The Statesman.
London, England, 1819-04-06 00:00:00

IMPERIAL PARLUMBNT.
-...-
HOUSE OF LORDS. Ar■n. S.

The Earl of Hopeless sod lard MAHN took the oaths and
Heir WSW.
A worsted • Report fees the Trustees fur improving
the =blowing Fife mod Etlisibtergh.
The LORD CHANCELLOR brought hi it Hill 1",.r owed.
bag the Act fee the Admanisitionin et Jewww in gemsand wish
respect to the Joey Coons. His hardship sussed, that It was
his intention to pr•plue Hot the Nil Heald be printed, end
revel a ..crud tine at as Holy a day after the h.lidajs an pup
sible.
The ail MN Hes nod a ant liar. ordered is be pressed. and
to he oral a ieepod sins an Mend of April, fee it lucid.: their
loirdships were isannourd.
BANK OE ENOLAND.

The FAA d ii Alt ROWDY laid we she isable a Report from
the Comeslttee appointed to empire Into she state of dor ark,
with refereeee w the espedieety af she resumption of ear pay
weeds at the period new aged by law, and late such other ma-
nn as are nessecied therewith. sad to reps t tech irritation
rehrive*erete ei may be /inroad without injury to the public
hummer wish their enervainas. which being read by the
Cleft. appeared tio he le the Nina ins .feet :
.6 That is the promeadoe of the euviries. the anemias of
the Canweitin bad been directed le a eircemstatire which they
thee& It arterial le sine* le the ewtderni.o of the limo,.
That the wee etre Back la the yawn INlti and 1817 appeared
to have induced lbw Directors in doe hater year formula. to she
pewees reserved 10 sheet by an Act of Ptortiressi) in give tin
recesolve wailers of tbir intention to pat is ear. all aeon of
dans aelenrolleet let the 1.1 Si January, 1117. Thai the erect
a obis messere bed bur. • considerable dear of be imam
prettlemly reflected by the Bout. ain us say real advance.
by ouch panful payments. towards the desirable objects which
the Bank tweaked to base In view. That the Comesistee hoped
that the !Iry would ripe them so Maria for the peewee Cr..
say details which neigh* aotietpate the tall report of she whole
rem* of their ionolgetimm, whit* they KEMP/ to be we
trembled to ley before the Ileslf. as no the most advantages,*
rode cad period which Parlameat slatookladept for ultimately
twisting back she manner ef she agerry te ois ancient lard.
ard. lan the Croatian were decidedly Si *Onion, that all
practical useful operations forret purpose would hr impeded
noir* ef brio, promoted, by • coatimaince under inning
cireempaatest of the partial payments to which the flank eat
Mew liable. They pertained. therefore, to recussasend swim
Waggly Naha home. that such payments should immediately
he teopeaded* Legi.lative modivelty, dangle merely for web
• period no darld be ereesteey l bnug the whole subject da-
intily belle Parliameto."
The Earl of H A itROW BY, after the Report was
read, said a few welds In a low tone of voice, pro-
posing, as we understood, that the Stauding Orders
of the Bosse be srapended to-morrow, in order to
permit any measure sohnitied to the consideration of
their Lordships to pass through more stages is one
day, and moving that their Lordships be samesoued
for that day.
Earl GREY never heard with greater surprise any
mlatemeat than that which he understood to be now
made by the Noble Livid opposite, namely, that
'their Lordships wets to-morrow to be called upon to
'tumid the Standing Order, wisely adopted by their
saerators, with respect to the progress of Bills. He
was really et a loss what course to take, so great was
his surprise at the proposition itself, as well as at the
assent of the unexpected communication on which it
was founded. When it was stated that the meager*
which the Bank had adopted as a anus if facilitat-
ing the resumption of cash payments, had so little
answered the intention of its authors, that it ra-
ther retarded than forwarded the object in view, and
that, notwithstaadiog the necessity of coming to a
speedy decision on the affairs of the Blink, some pre-
liminary proceeding was thought indispensable, what
was he to think of the prudence of those with whom
that measure, the suspension of which was now re-
commended; had origiosted ? It was now the men-
ty-third year sites payments its cash by the Bank
were first suspended foe only one year. It was at
loot provided, that Ike suspension should terminate
within sit months after the conclusion of a definitive
treaty of pi-ace ; bat when that period did arrive at
which Ministers had pledged themselves to restore the
country to its ordinary state with respect to its cur.
ratty, still was the resumption of cash payments
hand impossible. It was then premised that we
should venom to that desirable state in the coarse of
owe year—again within two yew.,; bet all these
promises bad been violated, and all the assurances
held eat to the Plastic bad wily *raved to delude
those who placed credit in them. Whenever he and
his friends impressed their (Imms of the promises and
assurances held oat by Ministers being realised, their
opiates' were treated wish derision. At length their
Lordships had arrived at the present period, when
Dlinisten thought it necessary to propose a coating-
aoce of the reettiraion, after the period iie the present
year at which they had solemnly filed its removal.—
They recommended, however, en enquiry into the af-
fairs of the Bank ; end the resett of that enquiry their
Lordships were told would exhibit some general view
of the situation of the flank, and recommend an phi-
mate measure for the removal of the restriction. To
that measure, so necessary to the welfare of this great
commercial country, the Public expectation had beets
ansiossly directed, bat as yet hail esperienct'd no-
thing but disappointment. At length. the Report,
which their Lordships had heard read, was pet forth.
How little it was possible for their Lordships to es-
peet sitch• commenkat ion, was evident from what bad
gassed so the subject. TN Public had been assured,
within two months of the mewing of Parliament, "that
the Bank would be able to pay in cash." What had
been the crane of the change of opinion? Were
Dialers stricken with coafsslon at the situation in which
they were placed wish respect to the Bark ? Did
Oar conduct proceed from not beivg able to comm.
bend what they ought to do, or hod they entered
into a combinaticia to cheat and decries the Public?
One alterualiee or the ether was certain. 'their con-
duct must either proceed from ignorance or fried.—
Is either cote he would not give his .newt to the re-
commendation conteitied let the Report of the Com-
mine*, which was neither more nor less than this—
that their Lordships should adopt a mestere not t sly
meat extraordinary hi itself, bet tint entherised by
the *sample of the original proceeding is 1797.
The measure contemplated could only be recom-
mended on the supposition that the Rank is sot able
to pay the notes issued previously to the year 11117,
though they have of their own accord promised so to
tie. To such en unespected proposition he could
MINT accede without eerfairy. There were on
the Committee persons, whine opiuient he highly
respected ; bet he must enter his protest airiest
a proposition so novel sod ettraordioary, and
which was in direct coattadiction with the course
perused in 1797—se proposition which could only be
jellified nu 01111 ground, meetly, that the Bank was
lit a most drapetate state, end that so pressing was
the aecseaity of the case, shot unless Parliament inter-
feted in the summary and irregular manner recom-
mended, inevitable and immediate reit' most ensue
It sal with great reluctance he felt himself compelled
to urge these objectless; but no ceofuleace io