The Statesman.
London, England, 1822-06-01 00:00:00

'FIiE STATT,ISMAN.

• _:_.,
don to propose the adoption of • rule, which, in ',dal
..lodgment. tvonlil completely reinedy the aril. He meant
to propose that it should be nt yto apply to the
Court for full powers to use an Extent in Aid, which
would not he granted but to recover for the Crown.

MOCK AM: rie.xs.
31r. S. WORTLEY presented a petition from the
tradesmen resident in the town of Sitelbehleompisinimg
of tt•e injnry sustained by their trade from mock auctions.
Ordered to lie on the

snaking other pecuniary advancers. If they looked at'
tile preamble of the Art passed in the time of William
and Mary, for establishing the Company, it would he
seen that this was framed rather for the benefit of the
public than for that of the parties then to he incorpo-
rated. It bail proved a benefit to the country in every
reap et, and he would rewind the Hon. dumber of what
had been said by one whose authority, without meaning
any disrespect to the lion. Gentleman, he considered to
be higher than his—the late Sir F. Baring. He (Sir F.
Baring) in a pamphlet which he had written. had con
aitiered time Bank to he the sun of the political firma-
ment, and to be equally necessary to carrying on the
tinverninent, and to prosecuting the commerce of the
country. When the lion. Gentleman spoke of the enor-
mous proG•s of tke Bank, and describes! them to he
without precedent. he would refer him to those of an
establishment, of which be believed the Hon. Gentleman
was Deputy-Governor, to the Royal Exchange. lie
(Mr. Manning) had the honour to be proprietor of a
small share of that stock, he wished it was larger, and
the profit thereon far exceeded the profit on a like
amount of Bank Stuck. In one year 21) per cent. had
been added to his capital—in another year 20 per cent.,
and in another year 10 per cent.; so that its the course
of the last he had received an addition to his capital of
50 or hill per cent. besides having his dividend raised
from MI or SO per cent.
Mr. PRES DERGAST was of opinion th e arrange-
ment contemplated would act unfairly to the prejudice
of individuals, without procuring an adequate benefit
for the public.
The Marquess of LONDONDERRY objected to the
course taken by the lien. Gentleman in entering, upon
so large a question on presenting a Petition. If the
lion. Gentleman would name a day for bringing it re-
gularly forward, he would be prepared to meet him.—
But the Honourable Director near him could not be ex-
pected to hear the remarks which had fallen from the
Honourable Genticuran, without at once entering his
protest against the justice of them. lie did not wish
to conic between them or to join in the combat on this
occasion. He was disposed to avoid doing so till souse
practical resolution should be brought before the House,.
and he hoped the absence of his Right lion. Friend on
the present occasion, would suggest one reason for not
continuing this conversation.
Mr. RICARDO did not blame the Bank for the pro-
fits they had made, but he complained of the improvi-
dent bargains which had been made, and which had
enabled the Bank to make ouch enormous profits at the
expense of the public, lie was against the proposed
extension of the Charter, and would endeavour to de-
fee its extension as lung as he could. He did not agree
with Sir F. Baring, uor with the Ministers of King Wil
liam in their ideas of the Bank. All the bargains
which had been made between the Government and the
Bank were improvident on the part of the former, and
he hoped such would not be made again.
Mr. PEA lISE said, whether the bargains made with
tae Bank were improvident or not, a very large propor-
tion of their profits had been made by their discounts.
lie could nish to know what was meant when the mono-
poly of the Bank was spoken about. Was it meant to
allude to the unrestricted issue of paper? In this he
maintained no monopoly had been given to the flank, as
every country Bank, and indeed every London Bank en-
joyed the SAW privilege.
Mr. MONCK olijectial to the proposed plan, and re-
marked on the improvident bargains made with the
Bank, that the Government always presented itself in
the character of a spendthrift before a money-lender,
and was Not in a situation to snake terms, but could only
express thankfulness for those granted.
After a few words from Sir C. liounstt, the Petition
was read.

Mr. tiRENFF:I.f. explained. De wished that two
national banks had been estathlished instead of one, and
the country would have saved many million within the
last 23 years.
The Petition was ordered to lie upon the table, and be
printed.

11012 TV AMERIC4.
Mr. LENNART/ wished to put a question to the
Noble Lord opposite with regard to the recognition of
the independence of the Nona' American States by this
country. An lion. Member had lately put a question
upon ;his subject to the Noble Lord, and had been re-
ferred to the Warehousing Kill as containin^ a claim
which recognised the independence of these States. Ile
had looked at that Bill, but all he found was a clause
for admitting goods :I'olll the Independent South Attie-
rican States, io common with those from other coca-
tries. Now he wished to knair i f any further and mare
distinct steps had been taken upon the subject by the
Go►ernment of this country:
The Nlarquess of LONDONDERRY said be could
give the Hon. leallier no further iufotaiation than that
of whicia lie was in possession.
Mr. LENNARD presented a petition from Ipswich
against the l'oor Removal Dill. Ordered to be printed.
MONCK preseated a petition from the Brewer,
and others of the Town of ll..ading against the Licens-
ing System UR—Ordered to he printed.
Mr. WARM', preserved a petition from the Propel•
Kora of Silk-mills in Taunton against the Navigation
Acts Bill.—Ordereil to he printed.
Sir I'. ACL.NII presented a petition from Plymoa•h
against the Poor Removal Bill.—Ordered to he printed.
Sir I'. ACLAND presented a petition from the Tan-
ners of l'irerton, praying that the whole of the leather
Tay iiiight not 1w tatted off. Ordered to b... printed.
Lord CA...GNI/ISi I presented petitions from Duf-
field and !Wiser in Oalt!suire against the Poor ite-
im,val Bill.