The Statesman.
London, England, 1822-07-06 00:00:00

PROCEEDIXOS IN PARLIAMENr.

Pnopo,rd from Yeateiday.—(Houta or Coat.
1,0N11.)—In a little sly corner of the report, hardly
to be seen, even with our spectacles on, we bunted
oat, after we had closed our commentary of yesterday,
e short paracraph in the proceedings, stating, that
the [loner was in a Committee on the Small Paper-
Alone?, Bill; and that " the CHANCILLOR of the En-
" CNIQIJER (un 1.1 I e anggelliOn of Mr. RIC•RDO and
" Mr. firms) consented to give up the clause, ;Who-
" rising the Count y-Bankers to pay their note, either
" in Enid or in Bank of England nate; and to leave
those bankers on the footing of other Debtor:."—
This is odd enough; for, as our readers saw, it was
only on Tuesday last, that Mr. PAaCoa GRENTSL,
upon perceiving no such chose in the Bill, said, that
he should more the issue :Hum of such a clause, if Mr.
VAN/UTTAR T did not insert it before-hand ! What,.
then? Did the latter insert it ; bud did he thus ex-
pollee it upon the suggestion of M . Mass mid
Ricer no? And, was this done without a wordicom
PA,enit, whose artieity is proverbial, and who elsoMed
it in conspicuously at the time of parsing Si, .refs?
" Oh, infirm of purpose !"--.Was such a thing ever
seen or heard of before under the name of limns-

mint ? As to the regret ; that is to say, as to the
fact, that the Country Ragman are to have at/option;
but are to pay their notes in gold, if the holder,
choose; that is all we want. To authorize the Bo-
rough-Bank to make small notes after May 1523 is,
in foe, a part repeal of Pates Bill; and a total de-
parture front the spirit of it ; because the 'Hedged in-
tention of the Bill was, to return to the ancient stand-
ard of the kingdom; and because one of the stroog
grounds of the measure was, the necessity of putting
an end to small notes, in order to do away the horrible
hatigibgs on account of forgery. This new measure, be
4 he pretences for adopting it what they may, is intended
to keep in ci rculativn more Paper•A/oney than it was,
when the Hifi of PaLL's was passed, intended to keep
in circulation! It is an attempt to shuffle out of the
effect, of that Bill. But, we, for our ptrts, do not
mind the Semen Paper Money Project. What we object
to is legal-tender, and, if this new Bill do not repeal
Pteh's Bill in that respect, we are ssti-fietl. IVe do not,
however, quite like the phrase of out little CHANCEL-
LOR ; namely, that the country bankers were to be
placed on the "footing of other Debtors;" for, it
may be intended to pot all dt.Gtors on the footing that
they were before the posting of PEAL'S Bill, that is to
say, to tender payment in Bank of England notes, and
thereupon to screen. them from legal process, except at
the expense of the creditor ! And, after all, we shall
be agreeable disappointed, if the new Bill dd not con. ,
tain something of this sort. We mast bow, however,
brand-hy ; for, there must be an Act; sad an Act is
generally a thing capable of being understood.—
If no l gal tenth,- be enacted, this Bill will do
nothing as to the end for which it is intended.—
it will assist but very little in keeping out the paper-
money. After next May. the country-rags will disap-
pear ; and prices will come down a great deal lower