The Statesman.
London, England, 1819-05-10 00:00:00

'CITE gTATESMAN

more strecie•s than they were, again to impme upon
those w►o, parkep•, ones confd►d in you; and
again to push • few enfortingste, miggeitled men en
to their destrucliee. bleat," : the farce of i ea
lion will net be played satin. To your Lordship,
perhaps, the keowlmige tat you ere detested by
almost every man in England, may be no rorrogch—
ye, I shall take care that ere yno sink into yotir
vete, you shall bate the !atisfaction of konsing yew
tarry moth feelings along with you. to 101 l you
to etersel repose. It was In elprominti or s c•le.
broiled 'Whir w hen sddretelee the U.k. of Go t not
I—that he should relieve the severity of his morning
studies, and prepare his mind for the holiness of the
do? ;' mine, my Lord, shall he another tusk.— I
shall endeavour to collect a few u•.fsl redwing's,
which may be the subject of your evenings' medita-
tions ; sod, as you lay your heed upon year pillow.
I defy you to forget that yno de it amid the earses of
a ninon. I hove net done with you, my Lord ; I will
not quit you white klinigt•r • aye —and cannel at
you may be, there is, I believe. bet one situation
possible that shall shelter you front me—it is when
wanting power yogi shall rem. to be more hateful,
and • hest nothiog bet the (Mil% of contempt shall
tPolaill to flit otter plot memory. You have com-
plained, my. Lord, of the odium and skimpy east
wet against vow ; complain to a Jury—prne•cete the
winter. I ►now you better—you will net—da►e not
Ida it.

%I.C.Off
agrolur FROM 711 K Illtt-ItltT tOllll/ITTIE.
of T• 11 EZPROIMICT. Of lit
DANK ASSUMING Gist! Pir7IIIINTS.
Smoot appolttiod to ennsitlor of
tho %se of the Book of F., eased 1. .efect,ncy

to the Eapediesey of the it...sasysion or Cish Pay-
-mews at the petted Revd by lbw, and into sub
other matters a. art connected therewith: cad to
report to the House such Istrwraistien ►elative
thereto, as may be disrleeed withri injury to
the Pehlic Wettest. with theta oh lions there-
upon; have further cenibleted the toasters to them

affeervtl, anal bass amid ippon the follottiog
Report :
I. Yaer Committee prefico Ikl oborittions
that hot. to make •ro the matt•te itamidiatoit ft-
forma to theta by th. line*, by • !inlet tralpitala.
ilea of ths 1•• s wahirh 101,0:44 sail 1141•• enniinuPd
thy rbgtriction open Psytnont• in Cash by the Beak
of Knalend•

" It is not necessary to eaves* to the clecontsfsnetts
mode* which that Restriction was originally imposed
by Order is Coasscsl in the par 1707, es they became
the suhject of Parliamentary enquiry previously to
the passing of she Act. by ethic% the Restriction was
confirmed earl continued. Its dewiest was limited
by the first Act, which received the Royal Arhont
the id of May. 1787. t• tbe U' of Jione.following.
Frain that period t• was routine's, stoat one mouth
after the commencement of the succeeding Session ; and
again, by the s.st Act of dint Session, emit one
esonth after the conclusion of the star, by a &fishily,
Treaty of Peace.
" In 1802. the provisions of the Acts above re-
ferred to were continued in operation soli! this Ist
of March o' the following )ear ; they were forams
confirmed until eta weeks after the rowintencsiownt
of the then nest Session of . dial:sent. Weer which
period war basing nein broken nut. they weir, con-
tinued gold six wiasivhs after the tatification of a de-
finitive Treaty of Note.
" Ass Act which mown, in the ref 11114, coo•
tineed the Restriction wit tbs. 28th of March of the
following year, when. by an Act whirls recited in
the pressible, ' that it was highly desirable. that
the Reek .f Eastland should as soon es tiossible re-
late to the payment of its notes In each; the foreter
suspension of Cash Poyeseuts was directed until the
sth of Jody. 1818.
" In 1818, if was nein continued till the sth of
of Jely, 1818. the preamble of the Act reciting,
• that it it highly riesicohle that the Bank of England
should. as soon as possible. return to she psym.nt of
its notes in cash. bet it is eaveilient that lho provi-
firma of the Acts iniposiug the Restiirtion shill be
farther continued, in older to afford time to the Di-
rectors of the Bank to mike each reparations es to
, Ihrir dlSCrittion and fart ieut:o mac sneer most rm.
Wiest for enabling than to to...nse ppgympot‘ so
cosh, without public inconvenience. and that at the
pettiest petted. and Shot • time should be lard at
which the said Restriction sheeld cease'

" Th► Act which p.sl►d In the lest Session, after
reciting that It is highly desirable that the Bank of
England should, as mien as gross blot. return to the
payments of its notes in cash, sr.ii that unforeseen
citcomMeireers whicb have nwo•,r.• 1 since the passing
of the bat Act cootiomios itt-strirtion, have rms.
doled it Payedieut that the :'eatriction should he•,
farther continued, and that another period shootrl be
hod for the termination :';e•pot.' dit•cltd t►at the'
suspensito should ream:. it forte another year. I
" The Restriction, rk.r.do►e, at pectin, stands
It-
mited to the sth of Jul) rest; anti, in refitment of
the duty inspoaell spun them by the lineup, your
Committee will proceed, in the fits' instance, to in.
port the result of their royai•tea into the slit, of the
Bank of England, and their opinion skis respect to
the eapediency of tine resumption of payment in spe-
cie. at the period at which by law lbt•y are to be ae-
lewd.
" I. Your Committee called for en account of lM
total swoon, of outstanding demands on the Bask of
&gland, end of the fonds in the possession of the
Book for 'be discharge cf those demmods; anti hare
ascertained, that the tom which tho Binh were liable
to be called on to pay in fulfilment of their @agog,-
Mesits, aveneeted, on the 30th of January last, to
33.1194.5R01. and that the Bank were then in posses-
anion of G..veininent cecorities and other credits to
the amount of 39.096,9001., leaving a surplus in ft-
, veil, of the 111.. k of Eoghind of 5,204.3N1.; rade.
sire of the permanent debt due from Government to
the Bank of 14,636,A001., repayable on the "spirit.
lion of the Chanel.
" This document furnishes a clear soil decisive
proof of the flourishing condition of the afT.rirs of the
flank of England, and juttifies that ample confidence
which the Public have reputed in the stability of their
resources.

" Tenant point upon which theCournittoetegsir-
ed infortossinst, respects thoemnont oaf Cash and lin'.
lion In the reffets of the ..14nk. at the present and at
varicose other {minds since to* year 1707.
_ _

"'After 'Petrol lectuations in the ,meant of their
tteasere, which was sr ry mach redeem! at the clams
of the war, there •pears to has. been a gradesl in-
crusts from the month of Jell, 1815, to the month
of October, in the year 1817. During the interval
between July 1818, end July. 1817, the market
price of gold did not *acted 31. 19s. per es. The
eschanges with the Coatinent, for a very considerable
portion of that period. were in I of this coun-
try ; and the Bank took edsantags of those circa..
stances, and made e wet addition to the amount of
the precious metals in their pn inn. The pur-
chase, made by the Bank appear to hate had an sofa.
eestrabie effect on the pries of gol : and there is roe-
' sot to believe, that is would have fallen to the Mint
price, had net the Bank bled the rate, et which they
were willing to purchase, et 31. 186. od. per ee
Mr. Gnldsniki informed the Committee, that • at that
period there were on otter bums in the market, at
the price which was ghee by the Bank • had there
been, they would hale beets supplied on the same
t►nnis, Bassi had. wonted gold.' Being naked whe-
ther if the Bank had not beets porch 1 3t. 18s. 6d.
he believes the price of gold would hose fallen to
the Mint price, he answers, ' I think it might after
some rime; but that i• matter of opinion wily.'

" In the year 1817 the Bank Aid n meet' Ismer
moment of cosh end bullion in their coffer', than they
bad bees I■ poomosioo of at soy foresee period sieve