Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1811-09-05

maritime commerce, and We shall continue
without it. The prohibition of English goods
sn the continent has cJened markee to our
manufactures; should even that fail them.
tue consumption of the empire presents a
reasonable support. 1t belongs to our ma
I,a1actures TO regulate themselves upon the
wants CT sixty millions of consumers.
he prosperity Of the Imperial Treasury
Is not founded on the commerce of the
universe. More than nine hundred millions
saat are necessary to meet the expenses of
the Empire, are the result of natural di-
rect or indirect impost. England requires
two Thousand millions to desray her expenses.
and her own revenue would not be able TO
furnish more than enc third. We shall be-
leve that England can maintain as long as
We this struggle, when she shall have subsis-
TED as mtny years without loans, without cen
soiiaating the Exchequer bills, and when her
payments shall be made in specie, or at least
In paper exchanSeable at pleasure.
ANY reasonable man must be persuaded
that France may remain ten years in her
present state without experiencing other en-
sarrasSments than those she has experien-
ced Tor these ten years, without augmentpg
ner oebt and meeting all her expenses.
England IS obliged every year during the
war to borrow eight hundred millions, which
isten years would make eight thousand MIL
hons.--How is It possible. to conceive that
she can succeed, in supporting an increase Of
contributions Of four hundred millions to
meet the interest of her loans, when she can
oniy now provide for her expenses by boi.-
rowing eight hundred millions yearly = The
actual system OF English finances can onlybe
founded on peace establishment, Indeed
all systems of finances grounded on leans. are
pacific IN their nature, since borrowing is
calling the resources of futurity to the relief
OF present wants. Notwithstanding however,
the actual administration of England has pro-
Claimed the principle Of perpetual war; this
is as II the Chancellor of the Excheuucr had
announced that he would propose in few
years bill of national bankruptcy. # is in
deed fundamentally demonstrated, that to
Wish to provide fer the expenses with eight
hundred millions OF annual loans is declaring
tnat IN few years no other alternative Will
De left but that of bankruptcy. This obser-
Walton is every day made by discerning men
at each campaign it viii become yet more
striking to all the capitalists.
We are in the fourth year of the Spanish
war; and though it should last yet few
more campaigns, Spain shall be subdued, and
the English driven from it. What are few
years, to consolidate the great Empire, and
secure the tranquility of our children? It's
not that the government is not DESTROYS of
peace, but 1t cannot be made SO long as the
affairs of England are directed by men who
have declared their determination of carry
ing on perpetual war; and what would
such peace be to France without guar
antees In two years the English fleets
would seize our vessels and ruin our cities of
Bordeaux, Nants, Marseiles, Amsterdam.
Genoa, Leghorn, Venice, Naples, Triest and
Hamburg, as they have heretofore done
such peace would only be snare laid for
our commerce: it would only be useful to
Eng and, who would find vent for her mer-
chandize, Which would change the continen-
tai system The pledge Of peace is in the ex-
istence OF cur navy, and our maritime pow.
err.
We shall be able to make peace with
safety, when we shall have an hundred and
city ships OF the line, and notwithstanding the
distractions of war, suchis the Situation ofthe
Empire, that we shall shortly have this num-
Der OF ships. Thus the guarantee of our
heet, and that Of an English administration
founded on principles different from those Of
the present cabinet, can alone give peace to
the universe.--It would be useful to us with.
out doubt, and it is desirable in every point
OF view, we will say further, the continent,
the whole world, call forit but we have
consolation which is, that it is much more
desirable tor our enemies than for ourselves
and whatever efforts the English ministry
may make to stun the nation by a crowd of
pamphlets, and by every thing that can keep
In agitation populace anxious for news, il
cannot conceal from tie world how much
peace becomes every day more indispensa-
DE to England.