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your farm, and for me to be sitting in half-face that of an ass. Such, to him, your seat. If I had been in that seat in would be the effect of following your the year 1819, Peel's 'Bill never could advice. He knows this himself very have passed ; people talk about cough- well ; and, therefore, were there no ing down: people talk about not being other reason for his rejecting that adattended to: I have no notion of such vice, this would be sufficient. I have a thing: you and your mates might always thought that he would adhere have voted the viscera out of your to this measure, and I have the hapbodies; but, if I had been there; if 1 piness to think so still. had been in the room, as Burdett used But even upon the monstrous supto call it, though, if he used to speak position (which, observe, I do not entruth, the hours might have been late, tertain) that he were regardless of conand the company bud: if I had been in sequences like these to his character ; that room, that bill never could have a supposition which I put, observe,merepassed. I am glad I was not ; for now ly for the sake of the argument, deemthe nation has before it the works of ing it utterly impossible, that a man so your hands. It has before it, behind it, famed should doom himself to eternal and in the very heart of it, the proof of disgrace; should make his name a bywhat can be done by an unreformed word, and, as such, and only as such, Parliament; by a system of election recollected, after his death : suppose, such as that which has existed for so however, for the argument's sake, that many years; and by a septennial Par- he was dead as a door nail to all feelliament. To return to the Duke of ings of shaine and of character, and was Wellington, you talk about relief to content to strut about in stars and garothers; but what relief could he get ters, pointed at as the fool par excelwere he to commit the enormous incon- lence ; proceeding upon the monstrous sistency and folly of returning to a spposition, still. I say, that he cannot small paper-money? In the first place, follow your advice, however plastered all that loss of character which I have over your paper-scheme may be by above described : the dictionary would pretended guarantees and securities for be hunted for synonymes of contempt to its safety. be heaped upon him ; mean, dastardly, Some time before I left London, I resilly, empty, shuffling, trimming, pal- ceived a book written by a Mr. TAYLOR, tering: these would be amongst the of BAKEWELL; and I understand that epithets which would for ever remain Bakewell is in this county of Derby. I associated with his name. The very do not know who or what Mr. TAYLOR boys would point at him, and be ready is; but he writes smoothly enough, and to spit at him as he went along the is a great apostle of perpetual paperstreets: he would have presents of money. His scheme is, that the Bank night-caps from the French ; in the of England only shall issue the papercaricatures, his ducal coronet would money; that the paper-money shall be give place to a cap and bells : idiot circulated by the country banks and b would be his motto: in short, I have the branch banks, accorcling to the plan never read or heard of a public man in of Mr. Horsley Palmer, which was any nation in the world, who, as an ob- published in 1827; that this paper shall ject of reproach and contempt mixed be a legal tender in the payment of taxtogether, and both in so extreme a de- es also, at the country banks and branch gree, as the reproach and contempt banks, and in the transactions between which would, in this case, be affixed to man and man; that the holders of the him for his life. If some one were to paper shall, however, have a right to deexhibit him in imitation of the Clerical mand gold in exchange for it at the Magistrate in The House that Jack Built, Bank of England itself ; at the motherwhich was published in the year 1819, bank in Threadneedle Street, London ; he would be exhibited as having the but (and here is the cream of the thing!) dall-face of a greedy wolf, and the other shall not have a right to demand gold in

1

exchange at the present standard rate of your first letter, and I shall só treat the £3 178. 104d. an ounce; but that the second ; and insert, also, the representaBank shall proclaim, from time to time, tion of the Grand Jury of the county of the rate at which it will be ready to ex. Kent. These gentlemen point out no change its notes for gold; and that rate remedy at all; they do not even allude is to be fixed according to the market to any remedy; they complain of the price of gold as compared with the pa- distress in which their tenants and per; so that you may sometimes get an labourers are involved; but they leave ounce of gold for four pounds in paper, the remedy to the Government; a thing or less, and sometimes you may be which I should not have done. They obliged to give ten pounds in paper for well understand the cause of their sufthe ounce of gold. This would be a fering, and they were of weight suffipretty thing; and, above all things, a cient to demand that cause; they, at pretty standard of value! The word any rate, might have pointed out the standard means a thing which is fixed, nieasures which ought to have been as to its dimensions, capacity, or weight. adopted ; but I am afraid that they, Mr. Taylor's standard is to be subject like you, sigh for a return of the misto everlasting variations : it is, in short, chievous paper, and vainly imagine, to be no standard at all; and, in such a that by a patching-up of this sort, the case, there can be no guarantee, no se- terrible evils of the present day may be curity. The paper would depreciate as got over, and that the greater evils heretofore ; the gold would leave the which threaten may be prevented. As country in the same way as formerly: easy would it be to restore your hair to panics would come, confusion would the colour wbich it bore forty years ago, arise, and an overthrow of property as to prevent final convulsion if we once would be the end.

more come to a depreciated paperFrom your letters, where you talk a- money.

It is somewhat depreciated bout gnarantees and security for the pa- now, and will be as long as a five-pound per, I should imagine that you had been note shall exist in the country. This taking a leaf out of Mr. Taylor's book; debased organ of exchange is gradually and I am really inclined to think that disappearing; it will totally disappear this has been the case : but this slight at the end of about two years from this disguise will hardly deceive the Duxe time; the depression will go on inof WELLINGTON. You flatter him by creasing until the hour of the disapexpressly saying that you do not want pearance of these things; and, unless the salaries to be reduced. He will like the taxes be reduced much more than this; and his colleagues will think you one half in their present amount, a state a fine gentleman ; and all the court la: of things will arise such as was never dies, finding that you wish to leave all dreamed of even by the most sensitive the places and sinecures and grants, and alarmist. What I am now writing I to leave all their numerous tribes of pro- wish to be remembered; but it will be tegés untouched, will say that you are a remembered whether I wish it or not. very nice man. But the Duke of Wel. You have changed your views of this LINGTON will soon discover that there is matter three several times. In 1816, no safety in the paper project; he will you ascribed the distress to a surplus discover that convulsion must come at produce, and obtained a sort of supplelast, and that that convulsion may arrive mentary act to the corn-law, which Fery soon ; and I trust that he will, be supplementary act imposed additional fore it be too late, place us in a state of duties upon foreign seeds. In 1822, safety by a return to the taxes which ex- you ascribed the distress to a rise in the isted before the war.

value of money, and proposed to lower 1, Sir, do not treat you as you treat the value of the coin. In 1829, you me: I not only name you, but give proposed a new and large issue of paper, your publications, to my readers, and as the proper remedy for the distress. put them upon record. I so treated Having thus changed; having ascribed

your farm, and for me to be sitting in half-face that of an ass. Such, to him, your seat. If I had been in that seat in would be the effect of following your the year 1819, Peel's 'Bill never could advice. He knows this himself very have passed ; people talk about cough- well ; and, therefore, were there no ing down: people talk about not being other reason for his rejecting that adattended to : I have no notion of such vice, this would be sufficient. I have a thing : you and your mates might always thought that he would adhere have voted the viscera out of your to this measure, and I have the hapbodies ; but, if I had been there; if 1 piness to think so still. had been in the room, as Burdett used But even upon the monstrous supto call it, though, if he used to speak position (which, observe, I do not entruth, the hours might have been late, tertain) that he were regardless of conand the company bud: if I had been in sequences like these to his character ; that room, that bill never could have a supposition which I put, observe, merepassed. I am glad I was not ; for now ly for the sake of the argument, deemo the nation has before it the works of ing it utterly impossible, that a man so your hands. It has before it, behind it, famed should doom himself to eternal and in the very heart of it, the proof of disgrace; should make his name a bywhat can be done by an unreformed word, and, as such, and only as such, Parliament; by a system of election recollected, after his death : suppose, such as that which has existed for so however, for the argument's sake, that many years; and by a septennial Par- he was dead as a door nail to all feelliament. To return to the Duke of ings of shaine and of character, and was Wellington, you talk about relief to content to strut about in stars and garothers; but what relief could he get ters, pointed at as the fool par excel. were he to commit the enormous incon- lence ; proceeding upon the monstrous sistency and folly of returning to a spposition, still, I say, that he cannot small paper-money?. In the first place, follow your advice, however plastered all that loss of character which I hare over your paper-scheme may be by above described : the dictionary would pretended guarantees and securities for be hunted for synonymes of contempt to its safety. be heaped upon him ; mean, dastardly, Some time before I left London, I resilly, empty, shuffling, trimming, pal- ceived a book written by a Mr. Taylor, tering : these would be amongst the of. BAKEWELL; and I understand that epithets which would for ever remain Bakewell is in this county of Derby. I associated with his name. The very do not know who or what Mr. TAYLOR boys would point at him, and be ready is; but he writes smoothly enough, and to spit at him as he went along the is a great apostle of perpetual paperstreets: he would have presents of money. His scheme is, that the Bank night-caps from the French ; in the of England only shall issue the papercaricatures; his ducal coronet would money ; that the paper-money shall be give place to a cap and bells : idiot circulated by the country banks and b would be his motto: in short, I have the branch banks, according to the plan never read or heard of a public man in of Mr. Horsley Palmer, which was any nation in the world, who, as an ob- published in 1827; that this paper shall ject of reproach and contempt mixed be a legal tender in the payment of taxtogether, and both in so extreme a de- es also, at the country banks and branch gree, as the reproach and contempt banks, and in the transactions between which would, in this case, be affixed to man and man; that the holders of the him for his life. If some one were to paper shall, however, have a right to deexhibit him in imitation of the Clerical mand gold in exchange for it at the Magistrate in The House that Jack Built, Bank of England itself ; at the motherwhich was published in the year 1819, bank in Threadneedle Street, London

; he would be exhibited as having the but (and here is the cream of the thing !) halt-face of a greedy wolf, and the other shall not have a right to demand gold in

exchange at the present standard rate of your first letter, and I shall só treat the £3 178. 10.d. an ounce; but that the second ; and insert, also, the representaBank shall proclaim, from time to time, tion of the Grand Jury of the county of the rate at which it will be ready to ex. Kent. These gentlemen point out no change its notes for gold; and that rate remedy at all; they do not eveu allude is to be fixed according to the market to any remedy ; they complain of the price of gold as compared with the pa- distress in which their tenants and per; so that you may sometimes get an labourers are involved; but they leave ounce of gold for four pounds in paper, the remedy to the Government; a thing or less, and sometimes you may be which I should not have done. They obliged to give ten pounds in paper for well understand the cause of their sufthe ounce of gold. This would be a fering, and they were of weight suffipretty thing; and, above all things, a cient to demand that cause ; they, at pretty standard of value! The word any rate, might have pointed out the standard means a thing which is fixed, nieasures which ought to have been as to its dimensions, capacity, or weight. adopted ; but I am afraid that they, Mr. Taylor's standaril is to be subject like you, sigh for a return of the misto everlasting variations : it is, in short, chievous paper, and vainly imagine, to be no standard at all; and, in such a that by a patching-up of this sort, the case, there can be no guarantee, no se- terrible evils of the present day may be curity. The paper would depreciate as got over, and that the greater evils beretofore ; the gold would leave the which threaten may be prevented. As country in the same way as formerly: easy would it be to restore your hair to panics would come, confusion would the colour which it bore forty years ago, arise, and an overthrow of property as to prevent final convulsion if we once would be the end.

more come to a depreciated paperProm your letters, where you talk a- money.

It is somewhat depreciated bout guarantees and security for the pa- now, and will be as long as a five-pound per, I should imagine that you had been note shall exist in the country. This taking a leaf out of Mr. Taylor's book; debased organ of exchange is gradually and I am really inclined to think that disappearing; it will totally disappear this has been the case : but this slight at the end of about two years from this disguise will hardly deceive the Dure time; the depression will go on inof WELLINGTON. You flatter him by creasing until the hour of the disapexpressly saying that you do not want pearance of these things; and, unless the salaries to be reduced. He will like the taxes be reduced much more than this; and his colleagues will think you one half in their present amount, a state a fine gentlernan; and all the court la: of things will arise such as was never dies, finding that you wish to leave all dreamed of even by the most sensitive the places and sinecures and grants, and alarmist. What I am now writing I to leave all their numerous tribes of pro-wish to be remembered; but it will be tegés untouched, will say that you are a remembered whether I wish it or not. very nice man. But the Duke of Wel. You have changed your views of this LINGTON will soon discover that there is matter three several times. In 1816, no safety in the paper project ; he will you ascribed the distress to a surplus discover that convulsion must come at produce, and obtained a sort of supplelast, and that that convulsion may arrive mentary act to the corn-law, which very soon; and I trust that he will be supplementary act imposed additional fore it be too late, place us in a state of duties upon foreign seeds. In 1822, safety by a return to the taxes which ex- you ascribed the distress to a rise in the isted before the war.

value of money, and proposed to lower I, Sir, do not treat you as you treat the value of the coin. In 1829, you me: 1 not only name you, but give proposed a new and large issue of paper, your publications, to my readers, and as the proper remedy for the distress, put them upon record. I so treated Having thus changed; having ascribed

!

your farm, and for me to be sitting in half-face that of an ass. Such, to him, your seat. If I had been in that seat in would be the effect of following your the year 1819, Peel's 'Bill never could advice. He knows this himself very have passed ; people talk about cough- well; and, therefore, were there no ing down : people talk about not being other reason for his rejecting that adattended to : I have no notion of such vice, this would be sufficient. I have a thing : you and your mates might always thought that he would adhere have voted the viscera out of your to this measure, and I have the hapbodies; but, if I had been there; if 1 piness to think so still. had been in the room, as Burdett used But even upon the monstrous supto call it, though, if he used to speak position (which, observe, I do not entruth, the hours might have been late, tertain) that he were regardless of conand the company bud: if I had been in sequences like these to his character ; that room, that bill never could have a supposition which I put, observe,merepassed. I am glad I was not; for now ly for the sake of the argument, deemthe nation has before it the works of ing it utterly impossible, that a man so your hands. It has before it, behind it, famed should doom himself to eternal and in the very heart of it, the proof of disgrace; should make his name a bywhat can be done by an unreformed word, and, as such, and only as such, Parliament; by a system of election recollected, after his death : suppose, such as that which inas existed for so however, for the argument's sake, that many years; and by a septennial Par- he was dead as a door nail to all feelliament. To return to the Duke of ings of shaine and of character, and was Wellington, you talk about relief to content to strut about in stars and garothers; but what relief could he get ters, pointed at as the fool par

excel. were he to commit the enormous incon- lence ; proceeding upon the monstrous sistency and folly of returning to a spposition, still, I say, that he cannot small paper-money?. In the first place, follow your advice, however plastered all that loss of character which I have over your paper-scheme may be by ilbove described : the dictionary would pretended guarantees and securities for be hunted for synonymes of contempt to its safety, be heaped upon him ; mean, dastardly, Some time before I left London, I resilly, empty, shuffling, trimming, pal- ceived a book written by a Mr. TAYLOR, tering: these would be amongst the of BAREWELL; and I'understand that epithets which would for ever remain Bakewell is in this county of Derby. I associated with his name. The very do not know who or what Mr. TAYLOR boys would point at him, and be ready is; but he writes smoothly enough, and to spit at him as he went along the is a great apostle of perpetual paperstreets: he would have presents of money. His scheme is, that the Bank night-caps from the French; in the of England only shall issue the papercaricatures, his ducal coronet would money; that the paper-money shall be give place to a cap and bells : idiot circulated by the country banks and b would be his motto: in short, I have the branch banks, according to the plan never read or heard of a public man in of Mr. Horsley Palmer, which was any nation in the world, who, as an ob- published in 1827; that this paper shall ject of reproach and contempt mixed be a legal tender in the payment of taxtogether, and both in so extreme a de- es also, at the country banks and branch gree, as the reproach and contempt banks, and in the transactions between which would, in this case, be affixed to man and man; that the holders of the him for his life. If some one were to paper shall, however, have a right to deexhibit him in imitation of the Clerical mand gold in exchange for it at the Magistrate in The House that Jack Built, Bank of England itself ; at the motherwhich was published in the year 1819, bank in Threadneedle Street, London ; he would be exhibited as having the but (and here is the cream of the thing!) dalt-face of a greedy wolf, and the other shall not have a right to demand gold in

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