Star.
London, England, 1826-02-18 00:00:00

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IMPROVED RENT or FORTY POUNDS PER ANNU NI,
Amply secured on PREMISES .
On the North Side of YORK-STREET, COVENT GARDEN
TO BE SOLD •BY AUCTION,
By Mr. ROBINS,
(Of Warwick House, Regent-street),
At Garraway's Coffee-House, 'Change-alley, Conshill,
On Tuvasoxv, ad of February, 111x6, at Twelve •D'Clock,
A NET IMPROVED RENT of FORTY POUNDS
PER ANNUM, issuing out of, and amply secured span a
DWELLING-HOUSE and SHOP, situate No. 13, York street,
Covent Garden, held for a Term of nearly• Ten Years, in the
Occupation and on Lease to Mrs. Elizabeth Watkins, for the
*bole Term, excepting ten days.
Particulars any be had on the Premises • of Messrs. Dickens
and Davidson. Solicitors, Quete•street, CheaPside ; at Garraway's ;
sod of Mr. Robins, No. 170, Regent-greet.

wkh Staffoedahlie ; Rama a sadist of Bari= is .toot,
don ; ail prating fot the allohdoit of Slavery.
Tiat 11104 CEIAILTItR:
The Order of the Day having been read,
The Earl of LIVERPOOL rose, piarivalt to lit ncia
tice, to move the second reading oaf tie Bill, to amend
the 49th of George 111. relatively to the Bank Charter.
Before doing so, however, in compliance with the ge-
neral feeli•ig, that it would be a convenient course, he
bhou I d take that opportunity of stating generally the
system which his Majesty's Government thought fit to
adopt under the present distresses of the country. He
was fully swore of the difficulty which attdched to ant
measure which it might be the ditty of the 'Government
to propose ; brit if Minds were disposed to look fully
and fairly at the question the nature of a remedy
would become more obvious than it appeared at first
sight. A Noble Earl had some time since referred too
declaration which be (the Bari of L.) bad made, that
the present crisis bad not been unforeseen by him, as he
had expressed last Session an opinion that it would un.
avoidably arrive. That Noble Sari, however, had thought
that in expressing that opinion he had not in his view
the question of the counter banks. This was erio-
neous. As far as-his recollection served him, and, he
found it preserved in those records, which, however
loose and imperfect-they might be, gave it least the sub-
stance of what was said in that House, hehld'stoted as
one of his reasoni for apprehending an approaching
crisis, that rash speculations were not confined to town,
where people knew best what they were abaut, bet that
they extended to the country through the medium of the
country banks. Of this Government-had intelligence at
the time aswell as individuals. In reminding the Howe of
his-anticipations, be did not pretend to a prophetic spirit
beyond that of any other Noble Lords, whip had turned
their minis to the qiaestion : all he meet to say was,
that no one could consider the subject serioady without
perceiving that speculations took such a tarn that they
must sooner or later be followed by a powerful re.;
action. He completely -agreed with the Nhle Loads
who ascribed the cause of the. recent 'evils to the ox-
traordintry and extravagant speculations growing-but
of the prosperity of the country. Their lagidshipeita
'amnion hid been directed, even last year; icfine rafich•
of the subject by all those projects of Miniltg,and other
geoepanies which had come before thou), and it had
hems their wish, as well as his own and-that of a hloble
Rail opposite, to- throw some obstructions in the way of
ttion, by making additions to the forms of.the
. Of such a spirit there had been no example
the period of the South Sea Rubble. Neither la as
moaned to new projects s it extended to all brooches
of legitimate trade. Much had been said of the dan-
gers of a free trade, and objections to the commercial
ri" adopted by his Majesty's Government had been
samuled on the recent convulsions; but he could shew
that the widest speculations had been made in those
articles which bad always been free. There were Re-
turns on their Lordships' table of the principle articles
of trade, shewing the average quantity of raw material
imported during the three years before 1825, and con-
trasted with the importation of that year. It Would
appear from these that the average of sheeps".. wool
imported in 1822,1823, and 1824, was 20,341,0001br
whilst in 1825 it. was 38,700,00011 m or an incites* of
sdoety per cent. The average importations of cotton
wool in the same three years amounted to 161,000 bales ;
1825, 220,C00 bales. Tim quantity of indigo in the
fornser period was 5,0001b5. in the latter 7,oooibs. The
halloo wino of square timber had been increases from
551,000 to 634,000, and that of deals from 41 to 48.000.
With respect to silk, on which so many complaints had
been uttered, because its importation in a manufactured
state would be opened next July,. on paying a duty of -
SO per cent. the speculating spirit had acted with still
greater power.—The quantities of the raw material im-
ported by merchants andfmanufacturers were immense.
Thrown silk bad risen from 404.0001b5. to 800,0001 bl.
that is to say theimportation of that article had nearly
doubled itself in the space of a year, whilst that of raw
elk had increased at she rate of from two to three
thousand pounds weight.—There had been also a great
augmentation in the imports •of wine-and tallow. It
was-evident, therifore, that the same sprit of, gambling
which displayed itself in so many wild projects acted
with equal power on all- branches of legitimetetrade,
and must inevitably be followed by dangerouy le-action.
But how were the n cent evils connected with the cur-
rency.? This was the next point to be considered. He
knew that in most publicaDours some ascribed them Ex-
clusively to exttavagant epecslations, and Others to the
currency. He thought that they would not ha?, pro-
ceeded safely from speculations had not those specula-
tions been aided by the state of the mummy. Specula-
tions and the spirit of gambling had beewthe origin of
the evil, but it could not have been carried on to such
an extent without the aid of the currency. This was
the newel and plain state of the case. Now the ques-
tion of the currency might be-divided inty two branches,
oat applying to the Bank of England and the other to
the country-basks. Ou leaking at the whole amount
of Bank
halfot E21824,
land notes issued tons 1819 to 18'413.•
and one
that its circulation wasthienreawnyas dimegrremas°ezncteossilvueß.P°llt:
1823 the exchanges were favourable to this country,
Abash the Bank had increased its issues ; and though
it was a disputed point by many knowing and Meyer
persons, yet most individuals adhered to the idea ge. e-
rally entertained, that the exchanges suroished an infal-
lible test by which the currency was to be tried. In
August, 18514, they continued to be favourable to this
loountry ; but in September they rook an uokeourable
Was and in the latter end of that . year, and
the beginoing of 1815, the Bank incroaelits issues.— -
It must bd said for the Sink, however, hat in March,
182.5, it ssw the necessity or drawing in. Between the
15th of Feoruary and the 15th of May, Of that year, it
reduced its issues to the extent of 1,300,0001- batossaa