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Paisley and suburbs thereof; and of ducive to his own interest, can take heritors, manufacturers, merchants, place, without violating general prinmechanics, and labourers of all deno. ciples of the first importance to the minations, residing in Lancaster, Ayr, prosperity and happiness of the comand Renfrew shires, and the manufac- munity; without establishing the most turing places adjacent ;-were refer. pernicious precedent, or even without red ;
aggravating, after a very short time, Have carefully and maturely exa. the pressure of the general distress, and mined the various suggestions submit. imposing obstacles against that distress ted to their consideration; all of which being ever removed; or, if the interappear to your committee, to be expo- ference were extended to all trades and sed to insuperable objections ; some, occupations, as it manifestly must be, as being of a nature too important and when the system has been acted on in too extensive to fall within the li- any, without producing great public mits of enquiry, which the committee mischief, and being destructive of the thought it their duty to prescribe to happiness and comfort of individuals, themselves; others, as calculated either “ But above all, your committee to restrict the number of hands when are most decidedly of opinion that manufactures are flourishing ; to con- grants of pecuniary aid, to any partiline workmen to a trade in which, by cular class of persons suffering under a change of circumstances, they may temporary distress, would be utterly be no longer able to find employ; to inefficacious as to every good purpose, arrest the progress of improvement, and most objectionable in all points of and of facilities for abridging labour, view ; particularly as they could not on grounds which, at former periods, fail of exciting expectations unboundmust have been equally strong against ed in extent, incapable of being realithe introduction of the loom itself; zed, and most likely to destroy the and to infringe on personal liberty, in eliquibrium of labour and of employthat most essential point, the free ex. ment, in the various branches of maercise of industry, of skill, and of ta- nufacture, of commerce, and of agri. lent :--and have especially considered culture.” the expedient suggested to them, of administering pecuniary aid out of the Report of Committee relative to the public revenue.
State of Appeals in the House of • While your committee fully ac
Lords. knowledge, and most deeply lament the great distress of numbers of per The Earl of Lauderdale, after obsons engaged in the cotton manufac- serving that the information before the ture, in various tradesconnected with it, committee on this subject only extend. arising from circumstances which have ed to the comparative increase of busicaused the sale of cotton goods to de- ness in the court of Chancery between cline, and consequently the demand the periods of ten years up to 1755, for labour in these trades, and in that and ten years from 1800, moved for manufacture, to be reduced ;-they an account of the business before that are of opinion, that no interference of court from 1755 to 1800, and the the legislature with the freedom of number of decrees from 1755 to 1810. trade, or with the perfect liberty of The Earl of Liverpool had no obevery individual to dispose of his time jection to the motion, but could not and of his labour, in the way and on consent to delay, till the information terms which he may judge most con- was produced, the measure in contemplation for the more speedy hearing of time than was heretofore necessary for appeals in that house, which he thought the execution thereof, and therefore, it was of great importance should be to disable him from giving sufficient passed before the session closed, in or attendance in the court of Chancery, der that they might begin in the next but that it also appears from the statesession on the new arrangement.-The ments in the appendixes of the compa. motion was agreed to. The order of rative quantity of business in the court the day was read for taking into con- at different periods, its judicial esta. sideration the report of the committee blishments having continued the same, relative to the state of appeals in the that there is a considerable increase House of Lords. The report was thereof, taking together the whole of read by the clerk at the table as fol. the different kinds of business translows :-“ Resolved, That it is the opi. acted in the court ; and that it is there. nion of this committee, that it is indis. fore expedient, in order to secure at pensably necessary, and that it so ap- the same time a sufficient attendance pears to be from the great number of upon the House of Lords by the Lord appeals and writs of error now depend. Chancellor, and sufficient means for ing in the house, amounting together carrying on the business in the court to 338, of which 296 are appeals, and of Chancery, that an additional judge 4-2 writs of error, that a greater pro. in the court of Chancery should be portion of the time of the House of appointed. Lords should be employed in hearing “ Resolved, That it appears to this appeals, than has been hitherto allotted committee to be expedient that such to this part of the business of the judge should hold his office during house; and that it will be expedient, good behaviour, and that he should be therefore, that the house should deter- of a rank correspondent with that of mine to sit for this purpose at least the Master of the Rolls. three days in every week during the “ Resolved, That it is the opinion session, meeting at ten o'clock at latest of this committee, that it is expedient on each day till the present arrear of to revive the practice which formerly causes shall have been considerably re- prevailed in the House of Lords of li. duced, and subsequently two days in miting the period in each session, after the week at least, meeting at the same which appeals shall not be received in hour. That as the above regulation that session, will unavoidably take up a large por. " Resolved, That it is the opinion tion of the time of the Lord Chancel- of this committee, that it is expedient lor, which would have been employed to order all the parties in the appeals in other judicial duties, as appears and writs of error, which may be defrom the statement contained in the ap- pending at the close of the present sespendix, of the periods during which sion in the House of Lords, to lay the the Lord Chancellor usually sits in prints of their cases upon the table of the court of Chancery, it is absolute- the house, before the end of the first ly necessary that some relief should be week in the next session of parliament, afforded to him in the discharge of in order that the house may be enabled such other judicial duties.
to form some judgement of the nature " Resolved, That it is the opinion of the cases which have been brought of this committee, not only that the before them; and that it should be an judicial business of the House of Lords order of the house that the prints in hath so increased as to require a great- all cases of appeals and writs of error er portion of the Lord Chancellor's should be hereafter laid upon the table of the house, within a time to be limit- arrear of causes shall be extinguished after such appeals and writs of er. ed.” ror have been presented.”
The Earl of Liverpool repeated his The Earl of Liverpool, after an able argument in favour of the resolution and perspicuous commentary on the as it now stood; and thought it would necessity of adopting measures for the be better to leave the point to the sub. more expeditious transaction of the ju. sequent discretion of the house, ac. dicial business of the house, and the 'cording to circumstances, as they were beneficial tendency of adopting the now guided in several other points of resolutions, recommended by the com- a nature nearly similar. mittee, moved their lordships to agree The question was then put' on an to the first resolution.
amendment, as suggested by Earl Grey, Earl Stanhope cordially agreed with which was negatived without a division. the noble secretary, that every thing The Earl of Liverpool then moved which tended to dispatch in such cases the adoptiop of the second resolution. was desirable ; but with the resolution The Earl of Lauderdale recurred as now proposed he could not agree. to his former argument, that the house It proceeded on a principle that a had not sufficient information before number of cases should be left or kept them, as to the business of the court untried. This, he thought was wrong, of Chancery, to warrant the adoption. as they should proceed until the whole The Lord Chancellor briefly obserarrear should be wiped off, instead of ved upon the vast increase of the num. “ considerably reduced,” as the reso. ber of appeals in that house since the lution had it ; and he should move to periods adverted to by the noble earl; amend it accordingly.
it was tenfold. The Earl of Liverpool reminded The Earl of Lauderdale, in reply, the noble earl, that the resolution re- contended, that the information requiferred only to appeals and writs of er- red was essentially necessary, to enaror. The house had other judicial ble the house to form a judgement of business to attend to, and which occu. the merits of the question. When pied a great portion of their lordships' Lord Loughborough presided in that time, as the cases of the Berkeley and house, there was only one year of apthe Banbury peerages this session am- peals in arrear, and yet they had no ply evinced. There must always, from information as to the state of the the nature of the thing, be some cases chancery business at that period. He remaining untried, and he thought it meant not to speak either in praise or would be preferable to leave the reso. depreciation of the conduct of any no. lution as it stood, when the arrear ble lord while in that situation. He should be considerably reduced, the only wished they should be informed house could decide on the most pre- as to the matter of fact. ferable mode of proceeding under the Earl Grey, referring to the increase 'circumstances.
of ballances in the hands of the ac. Earl Grey approved of the amend comptant-general, observed, that it ment. He thought they should pro- was no proof of the increase of the ge. ceed in the most expeditious way until neral business of the court of Chanthe whole arrear was extinguished ; cery. and that it would be proper to intro. Lord Liverpool's motion was adopt. duce into that part of the resolution, ed; as were the others founded on the instead of the present words, the fol. several resolutions of the Committee, lowing: « Until the then existing seriatim.
pounds weight of sterling silver to one FINANCA.
pound of sterling gold.
5. “ That by a statute of the 14th Mr Horner's Resolutions. year of the reign of his present majes
ty, subsequently revived and made per1. “ That the only money which petual by a statute of the 39th year of san be legally tendered in Great Bri- his reign, it is enacted, that no tender tain, for any sum above twelve-pence in payment of money made in the sil. in the whole, is made either of gold or ver coin of this realm, of any sum ex. silver ; and that the weight, standard, ceeding the sum of 25). at any one and denomination, at which any such time, shall be reputed in law, or allow. money is authorized to pass current, ed to be a legal tender, within Great is fixed, under his majesty's preroga- Britain or Ireland, for more than active, according to law.
cording to its value by weight, after 2. “ That since the 43d year of the the rate of 5s. 2d. for each ounce of reign of queen Elizabeth, the inden- silver. tures of his majesty's mint have uni- 6. “ That by a proclamation of the formly directed that all silver used for 16th year of the reign of his present coin should consist of 110%. 2dwts. of majesty, confirmed by several subsefine silver, and 18dwts. of alloy in each quent proclamations, it was ordered pound Troy : and that the said pound and directed, that if the weight of any Troy should be divided into 62 shil- guinea shall be less than 5dwts. 88rs. lings, or into other coins in that pro. such guinea shall cease to be a legal portion.
tender for the payment of any money 3. “ That since the 15th year of the within Great Britain or Ireland ; and reign of King Charles the Second, the so in the same proportion for any other indentures of his majesty's mint have gold coin. uniformly directed, that all gold used 7. “ That under these laws (which for coin, should consist of 110% of constitute the established policy of this pure gold and 10%. of alloy in each realm in regard to money,) no contract pound Troy; and that the said pound or undertaking for the payment of Troy should be divided and coined in. money, stipulated to be paid in pounds to 44 guineas and one half-guinea, or sterling, or in good and lawful money into other coins in that proportion. of Great Britain, can be legally satis.
4. “ That by a proclamation of the fied and discharged in gold coin, unless 4th year of the reign of King George the coin tendered shall weigh in the the First, it was ordered and directed, proportion of 20 parts of 5dwts. gers. that guineas and the several other gold standard gold for each pound sterling, coins therein named, should be current specified in the said contract; nor in at the rates and values then set upon silver coin, for a sum exceeding 251. them; viz. the guineas at the rate of unless such coin shall weigh in the pro21 shillings, and other gold coins in portion of zon of a pound Troy of the same proportion; thereby esta- standard silver for each pound sterling blishing, that the gold and silver coins specified in the contract. of the realm should be a legal tender *8." That the promissory notes of in all money payments, and a standard the bank of England are stipulations measure for ascertaining the value of to pay, on demand, the sum in pounds all contracts for the payment of money, sterling respectively specified in each. in the relative proportion of 15,284 of the said notes.
9. 6 That when it was enacted by 14.“ That during the continuance the authority of parliament, that the of the suspension of cash payments, it payment of the promissory notes of the is the duty of the directors of the bank bank of England in cash should for a of England to advert to the state of time be suspended, it was not the in- the foreign exchanges, as well as to tention of parliament that any altera- the price of bullion, with a view to re. tion whatsoever should take place in gulate the amount of their issues. the value of such promissory notes. 15. “ That the only certain and
10.“ That it appears, that the ac. adequate security to be provided, tual value of the promissory notes of against an excess of paper currency, the bank of England, (measuring such and for maintaining the relative value value by weight of standard gold and of the circulating medium of the realm, silver as aforesaid,) has been, for a con- is the legalconvertibility, upon demand, siderable period of time, and still is of all paper currency into lawful coin considerably less than what is establish- of the realm. ed by the laws of the realm to be the 16. “ That in order to revert gralegal tender in payment of any money dually to this security, and to enforce contract or stipulation.
meanwhile a due limitation of the pa11. " That the fall which has thus per of the bank of England, as well as taken place in the value of the pro. of all the other bank paper of the missory notes of the bank of England, country, it is expedient to amend the and in that of the country bank paper, act which suspends the cash payments which is exchangeable for it, has been of the bank, by altering the time till occasioned by too abundant issue of which the suspension shall continue, paper currency, both by the bank of from six months after the ratification England, and by the country banks; of a definitive treaty of peace, to that and that this excess has originated of two years from the present time.” from the want of that check and controul on the issues of the bank of England, which existed before the suspension of cash payments.
Mr Vansittart's Resolutions. . · 12. “ That it appears, that the ex. changes with foreign parts have for a 1. Resolved, " That the right of considerable period of time been un- establishing and regulating the legal favourable to this country, in an ex. money of this kingdom hath at all traordinary degree.
times been a royal prerogative, vested . 13. “ That, although the adverse in the sovereigns thereof, who have circumstances of our trade, together from time to time, exercised the same with the large amount of our military as they have seen fit, in changing such expenditure abroad, may have contri- legal money, or altering and varying buted to render our exchanges with the value, and enforcing or restraining the continent of Europe unfavourable, the circulation thereof by proclamayet the extraordinary degree in which tion, or in concurrence with the estates the exchanges have been depressed for of the realm by act of parliament: and so long a period, has been, in a great that such legal money cannot lawfully measure, occasioned by the deprecia. be defaced, melted down, or exported. tion which has taken place in the re. 2. “ That the promissory notes of lative value of the currency of this the governor and company of the bank country, as compared with the money of England are engagements to pay of foreign countries.
certain sums of money in the legal coin