Star.
London, England, 1821-02-09 00:00:00

person had taken a single piece of bullion from the'
Bank since the people might by law detnand pay-
ments in gold for certain sums. That should shew
the Bank that it stood perfectly safe. He agreed
that the first thing to be looked at was the state of
our expenditure.
Mr. PEARCE said, a little practice and experience
is worth a great deal of philosophy. He knew not
how the Bank was to have received its payments
from abroad, except in bullion, in the course of which
it had taken every care to secure to itself the advan-
tage of the exchanges.
Alderman HEYG ATE contended, that the distress
of the country was general, and not confined to the
Agricultural Interests. That was the fact in Ame-
rica more than in any country in Europe. The new
plan of cash payments was not understood by nine-
tenths in the country, enveloped as it was in jargon
and technicalities. He agreed that there was no re-
medy, except economy and retrenchment. Any al-
teration in the value of the interest of the funded pro-
perty must be discussed in that` House, and the time
consumed in that discussion would be employed in
depriving this country of her capital ; for there would
be an immediate run on the Bank for bullion, in order
to procure an investment of our capital in foreign
Funds. He believed that the only remedy was to be
found in patience and an attention to economy. He
maintained, that Mr. Ricardo's plan of payment in
bullion had injured the country to the extent of 25
millions ; and in America, a similar plan had pro-
duced an injury of nearly 40 per cent.
The Petition was then brought up and read.
Mr. I3ARING differed with Mr. Ricardo in the
value of the currency, which had been, in his opi-
nion, from '25 to 30 percent. instead of being, as that
Gentleman had said, only from sto 6 per cent. Ile
admitted that there had been a fall in the price of
agricultural production ; but there had been a fall
in cottons, hardware, and other articles of manufac-
ture. All the great mercantile transactions on the
Continent, at Hatnliurgh, Genoa, and France, where
they had, as once in this country, a double standard
and tender of gold and silver, had never produced
any depreciation in the cur: ency of those countries.
Thus, it was evident that, if confined to one rnetal,,
they would get cramped by not being allowed to pay
in one metal when there was a scarcity of the other.
. .

Mr. RICARDO contended, that if gold here had
risen to 20 or 25 per cent. it must, at lt.!tst, have
risen in Russia and France in the same proportion.
Mr. ATTWOOD contended, that the gold had
gone out of the country as the sovereigns were issued.
The Petition %vas thea ordered to lie on the table,
and to be printed.
_ _ _

Mr. J. RICE moved for a Return of all Sums paid for the
last ten years to the Grand Juries of Limerick ; and of the
Stinn advanced to the Freemen of the City of Linicrici fur the
last ten years.—Granted.
• Mr. ELLICE moved that the Petition of J. Webster, against
the return for the Borough of Losainey, should be di...charged,
en account of the bankruptcy of the Petitioner.
Mr. G. Forster, the agent for Mr. Webster, was called in,
and stated, that he had a copy of the Commission of rtankruptcy
under the Great Seal.—Leave was then moved to withdraw
the Petition.

Mr. ELLICE, in aliswer to some observations on the part of
3lr. BARING And Mr. LOCKHART, StAted that was :in Assiznee
under the Commission.

After a few words from the Srr_txxa, the Order was
discharged,
Mr. BEA U MONT put off his motion, relative to Sheriffs
refusing to call County Meetings, till Wednesday next.
The C I IA NCELLOR of the EXCI I EQU Eli obtained leave
to bring in a Bill to facilitate passing the Public Accounts.

Lora A I.TIIORI E gave notice of a motion, on the part of
Sir Janes Mackintosh, for information respecting the Circular
of the Allied Sovereign;.
Mr. CHEF:VEY put cIT his motion, respecting the Committee
of Supply, till to-morrow.
Mr. ',USW NGTON presented an Account of the Nett Du-
ties on Foreign Spirits mid lirandy.—Ordered to lie on the table.
The Longitude Amendment bill went through a Committee.
Report tomorrow.—Adjourned at Twelve o'Ch.ck.