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

. .
M n'sters could accomplish the object,rriore alvantageously
-for- the public without than with t4e aasistande of the Back
of England:
Mr. PEA RSE said that the Hon. Member (Mr. Grenfell)
.
had studiously sought every oecas4on for:'attacking the Bank,
and in the course oP every month or six'weeks.he had•contrived
to find some opportunity for renewing -his ..ftbrts. He (Mr.
Pears::) denied that the Bank of England posse sal any such
species of moaopoly as warranted the remarks of the Hon. Gen-
tleman, who knew that the term was °Jou* and, howev.a. in-
, applicable, had therefore adopted it:
Mr. MONCK contended that the Rank had a monopoly in
effect, if not ia fact; and that the whole property of exiiting
country banks must be destroyed if the measure to which the
I,e-liti.s.n=refete.:carried into a law; they could not com-
pete with the favoureZtliartered companies.. With regard to
the bargains hetwt-en Government-and the Bank of Eng'and,
he thought that they were just upon- the terms of a spendthrift
and a usurer, the forme: being obliged to
.consent to any thing
that the latter required.—(llear.),
Sir C. • BURREI.I, state some grounds on which he
thought that the county of Sussex ought to be excepted from
the Bill; after which-the petition was brought up, read, laid
upon the table, and ordered to be printed. tt suss from the
bankers of Windsor, Reading, Henley, Marlow, and Maid-
enhmd.

Mr. GRENFELL took occasion to remark. that the profits
of the Royal Exchange Company had nothing to do With this
question, unless it could be shown that, like the Bank of Eng-
land, those profits had been made out of bargains with Govern-
ment.—(Hear.)--Sir T. Baring in his pampalet had said, that
the Bank was like the sun in the hemisphere; and true it was,
" two suns move not in one sphere • if there had been two
suns, two banks, millions of millions of money might have been
saved to the public, and the currency would have been in a
much better state than at present.
SOUTH AMERICAN INDEPENDENCE.
Mr. LE NNARD, with reference to what had passed on a for-
mer night when the Hon. Member for Coventry (Mr. Ellice)
put a question to Lord Londonderry regarding the recognition
by this Government of the independence of South America,
observed that the Noble Marquis, in his answer, had referred
to a clause in the Navigation Bill, which was this night to be
discussed. He (Mr Leonard) saw that. the hill 'col:alined a
section relative to the importation of goods into this kingdom
from certain States of South America, and he . wished. to know
whether it was to that the Noble Marquis had alluded—whe-
ther it was the intention of Ministers to submit to the House
any further information on the subject--and whether they
would refuse to produce such communications as had taken
place, if they were moved for ?
The Marquis of LONDONDERRY said, he had no further
communication to make cn the subject.
Mr. LENNARD than laid upon the table a Petition from.
700 of the principal inhabitants of Ipswich against the Poor
Removal Bill.
Mr. MONCK laid upon the table a Petition from the Brew-
ers of Reading against the Licensing Bill.
Mr. WA RRE laid upon the table a Petition from the Own-
ers of Silk Mills at Taunton, against the Navigation Bill.
Sir T. ACLAND laid upon the. table a Petition from
Plymouth against the Poor Removal Bill, and another from
the Tanners of Tiverton against taking off the whole-of the
Duty on Leather.
Lord G. CAVENDISH laid upon the table two Petitions
from Duffield and Belper against the Poor Removal Bill.
EAST INDIA TRADE.
Mr. CANNING, on presenting a Petition from the Mer-
chants of Liverpool concerned in the Trade to the East Indies,
praying a removal of the restrictions regarding the Tonnage of
Shipping and the opening of the Trade to China, and that as
he understood it was in the contemplation of Government to
concede some part of the prayer of the Petition, he should re-
serve his remarks until a future opportunity.
• Mr. %V. WY NN observed, that there.was an existing com-
pact between the public and the East India Company under the
charter of 1812, and that Government had no disnosit'on to en-
croach upon its stipulations : the Company had, however, con-
sidered the subject. _and thare wa reason to believe that that
body was Willing fo concede an important point, and to allow
the private trade to the East Indies to be Carried on in shipping
of less that: 350 tons burden. He should move for a Commit-
tee on the subject on Monday.
General (;ASCOYNE wished to know whether the East
India Company would consent to open the trade to China ?
Mr. W. W a'NN answered, that the Company was not will-
ing to make an alteration in that respect in the charter.
The petition was laid upon the table, and it was ordered lo-
be printed.
Mr. CANNING added, that 'when 10 years ago the charter
of the East India Company was under discussion, he had pro-
posed an amendment, giving- fhat ' establishment the trade. to
China for ten years. If that proposition had been carried, it
might have saved a great deal of, trouble: A matters stood,
he felt bound to say that the existing compact was binding.
Mr. H. G. BEN NET remarked, that COvernm4nt onlywas
to blame for the situation in which the quesaOhnow stoat.
SUGAR TRADE%
Mr..CANNING presented a petition fram•ahe West India
Merchants of Liverpool, in which they set forth that there was
a very great glut of West India sugar in the Market, and that
the difficulty of procuring purchasers for• it would be greatly
increased if the relief which it was contemplated to afford to the
Manufacturers of East India sugar were sanctioned by the
House. The petitioners, thetefore, prayed that the duty,
which in 1813 was placed on East India sugai, with a view to
the protection of that which was the produce cf the West
Indies, and which was about to expire, might 1* continued.
Mr:BROUGHAM said, it was very justly stated in the. Pe-
tition, that one part of the pressuie which • bore on the West
India planter arose from his not being able to export thearticle
of sugar at a cheap rate to foreign --countries.- Now the great
mason which occasioned this want of a market abroad was the
not diminishing, indeed he might say,- the greatly increasing
foreign slave-trade. It had always beets the opinion of those
who advocated the abolition of the slave-trade, that it was a
measure of justice and not of policy. They argued, that be-
cause it was just, it ought to be conceded. although in many
respects it was injurious to the interests of the country. lie
thought differently. It appeared to him, oh an enlarged view
of the policy of this country, that the measure was expedient
as well as' just. Many, bowever, thought-that it was a, sacrifice
of national and commercial interest to the strict and paramount
interests of justice and humanity. With respect to the foreign
slave-trade, he held the same doctrines which he maintained '
with reference to the slave trade of this' country ; and there-
fore he was of opinion that they ought to Most wah their
allies, .as. far as was in their power, in' order to ob,aiu their
concurrence in effecting the great measure -of abolition.—
First of all, and chiefly, became, without any view to selfish
interest,.but merely_ with reference to a principle of justice,
they had made this sacrifice in their own case, had they aright
to demand it of others • but, beyond that, he could not- help
saying, that the Wesandia. planter suffered a very great'pre.::
sure from the extent of the foreign slave trade: Ile begged leave ,
to draw theattention of the house to information which he
was sore), to say he had received on this subject- He under-totted
that some of our own merchants were indirectly, he would Nit
hope innocently and. ignorantly, making themselves partite,
and substantial parties, to the keeping up of- this foreign trade.
The thing was done in this way : the merchants fiaed out ves-
sels in English ports, which they loaded with-goo:It, the pro-
duce of this country, for the African manse;. L was, a:
present, known to be a losing itaarket ; but, notwithstanding
that, a very large traffic was carried on under the name of the
lawful.ommerce of that country, for geld and other articles
allowed to be imported from thence. Very little• commute
could, however, be carried on with Africa, in the state in which
that country was at present; and it was perfectly known that
there was very little demand for our manufactures in the in-
nocent trade of that country. It Was, therefore, utterly inpoz-
sible that any thing like the capital he alluded to could be em.
barked in that traffic alone; and, therefore it /nun be employed
in the slave-trade. He did not mean to say that- these wno fit-
ted out the vessels, and who traded in the articles he had men-
tioned, did directly traffic for slaves; but their proceedings
were made subservient to that. traffic. They met, otT dif-
ferent ports, the traders from the ',French and Portuguese
colonies, who carried on this guilty traffic ; they then ex.
changed at once, • for dollars or bills, the greater pat of their
merchandize, very little of which reached the remotest eta-
rican market. The great bulk ache merchandise was sent to Af.
rica, through the slave-dealers, fur the purchase of slaves; and
the produce of the cargoes Was carried to Cuba, the Brazils, cr
some of the French islands. •He had, in consequence of :hie
information, looked into the Acts of Parliament, to see whe-
ther this traffic was cognizable by the existing law. It certain-
ly was not cognizable under the Act which declared the trade
to be felonious : neither did he think it came raider the 47th of
the late King ; but be had considerable doubt whether it wait