August 1,1843.

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The Jews have no Right to Civil Equality.

The noble and learned Lord on the Woolsack (Lord Brougham) has referred to a certain Act of Parliament which passed, giving certain privileges to the Jews, and which he said, was in the very form of words proposed in this bill. It is true that this Act conferred benefits on the Jews, but then it must be recollected that it was confined in its operation to certain of the colonies; in the first instance to Canada, and subsequently to Jamaica and Barbadoes, and others of the West Indian colonies. But then, was there not a very good reason for this? European inhabitants were much required in the colonies at the time the act passed; and this was to give encouragement to the Jews to go thither and settle. No such necessity exists now, with regard to this country,—we do not wish Jews to come and settle here. Not one word has been said to shew that any necessity exists for passing this measure. The noble Lord, who addressed your Lordships early in the debate, adverted to the state of the Jews in France, I entirely agree with the illustrious Duke near me, and the right reverend Prelate, that this country is not bound to follow the example of foreign nations in legislating for any portion of the community. But it ought not to escape attention, that Buonaparte, in legislating for the Jews, did not go the full length of this bill; and before he did anything for them, he ordered a strict inquiry into their case to be made. I ask, are your Lordships prepared to assent to this bill, without any inquiry being instituted as to its necessity, or without any reason being assigned? This bill is not the result of inquiry, but it has been introduced on a very different principle,—namely, because it suits the liberal opinions of the day.

The noble and learned Lord on the Woolsack, has endeavoured to shew that, by retaining the words—"upon the true faith of a Christian," in the Statute Book, you encourage men who have no regard to the obligation of an oath, and thus maintain hypocrisy, while it operates as a restriction on conscientious persons. "You admit," says the noble and learned Lord, "men like Mr. Wilkes, Lord Shaftesbury, or Lord Bolingbroke, but you shut out conscientious men who will not take the oath." I am prepared to allow that there are some men whom no oath or affirmation can reach; but this is no reason why we should give up every test and oath. Are we on this account to throw aside every guard for the maintenance of Christianity in the country? The Right Reverend Prelate has stated very clearly and plainly the reason why we should not pass this bill—namely, that this is a Christian country, and has a Christian legislature, and that therefore, the Parliament, composed as it is, of Lords Spiritual and Temporal, and Commons, cannot advise the Sovereign, as the head of the Church, to sanction a law which will remove the peculiar character of the legislature, I say that we cannot advise the Sovereign on the throne to pass a law which will admit persons to all offices, and into the Parliament of the country, who, however respectable they may be, still are not Christians, and therefore ought not to be allowed to legislate for a Christian Church. The noble Marquis, for whom I entertain the highest respect, seemed surprised that I should smile when the noble Marquis spoke in somewhat extravagant terms of the distinctions which have been acquired by these persons in foreign countries. I must apologize to the noble Marquis for having smiled at that moment, but it certainly appeared to me that the noble Marquis was rather extravagant in his praise; and, I may be allowed to add, that I have never been so fortunate as to hear of those persons being in the stations which he described. The noble marquis stated that there were no less than fifteen officers of the Jewish religion at the battle of Waterloo; I have not the least doubt that there are many officers of that religion of great merit and distinction—but still I must again repeat they are not Christians; and, therefore, sitting as I do in a Christian legislature, I cannot advise the sovereign on the throne to sanction a law to admit them to seats in this house and the other house of parliament, and to all the rights and privileges enjoyed by Christians. The noble and learned lord on the woolsack said, that when the observation is mode that Christianity is part and parcel of the law of the land, it is meant that that Christianity is the Church of England. Now, I have always understood that it was the Christian dispensation, generally; and I believe that when Christianity is talked of as part and parcel of the law, it means the Christian dispensation, and not the doctrines of the Church of England.

August 1, 1833.

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Defence of a Metallic Currency.

I always have maintained, and I always shall maintain, that the only proper basis of our money system is a solid gold circulation. Upon that basis I considered our monetary system fixed since the measure of 1819, followed up as that was by improvements in 1826: I really think the principle of those measures the best that can be applied to our circulation. Detailed payments being made in gold, the larger payments might be made in paper, and depend on credit; the true support of the credit of whatever paper might be in circulation being, that it was liable to be paid in gold on demand at any time, at the bank of England, or at the branch-banks of the bank of England; so that, if any man chose not to give credit to the bank of England, he had only to demand gold for his paper; or any creditor might, at once, demand from his debtor payment in solid coin. That however will, to a certain extent, not be the case under this bill. I am aware that, eventually, the holder of the paper can repair to the bank of England and demand gold as heretofore; and must, therefore give credit to somebody for the amount. That I consider a depreciation of the paper of the bank of England. It is a depreciation to which if I had been a bank director, I would never have consented; indeed, I cannot understand why the bank agreed to this proposition. I am persuaded that, ere long, great inconveniences will occur from the provision; and those inconveniences will be felt in a depreciation of bank paper. What is the object of the arrangement? It is either intended to give the bank a power of issuing paper which, under the existing system, it does not possess, or to facilitate credit generally throughout the country, and enable the country banks to undertake operations which they could not otherwise attempt. It is evident that the noble earl himself sees that the consequence will be to facilitate and increase the issues of the country banks. That will augment all transactions; and the result must be a great increase of prices, and the ruin of many individuals. Nothing of this kind would happen, if the present system were continued; namely, if the bank of England continued to issue the number of its notes which the necessity of the public might seem to require; and by the regularity of its proceedings give such a check to the issues of the country banks, as should be calculated to establish a sound and healthy circulation. Under the existing system, the bank would proceed so as to prevent the country banks from giving credit, except in cases which justified the accommodation, and the circulation and commerce of the country would continue in a wholesome state.

August 23, 1833.