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Article REPORT OF THE PROCEEDINGS OF THE BRITISH PARLIAMENT. ← Page 2 of 2 Article HOUSE OF COMMONS. Page 1 of 5 →
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Report Of The Proceedings Of The British Parliament.
The Marquis of Lansdown then rose , and in a speech of considerable lengtn ascribed our present calamitous state to several distinct causes . The first was . the amazing quantity of paper circulating through the kingdom ; the next the sending of such vast sums of cash and bullion abroad forwarlike purposes ; the next was the waste and profusion at home . Of this the Army Extraordinaries were a notable instance , an- ' he believed that the same prodigality prevailed in every department . To this shameful waste , and to the inability of the Minister , who iou ! d not calculate the year's expenditure wiihin ten millions , he attributed the difficulties of
the Bank . It might be wise to stop the run upon it ; but the consequence of forcing paper upon the public was worthy their Lordships consideration . Whenever this had been done , paper had immediately suffered a discount , which ultimately rained its circulation , and which none but a revolutionary government could withstand . After a few words from the Lord Chancellor , and from the Marquis of Lansdown . and Lord Grenville in reply , the Duke of Bedford's amendment was negatived : Non-Contents 78—Contents 12 .
Thursday , M ? rch 2 . The hearing of Counsel in the case of thc Earl of Errot against the Petition of the Earl of Lauderdale was deferred . The House proceeded to ballot for a Secret Committee to enquire into the affairs of the Bank of England . Friday , 3 . A petition was presented from Sir Godfrey Webster Vassal , praying for leave to bring in a Bill to divorce him from his now wife . —Ordered to lie on the table .
In a Committee , went through the East India Capil . nl Bill . Mr . Hobart and others , from the Commons , brought up the Mutinj * , and twa other Bills . Thc Royal Assent was given by Commission to the Bill for granting leave to the Bank and Bankers to issue Bills for sums under live pounds , and to six private Bills . The Commisioners were , the Lord Chancellor , Archbishop of Canterbury , and Lord Spencer . Lord Spencer gave notice that he should move a vote of thanks to Sir John
Jervis , and the officers under his command , for a brilliant victory obtained over the Spanish fleet , of which intelligence had that day arrived . Saturday 4 . The Bill to remove the penalties incurred by the Marquis of Lansdown , in voting in the House of Peers , without first taking the oaths prescribed by Law , was read a third time . The Bill impowering Bankers and Manufacturers to issue Notes under Five Pounds was read a first , second , and third time . Adjourned .
House Of Commons.
HOUSE OF COMMONS .
MONDAY February 27 , ( Continued . ) MR . Fox noticed Mr . Pitt's saying that a question had been asked him unfit to be put to a member of Parliament . But was the present crisis a time fora Minister to evade responsibility , by flying to the station of a private member of Parliament ? If the Dividend Warrants , continued Mr . Fox , are not paid in money , it amounts to nothing less than a positive act of national bankruptcy . Ha
then brought forward several powerful arguments in favour of Mr . Sheridan ' s motion , which , after thc Minis ' er had suspended all legal payments , went only to suspend illegal or concealed advances to continental powers . Money had been heretofore advanced in a secret anil illicit manner : at the close of last summer money had been exported without the consent of Parliament and contrary to the opinion of the Bank Directors . For the House , altei this , to confide in Ministers would be to desert their duty to the nation .
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Report Of The Proceedings Of The British Parliament.
The Marquis of Lansdown then rose , and in a speech of considerable lengtn ascribed our present calamitous state to several distinct causes . The first was . the amazing quantity of paper circulating through the kingdom ; the next the sending of such vast sums of cash and bullion abroad forwarlike purposes ; the next was the waste and profusion at home . Of this the Army Extraordinaries were a notable instance , an- ' he believed that the same prodigality prevailed in every department . To this shameful waste , and to the inability of the Minister , who iou ! d not calculate the year's expenditure wiihin ten millions , he attributed the difficulties of
the Bank . It might be wise to stop the run upon it ; but the consequence of forcing paper upon the public was worthy their Lordships consideration . Whenever this had been done , paper had immediately suffered a discount , which ultimately rained its circulation , and which none but a revolutionary government could withstand . After a few words from the Lord Chancellor , and from the Marquis of Lansdown . and Lord Grenville in reply , the Duke of Bedford's amendment was negatived : Non-Contents 78—Contents 12 .
Thursday , M ? rch 2 . The hearing of Counsel in the case of thc Earl of Errot against the Petition of the Earl of Lauderdale was deferred . The House proceeded to ballot for a Secret Committee to enquire into the affairs of the Bank of England . Friday , 3 . A petition was presented from Sir Godfrey Webster Vassal , praying for leave to bring in a Bill to divorce him from his now wife . —Ordered to lie on the table .
In a Committee , went through the East India Capil . nl Bill . Mr . Hobart and others , from the Commons , brought up the Mutinj * , and twa other Bills . Thc Royal Assent was given by Commission to the Bill for granting leave to the Bank and Bankers to issue Bills for sums under live pounds , and to six private Bills . The Commisioners were , the Lord Chancellor , Archbishop of Canterbury , and Lord Spencer . Lord Spencer gave notice that he should move a vote of thanks to Sir John
Jervis , and the officers under his command , for a brilliant victory obtained over the Spanish fleet , of which intelligence had that day arrived . Saturday 4 . The Bill to remove the penalties incurred by the Marquis of Lansdown , in voting in the House of Peers , without first taking the oaths prescribed by Law , was read a third time . The Bill impowering Bankers and Manufacturers to issue Notes under Five Pounds was read a first , second , and third time . Adjourned .
House Of Commons.
HOUSE OF COMMONS .
MONDAY February 27 , ( Continued . ) MR . Fox noticed Mr . Pitt's saying that a question had been asked him unfit to be put to a member of Parliament . But was the present crisis a time fora Minister to evade responsibility , by flying to the station of a private member of Parliament ? If the Dividend Warrants , continued Mr . Fox , are not paid in money , it amounts to nothing less than a positive act of national bankruptcy . Ha
then brought forward several powerful arguments in favour of Mr . Sheridan ' s motion , which , after thc Minis ' er had suspended all legal payments , went only to suspend illegal or concealed advances to continental powers . Money had been heretofore advanced in a secret anil illicit manner : at the close of last summer money had been exported without the consent of Parliament and contrary to the opinion of the Bank Directors . For the House , altei this , to confide in Ministers would be to desert their duty to the nation .