is6} ANNUAL 
have now made you.” He would 
conclude with saying, that he had 
not had time to converse with se- 
yveral gentlemen, for whose autho- 
rity on such subjects he had high 
regard ;. but, in. meditating on the 
consequences of the measure, that 
morning, many horrible effects had 
presented themselves to his mind. 
"Che danger they had to apprehend 
from forgery was none of the least 
of the evils ; we shoud have the re- 
action of the blow we had struck at 
Franee; we had madeour base in- 
struments adepts in the science, and 
it was not to be expected, that they 
would suffer the opportunity to pass 
unimproved. Another evil-was, that 
of jobbing in bills and money. 
‘Adventurers of all descriptions 
would. start up; the precious me- 
tals would disappear, and every 
article would’bear two prices, one 
for money, and one for paper. 
Anorher, and a monstrous, evil 
would be, that it would open the 
door to unlimited expenditure, and 
we should have not merely the con, 
tinuance of the war, but all the 
frantic ‘and delusive expeditions, 
which were now projected, would 
be fatally put.into execution. He 
warned them against the folly of 
attempting the Spanish South-.Ame- 
yica possessions. In three or four 
years, they would fall away froin 
Spain themselves; a greater good 
<ould not be done to Spain, than to 
relieve them from the curse of these 
settlements, and make them an in- 
dustrious people like their neigh- 
bours, 
happen to England than to add 
them to our already overgrown 
possessions. He equally objected to 
our idle chimera of an expedition 
to Port Ferrajo, and to our disas- 
trous conquests in the West Indies. 
REGIS T ER, 
‘by making it a legal tender. 
A greater evil could not, 
1797. 
It was a clear candid proposition of 
peace, accompanied with a rigorgus. 
economy of expence, that could 
alone recover us from the shock 
that this order of council had given 
to public credit. 
‘Phe lord chancellor came from 
the woolsack to make a single ob- 
servation upon the latter part of 
what fell from the noble marquis. 
He had deprecated the idea of, 
forcing bank paper into circulation, 
He 
thought it just necessary to say, 
that it never entered into the con- 
templatiou of his majesty’s ministers 
to use any forcible means, It was 
impossible to say, in this stage of 
the business, what plan the wisdom 
of the legislature might devise, up- 
on the report*of the committee ; 
but he could take upon himself to 
say, that it never yet had been con- 
ceived, that it would be wise or 
prudent to make bank-notes a legal 
tender. 
The marquis of Lansdowne ex- 
pressed considerable satisfaction at 
the information imparted to him 
by the noble and Jearned lord on 
the woolsack, and said, he was ex- 
tremely happy to find such were 
the feelings and sentiments of mi- 
nisters, Had he known as much 
before he began his speech, itwonld 
have saved him, and the house, some- 
time. He flattered himself that, 
by lenient measures, and persuasive 
means, the good sense of the coun- 
try might be worked upon to pro= 
duce the happiest effects. 
The dukeof Bedford’samendment 
being rejected, by 78 against 12, the 
or iginal motion was carried without 
a division. " 
His majesty’s message, relative 
to the situation of the bank, became, 
on the same day, February 28, a 
; subject 
