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Article HOUSE OF COMMONS. ← Page 3 of 5 →
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House Of Commons.
He who after assuring the House that he had made ample provision for all services in his estimates , was constantly asking for fresh supplies , to fill up the deficiencies of those estimates ; who even now , if report spoke true , was , immediately after a loan , suffering a discreditable want of money in fhe public offices ; ¦ who last year withheld the payments Of Lottery Prizes , and permitted the public acceptances to be dishonoured ; who in April funded twelve millions of float-: ing debt , and in a few months so increased that debt , that the discount became greater than before ; who in spite of the remonstrances of the Bank continued
his remittances to the Emperor ; and who now refuses to restrain them . To refuse enquiry now , would be to announce that they had abandoned enquiry for ever . As the most gallant sea Captain , if he lost his ship ; was liable to a Court-Martial , so the Minister was prima facie a culprit , and ought . to clear himself by proof . After shewing that credit was founded upon punctuality ; that the City Association was insufficient to support it ; and that a national bankruptcy must be more fatal to this country than to France , Mr . Fox said , he was aware that Gentlemen would accuse him of advising enquiry as a remedy for every thing . To
this he pleaded guilty . The Minister's panacea , confidence , had been tried and completely failed . He wished his panacea , enquiry , to be tried ; and certainly now that we are on the verge of ruin , the application of it ought not to be rejected upon futile considerations . He concluded by saying , that if the conduct of the Minister had not for the last four years been blindly sanctioned by the House . the kingdom could not at this moment be in such an alarming state . Mr . Robarts said , that an idea had gone abroad of much money having been buried in England . Be that as it mighthe was sure much more British gold
, was buried in Germany . Sir John Sinclair said that an enquiry into the accounts of the Bank was not unprecedented , and proved his assertion by an extract from the Journals of Dec . 16 9 6 . That enquiry was minute , and ought to be the same at present . Sir John also remarked , that if Bank notes fell into disrepute , the public credit would be
ruined ; and that if made legal tenders from Government to individuals , it would amount to a refusal of the legal demands of the people upon Government ; Mr . Smith did not think the making Banknotes legal tenders justified by the information before the House ; and considered Mr . Pitt's plan as of a most mischievous tendency . Lord Wycombe was of opinion that the stoppage of the Bank was merely a manceuvre of the Minister to seize the money of the country , and send it to foreign Princes ; and thought that a strict enquiry into the causes of this calamity
ought to be instituted by the House . Sir W . Pulteney thought this measure of Ministers justified by necessity , pro * vided its duration were limited . The Newcastle Bank was a proof , that a stoppage , if merely temporary , might be attended with no sort of difficulty . Nor did be consider the money sent abroad as of any great consequence , as it would probably return to the country . Mr . Pitt observed , that Sir Wm . Pulteney misunderstood him , if he thought the measure was meant to be any other than temporaryand he would venture
; to say , that the Austrian Loans were not an immediate cause , though they might be one in the circle of contingencies . As to the alarming consequences said to have resulted already from the measure in question , it ought to be recollected , that the Dividend Warrants -were never paid -wholly in specie . Mr . Dent was against all enquiry , the solidity of the Bank being admitted ; The rest was a mere contest for places . All our thoughts ought to be turned to the war , in which we are engaged with men who deny the existence of a Being .
Mr . Sheridan was amply consoled for his disappointment in his previous attempts to speak , particularly by the last extraordinary speech . The Hon . Gentleman had said tha' this was a mere contest for places ; which was saying , that both sides cf the House were . rogues , and unfortunately tbe idea ivas not novel , He had also . aid wei were at war with people who did not believe in the existence of a Being . Surely lie did not mean that the French considered themselves as non-entities . Probably lie meant a Supreme Bein _*; butin that sense how did it justify prodigality in carrying
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
House Of Commons.
He who after assuring the House that he had made ample provision for all services in his estimates , was constantly asking for fresh supplies , to fill up the deficiencies of those estimates ; who even now , if report spoke true , was , immediately after a loan , suffering a discreditable want of money in fhe public offices ; ¦ who last year withheld the payments Of Lottery Prizes , and permitted the public acceptances to be dishonoured ; who in April funded twelve millions of float-: ing debt , and in a few months so increased that debt , that the discount became greater than before ; who in spite of the remonstrances of the Bank continued
his remittances to the Emperor ; and who now refuses to restrain them . To refuse enquiry now , would be to announce that they had abandoned enquiry for ever . As the most gallant sea Captain , if he lost his ship ; was liable to a Court-Martial , so the Minister was prima facie a culprit , and ought . to clear himself by proof . After shewing that credit was founded upon punctuality ; that the City Association was insufficient to support it ; and that a national bankruptcy must be more fatal to this country than to France , Mr . Fox said , he was aware that Gentlemen would accuse him of advising enquiry as a remedy for every thing . To
this he pleaded guilty . The Minister's panacea , confidence , had been tried and completely failed . He wished his panacea , enquiry , to be tried ; and certainly now that we are on the verge of ruin , the application of it ought not to be rejected upon futile considerations . He concluded by saying , that if the conduct of the Minister had not for the last four years been blindly sanctioned by the House . the kingdom could not at this moment be in such an alarming state . Mr . Robarts said , that an idea had gone abroad of much money having been buried in England . Be that as it mighthe was sure much more British gold
, was buried in Germany . Sir John Sinclair said that an enquiry into the accounts of the Bank was not unprecedented , and proved his assertion by an extract from the Journals of Dec . 16 9 6 . That enquiry was minute , and ought to be the same at present . Sir John also remarked , that if Bank notes fell into disrepute , the public credit would be
ruined ; and that if made legal tenders from Government to individuals , it would amount to a refusal of the legal demands of the people upon Government ; Mr . Smith did not think the making Banknotes legal tenders justified by the information before the House ; and considered Mr . Pitt's plan as of a most mischievous tendency . Lord Wycombe was of opinion that the stoppage of the Bank was merely a manceuvre of the Minister to seize the money of the country , and send it to foreign Princes ; and thought that a strict enquiry into the causes of this calamity
ought to be instituted by the House . Sir W . Pulteney thought this measure of Ministers justified by necessity , pro * vided its duration were limited . The Newcastle Bank was a proof , that a stoppage , if merely temporary , might be attended with no sort of difficulty . Nor did be consider the money sent abroad as of any great consequence , as it would probably return to the country . Mr . Pitt observed , that Sir Wm . Pulteney misunderstood him , if he thought the measure was meant to be any other than temporaryand he would venture
; to say , that the Austrian Loans were not an immediate cause , though they might be one in the circle of contingencies . As to the alarming consequences said to have resulted already from the measure in question , it ought to be recollected , that the Dividend Warrants -were never paid -wholly in specie . Mr . Dent was against all enquiry , the solidity of the Bank being admitted ; The rest was a mere contest for places . All our thoughts ought to be turned to the war , in which we are engaged with men who deny the existence of a Being .
Mr . Sheridan was amply consoled for his disappointment in his previous attempts to speak , particularly by the last extraordinary speech . The Hon . Gentleman had said tha' this was a mere contest for places ; which was saying , that both sides cf the House were . rogues , and unfortunately tbe idea ivas not novel , He had also . aid wei were at war with people who did not believe in the existence of a Being . Surely lie did not mean that the French considered themselves as non-entities . Probably lie meant a Supreme Bein _*; butin that sense how did it justify prodigality in carrying