The Sun.
London, England, 1847-05-15 00:00:00

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f what they were doing.—(Hear and laughter.) He would
I dispatch that part of the subject with this remark, namely,
i that a man bad now to pay 20s. for what only oy,ght to cost
him 15s. Now, with regard to the question of the currency,
there could be no doubt that there never was a greater
absence of speculation in this country, than was to
be vvitnessed at the present, motnent, while trade
i
could hardly ever have been more depressed. The
people wondered, looking at. this state of things, upon what
i egxopld ia in
n att h
ioen Boarn thke of
R Eignhgtla Hon.
n -.-
Baronet
Government was justified in locking up nine millions of
(Hear, ear , heta. r
the.) HHoe. thought
verythe
unsatisfactory and confused. He did not make anything like
a d clear distinction
The real question before them, and
y had to consider as, how to meet the
present state of t w
he currency and whether the bank
should be allowed to issue any other securities than gold ?
im-
posed. A great deal had been said of the danger of runs bein made
on the Bank of England for gold, if no restriction was Now, in all his experience, he never knew a single
instance of a run upon that institution.—(Hear, heatherefore, no danger to be apprehended in that
r.
What they wanted wis an issue of what might be
(Tiihreecretiowna.s, )
called small change, for the real circulation of the country
were bills of exchange and cheques. By the.e all the great
operations of the country were conducted. Now, to limit this
note or small change circulation to fourteen millions was per-
fectly avbedthere was another bad harvest would
the ei o
to this restriction. Depend upon it
sruirira.en Supposingtstilicling
the country would soon call on them for an explanation
and they must be prepared to look the question fairly in the
face. With a second bad harvest they would be forced to break
through the provisions of this Act. He opposed the 13111 in
1844, when it was proposed, and he had looked with great
doubt upon its working ever since. Still it was passed by a
very strong vote cf the House, and he submitted to it ; but
now he called on the House to reconsider the step it had
taken, and act on a more liberal policy.
Mr. SPOONER moved the adjournment of the debate.
After the pointed reference which had been made to him, it
was impossible he could allow the question to pass without oc-
cupying the House for a short time.
The CHANCELLOR of the EXCHEQUER had no desire
to deprive the Hon. Member of an opportunity of speaking, and
if the House agreed, he had no abjection to an adjournment till
to-morrow. It was important that they should go on with the
Bill as quickly as possible, in order that it might pass the other
House of Parliament before the holidays.
Lord G. BENTINCK thought that the Government were
not entitled to throw upon his friends the responsibility of
postponing the discussion on the poor laws, fixed for Monday.
The CHANCELLOR of the EXCHEQUER did not
mean to throw any blame upon Hon. Members on the other
side of the House ; all he meant to say was, that if the debate
were resumed on the Monday, it would be necessary to take
the Poor law Bill on the same day.
Mr. BANKES said an opinion was very strongly enter-
tained by many Hon. Members on both sides of the House,
that this Poor-law Bill might be, without injury to the country,
withdrawn altogether; he saw no reason, therefore, why they
should get on with this Bill.
Lord JOHN RUSSELL said that if the House consented
to take a stage:that night they might bring up the report on
Monday, and the discussion might take place on the third
reading on Tuesday.
Mr. SPOONER suggested that the Bill should be taken
the first thing on Monday.
The CHANCELLOR of the EXCHEQUER said that
he would endeavour to bring it forward at an early hour on
that day.

The, House then resolved itself into Committee, and the
several clauses of the Bill were agreed to.
The House resumed.
In answer to a question,
Lord J. RUSSELL said he thought Government was
pledged to bring on the Poor-law Bill on Monday.
Mr. WAKLEY said the best course would be to withdraw
the Bill altogether.

Lord J. RUSSELL said he certainly should persist in pro-
ceeding with the Poor-law Bill on Monday.
The report was then ordered to be brought up this day.
The other orders of the day were then disposed of, and the
House adjourned at Half-past Twelve o'clock till Twelve
to-day.

NORTH WALES RAILWAY.
A special meeting of the proprietors of this railway took
place yesterday at the offices of the company, 2, Guildhall-
chambers, to take into consideration the propriety of reducing
the number of directors from eleven to eight, in accordance
with the provisions of the North Walesßailway Amendment
Act passed last year. A requisition for such an object had
been presented to the directors. Mr. Shaw, of Huddersfield,
took the chair.
The usual routine business having been transacted, a very
irregular discussion took place as to the best method of in-
vesting the funds of the association, and in order to give
time for the attendance of parties for the purposes of investi-
gation, and the meeting was adjourned to next Monday
month.

READING, GUILFORD, AND REI-
GATE RAILWAY.
A meeting of the shareholders of this railway was adver-
tised to take place yesterday, but the directors having found
themselves in a position to transact the required business
without the sanction of the shareholders, no meeting took
place.