The Statesman.
London, England, 1818-03-05 00:00:00

Isis
.Hon. Friend (Mr. Flew
ma;ion from the Order
.T! ,Cli AIticELPD
p 147 Obi Gov
rail. -Vole-officer; •
I Mr. BROUGHAM
iu depending open the

out, if that was erroneous,
-men at the table the justir
first time he hod known'
Mr. GRENFELL
' Learned Friend in bellec
f Toon were not-much Ai; peard. to obey the
of the House. He cupid not but congratulate the
country, on the declaration of the Chancellor of the
Exchequer, that it was never grin, lu time of peace,
to be ellicted with thot odlNe mesoure, the Incotise
Tim—Peer, hear!]' • '‘,
Mr:CALVERT complained, that much inennve-
nience hall been suffered from the severity with which
f. the Assessed Tases were lesied ; and stated, that the
assessors for 'Twickenham 'and Isleworth had' Stied
"the rats, without, haring made a previous survey.
Stranger, wereordered to withdraw, when
Mr. BROUGHAM again rose, and expressed his
astenisbnient at having his motion treated in this way,
tther what had passed, which he. must then state in
bit oattn_defence.--[//ear,itearq—Otte of the Right
Hnh. tinder'Secretarits of State had asked him wl et!.
was the natvie of his motion ? Upon' which he gave
it into his hand, and he took it across the. Howe to
the Chancellor of tbskEitchequer. He shortly came
back, without stetieg, that if the Committee were sot
moved to be appointetllhat eicht,thercoteeld be no
ejection to the first motion. • (Mr. B ) had ton-
sequently told his Meads, who asked him if he
should take the sense of the HOuse on his motion,
that it would not occupy five minutes, as no opposi-
tion was intended; be had therefore been the inno.
cent cause of many Members leaving the House, who
would have spoken on the question, had they known
that it would be debated.—(Hear, hear!]—Under
these circemstances, be must move to postpone the
debate to some future day.
M r. GREN explained.

LAMBION hoped some eeplanation would
begiven of what be conceived to be very extraordi-
nary Conduct.
The CHANCELLOR of the EXCHEQUER
said, be could have no objection to the adjournment
of the question ; but he was bound to state the rea-
sons of his present conduct. Ile had said, that if
the Learned Gentleman would postpone the naming
of the Committee till they could amiably settle that
point between them, he should' hove ne objection to
the motion ; bet as the Learned Gentleman had not
expressed his acquiscence in that arrangement, be
considered the treaty between them at en end.—
(A laugh.) •
Mr. BROUGHAM ?tidied, that he received the
Right Hon. Gentleman's Ambassador very kindly—
(A laugh}—and treated him, as he thought, with
the greatest candour. The principle of the measure
was not objected to evidently, and he thought it
strange that it should be opposed on account of a
minor consideration.
Mr. LA M TON Bold, that he L. 4 . right to ag.
some, from what had passed, that the Chancellor of
the Eacliequer was willing to agree to the motion,
till he found that the Committee which his Hon. and
Learned Friend intended to name, would carry a
majority against him.--01coe, heart end a laugh.)
The debate was then adjoerned to Tuesday.

itEroßm.
Mr. Alderman WOOD said that he had a Petition
to present from Leeds,.deprecating any Indemnity
Act, and praying for Reform. This Petition, he
felt it his duty to the House to atife, contained some
eaptessions of a peculiar character: bet ail's under-
stood that other Petitions containing'similavi expres-
sions were received by the House, that whiclrhe held.
in his hand would not probably be objected
Still he thought it right to state the expressible, to
which he namely, that the system by which
that House was constructed being the bane of the
State, the only antidote was a Reform, according to
the principles of Anneal Parliaments and Universal
Suffrage, upon the adoption of which it then would
be an Honourable House. This Petition also prayed
for the impeachment of the Ministers by whom the
Suspension of the Habeas Corpus Act was proposed,
and the powers created by that suspension so grossly,
abused, adding, that unless Reform were acceded
to, the Petitioners would not be able to pay the in-
ordinate tales to which they were subjected.
The Petition was received, and ordered to lie on
the table, as was a Petition to the same effect from
G. Edmond', the Chairman (as the Petition stated) of
a Meeting couvisting of '20,000 persons, at Birming-
ham. The latter Petition prayed the House to take
its stand bet wean a despotic Ministry anti an enslaved
People.—Both these Petitions were ordered to be
printed.
Lord ALTIIORPE wished tn know when the
Noble Lord (Palmerston) intended to As in's! tAe.
Committee on the Mutiny Bill. T •
Lord PALMERSTON replied, to-mortises. .
Lord A unioapE then gave notice that he Avoid
take the opportunity of the commitment, to move a
reduction in the army, of 5000 men.
Sir M. W. RIDLEY presented iwo Petitions from
Newcastle, in favour of Reform.—Laid on the table.

THE HANK.
Lord A. HAMILTON rose to bring forward his
promised motion upon the subject of the Batik. At
a time, he observed, *hen it war evidently intended
to continue still farther the restriction of cash pay-
ments by the Bank, it was, in his opinion, the duty
of the House to tool; to the condeet of that ego.
blishment with peculiar care, as well as to the pro-
ceedings of the Minister, who was so intimately con-
nected with it. With a view to understand the con-
duct of the Bank, he felt it necessary to move for
Copies of the Notices issued by it for the payment of
certain of its Notes in Cash within the last year. A.
pretty general impression prevailed, that those No.
tices were issued merely for the purpose of delusion,
and to induce a belief that the Bauk was in possession
of the means, and was in the progress of preparing
to resume( its payments in cash. It was therefore doe
to the character of the Bank, as well as to the satia.
faction of the coantry, to eaplain the motive. and end
of those Notices. It was now clear that there was
no intention of resuming cash payments. A plea was
advanced for posyogiog that desirable measure)

^. • ~

.._ _~ _~

point, and

intettal or
. further postponemsank of cash pa)ments. : As to
the benefit to Governottetio by the piament systetm with
the Batik, would the Right Hon. Gentleman sky that
the plan of Exchequer Bills last year had not hens-
'fitted his views, and the Bank advances also? Let the
House look closely at this asettdr, elitism -how the
account stood. 'I he Batik admits** to' Governinent
np to the sth lineery was 18,000,0001. 'Their is.
sues in- the same' period 29,000-,0001.; of these the
private discount! could _not, from -the high rate of
interest charged in proportion to other means of
raising money, have amounted to more than from
1,500,0001. to 2,000,0001. This state of things
could got continue, and cash payments be resumed.
It was, therefore, with a view to ascertain etiether
the issues still accumulated that he called for Os sei
errant, of the last month; if,. on their appeosued
the same increase should be forrini,ls onaht ow, re,
(visits for him to watch she eetidoct •olf the naught
the month to come and if then the 'tame syslted
should continue, it would' be clear that the plea tg
resume. cash. payments was nothing else than a merg
juggle between the Chancellor of the Escketeir
and the Bank.—[Hear:]—.The Bank Directors
should know that their Charter was Om not flay:
Lively for their own private emolument, or to shoal;
their subserviency to Government but to keep the.
metallic ceerency of the country in a wholesome
;state. Whether the present play led to the towel-
' Med speculations Its the funds /Pet forth in the daily
papers, he could not say, but it was quite elect. that
ie& speculatiorts cool.l not be stopped unless some
desisive step were taken. He hoped that hikamthsa
Mould nut, oily .bei carried, but that sOme,4ol the
Bank Directors would state why. they had not fi►
strictest their issue for the last Id or 18 Tooth.; it
they refused to do this, and shattered themselies, le •
they often did, in sileoc., solely depending on OM
majorities of the Chancellor of the Exchequer; why
then they must not complain, if people., who looked
at these subjects, formed their own opinion on the
motives of the parties engaged in these granulates),
and on the consequences likely to result from them..
—[fkcsi-.]—The Right Hon. Gentleman then moved,
that the account of outstanding Benk.noles and,Post.
bills should be continued, to include the hoes from
the 3d Fehtuary to the 3,1 March.
The CHANCELLOR of the EXCHEQUER
though he had no objection to the motion, could
not accede to the proposition, that a reduction in dip
issues of the Bank, in the, manner suggested, would
have the beneficial effect he contemplated. On this
point he would refer to the'esitlence of Mr. Pearson
before the Cominittee, which had this subject melee
consideration.
Mr. MANNING, on the part of the Bank Cot-
minion, disclaimed any desire to withhold informs.
Hors on any part of their public businesi. The Di-
recrws had nothing to cloak or conceal under the
shelter of the Chancellor of the Exchequer, 'end they
were ready to justly the whole of their conduct in
plain and 'unequivocal manner. The Right Ibm.
Gentleman 'had intimated that the Batik increased
its issues -largely after the close of list Session. It
would here been candid to have said that the ply.
*tient of the current interest on the 3 per CenvCon.
sous, which became due in July, moan after Pistils•
anent had adjourned, gave that appeerance of in. ,
creased issue on which so Much stress had been
laid.—(fieur !)
Mr. GRENFELL admitted there was en increase
at the particular period, from the circumstance el.
luded to; but then his Right Honourable Friend bad
not confined his remarks on the increased circulation
to the mere issue of one month—(llear, hear !)
on the contrary, he had taken en average of leveret
months, from the first•period of the accounts up to the
the latest. and said, that the increase wee between
two and three millions. lie (Mr. G'renfelt)
go further, arid say, that it bore beyond this propor-
tion, in comparison with 'any preceding year since
the stoppage of cash payments-in 1797. On the sub-
ject of stock jobbing sibieulatione, it may not be in
the power of the Right Hon. Gentleman to prevent
them ; but his sys:eut.had certainly a tendency to en-
courage them—is had, in fact, created every sort of
gambling speculation to a greater extent than was
previously known. The uncertainty as to the re-
sumption of cash payments, was the great sooty of
all these transactions. . With a view to pet an end
to them, he would put it to the Chancellor of the
Eze'kequiPts as a metal men, to declare openly and
ontline of his financial intentions, which
would have the effect of suppressing. this rpecelative
spirit. Does he mean to fund Exchequer Bins, or
not # if he hsd'decided, what nbjectiun cosid be
nave to state that decision ?
The CHANCELLOR of the EXCHEQUER,
in reply, warmly challenged enZ person to prose
that kilter he, or apy person, in his confidence, had
indicated soy financial init.:dints which could hare
the effect of countenancing or encouraging any of
these reprehensible speculations. Ile had no die.
closure to make, and he a ould lesee it, to
,the Hon.
Gentleman to determine on the propriety of his, at
thit moment. communicating Wormed's'. of a prensa-
tore sod unprepared stature.
Mr. TIERNEY was sorry to see the Right Hon.
Gentleman lose his placid and usually serene temper
on this sohject.—(4l laugh.)—lle repeated his tore
mer observations on the necessity of the Bank tablet
some decisive. steps relative to their affairs. He spoke
new in friendly confidence to the Directory, bet in
the ensuing month,, if they persevered in their pre-
sent career, he must necessarily call for an enquiry
(and be now gave notice of suck his intleotior)ie
open hostility to their proceedings, and cell on the
House to mark their sense of them by a specific Re-
:olatinn.
General THORNTON hoped the Bank weld
take proper pains to make their' notes, so as to tea-
der the forgeries of greater dilficalsy than they noll
Were.
The motion of Mr. TlER:lElrib* lieu ag• siti to.
• PENNON-8..-
0n the, motion of, Mr. frOaDES, Acceent, gets
ordered of the amoeot of "Peniloni'peid to wellmied
Officers in the Navy, distinguishiug -the rsuk Ike/
held in the Navy when the vroundt'were received,
cud their present tank) together teijkAbll WV° I
the cases.-
The other Orders of the Dsy Were than rends and.
the House adjourned.

•
THE Sr .A Tir,sm
•
Bennett), he had got Ms iitfer- negociatione lO yowl
Bork nu 1b tabte t at -tl4. 4'. beiiefed 1 Juelll-oEnce.
OR ef the 'llf7eCiftQ Way! irrire that there was 1 great deal Of c
Itlfeleo *Peg kill 1040 saes tins etraotry about tans efrale ago,
. now tittle Was' tit" fetind in.i
maintained that he was right culaf notwithstanding the boasteg issue of c
authority of the Order Book; f " Bonk. tt;i'q ties" wee, however, he apr
Eras, he . west do the Gentle- .ittieid bet iiry, trilling ; and. that the country I
mice le say, that it was*, stotluch reason to rely upon. the professions or p
n them to bolo error. ore of either ,he Directors Of the Bank or
concurred with. his lion. and Cluliellgi Of the i'lliehequer, tilt to the probabilitj
ieritig, that the Commissioners therediosal of the Restriction on cash payments
ch di*Pt;seit to obey the 'orders Belt was for the Bank to show 'Whether any,

_14.3 A/ f
di point, and that, in fact, there was nothing IN •
It internal or external state of th* country 14v...require