The Statesman.
London, England, 1823-06-12 00:00:00

i

been alhtded
latioss to him to know,
(Zt Schierl; Othaing
abovediatlig the doliaines
bet, our the °entree', had
them,. For sisal, yews •
eterwrocy. lead, beta watt
salatioarand allesraocow.
with a view to that deprowletion;—,
meets, bad been called trtori-
wee so for tax inseeir
were the tax payers.
sider the pnemple os
treat the question Itself a..
witted-Out Winn ,ait'arstion-
diffiortril es toils amount. '
Hugon had treated that
%gat people.teould her
felt any alarm at sit
PUrtarlingten hatitakt
per rent., others
per cent. and he (tin Marquess
take about the medium. and treat the amount of
depreciation as thirty per cent. Yet the Honour-
able alensher for Fortaelington had approved of
the statements of Mr. Musket, who had gone
into long calculations to chew that the fundbolder bad
gained nothing at all. Mr. Meshet, however, had gone upon
the assumption thatit was the price of bollioe which was to
regulate the calculation. and this he (the Mentoess) begged
to say was assuming the whole question in lasso. He (the
Marquess) did not ask that Mr. blushers tables should be
set aside at once—he asked only for Inquiry, la order that
the subject might be fully gone into, andthe result ascertain.
ed cornrc.ly ; but whenever It was asked to reels* illr:Pirod's
Bill, it was said that the landholders wanted to rid them.
seivies of this loeambrance, and wereltigmatisetiss every
Wag that was dishonourgble. The ter*" 'genii-le.:lgt*.
meet," had been considered as equifaleet to spoilatioa.—
The term had been much used by a popular order of groat
talents; but he believed it was first used by the Hon. Mom.
• bee for Norfolk, (Mr. Wodebouse.) at a Pitt dinner ; and he,
believed that that Hoe. Member was one of the last to )11
suspected use advocate for spoliation.—(A laugh.) It WI
bees said, that we were pledged to return to cash payloads
ea the return of police ; but it never could be untlerit:ll
that this engagement should be construed literally. lie
satisfied that injus ice was worked every day that Mr. Peel]
IFIIII asellosed in operation. Besides, the pledge in questllAPl
was two•fold; for it was ea meets to the debtor as twilit
creditor; it could not possibly be perforated literally, with
faith to both parties. It was said that the landholder had rte
eelved great benefit deriag the war ; but this statement could
not bear upon the question unless it was contended that the
intertstof the landlord was opposed to that of the fundholder.
list he (the Marquess) repeated that inquiry was all that
was sidled, In order tkat both parties might be made to feel
thepessure alike. He was prepared, however, to contend
that th:: landholder was a sufferer during the Otr ; the de-
preciation, whilett Mated. was total, and materially affected
the landholder, He could not deny that injustice would be
Jane by an interforetweat the present day, with Mr. Peel's
• bat he believed that few contracts bad been made
s nee thin period without some regard to a doubt of the
prinaiille of that -Bill being retarded.—(Hear, hear.)—
lint. all tampering w ittithe currency was lejustict, and it was
the business of Government to make it fall as equally as pos-
sible. In the year ISI I, Mr. 11. Thornton (he believed an
orthodox authority) had question the right generally, to in-
terfere with Cie currency, because the right once admitted,
Itw temptation to exercise it would often be Irresistible,
and whenexercised, would be always misottievoua. The
present gonadal raised two points ; the nest was, the re-
' 'mignon of preperty, which was now working; the second
referred' to oar foreign relations. As to the first, there
could be no doubt that if the old aristocracy were to be de-
stroyed, its place would be supplied, and the land would
be tilted as heretofore; and it was not for him to say
Mat the change would not he of adventage. Yet he believed
HOC. tiendemen would not p in the present system,
because it would destroy the aristocracy. The Noble
Lord read a document to prove tan country Gentle-
men were under a delusion in supposing that the price
et
'wheat had decreased in the progroes of the different
• warm Prom doernmants which the Noble Lord read, it
appeared that wheat had risen after every peace at the
rate of five per cent. The country was not in a condi-
tion to go to war, they were crippled by the debt_ A
financial convohdorr. would be a matter of certainty,,if
ever the country engaged in an extensive war. The
landholder was against a war, because lie knew in a
state of national bankrnptcy he must suffer, and bees.
tinguished. Ministers could not:routines high tone with
teepees to war, well knowing that th • state of the Code-
try might raise the question of the National Debt. If
the new standard of valve was to remain, he was eon
iinced that war could not be taken upon a large scale.
Whilst there was no danger of war they had an oppor
tonity of considering the subject. Here he could net
avoid observing that the unprincipled attack es Spain
could not have taken place had England said no. Of
the wick-dness of the French Government no man could
doubt, hot as to the effectual resistance against that
wickedness there was doubt. If the Government of
France established a new state of things in Spain, it
would be an union of the two branches-of the Bourbon
fatuity, and they would do what they thought proper.
The Jrspoti ni of Spain would remain. The Bourbon.
of Spain would cotinnit the most oppressive acts, and the
Spaniards could not resist, whilst the French Bourbons
were ready to second the rule of Ferdinand. Tie Minis-
ters of this ticvernment were bound to talk largely of
going to war; but to say that war could be carried oa
without injury to the Fundliolder was ridiculous. Ile
might, however, say, to use a sporting expression, that
Dliristers, considering the sorry jade they had to ride,
bad rode skilfully. '1 he Hon. Member for Portarlington
Lad said, the balance of losses was against the ford-
' bolder; he, however, strongly suepectetthe balance was
against the landholder. With regard to a remedy for
Os evil, lie thought an equitable arrangement of coo,
beets would be of advantage. Another reitonly was
lowering the standard between the rate at the lowest
deprecation, and when there was no depreciation at all ;
the other remedy was issuing bills as in Kiug
time; and altering the standard from geld to silver.
Tim last remedy had the countenance of a great States-
Imo io the other branch of the Legislature. That No-
ble Lnrd was known to be an advocate for a standard of
ilia hope was, that laedbolders would not coo.
motto a. measure li‘e that antler discussion, which 111111
to sweep theta to beggary. Ministers should, at hook
give that class credit for a kennioe love of wintry.
Mr. RICARDO explained.
Mr. A.. BARING mid he wee ansiose to say a fete
Wools is Artier to reconcile the vote he should we this
with hie vote on the save subject on a former oh
ado, It wasimpossible to say, title. years ago, that te
Wet net a proper time to change the currency, but ail
Met allow it was a qoestion• of time. The Itioastarahlo
Merithee for Essex bad done witch good by agitadwr the
isle. He ddered with both parti ion thhr ealijese.
When the lial!iou Cousemitteo snag' their tepee). he'
Iliterti with the Chairmatt as to the evil, hat Ise &Wined
with respect to the remedy. Iu the full tide of was it Was
elleord tit talk of comiag at once to Beak Paysandu. la
Propectioo to the intricacies of the quratioo, every this-
*um who rote or spoke 1111 the subject, became °hitt-
*Mein hit owe "igloos. Nano, however, polatenietall the
moody. If nothing could he doe., whoa roe, it was
hiked, would it be to poiot out that promos had has
injured by past contracts? He. should aaswee, that it
would be awful to elicit troth., and hold laid meek% as
It were, for posterity. He had often tbollebt It *Vold be
enact of jastite to posterity to erase all dela/loos op the
'abject which appeared on their Jourinduw lap writ
Zags of the Hou. Member fur PortarlinftenAmeld he
read I y p)sterify, it would appear thilit.Arest
had bee* greolised on the country. rair phlogrx.
joie( Into isComosittro because po paaitina

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