Portland gazette and Maine advertiser., 1808-08-29

from the ule of our produce for one
year, they will eat double the quaint
ty the next.
Theie are fome Of the remote con-
tquences of the Embargo and for
which our polerity Of unborn gen
erations will have caufc to curfe US.
| will now examine fome Gifts pre-
lent effects.
By the report ef the Secretary of
the rreafury Dec. goth, 800, it ap-
pears that the tonnage Of our mer-
chant ihipping, was at that time
I,248,ooo.-It has no doubt conGd-
erably increafed lnce that period
but taking the fecretary's report as
my datum Of calculation, and valu-
ing the fhiPping at 20 dollars per ton,
which has been efeemed low, the
total value WILDE dollars 20, 900;
which for the convenience Of round
numbers afume at $4,000, 900. -
The average freight which this fhip-
ping could earn, per annum, would
be rated low at I3 dollars per ton,
consequently the fhip owners fuftain,
by twelve months embargo, the i'm
menfe lofs Of f1teen mili9n5 f1vo hun
dred and tqUenty fur tbsY)and dLLdr5,
BY being thrown out Of employ
ment: Nor is this the greatef of
their lofes veiIels generally fuffer
more by laying at the wharves than
when employed at fea 70 that,
fhould the embargo be continued for
a few months longer, It would not
perhaps be too much TO fay, that,
from the occupancy of our once &C
cufomed channels Of trade by others
from the difficulty, if not impom-
biLity Of procuring feamen, 70 many
Of that uleful clafs of our fellow CT
tizens having been forced from their
homes to feek employment in foreign
Climes--from the unavoidable havoc
of the worms in fome Of our ports,
and the rotting Of our vefelvS IN 9TH
eIs-and from other cauies-our
fhiPping were 10 be reduced one
half in which added to the
lois Of freight, gives the enormous
fun Of to,ty one millions t7v0 hundred
and twa1ty t5ur tt0utand d5AarS, to be
borne by our merchants alone, as
their prefent quota Of the embargo
! tax.
Again-The annual production Of
the United States in agriculture,
manufactures, profits of the torelt,
rivers and fea, may, in round num-
bers, be fafely eftimated at one hun
bred and frvcnty five millions of dol
lars, including about forty eight mill
ions annually exported. If we de-
duet from that fun, thirty five mill
ions, as the probable value of domef-
tic manufactures confirmed in the
ceuntry, it leaves one hundred and t0r-
y millions as the annual product OF
our lands and waters. This at the
| preftnt moment, is reduced one half
in value and if the embargo con-
tinuts for more than year, will iui-
| tain fill greater diminution, OF per-
haps totally perrin or our hands.
The average price Of -four, in the
United States, cannot now be rated
above three d5A,ar5 and ftty cents per
!, barrel, tho in the lea-PoTt-towns it
may be fold in Emall parcels, at four
dollars and feventy FIVE cents. | re-
member when, in federal times, the
average price was about ten dollars,
and when it fold in our iea-ports q:
from fourteen 10 fifteen d9Aar5. It
may be alledged that 70 much Of Our
produce as is necehary to our fub-
\ ffance, cannot De impaired in value.
/ II is not, however, value in ufe, but
value in exchange of which | ipeak
and if wheat will bring two dollars
per bufhel in the market, it is worth
| two dollars to the farmer, whether
| he continues it in his own family, or
| fells it to another.-BeGdes, lowing to
this mott prepoferous and unnatural
arreRation of our commerce, there
are at this moment more than two
crops on hand it being notorious
| fact, that abundance Of wheat Of the
growth of 800, is fill unfold in the
granarics of the farmers. Hence It
may, and if the embargo continues
much longer. will happen, that, e.