The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1838-02-27 00:00:00

TAVERN

ViSCOUOt MAIDSTONE said that, seeing the hon. and learned
member for Dublin in his place, he rose for the purpose of
putting to hi,in the question of which yesterday he had giaen
notice. He iiished to ask the honourable and learned gen-
tleman whether some sentiments which he (Lord Maidstone)
had seen reported as having been delivered by him in a speech
made by him on Wednesday, the 2lst of February, at a
dinner held at. the Crown. and Anchor Tavern, in the Strand,
Sir George de Lacy Evans in ,the chair, were substantially
correct? (Hear, hear.) Ile would read the statement to the
house, and he hoped the hon. and learned member would do
him the pleasure of telling him whether it was a substantially
correct report of what be had stated. The statement was taken
from the Morning Chronicle, and the words were these:—'' Cor-
rupt ion of the worst description existed, and above all there was
the perjury of the tory politicians. Ireland was not safe from
the English and Scotch gentry. It was horrible to think that
a body of gentlemen—men who ranked high in society, who
were themselves the administrators of the law, and who there-
fore ought to be above all suspicion, and who ought to set an
example to others—was it not horrible that they should be
perjuring themselves in comtnittees in the House of Commons?
' The time was come when this should be proclaimed boldly. He
was ready to be a martyr to justice and truth, but not to false
swearing; and therefore he repeated that there was foul per-
jury in the tory committees of the House of Commons."
('` Hear, hear," from the opposition benches.) He found also
another passage in the Morning Post, which was not reported in
the Morning Chronicle. The extract was as follows:—•' He did
nut mince the matter; his words inight appear in the public
press? he hoped they would. Ireland was nut safe from the
perjury of the English and Scotch gentry, who took oaths ac-
cording, to justice, and voted accordinc to party." (Renewed
cheers from the opposition benches.) . When he (Lord Maid-
stone) saw these sentiments reported, he had said to himself,
that the fair way to deal with the hon. and learned gentleman
would be to give him the earliest opportunity of contradicting
him if they were not true, (hear, hear,) because be (Lord
Maidstone) would say that the words themselves did contain
aspersions on certain members of that house which he, for 6ne,
should wish to see wiped away at the very earliest. opportunity
possible. (Cheers.) He now, therefore, asked the hon. and
learned gentlemali to give a plain answer to the question he bad
put. (Hear, hear.) He could not go further until that was
dune, and he would therefore now sit down to hear it. (Loud
cheers from the opposition.)
Mr. O.CDNNEI,I, .lose and said, that he felt exceedingly obli-
ged to the noble lord forgiving, this publicity to sentiments which
he (111 r. O'Connell) entertained on the subject of committee of
a certain desetiptien iu that house. (Cries of Oh ! Oh !) He
( Mr. O'Connell) had ,said every word of that—(renewed cries
and of Oh !oh ! a great confusion)—he had said every, word of
that, he repcatel, and he believed it to be true. (Renewed
I contusion, and cries of Oh ! oh !) Was there a man who could
put his hand on his Eeart, and say, upon his honour as d gentle-
man, that he did not believe that it was substantially true ?
(Great uproar, and shouts of No, no.) If he did otherwise, a
man would be laughed to scorn. It was a hideous abuse'—the
pubic press had taunted them with it—nay, the last time he had
addressed the house upon the subject, he read a paragraph from
the Morning Chronicle itself.
The SPEAKER.—I wish to make a remark as to the regularity
of our proceedings. The hon. and learned member having an-
swerei the question, I must now appeal to the noble lord to
know what motion be intends to make. (Cheers, and feud
cries of Move, from the opposition.)
Viscount MAIDSTONE, after a short pause, again rose and
said, that in consequence of the lion. and learned member for
Dublin having owned that he had used the language stated in
the report—in short, haVing allowed that the statement was
substantially true, he (Lord Maidstone) would now give notice
of a motion on the subject. (Cheers from the opposition.) He
did not think such aspersions ought to he made generally and
with no proof, and therefore he gave notice of his intention on
Monday next to submit a motion for the purpose of bringing
before the house the conduct of the hon. and learned member
for Dublin. (Loud cheers.)
Lord J. RussEt.r. immediately rose, and said that if that
motion were entertained by the house, he meant to bring under
the consideration of the house a charge of the Right Rev. the
Lord Bishop of Exeter, containing allee•attons of perjury
against certain members of that house. (Tremendous cheers
from the ministerial benches, echoed by ironical cheers from the.
opposition.)

'Nearly the whole of the remainder of the sitting was occu-
pied with the Irish poor law bill, which was farther considered
in committee, and with which the house proceeded as far as the
47th clause.
Mr. P. TnomsoN nominated the combination committee.
The orders of the day having been disposed of, the house ad-
journed at 12 o'clock.

COMMERCIAL INTELLIGENCE AND MONEY
MARKET.

(From the Sunday Times.)
CITY, SATURDAY.—The advices received to the 29th ult.
from the United States, represent that there was but little doing
in trade or commerce there, in consequence of the pressure for
money; and this has had the effect of retarding very materially
operations in this branch of our mercantile pursuits. In fact,
there has been a very considerable revival in the business of
the Port of London,
as well as Liverpool, previously to the re-
ceipt of the accounts by the Hibernia, which left New York on
the 28:h of last month. The entries for the shipment of British
manufactures had greatly increased, with every appearance of
the resumption of a healthy trade to that quarter of the world.
The letters, though few in number, brought, however, many
countermands to previous orders, and a state of inactivity is
again the result of the monetarrdifficulties which were felt with
au increased degree of pressure at the latest dates from New
York and Philadelphia. The fact that three of the '`.pet"
banks had suspended payments in the United States, has added
to many serious apprehensions that the effects of the great panic
in American commerce and banking transactions have not even
yet been fully developed, and our merchants are therefore ex-
ceedingly chary in entering upon any extensive consignments
of goods until brighter prospects are opened to them. The re-
sumption of specie payments by the banks of the Union iscalled
for as the only means of producing a healthy state of affairs in-
America; but up 40 the latest dates no intimation had been
given by the Directors of the United States Bank, as to the
period they intended to resume the liquidation of their notes in
gold. Several of the banks (City and State) of New York
were ready to do so, but that the general body of them were still
incapable of effecting the change may be gleaned from that re-
turn which was made up to the end of the month of' January,
exhibiting the assets and liabilities of the 97 Banks of New
York. From this return it would appear that the joint circu-
lation of notes was 12,450,001) dollars, that they had loans and
discouiti to the extent of 64,000,0(X) of dollars, while their
whole aggregate stock of specie was but 4,140,000 dollars. The
Managers of the Banks of the Union were, however, confidently
anticipating larger returns of bullion from England, as a means,
of adding to the-stock:sin their coffers. - -In this, however, they
will he disappointed in some degree. It is true that the last
three or four packets which have left for America have taken
specie, but not to any considerable amount. The Custom-
house returns for the past week notice but one entry for New
York—viz. that for the export of 7,500 ounces of gold coin. The
value of the British sovereign at New York on the 28th ult. bad
risen to five dollars and five cents each. The following com-
munication from New York, dated the 27th ult., is certainly not
a very cheering one, and fully bears out the complaints made
against the Banks of the Union:—
,
" Our merchants are groaning under the racking pressure of
the money market. The screws are drawn closer and closer
every day by the banks, the result of which must be a renewal
of.the panic. There ,os little or no money in circulation. We
are going hack to first principles—barter. Our city hanks will
not pay their own bills. Safety-fund hills are becoming scarce
—properly cannot command money. The circulation of com-
merce is completely dried up, and then we have a sub-treasury
bill in prospect to make things worse. What the result will be
it is fearful to contemplate. We have become again large im-
porters of foreign grain; as ready money is
ne-
cessary of life, this will greatly paid /or this increase the pressure fur capital."
The supplies of all aeseriptions of grain having been very
abundant this week, a great .deal of business has been trans-
acted, but without producing any material alteration in prices,
which show a tendency to recede in value. For bonded corn
there are more inquiries, the latest advices furnishing favour-
able inte New York and Baltimore. where large
quantities wheat and rye had been sent at improved
llig
oetn foreign•etrtim
prices. This will lead to increased imports from hence.
The stock market has been in a declining state during the
whole of the week, for whir 11, however, it is difficult to account,
as money is still most abtindasit, and there have not been very
large amounts of the several securities thrown into circulation.
It is. therefore, more than probable that the speculations on
balance are not at present in favour of a rise, and, as the
settling day has su nearly arrived, that 'the Bulls are slipping
stock to make up their books. The reduction. in the prices of
consols has this week been from 92-1 to 921, the same value
being given in immediate transfers as for Tuesday next,—
The difference for April account does not exceed about to
316 per cent. The fall in the other British serutities has
scarcely exceeded ,f per cent. The premium of Exchequer
bills has flue nutted between 5-1 and 57, and of India bonds be-
tween 55 and 57. East India stock, which last week was at 265;
receded yesterday to 9631-, while Rank of England stock, after
falling to 2041. yesterday, again reached 2051.
The variations in the foreign bond market have been slight
this week. It is now stated that Brazil, in order to repay
Portugal the debt still due, will attempt a new loan here for
about half a million sterling, part of which may probably be
taken to provide for the next half-yearly interest on the bonds
of the former empire. This has not much affected Brazil stack,
a fall only to:73A having taken plaee, and the last 'price yester-
day was 74. The value of.PortUginise stock has only changed
about i per cent. all the week, the live net cents having_ been-at
And-at 271: and the. three per cents at 18 and 183. Spanish
stock rose to 19, on a report thatsthe government had obtained