Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1811-05-13

was to be Gone EljQ 0SilTeftG IL HE ce,-c
the ensuing spring, taat there werc cr,rl
ed in the CITY, in connection with tb:s h,'.
ness, about 1000 persons; thar owing to ;.
sp,rehensions excited by the expec,ed "~
renewal of the charter CT TIC bap,. CT ;ba ~
Se1es, great inconpcilie NE mad iec.. ;.l,s.s
experienced by Ill ci@sses CT naei. in ~:
CITY that confidence was nesssly t!cs,eo,%
he could neither obtain money 10 av y
workmen or to carry Oh MS bushes - "a
the former, unless change took p!.cr =
must dismiss that such I'D been The;
Growth of the navigation Of the Z St,,ns' =,
was difficult to procure good workmc., ="
highly important TO keep them i, tie eo,r
try. and would be extremely dis..Slrart, ,,o,,
20 have them drawn out of it tilat slre.J.
owine to the great increase Of ship bGiIlt"'
IN CanaGe, aeelts wcre enGcavcT:l.r 10 irA,
.he1, 70 leave tie <. s,tstes for ,het count
where they cou!d c&rr more n.oi.ey tl.D
hor,e. (hst il tnc baiik Vas obliged 50 1,n
the pmster snip caspri;tcIs could .!li.hcr K
row money Dor collect tlieir debts, and ~,
ofneccssity dismiss their workfien, il WIKI.
case very many of them woald leave 4, r
States, aud probably never rcrFn T.a&
did not believe that more tha.l tro or I.,res
the reysons who had contracted fo1 vessl
in the event CT the dissolution OF he s,
would be abe to fulfill tieir Contracts IL,
in consequence, TIC vessels wcuid be left a
the b.nas c. the builders, WHO, On .ieii ~,
would be un.b.eto meet tilsir cnsagcracre,
and that the vessels must be flil.d!r MM fr
the most tney would fetch, probably nhH
their value, to The great loss, and Ferhsrs N.
Il Of the builders.
lie had been himself largely in business.
anu had dealt for many years with ti.c halI u
tic United States he had crer been tre~tt
Literally and kindly BY It (; he viewed himsR
Indebted il :. considerable degree tor Ills sry.
sent standing IN society, 20 the accc.G1ccI:.
o.ls lie had received at that bark s;ih i; tie
course OF his business, he Occasionally tctk
notes, IL three, Il Or Oh SIX rncutils. NliIn hw.
ing {. loliner tnic 70 gun tnan that 1t WIKI
TIC bank discounted Of sky days, he sopnA
convenient to convert into money, ills iite..
to he could always readily Go, by carrying:
notes 10 wealthy merchant for whom ).
sometimes dix business, aud who s:ithcgtG 10.
always been wiling to discount thera ,or hG
II bG,.g interest that bci2G cat nE itc1i is |
usual discounts at tie bsIt;., ,hs recently 81
deavorcd to avail himself Of this rcscnna
but found it wholly shut ;gaiast him that lie
gentleman, whose iI!rGs rad hithe.tc Irc,.
cd inexhaGstibie, would ncw aE'oid no !c.i,.
confidence Was de stroyad &c sEr.y NIX FG5 |
was safe he would NIX 20 i.cw di5ccug.:!
were the answers lie obiai..ed instead O.! ~.
new.
mr. Giicc stated, that this out-of-door is
conuting mad bsei, OF great service to the rp
nutacturers and mechanics, as they cou!d III.
eucntiy get money from it, when they coaG
not obtain discounts at the banks :: he hid IA.
son to believe that the anUnnt q money has
employed III the CITY, It the leg.l and adyatc"
cd rates OF interest, was 10 less tasls segea
millions of dollars, that this resource was nov
wholly cut off; thy who had money "onia
not loan it at any rate, and Kept It on hard, en-
tier 30 Secure it, or 10 derive an e&crbl:as
advantage from the necessities and sacrifices
or others. Mr.. G.ice believed that, with ".
~ few exception all classes liz Philadelphia
were il fayo: ofths renewal of tire ci,arscr q
the bank !; without it, he believed great iisrn'
b9rs OF persons would De rendered bsnkluesS
ald general distress, at least alliong tac inS-a'
f.cture3s aGa traders, would ensuc.
Mr. Fo::dcs, i master house carTente: u
extensive business, informed the caylInit"
there we're az this time building ,bout a:'
hundred brick hoascs III PHILADELPHIA, tTt-
thirds 81 which belonged to tie mecfGnics"
the city, who ara in the habit Of purchasing
lots OF lad on credit, and who, with t.ei: o"a
capitals, wiicl in many instances are snsS4
aid BY borrowing q the banks or cfindiyH.'
ais and buriDg materials on credit. are es'
blcd to erect bindings, on the sale OF S'tS'
they depcnutcr the ,,.caI,s ottaectng then e.
that he himself at pwscM ONT,
Of this description, Oh the esle e.
Which he had calculated 40 :..s an'ouf. Q,
10000 dollars. He employs. one hlndf0a
wCrkmeD.
Sheet tc5c coa.:vued.j
CHARLESTON, Nav J.