Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1819-06-25
RICHMOND. UUNE o5

.
Payments. Ar6uthnOt s. Amb,isten.
Accounts by the Canton, from Londou.
are 10 the 1l,b May inclusive. No event
on the Continent of any interest unless
a roundabout unauthenticated rumour
from Paris of Bernadotta's (the Megitimatc
king of Sweden) being requested by the
emperor of Russia and the king of Prus-
STA 10 resign his crOwn.-Tbe proceed.
lngs OF Parliament are however peculiarly
interesting.
On The Sd May, Mr.. Grattan moved the
consideration of the Catholic Claims.
Strange TO tell, he was supported by MIR.
Croker, Secretary to the Board of Admi-
rally, who declared that he " had sat 81.
lent for ten years, during the repeated
discussions OF the question, but could IN
conscience do so no more 1.-THE motion
was lost by majority of tWo oniy-24l,
10 243-a sure prcsase, that the day of
Catholic emancipation is at hand.
The secret Committees of both houses
OF parliament have at length rcp0rted on
The Bank Restrictions. "1he two reports
are SAID TO have been progressively form
ed on mutual understanding between
the Two committees" They indeed sub
siantlaily agree III their view aud schemes.
The Report of MIR. Peel 10 The House OF
Commons is the one from which we
principally draw our statements, aide d
also by the abstract in the Liverpool Adj
veriiser of May 10, now lying before us.
The Report begins with arecapitulation
of the laws which imposed and have cou.
tiDued the restriction upon payments i'm
cash by the Bank of England. Ii repre-
SCENTS Inc affairs of the Bank in flourish
ing situation the engagements for which
IL was bound on the Goth January last
amounting TO f 80, 1894, $50 and The gov
eminent securities and other credits il
possessed amounting TO + 39, 096 900
leaving surplus in lis favoroi Is, 202 800,
exclusive of the permanent debt due from
the government of & 1869, 800, repaya.
BILE OF The expiration OF the charter. Ii
touches OH the variable quantIiiesof gold
IN ITS Golfers al various periods since
1907 tthe period Of The restriction y il
states That from July 1915 10 Oct. 1917,
there had been gradual increase of the
guar ity. from lie Bank having awaited
itself Oh the favorable state OF the tx ctange
with foreign countries Ia make consi,leTa
bic purchases OF gold. On the Banks en- =
gasIBg TO redeem It's notes issued prior to
the lst January 1872, aud LIST January
1916, &c. &c.--excIiauge too rising at the
same moment,it had TO pay out gold coin
to the sum of about sc, 756, 900 most of
which found IFS way TO the French miul
The Report then touches upon the amount
OF debt due by government 10 the Bank,
from advances tO the government princi-
pally for exchequer bills issued" and
"exc heqner bills purcbased:" on the 20 h
April last, these advances amounted To
SIS, 43S, 900.-The Bank earnestly begs
The repay meut Of ten millions Of this
debt, as preliminary to a return IL specie
payments II this he not done, fIet have
no other way To- reduce their issues TO the
necessary pOiui, than TO press their pri-
vale customers, and thus bring an ion
nlcusc distress upon iIe country. The
Report then examines a" the expcdieDcy
Of reverllng 10 cash payments, ~ the
period fixed by law for their resumption,
viz. 9Th Of July. This is pronounced
upon the most respectable testimony 90
be impossible, without great reduction OI
pspor issues, ard consequent great dis
iress of The agricultural aud commercial
interests.