The Statesman.
London, England, 1819-05-26 00:00:00

THE S'CATEgMAY;

TO CORRESPONDENTS.

••• Gitacorwa, from the batiks ef the Seise, is received. His
eomplimeat overwhelaw sat yet we will priat his verses t•
show that woe .w■ Laureate, J. I. la which we so ouch
pride ..melees (as eisialllag soy Poet whoever swig an the
batiks of the ins.), has called up, by his sweet sounds. a
Modred spirit of versilkatlaa from so great a dhows.* s
sari is the power of harasoay !

met; OF STOCKS THIS PAY AT ONK O'CLoCn.
Mutt Sleek 110 2121 6 per Cent. NOWT 990 102 lul
al 3 pesCest. N. 61 114 Solon Hawk 9 11 dn.
3 per Cent. Cenk1134.67* 6611 Long Ann. 16 13-16 17 1.16
3e pre Cent. 734 741 1 Ktenennor ONO 6 I do.
t onsele fee Aor. 6.31 6641 117fti Onsnount
4 per Cent. 794 SI

TH .7TA TESMA N.

LONDON:
WEDNESDAI. MAY 26, 1819.

It will be seen by the debates of last night io the
House of Comosons, that the Resolutions offered by
Mr. Pect., as gisen in yesterday's STATESMAN, were
agreed to without a disision. So far Ike supporters
of those Resolutions are quieted, under the idea that
all will be welt, and the country return prosperously
to Ps ancient and accustomed metallic castewcy.—

Satiated as the Bank Is, and connected as its affairs
are with the Public and the commetial conceros of
the empire, putter it is the hest attempt that could
be toads to reach that happy goal which the Morn
of the liesolotions speaks of, and has in his eye.
lll•t alas, when shall we arrive at that goal ? Not at
Ike period mud : for oar unalterable opinion is,
NEVER. 'l be has spread too far sad wide to
be removed in the way proposed. Many of thaw
eh♦ hare countenanced this proceeding, as recom-
mended by the Mose of Commons' Committee,
view the thing in the same light as we do—and Para-
colarly among the Ministers. The odds CASXIIIO for
instance—bat what can ha do ? To soy that the
disease is irremediable, is to condemn his own plat.
scriptions from time to time, and to cast an indelible
odium on Doctor Pitt, the late President of the Cul.
lege of Dplomatitts.

These Resolutions are tspected to have the effect
of a gentleopiate, to soothe and tranquillize the pub.
lit: mind. Suspicion, however, is awakened, and
confidence has given way to it. Not mandrapra,
nor all she sleepy poppies of the East, will ever be
'able to restore calm to the troubled mind, till the
sweet sound of the precious metals is heard again—,
not in the shape of tabors end cymbals, and harps,
but in more portable intuit, though in as sweet OW
Sic, for ills pocket. The rich capitalists called out
for war, and heeled their hats in the sir at the
auspicious yielding to their obscqusoas calls. The
drum and trumpet (quid sock.bert, no doubt) gate
currency and celebrity to these notes, and now they
would make the nation at large fur ercr pay
the piper—bot it will not do. The Members for
Beaumatis and Caine seem to be almost the only
persons who understand the matter in its true hetet
(other. de, no doubt, bet have their motives
for being silent): speaking alb* Bank studying the
convenience of the Public, Mr. F. Lewis says,—
" If the Bank would pay Its notes its specie on
demand, it might attend as much as it pima le
the convenience or interests of the commercial
world—so far it might safely go, but nu farther;
the instant the Company stepped beyond a Masi, li-
ed' in the exercise of its discretion, it stepped too far."
Mr. 11101 an honest and just warmth
or indignation, very properly observes," He could
not avoid observing, that it must he a matter of the
deepest regret to the House and the country, that the
favenrable opportunity for resuming Cash Payments
in 1816 was snowed to pass: a permanent end
healthy system might then have been introduced,
without requiting the nation to endure the distresses
undoubtedly necasioned by the present strugglis, In
point of fact, oho measure now setgeeted was us ma-
y to she political interest as to the moral che.
racier of the country; and though a greet deal had
been said about the injury the Bank might or might
not sustain, very little had been urged its favour of
the great mess of the Pawl., who had been soffering
under so many difficulties and privations, while. the
Metiers and Proptietore were heaping up steelth."