The Sun.
London, England, 1826-02-10 00:00:00

IMPERIAL GAS COMPANY.

A General Meeting of the Court of Proprietors
of this Company was held yesterday at the London Tavern,
Dishopegate-street. In consequence of an intimation conveyed
tb this Paper, that some disclosures were likely to be made at
the Meeting, which it aught be important that the Public
should know,
a Reporter was directed to attend ; but on making
his appearance at the Meeting, and (in answer to some questions
put to him) stating his object, he was told that no Reporters
would be allowed to be present: lie of course withdrew, having
first meertained that the parties from whom the refusal came
were were. Messrs. J. and H. Clarke, who, with some other Di-
rectors, were assembled In an adjoining room. It is seine.
what singular that these same Messrs. J. and H. Clark: should
have so great on objection to allow the proceedings of any corne
panics with which they are connected to go before the public.-1'
They are the same Gentlemen who lately cut so conspicuous
(and who probably will hereafter cut a still mere con-
spicuous) figure in the'" Arigna Mine busine‘ei," and who
seem to have got the art of persuading certain Members of Par-
liament to accept paltry sums of 1,0471., without eVen eontles-
cending to tell them why or Wherefore ! What an instance of
the general Prosperity dell classes, arising from the late specu-
lations, fot the Chancellor of the Exchequer, should he be in
want of one this evening—that even waxengers and ,:lontraiding
dustmen (for such are some of the occupations of AlessrS. J.
and H. Clarke) should have such sums to-giv:itway ! Of the
proceedings of the Meeting, of course, we can know nothing;
but no doubt, if they were such as we were led. to expect', the);
will find their way before the public, and thus the crooked
policy of Messrs. J. and H. Clarke will be defeated.--(7lmar;)

Therweternmany retools, why theatitnittintraoon orieeene
was more'defective in corporation' than in the county districts,
but the -ffillicidtv was in interfering - wiilt - chartered rielas,
which could not well be regulated by a general let W. Altlnetge
some neglected the Perlin-mance of their duty, others did own The only remedy that occurred to his Lerdship was to direct
the attention of the Crownsto the aninding facilitiesi in Court,'
of Law to individuals who were suffering zejnitice. As to the
subject of affording relief to the-poor, he 'differed with the
Noble Lord (Ellennorought. Ile %yes most. anxious to devise
some beneficent plan for that purpose, but nothing had an yet
been suggested that Would induce hint to bring the measure
before Parliament this Session. In fact he did not see his wan
sufficiently clear to adopt any such coutee. .
Lewd ELLENBOROUGH said a fon words in explanation
We Understood the Noble Lord to say, that in eepauirig or-
making roads, the entire should life surveyed before any present-
ment was granted.
Lord DARNLEY was willing to admit that the Nolsis
Bert opposite Pail done a great deal towards the improtetnect
of Ireland, and more perhaps than was expected t but it was
imposnible his measures could produce any 'permanent ben tit
IRELAND.
in this country anions; as the excludes! Catholics were taunt vitt& rhtt with their retestant fe ,
The Marquis of LANSDOWN rose to make his promised ig
the oitestion of CetholicP Ernancipetionllow-su was bj
scectsaled, belea despairtaut/
motion upon the current,y of the. country, but he wished first ed of any solid or permaneet improvent there. They might at
to call the attention of their Lordshipn to the Report of the well attempt to construct a nerfnet building upon a bad fiwn-
Committee of the House on the State of Ireland, laid on their dation, as introduce any measure into
-Ireland without first
Lordships' table last Session. He would • diereftire ask the granting emancipation. The best Opportunity for pasenne; that
Noble Earl opposite (Lord Liverpqol) to explain to the House measure that ever occurred Ives that of last year. it was net-
what had been done, and what was intended to be clone upon milted to, pass, and he much doubted whether the like would
that Report. Some valuable iuggeetinns had been made in that offer again. There was a growing cordiality' between
were
Pro-
Report, but there was one which deserved particular attention. instates and Catholics at diet time, and prejudices wear-
The subject of education was particularly. deserving of consi— Mg away. If that strata of things is now ?dusted it is owing to
deration, and lie wished to direct the retention of the Noble the tone and feelint;
.manifested by the Noble Earl lest year,
Egad to it. The Noble Marquis "felt strong objections to the whet; he put an extinguisher upon the hopes of the Catholics.
interference of Government in the education of the people, but The country was now tranquil, but let not the Noble Earl Het-
though there Were general relating against such interference, ter himself with the hope its continuing nee unless three was an
there Were circumstances connected with that country which equality of civil tights established in that country. He did:not
made it peculiarly useful, and particularly necessary that Go- think the Introduction of the
.poor laws there desirable. jle
ternment should interfere. It was impossible for any pri- . would again revert to this subject, which could not be too often
vete individual to extend the benefits of education in • that before their Lordships.
calintry as it might be done in this and other countries by . CURRENCY.,
indiVidual exertion. The prejudices of the different fac. On the Order of the Day being read,
tions in Ireland caused a distrust in each other, 'and an exam. The Marquis of LANSDOWN' was not aware that 'ani
once of impartiality could receive 'confidence only when com- opposition was intended to be trade to his meant), but he 'Was
ing from the Government. It was for these. reasons that he ' anxious, in introducing to their Lordships so important* 54b-
wished to know the intentions of Ilinllsjesty'a Ministers on this ject as that of the currency, to make a few observations on the
important subject. distress which had prevailed, arid which, he watt sorry to set',
The Earl of LIVERPOOL would give every information , was still prevailing in the country. fie did not presume 't.e
in his power, as he had no wish nor reason to keep from their offer a remedy. It was a peculiarity in the nature of those enilt
Lordships the intentions of Got/eminent. His, Lordship did that they must work their own cure-I-that they least work their
not know bow he could better reply to the inquiries of the oble remedy. His object was to get tit /1/tiell itilbrlllUtiOn as possible
Marquis than by reading the suggestions of the Committee on befbre their Lordships attempted to" legislate upon the. resolu-
the State of Ireland, and by stating as he went along what was tinny of the Noble Earl. lie was far from feeling, or intendiug
done, and what was intended respecting each suggestion. The to express any hostility in the 'principlee of . the measures which
first he would come to was the proposed alterations in the laws it was in the contemplation of Ministers to propene, if in the in.
of landlord and tenant. That subject futd been for some time ' terval every thing would be done which wan necessary to fecilis
under the considerttion of the lair officers of the Crown, and a tate thaacquisition of such informution us was requisite to form
Bill had been prepared by them, but many difficulties occurred a correct judgment. NVith respect to the issue of "small notesi
to his Majesty's Ministers,and it was determined to reserve the he thought it would hate; been much better fertile King's Itli-
entire subject for the consideration of Parliament. The law nistersto statecandidly the grounds which lied originally mime'
officers of the Crown had Attended to the subject with all pos. them to be introduced to the community. By this givens Minis-
mible assiduity, and although some of. the impediments had ters would retrace their steps with some rid vantage to the public
been removed, there still retrained others which would require and in some degree redeem that ill-etinised measure. While he
the wisdont and power of Parliament to remove. On the. sub, expressed these sentiments, however, he did taut Itleart to deny
ject of Grand Jury Presentments his Lordship regretted that hetthat he himself ought to taken full share of the blame which the
had not a satisfactory answer to give. fie was not preparedeo I Parliament deserved for so readily yielding to the recommende.,
say whether it would be prudent or practicable to interfere., or E tion of Ministers in this respect. lint the period had birthed when
legislate beneficially on this complicated systems but every any one, even the person leattconversant with the detnils ultimo.
consideration would be given to devise a remedy for the evils ei'al affairs, might perceive, by reference to the papers for which he
of the eystem. It had been suggested in the Report of the intended to call, that the exportation of gold front this country
Committee that the Civil and Criminal business of the Quarter has been produced by the small note bill. The matter which he
Sessione should be sepentted. A Bill had been prepared, and now introduced had been already very ably attended to by a
would shortly be submitted to Parliament. The manner in Learned Gent. (Mr. Tooke), who, with the accomplishments of
which custodium writs were executed, and the inconve. a finished scholar combined great practice' knowledge. This
Mance of the inesne process system, was at that Ante gentleman had very clearly shewn that it was the nature of
Undergoing attentive' consideration. With regard to the . small notes to increase the artificial capital of the country ; and
office of Sheriff' and Sub.Sherifin. it had been suggested ' if this fictitious produce be employed in speculation*, it will
tO.maks the appointment of the latter subject to the Judge of I Require further tendency to au artificial property, and
Assize. This was considered attentively, and a Report would) thus to extend the evil to its extreme point. It hiunsurprised
be made tee Parliament by the Commissioners appointed to f him (the Noble Marquis) that in the statements which had been
inquire into the entire duties of Sheriff. Another topic was the I made with respect to thee peyment of small notes, the certainty
administration of justice by Magistrate* in corporate towns. I Of this consequence had not been enntemplated ; but from the
The present remedy in case of any abuse is by an application ; nature of the process to which he had already adverted, it Must
to the Court of King's Bench, which was considered tooexpen- require a longer time before the excess of the evil attendent on
sive and too tedious a process. There were certain difficulties this distribtition of artificial property cart be fully known...-.
interfering with this subject, but a Bill had been prepared, ; When this capital is forced into circutatinn, a reduction of in-
which his Lordship hoped might answer the purpose. A rug. terett is the first consenttenee. To this succeeds an increase or
gestion had been made regardiog the elective franchise, and ,the , prices, after whith the metallic currency vaninhes out of the
abuses which were practised under the Forty Shilling Freehold : country for the purchaee of coemodities. The glut thereby
Bill ; but upon this head nothing was es
works
determined but occasioned produces proportionate ruin and destruction, as
it was under consideration... The extension of public ' from the, wants and wishes of the various competitors, sales.
and of the fisheries; the improvement of lunatic attylumns and ' must be effected at reduced prices. It would be unfortunate if
houses to industry ; the regulation of manor courts ; the con- this ruinous system should be permitted to hold until 1033. It
atitution and powers of vestries; and the administretion'ofjus- . was the duty ofParliament to check the evil its soon as passible..
Lice in subordinate departments were considered, and some are . Ile had heard with great surprise, and within the last '24 hours,
now in a state of considerable improvemera. His ilowiship ; of a step taken by his Majesty's Government, which in hint
felt great satisfaction in being able to state that the alteration ; appeared unconstitutional and exceeding the lege He did not
ih the tithe system had worked most successfully upon this t know why a vote of the Privy Council should be alletved to
head. He could give their Lordships most satisfactory infore i fallen is precedent for dispensing with the law. The'ntetter to
Illation ; but be hoped in a few days to add to the pleasing in. which he adverted was the stoppage of stamping the to-null
formation which he had upon that head, from both public and ;nowt, so as to prevent any further issue. 'Die policy of the
private quarters. Atpresent he wits in possession of returns measure may be good or may be bad, but the precedent would
tnom all the dioceses in Ireland but two, and these were expect. 'be tnischievout. Though he did not disagree with the twin-
ed daily. It appeared by .the returns already made, that the ' ciple of the proposal 'in the eontemphition •of Ministers, to
late alteration was adopted in more than one-fourth of the pa-1 ameliorate the condition of the country, he by no means ale.,
finites of Ireland, and the good effects of the,lew was not con- roved of the adjunct. He thuught there should have beet) o
fined to those parishes in w-hieh it was adopted, as private ar. proposition submitted on the subject to both FIOURCLI Of Parlie.
wingements were entered into in many places, which were as t ment. In fact, his Majesty's Ministers ought to provide e bill
much benefited as if the law had been actually introduced iti of indemnity for their conduct in this respect. With tepid to 'the
those places. Not only did these observations apply to the measure itself, he knew it was the opinioil of some Mtn-lin:is
North of Ireland, but to the southern and western tits- of that House, and of some persons ()inside, thut the font:ter
triers, and he alluded particularly to the luminty of Cork, strinds in need of it to renovete its energies. It had hie-fell end
where its advantages were generally felt. He would not entire approbation. But their Lordthins vhould consider the ties
propose any alteration for the present, as it might retard tare of the aceommodation meant tit he allineled, tbr he did net
the object which they were all anxious to attain. Be could think it advantageous to apply thy same principles to wed en-
state, upon the authority of the Attorney:General for Ireland, .
pital as to capital raised on an artificial System. He knew of
Abet the tithe case* at present tried by the assistant barristers nosystern which could cause an artificial rise of recta' Without
were reduced to half the usual number. On . the subject of a revolution,' fixed as that of the planets rimed the snits He
education his Lordship could not *peak as favourably as he' did not think tile contideration of any expense *hid) Might' he
wished. It wits to be expected that some measure would be incurred by the adoption of a metallic currency deeming onite-;
devised to promote edutettion, but the very strong prejudices rice. The fluettestions Which might arise in is metallic or /leper
which prevailed in 'lreland on both sides, threw great obstacles' currency would be productive of less injury in The former than
in the way of the Commissioners, who were instructed by his in the latter ease. If the deviation of viper ctirrency Woe to
Majesty's Ministers to try the plan recommended in the report. be otken front 100 to-150, and of the metallic from 90'to t CO,
An experiment was intended to have been made, butdifficulties and that gold were to be sent out Of the country, the rettetitat
occurred which would retard the completion of that experiment. j on the excess would be productive Of greater' tans inn the fen.
His Lordship, however, still had hopes that these impediments mer instance. Ile had formerly said, on a diectiseititt offnctsnes
would be overcome. The idea was not abandoned, and the state of real and tictithius capital, and he now repeated' the
every attention Was paid to the suggestions of the Commit- , assertion, that it appeared absurd that the Most wealthy
mere
tee on that subject. Tt was not in hie power to be more try in the world could not con-inland e stitfiriertt supply ot 'pre-
explicit upon this subject consistently with prudence and clout aeons. He knew the contrary to he the fact; and lie wits
fromet'livi tnheeedeo' frnt7nientit7unllleenktsuelYwintha°tri :rib etl:3ebeleot'trisinett off: .yt'eth'n:ar
with the necessity of not entering upon a premature die.
the Dank t'hk4ot; wEhriegillaPriclidhWatalsr:;edtettli'leit tilirn'llo;:t1:1; aoYfssborvptirtge:lottlis'e:
cession.
Lord ELLENBOROUGH
16 .
,WrhMareW:l,l,isn:::sivemAlidin,Aisbtfentt'st ,
naliatikrineir
alt,rAliireftreonnete tilliwrteielainstiliolitotnapetrtitodfoourrtecienc,-uunelirnlionnliftotnl9l.l_l!
credit yeti what had been done, but there were tome Pointe onon
which there watt explenatiou.
This was a proof that the geld would return 'to 'suit ifunernew-
hgrea4ndd moansji try presentmentsabuo
exis
existed.
d .hy
There. e in: owbelree E
notarlte,:na,
fioicil:fstuettwnyhdeabenrurt
4:w:silo::
many roads, and the present reoe, orrepsoring them was very
jg)renntemieleoofftitileteecienotdmi:tyo.f
tillle.eßwanaskdoesrizgs,:iftrlstiaptrentiiys,inwghehtiitailitst
would turn out to good or to bad Purpose. In the recent twins-
dtielefcr,ctimiv etit4neeli ttiini;tconftii.ae
jrioliactlaw4istsgfctearet r ir
. were ever. 0.,,.a9,xi0r0i to do their coning the cession of the privileges enjoyed by that establish-
in astate of rain, anti the money expended wee lost to the pubs actions between the Bank of England end the Ooverrtroent MA4
,
lie, evert if the grand turn
.
es he ciiii not think-it tainly deserved great credit. lt readily nteprwel fOtward to art
duty. ere was no allusion to theecliet t the poor ;but that latent 'tor the purpose ,of forming county' banks, the Rank ter:
he did not regret ; he was glad of. it,
tertering on a . iv* only ca Old to express his oeinion that the miles pru-
woull be wise in Government tee intertere, lie should like to . rest the progrelot of celemity by the issue of small notes. But
eheat‘'eeeea oPeleedisteontlu'etettikilerreespe‘'c'll to ttleteelititti°cria tit i:)'r the poor in. .1' ‘i,:tiOlislip made 'Li
contiderably aggravated the evil's of•irs.
behind, As to the tenure of the experhoent,which was at- , creased circulation. Front the pipers on the table, and
tempted, lie must say that vows caused principally by the thee presented to another House, it would appear 'atilt
Noble wed ~,„a „,,ch of hit cone,iPes• as refused the atleitim. ;rt very greet addition was mode to the OVA of
.I%tne
sion of the C3thelie3 to tAttal rights with their Protestant ;. 'hulk or England tireulated up to MS, hitt 'FaFt'cils
fellow.sebjects, and if that exclusion etintinctea they would letly ter lens. Such proceedings were injudicious'. and itlitttioun
alvsays look wan distrust itpon any system of edeeetion propott. at these periods. and the remedy proposed to btfelfecte,d' rune
cd to than.
;,tOO LAW tme Net* the Mischief. In the ingittries ionnecteo
Lord CLIPDEN ilioneht the whole of the ?irann ,lury • with. the Bullion Report and" the Maori temmeittee, whei,
system a mess .on nobeinge and requiring die. interference of .. some of the most respectable and intelligent men want cennenned
Perliameni• The bctNr orthr Of 1411111er8 were tsoffeterA by is, I etc the subteen it weft their op
the excessitse el_rAinion that' the eepttlat)ph, AA ar
ortitoon of the
anti some remedies should beapplied..pre ,Lrt .
ous metals nestikod from
Tlicitatl of I,IVINtPOOL ensured the I .Noble Lord it was the very time of the clefleieney of :spew people were- licevinnee
eery ditficolt to votinct eettein objections which might be made
‘patict. money in atsuntlimee. No* iitheivs,,eh was the tiiNe there
..
to the Grand dory system. He was tlaitettatisfieti that evils i weld be nollotibt thee this him of Oren:oilee eirOttliitiott.' wits the
neisied 1 it was a tut),ieet which occupied the ,:arious comae obeleful e;aises, Ile Ti.'grettter th/lt the Curt4ilmentn`whiith ill,
(herd Liverpool) that no
deretion ofltish Goviennient, and though ell were agreed 1 oter,wee Enoanti tete oiountit it re.celinne to adopt iti the begin.
as to the es istenee of the evil, Ars tWo , at; -
agreed ire the rentetly tin ! Antic of .-1 t autumn find non origatetett tit tat eat line period;
he epithet! ; every liVnion nail a separate remedy.: Ligon,. the ' His motioneeoultilaetude the itemeto of the Belli of Englenct.
subject, and the danger twat that the intended improvement I fret three years, and he. hoped, After the otwervationt which had
might be a greeter evil thah that which it attempted to earreet. fatten teem the Noble I,ord opptastte

,•objection or obstruction would be offered on the part of the
lank. With respect to another measure—the requiring of se.
-,curity from the. Country Banks—he 'should be happy to receive
any information on the point, for at present he entertained great
•doubt of the propriety of the proposal of security. The grand
principle to which he theught the chief attention of the Le-
gislature should be directed was, to promote as much publicity
as possible. Ile was anxious, if the spatter were feasible, that,
public statements of -the banking concerns should be given at •
mated periods. Such a course seemed funds
to the mode
of acquiring a security by tying up the funds of the establish-
ments. There was another observation which lie wished to make
itt respect to the payment of the amohnt of the respective notes
to the holders. He thought it would' be the more judicioute plan
to make all the notes payable at duseeverel places at which they
had been issued in the first instance, and not in a quarter where,
from the distance, it would be inconvenient to apply. The
observations. which -be iliad uttered were founded on the inea.
sure which- it was supposed his Majeety's _Ministers want
- to bring forward.
.The consequenee of such proceedings
would be to bring the country back to the state in which it-was
at the time of Mr. Peers- Bill. He saw no cause to decide, from
the condition of affairs, that such a result would prove peroi-
ciotts. Hermit! not bring himself to think that the country
'wee incapable of hearing the taxation imposed; but irsuch
were the thee; it would. be inure wanly end prudent to disclose
• it, and not to allow the nation to repose in the error of artificial
prosperity. Such a fictions 'suppoeitlen would introduce the
erritist detrimental fluctuations, so thtit no man could be assured
of the stability of his affairs, . • He might rise in the morning a
rich roan, and someatulden revolutiott might leave him penny-
- 'lege before night. It would be well to rescue the country from
such a state of apparently increasing prosperity, but of real
If the engagements cannot be kept up let it be
plainly stated, so that all may knew. He did not however feer
any dangerous effect from the measure of the Noble Earl,whfie
he was anxious that -the stability of the countty should be
•notorious. There may exist some local circumstances to oppose
the extension of the principles to Scotland and Ireland. He
:should like to know if this were the case, but at all events he
hoped that these countries would' not be hiet sight of. The
• principal object which he was anxious to effect was, that when
-false anti wild speculations should proee abortive, the distress
which would be likely to ensue might be corrected. In that
expectation he would propose the following resolutions :---
"-For 'an Accoont of the number of Notes issued by the
'Bank of England in February, May, August, and November,:
-from 11310 to 1025, distinguishing the notes under five
pounds, and Bank Post Bills, and the same for Scotland and
Ireland:
" Also an Account of all Notes issued by Country Banks
tot the !game period ; and the same for Scotland and Ireland.
' " Also an Account of all Bank Expencen from 1019 to the
-present time, with copies of all Chartersegranting privileges to.
Bunking 'horses."
Lord IA VERPOOL. did not mean to oppose the principle
-of the resolutions, but he wished to say it few words on the
-mode.- When the Bank of England was. under restriction it
Was the duty of Parliament to inquire into the issues ; but the
restriction heating expired, he did not think that Parliament
was entitled to do so. There was another way, however—by
referring to the Stamp-office ; and though It might not he so
templete in some minute
.respects, it would fully answer the
purpose intended. In regard to the other point-the directions
given to the Stamp-office to ',prevent further stamping—this
measure waS not adopted until notice of an alteration had been
given in another place. It was done to obviate any obstruction
to the measure under the consideration of Parliament. Those
banks in the neighbourhood of the metropolis would otherwise
receive partiality, as they might in the interim•hrive access to
the Strunp.office, and thus defeat the proposed measure.
The Earl of 11AUDEBIJA1.14, though he could not find
fault with the resolution of his Noble Friend near him (the
• Alarquis of Lem:down), did not think dial the Noble Lord op-
posite (Lord Liverpool) could claim much praise for his con.
sistency on the occasion. lie had predicted last Session that
the. present evils would' ensue, and it was then his duty to the
country to propose those measures which he had deferred to the
present late period. The Noble Lord (Lord Liverpool) had
forgotten that he had made to the prediction, and yet he after.
wards traced the evils (instead of this Speculative rage) ta the
state of the currency. Tlw Noble Earl then proceeded to dis.
cute some other parts of the measure, and eulogised the prin.
• ciple of the.Seotcl: banks. -
The 'Earl of CAIINARVON said that he thought. much
evil arose front the present formation of banking compa:
• ales:lie wished that the property of
.every individual who
was concerned in a banking establishment, ,should be made
liable for the debts bf do: Company. This would give
•much greater security to those banks, and prevent irre.
sponsible 'peculation in such concerns that should be mer-
chant bankers. He thought that the objections taken to the
circulation of small notes were without ground, futile, and,
to contract the issue of those notes inefficient to produce the
results anticipated from such a measure. If the issue of mall
notes hash such it bad tendency, he would inquire why the issue
of' later note* would not have a similar effect, If' the issue
of the former Was productive of digress (so justly anti so loudly
-complained of.) 110 could not imagine by what analogy of
reesoniott it could be concluded that the, issue of large notes
could nee he :mended with the hove. injury.
,Whatever might
be the rinse et' the present commercial digress, he was quite
• sure it monld'not be attributed to the issue of small notes. If
It equated any arguments he had been furnished "with them by
Ac Noble Lord opposite. He stated that a return to cash pay.
meats would not he sufficient to remove all the difficulties that
-had micas. It would at least be productive Of some good, but
fur hie part he thought they should strike et the root or die
•.evil. lie knew that the arguments of the Noble Lord would
have more weight with, the house than any he . could offer
. to their coneideration. It was notwithstanding extraordinary,
.that in die year 1793, when much .commercial embarrass.
wept prevailed, and when it violent convulsion took place
-' in 'the.' money transactions of the . country,- when A went of
confideece in the stability of banks was in every 'respect as
great as
.Itiroi the case a short time sines, and when not less than
unehutidrad country banks stopped payment, the Governmept
' issued Exchequer Bills to men the' exigencies of those bankers,
and to cure the commercial evils of the country. In that case
cash payments were not thoueht the beat remedy for the dis.
tress, which was quite us general and alarming as at the present.
In Scotland the circulation of mall notes was not found to pro.
,duce suelrevil. . That country wits exclusively exempted from
the distress which lied visited the commercial interests of this
country, and that exemption was greatly attributable to the ex.
teneive circulation denial! notes, which was encouraged in that
country. .lie would never consent- to any measures which would
eentrect the issue of those notes. Front the clibct of these issues
in Scotlend he bad every coefeletteein the benefit to be expect-
ed from continuing their eireulatiori in this country. Thitt coon.
tee had been for :le years free front tiny prominent commercial
dillieultion lie would listen to the lessors of practical expe-
rience in preferenm to any theOrite, however, specious, Red he
confessed he looked with touch diffidence et this measure which
came out atilt,' hallthi of those who( were deeply interested in its
success. He dial not knew upon what grounds they could sur-
mise that the circulation of one anti two pound notes wits the
cause of the present difficulties. At various periods such diffi.
cul ties bed taken place. When the South Sea scheme was in
full Openttionehe would ask, wag there no convulsion---was there
no oifficeity experienced by men of business, end yet no one or
two ieound notes were then in circulation, anti very few country
'banks were then established. The currency in- 1792 and 1793
was changed without producing any dangerous censequences.—
'lmenediately after 51w war the Bank gave notice of thei!• in-
tention- to return to cash paymente ; but this was far from•
giving stability to the commercial Interests of the country
there were numerous failures. The filAtteS of the Bank of
Engletid were at this time contracted ; to remedy duedistress
that prevailed, was not thought advisable to revert to
cash payments, -bet to extend the circulation of the paper cur..
• reney. After the shock which the commerce of the country had
experienced iu alt its braochee, no danger of too great enter.
prieu wae to be appelhendede there was now no very buoyant
/pith r
eeeediotion, and no fear of overetrading could be rea-
sonably et:test/tined. Ile could' not ins ithy view of the case
justify the measure which was propoeed for adoption; he t
thought, that instead of contracting their issues they should
.extend them. The evil ates.not that there was .4 deficiency of
'gold its circuletirroebut that there was no ,circulation at Am,
'We were told thataceite should be taken that the interest of
wormy %Wield not be wog-rent in no imperfect gate of society,
and Wio!re commerce has made but little progrees, the interest
of money is propottionehly high, hut whencenimerce flourishes
the interest then liecomete low. Should they now, with the
enonmees it 1 lest th,s natiortai debt pressing pooh them,
room re e ea; eseeee they weuld entail notch distreet upon
the emir AL they Could not revert to cash pay-
ments et s s:ee..siehig the valee'of gold.—(Hear!)—llefore
twelve 0,,e, tieo eleOsed they would discover the consequence
U.) be 1110,4 pernicious, it this measure is carried
Into effect. Wine, they met next year they might consider
themselves very .fortunate jodecd, it' the Government of the
country we'd tell thern that the taxes had been sufficient to de.
fray the expencet of the7"yearee-(livar 1)—In. addition to the
enetia„ wheel heitheen matie by hie Noble Friend, he would
move thee" e. return ebony-, be made of the number of notes
issued sineeel79o.” Ile wished to obtain all the information pos.
table on' this subject.ana his chiet object was to have as enlarged a
view the wivc.t as he could collect from every source that
wasenotn to f lint, and to place toe whole
Willett of paper cut--
tilwholeouestion betore the
11,mo. :lie drought. that ernurecong tt
rency watiltr be very detra ;ne nod to the agricultural inte-
rests. It wile rehe paper currency thst fostered agelcultu—
eel prosperity. 'By the returns t 1„ now 1110Ved: for- ite
Wuuhl appear how far the principles laid down in support
thisi, measure • would be atrengthened by the experience
albe'Yekto.l793S 4704 .and 1706 ,wheti much ;wanner-

cial distreu prevailed. He was confident that the country
could not bear a return to cash payments.
The Marquis of LA NSDOWN explained. He said that he
would not press his motions on the House, if any opposition was
offered to them on the part of Ministers or the liartk.
The Earl of LIVERPOOL said that he had no objection
whatever to assent to the, motions of the Noble Marquis,
Rad he would undertake to say that no opposition. would
be offered. on the part of the Bank.—The motions were then
agreed to.
The Earl of LIVERPOOL gave notice that he would bring
in a Bill for the renewal of the Bank Charter on Monday next,
which would he then read a first time; and that the House
would be summoned for Friday sennight.—The House then
adjourned to to-morrow.

HOUSE OF COMMONS.

An Account of Country Bank Notes, stamped during'the
last year, was laid on the table, and ordered io beprinted.
Also, Copies of, the Communications between Government
and the Bank.,of Englan4relative tO the advance; made by
the Bank.
A person from the India Company presented A Return of the
Compensations, &c. granted totheirpjficers.