The Sun.
London, England, 1821-04-10 00:00:00

choote the 'lets evil in this case, and submit to
the arrangement of 1819.
Mr. PEARSE considered the agitation of the sub-
ject, after the ample and carefu discussion which
had preceded the measnre, as highly injurious, in-
asmuch as--mended to promote a diffidence in
the public mind in the resolution and persever-
ance of Parliament.
Mr. HIVING said, he concurred generally in
the sentiments contained in the very able speech
of his Hon. Friend, the Member for Tauntoni
(Mr. Baring) but he could not agree with him
that it was to the augmentation of the metallic
currency we owed the great distress which per-
vaded the country. Hon. Gentlemen might be
led to suppose that he (Mr. Irving) had changed
his opinion on that subject, but he could assure
the House that be had not. He always thought
that they should return to a metallic currency,
and nobody had ever heard from him a contrary
opinion. In the view which he was enabled to
take of the question of the currency, he came to
the conclusion that it was not the plan itself, but
the apprehensions attending it, that caused the
depreciation which was so much felt. With re-
spect to the question immediately before the
House, he would give it his. support ; but he ap-
prahended such a Committee would create strong
expectations and alarm through the country.
The Hon. Member, amidst loud cries of " Ques-
tion," was understood to say, that in ISI7 the
importation of foreign commodities, with the
foreign loans which were made, had narrowed
the circulation of the country, and that, in a
great degree, was the cause of the distress which
prevailed.
Mr. CRIPPS made some observations on the sys-
tem pursued by the Bank. Mr. PEARSE ex-
plained.
Lord A. HAMILTON said he would support the
motion of his Hon. Friend (Mr. Baring). He
was of opinion that, sooner or later, the state of
the currency should be investigated, and there-
fore no time was, fitter than the present to insti-
tute an inquiry. His Noble Friend near him
had been taunted as recommending rapine and
spoliation. If blame was to attach to what his
Noble Friend said, he (Lord A. Hamilton) was
willing to take his share of it, though neither he
nor his Noble Friend were advocates for rapine
and spoliation; hut they wished that all should
bear a part of the burden. When the agricul-
tural classes were reduced to imprisonment and
poverty, he would put it to the Right Hon. Gen-
tleman (the Chancellor of the Exchequer) whe-
ther it was right to upbraid with recommending
rapine and spoliation those who would advocate
their interests.
After a few observations from Mr. J. SMITH
in support of the original motion, and from Mr.
T. WILSON, Mr. WODEIIOUSE, Mr. 11. DAVIS,
and Mr. Ald. HEYGATE against it, the House
divided, when the numbers were—
For the Motion - - - - 141
Against it - - - 27
Majority 114
The House then went into a committee on the
Bill.

Mr. BARING made a few observations in answer
0 what had fallen fiom several gentlemen in the
course of the evening. He maintained that prior
to 1797 gold and silver formed a legal tender; and
if they did not choose now to return to the double
standard, they would be perfectly justified in rais-
ing the value of the sovereign to 21s.
The CHANCELLOR of the EXCHEQUER expressed
his belief that if the present measure did not re-
store them to a permanent metallic currency, it
was in vain to hope success from any other.
Mr. BARING repeated his former statement,
and observed that they would now have a gold
standard distinct from all the nations in the
world.
Mr. WELLESLEY POLE entered into a short
statement of the amelioration that took place in
the state of the coiti in 1776, and argued that
gold was then considered as the legal standard of
the country ; and from that time until the year
1816 it had so remained.
After a few words from Mr. BARING and Mr.
W. POLE, the House resumed, and the report was
ordered to be received to-morrow.
IRISH BANK PAYMENTS.
The Order of the Day was then read for the
House resolving itself into a Committee on the Irisi:
Restriction Act.—After a few words from Mr.
GRENFELL, Mr. lIUME, and the CHANCELLOR of
the EXCHEQUER,
Mr. GRENFELL inquired of the Chancellor of
the Exchequer, if any negociation had been en-
tered. into for the renewal of the Charter of the
Bank of Ireland ?
The reply of the CHANCELLOR of the EXCHE-
QUER was not heard in the Gallery.
Sir 11. PARNELL thought, from the manner in
which the Right Hon. Gentleman evaded the
question, that there was some foundation for the
rumour, that a negociation had taken, place. lie
thought that all the. miseries Nihich the country
had endured since 1774, had arisen from the
departure from the principles formerly acted
upon. So strongly was he impressed with that
idea, that he would willingly afford his assistance
to any Member who should move that the Char-
ter should not be renewed.
Mr. BENNET observed, that the answer -which
had been made to the objection of the Hon. Me-
mber for Aberdeen, was unsatisfactory. He should,
however, have another opportunity of adverting
to the subject, and he would now content him-
self with protesting against the negociation which
he believed the Right Hon. Gentleman had en-
tered into with the Bank of Ireland.
Mr. PEARSE said, that the Hon. Member for
Shrewsbury was welcome to entertain whatever
opinions he pleased, but would any other person
believe that the Bank would not do all in its
power to prevent forgeries ? The fact was, that
the Bank had done, and would do, every thing
in its power; though complete success had not
yet attended the efforts which had been made,
yet he did not despair of seeing a note fabricated,
the forgery of which would be impossible.
Mr. F. LEWIS did not view with so much
alarm the prospect of a negociation with the
Bank of Ireland.' The Hon. Gentleman pro-
ceeded to draw a contrast between the Banks of
Scotland and Ireland : let the House look at the
former; there the number of partners might be