The British Press; or, Morning Literary Advertiser.
London, England, 1820-11-15 00:00:00

TVIVIDAIN Novo uc 14.
Gosoa 44
Venice lial. Liv 11 69
Marta 45
Nspirs. ...... 30
Palermo, pas ll5
Liam ••• •
Drama 5l
Rio Jamie%
Bahia •• •• 111
Dallis
Cork

114•4•01 Gehl is I a.
Cele, wow.. • •
Geld ie .. 3 11
Nee Doehleees.... •

A PEW PL-A/N FACtS..
(EXTRACT IEOII A PAil PILE? Rut /Tilii
PUBLISIIII9 WITS THIS TITLE.)
(Confinsai from our Popov of polo/May
I knob but one condition the public creditor
ought ►n prudence to mike, and that is, full mud
pert'. ct secur►ty against the recurrence of en equally
extravagant expenditure, and its certain cnaoe-
que►►cr,al► equal ruorutoua debt. It sway be difficult
to find this security. but where there is a will there
is • way ; and if we loose snit the will then are we
ripe for destruction, and our present rstabliahlueut
will fall to ;items, and new combinations will take
place. as do en the dissolution of bodies in the pliye
skid world.

The morals sod existence of a people. words
nearly the same in effeet, have often beets compared
to the life of man. History justifies the comparison.
but remand' does nut : murals do nut grow eld,
end corrupt one. may become sound without that
purification DI centuries, of war awl bloodshed,
those revolutions in governments and religion, which
were found tiecessaary to 'may the Roman empire.
In Force Rousido, was proverbial—may not Lon.
doss claim en equality, if nut superiority in vice, to
ancient Hume?
That the great and rich, that the timid and aged,
that those having children, can look on sod not be
appalled, could not have been predi.oited of beings
iu any degree rational. Alas! whatever onr vanity
may make as assume, sod which our religion en-
courages and justifies, notwithstauding the opposite
doctrines of humility which it enjoins, we are
scarcely rational being., we are little more theta
talking reasoning animals.
Let no cuss fancy his composure is the ressult"of
firmness ; it is the result of fully, or the absence of
thought : as well might those who were feasting at
Babylon boast of firmness, when Cyrus surrounded
the city, and the hand-writing had declared its
fate.
We ore like old men on the extreme verge of
life, who see the quick awl certain fate of each
other, and even talk of their own, but really think
no more about it than the young and vigorous just
bursting into manhood.
We talk indeed shoot a public bankruptcy;
but, by some strange infatuAtion, set as if it were
never to happen, or impossible to prevent or to
mitigate its effect.
May we not be compared to that proverbially
silly animal the woodcock ? which is said, on the
approach of danger, to shut its eyes and plunge its
lung bill in the ground. and then, no longer seeing
the danger, believes it past. Are we wiser then
woodcocks

If the above observations be in any degree cor•
rect, • partial reduction of the tuitional debt, and
a proper allotment of the revenue of the church,
are as necessary ae to cut away the masts of a ship
in a violent storm, to prevent instant destruction.
It is therefore proposed,
I. The one-fourth of the public debt should be,
without the smallest exception, immediately aiiM.
hulloed. The fall me individuals may be' broken by
the payment of interest on one half of the fourth,
the first year.
2. Five shillings in the pound property.tax
should be laid on land, till redeemed by a transfer
of stock of equal morainal value, to be immediately
annihilated.
Income derived from trade, or the labour of the
head and hand., should be exempted-from all con-
tribution. For as trade is now carried on, the
actual capital of the trader bears a very small pro-
portion to that which he obtains feom credit, sod
the inquisitorial examination into a trader's concerns
is hurtful and vexatiour, and little comparatively
was received Fiona trades and professions when the
property-tax was most woductire.
By this operation the relative situation of peo-
ple would remain nearly the same; fir notwith-
standing the decrease of their means numerically,
the powers or effect of them would remain the
saute.
Considerable difficulty might arise to convince
people of ilti. f.ct, and to destroy the vanity which
exists, arising fiom the possession of a great nominal
income.
The fear that it would increase the distress among
the working class. by throwing shore out of em-
ployment, is most groundless; for if the remaining
MrailS produce the saute effect as before their
Hominid diminution, the ability to employ work.
men most remain the same, and as prices would be
nominally lower, and more on a par with those ex-
isting elsewhere. it would not be unreasonable
to expect that more customers from abroad would
arose, and more workmen be employed at home.
Some of the most objectionable taxes might be
taken off; still among them I place the assessed
taxes, both as they throw many oat of employ-
mew, and as being most cruelly and insultingly
unjust, in consequence of the scale by which they
are charged. It should be strictly anthosetical
throughout.
And let me ask, where can aged or infirm we.
yams Iliad such an asylum as in the families in
which they have spent their youth and stresigh. or
where can the young be so well educated as in
families where they witness the decorum at least of
civilised life ? _ _

As prices gradoally rose during the war, they
must be left gradually to sink. Some inconve-
nience will be experienced by creditors; bus not
more than the debtor experienced who received
payment during the war, of money advanced before
it began, ur high prices exited.
How often did au able and celebrated writer
ridicule the stockholder during the time of the high
*prices of wheat, who fancied good faith was pro.
served ill him by the payment of his 3 per ceuts.
whilst the price of listed was muse thou treble that
at alsieh it was when be lent his asoisey to Govern.
went ?
indeed. the same writer is endernvorise
annihilate the 'tablet debt. and to leave untouched
the tea. 1
From whence has arisen this dosage of *Maim, ?
lo thearseral veramble all e• themselves

L la theaseneral scramble all ezeit darmaelves to
• • • the best dieir Jodi/meet and moos :—same bey
IT 111 laud. some lend mad Nile by 44443/4;
, •
. • • •
lei same are fortenate. some antsetnosie. in all
• 4
4lt the various Wiese, in which omen sweep ; and till
. • • • all are ea/4mA with the some Orme and the
came 4441114, thie did IS bkr.