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

I.VP.BRUL PettLIJMENT.

HOUSE OF LOKDS. Jl•r

- -
Mr. Sew, from the Clomobto of Lomb., l rr.entell ago Ar-
rnrw t►e Reorio NMI h pellaiihr rof the Otpimm: Food
for ohe leo war,-0o siren! to he laid as the oath e.
Lott (at I Y wooed she tom tr..doolg of the 801 l restrike,*
the taking to -of •ittriwg of 1)rthonolioloo :twitted T.snoslosaktuia•
nos nod Wife, to Sumo.. m 1,44110181 ere.. Thot U.II did not
Osterfese r lilt the wer*i.irelo meta erred f.d. from the Co-
!Own.,

The 14111 v•a4 reall n 11,1 t. awl ordered le be rend a served
lime ow Friday f•atalgdt.
The Lad LAU 1/ 1.11 1/ALE wihheA rei know whether it
-a• intesulea in twine is a Hill isi grasoir,a &CO of flume, far
Cl4lllll.lbr, 1.1 14r.4111. d

ELY I LLE said. it was tateudel le DI lag in id 4 lb a
Bill Obi. Se.i..n.

The Lir, of LA UNNIID.OI 1.5 /Mated, Oust, Mosses he
world not appose the Pills shelf, he would ..pp.oe on, estate
annalist, is, the prewsl nta4e of the rinne.ri, the harms, sit the
health rrehespier Ise sa►e w►.o Ina. they pleased hues ilk
public sonar% to my the •sip►rds ..fo lie new I trier.
The Earl of ItIISSLYN paid, it sent win hi. istientioe en asp-
pane she weintal rending of the Canna ransom. Itegulatbi•
Nil', hot avoid renerve hnowell far weather stage at
The Fowl of I.A Ul/KNIla said. it was hi► intention 1.1
put *awe witest Iwo to the Lead, (she Jodie.) a ■ legal motor,
mad eta Reeled s ilk the non., shah them rostli t•e no d tisbt
would be Isrnueht before their L..rriAspi, fnooded nu she Keno-
lilies* they had isuely agreed to. The 1110 tine-tioa wow, why-
user .abwAttesit to the Art of 17;4 being yoword eke 'toter roes,
a little was. deoettatedlU per sect. era, in ano act, as legal
leade► in tale. The teelassd questissa war. whether by she Ali of
she bfah alum King sold ease wale stunk theistical wee-
▪ enf usher fa she easiotry. Theor were imparund treat we. nod
he hayed the rower► afar Jades mould lei them at rest. If,
by these Atli. salver had sees Millais beers wade she legal Itbitti-
+Wl .•1 value in lbs. toiletry, Ito er Lindelup, would nee bow
hal ...teat a etrewwelware it went be, with trisect is the Mite
a bier and soon rase he/are ii.y. lie the. mow. d that the
Judges be de, ett to amend the rernke set the Horne. en Wed.
endue, the 9th at Jrne.—Ordered.
Coan-el can Waif as. the 'mind reading al Chiwe's
Hill. ►sees. Chine and Ca. were blinkers as Madras, who.
b id tidy...red paws of money in the Noln:h aftwl.:attatoir, and
sow rinse e•l is be repaid oaf alba sawn appoopi mord hea she is.
spridnusea or the debt. thns Potentate. The Bill was. read a
ward use.-41djaenteit.

ATATESmAY;

Sone time after a reduction lout takes place of three
millions of Bank paper, and nolo itl.simiJing that re.
&mints. the price of gold was higher than it had
been in lint. 'Ube price of gold had subsequently
fallen to the Mint pricy, without any reillsaiett of
Bank paper. As the itsbe of goutiley paper was re.,
plated by that of the Bank of England. 'else world
be the conio-quetice should a reduction iitke place at
the sane time hush of country paper, and of that of
the Bank of Englead? In IRA much distress lied
been occasioned by a great relies-lino of the circulat-
ing Illedintre. Even should the foreign exchange be
favourable, and the price of gold fall, it was the
opinion of Mr. Baring, shit "loch diattess weeld be
caused by a reduction of Book paper; and it wet ob-
vious, that the distress melt be still /pester, should
the remits presumed in he favottrahle, tern oust other.
wine. A debt of more than wet millions, and an es•
pentliture of upwards of 50 miliblas annually, could
teat be supported should any great retlection of the
circulating medium take place. it might be the in.
t of nanny to mak, • ruts Open Ina Bank when
gold wet at the rale of 41. Gil. per ounce, especially
as gold bad been knew. to site Its bey pluses the
trance; the Bank et least ought to leek forward to
such an wheat as possible. In the Report of the Gow-
ning*, is appeared that no witnesses had been Pt-
amissed willowy,* comment faith Inallefetterve and
agriculture, end only one oat of 'OO Coasatry
Bankers had give% tridents before that Committee.
The stale of thee/sentry was different at present from
what is bad been at the meaning of Parliament, nod
that a Teresa was to be arciihed in the appointment
of
the Secret Committee. Shs.old the measures pro.
posed by the Committee be carried into effect, Ilse
distress of the agticoltoral and manefactering interest
would be greatly Incieased, aud no landlord wank,
be able to collect his rents. What would be like
'aloe of property after mat February, when there
world be nothing but • paper currency in the corn.
sty, sad some bats of gold in the coffers of the Bank.
1 here area this differ...es in the elate of the country ,
at present and it. 1797, that then the larger pert of,
the circulating medians bad been gold, whore.. 111,.
it ws• paper, and any sodden alarm might it ...ter
the Built incapable to pay in bars • ' ~ .Id. Should
the Binh nuke the ethics of the Member for Porta..
liogion (Mr. Ricardo), and tell their gold, they would i
be imam l• paw in specie in the cows; i,/ a week.— i
A Company of Merchant, should pre base legit'
power as the Bonk had on the elfsits of the country,
end that power wield be incteased, as ten millions
more wets about so be placed at their disposal. It
had beets stated, that she ten millions would be paid
out of the diactiouts; but such a power bad never
before been conferred on a commercial Company.—
'rho smeodment of the Member for Coventry had
this recommendation. it at it gate the Bank a year's
longer time ; and f.. 1 himself, be saw no um in tr11...g
all EuroFw that our etas teticy had been in a stale of '
depreciation for le )vars. A real Stoking Fend
lought to hale been allatllisheit before the Li •lik had
Inn, called open to pas in cash, and at the time a
Ivan was shoes to be ii ...At. Thousands would be
twisted should the proposed nit a-ure be adopted.—
He that.: ed be 'AIM for the indulgence wish which
they had braid him, and bad been inflamed so deliver
his opinion (rem a ptiociple of duty only.
Sir H. PARNELL thimght the question or 'he de.
Ns ci%liGa of piper bad been already decided is tie
opinion tt' the Po' tic. Usiless the 'louse should
slate its opinion, she questi n would be left at the
discretion rf the Kink, aad he shook' therefore sop.
I out the original Resolution. Ile was bapps to see,
that the ptinciple• of his molten' fi itstid, 0 • late Mr.
Irrster, hull at length been admitted, and be hoped
they would be mended still fastlser. The eyesore
pi/posed would pet 111 slop le lOW trading, slid at
she some time occasion no scarcity of money, as
there would be no necessity for oimieishing the circu•
toting medium. fie shoul.l oppose the amendment
sod rote for the original Resolutions.

Mr. 11. GURNEY stated that a debt of 400 mil.
lions had berm the cause of the suspension of Cash
l'aymenta in 1797. Government had acted in his
judgment with perfect propriety, in coining the posed
of silver into 66 shillings, instead of into 62, at for.
merly. lid the Sovereigns been based for 21s. they
would have been gladly taken at that ovine; the coils
would not have disappeared, and many of the evils
that bad sob.rgerutly taken place would have hien
prevented. The seen of 20 williesa was dee from
Government to the Batik, and, at the ume time, this
Bank was told that they must find the bullion : but
the Bank might with equal propriety tell the Go.
Torment, you owe es 20 millions, and why rhould
not that debt h► discharged in specie.
Mr. RICARDO Paplsinell.

Lord FOLK )'STON I observed, that the chrism-
stances attending former coinages in this country had
not been accurately stated ; and it bad beeo observed
hy•the lase Lard Literpool. that Qum Elisabeth
had only ftnished in an infesior mower what had
been coasseenred by her brother Edward VI. The
Noble Lord observed, his objection to the plan now
proposed was not in'the principle aril, bat with the
mode of castling it into effect. Ile considered the
return to she old standard as objectionable, and as
onb which would prove not only inconvenient. bat
unjust to the Public. The Right Uneourable Gen-
tlemen who opened this debate had said, bit opilsioe
on this subject had been completely changed in the
Committee ; and added, that he was not ashamed of
owning that cilcurnstsoce. When it was considered
how much distress bad been brought on the couple,
by the Right lionnurable Gentlemen's perseverance
in his former upiuir.n, anti It. and those who acted
with him resisting all limber attempts at enquiry, he
(Lord Folkestuoe) could nut bat think that the
Right Ilomperable Gentleman might have dune the
country the tastier of expressing some regret at least
that his conversion bad not taltess place at an @allies
period. With respect to the plan, it was said, that
by the adoption of it the paper woo to be raised in
value 3 per cent. The Bank were to be old ten
millions to effect this, and for the %etymce of the year
a Loan of twenty millions at least was contemplat-
ed. T. pay the interest of this Loan new tears to
the amount of one million must be imposed, and by
raising our currency three per came. an additional
taxation of sins million era hoodreci shosound poond•
would be laid on the Public. New, Iwo would ask
whether, I. the presort Al•te of the coowtry, wish
thus licrowoolencos and pressor, which swarm arise
from tkis Otago of oysitto, the country could