Star.
London, England, 1819-04-06 00:00:00

..icasee measure was adopted they might find
eerr; lsto be relied on. In consequence of
ters.:t-ril-,en by the Bank, the drain began and
d cing any grand object, ex-
producing
aisoca
rto able the Right Hon. Gentleman opposite
117. r- en-ellc: of the Ethequer) to make a speech,
had resumed cash-payments.
ha the link
//, Op,sl:inn Benches.) It was only
licn the Committee met that he (Mr.
first time learned that the measure
was in contemplation, and if he were
all that he knew he could state sea.
ought not to pass. As however
s which as a ember of the Secret
was not at libertyM to disclose, he should
those which it was fairly within his
With respect to the Bank it had
they were so anxious for a return to
that they felt quite uneasy at not being
tetlieni—(A laughfrom thcOppositiou.)
also said, that the proposed measure
in order to prevent the drain of specie
thought, however, that he had heard
at se far from the drain having lately
it was diminished. If this were cor-
I be glad to know what were the
Bill? Ile should wish to know why
not purchase specie ?—( Hear, from
they were anxious for a re-
tyracnts they.miglit purchase specie,
au Might be obliged to do so at some
inceived that after their stupid conduct
it no better name) of issuing gold with
paper with the other, they deserved to
their folly.—(Hear.)--Ne felt quite
if the Bank would pay the price, they ;
gold, and as they had been for the
years gaining, it was: extraordinary
toweyer small to them, should be con-
ifficient reason to prevent the resump-
Paymenti. It had been stated, that
the drain last year, and that half that
haps be lost if the proposed measure
tdiately adopted; bat he would ask,
um ought to be considered as equiva-
of character which the House would
;sing the Bill ? The Noble Lord had
Terence between the circumstances of
: at present He (Mr. Tieitey) granted•
to exit, but would ;Tea from it that
id nut hurry on the pe.tsing of.the pro-
le did not suppose that this Bill, if
operate merely for the remainder of
tut that the principle of it would be
lan:tier regulations might be introduced
return to Cash Payments. After de-
precedent that the Bank should not be
inconvenience Which their awn folly
upon them; the Honourable Member
apologisit,g for troubling the House on
specially as he had already in the morn-
. his opinions concerning it to the Gen-
composed the Committee. He felt it,
mach his duty to deliver his opinions on
that be could not avoid discharging it
, occasion, although he was obliged in
repeat some of the arguments which he
tied hut in vain.—( Hear, hear, hear.)
1100 said that he felt great embarrass-
;nod in need of the indulgence. of a
:eking upon this subject after the Right '
Gentleman —(Hear.)—lle knew not the
:t of this measure ; but, without know-
thought the measure ought to have been
ig ago. The only payments in specie
those persons who, contrary to law, er-
, or melted it into bullion, and they did
reserve that they should be protected from
tence of this measure. Were' we CO put
:es between C 3 17s. 100. and 4.3 10s.
pockets? If 100 millions. of gold were
the imprudent &der of the Bank, the ob-
ild be equally valid t,o this.measure ; but
new of resuming cash payments, it was
4to prevent the smallest drain. The reduc-
Bank issues ought to he gradual, and the
Honourable Gentleman (Mr. Peel) had repro-
the only consideration on which the prir•
ire was proposed was to secure us from the
gradual advance towards the resumption
tyments—(Hear, hea;•.)—'Cho Right Hon.
n near him (Mr. Tierney) hid argued, that
ik paid in gold they had an inducement to
:rice of gold, otherwise that trig had not
:ement—(Mr. Tierney cpthat the
td c'.2 induced to reduce their notes).—The al-
as then, that if the Bank paid in gold they
induced to lower the price of gold by rep
fir note;--(Mr Ti,:rnsy—.. Yee ;1' but the
always anxious to have at the'loytes
to reduce their notes for the purpose of
so; he begged pardon for having arruded
in the attention of the House—(Hear, hear)
tuded svith saying that he considered this an
iy good measure. •
ANNING said, the Right Honourable Gen►
id tailed of the stupid conduct of the Bank
ag their Resolution of 1817. But he had no.
in saying that the conduct thus censured
red to be in e,.act conformity with the wishes
~10 Houses of Parliament. Those were cer-
the truest prophets who prophesied after the
But it was impossible for the Bank to have
the loans for 'France and the deficient har-
t any Meml:er would calculate the value of
ign corn impcfted in consequence of that de-
y, he ;meld find that it was to the amount of
ten millions sterling. When the Right Hon.l
:man (.Jr. Tierney) said that the new light
ke in upon the Bank at twelve o'clock to-
Orr. Manning) must say, the light did not
upm him till near three o'clock to-day, as
titers engaged ca an Election Committee till
ar, and not able to nttel:4l the Bank Commit-
(le must also say, that he believed the greater
r3te Gentlemen. of the Bank had not yet
aware of the Dill now intended.
I)Avlkts ,
cmssloooed the measure as intended
rue the convenience of the Bank, and at the sit-
the
ontatry. They would exchange dear
P4i,tt for gold, and inundate the country with
146
he c''ucci`el mituted he the tendency of the
4•GUNFELL said •ne WAS much astonished to
4-able '2atleman (Mr. Manning) sty
-.-ton et toe Bank to yay In:nay in

'specie, in 1817, was adopted, in conformity with the
wishes of the two Houses of Parliament. He wished
to know how the wishes of Parliament had been thus
expressed, for he thought it was an imputation against
the House which ought to be repelled, when it was
said that they_ could have wished the Bank to adopt
so ill-advised a measure.

Mr. MANNING explained. The wishes of Parlia-
ment had certainly been distinctly expressed in favour
of a speedy return to cash payments, and, of course,
a measure which was a partial return to that state,
must be considered as so far conforming to that wish.
Lord' A. HAMILTON thought this Bill was a
mode of continuing the' Bank restriction different
from that usually adopted. As this measure was re-
I commended by the Committee, he would not venture
to speak decisively upon it till the Report of that
Committee was before the House, as it might throw
light upon the subject. For the present, he disa
proved of it, elewing it as the measure of his Ma-
jesty' jesty's Ministers.
Sir JOHN NEWPORT said, he never in his life
entertained a more clear opinion of the necessity of
any measure than of this. It was because he was
eafnest and anxious in his wish tor the resumption
of cash payments, that he pressed for the adoption of
this Bill, and because he did. sot trust to the• sincerity
of the Bank in wishing for this resumption. The ope-
ration of this Bill would. be to compel the Bank to.
recur to cash payments. It had been said that an
Order in Council should have been adopted. But
he contended that it would have been a monstrous
assumption of power for Ministers to have stepped in
with an Order in Council at the very time when the
House had delegated to a Committee the whole
power of inquiring into this subject. He thought-the
Right Hon. Gentleman (Mr. Peel) had even gone too
far in disclosing the reason why the House should
adopt the measure. It was enough to have stated
seriously that the Committee thought it necessary. If
an Order of Council had ben issued, the course
would have been to refer it to that very Committee
which was now sitting, to see whether it were neces-
sary, which would be absurd, when the Committee,,
if they thought it necessary, should have applied at
once to the Home.—(l.lear, hear, hear.)
Mr. BROUGHAM explained. His objection tot
the present mode, instead of an Order in Council, was
its sudden and violent suspension of the Standing
Orders of the House.
CALC It AFT remarked, that no one had talked
of cash payments being near at hand, nor was it
likely, that any one coup venture to do so. But if it
were not near at hand, then the object and effect of
this Bill were too trifling to justify the House in
adopting (t. In measures of this kind, it was proper
to consider what would be' dna effect of them on the
public. mind. If he could at all anticipate the effect
of this measure, he thought it would be considered
as placing the hope of resuming cash payments at a
greater distance than ever.
Mr..CANNING said, it was undoubtedly of the
nature of such a measure as that now proposed, that
if adopted, it must be is a degree on the confidence
reposed in those by whom it was recommended. But
those Gentlemen who had objected only to the mode
in which it was proposed to carry it through, must
consider. that their objections would be equally
dent to it, whether it, was adopted now or after the
recess—(.:m; hear.) If the measure was necessary,
it was indispensible that it should be pressed with the
utmost celerity, and that could only be done by sus•
pending the Standing Orders —for it was to be eon.
Fidered that agitating this question would produce
the evil which it was sought to avoid. It was true that
iiil-;97,the Bank matleanapplication to the Executive
Gov e time nt, which applied the necessary remedy, and
then applied to Parliament to sanction it. But thorn,
as new, the application of the remedy was instant.*
,To have gone into an extended discussion upon. the
„remedy, would have been to excite; and create the
very evil which it was sought to remove. But how
had the Executive Government acted now ? It had
'not necessarily any knowledge of what was done in
the Committee ;• and he had yet to learn that it was
the duty of those ...I embers of the Government who
sat on that Committee to convey to the Crown in-,
foimation of its proceedings, for the purpose of is.
suing an Order in Council—(JJear. hear, hear.)—.
If the recommendation on the Report of the Corti-
rnatee had been made on vague grounds, it .wouid
be for the House to judge of that hereafter. But if
it were, as that Committee had almost unanimously
resolved, that the present state of things would ope.
rate to Nt off the period of resuming Cash Payments;
snrcly it was not too much for them to ask the House
to adopt this interlocutory proceeding. It was enough
that no man, by agreeing to this measure, was pledged
to the opinion of the Committee—(Jlear, hear)
Mr. BROUGHAM explained.—He wished to
know whether he was to understand from tire Right
Honourable Gentleman who spoke last, that the im-
pediment which suggested this measure, was so for-
midable as to make it absolutely necessary.
Mr. CANNING.—A,.s to the word necessary, when
they came to beat out the argument, perhaps they
might disagree upon it; but in his own opini
mustons the
measure was necessary, and if necessary, it
immediate.
Lord ALTBORP said, he thought the strongest
objections to this measure had not yet been removed.
The Bank had made great gain by the restriction, and
it was but fair that they should undergo part. of the
loss to be incurred in resuming cash payments.
Mr.W.JSKISSON said. if the measure was pro-
posed merely to guard the Bank against any loss in
purchasing bullion, he should not insist upon its ne-
cessity. But if the Bank bought all the gold in
Europe, and issued it all, no considerable part of it
would remain in this kingdom, and, in point of fact,
we should be as far as ever from the permanent re-
sumption of cash payments, The gold now in the
coffers of the Bank, if it were issued, would be in-
stantly exported. The object, therefore, of this Bill
was to prevent the'necessity of its being issued under
such circumstances ; and the Committee had stated,
that when they presented their Report, they were Of
opinion they would recommend measures which wooed
enable the Bank to resume cash payineots.
Mr. ELLICE had no objection to the present met
sure; it would have been better to bate proPosedit„
two years ago, as many of the evil consetitiener
of
the present system might then have bees evade'
11t3 had not yet seen any reason wiry an evile ref
in-, whose nature they had all been agreed, t"
sacred to continge.ao •iting. • TO 0.4-

ever, of the present Measure were so different from
that he her
cduHiadiAinclotiedrEntoitoedhßobwofy' theithseeMecuoajlestrccileH'tshEGeQmouvteEolligßmetbsenaler.td,.
he was so strongly impressed with the inconvenience
of entering at large into the discussion of the sub-
ject on this occasion, that he hardly thought it ne-
cessary for him to trespass at all upon the time of the'
'House. The expediency of the measure must be
rested on the grounds stated by his Right Honourable
Friend (Mr. Peel). The Committee stated as one of
the means for enabling the Bank to resume cash pay-
ments,s
nnecisesswaarsysotothpyriesztehatht
now in tthheatßlatnr. ethesp:cnliye
thing which seemed to require any apology, was, that
the measure had not been sooner proposed. But when
the Report of the Committee eels presented, the rea-
son would be explained why the measure had not
been proposed at a more early period. The Right
Honourable Gentleman (Mr. Tierney) had expressed
surprize that the measure had not been proposed last
Session, when the Bank Restriction Act was conti-
need. But the House must recollect, that at the pe-
riod alluded to the strongest expectations were enter-
tained that the restriction would only be continued
for a.very short period. These hopes had not been
realized. Upon the whole, thetefore, he was con-
vinced, that, under the circumstances in which this
measure was -brcught forward, the House would feel
the necessity of agreeing to it.
A new MEthisett•regretted that the proposition had
not been' brought forward at an earlier period. It was
worthy of .rotree, that it had been offered for their
'consideration only two days before the payment of
the dividerds by the Bank. Considering the natural
agitation of the public mind on the subject, it might
apprise e wise me-asure for Ministers to press the Bill
rapidly through the House. from this view, he
thought it utterly inexpedient to oppose it.
Mr. It PEEL explaitted.-s-The House had not
been appealed to without ample documents that the
existing circumstances demanded such a measure.
The issue of gold, which had proved so injurious to
this country, by withdrawing so large a sum from
our circulation, was a sufficient reason, without even
any other proof; and allowing that there had been
no particular drain since the nth of January, there
was no cause why we should delay the measure a
single moment after the Report of the Committee.
Those who had chiefly formed that Committee had
recommended that the regulation should be brought
up to the present period. The Report of the French
Mini,ter of Finance, from whose information the
means of increasing their cash circulation had been
ascertained, was another strong proof of the expe•
diency of the intended Bill. The advances made by
the Bank, to the amount of five millions in cash, for
the purpose of withdrawing an equal sum in notes,
arose from the best of motives. Had it been foreseen
that metallic treasure to that amount would have
been drained from this country to convert into French
francs, neither the Government nor the Bank would
have been so deficient of their duty as to hare coun-
tenanced the expedient. By the advantage thus un-
fairly and unexpectedly taken, our public circulation
,of cash was of course deficient to that amount. The
Member was about to make his motion, when
' The SPEAKER referred to the usual rules of the
Wine on the introduction of such a Bill. '
r. Mr. PEEL, thanking the Right Hon. Gentleman,
proved that the House do now resolve itself into a
Committee of the whole House.—Agreed to,
Mr. IlusztssoN took the Chair in the Committee;
when Sir R. PEEL moved, that leavete given to
bring in a Bill for restraining the Bank Directors
from making Cash Payments under certain notices,
Atc..--The House was resumed.
Mr. HUSK ISSON, as Chairman of tile Commitlee,
brought up the Report, and followed it up by mov-
ing for leave to bring in the Bill. It was agreed to ;
when Mr. Pest brought in the 13111, which was read
a first and second tittle. It was afterwards commit-
ted to a Committee of the wholy Ilouw. The Report
was afterwards received by the house, and the
Amendnients were read and agreed to. It was then
ordered to be engrossed, Daring this interval, the
I House proceeded to the subsequent Orders.
A isnssEp T.r Avg.
The CHANCELLOR of the F,XCIIEQUEII,
seeing an Honourable Baronet (Sir NV, Ridley) in
his gam hoped that if not inconvenient he would
I consent to postpone his promi.;el Motion on the As-
sessed Taxes till atter the holidays.
...Sir M. W. RIDLEY had no objection to accom-
modate the :tight lien. Gentleman ; but he thought
it would not be amiss to state the ba,:is dins intended
1, plan. Ile would submit to the House a proposition
tor a Voluntar: Contribution, in lieu of certain As-
sessod Tax.rs. lie would take the principle of the
year 1818 as his basis, calculating from the sth of
April, 1819 ; so that the several assessments made
last year should be 'adhered to, and in case any per-
son wished to make a commutation or compremtse
for the whole, that he should be indulged on pay-
ment of 5 per cent. in addition to his assessments.
For this additional contribution, he should _not be
'called upon to make any further advance to Govern-
ment, let him add to his equipage or establishment ,
whatever he might think proper, in horses or car-
riages. It was also his intention to propose that. the
law should continue for three years. These were the
,fundamental principles of the proposition which ire
had in contemplation to submit to the Hour ; and he
liras glad of the opportunity of explaining himself, in
'order that Gentlemen might revolve the subject fully
in their miuds during the recess.
The CHANCELLOR of tire EXCHEQUER ap-
proved of the proposition, and, as far as he could
conceive, hethought it was founded on a very fair
principle.
. Mr. TIERNEY hoped that the Right Honourable
_Gentleman, approvingero well of the ip
would
not indulge his curiosity at the -
ment, by -having too many cc;

Tau-gatherers.
Sir N. W. RIDLEY thought
him to state, that if Qbvernntent
ward 'a proposition of a similnr
the 27th of April, he would
to. the HOW;
_,___,.
• Tuk SfivitVatnarrtorto.
After having-betetivtigrassed, was
.sBoo,'When 'aftsp it; Ilia.
witted.* thirdtifitr.'
.:' Mr, 11110s0N-OURNEY
ii explaitiWg tlw cause of the

which we had experienced. It arose from the i rn-
Cldon of Corn to the amount of £10,000,000.
ti cause had now ceased ; therefore we need be
under no apprehension of farther drains of our me-
tallic treasure.

DURATION OF THE RECESS.
Lord CASTLEREAGH gave notice, that onWed-
nesday he would move that the House, on its rising,
should adjourn to that day fortnight.

BRITISH CLAIMANTS ON FRANCE.
Mr. HUSK ISSQN stated, that he held in his hand
a Petition fool two Gentlemen, who, from the pecu.
liar nature of their claims, had been excluded from
the benefits arising by the Commission appointed to
ascertain and settle British Claims on France.—
Although they had been excluded by the peculiar
operation of the powers invested with the Commis-
sioners, yet the claims of these Gentlemen were
founded in equity; and as British subjects, acting
under the supposed protection of the British Govern-
tuent, they claimed some indemnity for the losses
' which they had sustained. Their losses arose from
commercial misfortunes, in consequence of the Re-
volutionary Governments. They therefore prayed to
be heard by themselves or Counsel, either before the
Privy Council here, or before the Commissioners
in Paris.
Sir JOHN NEWPORT thought, that from the
nature of the claims, as mentioned by the Right Ho-
nourable Mover, the House ought to consent to the
prayer of the Petition. The Minister had been siMeesed
ebylettthere
not to give any preference to monioa.claiMants. He
h„...ciapet:ipshitatoliiotif;
niZttY"..tofrjr the year 1788, by
faith of which several commercial houses had been
established at Bourdeaux and other parts 'of France.
The Honourable Baronet was convinced that com-
mercial interests ought to precede all funded claims.
UP did not think that the three Commissioners now
empowered te a,.seide on the subject of the claims on
France weie competent to thAwni ein all case of a
commercial nature ; and suggested that. un,n iotelli-
gent merchants should be added to the number or
Commissioners,
Mr. HUSKISSON said, that in many instances
claims had arisen from what he had conceived an
erroneous construction of the treaty. He differed
from the Honourable Baronet as to the competency
of the present Commissioners. In every case of
commercial nature they were competent to form a
iwoper and satisfactory decisiun,
sir J. NEWPORT explained, by maintaining that
commercial claimants ought to have a preference to
funded claimants.
Mr. C, HUTCHINSON observed, that there were
claimants who had acted on the faith of the treaty of
1786, by the establishment of commercial houses in
various parts of France I and that the property of
those persons had afterwards been seized by the Re-
volutionists. He recommended those claimants to
the attention of the Commissioners.
Lord CASTLEREAGH intimated, that as soon as
this question was dispr isedof,lie had some observaticns
to offer on the subject of British claimants is Fratice.
• The Petition was received, read, and ordered to ho
on the table.
Lord CASTLEREAGH rose to state tl:e plan
which he meant to adopt with regard to the final set,
,r,leeepkt. of
.British Claimants on France. It was his
intention to. move a proposition to-morrow, and to
postpone the farther consideration of it until after
the holiday% His Lordship denied that anyincfcr-
, mice had been given to claimants, as Insinuated 'of
the Honourable Baronet (Sir J. Newprat).
whele number amounted. to 1,046, exceeding t.;:i
..,iitio.c_.a£l.r.itic,N or about et ht millions stet:in-.
The funded claims amounted to ruarinnortr-Fr
francs, equal tp- two-thirds of the' whole amount,
More than one.half of these had been adjudicated,
anti were pow in.the course of payment, The•plan
recommended to and adopted by the CornmissiOner s
was, to commence with the. roost simple claims, th...t
is, those which could be most easily ascertained.
rn
That CLASS, .if not the elcrity, formed a very large
number, The funded claims were easier than those
of the merchants. Proofs of the latter were fre-
quently very difficult and tedious, ma numbcr of
tandel claimants was 738, and their claims, *
ready stated, anionntei to 133 millions of francs.—
This might be termed the most simple, because easily
certified. The merchants advanced in a slower gra,
dation, because proofs were often uncertain, hot even
such as were presented were obtained with Much (lit',
ficulty. No wise or prudent man could pretend to
penetrate into remote causes and effects where such a
variety of discordant parts were to be formed isno
harmony, but so far as a judgment could be founded
on principles of truth, there could be no doubt of 4
satisfactory termination of the business. His Lord-
' ship declined entering.into further remarks. They
would be advanced with greater effect after Gentle.
men had seen end read the printed Bill,
.
Mr. WILLIAM SMITH started some observations
on the British ClaiMants against Spain: but he thought
Ithat what he had to say would oome with greater
advantage in some other stage of the business.
Lord CASTLEREAGFI gave notice, that it was
his intention to move the second reading of the Bri-
doh Claimants Will to-morrow, and afterwards move
its commitment,
POOR SRTTLRMENT SILL,
. Mr. STURGES BOURNE, in answer to a Noble
I.ord (Althorp), said, that the present Bill was simi-
lar to that which, had been before the House two
years ago. That Gentlemen might fully cempreheed
;be effects of the Poor Settlement Bill, he should to-
morrow move that it be printed, and the further
,parisideration of it postponed till after the holidays.
Mr, CALCRAFT stated, that he had opposed the
Rill last year ; and be was afraid he would be ()Wig,
itch front a sense of duty, to ()ppm it again,
Mr • -et beli- - the Bill would an-

from t.h.
~ morning '1"
for the fi
~'°e,vor'poied
Fo;rdto
slily this Bill
*ief were reason!
:orcittee he wu,a
„te oaly on t.,c
lrer to notice•
said, that th
payments
',iced to itstune
..then it was a
erequisite, in
Ile tl
--iai•pered, that
ym.•.creased, it
la, he
ochis for the !
might
orposition min
szto Cash lb):
although the
vet he cone(
. odd give it
hard and pa
' mulcted for
~ Jailed that if
eaZy get
twenty. one )
any loss, ho
• as a stud,
Call Y.
octKO wits th
would perk;
•••• cot immedi
. ,cr that sur
ir:: :a the loss o
taill by Pas.'
cad the Lido-
aad those
a;t diiaence ti
tx House need
pee Bill. He
mcd, would
3i.vion, but
alai in what
:ng
g the pt
to any r.
• brought t
Luled by ai
is sabject, esp
delivered hi
Lecka who 4:1
•• ever, so Inn
'ect, ili
the present
acing to ttli
iready ua
k. RICA a
tat, and sttn
Ewe in
'iccouable Crt
ob:iect
he th,
long
nia be to th
:-7t t.,1 gold o
it all dese
rz cosequen
ditrerence
..1.) their pc
th
.rions'wont
*with the vie
'elpertita to
tea of liar l
Lbt
anal that tl
est measure
els of a pi
cash payr
ieilcman r
Bank
t.er pr
inducer
Bat ;voc././
pan: vas
-4,.».11,e in
:4; tueit
&t,.tia
1. e, and
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L•ase.l on
cc clul
had
plsslag
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lof the principle, would cu,
re expense of his judg- Mr, RANKS did not believe the Bill would an.
arnmunications with the saver its professed objects, particularly solar as re-
garded litigations. ,
gbt it incumbent upon Mr. S. NURSE observed, that by agreeing to • 1
meat did not bring fix- the present Hill, the cause of litigation would be of
. .
ilar nature on or before tirely done away.
hen submit his motion Mr. GORDON had heard of men seheitad pro-
fessed to have entemd deeply into the amelioration
I
tertioN BILL, of the Pobr Laws; but he had not found any beret
I, was again presented to as yet derived by the Public from those vagulk six, . • /
WI: moved, that it be culations. . .
,
. ~ Mr. FRANKLAND I,RWIfi . approved of the
Y took that opportunity measure. lie imputed no blame to the unavoidable
the law exce4stvg drain delay which had occurred: f.:ct theca .recollect the
i'
.f.;
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