( 169 ) WELLINGTON'S TRIUMPH, AND PORTUGAL THE RELIEVED. BY WILLIAM THOMAS FITZGERALD, ESQ, [From the same.] HE blow is struck! the awful conflict 's o'er, And, with his legions, is by Wellesley driven, His flight is mark'd with more than Vandal rage! The Despot's nod, and tremble while they hate, VOL. XV. I There There too triumphant Graham shall appear, SCARCITY OF SILVER. TO THE EDITOR OF THE MORNING CHRONICLE. SIR, [April 11.] THE want of change, not merely in the metropolis, but throughout the kingdom, has created such alarming inconvenience, that it has become necessary to adopt some means to remedy it. It has been suggested, that the Bank should issue five-and-twenty shilling, thirty shilling, and thirty-five shilling notes. This would diminish, but by no means remedy, the inconvenience. It is sincerely to be hoped another scheme, said to be in contemplation, will never be realized I allude to the projected plan of an issue of ten shilling and five shilling notes. This would be the consummation of the papier machée system, and would form a base for the statue of that great man, now no more, who so strenuously in 1797 advocated the freedom of the (Bank of England) press. Notwithstanding all that has been said and written to the contrary, the Bank paper is most certainly depreciated. Under these circumstances metallic money must disappear from circulation: some will hoard it in their closets, in the hope a still greater nominal value will be put upon it; others will melt it in their crucibles; others will sell it at an enormous premium for exportation. Those who have recently left England for the Continent will not forget how unconscionably the Jews at Portsmouth and Plymouth charged them for SCARCITY OF SILVER. 171 for dollars. In these different ways the whole circulating metallic medium will in a few months be withdrawn from circulation, to the ruin of many, and the very great inconvenience of all. The same mischief, springing from the same cause, existed in Ireland. The great man, now no more, waved his paper wand over the Bank of Ireland, and the phantom of Over-issue immediately made its appearance. All the mint-money first was withdrawn: to remedy this deficiency, all the bad halfpence, which for years had been deposited as condemned raps in the garrets of the shopkeepers, were brought down stairs, made into rouleaus, and thus circulated. This, however, could not last long; and several barrels of Birmingham shillings were imported, which answered the purpose tolerably well for three weeks, till the gilding was worn off; they then rested in the pockets of those who had imprudently taken them as value. The people then began to grumble, as the English people are grumbling now, and exclaimed, that, as the over-issue and consequent depreciation of the Bank-paper was the cause of the evil, it was absolutely incumbent on the Bank to apply some remedy. The Irish Bank did, as I trust the Bank of England will now do, take the case of the public into their serious consideration; and, after some speeches, about as eloquent as Mr. Randle Jackson's, and some pamphlets, about as clear as Mr. Wilson's, they bought up the Birmingham shillings which had lost their gilding, melted the mass, and recoined and reissued it in the form of two-and-sixpenny, ten-penny, and five-penny pieces, bearing the impress of the Bank, with a promise of its being always exchangeable at their counter for paper. To something like this expedient the Bank of England must have resort; they must harmonize their system-as they have given an ideal value to their paper, by stamping certain cha racters upon it, they must give an ideal value to the pieces of money denominated crowns, half-crowns, and shillings, by which its currency is effectuated, through the medium of a coin under their sanction, and exchangeable for their paper, so base that all temptation to melt it will be removed, and so peculi arly bad, that it can be only circulated throughout the country and the metropolis. This is the only rational hope of cure under the circumstances-and if deem the plan of consequence enough to obtain a place in your columns, you shall have further details on the subject from your humble servant, TIMOTHY TINKER. AT EPIGRAM. [From the British Press, April 11.] Ta damsel, whose manners were formal and cold, And when to a Rose the sweet maid I compar'd, "Then, by G-, she's a Prim Rose," the railer declar'd. TEUTHA, AN AFFECTING EPISTLE, FROM FADYEEN, IN LONDON, TO HIS FATHER PAT, IN DUBLIN, ON THE PRESENT STATE OF PUBLIC AFFAIRS. [From the Morning Herald, April 13.] "Honi soit qui mal y pense." IT's a letter you'd have now, is that what you'd say ? Well, I'll write you a true one, but in my own way: You would know 'bout the Prince; no one dare touch a hair of him; Bad luck to Hygeia if she don't take care of him. Scamper'd up stairs in groups, and kick'd each other's shins; Then AN AFFECTING EPISTLE. 173 Then they bow'd to the earth, and so low, 't was surprising, Though their foes would admit their irrefutability, Yet they prated from spite as boys spit in hostility; Drank "The Prince and Great Britain" in Whitbread's entire. When they'd made the Address, and had cramm'd it with point, Full as plums in a pudding, they sat to appoint How the Corporate Body should move to Pall Mall |