The Sun.
London, England, 1822-06-01 00:00:00

CORN. LAWS.

Sir THOMAS LEl4l3RlUGEpresented a Petition from
the county of Cornwall, i.-gainst the Bill now pending in the
House for regulating the imp tation of ecrn.
LEA'! k iiR TAX.
Mr. BEAUMONT presented a Petition from the Tanners
of Dexliam, in Northumberland, praying for the repeal of the
Leather Tax.
Mr. CH ET WYNDE, in presenting a similar Petition from
the -Tanners of Staffordshire, declared that he did not look to
the repeal of any particular tax for the restoration of ease and
prosperity to the, country. In fact, the question of agricultu-
ral distress: as coining very fast to a question between land-
lord at d tenant : the true source of the evil was the heavy rent;
and that rent must be abated—not, ten or fifteen per cent., but
seriously and etfecively reduced, before any really beneficial
change could be expected. With respect to the poor rates,
which formed the next burden complained of, they were al-
ready in a course of diminution, and, under the operation of
the Bill proposed by the ion. and. Learned Member opposite,
the law of settlement would be simplified, •and the general ex-
pence of management gradually lessened.
WA REHOUSI NG SYSTEM.
Sir THOMAS LETHBRIDGE presented a Petition from
the bilk Manufacturers of Taunton, in Somersetshire, praying
that the Bill for permitting foreign silks to be warehoused in
England might not pass into a law. The lion. Baronet at the
same time postponed his motion on the subject of taxation to
Tuesday, the Ilth June.

BANK OF ENGLAND.
Mr. OR ENFELL. in presenting a Petition of considerable
importance, lamented that he had not the pleasure of seeing his
Majesty's Ministers in their places. The Petition proceeded
from several respectable individuals in the county of Berks,
and it refined to dnegociation said to be pending between Go-
vernment and the Bank of England, for the renewal of. the
Bank Charter, or as a Noble Marquis whom he (Mr. Gren-
fell) did not then see in the House,hadcalled it, the Bank Mo-
ncipoly. To the extension of that monopoly, which, under the
extstingArrangements, would expire in the year 1833, he (Mr.
Grenfell) had the strongest objection ; and the Petitioners -for
whom he appeared were of the same way of thinking; but
they objected more strongly to the relaxing of the restrictive
law as to the number of partners engaged in country banks—
to the relaxing of that law in places mom than 65 miles from
London, and continuing it in places-within that limit. Now,
whenever the measure for renewing the Bank Charter came be,
fore the House, he (Mr. Grenfell). should feel it his. duty to
oppose the renewal, and, at, the earliest possible moment, to
take the sense of Parliament upon it. Indeed, after the expe-
rience which both the House and the country had had Of the
conduct of the Bank during the last twenty, years—after their,
immense profits, amounting in twenty-five years (after the pay-
ment of 7 per cent. dividend) to more than 25,000,0001—after
their tyrannous conduct towards Government and towards the
public, exemplified by their letters to Committees of the House
of 'Commons in the year: 1819, at a time when they were clear-
ing such enormous sums by.their contracts with the country,
and by the circulation of their paper—after these. warnings, it
was amazing that any Ministers could be sa unwise, upon any
terms, 23 to propose, or even to consent to, a renewal of the
Bank Charter. The Hon. Gentleman concluded by-observing,
that he had heard, out of doors, that.the negociation was at an
end ; if it were not so, and if the measure were brought for-
ward, he should certainly oppose it in every stage.
Mr. MANNING defended the conduct of the Bank, and
treated the charge of tyranny as invidious and unfounded.—
He also denied that the profits of the Bank were unreasonable,
referring to the very large additions the Royal Exchange In-
surance Company had made to their capital in consequence of
their great profits during the war. The greater part of what
fell from the Hon. Gentleman was inaudable.
Mr. DUNDAS bore testimony to the respectability of the
Petitioners.

The Marquis of LONDONDEPR.Y did not oppose the
bringing up of the petition, but he could not help thinking and
stating that this was by no means a natural moment for dis-
cussing the large question it involved. It seemed to him that
the Honourable Gentleman who presented it had entered into
a wider field than was at all necessary or expedient : he might
at least have deferred his remarks until the Chancellor of
the Exchequer brought the question regularly under discus-
sion. At the same time the attack made by the -Honourable
Gentleman (Mr. Grenfell) had fully warranted his.Honourable
Friend (Mr. Manning) in the reply he had given. He trusted
that the subject of public credit would not be debated, but upon
a regular motion.

Arr. RICARDO did not complain of the Bank directors for
making the concern as profitable as possible—he complained
of Ministers for having made such improvident bargains with
the Bank, as to enable that establishment to m.ke those enorm-
ous profits.—(Blear, hear f)—fie should oppose to the utmost
the renewal of the lank Charter, because he was satisfied that
every farthing made by tho Bank ought belong to the pub-
lie.—(flear, heart}—Even if a paper currency were wanted,