The British Press; or, Morning Literary Advertiser. — London, England, 1807-12-31 00:00:00

I • • .. . . . . et:,7 \ . lik ,:i. i. tatoOt -• k S. .ligtl,2 tft of the principal . the pu bic alebt. ha "do** the year, ending the 30th day rlf4 4 .11107. exceeded 4 60 0 ,4 00 dollars; 'leaking Isital of publi • debt reimbursed, from the Ist of April, 1801 . to e Ist of Oflober. 1807, l e about 25,860, 000 dollars, lusively of; more than s ix millions, which have hewn paid during toe same period, in conformity with' the provisiPas of the 'treaty and Convention with Great Brltain, and of the lamisiana Convention. Of the twelve millions of dollars, which, accord. sag to the preceding estimates, may be paid on ago count of the public debt, haween the 50th of Sep tember, 1807, and the Ist of January. 1809, about eight millions will be on accnnnt of this principal.-.- must, laowever, be observed, that the mincer.. tained result of the' proposition made to the public creditors, for the modification of the debt, may aloft the amount payable during the year 180 S, on account of both principal itud interest. On the In day of Jamary. 1809, the principal of i'..- de , o will, it the proposed moditicetion be not - - . oii to by the public creditors, mutant to near ioo o sri: millions and five hundred thousand oollairs. The subsequot annual paymehts thereon, on account of principal and Interest. will not, ex clusively of occasional purchases. exceed 4,600,000 dollars s and the whole of the debt, the nineteen millions of three per cent. stock. only excepted, will la reimbursed in sixteen year s. A gener if subscription world reduce the capital to about fitty-nne millions of dollars. The ray ments would amount to eight millions of dollars sir nually, dozing six years, and average less then three inillions during the seven lollowieg, at the end of which period the whole debt would be extin guished. • Ao annual unappropriated surplus of at lewd three trillions of dollars, may henceforth be relied upon with, confidence. i'he receipts of the Tear 1808 ilibp been estimated at 15,100,0f10, and tba exposers at 12,600,000 dollars. -The permanent revenue has been 'computed at 14,500,000 dollars. end tbepermanent expenses predicated on an annual payment of eight millions of dollars on actonnt of the debt, have been stated at 11,800,000' dollars ; and as this would, if nn modification of the debt should take place, be reduced to less than 9,500,0010, the annual terplos would then amount to six mil lions of dollars. Nor are the seven millions and an half of dollars, which will remain in the treasury at the end of the present year, included in the cal col:picot. What portion of that surplus may be *anted for necessary measures of security and delete.; what portion should be applied to internal imprese ments, which, whilst increasing and diltusing the national wealth, will strengthen the bond of union; ate subjefis which do not fall within the province of the Treasury Department ; but it is ton impossi ble, that after making ample provision for both those chiral. considerable surplusst;s. and - e hich can no longer be applied to the redemption of the debt, may still accumulate in the Treasury. The previons accurnelati. n of treasure in rime of peace might, in a reat degree, defray the extraor dinary expenses of - war, and diininish the necessity of either loans or additional taxes. It would pro vide, during periods of prospefity. for those adverse events to which every Isadore is exposed, instead of increasing the burdens of the people at a time when they Me least able to bear sheen, or of impairing by anticipation, the resource, of ensuing generations ; and the public monks of the United States not being locked ap and withdreen from the general circul.- lion. but on the contrary deposited in banks, and continuing to loran A part of the circulating me dium, the most formidable o!'jeOlion to that system, which has nevertheless been at times adopted with considerable suczios in other counts acs, is thereby altogether removed. It is also belie sod that the renewal of the charter of the Bank or the United States may, amongst other advantages, afford to Government an cop ottinity of oho-wing into est on the public deposits, ohentver they enall exceed a certain amount. Should the United Stat”, contrary to their expec tation mid desire, be involved in a war, it is be. ]icved that the receipts of the year 1803 will not be materially &lifted by the event. inasmuch as they will principally arise from the revenue accrued dur. lag the present year. The amount of outstanding bonds due by importers, after deducting the deben tures issued on account of re-exportatioos, exceeds, at this time. sixteen millions o f dollars. The de doaion to be madefroni these on account 61601 s: spent rweepinitotiona. Would, in case of war, be less than Moat ; for exportations will then be checked, as well Mimportations, and in proportion as these will decrease, a greater home demand will be cre ated for the smelt en hand, and the necessity of re exporting be dirnmished. I It has ahltady been states!, that the pperie in the Treasury, M. dm Treasury, end of thittftese. together with the surplus of the year 1808; will mamma to mar eleven Millions of dollars—a sum probably adequate to :meet the eitraordinary expenses of the war for that year. It yiill also be reeolleded, that in the emi r/itwit:moms of the year 1808, the reimburse ment of near five millions and a halt of the princi pal of ihe debt is included. The only provision, therefore, s. hich may rendea any contingency ne cessary for the extrandinary service of that year, an order to 'cover any deficiency of revenue. or in crease of expondlture beyond whet has been esti %Wed, will he an authority to borrow a sum equal iii that reirriburscieent. That the revenue of the United States will, in ' subsequent years, be considesably impaired toy a war. neither ma or ought to be concealed. It is, en the contrary, necessary, in order to be prepared lies she crisis, to take an early view of the subjeil. rad d e to examiee the resources which should be se for supplying the deficiency. and del:eying dor extraordionty expenses. There are tin 4 . 11 a from which the extent of the I tiePalcation can, at this moment. be calculated, or even estimated. It will be sofliaient to state, Ist. That it appears necessary to provide 8-revenue at team equal to the annual expenses on a peace too bli shmint, the interest of the existing debt, and the interest on the loans wli;ch may.be raised. 2. That those expenses, together with the interest of the debt, will, after the year Intfill, amount to a surer ten than seven millions of drifts.' ; and, therefore, --..... os to aoo,toso dollars \ , ' war, it will still be adequate to the objr , I.taving ouly the interest of war loans to be provided for. Whober taxes should •be raised to skier-tater amount, or loans laraltogethar relied onfoir defray ing the expenses df the war, is the nett iibbjca of • coiisideratione Taxes are paid by the great mass of. die Citizens. and immediately atllla_alro4l4 „every individual of, the community. Loans arc applied by capitals previously accumulated by .i.fese individuals. • In a country where this resources of individuals are not generally and mateci..lly afteartil by the war, it is praalcable and wise to rain by taxes the greater poi at least of the annual supplies. The credit of the nation may alio. Irons various circumstances. be it times so far impaired as to leave no reshilice but taxation. In both respells thf situation"nt the Visited States is totally dissimilar. maritime war will, in the United States, gene rally and deeply ATP, , whilst it con:int/5, the re sobreet Of individuals, as not only commercial pro fiti Will be curtailed, but principally became a great ptlytion of the surplea of agricultural produce ne ceesarily requires a foreign mariart. The reduced price of the principal articles exported from the United States will cm, erate more heavily than any contemplated tax. And without inquiring whether uatilar cause may not still more deeply mad per ivanently affeft a nation at war with the United States, it seems to follow. that so far as relates to America, the losses and privations caused by the • war should not be aggravated by taxes beyond what is atrial. ) necessary. An aJdition to the debt is donbtless an evil ; but experience having now shesvn with what tepid wives, the revenue of the Urine incraases in time of peace, with what facility the debt fornretly contrail ed has. in afew years. been reduced, a hope may confidently be enterteined,that all the evils of the war will be temprary, and easily repaired, and that the return of peace will, without any anti, afford ample resources for reimbursing whatever may have been borreacd i:uring the war. 7 he credit of the United States is also unimpaired either at home sr abroad, and it is belie►ed that loans, to a reasonable amount, may be obtained on eligible terms. blwasures have been taken to ascer tain to what extent this may be eireded abroad t and it will be sufficient here to suggest, that the ee •erat beats of tee United States may find it souse nivel, after the ensuing year, and at the d.ininished cornrows* of the country may require k,s capital, to loan to gstvernmer.t st cOnsiderable portion of their capital stock, uow computed at about lofty millions of dollars. It might be-premature to enter into a particular detail of the several branches of •revenue, whit h may be se!efted, in order to provide for the intetr't of war loans, and to cover deficiencies, in cat- the existing revenue should• fall below seven mina:). sot dollars. A general euunneration seems, at piesenti sufficient. I. Ni- only the duty on salt aid the 'Me:lite:no nests duties may be immediately revived, but t.* duties on importation genemity mayiia-case of be considerably increased, perhaps &Willed, wit:. less inconvenience than wool& atirfrino Atit - e mode of taxation. Without rusortiog fti the' ei stixv ple of other nations, experience has pet sell: that this source of revenue is, in the United s i .ire.4 the most productive, the easiest rb collet% d ate least burdensome to the great mats At t: e people. In time of war. the eArger of smuggling is d tot. niched, tl.c scarcity of foreign atticles prevents the duty ever falling on the importeit the consumers are precisily those mothers of the community who are best able to pay the duty ; and the increase of domestic manufadures, which may be indisedly a:•e fe.fled, is. iditsekt. • desirabld °hied. 2. Indite& taxes, however intliiibk, doubtless, he cheerfully paid as war t oes,' receit sary, S. venal modifications of the systems formerly adopted, might. however, be introduced, both in order to dimmish some of the inconveniences whiah. were experienced, and particularly to insure tile colledion of the duties. 9. Dire& taxes are liable to a particular ob jettion, arising; from the unavoidable inettuality produced by the general rule of tile Constitution.— krhatever JiSerence may exist between the relative wealth, and consequeat ability of paying. of the several States. still the tax must necessarily be raised in proportion to their relative population.— Should it, bowever, becorce necessary to resort to that resource. it is believed that thetas raised upon thatspecies of property. in eat* state, wbicb, by the state laws, is hairier to Waist% as had originally been contemplated by Congress. would be pre. ferable to a general assessment laid uniformly on the sam• species of property in all the States, as was ultimately adopted. Ali which is respeatully submitted. AillpkT GALLATIN. Secretary of the MARI( y. Timely Department, Nuv. S. 1•07. . . IMP •01111, OTC. S. tie MilaeldpAia True American of Monday, coos gained the following, article : " Pleasing leyor,noicn.—We ate ittEotrned, by a Gentleman, upon whose cotrectness ankl veracitj Re can implicitly rely, that Mr..lefferson has lately observed, that ample reparation Would be made by the British Government for the affair of the Chefta pealC: and that the other points of difference would procied in a train of amicable adjustment —Fur. they, that Mr. Jefferson now says. that war with Pteat Britain aced not Se apprrLemi,d. SENATE. wasitteetror CITY, SOT. '25. Mr. ADAMS submitted the following resolution forvirtsideralien •• Kt•arlied, That the President atilt United States be re queet. 14r esie.e to be Lug befoot thE Seam. • return of the number ,of Ainvieen seamen impressei nr detaintd by British mined weasels, whom name. hand Gema r-port ni the detest anent of Susie, Mime the lag lotatelf;thel m ade to Cunge,ge, enrntio g the names of the personslmpresead, the ttrne and piece of theft impressment, the names of the stave, stud, as far as may be known , of the Officers by whom they were im pressed, together yrth ant material (ails 'At eireu mi!ane es In re . !Anon 60 she same : stating OW the whole nunibe; of sea men ampres ed since the etuniencement of the present leer, wiiat n u mber of peiarim ac . coirling to the lag state. mint or the Secretary of State, hat titer heen restored, and the ntintle.rs stiff detained slurs demand of their resturatioy made, 44th the eVelnft assigned for their detention." PUNY!? OF REPRESENTATIVI.S. Nov. 49. Mr. J. Cs•Y presented a Ateu,orial from sundry inhabirants end traders et the coy et Philadelphse, .14 nrllhibitin% the irnponatiorf of certa'n rods, wares, and merchandise, passe.' the 16th Apr tl, 806, may ire repealed. t t e . AA. moved, that the tdeltnot ial t r referred to Conittittee of ram:merge ; end b lataaures. Mr. Ittisiaw 119pe* the Petition would cot be re. ferred to any Coessed/tar. He tbaught it would be heath the d , gnity of the House to give it any cmuideratipjl. Had he been is Congiess at the time the law passed, he would have vJted agairst it : but sf it had p issed, and as we had received a fresh insult from Great Britain, in the attack on the aloe'' , a ke, he would not tirto for its repeal. Atter along debate, the questi“n was then taken lot re:erring the Petition to a Committe of the whole House, and it waslow.—A.yes 50—Nays 60, The Petition was ordered to lie on the Table. THE BEITIAII PRESS. ioilbON, . . • Tffintabia. DLCIMULR N. A private letter from Dover, crated Thereby, four o'clock, p.m. says--‘4 A Freneb Flag of Truce is lust gone past into the Downs ; she is a schooner iigged vessel, and probably the one that went there since." Itie suppose she has brought back M. Matsula who cairied over the dispatches from the Austrian Ambassador to Vienna. Nothing tr.mspiretl, last night, upon the sublet!. A feat of Atom 30 transports, under convoy of the Mira and Arriatur frigates, arrived on Trtesday at St. Helen's, with General Moose, and 90u0 troops on board, horn the hle'.l . :..irrnesul, last from Gibraltar. The wind war so vary high, that no communication could be had with them. General Moons is arrived in the turpahis. The troops on bored are about huh of his whole force. The con. yoy had a ppsage of 13 ,'ays from Gibraltar. Wegice ;n our last page the Report of a Com mi•tee t the 11 , ti.e of Assembly of Jamaica, to w•l•rur.tl-e Aft for abolishinr the Slave'trade was repotted. Some parts of the Report are omitted, it raring, a:c,rdiag to the accounts from Spanish Tam-n. been judged expedient to suppress several strong pesciges, descriptive of the present temper, strength, and c•-,igns of the Negroes, that they asip, , JA net infieroe them We have received New York Papers to the 4th iriatant, front which we have exuatted the Report of thn Stoma's , of the Treasury of the United Sterci,..afies the American. Budget, laid before Con rtes. It ii an article alwa7s interesting to persons hat;;:egproperty in the American funds, and of :,et..-al importance, in a pnlitieal point of vie, te , , at e par ticelartime. It states, that in the event of the . teeitentdifletrences between England and the linked Stater, ending in a war, II is believed, that the recciptiof the yekr 111os will nor be materially al:ceded by it, as they mite front the revenue accrued dining the present ys;ar ; and that [he specie in the Treasury, at the end of this year, together with the sir (Atli rf the year i •ak).S. will amount to near 11 millions of dollies, a sum pro bably adequate to meet the extraordinary of the war tot that year." The latter member of this sentence we are not competttnt to call in quti tins ; as it is impossible to anticipate the extent of the expenses which a war would induce; but we do think, that there is a fallacy in the former ; and that so far the reasoning i) more specious than solid t for though the war might not hurt the re ceipts of the year 1938, because they would be de rived principally from the revenue accrued during the present year, which is a year of pence, it dues not follow, that the receipts of 1909 and 1910, would act be climin:shed, should the year ISO* be a year of war. Fioni the rr.nmeiit of the recall of Admiral Butlescrtv, and the renunciation, PubliMed in 7 . be Loam i;aieus, of the right to search neutral ships of war, amounting to an inilired condemnation of the attack upon the Ch , vapeeke, ae ban tmitermly treated our differ , fit" with .4 11 kesiger not conapletele carded, et all evenu nut Weedy to said its a rupture. The New York papers, received yesterday, fully confirm the correaness of the opinion which we had formed upon the subject They assueirts, that Mr. Jar treason has lately observed, that ample reparation would be marls by the British Government 'fcr the affair of the Chesapeake ; that the other points of difference would proceed in a train cf amicable adjustment. and that war with Great Britain need not be apprehended. This will furnish a fruitful theme for the venal Prints to sing the praises of Mlisisters. All the panders and panegyrists of the Tresunry, who reprobated the holiest and inde pendent part of the public press, for denying the alleged right to search neutral ships cf war, will now extol the result of the renunciation of That claim, as en films of superieSe address an d wisdom. Was it Tar Alarming Pea, or The Coari,r, that so Aridly insisted upon the right to search neutral ships ref war, and falsely charged the late Ministers with havlog surrendered our mare " Hatti.-t., for Mearnsand Bengal; sni Huddart, for Bombay; to ,e attar 11th Kt:plumy, and sad hunt tioave.eutt 11th March. The Court "adjourned at 6 o'clock till Wednesday next. The Fleet which sailed from Portsmouth on the !nth instant for the West Indies, were lest ;11 wet) on the 23J, in lat. 47 10. long. 9. SS. by the tarina frigate, arrived at Torbay. 1 he Draper, Firs, front Newcastle for Dover, is on shore off ,Harwich. The Governor Miler, ALLAN, from St. Domingo, is arrisfed :it Lundy Island, after beating off a priva teer. Frcnch privateer, of 14 guns, and 45 men, is taken by the Resistance frigate, and carried into Portsmouth. The prize, N. 3, from Monte Video, is lost, sup posed on the Brazil Bank. The fie, rte, PATTIE. and the Bedford —, front Jamaica, the fionry, M'Douo•g, from New,York. the Mentor, Barron, hens) &lessens, the Jefiesa„ Carmel a, front Malta, and the Juliana Wilhelm:no. —, from Bordeaux, are put into Ramsgate with the loss of anchors and cables. - The Samuel, Oaa, from Londonderry for Quebec. is lost. The ship Iraq, of Liverpool, which arrived of the 28th off Dover, from the Island of St Domingo, has brought letters from Cape Francois, of so late a date as the 27th last, and also the official report* of the military operations between the two contend- ing Chiefs, Curt ISTOI , HE and Payton, from the Sas of September down to thogth of November. There have been two engagements, the one on the 20th of September, and the other ou the 25th of Odober, in both of which. Partan's troops had experienced a signal defeat at St. Marc. A party at Port de Pair had been annihilated to a man by Ceti's*, ne The Miry sailed. in company with the Lady Wcrren. Kitsoseuttv, of London. Many outward-bound ships were arrived at Cape Francois, among which wereabe Aleelr•ltr and Rolle, of London. A vistel atrived on Tuesd..y in the river, weiedi left Cadix on the 11 th instant. Previous to her de parture, the Catlin fleet had made an attempt to pte to arc, but fs.im the darkness of the night, and souse confusion dnMi g the ships, they returned to their moorings. the fleet is completely ready for sea, and irßluall for sir months. Na account of the arrival at French troops at Madrid bad been re ceivid st Cadiz ; nor had any thing transpired there relative to an engagement between the French and Spanish troops, os the disgrace of the ides/ten of PiACL, &c. The veuel we boarded by one of our men of. wascoff .Cadie, and• infoedted that preparations were making for bornbardint the town. Every military pet son, including the. Mar -914 S A LON A, the Guvernor, had witted it for the Grand Army. Letters have been received from Lisboa, dated the 29th, on which day the Portuguese freer sailed for the Brazils. Some disturbances had previously taken place. in consequence of the scarcity of pro- visions. On the. 2Sth, the day after the emharka tion is stated, in Sir Slangy Sr an's first die patch, to have taken place, a Proclamation was issued, inviting the inhabitants to volunteer, and form three Regiments of National Guards • but not a single Volunteer had offered on the ;Mb. It was on the 27th that Lord STRA MC:VOA D returned to Lisbon, when he found that the Portuguese Court had aftually embarked during his absence ; His Lordship't previous advice and representations may. no doubt, have had a greet circa in fixing the determination of the Peering limes ; Inn the sentence of the dethronement of the Royal Family of ISRAOAZA, pronounced by the inexorable BoNA ►AaTa,was, no doubt, the principal operative cause. —On the very day on which the Court embanked. an Aide-de•Camp of J 1,11107% readied the capital. and brought intelligence of the arrival of 6000 French troop. at Santarem, a place situated at the distance of about fifty-,ix miles from Lisboa. —Tins infrrrn.tt;on being confirmed, the Palmist rnt every thing teady for his departure by the and when on the eve of railing, the Aide de Camp requested an audience of the PAINCIL on board his ship. He was received by his Royal Highness with politeness t but nothing further is mentioned with respell to the objea of the confer ence. It was supposed to have been the objet of the A,.! de-Camp to amuse his Royal High ness with new offers, until his retreat should cut off by the French troops getting possession of the Nits tit. Julien and Cascaes, which, it appears, they were strenuously endeavouring to accomplish. By this time they had approcbel within a few miles of the city; bur, to •-e to cleat, a sudden alarm, and, witla a view. their real designs, instead of r the capital, they took a circ from which place they inten, towards Fort St. Julien and in the mean while, having lay with the ships, at single . ing mni-ning (the 29(h). when landed, and his Itrtyal Higbr SIDNEY 53411 N. mutt his fir were only at that time 1170 .1, lb A I op l I gel the cot ace ►lu as vrai au4 exi hil thi li, 211 C, A - time rights to Arnekka ? Wl.i of them said, that ] i r to question this assume d r i g h t o f search, originated \ in 44 a base spirit faElion ?" Al.t w ill t h e same Print, with its u:aal consinency, extol the vigour of the present Ministers, in renouncing that right, ire truckling to America, and making, as Mr. s'resi.. dent JEEMScri says, ;snide repata t i nn for the affair of the Chtsapeala ? Ample reparation foi the exercise of what the Treasury Journali 'bet* de- act Glared a just, essential, an d una li ena bl e r i ght? - yea A A letter from Vs intby. dated the L'Oth instant, opt says, 44 Yesterday, about lc) o'clock, a private* MO. to I lug sails, yellow rile., and eight posts or a side ' ver captured, nethistplace, three or more vessels, and by scot them off. The privateer went to the North- ger ward :oiN-r more ships, and we. have no tardier ac- the cunt: of her this morning." cot Yesterd ty at Court of Direetora wan) held at the ace East India Horne, whet the undermentioned Aim, she were'thus timed. ViZ. W 2 Euphrates, Sir %Tim, Hensley, and 3nwereilts,„ for lbfar‘ rr and ; Monarch and Northumbedand, fur Mach:tra y , hiad.as std &moil ; and th e Airs•Oer. fnr Modena sad in hissaiam. to boa/ea fatio 'hammy, sod mail from liresieei4 172 27th Fetorsary. c tney nag appivai...... ty but, fearing to eteati e I View, no doubt, to cover it Dt proceeding dire&ly to 1 • 'cuitous route to Loires, , ■ .ended to have marched 1 to l CIICACS. The) Parocs, r c dropped down the river. , / e anchor, till the follow. si hen the Frenchman era, so One's having joined Six i )3 final departure. Tiler' ; r Frtsseh troor in Li ' t p