Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1811-09-04

Just in operation! If continued for 10
wears, it would alone be sufficient to des-
troy the resources OF England.
Her revenue is not founded on the pro-
duce of her soil, but on that Of the COM
merce of the world.--Eyen now her fac
tories are half closed. In vain do tie En-
slish hope from procrastination, and the
events excited by their intrigues that out
lets will be opened to their commerce.
As to France, the continental system has
not altered in the least her position; we
had been for ten years without maritime
commerce, and we shall continue without
it. The prohibition Of English goods on,
the continent has opened a market to our
manufactures should even that fail them
the consumption of the empire presents
reasonable support. 1t belongs to our
manufactures toregulate themselves up
On the wants of sixty millions of consum-
ers.
The property Of the imperial treasury
is ,s3f founded Oh the commerce OF the
universe. More than nine hundred mil
lions chat are necessary to meet the eX-
,,enses Of the empire, are the result of
natural direct Or indirect impost. Eng
lard requires two thousand millions to
iefiay her expenses, and her own revenue
would not be able to furnish more than
one third. We shall believe that England
can maintain as long as this struggle,
when she shall have su6sisted many years
without loans. without consolidating the
exchecuer bills, and when her payments
shall be made in specie, or at least in pa
per exchangeable at pleasure.
Any reasonable man must be persuaded
that France may remain ten years in her
present state without experiencing other
embarrassments than those she has expe-
rienced for these ten years, without aug
meating her debt and meeting all her ex
penses. England is obliged every year
during the war to borrow eight hundred
millions. which in ten years would make
eight thousand millions. How is it pos
sible to conceive that she can succeed in
supporting an increase OF contributions OF
gour hundred millions to meet the interest
of her loans, when size eau only now pro-
vide for her expenses by borrowing eight
hundred millions yearly? The actual sys-
tern of English finances can only be found
| ed on a peace establishment. Indeed all
systems of finances grounded on loans,
are pacific in their nature, since borrow
| ing is calling the resources OF futurity to
the relief OF present wants. Notwith-
standing. however, the actual administra-
| ton of England has proclaimed the prin-
| ciD!e Of perpetual war; this is as il the
| chancellor Of the exchequerhad announc-
ed that he would propose in few years
a bill Of national bankruptcy. 1t is in
deed fundamentally demonstrated, that
to wish to provide for the expenses with
eight hundred millions of annual loans is
| declaring that in few years no other al
tentative will be left but that of bank
ruptcy. This observation is every day
made by Discerning men; at each cam
| pai~n it will beeeme yet more striking to
all the capitalists.
| We are in the fourth year of the Span
ish war; and though it should last yet a
few more campaigns. Spain shall be sub
dne,I. and the English driven from it
What are few years, to consolidate the
great empire. aud secure the tranquility
Of our children? 1t is not that the go
:; yernment is not DESTROYS of peace, but it
cannot be made. 50 long as the affairs OF
England are directed by men who have
declared their determination Of carrying
on a perpetual war: and what would such
a peace be to France without a guaran-
tee? Tn two years the English fleets
would seize our vessels and ruin our cities
| of Bordeaux, Nantz, Marseilles, Amster-
dam. Genoa. Leg!orn. Venice. Naples
Triest and Hamburg, as they have here
tofore done such a peace would only be
ia snare laid for our commerce: it would
only be useful to England. who would ina
| a vent for her merchandise. which wonid
: change the continental system. The pledge
of peace is in the existence OF our navy
and our maritime power.
We shall be able to make peace with