The Statesman.
London, England, 1814-08-31 00:00:00

The dismissal of Mr. Simmons from the War Depart-
ment originoted in an unintentional disclosure to a
pi,f lie rreditor of an order given by the Secretary at
War to suspend the payment of accounts examined
and • the Accountant.

passed by ,
It was supposed the 10,000,000, negotiated In.
part of the ii 5,000,000 loan, would be sufficient ti;
meet the demands on the Treasury, until the meeting'
of Cotigtezeili or the Ist of October ; but Barker has
bete enzbie to perform his contract. Mr. Medi-
tow tressed 4sies—for fere atlillons of dollars, and tusi
Barker relied upon sales to enable him to pay his
instalments, tindiii the sin-err TEW he gaii-88 foe,'
I's now selling for 84, he cannot comply with his enis,
gagement without a dead lost of 40,000 dollars ma,
each million, or 400,000 dollars en the whole conrei
tract. Was Barker required to give security on that
eontract in the event of his acting the knave, proving
bankrupt, sr refusing to comply, because it was noel
exactly convenient to do so, as the speculation turn-
ed out differently from.:ehit he expected?
secarity was demanded. .Refusing, or unable to pay
OW last two instalment* does he forfeit the amount
already paid in ? No. Theo what security had the
Gesernment that Barker ever would, or meant- to
stand to his bargain, unless it termed eut a good one,
by the arrival of a treaty of pewee ? In short, the
geme.stliich this favourite at 'court has been playing
withibe Back Woods Financier, is simply-e-." Beads
I Me, Tails you lose."
-'.To the point.—After raising an almost .
expectation of peace, by spreading a report the.
Commissioners would be Welted to attend thseGent
eta Congress at Paris, that• Mr. Crawford had dined
its company with Lord Castlereagh, that Messrs.
eared and Gallatin had gone to London to .show
their Instructions, after acing every artifice to create
"trbdirstsin a Speedy preace---certain monied men were
'gine to understand, through the agents of Govern.
meet, that their presence al Washington would be
Agreeable,. to arrange matters for the remainder of
the ?5 iil Mien loan. Certain capitalists repaired to
tie Treasury, to see if a good bargain could be made.
The wrgociatirin continues fey days. They all dine
with the President, and in the evening the contract
is to be signed for about seven millions at 86, Mr.
Madison declaring there was not a doubt of peace.
The newt by the Thistle arrives at WasMngton.—
tithe Contractors take to their heels, and leave the
Treasury to shut for itself. . They are brought back.
The ofisotoh Lad," or Beak Wood,* Financier, offers
to contraot.for 86—time *allowed for an answer:
Iheelfer by the Tre.asury to sell seven -Asinine' of
stock at 15 per cent. below par, is rejected.
t.Whit'lic- the. Government to do? If they cannot
meetly contract with moyirl men at such a sacrifice,
Itritat terms must they agree to if compelled to ad-
:waive the remainder; of Also Man? The capitalists
OVEN told thges,.thet moist than 7b in the hundred
uld not be •bia •if the Government tame publicly
Into the market. Under ail these circumstances,
we are warranted in saying, the stock will not fall to
#O, and that the Government must suspend the pay.
went of ail debts, sod be proclaimed insolvent, or
jjba ceassiatier-of the loan antliorited by law most be
eisposed of at $0 per cent. at least, below par, the
war continuing sia months Jollier.
The effect of the discrimination made in favour of
sae des, of public creditors to the prejudice of an.
other, will now be understood. The holders of the
ten million stock who paid Ns, will be reimbursed in
the difference between the discount of thot stock end
the discotuit allowed by a new contract. The next
loan being sold at WI will entitle the stockholders of
the ten million loan to demand 8 dollars from the
Tree su ry for every as dollars paid in. But the holders
of the 1.6 million Ilan,can claim no reimbursement.
They have no alternative but to bold on. Their
sleek is reduceil.4 Wee To the new standard este.
Ilished by tie latest loan, but they claim no.reim.
bersetnent. They lent their money.tno soon to the
.Government. If they heti held back a little longer,
ihe same terms would have been obtained from the
Government which secure the holders of the 10 mil•
lion loan. So it will he with tie remainder of the
lean now required. If the capitalists will only hold
hack two months, they will get it upon their own
terms. The Government may pretend to be very
ludiffereirt atiout it, and give out that they will not
sell ander any circumstances below a certain price,
but they must sell—they have no help for themselves,
.or be pronounced bankrupt.
Hew will they get money to continue the yule,-
Pley have provided Ito revenue, and their credit will
soon here entirely and finial,. departed. Will they
hecur to the principles with which they set out when
the war commenced, and carry about the subscrip-
tion book in one hand, and the halter in the other,
These ideas of force are fur ever abandoned, wl
Alta. If we mistake, they hare only to be algal'
put in practice, as the immediate precursor' of Mt
Madison's downfall. The degree and kiud of aid
which the Federalists may choose to give to this war
is a matter for their exclusive decision. What they
do, will be done voluntarily, and well. It must be
the result of their own choice and free will. Re-
sort to force, end something like the scene of Samp-
son and tfie Philistines may he witnessetl.--not nu-
merically but physically. We are decidedly the
strongest party in the country. In wealth, and
talents, and courage. we are equal to a majority.
twice es Strong as the faction in power—we possess
the real sinews of war—Mr. Madison knows
Therefore, if lie would preserve the Government,
"lid save himself, he will prefer de use of gentle
memos to reconcile us to a continuance of the war,
end to put his thdu upon every thing like pertecutioi
and force. lie must necessarily be among tile ear-
liest victims to his own system of violence.

OUT

The Doehess of WELL'Nero*, with a brillant
Jahns., arrived at Brighton on Friday morning.
Last week a Correspondent suggested a mode of
poisoisin: crickets by the red-lead contained in cogn-
ition red wafers; and.,410 week another proposing
-to *owe them, for whick purpose he says," Table
a dirh. the .larger the better, not more than tWo
-or three inches deep, with a broad rim or lodge,
gH the same with water nearly to the brim, streino
-little oat.meal en the water, and place sand or any
oilier article round the dish, that the clickers can
cruel _op it, If the dish, so prepared, be &old
where they come in the evening, greet tubers
be found drowned in the morning."