National gazette. — Philadelphia [Pa.], 1793-04-10 00:00:00, page 1

Numb. 4.7 of Vol. ll.] WEDNESDAY, April 10, 1793-
Additional Report of ihe Secretary of the
Trcafury, relative to the Loans negocia
ted under the Ails of the 4th and 12th of
Augufl, 1790.
[Continued from our lafl.
HENCE it is only true that the treasury
bills sometimes answer the purpose of
cash to the bank—whence it does notfol
low, that they ought always to be conl'ui
ered and credited definitively It
is also true, though in a less degree, that
notes deposited with the bank by individu
als foh collection', sometimes answer to it
the purposes of ca(h—but it w ill be readi
ly perceived that it would be inadmiflible
as a sreneral rule, to receive and credit them
as such.
The effect in both cases would be, that
the bank v ould make an advance of a pre
fsnt fcim -without interejl, for a sum to be
received in future.
An arrangement indeed has been for
some time depending between the bank of
the United States and the treasury for se
curing to the government the advantage o
an immediate, abjolute credit for the bi i
deposited, as so much calh—to be couple.:
with some collateral accommod itions t ( -
the bank. But it has not yet been carrh • !
into effect. The fact heretofore, has been
as Itated, and the reafoiiing, to be jutt,
mull proceed on that bafu.
The lad of the two politions which have
been cited, has l'lill lels foundation than
the firft.
A film received to day, for a bill depo
sited two months pail, can in 110 view be
deemed a substitute (or the amount of a
bill deposited to day, to be received two
months hence. It is to be remembered,
that the amomt of the firft bill, was itfelf
credi'.'d at' the time of the deposit ; and
that the sum received to day on that ac
count can only realize the antecedent cre
dit. It cannot represent or be an equ va
lent for the future receipt upon a different
bill. i'-JTaffirm that ifcotfta, is to m.'.ke
one sum the reprefentutive of two. — Ihe
conference of the reasoning would be,
that the government ought to receive the
money paid in to day as a fatisfa£tion, as
well for the bill deposited to day, as for
that which was deposited two months part.
Making the proper deductions 011 ac
count of the bills ; the amount of the ef
fective caih in the Banks at Philadelphia,
New-York and Baltimore, was on the firft
of June, 587,091 dollars and 11 cents; in
other banks there was then also the fur
ther sum of 9591 dollars and 89 cents,
making together 596,683 dollars ; the
amount of the effective cafli on the second
of July in the Banks at Philadelphia, New-
York and Baltimore was 217,234 dollai
and -6 cents ; there were then alio in the
other Banks 184,998 dollars and 85 cents,
m iking together 402,233 dollars and 61
cents; the amount of tlie effective calh or.
the firft of October in the Banks at Phila
delphia, New-York and 8.-ltimo.e, w;:
244,394 dollars aixl 27 cents; there
then also in the other Banks 145 4-'° dol
lar; and 24 cents, making together
dollars and 51 cents.
The deductions for bills at the fevera!
periods were June ill, 157,508 dollars anc
33 cents —July 2d, 220,900 dollars—Octo
ber 1 ft, 31,100 dollars ; so that including
the bills at that epoch, the whole sum li
the banks at Philadelphia, New-York anc
Baltimore, amounted to no more thai"
275,494 dollars and 27 cents; the sums ir
the other banks to 145,420 dollars and 2J
cents.
On the firft of June, there were paid or
account of the debt to France 100,000 dol
lars ; the day following, the firlt install
ment of 100,000 dollars, 011 account ot tin
loan froin the Bank was received. 011 the
30th of June, the 2d instalment oi
jco,ooodollars was received. These tw e
Lnltalments, amounting to 200,000 dollar:
are included in the sum of 217,234 dollar:
and 76 cents, which, on the 2d of July,
constituted the caih in all the Banks al
Philadelphia, New-York and Baltimore.
About the beginning of Augult, anothei
installment on account of the loan of the
Bank was received, and on the 29th o:
September another ; making with the pre
ceding ones. 400,000 dollars. This fun
was involved in the balance in the Trea
ftiry on the ift of October, which, it ha:
been seen, did not exceed in the Banks a:
and near the feat of the government,
including even unfold and unpaid bills.
37.5,494 dollars and 27 cents ; and, compre
hending the sums 111 all the other Banks,
amounted to no more than 420,914 dollars
and ji cents.
By P. FRENE A U: Publijhed Wednesdays and Saturdays, at Three Doll
From the foregoing deta'l it appears,
that excluding the 200,e0C(l0llars received
oil loan of the Bank oi the United States,
iii the month of June there would have
been, on the 2d of July 1793, in the com
mand of the Treasury at thole place:,
si om which immediatefupplies may be de
rived, no greater fi:m than 17.2 34 dollar,
and 76 cents ; that ex tiding."the 4co.cc.'
dollars, before that tin.c received on lua
ot' the fame Bank, there w uld have bee.
on the firlt ol Occobtr, 179-, an ablolute
deficiency within the scene described, o
124,505 dollars and 73 cent* ; that t!i
whole balai-.eetheninthe Treasury where
I', ever cleponted, amounted only to 420.91
dollars and 51 ccnts, and excluding t,.e loan
of the Bank would not not e been n.or
than 20.91 4 dol.ars and 5 1 cents-
There mpft be fame very radical error
in my conceptions 01 the proper co. d 11 ■■
of the Treasury, if it was not in a futhci
i-ntly low (late, (luring rhe wiiole p i»'.«
under conlideration ; and it it be notcu
montirated, that the monies taken of the
Bank on loan were riecclii iy for the pub
lic service, and were obtained with a due
regard to economy.
There are ( ;ci es which Pill fur
ther manifeft the attention which has bee.l
p..id to this print. p ers given to
uake loans .or do> c purpefes at dil -
ier. ut times, up ti Bth t -Vay, i~Q3-
.•c:iiprehendan ;'?.j»r j .teot 1,053.35s < !o >-
I.;s .. ..d 74 C»- . ■0 fe wllil ll t'.a\ ..
been afltirilly obtained upon intered
amount to no n'.or.- than 4i~ > dollars.
Thecont: ,t 11, on \* ::c 1 ; e 4.10,001'
dollar* were obui-xil wa " •• the 25th
of May, 1792, exie'iding 1 > 52;. jo • dol
lars, and contrrnnlatm;; ine p:.; uv. Nt o
400,000 d"!la of t.iat lii. ta ■
.n ecju.il m«. ;t liy in!.- iiiijcn'.s, f.;> ' '
on the firfi of June, and ending 1 - 1
September; the residue on the if- >'• .!■
nuary, 1793-.
Previous toJhe• rr ding iMhot co«»»
there h id been flipi-'ai -d to be p..id on ac
count of the French < ebt. it;. iupp ; es ti
St. Domingo, 400,000 doll .rs, oi which
1-4 was paid in March, another fourth was
payable cn the ill of June, aiot-er fourth
on the firft of September, a.id another
fourth on the ift of December.
Particular causes rendei ed it.inccoramo
d'ltion to theagents ot Fr. n.e to po<'ponec
subdivide the Septei- her inl'-.llmi ru. A
(imilar poftpont ment took plice, with re
gard to the inftailme't payable the ba
on the j!V of September, which wa m"
demanded 'tilltheirtter c: d the month,
and the remainder o' the < < 1 r'tra ed
for has not vet been dem 'd 1 Tie spi
rit iff the precaution, w i •l p red to the
public the privilege >■" 1 • iorbe.ir
ing its calls, act to c.. cumltances.
needs no cofmi e.ir
There re: ' h-' noticed two cir
cuit ■ ' lets :ii '.'.ill serve to th 'ow ad
ditional light up - ' r' conduct which ha
been observed w , 'gain to the Ami:
iron time to tin:e k-.pr on hand. A com
parifonof the Aims i the tre 'fury durinp
riie years rn an i~ will cor.t d.ci
the idea df any ti eiition to Ad" r the
public monies to a.tiipni.ate, for l ie be
nefit of the bank of the Uni', d States and
it, fubtlivifions and will at t'n fame time
indicate the general»ille w he. .1 has govt r"-
ed. In this comparison, it is neceiiary to
recollect that larger operations w ere to be
performed in 192.
[To be continued-]
FOREIGN INTELLIGENCE.
On Tuesday evening lalt arrived at New-
York, from Falmouth, with the Febru
ary mail, the Britilh Packet Roebuck, 1 y
which London papers are received to the
13th of February. The moll material
intelligence is as follows :
FRENCH NATIONAL CONVENTION.
F rjdAY, Feb. 1.
Report of M. Brijsot on the condutl cj
England towards France.
THF. Court of England willies for wri
—the hope cheriflied by those who regard
with horror a wa** between two fiee na
tions, is now no more ; the hoilile views
of the court of London are at la.t discover
etl. A perfidious mafii ol neutrality iiiii
covered them- Your republican finnnefs
lias caused that mall, to fa.l oir.
GEORGE has debauched the opinion of
the Engjilh nation : he has dillurbed com
merce, he has given orders to parliament;
h has menaced the ministers, and upon this
coalition, he now declares war against you,
In-cuife he believes the moment arrived
when he may with fafety and impunity era
, U.v his forces against ynitr liberty ; he has
declared war agauilt you by ordering your
i nbalt .dor to depart from England within
: .'ht days; he has declared it by publicly
Ldtifyiiig marks of sorrow for the l'ate ot
the conspirator, whom you had justly ton
;!e nned to punishment; lie has declared »t
ny demanding from parliament, upon the
iteilUynte of ii S death, a considerable ad
dition of forces by laud and sea. l'o dif
-111 ig.iomiiddbfly theagent of the repub
lic , a.id to rill Oil the intelligence of the
.leatll of the traitor, is it not to fay to Eu
rope,to tiie universe "France has condenin
rt Lonis as a traiior, and I believe him
n..0 c-.it, I fee in France only rebels ami
acrilegious persons ? France no longer
•. iihes'for a king or royalty, and 1 wiw to
i i "e the ki.ig and royalty ? Rather may
•j'f,gland pel iih than behdld the eftabliih
,!,:ut of the French republic"
Such is the barbarous wilh of the king of
Ireat-Britain, if he did not immediately
,nd openly declare war against you, it wa;
ijecaiife his ministry did not second with
futlicient aOivity, his orders of vengeance,
lecaufe his forces were not yet prepared tc
Jellroy our commerce, to take from us om
. olollies, to rav age our country. U ndoubt
, , v if til." Englilii people had not allowed
.licinfelves to yield to the forcible impulft
die mir.iiiry, they would have coulider
•d the olfences with which we are re
■ o: ched, only as thecr':me> of individuals;
hey would hare regard d the punilhment
ai Louis as a great act ot justice ; and, con
ii.ceci of these truths, would have bee;; ol
ipinion, that to declare war against lis,
bee life we do not wilh for a king, wohlc
u ail act of injustice, and a violation ol
he aw of nations, and that we might ha\c
.oiitiniiid to have been brothers, thougli
...u-t-a- diiiereut form of government.
Such, u ithout doubt, is the fcntimentol
j great part of the Er.glilli, and which
.. n.d have already displayed itfelf, if it
iad not been for the terror of bayonets ;
•Lit the Euglilh nation once enlightened by
.m. example, will at last do justice on it:
. a.;., i- . 011 its conspirators in place. The
t'urce ofthe eternal trial of baitings will
..ot be renewed, and fcaftolds will once
uior ilz' of use r tlie Stafiords and Laud 1 :
ii: iii- government, as well as for private
. nil. >. is.
Citizens, it would not be proper to dif
lemble from you the dungers of the nev.
>. r; we have II the tyrants of Furope ti
lumbat by land and sea. Ail the people
alone are our all'es ; but these people are
nothing let you, lot they are in chains, and
r.icic chains must firft be broken. All your
means ti.en must depend upon yonrfelves
:,lone. V our foil, you. .ndul'ry. yourcou
, .i e. mu!; fuppiy what nature and circuiu-
Ita .ces refute y< u.
'1 he trader, forgetting his commerce,
must become a warrior, thole who ha\ c
capitals mult employ their funds tofuppo. i
• uir alll.rnats, and .upply the w ant of mo
ney ; the proprietor ol land, and labourer,
renouncing ad speculation, must furnifl
he means of abundance, during the opera
. ions of the war, every citizen, like a Ro
n.in soldier, must march, not only with nit
irms, but with provisions tor a given time,
md thus you will defeat the calculations ol
your enemies with refpecttp the emptinel
ifyour magazines. Ihe great family ol
; renchiiien mull compose only one army,
md all France must form oniy one camp,
.vhere nothing but war is talked ol—where
lothing is pursued but war. Above all.
.'ou 11111 ft espeft distress, and prepare your-
Vlvts for futfering every fptcies of want;
fnortly indeed, it must be a crime, for a
:itizen to have a change of cloathing, ii
:here is one oi our brothers v. ho isdeftitute
jf covering.
To declare that France is at war with
F.ngtandis likewise to declare war pgainll
the Statdholder of Holland, 'i he llntd
holder, who is rather the lubjeit than the
ally of the court of St. James's,- who ha;
been, and frill is, a pafave ipfrumuit in
their hand , who, in fubi< rvience to ail
their inclinations, has in the courfeof the
revolution favoured the emigrants and the
Prufllans, harralTcd the French, and treated
with iafolence the French government.
1 here allude to the circumltances ot re
-1 eating the perlons gmlty oirfoig.i.g
nats arretted in JHoiiand. The slaulhcloei
arms in the mean tin e to i'upport the war
of the court <.i London, joins iiis i!.:ps to
the Engliih fleet, favours our enemies by
putting obstacles in the way ot our expor
tation of grain.
After all these confulerations, your com
mittee of general defence has charged mg
to present to you tlie plan ot the following
decree.
DECREE.
"The National Convention, after Jiav
ing heard the report of their Ccfir.mittce :>(
General Defence, in the condu£t of the
F.nglilh Government,
"Conlidering that the king of England
has perlifted, especially tince the revolution
of the 10th of Augutt 1792. to give proots
of his being evilly disposed towards the
French nation, and ot his attachments tu
the coalition o crowned heads.
"That at the period aforefaid. he or
dered his ambahador at Paris to withdraw,
becatife he would not acknowledge the
provilional executive council, created by
the legislative assembly.
" That the Cabinet of St. James's had
ceased, lince the fame period, to corrtl
pond with the French anibail'ador at Lon
don, on pretext of the fuipenlion of the
heretofore kingot the French.
"That (ince the opening of the National
Convention, it has refuted to resume the
usual correspondence between the two
llates, and to acknowledge the powers of
this convention. *
"That it has refufed to acknowledge the
ambaliador of the French republic, altho"
provided with letters ot credit in its name.
"That it has endeavoured to impede
the different purchasers of corn, arras and
other commodities ordered in England,
either by French citizens or the agents ut
the republic.
"That it has caused to be flopped f.-veral
boats and (hips loaded with gram for France
contrary to the treaty ofi-,86, while ex,-
portation to other foreign countries via*
free.
"That in order flill more eifefiualiy to
obftrutf the commercial operation ot the
republic in England, it obtained an act of
parliament, prohibiting the circulation of
alliguats- i ■ , r
" That in violation us the 4th article
the treaty of 1789, it obtained a.2 other ai>,
in the month oi January ialt, which fiib
jefts all French citizens relidingin or com
ing into England, to lorms the moil inqui
sitorial, vexatious and dangerous.
" That at the fame- time, and contrary
to the tit article of the peace of r,B>, it
granted protection and pecuniary aid not
only to the emigrants, but even to the
rebels, who'have already fought againlt
France; that it has maintained with them
a daily correspondence, directed againjk
the French Revolution ; that it has ..'.[a
received the chief of the rebels ot the
French Welt-India Colonies.
" That in the fame spirit, without any
provocation, aftd wheii all the maritime
powers are at peace with England, ihe Ca
binet of St. James has ordered a conlnier.-
ablc naval armament, and an segmenta
tion of the land forces.
" That this armament was ordered at a
moment when the Britiiii 111111.iter was
bitterly persecuting thole who Supported
the principles ot the 1 rencn Revolution 1 1
England, and was employing all pohibU
means, both in Parliament and out ol it, to ,
cover the French repub.ic wH'l ignominy,
and to draw upon it the ejcecrat;on ot tiie
Hnglilli nation, and oi ail Europe.
"That the object of this armament, in
tended agaiolt France, was not even oi!-
guifed in";he Englilh Parliament.
That although the provh'ior.al exeei
tive council of France has employed every
measure for preserving peace am; iratermty
with the Engjilh nation, a" (.l has replied to
calumnies and violation ol ail treaties.only
by ren.onflrances founded on (be principles
of juflice, and cxprehed with the dignity (1
free men.the Englithniiniher has ptrfevcr
ed in his fyllem of malevolence and hofliii
ty, continued the armaments, and lent a
;'x)uadron to the Scheldt, to dii'i:rb fjie o
perations of the French in JJelgitini. _
•That, on the news of the cxeciiticSj of
Louis, lie carried his ptitrages to tin.'
French republic to such a length, at to or
der ihe Ainballadof of frar.ee to quit the
tSritilh territory within eight days.
"That the king ol England .has mani
fefted his attaclin.catsfo the eanfe of that
traitor, and his dtfign to support it by <:ii
ferent resolutions adopted at the meme: t
us hU death, ho:h by ran. aiatina -enei als
us his land army, and by applying to par
liament for a confdeia ble addition of land
and lea forces, and putting ih'spj of war in
lommifilon.
[Total No. 151.]