The Sun.
London, England, 1818-04-10 00:00:00

MOCK AUCTIONS.

Mr. Alderman ATKINS moved the second reaching of the
Muck Auction Bill; hut, at the. sug,,estion of Mr. LUSLIING-
TON, the second reading, was postponid till Tuesday.
The Irish Privately:. stealing' Bill went through a foot-
tnittee, the Report •of which was ordered to be received to-
morrow. • •

BANK RESTRICTION AND COUNTRY, BANKERS'

NOTES.

The floirse having resolved itself into a Com-
mittee ou the Bank Restriction and Private Note
Act,
The CHANCELLOR of the EXCHEQUER, not hav-
ing formed a decided opinion in the early part of
the Session whether or Dot it would be proper for
the Bankl to resume cash.payments in the course
of the current year, had been anxious to postpone
the consideration of the question to as late
period. as he could; With due regard to the conve-
nience of the House, taking care that it should
not be brought forward when a good attendance
could not be-obtained ; and he .had expec(ed that
before the present- time intelligence would have
been received that-would have established'the pro-
priety of retorningto cash payments, or that cir-
cumstances of such insuperable difficulty would
have .arisen as•would at once have .decided the
question, and satisfied the Reuse: what•.course
they were bound in duty to pursue. At present,
he. certainly had nothing of this nature to urge;
hut, at •the sante time, he must submit to. the.
House, however reluctantly, that it would not,
accord with the public convenience 'that the
Bank should return' to cash payments at a very
early period of the preseu.t year. To explain the
view :he, took Of this question, it Was peceisary
that he shrink! 1)1104 advert to the course which
had been pursued with respect to the Bank Re-
striction_ Act in former years. That mea-
sure, first adopted , during the war against the
French Revolutionists, had been . renewed at
different Periods down to the Year 1816, when
an Act was passed for restricting the Bank-
from paying their notes in cash for two years, it;
being then understood that when. these twO years
had elapsed the Bank "Should positively rettirn to
cash paythentsohe two years being allowed them
to prepare for doing so. To spew
was
had'
been the prOI)O
ility of doing this,'it neees-
-sary • refer to those Political events by.
which the ex,:langes had 'been effected' of
years. The House would recollect that, preitlus
to the return of the French army from Russia, at

the latter end of 1812, and the beginning of 1813,
the price of gold rose .to 5/. 10s.. per oz:, while
the price of silver,in -dollars was 6s. ,per. oz. It
was impossible, at such a time, to restore theme-
tallic currency_ Any effort to do this must have
been unavailing, as gold and'silver issued from the
Mint would have been Melted. dowl-t, and•put•outllf
circulation as sob~ as it was sent abroad. - FroM
the period at whirl thellench armies were cow,-
pelled to leave Russia, and retire into Germany,
tavourable issue to the contest was foreseen, and,
as might naturally be expected, the exchanges be-
came favourable to this country. In the course
of the year 1814, when the 'Allies were enabled to
enter the city of Paris, the price of gold fell to 51
the ounce, and subsequently declined below
.4/.
10s. There was every appearance of its contiou-
ing to fail, when the unfortunate events of the
'text Spring occurring, brought again upon us all
the calamities of war. This,' of course, inter-
rupted the favourable tort of the exchanges, and
after. the return of Buonaparte in 1815, gold rose
agairi from 41. Gs. 6d. to 51. 7s. • It was then ob-
vious that a return to cash payments then was as
impracticable as it had been in the former war.—
For that time, therefore, the idea was abandoned,
as it was seen it must be wholly unavailing. In
1816, when peace had been again restored, the
resumption of cash payments by the Bank was
then postponed for -two years, till the sth of
July, 1818. From that time the Bank had taken
every precaution, and adopted every measure, that
promised to enab!e them to comply with the wish
of Parliament, by resuming their cash payments
at • the" apphinted time. -By way. of ' experiment
they, in the last year, had [wide a partial pay-
ment. They offered to pay a certain description
of their notes, tire amount
_of which was bitt
small, not exceeding 1,000,0001. The effect was
what had been foreseen. The public were so far
from being .anxious for a return to cash payments,
that the amount of the notes presented was so
small as to he of no consequence whatever. At
this time the price of gold bullion was little above
the Mint price, being but 31. 18s. 10d. per oz.
while silver was actually below the Mint price,
being but 4s. 10d. the_ounce. To exemplify his
ar'gunlent he must be _allowed to state one fact.
When the exchange of new silver for the old was
to take place, a large sum in new silver had been
sent down t(') Scotland. After all the old silver
had been exchanged for new, there remained- in
the possession of the Bank (the Royal-Bank, be
believed) of Scotland, the,stim of 7,0001. This-it
was thought desirable to retain, and it had been
asked as wfavour that gold might be sent to Lon-
don for it instead of Bank notes. He could bring
many other circtimstances forward of a similar clia-
racter, to prove how little anxious the public
had been for a yeturn_ to a metallic currency.—
The Bank, after the first experiment which he
bad mentioned, had made another on a snore ex 7
tended scale, by offering- to pay all- their notes
issued before the year 1817. But circumstances
were now changed. It .was not wanted to put
gold in circulation, but the foreign exchanges
were different from what they had been, and the
result of this second experiment was not like that
of the former.. Froni a Return before the I-lonse.
it appeared, and he might therefore now•mention
the fact, that no less than 2,600,0001. had been
paid in cash by the:Aank for their ootstanding
notes ; and it was a• notorious fact, of the im-
mense sum issued in gold, hatally any. part of it
_remained in circidation. Such, he was satisfied,
would have been the case had the Bank fornially
resumed cash payments in the last year ; and he
stated this to sinew hinv unadvisedly they would
act in taking such a step at an improper time. The
same objection which might have been urged -in
the last year against the resomption of.'cash pay-
ments, might .at present be orgetf With some ag-.
gravation.from the altered situation of things In
1816 there bad been a bad-harrestoind the harvest
of 1817 had not been more than •an average one.
These circumstances- were unfavourable, and to
these something -might be added 'for the emigra-
tions which had taken place, lo account for the
state of the EXchauges. The number of 'per-
sons, however, who had left England to reside
'abroad, was by no means so great as had
been supposed. From a return which lie held
in his hand, it appeared that the number of per-
sons who had sailed from Dover to the Continent
(to which the principal emigrations had taken
place), amounted, front the year 1814 up to the
24th of February, to upwards of 90,200. The
number that had returned was 77,530, •About
12,700 might, therefore, remain abroad. lie stat-
ed this to4shew that the emigrations which had
taken place afforded no just groundsr -for alarm,
and to prove the opinion entertained, that no,
fewer than 40,000 persons had so left the coun-
try, was unfounded. Supposing these 12,700 per-
sons to, average an annual expenditure of 2001,
each,, which was a large sum to take. as the
.aver-
age, the money' thus spent out of the country
would not exceed two millions anti a balf,-and
would not be seriously felt, thoughlt -night con-.
tribute in sortie degree to make the exchanges -un-
favourable.- But another circumstance of a dif-
ferent• nature, and most extraordinary • in , its
character, had ._occurred.._ He alluded to. the,
negociations which bad
_taken place within the-
last two years for loans in this.country.for' the
service of Foreign Powers:. In-1815- a. loan .was
raised for the French Gavernmear, amounting to
about 5,000,0001. sterling, and stib:e.quena loans
had.rnatle the: total amount 27,000,0001. he
effect of the had'been -to depress-the exchanges,
while the price of gold had Advanced from,3l. 17s.
3d. to 41. 2s. 6d. Such had been the effect of
these loans, though be bad every reason to be-
lieve that the individuals whoadvaneedahtni, had
they. conceived them to :be injurious. to their,
country, would .by no, means-havebeen'concerned
in them. Tliey, however, had a: legal right to
dispose of their property as, they pleased for
their own advantage, and the -Government,
in such• a case, had no right in any way to
interfere. So those who had emigrated had a
right to leave, the country, and probably would
not have gone abroad bad they thought they
'should' in any- way injure it'; but the 'practical
effect of:what had been done was to take annually
two millions And a half out of the country. In
threourSe of the present yiar loans had been ne-
gociated for to the amount of 12,000,0001. But
for these he should
_hardly have felt biLuselt

fr

Justified in calling on the House to atopt any -r
traordinary measure with respect to th,e
culating medium of the country. 'file nr,,i-
must be aware, that bf'the Treaty of r,';
the Allied Army might be 4ithdrawoVi at
r
France at the 4se of the •,present *Ye1115,.•
might be continu7d' there fOr4Wo years_ luoge';10
the latter case, it might bXealculated that.tv
French Government would Want a new loan to
o 5
amount of 20,000,000/. to meet theexne'hs
which they would have to defray; and in stioi
-case a resumption of. cash payments by the Bled
of England would be most injurious. He..stsiit
this to prove that it was not from any thing le
the Internal state of the country that he was
sirous of contidiliug for some time longer lo
Bank Restriction Act in force.- Internally ibef,r
was no daoger, but it was necessary to, proviAneat
ao unfavourable state of the eiehauges, 811"
question on (eh-kb the House' had to decide rvi
this, whether the inconveniences that -would Pa,
front a resumption ot cash payments at an ir°P,ro
per' suoinent, (lid
,not greatly Out weigh those tja
would result from, its temporary prolongatil'
would hardly be thougi,t by any one advisable
the Bank to ressime cash payments tinder Cl'e'llot
stances extremel sintilar to those iu ,:mf
Restrietion'Act was resorted to. He coafiue,'-e
anticipated the_ opinion of -the House wouhltb;
that they ought to take such -a course. 'l°;'lreetil
that the cireitmstances of the.two ;ieriods thi;el44
he would 'read certain' documents .to theol• t
Df
then read a Reaoloticm come ti by the Cnitri• b
Directors at the Bank, Sept. 13, 1795, i":naleig,
they declared, that should anew loan of 3,00,7,0
be granted to the Emperor, they were of "I)",'t
from the actual effects of the fdrtner loan, 3,id
drain of bullion...might be expected, which wt'a
.afford cogent-'reasons for apprehending the 1:11:)ey
alarming consequences. at 'Feb. 11, 1796' -de
came to. a resolution still stronger,irwhichtheYleil
dared, "That it is the opinion of this Court,loni"
on the effects of the last Imperial Loan, that ,Ver
further Loan granted to the_Emperor, or any ",101
Foreign State, will 'in. ali probability prove 'lO
to the Bank of England ; and we theretelel'it
protest against any such -Me"asure, and shoni'
be adopted, disclaim all responsibility for -theebe
latnities which may- follow thereon." He trait
se
be asked, ifotir return to a metallic currency
to depend (you the. -arrangements of 11)je•ja‘
Powers ? He would reply to this and sn'''ai
questions, that- we ought not to 'return to c'3los
payments till we could do it securely, B"(lt.it
moment would he' very chOsen for do-insrai:
when 'the circumstances of the -country were si—jott
lar to those which marked the period %viletli-iat
Bank Restriction Act was first- resorted t°'
tag
it might be said, the Loans which precede" 'tte
Bank .Restrictiorr Act were guaranteed by ce
Government. He admitted there.was a dler'eiir
between such LoanS'and Loans like those "'te,
negociated or pow-- negociating. This, b°44:'ec n(1
was not so important as might be supPosiol
was more than Made up for by the diffel'el(.'ee,,n,
the amount of the luaus. The Iloperh4
rt
referred to by the Bank 'Directors, had _am"l'rit
to foot millions and dhalf ; that agitiOst
they protested was intended not to exeee" I
millions. The last Loan raised for
amounted to twelve millions. The total ortiotitrtt
}e
of the loans raised for her in this countyy fiti"htige
taken let 30,000.0001., while.a. loan of 5,061-T.llri%a
for the service of Prussia was undrestood °of
in contemplation, and there were no gr""4"lstae,
supposing capital- to be ,so abundant elseatltnd
that could be,raised in any other-country,- 4,0
thus the drain opon Engl=and waS Ilkelytohe fie
all proportion greater than in 1795 and 1796' the
repeated it was not from the internal State of
country, fur the Bank were ready to 11%e,
cash, but froth external cit cionst tuces rn
that he wished the Bank Restriction Art
oree
continue in lot-6e some time longer.
sent he should propose to enritintie thte
Restriction Act its force till the stti tire
He bad stated thus much to pave the waY dtO
introduction' of another measure which he
propose, which had for its-object-to give !be' tijao
try a more secure paper circidatina medit"" Aver
it had ever possessed before. He Wished the roe-
io circulation
,to- be convertible into cash e rest
pleasure of the holder, and the Elouse,o4'.`
assured the Batik were as anxious to
as they could be. He wished the count'Y
rally to have a better paper correneY
it had hitherto had. The most .convenlenl %E."
rency that a nation had, was that which CO'ter
ed of a mixture of paper and metal. The VI?
Should be large in its 'amount, -but yet
cured that the holder of it should have the s9.!sa
reliance -on its intrinsic value that he Would lolls
on the precious metals themselves. To effect d'
Various plans had been suggested, by giviotil„, it
rities on laud and. other securities, but I°too. Olt=
appeared that these were.ohjectionahle- /„
uncertainty attending them. • He \ nr°r,hB piehc
found a 'paper currency. on that vvh'e" 40t710
certainly vary somettii4gin irs value, but 0011
a very -great extent—he meant funded p();-
,
i
I-lad this been tried when our futulingsYstiew agi
first established, we should have, proballi,Y; °roe
had as- perfect a.corrency as-any nation e°"“'',,iacr
sess. It, 'on the' first loans being raised', Vi7ea
money bad been issued, founded on then','•ithitge
could be no doubt that gold and silver vv°l-"6froo
continued to circulate with them. At present,
cur
no such regulition having been adopted" "r
is
tency was by no means equal in different Par 104
the cottony. In Scotland no inconvenieqeet
ever been felt from the c
paper currency. in I°lo
.11111 d, and still -more in 'lreland, he, wos sorloo
say, such was not the case.- He %cola, not
large on the many inconveniences which bad boa
telt, as with these every Gentleman must .he
f
miliar. He: meant to propose that tie' roe
vate Banker should be permitted 1" "s':l3
Notes for smaller sums. than 51. after toe,
of July, 1820, but oh stock deposited es- seetl„jitll
for the same. He did not propose to interfere
the Bank of England, as he considered the/ g
already that security to their creditor ‘virich tae
was about to require of the private bankert:ich
the great mass of Government' securities W
they held afforded complete protection t°
holders of their notes. He should prppoie'?
he
after tbe,sth of July, 1820; nci note shoul"s.tar
issued by a country or private banker fora ii,ol
under Ave poundsA but on double the "fp.

so IP,
)fijillBl

a,4tount in stock of the sums thus issued eing
nenasited as security- for their payment, o Vix"
elo
'egoer Bills to the mri same aoet as the 'tars.
e,„ m.
nut---.7 oaoker, therefore, meaning, to issue mall
.1 would he required, after the sth otioly,
-oB2°, to forw• i to the Commissioners ft the
—etltta nio of dirt National Debt, Exchequeßills
I.„''..ttl.)alnuotnitut of the small notiel-ssfeirsssut(eircik.
ttoo :I;iyt
bloc
""e
all: Ito the Bank, or to transfer s 1
sw., I►neut.1►neut. When thew notes 1.. onl:litit::ie
titsie-
, they would bear on them, in act i i
'"1,1,41! Stamps, an attestation of dive teems lav-
e,iii. been corn lied with, executed insuch a Ilan
7me- tact it COUld not easily he imita'erl. This, it
tfuee,i4r.etl to him,- would affortlyerfct secoarintyoptu_r
it,sir "'tiers of them. 'lwo objectionsof
h; te character had been urged o ',lin against
0ti,.4. Plan. He had been told that tlis wand( cause
t:
lie"blhcrease of paper money as vat as our.l
.n.,lt
ilii 1. He would answer this by saying, Itre:,::
ti I),,c)ssible that the paper throvn into ci
giveni
44. """1d he greater where security wast
re.
itial" Where no security was gven. A
Ilca.
s to the Banker issued notes at his
a bi I
the
tiellt,-,:, and his issues were ooh limited
then of the public to receive tt vyvitu.eiteu
ke:,et becarne excessive. He cootl not think_ortce
he.t.r.ei(l he proposed Would came them to f
11l „P,aPer more than they coon do at pr.e)sit:not...
DAT,e -leer objection was, that tin circulatu
,ro_l
fiti.oedte"l'ler 5/. in value was not sufficiently
I the
telas- t" engage the Banker to issue it on
that
thio, -IProposed at all. He was of „pinion,
sma._
noteslli.llie Banker would prefer issuing ll watt, . .
~T 4 Le onut giving security,
lire
°lihr still issue as maay (complying with
lie lir"Posed conditions) as the wants of the, pub-
‘stare(l:6red ; and the superior character o. these
Ps Ps;,:ti"es Would serve him as well. as c
the
aura'''lli.3 larger notes, as he vv, o, nit l
bins,st u l l le:scsaeespstis
ialln
'brae ntages the law ever ga.e.
would
be
tat, Particular instances, and nothing
Ile4,,front hin x hick he had any right to claim.
' Itio 1 ' s i Lan proceeded
to
Iliel, 1,1., 't Hollowable Gent en
t'f tallness of this arrangement by a series
1%,:"Ilar arguments. One consequence of the
eons;,Which to hint appeared an arival‘l.l,a,,-;eteo:l3.
tietie,"ence, would he this: it would have _ ,'
ilig 'or') engage men of large property m bane-
l'''ha ens. and to exclude others f.rom them
ttn.rt e°'dd not give the required sectotty.
gfiodney thus given to the country would. b'en as
Ilti that, 6.n01d well be desired, for he a •
tat,' would wish for a metallic currency, to the
felt exclusion of paper money. It
4,4" MettombrauCe to be obliged to
sponlye
~laiu..
woauld
and
Per nt all sums of money in cash. .
'tie gal„ to be reraineo, but this in its
tiontrin-
lae-41"e ought to be brought as close
l whtichtet
I)e,'lttesauvtals as possible. The
etlatt',°,w siiggested wonld save the lupoildne.r
lofroa_
lid,"'Y time front suffering through any
it, :It saecolatiotm of the Bankers, and HI
wouldP
it
lves
404;44 lustances save the Bankers. themselves
'IN e"aging, in such improvident spe.e
notl ti a, • 6 The meastire be had stated wouldhere.
fore letlect till July 1820, and they woult‘iv,ts
cal_
e..."lata'ad'tntwo years to prepare for it.
"iout4 I'll'4 the notes used by countryit Bankers.a
w°lll .Ist 'fur two years without being too much
14 1)1it,.? i ill erefr,re any notes issued after this
14,1,`,:xtevinott-.'' oel issued with notice of the proposed
i,, "ILI h, IC and the notes' already in circulation..
-ato „fr.:. worn out before the plan was carried
sti,t:l!);,,a7t,,,,tt.;l:oolllthlat
inlto inconvenience could Pns"
of due notice to enable
ky ry Itmkvrs ''t.oa regulate their proceedings._ kgic.""toming the restriction rupon , the Bank of
,tlee,:llll.for one. year longer, every thing else coo .
et- (' th the
i . liteserv,, circulation
footing, and any
1444, to on its present,
The
Ire ~us shock would be prevented. The
,mtensta-.
ken . liich he m posed would be an efflc
_til tle4'tY against-I
tri'mie over-issue of pal'e"., ."" ,
lii),,:t.(4e ii Was so far sate from the objec.,-;
41
1)1..
til"'egained so much dread o
t exei,ss who ewe'
~,iv. ut paper currency. 'At the same time,
Is relief
''l, illg 4 secure currency, it would ...e al
l'lttiell"ldie w hieh could not be obtained 'Y r,e-
-itil: to k metallic circulation, with all the un-
‘4l-.""ces that attend it. The two measures
e ' lie
Li'atexioc was about to propose had a strong
each other;
a ,ii t, and VyOnid mutually assist - • )0..,
111' v: i'vst'iction by being continued for al .
lue "it an , . 1""t"
-ki
-'4'
W"id '.
•-• t the circulation from stil-
1, '., sodden change.lt would
tt, eees,.
II city that much attention should be given
1114„le arrangemeut of the various parts of the
:liteiiPeclittg Ulu issues of Country Banks, and
'" lit feet'
that every precaor ion should be taken
41 ttle,etit time public being exposed to impositions.
14*iiettne samps. With respect to the way in
eetl tii'e intemests of Country Bankers would be
'''' 11:(t by his plan. it was perfectly satisfactory ;
'''ll 1-, eia;culmted that it would afford them an ad-
I titlt) 1,4; Profit Of two or three per cent. beyond
:414,..'1tteh they would be entitled to on time diei-
41trI(''. the Stock. For the present,he would not
:111 billitl'et jot° t he sumhject ,but would reserve him..
Fik, - 4ns‘, .
, lati %el any objections
-i4y, "n% as to the plan which might be neces.
lit, Th.. • !' m r 1 r observa-
i, ", 1 itetore, wonout any ,urt le .
.'
NR le
1110Vell two Resolutions :--4` First, 'That
Il'eafilti,l'e ()pillion of the Committee, that leave
,e!'ilt.,‘, "e given to bring in a Bill, authorizing the
""I:t.4nce of the Bank Restriction Act for a
" brii° be limited. • Second, That leave be given
441 1111 in a Bill to authorise Bankers in England
(.11rit e""d to issue Promissory Notes, on the se-
I'''tillY, (:)f Stock 'ill time Public Funds or other Go-
Al,tsit Seco' ities."
111 o i: TlP•lttvev said, that the great importance
l'er ~, Plan must make it impossible for any Meal-
tha -,()"ce to offer observations upon it; for al-
tlit'u it had been clearly and distinctly stated by
t‘ v 'halicellor of the Exchequer, yet it involved
ht.t
,1 kuti,. of the most important questions, and
Ile et' out into many art angements of a new
lite peen out
nature. But he must observe, that
Itltieb4"se was' called upon to adopt this plan,
01 Ili • would effect at) enttre change in the system
1)04 e rorrency of the country, not upon the re-
eith,:o. recom meodation of a Committee, but
3,,y- "t any Committee on the subject—without
4(ll,eePtevious inquiry whatever—on the mere
kt 4 ' of the Chancellor of the Exchequer—
its,stho'll`'iee. too, he it remembered, given—con-
'lie given, in direct contradiction to all
Previous predictions. It was proposed to

make an entire change in the circulation, and also
to continue the Bank Restriction Act.—Whe-
ther the design of the first of these proposed
measures was.to sweep away front circulation the
whole Country Bank paper, and to substitute in
its room the paper of the Bank of England, or
whether the object was to promote and increase
the circulation of country bank paper. lie declared
he was utterly' at a loss to guess. 'But at least it
was pretty clear in the outset that no great favour
was intended towards the country hankers. The
hardship was, that by one word from the Chan-
cellor of the Exchequer, the character of the
whole country bankers in the kingdom was to be
tainted for two years. No man was more disposed
than himselfro blame the excessive issue of paperby
country banks; but certainly lie had always consi-
dered the moderate circulation of that species of a
currency as a national benefit ; and up to this
night lie had all along heard the Chancellor of the
Exchequer speak highly of the advantages which
the public derived from country banks. But now
all at once the Right Hon. Gentleman changed
his tone when talking of these establishments. It'
seemed that they were not (according to his plan)
to be allowed to issue small notes unless they de-
posited secto ity either in Stock or Exchequer Bills,
for the amount of their issues. But it was very
plain to him that no One would give. security in
sock, and that for the very reason stated by the
Chancellor of the Exchequer. For it they wished
to have 1001. worth of small notes, the value of
the stock which they would be obliged to give as
a security, would, according to the price which
stock might then be expecte4 to bear, amount pro-
bably to 2001.; and even at the present price, would
be no less than 1601. It was therefore clear enough
that no security was likely to be _given in stock.
Perhaps however he would beanswered by its being
said that if they did not choose to give the security
in stock they might give it in Exchequer Bills.
Very true ; and if he understood the plan, the
notes to be issued on such security would bear a
stamp, denoting that the security f •r them was to
be 'wind in Exchequer Bills—and if so, then he
would be glad to know in what respect the circu-
lation of notes tr.oi .eg a stamp of that kind would
differ from a citeulation of Exchequer Bills ? One
other observation as to this plan, and he was done.
It w..s proposed that five pound notes, and all
others for larger sums, were to rest on the indivi-
dual security of the Banker who issued rhea.—
Now, C;is was plainly an injury to the Banker,
because all such notes would be driven out of
circulac ion ; for who would take a five pound note
on the sole security of a private banker, when he
might have five one pound notes secured by Bank
Stock or Exchequer Bills It was idle to sup-
pose that five pound notes would circulate
under such disadvantages. A man mast be
really out of his senses who would take them
when he could get the others. So much
for the present, as to the merits of the
plan now brought forward. How long this
plan had been in agitation, or when it had been'
resolved upon, or to %slot others it had been pre-
ferred, was not stated. But he believed the Right
Hon. Gentleman could not deny that another
plan had not only been in agitation but actually
resolved on, although upon the advice of some
skilful persons it had been drought necessary to
abandon it.. He alluded to the much-talked-of
project of Stock Debentures. These were now
quite given up. But, de mortals nil nisi bonzini ;
therefore lie would say no more about the De-
benture plan, for it was now dead anti gone.—
But as to the plan now propoed, it deserved the
most serious consideration. lt could not he satis-
factory to that class of personS whose interests
were chiefly concerned, that it should 'be de-
cided upon merely on debates, without a re-
gular inquiry upon the subject. It was true,
the plan was not to be carried into execution
for two years. And 'as to this; he must say,
that he looked with much jealousy on the plan.—
Why was the House called upon-now to approve
a plan which was not to he acted upon till two.
years hence ? The only reason which had been
given was, that it would be inconvenient to coun-
try bankers, as it would affect their issues, unless
they had so long a notice, as by the time the plan
was carried ietta execution all the notes now in
circulation would be worn out. If there was any,
force in this reason, it tended only to this, that the
notes on the new plan most be new notes issued
for the purpose. But he really could not see why
it would not answer quite as well to have the old
notes stamped ; for if they had the stamp, they
would be just of the same value, whether new or
old ; and if this was the case, the force of the
reason waS gone. Upon the whole, the question
was one of too much importance to be decided on -
without an inquiry by means of a Committee.
Therefore, if the Chancellor of the Exchequer
would not agree to appoint a Committee, he
should feel it his duty to move that one
should be appointed. The next proposal of the
Right Honourable Gentleman related to restrain-
ing the Bank. In submitting this proposal, the
Right Hon. Gentleman seemed to express himself
with some embarrassment, and said that he had
hitherto hoped that something might have occur-
red to enable the Bank to resume cash payments.
As to this he could only say, that when in the
beginning of this Session the Right Honourable
Gentleman expressed a doubt whether the Bank
would be able this year to resume cash payments,
it was quite certain they would not be resumed—
and from the moment the doubt found its- way
into the Right Hon. Gentleman's mind, from that
moment all- doubts were removed from the mind
of every other person. Then came the old story,
that next year the Bank would certainly be able
to resume its payments. On this the Right Hon.
Gentleman's assertions were quite positive ; but
with all due civility, he must take leave to say,
that he did not believe. one word of it.. This was
what had been said all along. One other yetir
was always to be the last. Bat if the restriction
was continued, as ti6w proposed, for one other
year, it was quite evident that next year the
Right Honourable Gentleman would come for-
ward with the best possible reason, and call for
one year more, and would ask the House how
they could think of the resumption of cash pay-
. silents then,
_when in a year the fine new plan
was to be carried into effect ; so that, in short, no
man of decent habits would be able to refuse the
,`continuance for the other year. But thou, - the

Chancellor of the Exchequer declared that he was
now perfectly sincere, and said he could answer for
the sincerity of the Bank. As to this, he believed
that the Bank was just as sincere in its wishes for
resuming cash payments as the Right Hoe. Gen-
tleman. But then, the Bank existed only for the
purpose of making profits ; and the great source
of these profits was the circulation of its paper.
In short, the Batik never would resume cash pay-
Anesits until it was forced to do so by the House.
The Right Honourable Gentleman knew that
he trembled to think what would
.happen if
the restriction was removed—he knew the im-
mense variation which it would occasion in the
price of almost every commodity. The true test
of the sincerity of the Bank was its measures.
Now it was notorious, from the returns presented
to the House, that the Bank, instead of preparing
of late years, as it ought to have done, for the re-
sumption of cash payments, by diminishing the.
amount of ita issues, had increased those issues
to no less than two millions and a half more titan
the greatest amount of its issues at any former
period—and this too when it was admitted on all
hands that the proper preparation for cash pay-
ments was a gradual diminution of the paper cur-
rency. The truth was, that bet weer the Batik
and the Chanceller of the Exchequer there
were mutual accommodations. The Bank made
advances- to the. Chancellor of the Exchequer,
and so enabled him to make flourishing speeches
about the low rate of interest ; and while lie
matte flourishing speeches they made flourishing
.profita. On the present occasion the Right (lint.
Gentleman had told the House all that happened
27 or 2S years ago, and even so tar back as the
time of King• William, and so downwards to the
present time. But what he (Mr. T.) wished to
know, was not what had happened, but what was
,to happen after the Ist of July next. As to what
was said about the foreign loans, he could not
look upon it as in any degree satisfactory. Speak-
lug at present merely from' general recollection,
he could not agree that such loans affected the
price of bullion. Even the Austrian loan had not
raised the ,price of gold ; and the thing which
had affected the price of that metal most mate-
rially was the landing of a small body of French
in Wales. But the Right Hon. Gentleman
tried to persuade the House that there was among
the public an absolute abhorrence of gold as a
carrency, and that Bank Notes were preferred
as more convenient. But it was necessary to
make out some case for the House, and therefore
the Right Hon. Gentleman gave a-list of all the
persons who had gone out of the country, and
made out, that of those who went abroad 12,000
had remained, and that those drew from the coun-
try annually 2,500,0001., which, by the bye, was
a very large calculation. And then so much was
said about the foreign loans, aed how the Bank
could not possibly resume its payments in cash
till those loans were adjusted. As to the amount
of those loans, nothing was known by the House
but what the Right Hon. Gentleman was pleased
to tell them. What be (Mr. T.) wished to know.
was, the amount of money which these loans
would really he the means of removing front the
country ; and as to this, he would not consent
to take the word of the Chancellor of thti
Exchequer, who could only make a vague
estimate of it. What the House ought to
insist upon was the appointment of a Commit-
tee to ,investigate and ascertain the truth with
respect to this most important point. Would the
Right Hon. Gentleman consent to a Committee ?
If not, then he or some of his friends would move
that one should be appointed. He did' not believe
one single word of what was said about the Re-
striction Act being only to be continued for a
single year longer : he did not believe one word
of this. The Bank were completely the masters
of the Right Hon. Gentleman. He (Mr. T.) had
said so t %so years- ago, but he only guessed it
then ; now he was convinced of it. The only
reason why it had not been sooner declared that
the Restriction was to he continued was, that
it' it had been told by the,, Right Honourable
Gentleman all hif bubbles would have burst.—
The object in keeping it a matter of doubt was
only to raise the Funds, and to lower the rate of
interest. As to the doctrines now maintained
by the Right Honourable Gentleman, with re-
spect to the rate of interest, lie must observe,
that they were directly the reverse of those on
which he had formerly supported some of his
measures. The ground on which the Right Hoo.
Gentleman, some years ago, supported his appro-
priation of part of the Sinking Fund, was, that if
that Fund was allowed to increase, it would ac-
consulate so rapidly, as in the end to produce very
injurious effects by lowering the rate of interest.
But now the doctrine was quite changed. The
whole object and boast of the Chancellor of the
Exchequer, in those days, was to lower the rate
of interest. The low rate of interest in this coun-
try produced the effect of inducing very many
persons to lay out their money in the purchase of
Stock in the French Fords. This was now done
every day. Ile did not mean to say, that he
thought the low rate of interest was disadvantage-
ous to the country ; when it was produced by a
prosperous state of our affairs, nothing was more
desirable.. But now, when the whole object of
the Chancellor of the Exchequer, and his whole
occupation ever since his flaming speech in June
last,- was to force the market for the purpose of
lowering the 'rate of interest, it must be looked
at in a very different point of view. The whole
project of last year about paying off the livelier
cents. was now blown, and the Right Honoura-
hie Gentleman was, by the very measure now
proposed, attempting to force up the Funds. All
this Was done to put off the evil day ; but that
day ought not to be postponed to this day twelve
months. Whether the measures now proposed
would be carried, he knew not. But he really
hoped that the House would not consent to
renew the Restriction merely on the simple as-
sertion of the Chancellor-of the Exchequer—that
they would bear in mind that the Restriction was
not now proposed on any one of the grounds on
which the measure had hitherto peen supported
' —that every one of those grounds was now done
away. The whole "reason for it was now reduced
tO the Foreign Loans. We were the only nation
in the world who lived entirely on an unconverti-
ble paper currency, and it remained to be seen
k-whether a sum borrowed by a foreign Government

Could be paid tri) in this country. For his own
part, he believed the condition of France to be
such, that if the Government of that country
should be obliged to•have recourse this year to
any loan, they would be enabled to raise the
greater part within their own territory. There ,
was therefore really no solid reason hitherto ad-
duced, to prove why the foreign loan should pro-
duce any effect, to make it less advisable to re-
move the Restriction. If, however. tl,e House
should resolve to continue the Re,'ricti 10, he
hoped a clause would be introduced into the Bill,
expressly stating, that the :cooed was only for
one year," and no longer.'' He trusted that the
Report would he put off till Monday, as on that
day he would move for the appointment of a Com-
mittee. To such a motion he could not antici-
pate any objection. It would only occasion fa de-
,y of a fortnight or three weeks at most, anti he
trust, that the House would not agree, even
on the faith of the signal abilities of the Chancellor
of the Exchequer, to do that ,chich they would
not do even for Mr. l'itt, and which even Mr.
Pitt, with all his confidence, would not have ask-
ed—to gratify a Mmister, by altering the whole
system of the cuirency of the kingdom, without
inquiry or information.

Mr. GitENFELL said, he considered the arrange-
ment proposed respecting Country Banks of minor
invortance to the proposal for continuing the
Bank Restriction Act. In 1816, the price of gold
was low, and the exchange in our favour; the
House was told that a certain time must be al-
lowed for things to subside and settle hetore the
Restriction could be removed, and that two years
would be sufficient time for that purpose. With
respect to what was said of the bad harvest of
1816, he thought i• iptite sufficient to observe, that
the exchange never was so much in our favour as
in the beginning of- 1817. And what was the
reason now assigned for continuing the Res'tric-
tion ? 'lt amounted to no more than this, that be-
cause a German merchant had settled in England,
and an English merchant had settled in France,
therefore cash payments ought not to 'be re-
sumed by the Bank of England.. He would re-
serve his further observations-to. the future stages
of -the measure. In the mean time he begged
to,know whether the stock to be deposited by
Country Bankers was to be considered as a secu-
rity of the stamped notes, or as extending''aiso
to Five-pound notes and others for large* sums?

The CHANCELLOR of the EXCHEQUER, referring
to what had been said by a Right-Hon. Gentle-
man (Mr. Tien-icy), disclaimed all intention of
casting any imputation on the Gentlemen of
Country Banking Establishments. He .bad not the
slightest intention of the kind, nor was•there any
thing in the measure itself •which implied any
greater distrust in the credit of those .most re-
spectable persons then that- which must always
be felt front the peculiar nature 'of. the cut reocy
which they is-sued, as opposed to the rest.oL the
currency•of the country. As to the question of
the Hon. Gentleman who spoke last, whether the
stock deposited was. to be considered as a general
security for all notes issued. by the depositors, he
certainly-meant that in the first instance it should
be a security only for the 11. and 21. notes, beef.-
log the stamp of stock notes. As to the rest; the
seentit y, of course, after the satisfaction of- the
stamped notes, would he assets applicable- for
the benefit of general creditors. As to whiq had
been said of the effect of the former for eign to tns,
in 1795, on the price of he read an ex-
tract from the- evidence of Mr. Newland, the
Cashier of the Bank of England, thet the price
of gold, which in 1795 had been 21. 10s. per oz.,
in 1797 was so high as 41. 4s. per ounce. He bad
been asked, with a sort of taunt; whether the pre-
sent plan was all that had been intended, and
whether a scheme of Stock Debentures had not
been at one time resolved on ? In answer to this,
he must distinctly state that he never did iutehd to
propose a scheme for Stock Debentures. Aluch.
noise had been made in the public prints about
such a scheme, and an individual had submitted a
plan of the kind to him ; but notice was very soots
given to that individual, that however inge-
nious his plan was, it was not desirable at the
present time, when so many Exchequer Bills were
afloat, as they answered every purpose that
could be obtained by Debentures. At the same
time be was tar from giving a general negative to
the scheme of Debentures, which, under certain
eircunistances, might be resorted to with much
advantage. But it was obvious, that if adopted,
at the present time, the immediate and necessary
effect would be, that either they or Excite-
ener Bills would be very much depreciated in va-
lue. As to the might of the plan he now pro-
posed, the. idea of issuing paper on the security
of Stock had been proposed many years ago to
Mr. Pitt by a very respectable Solicitor, of the
Frame of IVeston, since dead. But part of Mr.
‘Veston's plan was, that the paper so issued should
be._ a legal tender—a measure which he (time
Chancellor of the Exchequer) never iatended, and
could by no means consider advisable.
Mr. GRENFELL said, that with respect 'to Arr.
Newland's evidence, that Gentleman never meant
to slate that the market price of gold in the two
years, front 1795 to 1797, was ever so high as 4
guineas; but that the Bank had, in 1797, impo,t-
ed a quantity of gull from Hamborgh (from a
Mr. Elias:), which cost them a price so high: as
four guineas an ounce.
_The Resolutions were then agreed to.

The SPEAKER having; resumed the Chair, Mr.
BROGDEN moved for leave to bring in Bills pur-
suant to the Resolutions.—Leave given.

Some conversation passed acrols the table, be-
tween the CHANCELLOR of the EXCHEQUER and
Mr. J. P. GRANT, as to the day on which Mc.
Tierney'S motion for the Committee should be
made, but it could not be heard that any day was
'fixed, though Monday was named. •

In answer to a question by 11ifr. GRENFELL, as
to what charges were proposed to be made on the
deposits lodged by Bankers, •

The CHANCELLOR of the EXCHEQUER said, the
charges which he proposed were, that 2s. 6d. per
cent. should be paid at the time of deposit, 013 the
stock deposited, and Is. per cent. per-antaum on
the deposit while it was continued.
The other Orders pt the Day were disposed ot„
—Adjourned.

GREENWICH MURDERS.

FINAL EXAMINATION AND COMMITMENT 'OF
HUSSEY, AT GREENWICH.

Yesterday Morning, at an early boor, a cast
number of persors had c'ollected iou►,d the tlouSe
of Correction, Cold Bath-fields, from mbtives
curiosity, to see the reputed murderer, liussey.—
Abo9t a quarter.brfore nine o'clock, a glass coach

-drove. out, in which was the prisoner, heavily.iron-
ed, guarded by 3 Police Officers with him in the
coach, and three or four constables on each side.
They set otT for Greenwich, where his examina-
tion was to take. place. The prisoner did_not ap-
pear to feel the least emotion : -there was an air
of brutal carelessness about him. Two. of the
constables got behind the coach, and one on the
box •with the coachman, atia the coach drove on
at a quick pace, in order to get • clear. or the
crowd. They proceeded over Blackfriars Bridge,
straight towards Greenwich.; but near Deptford!,
ft broker-, who resides there, having information
that Hussey was coming. got on horseback, 'arid
rode on before the coach, halitwing that. Hussey,
the murderer, w-Is coming that the last part
of the road into Greenwich was completely lined
with .spectators. On their arrival at Greenwich,
the coach drove up, amidst several thousands of
-spectators assembled on the-occasion, to the door
of the National School, near the Chinch, which
was fitted up with a bar. &c. for the examina-
tion. When the coach stopped, the multitude.
assailed Hussey with hurt id execrations of
" Blackguard ! Murderer ! Drag him out ! Tea'r
him to pieces !" When the prisoner was con-
ducted out of the coach, lie saw his brother,.
whom he shook by the hand, and spoke to con-
cerning a debt of ss: He was then taken in and
placed at the bar, and the examination proceeded
before the following Magistrates : Colonel
Fineman, Mr. Smith, Mr. Davies, Mr. Watson,-
WiCiarns, and Mr. Puree!. Mr. licknel, the
Solicitor, and several other Gentlemen, were pre-
sent. The-prisoner's box was produced, in which
were live shirts, th,ree watches, a silver punch-
ladle, and other articles already mentioned in at.
former report, .and likewise the ring-anti other
things found on tic prisoner when apprehended.
.The whole of the property proditicedl was identified
by Mr. George Bird, anal Mrs. Bell, washerwo-
man to -Mr. Bird, deceased.
The only material circumstance in the exami-
nation of- yesterday we here subjoin; the rest has
already appeared.
Mr. Oust en; the landlord of the Tiger's Head,
was next examined-; he stated that Hussey and
Ilazeldon were at his house on Saturday, the day
preceding the discovery of the nitirder,abour diree
o'clock ; he did not see eithe'r of them after, until
half-past 10 o'clock, when he saw Hussey in the.
Lodge-room. What becaMe of Hussey from three
o'clock mitil.ten, lie could not say. Hussey-slept
at his house on the Saturilay.ttiglit, the !winters
were coturnitte,:,.andi left as soon as he had break-

fasted next morning. _ •
Magistrate.-IVere not .1-Jussey and llazeldou
in,cnstody of the civ,titables (1,311. in aUd HUdges)
at your housa, a few days after the murder was
discovered ? Yes, they were; and the cons-tables
examined them,_ and discharged them without
taking ,thern before a•Magistrate.
Magistrate.— Did you not. then say, that belt')
Hussey anti Hazehlon were at.yonr house all the
night of Saturday, on which the murders were sup-
posed to have been comMitted ?—f .can't posi-
tively- say the preci-.e words I told the Officers ;
but if I did say so, it was udder a mistake.
Larking and Hodges declared that the w;rness
did most positively say to them that Hussey and
Ilazeldon were in his house all the evening and.
night of the Saturday when the murders were

committed.
The Magistrate severely reprimanded the con-
stables for not bringing the prisoners before them,
instead-of taking upon themselves the office of Ma-
gistrates, to examine and discharge prisoners ; and
the witness, Mr. Oesten, was censured very much
for leading the officers into an error by speaking
a falsehood.
Mr. ()listen -said be was sorry, but it was quite
an error ,what he said.
The evidence of Mrs: Goodwin, of Peckham,
Bussey's brother's 'wife (which we have already
given), was next read ; the only 'additional part
of it worth, notice is, that she said that Hussey
and Hazeidon had been together at her house,
an4l that she found the watches belonging to Mt.
Bird in 'Hussey'i box.
Mr. George Martin Bird was, next examined.
lie seemed much affected at the sight of the blood-
stained property. He identified the watches, the
silver-_mite, anti all the other proper ty, except the
Bark-notes.
The evidence of 'Mr Latin), of the Greenwich
Academy, was then read ; the chief part has already
-appeared ; the only p rt worth mention is, that
Massey and ilazeldon frequently came together,
after the-murder, to his house, and cleaned them-
srlves, their shoes,- Eze. and often ate and drank
together in his house ; indeed, he believed they
were, nearly always together. and had beets com-
panions, for a coesjderable time.
fiuttc) stated,, that the box of the prisoner
avas on the same {loth; as that they usually sat in,
and they always passed through it every night and
-morning as they went and returned from hte sleep-
ing-roOm ; box was never locked during the
time it was in her house, but the lid was tied down,
with a- cord ; her husband carried the box from
his house to Mrt. Goddard's, of Hughes'-fields ;
it was not locked at that time, but packed up with
a piece of -cord.
Mrs. Goddard stated, that the box was not
locked when it was at her house, but only fasten-
ed together with a cord.
Hussey made a similar defence to what he dirt
when he was first examined at BOw-street,- with
the addition that, OD the Saturday night of the
murder, he wAs at a free-and easy club. The man
whom he described.as having seen miming with
the bundle containing the stolen property, wore
a brown jacket and white trowsers. He said that,
after'':he man had put the bundle, containing the
stolen property, down against the tree and left it,
he, after slightly exalt-finite. it, covered it over
with, a mat and some rubbish, and thus lie ac-

THE SUN.

SOLEM QUIS InCERE FALSUM A tTDEAT

LONDON,
FRIDAY, APRIL 10, ISM

We received this morning Jamaica Papers to
the 9:h February, but they contain no news what-,
ever of the slightest interest.

The Letters received from Jamaica this morn•

ing state, that a severe gale Of wind was expe-
rienced off the coast of St. Domingo on the 25th
el December, which drove 11 vessels on shore ;
and it was supposed they were all bilged.*

The Paris Papers -,of Tuesday last, which *ere
due this morning, have not arrived in course.

E Futins.---This'being e:-ttling-clay, and the
prices having varied considerably during the
Account, much anxiety:was felt by•the Jobbers.
At the opening of the Market, Consols for Money
ti
were done at fg*, and fOrtbe.May Account
but they soon fell the former to 'BO4, and
-the latter to SOS, and the Market looks heavy
at those prices. The Commissioners, at 12 o'clock,
were served by the Jobbers generally at 301.---
No defaulter was declared up to one o'clock, and
as most of the heavy sales were made up -:ester-
day, it is expected the account will be seted
without any material deficiency. At one o'clock,
Consols were SO for Money, and 80.1 for Account.

The Restriction of Cash• Payments at the Bank
waslast night proposed, in the House of Co4nmons,
by the CHANCELLOR of the EXCHEQUER, to be con-
tinned for one year longer. None but discontented
and shallow Politicians, if Politicians they can
be called, cap object to this measure, rendered
absolutely necessary by the circumstances of the
• t;mes: Gold is rapidly disappearing, and ;much
is conveyed abroad. Specie to the amount of
2,600,0001. has been issued by the Bank, yet but-
a very small proportion of it, if any, is in circulation.
On account of the high price of 'Gold, much of it
is also melted. Sevetal causes can be assigned
for this high price : among others, the bad harvest
in 1816, which obliged us to import vast quantities
of grain the great number of unpatriotic English-
men who left this country, and drew Cash from
it ; -the unavoidable supply of our Troops on the
Continent.; , and the Negsiciations for Foreign
Loans. Other -Causes might he noticed, which
altogether fully justify, and, indeed, positively de-
mand, the_ proposed Restriction. Nor will it be
felt by the Public at large. Indeed, The Times of
this day seems to object to the Foreign Loans,
" that in a State like England, or 417
deed in any State, properly so called, the acts
of (private) individuals should rather be swayed
by the measures of Government, than the measures
of Government he dependent on the acts of firth
viduals." This mown k seems to imply, that in
the Writer's-opinion Government should interfere
to prevent such Loans. But what would that
'Paper, whiCh, from having been-an advocate, has
become an Enemy of Government, say, if Gcivern-
ment were to -prevent people, who have acquired
large property-by commerce, from empltniing it
for the promotion of commerce, since it is evident
that commerce may be much affected by the pecit-
miary necessities of other States ? We have no
doubt that the same-Journal would then bitterly
condemn the,interference which it now seems to
recommend. The measure in question is expe-
dient and necessary.

The other subject brought forwaid by the

CHANCELLOR of the Exclamortt related to ate
Regulations on Private.Banki, for the security of
the Holders of their small note's,' which form so
considerable a part of Provincial Paper Cur-
rency. But as we have given a ciTions ac-
count of both mattris in the Parliamentary De-
bates, it is not necessary for its to dilate on the
subject.

Lono PALMERSTON.—The following Bulletin
was this day at Twelve o'clock she 'n to those
Nobility and Gentry who made inquiries respect-
ing his Lordship's health at his residence:—

44 The contusion which Lord PALMERSTON re-
ceived from the ball is much better, and likely to
be quite well in a few 'lays.

(Signed) " G. H. MAY, Surgeoh.
" Stanhope-street, lOtb April,
,14.2. o'clock."

We understand !hal his Lordship's brace but-
ton was the means of altering the direction of
the ball, which would otherwise probably have
inflicted a fatal wom.d.

CORN-EXCIJANGE, APRIL 10.—Own to the
late contrary winds, we had no fresh arrivals this
tnorning, but the few sales made in Fine Wheat
and Oats were,at Alonday's pt ices ; Inferior was
very dull, and if any thing rather lower ;
_Fine
Barley and Malt, support their prices ; in Pease
amid. Beans there is no alteration,

Yesterday morning the Duchess of -GLOIJCFS-
TER ViSlied the QUEEN. and Princess 'AUGUSTA at
her Palace, and afterwards accompanied her MA-
JESTY and the .PaiNass to visit the PRINCE 11E7
GENT at CarltOu-!louse. 'Fite Duchess of.GLou-
CES.TER, the Dukes
_o_ of YORK, CLARENCE, and
KENT, dined with her MAJESTY yesterday. In
the evening the QUEEN had a select rirty.
-On Wednesday his ltnyal Highness the Prince
of SAXE COBURG arrived at Clareniont front
NVevinouth.,
Letters received in town from Messina, dated
the 14th of March, state, that two eruptions of
Mount 2Etna had taken place on different siees of
the mountain, but that they had stOpPed before'
any great damage was done.

ROYAL INIAF.IIIAGE.-+Yesterday a Special.. Court
of (2otninou COuticil was held, for the'purpose of
considering the propriety of addressing the PLUNGE
REGENT, the QUEEN, the Princess ELIZABETH,
and. the Hereditary Prince of Hesse-HomsEact,
npoti the marriage of the two last. The Ad-
dresses were agreed to unanitrrouSly.
AFRICAN INSTITUTION.—A General Metting of
this truly laudable Institution was held yesterday
at Freemasons' Taveru; for the purpose of hear-
iug.the Report of the Board of Directors, and of
chusing Directors for the en,uing year. In the
absence of the Doke of GLOUCESTER, Lord
CALEpos took the Chair.' che Report, which
was very. extensive, was read by Mr: HattrusoNt,
the Secretary. It appealed, that the deteFtable
.traffic of human beitlAS was Still carried on clan-
destinely to a great extent, but it was hoped, by
the concurrence of all Nations, that the offence
would be pioclainted to be' Piracy, and punished'
accordingly. Several Minnbers, among whom
were Lord GAMBIER, hilr. I.IIIILiSERFOnCE., Mr.
IiARINGTON, M. P., and Mr. WILBRAHAM, M. I'.,
expressed their sentiments on the occasion. The
saute Directors were chosen for the ensuing year,
and the Thanks of the 'Meeting given to Lord
CALEDONond Mr. HARRisoN, the Secretary.
LITERARY. PROPEETY.—The .eXpence unavoid-
ably attendiog literary works at present render
this subject highly interesting to authors, artists,
booksellers, and all connected with the Subject of
Literary Property. The ditty at present paid on
paper used in printing is about 25 per cent. on
the value of the article; and the Copyright Act
of 1.814 provides, that eleven pUblic lihraries shall
he gratuitously supplied with copies of all books
that are published. A subject so essentially re-
lating to•science, general knowledge, morals, and
religion, powerfully demands-the attention of ,the
Legislature. •
ARGYLL Rooms.—These Rooms were opened
last night for the Annual Concert of Mr. IlawEs,
whose private and professional merits were mani-
fested by thepresence of a very nutheroui and ele-
gant auditory. We have not loom to enter. into
particulars, but it Would be unjust to omit saying,
that the Performers, vocal and insteuthental, were
of the first order, .and that the selection was judi:
.cions. The orchestra was full; WEICHSELL led,
and .06P.ATOREX was at the grand piano-forte.
The-VoCal Performers were Miss STRrnexs, Mrs.
VAUGHAN, Miss CAREW, Mis 3 GOODALL, Miss
WILLiAMS, BELLAMY, VAUGHAN, W. K&YYRTT,
HAWES, - MULONEX-, TERRAIL,
Sit ARP 'gave a 'Fantasia on the harp in;her best
style. The -whole was a fine harinonic treat, and
throughout was minch applauded.
Mr. PEEL.—Notwithstanding the general opi-
nion that Mr. PEEL would not resume'his official
situation in this country, we have much pleasure
in stating, that there exists very little doubt Of,
his rerun' to that station which he has filled with
so much credit to hitmelf and advantage to this
country,—(Cark Adrertizer, April 4 )
Yesterday a Court of Directors was held at the
East India House; when the new Directors,
ek.eted on Wednesday last,Niz.--Tichard
ley Plowden, John Hodleston, George Aber-
crombie Robinson, William Stanley Clarke, John
Thorohill, and Geovge Raikes, Esqrs. took the '
Oaths and their seats.—James Patterson and.
Campbell Marjnribanks, &qrs. were chosen
Chairman and Deputy Chairman for the year
'ensuing._ _ _

Mr. MATnaws, who is really a host in hithself,
and possesses a mine of comic humour, is pro-
ceeding so prosperously at the ENGLISH OPERA
EIOVSR, that he is opening a mine of wealth for
himself, as well as of entertainment for the Public.

Yesterday Richard. 7'uner, who lately made
his escape front Newgate, was taken in Copen-
hogen Fields, and brought back to his old quar-
ters.

Sliii)

DLI., APRIL 9.—Arrived Ida Majesty's ear*
packe Lord Duncan, with a Flanders ntail,frOl

Arttii O.—Arcked his Majesti
ship ;tartan from a cruise, and the Nearchus anti
Nineva transports from Gibraltar and
with stoops, and are pat under quarantine•"'
Arrived the Integrity, ELDERKIN, from CalltO°
for nts t ettlkm
DARTMOUTH, AP.BIL B.—Arrived the Aclllll
Christiana, .11AtiseN, bound to Bourtleaux,
loss of bowspit, having been run foul of b 0
schooner on te inst. which, it is feared, s()11
after sunk.

. -
SWANSEA, Pram 5.---The Peggy, CobK, from
Lime Regis to this port, was driven on shore oti
Cefa-i• S.hedau Sands, in Carmarthen Bay' °"
Thursday nigh:, -.and is a complete wreck ;
cargo !s entitdy lost, and it is feared that
little of the shp's materials will be saved.

The Defence and the Jupiter,. from Lol"d`di'
arrived at Bengal the 2d December. The West'
tnorland and Wellington, froniL,Liverpool, a.%
arrived on the 2d December at Bengal.. 11'
Barbara and Ann has arrived in the Down's fr°l9
Lisbon. , '