Star.
London, England, 1811-07-03 00:00:00

country required a circulating medium, it rule] the
traffic of the people. Gold and silver vanished in
France,when the people lost confidence in the Bankers;
but so soon as the paper was ruined all the. old -
cuirmcy reappeared, all persofti were rejoiced at
getting rid Of those who preyed upon their means
of existence. The Noble Lord conjured his Ma.
jesty's Ministers to consider what they were about
to do, and not give the:r approval to a measure so
se -y carelessly explained. The Bank of Scotland
had not one note on issue but what was liable to be
made cash at the Bank on demand, and the whole
system seemed better arranged than that of Eng-
lani. He hoped, at least, that something like ar=
gument would be used by his Majesty's Ministers
before they passed the
Lord REDESDALE belieVed that the restric-
tions of 1797 made Ole paper into cash for the
service of the Public in paying of taxes, Ste;
Though he somewhat disagreed with the measure,
he thought it might be amended in a Committee
much to the benefit of the Public.
Lord GRENVILLE considered the present
measure as the most important of any which had
for a long while engaged the public attention. A
wrong turn was given to the measure in the House
of Commons, the eyes of the House were shut
against it, aid they acted contrary to nature, iate-
rest, and policy. The nnisters of the House of
Lords deigned nit to speak on the subject, znd
t'te only one who•ventured had forgotten all argt -
ment. His Lordship concluded an eloquent and
most argumentative sp,el:ll with v. i ig against the
Bill.

The Earl of LIVERPOOL had forborne to rise,
until he should have heard al tl at could be said by
other Noble Lords. The nrinciple of t'le Bill, as
he had before stated, he l.ighly appro ,ed of, though
he was still of opinion that it was nut right to extend
the principle of legisl ition without strong mot vas,
but if possible to re.:t t.n the law as it stood.
He still was of opinion, that the examrle of
the Noble Lord alluded to (Lord King) was
not likely to be followed, but saying that, he by
no means would be understood to impute any blame
to that Noble Lord, or to infer that his own no-
tions of what appeared the public good should
influence the individual conduct of any matt. But
the interest of the landlord he held to be inseparable
' from the interest of the tenant, and that both must
flourish or decline together. He was not prepared
to think so sanguinely as the Noble Mover of the
efficacy of his Bill ; but on the coolest reflection
he was persuaded that some of that tendency was
necessary under the present circumstances of the
country. With respect to what had fallen from
the Noble Baron opposite (Lord Grenville, he must
obsei ve that no subject had ever received, both in
Parliament and out of doors, a more ample and
complete discussion than had attended the subject
of the paper currency and the Bank restrictions ;
and as to the scarcity of gold, that was the neces.
sary conse:,unce of the present state of Europe
and of the world, and mr.s indeed little more than
in a due proportion to the increased consumption
in this country of all the articles of necessity or
convenience. The act adopted in 1797 respecting
the Bank was an act of deliberate wisdom, founded
on necessity ; and it could not be maintained that the
principle of that measure was less exceptionable than
that which the present Bill had in view. He denied
that Bank paper had suffered any real depreciation ;
and adduced as a proof, that the 70 millions of annual
revenue, which might all be paid in Bank paper,
exceeded threefold the utmost issue made by the Bank in any
year. The great object of the great man, Mr. Pitt, who had
resorted to the measure in 1797, was, to place the public creditor
upon the best footing. The Bill at first was temporary, but
circumstances, within a year, bad occurred to extend its enact-
ment to the end of the war. The same policy, he contended,
ought then to be pursued. It was found impracticable for the
Bank to pay in specie, and were it otherwise, and gold were
actually paid, it would infallibly go out of the country to tbe
aggrandisement of the enemy. He concluded with voting ftir
the Bill.
Earl STANHOPE, before he should say a word in reply ID
the arguments he had heard, was desirous to hear from a Noble
Earl (Lauderdale) an explanation of an expression which that
Noble Earl had used in reference to him ; namely, " peculiar
motives."
The Earl of LAUDERDALE explained, and denied any inten-
tion to convey the slightest offence to the Noble Earl.
Earl STANHOPE was perfectly satisfied, and did not ask
for the explanation so much for his own satisfaction as to prevent
any misconception which the words might excite in the ears of
I others; fur he was conscious, that if there was a man breath-
I who contemplated and pursued public objects without any
selfish regard, that person was himself. He was, indeed, $
speculative man, and had spent large sums of money lo the
; prosecution of schemes which he thought might be beneficial
to the country ; but in thus pursuing his inclination, be was
only performing what he considered his duty ; for every man
enjoying an ample income, without labour or habitual industry,
be regarded as being no other than a suit of guardian for dis-
I posing of that income for the public benefit. He should not
at that late hour take up much more of their Lordships' time.
He had not indeed flattered himself that he should have the
support of Ministers, but it was singularly whimsical, that the
speeches of his Noble Friends against his Bill, bad converted
Ministers in his favour, and done that which all his arguments
would have attempted in vain.
The question being then put from the Woolsack, a division
' took place, in which Earl Stanhope's motion was carried 36
to 12.
The Bill was then ordered to be committed for Thursday
next, aid the,r Lordships summoned accordingly.
Adjourned to to-morrow (this day).

HOUSE OF COMMONS.
TUtiDAY, JULY 2.

- -
The House was summoned into the House of Peers by the
Deputy Usher of the Black Rod, to hear the Royal Assent
given, by Commission, to the Spirit Drawback Suimension Bill,
the Act relating to the improvement of the Bogs in Ireland,
Vexatious Arrests Eill, and the Irish Insolvent Debtors' Bill.

ADDRESS TO THE PRINCE. REGENT.
On the motion of Mr. S re PIIENS, an Address was permitted
to he made to his Royal Highness the Prince Regent, humbly
requesting him to order from the Governors of the West India
Islands, an account of the number of Slaves until the latest time
such accounts had been taken. An account of the whole inha-
bitants, with the number of the free persons of colour. Tht
cures of Clergymen of the church of F.ngland resident and non-
resident, with the extent of the parishes and the amount of
their inhabitants, with the number ot the Dissenting Clergy-
men. An account of all acts relating to punishment of offences
of Slaves, and acts of any incorporate body on the religion of
Slaves, with the number of the prosecutions at the bar of the
Admiralty Court of vessels on the Slave Trade, and the account
of Slaves bound apprentices, dates of their indeutures, and
names ot those living.
A Messenger from the Lords intimated their Lordships aip.
proval to the Westiminster Hustings Election Bill.
! On the motion of Mr. 'Vow, the House, at its rising, was
ordered to h: aujoerned to Monday.
Er. Swale observing •he thinnees of the House, and the in-
terval of time wich they had awaited, without doing any busi-
ness moved, that the House should he adjourned.
The SPEAKER observed; that the House had given attendance
to the Peers before four o clock, and having returned, were for
a considerable time without performing any businesa. Such de-
lay he did not deem proper, and the House had no occasion vs
indulge those Members who had Motions to make, when they
did not attend at the usual time. He believed the motion of the
Hon. Gentleman WU highly expedient.
The motion was then put front the Chair, and carried.
The House then adjourned to Monday.