Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1819-07-09

'eTe. Dut the ureautul difficulties IN
which the country is placed, aud its III
Ter inability TO sustain war, were unan-
swered and unanswerable by the noble
lord.
This is trrlya subject Of fearful con-
temptation. We have, al least. one source
OF hope and encouragement The gen.
f!emcn on both sides Of the House have
That Roman patriotism which does not
despair OF the common we3l. The officers
Of state are besiesed and defended most
vigorously.
The debate was kept mp 70 a very Iaie
hour, and The motion rejected, on 4 diyi.
sion, by a majority of 357 TO I7s.
THE BANK.
LONDON, May O--'rhe following ARE
ofhc'ai copies OF the resolutions laid ON
the iabtes of the houses of lords and com
mons, by the earl OF Harrowby and PrH.
ana whicii II Is the intention of those in
diViduais, respectively, 10 propose for the
of whatever practical measures NAV be
recommended.
HOUsE,OF LORDS.
That II is expedieiii further 10 coniinre
Inc restriction upon cash payments by
the bank tor time 10 be limited. i'm SUCH
manner and on such conditions AS shalt
DC provided by parliament, win, a view
to insure It's tinal Termination AT Sa perf-
ud so TO be fixed.
That previously 10 the rcsnmn,ion NJ
| cash payments by the hank, i, is exne,i;.
eni HAT The bank should be required. n; ;,
time TO he Fixed by parliament. TO piye
IN exchange for IFS noies, gold dniv as.
saved anu stamped at his niaiesiv's mint
uf demanded 10 an amount no, less than
numberot ounces TO be liniied) vai,--
ing 'he same in such exchange at a price
not exceeding four pounds one shilling.
| per ounce.
That AT the expiration Of further re-
ROD, 10 be also fixed by parliament. The
bank should be required 10 give i'm ex-
change Tor It's notes, gold so assaved and
stamped at demanded 10 All amount NOT
less ihan certain number of ounces 10
ne iiiDlIedC valuing the same IN such ex-
change AT the mini price.
mat al some time between the two re-
RODS above mentioned, the bank should
De required to give in exchange for its
notes, gold so assayed and stamped. W.
iHing Tie same al a price between four
pounis one shilling and the mint price
}and that after the price AT which gold
shail he valued In such exchanges sha.,
| nave been lowered, il shall not again be
raised. p'
That after The period shall lave arrived
| al which the bank shalt be required IN
give gold in exchange for its notes a. ;t,e
mint price, further period TO h.. fixed
by parliament should he allowed and p
certain notice given, before the bank sh,l,
| DE required To pay It's notes i'm cash.
| i NAT IT Is expedient that all laws
which prohibit the melting or expor,a-
| tion OF The gold or silver coin of the realm.
ana The expectation of gold or silver bnI-
lion made of such coin, should be re-
pealed.
HOUSE OF COMMONS.
That ii IL expedient TO continue The
restriction on payments in cash by The
bank OF England, beyond the time fo
which IT is al present limited nv law.
| mat II is expedient that a definite me-
riod should be fixed for The termination
OF me restriction on cash payments and
,hd' preparatory measures sbonld be ia
ken, with view 10 facilitate ami ensure
on the arrival of that period, the paymeni
ct the promissory notes of The bank IF
Ing land IN the legal coin of the realm.
That IN order TO give to the bank a
greater control over the issues of Their
notes Than they at present possess, pro-
VISION ought TO be maae, for the gradual
repayment to the bank OF the sum of len
miilions; being part Of the sum due IN
The bank. on account Of advances made
by them for The public service. and IN
account OF tlepurchase of excbenuer Hills
under the authority of acts of the leeia.
lature.
Ihatit is expedient TO provide. by law
,hat from the LIST February, 1920. the
bank shall be liable 10 deliver. on dc.
maud. gold of standard fineness. havino
been assayed and stamped at his mairs,
| Tvs mint, quantity of not less than go
ounces being required in exchange for
sacn an amount of notes of the bank as
shali be equal TO the value Of the gold
SO required, at the rate of f Is. per
| ounce. ~
That from the lst October. 1920 Tho
Bank shall be liable 10 deliver. on demand
| gold of standard fnencss, assaved and
stamped as before mentioned, a unapIitv
OF not less than sixty ounces being re-
CURED III exchange for such AN amour; OF
hotes as shall be equal 10 HE value OF the
goid so required, al the rate OF f 8 fgs Cd
per ounce.
That from The lst MAY. 1921 the
Bank shall be liable 10 deliver. on de,nan,t
gold of standard tneness, asssyed aui
stamped as before menlIDued. duanI,tv
OF not less than sixty ounces being re-.
CURED IN exchange for such an amouut
OF notes as shall be equal IN value 10 tIe
gold so required, al The rate of So us 1914
per ounce,
That the bank may. al any period he
tween The Ist Feb. 1890, and Tie Isl Nav.
1921, undertake TO deliver gold of standard
fIneness, assayed and stamped as before
mentioned, at any rate between the sum
oi + q is per ounce, and & 3 us lOld
per ounce t; but that such intermediate
rave having been once fixed by the Bank,
creased 'J 80