The New York herald., 1866-07-24

our own country s concernef, are sapeuine . 49,.
that tho greatest OF caamtes whsch can cnaae. 10
na i,n-for looS a sta q ssf was as s,,,h % ~,
be experienced by us 10 or geoeration llear hearl
But there never W. ,me, far Us the national spirit
AMI -eaanrces concerned wnen Eng,and
-. - nsssunas s,.rsd and would bs more prcmpt %
nssn,an Asr honor and protect her interests. Cheerz
G.niIemen our geiatAAs eur allies sSAauGh
fhcy gsy not agree among themselves, were neosr
ssAe friendg y and confidential than at the pres
uht moment And therefore hope that, con
suited by ALL we may prove TO ba Of some advantage
when tha, pepa per- a Sary n wsr than H. Of ss ex
psrt-at winch congrsN may be called, and when
England though not oegercni, will not, am sure.
shrink the appeal made To her from taking her scat
In that sup cme caAucI lHaar, hear.l Gent lanen, II
our relations friendly with Europe they are aIso
am clai 10 say most cordial wlh the government of the
United stat II fTaear hear 1'aerc tpa, Think,
time ,ossn a.rc. sa ding erised btoea he ,uo 0r
er,nsptx ~ Fr1lrad and The Uaitd Stat than spis al
present. We have had memorable instance very
Gently of The good feeling OF that Power towards this
connfy in manner In which 1t has dealt with the
Fenian insnrrecon Ia America. (iicar.l But what
is more gratifying than that exhibition of
rood feeling Oh the part OF the United States 10 the
proof offered TO the world Of the reoi efficiency
enI p,rsr Of air .forhs Of government Never were
more prompt energetic, and efficient measures
taken than those adopted on that occasion BY the United
tiona duties and the cornia spirit in which they
munieated with the government OF England In this
matter have consolidated what was before deep and
cord al feeling the part of the people of this country
towards the American government tCheers) Gentle
Fsnian s, iusurrcciion, my thoushts are naturally
brought 10 that part Of her hajesty's dominons
with which II has become connected think
it must be q ground Of very great dtssatisgac.
ton to every that in the happy dom,uions OF her
Majesty circumstances which could have been FORE
have oc asioned the Suspension OF the constitutional
liberties OF considerable portion OF her Majesty's sub
3ccts But We have one source Of consolation under
circumstances 20 distressing and anomalous, and II H
this-that the SUSPENSION Of the Habeas Corpus act
in Ireland has scen necessttatcd by the conduct
70 to couro tho irish people, but has been resortsd
TO by The government or the Queen In order 70 grapplo
with foreign conspiracy and 20 prevent foreisn agents
from tamperng with the loyalty ana running the inter-
ess Of her subjects tear) Gentlemen, was IN hopes
thax the rate Of interest distressing the trade Of
very few minutes within its borders, have already
ceved communication upon the subject regret very
mnen @ nas 9 ne preset momen. snc 1ase o. a'eres s
II only requires . word from the Chancellor Of the
Exchequer TO relieve trade from this burden, regr to
say that my power has been much exaggerated Hear,
and lAurhl Gentlemen, II is in the power Of
the Chancellor OF the .Exchequer TO regulate tho rate
%pds oa senssmen sas my
decessor had added tho letter Of license which
he granted to the Bank that the rate of interest," should
not ne less than ten per cent the rate of interest
would have diminished before IL IL my opinion,
having duly considered the subject that tho rate OF
completely open would have been exactly the as
Il is at this moment For five years this country has
ihdnRed IN system Of speculative commerce such aa
s that throughout the whole Continent OF Europe there
is floating mass Of English commercial parcr OF aa
unprecedented amount. These commercial bills are
duly forwarded to London, and instead Of being
met a. they would be In Q period Of wholesome
commerce, and establ shed credit, they met by
demand for bullion, and builion alone. (Tiear hear
While tho dram Is going II Ia totally impossible that
we can look for any reduction in the rate Of interest
and you may rest assured that there Is no Legislative
means by which you Lrtncaiy settle the rate oi
interest at any time. Gentlemen upon this sub
prevail in tie country. No doubt trade and com.
merce arc both curtaed and restricted when money
dear II Is very easy to sav How s snssm France
In London It Ia tenr' Why the answer ts very simple
Theee is great deal Of money in France and. COMPARE
Is ,aason why money is cheaper IN France than II
| is In England But there Is another cause also why
money cheaper in France than in England In France
there is tate Of very high credit while in England
there is state Of very damaged credit; and those
two ,,, causes eoncurring have brought about the
experience and which We all deplore. !. Hear.
hear) There are tnrce by which this evil may be
Of English houses that now floating on hs Contin mt
there Is peace which am sangune enough TO think may
SaD Tness arc hes
several causes which will reduce the rate OF into
rest Ghssss Gsnss%sn s,sS have touched on 'hos'
resting. There Is q subject on which would ns'
say few words no.xiths,sndins tho canicular hea
| which prevails at this moment IA laughl 1
Ia subject which am sorry 70 say does appear to
J now so popular with Engshmen as II was; but as
perhaps think Il impertinent IN oer few obser
vations it, IS tho subject OF those for III
improvement OF the people IN Pa,
Lament which generally go under the name-shougl
very ercneously-of Parliamentary reform. "a laugh
I read very often--i6at tine subject Of ParIiamcSs
tay reform Ia the great difficulty Of tho present Minis
try, and will be their stumbling block. am Of quite
different opinion soc difcuy In the matter at ALL
a laugh and cheers)-and " We STUMBLE rest assurcdtw
shall not stumble over Parliamentary reform. II Is
good right 10 deal with II any body Of states
men IN existence The great Reform bi Of 1ss
%.ey ssss s y a Dss sSa and
the only measure OF reform, since the great Reforr
bin, that Is mentioned with respect-why, myse
seen in he recent campaign in the House Of Common
that every division that has taken place, and ever
strong manifestation Of opinion that has been expressed
have ratified tho principles upon which the bill Q
1859 was founded. tCheors) Night after night
70 ger Gentlemen % sitting oDposI.. 70 ' mondsiis isns
guished liberals Of all hueswho with scarcely cxcsr
tion rose and D tones Of courteous penience pubci
against the bill Of 1869 we under such circumstances
want know what is 10 prevent u.s. IL the question
other public menf We must under,tand IT, or at cas
understand IL better than OF those who have
sS. va .a ssA sa ahsssS,s ssas sa0re
mcntaSy rs'orm will be . OF trouble y
tho present Ministry win bc one Of tho or hei
downfall II that should ever occur tlenewcd daughter
and cheors, After having stated this will tell 20.
frankly that am NOT about 70 give any pledge on IN
part of her Nicsiy,s Government that going d
deal whom Parliament meets ksion With tile sub
Jet OF Parliamentary reform. We hold ourselves per
fecty FREQ do what may bess for the country
tHeaf, hcar) don't any very discontsnted or dis
co0soate faces consequence Of The announcement
lnush and Hear, hear') but under any circumstances
WAS my duty 10 make IT, And gentlemen rest
thst II We deal with the question at any time, will
deal with II In Che sprit Of the English constitution W.
shnu not atrsxt 10 frslios ssmcdJ tk< iRfiuiau
t's ooaafry any foreign typ. shatv~, ~hsfhev Mey
lmsrscc~ ~ sssfl<y LAey Be FFs.nh loud cleersl
| attribute the failure OF the iato government ID
dealing with the subicct 70 ths confusion Of
ideas which prcvaled among them, even n
the principles on which they ought 20 lcgisiaic
IL was impossibk clearly 10 undersiand whether fhs
q, measure was fnEed on the rights of man or on the
rights of numbers. but ws who opposed their did
not recognize that the rights of should prevail
Legislation, or that numerical majority should dctat,
IN ancicof nation VI various polica ordess and clas
| Hear hest) What wish is that whenever any n
In the electoral constituencies OF this country
takes place d should take place 10 with the
trtion Of Engiaod what wish s thai the electoral
power shouic be potcd with the bs ~ cnsscr
and that is tsc principle upon whoh 10 called o.
psvpore to lcsislafe sCheen.I 0eniisneu have nox
f..u unan f.~l Esx-x