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Article PARLIAMENTARY PROCEEDINGS. ← Page 5 of 12 →
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Parliamentary Proceedings.
winter so as to enable him to calculate the produce ; but he was well per" uuled tl at the numbers from that source would be considerable , and the class o 7 menverv useful . He had to add another regulation which had since occurred m him namclv , that the Mag istrates should be directed ffi take up all loose . id lisorderlv persons : audit , on examination , they should appear to av ^ no et led habi a ion or honest mbde of livelihood , that they should be empowered to deliver them up to the service of his Majesty ' s fleet . He declined " detail at litter opportunity for so doing
c ' r into anv further present , as a would present itself in the course of the bills which would be brought in , it the reso utions were agreed to . " He then moved four resolutions agreeab e to the headfof his plan , which were agreed to , and the Chairman ordered to move for leave to bring in a Bill on each resolution . 4 . The Chancellor of the Exchequer brought down a message fromhis Majesty , the substance of which was as follows :
" GEORGER , . " His Majesty thinks it proper to inform this House , that he has received assurances from the Emperor , of his disposition to make the strongest efforts against the common enemy in the ensuing campaign ; but lus Imperial Majesty sensible of his inability to carry this resolution into effect , is desirous of raisin" a loan on the credit of his hereditary dominions , - guaranteed by this country , to the extent of four millions , which would enable him to bring ' 00000 effective men into the field 10 co-operate . _> the common cause . His
-, , Majesty thinks , that a similar loan to a larger extent would enable his Imperial Ma estV to employ a greater force , and that if his resources were more extensive his efforts would be proportional )!} - more beneficial . Whatever temporary advances may have been made by this country to the Emperor . m the course of the last campaign , will be included in this estimate . " If -mv unforseen circumstances shall occur , which may render additional arhis will not fail to communicate them to
Parrangements necessary , Majesty liament and his Majesty relies with the utmost confidence on t . ie zeal of hu faithful Commons , in this conjuncture , that they will take such measures as . maybe most conducive to the interests of the country , and as may establish 011 a Secure and solid ground the peace and tranquillity ot Europe . " The Chancellor of the Exchequer moved , that this message be taken into consideration
To-morrow-Mr Hutsev conceived , from the nature of his Majesty ' s message , the contents'of which seemed alarming in the extreme , that a previous motion which he would preface with a few words , was necessary , The sums which had been expended in paying ihe Continental armies , in hiring foreign troops , in subsidizing foreign priiu-es , and in paying the captures' ol neutral vessels had drained this country of an immense quantity of specie . The loan wh ch H » to be iven to the he was afraid would increase that sum
proposed g Emperor , , to such an extent as to shake the credit of the country ; he therefore moved , " That the Governor and Deputy-Governor of the Bank of England be ordered to attend at the House To-morrow , as ihe most proper persons to give such information as might be necessary upon the discussion ol such an important subject . "
The Chancellor of tbe Exchequer opposed the motion : and 111 conclusion begged leave to guard Gentlemen from adopting certain principles which had been proved , bv long experience , to be manifestly erroneous , and which were entirely exploded ' by the eniighted policy of modern times . It was once falsely , imagined , that tiie exportation of specie always impoverished a country , but we have learnt , from experience and . observation , that it is the surest criterion ot its prosperity , and that a . contrary svstem of hoarding up specie has beggared tl . tions wliich , from their immense resources , might have vied with their most flourishing neighbours . He also observed , that if , by the proposed loan , 3 quantity of specie would be exported from this country , from the present stale
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Parliamentary Proceedings.
winter so as to enable him to calculate the produce ; but he was well per" uuled tl at the numbers from that source would be considerable , and the class o 7 menverv useful . He had to add another regulation which had since occurred m him namclv , that the Mag istrates should be directed ffi take up all loose . id lisorderlv persons : audit , on examination , they should appear to av ^ no et led habi a ion or honest mbde of livelihood , that they should be empowered to deliver them up to the service of his Majesty ' s fleet . He declined " detail at litter opportunity for so doing
c ' r into anv further present , as a would present itself in the course of the bills which would be brought in , it the reso utions were agreed to . " He then moved four resolutions agreeab e to the headfof his plan , which were agreed to , and the Chairman ordered to move for leave to bring in a Bill on each resolution . 4 . The Chancellor of the Exchequer brought down a message fromhis Majesty , the substance of which was as follows :
" GEORGER , . " His Majesty thinks it proper to inform this House , that he has received assurances from the Emperor , of his disposition to make the strongest efforts against the common enemy in the ensuing campaign ; but lus Imperial Majesty sensible of his inability to carry this resolution into effect , is desirous of raisin" a loan on the credit of his hereditary dominions , - guaranteed by this country , to the extent of four millions , which would enable him to bring ' 00000 effective men into the field 10 co-operate . _> the common cause . His
-, , Majesty thinks , that a similar loan to a larger extent would enable his Imperial Ma estV to employ a greater force , and that if his resources were more extensive his efforts would be proportional )!} - more beneficial . Whatever temporary advances may have been made by this country to the Emperor . m the course of the last campaign , will be included in this estimate . " If -mv unforseen circumstances shall occur , which may render additional arhis will not fail to communicate them to
Parrangements necessary , Majesty liament and his Majesty relies with the utmost confidence on t . ie zeal of hu faithful Commons , in this conjuncture , that they will take such measures as . maybe most conducive to the interests of the country , and as may establish 011 a Secure and solid ground the peace and tranquillity ot Europe . " The Chancellor of the Exchequer moved , that this message be taken into consideration
To-morrow-Mr Hutsev conceived , from the nature of his Majesty ' s message , the contents'of which seemed alarming in the extreme , that a previous motion which he would preface with a few words , was necessary , The sums which had been expended in paying ihe Continental armies , in hiring foreign troops , in subsidizing foreign priiu-es , and in paying the captures' ol neutral vessels had drained this country of an immense quantity of specie . The loan wh ch H » to be iven to the he was afraid would increase that sum
proposed g Emperor , , to such an extent as to shake the credit of the country ; he therefore moved , " That the Governor and Deputy-Governor of the Bank of England be ordered to attend at the House To-morrow , as ihe most proper persons to give such information as might be necessary upon the discussion ol such an important subject . "
The Chancellor of tbe Exchequer opposed the motion : and 111 conclusion begged leave to guard Gentlemen from adopting certain principles which had been proved , bv long experience , to be manifestly erroneous , and which were entirely exploded ' by the eniighted policy of modern times . It was once falsely , imagined , that tiie exportation of specie always impoverished a country , but we have learnt , from experience and . observation , that it is the surest criterion ot its prosperity , and that a . contrary svstem of hoarding up specie has beggared tl . tions wliich , from their immense resources , might have vied with their most flourishing neighbours . He also observed , that if , by the proposed loan , 3 quantity of specie would be exported from this country , from the present stale