Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1812-11-05
p. >. Although cur cruize was short,
consider ourselves as very fortunate.
from IRE lll-rqad,fq Herakd.


vii! meet at the Capl:u! in Washington ac-
cording to adjournment at their last session.
The nationis much agitated as to the Course,
they intend 20 pursue, and great fears are
entertained by the merchapt that the Licen
SEQ Trade to Spain and Portugal will be
prohibited. This is a question which Will
be discussed with considerable warmth
The Atlantic members will generally be in
favor Gifts continuance, as their popularity
is more Immediately involved than those
from the interior. The arguments to be
made use of in its favor, will derive most
weight from the eracdiencv of the mea-
sure; that it will give spring to industry,
create business, and put the money in circu
lation, and by this means enable the PEG
pie TO pay their taxes with greater facility.
Thus the shipper will have sufficient trade
to keep him quiet +; the farmer will receive
a high price for his produce, and these
viii make the situation of the mechanic as
easy and independent as at any former pc
Rod; that although it may require large
sums of money for the support of the army
it will still remain in the country, and of
course no diminution oepublic wealth on,
the rontraryit will BE- increased, in effect
and to all fracticabie pur oses by the issu-
ing Of Mr.. Gallatin's S5,OO0,OO0 of ex-
chequer bills and the establishing of the
American Bank in New-Yor.1 with it's ca
pital of $4,000 o0O At these arguments
the c'lergy and consistency of the South and
West will revolt they will cali it a time
serving expedient that supplying TIE enc
my will prolong the war; that it will nave
partial bearing on the virtuous part Of the
community, while those more lost to prin-
ciplc will reap all the advantage; that the
money will be employed in trade and pre-
vent the facility of loans, and compel the
government TO borrow at s or 10 per cent
intereSt !; temporary relief in the case of
, taxes, to pay the interest, while the debt
will become enormous and and irredeemable
and the country at last saddled with a fund
ing system. The opinions of the executive
will have great weight in the decision of this
question, as he is looked up to by the
representative body to carry them through
their present difficulties, who in Complying
with the recommendations of the President
free themselves from large portion ofres-
possibility. We do not pretend TO say that
! the Executive will make any recommcn
dations on this subject, nor do we believe
that he will our opinion is that he wi! keep
aloof from any public expression of his IDEAS
upon this subject, and for this reason the at
tempt to annihilate the trade will prove a
bortive, as it will be 70ithcut the countenance
ct the chief magistrate, whose particular eX
element would be necessary to Carry such
measure. Our opinion, then is, that the trade
.pil remain otte'i, fora while at least, for such
a,measure would inevitably have to be back
ed with Spanish war, and we seem already
sufficiently entangled, with the British, In
dams, and Algerines. The important ques
ton will be renewed this winter, embarrassing
our naUai free. However strongly it may
be opposed all objections will be over ruled
and the only question will be of what sort &
on what scale ? The addition will not be
considerable, but the briIliancy ofHull's vic
tory may be the means of laying the future
foundation of American maritime suprema-
CIV. Should hostilities continue, the popular
voice will compel the Administration To
change the head of the liar Dehartneut,
under whose auspices we have been attend
ed with a continual succession Of disasters
and il such a change should take place we
have reason to believe that the vacancy will
be illedby the appointment ofGeR. Wilkin
son or Gen. Armstrong-We have no doubt
but It will be te1idrred to the one or the o.
Their. Our affairs with france must receive
the early attention of the national legislature
| they will not brook delay, and the honor o
the nation certainly calls for mamfesfaH
ON of the course they intend to pursue will
regard to that power.