The Statesman.
London, England, 1821-02-03 00:00:00

BdAoSrliesoOlvFe lißileßicLANnDia. a
co...lime
of
R of the lOW
that rtheCHHOuNseCELIA) HEW' moved,
Supply.
(hi the qneation that the Speaker leave the ,
111 r. ((HEN FELL wished to ask the Chancel!
Exchequer, in the absence of the S "b'
Secretary of Irelau,,
whether he was prepared to give any information so
the conduct of the Bank of Ireland, who, be aiderstais; •
'bail refused to receive the coin of the realm as dei
The CHANCELLOR of the EXCHEQUEI
he was not enabled to give any information
subject.
Sir J. NEWPORT said, that since the
Treasuries of the two countries, it was
of the Chancellor of the Exchei, er, and
Secretary for Irelaud, to be prepared with
on these subjects.
•The CHANCELLOR of the EXCHEQLI
it was no part of his official duty to take s_
Of the internal concerns, either of the Bank
land or that of England. Those bodies were
sible to the laws, not to a Minister.
course often occasion to correspond with
Banks.
Sir W. PARNELL said, the Punk of
not the power to refuse payment in sovereigns,
they refused to discount for those merchants -
their biils in sovereigns, mid they distuuntenaneed
the importers of gold toin. As the Ban
enjoyed a monopoly--(hear)—they should ,
ta interfere with the intentions of Parliament.
Chancellor of the Exchequer eternal ee
Bank of Ireland as of a private &whin)
But as it was a Bank of deposit to the
and enjoyed a monopoly by charter, it
to submit to that doctrine.—(llear.)—The
during the late general distress, refused to make
at the suggestion of the Secretary fur Iceland.
general opinion in Ireland was, that the conduct
I Bank had not been what it should be, ar
far impressed with it, that he should probai
the subject before the House. His opinion
it would be better for Ireland that the
the Bank of Ireland should be taken awe)
would be established in its stead nuruerons
Banks or Banking Companies, as in Scotian
Mr. IRVINE said, the report that the Ban
land bad refused the current coin of the realm
had excited his surprise, and he had made
to the fact, and had found it true. The I
tion of Ireland was, that there was no eircolio
that supplied by the Bank of Ireland —lt
politic fur them to issue gold, which tulle
displace their notes, so that it was no advanta:
to receive gold for deposits. More etil-
shout.% however, have prevailed with a grew
went over the calculation of private ade-
hail beard also, that the Batik of irei
tenonedd those who imported gold.—F
knew of the respectability of lleotlemen its
of the Bank of Ireland, lie was convinced
have acted front mistaken views. The lion.
then called the attention of the Chancellor
chequer to the act for issuing Exchequer
alleviation of distress, which was so constructed
one person had been able to take advantage of
land, though many had applied to the Column
Mr. BARINti said, his Honorable Frie-
just sat Moves, had given them some corneal
The conduct of the Bank of Ireland was
the ettentioil. ated he was surprised that it I,
teamed the stsbosail the Socaraluteot. It was(
rellor of the Estelteiner'e boainese, and
know .whether an institution, its/ended for
fit, had carried on the purpose for which i
But if their psinriple was, that they would .
against a metallic circulation, it became
strongly their duty to inquire how the It
self against the declared wishes of Pal
himself, lie was not anxious to return to
Payments, but wished rather to see repro
plan of the Member for Portarlington, as atforilingfts
facility to the circulation, and tending to relieve, is
polite degree, that pressure whirl', as it was his purpose
hereafter to exp!..in, be conceived to originate la part
from the return towards ('ash payments.—(Herr,)—lle
did not wish to repeal the law which Parliament had
passed on this sissiject but to alleviate in a great depot
the pressure. His only reason for having delayed to
make some proposition was his having waited with that
anxiety to see how far the hopes of the Commissioneseld
lw reari.ool by the prevention of the frequent forgery eti
Bank-notes. Ile (Mr. Baring) was nut desirous to re-
turn to Cash Payments. That was another puestioe;
but, at all events, it was the business of the Bank of In-
land to give accommodation to the public. He was sus
that the Right Hon. (ientletnan opposite (the Chased-
for of the Lxvisequer) would see the importance a tie
sititieet to whirls the lion. Baronet called his attentive,
an. he hoped he would twit's-pared to give the necessary
iatedvation on it. Us hoped that souse Gentleitia
woad bring the aubjesit beige, the House, with a view
to ascertain the conilition of the Bank. He dish not ebb
to propose any harsh tiwasnee, lose it was necessary to
set in what manner the business .1 the Bank of itched
was to be carried on, keeping in view the principle IS
which it was instituted.
The CHANCELLOR of the EXCHEQUER said,
that lie would take an early opportunity to communicate
with the Batik of Ireland. It was difficult to conceive
on what principle the Bank could have refused to accept
of gold mini—with a view to preparing for Cash Pag
,netts, Ise thought that nothing could be more ame
able than deposits in gold, fur which the Bank misbt
issue their paper.
Mr. RICARDO saiii,,thet the conduct
al that they did not always ntiilers'tand
trivets. A number of provincial Banks
in Ireland, a great void in the way of circulation,
the dinsetinenCe. The Bank of Ireland, as it
tills up that void by the issue of its paper • the
(pence was, the importation of gold from ;his country.
tie concurred entirely with his Honourable Friend (Mr.
Baring) as to the propriety of a-titto on the nropori•
tion 'villa he (Mr. Ricardo') bail submitted to the
4dt-ration of the Parliament. Mit if too great a d
occurred, inconvenience and ill vireos might arise,
the Batik of England contemplated to pay an cub,
the year in ti, which by law they would' be bound
j do, they would be obligati to purchase a much
stuantity of gold to coin than what they would
hired to do if the system which he had pointed oat a.
followed. Ile concluded by hoping that his Homer
able Friend (Mr. Baring) would propose, at a faros
day, some measure on thesulijeet to which he Aided.
Mr. BARINU said, that be felt the necessity
ins( un the proposition which his lion. Friend
some time before submitted to the House, lie waited,
expecting information on that great questioes the'
vetetion of forgery of Doak Notes. Ho hardly
how to take any step, until information on that
,jest wse laid before the House, Ile hoped. berme
Session passed away, to be aide to hdog forwent,
measure on the principle of his lion. Friers'.
The lions. having resolved itself into a Committee,
Sir H. WARR ENDER said, that a dinsinaiiies
effected in the Naval gatintatri fur the pretest'

17ER moved,
L'omati{tes.l
:he Chair,
.neellor of the
ry of Ireland,
rusation as I.
culerstOSA:
• as deposits?
tQUBk said
adult us the
union of the
the business
id not of the •
Is inforniatitin
&QUER Mill
to C9frizaarr
Bank of Ire,
were remain.
He had sf
th both tease
st Irelanti had
overeigns, kris
ants who paid
its/untenanted
sok of Ireland
ald be the last
im!lent. The
'PM of tto
lig Company.
t Government,
as inipossikle .
'he Bask had,
to make Users
Ireland. The
conduct of the
and he was es
orohably king
lion nes, that
✓ monopoly of
r ay, and there •
rows chartered •
•
()Hand.
Bank of let.
salon as deposit
e enquiries as 4.
present situa- •
irvilation hilt
t might be ism-
ght ereutualiy
antatie to these
.ntarged views
peat establish-
&entities.. He
eland discoon.
Fronk %slut he 1p
in the direction ;
mil they must •7!
on. (ientlensan •
for of the Er-
• Bills for the
ritetell that not
Age of it la Ire‘
;;;;; uissioners.
rival who had
ins lakes:ration
s deserving .(
it had not at.
(Isms-
their deo to
er pnhlic belie-
' it was framed.
d set their foes
•ame the more
lank had set it-
irliausent. Far
to actual Cads
rrrtuated the
s utfording mom
to relieve, in
Nal Isis purpose
riginate is pars
—(Hear!)—lle
Parliament had •
a greet degas*
ring detested to
sited with that
ommissioneseld
lutist forgery di
desirous to re-
other puestioe;
the Bank of In-
ic. He was see
e (the Chased. ,
iportance of de • .
sit kis attentisst
re the neeessaty
tone Geritlemati
se. with a vim
He dist nos wish
vas necessary to
Bunk of Indand

ke Bank =esti
of Basks Arr..
their OI ;IP
a having laiirti
:irculatialte ins
id, as it orilits,
per; the cow.
this canary.
ble Friend (11r.
nn the nrnpoie
ttod to the cow
o great a delay
migh. t arias; 11
pay in ciao,
i. be bound 10
I much grater
r would be ote
minted oat were
tat his lioaosr•
ose, at a ferias
tic', he &Need.
It•cessity sir act-
on. Friend ha
Se, lir
testioa. the Pte'
la hardly tier
Nts or that ant.-
oral, before di,
4 forward woo
to a Committee'
disinativa eras
lie ptearat roe