The New-York gazette, and the weekly Mercury — New-York [N.Y.], 1781-06-18 00:00:00, page 2

Refolvcd, That Congress do approve of the
plan for eftabithing a national bank in these
'United S^tes, fubmhied to their considerati
on by Mr. Robert Mo fit, the 'l7 h May,
1781, and that they will promote and fop
pert the fame by such ways and means, from
time to time, as may appear necessary so the
inftitutioh, and be confident with the public
,odd.
Townlhend; and this morning the following
ships, having under convoy a very large fl et
of victuallers, ftore-lhips, &c. failed for Gib
raltar.
Guns. ( Vice Admiral Darby,
Britannia, 100 < Rear- Adm. Kempenfelt,
( Captain Bradley,
- ,h ( Rear-Admiral Ross,
Royal George, ICO } Cap , ai „ Bo urma ft§r,
o [ Rear-Admiral Digby,
Prince George, 98 | Captain wi ;| iam ,,
Queen, 98 Captain Maitland,
Duke, 98 Captain Douglass,
Formidable, 98 Captain Cleland,
Namur, 90 Captain Sawyer,
Ocean, 90 Captain Curry,
Union, 90 Captain Dalrymple,
Le Foudroyant, 80 Captain Jarvis,
Alexander, 74 Lord Longford,
Bellona, 74 Captain Onflow,
Canada, 74 Sir George Collier,
Cumberland, 74 Captain Peyton,
Courageux 74 Lord Mulgrave,
Defence, 74 Captain Cranston,
Dublin, 74 Captain Dixon,
Edgar, 74 Captain ,
Fortitude, 74 Sir Richard Bickerton,
Marlborough, 74 Captain Fenny,
Valiant, 74 Captain Goodall,
Bienfaifant, 64 Captain Braithwaite,
Inflexible, 64 Captain Cottea,
Lion, 64. Hon. Capt. Cornwallis,
Magnanime, 64 Captain Wolfeley,
Nonfuch, 64 Sir James Wallace,
Repulse, 64 Sir Digby/Dent,
Medway, 64 Captain Harmood,
FRIGATES.
Minerva, 38 Hon. Captain Fielding,
Flora, 36 Captain Williams,
Monsieur, 36 Hon. Captain Phipps,
Prudence, 36 Hon. Capt. Waldegrave,
Ambu&dSi 32 Hon. Captain Conway,
Emerald, ,2 Captain Marshall,
Crescent, 28 H. Capt. Packenham,
Kite, 14 Captain Trollop.
FIRE-SHIP S.
Furnace, Captain Wright,
Firebrand, Captain Geo Robertson,
Harpy, Captain Cayley,
Lightning, Captain Campbell.
To be joined by the St. Albans and several
fame ships of the line, and the Veltal, with
other frigates, from Plymouth.
B) the United States in Congrcfs assembled,
May 26, 1781..
'V IEN NA, February io.
Lord Huntington, the English ambassador,
charged with congratulations from the Court
of Great-Britain to the Emperor upon his ac
ceding the Throne, has frequent interviews
with the Emperor and Prince Raunitz, and it
is said he has some important proposals to
maketoourMiniftry. The English merchants
eftablilhed at Semlin, for the transportation
of Eall-lndia goods, have agreed with our
Cour: on that Subject
LONDON, March 13.
On Sunday M. de Simblin, the Ruffian Am
bassador, was at court at St James's, and had
a conference with his Majesty on the fubjed
of the dispatches received by his Excellency
the preceding evening from the Empress cf
Russia, Which are reported to favour the wifh
e< of Great Britain, even beyond expectation.
By a gentleman who left Portsmouth, yes
terday morning, and travelled express, we are
informed that the grand fleet here fallen down
to St. Helen's, and were under fail with a
fine wind when he left that place.
A private letter from Paris, dated March
3, fays, " Last night his Excellency the Ruf
fian Ambassador received difpacches from this
court, and this morning held a meeting with
the Dutch, Danish, Imperial and Prussian
ministers, at the breaking up of which, it was
reported that the Empress had proposed a
treaty of general pacification between the
belligerent powers,"
Potym^th, March 13. Last night the fleet
under the command of Commodore Johnftone
arrived at St. Helen's Road, with the follow
ing East-India ships: The Hastings, Queen,
Chapman, Valentine, Ollcrley, Lord North,
Fortitude, Latham, Essex, Alia, Hinchir.brook,
Locke, and Southampton, which, with a fleet
of transports which he found here ready for
departure, will fail this afternoon.
A lift of Commodore Jchnftone's squadron:
The Hero, Captain Hawker, of 74 guns.
Monmouth, Captain Alms, 64
Romney,Com Johnftone,Ca.Horne 50
Jupiter, Captain Pailey, §0
Active, Captain M'Kenzle, 32
Diana, Captain Burnaby, 32
Jason, Captain Pigot, 32
Mercury, Captain Prefcot, 28
Shark, Captain M'Dowell, 16
Porto, Captain Lumley, 16
Rattlesnake, Captain Clements, 14.
Terror Bomb, Captain Wood,
Infernal Firelh'p, Captain Darby, with the
armed ships Lark, St. Carlos, Manilla, Royal
Charlotte, Pondicherry, Porpoise, and Lord
[ln our lap woe ga c pe the Public a Plan for eflab-,
l^fbing a Bank in the United States of Ame-.
rica : o%at fc^ows are the Rejolves of Con^eJs
and their Financier General's Objerwations
thereupon]
Resolved, that the fubferibers to the said
bank shall be incorporated agreeably to the
principles and terms of the plan under the
name of, The President, Directors, and Com
pany of the Bank of North America, so soon
as the fubfeription shall be filled, the direct
ors and president chosen, and application for
that purpose be made to Congress, by the pre
sident and diredors ele&ed.
Resolved, That it be recommended to the
several States, by proper laws for that purpose,
to provide that no other bank or bankers
shall be established or permitted within the
said States, refpedively, during the war.
Resolved, That the notes hereafter to be
issued by the said bank, payable on demand,
shall be receivable in payment of all taxes,
duties, and debts due, or that may become
due, or payable to the United States.
Resolved, That Congress will recommend
to the several legillatures to pass laws making
it felony, without benefit of clergy, for any
person to counterfeit bank notes, or to pass
such notes, knowing them to be counterfeit;
also making it felony, without benefit of cler
gy, for any president, infpedor, diredor,
officer or servant of the bank to convert any
of the property, money, or credit of the fai'd
bank to his own use, or in any other way to
be guilty of fraud or embezzlement, as an
officer or servant of the said bank.
Extract from the minutes,
Charles Thompson, Sec'ry.
To those acquainted with the fubjed, it is
unnectffiry to observe, that when the credit
of a bank is ful y established, and it is known
to possess ccnfiderable funds, the notes wi.l
rot only have an equal currency with gold and
firver, but even be preferred to those precious
metals. These notes are more portable, they
are not like hard money, liable to be clipped,
or otherwise fraudulently reduced; the care
taken by bankers, for their own fak s, and
the private checks the use and continually
vary, provide much more effectual!, against
counterfeits, t an can be done by any kind of
carriage, and the certainty of receiving gold
and fiver on demand, taket away th- pe^bi
lity of depreciation.
The eighteenth article points out the mode
of delivering the business over out of their
hands into those of the proper officers.
The sixteenth article, which provides for
the incorporation, is of such apparent proprie
ty, that nothing need be said upon that fub
je&; and the fifth article, designating the
rights of the Stockholders, is founded on prin
cipals so well known, understood, and felt
throughout America, that explanations or ar
guments would be fuperfluous.
The sixth, seventh, eighth, and tenth arti
cles, contain the outlines of the civil govern
ment of the corporation after it shall have been
formed, as the holders will not only be nu
merous but be scattered through this country,
and perhaps some of them reside in Europe,
it will be impossible for them to manage, in
person, their own interests; the common doct
rine of representation, therefore, becomes
necessary : how properly their doctrine is ap
plied, is submitted to the consideration of
those who may choose to become concerned.
In confidence, however, that they will be con
vinced, care is taken of individual interests as
well as of the general concern.
The feventeeth article is framed according
to our present situation, and what is conceived
to be the disposition of mens minds to pursue
the public interest: if time and circumstances
shall, by rendering the duties more laborious,
or from any other cause, require an alteration,
the means of making it are provided for.
The twelfth article is intended to give, on
the part of government, that credit to bank
notes which the interest and convenience of
individuals will naturally lead them to give
in their turn. It is intended that the govern
ment shall derive advantages from this institu
tion; government therefore Should support
it: not indeed by attempts to compel the ac
ceptance of bank notes ; this would be equally
unnecessary and unjust, but merely by receiv
ing a medium, the value of which is unquest
ionable.
The fourteenth article contains that com
mon provision against counterfeits, which the
villainy of a part of mankind has most unhap
pily compelled all governments to make in the
like cases.
This full acquiefcene of the supreme repre
sentatives of America, gives such weight to
the reasonings on that fubjed, as carries with
it the fulled conviction,
It is not therefore to enforce but to explain
the plan, that I have taken the liberty to sub
mit the following observation.-
The fcur firft articles relate to the stock and
the means of obtaining it— Four hundred
thousand dollars are named ; because it is con
ceived that such fem will be fpcedily ard rea
dily subscribed. How far it may be adequate
to the purposes in view, or how much greater
sum might have been subscribed, are umeceffa
ry questions: let us at present make use of the
resources clearly in our power, and if (as is
most probable) those resources shall, on expe
riment appear greater than at present, then,
according to the 9th article, the operation ma,
be further extended, so as fully to answer the
end proposed.
The gentlemen named to receive the sub
scriptions are the present directors of the Penn
sylvania Bank: as this business mult of necessi
ty be, in the present instance, tranfaded by
private persons, and as they are generally
known in that line,, they 'naturally present
themselves to our confideratiorf; their private
characters will give additional weight to all
their exertions.
Extras of a letter dated New-Castle, 18 miles
this fide of Richmond, May 28, 1781.
“ Yesterday was a week since Cornwallis
joined Arnold, (Philips being dead of a fever)
at Peterlburg ; the latter had 3500 men, the
former 1500. The Thursday following they
marched down opposite to Weftover, (25
miles below Richmond) where they were re
inforced by 2000 men from New-York.
Their whole force confills of at least 6goo men,
now said to ha e crofted to Wetlover, and in
motion towards Richmond. The Marquis la
Faye te evacuated Richmond lai! night, and
retreated to M indole's bridge, about 8 miles
above Richmond inclining to he north He
has about 1500 regulars, and 4.000 militia,
and will be ab<e to make a stand as fi.on as the
reinforcements <f the back militia come up,
who turn out in great numbers, well aimed
with rifiles and muskets. Col. Campbell is
at the head of a confideiable body."
The credit of bank paper from these cir
cumstances has always b:en very great, in
every country where banks have been establish
ed. It is therefore almost reduced to a cer
tainty, that it will be so in America, for in all
reasoning on this fubjed, our surest guide is
experience.
To prevent the bank from abusing public
confidence, the eleventh and thirteenth arti
cles are provided, by which the fuperintend
ant of the finances of the United States is ena
bled to fee all their operations, of course from
the deep interest which government mult have
in the integrity of their conduct, he will take
care that they do notfwell their paper circula
tion beyond the reasonable bounds, which
their capital will juftify.
The Congress have entered too fully into the
force of reasoning, as wifely to provide by the
third resolution against attempts, which pri
vate persons might make of a Similar nature,
and with equal propriety have extended the
restriction only, during the continuance of the
war, leaving to a future period the provisions
which may then become necessary.
The fourteenth and fifteenth articles con
tain cautionary provisions, equally beneficial
co the corporation and to the public at large,
—Provisions, which are certainly founded in
the most evident justice.—For, however pro
per it may be, to mingle all possible mildr.cfs
in the criminal law of a country, it cannot ad
mit of doubt, that the flagrant breach of the
greatest public trusts, ought to receive the ex
tremest punishments, which can be inflicted by
human laws.
Extracts from Rebel Papers.
HARTFOR D, May 29.
On Saturday the 16th inst. his Excellency
General Washington, accompanied by Gene
ral Knox, Gen. Du Portail, and their ref
pedive suites, arrived at Weathers-Field ; be
ing escorted into town by a number of gentle
men from Hartford and Weathersfield. As
he dismounted at his quarters he was saluted
by the difeharge of 13 cannon, by the corps
of artillery under the command of Captain
Frederick Bull.
On Monday the 21st inst his Excellency the
Count De Rochambeau, commanding the ar
my of his Most Christian Majesty, at New-
Port, General Chatteleau, and suites, ar
rived at Weathersfield. They were met at
Hartford by his Excellency Gen. Washington,
the officers of the army, and a number of
gentlemen who accompanied them to Wea
thersfield, where they were saluted with a
dilcharge of cannon.,
From the NE^-JERSEr JOURNAL,
Of JUNE 13.
To ask the end, which it is proposed to an
swer by this institution of a bank, is merely to
call the public attention to the situation of
our affairs. A depreciating paper currency
has unhappily been the source of infinite pri
vate mifehief, numberless frauds and the great
est distress—the national calamities have mov
ed with an equal pace—and the publick credit
has received the deepest injury. This is a
circumstance, so unusual in republican go
vernments, that we may boldly affirm, it can
not continue one moment, after the several le
filatures shall have determined to take those
vigorous and effectual measures, to which the
public voice now loudly commands their at
tention. In the mean time, the exigencies of
our revenues, while at the fame time, there is
not such confidence eltablifhed, as will call
out for that purpose the funds of individual
citizens.—The use then, of a bank is, to aid
the government by their monies and credit,
for which they will have every proper reward
and Security. To gain from individuals that
credit, which property, abilities and integri
ty, never fail to command.
ROBERT MORRIS.
Philadelphia, May 28, 1781.
To supply the loss of that paper money
which, becoming more and more useless, calls
every day more loudly for its final redemption,
and to give a new spring to commerce, in the
moment, when, by the removal of all restric
tions, the citizens of America Shall enjoy and
possess that freedom for which they contend.
In return for these benefits, the fubferi bers
as they will be entitled to, so they will re
ceive that advantage from this investment of
their capital which has inevitably attended the
business in of banking in every fiee commer
cial country.
It might be expected that some address
should be made to the patriotism of the pub
lie on this occasion; but this is needless; let
the measure be examined, and let it be sup
ported only so far as it is reasonable, ufeful
and just.
INFORMS his friends, owners and matters of
vessels, that he continues to bake SHIP BREAD,
at his house, No. 24, John Street. He presents his
thanks to his old ship-mates and friends, for their
favours. He is determined to bake the belt of bread,
knowing the distress of eating bad bread at sea, by
the experience 0 upwards of thirty years. All
Captains of vessels who want the best of bread to
keep, will please to call before hand, and they shall
be provided with the best, on reasonable terms.
N. B. WATER and BUTTER BISCUIT,
made from the belt of Philadelphia fuperfine frelh
flour, for cabbin or family use, in small or great
quantities,
SALES by AUCTION,
By Duncan, Barclay, & Co.
THIS DA Y, at ten o'clock,
Will begin the sale of all the elegant and valuable
PLATE, HOUSHOLD FURNITURE, &c. of
William Butler, Efq;(who is gone to Euiope)
AT his late dwelling-house, the corner of Nassau
and Fair-streets. The sale to continue from
day to day till the whole are disposed of, confiding
of silver tea urns, coffee and tea pots, sugar difhefy
tureens, butter boats and chaffing dishes, porter
mugs, tumblers and goblets, salvers, sets of carters,
and faits, soup, table and tea spoons, cases of silver
and ivory handled knives and forks, a great variety
of mahogany dining, breakfart, card and fide board
tables, large and small chairs and bedsteads, with
damask furniture; mahogany deiks and bureau, waft
hand hands, wilton carpets, looking glasses and
sconces, girandoles; table, tea, and ornamental
china, glass and earthen ware, an elegant table
clock, a very good phaeton and harness, a large
quantity of kitchen furniture, &c. &c.
ON Thursday next at one o'clock at the Coffee-
Houle will be Qd, a LOT OF GROUND,
situated on the weft file of Broad-ft'reet, near the
Exchange, containing in breadth, front, and rear,
about thirty one feet, and in depth on each fide,
about forty-eight feet.
The premises may be immediately entered upon,
and a uood title will be given for the fame-
Imported in the lalt ships horn London and Glalgow,
and now open for sale at
Robert Bogle, and Co's.
STORE, No. 20, Hancver-Square, oppofue Messrs.
Bowman and Codner,
YARD wide and ,-8 Irilh linen.
Low priced Meeting,
Nuns thread and coloured ditto,
Corderoys, jeans and Dutch cord,
Men and womens thread hole ; flowered aprons.
Plain lawn, plain and chain gauzes, catgut, &c.
Black and coloured silk handkerchiefs, printed do.
Velvet bound hats, womans callimancoe (hoes,
Childrens Morocco ditto, sorted,
A few trunks of Holes's ditto.
Hardware and cutlery, stationary,
Soap and candles, glass ware, &c. &c.
From the Freeman's Journal, (PbiWefyfy'
dated June 13,
On Sunday arrived the Brig Aliday, fiom
Cork, late commanded by Captain Stewart,
She was taken by the Fair American and an
eastern privateer. Her cargo, 'beef, poik,
butter, and Irish linens. She failed from Cork
the 28th of March.
The Captain of th 6 prize fays that a fleet of
about 170 transports and victuallers, having
on board near 4000 troops, bound to Charlef
town, Chefapeak, and New-York, failed from
Cork on the 27th of March; and that the
grand British fleet, confiding of 32 fliips of the
line, and a great number of transports, &c.
defined for the relief of Gibraltar, having
touched at Cork for the purpose of/aking in
troops, also left the last mentioned place the
27th of March, and after efcortiag the fleet
destined for America, to a certain latitude,
Shaped their course for Gibraltar, leaving a
64 gun Ship and a frigate, to protest the fleet
bound to this continent.
Extras of a letter from the Lieutenant of Bedford
Count,, dated June 2, ^Bt.
" By an express this moment from Frank's
Town, we have the difagreeable'news that as
a party of volunteers from Bedford were going
to Frank's Town, a part, of Indians fell in
with them this morning, killed 30, and only
7 made their efeape to the garrison at Frank's
Town."
STRAYED or Stolen from behind the General
J Hospital, on or about the eight of May last, a
nnall B AY GELDING, about fourteen hands
high, about seven years old, a very heavy trotter, a
star in his foiehead, and his legs, tail, and mane
black. Whoever will bring the said horse to the
fubferiber, or give such information as he may be
had again, shall have Five Dollars reward, by apply
ing to MEDCEF EDEN,
Brewer, on Golden-Hill.
N. B. Wanted a man to vro kin a garden.
WANTED, as apprentices to a MILLINER,
one or two young GIRLS. For further
particulars enquire of the printer.
WAN FED, a fchooJmafter to teach reading,
writing, and arithmetic : Good encourage
ment will be given by Barrant Johnson, and Martig
Schenck, in Wallabought, on Long-Island.
^✓HE woi fhipful M^fter and Brethren of Lodge
A No. 210, Aritient Y®rk Masons, intend cele
brating the Anniserfary Festival of their Patron St.
John the Baptist, on Monday the 25th of June, with
Brotheis Hay and Kirk, at Brooklyn-Hall, when
the Company of any Antient Brethren will be
esteemed as an honour confer'd on them, by attend
ing at the Lodge Room Brother Marshall's, John
ftreet, oppefite the Play-House piecifely at 9 o'Clock,
A. M. These Brethren who intend celebrating the
Day with us, will be pleased to call on Brother Jasper
Ruckle, No. 7, Crown-street, Corner of Nassau-
Iteet, in order to receive Tickets for their Admit
tance, on or before the Saturday preceeding the Day.
By Order of the Worfhipful Matter,
JAM&S FOREMAN, Secr'y.
J O Y CE's
Grand American Balsam,
SOLD BY H. GAINE.
Richard Jenkins,