The Sun.
London, England, 1826-02-25 00:00:00

~' `t l

.• , .. , . . ~.. ,
lion. Gentleman would attendto the remonstrance when it Was
stated that agitation in the country was mainly owing to his
Majesty's Government. In the correspondence he had had
with country bankers, they wished to a, man to get rid .of this
class of men that.. the Honourable Member took this step, but
any thing. he could do to strengthen country bankers, he would
in his opinion, be attended with Ilettefit to the countryk The
si
measures lately taken had contriblited to the gottinuance o). he
panic. The . Honoustlir .51ember h 1 a Kir which id
\
that the coeasiireyr ' la.jenti'is) 3ui ters crying down E
circulationsok the n y lath, Is ttie` e pantos Ile' knew' .
not whether the ig tt lion. Gen eman intendediTo renew his , -
appoSition to the motion he should make:''' Would the Right- .!
Hon. Gentleman consent to any utoditication of his measure?
As he received no assurance on tliai-sithject, he should think•it
his duty, when they came to the proper;period of the Bill, to
take the sense of the House on this proposition, ;
Sir JOHN WROTTESLEY felt obliged to dissent from
his lion. Friend upon the -expediency of making the proposed
motion. lie thought it would. be of no value to the country
bankers. After the manner •in which their affairs had been }
brought before that House, it was unnecessary to stamp further
notes. Had it not been-for the order which suspended the
stamping of Bank notes, the Right Hon. Gentleman would not
have carried his measure. He wished to know what was to be '
done with the excess of il. notes. The Bank, as the Bill stood,
might stamp a million of notes bearing date under the 10th of
October. If it was not the intention of the Right Hon. Gen-
tleman to allow a large amount ofiknotes to be circulated, let
hifri•isay so. He implored, the Right Hon. Gentleman not to
let, the Bill-be the means f delugnig the country with small
notes.
The CHANCELLOR of the EXCHEQUER said he had
~
resorted to a very homely expression. On a former night hes
stated that he would not squabble with the Hon. Member for
Aberdeen about the committal of the Bill. His intention war .
toieconitoit it .that night, but if it were more desirable the
amendments might be ntided and debated upon receiving. the
Report. If, hoivever, the recommittal of the Bill was required, •
lie should not object to it.
Mr. HUME expressed a wish to see the clauses amended.
The question was then put for the Speaker leaving . the
Chair, and the House went into Committee on the Bal. . '
'Mr. CAI.CRAFT objected to the first clause. It enicted. •
that the Act of the 17th (leo. 111., made perpetual by the 27th
of Ge0..111., should not extend to notes under 51., payable on
demand,- and the Hon. Member had been infonned that no
drafts under.sl. could be paid without subjecting the party who
received the name to a penalty. The clause was at variance
with an existing Act of Parliament.
The. ATTORNEY-OUNERAL and the CIIANCELLOR of
the F4XCIiEQUER explained the law as not interfering With
the clause.
A conversation then ensued on the subject of PP"nt in
specie by the Bank.
Thellr. ICWIIItAIt:CEErLa iLOied CHANCELLOR of would enable the Bank to evade paying 11. in gold. ~„1,
that the Act of 1821 was no longer in force. before
Upon clause A, giving a penalty 01.501. upon issuing .
oth.April, 1820,,-any notes under 51. payable on demand, ex_
cept such as are allowed by this Bill, some discussion ensueod,
between Mr. Denman, the Attorney.
oqfutiesieti.oEnxtecliteuthQerutEheitAct of 1021 •
the Exchequer, Mr. J. Smith, .31r. Martin, and Sir .1.1•1;.`,1.
tesley. The Acts of the 17th, 48th, 15th, andi 21st of 010. i"
were described as clashing with the Bill. laws
; Mr. HUME suggested that the whole of the existing
e...e
relating to the Bank of England, should be swept AWAY h lin
they proceeded to pass the measure before the Ileut,e• fon..
Mr. DENMAN supported the suggestion of the Hon. h
her for Aberdeen. I, tier- ..
General, the Chcanncetelnl?u:t. '.
plexity in the Acts brought under discussion,
The ATTORNEY-GENERAL said, there was ulue- iii,e
and an!, to
13111 before the Douse had passed, a Bill might be Pa"'
prepared forthwith.
consolidate and explain these Acts. • ' tit be
Mr. HUME thought a.Bill, having that object, nug
also
oth
fillulll.ll!etquCi.te"artiviti:ilNee tsitileppli:irllt.ed the suggestion :f 1:
MT. J. SMITH thought the operation of the 17th of Geo'r'ge'
An objection was taken by Mr. DENMAN to Cl'a
making persons liable to a penalty of 201. who made any ntr
pbaaynakh4lres,toalowr
desrubojfiecbt
gested that the clause might apply to cheques and drafts?
who la t pal "le
Ilplsooto.fpeeniscolnessi,ig "un:eor:/.
wit was sun;
penalty, to imprisonment.
The CHANCELLOR of the EXCHEQUER said, ' be

Rev. Gentleman-had state& that of 13,004 rooms, 10,000 were
unemployed. In 11117 the manufacturers complained that they
were forced to infringe upon their capital for support, and
among the causes of depression in, the trade,. they alleged first
the duty on the raw material, and, secondly, the' practice of
smuggling. The distress Of .the :present time was not to be
compared to that of 1810. In Spitalfletds and Bethnal-green,,
the poor operatives were all -reduced to the last degree of
wretchedness; They' did not indeed consist exclusively 'of
weavers; illlany poor persons had recourse to that trade •as a
mean of subsistence who were not reared to it, and'in a periad.of
distress thcywere the first to be put out of The corn,
binations of workmen had Mandy contributed to these results,
and the masters and the workmen having been for a consider-
able time at variance occasioneel,a measure. which ultiniate-
.Mately brought on a stagnation of trade, which was in part also
owing-to the meetings whieh took place at. 31seelesfield, .where
it was declared by the trade generally that it was impossible for
them to compete in the markets with the foreign manufacturer..
The country had certainly to complain, in this instance, of the
conduct of our own manufacturers, for it was due to the country
that this experiment should have been tried. Some of the ma.,
nufitcturera had agreed to take the drawback on the raw'silk and
the protecting tiuty, and try the experiment. It was absurd to
say the experiment had been tried. If could dot be tried ; we
were not, nor could we be in a condition to try. it fairly for an-,
other couple of years. And now the Government was asked
what was their remedy? He asked the lion; Member for Co-:
ventry what was his ? Was it a Committee ? Good God, Sir,
to talk of a (.;ommitee, which could not be less than the whole
of the Session employed in enquiring.on this point alone, was
the greatest insult to those, who now crowded round the House,
arid pleaded their pressing distresses as a title to.instant redress.
The proposition was an insult to that distress. The manufactn:
refs affected 'to say, if theduties on importation of the raW mate-
rid were withdrawn, and a protecting duty of 15 per cent. levied
on foreign goods, thetwoOld, not tremble at entering into core.
petition with the foreign manufacturer. Here protecting ditties
to the amount of 30 per cent. wow offered. The assumption
of the petitioners wits extraordinali--..they first assumed that
there ought to be one-third more waste in a manufactory here,
than in one in France. • Next, dun all other things shoOld re-
main in the same condition as tHey stood upOU resolving to try
this experiment. And lastly, that even machinery itself' should.
stand still, contrary td till experience, in-eases of increased
demand. The expense of tlyoing was materially lessened, in
consequence of the diminution of the price of madder and dye
stare, and even Government had it in its intention to reduce
the duties on soap. employed in this trade. At present,
too, our Colonial raw silk was become-so fine and good, thee
orgunzine; or,. East India silk, Wal chosen in preference for:
many sorts of goods, snore particularly in the-Irish silk trade.
He next alluded to the investigation which had taken place.
as to the case of a foreign .manufacturer accused 'Of
smuggling foreign goods .into this country. The British
manutactOrers were, as the parties interested, consulted, as
to bow the inquiry should take place, and their sug-
gestion acted upon ; atilt these parties affected doubt.
then, did they not proceed, to prosecute 31. tie Pouihie
fOr the supposed fraud ? Ulm feet was, they could not.. The
real dillic,ulty in the case of the throwsters was, that already so
large acapital had been embarked in this trade ; for very many
considered' that a protecting duty of Ss. or -is., or even 3s. dd.
per lb., would be a sufficient protection to our manufacturers'
hem It had been found by an intelligent throwster travelling
through Lyons, that even there the French manufacturer could
rinttlirow silk at less than four shillings per pound. The nut-
notheture oftbrowing silk was quite a separate branch front silk
weaving, and, Tune-tenths of it was carried on by machinery.
Still the saute British machinery,
.or rather the same.Briush
genius, wan' not applied to the weaving of silk as had been ap-
plied to cotton weaving. A hope, however, might be Indulged
of a 'brighter day' for the British• silk manufactures, from the
circumstance of there being, itt this moment, two steam engines
at work in the manufacture of Oros de Naples silk,. which was
a most important improvement of our machinery; ,The argn-
ment founded on the simple manners rtml poverty of tire Swit.
zer. Silk Manufacturers, resolved itself; into this, that we must
decline all competition with nations less refined, or having
smaller capitals shun ourselves. Why then did we dare to
enter into competition with Ireland, whose poverty. was pro-
verbial ? and
.yet, England, though .wealthy and a great ca-
pitalist, was always its superior. Some loudly clamoured for
time; now enough of time, iii his mind, had been granted to
prepare the trade already, anti he wits conaeientibUsly convinced
that the house would act with mercy to' these parties, if' they
game to a determination by their •vote..this night, to put an end
for ever to all such prohibition, and dieplay to this, branch as

he had been called, that if any good 'could be expected to
arise from the appointment of a Conittee, it' it could even be
considered Ata, a neutral, measure, the enquiry ought to be
granted. It wiikldgitie im great ,Jiitin to refuse the enquiry;
but he was convinced. that enquiry tiow could tend only to ims-
chief4-tbat so fur from being beneficial, it would not even
be consolatory, and entertaining this conviction,' for him to
conserg to a Committee would bee-nothing but a. delusion. '
questidn, beat tit into detail as as IleeY w ld
ntnbasnt„cny 'this—would pr et the t
terest of 667 mansttl clam bet tes• eliA.the "'duty ud been
determined to impose upen the importation of the foreign ar-
ticle? His conviction was, that prohibition would inevitably
fail to afford protection. liy prohibition they would re-intro-
duce into their commercial system, the vice which had been with
so much difficulty expelled. It could not be disguised that,
under this motion, it: was intended, not by the. Hon. Meyer
himself, but by others, to make a covert attack upon the whole
system of liberal 1)40 which lied been adopted with respect
to the commerce Of the country ; it system which had been
adopted after die most mature deliberation, and with unequalled
unanimity.. The lion. Gentleman who seconded the motion,
Who spout the legal arguments with which he usually edified the
House was no doubt a omin:tent authority, had ventured upon
this occasion into it new field of exertion, and be manifested at
.least at the eagerness of a novice. He had not disdained to re-
peat the malignant insinuation's of ribakl publications, which
imputed. to his Right lion. Friend feelings as foreign to his
sound and manly intellect as they were alien to his kind and
benevolent heart. His Right lion. Friend was exposed to these
attacks for having displayed in the service of his country a de-
gree of talent and industry which might have been equalled,
but had never been surpassed.—(Hear' hear !).—lt was a fur-
ther eulogium to his Right Honourable Friend, that the attacks
made upon him had been only of that description to which
intelligence is always subject from imbecility.—( Hear, hear!)—
/fere the Right lion. Gentleman, said something about the ani-
mosity of the Devil, and made some allusion to the proverbial
Connection between the Devil and Lincoln, but the loud burst
of laughter by which the allusion was received from, all parts
of the House, prevented us from catching its precise import.j
Was it, continued the Right Hon. Gentleman, to be endured,
that the application of a refined philosophy to the ordinary
afliiirs of human life should be considered to imply obduracy
of feeling. 'this would be to establish the principle upon
which Turgot had been assailed, the principle upon which
Gallileo had been imprisoned, a principle congenial only to
those who were. incapable of reaching the heights from which'
alone an accurate survey could be taken of human life, who
conld not compiehend greatness from the sense of their own
inferiority. There was, he knew, a faction in this country—
(Cries of " No, no !)—a faction, he admitted, small in number
and contemptible in strength, which: considered every advance
of improvement as it retrogradation from jacobinism. IVith
this faction the British Parliament would never sympathise.---;
The conduct of a British Minister, whether entrusted with the
internal or external aflairs of the country, was best regulated
when it avoided all extremes. Abroad, not allbrding encou-
ragement to the excesses of the democratic spirit on the one
hand, nor entering into any alliances ter the suppression' of
freedom on the other. So in regard to the internal affairs
of the State—neither embarking in any rash anti hazardous
experiments, nor yet rejecting the: light of improved know-
ledge. It was the duty of a, British Minister to presi into
the service of his country every improvement in the . science
of Government. This was a principle whose excess was dan-
ger, but whose essence was to promote the welfare laid .pros-
perity of the State. It was in this spirit that they. intended
to act, and: he expected .it to lead to the -increasing pros-
perity of the country. But it was said that they had abandoned
Mr. Pitt and had taken a leatout the book of their antago-
nists. Was it possible that any one could so grossly igno.
rant of British history as not to know that the ‘l'higs had al-
ways been the opponents of liberal commercial principles ; that
the Tory had alwayelieen the liberal, and the -Whig the exclu-
sive. The only former attempts which had been made to ne-
gociate commercial' treaties with: France, had been made by
Tories. There had Only been two. Of the first, that at the
Peace of Utrecht, lie would not speak, as the attempt had been.
; but he would ask, who hail been the framer of
the Commercial Treaty of 1782?--Pitt. Who hail opposed
that Treaty ?—Fox. The strongly marked distinction be-
tween Whig and Tory had,. in modern times, been nearly
obliterated, .and many of :the fernier hid become the advo-
cates of liberal principles of trade, but in that character he
could recognize them only as individuals and not a party.--
From the recent discussions he could nut but perceive that
there existed a hidden tendency in. the minds of many per-

.1101 • _
well as other brattebes tlr tratie,:tliat steady perseverance in
liberal principles which must ultniuttely tend to establish our
trade Rail commerce on the most advantageous unti stapleftmn-
dation.

souk tii` renew the Bank Restriction act • and there' again
it might be said, that they had seceded , from the ex.
ample, of Pitt. That exaniple, he contended, was mis-
quoted and misunderstood ; and it proved the disposition to
.h. L - vlr If the-

found the Act did impose a penalty on ditwlifch—w-
--
cent, he should b .
e ready to adopt any words by way of Ai
went. •
Mr. DENMAN was convinced the. House did not Ice the
bell°

nft t• 1

Mr. DICKENSON regretted
,to see that, .vear after year, quote the exception rather than the rule. A there was any confusion iu which die Lae stood with respecttothe B:
sonic new theory of free trade was started with a plausibility part of the splendid career of Mr. Pitt in
,which his policy the Committee. . : thef
which won it all extensive and dengerotte .rapport within those might be questioned, that was undoubtedly the part ; yet it was Mr. HUME then moved to report progress. Wheneeteg
walls. For his part, he was decidedly of opinion the question to" this part of the conduct of that 'great man, that some -per- saw so much doubt among legal Gentlemen as to the oulteo
of silk dying was merely one of colour, and that we would nut, verse worshippers detlietttedaheir exclusive homage. Like some of the clauses, he thought the Right Hon. centlennin oak;/.
in this country, dye the same colours as they could at Lyons, barbareets nations, which dissegartied the sun, iu its splendour, cle'ar away the difficulties before they proceeded on the Ito
or on the Banks of the Swine and Rhone. lie should vote brought
, for , and bught out (heir enibleins of adoration only When. it .was After a few observations front the A 7touter,v-Gr°llAu
these reasons, in favour of these pctitieners, and would express under an eclipse, these worshippers of Mr. Pitt recognised his Mr. 1-W3m withdrew his motion. ih o"'
„
a hope thut this concession wouniProve in earnest on the part genius only in its occasional obecurations. Ile and iiis col. Mr. lIUSKISSON said tine Bill with respect to ,ein r
io , leagues w ere now admonished to tread in the foot-marks of Mr. ought to pass into a law, then there would be no ditiicu.„ite e Act
Pitt; but it Was in antic rare steps, where, either from arced- of the Legishtture, to resume its tiound principles of. PlicY
(tithe. way, halted for it moment trodden . might consolidate the whole.
, e el ug , mid, if he had vising those those laws which interfered with it- vn other more import= respede.
Islitilp).pPi'otseiltiles'ilie liad now s id t o li
ev
ear!
it
n.g‘iivr .i11;11tollEth' u:sstltirgehtlietitieprleljoutdisiceeloter
ih,raetld!ijootz, down 11118
ildweirlty:).....r till,:
The Clause was finally agreed to. Act, it
done *a, the object vit., ru ly neeonipitelted, to On Clause (C), giving penalties under the Steenlie to the
for which he ruse I • 1 • . ' '
°reicher one or other of the dintentliog parties. His °pinion, ,
system of his Right lion. Friend with his whole soul, and was penalty.
however, was ~iready nuttle op, The House would recollect inenifest to the 'loose and The country that he approved of the "was suggretedehat cheques on Bankers might be li"'
i toll ankell
that this was cot the first application , of 'the kind made to it ,"
under the Influence or, equallY erroneous. huressione. The determined to , support it with his whole strength. With the Mr..HUSKISSON said the clause did not apply
Friendllintself, fully master of them, had done all that could be Mr CA LCRA FT thought the Bill to
most remarkable wax that. made by sir Thomas Egerton (then details of the mubject lie. would not meddle;'. his : Right Hon. cheques.
Member for Lancashire), and Lord North, to prevent the iiii.
The Right Hon. Acts ought to_pass before the measure th consolidate bank
pnitatiOn of cotton intti 'lreland; which these' Stat
esmen. pro- dote to,reoder the Housemaster of thou also.
flounced very uouariledlee would, if granted, be the ruin of tretitleinan then sat dOwn anlidst loud and repeated cheers. In Clause (D),calling.on the hank to deliver quert nY
Manchester and its trade for ever—a prediction Moe likely. to Lord JOHN BuSsELI, observed, that the discuseion had counts of their'el. notes in circulation. ea Inept-
be verified, lie felt strong douhte in his mind as to their being been directed rather to views of general commercial policy than' Mr. W. J. MABERLY wished to introduce MI tune"• mil-
d six
ally chemic power in theauere (.•tanflutinee'of the waters of the to the circumstances of the special case, anti that indicattd the It appeared that in seven days the Bank had iseuf Ad know'
Swine and Ronne which could give a finer or deeper dye to silk general feeling that the .success of the motion would tend to lions of notes, and it was necessary the public Sll°. sling!,
titan those Of the Thames. Nor would he now lend his assist- shake the whole system of liberal policy of which the new re- the amount of their issues. The lion. Member acc°_res,...-
„„ce to the attempt made to arrest the intentions of Govern- gulation of the silk trade formed only a part. For the distress moved to insert after the 13th line, in Voge 4, the wusiiii in
ment us to aids moste important object, particularly as his Ma- now endured by the manufacturer's it was impossibie • not to .' And also an account of all notes of the Bank of Ealf?, The
jesty's Ministers seemed to be for a period embarrassed and in. feel, and lie must express his conviction that no one,. even circulation on the last day of each preectitOg llfiro'ilige ti::
WAWA in difficulties which, its far as he had been able to exa. amongst those who spoke the loudest, felt more strongly then Hon. Member observed that his amendment woeeetr notes '-
none the subject, no foresight could:perhaps have enabled them the al inistere.theniselves. He must vote against the motion. Bank to return to Government an account of' all tue
effectually to anticipate or provide against. Wishing well to • lie belicaed so great re change as that which had ode=
...place circulation. w sa'a it we.
the system which Parliament had adopted at the suggestion in the commerce of this country had never before been eneeted The CHANCELLOR of the EXCHEQUER -eetit, raa"
both ()fhb; Majestyat Ministers; and many at his own side of with so little public opposition, or so little individuel sufferin. right the Bank should publish an account of all !ne-,,,,nese on
the Mouse he should feel it his duty to support these liberal (On his Lordship resuming his eon the question was loudly in circulation, but he thought there was no grouno to trop °s
. • ,• dee.
the Bank a publication of the amount of all their 'sae i been
e Committee. e
ac.
principles of commerce by his vote, nowithstanding he con. . called for.)" -
timed he felt deoply the distress in which the altered eircutue alr.
general sys• ready to give an account of their issues, but it ye"
ELLICE would say a very few worth in reply. He had Bank in the present state of public embarrassment ?A ~,, ..00,.
stances of .our iiresent course of trade had involved many who not proposed the motion with a view to change the
now flocked about their done and implored the interference of tens of commercial policy, nor had it entered into his contemPla. much to recite* from the Bank a regular explananeene„oing On,
the House with a patience which reflected On themselves the don, •or lie believed into the contemplation of the Petitioners, Lord ALTHORPE thought that the principle °f it,) IP
highest credit, and entitled their application to the most humane that they could be charged With wishing the prohibition to the Bank, to publish a monthly report of ahe issue 0
consideration. . ' ,
he eternal. ' lie. was quite certain that at the public meet. notes, should extend to higher notes. he coo°
Mr. PETER MOORE collo:titled in favour of the motion. ings which he had attended, no such thought was expressed Mr. HUSKISSON was sure, when the Bank sawf do its
Time various classes interested in the silk trade, although they by any body. It was upon very different grounds that lie of exchange vary as it did every week,. that it wouldecor"
had fi-equently and widely differed upon many occasions, were had.brought forward the motion ; and he wished now to state duty in regulating their issues according to tire rate ot c.. of at-
unanimous upon the present. . They, all. without exception, the grounds on which he thought the petitioners had a fair (which wits, lie thought, theonly criterion of an excesZ
thought that the adMidaiOn of French silks would be destruc. claim to the consideration of' the House. They wished to gain eulationli without forcing them to publish suds a Mier'
dye to the proverhy, and (Wen tO bestst, of' the British time, as the evidence given before the Cothmittee had been Lord A LTItt)ItPE explained. nenk Of
manufacture. Ile knew upon the authority that if the ie. sufficient. They had sent competent persons into• France for Mr. CALURAPT did not wish to press on the e'", if the'
tenth-si measure took t: fleet, the great majority of .the manufac- the purpose of observing the
.present state of' the French menu- measure which would incommode them • but be thouith _ sou
Curers would withdraw their capitals from the beeinesi ; and. factory, and much new and' important evidence had been col- Bank acceded to publishing a monthly report of tn'netess.:
he wanted to know what was then to becoine of the 500,000 lected. The lion. Gentleman had no hope of the success of his of 11. notes, that the extensurn of publishing a report °f ile
people they employed ? He contended that it was the first motion, yet he would think it his duty, to take the sense of the of higher value, would not incommode them any rime', abbe:
tittty of the Government to find emploYment for the people. House upon it. lie had received the strongestassurances front thought it better for the Bank to make known to aueoltate of
The admission of foreign silks, he was Persuaded, would reduce the manufacturers, that if the House were to appoint a Corn- ( withf,whoni they had so extensive a connexion) to ,
the city lie represtaed to a collection of poor homier:, Mitteet they would itnmetliately set their men at work; con. their affairs, and, not involve them in any mysterY• , e erinciPle-
Dlr. EGERTON was anxious to go into the committee, as tiding in the justice and wisdom of Parliament. The Right Mr. PEARSE opposed the amendment upon t"ite wets'
many petitions had. been presented from the county lie rept°. Honourable Gentlemen had employed an argument which he of there being no mystery on the part of' the Bank.
vented ; but if the petitioners did not melte out their case in the felt disposed to carry a little'further than he had carried it.— actions, he said, were perfectly known to the üblic. „tight-
Committee, they should not have his support. • - His argument was that the duties which would be received on Mr. J. SMITH opposed the amendment, because be t,"
• • Mr. PALMER, in trinaidot speech, stated that lie had, after the importation of foreign silk would be sufficient I° maintain it would be very prejudicial to the country..
ci'ons the HP
great hesitation, determined to oppose die motion. He had all the silk weavers that would be thrown out of' employ, The Mr. HUME was surprised at what had fallen %lea. (and no"
formed this determigation with reluctance, as some of his con. extension he would give to this argument was to apply' it Member. lie thought if secresy had done filialut was epic°.
stitueuts were connected with the silk manufacture ; but so also to the corn trade, Rival ma,nufactories were springing ua body could deny that it had not), this amendneenni.sn .
~.
strong an impression liad been Made on his mind by the speech in various parts of the world, and if that worst of ell restrictions laced to do good. Why should the Bank of lei.
__(l,P:ore
of the Right Honourable Gentleman last night, that he now felt the restriction upon the importation of corn was continued, the cepted front the system upon which all the forPign nan!'stao
it is duty to vote as he hut) stated. He hadl3een by that speech consegnencea to the manufactures and commerce of the country conducted. The banks of France,
Into ' ' awakened to the danger, that by goinga Conimutee they would be fatal.. Tlie flan. Gentleman concluded by expressing lished an account of their issues. wee
tendment
might, instead of doing; good, do very material harm. He was hie hope that Ministers would line no time, in the event of his Mr. MABERLY wished.to know why his An
suer..
averse to the excitement of. fallacious bores, and apprehended motion being lost, before they brought down all the details con. objected to, if the Bank diecianned all atfemPts` at I",,nd chef
that the desired inquiry. would rather hold out tot inducement netted with the subject ;so that the .manufaeturers might know The fact was that it would expose their proceedings, iviir 1,,
to employers to ditto/teal than to increase-the number of their accurately what they had to expect. It was important to them were very averse totheir b ' le public.--(1103 ," a citli
tang mat blic, an e
hands. , to know what reduction was intended to be made in the duties The Bank was making a deal of money by the pu
theft
.
. Mr. Secretary CANNING rose—Afteer the appeal made cx. upon dyeing materiels ; what reduction, if any, of the duty on' should they offer any resistance---why objeq to u
thew 1107stion
preisly to liiin by the Honourable Member fur Coventry, he soap, a most important article in the manufacture ; and also ings being known?—(Hear; hear! )—lfe thought d e 3iiesieti•
thought it his duty. wore the close of the debate, to state what was intended to be done with respect to thrown bilk. On of stichith . . that I should rocs the H
portancehe 1 . 0113 e tO ' .., NO'
America, anti others, r
fairly, but he would state as shortly ae lie could, the views these points the speediest information was to be desired.
1 ; but thate ht
he caLtrtait:ed Uptal the subject., After the mullet' in which 'The House then divided.-. setl,li would be better if it were done quick Y lie the il,ie
the subject in all its the
had. been trotted 14 his Right For the Motion . - - - e 40 for one should not vote for tha Amendment, be
~ cause - foln -
i the
Honourable Priend, in a speech which
were
have afforded Against it - - - - - 222 eniotee ,
the-principle was bad. They mighe tta well 1 by
Alderman THOMPSON thought that if the Bill sceri be
the highest satisfaction to ,those who were already convinced, Majority against the Motion --.182
mid him, carried conviction to the minds of those who still SalA LI, NOTES BILL. Mr. HOBHOUSE thought that the provision Pr.,vent ,I_°,
,
Will Caleulate4 I"
melon 143 a thee:
canon of the discounts they inade da —Mese ./ eeeosed
t.i_
doubted_after that ....wee, he would nee, as it regarded him- Mr. CALCRAFT, having given notice of his intention to the Hon. Member (Mr. alaberly)
self, display the bazt.,,, nor, as regarded the llouse, be move in Committee upon the Sinall Notes Bill that Country failure of many country banks. Ile was also of f.PP:ortanc`e
guilty of the obtrusion of attemptingto discuss all the details thinkers should be allowea it concurrentprivilege „ .
tune, ' .
of due vast subject. Bet,. at the same lie felt that he Bank of England to take their notes to be stamped until 'the He thought die House shoold adjourn, unless „tart, for one
with the the Bill should pass soon, as it was a Matter of Inuah oncieedeino,
Wettild not -do his dui to the country; to himself or to his, llith of October, rose to state his motive in submitting that pro- intended to remain all night; he was very wil-"'
Right Hon. colleague, dooming lea him, a sustain the position to the Hopse. The object was to prevail upon Perlis- do so. till%
roglet of tile debt", if be did not elaiin his full share of the re-- ment 46"abe* some confidence in country bankers. Although Mr. R. GORDON supported the amendment- , oess .
sponsibility. After the attiti:ks which had been made upen the: lie had voted in favour of the measure to give the Bank of Mr. MONCK hoped:the House would not onlf r
proclaim' 'Miami adhe. England due' tower of' stamping notes until the 10th of Octo.the $3l"
moet selutary principles, lie felt bound to
zerice
. ~ tOfbenit and his readiness to take his full slieloof responeJ her, still ,he knew those notes would be received with re- effect, as far rdedcountry bankers. ed:let/111'
as retga
. ,
SibilitY ft 4 tile onset-I-tient:oS tiley Ipigit_piOdilec. In respeceso luctance in , different parts of the country. Unless the air. Hie= wished to enforce his mown ceeiness 7,, tile
amendment but would also introduce another
the motion heroic the House, he agreed with the lion. Goo.? tountrY bankers were allowed also to circulate their intent, as he saw that there was still so Mitch weeThbottir ele
who lied spoken this night for the first time, and in a manner small notes, there would be a great interruption in the eireula- and it was then too late an hour to think of ii. 1h: ace'
which promised that he would do honour to the station to which don of bank paper currency. His hope was that the Right _ House was not aware that he had five ;Wises t° 'n
to