Star.
London, England, 1811-07-18 00:00:00

Ardent it was .inviclinusly introtluded—g-Wr. ereeiiy
denied that he had so introduced it.)—The manner,
the time, and the observations, were too glatin7, not to
convince the House of the motives of the Honoura-
ble Gentleman.--'( Hear, hear.)--With respect to the
question," if persons were not Ahmed vote because
they might have a profit in the subject under discus-
sion, that doctrine would go the length of infringing
on the liberties of the House. if the right of Voting
was to be refused to Bank Directors, there was not
an individual in- the House who - might not be said'
to be interested, for there was'not a holder of Bank ,
notes who was not eventually, perhaps, to be benefited.
Mr. W. SMITH did not see that there was any
fair application of the argument rolative to the ex-
clusion of the Corn-growers. They were not a cor-
poration—they had not an united interest, and that
interest was not against the public in general. The
Bank, too, had an enormous profit concerned in theiP
vote. For some time before the restriction, their di-
vidends were 'only seven per cent. But M the four-
teen years which have since followed, the dividendi
have been ten and three quarters, and notwithstand-
ing this expenditure, their capital had increased fifty
per cent. An idea of their profit might- be formed
from ithe recollection, that money left to accumulate
only doubled in fourteen years. But bereaves an es‘,
penditure of double the usual interest on which
money grew, and yet the money doubled in spite of
the expenditure. No body of men should be allowed
to legistate avhen their interests were directly and pe-
culiarly affected, and this was the ptinciple of all
trusts as well as those of legislation. He did not
affect to praise Lord King's conduct, but rather
thought, that in that Noble Lord's place he would
tot Gave acted in a similar manner.
Mr. BANKES thought the Bank proprietors ought
• to be permitted to vote. •
Mr. ABERCROMBY thought they ought not.—
'The connection between the Minister and the Bank j
was already too strong, and the vote of the proprie- I
tors on the present occasion ought not to be added to
what they had already done. It was the Bank that
called for the Restriction in 1797,. by complaining
that they could not pay their notes but by the singu-
lar medium of other notes. The names of Lord King
and Lord Arden had been brought together : but
certainly with different merits. Lord King's conduct
was only matter of private concern, arising from his
private conduct of his private affairs Lord Arden
held the public money to an immense amount, and
when called on for an account of it, his cry to the
Commissioners was, " tell me first, are you going to
deprive me of my freehold ?" (Hear.) Was it won-
derful that so surprizing an answer from so public a
man, should have excited public, universal, and still
lunsatisfied surprise
' The CHANCELLOR of the EXCHEQUER
contended that there was not the propriety in the
introduction of the name of Lord Arden into the dis-
.cussion, as there had been in the introduction of that
of Lord King. He did not see that the circumstance
of Lord Arden's name happening to stand at the
head of the list of proprietors of Bank stock justified
the Hon. Gentleman in referring, on an occasion like
the present, to that Noble Lord's examination before
a Committee, on a subject of a very different nature
As to Lord King, the subject could not he disci' ssed
without mentioning him. The very subject of the
debate was the conduct of that Noble Lord, and the
very ()Wet of a Bill bJore the House to prevent hat
conduct from becoming general. The HMI. Mover.
had treated this subject, as he had frequently treated
other subjects, with a sort of irony it a character s
doubtful as to leave his true memling completely un-
certain. Fortunately that did nut much slimy. T.(
shew the error of mentioning; the name of Lord icily,
he mentioned the 'fame of Lurd Arden ; and then
said that he (the Chancellor of the Exchequer) had
been as unjust in the one case, as he (Mr. Creevey )
was in the other. The injustice of the Hon. Mover
was unquestionably very apparent ; and so far he
was certainly extremely happy in the instance which
he had afforded. He (the Chancellor of the Exche-
quer) denied that he had ever called Lord King a
Jew nr a Pedlar. Wh it he had said was, that the
N:ible Lord was the first individual cf. his description,
who had acted in the way in which Jews and Pedlars
were gccustomed to act. As to the question itself,
the argument of his Hon. Friend near him was con-
clusive upon it.
Mr. HIBBERT said he should oppose the Reso-
lutions. There was scarcely a question in which
some Gentlemen might not be more or less interested
than others, but still the good of the whole arose out
of the accumulated interests of individuals.— (Hear.)
He should oppose the Bill, but he could not think
that the smelt proprietors should be prevented from
supporting the Bill if they thought tit to do so. He
was not one who would be suspected of flattering the
Bank Directors. He had been and was anxious for
placing a limitati•n to their discounts, but he must
say, that during the thirty years that he had been a
merchant, he never yet heard their conduct arraigft-
ed.—(lhar !)
Mr. CREEVEY then shortly replied. He begged
leave to disclaim all the apologies, direct and indirect,
that had been made by his Honourable Friend or others
for his introduction of the name of Lord Arden. (A
laugh.) He did not think any apology called for,
and he should make none. He frankly admitted, that
he particularly specified,Lord Arden for one reason
among others, because he was the brother of the Right
Honourable Gentleman who hada)een so forward in
his strictures upon the conduct of Lord King, for doing
nothing more than what Lord Arden had before dome.'
He found the name of Lord Arden at the head of the;
list of stock-holders, and that he was in possession of
£200,000 of the public money. He had in that in-
stance provedhimsella vigilantdefender of his property
in fees. Lord King had only resorted to the known
law of the land to defend his property. So far the
cases were not dissimilar. (Hear, hear, from Ministers.)
He contended that it was in both cases a defence of
property, with this difference indeed, that Lord King
acted in defence of his hereditary property in land,
while Lord Arden was the strenuous asserter of his I
own overgrown property in the profits arising out of I
the abuses of the state. (Hear, hear.) There was
this difference between the two cases, but no other.
As to the jokes of the Right Honourable Gentleman,
while he had so many around him.so eager to laugh ;
at them, before they were well heard, he (Mr. C.)
could not think of contending with the Chancellor of
the Exchequer in iesting.
The S P.EtilfsEß said, that the question was a asters

oite a law-and tact, it rn4fht be tiintight 40 tall
his duty to state his opinion of the law. He took it
as a rule perfectly established for the last WO years,
and even then an old rule, that interest did always!
disqualify ; it must, however, he a direct pecuniary
interest, and separately belonging to the individual :
the question of fact was before tile House, and noon
that they would decide•how far it came within the
operation of the law. This was for them to prc.r.ounce
and not for him to say.—The motion vu then neg....-
dud without a division.

GOLb COIN BILL.
On the question for the House going Into a Com-
mittee on the above Bill,
Mr. BANXES was anxious to fix the attention of
the House on the miserable nature of the silver coin:
age which had been just issued. It was a disgrace to
the arts in this country, and it would be no unbecom-
ing consideration to contrive some way of remedying
what, though it might appear a trifling, was really a
national discredit. He mentioned this in the hearing
of the Right Hon. Gentleman (the Chancellor of the
Exchequer), because, though he was not actually an
operator in the Mint, he was supposed to have an
office of some kind or other there (a laugh.)
Mr. DENT wished the merchants had done as
they did in 1745, and by resolving to take the Bank
paper, saved the necessity of the present Bill. -
Mr. BROUGHAM objected to the Committee, as
no probable alteration could make the Bill palatcable
to him. But he wished to knew as to'the new coin,
whether it was coined at his Majesty's Mint? Well,
then, if it was, who paid the expence ? What was its
value ? How much alloy was in it ? What was its
weight ? Was the alloy copper or tin ? The bankers
were in want of change, and they could not get 20
worn shillings for the undepreciated pound-note. And
from some mismanagethent in the new coinage, its
value was above that of the note still, and the ban-
kers were obliged to give an agio 17s. per
cent. for those three-shilling pieces.
Mr. MANNING, in answer to the question of the
Honourable Gentleman, stated, that the three-shilling
tokens contained nine pennyweights and eleven grains
of silver, which, according to the present price of sil-
ver at ss. I Id. per oz. made them worth 2s. 9td.
each. Whether the issue of these tokens were right
or wrong was not then the question ; they had bent
issued pursuant to an Act of Parliament, which had
been passed for the purtkose.
Mr. ROSE said, that before the order was made
for the issuing of Bank Tokens, a Committee of the
Privy Council had examined I 9 or 20 of the most emi-
nent Bankers in London, as to the propriety of such
a measure, who had all strongly recommended it.
Mr. P. MOORE said, that the state of the coun-
try did not call for this measure ; that there was no
Parliamentary grounds shewn for it, no necessity
attempted to be asserted in the Bill. That there was
specie enough in the country, as might b. shewn from
the reports-tit the Bank Directors themselves, if mea-
sures of confidence were adopted to call it into cir-
culation.
Mr. N VANSITTART said, that when he heard
that an Hon. and Learned Gentleman near him was
abeut to propose a series of Resolutions, he had felt
no small degree of alarm, but that alarm was in a
good degree quelled, by :he specim‘ei afforded by the
.1-earned Gentleman (a his reasoning on the subject.
Mr. Betoucill...m explained.
The Holi,e then divided on the question of going
into a COnlnoittCe, sthen there were—For the Com-
mittee 75—Against it I I—Majority 64.
Oil the re-admission of strangers, the House was in a
Committee on the Bill, and the CHANCELLOR of the Ez-
, massmett was on his legs explaining the amendments
ashich he intended to propose. The first was, in the
first clause, to render the wording of it more precise.
The second amendment was, in the second clause,
to introduce the words, that every person who shall
offend therein, shall be deemed and adjudged guilty
Id a misdemeanour." 'The third amendment was a'
Itlause to make the offending against the act in Scot-
land a rnisdeme tnour punishable by fine or imprison-
ment, or both, in the same way as in this country. -
A long conversation took place in the Committee
upon the Principle of the Bill, which has already been
discussed on the second reading, and will be debated"'
main on the third reading, in which Mr. W. Sutra,
MY. TAYLOR, Mr. THORNTON, Mr. DENT, 11410
BANKES, Lord FOLKESTONE, Mr. JOHN SMITH, Mr.
TIERNEY, Mr. VANSITTART, and the CHANCELLOR of
the EXCHEQUER, took part. The several clauses, with
the amendments, were in the end agreed to.
The CHANCELLOR of the EXCHEQUER
thought it would be convenient for all parties to come
to some understanding, whether the debate upon the
principle of, the measure should take place upon the
report, or upon the third reading? After all that had
passed, he did not think it would be .desirable to the'
House to have two more long debates on this measure.
Mr. ABERCROMBY stated that an Honourable
t,tiend of his, the Member for Worcester, now absent,
had given notice of his intention to move a clause for
limiting the issue of bank-notes • and that he had no
doubt but his Honourable Friend would acquiesce in
•itriy arrangement the House should make.
Mr. BROUGHAM stated, that the notice of his
Resolutions stood for Friday.
The CHANCELLOR of the-EXCHEQUER
then suggested, that the debate on t;.e Bill should
take place on the Report, this day (it being past 12),
and the debate on the Resolutions on Friday.
Mr. TIERNEY observed, that the Resolutions
might be discussed this day, and the Bill debated
on Friday.
Mr. BROUGHAM, having to attend before the
Privy Council this day, and also in the House of
Lords, could not bring on his Resolutions ; but as
they related to the principle of the Bill, the debate on
them, and on the third reading of the Biil, might be
taken as one debate on Friday.
The CHANCELLOR of the EXCHEQUER
acquiesced, provided that the Learned Gentleman
would consent to state all the arguments with which
he meant to support fits resolutions on the question
for the third reading of the Bill, and when that should
be disposed of, he might move his rsolutions.
The House then resumed, and the report of the Bill
was ordered to be received this day.
Mr. TIERNEY moved for copies of all communications be•
tweet' the Dirvctors of the Bank, and the Chancellor of the Ex-
chequer respecting this measure. It was of importance that the
public should know what was the opinion of the Bank upon this
measure. '
i After a few words from the Chancellor of the Exchequer, Mr.
Atiasibig sat 44. Mow,. Oa questions was put mad siagneeeds

~

~,-, P

LONDON.

_

tVENtIVI STA.

THURSDAY, SLILY 111;
PRICE CIP STOCKS THIS DAY AT ONg &MOGI&

3 per Ct. Coot for money mod sce,unt 61+ 62 • e. die; °
3 p rC. Reduced 62.1 t —Nilry :per Cent. 93i} er !i‘t
4 per Cent 784/-43ond, 114. 12,. prem.—Otnnium 2 dia.
Excite+ (3d.) yar to 24. preen.--thito (Sid.) 54. 61. pram.
WINDSOR -CAiTLS, SULY 17.

is His MAJESTY has had some sleep during the
night, and his disorder has not increased since yestera
day. (Signed) " BAILLIE, HE3ERO2IO, WILLIS."
When this Palter went to press, the only accounts
which bad reached us from Windsor were, that, after
issuing the Bulletin yesterday, his MeiesTY had
been bled, but was still so much indisposed, that the
Pains REb/INT had been sent for. On receiving
this information, his Royal Highness Set out front
Carlin's:A-louse, for Windsor, early this mornings
' Since writing the above, the following Bullvtlh
received in town : 44 WINDSOR CASTLE. JULY 18.

" His MAJESTY ha had some sleep'in the night,
bnt he is not better this morning." (Signed as &dote.)

We this morning received the folloveltit letter,
and. from the quarter through which it copes, *e at
not without hopes that it may yet prove true that the
enemy hate suffered some loss in the ii.ty of Rosa'.
44 PLYMOUTH, JULY 16, Q P.M.

" A Gentleman of this placeshas received a letter
from off L'Orient, reporting that three sail of the line
and some small craft had been captured in the Medi•
terranean and we understand that his Majesty's ship
POMPIIY, cruizing off L'Orient, boarded a fishing boar,.„
by which she was informed that the Toulon Fleet had
been at sea, and that three sail of the line and two
frigates, had been lost in the Bay of Rosas."

SECOND E DITION.

DISPATCHES FROM LORD WELLINGTON:

" fly the Lisbon Mid arrived this morning, Go.
veinnient have received dispatches froth L WEL
LiNcrroN to the 47th ult. Lord WELL'Novo% was at
Qtri9ta de Sr. Jaoa. Upon the 22d a piccinet of the
11th Light Dragoons, commanded by Captain
LLITI ENS, was surprizeJ by a strong reconnoitring
party of the tnemy.
" Another of our Vcquets, composed of part of .he
2d German Hussars, suffered some loss upon this
I occasion.

-..-
" The steadiness of the Allied Cavalry arrested the
advance of the enemy towards Can po Mayor, and
they retired without haring been able to ,reconnoitr•

our po,pion.
" The enemy occupied the country between Ba.

d,ijoz and Merida, and they seem intent upon col-
lecting provisions.
Don JULIAN SANCHEY has been very actively
emp!oyed in the Plains of Old C .stile, and has suc-
ceeded in interrupting, a convoy between CithlAd
Rodrigo and Salamanca. King Jose. Pies baggage and
private property has fallen into the hands of Nils As
" BLAKE recrossed the Guadiana, near Trictola,
and upon the 24th, was at Castillizosi marching
upon Seville."

Private Letters from Lisbon communicate the
important fact of the Retreat of the French to Tot..
lavera, after throwing in a reinforcement of 5000
Infantry, and 1000 Cavalry, into Badajoz.
We understand that on the retreat of the Bri.
tish the French captured a piquet consisting of an
officer and SO Dragoons. This is the only loss we
have beard of.

The Walsingham packet has arrived frbm Lisboa
in 15 days, but she brings no intelligence in addition
to that brought by the Mermaid and other arrivals.
We are glad to find that the spirits of the Portuguese
are by no means depressed in consequence of Lord
oWat.t.moToN's retrograde movements. The following
I are a few extracts from the Portuguese Papers,
brought by the Wzlsingham
LISBON, JUNE 55.
Letters from Elvas of the 2241 instant, say little in
addition to that communicatrd by Lord WaLuricrrott
in his official dispatch. Our army is posted on the
right bank of the Guadiana, and that of the enemy
on the left of the same river. It made a reconnoitre
towards. Badajoz, in consequence of which a skir-
-1 mish took place. in which we male some prisoners.
Jusw26.—The Cadiz Gazettes which we have re-
ceived to the 16th instant, contain important Intel&
Bence froin Catalonia and the other Spanish proa
voices. In Santonha 4000 English have disembarked
I
I to join 4000 of
,Langa's party, and 8:k0 more be-
longing
to Mena, to go to Pampluna: Yesterday a
number of English cavalry disembarked. ,
Ju NE 28 —Ev'ery day the Cavalry are disembarked
which lately arrived from England.—Yestet day some
ships and frigates entc:••cl, convoying tss vessels, be-
sides a large convoy which passed to the south of uur
Ear. . •

SEVILLE, MAY 2L
This day trrived hot from Dos Postos, 500 in,.
fanny, and 40..) sick, from Esti- Ime.ciur.t.

Sir J. BR AN/COMB :And Co. hare the pleasure to au.
nounce, they have this day contracted with the 'fri.a.
sury for a New Lottery, to draw the '2sth et Octobe;
next. The Scheme will be on an entire new plan
containing 10,019 Prizes—only 9981 15L4 a k5—.,0,006
Tickets—'more C.tpitals than usual—mete Pllll.ll thaa
11314310--and no Prize under selth

-