Alexandria daily gazette, commercial & political — Alexandria [Va.], 1810-03-26 00:00:00, page 2

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Potompc do. - 103
He lum: . :,par
\Vuhlnsnon Bridgo ' par
-Lhdo-Rlver Tumpilu - uncertgin
wmm tnd Alexandria do. . ppr
Toblcco, Mnyland
Potomc
Gsiat ﬂundng' Creon Brldge, Mncormin.
Lghmess on London. 33" c'cnt below par.
BuElnc Salc.
THE )ubdcriþer; py vinne'bf a deed of
trust io'h'im from Mr. !l'illiam qugccton, du
;cd on thy )ssOtb—sidey of Novembn, in the yeaﬂ
xsoa. *for sho- purpose of indmniiying &.
John Hopkdctn—will, on' FRIDAYs-the find
And next. al- tb'o-honr'of'ti'e'lve o'clock 'ol
thctdz'y; (! hid ; .is not, on the next-bir dav ?
ar—thc-nme bour, pnocud cold], :! mbel
coun—bouu, in Alexandria sin public we- :
dom to tho' high": W- for ready money s
in dsiu mld o! ﬂowed": in the
and ofVþgind- - ..ss _ , ,
sithemgn'chofþpdvne ma by ;
MWNYWV John Why three
. new!. m coﬄninmmpaw, m
.Wind beardm 'gucdn'; sin:
" w
—-—- !.va
m—sissh- the'timc of m'gnnp (or the
TAiexabdcia Pride Cuncnt - si;
FORELGN ARTICLES.
m."... . -o-o -
_ssp..x.-.H:8 OF STOCsiKS.
sis-AWR 'L QNQMN,
Rnd—tmch
DOMESTIC ARTICLES.
ss ;simn 'sinp mumﬂct
* MOADJY, HARCHWC
COIIICTD 'Illlgl'o
I
ss - lb.
si ] has
C'p C.
Let}; \ 25
0 43, '
11 49
3 89
box! 1pr 4
lb. 2 9: 3 5
go!. 55 60
but. 13 60
: 75 90
, lb. 7 } 8_
' ' 22 24
. 28 ,32
galss ! 80 2'
' ! J. ??
{"Si-31 ,. so
] ct ] lo
95 l
2
0 .
'ct hbl.
, bad.
. galss.
* ton
" cwt.
!
box
25].
(:wt.
bbl.
100.
lbi.
0 03!) C
9 10
13
12.
6 ,
sso
360 -
19 p!
17 18
"8 12
17- 1a_
1 so :
75049
37:
6 3
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67 70
75 so
13 , 16 .
'\4 [5
14 16
[20- 12:
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70 75
68 70
I! 12 '
2'0 21
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zsou 50
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4...—
77
n']: . -
Þuwmc'm in ypur ment ro
Fpom um Law would common thc þrinci
d meum of-ths 'Un'ited'M sof "do
Fnying _exmordi try expencn, the com
Tnfineect osif viy: til sict mew hue'ctinnmct'ed
ss me to request. th;- you willvr your
opinion and thc'msiorc efiglble m : of ob
' niniqg money'by M—kesicping in view
" sibotb ' che snility :of bonowisilig sum com
' memuntefwith—the exigenciea of zthe U
sis State. add the ulcimne cxcinguinbmenc of
ssthe'dpbc conuaccei. -
Yorhavc already given younopinioo in
(no: ofanincreue otfdmin on importa
tion. ctssTo what exeent on this be carried
- willlnfety ! Can any other reaources ex
cept um and lous be relied on for imme
si diacesevenuc ?
ctannual report of Nevember Slh 1807, refer
red to in that of this year, " that the seve
nl baa'u-ol the United Statee might find it
convenient us the dimiuiahed commerce at
the country might require-less capital, to
load to govemment-a- considerable portion
ostheitveapital stock, than compared at a
bout forty milliom of dollara-" .Such tem
! ponry loam can be obtained only to ali
] mitted amount ; but they are convenient in
1two respecur-lst. They do not diminish
: the facility ofssObt-aining o'ssher ioani from m
ss dividuzll, insomuch as they do out increase
the- unount o! stock or market :si2dly.' Be
ing redeemable at will, and in any some
' which may suit the- inconvenience of go
vemmemstntctnt is paid only as long as
the money it wanted ; and. the extinguizhct.
ment of the debt contracted is rendered
lnore easy udsieertain. - \
' ' ed. Loansct haste, obtained from indi
vidnla to an extensit comnemurate with
si the lution! cipital,.lnd1itititbdsi by the ,
ietinz demuidsdrllhdt cppital'toe_ 'a
; to ei't'cssumqtlaucekgv "alway: giviag'sishg
, erenoe to the most simple {out; thatuu
eﬀect the.objee_t-_ ct_ ionof the public
:landemny perhm-i neeunry, either"
cteuibenss bedudtegeouely maid in se
hilzndnthmmmmvt _ m
o-O- -----
\\ " "
\\*
7 " law,:
.c' premium or-byss'ivhz _In— optien th nb-ct
] 1 have the honorto be,
- With'ctreopect,
-'Your most obedient,
s ' ]OHN VV; EPPES.
rctiltiert Gallatin, E .
Secrelary qsllze 1" reamfy.
'of the exchanged six per cent. stock, q
mountinstsio 3,750,000 doﬂan, and in 1811,
thesivhotectof the converted six per coat.
stork, emounting to 1,860,000 dollars. It
is probable that the owner: of those two ﬂpro
ss'ciea of stock would consent to re-loan the
emount, provided it was irrcdecmable for a
few years. .
_ —2dly. [thus already'been-stated in the.
February-QS, 1810.
n': . .
( 'HAVE the honor to submit the fol
iowing observationa in anower to the seve
ral Objects of enquiry embraced by your
letter of the ach ultimo. The mount of
extrqordinary apences which may beau
thorized by Congress being yet unascer
tained, it is not even practieal to-etate with
precision the sum which niay-be wanted'on
[on for the service of this year. And in
relation to emuingsi yearssi it would be pre
mature to hy'downvany general rules--re
opening the most eiigibie mode os borrow
ing some of money, commmsurate with the
exigcncies of the United State: in case of
war. Je is therefore thodght sufficient so:
the prennt to point out some of the most
obviom means oi'efsecting loam generally ;
leaving it a subject of 'consequcnt conside
ration to decide according to exilting cir
eummmees on the men eligible mode, and
on the arrangement oidnam. si
-'l'he enqunies of the committee of way:
and meane apply to the three following
points : lst. What is the most eligibl'e'
made of obtaining money by luans, keeping
in view both the iacility of borrowing sum:
commemumte with the exigencien us the
United State;, and the ultimate extinguioh
ment of the debt contracted ? .2dly. 'l'u
what extent can.:m increule of dutiel on
importation be carried with lnsety ? ley.
Can any other renourees beside: tum and
loam be telied on {or immediate revmue?
Itt.siThe commiuiotm-e of the tinkingss
sum! will, but of the lnnual approtriation ss
of eight millionl us dolllro for the pnyment ss
of the—debt, reimbune, in 1810, the restdue ss
Z-Tuuuav Dzux'ruurr,
The teine mon my mod-ct
4
4
- al debt cannot be diminished unless the az
1 .would not heritatv however to mention
an additional duty of five per cent on mer
chandize' paying ad vhiorem 'dutiee, and an
_ si esse - ssl-B per cent oathe exieting
d'titi'esse on all other; articlel, n attended
with-nry little danger, end meferable toa
n other new lource of tuation. A renew
'*{of the duty on salt, which prodncd-eix
hundred msiusimctsisi : year,-uny be
ss mepuoub' in :. keepen, but on u
iWÞ ?!MÞW Am! "side- HW?
ctzter of opinion to be tested by experience...
1 wnttn utmost doubt. . every ment! year:.
lj nlnnnn- sin Isi- nnnnn : lllllllll N. ﬂs 'h'
si the reoidne' be fimﬂdcd'sifor by. th'.- lm-ct-ss s
sithe en quililsi .ym. ,.I'hnss wool. PF'FYPÞ
"tion of—the revenue, though from 10 ifva
way, is keptilitbin etrict boundo, (actual:
both-the collection ofthe— revenue end the
—-lsiom themselvea. 3 si
.ln tsiehtion to the extilt 'tlhment of the.
debt contracted, thoee-who' bsiotrow cant do
nothing more than to provide and nltdse
nuns sufficient for thnt object. and togwe
such : form to the debt as may not - imped
ita redemptioa. - To'recdeff it irredectm
'ble'ssfot no longertsiime than in neceuaryss
in order to obtain the money; to make it
reimbunable by 'mntalme'nu at fixed peri
ods; never to create for the nke of dimi
rfishing the anon:] interen, : greater no
minal amount of stock than the sum actu
ally borrowed, andubovedtnever to "m
cur expence: which'are-nsiot ictuallysinecee
easy for the defence or wclsatre oftbo conn
try, are principle: encntial for a-sination
which-ssdore. .not contemplate & system of
perpetualand increasing debt. But for its
actualreimbunement we must principally
depend on the retu'n of grosperout circum
' On that subject, but little can be ldded
to the opinions expressed un former occa
sions. [still think that this source of re
venue it in thc*United-Statea, and at this
time the most productivc, and rasielt to
coilecc, the least burthensome to the great
man of the people ; and that the duties on'
importations generally may, in case of war,
be doubled without inconvenience or dan
tra
8 in time of peace, and particularly under
existing- circumstances, habit. of unus
giing might be promoted by no gre'at an
encrease. But the.precioe me which may
with safety be adopted cen only be . mat
Those considerationt. connecte with o
thers etatt-d at large in the annunl re'poru
ol Nov. 1506 and Dec. 1808, have pro
ductd a convittion thet loann might with
out danger br rm-rte'd to'ctas the principal
recource lot- supporting : war. Permit me
atthe same time to obsi—ivev that the oug
gettion had been confined to that object tt
lone, and that, exceptingthe case of Wll',
either. immediate nr contemplated, it -ap
pears consistent with sound policy to taile
during the year thcsim-ssano ossi defreying all
the national expencea, borrowing no larger
sum than the amount of principal of old
debt paid during the year. 'The propriety
for providing, even in time of war, a te.
t-enue equal to the annttal apencu on :
peace establithment, the: interestos the ex
isting debt, and that on the leans which
may be tained, has also been suggested in
souner rtporta. "
gregate-bf revenue includ us the sond.- as
aigned to the ainking- fond. and exclum'ely
of new loan, exceeds the aggrcgate use:
penditures, .other :hm those for the- pay.
ment of the principnlof the debt. Tavora
ble circumstances, and a rigid ceonomy in
the current expences hlt't' enahlf-d the U.
States to nimburse during the last eight
years, one half of the debt creatczl'by the
revolutionary war, and during same of the
evening year. 'Sim'tlnr ciremmtances, and
an adherence to the same principle: will—be
ressquiaite to secure the n.;tttal reimbursc
ment osthe debt whichit may now be ne
cessary tQ contract. But that- government
will possess rtaourceeamply sufficient for
that object, cannot be doubted. The pro
Cccds Of the public lands would alone slow
ly perhaps, but certainly extinguish-n much
greater debt than the Unite'd State: have tt
now in their power to create. And .it is
sufficiently .ascemined that the national
Wcallh osthe United Stam, and therefore
the means of nioing revenue increne in :
ratio ttill more rapid than their population
.........., .... ...e "."... "-""-.. --
country, and on sithe wisdom of our luc
cessors. -The artificial prov'nions of a
sinking fond may alway: be rendered inef
ficient by the necessitiec or extravagance of
govetnm:nt.ss siThe real nmount of : natton
lucreaae of Duties.
HE subscn'bcr, utm- c 'lzpoe of time
neceun-ily oonsumcdf in chessQi-epm
tion of his house. nepectsully cnnouncogco
tho citizens'of Almndrb, .- ye" up the
communityctt urge, Middntahn {or .
term of years that noted guleligiþh unde
liclnnent Why the man owh- Cl'lss-l'
'HOTEL, n_d oncc'dec by mct cum.
wbm di'ctioguished ' ' .u "nukuuim
gne it an eclut Which [bcte' "Middl- hopei
topnsem by his unwonted exertion in
Jording to an thou whom} Emser on him
the favor of MWNW and com
{amble ycoomtpqdalomiss 'The "'subocribcr '
deem: it conceal" N-Muu,the !:an
' rome-med umchssysi
oul. and will only Mr sssi ssu
ﬂat "don of ssu'ncllhn whasihbgssco sinne?—
nlly mm nummnsi cdhltigcizzssss si
ss 'si . jamcsctBrook
rmuct " si- " 'ct- ws ,
'ndisi-Lsio-ssmuner-ct:<--mi' as. sswzsiﬂ,
mio- tbÞ-PWM? Mask, Nþcmd.
[UMW fdajlomsonhc fand" ct
miss."; j sishef'mouauhhnbu ma,"
so! We bdrl'clhigfi-hc'd- is no cred'nsi 9,
3 cegditjnf onlyctciztyss dct'lyl no lnqmd so,
:fie'sipaym'enr of th; propoquddilidunl du
-tiu. ' . ss . " "
-' Fame land:; .
- These conn'um the 'ouly,-3kcnnatiou1
summe cxclusively 'ofss- low god tun.—
ley have dready bull mentioned as som
ingp-(nnd for the ultimnn-ctucidguishqm
of the publicdchz add che, pouibiliey 6!
"their being- used ny : man of ,sacilimiqg
lain; has been lugssk'nc (1. 'A phﬂioo thigh}
tho bc_u*csully upplie'd 'n-si' &- bdpn'oy lo octfi.
sicqrs and, boldien whgnsi'cfrsser it may become
necemrcty to hide 'actcomideqableisorci...si
But at its object of immediate qcysscuuc, (
_ much sidbubt whether lbic'can be matbtially
cncrcncd without :! ra'dicd change in the
prectrnt system. ct - . '.
last' recsicivcd, per schnoncr' Elith,si and
for Me by
sinlot len man xcv.-non onceectnre now in
full operation, oﬀering : grent-cboiee of
Ind:. eituuted tn vnriotn climatea,
and euited to the habit: of the citiunt of
every portion of the Union. They are told
at the rate of two dollnn per nere, or ra.
ther at one dollar and sixty sour'cents, if
paid sor at the time of purchase, & in tract
of one hundred and 05: ) corn. " Asie much
is cold as there it actual demand (or" land in
simihr situations it that *price. The tale:
are however almost exclnsively confined to
thoee who are or intend to becott'tenetu-tl
ecttlere, and all thesimoney which'y'un be
raised by that description- of pdcchuen jt
annually- .pnidssto the United Sutee. In
order to encreue imedietely the aniount
of nia, a diﬀerelzt capital from that "hid!
has heretosore been applied to th'at"object,
the cap'ttal of person: who will purchase for
the purpose of sellingognin with ! profit,
must be brought intdactisson. But it'ie' et-i
dent thIr-no person-wiu purchatsse lands at
the present price as an objectof lpecula
tion,- whiln the' United'ssStom continue to
sell at the name price in small trdcu. -To
eﬀect the proposed object, it would he ne
cessary not only to reduce the price, but to
make a diﬀerence between that of lands
sold in large tracts,-au;l that asked for omen
tracts susijcit nt to encourage purchaser: on
an cUthVe-uale. That alteration might
produce en additional revenue but nppeon
to me extremely injuriout in other relpf'ctl
T he prmnt system olf cal: . hat been tr'tsid,
and alm'tctl'l the up cmiont of the legitlat
ture. A gradual eacrean must. notwith
ttanding oome temporary ﬂuctuatiom, .ne
cemmly take place. On that ! would sely;
nor" would l venture to my . any mthei'
change than that nlrendy promod on . sor
met pccnsiton. & moderate end geneyal re
ducuen o! pricel, ducontinuing at thc tame
time Ill litle! on credit, but continuing to
loutit the name rule large or smell tract- of
th '
( have the honor to be,
.Very-reapectsully; '
Str, )our obedient eervlht,
ALBERT GALLctA'slN.
Faxon, Metcaif and Co.
25 boxes, end 25 half ditioﬂolsisisir'tsi Cho
colutc, part of which {a of fifsin- qhalil'y'fin
small boxessicuitablc lor fumiliea- .
Tlu-y have on hand,
VVriting and Wrapping Paper,
Mould Candle: andBo-ton Bcef,
Honsijsshn W. By)"; Chbt'r'man of
the tomuu'ttee q/ mynmd meam.
Also, :: general mument Shop, ct
March'22.
. .
!
" in} brawn ' '
TO THE PUBLIC.sisisi si
= cnocdsifim.
— ' )