Star.
London, England, 1818-05-19 00:00:00

meant that a loan was to affect the price of gold in
this country ; that gold was to vary because the King
of France had borrowed money. Surely it had never
come into the heads If Gentlemen opposite that the
iprwa corpus of the bullion was transmitted. Remit-
tances were not made in bullion; or if they were,
when made, the bullion was sent as any thing else
would be transmitted. There had been only 150,0001.
sent in gold, of the loan made to the Emperor of
Germany. The advances from the Bank to the Go•
,ernment had been about 1'2,000,0001. The Right
Honourable Gentleman had made provisions, how-
ever, for advances by way of ExcheTier Bills to the
amount of 20.000,0001. When he recollected that
that had been the cause of the stoppage of the Bank,
the House might be satisfied that the stoppage in
1797 had proceeded from no other cause, and there
was no reason why a similar effect might not be pro-
duced in the prevention of cash payments in 1818.
He did not mean to reflect upon the Bank for any
thing that had happened. It was the business of the
Directors to do all they could for their Corporation.
They had certainly made considerable profit for their
Corporation, but not in a way most advantageous to
the country. The Honourable and Learned Gentle-
man concluded by giving notice, that he should, in
a future stage, propose to insert in the preamble an
amendment, for the resumption of payments in six
weeks after the next meeting of Parliament.
Mr. C. GRANT said, that most of the arguments
of the Honourable Gentlemen opposite had been
upon remittances, on which subject he by no means
agreed with them.
Mr. GRANT, jun. said, it seemed to him that thia
measure, load it with what charges we pleased, had
had a material effect in carrying on the last war to
its successful termination. He objected to it as a
permanent measure, because he thought that its,
merits consisted in its being temporary. Upon the
whole, after a mature and impartial consideration of
the subject, he felt himself called upon to agree in
the suspension for one year.
Mr. BANKES said, he.nsost sincerely wished that
the House had acceded to a motion that was made
some weeks ago to inquire into this matter—(Aear,
hear); and he trusted that the Right Honourable
Gentleman (the Chancellor of the Exchequer) would
consent to an investigation early in the next Session,
when the subject might be gravely and seiii.usly
considered. If a Committee had been appointed, 1w
should have asked the Right Hon. Gentleman on
what grounds he conceived that the Bank would be,
enabled, at the end of one year, to resume its pay-
menus? Was this likely to be the last year during
which the suspension would be continued ? For his
own part, he thought, that from time to time there
would be either some foreseen or unforeseen cause to
prevent the resumption of payment in specie—(hear,
hear). It would be a great point to come back to a
sound state of currency, and the country had a right
to demand it—(lsear, hear).
Strangers were then ordered to withdraw, and the
House divided—For the Motion 88—Against it 21
—Majority 67.
On our admission to the gallery we found
Mr. J. P. GRANT proposing that, instead of the
sth of July, six weeks after the commencement of the
next Session should be inserted.
The CHANCELLOR of the EXCHEQUER said
that a term of six weeks would be too short for con-
sidering so serious a question.
Mr. TIERNEY proposed the 25th of March for
the resumption of casts payments, or that a Commit-
tee should be appointed for that day. The sth ofJuly
was the Chancellor's best friend. But if the whole
business between him and the Bank was not a juggle,
he hoped he would have the candour of the Gentle-
man under the gallery (Mr. Gurney), who held the
,payment of paper in specie to be an abominable
heresy—( Hear, and a laugh.)
Mr. J. P. GRANT withdrew his motion, for the
purpose of giving way to the 25th of March.
Mr. C. GRANT explained. He said also that the
effect of the French loan could not be over by March.
Mr. J. P. GRANT asked, if the Hon. Gentleman
could say that it would he over by the sth of July ?
The House then divided, and the numbers were—
For the Amendment 27—Against it 88— Majority 61.
ways AND MEANS.

The House then went into a Committee of Ways
and Means. On the CIIAIRMAV moving a Resolu-
tion that 250,00 J/. be raised for the service of the
current year by way of Lottery,
Mr. LYTTLETON, aware that the House would
listen with some degree of impatience to the argu-
ments on this subject, so often repeated, would only
urge the principal objections against the measure.
It was objectionable on all grounds of morality, and
he had hoped that it would have been withdrawn,
as the Chancellor of the Exchequer had lately changed
his opinion on subjects of less importance—(hcar.)—
He was unfortunate it the Chancellor should perse-
vere in this alone. However, it was his duty to
protest against it, and he would do so to the last.—
The most honourable distinction of a deliberative as-
sembly was, that it acted on general principles, and
not on the convenience of the moment. If it was
urged that the revenue of £250,000 could not be
spared, it might as well be said that a revenue might
be raised from brothes and gambling-houses. The
House had . started from a propos.tion of the latter
description at the beginning of this Session, and they
would do the same with respect to the Lottery, if
they had not been so long accustomed to it. lie
feared that the Chancellor might be influenced by
the patronage of the system. There was one place of
7001. a year, 2of 5001. and Sof 2001. Another evil
from the system was the encouragement it gave to
informers and prying people. It struck also at the
root of all industry, and so injured more than it as-
sisted the revenues. Perhaps those who were so earnest
in building the new Churches (hear, hear,) thought,
by so doing to atone for the mischief they thus
created. But it was utterly inconsisent to be anxious
about the education of the people, and the improve-
ment of morality on one side, if all that was done
was defeated by the Lottery on the other. The Ho-
nourable Gentleman seemed to be raising batteries
against his own measures, but it would be mere can-
did and simple to abandon them at !MC?... He must
oppose the resolution, unless the Chancellor could
say something in its favour.
The CHANCELLOR of the EXCHEQUER
thought himself not called on to give additional rea-
son, in favour of a measure in which he only followed
all his predecessors. The llonourabl-.. Gctalcmau