Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1810-01-19

l
Iiect ofthe Ses,atus Consu.tum NJ" which
accompanied report made to the en-
7eror OF the French by the Count de
Huneburgh (Gen. Clarke, minister oil
warp dated September IS, 1909, will
leyince that France, no less than Ea-
gland, justly appreciates the worth OF
national reputation as it regards the
resources of the empire.
The enemies of France, OBSERVING
: that we levied the classes of 1909,
/ aud 1910, before the. period in which
[ they were to be called into action,
/ thought, without doubt, that we had
7 recourse to that mode, because none
: OF the resources Of former years were
/ lett to us. How great was their mis-
/ take !...: Our moderation had thro wn
oeil over our strength, but our mo-
: Iteration is DESTROYS now of mantle =
: ting our strength. Let us put an
end to an error SO fa.al to our enc
mics, aad which may becom. still
more disastrous to them When then
shaHbe rveH acquitted with our re-
7 soarces, they will, no doubt, be con-
{ yinced that frank and solid peace is
the only part, the only post in. which
! they can hnd safety ..... 1t il the duty
| OF France to make known to her
{ friends and enemies her true situa.i-
on; that situation is such as to in.
+ spire the former with more energy.
and to warn the latter, that. in takino.
: up arms, they mast expose themselves
+ to certain loss
Such is the Importance which both
France and England, the two greatest
powers OF modern days, attach to the
reputation of their resources: the
perceive in it great part of their pow.
|er, and rather than subject it to doubt.
they encounter all the miseriss and
|hardships ola tyrannical conscrio,i,n
and a protracted war. What is thu
conduct of Albere Gallatin, in relation
to this point' !. His reports shall speak
for him.
In the autumn of 1903, Congress
met, and the country was put upon the
alternative of resisting the encroach.
ments OF the belligerents by continu.
ance of the embargo, or by war. SUB
mission, it was conceived, was out of
the question. Ittherefore became the
duty of the Secretary of the TREASURY.
by broad and ample developement
|of the resources Of the country, to ma
niiest, in coincidence with the spirit of
the people, that the u. S. were compe.
tent to support their rights by arms, If
that course should be deemed neces.
sary; or that there would be no occa.
sion to tax the people for the support
OF their government, if the embar.
go should be continued and that if
loans must be resorted to, the repay
ment of those loans would not solely
depend upon commerce.; the revenue
from which Was then CUT off, aud the
future proceeds of which, from the al
tuation of the world, were very preca.
rious. Such manifestation of re.
sources Would have raised the repu-
tation OF the country in the eyes of TO-
reign powers, and shewn that the go.
lvernment of America was not onIv
willing, bat able to meet the very wors,
that could happen. Bur, what does
Mr.. Gallatin' On the 10Th of ID zee m.
Der 1908, he reported; and the follow.
ing are fair extracts from his report
1T is ascertained that the nett re.
venue which accrued during the three
{ first quarters Of the year 1905, did
not exceed eight millions OF dollars
and IS daily decreasing.'
Under existing circumstances. /,
IS believed that the reimbursement
OF the new six per cent stock will Be
nominal, and must be ELECTED BIZ in.
curing a ne5U debt to an equqi a.
mount.'
"ltis presumed that the receipts a.
8 rising from importations and paw.
men's for Lands subsequent IN the
3oth Sept. 1903, 1UW not be create,
than the deductions ON account of ba1
8 debts"
Leaving a surplus Of oaly Tire,
millions Of dollars for defraying al
the expense for Notifications, mill
tary stores, increase of the army anc
navy, or otherwise incident 10 stat,
OF actual war, or Of preparations fo