has taught me caution; but, Iforward without due reflection ; cannot refrain from applauding that he had been years maturing the sentiments of Mr. COURTE- the matter in his mind! Bless NAY, Lord MILTON, Mr. CAL- the head of him! Its construction CRAFT, and Sir ROBERT WIL- must be admirable. Whole years SON, with regard to this bill. bringing to maturity a thing which We have, I should suppose, will to a dead certainty end in a an imperfect sketch of what ballad! they said; but we have Dropping this nonsense for the quite enough to convince me, present, we all ought to observe that they did their duty like the progress that is making in men. The bill has since gone the opinion, that the interest of the into a committee, and is, it seems, debt must be reduced. Lord to come out again on Tuesday MILTON plainly said this in the next, when we shall see the man- debate upon Lawyer Scarlett's. ner, in which it is destined to Bill. He said, that a revolution make its exit. It seems at present was silently going on; and so it to be a good deal in the situation is. He said, in 1817, that it was of a weazle in a warrener's trap. dishonourable to propose such It is in; but, how is it to come reduction. Well. do I charge out? Here we are, round the him with "inconsistency?" No: trap, keeping a sharp look-out. he has seen sufficient to make Whether it be finally to be flung him change his mind. Is that away to rot, or to be hung up to" inconsistency?". inconsistency?" He is very dry, it would be presumption in right; for, a revolution is going on, a person "out of doors" even to guess; but, creep off quietly and silently to die out of sight, it can and at a great rate! The money people will have all the estates, not occupied by the owners and not upheld by the taxes. I have, not, must not and shall not. Oh, by George! it shall not go off as I once before observed, heard, so! We will get WALTER SCOTT, and on good authority, of one or some other doggrel poet, to single stock-jobber, who was, grind it into rhyme for us; and only twenty five years ago, a hawkwe will give it to be sung by the er of oranges and pencils, and country-girls over the churn or who now has seven hundred thouthe cradle. The Lawyer said, sand pounds in mortgages upon that he had not brought the bill estates of families, all of whom "came in with the Conqueror!" I have now, I think, given you Well this is their affair, and not a dose enough to sicken you of : ours, provided that Moses, when he shall walk in, act fairly towards the farmers; for, he cannot farm it himself. writing letters to me; but, I must give you a little more; for these Cash Payments are working very nicely. The Bank has, I am told, about 150 visitors from the country daily, who bring up her rags and carry away nice little parcels of gold. There are sorts of curious things taking place. Great efforts are made by some persons to persuade people, that paper is better than gold! This is not overshooting the mark, but overcharging the gun; and it has no effect upon the object. Some say, that paper is preferred. Now mark: purses are now for sale in the shops that dealt (and still Some persons expect, that the Report of GAFFER GOOCH's committee will contain a recommendation to reduce the interest of the debt. I do not. This is going too fast. There must be under shocks yet, before the thing will be explicitly proposed. Next session is, I think, is the time. Numerous pamphlets will get out during the summer and fall. The newspapers, having felt the pulse of their readers, will begin to unsay and unswear what they have been saying and swearing deal) in bank-note cases! And I' for the last nineteen years, ever since I first opened the subject. And, I think it likely, that the rich fund-holders, seeing what must soon take place, will have meetings, and generously offer to glad to get rid of their stock on give up about a tenth part of what they will see is about to be taken from them. This I think likely; but it will be of no use. Let the thing be tapped, and away it goes; according as it is written in Cobbett's Register of 1806, and is now re-published in the Preliminary Part of Paper against Gold. know the fact, that these purses now sell better than the cases! The price of the latter has fallen! Two venders of them, I knew, have said, that they should be almost any terms. However, it must be so; for who will run the risk of taking forged notes? And, to mend the matter, the forgers seem to be working double tides and harvest-days. They seem to be in as great a bustle as you are, in hay-time, when the glass is falling: I say you are, because all farmers are, when the menacing clouds set them " received directions from the to kicking the poor dogs about, "Bank to pay the poor woman and when very few living things" five guineas for the prudent and that come within their reach escape" proper course she had taken in a taste of the effects of the clouds." giving up the notes. From this The forgers make less noise; they" and other circumstances, it apdo not hollow and bawl and stamp pears that the utterers were and storm but they appear to " very busy at the fair. The be making hay of their sort, as "resumption of Cush payments busily as bees. "is such a death-blow to their "woman, 66 The OBSERVER news-paper of iniquitous commerce, that they Sunday last gives the silly holders" are using double diligence to of bank-notes the following ac- "make the most of the short count for their comfort: "On" period that remains to them for "Monday the 14th inst. a poor" defrauding the public. Messrs. named Hitchcock," Corrall and Co. had no fewer "picked up a roll of papers in "than eleven forged notes prea barge lying off the fair Mea-"sented to them in one day.” dow, at Maidstone, which was This is well worthy of your atemployed as a place of refresh- tention. But, what does the OBment for the visitors to the Fair. SERVER mean by the "short peOn examining the roll, it ap-"riod that remains" for forging? peared to consist of 100 11. "Bank of England notes, done "up in five parcels of 207. each. "Two of them were taken to the "Bank of Messrs. Corrall, Mer 66 66 Does he mean, that the one-pounders will all be quickly in? Poh! They will never be all in; for, the Bank will now take all, to be sure, whether forged or not; for, if it were to reject notes now, `on account of their being forged, that would make a pretty clamour, and send its notes a full cer and Co. who declared them *to be forgeries. On examining the other notes, they were every "one found to be forgeries, and "most admirably executed in all gallop. Oh, no! It must now "their parts. The woman gave take every thing; or be prepared them up to the Bankers, who for a general run; or resolve tò "communicated with the Bank stop again; and, if it stop again, "of England on the subject, and good bye, paper-system! Thereon Monday last Messrs. Corrall fore, the one-pounders will never be all in, while there is a graving | have no idea, generally speaking, tool, old rags, and copper, brass, of the nature and object of VAN steel, iron, or tin, or even lead, in SITTART's act. The mass of manthe country. The forgers will kind never split hairs. It is a keep on making and the Bank "resumption of Cash-Payments ;" will keep on taking; or, if it re- and to that character it must fuse notes on the ground of their stand! The newspapers (ninebeing forged, while it is ready to teen twentieths of them very corpay good notes in gold, it is impos-rupt) have been eager to represible that any of its notes can re- sent the thing as a resumption main in circulation for any length" of Cash-Payments;" and to of time. This seems not to have occurred to "the gentlemen in doors." They appear, indeed, to have taken but a slight glance at the subject. They knew, that, formerly, notes and cash circulated together; but, they forgot, that the making and uttering of notes was then confined to the Bank, and that now, there is a Company of Forgers as well as a Company of Bankers. This alters the case; this makes the precedent of for mer times inapplicable; and, it warns every one to get gold into his possession as quickly as possible; to keep it if he can, and, at any rate, to have it in gold as long as it remains with him. 66 disguise the option given to the Bank. So that, if a stoppage were to take place again, the credit of the Bank would be wholly destroyed, and that, too, by the hands of its own friends! It cannot reject forgeries, without bringing in its notes in showers; and, it cannot stop payment again, even after all its own one-pounders are in, without total destruction to its credit. In late Registers I have said, that the large Bank notes may be changed into small ones, in order to get at the gold. This is true; but, the Bank pays its notes of all sizes; and this it must do, unless it stop again altogether; and, one of two things Pray, observe; this newspaper I look upon as certain another calls the present thing "Resump-stoppage, or a speedy reduction of "tion of Cash-payments." And the interest of the Debt. Not the this is what the main part of the former, good Ministers, for God's people think it. This is good. sake! The wise way, and, inIt was natural, too. The people deed, the only way to prevent they have; but, I am not amongst those who are ready to allow them a monopoly either of virtue or of talent; and, I deny that their labouring classes afford any the forging of the one-pounders, | in putting forward their claims of is, to call them in, and pay none any sort, and many just claims after a day fixed. That would put an end to the forgery of those notes completely. The forgers would then pitch on to the fives. To defeat them there, call in the fives; and, by going on thus, example worthy of the imitation 'till we come to the forties, we of ours. I deny that they are should see the Squares and Scrip-more industrious, more moral, Castles come tumbling down, and more virtuous in any respect, the little farm-houses rise up out than the people of England are. of their ruins. To this I believe I have seen colonies that have it will come. I believe the thing been settled by Englishmen, and will go back to wheat at three some by Irishmen, where industry shillings a bushel; and, when I alone could have succeeded; but, see that, I shall be satisfied; for I never yet saw a country settled then every thing will come that I and cleared by the labour of have ever wished for Scotchmen. The boastings which have been heard about the wondrous improvements in Scotland are numerous; but, will any man pretend to say, that the labourers of that country are more moral, more orderly, their inhabitants more cleanly, their strugglesagainst poverty more unremitted, their labour and their industry greater, than are those of the English labourers? I remain, Dear Sir, Your most obedient WM. COBBETT. POSTCRIPT. EXTRACTS FROM REGISTER, 29. AUGUST, 1807. There was one argument of exThis notion about Scotch experience, brought forward in sup-ample seems to have come up port of this project, which, by amongst us with the juvenile ecoway of conclusion, I must take a nomists, whom the late ministers little notice of; namely, the ex-(the Whigs) drafted from the ample of the people of Scotland. office of the Edinburgh Review, The Scotch are never backward wh ch is a sort of depot for spe |