The Statesman.
London, England, 1810-10-02 00:00:00

THE ffrATESMAN. •

~. , . . • . . .
this wonderTul, and, perhaps, utipiiitillelbl,
this
of prosperity and hip finest,; .proceedittg
from the united exertion' of genius and industry ;
oild, being at the same time, adore, thsit'vbegi..;
Oleg aPprotching towards it mull neetitatify. be
going on in other parts of the country., You have
only to know, that there is Ito steels thing us a
airquir.oumes In any put oft.hateountrY ; for, then
your coficlusion must be, Mat apoper.sitotiey is
Bet necessary to create, or to aid thewpcvations of,
genius and industry ; and hikory, at osesto inform
and console you, affords yon these foam faits,
that, both in France and' America, there hos been
a paper-money ; that, in both countries, ihat mo.
ney has met with its total destruction'; and that,
since such destruction, both countries have flourish.
ea much more than they did while that .meney was
In existence.
What leave the partizans of the Papor.system to
offer in answer to this? Will any one of them
venture to lOok these facts in the fice? Ido dot
believe they will; They wilt, I should suppose,
rather choose to confine tOeinmilvol to a dull re.
issertitin of their former' aitmlihnsi interipeitied,
may be, with a seasoning of abase upon thotW, by
whom their ignorance, or friskier:4ly, is deleited
it'd exposed. But, withotit resorting to the in.
stances furnished in foreign countries, have we not,
in the history of our own finances', quite a sufficient
proof, that papsr.money, or,- indeed baislomotes
of any sort, are not the represetitatives of soy
thing but Debt JP In every country, of *hick we
have any knowledge, a gooeettiftent Debt has demi
acicnnpanied with • beitiCnistis, or . iirsolenti in
paper, of some sort or Other, no iteitler udder
what name. The. Debt, in Eng/Odd-'M., as' we
have seen (Utter 11.) begin in the Ste* idOt; sod
there appeared, at first, no inlenden to pay either
the interest ur the principal in any thins' bit the
usual gold and silver eolo'of At coutitry. People'
lent their guineas and creeli pieced, and there vita
pot the smallest notion of their being repaid ih arty
thing but guineas and' cioiria Oecei. But, it was
won foond, Viet, to pay the interest of its Debt,
• the government needed sentethlng other thin gold
and silver; *bleb, indeed, any one might bite
foreseen, betauge the Debt Melt neceishrily arose
from the wind of gold atid 'alkali Wittilit the' reach
of the government. It Wei,. aleiefitte, • sdpremd
folly to' suppose, that the got itthidiii, Whp' hid
11blrowed people's pinto& Midi-116,i itatild Icing
have pineal enough to' eerily' otitiah tild to - '
those people toot Accordingly; lit airy tisk' ,
iiafter the Debt began, the Bailie wilii -oihib - 0
the Bank made notes; these notor, ie.** to they
went,- supplied the place of real gooney' ; and, vial
loon, by giving all possible countenance • and 14111.
poit to the Bank, the government got gieit' pairt 1
of the interest of its Debt Baird in billik.notsti=
Thai dere the bonk.notes froth the veil otitiVti
. 1 . . . '
indeedi adritautiesnry noted mast be, ton O.:
svitativit 4104 rat enit of airatiks ditto*:
stay', dr of *Oki. Midi if this was Alb Chile; *ti
time when thW no( Witt tinsetitiblif id. 1411'
led s silver • skit we iii 4) Ida upon theft iti.ell101::

ter light ? •
In VOW lowevet, of the rads of bittoll (kid
of rets‘voi and e'en in spite a •Aiiiiiiiiitituraziki
are io of
10,11 Sir Sushi Siifcglite) rietti t Mfdpkift;itik 044
font,. oat fo beed,#, Sat t 6 kettliboilitAulK
iiiisnry notes, mid proar Hotel, .164 114
itolitieiti6ii WO Ajar siovity areal, tiblrul
found to liobl 'op Mt ASsi:tilottiet, *Ma at **;
%re efeinif.s. is
.11144 t based 6tilikartie
Hefri, its ealkstaeotki.ef begat OI WI; ,
11100 ilWitl4•o4lrlLotoratit is, a Be giu 6441, ft,
Motto to betel: VT[..) doicilbeiit, 44 ant the
attar'', of MB frede of itt Watidn, bet of tie
• " treceseiiiit of HI joYmiasene;" then! ire viten
do Ere Mune, wiro„ like Mr. JACisaW, -instal t'tltt
sae increagt of paper.nitmey is tatted inst bi in in.
crease of trade i aud, who, like the bolder B• 4
seroPle. out to tessera, thole etiAV6*ll4l4
•ii of elicit/ails:4m [speaking of bitti Mel itia
ionvertible into go fd and silver)" " 'it thl
tt eourie of oar opulence and streigth,
44 MINE of national frrarrptthy ; • ye*, Whis Wive
the boldness lb call pibmiStoiy notes, .1/ibiCli ire
issued only beettise the issuert arc net ablil to pey
in Money; a Mine of national prnspßty; andi
Whir ire hardy enough to make Ilia. assertion it
the vet, dement when they thahrieFvei are tieclari tie, •
that it *Wild Be ruinous to attain:Of to force the
Seen of itch Oohs to pay &d esth Mime)! whiti
Oresehted.
Heine, as will be Teen teen's that parisage of his
Essay on Monei,.. from *bleb- leave: taken
inotS,,, observes,. that there is ao inconvenience in
the increase of red 'motion was abo**l
in the last Letter, is tiatbrlilly pirilleteed by ikair:
crease of trade; and he calls bank-notes (dm*,
observe, coovertible into gold and silver, as tWy
ticie in his time), cowdeneit rionty. What, than;
would he have said of our present hank-notes ;
what would he hive said of bauk-nutty not con Oct.
Mile: into gold and silver ; and what would be have
said, if he had been told, that Seellabd would" *a.
duce a man, who *mild tell the .people of Giefto
Britain, and in print too, that sack battk,ootes avea
mine of Nationd Prosperity - •
• •
We have now, I thiibe said quitting,'" is;
convince any man, Whose ficelties citable hiai..ilaj
distinguish falsehood from limit, that the notioskirt
an iv' else of trade demanding ail loerratti of
inOney, is dad of the Mat grans ilitiltssZyss
either ignorance or an intention to deceit*: Air;
attempted to practist upon Mankind.
ihort, clearly shown, that the increalb of Assie4
_

bushels of corn, 1,000" baskets sot popod 110
mjirft 14.104 b.• •
wheat ; 1400 bushels of rye will. lot ake pen
1-41 w be erected a barn 90 feet looks a Ikatiee.so
by 11 wide, a grist-atill with three pair of 100 of **kW,
ys ill he burrs, and summon brick boates,frie
suciety now cionots of 780 penal'', cumprisiez t4l) fondles
th.•.s have ooW lOW acies,of land cleared, 09 acres w heretofore
iu meadow, sad possetaist presenl4,oodaeies ofiand. Tliereeir'
different trudesiarit ineniben ref thistwcirtyt silso work for the
country as well as the ,ociety‘ to wit : 'rtvelsenhoernalters, sit
tailors, 12 weavers, three wheel-60N dye compete, six Mark-
ptuithep, two nail-smiths, three rope-makem, three Nee. gym,
teu carpenters, four cahinet-roafters, two ssdiern, two Wow*
In okers, twelve masons, two plate', one soap-boiler; dodge
and An apothecary, but neither parson oar lawyer, nod is a
short tone a hatter and a tin-plate worker i. eapected.—Doe-
.isnr the hut year the Ow-inakers alone worked fur the Country
to the amount of tit 4 liars, laid 8 cents, the coopers to the
punivat of tdi dull ov,.t ...smilers to else amount of ;::9 dollars,
b 4 Mali. the Weary. &a dollars, the black-, skits 180 doitars.

_ ..~_ .._

-,-."- - - -
:biota; and indof promissory notes of every descriptiun ,
are prodecid ky- Debt, are the ofhpringand-repre.i
sentatives of Debt, and that real money, and retell
I Money only, is the representative of property or,
• wealth' or things of real value, and, of course, thee
lan increase of trade, which is only another feria'
for tin increase of miney's.worth things, detnamity
and if thane be no unnatural cause to prevent it,
jwill, of itself, bring into circulation, an increase
of real money.
To acknowledge this truth would, however, have,
been so manifestly injtirious to the Paper. Mikey,
System, that it is not surprising that the parlizatie
of that system (which is but another name for those
who have profited, and do still profit, from it)'
should have taken uncommon pains to' avoid the ae-
knOwledgment, and even to maintain, with their'
utmost ability, any opinion of a contrary tendency.
thence all the alisurditiei, that we find in the va-
rious speeches and' pamphlets, uttered and written
upon the 'object, held eu which the increase of the;
hank.notm," and now of the paper.muney, fusel
been, at deferent times, attributed to almost -every
cause but the real one. At one time it was the en.
terprize in commerce; at another, the enterprise in
roads and canals! ; at another, the "pressure of the
46 war," which was, as a diatanttatese, true; at
.another, it was a " temporary alarm ;" at asiotheei
ket,
it was speculations abroad; at another, it, was t
66 influx of wealth ;" at .another, it was- faobiSS-'.,
ism; and no*, there are three causes, .en increase'
of trade, the embarrassment to trade occasioned'
by Napoleon's commercial warfare against us, .aid
•the exportation of gold! These last-mentioned
causes, which any one may hear from, perhaps,
the three first persons ,*shom he meets in Thread.
needle.streut, do, to, be sure, sliest admirably ae.
cord with each other. • But, it is the-lot of false",
hood to contradict itself. ..
In the meanwhile, however, very great is the mis...
chief, which arises from this misguiding of the publie,
Wad Tlie people, while =mused with this 66 Lo
here! and La there !," see pot that which . they
()tight team; they see not the reef citis'e of the in.
crease of the paper-Money, the real cause of the
&old and silver having gone out of circulation;
and, of course, they use no endeavours, they ex.
press no wish to see adepted any mealtures, calcu-
lated to remove that cause, and to relieve their
country from this, the most formidable of all the
dangers with which it is threatened.
' * Thxt this sWileatili ll' lo Other, titan the itiereate
of the Den, contracted by tie, Gobeiiiiietil; Can.
not, I think; be doubted by any one, *ltab has
gene patiently through the fOrtieehtig !Lettere, and
who must-have seen, that, as the Debt inereased,
the Bank:siotet became of greater mitotirif in the
whole, and of sums Smaller and Mealier, till, at
last,- they came down to a tingle posnirt: At first,
and for* hal! a century, there wire- no !SAE-notes
tar a autifesi than twenty porn*. *hen the Debt
tette dwelt 70-lialtioni, there were fifteen pound
OiOtei 'gide' i 604634 reached 150 millions, tbere
were ten pound rates made; before it reached 300
ittaTitilit, there *ere.sae pound notes andit ; and
Erifeleit had reaciseil 500 millions, there were two
siniltieetetawd eine pound notes made. Since it
reached 500 MiTtions, theta .ieve been, in some
pelts of the Ciiialik, note" Midi to represent silier
point, and.. the SILTIR.TO/LENS, issued from the
saok ,of England, the intrinsic value of which is
fps than the sentinel, have been circulated over
tkasersontry, while the gold coin, of every value,
&moat wholly ,disappeared, is notoriously ex.
smend while English gained, not one of which
• by hardly any matt in England, in the course
. moods,. make part of °the common current
Mit es the
.o.ootinent of Europe, in the American
Stales, and more especially in France; aye, in
l;bat very country, w hick PITT and his associates
told us, over and over again, was in " the very
I.gulph of bankruptcy," and which we were, year
after yoarvinducsil to believe would. be totally ruined
lby the fall of that paper-money, the place of which)
Jim been, in a groat part, supplied by our guineas !
,- Thus, then, we have been, both from reason'
and experience, •that it is Debt which produces
`kind,
iwd pipet.treointses of every sort ;
Find, haiatig Seen the ninth:Ct iir which these paper.
Ifiteiniser feet out amongst' us; end how theiritiCrease
ktts ii-Opt pike With the InCreage of our Debt, we
elan, in the neat Letter, proceed to trace this in,
Crease to that grand. and thettiohilite edict, theStap..
Page.of Gold and Silfet paynitufs at die !Ida iii
England, In 1197.
1 Am, Gentlemen,
Yetir ifineerb friend,. •
State Prison, lelticate. THurjey, *it. colltft.
sweatier 27; 1610. , .

Abotrf the yttEr t 789, when there was a rehtlptint
the Weak of 'unkind, the Directote determined hi
make In eiperinient epee the patkerei of their cis*.
triages, sod orte clerk only *as empitlyed to H.
.reeve the ndtes nerd chant the ace WWI which 'Vey
were taken sp. This allettatitne leteeeded Id.
ntirst on; the people pew fired, dad the ODA
*cot on I Ihis Addrdis of orrf Nor the in stelfh.
hours penned tilt alarm lielsaine pretty rintirtitiOs
*Yorkshire, herb* in stat accident; a obit in cod of
their tiller carte, white jasstatryiwg from Leaden_
to Edinburgh burst it litiehfilithi near Befdligh-
bridge, aedthe eoutehill ton MOM the lantsi lb the
no small amusement and prufit tlt admit of tbt ante
AO's,
The liktb Itielt Remind lite elder lifflift to MIK
in* w jinn Late Wittliksitalles army ; sad the
141111 W rtlimtitts 014 HOOP HIM* eve ts peeled
[spesdili is What, Ai nett as chi I t els .bight Di*.
ION&
litaassoskeestes.—Yestipkyr Walk* Folk th3ef,
Ia SunAttlet, BitGillistati4ittslti en-
r.derititi a Oast, eirathitiatien BeratChlit Leah.
kiktoiti the Solicitor of the *Bask, ika. Charged
and abetting in the diesi of itdbert
f tail% twit the Cheat, Prima, in tuld Bath.
iltide Shwa t e ttpprthbusiott of ittiberts, it it
lelia• Ismaili letter& hive been discolored to hate
resell between him and the Priscitnit. Mr. Creatch,
a liawabruter, and stime Moro Of the Prisoner's
tFiditdi atteuded before the Lotto !Milton to Os
bail fbr his appearance, bat tht birelKe bbing de-
dared a felony, he etas committed tot Naher eta.
latilNition, as it is supposed same ()theatre cwt.
earned is dds Widnes'.

- -

`.:••••••,"'C'

THE LATE MRS,StS. Alt
41010
ABRAHAM 60111SIVID.

-GiiM...-

The remarkable colecidencee two dent so dinis
vent for their wealth and public caninderstion,
meeting violent deaths by their own indiction, can.:
not but be viewed with emotions of surprise ; and
that regret and sorrow for their Melancholy fate
'must be deeply felt by their aninernot n4OOlOlO
friends and relatives, will be readily emu:dyed,
when their exteusive bebevolence and prieate and
public characters are duly appreciated. -
These Gentlemen, at an early period of life were
Partners, and first carried on business in Coodnianes-
fields. The promptitude and honour evinced in
-their transactions soon gained them Considerable
credit, and, in 1792, induced them•to enlarge their
scale of business, fur which purpose they took a
house in Capel-courtr opposite the Bank, where
they bid a set of offices fitted' up in the most con-
modious style, and soon after became successful-
bidders for the national loan required by Mr. Pitt.
This, it is considered, was the first step that was
the means of- exalting them to the eminence they
soon afterwards attained ; for before this, however
respectable their firm might be considered on
le
'Change. it is certain, ti at prtridull to their public
business with the Chau 11Or' of ' the liatctiequer,
they were riot imagined t be men of extraordinary
large fortune; but having beed to succedsfut in ne.
gociating for several public loans, they were capa-
ble of building mansions ?icing in splendour with
palaces, ' and entertaining Noblemen, mid even
Princes, in a style of maguificencis idarcelyequalled
. by the most distinguished pereoitagettitrthe hiagdim.
Mr. B: Goldsmid was. niturally of a melancholy
cast, and phlegmatic teuspirament. He has often
mentioned; that when ileitis youth, if be found
. himself any wty 101i.spiritel, or indisposed, be
used to have recourse to phiebottomy, and this so
very frequently, that there can be little doubt bat
it laid the foundation of those litany disorders he
afterwards endared. , A superficial observer would
imagine that he was a healthy mai having a florid
complexion, and appeiiing. cbeifful and jocular in
company; but his hien& well knew the reverse to
be the case, and that notwithstanding the great ex-
ercise he took, be was tormented with a sick
stomach, plethora, and was a martyr to the stone.
His body likewise grew too corpulent for his limbo,
which occasioned an inward inclination of the knees.
As to wealth perhaps no man in existence Might
be more justly esteemed a favourite of fortune. In
one year he gained two sweepstakes, (as they are
called) by chusing the thousand in which. the fiat
and last ticket in the Lottery happened to be drawn,
and also 10001. Steel, and several prizes in subtle:
quent Lotteries. And in 1794, when almostevery
mercantile house felt the most baneful effects fro*
the unprecedented number of bankruptcies that
took place at that period, notwithstanding the large
discounts made by the• firm, their loss only arhourit-
nig to 501.! The fact is, that no Merchant or badkor
in Loudon could appreciate prima fads the teapot,.
sibility of the names on a bill of exchange with
more Jost discrimination than Mn B. Goldsmith.
• Had he been equally fortunate in hill matricao.
nial alliance, it had been well. He Married a very
handsome young Lady, the eldest daughter of Mr.,
Salomon of Devonshire-sguare, Miss Jesse Salmons
who brought biro six children.
No man took more keen delight in the domestic'
felicity of his family. He delighted in seeing all
around him cheerful aid happy. Before he arrived
at the acme of his fortune,• be devoted annually
10001. for charitable purposes; and many, vary
many, felt the loss of a kind benefactor at his
[ death.
The dielancholy Cause df this Gentleman's un-
' timely end. is so deft ktiond to the public, as to
need no repetition.
Mr. AlsrahaM Gotdamid, dlin finished his earthly
' career on Friday last, possessed all the good quali-
ties of the late Benjamin Goldsmid. More (menial.
love never etisted between brothel* than bet*eeu
these two worthy men. They were constantly soli•
eitous for each other's welfae6, and never happy
when long apart ; the same flow of benevolence,
and the same arable demeanor and attention to bu-
siness. •• ' . . _

Highly to eta- national charattet, an ingenious
'f4Yreigu writer has exalted our Wien for courage
istd humanity, by asierling, that " the Engliett
are swore afraid• of shedding the blood of one an.
other than their own." This wee the case with the
Goldsmith, who were terrified at the least portion
of blood being split by any of their domestics ' • and
Mr. Abraham Goldtertid Would have tun a mile for
surgeon, had, one of hie meanest servants had oc-
, casion for one, and always paid fur medicines and
.professional advice fur all his domestics. Alas !
that a men so feelingly-alive to the sufferings of his
fellow-creatures, so eminently successful, so happy
in *friends, and of such public and private worth,
`shouldi.tin the first reverse of fortune, be so ready
to act the suicide, shod his own blood—fall by his
Owe hand !
It is considered, however, that notwithstanding
the severe loss sustained by Mr. Abraham Gold.
amid, by the unprecedented fall of Ompium, war
great in the extreme, yet that in time he might have
ireceveted,it, and that the exertions and assistance:
of his friends would have saved him from hank.
ruptey. Under this impression, we cannot too
strenuously condemn the r4sh sonduct and precipi-
tancy with which he- rushed into eternity, sithout
heel made thoseexertions among his friends which
would do doubt have initerisilf tutellorkted the.sad
.
. Merge of fortune front Ids bbferthitate Speculation.
Many eminent merchants andlianbers, however,
I.kiiirt, that the death el thole eminent men will be
eventually productlie Of public good, by breaking
it link of the dada whieh secured that monopoly
that has so !Ong Md A baneful influence in the
Stock &Change; and it is thought, that notwtth.
standing the tespectatiility of Aft.. GohismiiPs part.
ners, and his surviving brothers (Asher and George),
Wine. the', !irk any Witt. twd ittillOttltialtl are
liked tb tilitlVit at that c.Oouttitidiog de:talon of
tiVerttilfalnilhg hillitthee, at *host suahmit glued the
lath &Spain ilnd AbMAllilla Gohthmld, ,ES;tis.

Ttiormilibg of Lard's Cricket Ground has been
relooved, tot the putpOse of eitatiog bongos on the
premises.

.