The Sun.
London, England, 1817-02-20 00:00:00

QUESVION OF ADJOURNNIENT.

The Cti,%Neci,Lott of the..ExentiQuEit moved
that the 'louse, at its rising, do adjourn till
Friday. -
Mr. Bnouon AM said, he was sure the House
would do him the justice to believe, that he wool()
never wish to preclude any arrangement for the
accommodation of bis Majesty's Aliuisters ; but
he could not give his'consent to such aceommoda-
tioo at a time like the present. Circumstances
had happened since Monday ti hid) called for the
most serious attention of that Honse---circuno.
stances, indeed, which were as is-nportant as any
that had detoured during the Session. Last night,
for reasons which every one could guess, instead
orMinisters honouring the House with their at-
teudttoce, they kept away, knoWitig that their
absence 'night be fatal to the ballot, anti thus the
whole business of one night was completely lost.
He was aware they might plerol the excuse of their
absence oil public business, but there was no
reason of a public nature that, could be olleged
for the losiunr, of another day. His Hon. Friend's
motion (Sir M. W.Ridley's), stood for last flight,
but as the House did not meet, it could not now
be brought forward till, further notice .had been
given ; and if an adjotiiirtnent took place.over to-
morrow, another Hon. Geutleman's motion (Mr.
CorWen's), would he debated on Friday. On
Monday they would have to consider the Report
of the Secret Committee, and the consequence
Nymild inevitably be, that they would have to put
c,a. a 1110 st important and delicate question in many
points of view (that of the number of Lords of
the Admiralty), to an almost indefinite period.
e'er, if the Noble Lord hi-the-blue ribbaud,artiny
one of Ilk Majesty:B Ministers, would assert, that
they really intended to have had it House last night,
he would be satisfied. Dieir absence, however,
List night, afforded one ground for comfort and
consolation to the Howie and the country. It
',hawed that the report was without foundation,
that Measures of IA pressing I.lllt tire were necessary
to be resorted to. An alarm on this bead must
now he et an end ; for if the Report of the Se-
crct had contained any matter that
might call for the least innovation on the laws by
rights. And Fibril ieti of the people .were
pi coveted, it was impossible that Ministers could
siterifice tcvo night,s in this week, and postpone
fulfilling their intention: _

The CUSNcut,Lott of the EXCHECWER declared
that every mode had been taken to enforce the
attendance of Members, but it did not. succeeth—
fic regretted,that any delay should have taken
iihee ; but lie believed it was perfectly well known
what manner his Majesty's Ministers siere'em-
ployed yesterday, previous to the ordinary time of
public business; they were attending a very im-
portant investigation before the t'rivy Council.—
Ile cQuld not see any reason regarding the future
proceedings of the Mime that should operate
against the ordinary respect ever known to be
paid by tie House to the day set apart to be kept
us. the birth-day of her Majesty. It was quite 11-
dkrulons to suppose that any inconvenience could
arise hum the deferring the motion of the Hon.
Baronetots the subject itself, even without any
motion upon it, would soon come before the
House in the plans of retrenchmed to, be examin-
ed, Would any man then say., that it was of
any consequence whether the number of Lords of
the Admiralty might he discussed this week,,or in
a.fort night, or a month. heure ?—(Hear, hear,
hear I)—If any difference could he Inane about
rendering it necessary for the lionsti to sit to-
mortow, it would unduubiedly be this,
~that the ]

Report about to be presented might be taken into
consideration to•morrow ; but it was known that
it would ‘ take a day or,two to print, so that it
could.m.`4l); considered night.--.
He before Monday night..
a:4,l:nor aware that then be any °kin-
tion,to.Consideringthe Honourable Baronet-1.3 mo'-'
tion' Ouirny'other'ilay after Monday.
Mr. CALCRAFT thought it of great importance
that this motion should come on as soon as pos-
sible. He suggested that an arrangemeot.of more
convenience might be formed, if the lion. Gentle-
man. (Mr. Ourwen) would concede his day to the
Hon. Baronet. He thought it was not usual for
the House to adjourn ott the occasion of her Ma-
jesty's birth.day, though he knew it was on that
of his Majesty. He was not certain that this WAS
the feet, but he believed it was not, usual., He
trusted that the llou. Gentleman would postpone
his motion, that that of the Hon. Baronet might
take precedence of it.

Lord CASTLEREAGIT said, he would always be
glad to rnee: any arrangeute►it for the accommoda-
tion of the public- business ; but it was ,►,►either
right nor necessary to alter the practice of mark-
ing that respect for the celebration of the birth-day
of her Majesty, which had always been shown by
the House. If a choice were to be ►trade by the
House, as to the, priority of the two motions, it
,would be a most unfortunate one, indeed, if that
were selected which related to a reform in two
offices, in preference to the consideration of the
whole of the Pour Laws of the kingdom. But he
was confident the [loose wi,uld show t►teir pre-
trrence to the latter, as there was nothing which
exacted a greater pledge front them to make every
thing give way, unless, indeed, it were what related
to the vital safety of the conntry.--qtlear, bear,
hear !)---It must necessarily be a question of an
extended and elaborate nature ; and if the House
expected any good to grow out of it, it could not
be too soon brought under consideration. He
suggested that the attention of the House oughr
to he called to the guLstion of the two offices on
Tuesday ; but he should lament' if the subject of
the Poor Laws were postponed, to give way to a
question respecting the seven Lords of the Admi-
ralty, which number had existed ever since the
Itevolution.—(llear, heal !)

Sir NI. W. ftIDLRY declared, that his ideas lay
under gt eat confusion, it he were not correct in
considering the question of the Lords of the Ad-
miralty to be one of the greatest importance : and
on this account he was sorry it had nit fallen into
other bands. But he should consider it a derelic-
tion of his duty if he hesitated to bring it on ; and
he should therefore really feel obliged to the Hon.
Gentleman (Mr. Curweu) if lie would postpone
his motion.

Mr. CUKWEN said a few words, and as far as
we could understand, the arrangement agreed to
was, that the Poor Laws should be debated on
Friday, and the Admiralty question on Tuesday.
The question for adjournment over, tomorrow
(this day), was then put and curried.
In answer to Sir M. W. RIDLEY', Lord CASTLE.
REAOH said it was intended to take the Report of the
Secret Committee into consideration on Monday
The Members chosen .by ballot for the Electiot
Committee were called to the table to be swurn
They were---
M r. Leader'
Itarfurd,
Lacon,
Mr. Fitzhugh,
Mr. T. Es-lc:mat,
Mr. G. Junes,
Mr. Bastard,
Mr. Fuullits,

Mr. liatrst,
Mt*. Round,
Mr. It. Abercrombie,
W.Thornton,
Mr. C. Harvey,
Sir J. Mackintosh,
and
Lord W. Russell.

COMMITTEE. CP SECRECY.

Mr. B. BATIIIIIIST appeared at the bar ‘vitli the
Report of the Committee of Secrecy, to whom cer-
tain papers laid before the House by command of
his Royal flightless the Prince Regent bad been
referred.

On the Motion of Lord CASTLEREAGH, the re-
port was mitered' to be read, and appeared to us
to differ but little in substance front the report
presented on the preceding day to the House of
Lords.

It commenced by ntatirig, thnt the result of the

inquiries instituted by the Committee had been to
convince them, that attempts bad-been made in vari-
ous parts oldie countryand metropolis
.otakeadvan-
tage of the present distresses of the labouring classes,
by teaching them to look for immediate relief from
plans of Parliamentary Reform. These reforms
were made to consist chiefly in universal suffrage,
idiot the election of Representatives by ballot. Un-
der cover of these schemes no doubt, however,
could remain, that many of those who were the
most active in the support of the ostensible
object, contetnplated nothing less than the
entire overthrow of landed, and extinction Of
funded, property. These projects were indeed
unequivocally avowed by an association of persons
who professed a set of principles comprised in
what was commonly denominated. the. Spencean
plan, front the name of a visionary writer of that
name, who published it about 20 years ago. At
a meeting of these persons, held within the last
month, the question was discussed, whether the
,success of a Reform in Parliament-was not likely
to produce more evil than good ; and it was de-
cided that it could only, be productive of disad-
vantage to the true interest of the country.. It
was further resolved, that no Constitution had
ever existed, and that no man could tell what
was. The landholder, however, it was clear, was
a monster who ought to be hunted down, but that
the fundhohler was a still more mischievous Member
,
in.the Community. At these meetings the most
blasphemous doctrines were freely propagated, amid
as they were generally of a convivial character,

:hey seldom terminated without songs, in which
he most profane and seditious topics were intro-
laced. Parodirs on the liturgy had been repeated
it chorus on these occasions : but in more delihe-
a►e Inortients the arts resorted to were chictly di-

reefed towards distressed labourers, soldiers,
wand disbanded seamen. Their doctrines were
tircalated to a great extent by means of cheap
publications, and handbills distributed gratuiteusly.
Some of these parties ppeared to have entertain-
ed, for a considerable time, the project of raising
a great power by means of a popular instirrection,
and overturning, by physical strength, some of
the most itnportant establishments of the country.
In furtherance of this design, Committees bad
been appointed in different quarters, 'in the
preparation of a force which should be strong
enough to overpower the guards on duty, and to
possess itself of the artillery. The Bank and the
Tower were to be the first objects of the assault,
and the construction of a machine had been pro-
jected, which should have the effect of imped-
ing the approach of the cavalry. This latter pro-
ject appeared to have been relinquished, and,
previous to the intended rising, it was judged ex-
pedient to ascertain, as far as might be possible,
the strength and number of the Conspirators.—
For this purpose it was resolved that a general
meeting should be advertised, and- the map of
London was carefully examined, that the most
spacious and convenient spot. for •the assemblage.
of a large multitude might be selected. The place
at length chosen was Spa-fields, and the minds of
the populace were industriously prepared for the
occasion by placards, stimulating the most violent
and even sanguinary excesses ; one of them uj
follows

4, BRITONS TO .ARMS

" The whole Country units the signal from. London to fly
" to Arms ! haste, break open Gunsmiths and other likely
" places to find Arms ! Run ;111 constables who touch a man
" of us ; no rise of Bread ;' nci Regent ;• no Castlereagh, oft
" with their heads ; nu Placemen, Tythes, or Enclosures;
" nu Taxes; no Bishops, only useless lumber ! Stand true,
" or be Slaves for ever."

" NAL—Five thousand of these Bills are up in the Town,
" and printed ones, with further particulars, will appear in
" due time."

The leaders of the intended insurrection al-
ready began to erect the tri•cul►►ured tiag, and

to assume other symbols of the French Revo-
lution. A Committee of safety had been ap-
pointed, consisting of twenty-four persons, and

the names of particular individuals had been ad-
vertised as proper objects of their hostility. It
appeared to have been determined, that no vio-

lence should be employed at the first meeting;
but the opportunity WAS not k)St of appointing a
second, at which, previous to the commencement
of the ostensible business, the most seditious and

inflammatory harangues were addressed to the peo-
ple assembled. The interval between the two
meetings had been employed in conveying the in-
telligence of a second meeting being about to
take place to all the most populous districts in
the kingdom. One of the Committee diScharged
all the immediate expences, and active prepare-
tions were made for seducing the soldiers frog►
their allegiance. The barracks bad been recon-
noitred, and an accurate account taken of the dif-
ferent gunsmiths' shops, and of the arms which
were likely to found in them. Pl►eras were like-
wise adopeti for seducing sailors, and get-
ting possession of the shipping, by bolding out
the hOpe of high rank under the new Government.
For the accomplishment of these objects no great
quantity of arms appeared to have been provided,
but n sufficient supply was proabahly expected
from the spoliation of the gunsmiths' shops and
warehouses. One person, however, had been
employed in the manufacture of pike-beads, 250
of which he hadixctuallyexecuted and had been paid
for. On the day of the second meeting above al-
hided to, a general invitation was circulated by
printed hand-bills and var►ous ensigns, exhorting
the populace to rally round the tri-colour flag ;
and a waggon was brought to the ground, con-
taining a certain quantity of ammunition, The
mob proceeded thence into the City, where they
broke open several shops for the impose of seiz-
ing arms,..and manifested a. desire to make an,irn-
mediate attack upon the ToWer, in the hope of
being able either to overpower or to seduce the
garrison ; but frOm a subsequent belief that their
numbers were insufficient;• appeared to have laid
aside this design. An attack was however made
on the City Magistrates, a shot fired, and a tri-co.
loured flag displayed.

However improbttble the success of these pro.
jects was in the estimation of the Committee►
they had yet no doubt of their having'bi!en deli-
berately entertained by a set of desper►ate men.—
The excesses which luul-been committed were
clearly not the effect of any sudden explosion of
popular feeling, nor were produced by the unau-
thorized arts of a single individual. The design
had been common to many, and had beets enter-
tained with the most confident expectations of
success. The information which had been sub•
mined to the Committee with respect to similar
excesses in other ports of the country, bad led
demo to the conclusion, that one great source of
mischief and delusion had been the formation of',

ertab,

societies, assuming the name, oftereae
in the metropolis, of Hampden Clubs; stilt
principle of which was to multiplttbelnul
only in all the great towns, but in evetifs,
The object professed by these association':
Parliamentary Reform on the widest boillii
the Committee could not hesitate to °l'hol
their members, who consisted chiefly tlf!,.:
bouring classes in the manufacturing ill;
expected and avowed that they aimed id /14,
tif tIO
short of revolution. The principleT
cean plan were widely dissentinstedi sliti„,
~.
published which directly attacked the
it,.
tion of all loyalty and all rale° ~,,..
1
been proved, that they talked freely OP;
molition of churches, as well as 041,, -'
vision of the land, of which it was tigt 4
moo for individuals to mark out their 07i
Tteneat,
livlisoleltheeoa:irvatttrylcimi
ashamed
se
teriglogen,i
rieitittnnsago..eni
Spa-fields
ailuAo)Tiatsnl 1
generally
eficeoeesyplsicidieattisiphi boasted,
ohtaatnal capture
bote;f been
whennntti
the
ete (11:::it 11 :Cleie;
them, that the day abhorred '7,7lit
of tpaptielgseeyrendertaio
r 1)::?:
far distant. At Manchester the newest,
t.
confidence of theantnicuitplerd'ofltililecYi .r4P14:1 I,',
the able-bodied men were dietingsis4ki
names of those whom they supposed°
enemies were registered in wilut tile!,
"
a " Black Book," and the words .. vets'
be steady," understood to be the geA
le ..,
nal which they would at, some time :..
upon to obey.
had lately receivedl‘si:earnyyl.rZoncetrisl7:9l(l:"l
modes had been taught extensivelPca.to:
the implements, of husbandry tit 'diens ,1.
l'ons• The clubs alluded to had 4e4P tit ,
as far as Glasgow ; and the Contruittr; 'yeti.
niutously of opinion, that under Ebert 0 .
Reform in the Representation, the °t/j,e4,oofr
was the overthrow of the existing 10
iiii,..
vernment itt this country, This the/ ey
to ,
to be a fair and necessary inference 6:001
formation whieh had been laid 'before t aei;
they had declined to ColllllllloiCitte in an B,r( l
f
the evidence on which they footled Ilit
"lent' from an apprehension of danger "14,,
published
ahorol!ildtits,ttilelievaiiicldaluntaitlashi,isstarinnadot
administration
; jat
prejudice,beliefiti e .tllisinte :070:;
otomntiiietterneanwneturectittairpinf:Y in tll-0° ii
tcioolnulfi,hnetelCdtat the disaffection aPPesreu I.
11.
and toll t',
districts, where distress was the mGst
batl°7
lnd that even there, there bad heed'"' seri
exemplary fortitude in the support dir?",,
tions, and in resisting the arts put 7:4001.
for the purposes of inflammation and,root!
The contagion, there was reason to ON;
reached few or none of the agricollOto
and it taught to be added, in floe' n, r 4 10/
nuniber of those who had been sethice"; 00'
very powerful cause of their dseonte°ol,
extreme distress under which theY l‘b°,olo4
the same time they felt it their duff "it oell'
the House, on a full consideration aft ' 00
activity of their leaders, the dangeroll" or"
'
and irreligious doctrines promulPit(l
,tel,d
gil
them, and the design deliberately rc'nchilt IV
forcible destruction of all propertY' 1, is
0011
was of an extent which the existing.law•
strong enough to control.
i ths,e
tthrigir."'
Lord CASTLERBAGH then moot.,
should be printetl, and taken intoconsiiruolP
Monday next, which was ordered seca,an tip
Mr. GOULBVIIN gave notice.of a
lum °tireitslo
and amend an act Of the 43d of
,„P•cauel'
it
jetty, respecting passengers leaving tiv-tol, ,
board foreign ships. In 11303 he stg °Of:,
• been found necessary to lay restrictienetotri,4l,
leaving the country, and under 1110'01
no ship was allowed to carry Inure 1 Iv Pe?,
number of persons. The alterati°teat, of ado
posed was to allow the same numbe!oo
to go out to time colonies in foreigo'sll.le
be allowed on board transports. -
~.. ti
PROFITS OF THE DAO"' ..,,oF
Mr. GRENFRI.I., On calling the stten,telgerl.lll
began 14, stool
House again to this subject, eottotlo ittltit,
that the circumstances of the
end of the last Sessions bad Woo° „ oresto
that it he 1111(1 no other inducement t,`"tiops It., it
he should consider the number of Pettit 110.70
crowded the table to be sufli::iont',.bertfteftsl
recollected, that he had taken the 'l,OOO I
two last Sessions, of calling itic 811:10011, ..,
House to the leading pecnnierY trt!"tbd P rli
tween Government and the Balk'
Oreconotoloi
'f i'itmdiiring such a princiPhe °ft' 0 00°,1/000
retrenchment, as, while it secure wort:
vantage to time public, should d°,l,t° ibot°4l .1
great national establishment, ur.ffitOrri, Ord
press his statement into as ehar-bserfOrtift`i,
possible ; and he should beginbli,,:Coa'nr Ku
ids object was to move for a oe.-- the oati ,r
inquire into this subject, as being_.- stisoteloti Pi'
We mode by which it could be i":he 00,14,4 010;
bad said. when he first brolight ,Ifesed II':
ward, that he was aware he 6";:lingll44LY.
self to irritable, if not hostile " fit t ' ciC
of cpeatik
part of a very respectable bo°Y native np
rectors of the Bank, in their qo be oatit.'l
But it should be recollected, thet

S

y!

'il

It,

11

em liostil.l to the hest interests of the coml.
V; ILI! (WO system IlAti originated with, ant
gri supported by them ; aud• that it was one 01
ninerited and exorbitant profits, which no t
..:,..-
ces performed entitled them to receive.
11
ishe(l,lloe..ever, to afford them ample and liberal
:ennnotlatioo, but that their services anti re-
arili slrould be founded on soething like etinirY
id moderation. At so:
time the Restrict*O•et.
Islet', in 1797, the affairs Of the Bank
were 1,;"
P
!stigaied by a arliamentary Committee. NV"'
oin the commencement of the Charter down-to
Idt period, which was
4IY profits more than 100 yeitisit the
the I)irectois of the Bank received
!milted of those annual dividends, which corn'
eared in 1694 and continued till 1730, when,
iiin rations causes
!, aisle or , they were in the
proportion
.
ten per cent. These were thet,T,ltY
As, which tiad fallen to about seven Per cent'
' tll'! Year 1797. Any thing in the shape of bo ;
lilei Yea
wholly unknown, and the annual avec;
Q. yer
le amount 10 1797, ws tt more than
1.1,, It appeared that
, stripierime the Bank pos-
ited A SlirphiS profit '03,800,000i. while the ba-
ilteot their assets wis 15100,0001. With this,,
[pita! ti,e 11,,ik start,.(l in 1797. Crinfining,,_ois
to die exorbitant profits given them by G -
l'olnerit (unite management of loans, he had
!Irtainir, in saying that, they Were altogether
:,itt,"4lll a paiallel in the history of airy trans-
-I'l'4 that ever existed since commerce was known
I,i'vh".l(l. Tile Banks of Genoa, AmSterdain,,
r„ e, all stink Mit, insignificance, when
-at the
enormous
profits of our liatik
Ttelltit 14tt 20 yeIES. It WOliltl scarcely he cre-
t!„ that this It
not been less than l wenty"
1:4 stillions (if pounds,—( )--Ile
of those llear, hear ! h`:4'l Li was not one Gentlemen
~,,cv`hll'l lx bold en:twih to contradict him ; and
41-4'ii'e his statement they cr,nltl not. But lie
r;te' 14Y. once for ail, that Government ivas
ti. to be hlsined and censured than the Dire.c-
-e1),,,1'4 it should always be recollected, tlinatt.
,;sage
torst were bound by oath to promote a I
,kiii4',,,:lY all, leg 41 means, the interests of their
rill I,i , ; +tut it was also the duty of Go!ern-
'li 4.'nell over the interests of the public.--,,,
~,,,,4
there was any failure in this, respect
the
,y
ut krt. of the
Government, it was 11,1 e
1t,,, , Iltv !time to watch over its interests.
iirit ri,4ll°llihle, he thought, for any Chao-
t'
the good of
i to,' the txehrquer who, had e11i,,1T,u,,Y, sincerely at heart (as he believe(
Teti'. itqanttrahle Genileinan opposite had?,
ilr,te,reltilY hostile to such an inquiry asi, le.
rwl4lloll, which went hi the *first instanc
xl4, a great sating for the country, anti, in I he;
rt)l„44,l'ke hiai (the Chaticellor of the Exeilite, )
y I)er .1h:11(1,14W nit the Bank Directors t ' 1
been far many
4,,i,:t,,,.:11 !bat, situation had . ,
tii,,,,1 'Nuttettlistandingtbe feelings with iv".
irliati'stll.lll.e Right Ilan. Gentleman must view-
Ili, l'ilry. %licit y •oature of
oti irhici 1 iis. the.
t and
it It ' Ilihsisteil between Government the con-
it. ,
.ou,_, be
14 htli,t,_ll" be could not expect he ‘t "', .
*,,tt illot."l,‘ 'lll at once from it, and expected co
'14'1,1 it4tattee from the Chancellor of the
401,, jeuruk'illEl his c'olleagnes. It was inilins7
",41;11,. g the hibtore of the Bank without
LI
I,,ltbili;:is!itertilv:rl).ll'ect or il 1- frequently tt 616 e
tki ,i ki.lit yconvensielia"pecuniary ac.cOrnino-
-4 414 if • elltnetttled they .hatl :.acquired !he'
(t, , • 414, ,L. .
''titilt I; ',iris fiont the Batik Itestriction
ha craut;-
tihrt,,ilit,_.*Nint owed tile poWer of t - --!6-1.,.. t,',
il tile 7 ultistance to that very P," „1„'
~,,.
ailetiiii neonintotlatioa was given. 113".
1111 h it,4,, 14(1 th'e fo dat'on of giving new,
:4lt'leit. " 4411 k, wittilL.,' Ithey threw additional
Ille 11:;1 t‘t conntry. The Bank Directors
,Yi laiil„es'"(l of influence, not merely peen-.
"414 ti"ntiettl, as it 1 I manifested on
al. oven
ti,.,',.,'tii4iol i
It
it,
,Vittio.... It "'as
illy()Ssible to look at such
t lili4 -,. seeing that it was anomalous,
1 iiittrts,s'll4(l likel to prove injurious to the
iriii, ill
li'lthe country. The Six Directors who
'11,11iyiti,,,,..u.t House had usually met his state.
(iilitittt.iii"'"it them to be hatted and ex"gge.
4114 b. Lott in gout . • stance in Which
oi .ep,•,net,., , 1,„ out anyin , ,
.. _
_,
llr.ti,)ll, ,' io4t they deserved this cuaraetet••
:ftsl' the N,.`l(! $4.41 the charge for the maiiiig.97-
Ftiot. jI1J1)}11 beht...—that was, for teeli"
ortvkietltit.'it, the daily transfers, and tor paying
4:lelirii ,)11 litii:!attitted to 3011,0001. , But when
:'4l.e to y I% Babjet, he' was told that OM.
vrectivt
4ety utoderate that they wet e.satis-
, .. on ,1 19Y 7d. or Ehl. on every 1001. This,
44, , ~le „,t ,
iti(iiiito'll Ily tuber
Nationd Debt, whiCh be
,:i1;-".1.1001, -In°ol/feti to the frightful sone
i". tileit t(iise to a very large sum. The.
p.,41'41) tyre wh he wished 'the House to
LA ii, c,tnisideration was this : Ought
114,44 e,ilitiiiiie t
tt, getat„,ol. . -0 receive so large ii sum for
i a Il'etn ~,,t the Xational Debt,
.as was now
~t7ir h„okal."t ; and which.
.it appeared
it r4t
.4
4111'11 November last, had amounted
ill". he hut
11,1 tlutn
u : 282,0001.? This subject
e 1;1'4 ii,,,,;eire- into by it Select Committee,
tk:tirt..4a the gr4oted, he should be able to
ttli tin:43llk would be liberallY. Paiti.tif
e" viti,ll,7' one half of the it'll.) tipW Pa"' ;
1411 , tidied ‘
~,liaterpaiel
~ void(' prove that
,we had now.,
,
.
0p,,t4411,,0,0(`,.?,eit services by nearly an an=
~.,1 ttrokitt
u'Lili Besides what was paid for
ht K't,ll 0 1 the National Debt, the Batik
t ~:13,0.4b1i 1:411!ge fret)) the SUMS belultging
Ilitir :Idly(' 11..4" tilVir bands. • These, fur
4 100craRe
‘',,'er been less than 9,000,0001.
,N (It,bll%teline 111 41" e 11,000,0001. Here
4 4° 0 (I 13Y the bi•
44,, 001. :
~ , Pn ic to the amount
o,,,k(ilet,t
,„,, .0 audition tollie espence of
lii,likily
siie:Jvt. the National Debt, I.lticli be
tit:tilt' No I "St the country 282,0001;
111114 „4
trr!letson could he bettee goalified
ant ,i 1 ttle tti,l it" Which he might have
1 , tteil ketors in ii ~.
i tit , Iptim It) ~ 'IL house, but they
1,4. 41(1 1441 1
~ntsprove arty of the filets
~ , itittw , Jt tore tit, ii -. .
".he ~
1, r its re„...,,1. otter, and which
viers
11.11:_iteiNiteti
t'l7:l ?_ . On the present oc-
tt4ti 41
rite bir„tti:rn,,lted opposition of the
tt 'l. 4. but it* was not the
) Itj11):1 ,111.1:rlyilileYt.ittillea,ti 'l"Fstiuns like titgle'
Nsi„llot
,1114 t th. 011,, • hose propositions
‘Jtctea, i k",t, lorwarti had .11
i.l tife(,\ll:lll,vrithti,,ll44t,,l,le'reenis,een had beeeieitistuit
_, it
4...,pter „tit,'
~...! Ilttlt period) adOpt,
t, it 9., hi errtoli:11"17(1 ilpoti. iI/ one in.
14e 0.0 L'eetitred
w• ,'!Perett, such a eireuto
pocti44 lizitbistalle,,'ght -days front tit;
"'lt bludght before

the llou se. TO flat' liononr of the Chancellor of
the Exchequer he.inentioned, he bail acted this
part. He` had gOne down to the, House acting
on his own opinions; in opposition to the
Directors, and he (Mr. Grentell) supported by
the Right Honourable Gentleman, and car-
ried that on the 27th of April, which had been
successfully opposed and rejected on the 19th. A
similar instance bad occurred in the Session before
the last, when the Bank Composition for Stamps
had been brought into discussion, on the Chau-
cellor of the Exchequer brim,ing forward his plan
fur an additional duty on promissory notes and
bills of exchange. The Bank had been allowed,
ever since the stamp duties were imposed, to issue
and circulate their paper without having it stamp-
ed, in consideratiou of their paying a sum an-
nually, which was called composition for stamp
duties, , but which was not equivalent to whit
they would have been compelled to pay, had they
been subjected, like others, to the regular duties.
On the occasion to which be had referred, a
friend of his had asked on what principle the Bank
paper would be regulated with respect to the
stamp duties from•that time ? The answer given
by the Chancellor of the Exchequer was, " that
certainly it would be proposed that the Bank
should pay such an addition to their composition
as would be, not in proportion to the increase of
their paper, but in proportion to the increased
stamp dui ies." The fair principle, tire only t;iir
one ever established between Government and the
jiankovirich was acted upon by Pitt in 1799,
was here depayed from, And that adopted by Lord
S1(11)19110) ISO 4 tidered -to. By the adop-
tion of that principle, the Bank had been enabled
to put 535,000/. in their pockets, by evading the
tax, which ought to have been attached to their
profits. Be bad pointed out this ; had shewn the
effects of the course pursued, and the results were
known to tkic House. 'They would remember the
taunting manner in which his statement bad been
received in the. first instance; hitt when the Chan- ,
cellor of the Exchequer and the Bank Directors
had laid their heads together on the sohject, the
latter agreed to let the public haVe 6,000,0001. at
41. Per cent. interest. He did not undervalue the
importance of a loan at this rate of interest, hut
be contended the Bank, as the Bankers of the
having in their hands large sums belong- .
ing to the country, had no right to receive any,.
interest.
.The public ought to have had the use
their own money for nothing. After the de-
bate on the Loan Bill, the Bank has been induced

to advance to the Public a further sum of
3,000,0001. at an interest of only three cent.; and
a third concession followed in the halt million
given tats, on account of • the unclaimed dividends.
There had thus been gained for the Public, as the 0,000,000
ad vanced at,* per Cent
On the 9,000,000 advanced at 3 per Cent. 60,000
On the half million advanced on account of‘the

chinned Dividends
linking together 145:0001. saved toAte country,
To this might be added 35,0001: called for by eer--
tain Acts of Parliament as composition for the.
Stamp Duties, and this, added to the sums be-,
fore enumerated, would give a total of 180,0001.
which had been gained, if be might not say through
the debates which had taken place in that
House on `iiibjects connected with the Bank,
had certainly, been obtained since they OecUr-
red. He, however, would put it to the House,
whether: it Was. probable this. .was owing to
the debates which- had been, entertained, or by
the active exertions of the Vhancellor of the
chequer, and an ateakehing sense of just ice on the
part of the Bank Directors, who, he must be al-
lowel. to say, bad for twenty years been very
much awake to their own advantage ; though I
not so to that of the country, He proceeded fo

8 bew the objects to which the audition of the
Committee for which he called, ought to be di-
rected, and to point out the retreuehments
which he though( ought to take place. The
first source to which he should look tor economi-

cal arrangements was the deposits in the -Bank,
`Which were at present as they had been for the
Vrst 10 or 12 years, and after deducting the million
.advanced last year, he should COI 11,000;0001.
On -this he contended, in the interest, the public
sustained a-loss of 550,0001. per annum. In 1808
at loan of 1,000,0001. hint been advanced tiithe.
country, not bearing- any interest at all, on the
specific ground of giving the pnblic a participa-
tion in the profits of the Bank. This was•a rceog-
nition, of that which could never be questioned,
tliarthere were protits•acerning on the sums in the
hands of the Bank, and it was also a recognition
of the right of the public to share in them. The
next source of retrenchment at which he should

point wa►i the exorbitant sum (for he would contend
it was exorbitant) paid for the management of the
National Debt. •On this subject be should refer the
House to the Reports of the Cluntnittees of 1797
and 1507, and to the correspondence betweeti
Perceyal and• the Bank Directors in consequence
Of the latter Report, which had led ,to• the a 6.
rangentent still acted upon. These papers would
put the House more completely in possession of
the whole :subject than: any•thing he could say.
On these he could sheer that the Bank would be
liberally paid for the business transacte►l there for
the-public, if the Company received but half the
butt now paid, and thus a saving of 150,0001.
Might with case be effected. The next subject on
which he should touch was more disgusting titan any
other, and bad so been considered by Mr. Peree-
vs!, in 1808. That to which-be referred was the
suit of-4,0001. allowed for house expences. This
was, allowed them in their charter-, and he sup-
PPsed might be intended to cover their expellees
:for coals- and candles. The Bank-, he knew, did
nut like this item to be .mentioned in the usual
way, and were more disposed to prefer including
it the charges for management. He bad' no
;motive for bunging this subject before the House
but a sincere desire- to contribute towards the
correction of abuses and the diminution of the
public burdens: If the Bank Directors Wished to
repel the charges he ha& brought forward in the
Most "satisfactory manner, and -to prove that he
had been in error, he thought they would vote
fcit-the Committee. It- they did not do this,
,he
tinight, it must be teen that they acted from 'a
sense that that which they undertook to defend,
was incapable of defence. : He ' concluded by

tnoving,
" That a Select Committee he appointed to inquire into the
engagements now subsisting between the Country and the

Nal:, and to consider or tile adrantager now arrived to the
Banls, with a view to the adoption of foam arrangenients,
consistent with that good falth'whleh ought always to be pre-
served on the part or the Country."
The Ct•taNcElLoit of tln .ACHEQUER said, the
Hon. Gentleman's arguments, so far as they tend-
ed to benefit the country, would with • him huve
had great weight, and-have appeared entitled to
the most serious. attention of the House, they
not been already brought under the consideration
of Parliament.- But the Hon. Gentleman himself
had referred to a period wherithe affairs be weer
the Country and the Bankbad been made the sub-
iect of inquiry, and had been most accurately con-
siOered. If he hail shewo that since that period
the transactions with the Bank bud assumed a dit-
ferent character, and thou the advantages accru-
ing to' the Company were .greater than._ it was
probable the House, on a full view of the sub-
ject, would be disposed to allow, in such a case
lie might have been disposed to concur in the
motion. But as this bad not been shesvn, he was
hot dispOsed to accede to it ; and that at a
time when it insist be . perfectly obvious to
every one the profits of the Bank were rapidly de-
creasing. The different subjects touched upon in
the speech of the Hon. Gentleman, had all re-
cently undergone the consideration of the House ;
the balances in the Intuits of the Bank in particu-
lar, had been repeatedly brOngbt isito discussion,
but he (the Clyne-Z:110r of the Exchequer) had
never yet heard as plan distinctly proposed, by
which•they cOold employed in a way more he.
to..the public. • To him it' had always ap—
'seared impracticable aithout the concurrence of she
Batik itself. Mr. Pereeval had thought the public
entitled to some advantage from the sums in the
hands of the Bank, and accordingly an arrangement
had heel) made, under which -a stun bud been advanc-
ed. to the public without interest, and ii further loan
had been advanced, it rat,: of interest that
w4s;considcred, in 'the then state of things, ca-
lf ,curable. • to. the country. If the arrangement
made by Mr. Pereeval was good, this was not the
'time at which it ought to be shaken, when it'Was
known that less was wade of, the sums left in the
hands of the Bank than formerly, art the time the
arratii.!enient referred to was made: • There was
less reason for making a new bargain now than
ever,, aa .the last Session of Parliament, after
much debate, it loud been decided that the Bank
should.restnne cards payments on the AtliJuly,lolB.
It Was known that they.were snaking preparations
to comply %vith the Act of Parliament. Already they
had given notice that they would pity a part of
their notes in ealt, out there was little anxiety on
the, part 'of the "public to avail th,:inselves of this
arrangement. The result of this experiment would
encourage the Bank, to proceed ; ant{ it was 'pro-
bable that the difficulties its die way would be so
far renioved by this gradua return to cash pay-
ments, that when the time arrived appointed by
Act of Parliament for the formal resumption of
them, be hoped none woul,, remain to oppose their
design: •He (the 'Chancellor of the Exchequer)
after an, Act had passed,' compelling the Bunk
to resume cash payments in July, 1818, bad flat-
tered himself that they would not be liarrassed by
motions like that-of the Hot.. Gentleman, which
might interfere with their preparations, Which
could do no good, and which might perhap,s.makc
thenylesi able fo return to cash payments than
thq-wtsutd otherwise' have been.- If any thing
novel bad been comprehended in the speech of the
Hon. Gentleman-, .he (the Chancellor of the, Ex-
chequer) might havefollowed him into the details,
but as this IVaillOt the ease, as every thing he
bad touched upon had been repeatedly before the
House, he was content t 9 leave much of k 'man
steered.

Mr. P. Mom: said the Right Honourable Gen-
tlentan had represented ihe onus probandi to have
been thrown on his friend to prove•that any thing
new.bad occurred to call for an alteration of the
existing arrangement, yet refused him a Com-
mittee in which he might he enabled to establish
:what he wished to bring forward. He had no
doubt his Hon. krienti'coold prove all he hail:ad•
eanecd, in a Committee, as be (Mr. Moore) knew

the Blink dividends had :Immune(' to no less than
7,00,0001. on,the 23,1 of last May. He recom-
,moded the
,ReAal of the Bank Restriction Act.
which be considered to have been the cause of
much 'civil, as It gave the ltank on every million
issued in paper 999,9991. clear profit.
Mr. MARRYkrrthought- the public entitled to
greater advantages train, the sums deposited in the
hands` of the Bank than they had yet received.
The 'Bank eittlie United Statei of America trans-
acted all the buiine•,s of that country without re-
ceiving. Is. for their services. They considered
themselves remunerated by the balances in their
hands ; );et what were these compared with those
rin ,the keeping of the Bank of England ? Eight
years ago the Globe Company, Aiiplying for a.
Charter, offered to transact the public business for
much 'less thin' was paid to the Bank. if the
.Elaiik.Company continued to go on aOt does sr'
present, it was impossible for,thern totekunte cash
payments. Their whole capital being now nearly
15,000;0001 and'24,000,0001. hat'ing' been lent
by them to the Government,. now atter two years
of pease they could not return to cash payments,
anti "the difficulties in the way of doing so seemed
to increase every
,day.. The Chancellor of the
Exchequer would want further accommodatka,
and the Bank could only hOpe to go on with /be
assistance of the Restriction Act. This was a

system of paper accommodation which he thougia
could not hut prove fatal to countries as to indi-
viduals. While the WWI' continued, our paper mo,
trey was confined to oursclres. He thought it had
caused the high prices of ail the necessaries of life,

„ .
but ocov its-evil vflects were more extemled, itutl

the danger were not pioperly tint, we sbotdd
under-manufactwed—we could be under.odvi-

g4;teti, and under.sold in every point of view, till
all the sources of prosperity were no more. With
these ,feelings he should most cordially vote for
the Committee.
Mr. flosittssoN observed, the last Speaker had
argued. as if Parliament had not peremptorily
fixed the time at which the Bank. Restrict►on

s houla cease. He Should he much surprised if
the situation of the country continited at all like
what it was now, and if the exchanges remained
as they were at present, if cash payments were
not resumed by the Bank at the, time which had
been naand, in July, 1818. The Honourable

Gentleman bad sald,..ai the 'Bank witk a capital of
15,000,0001. had advanced to the Government
24,000,0001. he &old not see bow they could
resume cash payments. He made it appear that
they bad lent 9,000,0001. more than their capital,
and therefore concluded the Bank could not again
pay in cash. He (Mr. H.) might refer the Hon.
Gentlefilin for an answer to the statement of his
Hoo.:Priend'(Mr:Cirenfell), who had statc't the
Bank tb.hare now in their bands 11,000,0001. of
the public mMsey. This would cover the nine mil.
lions he had just mentioned, and shew that the
means for resuming cash payments might not be
wairting:; No Minvivished for the resumption of
cash-payments ;nore than he did. He trusted the
effect of it would be most beneficial to the cairn.
try, but he-had always -foreseen that the period
which must elapse after the conclusion of a peace
before this could he effecteo must be one of great
difficultly- It had beets said the Bank of Ameri-
ca transticted the business of that country without
remuneration ; but that, he would ask, was • the
business of.the United States compared with that
which was thrown on the Bank of Engl'ind ? He
did not know that the constitution of the t wo Batiks
were at all• the same. The profits of the Bank of
England he admitted to have been great, and so
were those of many other trading compauie,, ; but
it did not fellow that whit they gained was so
much lost to the country. On the present occa-
sion it had not been strewn that any new eircam-
s!ances bad occurred to make it necessary re-
vise the bargain made. in 1808. The bal,,trr
the bands of the 'Bank -had not been it. :used
since that period, and it Was Not in a time or ace
when the value of these must he reduced that they
ought to consider of making a new bargain, lie
thought the House ought not to be looking from
year to year for an opportunity of cancelling the
bargain concluded in 1808. No alteration in the stat e
of things had occurred since that time, that could
justify them in dieing this, and sure he was,when
that arrangenient was made, every attention was
paid to the subject, with an anxious wish to do
the best that could be done for the public.„ Had
Mr. Percival thought better terms could have beet;
obtained, be was confident he would have pressed
the subject even more titan be did, lie thought
ct~e Committee, uutler all the circumstances of the
case, wholly unnecessary, even for the object of
the Hon. Gentleman himself, as whets he should
bring the business' forward in a more substantill
shape, that would he the proper time for consider-
ing of any specific proposition lie (A:r. Grenfell)
might have to make.
Mr. Manning did not remember these subjects
being brought forward on any occasion, when he
was not aoxiuus to give the most explicit answer
in his power. He thought the Honourable Gen.
tletnan called-for a Committee without grounding
his motion on any substantial reasons. One
cir-
cumstance appeared to him rather'extraordinary.
He did not bel;eve that the Honourable Gentleman
was iu the habit of attending seditious meetings :
he must therefore suppose that his pocket had been
piekesl.iobia passage to the House, and that a
document, which ho had tutee read to the
House, and which appeared word for word
in the British Press on the Ilth of January, the
very day on which he had given notice of his
motion, had _thus found its way into the Papers.
He contended that the savings which bad been ef-
fected, were not tg,be ascribed to the exertions Of
that Hon. Membe.-, All the arrangetutnts which
had been made, would ;!ave taken place it he had
not made atiingle speech its the House. He un-
derstood that he bad moved . that two petitions
should be entered as read, one from the County
of Cornwall, and she other from the Common Coun-
cil of London. There were passages in these peti-
tions, thanking the lion. Gentleman for his exer-
tious, and he had seep many paragraphs in various
pipers, advising' the insertion of similar acknow-
ledgments in, other petitioni. He repeated, how-
'ever, that none of the arrangements between the
Government and the Bank had been in the least
influenced by the efforts of that Hon. Member.—
That with respect to Stamps s', as nearly concluded
before he had opened his lips. That with respect
to tilt management of the National Debt was in an
egnally,forwatd state at the time. By it a most
considerable saving was effected. The charge for
the whole management was now reduced to 7tl. in
every hundred, ;or,to 3401. instead of 4501. per
million. 'ln 1807, when the National Debt was
only 005 millions, a laeger stun was paid for its
managementAhan now, that it exceeded 800 mil-
lions. As to the annuity of 100,0001. to which the
Hon, Gent. had alluded, he had at least ten times
explained, in that House, that it was a purchase
from the South Sea Company ; 4,200,0001. had
in,fact been pail for this annuity of 100,0001. di-.
sided into two sums, one of 96,0001. and the other

of 4,0001. for house expellees, but both of which
were as much the property of the Bank as any
part of the Bon. Gentleman's own property, an►i
as little at the disposal of Parliament. He then

read an extract from a pamphlet written by Sir
Vrancia Baring, to skew the advantages which re-
sulted from the Bank to the Country, and con-
cluded by opposing the motion, as sufficient ground
bad not been 'shim!) to prove its necessity.
Lord A. HAMILTON defended the proposal of
his Hon. Friend for the appointment of a Com-
mittee, the object of which would be to save large
sums to the country. He did not think that any
of 'the arguments adduced in its support had been
controverted by the Gentlemen 'opposite, If the
result of the inquiry should be, that one bait of
the present charges would be a sufficient recom-
pence to thc Neil 01'1 altrratiou would be
most important, far ;his was no longer tbe time
when 100 or 200,0001. could be ligtitly spoken of..
Mr. Alderman. C. SNirti apposed the motion.
Mr. GRONPitLX, replied, and the house divided—
.
Far thy-Mot:on ...... •• AI
Against 3t _ _ .

Majority against 04: Islotion —5O
After, the triclw,ion, when we got into the Gal.
fiery, we found Lord ecit J ALD HAMILTON speak.
Ile said, tat h before. Parliament met, the
Bank of England had girco notice that they would
pay a certain portion.af their notes in specie, Ha
then moved, " thAt there he laid before the House
a Copy of that Notice, together with a Statement
of the amount of Specie which the Batik vs.its liable
to pay on elemand,ti_

_HAN. of the Ex CHUQUER Sam, ttlgt nothing
could be wore improper than to make too minute

.w..
,~ .