Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-07-24

months had been under the necessity of restraining the crcu-
aon There was vice in the standard impera'ivey de-
Mr. scholefeid said words, but quite inaudibe in
the gallery.
Sir g. Sinclair said he thought circumstances would JUSTLY
he hon member for Bmngham IN bringing Tue saDee. ,G
d interference on the part OF the house, and In few months
Mr. g. F. Young hoped the honorable member Birmng
ham would not press his amendment to division. Clear
Mr. r. Atwood said tina, thought he should have other
mole -, Of q bringing the subject forward.
An hon member SAIL ihe tenn AIRY emp a which
issue OF credit evils which would correct themselves
Sir Rae Reid uhe Governor the Bank said his convc
ton was that the present unfortunate State OF at
airs was only passing cloud and that the difficulties now ex-
sng would shortly be removed. tliear)
Mr. d. W Harvey participated in the Inconvenience OF the
situation in which the house placed by the amendment OF
the hon. member for Brmnghan those mbers who were
would open cenure who voted without
pressing their opinions nigh, be liable
Early in the session had been moved for inquire
into the joint stock bank aud the commerca ana uaane IN
teresls of tho country. The hon. member for Mddeex had
moved as an amendment that the committee inquire ,o me
conduct and transactions Of The Bank % w
70 those subjects Government had deemed sN 70 resist
thought Justly exposed TO censnre uIear hear hear II
might be well to inquire how far The conduct Of M bank had
nor OF the bank hal designated passing cloud" ea
hear How far might he passns cloud 70 oss w ,o
thousands and o thousands who had been thrown out
If which hev Knew Ie-fbear hear besrl-hew FAR il mic
merit the summer poccal description OF s honorable baro
at least matter OF doubt Hear heart One GOOD
effect however, of the present OF numerical affair
would be, that the public attention w-uld be direct 10 IN
those cnamous embarrasents which too frequent
ly occurred IN this country (iiear hear) whether wa
proper that the Bank Of Ensland should possess mighty pow
controlling the fortunes and destroying the prospects
man, question which mperatiyely demanded in
quy the and the house would be aeglectn:
their duty il they did speedily Institute that inquiry Hear
he2r) AT the time he state that ia scarcely
the propositions which had been laid down BY the hsn mem
her for Brmng ham did he &" Hear, hear" an,
laugher) In particular, he would that he aivo
for good, solid metallic currencyhesr, hear, hear
but that could not exist with debt created IN utcar
hear We must either have more money or hes debt iear
bear) II duty try the experiment ot one other
those alternatives One unwhoesome and leads destruc
tion the other though painful process Is the only one
/ which security will BE- found Hear hear)
Mr. Forster said that fe warning voice OF the Chancellor
of Excheque last session. had seen attended TO- those
| lanites would not have occurred.
Mr. OConne said the declaration OF the hon
the bank that the present state II embarrassment only
passing cloud" challenge for inquiry Hear hear
would be consoatory the public TO be satisfied Of The ru
of that declaration which all the facts before tLcm e'
them distrust UIcar, hearl A. the amendment wou
preclude the Irish Pooriaw Bill he MR. UConneD wou'
4 vote against il.
The house divided, and there appeared
For the original motion, 81
For the amendment -