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

i• our decoct) against him. When wo hoard, that
i•at: ousted his brother from Holland, cud was
'needing alibis on n attention and energy that way,
should immediately have followed him with our
yt s, and with our pelts. We should have set to
lark to consider what were our means of defence
c44inst a hundred ships of war poured out of the
ii•ouths of the rivers ant) out of the ports of Hot.
Lod, a country once the rival of England upon the
v•us, and the nasal means of which country nothing
can destroy; we should have begun seriously to cal.
ciliate the•consequences, not of a landing in Eng.
find with a force of fifty thousand men, at the cud of
8 hriuis Sail, but. surely, we might have begun
t • calculate the consequences of known prepara-
tions for such nn expedition. 1t appears to vie, that
Sapolcuo.it now setting about the preparatiul; of an
invading armament in Holland. There, 1 thick, he
ill mak° his grandest preparation. Autf, if, In

- -
the coursu of a guar, or a year sad a half, for has

a numerous fleet ready fur sea, with an army ut
boardi will the effect here be to make us laugh
evecielly if the Qutilla at Boulogne be spin in a
stAte of readiness, while a Beet at Brest, another
at Ruchetbrt, at Ferro!, and Lisbon, Ail with
t hops on board,' dare hi-id' the face At the same
lime ? Shall we then laugh .P Sech a combination
of means of attack may, perhaps, never be seen ;
het, it is much 'less improbable than was the battle
of Wagram, the conquest of Vienna, and the lilt
marriage of Napeleon. It being far within the
%cope of passibility, that we shall behold such a
eembiaaliou, we ought, I think, to be looking
f•lrwartl to the consequences. That we shall be
'Ate to defend our country, though attacked in
teeny parts at once, is what I will not doubt of ;
though I do think, that, when the mitsi,terial wri.
tees the welts., declare, that an army is necessary
to defend Ireland against French factions and eon-
cpi'reteieß, eve.) sow, we ought to reflect a little on
Aiwa would be wanted its the case contemplated ;
that it to say, is the case of there being French
;wales aloes at Rochefort, Brest, Ferrol, and Les-
ions. Let ate not be interrupted here and abused
f counting these two last places amongst the ports
of Ropaparte. I am merely supposing what is
possible. lam aware, that while we Wean army
of slay thousand men iu Portugal, under my Lord
Talavera, to whose army the Fiench General's
soldiers are deserting by hundreds at a time; I am
aware,that, while this' is she ease, it would, as
The orniNg Post says, be dastardly to the last
degree, te entertain any apprehensions fur the final
Way of Portugal. But, though we can have no
such apprehensions, lbws is a possibility, of the
ports of Ferrol and Lisbon falling under the domi-
nation of Napoleon : and, if they should, than
the reset which, for argument's sake, I have sup.
posed, may happen ; anti, if it should happen,
what will be the consequences, not of a hiding
Ps England, but of a menace to land ? And, what
will be the consequences in Ireland, either of an
s actual landing, or of a menace to land ?—if 1
asp aNked, now, why I point out these dangers with-
out pointing out the means of prevention, I au.
swcr, that I a.n not hinted to point out soy m
of prevention, and for this plain teasels, that I
may k.sow of none, and yet I have a right to shew,
end it may be very useful to show, that the danger
vaists, or may very soon exist. The means of pre-
vention that 1 should be disposed to paint out might
',iriug me a great deal of abuse, if nut something
worse; and, therefore, I shall, foe the present, et
I, ast) keep thew to myself ; but, it does nut fol-
iose, that I ant not to speak of the danger, be.
taupe, if this priociplo were to be adopted, no man
would be allowed to complain of any evil, for
which he had not a remedy. Something very much
like this was, indeed, attempted to be loges, against
Mr, Fos, at the time of the stoppage of cash pay.
meets at the Bank,in 1797 ; but, he replied, '‘NS' hat
do you call upon me for a remedy, who have
" been, fur so many years, warning you against
" rise evil that has now arrived : if there be no re.
44 needy, so muck the greater your fault, and no
46 knit at all of mine." Still, however, tic ad.
berents of Pitt insisted, that it was Mr. F4)l'3 bu-
siness to find a renses(§l fur the evil, to Auld his
topeue, and they Sew at him, in a pack, open.
mouthed, and that, too, at the very moment that
the holders of bank notes were slinking back, nulls
empty hands and lopping ears, from Threadneedle.
atrect. Suck may be the case with respect to me
at I my warnings ; but, no abuse of me will mend
the matter ; no abuse of me will retard either the
armaments or the armies of Napoleou, and, I MU
quite sure, that it will never give me a moment's
'nava .10ijj.

titti4 goo *rot hb 1111" I/A (041..•40 i•LoGi..
3 per Ceal:Red. 6141 13 per Cern. ems. 6K* 6$

'i'HE S T.4TESMA N.

LON DU :

. -....00...-
411Z3750,16 Tip SMEMIIIR 1, 1810.

TIIRAUGU the medium of a must respectable
resmile iLiuse in Liverpool, we ►ase received
tie follo%isig important communication from Ante.
rice. It is copied from the National intelligencer

of the t 3.1 of July
Oa Me 44th Jane, the United Stales' brlV c ra, Lieut.
Titre, Cilrtlie 'oder, tarrying 1 /as, tw her way to Ne
011r4.4, under orders Reim ttsrr ensevalsata. semi ii.a wratais
and unpr•rvated rauautr tired JIM Ity • 116610 Agog of twirl
3.2-pnaud shut tarried ant* Ille moo Mew of the Vties,
stic:nn a sbart d:ottnee f 1 (XL Pittlipsi • Las *•l•44"l"ber et
Congress. aim witty leis MO; snare on board 4 asta.sislintek,
wilauted fblr. Itoiooltv woof the Aolositj-eicoonllt
or the United States. Milt a% iltio eoliitod ciech 11-11444.'
..ao Age Commode, of like Vlse ha horik Palbelllll4 1r floe
Sent of Gusetatneas, to aeniet r w geeilieee lie etteefili
1,1 • risteteuse instead of repflllog the *Mob aim.*

Dui .Voraingairolisie of die day Us snots re.,
marks im the prupwilion, that the. liabloiec si troll
oust be 1)4%1 in gold Amal siive4, labia\ Ts meet
?ass by, pbe one single day. Tb4.1141••b04 ,E.
passage .it %bleb ise :-
“ ivessval al iloe cinirl at
Bnizap. fats, actors., piemaell
toads Amerivi to tarapi as before
tsteat, hive ti.i4akilbcd* is

asaJe tawifest, that all our ideas abate at WNW at trade
beiag paid iugold aed biker arm falla:loue; for if air *weft
ma the subject were correct, there would be many buadredsed
of the towboats weals sow is Ibls emu dl7. Weber**,
asserted almost a caimans Matinee of trade in our favour. Mr.
PUT enotiougUy hauled at the resources of tile alibi by thit.
triwrimt, and Mr. Moe; states the :wawa balonee of trade
favour of this country at 14,11.10,0001. I but Mr. Wag* rLY,
io his Treatise too the Theory of Money, has . exposed the rail-
lery of thew pretensions, by 'hewing that the whisk wines s
the wettel Produce 11111111101 y bit
.7,0(111,4M01. of bullies. And
yet England, France, mad others, claim =wig than
au annual balance of 40,01101041."

711 E

Thu.ratult of the removal of the Court of Portu.
gal to the Brazils, is here accurately pointed out, as
far as. that question goes. The revenues of the
Court, and of all whom the Court induced teemi.
grate, are now chiefly expended go the soil whence
'those revenues proceeded ; atti it is cot improbable,
that even accumulations of surplus revenue go to form
capital, for the improvement Ed agriculture and corn.
merce ill that country—at least, with consegn pru.
dencu is the great owners of the reventtes,lbst may
be the ease. This is the argument we have sire*
used relative to Ireland, as onr Reeder' will see at
a glance. If the treat' propsietoes.of
.the !cretins!,
of any country reside on the soil, the balk of the
revenues will retools theta~—that ie to say, if the
country have any activity In agricettare, esanufse-
tures, Mid such commerce as carries the surplus of pro'
Oen sod alaWsll.actures to profitable markets, for If
nut so, the results are quite of a diferentnature. The
gingiva:kw of the Court of Portugal, therefore, to
the soil producing the foirettue, will have the effect
described in 7'he Morella.' Chronic*. But the next,
step that Paper takes is erroneous. It argues, that
the notion of she ,balance ef trade being paid in
gold and silver is fittlacious, beauties " we have as.
serted almost g eonstant balance of trade in out
favour, and'ArAtosz states the annual balance of
trade in favour of this country et 14,800,0001..
whereas Mr. WRIUTLETr shewsi• that the whole
mines of the World produce sonuelly but 7,000,0001.
of bullion, and yet England, ;Francs, Russia, and
others claim among them an annual- balance . of
40,000,0001" As to the excess of our balsna of
trade, no doubt, it is stated very fallaciously, and
*with vary blameable and pernicious viewg..
this only, by the bye, for we apprehend flislittr*
, • •
nicls coucurs is that opinion. The giaillai.b; by
what Process does he Chronicle make out the
Mho', of the proposition, that the balance of
trade is actually paid in gold and silver? It says,-.•-
, " If our reasoning Go the subject were correct, there
would be mAnyhusdral mil lions oft he precious metals
sour in this country I" Dee resuming% not correct;
islet ibis error lies iii making out false balances, and
261M1411/11 creating unsatisfied expeetstiesa.et the
okentlance of the precious metals here, and tient.
-
bringing you to the conclusion, that the idea Is fel.
'latices, that the balance of trade is paid in gold and
silver. The scarcity of bullion or coin is ho proof
em itself that the proposition _is untrue. The scar.
city may come from our want of trade, and we have
argued It so. But we are not pursuisg that up.
meat now. We keep to the question, raised bi
7'he Chronicle, and then we gut into this same,
compass —" that the whole mines of the world'iwo.
duce annually but 7,000,0901. of bellieo, and pet
England, France, Russia, and others, claim among')
theirs an annual balauce of 40,000,0001." To sim-
plify the subject, we will take for granted that
7,000,0001. is the full extent el the produce of the,
mines of the w hole erovisk..• It is quite sulkiest for
all the purposes of bullion, either for cols as a cir.
culating medium, or for the elegant foruiture br
decorations of splendid life. But did it not occur
to The Chronicle, that, if this amount is nut cons.
potent to discharge the estimated :balances of the
countries it mentions, those rationales might be er-
roneous ? it was a more natural supposition, than
to question, and knock down by a blow, the aim.
pie, and almost self-evident principle—that-the he-a
lance of trade must be paid in gold and silver. TA*
Morning Chronicle we treat as being aware that
our balances are falsely made out, and do not exist
to the degree stated. But of this 40 millions which
wonted to, satisfithOheiVeel, for 11111,100f9-Inen7
.
honed covistries, Everts/I-alone require, *arty 15
millions, ucording 'tis ties claims. Vey well I
&oppose you reduce ourpretensiens to balance, hy.l
.it
tape-thirds, you already bring the dimmed, and the
gepply vastly nearer together. But The Chrisnids2
pt least, will not complain of the deduction being too
cal. It begins the article wears discussing, by a very.
'forcible, and very trite picture of the " mafavour.
able speculations of our merchsnts to the Brazils" I
....sod, ao doubt, it well knows whet (he 'value oft
,our speculations to Heligoland, Gibraltar, wad
Malta in. But these unfavourable speculatleins;
ilci not conga only of goods sold for a loss, hilt
foods locked up, never to be sold at all. Here, I
thee, it part of your IMPORTS) the excess of which,
placed against the imports, makes up your fended
atance. It t, we can only contrive to get Out'
hunt vessels out of port, and to get BOW
fools to freight them, we can stake balances
oessegh, and large euongh—hut then, they are
of a kind that requires gold or silver to
y . them. They see upon paper, by karat,'
Abe merchant owing bis balances to the tsanefeci.
sopereergo his balances to the trier.
- 4aantisetsrer owes his balance, le
AS hat. rid the predates. So fez
that b1j"d1.041,417•14,90:
, .

s•:.

,

•Wrer, and the sot
Pttetatal ftemsotogit IVIII ad*, whilst tht;
tha swat trassitiefillieltaws
re ; and Imo
ems *04,04 , isnot ty,_ mud 4
4... w Ist this Illtputtil