to purchase, and has certain other motives | out being able to assign any particular that demand some little provision before- reason for it. Every man knows that hand, especially if he be married and has paper-money has no intrinsic value; that an increasing family. This provision is a breath destroys it; and, when once a made in the currency of the place; and, comparative view of the worth of paperGood God! how many poor and worthy money and real money is taken by any creatures must, by the blowing away of considerable portion of the community, that currency, have been plunged into nothing that the human mind can devise misery unspeakable! Those, who were will long keep the paper afloat, unless it but one remove from pauperism, would, be openly pitted against the coin, and a indeed, only become paupers; that is to money price and a paper price take place. say, be thrown for maintenance upon It is perfectly notorious that a traffic has the farmers and tradesmen just at the long been carried on of paper for guineas, moment when they themselves were half- the latter bearing a value beyond their ruined; but, how hard, how cruel the nominal value. It is decidedly impossi case of those, who, by dint of industry and ble, that such a circumstance should not care and œconomy were just enabled to diminish the general confidence in the keep the wolf from the door; just enabled solidity of paper-money; not only of this to pay their rent, to have a comfortable or of that description of paper-money, meal, to dress decently, and to provide but of all the paper-money current in the the means of fitting out their children country. And, therefore, to talk of " pufor service? Such people must always "rifying the trading hemisphere," by have a few pounds by them. Such little which, I presume, is meant, making the hoard is a necessary part of their esta-general confidence in paper-money greater blishment. And, thus, at " one fell than it was before, argues a great want of "swoop," have all this very best descrip- reflection upon the subject.The MORNtion of persons been reduced to the most ING POST of the 19th instant, has a repoignant misery, through the whole of mark, which merits some notice on acthe district, in which the now-disho- count of the source, whence one may reanoured paper-money formed the currency sonably suppose that it has, either directly of the country.And, yet, I have been or indirectly, proceeded. It is this:abused; I have been vilified; I have been "The depreciated value of country Bankrepresented as an enemy to my country, paper has already occasioned a reduction and as the advocate of Buonaparté, because" in the price of provisions of every descripI cautioned that country against the ef "tion. This is not only of high importfects of this paper-money!--In an other of the Morning Chronicles, it is observed, that there has been a consultation upon the subject of affording relief from the Bank in Threadneedle Street; but what is meant by "relief?" Is it that sort of thing which will enable other smaller banks to go on? This may be done, and, I suppose, will be done; but, will this relieve the people in Wiltshire and elsewhere, who held notes that are now little better than waste paper? This is the description of persons, to whom one would wish to 80 relief given; and, if the government

C

ve them relief, of what use, cony tpbaking, is its interference? As to iolsag abent indiseret sp.culaEn having been the cause of this expl The core is, the ¦ wel og corfdone in the panch. Whence the fist afrom, nas nikeceded is of PareonBonorien o the

ance, with reference to the labouring "classes of the community, but affords "decisive conviction, that the abolition of "these destructive assignats would reinstate a commercial confidence.' Would not one think, that the last part of this paragraph had been dropped on its way to my Printer Mr. HANSARD, and picked up and carried to the office of the Morning Post? "Destructive Assignats ?" Why, I never made use of any thing so contemptuous as this; and, does the editor of the Morning Post carry in mind, who are the persons, who issue these " Assignats," as he calls them; and who have so long been profiting from such issue?--- -Let me, however, put him right upon a point of doctrine here. He this a confused notion of the effect of the qua alty of noncy upon prices, and seems not clearly to understand the meaning of the word depreciation.- When money depreciates, prices rise. This must be ob

to every one; and, indeed, most now-a-days, know that high prices na general scale, nothing more

than another word for depreciated currency. | Would " my learned friend" have no paper Therefore, to say that "the depreciation at all to supply its place? And, does he, "of the country bank paper has occa- learned gentleman, think that guineas, asioned a reduction in the price of pro- "Jacobin guineas," would circulate at "visions," is clearly erroneous. The Salisbury, while not a piece of coin was to writer meant, or his oracle meant, to say, be seen at Winchester? Will he seriously that the lessening of the quantity, that is to say, that he believes, that, if such were the say, the annihilation of part of the country case on Monday, the Tuesday's Salisbury. bank paper, has occasioned a reduction in coaches would not be broken down by the the price of provisions; and, in this, he weight of Jews, setting off with notes, is, I dare say, nay, I know that he must wherewith to purchase up the said Guibe correct. But, what does he mean neas? This is too plain to be dwelt upon by what follows? Does he mean to tell for a moment. Well, then, he would have the public, that this circumstance will do Bank of England notes to supply the place the labourer any good? Does he really of "these destructive assignats." Has he believe, that, if provisions be lower in reflected on the consequences of that? Is price, the wages of the labourer will not he quite sure, that, every one feeling, that be lower in price too? Does he seriously the notes of the Bank of England having intend to persuade us, that, when the thus been so greatly increased in quantity'; is farmer sells his wheat for ten shillings a he quite sure, that that feeling would not bushel, he will give the labourer as many transfer the want of confidence from one shillings a week as he gives him when description of paper-money to the other? wheat is sold at fifteen shillings a bushel? Does he think, now, for instance, that, if Absurd as this is, however, it is the mean- all the country money were instantly deing of the paragraph, or else the para- stroyed; does he think, can he think, can graph has no meaning at all.-A word any creature with brains in his skull be or two more, now, about "these destruc- lieve, for only one half minute, that, with tive assignats." The writer knows, I pre- their pocket-books full of dishonoured sume, that there is no country money, the assignats," with rain spread all around issuers of which are not connected with them; can he seriously believe, that, in some persons in town. He is aware, I such a state of things, any sort of paper presome, that there is scarcely a money-money would possess the confidence of man in England, who is not, in some way or other, connected with the country mills. But, waiving this, for the present, has it occurred to my "Learned friend" (for, surely, he must be of that tribe,) to reflect on the several consequences, that might be reasonably expected to grow out of the "abolition of these destructive assignats," as he has the cruelty to call them? Has he considered duly upon the means of supplying their place? I have, at different times, heard much talk against the country banks, and their tendency to depreciate the value of money by increasing its quantity; but, to me it subject I have only room to insert the folappears as clear as day light, that the lowing Proclamation.-" From the Dublin paper of this sort is full as necessary to "Gazette Extraordinary. His Grace the the keeping up of the system as is the "Lord Lieutenant having been pleased to paper of Threadneedle street. I can see "appoint John Patrick, Alexander Jaf. no mischievous quality in the former," fery, Randal M'Donald, Francis Beggs, which does not belong to the latter, while," Richard Litton, John Lindsay, John on the contrary, I can see, with respect "Carleton, Richard Darling, John Orr, to the former, some proportion, at any "( Joseph Hone, and Alexander Shaw, rate, of real property liable to the making of it good in case of failure, and can see no real property in the case of the latter. Be this as it may, however, what is to supply the place of the " abolished assignats?"

the people? -For the reasons, which I should now state, if I had room, and which I will hereafter state, but which will, probably, suggest themselves to the reader, I am of opinion, that the country money must be supported, or that the whole of the papermoney system will go to pieces. Upon the consequences of which latter event it would be premature to calculate, but which consequences I, for my part, think, as I always have thought, would not at all tend to endanger the safety and well-being of the nation."

IRISH-PAPER-MONEY.

Upon this

Esqrs. to receive the applications and look into the securities of such persons "in trade as are possessed of funds ulti"mately more than sufficient to answer "all demands upon them, but have not

taining most interesting and valuable matter, never yet committed to the press, in any shape whatever.

The PARLIAMENTARY DEBATES for the last Session will be published on or before the first of September. All the numerous communications, which have been made to me, relating to that Session, will be carefully attended to; but any, which are yet to be made, must be received before the 1st of August.

"the means of converting those funds | lumes will have been read and consulted, "into money or negociable securities in for the purpose of obtaining materials, or "time to meet the pressure of the moment, of insuring correctness; besides the sin"and the governors and directors of the gular advantage of my having been assist"bank of Ireland having agreed to ad-ed with a great number of manuscripts, con"vance to those gentlemen sums, not exceeding in the whole 200,000l. to en"able them to give relief to manufac"turers so situated, conformably to the re"commendation made to his Grace the Lord "Lieutenant by the Lords of his Majesty's Privy Council, persons desirous to avail "themselves of such aid may make their "application to the gentlemen above"named accordingly. By bis Grace's "' command. W. W. POLE.". -Something of this sort will, I suppose, be done in England. The government will, in this way, cause the private traders in paper-money to be kept up; and, indeed, this does appear to be the only thing that, at present, can be done to put a stop to the general run, which is taking place.This is a subject of the greatest importance. It requires, to keep the nation steady, under the approaching circumstances, all the coolness, all the reflection, all the profundity of wisdom, of which the human mind is capable. Any shallow head may hatch and execute expedients; but, expedients will not long do; and, whether we are to witness any thing better than expedients tiine alone can determine.

MY OTHER WORKS.

At this time I think it right to state to the Public something respecting the OTHER WORKS, which I alluded to, in a cursory manner, in my last Number, and which works I shall, I hope, now be able to push forward with increased advantage and activity.

Of The PARLIAMENTARY HISTORY, the next Volume (being the Seventh) will appear in the month of October; and, after that, one Volume every three months at farthest; and, I have no doubt, that the whole of the work will be completed in the course of this present year and the two following years. Much unexpected mat-, ter has occurred, as I have proceeded with, this work, the labour attending which has been infinite, and the expence not small. Before the work is completed I think it is probable, that more than two thousand vo

Of the STATE TRIALS I can only say, that the publication of the succeeding Volunies will be regularly continued, without any delay, until the work be com pleted. The praises which have been bestowed upon the execution of this work, by many persons of eminence, I should not mention, were they not due to another. The Gentleman, on whom the editing of the State Trials has rested, has bestowed upon the work as great pains, certainly, as it is possible to bestow, and the success has been commensurate with the means used to secure it. To render this work complete, nay, faultless, if that be possible, there is no expence that has been grudged, no sort or degree of trouble spared. The number of Trials introduced into this work will exceed, by nearly one half, that of the Trials in the Old Collection; and some of those now added, will be found to be among the most interesting. The work will include the STATE TRIALS OF IRELAND. My thanks are due to all those, who have imparted Manuscripts connected with this work; and I take this opportunity of promising, that, of every thing of this sort, that may be communi cated, the greatest care shall be taken. The Seventh Volume will be published on the 1st of September. Of the Two Hundred and Seventy-One Trials or Proceedings, of which the first seven Volumes consist, ONE-HUNDRED and TWELVE never before came into any Collection. The following is a List of the Articles contained in the Seventh Volume:

The new Matter is marked [N.] 244. The Trial of Edward Coleman, at the King's Bench, for High Treason, a. D. 1678. 245. The Trial of William Ireland, Thomas Pickering, and John Grove, at the Old Bailey, for High Treason, A. D. 1678.

To accelerate the liquidation of the State debt, a loan in Bank obligations shall be opened; those which are obtained by the loan shall be publicly at the Guildhall of London, for publishing a burnt. Foreigners can participate in the Libel, A. D. 1680.