Alexandria daily advertiser. [volume] (Alexandria [Va.]) 1803-1808, 1806-03-18

tain gentleman IL this city. Its stated
the face Of The subscription paper, t.,
projscs is to be no more than lspal IT,"
10 South america, tie particular p.., ., o.
tlnaiion not belng mentioned aud y
added BY way Q! encouragement, ,ha, i.
subscribers may cxprctto receive no, H.
than 4ooper cent. profit ttou The advtn
ture.
Such is the general outline Of the mr.,
Ject itself; 1t Is incumbent upoa u IL sun
join lew reports, which are u!.lm0r,l
connected with it. We have no l1.bn'
ton to deceive the reader In single l,,.
and it is on this account that We cuH H.,
reports. They are such repor.s, how
ever, as are entitled to respecs, on .,
count of the respectable authority irom
which they are derived. Ii, ,b.s
reported, that by way ola addilions, n
clsemeRt 20 an immediate co.opsratio,
the design, /, has been represented ,b,,
similar adventures are now RAPIDLY ~.
crossing in some Of the richest po,,b r
towns, and that the certain profit Of Il.
speculation will quickly tempt other m.,
chants to embark their capital in III. ~
venture. 1t is reported, that three or f,u.
Of our merchants have already copse0,.d
to subscribe for shares. 1t is ,tsa,,sJ
that one Of the friends of Mr., Jsaer,on
: has been requested to inform him of,b.
plan. and advise him to take share uplrr
fcticiouS name.
Our merchants should pause, befor. thew
determine to venture upon schemes The
profit and propriety of which are SO cx
tremeIy doubtful. They say tina, this is
to be !" legal trade" to South America.
But we ask what is this trade which is 50
profitable, and at the same time sanctioned
by the law Is j, the customary trade which
is carried on with the Spanish ports OF S.
America? What then has made this usual
trade so unusually profitable Or whence
comes it that trade of such extraordinary
| advantage should SO long have escaped tn.
lynx-eyed vigilance of our merchants that
capital which always seeks its most prof,a.
Bile destination should so long have Stunned
this particular branch of commerce and
tina; the inland capital of Virginia should
all at once have become The asylum OF
commercial project, which has avoided the
towns on the seaboard? If it be said tina.
these town have slready embarked their
capitalin the project, we would ask our
merchants whether there is no danger thai
the multitude Of adventures should reduce
III. profits of the adventure.
The legal trade here spoken Of may no.
however, be the customary and Limited
trade carried on with tbe Spanish colonies;
but new and more extensive trade to be
created out of general Miranda's project.
This is in fact the trade which is general
" understood to be the one alluded TO 10
the project. 1t is said that when Miriam
da succeeds in revolutionizing some OF the
provinces of South America, he will throw
open their ports to our vessels toanaSs,
will be wanting an indescribable mass OF
the produce of that country will be ready
Tor eXpOTtdtlCu ) 0ui "StS''""NH~ =
produce an immense profit. Fortuoa,'
then will be the vessel, whose cargo is hf''
waited into their ports: Happy the mst'
chant, who reaps the 6rss harvest OF M.
randa's genius This picture IS eer'aluiy
very glawing one, but let sober reason
for one Soment ponder upon its correct
ness. IF Miranda succeeds; is this eseu'
probable? Have our merchants eSa'HiA'
ed his resources, those which ne mas Ca
ried with him and those which ne viii neA'
meet with in his own country Inc pc
siudices of the people whom he is to ema =,
cipate or the power of the go'e,r,o%su.
which he is to overthrow? Have all 'h''.
details been satisfactorily explained ',
them? Blu, suppose Miranda fails % " IA,
then is to become of their profits or '"e"
capital? Why! this 400 per cent. aoV s..
ture like the Mississippi or the oout" y. w.
bubble, may for a time eapt'vaI'ee vac ~
server by its dazzling colours, and IKE NV"
e,,,o,o,e into &C thin air {"