The enquirer. [volume] (Richmond, Va.) 1804-1815, 1810-11-27

ms corps Legislatif. or Parliament. ell
them OF new roads and canals compared Z
winch ocrs are not worth naming, while W.
know pretty well that he has during thi
war even, made harDor, aud an arsenal
a"u meet TOO, where there was before n,
sG"uiance OF maritime means, to ger a
"hich heet, or rather to attempt to pc, a
It, has cost US all the lives and al, the mil
nous OF taxes expended in the Waiche
rem expedition and. while we see that as
10 agricultural improvements France is a
nie 20 letus hape bread. Therefore, as this
Is the case IN France. and as these same
writer's assure US thai he pcople of France
are In state OF extreme misery me,rinks
that new canals and roads, and harbors.
and agricultural improvements should not.
oy these writers, AZ any rate oe cled as
proofs OF national pro- perity.
put, what have thes- exertionS of genius
ana industry these sifnvJs 81 she bodily or
mental faculties of a people /; what have
these 20. do with taher n,snrys Ther. is
no Iiaher money in France. Yet the French
make roads, and canals, and harbors. and
agricultural improvements. There is no
NoHer money, by which we always mean,
paper not convertible into gold or siiue, by
tue VIII OF the holder; there is no paper
OF this kind in the AMERICAN STATES :.
yet 1t is pretty notorious, that there are
improvements going ON in those States. some
OF whicn are truly astonishing, and one i'm
stance IN particular, can't help giving you,
just as found 1t published in the London
ne wspapers of the 18th of las, month. -
having seen and admired this wonderful.
and, perhaps unparalleled, instance of pros.
IPerity ana happiness, proceeding from the
united exertions of genius and INDUSTRY
and De1ng at the same time. aware. that
something approaching towards it must ne
cessariiy be 5oins on in other parts of the
country, you have only to know, ha, there
Us no such thing as fafter money in any
part OF that country for, then your conclu-
sion must be, that paper money is not ne
cessary to create. or to aid the operations
OF, genius and industry and history, at once
TO inform and console you, affords on these
iurther facts, that both in France and Anne
riea' there has been paper money that.
IN ooth Countries, that money has met with
It's total destruction and that. since such
destruction, bo'h countries have fuurished
much more than they did while that money
was IN existence.
what have the partizans of the PAPER
system to offer in answer to this ?-yVill any
one OF them venture to look these fac in he
race do not believe they will. They will
shouio suppose, rather choose TO confine
themselves TO a dull re-aSsertion of their for
her assertion, lnterspersed it may be, with
seasoning OF abuse upon those, by whom their
ignorance, or insncerity, is detected and ex
Posea. but, without resorting to the instan
ces furnished in foreign countries, have we
not IN me history of our own finances quiie
sumcient proof, that paper money, or, in
deed 6ank noteS Of any Sort, are not the
&c ;:"y thing but tie6t in
every Country, of which we have any know
ledge, a government debt has been accom-
panied "'th 0ank nofes, or Payments in ne
Her' OF some sort OF other, no matter under
what name, The de6t in England, did. as
we have seen Letter ii ] begin in the wear
1923 there appeared, a, first, mo intention
20 pay the usual gold and silver coin of the
Country.
reopie lent their guineas and crown pie
ces. and there was not Inc smallest notion OF
their being repaid in any thing but guine.s
ana crown pieces. But, it was so found. that
10 pay the interest of its debt, the govern
ment needed something other than gold and
snye' which, indeed, any one might have
foreseen, because the debt itself necessa rilv
arose from the zuanf Of gold and siiper with
~ the reach of the government. 1t was.
therefore, supreme folly TO suppose. that the
government, who had borrowed peoples gui
meas trom want, would long nave guineas e.
noueh 10 carry on wars and TO pay those PEG
pie TOO. Accordingly, in only fluo years af.
Ter the acct began, the Bank quas establish
ca the Bank made notes these notes, as
lar as they went, supplied he place of real
money and' very soon, by giving all posi-
oie Couhtenance and support to the Bank,
the government got great part of the inter
est OF us debt paid in bank notes, Thus
were the bank notes. from the very outset.
as indeed, aHfron,issory mates must he, the
Representatives Of debt, and not of -peoifh
OF prosperity, or OF trade and, if this was
the case. at time when these notes were
convertible into gold or situer, shall we nov.
look upon them in a better light
In spite, however, of the voice ne b;o,o.,,
anu Oh reason and even in spite of common
sense there are las in the Instances of Mr.
HANDLE JACKSON and Sir JoHN SINcLAIR)
men TO be found, so ignorant, or so hardy. as
10 hoid bank notes, and promissory notes.
TOO, nor convertible into real noncv: there
are men 10 be found to hold up this haher
money, which, as we have clearly shown. is
always issued in consequence of n 4pant of
real money, and which paper money is az
BURKE (See the Motto to Letter wiz well
describes At, " not the measure of the trade of
the nation, but of the necessities of its GOV
eminent ;---there are men TO he found
VINO Ike Mr.. JACKSON, insist that AN in
crease OF paper money is called for nv an
increase OF trade ;---and. who. like the Dol
der BARoNET, scruple not to assert. that
the abundance of circulation" rspeakine
Oh oank notes not convertible into gold and
SIVerI :" IS the great source of opulence and
strength, and MINE Of national Drosneri
" and, who have the boldness 70 III ~,