The Sun.
London, England, 1851-02-21 00:00:00

to consider the law of partnership, and a proposed Frani:
tatiun of liability, with a view to encourage useful es_
terprise and the additional eleployment of labour. ncei
considerel that ens law which he now proposed to SWeu
w of the
as a great check to the industry and energy hi,
wodsing [neon of the country. Now he would direct
er
attention to the way in which the lower classes ti
ere eted by the several Bills which had been pose?this
that 'sub j• ct. In other countries such an evil aerie ed
would have been productive of the mot
Effects; and by the which they had adartes
po'icy
the contrast between the condition of the eteasbetwae
of other countries and those of this had t
made very apparent. In this country the grit,
amount of capital had been accumulated
ever been gathered together in the world before,
and yet they derived no benefit from
wee connected with an interest which had sufferiet;ll6.°4
than any other. The interest from which be derived a',
humble income was the landed interest, but all bis beobe:'d
had been disappointed, and the measures from wills"' he, the
anticipated relief had produced no benefit. From
returns. of a society with which be was conneceteafood
which extended to twenty-six counties, b worse
that the working classes were in a far goo
condition than they had been f"ci for sot
years past. That society had offered a rewar coo,
proof of the redundancy of the population in these ....
soi.
ties, but no one had appetred to claim that re w bee
(Hear, hear.) His Restit Hen. Friend bel?gto the
(the Chesicellor of the Exchequer) could go 11_,00,
City and borrow money at ei per cent., to any abe'rro'r
while the working community were obliged to tee,
at the rate of 60s. for the 1001.
and any of the other great The bO7O
d
could do the same, and he asked under the 61'0112 Does.l4order
whether some alteration ought not to be madeise"nt o
9t
rode
to increase the welfare of the lower classes, 311
capi al more available for the general ere oat of
And yet just at this time they found men ,w-0-0 able'
employment—men only half employed, an° 113 t
bodied and ready to work emigrating
of the world. He did not state this
h., thof
cause of bitter complaint, but as a cause I. .:00011
should inquire into the subject. The 801 for lb.
party was peculiarly interested in this question
_toe
more they enabled the working men of this er
to distal' a
the
to buy cheese, drink malt, and wear woo
went
more they would benefit themselves. AS fp fist
capital was confined to a few bands, it w'' be, ill.
monopolised by a number of speculators, be#
stead of applying it to the employment eye--
labour operated with it abroad, and mach of evil--
the
id
for an evil it was, and a great one too—was ereete;ea,
fostered by the cobwebs of the law. For igiga
man with a small estate could not raise Ineulescoss
its security without going through an expeolv.e, 4 Per
of law, and the consequence was be had te,„P;ere West°
cent., where he should only pay 3 per coat. .` mob P.
four points with regard to this question to Ivory Os
would direct attention. The first was, that e or
ted with laied through conveyances, lost owe
connected
provements, was loaded e
quence of which they bad to pay one-fourth al of bind
they ought. It had been shown that the salweneittiol;
with legal chicane*
o''re tool
was depreciated by five years' purchase, by the rostra°
of these heavy impediments and expenses, tbioo
of obtaining loans at 4 per cent., if this ttatand eer one
did not exist, they might obtain them at Si Pbeetere"
they adopted the plan of changing loans into Lien I St S
to pass from hand to hand, they could get °Lebo o°'
per cent., which ought to have been adopted per:
vernment whin they advanced money for dratn;ioo ot
poses. This was the first fetter on the acesrl!°
rOpoeti
his
capital. He came to the second head of soft
tion. If any public improvement took place 1,01509 ee'f
or particular locality, such as a bridge, gas oslitY
any project which partook of the combined fld be skei
public benefit and private advantage, before
cessary for the parties engaged in any of h"-efore wt h-'0
to come to that House and obtain a Bill biked
could proceed. Why was not an Act passe" et could
Enclosure Act, by which these insproveraiew, 501
be carried out under certain regulairolistaehaa
thereby making it unnecessary to comet ,ao3e
on these matters?—(Hear, hear.) lie "wee jaben'e-0."
third head. There were persons amongst ''''l",sys
and working classes who were anxious to Past f
portunity of applying their savings in s way nt otaie
be useful to them, but who, owing to the pre
forth e
the law, were unable to do so. What be ,a,skee sonar r'
men was fair play, and nothing more. 1041 ~„
ry
men clubbed their money together for barmen to Poi
poses, it was only necessary for one of these ea, 00014.0
restive, to throw the whole affair into tileo,.o ef the
Chancery ; and the House were too well noire 113;
peculiar character of that court to have any ps_ 47813;
persons should be wantonly placed
All that was asked for persons situated in ;riot. ger
stated, was, to give them the advantage of nti the Pcl,lloi
plicable to benefit societies, and to give theisitle-eie
The CO,e ge es
of suing, and of being liable to sued. bpd
last year decided in favour of this Prinfejelteh b° esd
came to the special object of the motion 0 fourth bit'
given notice, and that brought him to the be, of F"-00
of his proposition, which related to thee,„_ if Pelle§
nership. By the existing
advanced a shilling to carrylaiewgotopuatru3seur°llFee't'lieerheie
to deprivedl. W
liable, in the words of Lord Eldon - beef ibis --wilts.
last
strains! and last acre. The e'ffee'" ut PPe" a
to r ocal enterprise, and foster dista
rOOOOO
time, However a person might desire reaereredifer be
good work in his neighbourhood, he was u,,,,0110150-
lending his aid to it, lest his whole proPer:', of pm—
..., I'9
sacrificed by his efforts to promote the esteleti,l7o,'"o-eveesi
thropy.—(Elear, hear.) The Government" '
the power to grant charters in respect to tries paten
and thus save the parties engaged in theta "e"
liability. But there was great difficulty alluithaul°-%
re'erence to these charters. In the case iohtirt°,,r.
lodging houses, it beaniee necessary to have obta' hie
save personal liability; but it cost 1,0001 t ofort
Surely this was too large an amount t° rise 'Stip
privilege of securing. one atsain9r wade veto
sibility of his benevolence being
, f last ,A 1 1)0
instrument of his ruin. The Committee
should sbotw
recommerded that increased feeilitie9s
cbartere.
aff ,rded as regarded the obtaining of tho
great
euestieetbe
limited liability.
(Hear, bear.) the lO for
want.HeTnhoeweeme to
this tegre • ,ber _
of
law of partnership prevented persons joiniforueigdee'e 511:
any useful purpose, lest by doing so tbeYssshe oadettp
jest individually to all the consequences °_rahe bite the
ing. The Honourable Gentleman cited to sbO.se'rt of
Poulett Thomson and Mr. Stewart Milne' be etibreel
propriety of altering the law as regarded ti .00
scot
limited liability. No cautious man loulc!„? PLerss6
undertaking so long as the law existed
.1, no or- de
form, while it was shown that the law dlasogSoso
to prevent speculations of the most ext wee ood
scription. Ho only asked for a C°110110" irs
quire into this subject. In Italy, Fraececi food ,aieo
America, the principle was acted oign as out a steer
beneficial. He begged leave to Moe wof Pa' yeti Committee be appointed to consider the la with aaj etr
ship, and a proposed limitation of liabilitY,ddit top
to encourage useful enterprise, and tuees, - a
ployment of labour. acid
Mr. EWART seconded the motion. „e then ,00
Mr. LABOUCHERE having referrea so 10A
terms of the motion, said that the hurl° far 00
referreosietoO
controverted subject to which it
amongst ether things, a matter of serious C 000 e
before the Committee obtained by the (inni ott thh:Pail
last year; and the object of his Hon. xrie-bich trei
sent occasion was, that the Committee vi sottgeo a;
now moving for should have this question bfaereo.,'oeo:
cially before them. His Hon. Friend ba!! e- oter_tt it
o,
thorities in support of the views which aeloferret: oppe
but if the authorities on the question were es°6"eig
would be found that they had- expressed dr „.oda''' -40
site opinion as regarded the policy of long. 'ill
limited liability into partnership trans antl is forl'ore
true that this limited liability was ssetiOnsetri.
other countries, where commercial tot/it-bit; ti,"drs,.ll;
not as extensive as they were „ with "00e_As"
andthe principle had been acted Ill'°"0 care seri
rage. But in a country like ours g".'oo, P $
to be taken lest the principle ill que#ll:
,u_Pon., should lead to convulsions hi °°1:10111
I', did, would prove most injurious to bieb 0000
classes, to benefit whom was the object Bed en elLtter
Friend had in view. But while he exPres;ii tbi9 $l3l
that any sweeping alteration of the la did' voteositelb
should be undertaken with great care, he anded 'I tor
as re 000 4);
same time mean to say that the law oh a ewes I
liability may not be altered and modifieutbe yep 13s
end he therefore bad no objection tu°,tn fyie% 800,1:
of the Committee asked for by hie „,--,h.whed-sioaeri
in doing so he wished that Han. Gentie--0 disP-teace e
ing upon the inquiry, would do so °to itoP°: fl°
manner, and with a full knowledge 0.f,4,4 00°4
the question which they bad to ecesi-te",g; eOPl7lOOil9
believed that under the existing °IA fair opP,° 130 0°11"
used in legitimate speculation with amploYrce% Frletriji
an adequate return for the money eThis nee-. ettb-
fessed he doubted the soundness ea. for e oviog
views when he suggested
facilities their 00011
the working to the best Jo ih
in speculations. He thought Lillis food oe
for those savings was to be foes. podia
savings banks or in the Government (10,Ktt
fectly coincided with the Hon. Gentierl37 iota '-geltio'"°
that a very great advantage would erlegd is) lila a seeria
motion relative to the working elassel3!a red Lbli 0113°10
to the co-operative societies, he conalee se to 0110
thew, should
encouragement should be given to eleA
every obstacle, and that the Legislator ,heir itioceedV
them every privilege for the exercise "
01000 • De °P
and their good sense, so far as their exe •t soe;
for the advancement of their own we' sgaitsibi
goose ffst
thought it necessary to guard tbe ts tua .0b
posing that he agreed in all the stateene,n,
eertei o,to
Hon. Friend on the subject; but he shewl,l„o_'esittee. aecta,
no opposition to the appointment of the
liealoe, pra,,
was proposed. His Hon. Friend W 01141., Y 0130 ;for Pe
he 0+
woru g I
him to suggest, that, instead of tee „ ineee east
posed limitation of liability." be st.ouite
" and the expediency of facilitating the
liability."
Mr. SLANEY having agreed to this S_Usgg:o6tei:ilits°°sll
The motion, as thus amended, w"
adopted.

Mr. LOCKEEI ore tc)
LiEuCNTGIVB FRANCHISE.
for le go
then rose to move .,,,,,
bring in a
I Ind and Wales the same as that i❑ borought4 hi ~f the
Bill to make the franchise in couetiee 19 •~ipg
the right of voting
to all occupiers. of tenerauet9 " the
annual value of 101. He said that, in again e641°.; tof
agreeing
ofto his
leavethe
eof the House to introduce a Bill on the litlii,jd tlia
good fortune
he was happy to think that be -0 gbi
theg only
to have overcome the chief, he Gscere'
said that" 6
moat
.?<;1.
.difficulty, which lay in the way of the
this kind ought to be brought:4 jeof
in the session;that to lay Bills on the table, and SI
them there, with motion last session• It 1 estVo
no intention of taking l'he../131,104
going on with them, was trifling with the wale Olt
OM At all evens the biome of the 0000171"-