The Statesman.
London, England, 1810-09-01 00:00:00

is
wee rstessliat hs sny shape. rtri csitegs•A•are
set to Marne for 11th; for the ships sto steer set*
404 that to chef% Is (*port. &t ales the Cagey.
howls has its delusions toot Is thrisise al satins
out felse.balasoos. Bear what The
side saYs oit this very point, in the tee: attic&
sow soder discusilon. Its words ars :

" Mr. MAXI Arai, that the Castem.bnaie Mena do ea
Whale maw the Imports, ea she other si.le 4 the meow/1.-
111 e East India Company's goods. Their sale tor the year
roamed above 000.0001."
Here then, in one concern, we get relieved of
140110,0001. from this sum of 40,000,0001.—that
to say, our share of balances is, in ono single
point, Need eight millionsins than our claim. But
there is still "umber deduction to be made from
our claim of balances ; and this too, we find in
The Chronicler which says :.

" But the great consideration is the foreign eapeaditore of
Goverment for the niaiatestanee of our armies, uud of oar ea-
pedaloes, and of our settlemeots abroad. Mr. BL•ts *hews,
that It Is not easy tu ascertain precisely what thatespeaditere
amounts to, bet he attempts an approsionalloo to it epos very
fair and irobable &pieties. In 1796, the (Muth Scar of the re.
volutitmary war, var foreign expeadfluite was 10,649,0001.
when the agefie lite sports was 7,T31,4941. or In die ratio wady
of ten to seven. So Do* an excess of 13,036,070/. would give
I forage expesdituse of ?LAX/AWL and *hen we eintsider the
enlarged seals of ear military operations. together With the

eetablishootele is *ldly and Malts, Relttrohnitt and elwerhere, It
will not prrhips be Aright too such Wont the troth.
" What &diens l this spoo the Feiss. Wattling'end
of the Empire t" •
We agree with rhe Chronicle In that list, and,,
lir, just exclamation. But did nut 7%e Chronicle
that thi‘' and indeed every passage is the arti.
▪ lint the one which assorts the fallacy af the
proposition we are defending, that one aad all
.leaded tootle point oaly, and that was to she., on
;drapes of 11s* asks:, that it Is moithighly probe.
Ale that the error. about which Vis Chresti.
ek ream% ha that of the faits claims of Si.i:OW.l Ski • lot 'of the fallacy of our prupo.
15id0n......0.4.We hue pointed out part only of our
deceptions on this subject. If we cottlte
:dissect to iplik of the 40,000,0001. clatotteff at
lbeleocee, ao doubt we should reduce this affair so
'fie perfectly consistent with, and payable by the
1, :1061001. the auuual produce of the mines. BIN
Otolleed not pursue this further, for we have girds
1611 Reader a clue that will carry him to a just coo:
*fission, which couclusion is not, that it is as error
.4, say—that the balance of trade most be pefalla
gold or silver...—But rho Chrooick his eta.
',gamest's our teaser. It is in this paisiges•••
• aeoshoounit4thavo the Stasis proved le the spelpih,
dame! sr Illesehauts. m so extremely to the mail* heel
italeldhillit Win qattetkies eg fit iiriit • era be eadiaidet4
"IP 0101,100 et airy/ mat pregplik4lll‘. The
Illit ate* oar ramedsilliM. votive fir Wit
4111Initilli we ant irbiliwiSe 001811 smmt SNOW
Mo Pinfilifilfilimisia • .

Let itiiiiliblenaol that there words here in /to.
Me* wiilifeitqa. I%s Chretiiefe. 'the stress was
therefore idiot upon them. But what Is this, bit
starting Or; the last.qaoteil passage is the' very
del
.of Oa article is ;question) with asserting a
psi' The Chronicle itself besot to deny a
.114(01101*.ppo and wartlien about to combat.
Why are Merchants *bilged to send gold for
.aniton ? Altus* the Brazil merchant won't ex.
itlattp, it for our goods—that lac in other words,
Itaantioe,tha balsams if trade la •againit ee.,.----1
-11 ere 4e--dho obelalt4roposition—lhe &slams
at -itrolie- is 14411
..yogi and you mist and
gold to pay it. *eV The Chronicle reptiscsossoe
only said the balaiice is against us as to cotton : sic
de not say it its a general betanceepinat us at' the
:-Illiselia—then we say, the Islam:, is with you ge.
-.. • y ;fief dust be granted, the emit is, the eur.
0 epode sold with reit (which create,. this
-
) *meld collect gold is the' Brazils, to
5(.
lay cotton with gold, without our buying up wt
gold here; to *eke the purchases. This is the very
0f..•
...... _.
nature the 11144. luu cutout be put to the ar.
tensity of furchasing with rota, while you bate
goods which will be taken of you in exchange for
what )ou want ; and whim you no longer have
such goods, yen must pietas's*, with gold—and this
is ties same props/Men as saying, the balance of
trade Alla be ssitio. _IN .Iteeciall.l inittigi*-:-Que
result of this remising is, that the disappearance
of the previous owed: Jo proof of the disappear.
lance of real and •prolitable-trade ;_aad is proof
also, that altlioseficApeacessive issoes of paper
have routed Olt istaWthaprisieet commercial evils,
and have brissipt *.gobole Oil with Yiedpitoncy,
Jet sash issoea blip .giet 114 ,sole, nor even principal ,
cause, as is airy*, by; toq many. And it is now time,
to sal a tew.,(vordi in answer to a complaint of The
Chronicle against us. We made no misrepresents..
Lions in the affair of the new project fur a Dept*
lisok. We said The Chronicle gave it ikelsoipy
and therefore supposed it was gravely ineeeled.d.i.
and then wanton to show' the absurdity and tab.
shier of the scheme. If The Chronicle did not
stye it gravely, if it then bad the opinion* ell 'the
subject it mimeo to have when writing the eaphatethlitha
(thy not shrew one wood of disapprobation Of
twos theneitetae ? This would have been the
0:3
. roe, if The Chrealele had at *rat doehled.
'swore called upon to minus .all Ail belief that INON.
Chronic*, gravely mocked the arßeli. With roe.
poet (*personalities, of 040 ItiCisrosiett alto
yaws os, we Hers used asiiitilh'intide of emus.
Inc any of the 'quails(' 0..011.114 Paper. kydit
oar toy to she w the erns re 4 ciovaiddiis:-.J
they oirb ilitelY le inlet, • *airy. lialsii
St

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