Star.
London, England, 1811-07-09 00:00:00

own coin (Geneva), and this cora was called pis
toles, and at one time scarce a single pistole wai
to be seen, and the only coin in circulation wit
gold Louis d'ors, and the silver was Spanish pieces.
—He met a very ingenious learned Banker, and
asked him how it was that so few of those pieces
were to be seen ; be said, the watchmakers melted
it down, but some ingenious fellow found out a me.
thod of mixing them with emery, and the Magis-
trates wishing to keep this coin in the country,
adopted the plan, and then the watchmakers could
not be persuaded to put it into their melting pots ; bot
some other ingenious man found out a meth'd of ex-
tracting the ore from the other, and they again began
to melt it. But he contended, that there was no de-
preciation of paper, and in order to shew that there
was, allusions were made to the fate of the arsigwatt of
France, but there the country was deluged with them,
and somebody (he could not say whom, nor would
he say that the Ministers had any hand in it) forged
a quantity of them, and the
.country was deluged
with such a profusion of them, that there was nothing
' to be got btat had a:signals, and that was the occasion
of all the mischief. But it was said that the price cf
corn and sheep was altered by the depreciation of
paper, no such Thing ; the price altered according to
the demand, and this, therefore, was all error and
mistake. But his Nrrble Friend a'kcd -here was his
rertiedy, that they must retrace their steps ? Suppose
a man set his house on fire, and the flame reached the
Minister's lionise, and he sayS, U fire, you must go
back, you must retrace your steps—(4 lcugh).—He
heard somebody, who may bo Minister hereafter, sav
something, somewhere, that the cottntry was not able
to meet its engagements ; it Amid be his care that
the country should mept its engagements, and
this view he prpo:,ed the pre,ent measure.
Lord GREY, in explanation of what fell from Lim
on a fcirmer day, in allusir,n to the cbscrvation of dte
Noble Earl, denied he had made such an assertion
in that unqnahfied way ; and when his Noble Friend
did allude to what fell from him, he should have
stated it with these certain qualifications. What he
had said was, that the public might not be able to
fulfil all its engagements. He had stated his belief
that) if there did exist any danger, that danger would
require firm measures, of a descriptir.n similar to
that which the Noble Lord now brought forward,
and he begged, when his Noble Friend next quoted
him, he would state it as he had stated it.

Lord STANHOPE resumed.—He thought the
public creditor had a right to be paid in preference to
the landholder; his object was to protect individuals,
to protect the public creditor, to protect the tenant,
and to protect the landholder. e had been the ad.
vacate and supporter of the Abolition of :he Slave
Trade, as the cause of justice; he supported the Ca.
tholic question, as the cause of justice; he now sup-
ported the public creditor, the tenant, and the land,
holder, as the cause of justice.
Lord GRENVILLE, in reply to what fell from
the Noble Lord respecting France being do luged by
forged a:signets, took upon himself to answer, know.
ing what the fact was. He denied the existence of
such a fact, and declared it to be a foul misrepresen-
tation. Nu such act could have been done by the
King's Ministers of that day, either by their surges,
tion, or without his concurrence and knowledge ; and
he solemnly declared, in the lace of Almighty Goo,
that he and they were innocent of such a charge;
and he declared, that n it only those with whom he
had acted, but those against whom he almost uni-
formly acted, were clearly innocent et such a crime.
Lord HOLLAND considered to is measure to have
produced a mental earthquake, not merely in that
House, but throughout the country ; lie conceived it
a great innovation upon the existing laws, and most
mischievous in its consequences. He gave ;is N.bie
Friend full credit for his sincerity in supporting the
se•:eral subjects he had alluded to, and up• in those to-
pics he could not hut recollect that the Noble Lords
opposite always treated his Noble Friend as a specu-
latist ; but when he came forward with this question,
and .eitliongli he stated that this bill was not his only
object, but that he had ulterior objects in view, they
were so.willing to step forward in his support, those
wit.) were at all lther times such enemies to innova-
tion, had no further apprehensions of his speculations,
but immediately adopted it, and what was the conse-
quence ? The Noble Lords began to introduce
clauses and make amendments until all tht original bill
was obliterated and nothing left of it but the enacting
clause, all the remainder was merely superstructure
and excrescence. One Noble and Learned Lord had
said (Lord Redesdale) that it shoui.l be a declara-
tory bill, because all the Judges in the land had, with.
in a few days, declared the law to b otherwise. His
Noble Friend had stated a case, tit his paying to his
banker 21 guineas and 21 pounds, but this case did
not at all bear upon the question, because guineas
were not to be had, the Jews having FLAsessed them-
selves of all that could be got. In his opinion the
chief and primary cause of all those evils was the re-
striction of cash payments at the Bank ; the remedy
he should propose was, that the casili payments should
be resumed, be did not mean suddenly, but gradually;
what he wanted was to have bank notes convertible
at sight into cash, at the option of the party, and for
this purpose he should propose that the Bank should
resume its cash payments in a, year, or any other
g:ven time, and that in the mean time they should
limit the payment of dividends, in order to secure
the public creditor. For which purpose he proposed,
as an Amendment, that " As long as this Act shall
continue, and until the Restriction Act should expire,
that the Bank of England should not pay more than
a certain portion of their dividends on stock, and that
the remainder should accumulate for the security of
the public creditor;',t_.

Lord HA RROWBY askei the Honourable Mem-
bers, w%at were the means by which w. were to
draw gold from the Continent ? Why, by sending
them a greater quantity of our goods than now, than
which nothing could tend niore to the accomplish-
ment of all that Bonaparte could wish. He very
much deprecated the withdrawing our troops frrm
the Peninsula—from a country which, exposed to the
most terrible evils, seemed to gain a diurnal acces-
sion of health and vigour beneath the pressure ; by
the fostering of which, we ourselves had gained a de-
gree of glory which no man wha possessed a heart
could contemplate without the most grateful emotions.
Lord LAUDERDALE observed, that the law
would be totally inefficient with respect to all con-
tracts de futura. It was a principle of logiOation,