The Statesman.
London, England, 1810-12-26 00:00:00

PA RTN.E IMF TPS DV,BOLTED.

J. I'. Holloway J. G. Jacobion, Martin's-lane, wine-
mervitants —J . English, and J. IX Toubuin, Birmingham,
fact, rs —T. Pease :hid W. Cud worth, Darlington, chemists—T.
W. a.td T. Hawkins, Hish-street, Borouglr, paper-hangers--
J. Reed and Co., Morpeto and North Shields, Bankers-- W.
jun. and T. Smith, Lower Thames-street, cheese-
snotigers---lt. Holden and H. Turner, Duffield, 'masters—S.
Platt and J. Platt, Great Castle-street, Cavendish-4quare,
painters--•M. Truelove, M. Beaumont, ant? F. Beaumont, Ca-
dogno-place, Sloane•street---S. Gardner and J.. Riley.,g Man-
chester, c unit-deicers—a. Barber and J. Reynolds, Binning-
haw, toy-makers—E. Tour and J. llelior, Smedley, fustian
an I eaticavrinters—J. Russell and F. Owen, Coalbronk-dale,
tp, bibaeco-inite-manutarturers—J. Fallowheld and Co.
174 dra.l46l,—T Burt nod H. Beasant, Poole, ship-
Isuiiders-.4. Field and T. Broad, jun. Penzance, Cornwall,
tuna w-cliatidkrs.

TUC CONSOR.—Of this enormous bird; Ajotor.•
atilt and ezuggeeuted descriptions have been
bitril,-which, among various other, feats of.procen,.
is said, like the Roc of the Arabian Night, Estee.
faittrotetts, to have lifted an Elephant into ...Wait
I.
hio-enough• to be killed by its (all. A modern Ira:
• Yeller, named llumbuldt,. has given a more comet
aad.-tensperate account of it. According to- Oil
'intrepid traveller, the-Couder usually resides Meng
Idly rocks, in the region of the Andes, on the
verge. of perpetual snow. When seated on the point
of a ruck, and gnawed from below, especially when
contrasted with a ekar sky, it appears considerably
)allot than it rvally.is. I t feeds on both dead and
lying animals, and v will perceive the scent of its
..• prey at a great distance. Two birds will seize on a
heifer, and begin their work of destruction by pick.
log the eyes and tearing out the tongue. ' A method
of taking Condors alive is often practised hi Peru
and Quito, and is as follows, viz. a cow or horse
• v is ; and in a-little limo the scent of the cue.
ease attracts the Condors, which arc suddenly seen
in numbers in places where. no one Would suppose
they exited. They alivayi,begin• with the eyes and
tinges. and then proceed to ,devour v thc,inteeliaes,
&c. When they are well sited; they aro toOlcuavy
• and indolent. to dy, and the Indians take them ea:
lily with anuses. When thus taken, Arc, the Coo.:I
slur is dull and timid fur the first hour, end thee'
- becomes extremely ferocious. Monsieur llsolibehlt.
bid unc in his poisession fur Some days, which it
was daticroes to, approach. The' Condor is ex.
Iremly.teausionis of lite, and will survive fur a long
time *oda oksminds as misist be supposol to prove
immediately fatal ; and such is the fillnese of its
.ri,,maAr, that it has She e4uwee of resisting or repel;
'ling tht force of a bat fired at it filial a gin'

;• • _

~. ~ -

. . .

From al lIIIETrS PO LITIG4L REGISTER.

•
" Thus, the measure of ono-payment originated with the per-
" sons bound to pay."—Mr. TIERNEY'S Speech io the
House of Commons, 22d November, 1797.

PAPER AGAINST GOLD:
usixe. AI txmrivATlON OP THE REPORT Cl' T!1I RUT.-
Lt(IN LommirrEC; IV A •Elties OF LETTERS TO THE
TRADOMEN AND FARMERS IN AND NEAR SALISUCIIY.

LETTER. X I.X•
[Concluded feo.s our Paper of V, sterd.r.9l.

But, when the Third Act came to be passed,
in November,. 1797, a little more preparation
was necessary ; and it was also necessary to find
out new reasons, a quite new doctrine, in justiti.
cation of it ; or, to acknowledge, at once, that
the Bank nas unable to pay. The refusal to
pay their antes in cash had now listed for nine
months; the alarm of invasion was over ; and, it
appeared difficult to conceive any reason whatever
for the continuation of the Stoppage, or Restric-
tion Act, other
_than that of the inability of the
Bank Company to pay their 'notes in money.
Other reasons were, however, found out ; but, by
way of preparation another S EcttEr COM-
%UTILE was now appointed' in the House of
Commons, which Committee were, as we shall see,
the vehicle through which the new doctrines first
made their way into that House.
This Committee, by the hands of 'Mu. caAtmts
BIRAGGE (now Biaggi: Bathurst, and Member for
Bristol), made their Report to the Hot* on the
17th of Novembero 1797 ; and, I will venture to
say, that a more curious doCnment never was pro.
laced in the world. Every syllable of it is worthy
of your attention ; and I beg of you to go careful-
ly through it -before you proceed any further.
The Report was, in part, grounded upon a Copy of
a Resolutiv of the Bank Directors, and Which
had been lased some time before, and which was
laid before this Committee of Secrecy. I shall in.
sort this Resolution first; and I must again be-
seech you to read every word of both documents
with attention ; for, you may be well assured, that
the whole world never saw such docunients'beforell%

* Copy of a Resolution of the Court of Directors of the
Bank. At a Court of Directors, at the Broils, on Thursday,
the liith Oct. 1797.
Resolved.—That it is the opinion a this Court, That the
Goveruir and Company of the Bank of England are etiaWed
b. issue specie, in any manner that may he deemed necessary
for the accommodation of the public ; and the Ciotti have no
lie-itation to declare, that the affairs of the Bank are in such
a state, that it eau With safety resume its accustomed functions,
it' the political riirunistances of the country do not render it
iiierpe., lent : hot the Directors dee •ig it foreign to their pro-
vince to juke of these points, wish to submit to the wisdom
of Parliament, whether, as it has heen ONCE JUDGE I)
PROPER TO LA A RESTRICTION nu the payments
of the Bonk in cash, it may, or may eutrbe..prudent to con-
tinne the Mille.
(711,cieellor Pitt said,. Om it was his intention first to
more ttt:u the Report of the Secret Committee be printed, in
enter that all the Members aright have the itatisfactiog of in-
forming themselves, hi detail, of statements to very pleasing
and. important : but as it would take some time to have it
pi inicd, he ousted that those 4entlemen who laid now heard
ti'e Report resat would think with him than, after the fall ea-
:nab:anon the subject had undergone in theCointaitteet after
the clear and decided opinion that Committee had pro-
ihmtieed upon it : and after the distinct statement, not only
of them bid of the Bunk Directors; it would be unnecessary
to detain the business merely on account
.of the printing; and
that it would be proper to proceed without delay,. to the ob-
ject of that Report ; and name for leave to bring Ina Bill for
teat purpose. He avowed that the measure he meant now to
propose was not contined to the strict terms ofthe former Bill:
hut would move on tiie principle that, as the count, y was pecu•
liarly circumstanced, it woulu he advisable to continue the re-
striction as long as the present contest continited, or at least as
long aa that contest coni Owed itt the shape and with the aspect
it now-bore, reserving, however, to Parliament the right to re-
scind themeasure,andto limit, to qualify, or totally to annul
the restrietiom, as Future cireifoataeres might induce them io
their-wisdom to think necessary. The House would readily
conclude that it must always be his wish, as it mist be their
own, to restore the issue of inottej froth the Bank to its forAer
situation ; but they would also consider that their continuing
the festrietion could not reasonably. produce tke least alarm Or
' apprehension, since they had now iadisputable evidence before
them that; so far from the gloimiy preMetions of Ntotlt gentle-
men who said that neither the Batik nor the national credit
could survive the measure, being verified, both had rapidly
tri-
sen to the high •coaditioa of prosperity -which Nut just been
stated—and thnt not woe of those ineonvenienees which had
been so confidently predicted to result frum the • resfeictiun, had
even yet arisen to justify the appreheusions of those who at
I first so violently oppobed that measure. He therefore would
mimic-Stir leave ;w continue the restriction ; hot before he did
so he must premise that some of the provisions woad require
amendment. The flouse would see how low the advances to
Government had been reduced---but they would hardly feel
that the custoulary advances by the Bank upon the land and
malt duties ought to be prohibited ; yet as the law now stood
they would ; it therefuteweuld be necessary to open the Bill
in that respect. He then moved; That leave be given to bring
is a Bill to continue the pritvisioes in the former Bill, for re-.
straining easbpayments at the Batik, and to amend and conti-
nue the other provisions tattle same—which was granted nem.
con.

The Committee of Secrecy, appointed to enquire whether it may
be expedient further to clintinue Me Restriction, contained in
two Actvourale in the lost Se.ssiutt of Parliairtant, respecting
payments in Cash by the Bank; have enquired ucoordiagly,
and agreed spun the following Report, viz.
Your (:ommiltee have, in the first place, examined the to-.
lel amount of outstanding stein inds on the Bonk of England,
'and of the funds for discharziag the same ;mud find, front the
examination of the Governor and Deputy Governor of the
Bank, 'and the dectsments produced by them,/ that, the total
ainount of outstanding demands on the Bank. was. on the Iltla
• day of this inst. November, 17,5784101. ; nud-sttat the total
amount orate funds for discharging the saute (Without iuthatl-
ing 'the permanent debt due from Govenirnent, of 11,686,808 t,
whichfiears nu interest of three per cent.) .Wires, on. the game
'day. 21,418,46U1. ; leaving a balance of surplus in fiivour of the-
Bank (exclusive of the above-mentioned debt &inn tiovent-
mentjtg 3,839,550/. . .
Year Committee next proceciled to examine, the principal
articles of which theabove-inentioned sum of "31,419,4604 kb-.
in. the credit side of the nceount, is mode up, with :t view of '
ascertaining how far the Bank might be enabled to restime its
accustomedpayments iu cash, in case the rimtricticia at present
subsisting should be removed and your Committee and, that
the tidvatices to Government have, on the one hand, been so
much 'reduced, since thrlatli of February last, as to amount,
on the sail 11th day of this. instant, November, to nn more than
the twin of 4,258,1401. while,wn the other hand, the cash and ;
!Anon in the Bank have increased man ailment more than live
times the'slue of that at w rich they stood on the same .25th
of Fehntary last, and touch above that at which they stood at
any time since the'begismitig of Septendier, Fi9.3. Your Com-
mittee farther find, that the course of exchange with liam-
burgh is, at present, minimally favourable to this country. and
that,. final thitsituation of our trade, there is good reason to
ima;:ilic it will so continee, unlps political circumstances
should occur to affect it. Your Ciiininh tee next proceeded to
examine the Governor and Deputy Governor of the Rank, as
to their opinion of the inconvenience which may have arisen
from the restriction aiflnited un the Bank front making pay-
ment in cash, and sit 'the expi;•ilicticy of contiiiniag suet' re-
strittibn your Ca minito:eau& that they are not aware of
any suelblueouvroiester, end that they are supported is that.idea,
by.lumwing,that• the bankers and traders of Condom who had
a 'light by the Act of 'Parliament. to demand *Tee fourths of
tiny lowish its cash Which they had made in the Bank, of 5001.
! orapwards, have only donned zeiont one-sixteei.th; nod your
Committee find, that the Court of Directiirs of the Bank did,
line the:Will erf • Oestitier, 1Z97, aunt tali reiohit too, et ropy of
v which is sbbj4 irl d'tte tone Iteport. Voir Committee having
farther examined the Governor aunt f)eptity fiovernor,
:is to what . may he incaot by the polltiettl •eirentostunees
attritional is 'taut iteesolutios, • find, Ow. they. ututerstaail.
by flied', the state 'of hostility in which the nation is still 41-
volved, and particularlysuch appreltemians as may lie enter-
tained of invasion. eithir Ireland or this chewy", together
with the possibility thy"( may be of oticuittes being to Bo wade


'This Reputt, this matchless, this immortarße.
port, 'having been laid before the House, having
been submitted to the Wisdom of Parliament,"
the 44 heaven.born Minister" rose to move, at once,
without any time for printing the Report, to bring
in a Who extend the duration of the Act of Stop-
page, or Restriction, as it is called.' Ile said that
he Would, however, .move for the printing of the
Report, " in melee that all the Members might
have the eetisfaction of informing thernselves, in de-
tail, oistatements so very pleasing:and important.;
those gentlemen, he said, who had now heard the
report read would think with him that, after the
Hfoll examination the subject had undergone iii the
1 Committee; after the clear and decided opinion that
the Committee had pronounced upon it , and arter
the distinct stateehent not only of them, but of the
Bank Directors ; it Would be unnecessary to detain
the business ,nerdy on aceount of the printing;
and that it would be proper to proceed without de-
lay to the object of that Report ; and move for
leave to bring in a bill for that purpose," Ile fur.
ther said, that it was necessary to continue; the re 7
I striction during the war to defeat the object of the
•
enemy, which was to destroy our credit ; that the
further continuation of the restriction could nut
reasonably produce any alarm or apprehension,
since they had now indisputable •evidence before
them, that, so far front the gloomy predictions of
the opponents of the measure having been verified,
the national credit had rapidly risen to• the high
condition of prosperity which
.had just beenexhi-
bited. At the end of this harangue, he moved lot
leave to bring in a bill for continuing the Stoppage
of cash.paymeuts at-the Bank, till a month after the
conclusion of a definitive treaty of peace; which,
by the Representatives of " the most thinking yeti.
plc in the world," was agreed to without a single
dissenting voice!
When, however, the subject came to be disiussed
again on the 22d of November, the thing was not
suffered to pass off in silence. Mr. lloauoirse ob-
served upon the new doctrine, which was now
brought forward in defence of the measure : " lie
reminded the Utilise, that he had said on a former
occasion that this
would be the case; and now the
Minister was making good his predictions, alleging
as a reason for so doing, that the nature of the con.
test in which we are engaged &minded it, though
this was no part of the grounds for the! former re-
striction, and though, in comparing the war now
with its nature at that time, it did not appear there
was any material difference. Why the nature of 1
the war, then, made a restriction of six months
only necessary, and its nature now made a restric.
tion during the contest necessary, he could not dis-
cover; to him it appeared absurd and irreconcile. I
able to common sense and sound policy." What
answer was given to this by the Minister ? What
answer could he give? He had, in fact, nothing
to say. He repeated all the former assertions about
the riches of the Bank, though those assertions
evidently made against him ;, and, as to the main
argument, what did he do, but rely lolely upon
the opinion of the Secret Committee, a Committee •
who had, in fact, been chosen by his own adhe-
rents. He said "As to the plan of continuing
the restriction for the whole term of the war, the
woos for it being stated distinctly in 'the Report
of the Committee, it was unnecessary for him to
say a word more-on the subject; it would be found
there distinctly set out, that the Bank was in a
Istate which in ordinary times would. enable it to re-
some its cash-payments and operations on the ac-
-1 custotned scale. But that the avowal of the enemy
to attack es through our finances, and to ruin our
public credit, was the motive (he presumed a suffi-
ciently cogent motive) to make an additional term
of restriction; and when it was remembered that no
'injury, nor even inconvenience, had been sustained
by the restriction hitherto, the House could not
but think it a sufficient eucouragument to adopt.
that now called fur." • /114 t subsequent stage of
the Bill, the next day, he said, " We were con.
tending with an enemy whose object was to attack
the'credit of the country, and-to embarrais its &nen.
cial operations. It was necessary to meet these at.
tacks in a manner that would defeat the object of
the enemy. The House should take every measure
to ward off the danger, and the present was, in
his opinion, the best that -could possibly he adopt. •
.ed." Mr. Hussey having pressed him closely upon'
this point, he farther said, that„," It was neces-
sary to huhi out to the enemy, that .the country
wus prepared to meet all its efforts of desperation ;
' hest it did nut follow that the restriction wonhl be
cuotiuucd during the whole of the war. While,
however, it was pnrswed in its present shape, he
certainly considered the.restrictlon ay alssolutely ne-
cessary."
These miserable reasons ; these most pitiful pre.
tences, Mr.. THAlicy exposed, in his speech of li
the 2c.S) of November, in a manner so complete.,
that erre is- shocked at the thougbt oUthe 'House
afterwards suffering the measure to proceed ; one
'cannot help wondering, that the Minister was able
to sit-and hoar him ; and, it is impossible to feel
,any compassion for the people, who still supported
end extolled him„ and who richly merit all that
could, or can, befall them from that cause, they
having supported him with their eyes open, and
against the clearly and-. loudly expressed dictates of
reason and of truth. Mr. TIERNEY said : 44 That
the enemy would aim a blow at our credit and
finances, all would agree, for altanodere wars have
been without exception carried on upon that
pit. Modern warsare suede open resources rather
,than blond ; but was this the way to prevent the
enemy from succeeding ?—most whimsical expetli-
W-e-lit order-to leave to-the enemy no credit to

from this country to Ireland ; and that from those .circum-
.stanetw so explained, and from the nature of the war, and the
avowed purpose of the enemy to attaca this citioury by in: nos
of, its pualic credit, and tolastress it in its hitancial operations,
.they are led to think that it will he expedient, to continue the
restriction now subsisting, with the reserve for issues of
cash,. nt the discretion of the of the nature of that eon.
*gilled in the present acts ; mind that •it may be so contiptied
without injosy to the credit of the Runk, with an advantage to
the nation.—Your Committee,_ therefore, having taken into
consideration the p,l'eneral situation oftlie country, are of opi-
nion, that notwithstanding the atfairs of the 1141116, both it tt h
reverie° the gcnerid balance of its accounts, rind its capacity
of Making paymeuts it: specie, are in such at state that it might
wititsofety resume itsticenstomedfulictions, UNUER A DIF-
FERENT STATE OF PUBLIC ,APFA4/IS; yet, that at
will he expedient to continue the restriction' now suasisting ins
wuch payments, for such time, and wider such limitations, as
to the ti igluto of Yau liatneat may scent '

--.1

attack, they destroy credit themselves. Kit
last.they speak plainly, at last it comes o t h at
u t kt,t
will distress the financial operations of the count,:
and then they deliberately weigh and find th4iii;
expedienttwhielireb'seervetsf partial to
icontinue Use restriction, ui~h
casli at the discrrtioo
of the Batik, and that it may be su condo.'
cd with
advantage to the nation, and without injury to the
credit of the Bank. This was the result of the
examination of the Governor and Deputy G3teen:
.of the -Bank of England. This was their .
This precious plan, which -first originated in
diabolical, but fertile mind of that monster Robe's:
spierrc."
Mr. TIERNEY, in this speech, which was oiled
the best made upon the occasion,: and to which j,ls •
tiot pretend to do full justice, then shewed hone:el,
it was, that the Bank Company and the Minister wen
hand in lt:ynd through the whole of the transaction.
.that their- operations were intended to scret•n un;
another; that the Bank Company called upon the
Minister for protection ; and the Minister made that
pretext for his propositions to Parliament. Hi
01111)1:m:cc% that the 'principal reason for continuing to
protect the Bank from paying their notes, rains
from the Bank: Directors- themselves, who, even be.
fore the meeting of Porliamente had come to a reso.
lotion, that they were able to pay if the political Lir.
cumstances of the country did not render it inespe.
client, but that the stoppage of payments itt cadt
having been once judged proper, they submitted to
the wisdom of Parliament, whether it would tint l 4
proper to continue the same. " Tits," said NR.
TIERNEY; g 6 the Measure of non.pnynacut origincti
with the persons bound to pay ;" and who, bon
the language of the Act, the world would believe
were restrained against their will from paying.
From the Report of tire Secret Committee, you
wilt have perceived, that the ilan'k Company, this
Company of Traders, were die chief source of the
Committee's information ; for the Committee say,
that, leaving asked them what they meant by those
46 po:itical circumstances of the country," men.
tioned in their Resolution, the Bank people told
then that they allittled to the war in which the
country was engaged f Upon this' ;. aye upon this
ground, suggested by the Bank Company them.
selves, did the Committee rep.rrt, that it ►conidnma
be safe for that Company t 6 pay its' notes dining
r the 'war ; and upon the same ground did the lives
of Commons come to a like determination.

Gentlemen, were not these facts freshV
in ourat.
mories ; were they not capable of proof by liri►/
witnesses; nay, were they not proved by the a.
istence •of the Act of Parliament, of which wean
speaking, would they, could they be believed?—
Could they be believed to have taken place in ant
nation unit earth ; and especially amongst a pea.
pie, .calling themselves ►c the most thinking mph:
in the world 1"

Thus have we traced down this Act of Stoppage,
or Restriction, as it is ea/led, to the end of the last
war. We have seen that its continuation was at
last justified upon the ground of its.heing dangerous
for the Bank to return to money-payments
DURING► TILE WAR. And now we have to
see what reasons were given fur continuing the re.
striction, or refusal to pay, AFTER THE WAR
WAS OVER. But, this, by no means the least
interesting part of the subject, must be reserved for
another Letter. In the mean while, I remain,
Gentlemen, Your faithful friend,
WM. COBliiiTT.

State Prison, Nenate, Tuesday,
Deer4er •1, 1910.

LAW INTELLIGENCE.

COURT OF COMMON PLEAS,
JACOB V. AVBERT.
This was an action on a policy of insurance °NI
ship from London to the South Seas, on a contra.
band trading voyage with the Spaniards. After
the vessel,got-round Cape Horn, the Captain lest
several of his men, whei deserted, lard apprised the
Spaniards of the. Captain's intention to trade. In
consequence of this infortnation the Spanish (dicers
waited fur the ship's boat, whieli- bad been sent eu
shore to correspond with some Spanish
and seized thiewhole of the crew. The ship thus
deprived of hands, was obliged to sail to Port Jack.
son, w licre the captain procured assistance, and dis-
posed of part of his
,cargo. lie then returned
to the Spanish Ma but kvai unfirtunately raptur-
ed on the coast of Chili, by a giiarda costa, and
carried into Lima.
The Underwriters- defended the action, on ike
ground that the ship had gone out of the South.
Seas, and it became a quiestion of law how fa; the
policy allowed her to of .;
also, whether the rivet
was to sail within the limits in which the trade d •
.the Swath Sea Company was carried on, or whether
she was allowed the geographical extent of alit
South Etas. •
A verdict was given for the Plaintiff, subject to
the opinion of the Judges. ,

antra.
On Saturday last. the Lady of the Honourable and Reverts"
Littleton Bits.. s, Ityclor of Tichontrsli, ortjtamptontintri
of a soli.

N 1 /ORR' D.
001 the Slat instant, at St. Clestr's Choreal, Cannorthenthirei
Josephhlattliews, •Etal. a Captain hi the Pon. Crqt
India C. patsy. s Military Establishment, in Bengal, to Eli-
itsdieth, eldest -daughter of Alexander Murray, of
ton.:ganten.
Yesterday, Mr_ William Cope, of Upper Thames-strer4
to Mary Ann, eldest daughter ot. Air. Thu,. Tapp, of Gimp'
Bide. •
Lately, at...St...Muscat's Danes, J. Clayton Jeenym, Es+
to Ntargaret, olds sari/twig daughter of the late*Miclasel Bray!
Esq. of IV initileann.
SalVday last, at Pertly', Tiassaar Kirkpatrick Ilan.
Esq. of Hollybusla, Stalfordshirt. t.. Eliza, daughter of John
Cimuptnn, LIA. of the-harmer pears.
0.1 Monday last. 'at LetriAmtei (711dreit. the Rev. C. P.
Burney, B.A. of Merlins Collegr. ttzfinsi, to 'Trances Bent:
ley, staanul daughter of George `Esel of

DI
On she 44th in t. George Sibley, IR. of Bernartkiree:l'
At S molding. the Rev. Mr. Reedits, Rectoruf North Stoat'
ham, need 81 years.
Wedneivray laa, at to7ominster, Herefordshire, Margo-
rrt, yoangest daughter of Thomas Coleinnu, r.sq.
On the 14th init. lit Bath. %Vu. Cro w der, fie+
On ThitrAto, at Richt/wait,urrey, Mrs. Mary Price, sit-
ter of the late Captain Price, of the ?Mice of'lVales Fed
hodiamnu-
• On Saturday last, at. Lierinlreen. Paddington, in his Sgth
year, Wm. Bailin,. Esq. many years lasted the Cinotritiu-
ers of hi. altijetitit'sStatup Destro.

L-1.• UOir : ; I•••o.tattrtt ..) ,o•
Stiarit•M A Nt 04/ 1 St ir b7t FIC.P4-`l,Cel•