Star.
London, England, 1826-02-03 00:00:00

!other ,atlofse from over.tgeding:.-. ik would no
to the•years 1793 0f'1,97: becalm' he thought
periods more analogous to the present might be.founi
nearer at hand ; and, to select two examples at once—.
he would take the first opening of the new branches of
trade to South Anierida ; and the opening of the con-
tinent afterwards, in'the year 1814. The list of these
transactions had led to such an excess of exportation,
that merchants had actually • re-imported their. ova
goods from Holland to this country, as a measure of
less loss than the selling them abroad. JAW, in the former,
iron, saddles, skates, and hardware of emery deist iption)
had been sent over, until, in 'many' cases. the proceeds
scarcely bad paid shipping charges and instarance...l..
Nbw, if it was to be complained that the things of
system bad led to these distresses, it might beat well
argued at once, that we should never alter an,
system that was objectionable, or, indeed, ever open
any new market, for. fear of the consequences of.
over-trading. But he trusted that, upon this subject,
there would lee no difference of opinion in the II nue:.
Apart, however, from the question of trade, there were
certain other topics touched upon in the Speech and
Address, which he found it necessary very shortly to
notice. At the time last year, when the aspect of
foreign affairs had seemed to render it just potsibir that
England might again be involved in war, - these had
been three circumstances which induced'thinieing-per-

sons to deprecate any disturbance of peace as tar as
possible : these circumstances were—her dvbt....her
currency—and the state of Ireiwnd. The debt was out
of oar reach ; but the other two evils."-the citrrency
and Ireland—were not so. To theseawo evils, 'than.
it behoved the House to pay immediate artzetiost;
and not wait, before they acted, for the day vchtuvi war
should be necessary, and, of necessity, must ccrtne.,Sow,
when he heard it said that Ireland hal/beers pealmtly

quiet and prosperous, he rejoiced w hear it. and si4nist
question it ; but yet he did think that shccause of:the
tranquillity of Ireland lay in her expectation that soisato
thing would be done for her. He believed that if that
tranquillity was preserved, it was preserved by the fact
that Ireland was looking up to Parliament for assistance
and relief ; and he trusted that, at a fit and convenient
season, she would find that she had not waited patiently
in vain. With respect to South America, theinen 'of
that country have, no doubt, attained the greatest glory
that men can possibly attain. They have achieved their
liberty, and though they have not received atslitance
from us,.it gave him sincere pleasure :that we were
upon good relations with the inhabitants' of thaw Item
publics. With respect to the treatrbetWeen this country
and the Brazils, of which he had seen a-translation, he
would fain hope that it might never be Confirmed.—
He had some ground for hope, as it was not yet ratified,
and he trusted, sincerely, that it never would. be.--That
treaty contained one article, against which be -most
enter his decided protest ; he meant that by which the
parties mutually bound each other to give up the per-
sons of those charged by either with any' offence what.
soever, not merely for treasons, real or constructive....
not for felonies or murders—not for climes as fantasti-
cally named as in the time of Henry the Eighth; but
for all possible offences. Indeed, it would appear as
if that article in the treaty were merely intended to keep
alive that worst statute on our Books, the Alien Bill:
Much had been said as to the 'Bank of Borland,. and
without throwing any" blame upon the .Liovernuts ot
that Establishment, he would only express a with, that
the period was come, at which alt the trading einceriu.
of "the Empire, the legumes and .the welfare of those.
out of trade, as well as those in trade, should- nolonger;
be left to the controul of any twenty-four mail, whether
designated as a bank, a club, a corporation, or any.
other name when they would not have the poWer of
restricting or enlarging discounts ; and by reason of
such fluctuations, not only creating distress, tint pro,
ducing the most fearful results on the whole property
of the Empire. He imputed no distrust to the Bank-.
but it was utterly impossible to say, chit such a peace
as they possessed—a_power to be used without &het
check or controul,,ecruld ch other than lead to.usis-
chievous results.. If other Banking et/.1.9,Pa1iel were
allowed, then'the country would • not be liable to the,
errors or abuse's of the Bank of E'igland. Hr, thoogpt,
he might gather from the speeches of the MOver and
Seconder of the Address, rather than from the. Speech
they had just heard, that tome proposition to that
effect would be submitted to the House, and when that was door.
it would be full time to enter upon its meats. He *ipisiwil dice
more to say, that in not opposiog the Address, he merely loinettia
the usual courtesy of the House, at the same time nursing to him-
self todimuss fully every measure which might he submitted to
their consideration.

Mr. ROBERTSON begged to remind the House of
his predictions of the late calamitous distress which
and will continue to overrun the country. lb clearly
foresaw that such consequences o °old follow on the
adoption of the measures heat all times in -that House
reprobated. The policy that has ace isi%ned this di),
tress is of ten years duration, namely, from the ego.
blishment of what is called tree trade principles. He
would prove this, and that too with the aid of a book'
which the Right Hon. the President of the Board. at
Trade (Mr. Huskisson) published fifteen years ago:s.The
Hon. Gentleman insisted at considerable length 6%
what he declared to be the, cause of all the late dis-
tresses—the origo rodi—namely, the excess of eaports,
called by him expenditure, over the imports, contract
to the usual opinion entertained on the subject. Since
the peace, the excess of exports over imports is nineteen
millions, which the Hon. Gentleman stated As-be so
much of the capital sent out of the country without any
return. The Hon. Gentleman insisted, that the excess
of exports over imports was so much abstraction of the
wealth and capital of the country. The average excess
of exports over imports is 25 millions per anon% tin the
year 1312, 13 millions), consequently, the couacky must
be impoverished, if 25 millions of its weahlugo agnually
out of der. country without . any return:: When Mr.
Pitt held the helm. at the breaking out of the war in
1792, the racess of exports was but &MOON ;in 179 F,
five millions; but these were, accoentett for by she
foreign expenses contingent on war. No such apology
can be offered for 25 midions annually, now fa a time
of peace. The Hon. Gentleman went. into a detail es-
planetary of his views, and the excess of capons over
imports being . the cause of all the late and eve, y
future distress an the English commercial market
With respect to one part of the Speech trout re
Throne, which appeared to intimate dud the existing evils were not
within the reach of the Legislature, be begged to repress hie
decided conviction that the contrary was the tact; the remedy tar
those evils did lie within the reach of the Home; it was within
the power of the Legislature, by restricting skit excessive &petul-
ance which was placed upon foreign commerce, to do away stub
mom& of the evil which that dependance produced. The ilea.
thredeasaa eteboitided by repeating his convictiou tb-st the system.
milk stood at present, was most injurious sod desu tic ive to Or
welfare of the country, and enforce) the. necessity whit t ext*J
ihrea ealetnled policy. • • *