Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-08-07

Mr; Hoshns-Did he demand shilling for being
called from the stand?
FOotman-He did, sir
Mr.. Hoskins, TO Counsellor Tom-Was vour plate
ON the coach at the time?
Counsellor Tonic be sure il was. nv lord:
trust me for that. But tell yeu vot your Worship,
I've very often had good deal Of trouble and bother
With the party, for I've sometimes took nm 40 Work
Terrace as many as SIX Of the family and nrter drop
ping three on EN- IN Montague street. and tohers IN
flower street street, Nd oeen able 70 gst mag
for summit more than the rale fare, he has onlv
laughed at me, and told me as how l ought to have
made the hobIectonat starting. Wy, it amt long AGO
since brought whole sack of taturs, besides twoor
three ladies' the vehicle, and then got nufiep ad-
dnional.
ApoLpHus rs. HoLmEs.-Mr. Hoskins here called
on for hearing a second summons, which had been
obtained al the instance of Mr. Adolphus against
Counsellor Tom, for refusing 10 carry his family to
his house in Cover street.
Miss Adolphus stated that on the night in question
the defendant objected to take the party, and that
owing 10 his refusal they got into another coach.
ne lootInan, on being examined said that the de-
PENDANT objected TO carry him and the ladies unless
ne had extra pay for so doing; he did not refuse to
convey the ladies only.
Counsellor Tom was declared by the magistrate to
have established his case, and the demand of one
shilling was ordered to be paid, together with all
costs; and the second summons was dismissed
Tom and his BROTHER Jarveys then left the office in
triumph.
s..
sovs. Stakes at Stockbridge.-30 to 20 on Mango
against Wisdom.-July Stakes, p. p Papanin snf-
fered decline Of half point and had no friends pres
sent nor did we hear any one offer 10 lake odds
about the Sisters to Messenger Glaucrs. and Cor
ban. Sister 10 Green Mantle was backed at IL 10 2
in the first instance, and afterwards at 6 TO : and n
few tens and scores were laid out upon the Oxygen
colt, MOrrela, Osprey and ColonePs Peel's ot . In,
the betting, on the whole, neither heavy nor inn
portanl. From the number Of horses in training.
ana me entire absence OF winners, large field is ex
pected.
HOUSE OF Commons JUNE 2S-Bius of Esedan~.
BH-Mr. GrOte moved that the house resolve itself
into committee on this bill.
Viscount Sandon said he was not himself CONNIE
tent to discuss the question involved in this bill but
he understood that involved great alteration ~ th
law of the land If So he thought ought not to he
brought forward in the absence of gentlemen on his
side Of the house who fully able to enter into the
merits of the subject.
The Chancellor Of the Exchequer said that the oh
ject of this bill which deeply interested the
commercial community, and the measure itself had
been much pressed by the commercial interest on the
government. The clause inserted in the bank char
ter, which legallsed the disconntng of bills not ex-
ceeding three months date at higher rate of in e.
rest than five per cent land to that extent repsalne
the usary laws) had been proved IN the recent crisis
to be extremely beneficial, and had completely estab-
lshed the soundness of the principle of the Bank of
England Charter act. ltwas well known that vast
proportion of the commercial transactions of this
country was not represented by bills of three months
was transacted through the medium of bills running
through the period of twelve months By the opera
ton OF the present law, the holders of such bills could
not get them Except at The ordinary rate
OF hve per cenD until nine months had expired. The
consequence was that means were taken 10 evode the
usury laws, by drawing four bills at three months
each, and getting them renewed from time 10 time
But this imposed very great expense on the Dor.
rover, without giving any advantage 10 the lender
Ii had heen suggested that the measure should onlv
extend the operation of the clause in the bank charter
10 bills of six months, but if that were to be the lmr
the measure would not embrace that class Of COM
mercal transactions which was the most important
Under these circumstances he hoped his noble friend
Lord Sandon, would not oppose the progress of the
BILL of which he (the Chancellor of the ExchequerI
,nougns woIa oe serious calamity to the trading
TO state that If his honorable friend the member for
London had not moved that the bill be committed he
himself should have felt il his dHty TO do So
Mr.. Wakcly felt convinced by the statement of the
Chancellor Of the Exchcqucr that this bill ought net
| To be passed during the present session. Ii was a
subject OF very great Importance the Importance of
which was not essened by the fact stated by the reht
honorable gentleman that the subject had been press
I'd on his attention by the whole Of the monied ints
rest The rich men, no doubt were anxious that the
bill should be passed into law. But what he (Mr
Wakely) wished to impress the house was the ne
cessity of previously ascerlaning what had been the
effect OF the experiment which they had already tired
by the measure that had abolished the usury laws as
| far regarded bulls Of exchange at three months
date. He was perfectly aware that the usury law,
were uDscund in principle, hear hear!l But al the
same time he wns bound to say that the whole struc
ture OF The monetary system in this country was art
| hclnl He had been told that the alteration of the
law, with regurd TO bills three months had been in
Jurioss to the trading classes of the community. He
could not therefore, conceive why mt the end of the
session, without investigation or discussion the 90
vernment should press such measure as this so has
tly through the house. The trading classes had not
petltioned for He had befn informed that as much
TO- IL and Ia per cent had been demanded for dis
counting bills which had only TWO months 10 run
He knew had been said. that unless that interest
were paid the parties wculd not have been able TO OBJ
tain any money ut all but might il not be replied
that those who knew they might legally receive SUI 4
| high rate of interest would combine 10 prevent
| lower rate being taken He was aware that there
were several bankers around him laughing Al his
statement, because they knew that they were securo
of majority; but he would nevertheless declare thai
this a II TO promote the monied interest ogainst
the interest Of the trading community Had not this
country, he would ask prospered under the old law7
daughter. AT all events, had the trading classes
called for its repeal He trusted therefore that the
house would not in common decency, allow the mea-
sure TO pass IN the present period Of the session.
! Mr. Hume was very sorry TO hear such opinions
fall from his honorable friend as those he had inst er
pressed; and particularly The curious argument he
had made use OF as to this country having prospered
under the old state Of the law II this really was an
argument weighing with his honorable friend, whv
did ne ever vote against the torics1 Why in fact,