Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Report Of The Proceedings Of The British Parliament.
REPORT OF THE PROCEEDINGS OF THE BRITISH PARLIAMENT .
HOUSE OF LORDS . THE FIRST SESSION OF THZ EIGHTEENTH PARLIAMENT .
MONDAY , March 6 . LORD Spencer , after several handsome compliments , moved , ' That the Thanks of this House be given to Admiral Sir John Jervis , K . JB . for ¦ his most brilliant and decisive victory over the Spanish fleet , on the ? . 6 th of February , 1797 . ' The Duke of Bedford , in order to convey to posterity that this was more than an ordinary victory , moved to insert the words , ' a very great superiority . "
To this Lord Spencer had no objection . The Duke of Clarence bore . testimony to the merit of Sir John Jervis : spoke highly of the discipline of his fleet , and without meaning to offend any other , declared him the very best officer in the Navy . His Royal Highness then affirmed this to be the most brilliant victory in our annals , inconsequence of the prodigious disparity of force , and trusted , that it would restore to our countrymen their wonted spirit , and dissipate their lale alarms . The Lord Chancellor objected to the amendment ; but it being approved of
by Lord Hood , Lord Grenville , and several other Peers , the amended motion was put and agreed to , although the Lord Chancellor persisted in his opposition . Lord Spencer then moved a vote of thanks to Vice-Admiral Thompson , Vice-Admiral Waldegrave , Rear-Admiral Parker , Commodore ( now Rear-Admiral ) Nelson , and the other Officers serving under Sir John Jervis , which was unanimously agreed to . Lord Spencer then moved a similar vote of Thanks to the sailors , marines , arid soldierswho were serving on board the fleet on the above glorious occasionwhich
, , was unanimously agreed to , without a single word being said . The Duke of Bedford said , he drew their Lordships' attention with regret from the late glorious victory to the gloomy state of affairs at home ; but such was the alarm at the stoppage of the Bank , that tfie fullest and most explicit enquiry was necessary . He then stated his objections to a Secret Committee , and moved , ' That a Special Committee , consisting of fifteen Lords , be appointed to enquire into the cause of the Order of Council issued to the Bank Directors on the zo ; h of February . ' -
Lord Grenville insisted , 'that the Report made by the Committee ought to satisfy the most incredulous of the flourishing state of the Bank ; and then . attempted to prove , that floating cash was not the medium of property ; a small retail business . requiring more to carry it on than a wholesale concern . Hence he inferred , that the want of specie could not fairly injure the Credit of the Bank . The Duke of Norfolk did not doubt the solvency of the Bank ; but it was not the Bank the people feared—it was the power of Ministers over it . He should like to know what that part of the Report means , where the Directors apprehend , if the run continue , that they shall not have cash enough lelt for any exigencies of ment
( joverr . . Lord Grenville moved to insert the word Secret instead of Special , which being , yut and agreed to , he moved , that the Committee be appointed by ballot . On this the Duke of Bedford rose with much warmth , and beggsd their Lordships not to trifle with the public until it was too late . Ballotting for a Committee , he said , was little more than submitting to the nominal ion , for in the last instance
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Report Of The Proceedings Of The British Parliament.
REPORT OF THE PROCEEDINGS OF THE BRITISH PARLIAMENT .
HOUSE OF LORDS . THE FIRST SESSION OF THZ EIGHTEENTH PARLIAMENT .
MONDAY , March 6 . LORD Spencer , after several handsome compliments , moved , ' That the Thanks of this House be given to Admiral Sir John Jervis , K . JB . for ¦ his most brilliant and decisive victory over the Spanish fleet , on the ? . 6 th of February , 1797 . ' The Duke of Bedford , in order to convey to posterity that this was more than an ordinary victory , moved to insert the words , ' a very great superiority . "
To this Lord Spencer had no objection . The Duke of Clarence bore . testimony to the merit of Sir John Jervis : spoke highly of the discipline of his fleet , and without meaning to offend any other , declared him the very best officer in the Navy . His Royal Highness then affirmed this to be the most brilliant victory in our annals , inconsequence of the prodigious disparity of force , and trusted , that it would restore to our countrymen their wonted spirit , and dissipate their lale alarms . The Lord Chancellor objected to the amendment ; but it being approved of
by Lord Hood , Lord Grenville , and several other Peers , the amended motion was put and agreed to , although the Lord Chancellor persisted in his opposition . Lord Spencer then moved a vote of thanks to Vice-Admiral Thompson , Vice-Admiral Waldegrave , Rear-Admiral Parker , Commodore ( now Rear-Admiral ) Nelson , and the other Officers serving under Sir John Jervis , which was unanimously agreed to . Lord Spencer then moved a similar vote of Thanks to the sailors , marines , arid soldierswho were serving on board the fleet on the above glorious occasionwhich
, , was unanimously agreed to , without a single word being said . The Duke of Bedford said , he drew their Lordships' attention with regret from the late glorious victory to the gloomy state of affairs at home ; but such was the alarm at the stoppage of the Bank , that tfie fullest and most explicit enquiry was necessary . He then stated his objections to a Secret Committee , and moved , ' That a Special Committee , consisting of fifteen Lords , be appointed to enquire into the cause of the Order of Council issued to the Bank Directors on the zo ; h of February . ' -
Lord Grenville insisted , 'that the Report made by the Committee ought to satisfy the most incredulous of the flourishing state of the Bank ; and then . attempted to prove , that floating cash was not the medium of property ; a small retail business . requiring more to carry it on than a wholesale concern . Hence he inferred , that the want of specie could not fairly injure the Credit of the Bank . The Duke of Norfolk did not doubt the solvency of the Bank ; but it was not the Bank the people feared—it was the power of Ministers over it . He should like to know what that part of the Report means , where the Directors apprehend , if the run continue , that they shall not have cash enough lelt for any exigencies of ment
( joverr . . Lord Grenville moved to insert the word Secret instead of Special , which being , yut and agreed to , he moved , that the Committee be appointed by ballot . On this the Duke of Bedford rose with much warmth , and beggsd their Lordships not to trifle with the public until it was too late . Ballotting for a Committee , he said , was little more than submitting to the nominal ion , for in the last instance