Rhode-Island Republican. [volume] (Newport, R.I.) 1801-1806, 1801-12-19

coDsnicaI arrangement IN the Articles Isl
probable if rhe Treaty wss in the leah de-
gree under the contToul Of the Englifh min
iRry, chat they would have fufercd the name
Of a "Cor6can Ufurper." 70 be mentioned
before that OF their righttul Sovereign This
is cohtraditted in the Ccntinel, bot as both
the Fsench and EngIifh papers publiihed the
Treaty in this form, we have realon to be-
lieve it is agreeable to the original. The
farce, however. docs not end here, for IL is
{" done IN London. on the 9th Vendemaire,
and 10th year OF the French Republic !" thas
oblising the Engiih to acknowledge, within
the Britiih capital, the freedom, fovcIeiensy
and independence of the Frepch nation.
IL looks then as If the glory Of thcsBri-
tiih nation was " burning TO the waters
edge" How the I" Rainbow" viii appear
after this event, is apocyphal it may
brighten, or il may lole its luitre and as this
luminary has heretofore been fummoncd 10
take an active part in our political contro-
very. il is hoped that the slmanac makers
in the leycral States will def:ribe with the
.utmof accuracy in their next years publica.
tions, It's variation 10 TO the extent Of its
arch, or the brilliancy of its rays.
For my own part, read the Centinel,
Palladium, and Price Current. merely 10 OBJ
ferve the chagrine Of the Britiih party. Even
their exnltations are evidences of their NOR
ti6cation. If in one paragraph they Gate the
advantages of the Englilh by the Treaty Of
Peace, l am fure 70 find that the next will
declare the fal6ty of their rcafoning. They
train every nerve to vindicate the honor Of
Britain they ampfe US with pretty aory
about " "omniums :" they delcribe the public
funds as ri6ng to snimmcnic value; bnlbe-
fore their readers are well prepared to Ioin
the chorus. they b!aa their own information
by anticipating fome terrible forebodings,
which entirely detroy the luxury of their
repaf. "They build up with one hand, and
knock down with rhe other"
In the preient fate Of politics. l arm al.
NOT peIfuaded to condefcend TO ak Major
RuGcl (this Neckcr of Finance) TO explain
his Farraeo of the Brisih Debt. when he
fays. elf il were 10 be wiped off entirely,
with fponge, it would not caufe fifty indi.
viduals in the whole kingdom to retrench
one meal day in their fobiifencc." If this
hypothesis is right, the American deb: could
De as eaGly wiped off as the Britiih the ma,
tional debt of both nations fand On the fame
BATS the doctrine advanced in the Centinel
applies equally to both countries. What
then will tho flock holders in the United
States FAY 10 this Ccnrincl mode Of Finau-
ceering How would they reiifh this fpong.
ing manner of fe,tling their claims ?--If We
fhoald have publifh.d limilar paragraph Ia
the Chronicle, and inRcad of Britain, infen-
cd America, the and 3 per cent. creditors
would have rcalon to reprobate the princi-
pie; if foch diforganizing fentiments had
been advanced by the Republicans, the ana.
themas of every hock holder would have
followed them with the mott clamorous vo-
ciferation. The Ceot;ncl, by the ignorance
of its projectors (the Editor being only tool
in the buGnefs) has funk too low in public
eitimation to require ferrous reflection on It's
numerous abiurdities. II we ihould hold
them ariealy to their own declarations, the
funds Of the United States would be convert.
ed TO very different purpoles than paying
their creditors.
A. friend to the honor and national
character of America, hope nevcs to fec
fuch principles operate in this country, as to
place the creditors under the tyranny Of a
"fponge"-public credit is the energy Of
government; Republicans mould ever attcpd
to their finances in fhch manner As to give
confidence to its citizens in their loan of
money. Whatever contratts are made on
this BATS, ought to be tenaciouiiy foliilled |;
the credit of nation ia as facred as that Of
an individual 70 far from "fponging." l
arm for punttual and honorable payment 70
fac from forgetting that no injory would
arife from annihilating the debt. believe
the greatea injury would arife if fuch mea-
fure ~as adopted.
The ob(ervations made in the Ccntincl
on the public debt of England, arc the very
efence of Jacobinifm. The Editor from bis
arrogance. feems to fport with every thing
that is held valuable in focicty he fpeaks Of
Peace as curfe, Of the public debt as a Chi.
mera. and YET, under political infatuation,
he is fuPported 10y the very men whom he
n