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sheriffs to poll and vote for said F. Pon- and still mayor of the said town of Galsonby; and the petitioners further shew way, although it was objected, that even that of the above number of 311 persons if in every other respect they were freewho were so permitted by said she men, that such qualification as freemen riffs to vote for said F. Ponsonby, divers was not valid within the act of parliament, persons were permitted to vote as freemen they not having qualified within six of the corporation of the town of Galway, months anterior to the teste of the writ of although such persons never were legally election; they further declared, that they admitted freemen of the said corporation, were so sworn by said D. B. Daly for the nor did there appear to be any sufficient purpose of voting for said F. Ponsonby on evidence of their having ever acted as free said election; and the most considerable men or done any corporale act, inasmuch part of the above number declared, at the as the only evidence of their admission as iime they were voting for said F. Ponfreemen was one of the corporation books, sonby, that they were ignorant of the by which it did not appear that any per name of the other candidate, although the son legally qualified vouched or certified said V. Blake now resides, and has since their admission, nor any evidence of their his birth resided, within the county of the having qualified as freemen, or taken the town of Galway; and the petitioners furoaths prescribed by the charter of the ther shew, as further evidence of their said corporation ; nor did there appear to being occasional voters, that 158 of the be any stamp or any document of their al- above number admitted, at such their time leged admission as freemen into said cor- of voting, that they, had all, on one and poration as prescribed by act of parlia. the same day, been entered upon the corment; and the petitioners further shew, poration books, as they alleged, and at a that the above number of persons were time when many of them were minors, not residents in Galway at the time of for the purpose, as they alleged, of being their alleged admission to the freedom of brought forward at some future day of the said corporation, nor did they ever re voting for the said D. B. Daly, or his noside therein; that the said number of per minees; that the petitioners further shew, sons were composed of the principal part that divers persons who voted for the said of the tenant peasantry of the right hon. hon. F. Ponsonby declared themselves Dennis Bowes Daly, of Dalystown, in the Roman Catholics, yet did not produce any county of Galway, the uncle-in-law of the legal document or certificate of their said F. Ponsonby, and his alleged repre having duly qualified themselves to vote sentative on the hustings at said election; as such Roman Catholics; and the petithat they were, for the most part, totally tioners further submit, that said oaths so illiterate, and incapable of speaking the administered were irregular, as not having English language, and admitted to their been made before one of the judges of his freedom, if at all, by several hundreds at Majesty's four courts in Dublin, or at the a time; that the petitioners shew that they quarter sessions of the peace in the county were occasional voters, made for the pur- where said Roman Catholics resided, none poses of election, contrary to the law of of them having ever resided within Galparliament; that a considerable part, if way; and further, inasmuch as no renot the whole number of said persons, de quest was made by said F. Ponsonby, the clared at the hustings, that they did not other candidate, to said sheriffs, to appoint
, recollect ever having exercised' any cor- magistrates to administer to Roman Cathoporate act as freemen, or had ever taken lics said oaths of qualification, nor did, in the oath prescribed to freemen, but had, fact, said sheriffs ever make such appointon the morning of the day of their voting, ment; and the petitioners further shew, or the day before, and after said election that the persons entitled to their freedoms had been commenced, been sworn by the in said corporation, under the Irish act of right hon. D. B. Daly in an adjoining 4 Geo. 1, c. 15, and under the charters of room which had been kept locked, and no said corporation, when duly qualified by person admitted to enter, save the said taking the oaths thereby prescribed, were persons about to be sworn, and one or two rejected by said sheriffs as persons not of the dependants of the said D. B. Daly; qualified under the above statutes and that they declared, when about to vote, charters, although they had, long anterior that they had been sworn in the aforesaid to the teste of the said writ, applied for manner before the said D. B. Daly as free
their freedom, and offered to qualify for men, said D. B. Daly being at that time same, but were repeatedly refused the op
portunity of so qualifying by the right table uses from granting long and improhon. D. B. Daly and those under his in- vident leases. Having adverted to the fluence; and ihe petitioners shew, that acts already passed to secure the due apthey are particularly aggrieved in this in propriation of donations for charitable purstance, because the several persons in this poses, he proceeded to observe, that it yet respect, to the number of nearly 30, remained for the legislature to adopt some declared at the hustings, that if they were measure, the object of which would be to admitted to vote, they would have voted prevent the trustees of donations, such as for V. Blake ; and the petitioners further he had described, from granting leases shew, that said sheriffs, at said election, of lands or other property, for terms, permitted to poll at said election for said which, in the common acceptation of the F. Ponsonby, four freeholders not duly word, might be considered improvident. qualified to vote, one of said freeholders What he called improvident, were those having agreed to sell and assign the whole leases which exceeded 14 years. of his freehold, and to give possession not his wish to meddle with any of those thereof in March Aext, without any re. leases which had hitherto been granted, servation, two whereof having no freehold nor did he mean to oppose the grant of whatever, and one who had not duly re. long leases, where the interest of the esgistered his alleged freehold; and the pe- tate required that such leases should be titioners further shew, that, in order that given, namely, where the estate was to the fullest evidence of the petitioners' ob be improved by building or otherwise, jections might appear on record, the pe- but to prevent any difficulty on this bead, titioners, and those concerned for them, re- he should introduce a clause into the Bill, quired that the objections of the petitioners empowering the bishop of the diocese, in to the voters who were unduly admitted, and which leases were to be granted, to decide the answers and admissions of said voters as to the length it might be expedient to for said F. Ponsonby, might be entered and grant them, and calling upon the trustees taken down by the sheriffs on the poll to make application to him before such book, which they uniformly refused to do; leases were granted. In all estates, where that the petitioners humbly shew, that, rack-rents were exacted, however, he by the several means aforesaid, the said should propose, that no lease should be F. Ponsonby obtained a colourable majo- granted for a longer period than for 14 rity over the said Valentine Blake; but years, and that where such leases were to that the said V. Blake had a very large be given, the circumstance should be made legal majority of votes in his favour on public, in order that a fair competition said poll over said F. Ponsonby; and might take place, so as to secure an that said sheriffs should and ought there. adequate price for the property to be fore to have declared the majority on said leased. These regulations he had no poll in favour of the said V. Blake, and to doubt would not only tend to the better have him declared duly elected, and to attainment of the objects for which chari. have made their return accordingly; table donations were left, but to the genewhereas the petitioners shew that they ral improvement of agriculture. The hon. made their return that said F. Ponsonby and learned gentleman having concluded was duly elected ; and praying the House by moving for leare to bring in his Bill, to take the petitioners' case into considera- the motion was agreed to, and the Bill tion, and to appoint a committee to try ordered to be brought in accordingly. the merits and validity of said election, according to law, and grant the peti- GOLD COIN Bill.] The Chancellor of tioners such relief in the premises as the the Exchequer moved the order of the day, House shall deem proper.
for the second reading of the Bill to conOrdered to be taken into consideration tinue an Act of the last session of parlia. on the 11th of February next, at the same ment, for making more effectual provision time that the Petition of Valentine Blake, for preventing the current Gold Coin of esq. is ordered to be taken into considera- the realm from being paid or accepted for tion.
a greater value than the current value of
such coin; for preventing any note or Charitable Estates Bill.) Mr. Lock-bill of the governor and company of the kart rose, in pursuance of his notice, 10 Bank of England, or of the governor and move for leave to bring in a Bill to pre- company of the Bank of Ireland, from vent the trustees of Estates given for Chari- being received for any smaller sum than
the sum therein specified; and for stay. I back the currency to its proper standard, ing proceedings upon any distress by ten by constraining the Bank of England to der of such notes.
resume payments in specie within two Mr. Whitbread moved, that the 2d and years; but, in the mean time the right 3d of the Resolutions which, upon the bon. the Chancellor of the Exchequer pro14th of May 1811, were reported from the posed, as a nostrum, what had been read Committee of the whole House, to whom by the clerk, at the suggestion of his hon. it was referred to consider further of the friend, and wbich went to establish the Report which, upon the 8th of June 1810, monstrous proposition, that a pound note was made from the Select Committee ap- and a shilling were equal to one pound pointed to enquire into the high price of one in gold. Since that period, gold had Gold Bullion, and which were then agreed been sold at 41. 145. an ounce, which was to by the House.
a depreciation of 20 per cent. A noble The Resolutions were accordingly read, lord (King) then took a resolution to conand are as follow :
fute the doctrine held out in the resolu“ 2. Resolved, That the Promissory tions by compelling his tenants to pay Notes of the governor and company of the their rents in gold, when a law was passed Bank of England, are engagements to pay to prevent it. This law was temporary, certain sums of money in the legal coin and bad been once renewed, and would of this kingdom; and that, for more than expire in February next; it, therefore, a century past, the said governor and became necessary to know the price of company were at all times ready to dis- gold at this period before they renewed charge such Promissory Notes in legal the law. The right hon. gentleman had
| coin of the realm, until restrained from so come to his resolutions when there was a doing, on the 25th of February 1797, by depreciation of 20 per cent. and he now an order of council, confirmed by act of came lo renew the law when the price of parliament.
gold in the market this day was 51. 58. an “ 3. Resolved, That the Promissory ounce, being a depreciation of 35 per cent! Notes of the said company bave hitherto and yet the right hon. gentleman gravely been, and are at this time, held in public introduced the Bill, and seemed surprised estimation to be equivalent to the legal that it should provoke any discussion. But coin of the realm, and generally accepted did the right' hon. gentleman really beas such in all pecuniary transactions to lieve that paper and gold were of the which such coin is lawfully applicable." same value, or that the law had succeeded
Mr. Crecvey said, that it was impossible in making them so ? He could not think for him to allow this Bill to be read a se- so; but if this monstrous law was repealcond time without entering his protest ed, gold and paper would find their reagainst it, viewing it as he did, as a Bill of spective value, and no want of the former the greatest atrocity. (Cries of hear, and would remain. From what had been a laugh.) He repeated the term atrocity, said the other evening relative to the for he knew of none which was more apo offer of 27,000 guineas to government, plicable to it. He was sure the House it was likely that the eyes of the right would be unwilling to enter into a lengthhon. gentleman were opened a little to the ened discussion on the Bullion Question, difference between paper and gold.--He but be only wished to state shortly his ob. had lately accompanied a friend of his jections to this fatal Bill, which originated to a shop, for the purpose of disposout of the Report of the Bullion Commit- ing of some light guineas, and the price tee, who had been appointed for the pur- his friend was offered was 11. 78. 2d. for pose of inquiring into the causes of the his light guineas. Would the right hon. high price of gold. That Committee gentleman, then, contend, that the owner stated that the market price was 4l. 10s. an of good guineas was not injured by the ounce, while the standard price was 31. 178. operation of this law, for if he took them 10d. and that the amount of the deprecia. to market he must lose seven shillings in tion of the currency was 15 per cent. In the sale of them? What, then, must he consequence of this statement a distinguish- do with his gold? If he boarded it, it beed member of the last parliament (Mr. came unproductive; if he clipped it, he Horner), who had also been chairman of was subjected to the penalties of the Clip. the Bollion Committee, endeavoured to ping Act; and if he came forward and induce the House to adopt a series of re- demanded the fair value, the right hon. solutions, in which he proposed to bring the Chancellor of the Exchequer would (VOL. XXIV.)
come down upon him with the terrors of wbich took from lessors the power of disfine and imprisonment. Was there ever | iraining for rent after tender made of Bank then such a 'violation of the right of pro. of England notes. The only effect of the perty? And what advantage resulted first part would be to increase boarding, from it? Was the state benefited ? only or perjury and crime, and that of the se so far as it enabled them to pay their cre- cond to reduce the lessors of lands to the ditors in depreciated currency ; but in all same state with the public annuitants. cases of public expenditure the state suf- Que observation made by his hon. friend, fered as much as the private individual. he could not concur in. If the Bank of As for all the great public creditors, they England were onconnected with governwere in the same situation-they lost 35 ment they would be able to answer all deper cent. or one third of their property. mands on them. He certainly was asto Thus the public, the annuitant, the public nished at the little knowledge of the subcreditor were losing—and who were the ject shown by the gentlemen of the Bank, gainers? He knew of none, except the who had been examined before the Bullion Bank of England. The directors of that Committee, but be was assured that if company were told in 1797, that they they had not been swayed by government, might defraud their creditors; and in 1911, but had been left to follow their own bias, they were again told, that they might go they would have acted in a manner con. on in the same system. They exported sistent with the welfare of the country, coin, and as it disappeared paper became He concluded by saying, that he should depreciated. What check was there, be unwilling, that the Bill should be then, on the discretion of the Bank? pressed through the House at any time, These gentlemen, when examined before but especially at the present. the Bullion Committee, had confessed, The Chancellor of the Exchequer said, be that in regulating their issues they never had no intention of preserving any disrelooked to the price of gold, or to the course spectful silence on a question of such of exchange, and that so long as a bill great magnitude; but he had been dewas brought to them with a good name sirous of hearing to what particular view of at its back, they would issue to any ex- it the observations of members might be ditent. This was the theory of these gen- rected before he answered any general or tlemen ; what was their practice? They partial objections. He was apprehensive, had divided six millions'in bonusses, 'be. Otherwise, of being drawn into a prolixity sides increasing their interest from seven which might not only be tedious, but un. 10 eleven per cent. The danger from de necessary, after the long and reiterated preciation being such on this account, be discussions which this suðject bad undersides the danger from a shock of public gone. He now saw, that the favourite confidence, it became the House to take view taken was, the practical one, and to time for consideration, to reflect whether this, therefore, he should chiefly confine it would not be beller for them to retrace himself. The question of depreciation their steps than to proceed. The time had been entertained, he wished the House also at which the Bill was brought forward, to remember, at a period considerably was objectionable. Half the members earlier than the appointment of the Bullion were not present, and of those who were, Committee. In 1807 it had been argued a greater proportion were new than had in the other House of Parliament by lord ever been known before. As it was im. King, and the same arguments then urged proper at such a time for the House to by him, were afterwards brought forward pledge itself to continue this act, and as it more amply by the Bullion Committee. In did not expire till the end of February, be the year 1811 the same noble person bad should move that the Bill be read a second thought proper to adopt a proceeding time on the 3d of February.
which made it appear to parliament ne Mr. Brand said, he was extremely cessary to pass that act which it was the anxious to hear what the right hon. the object of the present Bill to renew. It was Chancellor of the Exchequer had to say not his desire to attribute to that noble on the present occasion. The hon. gen. individual any unworthy motive for this tleman ihen objected to two parts of the conduct; on the contrary, his persuasjon Bill ; first, that which in pursuance of the was, that the noble Jard was only desirous ridiculous resolution of the Chancellor of of confuting him (the Chancellor of the the Exchequer, made the bank paper Eschequer) and of furnishing a practical equal to gold; and second, to that part, example of the correctness of his owa theory. They had also the evidence of a Europe, or we must, for the present, have Mr. Monck on the same side of the ques- continued the bank restrictions. Happily tion, who said he would not accept of Bank for our character, honour, and greatness, of England paper at the same rate of value the latter alternative had been adopted. as gold. The reason of which was ob- -The right hon. gentleman then went vious: Mr. Monck was a coiner of local into a justification of his resolution retokens, and for his purposes, gold or silver corded last session, and contended that was much more useful than paper. With the paper of the Bank of England was, for regard to the practical question, he put it all legal purposes, equivalent to coin : to any one of the Bullion Committee to though certainly not so to those who say if it would be wise to cause the Bank wished 10 melt it dowíı, or make it the subto resume its payments in specie at this ject of foreign trade, which, however, was, period; and if not, would it be expedient and had long been, contrary to the laws to pass a law, as they had formerly pro of the land. Could it bave been possible posed, to fix the resumption of cash pay. to enforce these penal laws vigilantly and ments at any specific time, the circum- perfectly, gold would have had no other stances of which they could not foresee? | valvothan paper of the same denomination, He had at that time pointed out to the and the only difference between them was, satisfaction of the majority of the House, that the one could be converted into that similar rises in the price of the precious bullion, the other could not. The ano. metals had taken place when there was no maly of light guineas had been much ani. paper currency at all, and when there was madverted on, but this was no new case ; a paper currency convertible into its now there were abundant instances in our hisa minal value in money. This proved tory, of light guineas being more valuable that the rise did not depend on the than standard coin, long before the Bank depreciation of the paper currency. It restriction was ever thought of. · The was true, as asserted on the other side, that enormous profits of the Bank had also gold had advanced in price within the last been dwelt upon : to this he would bear year, and the argument they would draw testimony, that the Bank was an unwilling from this was, that the circulation of paper party to those measures whence the profits had increased, and consequently its worth accrued, and which were forced upon it diminished. Now the case was not so, by the government of the country. The and this fact afforded another argument in Bank had ever evinced a desire to be reconfirmation of the fallacy of their rea, leased from these restrictions, and the soning. For his part, he found a sufficient preparations it made for resuming paycause for the rise of gold in the vast aug. ments in specie were a sufficient proof of mentation of our foreign expenditure: and its readiness so to do, when it could be still more in the total interruption of the permitted consistently with the public supplies of the precious metals from South good. The practical question now was, America, which in itself was sufficient to whether the period had arrived, when account for the advance upon those metals they could give up the safeguards that had in the market. The circumstances of the been imposed for the preservation of our present year were also somewhat remark. metallic currency, and to protect the pubable. After the debates of last session the lic generally from individual vexation and price of bullion remained for some time oppression ? All that the public wanted pretty steady ; but of late it had risen was to go on quietly with the currency suddenly to the extent stated by the hon. they were used to; but this, it was in the gentleman opposite. It had so risen on power of any one to disturb, unless the the opening of the intercourse with Russia, present law was passed to protect debtors whence an excessive demand had occa- from the exaction of payments in a mesioned a similar rise all over Europe. dium, which it was out of their power to The nostrum of the Bullion Committee obtain. The act had arisen out of the was to resume payments in cash; but provocation of one individual, but for where was it to be got? The mines of whom they might have been quiet yet, America were stopped, and the balance of and the necessity for the law never have trade was against us with every other been raised. It was now indispensible country. It appeared then, that we must to protect the subject from grievous opeither bave sacrificed our political pros- pression: and he submitted that there pects, withdrawn our army from the con- were stronger reasons for its continuance tinent, and have surrendered the hopes of than even for its being originally passed.