The Sun.
London, England, 1844-05-21 00:00:00

SAVINGS' BANKS.

Mr. HUME gave notice that he would to-morrow
ask for returns relating to savings' banks and Go-
vernment annuities.
Sir R. FERGUSON moved for a return of the
expense of each district lunatic asylum in Ireland for
the year ending the 31st of March, 1844, showing
the total annual expense the annual average expense
of each patient, the number of patients from each,
and the sum charged to each county in the year ;
also of the number 'of patients in each on the first
day of April, 1843, the number admitted, the number
discharged, distinguishing those discharged as cured,'
as relieved, as harmless and incurable, and the number
transferred to workhouses ; the number who have
died, and the total discharged, the number in each
on the 31st of March, 1844, the number to whom
admission was refused, and the average number in
each asylum in each year ; also of the total
expenditure in each asylum in the year,
the total cost per head per a,nnima, the
expenses in furniture, bedding, and linen, the expen-
diture in fixtures, additions, and alterations, work-
men's bills, &c., the total expenditure in clothing,
the total expenditure in salaries and servants wages,
the total expenditure in food only, the cost per head'
per annum for food, the cost per head per week for
food, and the cost per head per day, all calculated
from the average number of patients during the year ;
also of the particulars of each salary, and servants'
wages, and the totatamount of the same for the year;
also of the number admitted into each asylum be-
tween the opening and the 31st of March,' 1844, the
numbers discharged or recovered, the numbers dis-
charged or taken away by their friends as relieved, or
harmless and incurable, or transferred to workhouses
within that period ; the number of relapsed cases,
and-the number who have 'died within 'that period,
and the total number 'remaining •in each asylum on
the 31st of March, 1844. The Hon: Baronet' also
moved for similar returns from the Cork lunatic asylum;
and also a return of the number of insane persons in
each workhouse in Ireland, on the 31st' day. of March,
1844, with the estimated annual expense of each, and
the total in public lunatic asylums and workhouses
in Ireland, on the 31st day of March, 1844.—Ordered.
Mr. HUME asked- the Right Hon. Gentleman
opposite if he had any objection to lay on the table
of the House •the correspondence between the Ame-
rican Minister and the' British Government, relative
to the annexation of Texas to the American
Union ? The Right Hon. Gentleman would perceive
that the whole of that transaction- took place in con-
sequence of the interposition -of Great. Britain with
Texas with respect to slavery. -
Sir R. PEEL was not prepared to lay on the table
of the douse any correspondence with respect to any
treaty which had been signed relating to the annexa-
tion of that country.
Mr. 'HUME did not want the correspondence re-
lating to a treaty having reference to the annexation
of Texas. What he wanted was the correspondence
which related-to putting down slavery in Texas.
Sir R. PEEL wished to'knovv if it were- good po-
licy to publish just at the present moment that
which had been published by another Government,
and which could answer no good purpose? He thought
it objectionable an principle, unless they were' pre-
pared to follow up the exampe which had been set
them by another Government.
DISSENTERS' CHAPELS I3ILL.

Sir R. INGLIS wished to get some information on
the order in which the business of the House would
be taken. He was.anxious to know wl.-:en the Disr
senters' Chapels Bill would be brought on?
Sir R. PEEL said it was impossible for him to
say on what day the Bill would come on. He was
anxious to make as much progress as possible with
the important measure which was to be founded on
the resolutions which he would move that night, viz.,
the Bank Charter Acts Bill. He therefore, thought
that any discussion which might be taken
on the Dissenters' Chapels Bill, should be taken
on the second reading rather than in any other
stage, and he would not take the third reading before
Whitsuntide. With respect to any further arrange-
ments which would be necessary with respect to
Government Bills, he would state them after Whit-

eseeesswasoseeessesseees/Paesisesiteetisieitkiew‘w""'"7 tt
nication with private individuals or such 'a` SP ~,,ecci
If in the subsequent communicatioes =whigli 00 ,u,ai.
had with such partiei they had seen reason -to, ilwien
their views, they would have had no hesiintio,o
proposing the necessary alterations, but having, "
i to
the opportunity of communication, he lies-bourn 4,..
say, that the (lovernment saw E 0 -reason whatever 1.6.
modify the plan which he had proposed on 311 Y
ea
All the principles he then laid down he was prerr_i,
to stand by ; he had seen the proprietors of lispi-of
Stock, the Directors of the Bank, representatned
joint-stock and private banks, and he was not enab to
to say that the Government felt any vsillingnessok
depart froth the plan proposed; and he' thilst ri,
the sense of the ' House upon that plan as 001
ginally proposed. But there were a few observoti°
on the details of the plan which he must now 0°
He had proposed that the issues of the Bank of Bora
land should be made partly on Securities 'le
partly on bullion ; the issue on securities jet
be limited to 14,000,0001., and the rernaio°,
on bullion. But there might be eireumstanc,or:
in which the Bank might be required to' 'd
crease its issues ; supposing that the circulation
of
private joint-stock banks should, from faiinr,s.oo
voluntary agreements, be reduced from eight /ado,
to four millions a month, the Bank might 10.0.
ply
to increase its issues in order to „r;y
ply the void thus created. That issue he rill/
posed should be made upon securities, and that' °lit,
after a communication made to the Governfoctio
and with the consent of the First Lord °I alai
Treasury, the Chancellor of the Exchequer din
the President of the Board of Trade. 11 the
not reserve that power from any distrust 0' the
principles he had laid down, but to inert of
particular case of the concession on the Pak d
banks Of issue, and the necessity of the 1351),,,,,,
England; supplying the deficiency with its 0wn,,.%;e.
LAt•the same time he considered it advisable, n frea
Bible, to prevent all interference in this motto
' the Part either of the Executive' or the Represefli,- ral
Government. Yet, at the same time he cons"'
foyer
.
it would not he adVisable to give the Bank thermis
by law of increasing its circulation except in le-e in !
cases. 'lle.was not quite clear that in evert7ith• I
which there, should be a void created by theirs the
drawal 'Of other circulation, it ought to be ~Thils•
power of the Bank to increase its c''' the
tion on' securities.—(Hear, hear.) Supehde
case to be as it was at present, that there was 5,40,
amount of bullion (about sixteen millions) in the ''.'" 0 of
of the Bank, the Bank would hare a circulat'°s irt
about thirty millionsnamely, sixteen Intll,/, ei
bullion and fourteen millions in securities. 0
the circulation of the sixteen millions of bulb"' of •
greater part would be dormant in the coffer; ell
the Bank, for about twenty-two millions would , the
that would be required for the circulation !ested
country. Now, in such a case, if a void were 1001
—say in Cornwall, for instance—by the with ,rtiee
of 200,0001. of country bank notes from cireo!tsi
he was not prepared to say that the Bank .°g• WI
once to increase its circulation upon seello
for
but if hereafter it should be necesssr.7o'
the Bank to increase its circulation on 'chest
tities, he thought that there should be some,' the
upon that power. He therefore proposed ,10 tile
preamble of the clause to recite what grouno'l, le
opinion of Parliament would justify the Pzr.pti
increasing its issue on securities. These wertrytie,
the failure of a country bank ; secondly, o°' . et
drawal by a country bank of its sues 'f '
thirdly, an undertaking on the parUetie°
country bank to -withdraw its em'-ees 0,
if the Bank of England would substitute ite °°,,,0- its'
the room of those of the country bank. This trios
in the preamble would show what was the iPt coo
of Parliament. He proposed that the Bank' dn'esiti
it should consider it desirable to make an lot:, es'
its circulation, should not be permitted to do rzceoti
cent upon application to the Executive Gover°,, afe'
and that such consent should, be given ,by u"' yob'
jesty in Council, such consent to be,'
lished immediately afterwards in the London
orb
He preferred that to giving power to the BO" a be
any circumstances to aecrease its issuest°,gfthB
was certain that while the present manage „,r1 40:
Bank continued, that power would not be. Ist. sn'
vantage of; but it was desirable to have a 018700
he therefore proposed that they should not ind tY
their securities, except •with the sanction- f or,
• Council, and not to permit an increase fr ty
curities, except on the distinct condition to
the amount of all securities should nilaseso
seed' two-thirds of the amount of issues--thsoo'
—that the issues on the increase of securities
be in conformity with the original principle, irglini til
be reserved if the bullion amounted to one-07.4 its;
total issues. There was another point of gm'"
portance connected with the issues of the ,Y
of
England, to which he did not adiert on the lar, I, g'
sion. , The question was,. willit was the defionfirefo
"bullion ?"—(Hear)—whether did it include 0 "A
well as gold, and whether the Bank could Otte,
or silver as well as gold. It appeared from the'
made by'the Bank, that with them builieti *O°
silver•as well as gold. Should they inaude ' le,
the amount of bullion upon .Which it should lost'
for the Bank to issue notes. This was. very i°3oo',
They had not entered into' any engagement w • or
Bank on the subject, so that theY.,i4 sci'
perfectly free. He knew their strict and Ice till
herence to the principle laid down would Fil/etioi
issue of notes to the possessiennf gold alone; stoo lope',
limited the issues to the possession of gol,cl i poose,,
would not necessarily deprive the Bank 0f ft' eie
sion of silver, because the Bank _nligl to `.ty
priate . a portion of the banking funu7. ie Jo,
possession of silver • and abate silver os the
banking department ; 'but as this Would give ,i,
turn, he thought it ..was hardly fair to ex,paes:;
Bank would accede .to it, however r
ented
ef%
their views might' be. If , they Pre° a sillty
Bank issuing any portion of their notes 1144 fie
they must expect, the Bank would P. a,
Asti°
little silver for the public accomm°- • ft, _at
had given some. consideration ,to 'this .6tiagt cg
he believed that considerable inconvenie nee-.. iosslot
if they altogether prevented the Bank fret% asn.,o
any portion of their notes upon silver. I.lprioef,
now speaking of any compromise of the gr,ei'legaill •
' that gold was the only, standard. The on'Yid. '
_;,,hl
' ment by the Bank should be .in g°' a Pcici
4 person presented 50/. in notes. he should 11,31009 lc,:tee
to demand fifty sovereigns in.gold, and 1f 'lBO rip of
of the real standard weight, he should havesotionV
demand notes in exchange. The Ur as , 04,
the- public with the Bank, se. in!,..„;Artece
• was concerned, should be perfectly . u"WleP' lot
making a reduction 'of about lid• banraiel‘
in the gold to be delivered in 0..,,,c tae/ Jrthe
notes, and the gold to be received fro eating tee,
upon the demand i of a :person Pres., f,' eel
notes. That was to say . eVe,iiiii" ?et
should have a right to sell gold to theii9 Oboe
demand payment in notes, receiving 31409 oto
ounce for gold he presented, and that he,. for his Po%
a right to demand gold in exchange fii, 01,0•0'
receiving at the rate of 3/. 17s. 10}'1't"isi le;et
: lid. for the expense of coinage.' Of o°4ot r,(101
posed to make no alteration whatever in, 'ilit do de,
Every man was to be unfettered in ins, the Iles
tit silo
mand gold in exchange for hia notes. Jdealiaf P
tion was, should he permit partial 1.. aavenitio",,
the Bank with respect to the receiVing ° 600' tbeY
hoped the country would not admit the titea
sole
of silver for geld, but at . the sliMewilich
,Ao,*
were exposed to the inconvenience
;he stlrdeta
from other countries adopting silyer as. "----
OD 08''
At present the silver was sent out 0f
...,6s, , iise,,
in exchange for gold, and the .g 0.14 ,-7t_ till i;
in the Bank. If they would ' Pnr'lo,eil,,,at ;
to' pay those who were willing w: 010 0%0 ,3
silver, when the Bank thought' 5,t -„'arlyit"oP,
do so, the charge of that export. andlinruiverL 00;
saved. There was another reason eases svc,efici(
not be altogether excluded.. Ren't°4l4, front, 114 130.,
made to a very considerable eaten' tea 04 be P:t
and China in silver. If they Preven wool 00'
from issuing silver altogether, thre a 1 The
seek a market in foreign for can or •
demand for it in this country.
c,outftrie. ;woo,
' again, there was a 'great
universal transactions with some PSTI' ie. Orate,
chines - Aa' j
particularly with India and bad /,-,„;,1 f
onr„
stock of silver. If, a partY,..; he er 4
of getting silver from the ,lank* ..ere 11 to ti:d
when theY ^
enabled to get remittances, vv • :_•,.. to it iv`'
from India or China, instead of hay.i.v:lrt tot
~., 00_,
Continent for it. It appeared In
eaejlity
0r0,.,g
to ....,,t0 Toon
give facilities to commerce, if they Per !,5-irer, e/.
I°'A
to issue some portion of its notes lc ,he itr.:;r 1.,,r,
silver as a valuable commo4titY,Ai.
...1"Y" 01%
according to the 'option Of ttLir d. 070
lice
now, ceased to be a, stana% ounce rafecerre
,getlie'i.',, . Votmerly ss. El• • P.. „la 0 •hi te
but there le , 0,
_ta,e3
' ivlint...4ride, for silver,
__. coin w ,leigr
,• floiy to that standard. Their: slivv_iat it $OlOlOO
tofeeal, and.‘sS.,Zd. an ounce (34 ,ni,;iiair vt'-__ 00 er
its value. The amount of legal
.17. ~.ht, trier!: 5i1f.,,,,
to 405.,;' at the same time he tour iteo n!recp
advantage in having r -r the
be , a great ..4 W w FOP of
in this country
that tha Bank should- be alloveeeee w___:-cat•A %IP; potile
t_l d of eny'''' . 40". 0
its:notes:4On silver, but that th s°' t
cation
of
theexwahainchge.a.votdebew
issa:l.--li2;.osuableds.
po..i,
~.trot..tip,
it should so issue notes should ll creld;, jaillif,,a
Bank should issue notes °P"cf
... silt' vincteri;
Of •'the. amount which it issued u_,K°2 2.51a1r ... PP.,
.a , gold and one, .mil,lion
~,,aaseii •to -1 f0r,,`,,,r
• •then• if the Bank -found it ~..n.Trreadlisltif sn'ia
its supply of gold, it must itseir iv.,_0114?0!),,i, be
e
loss sustained in the conversion ot
it"...10a, panrita no
biencasuilsveern;ottegaßlsdnekm;satFohativeroreffrieceSi,tl,esjt
satisfiedof the loss 'sustained hY ..I`_s_- Ong re gleas
id • Aron ; tift if
' briniestok gold,
requiring that gold, and g 0..,
~aidtiiixy__..).o „col:
in payment' of a debt---sti"': l',;ia_i..niiihe Pa to
- principle- ;upon which- this,
.ye td" san
i founded, he proposed to
.sl_
exchange /
this advantage in rectifying the