The Delaware gazette., 1810-04-04

day, am physically eat Up Win e"'"'' Hc'W
is, however, one note in my gamut, which
touched either with rudeness or skill, dissipatcs
all my nervous affections, calls all my dormant
energies into action; and with an effect like
that of the tarantata. dispels the morbid gloom
mess Of my mind, and communicates to my
system all the energies of a giant refreshed
| with new wine.
Such twnge did receive from an article
in Mr.. Wilson's paper, which bore " the form
and pressure" of letter from Dover, ard
touching nv interest, made me determine to
reply to it.
1t may sir, have been written from Dover,
perhaps as great distance from it as Market
street in this borough. Its form is squa!id,
its language incorrect, its assertions illiberal,
and its W hole contour uncandid, ungenerous and
selfish. From this picture, sir, do not indulge
the belief that | wish to insinua,e that the
Waichman printer, was its legitimate father
No, sir, Mr.. w. is too great friend to our
new projec, to introduce any dis6gured bant-
ling with view of frightening us out of our
intentions; and abstracted from his characteristic
modesty and pure disinterestedness Of principle,
| he possesses a considerable freehold and his
own INTEREST," is consequently intimately connec-
ted with the prosperity of Wilmington. But
whatever may be the greatness and indepen-
dence OF that gentleman's mind, the conclusion
is more forciby drawn, that, as the bank ousi-
ness does not involve hokitical question, he
was actuated alone by his governing principles
of impaltiaty, in inserting the letter in ques-
ton. 1t is, indisputably, spurious, but the
stronger the sense of honor and integrity by
which any individual may be actuated the easier
may that individual be imposed upon. This
axiom has grown hoary with age.
The writer of the letter in question, first be-
gins with declaration that he is g unacquain,.
ed with banking svstems," indeed sir, think
this declaration is fully deserving of the utmost
credence. For what man, possessing the
slightest knowledge of the very handsome di-
vidends made by the present bank OF Delaware,
will pretend to reason, that the contemplated
institution should not gointo operation, because
wheat is not so dear now, as it was some years
since, and because our merchants and millers,
as he asserts, have generally capitals of their
own. Does he know any thing of what is
termed an erteASion Of businessi Does he
know, thar with double artificial capital, the
, honest miller or merchant can double his busi.
E ness; and that he who, now, only gives breat
to 20 mouths, can, by the obtainment of al
addition of double his present capital feed for
G tyf Are his views SO narrow, so contracted, a
> not to allow him 10 know that although grail
has fallen in the hands of the farmer, and f1ou
| consequently reduced in those of the mile
. | and merchant, still an extension Of busipes
may take place by an extension of capital TIL
=, farmer, by the assistance of bank loans, render
ed independent OF the monopoly of the monte
capital OF the Miller and he, in his turn, cap;
- bic OF stenmng the torrent of the monied il
Y iluence OF the merchant, and fixing the cas-
q price OF the great staple of this and our adj
j.. cent sister state of Maryland.
, Whatever has tendency TO encrease "
,e circulating medium, and render it easily a,ta
,e able by any honest man must yield an ultima
,e benefit to society. And the more money th
1T can be obtained by individuals to be invested
Of commercial, manufacturing or agricultural pr
Il, suits, the better for society. If miller
nd merchant or manufacturer at present obtai
e. ten per cent. upon his capital of $4,000
he which capital may affect the utmes. limits
IT'S al ms credits at the present banking establ
he men,s with which he now does business