The Newhampshire gazetteer — Exeter, N.H., 1792-01-14 00:00:00, page 1

Newhampfhire
EXETER, (New-Ham,/hire) Printed and Published by HENRY RANLET, at Eight Shillings per annum.
MNECK AR thews from the re^
• getters of Lisbon and Ca
diz, chat the importation of gold and
silver into Europe, is five millions
sterling annually, He has not ta-'
ken it on a tingle year, But on an a-'
verage as fifteen succeeding years,
from 1763 to 1777, both inclusive ;
in which time the amount was one j
thousand eight hundred million livres, !
which is seventy five millions ller-
From the commencement of the
Hanover succession in 1514, to the
time Mr. Chalmers published, is fe
veny two years : and the quantity
imported into Europe in that time,
would be three hundred and sixty
millions fcrling.
If rhe foreign commerce of Great
Britain be ftatd at a fix h part of
what the whole foreign commerce of
Europe amounts to; (which is pro
bably an inferior estimation to what
the gentlemen at the Exchange would
allow) the proportion which Britain
ffiould draw by commerce of this sum,
to keep herfelf on a proportion with
the rest of Europe, would be also a
sixth part, which is sixty millions
sterling ; and if the fame allowance
for watte and accident be made for
England, which M. N-ckar makes
France, the quantity remaining after
these deductions, would be fifty two
millions ; and this sum ought to
have 'deeti in the nation (at the time
Mr. Chalmers published) in additi
on to the sum which was in the nation
at the commencement of the Hanover
fucceffi.m, arid to have made in the
Whole it lead sixty fix rhillions ster
ling ; instead of which, there were
but twenty millions, which is fort,
fix millions b.low its proportionate
quantity.,
As the Quantity if gold and fllver
imported into Lilbon and Cadiz is
more exactly afeertained than that of
any coriniodity imported into England
—anJ aS the quantity of money coin
ed at the Tower of London is fail
Kib-e poriri^dy known, the leading
f%&s do not adroit of controversy.
Either, therS'&r& the commerce of
England is unproductive of profit, or
the gold ahd silver which it brings
in, leak continually away by unseen
means, dt the average rate df aboat
three quarters of 1 year; which, inl
the course of levertt, two years, ac
counts for the deficiently ; and its
a&feuce is supplied by paper.f
koras.
* Adminif ration of the Finances df
France, Fol. Hi.
t Whether the Edglife commerce does
not bring in money, or whether the Go
vernment fends it oki for it is brought
in, it a matter which the parties con
terned edh bid explain ;but that the
deficiency exifs, is not in the power of
erher to disprove- While »r. Price,
fifr. Eden, (new Auckland) Mr. Chal
fliers, and others, were debating wbe
sber the quantify of motley it England
was greater or left than at the Revolu
fou. the cireumfonee was not adverted
io, that face the Revolution, there can
nit have been left toan four hundred
mllionsfaring imported into- Europe ;
RIGHTSor MAN,&c.
SATURDAY, January 14, 1792.]
MISCELLANEOUS
CHAPTER.
[ln Continuation],
therefore the quantity in England ought
at leaf to have 'ten four times greater
that it was at th Revolution, to be on
d proportion with Europe. What En
gland is not) dsing by paper, is what
Jhe fooula have been able to have done
by /olid money, if gold and fiver baa
come ir.to ihe nation in the proportion it
eight, or bad not been font out ; and
fee is cH/edtokridg to reflore by paper,
the balance the has loft by mtney. It
is certain that the gold endfl ver which
arrive annually in the regifer ships to
Spain dad Pdriugal, do not remain in
those countries, faking the value half
in gold and hdlf in fl-ver; it is about
four hundred tons annually ; did from
the number of fefs and galloons employ,
ed in the trade of bringing-tbifc metals
ftom South America to Portugal and
Spain, the quantity fefficiently proves
it/elf, without referring to the regifers.
In the fiuation England now is, it is
impossible fee can increaje in money.
High taxes not only lefts the property nJ
the individuals, but they lessen afo the
money capital of a nation, by inducing
f^'^gh^s > which can only be carried on
by gold and fiver. By the politics
-which the Britiy Government have car
ried on with the inland powers of Ger
many, and the Continent, it bds made
an enemy of all the Maritime powers,
and is therefore obliged to keep up a
large navy ; but though the naty is
built in England, the naval /lores mus
be purchased from abroad, and that from
countries where the grea/ef part mus be
paid for in gold and fiver. Some fal
lacious. rumours ba-he been fit afloat in
England to indued a belief of money,
and, among others, th&t of the refugees
I bringing gredt quantities. The idea is
. ridiculous. Ibe general part of the mo
- lifin France is fiber ; and it would
have taken upwards of twenty of the
,largest bread wheel Waggons, with ten
borfes each, to remote one million fer
-1li"g V filler- Is it thee to be fuppo
\fed, that a few people feeing on hor/e
--back, or in pofl chaise, in a secret man
tier, and having the French Custom
Hoifi to paj's and the sea to cross, could
bring even a Sufficiency for their own
expenses ,
When millions of mony art ffoken of,
it Should bl rdcolleeted, that such jams
tan only accdmkldtt In a codnfty by flow
degree, anf^ltff^rt^^time,
the mos frugal 'fyfem .that England
ciuld now adopt, Would ,t recovers a
century tbl Balance fa bat lef in money
f nee the commencement Os the Ilanover
f^ccefth. She it seventy million! behind
France, sped fa inuft & ju feme touf
dtrdble proportion behind ever, coadtry
ih Europe beeguf the Englifb Wo, do
not few 44 irTOdfr of fame,r s^ill
. 'b, regifosof Lfort dad GaScz fora
an Euro; e@h increase of between three
and four hundred Millions feeler
The Revolution of France is at
tended with many novel circumstan
ces, not only in the political sphere,
but in the circle of money uanfedi
bns. Among others, it ihews that a
Government may be in a Rate df in
solvency, and a nation rich. So far
as the fastis confined to the late Go
ternm- nt of France, it was insolv
ent ; because the Nation, would no
longer support its extravagance, and
therefore it could no longer support
itfelf—but with refp~tl to theNaiion,
all the means exited. A Govern
ment may he said to be infolvcnt,
every time it applies to a nation to
discharge its arrears. The insolven
cy of the late Government of France,
Ind the prefect Government of En-
T HE
•
gland, differed in ho other refpc&
than as the disposition of the people
differ. The people of France refufed
their aid to the old Government ; and
the peole of England submit to taxa
tion witihout enquiry. What is cal
led the Crown in England, has been
: solvent several times ; the last of
which, publicity known, was in
May, 1,7,, when it applied to the
Nation to difeharge upwards of
£ 600,000, private debts, which O
therwise it could not pay.
• It was the error of Mr, Fitt, Mr.
Burke and all those who were unac
quainted with the affairs of France,
to confound the French nation with
the French government. The French
nation, in efta, endeavoured to ren
der the late government insolvent,
for the purpose of taking government
into its own hands ; and it reserved
its means for the foppor.t of the new
government. In a country of such
vast extent and population as France,
the natural means cannot be wanting ;
and the political means appear the
instant the Nation is disposed to per
mit them., When Mr. Burke, id a
speech last winter in. the British Par
liament, caf his eyes over the map of
Europe, and fa w a cbafm that once was
France, he talked like a dreamer of
dreams. The lame natural France
existed as before, and all the natural
means exiffed with it. The only
chasm was thAt which the extinction
of despotism had left and which was
to be filled up with a cbnftitution
more formidable In refoarces than the
power which had expired.
Although the French nation render
ed the late government infolvent,it did
not permit theinfolvency toad toward,
the creditors ; & the creditors cop fider
ing the Nation as the reel paymaster,
and the government only as the
agent, relied thenifelves on the Nati
on, in preferr nee to the government.
This appears greatly to disturb Mr.
Burke, as the precedent is fatal to
the policy by which governments
hare fuppoftd themfelres secure.
They have contrasted debts, with a
view of attaching what js called
the monied interest bl a Nation to
itheir support ; bat the example in
France Shews, that the permanent
fectirity of the creditor Is ih the Na
tion, and not in the Government ;
and that ih all possible rtvdlijtibns
• that may happen iri governments, the
means are always with the Nation,
and the Nation always in existence.
Mr. Burke argues, that the creditors
ought to have abided the fate bf the
government which they trailed ; but
the N^t dial .Affimbly considered
cheat as the crtdifor&df the Nation,
and not of the government —of the
master, and: not ofthe Retard.
NdtwithCwftihg the laid gdv&n
merit, could not difeharge the curren,
expenses, the present government has
paid off a great part of the capital.
This has been accomplished by two
means ; the one by leaning the ex
perfes of gorernajrinS dpd the bther
b, the feu 9f the mohaftic arid etcle
fiaftiqa! landed agates. The devo
tees and pdaecent debauchees, extor
tioners, and mifors offormer days,
to cafure themselves a bettirt world
than that which they were about to
leave, h<d bequeathed immebfe pro
perty if trust to the prfekte4, fo r
pious ufci; and the priesthood kept it
, for themselves. T^ National -As
sembly has ordered it ,4 be fold for
the good of the whole flatum, arid the
pfietlho^d to be decently provided,fpt,l
Gazetteer.
REASON and ignorance, the o'p.
pofces ofeach other, influence the
great bulk of mankind. If either of
these can be rendered fufficientl, ex
tensive in a country, the machinery
of government, goes cafily on. Rea
foj iobeys itself; and ignorance fub
mils to whatever is ai&attd to iu"
The. tto modes of government
which prevail in the world, are, ill
F Government by ek&fon arid repre
feotatibn zdly, Government by here
ditary focceffion. The former is ge
nerally known by the name of re
public ; the latter by that &f nicnar
thy and ariffocrity.
These ttto diiliha, and oppofi:e
forms, cre& themselves on the two
difica ahd eppofite basis of reason
and ignorance. As the exercise of
gbvetnn-eot requires talents and abi*
In consequence of the Revolution,
the annual interest of the debt of
France will be reduced at least fix
-millions Serling, by paying off up
wards of one hundred millions of the
capital ; which, with lelTening the
former expenses of government at
least three millions, will place France
in a situation worthy the imitation of
Europe.
Upon a whole review of the lub
jeft, how vast is he contrast ! While
Mr. Burke ha, been talking of a ge
neral bankrupcy in France, the Na;-
tional AfEmoly has b en paying'off
the capital of its debt; and while
taxes have increased rear a million a
yearin England, they have lowered
several millions a year in France.
Not a word has ei her Mr. Burke or
Mr. Pitt laid about F each affairs;
or the Rate of the French finances,
in the present fillion of Parliament.
The fubjed begins to be too well
understood, and imposition ferres no
longer, ,
I Thefe is ri general enigma run-
Iting thro' the whole of Mr. Bark's
book. He writes in a rage against
the National Affembiy ; but what is
he enraged about ? Ifhis alk rtions
were as true as they are groundless,
and that France by her Revolution
had annihilated her po-er, and be
come what he calls a ebfa. it might
excite thS grief of a Frenchman,
(considering himfclf as a national
man) and provoke his rage against
the National Affembiy ; but why
ffiould it excite the rage of Mr.
Burke f-—Alas ! it is not the Nation
of France that Mr. Burke means but
the COURT; and every Court in
Europe dreading the fame fate, is in
mourning; He writes neither in the
chata^er cif a Frenchman nor Englfh
man, but in the fawning charade, of
that creature known in all countries,
arid a friend to none, a Courtier.
Whether it be the Court of Versail
les, or the Court of St. James or of
Caflten House; or the Court in ex
pe&ation, fignifies not ; for the cat
terpiiler principles of all the Courts
and Courti^h are alike. They form
a common policy throughout Europe,
detathelf and feparatc from interest of
Nations: and while they appear" to
quarrel, they agree to plunder. No
, thing can be more terrible to a Court
or a Courtier, than the Revolution
,of France. That which is a blessing
td Nations is bitterness to them t arid
as iheit cxiftence depends On the
, duplicity of a country, they tremble
at the approach of principles, arid
dread the precedent that thilateris
their overthrew.
[Numb. 28 of Volume 6.
CONCLUSION.