The enquirer. [volume] (Richmond, Va.) 1804-1815, 1811-04-23
.eGttutrnpf9ee.
IoNnoN Feb rs

LONDON, Feb Is.
The Moni,eur has extracted an article from
an English paper, in which IT is stated, that
cough England Incurs much loss by the COM
merciai privations which Bonapsrte's system
produces, the final result will be a financial
embarrassment and commercial distress on the
continent, equal, at least, TO that which En-
gland must sustain. To this observation the
Noniteur has attached the following note ,st
PARIS, Feb. 7.
Doubtless The measures which annihiIate
the English commerce must produce re-acti
on Which will be felt on the continent, aud
CHIEFLY by those imprudent houses which ,baVs
insured and discounted for the accommodation
OF the English trade, and from the channels for
IT'S communication with the continent; but even
sdmi'ting this total overthrow Of commerce not
as the ACT OF France, but the consequence ofthe
DEGREES OF 1906 and 1907 = it will not be less
true, that France and the continental powers
cannot experience any loss in their revenues. O,
10 their means OF carrying on war, since the nine
huhurea millions which constituted the reve-
nue. OF france IN 1910 are totally composed Of
net receipts OF ready Roney-These 900 millions
are more than sufficient for every possible want.
England, ON the contrary stands in need of
loOo millions to suffice for her expences, and To
pay public debt of1600 millions Now these
ioOO miihons are not the result of the revenues
oil England but they are at least, partly, the
p">,"Nc vi TIC advantage which she obtains by
her brokerage, otherwise called her commerce.
her commerce is verging TO destruction-her
crecil II already destroyed-he two SUPPORTS Of
circulation on the continent, Amsterdam and
hamburg, can no longer be OF service to her.
ana with her no merchant Of the continent wish.
es to trade IL is certainly easy to foresee. that.
AT iensttl' IN 1918, or 1914, the finances of Eng.
land Will experience such check, .bat tbev can
no longer suffice for her wants. The situation
OF rance IS very ditterent--in 1911. in 1872. in
eaCh succeeding year, she will become more
'Cn' Oy SAVING OF All expectation of $50 millions
WHICH was the expence Of colonial merch,n-
dze, and by the increase of her manufactures
The tate OF England is already evident. Her
exchange loses 80 per cent. At London even
alhough 1t IS capital offence, bank nots -
exchanged either for gold or silver. a, * nd ts
per CEN. discount. The bank notes are forced
notes. and true paper money THIS state of
ul'hgs must grow worse every day The ouan.
NY otnOtes which bank can discount is IN nro.
portion 10 its credit; business being decress
Que nall AID credit mutilated, the loss of Inc
noteS cOnDsred with specie must increase dailv
history WI not comprehend no " a rovernnen,
founded on commerce, which is in want Of l60o
lhli'ons fUr its expences, and Of which more
than 8OOsr derived from trade, can he en- in.
cohsiuerate as TO tear in pieces the commercial
CHARACTER To overturn every principle. on,
commerce ONT OF the common law OF nations. ard
IS II were,to place IT IN state of seiec This -
'O"eVer the consequence ofthe DEGREES of 1896
"a 1907. In feet. England is d,rte st,,,oed
with what IS passing. For these last suadred