The enquirer. [volume] (Richmond, Va.) 1804-1815, 1811-10-01
ne ..iikely to do mischief" he de,ermin

pose Of check mating his noble colleague.
Some new clauses were afterwards woven
into this biil--and in this shape it is the
very bill which has passed both Houses OF
Parliament.
In its original shape, it went no further
than to render it illegal to receive gold
coin for m ore than its mint value, or To re
ceive bank notes for less than The amount
expressed in them"--ihat is. to prevent
00neas, HalfG uneas and Seven Shilling
pieces from being taken for more than els.
Ats. 5 d. and Is. respectively, and bank
notes from being takentor less than the sums
, expressed in them. This clause, howe
YER, does not !" obage any man to take
Bank notes (; it only says, (regarding the IN
fate distress and embarrassment Of the
holder. if il did not say SOY if you do take
Bank-notes, you mast take them at thtlc
professed value, and YOU must take Gui-
meas at no more."-C Belts Weekly Nee
tsenger.
/. A clause was subsequently added, intend-
ed to hit my Lord Kng more directly in
Che teeth. He had taken care to hint To
BIS tenants, that :" a power of re-entry aud
ejectment is reserved by deed in case of
non payment of rent due But. this clause
deprives the landlord of the right to the
Summary process by distress for rent, tgher-
ever the tepaut shall tender his rent in Bank
notes; and declares that this tender shall
be an acquittal in an action of ejectment for
non payment of rcnt..---So far. therefore,
tais bill does operate to make Bankno,es
EsegaL fendeT---but, no farther.
The Earl OF Liverpool suggested. that
from custom prevailing in ireland, pre-
vious to the restrictions on the Bank, there
was difference between money and paper
prices. might therefore, occasion Con
Siderable Inconvenience. if this DILL were
extended to Ireland AT his suggestion. an
Traditional clause was adopted 20 prevent
this extension.
4, A motion of the Marquis of Lansdowne
% restrict the issue of Bank paper to the
amount in circulation, al the period of the
passing OF the bill, was secuted out of the
House.
/, This Bill did not pass. through either
HOUSE of Parliament without consider
s5ble strugg'e-snd in the House of Peers,
the following protest was registered against
DIE MARTIS, 81 JULY 1911.
OiSsentieut
Y Because we think it the duty OF this
Eouse TO mark in the first instance, with the
most decided Reproduction, Bill, which, in
OAR Judgment. manitesSly leads to the in
sroducucn of laws, imposing upon the coun
try the compulsory Circuit alton of Paper
&urrency : measure franght with iDjus
flce, destructive ofall confidence in the lie
Gal security OF contracts, and as invariable
experience has shown, necessarily produc
i've of the most fatal Csiamties.
<SrenDiHe, EeSer, JerSey Grey
shGnSdo7vue. Coszter. King, Ldadsrdctc
s; For the reason assigned ON the other side,
and because the repeal OF the law for sts
pending Bank Payments in Cash is in my
Judgment the only measure which can cure
the inConveniencies already felt, and avert
The yet greater caiamities which are i'm.
aendiug from the present state Of the cir
citation Of the country.
... vASSALL HOLLAND.
Z Besides, they might have added hat dis
Act will be almost wholly unavailing for
che very object 1t has IN view II never
Ean put paper and specie on Tar. if the
state OF the circulation forbids it. IHgenui-
~ will readily contrive means for eyadlng
law, where ioterest supplies the incen-
1--we. individuals are not obliged to Eaee
the paper ;>nOr will they, bur where it is
their interest to do it. In making of con
tracts sr adjusting che price OF any articles,
parties will take care to understand the
abrt of money in which payment is to be
Wade---the price will be so much in spe-
Cha paper, so much more. Thus they viii
f1ade the provisions of the Act of Par
liament.--Nor will this bill "put the in
Docent possessor Of Bank notes who has ia.
ken them as the price Of his goods. or of
his bodily labour on level with the guinea
foarder" Mr.. Bell is mistaken he who
iFas paper only, will still have to give more
of it for food and raimenr, than he who has
cash The law, in its present state, does
not force the man, who deals in corn or ii
zen, to ask the same price in paper as in
specie. To what lengths it may hereafter
s2tend, I donottake upon me to say tho
! am almost sure that the Protesters are
Eight i'll their predictions.
I he clause about rents will certainly not
Stick where it is.-There are other hard
Gases, besides that of Inc distressed teoaDt;
4 and every unfortunate debtor will hence.
forth, DO taught TO fly to the Legislature for
Ymiar relief Already we see Bells
Weekly Messenger, (Which is in general
q paper OF considerable ability,) enquire
whether there " ought not to be a clause,
that tender of bank notes shall prevent
man, who is indebted on a judgment, from
being taken in execution"
OO@ Since writing the above, we have
seen the Statute itself in the american
printsIs-il will be given in our next.
-
From the London Morning Chronicle
Of July II
1t is not to be wondered al, that Minis.
fsrs should have taken up and supported
the bill for PAPER tssues, as it is only BY his
system that we can perseyere in unlimited