Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1810-03-31

Y0uuE - 49, 49, sssA aavy
nd & ws xann6f import fstsisa naanaiis.
,,6res many oftheta must 90 into nsaDufac.
,,,,;so estsbiishmxnt 4hit instead Of ,hi.
neV land being sasables is viii reduce ths
yaius cf the lad already settisd. one hall,
a,'l.aa,. And idssead fof tho people max.
inr new p,,rrbas,s ssd ssn'ingnsw eOua.
,r;s, :, ,h,se Who artalreayy YIN new ccunuiss. &
yb.1s ,lsrte are but few i,hahitan,s, wiz,
for the sake al society, at.d To- be.tsr ,hsis
circumstances; move bst X TO ,resetylc the
old stat. s, SO tisas His Wild land, in sutaa
s, ate Of things would hs SSf.h but i'H.s,fc.
a century to c6me:
It's will. the public, as with an 'ad'wits.
al. who spends his estate athls own vs!ua.
ton. An individual pnts q value oh bis
estate end borrows money ,unt.s ne gets up
"a half il. value, ia Ills judgement ; thea
his creditor und.askestO pns Ct, his salua.
,ion, according 20 Old Hudibrss's mode q
valuins properly, and take the whole ofths
estate for halt lis 4alue, according 10 the
opinion Of the owan and ne Is AZ once
made pocr man It an individual has
wiit! land, and .wslMs TO borrow money o.
keep up his credit. IL is only 10 add few
dollars or Gents 70 the acre, which adds to
his nominal wealth and sometimes gives
him additional credit. -
Political and dom, site economy are much
the same. When a mans income lsik
him, insts al Of ruuirG a nominal or nc
,it;cus value on his estate, which will De.
csive himself and his eretne,s, hs he'd BET
ter reduce his .xpences to his means. Our
revenue having failed owing 10 cur rt''r's'
,ions on commerce, instead OF increasing
our sxpences, which will make Il Necessary
10 lay additional duties and burdens on The
people, l would much sooner rs,reneh our
rxp.ness, or ID ins,svd Of increasing the du'
tics to warrant this sxpenee, / would n.
duee thsm on The neetssaries otlife. And
instead oispenIing three snillions OF DOL.
lars about the present contemplated army
would reduce the present establishments 70
a peace establishment, q. least much soontr
than would add TO the burdens OF the peo'
pie, OF sacrifice our Western lands.
The people are much in debt ens wl'ha
mother. The common farmers OF moderate
property have suffered much, for ths last
three years. Every thing, they have been
obliged TO buy, has cost them nearly dou.
bic. Imported wool.n cloth which com.
monty COS, three dollars a yard has cost
tht m Gvc dollars; and their produce has
be-" prororrinnally low. ] svssld give
them a respite tor few years, until they
should recover in some MEASURE, from
what they have Suffered for the last thrse
years. But / shall be asked how can this
be done? Rather than do it would pay
the interes, of The debt, and let the prnci.
pal remain. can SEE no use M7borrowiug
money OF one man to pay another wherhe
does not wan, his money. II we have all
this wealth why should the people be pushed
TO pay lhe public debt at this time /! Or
debt is about fifty million Of dollars, andd
our population should only be, Eve millions,
at this time, il would be only ten dollars 70
each individual. And as our revtnue'H
derived from consumption cf> datiabie ar,i.
cles, and as that consumption increases with |
pS tcfSa"tShf ~ tndt do buJ pOPuiASou W.
er.ascs, our ability to pay increases; and
ii il should amount to ten millions in twen'
~ years TO come, our reveaus would be IN
creSsing all tie intermediate time to an.
swer the .purposes oil the government, and
at che end OF twenty years. sur numbers
having doubled cur ability 70 pay it 10 dou'
6led. So that each individuals proporsioa
would be bur6ve dollars, being reduced ous
half, without his paying one cent. an
therefore,, noeonly against raising ahis army
or the purpose oflayins sddi,ion.lburtheps
,pon the people, but / am against taxing
hem one cent, directly or indirectly for che
purpose of paying any Of the principal Of
he present. debt, when our creditors do net
want it. Let those who may come to the
tage hereafter take some Of the debt aud
ear small part of the burden with the
lsssinss that I'hope they may inherit.