both army and navy surgeons, but
..5_ . . &
25 all Union of Australia 7O - 72 70 i Thome
mains at home, byheing lent in foreign investment. But •
mittee s a
hll vote on this motion as they think shara• the cij?a • 564 51
isease yielded not to their treatment, and various
,!.,0 ;151 PeniDnso tiler& OrDieoutal ....: - ::.
394 8
7 - 8 tired, :
... 21 Do. New
the land ! That cannot emigrate-that must remain, sub- fth advantage of their country. (Loud cheerbse
most or e , other remedies were tried with a like.resu . .
It At last he pu
50 10 Union of London ... - ••• COMM
Jed to the mortgage of the national debt. It is that mort- amidst which the right hon. gentleman resumed his seat.) began to 2 all Portia d I - fp
n i•on Co
-
use Holloway's pills and this fine medicine has
gage which we are endea.youring to keep comparatively
T BARING promieed to say only a few worth so Jaren th • ' 100 GO Royal Men Steam . • - •••
Cour
light. (No, and a laugh.) It is that mortgage to which Mr'
• fitth t the right honourable gentleman hie co g ened the tone of his stomach and invigorated
1 all Scot•Au;t 1. In a: •i 1 -24 2i i GLASGOW AND SOUTH-WESTERN RAILWAY.-TTaffiC re. E t
sq ,
the right hon. gentleman reproaches us for not making an in reply, but e a
to him which he could not evade. •o s Tstitution, that he is most perfectly cured, and en- 25 25 South Aura ve
d 36 - 3)3 ,
stral.Lan turn for the week ending May 20, 1854 25,260 13 5 Hew
had put questions jy t e best of health.-S Id b 11 d ggists and at
4,785 5 8
o y a ru , 1 all Submar. Telegraph.. 4-11 A Oorreapcnading week last year Gent
addition. Now, sir, I have stated this at some length, be- t t• th •ht h bl
The firs ques ion a rig onoura e Professor Hon°
~
Souse I was not willing to make a light assumption on a I (Hear, hear.) ~ ..., , . „ a .
.o,ed him, .vo you MOOD DO tA, e 4131011L1t of Iriondou. way's Establishment, 244, Strand 1 . all 'Do. Registered. . -.........,, to be Si
IluttiF, whioh 1 musts c°llfion sneers to me of greet jut, Mtleul" "*" . • • . „_, , _ .. • 100..4 284 Vim Diana laud 11 =la 1 Inman in 1884 k, ......... eitrenrionsirres WS__ 7 9 12,..,_

FOREIGN. .161
10 9 Antwerp&Rotterdam 33 —3 din 51 1
5 3 Belgian Eastn. June. 1 ii St
20 8 Beziers to Graissessae 4 3 d
20 2s. Bombay, Baroda,aud 11
Central ludia,Scrip id—ip
. . Central of Italy pm 2f
20 all C,'harleroi & Erquelin . •
.. —.—
.
173 all Demerara .
•••
20 14 Dijon audßesancon
20 9 uutch Rhenish 4.1 4 d 1
20 all East Indian
20 2 Do. Extension l4 —2 p 21f J 1
1— 1 d
5 all Gt. Indian Peninsula i _ ~, 10:
10
20 10 Gd. Junct. of France ._ ...._ . r 20
..
25 73 Grd. Trank of Canad, _
.. 1
100 SU Do. Debentures - i _ 7 tci
1
100 all Do. do. 1
• .
20 10 Gt. Central of France 1 i d
w f, 1
203 all Gt.WesternofCanada i
50
Shares lBi —19 i 1
Do. Bonds (Ist is.)'s7 ... I
20. all Hamilton & Toronto par 1.13.13 20
35
100 all Do. 6 per cent.
20 5 Lake Const. & Basle _ .._.
5 all Lucca & Pistoja 5 p.c • • 30
•
20
pref — dis 1
20 15 Luxembourg 54 —5l 5i 0 1
10 10 Do. (Railway) ...... ••• 34 3i
5 2 Do. Pref i 1f 40
5 3 Do. (Canal) 4 -- 1.1 5
10 5 Do. 6p. et. pref._ 1i lid 31 -
20 8 Lyons and Geneva
20 12 Lyons & Mediterran ...
„•25
20 13 Madras id par 5
331, 33A Maria Antonia
10 all Do. do. New
". 20
20 2 Melbourne Dk. &Ry ,„
... 2
20 all Namur & Liege (with 2
interest) 7 7 3
20 all Do. (ex interest) — _ 1
16 all Northern of France 32 324 3
Do. 201.3 p. c Bd.& 1
20 all (fmy. B. & Ams.Shs.) ..,
...
10 all NorwegianTrunkPref 8 —9 xn 1
20 10 Paris and Lyons l6 —164 p
40 all Ditto Bonds
." 1
10 all Paris and Orleans 44 46 1
20 all Paris and Rouen 35 —37
20 all Paris and Strasbourg 291•- 30 1
id
20 10 ParisCaen & Cherbrg. ... pm 20
104 10f Quebec & Richmond ...
...
20 all Rouen and Havre ... 5
20 12 Royal Danish
5 2 Royal Swedish......••• ... d 50
20 all Sambre and Meuse 8 8i 8k 15
... 6 Do. 53 p. cent. Pref ... ... 30
20 6 Southern of France ••• —Pm 1
20 8 St. Andrew's and 10
Quebee (A)
8i all West Flanders .... .
10 all Do 5A per c. Pref •.• d 1
10 10 Western of France 4 5 p 1
LO 7 West. of Switzerland 3 - 44 1
20 2 Wiesbaden
20 15 Zealand si 4i4 1

Inormas in 1864 iiiimmit• $475...7 9

Thirb 72bitiort

Nathan
Octavio,

Mishap .

SUN OFFICE, Seven o'clock.

BATH RACES.

(THIS DAY.)

(BY ELECTRIC TELEaRAPR.)

TRIAL STAKES.

SECOND BIENNIAL STAKES.

SOMERSETSHIRE STAKES.
Rataplan
Arribas
Exact......

Postulant

Sussex .....
May Day.

Oalston
Besie .

MEMBERS' PLATE.

SELLING STAKES.

THUM BIENNIAL STAKES.

IMPERIAL PARLIAMENT

HOUSE OF LORDS.-(THIS EVENING,

The house met at five o'clock.
Lord BROUGHAM presented a petition against
the dog-cart nuisance in the provinces.
The Earl of SHAFTESBURY preseated petitions
from Sheffield, Exeter, and other places, for closing
public houses on Sunday ; also, a petition from the
Lord Provost, magistrates, and council of Edinburgh,
against public executions.
EPISCOPAL AND CAPITULAR ESTATES MA-

NAGEMENT (1854) BILL.
On the motion for going into committee upon this
The Earl of DERBY said it was worth the consider&
tion of the' Government to inquire before proceeding
with this measure how it the existing coin mission had
fulfilled its original intentions. He was given to under-
stand that the transference of the management of these
estates into the hands of the commission had placed
lessees in a less advantageous position than they for-
merly were with regard to the renewal of leases.
Earl GRANVILLE observed that it was an inconve-
nieut course to discuss that question before going into
committee.

The Bishop of OXFORD pointed out the necessity of
referring the bill to a select committee, and concluded
by making a motion for that purpose.
After a short conversation the amendment cf the
right rev. prelate was agreed to, and the bill was re-
ferred to a select committee.
[LEFT SITTING.]

HOUSE OF COMMONS—(THIS EVENING.)
The SPEAKER took the chair at four o'clock.
The following bills were considered, and ordered to be
read a third time :—Bagenalstown and Wexford (No. 2),
Bideford Roads, Cornwall Railway, Dudley, Halesoven,
and Bromsgrove Roads, Edinburgh Roads, Londonderry
and Enniskillen Railway, Newport and Pillgwenlly Water-
works, Newport Dock, Stockport Rectory Division, Lon-
don. Tilbury, and Southend Railway, and West Brom-
wich Improvement Bills.
YORK, NEWCASTLE, AND BERWICK RAILWAY
(CONSTRUCTION OF DOCKS, &c.) BILL.
Mr. COWPER moved the omission
of clause 10 in this
bill, with the view of ins,mting another clause, for the pur-
pose of protecting the navigation of the river Tyne.
Mr. STEPHENSON, Mr. J. H. LIDDEL, and Mr. Bou-
VERIE, opposed the amendment.
Sir J. GRAHAM said, believing that the sense of the
house was against the amendment, he should withdraw it.
The bill was then read a third time and expressed.
MIDDLESEX INDUSTRIAL SCHOOLS BILL.
On the motion for considering the above bill,
Mr. MULLINGS moved the omission of certain words
in the bill respecting the regulation of religious worship in
those schools.
Mr. J. BALL opposed the amendment. This bill,
though brought in as a private one, was in reality a most
important measure as regarded the public, and was the
first attempt to get hold of the Roman Catholic children
in those institutions under the plea of instructing them,
but in reality for purposes of proselytism.
Sir G. GREY said as a member of the committee upon
whom devolved the consideration of this question, he felt
bound to support the retaining of the words in the bill,
the omission of which had been moved by the hon mem-
ber (Mr. Mulling).
Sir J. PAKINGTON said he also had been a member of
the committee to whom the bill had been referred, and he
could not help expressing his hope that his hon. friend
(Mr. Mullings) would not press his amendment. (Hear.)
Mr. NEWDEGATE supported the amendment of his
hon. friend (Mr. Mullings) He thought the words ob-
jected to were wholly unjustifiable, as they would go to
allow the celebration of the mass in those institutions,
which was a thing unknown since the Reformation.
Mr. DRUMMOND thought his hou. friend (Mr. New-
degate) was frightened at the word " mass," for he thought
any other form of word :would not have challenged the
opposition of the hon. member, for in reality, there was
nothing frightful in school-rooms being used as places of
instruction for children. (Hear, hear.)
Mr. SPOONER said the hon. member (Mr. Drummond)
had made very light of a very serious matter; but he (Mr.
Spooner) thought that any minister who should advise the
Queen to sanction such a bill ought to be impeached.
(Cries of " Divide.")
Mr. ADDERLEY supported the amendment, not on the
ground of the hou. member who proposed it, but because
he believed it would be found wholly impracticable. (Hear.)
Lord D. STUART said, as a member of the committee
he had opposed this bill, which he considered ought to have
been introduced as a general public bill and not as a pri-
vate bill. He believed, however, that the clause objected
to by the hon. member (Mr. Mullings) was founded on the
principles of religious liberty--principles which he (Lord
D. Stuart) wished to see extended to all sects and all
classes. (Hear.)
Mr. HENLEY said he could not support the amend-
ment. There were a large number of Roman Catholic
children in those schools, and he thought they ought to
have religious worship according to the forms of their own
church. He should therefore vote against the amendment.
The house then divided, when the numbers appeared—
For the clause l9O
For the amendment lOB

Majority for the clause B2
So the amendment was lost and the clause agreed to.

BUILDING ACTS.
Sir J. SHELLEY asked the Secretary of State for the
Home Department when he intends to bring in a bill to
amend the Metropolitan Buildings Act.
Lord PALMERSTON said the bill would be for the
amendment of Buldiug Acts generally, and he could not
say when it would be brought in, as its preparation would
take some time.

SARDINIA AND ROME
Mr. WOODD wished to ask Lord J. Russell whether it
is true, as reported, that the Government of this country
has interposed in relation to the differences between the
the Government of Sardinia and that of Rome ; and, if so,
whether there will be any objection to lay such papers as
have reference to the subject on the table of the house.
Lord J. RUSSELL said no such interposition had taken
place, and there were consequently no papers to produce.

PUBLIC PROSECUTIONS IN IRELAND.
Mr. BOWYER asked the Chief Secrectary for Ireland,
whether her Majesty's Government intend to propose a
measure enabling Courts of Quarter Sessions in Ireland to
give remuneration to the sessional Crown solicitors for the
proßecution of larcenies.

Sir J. YOUNG replied that the subject was under con-
sideration, but he could hold out no prospect of legislating
upon it this session.

THE PRESTON STRIKE.
Mr. PALMER wished to ask the hon. member for Fins-
bury, whether he intended to persevere to-night with the
following motion :—Select committee to inquire into the
complaints of the working and industrious classes, and
other inhabitants cf the borough of Preston, as set forth
in their petition presented to this house on the 30th day
of March last, and to report their opinion to the house.
Mr. T. BUNCOMBE said he had this morning received
a letter from Preston, which relieved him from all re-
sponsibility on the subject. The letter (which the hon.
member read) expressed a hope that as the struggle had now
ceased, they hoped he (Mr. Buncombe) would withdraw
his motion, and this he said be should now do. (Hear.)
CHURCH RATES.
Sir W. CLAY rose to move for leave to bring in a bill
for the total abolition of church rates, and was

LEFT SPEAKING.

THE LONDON GAZETTE.

(THIS EVENING.)

LORD CHAMBERLAIN'S-OFFICE, APRIL 18.

Notice is hereby given, that her Majesty will hold a
Levee, at St. James's Palace, on Friday, the 9th June
next, at two o'clock.
ST. JAMES'S PALACE, MAY 22.
The Queen has been pleased to appoint Major George
Howard Vys, of the Second Regiment of Life Guards, to
be one of the Gentlemen Ushers Quarterly Waiters in
Ordinary to her Majesty, in the room of Edward Hob-
house, Esq., deceased.
FOREIGN-OFFICE, MAY 18.
The Queen has been pleased to approve of Mr. John
Albert Bencke as Consul at Liverpool for his Majesty the
King of Wurterberg.
DOWNING-STREET, _lint 20.
The Queen has been pleased to appoint William Young,
Esq., to be Attorney-General; Lewis Mr. Wilkins, Esq.,
to he Provincial Secretary; William A. Henry, Esq., to be
Solicitor-General ; and James B. Uniacke, tsq. CO be
Commissioner of Crown Lands--ibr the _Province of Nova
Scotia.
Her Majesty has also been pleased to appoint William
Henry Rawstorne, Esq., to be Postmaster for the Island
of Mauritius.

HORSE GUARDS, MAX 19.
The Qneen has been pleased, on the recommendation of
the General Commanding-in-Chief, to appoint Charles
James Lindam, Esq., late Lieutenant Rifle Brigade, to be
one of her Majesty's Corps of Gentlemen-at-Arms, vice
Taylor, deceased.

OFFICE OF ORDNANCE, MAY 22.
Royal Regiment of Artillery—Second Lienenant Henry,
Thomas Arbuthnot to be First Lieutenant, vice Winn, re-
tired, May 16.
COMMISSIONS SIGNED BY LORD LIEUTENANTS.
County of Southampton—Edgar Atholing Drummond,
Esq., to be Deputy-Lieutenant, May 15.
Hampshire Militia Artillery—Edward Goodeve Goble,
Gent., to be First Lieutenant; Albert Newby Clay, Gent.,
to be Second Lieutenant, April 3.
RoYal Cornwall and Dem Millen Regiment of Militia.