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nt for the improvement of Ireland, and that his majesty had the satisfaction of acquainting the peers and members assembled, that the industry of that part of the United Kingdom was in the course of a gradual and general advancement; an advancement mainly attributable to the tranquillity which now prevailed in that country. The addresses in both houses passed without any serious opposition, although much discussion took place on every topic on which the speech touched, and on some to which it made no allusion. In the upper house Lord King, after ascribing the pecuniary embarrassments to over-issues of paper money by the Bank of England, attacked the corn-laws, and urged the necessity of a complete alteration in them. He moved an amendment to the address, pledging the house to revise the corn-laws in this session; but this proposal was resisted as too precipitate, and the amendment was negatived without a division. The principal object of Lord King, however, and of other peers who spoke on the occasion, was to elicit from the minister some general description of the measures alluded to in the speech, as likely to be proposed for the purpose of preventing future pecuniary embarrassments. Lord Liverpool, in gratifying them, attributed the embarrassments to the mad spirit of speculation which had existed for the last two years; a spirit doubly mischievous, because it had affected the issues of the country banks to such a degree that they had increased in a far higher proportion than those of the Bank of England. He showed that in the course of the last two years the issues of the country banks had increased from four to eight millions. The correctives government intended to apply were to prohibit the circulation, after a certain period, of notes under L2, whether issued by the Bank of England, or by any private banker; to increase the stability of private banks by enabling them to augment their capital; and to repeal that clause in the charter of the Bank of England which rendered it unlawful for any private banking establishment to consist of more than six partners. In the commons, on the occasion of the debate on the address, Mr. Brougham stated that he believed that the distress now existing proceeded from causes much more complicated than those to which the speech ascribed to it. He believed it to be universal; and he took occasion to combat the opinion of those who derived it from the late introduction of more liberal pr
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