The Statesman.
London, England, 1819-05-26 00:00:00

ray. mem,. lle denied that the Bank had ever mode
an oaer.i.aue of paper, or that they were able In do
sn ; for, if the Rank .ere to entiragnsr to issue only
cue more than the Public had occasion for,
Pot all the ttn•er of she Rank could keep aech notes
In circulation a sleek. lie felt ;Hugel for the omen.
ling, ♦hick had been paid him, and trusted he had
lint been slanting in the respect dee to the ll.tose
If he had been betrayed into any warmth of es.
pression, it hail been pin:banked bs the r•llociions
ct•t nn the Rink from all aides..( Ilear, hear!)
Mr. It I CA II DO captained ; and assured the lion.
Member he had no intention of making soy personal
alinsinna to the Directors.

Mr. 'VI IJNIOT was decidedly in fettles of the orl.
Final Resolutions, which only pee on earnest to the
country of lb. resumption of Cash Payments at a
flied period. Tha panic onnomissarily oohed, world
soon, be was conskeed, subside, and a greater de.
pee of confidence woold follow than had existed for
many year. past.
_ _

Mr. MARRYAT was decidedly hostile to the Re.
solutions. The n►cessities ende► which the Bank
wrold be placed by them, of making large purchases
of bullion in a speci/•d time, would operate most in.
jationsly against es, as regarded the exchanges. He
could not bet consider the Rank Directors as having
been hardly treated on this occasion. The llootrer.
able Member for Portarlineton (Mr. Ricardo) had
attacked them violently, and accused them of melting
large profits at Proprietors of Bonk Steck ; whilst
his Majesty's Ministers, who had formerly been their
firm supporters and defenders, had turned e..end and
joined in the mature upon them Formerly his Ms.
jelly's &Holsters had a tosjority, and the Bank Di.
revers were on one side, and the minority on the
tether. Now, without any r n eseneed, the face
of thiegs ties altered, and it was the Minister* and a
snajorlsy against the Bank and a minority. Ho saw
•o reason for withdrawing confidence from t►e Dank
and therefore tie should efpose the Itesoletioos, be-
cause th►y went to fetter the Bank io its preparations
to resume Cash Payments.
Mr. F. LEWIS said, the novae had to judge be-
tween conlietiog opinions. He denied that the Re.
port of the Committee dictated to the. Burk. They
merely had reported opinirrna and ',Moore, end
it was for the House to judie of those. He believed
if the Resolutions founded on the Report were ser-
ried. they would sanction and confirm the opinion
of the Committee; and then he thought the Bonk
would do wrong if it plowed any other than owe
toots,. He also denied that the Bent had been in-
tentionally degraded in the public eye, or deprived
of the confidence of the noose and the country by
the conclusion to which the Committee had comm—
it was net that they believed the Bank bad neglected
thr interests of the Public, or the commercisliorlJ,
that the Committee bad come to the mentions it
bad. let the Bank pay in gold, and then there
wo►ld be so fear of their attending to the interests of
the country. Bet he costal not ransom! to to•tiese
• power to the Bank, whirls h d be►n denied to our
Sovereigns, namely, the p, err s•f depreciating at
p'essere the currency of the reentry If the denial
of this power hid not fleeted's, the rtidnity of the
Crew 0, how enu•tt it degrade she Bank ? Ile did not
wish to cansms• principles eith the Ilsok, het to
bring back their former habits and practice, sod, by
so doing, to bring ha. It los) n.entari• specie.
Mr. P. M OOR F. rose sm.dst loud cries of wales.
Be could not sot how it could he thought that thee'
prop,sitions had coma upon the Rink by surprise,
after the many earnings oh.. had hail.

Mr. J ABERCROMBIE WO it was • wattle of
greet satisfaction that 11.. result of the Conimikeesi
labours confirmed the opinion elan Hon. Farad oil
his now no more (Horsier). lie, however, felt re. ,
gym that he was obliged I. d.ffer with a Right lion.
Friend (Tierney), who lied &rimed his inteatio to
support the emended Resolutions. He conceived
that the reoenageorlstion of the Committee would
produce a permanent r. 0.1 to the Public. In the
firgt instance It would produce, no doubt, Cu".
siderable inconvenience ; het if it produced much
more than even be anticipated, it was their
dory to encounter it, in order le set up 4 solid eye-
tem of benefit to all classes. He spoke el the
Hrok having derived •eelth from the Restriction
at the reposes of the amino. Thk be considered
tire most rational plan for remake to the regular
and proper standard of vele. in the country. Ile,
treated that the good sense which now prevailed
would resent them from ever spiv digressing !betel
principles, except it was to glee them still more
effect. He therefore hoped the original Reseletions
lipoid be tarried by • lug, majority.
Lord CASTLEREAGH had been desirous not to
rise till late io tile debate, in order to have the ad.
vantage of the opinines of others. Tbk was, indeed.
• most important measure ; but he *as sorry to Gad
that a peculiar agitation had arisen iu the politic mind,
which he was sure ought not to have been elicited by
this measure. Ile was sore, however, it would seise
cease, and Worn to • calm and deliberate feeling on
the subject. it would be their defy to hey before the
Noose soon the whole state of our gunnelsl eiteetiela
really and truly, es well as the situation of the car-
verity, and then they would see the capitol and indus-
try of the country lake a new spring, though new
empended and checked. Let not, then, any one
think that oar prosperity or wealth were hs soy
pee compromised by this mestere. He lied never
argued the propriety of suspendieg Cash Psyments
except on a principle of necessity. Het there was
no feir ground for saying that the paper cerrence
bid bete depreciated, and therefore, though he was
onsions to get back as rapidly es he could to the legi-
timate currency el the country, he erred net ems-
sent to have that -system run dawn, which, in his
coescience he befiemed, nit only saved this country,
bet Europe' also. Ile contended, that far ail pee.
poses of likernal circulation, the Rank notes bad
or is b4c) depreciated. bet commanded as msay of
the cokmiaridisies of the country et one time as at
another, artless the valet of those commodities had
risen in consequence of other eireemstmaces. There-
fore during the Isar he conceived that the paper ear-
'Pricy was es steady a standetd as any other. Did they
believe that they could have mode head against the
enemy, as they done if the Bank hed bee. obliged
to contract its items to that amount it could here
brought them to It was highly honourable to the
Bonk, that when the country was stroggline for ee-
-1 'hay 1131.1 nut auffered .13rrew and cnwrarti.ll