The Statesman.
London, England, 1818-04-10 00:00:00

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way very ill -cloven In

Lrn cash-,

sett .-perreetis,
when es were my pearli. in the same situation at
the time of jmposing tit RoVrictions.° The ac
of 'kit imperial Loan was only Ode millions ,
halfres farther loan -of 'three milieus was in
temple tir , bruit-Ohs bloypiell by lbelis .11,eyo*ons
of die tank. Last year, a loin of twelve aril ton?
was negotiated in this country for f tone.; and,
the. present. year, a loss of 6tre millions eat- to Q.
veined for Prussia. lie theeettt that am. could woe
bit castelade that, under thew chreatviatmoto
taking alto into eassidemtlissibaktieVresclithwegs.
.might endeavour to otigaciate a ;vary- tarp
-Mien, keratoid be highly inotsystoiiewt cod lartirioustp
.oblige the Bank to resume its presets In Oil: Ho'
Wished 1r to be.distioctry eadeishooditbei it* dfd not
.propose to condos* the rettitirtiosas is ei!iseqesawe
"7 eiecenartaute la the totems'. itatt of try,
Desk, *which, be believed, was folly pidissictle
.maita Koval its.:paymeets • hie on scree* of Are*
.ssottroal .citemositourys *1514 Ontiotsid uCli pa
riresiste estomeely ittopeopitiers and dangeertes at this
asowneet. hoped lime ealither.ples, witch he is.
.teaded to:propose,
.wseeldiesid very meth to restos'.
.00 einsieties /Oki*. He amid asseire the Home
• bas Wee *solely doeiroirsibet thiSeek shield resume,
perients islangb.)-6114 Wended.
.11(5.#0_11104 pima!, Midch We eissekl, is a very. short
litiOde ist'gife. a Security to bey paper cei-
• oasis, *high it bed fteler before possessed. Is the
,ttiVitvistur, fogriperiisiiissat to propose, that the
Itestricdojelsould. to oestinised r
toot one year—that
is, from dm ith of Jody meat, the stb of July,
1819. lbw* could be so &obi that the most per-
feet as& coosswieet *Wow for soy. country was
that of aviteed sates*, tossistiag erf spode and paper.
—May-plans loadat different those bee* is cooly's-
pillion respecting the best assess of eying security
for a paper currency. It had beet prepaid, that
there should be &peeks of landed properly; but the
greet objection was 'that the vales of such property
at lios thee was vary incertalu, and it could sot be
esavetted info sense tat the melee moment when
such mosey alight. be wanted. The dificsities that
. aright arise respecting* legal title to the property,
the daisy effecting a sole, wad serious other cir-
. gerrestarreps, oust render say leadobeak very yea-
rises ane.onsestaist. Footled property stood ea a
different foundation; and if at,the time sates it was
• Last inteelleced, paper county had been establish.
01 ow k, see might now have possessed a banking
gone es perfect as say thing of this nature could
be Bade. At present our paper currency was not
• ord. severity is different parts Of the country.
feet sed bed loss enjoyed the great advantages of
▪ paper earreacy, tied it uses sot necessary to make
say alteration in the present system of banking in
that eitostry. It was highly expedieut, however, to
f 110446 Sem security for, the People of England and
Irides & sr as Act sow in force, It was declared,
Olt seise neat the value of 51. should not be valid
at the *aplomb, et two years after the Bank Re.
• 'eddies sbeeki be removed; consequently, no notes
under that sum should be basted after the sth of
. July, HMO. He certainly considered the Bank 'of
• Diked as giving the taw security to the country
as the Pau which hr vas sew going to propose, as
it always possessed a vest mess it Government se.
coati's, so as to afford a sufficient security to its
creditors ; he did sot, therefore, mean to propose
that his plan should affect that Bank. Ilia object
was, that after the sth day of July, 1820, no private
Banker In England and Ireland (for he did not, al
he had before said, mean to include Scotland) should
. issue notes under the value of bl. without a sufficient
deposit of Government necerities, consisting either
of stock Of of Exchequer Bills. He proposed,
therefore, that it should be enacted, that every pri-
vate Banker should transfer into the noses of the
Commissioners for the Redaction of the National
Debt, an amount of &chequer Bills equal •in value
to the amount of notes to be issued, or a qientity of
stock double the amount of the Nominal value. After
• deposit of stock and Exchequer Bills, if a private
Banker issues notes, they shill be stumped in every
way to denote that sufficient security has been depo-
sited, and that they are given on the faith of that
security. This was the general outline of hirt plan,
which, he thought, would be
.sufficiently intelligible:
the details of the regulations would, of course, re-
quire great consideration. Some objections had been
stated to the measure he meant j o propose in private
conversations, in themselves of a very contrary na-
ture. It was said that his 'plot tended to a great and
unlimited paper circulation. It had been assorted,
that the paper circulation would be so great, that the
plan would lead to every.eitil that an esceis of paper
could occasion. To that be would answer, that it
appeared to him impossible that there would be a
greeter temptation for an extensive issue, when se.
carity was required, than when there was no
security at all. The circulation of paper soder
51. was such, that the condition required ',gist to
be complied with. Bet again, it was said that the
inconvenience was so Vest; in addition to the
other charges, that the comity Banker would act be
disposed to serge epee the plan he had recommend

ed. He might answer, that if the Banker bad been
at liberty to hale with or without severity, there was
no doubt which alternative he would have adopted.
Ile would issue without that, as a more advantageous
plan than when it was required ; but supposing that
it was really required, aad that he felt it necessary for
the public safety, then sorely it could not be object.
ed to. Every Banker, soder his plan, would make
his ordinary saving. He would be able still to draw
as usual, and he would be enabled to make payments
upon his own stock-40es, which would be taken as
cash till his larger notes should come in. He had all
that the law could allow bias ; be had all that Par.
lament could grant consistent with public safety.
The issue of notes under 51. it was proposed to re-
new, under restrictions somewhat estate withoat
doubt, but such as would still leave prat enough *
Bankers to give an incentive to (nap in that poet sr
their business. Thews would be a portion of stock
deposited as security in the bands of Commissioners,
as it might be better to have a particular port appro-
priated, instead of the who* being available 0 ge-
neral assets. Strictly speaking, the Hankie omit!
bare his moat advantages; for no man wouliMe a
Banker, if he did- not possess realisedpropoety lea
considerable 'stoat. The plan, in fact, bad a ten.
dency to engete men of real property in bunking con-
cerns and to minds those who had not such pro-

I mined.; bat anus-- -
could steno fora moment admit of doubt thal such a
dreplinion could not be readily discontinued.
.All
pqmeele within two pounds being made in money,
weed render them It combeneme that they would
become a ieriess istieemeaieace. The questioo was,
whither gluing • up all . bless of resuming •cash.
pekmeets immediately,. it. would net. be best to
Mete the circulation as nearly equal) y cenve.
aieet with the currency as they coati; and whether
they should not enact such measures as woold
were the creditor again A the rash and imprudent
speculator; end even the Bank against a similar evili
by main each arnagements as would limit the /114
tent of their traosactions. There was another thing
*WA appeared to him very cinveoient and necessary.
It•wqvery general, amongst country Bankers that
their smeller Setell Wire 'out in two or three yeart....
In, two years, thee, their stampewese to be/91994d;
that time-being allowed for the wearing out of the
esistietcirculation ; and they would bats a notliwi'
that, if they incurred any eapeace, they might take
thesconsequence of their notes being prohibited before
their wearing out. It teas thought necessary to
continue the Restriction some time longer. One
.14ter's farther continuance would give the means of
effectually Channel, with less shock and incouveni.l
ewe,' then would otherwise have been felt. If
;City Geetlemab eaterteined the opinion, which way
be bellowed did muerte* that • the continuance of,
the Restriction for one year logger would produce
excessive Isms of private paper, the measure lie pro-
posed relative to country Books week) be selleieut
security against that ; betides, that that relief which
the Public required to be still given in all small trans.
actions would be continued.. The measure of the Re-
striction, and the other that he should propose, were
in themselves very closely connected. Whatever
temporary inconvenience the Restriction might occa-
sion, it would certainty preserve from any sudden
and violent change, at the same time that the redoc.
lion of paper might be gradually taking place. Care
should be taken to fix on such a stamp as would pre.
went imposture. It might be the wish of the Bankers
to introduce stock-notes, bat he would have the choice
Of what security be wished to give. The Right lion.
Gentleman, after some other statements, which the
tdistinctness of his voice in the gallery prevented us
om bearing, concluded by moving, "'That leave be
given to bring in a 13111 to continuo the Bank Restric-
floe fora time to be limited."
After the Motion had been read from the Chir,
Mr. TIERNEY rose, on the first Resolution
being read by the Chairman, and said that the House
could not certainly expect to enter into a discussion
oil the Chancellor of the Exchequer's propositions,
until they were embodied in the Bill which he in-
tended to bring in, when their whole details would
jet plainly discernible.—[llear, hear!]--All, these.
fore, he mint to my new was, to beg of the House
"to look at the state In which the country was placed.
{lio matter what should happen in the result to be
the merit or demerit of the proposed Plan, still the
existing state of the country was the matter to
which the House must at once look. They were
law called upon time of profound peace, with.
out any. pretiooo- enquiry by a Committee—without
any examination into facts, or of any of the parties
whose interests were to be affected, to make a total
change is the existing system of banking. Contrary
to all the Right Honourable Gentleman's sanguine,
solemn, and oft-repeated predictions, the Bank Re.
striction Act was, it seemed, to be continued for
another year, and also an entire change was to take
place in, two years in the mode of circulating 11. and
21. cointry bank-notes: AU this was to be done
on the mere ipte digit of the Right Honourable
Gentleman, and on his mere unsupported opinion
of the wisdom of the proposed regulations. It
would be in vain to some at a proper scrutiny by a
discussion of that Mose ; a question of such de.
tail could only be done by a Committee, properly
empowered to examine such witnesses as were
most likely to communicate proper information on
the sultject.—[ Hear, hear, hear!]—Of the mea-
sure relative to country Banks, all he would now say
was this, that its effect would necessarily be to throw
the amount of all the small Bank-notes in circulation
into Exchequer Bills. Besides, it went at once to
hold out to unmerited suspicions a large body of most
respectable and solvent Gentlemen, for such, in sloe
cases oat of tea, were the country Bankers ; their
characters were thus to be tainted, and for the spear
of two years before this measure was said to be re-
quired. He was not inclined to throw odium on any
set of Ma without a previous enquiry to &edgewise/hi
and more particularly a set of men whose businests
when well conducted, was productive of the greatest'
advantage to the country.—[lleor, hear!)—If he
understood the Right Hon. Gentleman's plan rightly,
it was this :—That for every 1001. in 11. and 21 notes
stamped for the country Banker, he must deposit
doable the nominal value in stock, or the nominal va-
lue in Exchequer Bills; so that, at the present steel
price, be must leave as a deposit about 1601. (accord.
ing to the existing market price of Stocks) for the
1001. of small notes so stamped, or 1001. in Endo;
quer Bills. How any Banker would go about
small notes on this principle he was at a loss to OM
hear!]—The great object of the Right
Hon. Gentleman was evidently to increase the circa.
laden of Exchequer Bills, and to do so es a part of
the circulating medium of the country. The effect of
the measure would no doubt be to compel the Banker
to deposit nearby for his whole issue, for no man in
his senses would hold a 51. note of a coeutry Banker
which. rested solely on his personal responsibi-
lity, while by taking that note iota his Bank
be could Wider for it the smaller ones,- far which
security was already deposited with Government.
—This was quite clear...pear, hear, hear !3—
All this looked like the peeled, of some notable
scheme of beano., on which the Right Hon. Gen.
Osman had been for some time sussing. World be
now speak out ?—Would he say, was this the whole
of his plau? Or was he not contemplating a grand

A
_ ied him
necessity then could low mast for entering into, ts•
prospective repletien on a subject not pressing for,
two yeas to came. be Ute_Mpbjiset of Newlin the
ewes, tumid , the Right .Repoerabler Gentleman
stamp old notes, eels* tbe, feenter,47 eau.
Celled,' neigh le, gad ceadidon ?,4 ,71re • _
konceflor
• raj the &chequer *6- 444 te a4dentsi.")—Wol,
thee, mewed Mr. Timer, that is only a matter of,
•erete taste, ihitegW on spelt hardly' see why this
dietinctiod Auld be taken between. the spend oote
and the new one.—(44 tengh.).--At all events, the
sellject required a Committee:4nd, if
ao
shier
Wave
moved for the appointment et ane, he would.biemelf
do so wheel the.Repett *as brneglse op on ateeday.
Indeed, the Right' Hoi. Gentlemew bad candidly set,
sot With repressing the grief ho feltat being obliged
to propose these measures; as to gee of them, the
Restriction Act, be (Mr. T.) had only to say, he
was not in the leaßt degree surprised it thit motion
sow made ; far, /ben some time ago the Right
lion. Gentleman expressed a doobt whether it would
be necessary to continue the ikah Heatrictielk it
was quite clear *bat wield he the result, for the
moment the doubt got into die Right lion. Gentle.
man's head, it went oat of the beads of every body
else—(dtaugh)—and it became manifest that ciub
payments would not be resented at the appointed
The Restriction was sow to last bat one year more,
•• and no low?' (the words of the old Act). Now,
of this he did not believe oat single syllahlt—
(Hear, hear!)—it was a palpable delusion, foe. Lai
long as the Right Hon. Gentleman went on with lhisl
career of finaece, jest so long woold the Bank Rs-;
'friction continge.—(ilear, hear !)—The same Own
and the same promises, would be held, forth *at(
year; and, indeed, the Right Hon. Gent.. wield;
come forward with a better face, for he might thee
lay, " 0! 1 mist have the Restriction for one year
, more, and uo longer, for how can yoe think of 4111 W,
Iturbiog my banksnote systeds„ which is to begin O.
next sear with the country Bankersi"—:(Leogh.F=
it would be too bard, in 1819, to touch the system ,
prepared two years before-hand for 18`20; indeed, no
*cent man could have the &cote do it.— (Hear! and
lighter.) It was quite clear that the Restrktion most
go on from year to year, unless the Home compelled
the Chancellor of the &chequer to alter bis plan of
dealing with the Dank.—(liewr!)—lle said, in-
deed that he was most anxious for the resumption of
cash payments, and that the Gentlemen of the Bask
were equally so; he (Mr. T.) folly believed they
thought alike on the subject, and that neither were
rash enough to dream of cash payments so long as
they kept op the present system.--[!tear, hear 1j—
Every body who sew what was passing knew that she
Chancellor of the Eteheqeer could not go on io his
financial progress without the Bank, nor the Bank in
their increased issue* without him.—[liter, hear ti
•--Before cash payments can recur, the whole linen- ,
6%1 system now carded on must be totally altered, or
some substitution devised for the paper circulation of
the country. The Right lion. Gentleman knows full
well that he trembles at the idea of the Bank resum-
ing cash payments—[A laugh]—for his system has
done every thing to render cash payments quite im-1
possible—it has increased the paper circulation to a 1
great extent. The Right lion. Gentleman was aware
that he had augmented the amount of paper circela.
tint, by the sum of two millions and a half. Were
the House then to be considered such 6, dolts and
idiots" (to borrow the phrase of a Right Hots. Gen-
tlemen opposite, Mr. Canning) es to swallow all
this, and not at once see the operation of the ex.
istiug system of finance ?—[llear, hear !]—lt was
clear enough, that if the Bank, resumed cash pay.
ments on the sth of July nest, the revulsion would
be of en alarming nature ; but was not this very cir-
commence matter of grave end serious charge against
the Batik, which for the last eon years, instead of
honestly squaring their issues with their proper in.
(station of resuming cash payments, had done quite
tbaseverse, and gone on increasing their issues in-
stead of diminishing them ?—[Hear, hearfl—They
had uniformly gone on, buying or advancing money
on Escheqoer Bills for the use of Government. The
Bank continued this system of accommodation to the
Clmecellor of the Exchequer, who was thus enabled
le some dean, to the House and make flourishing
speeches about his having kept down the rate of in-
terest, while the Bank were petting into their pockets
doerishing profits, by this game of playing into each
ether's bands.—[llear, hear I)—The Right lion.l
,Gentlemao had very earnestly occupied himself this
sight, in telling the !loose what had happened 28
ifs" use. lie. AKtentred eery: onsioes to refresh
their memories on what was of little consequence to
recollect; indeed, for his argument, he might as well
hive retraced the course of events to the drys of
; King Winkel—Ulcer, hear !1—and to slate the
whole course of exchanges and prices of bullion
from that time downwards. What bad happened
before the present time was of little consequence,
what was to happeo after was of much. The Aus.
Irian loam, at a former period was alluded to; bute
what bad bees the effect of that ? Two large remit:
tenses had been made to Austria, but gold during
that period stood at the Mint price.—[hear !]—
The state of the country created the then apparent
scarcity of gold—it, le point of -fact, hod not gone
out of the country in these loans, but was hoarded
at home by the People, who just then got alarmed
.at a alight attempt of the French to land on the
Welsh coast. The People then thought it a good
'thing to have a little gold hid in the corner of a
Cellar, though lately it appeared to please the
Chancellor of the Exchequer they had shown a
laudable abhorrence of the precious metals, and
could not be got to exchange paper for thern.-7
The Right Hon. Gentleman had described in
glowing terms the increased commerce of. the
country ; but he bed entered into a grave detail of
the number of Enilisbeten now travelling abroad-
-90,000 persons, it seemed, had gone abroad Mace
the peace, and about 12,000 of them had remained
on the Continent, who were averaged to draw from

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tiwits
yiitedfater:ynallwitwfetoiooediritorlipsi.chiliguttretgetGehho.eiroanreartHinediessieec:egopehatassi
imni:ceLatesoonsmitfratiawfvbfiesseoraesieepsisseceitragotenhwrceedleiss
t:wtinto:tessoppdisiltl:ristio;te:
ea tie abiePtanertesoutotaltheintilettlia'the'abeve:rp.
to have iecorrede for the Pftrsatiww tso4,Sed
stair the filark.—(4 laugh )—Tice tdrafiti
tolitelforesed also a principal part of the reasem
1,11011 dictated the Right lion. pentlemeriTiiniiiiit
coarse. The English 'contribution to these lota,
rateld of 'course be ascertained ;
_bet how could the
sops raised in France be astOrtained? By an aitim
nation of, the rilfliel coocereett the British shire‘
these tranvia:titans could, be glut ot, aad tie itiltl6
could then see the eatent of Mir operation,-ukigi,
fecting the mosey of. this sentry. It worfEliwoo
110 had 00 &seta, be seen, Ott thee loons would cast
fa root% ,tpe ilrebtiest
.evedamenefUrgeltyi boar's fin*,
eentisteanceef the iteetrictieo Act.—( Hear !)-114
whole @soft tar in the, traasattions between do
'Beak pieecters mid the iclgilt flea. Gentleman, ob. •
knew very well that the foram. were bin teaswea4a.
" I," said Mr. Tierney; " told MO set** years up.•
and I may use the words'of the feet—o.
1 reuestst sat Ono, aa# pow 1 kiwi le
—(LaustAter).,--Without the Beak advarteee cud
dealings with the Alight How. Gontleelearbeitof
bubbles would have bum while he was tiltrieleg thNi
0p.,-((lear, hear 1)-0a thaittibject or the rate si
interest, efew words may now. be said. It-nets dear
that the rats of 'laciest was now kepi &wet by the
system of the Bank. When'the Right Hem. Gent.
attacked the Sinking Fundsometime &gosh' stid,thet
if ellnived•tosiorgetent in'the Accelerated folio it wee
moving -in, the *cm:mutation would become se goeg.ll
as to lower the rate of interest beyoedoll fair moo
sure; but' his argument qe the -Subject ur
loans was the reverse, from their tendency to liminess
the rate of interest to en unfavourable height. .11,t
he forgot-that it was not the persons who' weatittil
the country who aloes vested their property A toe
foreign ands; for it was clear that the iPflualltailt
to vest any sums there which could be spared less
. very coesiderablo. Whew the interest was kept
down lutists manner, and upheld en the Continent,
it was impossible to prevent this tronstnissio • of
areney to the place where the higher rate of Islamic
wasto beektained. The very system of the Chao.
collet of the Exchequer had a tendency to keep up
this inequality, and create the very ineonveniesce
which tie professed to remedy. When the rate di
interest fell in 'counts)! by wore' and fair means, it
was so far a proof of prosperity ; but such was not
the fact when the redaction was artificially caused.
The Right lion. Gentleman did not, of coons
forget Ilia famous project of last Jane, when he boa.
rowed 300;000l. at the Bank on the-security of the
woods and forests. By artificial meanilt was also
made to appear that the proiltice of thirSinking Fe.td
in November and December, loss rjaiti ickeil to list
of the whole retorter. • HO fille aught Hon. Gentle.
man seemed to overlook the lire of.thtmnproductite.
ness of the Sinking Fond, and thelsilure of his antic
cipation to pay oaf the 6/v per cm 0. The were
doubts be tad treated on tit* subject of rite eeliatero
lion of cash payments, had teal to that focteatlo., and
uncertainty in the monied' metket which we, yen.
ductive or so much evil. This was now settled for
another year—the evil day rasa for so long f..rced
self; there was Indeed danger in the airiest of the
day, come when it may, hot the longer it was pet off
the realer Would be foond the iucot.ewsieure, which
sooner or later must be felt when cash payments are
resumed. Whatever confidence the House may bs
disposed to place in the Chancellor of the 'Exchequer,
he (Mr. 'l.) hoped each' coubject as etis 'Would not
be deemed eligible on the Mere oratemota of on. in.
-dividual. Leta Committee decide upon the clues.
tins., end say whetter his was the only nation which
was to be left without a circulating medium ip
specie. The Right Hon. Get.tlenaan calculated
badly ou the strength of the monied interests in
France, whets he supposed that she looked 'to this
and $o oiler countries fur her loans. On the cow
Crary, he knew that them was an extent of stealth
unemployed in that country greatly exceeding what
might at first bight be conjectured ; they woul•I,
without mach trouble, find at home a great part of
the pecuniary supplies they wows!. It was, there.
fore, time fur England to look at:trofbe at-ber finan-
cial situation, and refrain from buildittg caltelations
on the appearances of suck motet., in other States.—
linuse should, above all, look into the affairs
of the batik, and take the most effectual measure to
compel that Corporation its -restrike cash payments
Isis.% the least possible delay,: their increasing paper
circulation must he checked, or else they never can
pay in specie: The Right lion. Gentleman coocluded
by giving notice that he would move fora Committee
on this subject. The enquiry could, he sail, he
finished in the course of three weeks, and it was awn-
straws twioppeee oily cdleld ris to such e queoloo
oitbsaut it, on the' n ere confidenee they may place
in the Chancellor of the Exchequer—a colifidence
which lie wss.pure Mr. Pitt, in the plenitude of his
power, would never havetlreantt of applying
( flew!)
pain
rto. GqißieE,9NriFouElLar tioisaflidimhseyhpa,detteiizttesaueid:ounitsichh touch
itrh
was attetr.'pted to justify a measure 'w hich tended, be
believed most conscientiously, to the subversion of
all property in the kingdom: •An overehelining
paper currency tied always been prodactiteof the
most fatal mischiefs to every country **here it had
been tolerated. The renewal of the restriction from
time to time had been supported upon varies,
grounds. Sometimes thestate of foreign exchange.
and the price of gold were brought forward for this
purpose ; at other times a bed.harvest, or the con-
voision sod, revulsion apprehended from sudden re•
currency to cash-payments were bold hot. Since the
month of July last, the progress of the Bank was a
sufficient reason to account for the rice is the price
of gold. •
The CHANCELLOR, of the EXCIIEQUFR
said, that the security required from country Hauliers
was no refection at all on that body of men. re
security was necessary protect the interests of the
the poor, wbo were principally affected by the issue
of 11. and 21.• notes. The Right Hoe. Gesalemei
then quoted the authority of the late Mr. Newland,
to show that the price of gold had been sometime's'

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THE STATESMAN -
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mettle, pertyl sad who could not give available securitt for" scheoeifor; the as, of Debeatares ?-4k alit I}-,•*( this comets
,ts as at . their asstes. The leltding rigieladoas oil Ow•lect thtti witfikailMyusto be *geld nat 0,0111, 0, thOgost end a half
Losiktilt lof !totes seder M. rgred to hiss to iive4ll6; oti:• 4 : 'meld pass h oves,itislieupli., aid the Right
1 isa e
iontaoltat
Iwo
Ent:
~.its...,:ilf.
for , .%. . . mesa, de ardor du nisi bailie. goiog sod i
es Itu ts,
in eon. ..piertiopa :rot es eiaib 01 w • of. stir c. Igor* i-it - , --.• Is 'object sired .the deepest lest two y 4
loilsols stiithi. vequitt. They welt% hoWlsor, !loud o
.in costa*etkiir,r.
_a slogiustateseent- from .au afidal, thought, a
Masons Otition of efidiatiet, and no ass sorely would say .Geitlirevio would not orris, the country ; there be eiloWe
od, in , that they ouLkt to prohibit all piper **daily binder ottsebe;a prorlooiamploiNUAo only effectoal way share of it
ito he -51. He blew that as opinion had beta ester- ,it could be obtained-71A COAMMitttl6-11/eitr, Posed to Ili
old not i tined.; bet osotiot last of Sodom, he wit tore it A'ear 11----Bat whit atifqii s 'ad blot was. tlitst what will, ma ,
. _ . -_- .....1.1 ......... ...Am* IN.. Ausiameham infra • [OROS Vora

~..
..;
.
ponces about two minima
himself was four dates 04
man's travelling list, twice.
g from France daring the
station of erpence was, he
I.Ptleanotiraesoutnttillakeherntilethekt:heh'aok-rderll.ll
am fop.
or the propertion pit*
—(4 laugh
in elphl ;art of the teasels,
lion. Gentlemetiiiirensit
ontribution to these Ines
'seined ;
_bet how could the
esetth4ained? By an *vied,
writhe& be British shire%
be pt at, and tie do4n
of Mir operation,-*
• .
s sweatVy. it woe!
thet thee loans muse sa
neofffir'rgesy hoer's Ittrihee
ivies Act.—Otter n—r he
re transactions hetet/au' the
Ada Ban. tieellemen,Whe
termer were hie ibesteeik;a-
-6 told hies se tte• years age;
'of the fiset7-k
ea# pew 1 twit it.*
tbe Beek advaaope cud
lOW C,•Onthlgnev.hfilf,ff hit
while he was blowleg thtmi
s theeobject of Skinny ef
r now. be said. it-eras deer
was now Ikess dews by the
Viten 'the Right How. Gent.
dsometime !knit!' stid,thet
'the Accelerated fella It use •
Wen would became so `rest
nterest beyond nil fair men.
no the subject nr for*
)an their tendency to
unfavourable height. .R.t
the persons who' weatitil
vested their property At*
$ clear that the ismtacessat
which coeld be spared mss
Sea -the interest was kept
id upheld on the Contintot„
werent this transmissio • of
re the higher rate of &gored
he very system of the Chao
,r bad a tendency to keep up
este the very ineonseeisoce
remedy. When the rate d
by mature{ and fair SOU, it
Prosperity ; bat such was net
;don was artificially caused.
lemma did not, of courses
t of last Jane, when he bow
&tat on the-seturity of the
artificial meanilt was Ilse
prance of the Sinking Food
ober, less. reltiti 'ging to tut
iint tee Riga, Hon. (tittle.
the fart of thennproductire-
d, end thelsilere Id his anti.
I fire per ern O. The very
the subject of the rebalsfAr
Pad led to that fiecteatlo., sad
lied' replaces which we, pen.
This was now settled fee
day arse for so long f..rced 't
danger in the arrival .f the
bet the longer it was pet off
and the inconveoieurn, which
p felt when cash paymeetv am
Infidence the Boom may be
Chancellor of the Exchequer,
i'coubject as this irmald not
he Mere statement of one
titre decide upon the cluess
his was the only nation which
it a circulnting medium ip
Hon. Get.tlensan calcolsted
of the monied interests in
titled that she looked to this -
for her loans. On the con-
tete was an extent of areal :,
entry greedy exceeding • hat
P conjectured ; they wouhl, 4
find at home a great part of 1
they wanted. It was, there. V'
to-look atarothe at-ber fain.
in from building ralrelatioos
Lick matted in other States.— ,
fire all, look into the affairs
the most effectual maniere to ;,
nn to -restrike dish payment.
delay,: their increasing paper
?eked, or else they never can
itt lion. Gentleman concluded
would move fora Committee
enquiry could, he sail, be
r three weeks, and it was 06"n-
ccsold go to such e yeenlott
re confidenee they may place
!he Exchequer—a enlifidelite
it, the plenitude of his
re-dreantt of eppl)ing for.--
sid he bad listened with much
flimsy wetests upon which it
fr• s measure which tended, he
iously, to the subversion of
kingdtiok • An overwhelming
ways been prodectire.of the
every country where it had
Mews! of the restriction free
'en ***ported upon varies,
hnstate of foreign exchange.
were brought fore ard for this -;
les a had. harvest, or the con-
apprehended from sudden re-
.rats were bold but. Since thy
I progress of the Clank was •
:ount for the the is the pfia
DR of the EXCREQUER
visited from estuary Bettkem
1 on that body of men. re
protect the Interests of the
tincipally affected by the issue
The' Right boo. Geminate I
rity of the late Mr.'Newland,
of gold bad been waggons'