Star.
London, England, 1826-03-18 00:00:00

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aor any other man living could tell. No men of cha-
racter would ILish to embark their capital without a
likelihood of deriving a fair return from it. What
would be The consequence of the new system ? It would
induce hankers to conduct their business in the English
mode, and to pay no Interest on the money deposited in their hands.
He therefore understood perfectly well why bankers might be
friendly to the measure • but it was the people who.had grows.
prosperous unii,e)-thals;esent system—it was the people who would
Purer. He Masson the Gentlemen who had brought the various
Petitions against the measure. They were anxious to answer ques-
tions, qfiritritstpport a particular doctrine* but fairly and frankly to
ssti4fy the House and the public of what would he best for the
country at large. And he had no doubt, that after ;hearing them,
the Noble Earl (Liverpool) would not only feel disposed to remodel
his measure, but that before the end of the Committee, he would
be snore inclined to transfer the system long established in Scotland
to Enghnd, than to extend his new-fangled banking regulations
from England to Scotland.
E.rl GROSVENOR was understrod to say, that it
would have been better, bad his Majesty's . Ministers come down
with a measure at once, instead of proposing the appointment of a
Committee. _ _ _

The Earl of LIVERPOOL said, that they had
thought it more consistent With their dignity, on a
question on which a variety of opinions
.prevailed, to
afford the means of a fair and full investigation, than
to come forward with a measure of their' own, As to
what a Noble Earl (Limerick) had said about 'lreland,
he had been surprised at h'i argument. If it were true,
that Scotland had not suffered in het banking system,
the same could not be said of Irel in.t. She had suffered
more than any other ; and it would be ton mush to say,
tL at she would be quite safe,.becausr a new system of
Winks had been established in that country within the
last three years, a system which he believed to be good,
but of the efficacy of which there was not yet sufficient
time to judge. As to the Commute, the subject was
not robe decided by the question, whether the state of
the Banking Establishments in Scotland and Ireland
were such as it ought to be ? It would be considered
with reference not only to the feelings of the people,
hot also to the commercial interests of Scotland. Within
the last ten years Scotland had suffered as much and even
more in commercial distress than England. Another clues.
Lion should be, whether under the present state of things
and the commercial relations of this country, it was pos-
sible to support one system in one part of the United
Kingdom and a different one in anothet ? The Noble Earl
(Lauderdale) might say, have your system, but let us
keep our own; do not force yours upon us. But could
they in Scotland do without us ? Could they do without
coming on the Bank of England? Could they relieve
their own distresses themselves without calling on our
Government for an issue of Exchequer Bills, or on the
Bank of England for advances? If they could do
all that ; it they had no expectations wha•ever from this
country, and did not want the aid of a single sovereign,
then indeed they might remain as they were. But if
this were not the case—if in times of commercial dis-
tress they came to England for relief, then England and
Scotland and England and Ireland were so far connected together,
that when a new system was established in England, it wee but fair
to inquire whether it ought not to be extended to the others. He
should not go farther at present intcrthe question. The Committee
being appointed, it would be indecorous to do so. Let his Noble
Friend (Lauderdale) come down to the Committee; let him cam-
vince Its Members, and afterwards the House, that Scotland could
towage her own affairs, support her own establishment, relieve her
uwo distresses, and want nothing from England, and the necessity
of a change would be superseded.
The EARL of LAUDERDALE said, 'that had it
not been fbi the new tootle in which the Noble Earl
clvise to administer relief to the people of the country,
bsvilanslyevi4 have ne occasion to apply for advancei,
to the hint of England. As to an issue afTeclstipter MIN he
would contend that the Scotch people had as great a right, in times
of distre,,s, to apply for it to the Government as the peplos' Eng-
land. The argument of the Noble Earl, therefore, was wholly
founded on his own practice. and not on the regular tours* of things.
The Earl of LIMERICK explained.
The Duke of ATHOL believed that if a measure like that pro-
posed had been introdneed some yeses ago. there would be a great
difference in the amount of taxes paid by Scotland, from wart of
means to pay them.
Viscount CLIFDEN wished for protection against
Country Bankers. In 1819 nine Bankers had failed in
the country parts of Ireland, and one in Dublin. It
was a case of great importance to prevent those country
hanks from again springing up. The loss did not fall
nn the rich, not even on their agents, but solely on the people.
Could that be otherwise, when a bank in Northamptonahlre had
broken for 120.00e4. and had alerts oply to the amount of 11,00 W.
He had a horror of one pound notes. Scarcely had they reappeared
in circulation, and there bad already been a condemnation, if not
an execution, in the coonery on the charge of forging them.
The .Earl of CARNARVON conceived that his
Majesty's Ministers acted in a most extraordinary
mounter. Having decided without any inquiry what-
ever, that small notes should be abolished in England,
they were now going into a regular investigation to
ascertain whether such a measure would be proper for
Scotland and Ireland togethtr, thus excluding England
roni the benefits of the inquiry. This was a most hasty
and extraordinary proceeding at a moment of public agitation,
which it tended to augment instead of assuaging. Why should
they not have a Committee of the whole House instead of a Select
Committee, the majority or full moiety of whom were English. It
was in fact as nearly as possible a revival of the Committee of IMO,
sod be was afraid that Bank Notes would not have fair play when
submitted to the Midas. of that day, who, whatever their ears
alight be, were so empralloot gold that they would endeavour to
extract blossoms othalliss nem from the Caledodian thistle. He
*mold have espeeml main geed from an open than from a Select
Committee.
Lord ELLENBOROUGII should also have preferred a Com-
mittee of the whole House. lie believed, however. that the result
of the labours of the present one wools: be the abandonment of the
measure, as far us it respected Ireland and Scotland, for at least
one year.—Tbe stssiou was thew agreed to.
The Army and Marine Mutiny Bills went respectively through
Committees, and were reported.—Adjourned.