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  • Sept. 1, 1797
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The Freemasons' Magazine, Sept. 1, 1797: Page 59

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    Article HOUSE OF COMMONS. ← Page 3 of 5 →
Page 59

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House Of Commons.

Monday , March 27 . Mr . Pitt proposed two new clauses in the Bank Indemnity Bill ; the first clause , ' That the collectors of the revenue do take Bank notes in payment of duties and taxes , ' which was agreed to . The next clause he considered of much greater importance , and therefore , previous to his moving , he wished to explain the nature of it . With respest to the situation of persons who , not having the means of paying in cash , should offer Bank notes in payment , be did not wish to take away all legal process against them , in case the other party should refuse to take these notes in payment . But the legal process should not

commence in the first instance by arrest , instead of which , the tender of Bank notes tyas to place the defendant in the same situation as if he had been held to special bail . These notes were lo be deposited by the defendant , and in that rase considered the same degree of security as special bail . This mode would relieve the parties during the present restrictions upon the Bank , but was not to go to the ultiirtate recovery of the debt . The clause to this effect was brought up , and passed . Mr . Fox moved a clause , that it should not be lawful for the Bank to issue any notes by way of loan , so long as the present Bill was to remain in force ; which ,

after an exception made by Mr . Pitt to the following effect , * Except the sum of 6 oo , oooi . being Ihe advances to be made by the Bank , on Ihe credit of Exchequer Kills , as apart of the payment of the late loan of t 8 millions / passed the Committee , and the chairman ordered to bring up the report .

Tuesday , 28 . Colonel Wood moved , ' Than an humble Address be presented to his Majesty , to entreat his Majesty to appoint a Board of naval and military officers , under the direction of his Royal Highness Field-Marshal the Duke of "York , to take into consideration the measure already adopted for the security and defence of the country , and to consult and advise what further measures may be expedient or necessary to adopt , in the present state of affairs , in order to remove every ill-founded alarm as to the security of the country . ' ' Mr . Dundas opposed the Mction as being unnecessary . Mr .

PierrepointCo-, lonel Gascoigne , and Mr . Sargeant , were of the same opinion ; and after some observations from Mr . Fox , the Motion was withdrawn . Wednesday it ) . An account of money advanced to the Emperor was presented , and ordered to lie on the table . Mr . Alderman Anderson brou <" m up the Bill for the better regulations of the assize of bread , which was read a first time . Thursday 30 . Mr . Pollen said , it was not with a view to embarrass his Majesty ' s ministers , but to co-operate with all his Majesty ' s subjects , in the reasonsfor

continuing the war , that he now gave notice of his intention , on the first day after the call of the House , viz . on Thursday week , to make a motion for an Address to his Majesty , either that the negociation for peace might be renewed , or that it might be explicitly declared what were the reasons for continuing the war .

Friday , 31 . The House in a committee on the Bank Indemnity Bill , Mr . Pitt introduced a clause for enabling the Bank to issue to such persons as shall bring them specie certain sums in spe-ie , agreeably to their engagements with those persons , but not exceeding , in the whole , three-fourths of the specie so brought in . Mr . Fox could not consent to the clause , for he considered the principles of necessity to be the only possible justification of all the past measures relative to the Bankand the same necessity might violate this new engagement .

, Mr . Pitt , Mr . Curtis , and Mr . Thornton were of opinion that the clause would shortly enable the Bank to resume its general payments in specie ; and after . some opposition from Mr . Tierney and Mr . Sheridan , it passed without a division . A second clause proposed by Mr . Pitt , to enable the Bank of England to make certain advances to the bankers , for the purpose of ready money payments to their customers , was also read and passed . MondayApril 3 . The report of ihe Committee on the minute of Council of the

, 26 th of Feb . which induced the recent stoppage of issue of specie from the Bank was received : the different amendments made in the Committee were then agreed to , and the Bill ordered to be engrossed . Tttesd < y 4 . Mr . Sheridan rose to make his promised motion for prohibiting any further advances to the Emperor . He did not conceive it necessary to wait for the report of the Secret Committee before a decision should be come to upon the

“The Freemasons' Magazine: 1797-09-01, Page 59” Masonic Periodicals Online, Library and Museum of Freemasonry, 29 May 2025, django:8000/periodicals/fmm/issues/fmm_01091797/page/59/.
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Title Category Page
Untitled Article 1
Untitled Article 2
LONDON: Article 2
TO CORRESPONDENTS, &c. Article 3
BIOGRAPHICAL NOTICE OF MR. WILLIAM WHITE. Article 4
ADDENDA TO THE MEMOIR OF MR. THOMAS HULL, Article 5
ON THE PECULIAR EXCELLENCIES OF HANDEL'S MUSIC. Article 6
HISTORY OF THE SCIENCES FOR 1797. Article 7
CURSORY REMARKS ON SHAKSPEARE'S MEASURE FOR MEASURE. Article 10
THE COLLECTOR. Article 12
THE LIFE AND ADVENTURES OF PETER PORCUPINE; Article 18
A BRIEF SYSTEM OF CONCHOLOGY. Article 22
DESCRIPTION OF THE PEAK OF TENERIFFE. Article 26
ACCOUNT OF A REMARKABLE SLEEP-WALKER. Article 30
THE FREEMASONS' REPOSITORY. Article 34
OPINIONS CONCERNING MASONRY. WITH THE CHARACTER OP A TRUE FREEMASON. Article 36
A CHARGE Article 37
A VINDICATION OF MASONRY. Article 40
MASONIC INTELLIGENCE. Article 41
GRAND LODGE OF SCOTLAND. Article 41
REVIEW OP NEW PUBLICATIONS. Article 42
POETRY. Article 50
REPORT OF THE PROCEEDINGS OF THE BRITISH PARLIAMENT. Article 54
HOUSE OF COMMONS. Article 57
MONTHLY CHRONICLE. Article 62
OBITUARY. Article 70
LIST OF BANKRUPTS. Article 73
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Page 59

Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.

House Of Commons.

Monday , March 27 . Mr . Pitt proposed two new clauses in the Bank Indemnity Bill ; the first clause , ' That the collectors of the revenue do take Bank notes in payment of duties and taxes , ' which was agreed to . The next clause he considered of much greater importance , and therefore , previous to his moving , he wished to explain the nature of it . With respest to the situation of persons who , not having the means of paying in cash , should offer Bank notes in payment , be did not wish to take away all legal process against them , in case the other party should refuse to take these notes in payment . But the legal process should not

commence in the first instance by arrest , instead of which , the tender of Bank notes tyas to place the defendant in the same situation as if he had been held to special bail . These notes were lo be deposited by the defendant , and in that rase considered the same degree of security as special bail . This mode would relieve the parties during the present restrictions upon the Bank , but was not to go to the ultiirtate recovery of the debt . The clause to this effect was brought up , and passed . Mr . Fox moved a clause , that it should not be lawful for the Bank to issue any notes by way of loan , so long as the present Bill was to remain in force ; which ,

after an exception made by Mr . Pitt to the following effect , * Except the sum of 6 oo , oooi . being Ihe advances to be made by the Bank , on Ihe credit of Exchequer Kills , as apart of the payment of the late loan of t 8 millions / passed the Committee , and the chairman ordered to bring up the report .

Tuesday , 28 . Colonel Wood moved , ' Than an humble Address be presented to his Majesty , to entreat his Majesty to appoint a Board of naval and military officers , under the direction of his Royal Highness Field-Marshal the Duke of "York , to take into consideration the measure already adopted for the security and defence of the country , and to consult and advise what further measures may be expedient or necessary to adopt , in the present state of affairs , in order to remove every ill-founded alarm as to the security of the country . ' ' Mr . Dundas opposed the Mction as being unnecessary . Mr .

PierrepointCo-, lonel Gascoigne , and Mr . Sargeant , were of the same opinion ; and after some observations from Mr . Fox , the Motion was withdrawn . Wednesday it ) . An account of money advanced to the Emperor was presented , and ordered to lie on the table . Mr . Alderman Anderson brou <" m up the Bill for the better regulations of the assize of bread , which was read a first time . Thursday 30 . Mr . Pollen said , it was not with a view to embarrass his Majesty ' s ministers , but to co-operate with all his Majesty ' s subjects , in the reasonsfor

continuing the war , that he now gave notice of his intention , on the first day after the call of the House , viz . on Thursday week , to make a motion for an Address to his Majesty , either that the negociation for peace might be renewed , or that it might be explicitly declared what were the reasons for continuing the war .

Friday , 31 . The House in a committee on the Bank Indemnity Bill , Mr . Pitt introduced a clause for enabling the Bank to issue to such persons as shall bring them specie certain sums in spe-ie , agreeably to their engagements with those persons , but not exceeding , in the whole , three-fourths of the specie so brought in . Mr . Fox could not consent to the clause , for he considered the principles of necessity to be the only possible justification of all the past measures relative to the Bankand the same necessity might violate this new engagement .

, Mr . Pitt , Mr . Curtis , and Mr . Thornton were of opinion that the clause would shortly enable the Bank to resume its general payments in specie ; and after . some opposition from Mr . Tierney and Mr . Sheridan , it passed without a division . A second clause proposed by Mr . Pitt , to enable the Bank of England to make certain advances to the bankers , for the purpose of ready money payments to their customers , was also read and passed . MondayApril 3 . The report of ihe Committee on the minute of Council of the

, 26 th of Feb . which induced the recent stoppage of issue of specie from the Bank was received : the different amendments made in the Committee were then agreed to , and the Bill ordered to be engrossed . Tttesd < y 4 . Mr . Sheridan rose to make his promised motion for prohibiting any further advances to the Emperor . He did not conceive it necessary to wait for the report of the Secret Committee before a decision should be come to upon the

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