Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1819-07-16
THE BANK or ENGLAND.

highly interesting debate arose IN
the British House of Lords, OH Tie resp
lniions proposed by the Earl OF HAIR
ROwBY, lie chairman of the Lords Sc
crei Commiitee, appointed io enquir" IN
10 The expectancy OF compelling the Bank
OF England 10 return 10 specie payments.
These resolutions were founded on the
views and principles embraced iii the
Committees Report.
The Bank has presented 4 paper 10 the
British, ministry, deprecaiung the conse-
quences TO the commercial, manufacture
ing aud agricultural interests OF the en-
pirc, If II should be compelled TO re-
lurI TO specie payments IN the mali-
ner proposed by The Committee, as il will
be compelled TO contract their issues
whilst The Country Banks will be under
The necessity, simultaneously, TO do The
same. lhe Ministers lent deaf ear 10
the remonSirauce OF The Bank, and even
look au opcnpart against II IN The debate.
The Earl OF Liverpool acknowledged that
with the did Ut the Bank, the country had
fought lis way out OF one of tho most pc
rllouS contests, IA which II had ever heen
engaged. Bnt n seems 10 Us that hi.
majesty government euicridinS no very
strong teeiing OF grall,ade Tor ITS OLD ally,
10 whicis II las been SD long married, but
which II appears now inclined Ia divorce
win very h!tle ceremony. What may
perhaps explain this aiiendt.d iepiing, Ii
liza, The Bank urges the payment of len
millions, out OF fourteen of the pernla-
nent drbi due 10 il by the government
Al any rate his majesty $ ministers are for
carrying the Recommendations of the
committee forthwith into effect. What
seems extraordinary, Is thai the Brlilsii
mIEisiry, which have been all along ghf-
my HE battle OF nOu-dcprecIallou on the
side OF Tie Bank and ITS friends, should
turn entirety round and become adyo-
Gales OF Tie opposite doctrine. The ,iO
lent partizans on both sides have charged
places. MeSsrs. Hunt, Wsoier, &c. who
nave been AL along the open enemies of
lie Bank ana toe restriction bill, now
conjend against The resumption of specie
aymenis, whilst those steady supporters
OF the powers thai be, the ministerial
! urnhiIsiS, as well as their masters, Insist
on the ijauk returning 10 cash pay ments.
The regular opposlllon,s,s, the Gre,s.
The Grenviiles, The Brou ,liasfls, and
lErneys, are steady aud consistent. -
They contended thai the restrictions bill
ought never 10 ha,epaSSed, and They now
coniend That II ought TO be as early as
possible repealed. The Earl OF Lauder
dale, On presenting pe!itIo4, signed by
nearly 900 London merchants, traders.
"nd "ank-rs, praying thai the rccommen-
cations of iie committee may nui be
| adopted. stale ihai the number OF sIgners
could have been greatly increased, II the
general meeting oi tiie mere hauls, bank
ers, u III the metropolis, HAD not been
| Disturbed an'l deprived OF lis full effect
| BY the Intrusion and medhIng of Nessrs.
Hunt, Woolter, and others of their party
[ChGrieStOH Patriot.
A ST. Jolrn's paper of The 18th ult. saws,
that Dr., aud other nee. AIRY Appa-
| rdl,iS are lust iiH,shed for the purpose OF
stamping lee Dollars at lhr Public Once,
WIN view 81 preventing the expectation
! OF the precious metal 10 the United States.
| Use device is G.. r. with Crown over. ''