Star.
London, England, 1807-12-31 00:00:00

NEW YORK, NOV. 23.

The fuperlative contempt with which Congrefs
has unaninvoully rejeded the refolution of Mr. Lyon,
is in the highelt degree iteditable to the intelligence
and integrity of Congrefslllft is a pledge that, with
us, individual property is fafe from the violence of
-rapacious power. The refolni,in, ill timed, was a
war meafu; e without any of the advantages of a crate
of hottility.
Individuals who, refiding in a lot eign country, veQ
thcir property in our funds, do fo with a pedal re•
liance on the public faith. He who, without fomo
zreat and tvidmi nicrifity, lays violent hands on p; ovate
property—whatever be his pretenfions—with what-
ever gh fres he may cover hit conduit—or however
honeft and patriotic he may clsem himfelf, is fubflan-
tially, though not intendedly, an enemy to the public
weal.

ft is difficult to imagine what could have induced
Mr. Lyon to propofe a meafure at this time, and un-
der exitling circumliances amounting to fcqueltra
lion ; knowing, as he mutt have known, that the
Preficlent, the Treat-iffy Department, Congrefs, and
every honeft And thinking map in the community,
would be decidedly oppoled t ; it. It could not have
been offered as a heat funrce of federal calumny
againti the adminiffration., Probably it was an ad
ofuoregulated Veal.
It is intimated its the Zesaisrg Qf Sat*rday that

'the Prefident Is not unfavourable so fequeltratkn.—
Could candour have made the fuggeftion ?
Mr. Gallatin, co-operating with the Executive in
all his meafures, fceaking in his late annual report
46, the refources of the country in cafe of war, fay's—
,' " There are no data' from which the extent of the
defalcation (from the prefent revenue) can, at this
moment, be calculated, or even eftimated. It will be
itiacient to (late, 1. That •it appears neceffary to
provide a revenue at leafl equal to the annual .ex-
penees on a peace ellablithment, the Were-Vas ex
ging debt, and the intereft on the loans which may
be raifed."

Does this look like feqnefiration ? It is necelTary,
he fays, to provide in cafe of war, for the faithful
and punaual payment of the interefl of the exYling
debt. He makes no exceptions ;he had not thought
of fequalering.
Again, " The credit of the United States," the Se•
eretary obferves, "is unimpaired either at home or
abroad, and It is believed that loans to a reafonable
amount may be obtained on eligible terms. Meafures
have been mien to afiertain to 'what extent they may be die
ted abroad."

In this !Lange are manila the care and vigilance
of the adminiltration, and the high ettimation in
which the public faith of the United States is held in
Europe. But would fequeftration, in the ordinary
occurrences of war, preferve to es this diainguithed
eflimation ? Could we, avowing and afting upon the
principle, obtain loans abroad ? It would be a rare
inflance of inconfiftency, to fequefirate with onehand,
and at the fame time folicit loans with the other. We
could effeft the former, but we could hardly cape°
to fucceed in the latter.

Nor is there aught of magnanimity or of junice in
an unprovoked and unnecelfary fequetlration of pri- '
vale property in our funds. War is .a public aft,
and Ihould be honourably carried on upon public
principles. To alienate to the flatic private property,
placed in our hands, under the fanalon of the Public
Faith, the mull facred of all fanaions, requires no
great courage. In cafe of war between the United
States and the Government of England, the more
we can make that Government Puffer, and, through it,
its lubjeas, the nearer we thould approach to the ob-
jeft for which we had retorted to arms. But we
tranfcend the ordinary ufages of war when we feize
upon the private property which individuals have
confided to our national honour.

Circumflances may, however, atift, rendering fe-
quearation expedient. As an at of retaliation, we
might ref.nt to it ; but we Should take care that it
he firialy retaliation. An " eye for an eye, and a
tooth for a tooth." The dolrine in pra&ice, is in
deed dreadful, but it might, notwithtlanding, in a na
tional point of view, be expedient.
Sequeflrations may he reforted to on the ground
of necellit y of another fort, though it is not likely
.to
happen with us.
If engaged in war, our refr.urces were inadequate
to a vigorous and fuccefsful pt ofecutiors of it, I would
Seize the ;titivate property of the fubjeCs of the nation
with which we were at war, and apply it to the pub•
lie ufe ; but even thit, in the end, would operate as
a loan oily, for peace would rellore the individual
I property fequellet ed, with intereft. There is Ito avoid-
ing this c,nclufion.—:±merican Citizen.
The fufpetso,on of the Non Impottation Ad es•
pires on the 14th of December next.