The Sun.
London, England, 1812-12-09 00:00:00

BANKRUPTS.

William Hopwood, Wesrborne' Sussex, fell-monger, to sur-
render December 11, 12, and,l,,nuary 19, at eleven, Jt the
Dolphin Inn; Chichester. Attornies, Messrs. Johnson;
Price, and Freeland, Chichester.
Joseph Balfour, Basitighall-street, Blackwell-Hall-factor,
• .December 12, at ten, 19, at one,, and January 19, at ele-
•ven;at Guildhall, Loudon. Attornies, Messrs. WiLic and
,Knight, Castle-street,Talcon-square..
George Newman Harvey, Liverpool, merchant, December
2R, 29, and January 19, at one, at the Globe Tavern, John-
. street, Liverpool: Attornies, Mr. Pritt, Lirerpool, or
Messrs. Blackstock and Bunce, Paper-buildings, Temple,
London.
Thompson, Greenside, near Shetlie4d, Whitestaith,
December 15, 22, and January 19, at eleven, at Guildhall,
London. Attorney, Mr. lirrighte, Belvidere-row, -St.
George's, Southwark.
George Blakeley, late of. Wood-street, warehouseman, De-
, cember 12, 22, and January 19, at ten, at Guildhall, Lon-
don. Attorney, Mr. Hartley, New ridge-street; Black-
friars.
James Chapman, Bath, 'carpenter, December 21,. 129, and
• January 19, at eleven, at the Elephatr• and Castle, Bath.
Attornies, Messrs. George Pearson.and Son, •Pucup-court,
Tempt.., London, or Mr. W. J. W. TaYloc,,Bt;::h. -
Robert TosleY, late cf Gloucester, corn-tie-444-, December
ta, 29, and January 19, at ten, at the Boutitall Inn, Glitu-
aster. Attornies, Messrs. Whitema'm .and King, Ser-
jeint's-Inn, Fleet-street, I...initial, or Mr. W.- C. Ward,
Gloucester.
Solomon \Valle:B and Thomas Attwood, Oldawinford, Wor-
cestershire, anvil-makers, January G, at fire, 7, and 19, at
eleven, at the &corm Inn, diey, WorceStershire. At-
tornies, Mr. Roberts, Stourbraig,e.
William Francis Pattersou, Great Pulteney-street, Golden-
square, bill-broker, December 125 19, and January 19,
at twelve, at Guildhall, London. Attorney, Mr. Walls,
George-street, Portman-square.
Richard. Junes, Bimingham, shoemaker, December 14, 15,
and January 19, at ten, at the Swan Tavern, Bnll-street,
BirMinghant. Attornies, Messrs. Devon and Tooke,•Hol-
burn-court, Gray's-Inn, London, or Mr. George •Bureish,
femple-row, Birmingham.
Charles Cooper, late of Langley-Hid% Sotton Coldfield,
Warwickshire, coal-master, December 14, 15, and January
19, at one, at. tbe Three Tuns' Sutton,Coldileld. Attornies,
Messrs. Sherwin and Hall, Great. James-street, Bedford-
row, London.
John Grant, Hatton-garden, merchant, December. 12, 22,
and January 19, at ten, at Guildhall, London. Attormiy,
Mr. Shaw, Staple's-Inn.
Charlei . Williams, St. Albans, wine and spirit-merchant,
Dec.
12, 15, and Jan. 19, at eleven, at Guildhall, Loudon.
Attorney; Mr. Richard Woodhouse, Harcourt-buildings,
Temple, • ••
John Theodore 131tricer, Dover, Kent, draper, December 15,.
2.2, and January at twelve, at Guildhall, London.
tornies, Messrs. Wiltshire, Bolton, and West; Old Broad-
street. •
'James Allardice, Conduit-street, linen-draper, December 15,
23, and January 19, at twelve, at Guildhall, London. At-
torney, Mr. Langley, Charlotte-street, Bedford-square....
Wi'ktium Henry Gall, Gutter-lase, Cheapside, silk-manufac-
turer, December 11, 12, and January ID, at eleven, at
London. Attornies, Messrs. ,Bourdillon and
Hewitt, Llttlt Friday-street.
DIVIDENDS-At Guildhall.

Jan. 12. H. Atkins, i'ope's-Head-allt6 11.wisii-broker, at 10.
Jan. '2. M. Barter, Red-Lidn-euurt, Flcet-street, victualler,
at eleven..

Jau. 2. 'F. Blackburn, Mount-street, Wllitecliapel-roamas-
ter-mariaer, at eleven.

Jan. 5. T.-Browne and J. Forrester, Savage-gardens, wine-
merchant, at ten.

Jan. 16. S. Chettle, Blackman-street, Southwark, uil and
colourntap;at one. •

•
. ,
Jan. Iz. J. F. Guodnxiu, AbcLurch-lane, tavern-keeper, at 10.
Jun. 9. M, Isaacs, Sheerness, slopseller, at ten.
Jan. 9. J. LAig, Kingston, Surrey, maltster, at eleven.
Jan. 12. T,Lo*e, liotolph-lane, oilman, at ten.
Jan. 5. Featherstone Richards and W. Bond, Upper Thames-
- street,_hat-manufacturers, at eleven.

Jan.. 9. T. Rooke, Rengeo, Hertfordshire. farmer, at ten.
Jan. 9. J. Routh, Austin-friars, merchant, at eleven.
Jan. 27. S. Sheffield, Aldgate, High-street, butcher, at one.
Jan. 2. W. Stonebc•idge, Colcheoter, grocer, at twelve.
Jan. 6. NV; Squire,•Leeds, hosier, at eltven, at the Bull and
Mouth Inn, Leeds.

A. Varicas, Founder's-court, London, merchant, 'at twelve.
Dec. 30. C. Wiidguose, St. Philip and Jacob, Gloucester, coal-
-merchant, at twvive, at the Rummer Tavern, Bristol.
Dec. 28. S. D. Willinott, late' of Duthiter, Somersetshire,
merchant, at eleven,' at the Angel Inn, Lridgewater, So-
inersetshire.

Dec. 29. J. Beck, late of St. Ives, liuntingdonshire, iron-
monger, at eleven, at the Unicorn Inn, St. Ives.
Dec. 30. S. Boweher, and W. Wood, Exeter, Nine and &randy
merchaats, at the Old London lon, Exeter.
Dee. 29. J. Brown, and a,Tregent, late of Birmingham,. fac-
tor, at elerea, at the Swan Hotel, Birmingham.
Dec.: 0. E.-C(41111w Norwich, Laherdasher, at four, at the
Angel Inn, Norwich.

, .
Dec. 28. C. i)yche, Burtou -npon-Trent, Staffordshire, buteker,
at eleven, at the Swan Inn, Stafford. •
Dec. 30:It. Johnson, Lane-end, StaffOrdshire, manufacturer,
at eicircur at the Roebuck Inn, Newcastle-under-Lyme.
Dec. 3j. M. Moore. Great Yarmouth, ehinatuan, at. twelve, at
twelve, at the Ship Tavern, Great Yarmouth.
Dec. 28. J. Norton, I.ete of Bloxham, Oxfordshire, inniioldcr,
at eleven„ at the White Lioninn, Banbury.

CERTIFICATES—DEc.. 22.
C. Marchant, Gloucester-street, stationer.
J. Bradshaw, Portsea, slopseller.
A. Sculthorp, New Bridge-street, Vauxhall, ironmonger.
J. Prentis, Christchurch, bricklayer,
A. Still Gutter-lane, tailor.

J. G. Irks, Arundel-street, Strand, paper-maker.
W. West, Merton-, calico-printer.
'l'. Dawson, Ah'gate lligh-street, linen-draper.
'T. Okell, Great Queen-street, linen-draper,.
P. Lock, Nailsworth, ya-m-makey.

PARTNERSHIPS DISSOLVED.

W. Wade and. W. Mouney, Cannon -street, wine and brandy
merchants.

A, Smith and, Zaccheus Coates, Little Grosvenor-street,
newspaper agents.
J. Kearsley, J. F. Muller, and F. W. Thies, Liverpool, mer-
chants.
B. Burrows, and J. Brown, Birmingham, hatters.
E. Williams and T. Williams, Newport-street, linen-drapers.
W. Whittenbury and N. Whittenbury, Manchester,- cotton-
merchants.
T. Boarne and S. Bourne, Melksham, shopkeepers,
E. Halsey Bockelt aud J. Bockett.
J. Kinder and H. Raven, St. Albans, spirit-merchants. • '
E. Lawson, G. Draper, and T. Draper, Brown's-lane, Spite-
fields, carriers and leather-cutters.
J. Straka!' and J.'l'. Thompson, Long-acre, camp-equipage 7
makers.
D. Owen and W. Higginson, Liverpool, red and iron-liquor-
mait ufacturers. '
G. Kell, B. Kell, and W. Jowsv, Rotherhithe, =stand b1e,47
makers.

Art I ,:kL4 I" A. 11,14 I A kivi 1..4‘.04

HOUSE - LORDS;
11.11-231)AY, DLC. 8.

The hearing on the Writ of Error CASE', the
East India Company v. Certain Rectors in DoT''
don, and others, respecting a Tithe Question/
which stood for.this day, was posOned,till
day next. . •
-•,
Their Lord hips then adjourned for some time
during pleasure.
INSOLVENT DEBTORS' BILL.

Immediately on the resuming of the House,
.Lord ELLENBOROUGH presented .a Bill-to ex-
plain and amend. the Insolvent Debtors' Bill of
last. Session :.part of which his Lordship described
as found to be materially defective, and princi-
pally in what respected the provisions relative t°
debtors, the amount of whose debts exceeded two
thousand pound's. With respect to these; flit
powers of the judicial Barristers who were to be
appointed by the respective Courts.,of Law,•were.
far from dearly defined,- and in some points or
_ view, they fell short of what wasfound to be ne-
cessary:, The remedial Bill which he now pro
posed, would go to give those Barristers so ap-
pointed, the powers of administering an oath ;
and also to cause prisoners for debt to he brought
before them, on their warrants, -in the counties of
Middlesex and Surrey; and with respect to other,
parts of the kingdom, by Writs of habeas corvs.
Provision was also made that the decisions of the
judicial Barristers should be ,final; and farther,
that the properties of debtors of such description
he vested, for the purposes of .the Ac:, iFt
the Clerks of the Peace. 'l7lle Bill contained soine
subordinate, Provisions for remedying defeet•
tile original Bid, which were adverted tO, by the
Noble and Learned Lord. Ile' then presented the,
Bill, which, under the aboVe title,- was forth wit.-11
read a first time.

A Message was sent, agreeably to their .I,..!pi±
ships order of last night, to the Cononovs, r.:-
qucsting copies of the Reports of their commit;
tees, appointed to inquire into the delays attend-
ing the decisions on the Suits in the High. Court
of Chancery; and which, on the return of the
Messengers, were presented by them to t►ie House,
and ordered to lie on the table.

The Report of the Vice Chancellor's Bill was
taken into consideration, and agreed to by-the
House.

The Earl of CLANCARTY laid a document on
the table, the purport of which we were uuable to
collect.

Adjourned till to-morrow.

HOUSE' OF COMMONS,

TUESDAY, DECE.IiBER. 8.

A Message from the Louis requested this
House to communicate the Reports of the 18tli
June, 1811, and 13th June, 181'2, respecting
suits .in Chancery, to their Lordships. The re-7
ports were ordered to be communicated,. and the
Messengers were informed of the same.

Mr. ROBINSON presented a copy of the Orders
in Council, authorising the exportation of certain
goods from, and the importation into the West
India islands. He also gave notice, that on
Thursday next he would move for leave to bring
in a Bill for the indemnification of persons acting
under the said order.

Lord PALMERSTON, in presenting a Petition
from the University bf. Cambridge, against the
Catholic. Claims, took occasion to state, in con.;
tradiction to the rumours that had gone abroad,
that six days bad been allowed to the non-resi-
dents to attend the convocation, which was twice
the time usually allowed. - The Petition was read
and ordered to'lie on the table. . .

A. similar Petition was pi•teilted from the Re-
corder, Alderman, and Burgesses of Grautham7
Ordered to lie on the table.

'rile SPEAKER acquainted the House, that be
had received a letter from the Deputy Clerk of the
Crown in Ireland, containing a petition, cons-
plaining,of an undue returThof a Member to serve
for the town and county of Galway. The pe-
tition, which was from John Joyce and others,
w-as then -read, and ordered to be taken into con-
sideration with the other Petitions against the
same return, on the 11 di of February.
Mr. LociatAßT rose, pursuant to notice, to move
for leave to bring in 1, ,Bill to prevent the Trustees
of Parish property from granting long and impro-
vident leases. , After explaining what in his opi-
nion, were improvident, and what linig leases; he
stated it to be'his intention to propose, that.the
trustees should not be able to grant a lease With-
out the concurrence of the Bishop of. the diocese
in the term fir which it was granted ; and he also
would propose, that it should be imperative upon
trustees, to give a public notice when leases of
grotnuk were to be •granted, which would pro-:
duce a competition that.wouLl have the effect of
making the lands let for their value.—Leave was
given to bring in a Bill. • •
The StarCh Bill went through a Committee, ,
the report of which was ordered to be t-ceiyed to-
morrow. •

The House went intoa Committee on the Malt
Act, in which the Chairman was instructed to
move for leave to bring in a bill to alter and
amend the said Act. The House resumed, and oil
the motion of Mr: Lushington, leave was given to
bring in the Bill.

blouse went into a ComnOtee on the Cho-
colate Act, in which it was.resolved, that the Chair-.
man should move for leave .to bring in a Bill for
allowing an additional drawback. •

The Rouse went into a Committee on the Cus-
toms Consolidation Act, in which several resolu-
tions. were moved for altering the drawbacks on
Spanish %Vines, &c.—The Report of the Commit-
tee was ordered to be received to-morrow.

Mr. LUSIIINGTON brought up a Report of the
Committee- on the Prince Regent's Message re-
specting the Grant to,Lord Wellington.
Mr. CAtCRAFT did not rise to oppose the grant;
on the contrary, be subscribed -to it in the most;
unqualified manner, and thought nu reward could
be too great for the services of Lord Wellington:
The Resolution was agreed to nem con:
The Report of the Committee of Stipp!), was
brought up' and agreed to.

Le-ave.l;as givi;rt to bring in a Bill pursuant to

th

Ttoolu ibt =granting 00/. iq
eb,se lands to-L': attached to the title of Welling-
ton;
It Was oldeied that the ,llouse shoelld
tow resolve `itself Coniinittee of . Ways ~.tint•

- GM) COIN DILL.
On the CHANCISLLOII.4Ofthe EXCHEQUER &toying
the Order of the Day for the second readin,,-of
the Gold Coin Bill,
Mr. WHITiIItAD moved that. certain Resolu-
tions of the House respecting the value-of. Bank
Paper, as compared rvith gold, which were come
to in the bullion discussion, should be read.

The Resolutions were accordingly read by the
Mr. CREEVEY,. with the view he had of the
atrocity of this bill; could tiot allow it pass its se-
. cond without stating some of his objec-
, lions to it. This Act was one of the consequences
of the 'Bullion Committee, appointed two years
ago, to inquire into the high price of Gold. At
that time it was said Gold was 41. 10s. the ounce.
Pfheßank Proprietors could not think of purchasing
it till it carne down to their standard, which was 31.

17s. per ounce. These ,being the actual and the
iklint prices of gold, Bank paper was at that pc-
Ziod depreciated 15 per cent. Mr. Horner,. when
• endeavouring to prove that Bank Paper was de-
preciated, brought.fOrward his nostrum, and pro-
'-posed 'that. the Bank shonld be compelled to
• re-
sutYic its payments in specie two years: op-

position to this, the Chancellor of the Exchequer
proposed his nostrum, which was a resolution,
that in public estimation, one pound one shilling
in Bank paper'was equal to a guiuca. When the
Right Hon. Gentleman last session got this bill
• renewed, declaring Bank paper and gold of equal
"Willie; the price of gold was 4/. 14s. per ounce,
and Bank paper :vas consequently depreciated. ,20
per. cent.. The Act now in force would expire
text February, and the Right. Hon. Gentleman,
Who had begun when gold was 41. 10s. per ounce,
'and got-the Bill renewed when it was 41. 14s. per
ounce, brought forward again the smile measure
'when the price of gold that day was 51. ss. and
the market in paper money and Bank paper. in
consequence depreciated 33 per cent. It was at
.this time, ander such circumstances,', that the
itig!it Honourable Gentleman,bad face enough to
comegaavely forward with such a measure, and
• .'Yen to appear surprised that a disposition should
be found IA the House to disctisi, its propriety.—
Before they proceeded farther, he wished to know
• if.the Right Hon. Gentleman still thought gpld
and, Bank paper of equal value ? The law de-
- eared them to beso., and in conseqUence it 'vas
ilot common for a person to enter a shop with, a
• Bank note and a guinea, and say, how far will this
ge, and how far this ? as he Ni,ho did sp would be
secured and tried for a misdemeanour , but if the
•law were repealed to-morrow, the difference
•Nvould at once be seen; and found to be to the-
amount he had stated. From what had fallen
from the Chancellor of the Exchequer the other
night, he -supposed he was rather shaken in. his
opinion, when he found his ,Jew friend, or what-
ever he was, wanting 25.9 each for his guineas.—
. -.lle did: not know what heavy guineas would
'.fetch, but a friend of his 'a few evenings ago, bad'
,a few light guineas to dispose of, and, in his pre-
mice- be Sold them ; and to. a . man -a.;ho had to
wake a profit-of them again, and feCe:,ved/1./. 7s. 2d.
for each. Did the Chancellor of the Exchequer
inean to say the light guinea was better- than a
.good guinea ? that the proprietor of the one
should have such an ail:Vaatag-e oi',er the holder
of the other ? 'ham was the proprietor' of the
heavy guinea to be so persecuted, that 1 s must
either hoard his gold or-part with his gainea far
• seven shillings less than its ,value? Why was lie
nit allowed to bring it,'as he might every other
article of 1.-7iis property,. into the market, and sell
it for ,w;:,1-it it might be worth ? Ile then went
ou to
..descant on the injustice of this Bill as it
nice ,led the public creditors, and those who bad
grunted long leases, as he contended these per-
:sons lost 35 per cent. of what they were entitled to,
and he knew of no party benefited by it but the
Bank Company.. They had been told in 1797,
Tick to pay in specie ; and in 1511, they were told,
Your paper is as good as gold, go mi.'' They
bad an ifiterest in keeping paper in circulation in-
stead of gold, and had divided among them
through_ it, in hard cash, six millions pounds
sterling in bonuses. He wished the house to
Soilsider the consequences of this system to the
public Creditor and the Stockholder. The in-
creasing depreciation of Bank paper made him
anxious that a new inquiry should be .made into
the causes of the high price of the precious, me-
tals. He thought it was desirable that thellouse
S110111:I pause before they again enacted this law,
and consider it ; instead of this, they ought not

to adopt an opposite line of cOncluct, starer this
to expire, and repeal those laws which had been
Made to give it effect. He thought it extremely
improper to call upon the House to. pledge itself
to this measure. It was also unnecessary, as there
Would be sufficient time after the holidays, 'when
many Members now absent would have an oppor-
tunity of being present. Under these circum-
tances, he would move that the
_second reading
"should be postponed till the 3d of February.
Mr. BRAND spoke against the Bill, and con•
-
tended, that while gold was not allowed to pass
lOr its value, it would be withheld by those who
ossessed it. Heirepe,,,ted and suppinled many of
.the arguments urged by the last Speaker, *and as.:-
'zserted, high price of specie, and
.depreciation of
paper to be synonymous terms. This Bill had
driven gold out of the market, when before,
it came iii c.impetition xvith paper. If this
were not passed, and the depreciation- of
paper fairly acknowledged, gold, he had no doubt,
would iodnlediately appear. He denied that the
.Bank had gained aLI the advantages set forth sby
the Hon. Gentleman {Mr. ,Creevey), and had no
doubt, butlf less connected with the,Government,
it would have ample Means of meeting all demands
• -upon it. To the present Bill he must object at
'any time, but he thought to press it would be
'ost indecorous
.at present.
Lord A. Mott LTO N opposed the Bill, and
td to
.know if 'the depreciation of paper money
was not now admitted, by what test Ministers
would be content that should be tried
The CHANCELLOR of the EXCHEQUER directed
.the attention of thie House to the necessity of the

iztettstire t o beforit them, tttcl made several ob-
servAtion's up,On its ciTigin. The idea-of a depreL
T.ciation in the currency was, he remarked,
.of an
earlier' date than the Bitßion Committee, since
':'cord hang had introdueed the subject in the
House of Lords, so far back as the year 1891,
in the year-1811, that Noble Person, Whoni he
was ready, to ,acquit of 'any other intention than
that of practically proving the justice -of
,his the-
ory, bad resorted to a step which rendered legis-
lative interference indispensable for -the protec7-
tion of the tenantry of the Countr)h They had:
also the evidence of Mr. Monek on the same side
of the question, who said ne Nvotild not accept of
paper at the Same rate of value as gold: The rea-
son of which was' obvious : Mr. Monck• was a
coiner of local tokens, and for his purposes gold
or silver was much more useful than paper: With
regard to thepractical vestion, he pat it to any
' one-of-the Bullion Cominitteeto say if it would
be wise to cause the Bank to resume its payments
in specie 'at this period ; and if not, would it be
expedient to pass a law, as they had' formerly
proposed, to fix the resumption, of cash payments
at any specific time, the circumstances of which
they could not foresee ? He had, at that time,
pointed out to a majority of the House, that
lar rises in the price of 'the precious metals had
taken place when there was no• paper currency_ at.
all, and whet: there , was a paper 'currency con-
•yertible into its nominal value in money. This
proved that the rise (lid not depend on the depre-
ciation of the paper currency. it was true,, as
asserted on. the other, side, that gold had advanced
ih Price within the last year, 'and the argument
they s'vould draw.from this was, that the circula-
tion of paper had increased, and consequently its
worth diminished., Now the case was not so,.and
this tact afforded another argument in confirma-
tion of the fallacy of their reasoning. For his
part, he found a sufficient cause for the rise..of
goldju the vast augmentation of our foreign ex-
.penditure ; and'still more in the total interrupti-
on of the supplies of the precioas metals from
South America, which in itself was . sufficient to
account for the adVance upon those inettils in the
market. The circumstances of the 'prescut year
were also somewhat remarkable. After, the de-
bates of last Session, the price of bullion remain-
ed for some time pretty steady ; but of late it had
risen suddenly to the extent stated by the Hon.
Gentleman opposite. It had so risen on the open-
ing of the intercourse with Russia, -whence an ex-,
cessive.demand had occasioned a. similar rise all
over Europe. The nostrum of the Bullion Com-
mittee was to resume paynients in, cash ; but
where was it to be got? The, mines of America
were stopped, and the balance of trade was
-against us with every other couotry'. It appeared
then., that we must either have sacrificed our po-
litical prospects, withdrawn our army from tilt
Continent, and have Furnmdel'ed the hopes of Eu-
rope,
or we must, for the present, have coratinued,
the Bank restrictions. Happily for • our charac-
ter, honour, and greatness, the latter alternative
had been adopted. The Right Ilo!:ainrable (len-
tleman then went into a justification ofbisresolu
tions.recorded last Session, an i contended.that the
paper of the Bank of England was,, for all legal
purposes, equivalent: to coin ; though ceilainly
not so to those wino wished to melt it down, or
make it the stilaject of foreipt trade, which, how-
ever, was, a•ad bad long been, contrary to the.
laws of, the land. Could it have been possible to
enforce theae penal laws vigilinaly and perfeetly,-
gold would have had no other value than. paper
of the same denomination, and the only difference.
.between them was, that the one could be con-
Verted into bullion, the other could not. The
anomaly of light guineas bad been much animada.
Verted on, but this was 'no new case.; ahem
!were abundant instances in our history of ,light
,guineas being- more valuable than standard
coin, long before the Bank restrictions
.were
ever thought of. The enormous protts •of the
Bank bad also been dwelt upon : to this he
would bear :testimony, that the Bank was an an-7
willing party to those Measures whence the pro-
fits accrued, and which wore forced upon 'it by the
:Government of the country. The.Baak had ever.
evinced a desire to be released from these -restric-
tions, and the preparations it made for resuming
payments in specie were a sufficient proof of its
readiness so to do, When it could he permitted
consistently with the public good. The practical '
question now was, whether the period had come,
when they could'safely give up the safeguards that
had' been imposed for the preservation of our me-
tallic currency, aad to protect the public gene-
rally from individual vexation and opKession,?
All that the public wanted was to go on quietly
with the currency they were used to ; -but this, it
was in the power of any one to disturb, unless the I
present law passed to - protect debtors from "the
exaction of payments in a medium, which it was
out of their power to obtain. The act had arisen
out of the provocation of one. individual, but for
whom they might have. been quiet yet, and
the necessity for the law never have been
raised. It .was now absolutely indispensable to.
protect the subject from grievous oppression and
he submitted that there were stronger reasons for
its continuance, than even for its being originally
passed.
Mr: PoNsoausy expressed his surprise at some
of the positions advanced by the Right• Hon. Gen-
tleman, and at his persevering to recommend the
continuance of a law which directly contradicted
, his own resolutions. To chew: this, he contend-
ed that if paper was equivalent to gold, as stated in'
the third resolution, there could be no ground for
this act to declare that which was undeniable.a-4'
• But if a pound note and a shilling were equiva-
lent to a guinea,' how came it to be necessary to
prohibit a landlord from insisting on his tenant
paying him gold) Ile could not comprehend how
it was passible, for the Right Hon. Gentlemari to
advance aa assertion of this sort, amid to say he
had no doubt of this equivalency. Had it' soh—
sisted at all times; or did, it, subsist now? Would
a man give a guinea for a pound mote and 'a
ling How then could it be said they were equiva-
lent ? But there was no difficulty before the de-
preciation existed, , and therefore he maintained
"that the resolution was false. The Right Hon.
Gentleman had attributed the difference to the.
non-importation of gold' and silver from South
America"; but this, if true, would apply equally
to all Europe. Would the Right Hon. Gentle,.

riiaM say tbai tiie priee.F.dd risen 3 i P-er cent in
France, as it l aid done in this cbutittv, Or that
,
fidid oure the sure protichil)ll to die French Bank
I paper which it did to on r s ? But it was equal for all
lawful piirpose4—of this there was no test, and
I they could not i•esor.t to cse produee it. He
Contenlidedthattheß li of last tittssion was in troduc-'-
ed to protect the reolution, and:it all events, could
I see no reason for-pressingthe present billat this thne.
He wished to knOw what preniuni was paid by Go-
nicht transmitted to the Continent ;
:and aSked the Chancellor of the Excherwer across
the ta'ile tci furnish bias with this information,
which repest not being comp!ied with, he com-
plained in rich Of the ;hence inl:ut:iined on the sub-
, jec.l. then wila4-. was • the reaso.r of
the scarcity of change, and the disanpearguce of
small silver,. coin 'lhi:Oughoat the country ? lie
B believed that even the private ,til,.er's in 'London
were 'obliged to ply for acconnno,!aCon in this re:-

spect, ant that toe Bank of Ea,:;land had told them
they could be supplied as htnTtofore with silver
currency. Did. t;;e Right Hon. Gentleman pro-
pose that this' state of things shouldlast, anA that
no inquiry should be allowed till the Act was cram-
med doWn the throat of the New Parliament ?
Such conduct was inde.cent and mischievous, and
he, .for these reasons,. concurred heartily in the
AMendinent that had been moVed.

MANNINc Anticcd that the supply of change
had been • di3continued for 3everal week by the
• Bank, on account of the step put to the a mporta-,
tion of,dollars from South Awrica; .but to slicw
bow much, had been done, he stated, that Avithin
the last 15 months aterly two millions had been
actually isSmed in this way by, the Bank. About
a week , ago the Directors had given orders for
further issues, and wore, as they ever had been,
innst desirous to accommodate the public, in so
far as was possible, from the quantity of salver in
the market% Ile then adverted to the paper in cir-
culation', and_ as the returns were not yet before
the House, informed them. that the Bank notes in
circulation yesterday;evening, amounted to only 22
millions and a half. In July 1812, the amount was
25 millions ; three of which, however,
had lain act the'drawers of country bankers, to pre-
serve them from sinking under the pressure of the
times, and by December of the same year, was
returned to the Bank—and thus the circulation
again reduced... From, this: it was evident, that
the depreciation allege(:, 'conld not be attributed
to any excessive circulation of :the paper of the
Bank. He also defended the Bank from the
charge of profusion in their discounts, and issu •
ing money for their own profits. The Bill was
'neither wished for by the Gc.,ernment, •or the
Bank, which wished no other protection for their
notes than the Confidence of the people. It was
rendered necessary by the measnre tak...n by the
Nobleman already so often alluded to. By the
Restriction I3iii of 1797, the Landlord was pro-
tected, but the Tenant left to vexation and op-
pression. His effects might be taken for non-
payment in a coin he could by no means procure,
and when sold,. the same cause operating, and
purchasers being .refused who could not buy with
gold, his stock would be disposed of infinitely
under its real value. Was not such a' case
,of
hardship to be guarded against ? Ile Would cer-
tainly give the Bill his support, for it such an cx-
amii!c as he had mentioned, were to be followed,
or to be• left possible by the law, the-utmost con-
fusion and distress would be the result.

Mr. TholiNTolsr supported the opinions ad-
vaiic.ed by the ihiltion Coiumittee, and was in fa-
vour of opening-the Bank provisionally, at a spe-
cific period. I.le acknowledged it would be harsh.
to limit their issues, if the exchanges could be
rectitied,, and the price of gold otherwise diminish-
.ed. He•then proceeded to point out the advan-
tages to the eonunimity arising out Of greater is-
sues. It gave ease to speculation, and to the
furnishing of loans and raising money for the
'public. It. also favoured borrowers, though it
pressed hard upon real property, and taxed those
who were possessed Of capital, by decreasing their
interest.. It was injurious to landlords, and in,
favour of the farmer, through whom it became of.
advantage to the. country. .It was also beneficial
to tire .nation in 'paying its -annual twenty-six
or thirty millions .to the National Creditors.—
Ile agreed that the rise of. gold was in a con-'
siderable, degree owing to the circumstances of
the world, and the state of our force on the Pe-
niuula but the principle of the current medium
was as much an invasion of real prOperty as if
the Government actually took so much from the
Proprietors.
.We were getting into a paper cur-
rency, without reference to the corresponding va-
lue and test of the precious metals. He had
thought that, when they got to 30 per cent. of
depreciation, GentleMm would be alarmed, but:
nothing would have that &Sect. He profess'ed he
did "not want any 'sudden remedy to he. attempted
in the present.vibrating state of Europe, and was
willing to wait, the probability of, the opening of
the .Continental markets. On the subject of local
tokens, he asked, how the circulating medium
would be supplied Were they put a- stop to.? and
cOneluded by stating, that he was willing to suf,
ter the. Bill to pass, thongli he would rather have
wished- farther time had been allowed to recon-
sider

Mr. \sr. KEInt4E thought, tlit if the present
state'of Europe were duly considered, the I-louse
would agree with him ia `liinking, that not
been for the Bill, we should never have been able
to continue our ope'rations on the Continent.
On this ground. therefore -he would support the

Lord FOLKESTONE thought that there.was great
cause for the House to consider • weir before they
agreed -finally to concur in the measlse now pro-
posed, to them ; and that 'particular attention
should be paid to what -regar(!ed Local Tokens;
before this Bill was passed. However, upon (lute
consideration of the, circumstances of the case, he
proposed, that the Bill Should be allowed to pass
for a lituitod time ; and thus, that after the Christ,
nuts recess, Parliament might •again consider the
matter more fully,, particularly what related to the.
state •of the currency, besides-the other .matters
connected with the..l3a On this ground he wish-
ed that his 'jolt.- Friend (Mr. Cre-ve-) had
drawn his Amendment. ' •

, After a few words from Mr. HuAisson, which
-‘l7e could not distinctly hear,
Mr. CAsEvEY wished to know, before the goes-

tion was PO, ‘iibether Miritsferi would accede to
the proposal of his. Noble Friend, and agree to
have the Bill passed for a shirt period ? • .
Lord CASTLEREAGH said; thdt several branches
Of the present question must remain for discussion
or some future Occasion; but teas not &rare of
any circumstances which could possibly happen
iVithin the linited period which hid been meni,
tiOned:that.could tend to render the present rhea.;
sure unnecessary.

Mr. WI-HTBIMAD thritight that there should lA,
More valid reasons assizned for the measure note
in question, than any wide') had been given- by
the Riga- H i. Gentleman (the Chaucellor ofthe.i•
Exchequer). In fact, the Right Hon. Gentle-
man had rimed the questions :vhich had been put
to him, and-in.-giving his reasons for pressit!'g the
• measure nnw in question, had evaded any satis=
factory statement, by entering into getunsal de-
tails. He Wished to reduce the Right Hon. Gen=
tlen-ein ad verecrfitdia6, to make him ashamed of
,his having- been the means of having an Act .pass-
ed in direct opposition to a resolution 01 the
Haase. With regard to that part of the Act
which went • to." protect the tenant against the
berilord, on this matter he wished to vindicate
the notch injured author of the impoytant ques-
tion on this subject (Lord King). The proposal
of Lord King was not, as it had been represented,
as inhuman oardship, by calling on the tenant td
pay his rent in gold, which it
.was not possible
for hint to procure. What Lord King wanted
was a stun in Bank notes equivalent to the bul-
lion price of gold which he had calchlateir Lord
Kilo,s was not the only- man who had this' in. con-
templation., He (Mr. Whitbiead) knew many
other landed proprietors. who were inclined to
adopt the same measure ; and' their_ reason was
this, that the tenants had long leases, mid at toe
time that. these leases were granted, the rent was
proportioned to the value which the produce of
the land bore, to the value of gold. So that the
the value of gold having increased; it was but
just, .that it .the rent was not. paid in gold, it
should be made in a sum in Bank notes equiva-
lent to the market prke of gold. Lord King had
reason and law on his side, and yet the law pro-
ceeded te) do him violence. As to public estima-
tion, nothing could be more ludicrous than the
proposition stated by the Chance'lor of the Ex-
cheqtier. lie (Mr. Vansittart) bad maintained,
that in all the ordinary transactions of life; a
Bank note and a shilling, were equivalent in
public estimation to a guinea. He would just
propose to the Right Hon. Gentleman to go to a
shop, and if having bought a quantity of goods
of the value of a Bank-note and a shilling, and in
payment he should offer a guinea to the sopthan,
•he would fiad that 'in consideration of being paid
in gold, the shopman would not give him. an ad-
ditiOnal five shillings-worth of goods. He thought
that the Chancellor of the Exchequer had totally
failed in his illustrations. He entirely differed
from those Gentle Men who had said that a Bank
note was more valuable than a guinea, because
nobody would hoard or bury a Bank note in case
of an invasion or any such Calare.ity. • This was a
very fallacious argulnent. An lion. Gentleman
(Mr. Keene)'had argued as if ibis Bill had been
the Means of enabling us to'carry on our opera-
tions on the Continent. 'But he begged to recal
to -the- recolleetion of the House, that this Bill
was not enacted until the end of 1811. The. mea-
sure now in 'agitation was exactly similar to that
of Robespierre in France. Robespierre had en-
acted that no goods should brought to market
above a certain price. The consequence was,
that no-goods appeared. This law enacts, that
no 'gold shall be sold above a certain price.; the
consequence, of course,- is, that all the gold
appears. • The whole system will come to its own
,
extinction ultimately, unless stopped in it's pro-
gress. Prom the first he had been averse to the
Bill, because, besides its idany glariitt defects, it
tended to defeataits object. He would again ask,
whether any guineas had by any means, or by any
connivance, been bought on
"account of Govern-
ment ? An Offer had been acknowledged to have
been made to Government of a number of guineas
for sale: and this oder having been made, shews
that the impression on the public mind is, that
Government will ultimately be obliged to act coil
-
trary
trary to their ow laws. y Had any guard. of a
mail-coach, or any such person, been deteeted.in
.any such practices as that swhich the Right lion.
Gentleman had stated as having come within his
own knoWledge, he would have been proceeded
against with the utmost rigour of the law. The
Right 'Hon. Gentleman, however, had acted in a
very innocent and !meatless way, diy not putting
the law in force against- 'the person who had of-,•
fered the guineas to him for sale. Until gOid
should find its proper value, no gold would ap-
pear ; when•gOhl did find its proper value, it would
be had. in abundance.. It . might as well be ex-
pected that St. Paul's' should stand without a
foundation; as that public credit should exist with-
out metallic credit to support it. Although he
Considered the proposal of the Noble Lord (Folke-
stone) as a bad one; because tending to give a bad
precedent, that they who fundamentally opposed
the Bill thonld consent to its being passed for a
limited •thne, yet, considering the peculiar. cir-s
stances of the case, he would agree to divide the
House upon it.

The CHANCELLOR of the EXCHEGLI7EA .explained.
He again positiVely refuted tho assertion. that
Government did at any,time employ persons to
purchase guineas for them. He also said, that
the last price paid by Government for bills to the
Continent was 67 pence per mil rea.
After a few words from Lord CASTLEREAGH,
Mr. CANING thought the ptinciples of this
Bill Nft re.opposite to every principle of political
ecOnouty ; but that the necessity for it which did
now exist, arcse from the measures which had
been adopted. on, a former occasion.' His Vigil:
Hon. Friend (Mr. Vansittiart) had stated,•that in
point of public estimation, a Bank-note •aitd a
shilling were equivaient to a guinea, when, iu
point of fact, it was well known that at that•very
time a guinea sold for, 255. At that time -he
thought that Government would be obliged to
hale recourse to legal force to establish whet Vras•
called the public estimation ;- and this was ful-
filled in a, few. months, by Government being
obliged to have recourse to t tir present Bill. The
Bill was divided into two parts; what regarded
'the payment'of Bank-notes, and the o.her part,