Star.
London, England, 1830-01-28 00:00:00

*aeoulburn's predicdpos, Ise said on the withdrawal of the one-
pouad notes, had felled; the notes had conatantly decreased, wine
sovereigns had not Increased ; and how, he would ash, was
is possible that gold could supplant a currency of no intrinsic
value ? He had told them, a long time before, that Mr.
Peel's Bill would double the taxes, and that labourers
would be called on to work double hours for the same wages;
—all this it bad done. and that Bill of course, affected
every pan of the community alike, except those who were
fed on the taxes drawn from the people. It had affected the Con-
tinent as well as England; we had drained thence the gold and
silver, by which foreigners were compelled to lower their prices.
and they now hated us so cordially that they would sot buy our
goods. Parliament could qfirjeve os—they could get out of t►e
serape as they got is into it, and he would propose a return to small
notes, with the option of paying them in silver, as heretofore. In
the course of his speech Mr. D. condemned a property tax. or the
lowering of the standard of value, by way of a remedy. He then
read the following petition, which embodies that part of his speech
which we have been obliged to
That whereas all classes of hie Majesty's subjects are entitled to
equal favour and protection at the hands of the Legislature :
1. Your petitioners have to state with deep concern, that no
rl3ues are exempt from distress, except that which derives its prin-
cipal income out of the taxes.
2. That the agricultural class has witnessed a rapid decline in
:he price of all its commodities during the last six menthe.
3. That although the stock of cheese, the staple commodity of
this county, is low, yet the price has fallen about SO per cent. The
quantity produced in the county has been estimated at 1,200 tons,
which, taking the recent loss at £9O per ton, leaves the landed in-
terest a loser to the amount of £940,000 upon one single article in
the produce of one year.
4. That the price of all other descriptions of stock, whether
cattle, sheep, pigs, &c. have In like manner fallen in value.
5. That the profits of trade are in like manna diminished, and
in some instances annihilated; and that several manufacturing con-
cerns ate still carried no at a loss, because the owners cannot end
purchasers for their machinery and establishments, and that she
wages of labour are thereby necessarily reduced to such a degree
that thousands of industrious men can, by the greatest exertions,
scarcely gain a livelihood.
6. That your petitioners cannot believe that the difficulties of
manufacturers are principally caused by machinery. and an over
production of goods, when they en millions in want of those goods,
but unable to purchase them, for want of a sufficient quantity of
circulating money, and an adequate reward for their labour.
7. That the consequence is a great increase of poverty, misery,
and crime. to an extent entirely unknown in these kingdoms, pre.
vious to the passing of Mr. Peel's Bill ; and that, without entering
into all the causes which may have contributed to produce so dia.
graceful a state of things, we entertain no doubt whatever that the
principle and sufficient cause is to be found in the Government
having been constantly tampering with the country's money, whe-
ther preparatory to or in completion of the Act of 1919, known by
the name of Mr. Peel's Bill, and more particularly by finally with-
drawing from circulation many millions of one-pound notes during
the last and previous year.
v. That this most active medium of exchange was the bash of
that system of credit which enabled the country to support its
enormous taxation ; that it is the money in which all debts and
contracts, private and public, have been made during the last 50
years ; sad that to withdraw it is to augment the country's taxes
surreptitiously, and to condemn property, to an incalculable amount.
to an indirect species of confiscation, thereby violating the spirit of
the Constitution; first, in taxing the people without their know-
ledge or consent ; and, secondly, by violating that stability and se-
curity of property which has always been considered as the distin-
guishing mark between a free and an arbitrary Government.
9. That the public have been grossly deceived by the statements
of the Ministers, and led from thence to believe that the one-pound
notes would be replaced by sovereigns, or an Increased issue of
five-pound notes; whereas these five-pound notes have diminished
instead of increased, and the sovereigns have not and could not
supply the place of money which bad no intrinsic value. That the
consequence has been the crippling of the internal trade of the
country, and the substitution in some countries of provision shops
(or barter,) for want of the money withdrawn, the sacrifice of ac-
tive industry to idle capital, and the increased pressure of all debts
and taxes.

10. That your petitioners feel their grievances the more strongly
from the knowledge that all persons holding public offices are
deriving great emolument from this system, that bas reduced the
price of all commodities, without reducing their own salaries, and
that these salaries were doubled during the war on account of the
high price of previsions, &c. and now are doubled a second time
by laws put, to cheapen those commodities more than ever.
t. That your petitioners therefore request, and loudly entreat
• your Hon. House will forthwith proceed to afford them a prompt
and elicacious remedy for the grievances they complain ofoerhethee
by a great reduction of taxes and expenses of the country, or by a
just and equitable repayment of the nation's debts to the amount
of the sums actually lent, or by restoring the small paper money,
together with the option to the debtor of paying in silver, enjoyed
by all other countries, and of which England was only deprived in
i TOo.—Or to take each other speedy and effectual measures as
your Hon. House shall, in its wisdom, think fit.
And your petitioners, &c.

The resolutions hating been read,
Lord Mumma, rose and objected to them, as not being sum-
candy respectful, and u being calculated to east aspersions upon
his illajtity's Natters, whom his Lordship was disposed to coo.
sider entirely free from being responsible for the distress under
whkis the country laboured. His Lordship then read a petition,
'Aids he stated to have been prepared that marsh% while he was

atioreikfau.
Mr;Diva

to k ; as which

Mt. WiLMILAMAIC proposed that Mr. Davenport's reeshatkons sad
Lord Delamere's petition &saki be referred te a Coornaktee of
'foot Gawking&
This was agreed to. and the Committee retired for a few d.
subs. On their returns they produced the following Betides.
_ _ _

totem partly from Lord Delemere's Petition, and partly from Mr.
Davenport's &solstices :
•' The humble Pakten of the Nobility, Gentry, Clergy, Free-
holders. and Inhabitants*f the county of Chewer,
• '• &sweets—Thu the Maumee which exist in every part of the
country, agrimeloaral as well as commercial, command the most
eerious attendees. That we are sensible of the extreme difilculty of
rioting oat the canes, or of seggesting any effectual remedy for
the relief of this calamity, frost the various opinions entertained epos
this *tint, though we cannot but attribute It in a great ensimos
to the late alterations in the currency. With those impteedsso,
we strongly recommend tined*, earliest possible day after the wet..

:4,

• lag of Parliament be dud for taking into consideration this mo-
mottoes subject, wino we find that a reduction of caution in the
- country at large, as is consistent with tumour, may be effected; and
a rigid system of mammy In every department adopted and en.
foreed,to answer the deicing, in the remose, will came geosrally.
10 take plait, sod that your Honourable House will farther adopt
each meassom so may tend effectually to remedy the pretest state
of distress."
The potties having boo unanimously agreed to, Mr. Devespon
•• again row. and said that he should not have raised the least ob-
jeetios to it bad be the wish sod the opportunity of being nude
a peer.
Lord Desousa Odd, that Mr. Davenport appeared. from his
• or, owner. to make an alimiseass Mns. If that was the case. he was
lower lit opportunity of ;teeing to him, sad so she Meeting, that
• be flamed D.) was raked t. the Peerage kadependooly ; be Omer
was obliged shim to tbe Alkiimers or se the Parliament is bla life.
sod dough kis Majesty had conferred so high ea bosses upon him.