The enquirer. [volume] (Richmond, Va.) 1804-1815, 1811-09-24
{ Vok. 8.--------.No. 40.

c'es to show. thar no perempiory conviction
was to be entertained upon such subjec,s :
and his right hon. friend had laid claim to
having laid the foundation of those fnancis
al resolutions, which had afterwards been
taken up by himself (Mr. Tie rney) and
Earl Grey and Lord Lauderdale. The
resolutions of his right honorable friend how-
ever, were not such as those which had
been ate, wards brought forward His pro.
pheciss, however had failed on the occa-
sion to which he was abiding. The ques-
ton was as 70 the amount of the peace-es-
adjustment the country could bear; .whe-
ther seventeen millions. az his right honor
able friend contended, or fifteen millions
and an half, as Mr.. Pit assersed wouid h.
sufficient. The first year there was .,,r.
plus of a million still his right honorable
friend was not convinced. A growing sor-.
Plus was still produced every year, till 1872,
| which was allowed on all hands to be Inc
peIicd OF the greatest financial difficulty:
stu his right honorable friend, though ell.
Ing in all his successive. prophecies, main.
tanned to the last. with an ability and force
which excited his admiration, as every thing
that came from his TT. honorable friend ne
yer tailed to d., that he was right. He
was not little surprised, then, that the O.
pinion OF his right hon, friend had under
| gone Change, no doubt. from m tives.
Which wee sat, stactory - us own mind.
He would ask whether this was the peri.
Cd to say, that the country was in a state of
unexamPled prosperity, when the trade of
the country was at stand, and the reye-
nue. was actually tailipgl
| The produce of the consolidated fund for
the last quarter wasless thar in the Cores
ponding quarter of the last year, and in
the three last quarters 100000. less
IN the three preceding quarters. There
was Gay. when his right hon. friend. aware
OF mat circumstance would not say, hat
the country was in a state Of unexampi ed
prosperity. 1t as agreed that luxuries
mad increased. But that was owing TO an
unnatural Cause lie had tko't that his light
hon friend would have fought with him a.
gaint the bank, OF which he had now become
the advocate. He remembered when the
bank stated its readiness to pay in cash,
that his right hon. friend commended tina, they
mad never any serious intention of doins.
so, as they Knew, " that Brsg was a good
dog, Sut Hold fast was better" He knew
was thought o! him that hs was rather
harsh towards the bank. The duly OF the
oank was TO watch aver the public credit;
but The moment Shey intertered with uea-
SurtS 81 g. vei nn.ont or extended their Care
to puohC prosperity, tney violated their duty.
lie had never said thai the bark shoujd
return to cash payments now and had even
Soleu against The resolution that they should
10 So at the end G! years He wished I'll.
EUuse had Come to resolution thar
int restrictions should Commune during the
pubic Necessity. but that tie bank Should
ACT as II no restriction had taken place -
lie dlc hot suspect the bank directors Of be-
ing corrupt, or actuated by any but honest
motives; but h. believed the, hau an ,t c,i-
nation TO something that d not b. .ne
20 them, because they mac net Official A.
Ken thls measure lnto cCnsit'erar,t -
by TINS coDducl .they had brought them.
serves INTO a situation, to say tie least II.
which do them no credit There vas
something abhorrent in the dea OF making
Compulsory paper d iegsi tender anu 5as
PEI 100 not belonging 20 The govern,nen. X
lie :sreed that here wire no grounds Tor
desP .ir---Hc looked upon the r. source of
the con6try, by proper measures drawn,
Ut, as suffcIent 10 reiieve the pubic rn.
barrassmsnts but these resources cuuI6
not b. drawn out without considerable orr
va IONS he had no apprehension while he
heaft and core 0f public credit was srnnd.
ana therefore he was afraid OF this hi, -
IL was the most FOOLISH, silly and waste.
iui piece or paper he had ever known give
rise TO SO much discussion IN Parliament
Butt was not the bill bnt the enunciauon &c
the measures 1t was 10 lead to- that pave
rise TO the discussion. He admitted he wac
Pa'i} Hdh, ouI hS was sure his right ho.
noraoie trend wOuld allow that he dtd NOR
OPT" TINS measere as party man The
cause OF distress he shoun agree to i ma
DISTINCT bill, lhe other ;wo clauses he co,,ld
not agree 10 ; he first was nugatory nh,tst
ireland was up u as a market for gli,eas.
ana the other was uBJus., if 1t wound in
ne event OF farther depreciation. ura-
vent persons from taking advantage Of an O.
provisions OF the ,aw to protect their pro-
perry bank notes were o be made : 10.
gal tende,, that ought to he cone al o1c.
1t there was no depreciation there .
tendency at least, 10 prefer guneas C. b II
notes. He would have agreed to any N
curry Into the causes Which have brid, he
the country mo IS present situation. " 1eo
! IL was stated that any change OF tins present
system Womb fender Us unable TO conu,us
hour eXerGCna TN the prosecution of the war
IN when we we're engaged, he sbDuid SO.
(hal, as much IS any man, he " Iahed sri
cess 10 The glorious Cause IN which - n
and Portugal were struggling BAT d, q
prosecutions OF our efforts were 10 end a,
puohc credit here, much as he shn,dd -
| neot that the affairs OF the Peninsula Ia ,I,
be leit ia disastei Gus situation. hi, FIR 80
~ was due 70 England. The I'reas,te, IS
the Navy had said that Bonaparte wac ~
war with our finances, and therefor, -bis
| bill should be passed but nothing IA
more elate the hopes OF Bunapsrfe ,ban
such measure asthis u any ION roo.
. H..