The Statesman.
London, England, 1819-01-11 00:00:00

SUSPINDION or GiSll 13.4YMBATS.

Tb• argunheible ballight forward day after day
IN Afirocafe ?or the Sospensi in .r Cash Pay-
ment, Oat many of them +Mating enough. The fol.
lowing Patna bay seise as a spociinsa;
is In a weak published some time sap he Mr. Ar.
thee Yealle, a statement was given of the prozrestivc
rise its the pricer of trek, daring the prre edior
twenty or thirty sears, is notions European States.
The result of this camps 'lnn monied to be, that that
general rise had approtimsted very nearly to ti.e
id-
venal in England, tho original difference of propor-
tion brag observed. Ti whatever canto this vn.rat
advance In tag price of corn may be attribited, it oh-
disahadly served to create a similar advance in that
price of all products, foreign God domestic. Om the
Cotaineisl, where Ike circulation is chiefly supported
by weans of the precious metals, the erupting amoral
of those socials of coarse became inudeqoote to arca-
late the same quantity of products, at their advanced
ssoney•setiae. The Comities's! States West therefore+
cramped by an insufficient ci,dolatiseg median, ; and
thee was prodeced a considerable source of demand
of Cold and Silver. This soiree of demand stilt
chive, sod must cautious to esist until the Conti-
nental States either receive a large sopply of the pre-
cious metals, of else adopt • wholesome pipet car-
rency in aid of the metallic circilation."
This we suspect most of oar R.aders •111 think
just shoat es pare a piece of noo•ense as ever was
uttered. The prior of corn and all other commo-
dities, we are told, esparirisred a rise throoghoet
every country of Estop flow did this happen?
Because gold sod silver were agree! Aconsiderabla
soiirce of demons, for gold au Neer, had the effect
of lowering the price of gold sun silvn ! Gold a I
silver porchaed every year • lonelier quantity
other commodities, mud therefore gold asd
ailtgtr
ware rising In Walla!
Wonderful discoveries are, It seems, reserved for
our times. All merchants and political ecusomisto
have hitherto considered a rise in the price of goals.
end a fall in the price of sold end 'livers as sYn°"
',yap's ; sad they have been unadvised 'hough to
attribote the gradual nse in the price of goods since
the discovery of the New World in the deprecia..
lion of gold and silver, which followed that event.
list may comet forth a Doctor of another school,
who tells us, that we hare been all this time lahises.
Wig under a most gri mistake—that an advanc-
ed money value of goads proceeds from a scarcity of
money, mid that every rise is the price of goods is a
proof last there is not though of munev to circulst"
thern--and dies gravely advises the Nations of thil
tirn:isient Si adopt o wholesome paper currency,
Ins
oaks up for this debt:l~y in their circelatiou I
When the price of a sheep was • shilling, aced the
price of an it hue shillings, this was a proof of lad
great abundance of gold and silver at that time, aid
when a sheep Dells for three; uineas. end an oat for
thirty guineas, that is a proof that gold and silver am
less pientifs, than wheat they sold for one shilling and
use shillings!
Yet this is the regular advocate of the Blob, by
whole argements they think the nation will, in a
short time, he persuaded to petition for a continostioa
of (hi Ssispeoslon.