Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1808-12-20

al, therefore, hoped for much information
upon this part of the subject from gentle
men who possessed it but have received
very little satisfaction from them in that
respect.
The first effect ofthe embargo, upon the
aggressing belligerents, was to lessen their
Inducements 70 war, by keeping out of their
way, the rich spoils of our commerce. which
had invited their cupidity, and which was
savedby those laws. If they had once pos
sessed themselves of this enormous booty,
it would have been a sure pledge for open
and direct war. 1t would have betrayed
tie expenses of the war for several years.
If they had not gone to war, they would
have been compelled either to restore the
captured property, or to make indemnifica-
ton for il. Its amount alone, would have
been sufficient security against either of
these acts of Justice. And Is it not better,
that this enormous amount of property
should he on this side OF the Atlantic, than
Oh the otherl In the hands of its lawful
owners, than in the hands of unprincipled
freebOoters? Is it not better that 1t should
hp drawn 10 our aid in the event of war,
then applied to aid our unjust adversary
Upon this point, presume, there can be
but one opinion.
The Cd effect, which the embargo laws
have had on the aggre ssing hellgerens,
isto enhance the prices of all American pro-
durc especially articles ofthe FIRST neces-
s.ty 10 them, 70 a considerable d->Sree, and
if it be iittie longer persisted in, will Ell
ther Danish our produce, (Which believe
indispensable to them,) from their markets
altogether, or increase the prices to an e.
RoTmous amount; and, of course, VIC may
hope will furnish irresistible inducements
for relaxation OF their hostile orders and
7 H.
Tie mercantile information of the gentle
man from Massachusetts. (Mr. LloFd) and
the gentle man from Connecticut, (Mr. Hill
housc) they appear To me on this occasion,
not to have been very correct, ] have be-
fore me, two prices current from Liverpool,
the one of the 9Th, the other Of the 10Th
September last. They, presume, were
written under no political bias, favorable
TO the United States. Let us draw our facts
from them. / will begin with the article
of the first necessity in Great Britain, and
osc which, at all times, excites her highest
sensihiiitv. She manifests, at all times.
more anxiety about her corn laws, than a.
nv other subject of her political economy.
This is n necessary result from the pecu-
liar state Of her population.
Let us then inquire what is the present
state OF bread sluifs in Great Britain. In
the Liverpool price current Of the Sth Sep
TENDER, find this information upon this
suhiect. -"Our grain market for the most
part of the last month was very dull how.
ever, within this day or two there have
heen some extensive sales made of New
York wheat at IS Sd per 70ibs. and the
holders now demand 13s Cd. lbs Cd. for
prime parcels, which may possibly he OBJ
tanned, as the appearances for the harve s.
IN most parts of this kingdom are not quite
IL al - IA.
late heavy rains having proved injuriou:
in many places, and the srainis much ligh
Ter in the ear than former seasons; but a!
the dealers and couorry millers buy only t.
supply their immediate wants, we do no
calculate upon . material imProveme mt OF
the annexed prices, unless some expor
vent TO Spain or our West India colonies
takes placc.--Good sweet American flOu
is not 60 he had in this market"
In the price current of the goth, find
these observations :--''Lsrge speculation
have lately been made in tobacco, in con
sequence of our sock becoming limited
but should the embargo be raised this ant
every other description of your produc
must very materially decline in price
wheat and flour excepted.
Our stocks Of grain are but moderate
although we have been much favored il
ctr harvest"
Whist reheotioa does It's information ma
tur4lly p,e en- to he mind I a Tie crol
is iimited--that bread tufts are high an
likely TO be highcr--ihat there IS oh
deficiency of bread stuff, that our who'll
supply will not depress The market, ever
in the event of raising the embargo; an'
certainly continuing it, (Which does no
seem a. all calculated upon in England
would lessen the quantity and raise pro.
portiona5ly the demand and price.
The gentleman from Connecticut (Mr.
Hllhousel tells US, we cannot starve G.
Britain, she being mistress Of the trade o
the world, will supply herself with breaC
stuifs from other quarter. and from ) an
IRISH America. l never heard 1t sugges e
except by the gentlemen in the opposition
that we could starve Great Britain but
that Through cur produce, particularly our
bread stuffs, we could make a strong appea
70 her interests. This fact is demonstra
ted TO nay mind. The Liverpool merchant.
differ With the gentleman in his uercln.
tile Information. They tell US that oui
whole supply Of bread stufs will not de-
press their market. If ready supply
eould be obtained elsewhere, upon better
terms, there would be no need Of a supply
from us BIZ when has II happened, thai
Spanish America could afford this supply
So far from ahording supply 70 @. Bri
l. Of.