The Statesman.
London, England, 1818-05-02 00:00:00

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LAW INTF:LUGENCE.

•
COURT OF KING'S BENCH. Met 1.
MANDAMUS TO THE GOVERNOR AND DIM,.
TOILS OF THE BANE OF ENGLAND.
At the sitting of the COW!, Sir A. Pitocrre said
that a Rule .had just been put into his hands for a
Mand.risss commanding the Governor and Directors
of the iltakof England to proceed to divide among
all the bientsis.ra of the Corporation all profits pre.
I yites to the 19th Margb last. The Rule had been
obtained on the last disy of the sitting of the Court,
yesterday being a holiday at the Bank, as well as in
Weetusinster.hall ; and as it was drawn op for to.
11101KOW. it was obvious that the Bank could not be •
prepared with an answer by that day. The applies.
tion was made on the affidavit of a 'Mr. Gundry,
which he (Sir A. Piggott) bad not yet bad time to
teed, Much less to consider what answer it required.
The Batik might be called spots to give it some re.
ply. to obtain information, or to communicate some
to the Court. The interval between the present end
the nest Term was very short, as it commenced on
the 22d inst. ; and the Bank would, no doubt, be
seedy to show cease against the Rule on the third
day of the Term, the 25th of May. The rime).
stances were such, that it might be said that the Rule
enlarged itself.
Lord Excespottovou acquiesced, and added, that
It was easy to-conjecture that the Bank could not be
prepared with in answer by to-morrow.
Sir A. Plnaort observed, that the motion was one
of extreme severity : the Bank of England had ex-
isted for 123 years, and this was the first application
of the kind ever made against it.
It was then ordered that the Rule should be en.
larged until the 25th inst. the Bank undertaking to
file such affidavits as were necessary, a week before
the day appointed for showing cause.

PRICE OF STOCKS THII
ilankaStock 489
3 per Cent. Retl.79if
3 per Cent.Consul.Boii
l'onials for Ace. 801
4 per Cent. 97

DAY AT ONE O'CLOCK.
5 per Cent. Navy 1071
India Bonds 96 98 p
Stork
Long Ann. 20i 9 16
Exchequer Bills 18 21 p

THE STATESMAN.

LONDON:

II ATUIDAY, DI AT 2, 1818.

We have accounts this morning from Kingston,
Jamaica, stating, that the Buenos Ayres privateers
were again becoming netnerous in the West India
seas ; in the neighbourhood of St. Domingo there
were no less thee seventeen of them, all said to be

Americans, but sailing under the protection of the
Buenos Ayres flag. One of them is the Republican,
which lately, says the Kingston article, came into
port to refit. There is, however, reason to believe,
that these pirates are of various nations, and they
-adopt whatever flag suits them. Our communication
from Lloyd's adds, that an insurgent privateer,
of four guns, ■nd 140 men, fitted out in America,
commanded by Brown, was cruising off the Hann-
re) ; and soother, called the blorgiana, from Amelia

The important question of the Bank Restriction
was folly discussed last night in the House of Com-
mmons, in consequence of Mr. Titus Ws motion for
a Committee to enquire into the state of the cur-
rency of the country, and the propriety of the Bank
of England resuming cash payments. Mr. TIER*
NET'S speech upon this subject was highly interesting,
and will be found to contain much valuable and ne-
cessary information. The reply of the CHANCELLOR
of the EXCHEQUER, and the whole of the debates,
are also well worthy of attentive consideration, as
affording an ample exposition of the financial
state of the country. We wish we could say,
that the picture drawn even by the most favourable
representations was a satisfactory one. But it will
not bear a close examination. The House, at a very
late boor, and after an animated discussion di-
tided, when the motion was lost by a majority of
164 to 99. The Bank Restriction Bill was imme-
diately read the second time.
Thus, then, though the country has lately been
pet to the espence of 75,0001. for defraying a gold
coinage of eight millions, the chief argument for
which was its necessity for supplying the Paper Cur-
rency, it is resolved that paper shall still constitute
the circelating medium—that the Bank of England
shall still continue its sj stem, without Restriction,
of sending abroad its pennyworths of paper for
twenty shillings—of issuing millions upon millions,
and making the country responsible by the lives of its
inhabitants for the genuineness of any note that hears
the insignia of that establishment, without being
compelled, in return for its promises to pay, to give
any thing but its own manufacture in eschange ; and
the Governburnt and the People, by this and such
=mores, are to rest upon the chance of circumstances
for the security of credit and property, and the re-
tention or return of the Coinage so lately and Pt.
pensively effected, all of which become subject to a
medium, enlarged or contracted as the caprice or in-
terested espedients of iedividuals may dictate. One
event is certain—the country can have but little chance

of retaining a gold coinage .18,000,0001. this year, after
having so lately witnessed the total disappearance of the
four millions so lately coined and issued. We allude
to the four millions coined in 1817, the *spews of
which, by.the-bye, was only 40,0001. We cannot
conjecture the intention of Government in coining
so large a sem of sovereigns and half sovereigns,
during a year wherein they have resolved that
paper shall cogitate the circulating w IYm. Bat