The Sun.
London, England, 1821-02-28 00:00:00

ARMY ESTI M ATE.

Mr. C. LON 4, in the absence of his Noble
Friend.(Lord Palmersto,n),took-i?ccasion to post-
pone until Wednesday next, thelatended motion
of his Soble Friend, with respect to the Army
Estimates, )vhich at present stoat) for Friday.
Mr. Lusfivic, cox gave notice .that the Navy
Estimates would he moved on Friday se'onight.
A short-conversation took place upon the sub-
ject of the -Army Estimatel, b.etween "Mescr..
Bennet, Calcraft, and Long, which was inaudible
in the Gallery.
•
BULLION AND NOTES',
t.knaxG .moved for, several-, returns, with a
• view to shew the relative proportions of the value
of gold, and silver, uith the profit of the present
silver coina,e, and, also to. shew Ole Proportion
between the convictions for forging notes, and
coining or debasing the coin of the Realm.

Mr.,..GRENFELL took this opportitnitY:of asking
some inforMation from his lien. Friend, namely,
whether it: was, his. :intention 16.britt.7 forward
within.the present Session, either* the pllin he had
• recommended• on a former day. for establishing
two Starnlaids of gold and •silver;-, or whether it
was meant to subtnica proposition for eslablish-
ing the..p.rojevt of his Ilan. Friend) the Member
for • Portai.lington, for: rendering permanent the
present system: of : vxchaliging.notes for bullion,
instead:Of fallowing .up the Measure for return-
inOo ralfnents in. :cash.-: For lI'S- own part, he
Could nOthel p deprecating_ any e tte.mpt to interfere
with.-.the.': -a-rrangetnent foc••resurn.ink Cash pay -
rnentsOmt especially' • the propoitioti of such an
qnterference.at ,presentrbecaus.e. -sue h a proposi-
tion must serve very -much; t'o unt•ettle the public
to theropdration, orr:propiect, as to a mea-
sure WhateYer difference 4-Opinion might
prevail respecting-its merits; it Could not be at
all necessary. to disturb .within like present Ses-
sion.- - Indeed; as. the actl;fot.restAning Cash Pny-
men tkwa.not .01,pe
_into 'it catiti7un ti 1 MaylB23,
it could not be• flk*,Sii.C.7 opponents to in-
terfere --vr:ith.jts'Objept•before the'..next Session,-
Which °w be 'quite tiyie.elioiiktc to agitate the
question.
Mr...l3iittStoi'etilie-d; that. he had no intention
of.bringiu for‘vard,)w-ithiii.7t,:he- present Session,
any. plan upon the.stlbjeet allude4-;to by his Hun.
—,But he underktood••4l.lakthe Chancellor
of thellichequer *0.5.14.1i.e1y; within a few days,
to. intro*ee a- proposition :that',,ntuSt necessarily
inirolveAvonte.7 agitation of:, the qoet,tion with re-
spect to -the .resumption of cash payments by the
Bank. •• ; • . • •

Mr.,.I3ENNET observed that• agcording to the
report abroad for some days,. iifeLplans or plan
for the production :,:of an. inimitable note had en-
•tirely failed, and that therefore
.Ministers them-
.selves. f.•lt the necessity qf•abolishing the issue of
small notes-as soon as:possible, Ansel of promotio4
the measures necessary to the restimption of cash
payments. •, The lion. Gentleman took occasion
to ask•for infortnationfrorn the. Treasury I.i.euch
.upon this subject. •
•
Mr. RoaiNsosi saki that he.had seen the state-
ment •rtrfurred to-by the lion. Gentleman, respect-
ittglhe impracticabilitrolmanufacturing
ble bank notes, hut, he coulcl. lAN. speak-as to the
accuracy of that statement.-:-Wth regard to the
question., of :the :honourable! -Gentleman, as to
the. intentioß of t . Chancellor
.ot the -Exche-.

;

per, he was unable,' In the absence of his ICglrf
Uon. Friend, to answer that question.
Mr. Cunw EN expressed a hope, that if the- plan
:reposed for fabricating an iuirnitable Bank-note
h;4l2.ltogetber failed; some better plan would be
discovered, or at least, that no possible means
would be-remitted to. make Bach a desirable dis-

cevery.
Mr. R. WARD said, that he had made-some in-
quiries upon this-subject, and was sorry to learn,
that the result of- what htd yet been done did
Dot prove satisfactory.. But there were still se-
era' ,plans for the manufacture of notes ; and
although the plan which it was hoped would be

spite successful had been found to fail, there was
'till no feeling of despair that an effectual plan
wouid.yet he discovered. Now pending the in-
quiry and exertion which were making to make
cut this discovery; -he must say, that he' thought
it extremely inexpedient to bring forward casual
conversations uron the subject in that House, as

such conversations were but too likely to produce
:public inconvenience., if not public alarm.
Dlr. BEN:vvr declared, that the result of the
iuquiries Which he had made upon this subject
was quite
.contrary to that of the Hon. rdember
who had just sat down, as he found that a corn-
- plete de-Tair did prevail as to the practicability
(.1 manufacturing an inimitable Bank-note.--
lien:e if Cat.h Fayments were not resumed, the

. .
.continue to possess the. power
• t dispensing lifie,snd death in case of forgery.
—• Mr. D. GIIAERT
:said, that he, with-. other
-Members of the Commission for investigating this
•,übject, attended at the Bank about three weeks
ago, 'in order.to witness an examination of the
I;ian deemed most likely. to succeed in produciag
as inimitable note. Some deficiencies in that
Ilan were pointed out by the Agents of the
and the author undertook to supply them.
by making the additions required. 'Therefore
s confident expectation..was.-entertained that the
motes -So•much deFired Would be ready for circu-
it:ion by the payment of the Midsummer Divi-
C.Lnds. He had himself, indeed, seen the author
-cll the plan referred to the other day, and that
.Gentleown told him that he was going on- with
the improvements suggested at the Bank with
every prospect of success. Where then was the
.reason for such despondency as had been ex-
pressed -upon the other side of the House ?
CUaw EN said, that he could not • admit
''.hat it was reasonable to object to a request for
information upon -s subject of this nature, such
!Iformation being so very interesting to the
co•antry.

• WARD,- after what bad been stated by-
)Us,.. Hon. Friend behind him (Mr. Gilbert), re-
ferred to the House as to the justice of his obser-
▪ aticon.

. .
.The Hon. 11. BENNET, in justification of his rc-
marks, referred to facts.
Mr. CALCRAFT felt himself called upon to
state, notwithstanding the denunciation of the
Ron. Secretary for the Ordnance against any
agitation of this subject, that he but yesterday
learned from the best authority, that the project
for manufacturing inimitable notes had totally
failed, and this information he .was •of course
mOre disposed to rely upon than the statement of
the Honourable Member for Bodmin, who, ac-
cording; to his own observation, had not had any
‘orthnunication with the Bank for the last three
weeks. The Bank then having failed to procure
t'-lef invention and manufacture of such notes as
!night render forgery difficult, •if not impractica-
bie, it was intended, he was authorised to say,
on his side of, the House (should Ministers not
bring forward such a measure;) to submit a pro-
position to the House, calling upon the Bank to
withdraw its one and two pound notes from cir-
culation,.and to issue cash in lieu thereof.
Upon the motion of Mr. BARING being put,

2.fr. Gut FELL rose to ask his Hon.-Friend,
for the satisfaction of the House and the Public;
to offer some explanation as to what he had said
he understood to be the intended proposition of
the Chancellor of the Exchequer with respect to
the Bank ?

BVIING said, his undorstanlling was, that
the -Chancellor of the Exchequer intended to
bring forward, in a day or two, a proposition for
cmpowering tine Bank to issue cash on the Ist of
Niy next, as a part.: of the circulation of the
conntry in concurrence with its notes. The se-
vurftl returns moved were ordered.