The Statesman.
London, England, 1821-05-05 00:00:00

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iltll. HAlr D ON'S PICTURE of CHRIST'S
OfaNir is the Garde. ; with Solomon. Macbeth.
tr and
itourejlialnittlitleisddrarawlniuggssoffrris Ligplitiastift;
MsWith some of Tama FIRST avraserrs 1$
Madam illiOW OPEN. at the Gallery. next door to
iistyston, pail-Mall, from Tea till Dask.—Ad-
,4ll6ll,7-7Catplogue 6d.

sure on account of the silver coinage, but no material
dimisation costa be anticipated in the gold; for, on the
contrary, the ternptatioa would be iiiereieecl. Greater
facilities for coining would also be afforded, lie re-
gretted to find, by the importation of Platina from the
Continent. He would therefore ask their Lordships to
Impend their opinion on the great question, whether
safety was better consulted by a metallic than by a paper
eurreocy, always keeping in view, that if there did not
exist a great difference is favour of the former, a paper
currency would undoubtedly be the most eeonomical ma-
chine for carrying on the circulation of the empire. As
after the Bill should have passed, the principle of a metal-
lic standard would still be the basis on which the circa-
kilos wouldzott. be should call the attention of the House
to oempentlaion recommended by the Bolling Comniittee,
that during floe existence of a mixed paper and metallic *yr
tea, the Bank should be compelled to purchase bullion
at a fraction tinder the Mint price. Otherwise the
public would be at the mercy of the Bank, and there
might be hot a depreciation, but an improper apprecia-
tion of the currency of the country. The attempt made
by the Noble Earl and his colleagues two years :go to
restore the regular circulation of the land, was one for
which they deserved thanks, though it had been imposed
upon them by the necessity of sustaining the permanent
credit of the country. He lamented, however, that in-
stead of seizing that opportunity fur considering every
practicable reduction in the public expenditure, his Ma-
jesty's Ministers had deemed it expedient to make a
great addition to the burthens of the country. The ne-
cessity for retrenchment still existed, and ma itltout it, to 1
contiose the system of currency, whirls it eels now pro-
posed to restore, would be found impossible. But he
knew that the Noble Earl would ask whetter the House
and the Country were prepared to relinquish the princi-
ple of a Sinking Fund to reduce the National Debt. To
this he would answer, that the principle of a Sinking
Fund had before been abandoned, though its shallow
was still kept in the midst of encreased difficulties. Nay,
he believed that the object for whirl, the Sinking Fund
was ostensibly instituted, the reduction of the National
Debt, would have been better attained had taxes been re-
Mr. Spurn presented an account of the Receipts and moved instead of imposed. and the country been suffered
Disbursements of the Richmond Bridge in 140. gradually to recover its prosperity. When the last ar-
-Laid on the table. rangement had been made in BBL his Majesty's Minis-
Mr. STrav, from the Custom House. presented an ters had only three counts to pursue. From two of
account of the EnOish and Irish bonds exported to those, however, heshrink back, as
an they bad
Bussia.—Laid on the table. done. Loaded as the country with enormo
Mr. WALPOLE, from the Treasury, presented an debt, They alight have forcibly diminished the interest
account of the National Debt since I 766.--Laid on
paid to the public creditor. But this would have
the table. been a positive breach of faith, which nothing hut the
On the motion of the Earl of LIMERICK the Irish
most urgent necessity could justify, and from which be
Losatie Asylum Bill was read a second time, and or-
would always recoil with horror. The second would
dered to be committed on Monday. have fien snore easy and less unprincipled. those:.
O
Viscount SIDMUTH presented, pursuant to tsne
equally dangerons as a precedent. They might have
orders of the noose, certain Papers relative to the
altered the denomination of the coin. If they had not
Trade between the East Indies and China.—Laid on
the table. done that, the only course which they should have
BANK C %SR PAYMENTS BILL. adopted ought to have been to bring down the public
The Earl of LIVERPOOL, in moving the third read- expenditure, so as to set free the energies and resources
ing of this Bill, only wished to state in a few words what of the country, and enable it to meet the necessary taxa-
was its principal object. The only alteration which it tion. He did not mean. however tot deny that this bad i
would make in thepresent system would be, to anticipate not been partially done; hut he meant to urge the ne-
by one year the return to cash payments. Their Lord- cessity of keeping every practicable reduction in
ships were aware, that by the arrangement which hail view, as otherwise it would be impossible to continue
taken place two years since, various stares had been
the operation of a measure, to which he looked with
hope for the salvation of the country.
he Earl of LAUDf ERDALE approved chiefly a
fixed. During the first period the Bank was prohi- •
bited furl' paying in specie ; during the second, it
T
the Bill because it did nut compel the Bank to resume
was permitted to pay in cash under certain restrictions:
and at the third, those restrictions were to cease alto
carli.payments. Ile did not think it quite as clear as
gether. The Bank had now entered the second of
his Noble Friend (the Marquess of Lantolowne) seemed
these stages, and without the present measure, sionl,l
to tins that it would he adviseahle or economical to have
have no power to make its issues in specie before
the month of Mae, 1822. But should the Bill be
a paper currency. Amongst the advantages cf a me-
tallic currency, it was to be considered, that the gold
adopted, he had the pleasure of being able to state, that
ary to carry it on could only be purchased abroad
necessary
it was the intention of the Bank to take the necessary
cess - •
by the produce of our niatinfactures. If the necessity
of
measures for the immediate resumption of a metallic •
, , purchasing thirty million of gold occasioned the
currency, and to pay off its one pound notes in goo'.
going out of thirty millions of our manufactured
The state of the market had in fact, become such,
goo us, it was evident that a great advantage was se
that a very great public inconvenience would arise
cured to the country. And if, on the other hand, all
from not giving the Bank at least the permissive
the
expenses attending a paper circulation were cast
power of issuing specie.
The Marquess of LANSDOWNE slid not rise to op- doubt
up, it would become matter
. of considerable.. .
which was the most expensive tuedrum of cirinlation.
pose the Bill, but the importance of the nieasure ren-
p.aper or gold. As to the superior amount of convie-
dered it impossible for him to allow it to pass through
tons for coining over those or forgery, much depend-
s third reading without making some observations.
that
of
on the Mint regulations. For as long as the ounce
He thought it would be a great public security
silver,
which cost 4'. Ind• was coined at ss. tid• be
di
the Bank should have the power of issuing gold ; for
d not believe greater encouragement fur coining
Ile was one of those who beid the opinion, that pro-
conki be found in any other country. The Noble
Earl then contended that it was impossible, consist-
sided the circulation of the country should be restricted
within certain 17mits, the less the precious metals re-
entiy with the safety of the country, to reduce the
mained confined within the colors of the Bank, the
public expenditure so low as to make any important
more advantage woad result to the public. No one
change in the taxation of the country. There had
been a time when his Majesty's Ministers might have
could be surprised at the facility with which the Bank
reduced the denomination of coin: for when the nab
note was only 14s. bd. was able to pay in cash, for all the difficulties which
value of the one p
had been originally contemplated bad already been
ound Bank
if the pubic creditor had been offered 16s. per note, be
gone through. and things had been brought to that
state, that fot the last eight or nine months, the Bank
would not only have received a premium of Is. 4d. but
might with perfect safety have paid in cash. He was
a whole tenth of the National Debt would have been
glad that the present was only a permissive measure,
fairly and equitably struck AL That period, however,
as it would sot interfere with that great and important
bad been suffered to pass away : yet their Lordships
question, which ought not to be decided without the
might still go so far as to make silver a legal tender,
most extensive inquiry, whether the circulation of the
which would greatly contribute to relieve the existing
country might be best earned ow by a metallic currency iieessare. He was
not
one
of those
who
would
stood
founded on paper, or by a currency wholly metallic. If rup in support of a Sinking Fund. He coo-
k were passible to Indulge a hope, that by adopting ceived that that there was nothing more injurious for
either the one or the other. an end would be put to the a country than a Sinking Fund. If taxes were re-
crime of forgery, sad to that system of fraud which was duced to tbe amount of that which was at present in
but too generally carried on, be
was sure that the deci- operatlia, the relief would be direct. He could not
sion of Parliameet would be given at ones. But the comely* on what principle the Sinking Food was kept
more he had considered the subject, the more did he up at a time of such severe pressure. It was really
dada whither a metallic currency were prrieralile in cruelty to the country, and its abolon would desbly
that raareas to a pare surseswy, whisks had expels benefit the community, by mating a greater doosaaml
an Ilse ins d which it was suseepsibis. He for labour. and by repealing at once 11.500.11011 E of
boa by the room kid before she Hewes sheaving taxes. As to the present Bill itself. he was extremely
sad seder the eery miaow a happy that the Noble Earl hai brought *lrani sack
the bet twenty rase,
the rpm mem, die somplier of sea victioas for alai', a Insagen. •
amooneal tl3lll, wiling that of owiesioss for forgery Loa KING *seed that oasseiny Aloes wild tea-
essise die ass* peried Imo* tagt. The simmetio., olor tie toosesreelsetive. If the Hose of COMP"
got satalog wore thoreisee Imre than dooltio tie oasis" wore to form to a rosoladoo. st the soosomonseurest
of Awe Alfforgery. This was certainly is a groat woo lb. oest Semite. that it was espeslient to realise

establishment from 19 to 15 millions, leaving to his
Majesty's M nisters to make the necessary arrange-
ruents,..be bad no doubt that the Noble girl o;losite
srtiald find means to effect the necessary retrenchments.
He complained that great advantages had been g v •rt
to tte public creditor by enablin4 him to receive
divides l in-a legal currently. He contended that If
the Bank hall not given W. 17s. 10d. an ounce for gulsl.
its price would have fallen much lower. but the
Bank bad been too eager to collect gold, and by al-
lowing a brokerage of IsAlf-a-cr.iwn, had presented it
from i.r;n.: taken 'o the Mint, and brooTlit it all in,:
its nn n coffers. England was the only country whiAr
did not take the c::pense vf coining out of the coinage.
He did n it mean It seignorage, but merely a lir &macs
to corer the expense .of coining. He should, there-
fore. snggest. that 1 ptr cent. should he taken out of
every tub/. bronchi is bullion, to be ruined, anti that
for every 991. brought in coin to be roared, PO!.
shrtu;(l be r• turnerl in hallion. Ity ti.is regttla :o
the purity itt: Ow coinage aulild Lc a vire& It. tv.is
the more necessary. as Loth the rsi.ortatiort anti melt-
ing of cola had been made !e.,:al; and as from ow
c.innexion *Atli the indrpelident Stascs of S.iuth
AlliCr:ra. it WA% lik..ly that we should become the
channel for conveying- gold from the new wt.rill to the
old. There would 1e a greAt influx of goll into
England, and aft rtinaly great eillu• wet ; an.l if t',e
regulation v hick lie bad recommended ne...e cot adopt-
ed, we shoal incur the expense of coining, not only
fur ourselves, hut fur the whole world ; for coin t eing
wore convenient thin bee;, the gold espo-te.l from
this country, would be that which bad re,!cirrd its

EXHIBE• •
ITION of the BATTLE of WATERLOO,
in an Allegory pointed for the Directors of the British
landhttloa. by Same Ward. Esq. R. A. Size U feet by
ill fart. is WOW OPEN. at the Egyptian Hall. Piccadilly.
Admittemes le. A.:atalegee 6d. Deeoriptioo do. With
etched otaillaegs. ed.

O.
a therll' 'fees 1 had
1 51161 W teetered toy
held. 1 so* eats
id de mot MA it
et foe the hawk of
eke what tree of tbis
moorage (real lying
terlant, R. N.
alik April &
rorsa yon, that stomp
d various retoodirs
ettr traloaldo Wtodi-
s happy to bear te..
ay please to refer to
t of my most Flop.
• lotrahrahle
tarii-
reatest respect. yew
J. H.
Autrest 9, 1819.
wa years. so tow la
tj t third part of
I likewl4e W 2% tro..-
rith your asolohtore
Pearly the whole (.f
pal on Monday. Aer.
• obilgstioes to you
it 'moiety that it is
ad for it. hot 1 wia
adatiou.—l out.
8. M.

______ ____
ESSENCE OF SHRIIIPS.
WRONI the increasing demand of this mach mi-
l' paired Sallee for all sot tA of Fish. &e. it Us induced
the Proprietor. HENRY PO ELL. at his Wholesale Oil
and Italian Warehouse. W. Newgate-street, (where the
Trade may be .wappllad with this tad all other Guanine
flames. Pickles. *e.) to return his Mod grateful acknow-
ledgments to the Public for their kind patronage, and at the
same time begs leave to acquaint them that it is sold by all
the Oil anti Italian Warelionses in Londoo. and by one or
moirbulat nests is every tows throughout the
Ev
We. 11
'2l"l** Wiwi dewed " Moore and
liOn,'Nkthe rrop nrs' seal so the Cork.
To Illerehauttalos, sod ahem it is matkolarly re-
commended fors. Cop
shipping, as it is wanmsted to beep Is say
climate.

TUE QUEEN'S TRIA6-11r. ItEVELLI, whose
Family base already obtained so glut a share of
;re- appcobitioc bias it_ist completvd Ms GRIND PIC.
lit it die QUEEN'S TRI %L.; the Eshibition of vih'elt
•tre4 epieed ett !lased the 16th of April. et No. 60. Pall
Ha sad Ida easst!re Ora ever), Day.—This Picture, is
I of her Majesty and Counsel.
Portraits

sel.litese to c oned likenesses -
veletas ebetWildi enter interestleg a of the peen
others.' p 1 daring the protelnilitir, extd aet u aaleaste.l
jeMtHo How of laslifrli4smag lb*

Hors ASSURANCII OPTICS, May I. lSotl.
NTOMB is hereby given, that an A VNI'A G E-
RA. (lewrilf paerratzvoas holding Ten Slum' sad
areardiSh dbarapital Stock of the Fire Department of Ibis
Cry, will be holden at the City of London Tavern,
gaorgate-street. on Friday, the I nh Dayl of May inst.,
mob. ttm Auditor.% Repnrt, pursuant to the Deed of
Setdaseet, and on other affairs.
WM. BURY. Secretary.
Y B. The Chair will he taken at One &Clock precisely.

........1.......-
•

ALL DI ONE DAY, 17th of THIS MONTH,
(MAY.)
TWO Prizes of 121.000
And One Headred Chances for
TWO Prises of. 120,000
Resides 4006 other Prises.
Sure to he Drawn 17rn of MAY.
!acorns only CHEAP P
livid Moawns for tlie
above splendid Advan-
tages.:
TICKET Chance . 14 14 0
HALF 7 13 0
QUARTER . 317 0
JEW lITH ....... . ...... 119 6
Nixtcroth Twenty Shillings only !
Nn Classes !—Every Ticket put in the Wheel, each to be
Drown singly, each deciding its own Fate end no other.
No reserve of Tickets !—No suspense !—Every Ticket or
share purchased on or before lith of Moy. is sure to be de-
cided that Day. when ALL the 121,000 Prises, and all the
4006 Capital and other Prizes.
MUST BE DRAWN !
Tickets'and f.hares for the lith MAI only. are Selling bT J.
and J. MIVEWRIG I IT, Contractors, Si. Cornhill ; 11. liol-
Isms ; 3R, Haymarket : where they sold in the Two last
Cosktracts, ALL the /20,000 Pumas ! also. 2,(1.53, (Class B)
110. r 00! and by all the Agents in their Country.
*,„• Schemes, with full particulars. gratis.

.sal NEW PURLICATiONS. OF POPULAR
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;CIFIC TINCTURr.
ca. and Gout. Cramp,
nag standing. la tbri,
le dicortirrt, this &le-
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ly prove. la bottles

are safortusately if-
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r to consult the Pro-
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I.IIP P AR L.1.131E.V

HOUSE OF LORDS.-FRIDAY, MA% 4.

p of life,
smog wife.
e on marriatr. so ea.
abject. that the married
aehelora hastened to he
4 alllrmeil. that the word
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ite this brillowed oblige-
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the body—a resides,e is
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a state of inanition. frogs
thin doubts the thank el
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.ons. we refer the seals(
Ily those entering into me-
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---------
ft and buntline sense ef
g from the injudicious treat'
trawled in a meaner too well
Ind often entailing on its at
islng and almost insupperet-
Peelfelly calls tbeetteatien
and molt nttectual melted of
*lc of the dl r. or the If
wit
W
o bold the word of
te.- Dr. }lady will sot pw
every description r, f rase. Inn
ly medical and surgical 01141
I certain, speedy. and peel'
to every species of Syfilib.. ...""
if diseaies. the prim
1 bein flattered by the trarT
ompanted his mode of tre
ng and laborious practice. be
ttlest Itonfideuer, protein***
n oar gist. lunumerableln•
alive of the superiorit, le Pc.
been found to prevail. *tea
il by public institutiese.
tilt to tlets.e consolatory
p *Oar_
ally l'ortunste in revivilM w
'orgies of the WWI MOON'
tot timeiy arrested. hili"„Ill
triple o I eiNtetice. From 4.....
il *wilily. by re-atiimatieg lne
clastirbf to there lsonleeene•
the in. sit posittve 01110
L"nt"
cos usey• be retested I a I 4""/
'Ended being only B
falildr".. '--
tat No. 114. Dean-WWI. o.
SO. leads out of Gerreil*Mret•
Two Penny Post Olive. •rr.
. and is 4 ipposite Meard-41f441_
poetry Isoson mo•t itolpietow
I post.
iii
•
sad Pr of dleAlifrr_____Aml
MS" (
•_.1:1•4t (('ft'
litl'. ?. Itosulia's stvf
:!" l
IZMK; d. wbolli ill Sogro
TIVVe..4 Plierldrg.l. • -

Carpe diens
Re promptly est.
WREN Science began to explore the complicated
machinery of Ilan. she was speedily entangled
Ina.. labyrinth of mysterious conlbsion, from which, intel‘
!refuel perseverance alone emancipated her. Ignorance
end empiricism. however, still oppose their hostility.
tad the prejudice of weak minds. in souse measure,
moorages their audacity.—As Truth is to Falsehood—
s() may our public statements be compared with their ea-
Visaed pretensions, and to expose their fallacies, we have
hat hesitated to avow ourselves as prsetitioaers in a
flits of Mirages. which endanger the mystic el eidiioBl of
%tore. To be brief : we are Members of the LoNnon Cox-
Lest of Se across. can establish the integrity of oar Cha-
rmer upon the success of Twenty Years' practical expe-
time. and announce the grateful testimony of those In whom
hag suffering had nearly extinguished every bops of relief.
We pledge ourselves to the removal of SYPHILIS, from its
incipient sjmptoms to the remotest stages. characterized bY
every doubt and whatever malignancy. The intricate and
mach neglected diseases of the Urethra have been earefelly
sad studiously emir idered. as have at these dullest' andhe
important sympathies which refer to the Fools v.
—T
leirmities of virility have been especially aotked. whether
as arising from the debilitatieg tyranny of a MOW Minos-
Plwre—the natural bias of osoodretion—tba Impeseleace of
gaiety—or the more alarteleg siseitsof a prarenity Terme-
bees •• which shun the IS ti" the mimes a lib
marked by a gradual dereliction of the wheal pocrere.—To
ell who are thus cireamst= Mete 011101lially to seeh
as are swirents for con fleellerill. ire earnestly
centred oar oar commentary, (Tea Alll!relifel• di° Pennisi
of which want prove besekiel le Mir meal IlepPluells--..
the Book may he had at 11114 him ; Pau-
Mall; 41. Piccadilly ; Priocowetroot. Soho ; and
ef, Fleet-street ; 40. West 111010111 d t ge. ChesPol"..l;
%mkt sad Stevenson • liortrish
Ilristol; Barrett and Dade, Roln • WM. rd's
• • Headley. Leeds; aad by all iseekoolb'efe.
Remedies tan be forwarded to Pea /..w
patients writing for the seine, wins pow woods/Nye ram
sec --Attendance at hese be soonelloble
aeA co. M. R. C. Warpooe, 11. Ilowearloiotrent.
""vlbeel, London.--A prink door round the UMW.

impress.
The Earl of LIVERPOOL agreed with the Nutle
3larquis opposite, that the present measure u 1 • inertly
peronirsive, and left entirely open the qiirs.ion relative
to At bat shouid be the nature of our future curreni v.
Bet he should not deal fairly by the Noble Marqusss,
if h' dill not state that after the passing of tl.e
Bill, the difficulty of deciding that question would be
greater than before. Should the measure receive the
sanction of Parliament, the Rank intended is recall
all its 11. notes, which might amount to about seven
millions, and to issue gold instead. By this means ne
should return to a complete metallic currency, and if
after that it was desired to restore a mixed circulation
of paper and gold, the difficulty would be more consi-
derable than if the present Bill were not allowed to
pass. As tii the qnestioii which currency was the
best, he had no hesitation in saying, that taking ail
things together, the disposition of hie mind was now
in favour of a metallic currency. Ile agreed with tl:e
Noble Marquess, that a paper currency might be mote
economical ; but then al the evil. with which It
was attended, besides forgery, were to be taken into
consideration. The danger of over.trading awl spe-
culation, was, for instance, ten times greater with a
k- -
paper, than with a metallic enrrenry ; and the soli-
dity of the latter was an allitional advaiitare 'hl +
might render it doubtful whether it was not the most
economical. Durinz several the upward.. of half
a million of gold bad b..esdinportell monthly into this
country, arid the market price would have been far
below 31. 1;s. 100. hail not the Bank given that price
for gold. With respect to the three miilions ai'de t
three years ago to the taxes, be was convinced thst
they had iii no degree whatever contribu ed to increase
the distresses of the country. Even with that addi-
tion, not leis than sixteen millions of taxes had been
taken off ,ince the termination of the war. It would
be. said %bat distress bad augmented ; hilt he would
shew.that the same distress had prevailed where n.)
such taxes existed. In the I; ultra States of Anserica,
the distress was as great as in (treat Britain and Ire-
land, although every tax had been repealed at the con-
clusion of peace, and the Government had since had
recourse to a loan. He was one of those who had pro-
posed the measures of 11.119, because he thought it de-
sirable that all that was required should be done at
once, and that the country should then he left alone.
nothing being more calculated to prevent"' proper set-
tlement than frequent legislation. *kb regard to she
Sinking Fund. be bad no hesitation in saying. that
even if he did not consider the redaction of the Se.
tional Debt a desirable object, lie should still think it
proper that the couutly should have something of a
Sinking Fand. to provide, like a surplus of income in
the case of an individual, for bad seasons of circum-
stances, whir!, might require a sudden inerraeis of
force. Without a Sinking Fund, the country would
have no element of power. no resources to meet any un-
excted exi 'reticles. For such a purpose, he maintained,
thapte a Sinking Fund of five miilioos was but just wllat
w . necessary. As to the public establishment, a Coen-
mittee had been appointed in 1818 to enquire into its
naturr, a id their Lordships would find that its s !gees-
Guns trail been attended to ; that many reductions had
been made, and that others still more considerable
would be effected in the course of the present year.
It was necessary, however, that the country should
know what made tLe establishment so high. it was
the immense amount of the half pee of the military
and the enormous pensions vented in 104 to the
Navy. These charges alone formed a total of bre
millions, a MB almost equal to the whole establith-
moot is former times. The country had also hoes
obliged, from certain circumstances which he need
not explain, to raise the pay of the Army and Navy
during the coarse of the late war. All those charges
sad circumstances were beyond the coutrool of any
Government or any Parliament. Ho -did sot mesa
se say, however, that reductions eight 114 to be
Li
made wherever they were practicable. It was Cs
'pia" es the memory, that the moan of eloctia,g
Owe eliveld be strictly and actively isvestigaled.
With respect to the alteration proposed is ebo ais.
tea of miser, ho esseidered a wigwag: se sothisg:
bee dam a iiereciatiee I bet fait has elhieselite to the
maple of a breseageo mid theiglit list it ought
Teets a It object OK die steatite of tier &Met'
ne Iferessas et Le•esetware sad ii. lead of
isll/1111.1hila 5p d. .••• I -- ..
MI Seri et IMILINUIT wrests& Me iliestfts,
1 011 r to
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if tee Hears Of COSMOS Tie Earl .MAIIIII4II srpsesssi Ms essasso.
cwt of beam Os lila all dm Swig" if 11‘• folts=e
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