to Liverpool, have cried out case, been able to make out the against the immorality of the sug-proof from the reason of the gestion. Now, can it be immoral thing. But, there was one fact, to do that, which would be in- a mere detached fact, at which I tended to put an end for ever to could guess only: naniely, the the most diabolical and most ex- quantity of real money, which the tensive frauds that the world ever Bank-fellows had in their possesheard of? Can it be immoral to sion. I said it could be but very destroy, without any possible sel- small. A mere nothing when comfish motive, the most corrupt and pared with the amount of the pacruel system that the world ever per. But, still, I had no proof as saw in existence? Can it be im to what it might be. I had no moral to restore the people to fact, no acknowledged fact to go their rights? Can it be immoral on. The Bank fellows have, for to remove the cause of starva-years, been saying, that they are tion, robbery, and hanging? It is able pay; nay, that they wish to not immoral, I suppose, to cheat half a county out of a quarter part of its property by the means of paper-fictions. These hypocrites, who are continually canting about the immorality of the puff out, are not aware of its effects; or, if they be, they are our worst enemies. Indeed, they are little short of this: their address to the fallen Baronet, after all the proofs of his base double dealing, clearly proves what they are.

In what light the English en gravers will view Mr. PERKINS I know not; but as to his patentnotes, they are imitated here with great success. The English engravers may be bunglers, but those on this side of the water are not. Therefore, against the puffout, he can do nothing.

pay. This, of course, argued the possession of real money to a great amount. It was false; it was a base lie; but there were persons to believe it.

The lie is now exposed, and completely exposed, by the Bill to protect to the Bank against paying specie ever for fractional suns under five pounds, in payment of the dividends, and to protect it against demands of specie pay

ments of its old notes. This new:

protecting Bill was produced by the danger of a run, which the grand measure of five years further protection was expected to produce.

Let us see the progress of the thing. I will, by-and-by, speak of the five years' protection; but, at present, I will confine myself As to the new Bank-Stoppage to the Fraction Bill, which passed, Bill, it is only a proof of the corso quickly, and which, by enabling, the Bank to do without any real rectness of a conjecture of mine. I have proved that the Bank can-able it, and induce it, to pay all, money at all, was intended to ennot pay in specie. I have, in this its notes in real money !

called me forth, with my references to my former predictions, once every year. Therefore, the thing was now to be done for ever; and, as in all cases when some ex

For many years past there has been a talk about paying. It must be obvious to every one, that the Borough villains depend solely upon the passing of the BankMoney, not only for the continu-traordinarily foolish, or wicked, ance of their usurped power, but for the possession of their estates, and, since the commission of their late horrible acts, for, in certain flagrant cases, their very lives. It is equally evident, that the passing of the Bank Paper must depend upon opinion; and that that opinion must be, that the Bank has, at bottom, the means of paying; though, for certain reasons, not easily stated, it does not

now pay.

thing is about to be done, Grand Committees were appointed to frame the scheme, and make what is called a Report! These Reports are neither more nor less than the very words, which the active instruments of the Borough. mongers have, long before, agreed on, and put upon paper. But, notwithstanding all the exposures that have taken place, there is a considerable part of the people, who attach importance to these Reports of Committees. It is the base part, indeed, and the foolish part; but it is the part who are chiefly interested in the papermoney.

While the war lasted, it was easy to dupe a credulous people into the belief, that the non-payment was a matter of policy, and not of necessity. But, when the war was over, it was difficult to find a lie The thing having been prepared, sufficiently plausible, for deferring in due form; all being got ready; payment any longer. The genius the Grand Committees meet.of lying, however, supplied the They are to inquire into the whole vagabonds with pretexts from of the Bank's affairs. They are not year to year, from 1814 to 1818. to blink things any longer. Oh, But, the last lie; that is the no! all is now to be inquired French and Prussian Loans, seemed into; and, in order that all may to be the bottom of the budget; be publickly known, the Comespecially after my letters to mittees are to be selected by the TIERNEY and those to you, of Ministers; and, the members are last summer. These so completely to be bound to secrecy. They are exposed the cheats, that they were to inquire into every thing recompelled to deviate from the lating to this grand matter. And, usual annual track. These annual upon their formal and solemn Rediscussions and renewals were ports, the Houses, the hereditary troublesome. They revived the legislators, and that other famed matter. They kept it alive three assembly, are to proceed to make months out of every twelve. They laws, relative to the matter.

tence, that it is necessary, in order to enable theBank the more safely and easily to pay all its notes ! What an impudent, and yet what a stupid thing! If a man owed a sum of money, and, observe, had no means of augmenting it by trade, or otherwise (for this is the case with the Bank), and was daily paying off small parts of the sum; if such were the case with a private person, what would you think of his proposing to stop paying those small parts, in order to enable himself the sooner to pay

Having been assembled a due people from receiving even this length of time, the Committees little trifle of gold! What an are prepared to make their Re-impudent thing! What a thing ports. Their business is to sanc- to be done, too, under the pretion a proposition, which, in the opinion of every man of sense, must say, that the payment is never to take place. Having this Report ready to bring forth, they see clearly, that every one who can possibly get a bit of gold or silver from the Bank will run and get it. The Bank, in order to keep up the sham of having some real money, and of paying in specie, pays the fractional parts of five pounds (in payments of interest of the Debt) in specie. They, in order to deceive the world into a belief, that they are returning to specie-pay-off the whole? You would, to be ments, say they will pay in specie all their notes of a date prior to 1817. Thus a little gold is to be had at their shop; and this intended to tempt people to confide in them.

These two out-lets of specie are not great. Indeed, they are very insignificant; especially as people have still an opinion, that the Bank has real money. But, it is foreseen, that when the fact shall be proclaimed, that the Bank is not to pay in specie for five years yet to come, people will bring in the old notes for pay ment, and will insist upon having the fractions in gold.

Foreseeing this, the Committees come, before they make their grand Reports, and recommend to the Houses to pass a law (there is nothing like a law) to prevent

sure, say that he was a most im pudent cheat; and that he meant never to pay one single farthing any more. This is what every man in his senses would say, if the cheat stopped there; but, what would be said, in addition, if the cheat had the audacity to alledge, as a reason for his conduct, that he now refused to pay fractions, in order to be able to pay the whole sum?

jure their plan for paying them. The devil it may! What, I have a guinea and a shilling in my pocket, and the paying away of the shilling will tend to disable me for paying the guinea! Well, then, the Bank have not the gold to pay in full swing now. Let us see how this will work. They have it not. How are they to get

The fact is, that the Bank has no real money worth speaking of. It could not have a quarter part of its old notes, if they had been poured in. All the accounts, which it presents to the wiseacres, and which the hole-digging philosophers send forth to the world, are such what the Bank chooses to make them. But, only think of the folly of giving any belief to such accounts?

What,

That

it? There is no possible way to augment any quantity of gold that they may have, except by pur-here are a body of men, whose chasing it with notes; and, how is very lives depend on the passing such purchase to enable them to of certain bits of paper. pay the notes already out, and passing depends on the belief that also the notes wherewith they the paper is good. The less there purchase the gold? What, then, is of it, the better it is. You ask can they do to increase their abi-them what is its amount; you lity to pay? Do they expect that have no means of coming at the the fractional sums, by being re- truth; you cannot detect them, if tained, will become integers; as they tell you lies: they have the spawn grow into fish; or, rather, most powerful motives by which as offsets of tulips grow into bulbs. men were ever actuated to tell The rogues are old indeed, and you a lie; and yet you argue and roguery, in its dotage, may take pass laws upon their account as if the saying, “money makes moit was a thing indubitably true! ney," "in a strictly literal sense; -These accounts, as they call and may, in good earnest, expect them, are made up for occasion; these fractions to breed. "Take fitted to the end that they have to care of the pennies," said the mi-answer: hatched for the nonce, ser; "for the shillings and gui- though the old pensioned slave, "neas will take care of them-Johnson, says the word is obso"selves."

Ridiculous as the idea may be, that guineas procreate and produce their like, I defy any man living to show me how, in any other way, the preserving of the fractions is to tend to enable the Bank to pay the integers, seeing that the Bank owas both fractions and integers.

lete. It is a good word, and a word peculiarly well adapted to the present case. And these things are to be looked upon as proofs for a Legislature to proceed upon in the passing of laws! These documents, to which an ideot would not give credit, are to satisfy the nation, that all is right;

and that the Bank is amply able to pay!

The story about the six millions, which it is pretended the Bank has lately issued in gold, deserves not the smallest degree of credit. The whole of the pretended accounts and proofs is a tissue of impudent falshoods. We have nobody to swear this; we cannot produce witnesses to prove it. But, as in many cases of life and death charges, we know the fact from circumstances; and, well-connected circumstances are the best of evidence.

In the first place, we have no evidence to prove the truth of the accounts. It is the story of persons telling their own story. They know that we have no means of detecting any falshoods that they may utter. It is their interest, their great and deep interest, to present false accounts. They are persons, whom we know to have acted a false and clandestine part with the prime deceiver, Pitt. Their accounts are at open variance with the means they resort to for protection. They tell us, that they have ample means to pay, while they call for laws to protect them from paying. They pretend, that they can pay about thirty millions, while they call for a law to protect them against a call for half a million. Such are the circumstances; and, under such circumstances, no rational being can believe any part of their accounts to be true.

Shoy-hoys have been not to meet this racing bill, this fraction bill, with a negative vote! What paltry, what inefficient wretches! Could they not, in the shape of resolutions, have met this rascally, this ridiculous, part of the grand cheat? Is there a man in the kingdom, who can believe, that nothing could be done upon such an occasion? Good God! What mischief has the Shoy-hoy, Burdett done? How he has kept me at half, or quarter, speed, for years and years! I have, ever since the year 1809, been kept in this state by this man.

Hundreds have been the occasions, when the paper infamy might have received hard, if not mortal, blows in parliament, where the blows would have told so well. I was ready, daily, to show how those blows might have been dealt; but, then, there was our cock, who never attempted to deal them and this, our cock, was to be upheld, and, of course, not censured, even by implication.

What an irri

tating, what a tantalizing state to be in! And, what a happiness to be freed from it! ST. PACOmo was always just as much to blame as any other man in the House, upon this score; but, we could not say so, without giving up our hopes of his doing us good at one time or another. The hope was vain; it was foolish; but we entertained it, and acted upon it. If it had not been forthis vain hope, the nation would They say they have gold, and have been, as to this great matter some they, doubtless, have; but, particularly, enlightened much they are not, and never will be, sooner than it was. I should have able to pay a sixpence in the done, long ago, what I have lately pound. This is my fixed opinion; done, and what I shall now more and this opinion every circum-methodically do; that is, show stance that has occurred tends to what might have been done by a confirm. member of parliament.

But, what paltry dogs must the

Lagree, that no one man, and

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