Alexandria advertiser and commercial intelligencer. [volume] (Alexandria [Va.]) 1800-1803, 1803-09-14
FROM THE BALANCE.
No. III.
4 comparative viies0 81 The disad+vaatages
aad5<ne6s, eubieb avoula 9roba6ly ae-
crue to tbr Ua,ifed States from an ~.
la,gemeuf IF their nrrifor'a1 ""'ss q
The bnrrLajs ef either
LOUISIANA OR THE FLOKlDAo.

y
security, the wheels of business Can never le'.
be made to, move with ease and celerity
without constant application OF this
mario oil. A sufficient plenty and
due circulation of money, from the centre
to the extrenlities Of country, like blood
circulating in the bodies Of animals, Is the
life spring to agriculture, manufactures
and commerce.
Mr.. Livingston, in his memorial, makes
upon this subject some very pertinent re-
marks. which, are vel! worthy Of notice
and consideration. Speaking Of France,
he saws. 6 Her soil, climate, and local 81
tuation gives her, as commercial, and es-
pecially as manufacturing nation, great
advantages over all the nations OF Europe.
The spirit Of invention, the taste ana ~
dus,ry of its inhabitants, place her IN the
fist rank. But those advantages are won
derfully abridged B, The qvanf Of capitals
sufficient to make use of them. A rival,
nation, greatly inferior in every one OF
these particulars, has oy the effect alone
of an immense capital, obtained the supe-
rior;ty, not only in,commerce, but also IN
manufactures and these advantages, by
increasing the national fortune, furnish It
with the means Of obtaining that very SUI
pefiority.''
& Capitals increase the number of ma
nufaGtures, by the introduction ofnachines
by the regular payment of workmen, by
the reduction Of the interest of money,
and especially by the possession OF new
markets"
Tie honorable menorialist proceeds,
to point out the luxurious consequences
of " using the capitals Of the nation in
distant countries j" of" multiplying points
Of defence - and of {" squandering away
the capitals they want at home. !" lie
states that Notwithstanding the extreme
fertility of the West India Islands, /" It's
folly to believe that they will yield to
France compensation for the actual cut
sets, unless it be after greatnany years"
and that " the national expenditures will
increase with her colonies He Inciden-
tal!y mentions TIE pans, the expenses
I'D loss of men, which arc inseparable
from -ew settlements, in marshy coun-
try and a s-eqing climate; the invaslons
ofindlaDs the resurrection Of slaves,
sc. He puts the question, /" Has
France a sxperduiy Of ~..u and mouey
great eneugb hjafO f6el rtfl'a. ofa aezu
eolony % He remarks that 6 t,.~asb
settled for one century, Louisiana has ne
yer prospered under the French or Spanish
government J" that S one century at
least will pass away, before France may
want possessions of that kind - that its
settlement BY the French" would divert
capitals from much more important
channel - and that" the expence of such
an establishment might ruin the public
treasury"
Theic jua and wcighty remarks Of the
honorable memorable, while they prove
that France would Inevitably be ifrpov.
erifhed by diiiipating its capitals In the
fctrling Of Lbuiiiana, do alto apply, even
with much greater force, to the United
States. 1t cannot furely be pretended
thar there is in this country q /xpeyRai.
~ of maxey." 1t has no mines of gold
and Glver and all the money il ponel1es
or that it ever can acquire, has been and
muf be purchafed from foreign countries,
by the labour of its inhabitants. If in
deed there were now large national ca.
pital in the public treafury, it would be
needed at home, for the inftsuttion OF
children wnerc ichools at private expence
are impradicable, and for great variety
of other uleful and necehary improve
men1s smong young and interesting peo-
pie: but inltead OF poasflng clear CAPT,
laI in cath, this nation is loaded with
great debt, the price, in part, Of its indie