Star.
London, England, 1816-05-09 00:00:00

BANK PF.tTrICTL~~I.
The CHANCELLOR of the EXCHEQUER
moved the further consideration of the Bank Restric-
tion Bill.

• . •

Lord FOLKESTONE felt it his duty to oppose
the 'mauve • in its present form, contending diet A
clause was resulted tecneo'jx4.ll4,vitgics
bank to make orepatations.to resume cash part rents
At the end of two years. 13y their silence they had
:Omitted that they w..tild do nothing in consequence
nt the mere suftgesthes in the preamble ; and his
iorthilup was convinced that the desirable object of
a gold currency woula never be attained. "Sinai he
particularly v:islieci to remind the House Of was, that
by this restrictive measure the House. was making the
D rectors of the Bank of England its masters, and that
the country was perfectly at their discretion, if Parlia-
ment should suffer them to have the power of refusing
to give specie for their own paper. The public, he main-
.tamed, could be considered as neither.more nor less
than enslaved by the Batik, if such power was allowed.
It was but abont ten days ago that he had observed
in the London Gazette a notice, that the Bank woold,
he believed in November, call in the Sr. Ede Batik
tokens, and that new tokens would be issued, p tying,
however, not less than eight at a time. Such was
the notice of the Directors, but what did it amount
to ?—a direct order and command that any resent
receiving money at. the Wilk should be obliged to
take at least eight of these tokens; and he begged
the House to consider what an extensive power was
thus granted to the Bank; for if at one period the
Directors were allowed to issua nut less than eight as
a time, it would..sison amount to 80, SW, 'B,Uth), 'or
what number they should choose to name. He did not
. rest these'opitions merely upon himself, but they were
also those of many lionottrabie Gentlemen better
acquainted with the subject than himselt ; and lie
considered that lie should be wanting in his duty both
to the House and to the country, did he not pow
move an Amendment, that the report of the Bill be
taken into further consideration thil day six remelts.
Mr. GRENFELI, thought that the lloose hail
had ample And abundant proof of the proilis;aefof
the =haute- now about to be adopted by Parliament,
and be conceived that it would be a derelictiou oh hie

Parliamentary duties if he did not now strenuously
resist a system which, in every light, appeared to
him most unjustifiable and indecent; and applying,
as he did, his observations to the system, he did nut
hesitate tont, that that system bywhich the Bank son.
ducted themselves to the public, was like an usurious
money-lender, who had been lucky enough to get into
his clenches one who cared not how or in what man-
ner his life or his fortune were spent or squandered
away. As long as he had the honour of a seat in
tee House, and GOD gave him .health, he should
enter his protest against a measure which he should
always consider as one which took the money out of
the pockets of those who could ,but ill afford it, and
enrich those who had already amused to great
wealth by tPuri,lits mean.
Mr. BARING defended the Bill, which gave a
direct intimation to the Bank, that it was expected
they would resume cash payments at tie end of two
years. If the consideration of the Report were put
off to this day six months the taxes could not be col.
lected, and the whole wheels of the public machinery
would be stopped.
After a few words from Mr..Hawaseasmirs-
. The question was put, and the Amendment step.
dud without a division. ,
Mr. HORNER then gemmed *Ada a clause to
the Bill to the following
effect Piovided'alwaysi
•

-- - •

Alb

•

•
•lit he it enacted, .triat the Diretion of tile tank,
seo • U. delay. take such measures of preparatinn
.to thrit i0..!,,me0r and wisdom may aveat. fitting, to
enable them to resume cash payments-as soon atter
t:.;r passinv of this Act *sin theirjudgmeatntay seem
practicable and safe." •
Tile CHANCELLOR of the EXCHEQUER
opposed the chaise as useless. It was similar toil'.
proposed by the Honourable Gentleman. which lost?
already been rejected. and as he fia.l not brought for-
ward any new areutsvents in its support, he should
resist its introduction. The declaration in the pre.
etubk was to the same effect, and' would answer evert

purpose.
• The Howe then divided -Against the claim 13.5
i—For it 32.41ajorityagainstit 103. •
On retaenterlog the Gallery, we found Lord CASTLZREACIII
postponing thO second reading of the Alien BIU till to•morrow.
His Lotd‘hip said, the: he should not press It to-morrow, if Fri-
day tould he appropriated to it.
The Local Militia Ballot Rill, and the Irish Clerk of the Pleas
Bill, went through Committees —Reports to-morrows
Mr HUSK'S -ON brought in a Bill to amend sail render
More effective the Act for the eintstruttion of a new street from
'Carlton House to telety-la-hoinse Park.—Read a first time, and
ordered for a seeond trading to-morrow.
Mr CoURTENAY presented Papers from the Elm India
Company, stating the separation of the Commercial from the
Political Accounts of the Company...-Ordered to lie on the table.
Adjul.roed at Hag-past Twelve o'clock
A LIST OF THE MINORITY
TMAT TOTED rots MR 110111LISIes CLASIg lII.TSS SANK IZ.•
STRIV.IIOII SILL LAST MCAT.
4therlrf , Landeton, ). G.' Poneenby, Rt. Hoo.G.
Barbaro, J.swph F. Lyttleton, Hon. W. Preston. Richard
iturditt. Par F. M'lniosh, Sir J. hemline, Lord
Deragies. Hum F. S. Mauro, Vise. Ridley, Mr M. W.
Duneaun•in, Vise. Mundt, Sir C. Sharpe, R.
Ponsest.me Vise. Morland, S, B limytit, John H. •
Forbes, Charles Marryat, JOS. Tierney, lit. Hon. G
G.,ekell. Ben. • Moors, P. Wharton, John
Gordon, it. North, Dudley Wynn, C. W,
Gram, J. P. Nugant, lord TSILLSIIS.
Nom T. Palmer, Charles Greaten, Pascoe
Lamb, Hon. Ws Phillips, George Homer, Frauds