The Statesman.
London, England, 1821-04-14 00:00:00

Plum Swim Paric.i. ..

that the country and Parlismsat woidd klirs wisdom
from experience. Throogls the departure which be had
mentioned from the wholesome practice of the coulary,
by prohibiting cash paymeats at the Bask, he coald
establish three positions the ahooloto ealmotiamses of
the measure : first, that it created& new crime; secondly,
that it indicted a pnnishinent for such crime as severe as
that which awaited the commission of marder ; and
thirdly, that notwithstanding the severity of this popish-
trent, the crime bad increased no lass than throo-fisld
thoughout the cosotry, aad seven-fold in the metropolis.
To illustrate these positions, the lion. Member read the
following statements :
BANK MOTHS.
Capital Conviction 14 years ?needing 1797-3
Do. Do. 14 years since 17117-20 b.
In the eight rears preceding 1797—0.
Executions for Hank-notes in the eight following

years-146.
From three Executions in the 14 years preceding
1737-2010 in the 14 ears after it.
In the 21 years before 1727, i or 6 executions for
Forgery—in the last 21-313.
roar Prosesutiuns for Forgery on the Bank betWeta
1783 and 1797 ; between 1797 and 1820-1581.
Issatiag false coin sores years before suspension, 379;
Icoavictions seven yearsfollowing, 544 ; instead of rig-
in; fume to 146. they rose only in the rate of other
crimes, from the last seven rears-1311.
Expense of prosecuting lrst seven years, ss,;s4t.
Seven years to 1817 iaclusive, 115,945/.
From I.t‘lt to ISIS Inclusive, 154;165 Forged Notes
were presented to the Bank, of which 126,M10 were
notes ; 2t. notes, or somewhat more than 2'2,010
• year ; but the increase was enormous ; in I!.!2,
1?...i5.5 forged I/. notes, and 4,261 4/.; in 0111, 30,4)9

It notes.
If it were stated that other crimes had increased in the
same proportion. the following authentic report would fa.:y
expose the fallacy of that statement :
Front Itieb to ISIS.
Condemned. Exesuted.
1474..199S or somewhat more
Burglary than tin

Counterfeiting 96.. 9. or 1 in 10
For:reel end Uttering 601-207, or 1 iu 2i
Shooting. Stubbing. and
Administer nit Poison,
with murderous intent 167.. 49, or I in S
Highway Kohtser).. 846-118. or 1 in 8
Iligh Treason
Arson. or wilfully burn-
ing of Property...
In the Iwo Years from It to IS2U.
Condemned. Executed.
Burglary ........ . 063.. 39, or I in 17
Coining
Forgery, and uttering
Forged Instruments.— 141.. $B, or I In I
Shooting. stabbing. and
Administering Poison,
wills intent to kill 30.. 7, or I in 3
Iliglissy Itobhery lllB.. 31. or 1 in 6
Arson. or wilfully barg-
ing of Property
'I he Ilonunrable Member dwelt particularly upon
the injury t.' the public by the circulation of f0rg...1
small notes. through which smaller tradesmen or shop-
keepers, or the least informed, were the chief enfferers.
He farther observed, that while fur 211 years before the
suspension of cash payments in 1797, only 40 convic-
tions had taken place for the forging-or atterisx of
Rank-notes: no less than 1321 convictions fur the
same offence had taken place within the 20 years that
followed. How then was it possible fur any Legisla-
ture or Government, bound to attend to the interests of
the people, ur Of common humanity, to sanction the
continuance of such a system ? None, indeed, could
pr,dit from this system, while it was protlnt tire of so
much mischief, excepting the proprietors of Bank
Stock. Neither the Government nor the people tvcr.,
gso i iiera by it, the only gainers. indeed, being those
u loon he had mentioned, and their Guam was no less
than 25 millions, as he could prove by reference to the
holm sea divide.' among the Bank Proprietors, since
the suspension of Cash Payments. lint he hailed the
present BM as the oimn of that system's approaching
demise; and after farther illustrating and enforcing his
views, the Honourable Gentleman concluded with ex-
pressing his anxious hope that the country would
never again be 'Mimed by such a direful calainity.
Mr. CRIPPS maintained that the Honourab'e
Member's picture was overcharged, and that any me-
tallic currency which could be collected, would be in-
sufficient fur the accommodation of the public, if it
were not supplied with Bank Notes.
Mr. PEA ItSE vindicated the character of the Di-
va ciors and Stock-holders of the Bank, who could have
no wish inconsistent with the interest or accrimmoda-
tion of the public. In support of this opinion tin,
Hum Member ;rioted an extract from the Report of
the &drool Committee in 1/410, of which 31r. Horner
was a distinguished Member, which bore the strongest
Mat' yto the discretion, the integrity, and the for-
bearance of the Bank.
Mr. MU:NI:ELL said, that the Hon. Gentleman
(we believe Mr. Pearse) was never more mistaken that
when he represented him (Mr. (erenfell) as differing
in opinion from his late lamented friend Mr. Horner.
On the contrary there was no one step which lie had
not taken in perfect concurrence with that Hon. and
Learne I Gentleman, when that House and the coantly
had the benefit of his exertions. l'he lion. Member
adverted to a speech of Mr. Horner, in which he clia-
racterised the transactions between the Government
and the Bank as a scene of rapacity on the part nt
the Bank Directors, and of extravagance and profli-
gacy on the part of the Right Hon. Headman and
his Colleagues.
The CHANCELLOR of the EXCHEQUER ex-
plained.
Mr. MOYCK begged to call to Hie recollection of the
House, what had been the exteht of the great forbear-
ance of the Bank, of which so much had been said by
the lion. Gentleman opposite. In the year 1797, their
issues of paper amounted to li,(N0,0410/. ; and in 1917
they were not leas than 38,0119,1361/. This increase
formed a pretty accurate gage and atletteisiirement of
their forbearance. With respect to what had ;.alks from
the lion. Gentleman on the door, he begged to observe,
that lie had sever pretended to itaurthe precise amount
of the redaction is theism.* of the country banks. le
bad only stated that a*e oast redaction had Laken
place: He. denial *NI *e RA in the price sot hellion
Witiiin Ore Slat 1410* rot) eta or meimoswwf tie de-
redittitne of mint cnimniitiest faiwissAlas this from
. • 54 ! 10.‘ ".:".• .