My friends, look at the motto. [proach, "late panic" came; and There you will see, that the then that did, in reality, very nearly Minister (little SNAP PERCEVAL) SET THE QUESTION AT expressed, just sixteen years ago, REST FOR EVER AND FOR the very same anxious desire; EVER! By almost a miracle and, you will also see, that I then the thing escaped from a total told little SNAP, that this was one blowing up, which was provoking of the things that his majority enough, after the big House, after could not do. When PEEL's the "Imperial Parliament" had, BILL was passed, our present pro- three several times, set the quesfound Minister (Eolus Canning) tion at rest, and once, at least, out exclaimed: "There, now" (the vote of the three times, set it at rest of the big House having been una- for ever! After late panic," nimous), "the question is SET AT REST FOR EVER!". Indeed, he called for an unanimous vote, in order that no man should ever again attempt to stir the question! and the Ministers now say is, to But, alas! the question would stir set the question at rest for ever! itself. And, in 1822, it required But, now comes Mr. DAVENto be SET AT REST AGAIN. PORT, who does not seem to reThen, however, it was done gard the question as set at rest at

a law was passed for totally abolishing one-pound notes after the fifth of April 1829. That law is now in force; and that law was,

effectually"; and Prosperity all, and who wants to have it set Robinson had soon to reproach at rest by a Committee of the us Reformer with having dared whole House, appointed to inquire to suppose, that the big House into the matter. Of Mr. Davenwas not equal to the task of SET- port's speech, I shall only say, TING THE QUESTION AT that it contained a great number REST! In less than sixteen of truths, every one of which he months from the date of this re- would have found, and, I am sure,

he did find, stated more than five | who was presént and heard him, hundred times over, in the pages appears to have thought, as we

of this Register. You must have all most heartily laughed, if you read this speech, to perceive that he uttered not one single observation worthy of being attended

shall see by and bye, that he was making an attempt to renew Mr. Western's motion and project about a lowering of the standard of gold and silver.

Every thing said during this debate, was so wide of the mark of wisdom, except by mere accident; every project that appeared

to, that you had not read in the Register as often, perhaps, as you have numbers of joints in all your bones. All that he said about paper-money augmenting to be afloat, was so far from conprices by its increase; about its diminishing prices by its decrease; about its augmenting, in reality, the amount of the taxes by its decrease; all that he said about the silent robbery committed upon tax-payers by Peel's Bill; about the real augmentation of salaries

taining any thing like an efficient remedy; and the several speakers seemed to have notions so different from those of each other, that the talk would be, by me, deemed wholly unworthy of notice, did I not think it right to put you in possession, as far as I am able, of the views which these people have

by the diminution of the paper; about the fluctuations in the value of the matter; if, indeed, they of property occasioned by the can be said to have any views at operations of the bank; every ob-all. In this place it is, that laws servation, every word having any sense in it, you had read before, over and over again, in the Register. What he was actually driving at, I do not gather from the speech itself; but Mr. Huskisson, sort of thoughts are afloat in the

must be passed, if passed at all; that laws have been passed and that laws will be passed, relative to this paper-money; and, therefore, it is useful to know what

minds of those who are to pass | seems to have forgotten that the such laws. Mr. LEYCESTER, Mr. price of corn was regulated by R. KING, Mr. FYNER, (I suppose two things, and by two things it should be Fyler), Mr. PEARSE, only; namely, the quantity of the the Bank Director, Sir FRANCIS money in circulation and the seaBURDETT, Mr. MABERLY, Mr. sons, over the first of which the HUSKISSON, Mr. WESTERN, and Parliament have had some conMr. MATTHIAS ATTWOOD, were trol; over the latter, no control at the speakers upon this occasion. all; and Mr. Fyler may be asMr. LEYCESTER seconded the sured that, be the regulations of motion. He ascribed the distress the corn-trade what they may, to the misconduct of the Bank of the regulations relative to the paEngland. He was for correcting per-money will determine the the law regarding the currency; price of corn, in spite of all other but, did not say how! He was Next came Sir FRANCIS BURDETT, whose speech

for destroying the Sinking Fund,

and for regulating the power of the Bank of England. Mr. R. KING regarded Peel's Bill as a

robbery on the prospects of the people; but observed, that the

regulations.

I

shall notice somewhat in detail ; because it contains observations of a nature that let us at once into the views of this lauded Baronet with respect to the diminution or augmentation of the quantity of

late changes in the Ministry had opened a bright prospect for Ire-paper-money; and which also land and for humanity in general. Mr. FYLER observed, that the real

give us the means of judging pretty fairly of the extent of his knowledge of the subject, and of his capacity to devise measures

the corn trade; for that, high for putting things to rights. Soon prices of corn made high prices after he began, he proceeded for every thing else. Mr. Fyler thus:

"It was a great fallacy to imagine | right basis the devil of any de

"that the question had been set at rest. "The evil had been brought upon us by mal-legislation, and the

86

66

scription does he give us. He re

minds us that there was a Bullion

question would never be set at rest report, many years ago, brought

"until the matter should be settled

❝ on the true and right basis. Thein by lawyer HORNER, and he

66 subject had been at first taken here

up

says

because he has twenty thousand

acres of land, to make assertions

that Horner and those "by Mr. Horner, and several other that assisted him, were persons of persons of great talent and industry, "and an elaborate report had been great talent and industry. Now, "produced, and upon the whole my friends, a man is not, merely "there had been no want of atten"tion to it. The subject, however, "still required examination. When "the Bill of 1819 was under discus-like this, when there is not a 'sha“sion, it was said by several persons "that it was impossible the Bank "could pay in gold. But he had "then stated, that the question was "not whether the Bank could pay. in "gold, but whether the country could “bear that it should. It now appeared great blockheads as ever made “that it could not at that time imme- their appearance before the pub“diately resume the cash payments lic. Great industry the creatures "without great injury to the country."

dow of proof to bear him out in

such assertions. Horner and his

brothers of the Bullion Commit

tee Report, were a covey of as

might have, industry as great as So, then, here we have Mr. that of ants, or of cock-roaches; Canning's great supporter, assert-but, talent they had not; as appli

ing that it was a great fallacy to imagine that the subject had been set at rest! This Baronet not

only says that the subject has not yet been set at rest, but says that

it never will be and never can be,

until it be settled on a true and

right basis; of which true and

cable to a subject like this, more than any pismire or any cockroach that crept about upon the face of the earth. Differing in everything, I hope in God, from this many-acred Baronet, I differ from him more especially in this, namely, that I delight in producing

proof of my assertions, while he sequences would be just such as we never attempts to produce any have since seen them be; and, with

all these facts before us, with all these facts completely undeniable, this man of twenty thousand acres, presuming in the protection which

proof at all. What, my friends, was this" elaborate report" of which the Baronet speaks as the "product of great talent and industry"? Why, Gentlemen, it those acres will give him, stands was the "Bullion Report:" it up and tells the Parliament that was a Report in which Horner Horner and his associates were and his associates recommended persons of "great talent and inthe absolute resumption of cash-dustry"! We next come to the payments at the Bank, at the end eulogium which the many-acred of two years after the winter of Baronet is pleased to bestow upon 1811 and that, too, observe, | himself! He tells us, relative. though the war should still have to Peel's Bill, that, when it was continued! I wrote "PAPER under discussion, some people AGAINST GOLD" to show to my read-thought that it was impossible for ers the folly, the madness, of this the Bank to pay in gold, but that proposition. Events have clearly HE (now mind him!); that he proved; the Baronet's own statement now is sufficient to prove;

it is notorious that an attempt to do the thing ten years later than

Horner and his stupid associates

recommended it to be done, has

produced calamities not easy to

be described by tongue or pen;

it was proved to Horner and his

set, at the very time that they

made their Report, that the con

THEN stated, that the question was not, whether the Bank would pay in gold, but whether the country could bear that it should. Well, this was sagacity, if it existed; but, the misfortune is, that it never has had any existence except in the confused mind (for will not ascribe it to any thing else) of this ancient Reformer and now principal backer of Mr. Can

I