The Sun.
London, England, 1819-05-25 00:00:00

had been exciter! by the MinistCfh them:Oyes, thee;
had lived mum alarms for the last two years.—jlear, bear,
hear:)-The Hon. Member concluded by preferrinK the Re-
solutions of the lion. Gentleman
.(Mr. Ellice) to th,Ose of the
Right Hon. Gentleman (Mr. Peel).
The CBANCHLGOtt of the Etelletatten delende-d
his loyaler- soppoft of the Restriction Act, by
plcadine the particular eirctintstlintleS of the coun-
try ; but he denied that he hall'ever held an opi-
nion they should not altogether abandon the re-
turn to cash payments. In his view, the utiestion
was narrowed front ha original expediency In the
particular mode of applying the principle which
was recognized Ott sll hands, It was •nuerindid to
charge the Bank ;sow with not wing tip the
payment of their notes d Clue in ISIS, tor an. Ho-
nourable Gentleman who hod now proposed the
ataenfintioit,- was himself one of a deputation
which, waited on' the Lord 4 of the 'l'rea•
stay, d'-siring that the Brink might be pro-
11ihi:,,, pryreeding with these payttrents.
As to the mode of carryin..,t, These payments tato effect, he
was nut .entit elf- hostile to the amendment before the House,
but lie hlm! tt e Bill in its progress through the House,
would-cootravene sonic of these propositions. One object,
and it seemed no minor line, of the amendments, was to get
rid of the original and if these were done away,
it was hard to say, iliat they would not so weaken the object at
first contemplated, ae to Jr it away all together. In substance,-
the report amounte.4 simply to thi;, to give the country a me-
tallic standard, and to. reduce that standard to the Mint
price. It had heels said, that the Bank should not be made
an ohit et of public ohlminy; he (the Chancellor) had nothing
fort her from hito, than to cast ally undeserved imputation
upoo that body; and, from his long connection wit) them,
he Was convinced of their integrity. He would give place to
no one in sincere wishes for a return by the Bank to cash
payments, and he would not leave it to an indetionive ire
nod ; tint in tact, four yenta wankt answer any purpose, if
it was only allowed' to be gradual, and' no inconvenience
would be felt utpler the ino,:ifications adopted by the Com-
mittee. He then-said, that of the loony plans proposed to
the Committee, no'one seemed so well calculated to answer
P11:1liL purpose,. as that. now proposed fcr adoption to the
Committee. Amongst others, was one for payment at the
martin price; bin that was found 'too exceptionable
to be indulged. and another for making notes •payable by
establishing a difference of value in notes of a different date.
extension of the issues by the Batik was recommended
is another plan, aS: tending tp the same end: Four years had
been said to be slow in its operation, yet the plan suggested
as a remedy: to this, contemplated but uae year sooner. lie
concluded by observing, that the payment in bullion would
answer all the purposes of cash, ac all our foreign relations
were concerned, while the paper currency-wonld supptirt.the
demands of internal commerce.

Air. MANNiNG Spoil at souse length-against the
original resolutions, and went into,vatious details
upon the subject.
Brcaario supported .the original Resolu-
tions.- The Hon. Gen' tertian said, the Bank had
no wish to thwart his Majesty's Government on
this question. He adverted to the opir,ioir of
Mr. Thornton, the Bank Director, approving of
be proposed, plan. lie next took occasion to
animadvert on the remonstrance of the Rank
against the measure before the House, and in re-
ference to the statement made by an lion. Mem-
ber, that the plan would induce the Public to
withdraw their coutileuee from the Bank, said,
that the Public wade no question of their sol-
vency, though they might doubt the iidgment,
with which they managed their atrairs.—(A.
laugh:)—He commented on the 'executive func-
tions which, wete usurped by the Bank, and said
they had a particular ropensi!y to ace as. Ministers.
(A laugh.)—The untavoorahle state of the ex.:
changes was owint.r., he sai,l, entirely to a re-
dundant currency, and certain other causes de-
pending on the 'variations of commerce. After.
some other -observations in tespvcs to the coin
of the colour y,-the Houottiable Gcntlentrui con-
cluded ant id loud cheers bout both shins of the,
11;mi

Alderman tISYGATE, in an able speech, spoke
against the nn ion
Lord CAsTLERRAOI-1 then in.‘ved the adionro-
meta' of the ciae-“iiiti till to-u,oliokA, (this day),
whiclif Was agreed to. •
Adionroed at TWO,o'CLocK.