Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1812-12-10

| the prof, of tlese i,nportatioas, the advantag,
| IN tie purchase of b lis this IL not iaclu'lei /;
because & N av.rage the merchant pays
no more than par for the bills he RENTS i,e is
| satisfied, AMI the rXocrierce OF merchants
proves that no mlterial adv ,ntage results to
,he'n in course of Years. There arr Cases in
which persons went to Englsnd, provided viii,
! extensive fluids and have sp. cl'atcd on the
! low pric-s of The last spring, but the great
bulk "f the goods imported were shipped in
! consequ nee of orlcrs long before givcn.-
These impora;ioas her, effected the return to
this country uf so much American capital.
These inportations have moi exceeded the
orders given--ihey have b zen less.
Five ships were carrie into Norfolk, three
of which belonged 10 Baltimore, and one mer-
chant gave bonds for nearly the whole 9th, ir
cargoes, which averaged 100000 pounds stcr-
ling each. One vessel helnnGngto ':dtimore,
the Eliza Am, WAS carries into Boston, the
value Of the cargo exceeded 100000 pounds
sterling. aud one man rave bonds for the whole
! cargo ,l1ese bonds were sometimes given, in
TIE exp citation ola Commission, without ANY
authority from the owners o. the property.
NEW YORK.
| The committee from " York in suisse
| cucnt communication stated further, that the
! late irpoortations into that CITY included pUr.
! chases which were nude after thu revocation
1 Of tn orders in council as we'll a. thase which
| ere made befure tn 81 February, 1911, and
I at intervening periods, hut That the great mass
! had been purchased and was on hand, remain
M on american account, from the latter end
OF The year 1910 They did no; think, the,
said, on being intsrroga,ed to that point, that
this was ) large calculation notwithstanding
the frt,xstion intr oiuccd BY the law ,f March
1911, becau the M" schants had asked info
nation of the secretary ofthe treasury before
the pass gre OF that lSw 20 the construction
of The act ri the lst May, $40, and the presi
dent proclamation 9F p Novenb r, 1910 <
! were informed b. that Officer that Oh goods
/ which should nat arrive IN the United States
prior to the ID February, i !, would be liza
blcto Forfeiture that they therefore, counter.
msnd d their orders and did rot enjoy the al
vsn'asc .hlch was grant !. by the act of
| March. 1911.
| Order which ere to b. executed in the f,d
az uslally given BY the Is i,uuary pre- ling.
but Ire merchant frequent uses has orders
IN the spring
Some of tue goods lately imported have
been purchased At low rate, but q at part
of them have not, as many Of them ave been
| long laid III thu late purchases nave ben
mace al lower thar FORMER prices
| The importers of British msnufactur, in
/, New York are scpa?iue c,sss ~ nen from the
| Shippers of American produce hey bad no
| interest in the shipments 10 II peninsula ;
| there is scarce an xc"piico within - knowl-
edge OF the committee, except Mr.. Cost r, "tsr
/ of lt,nselv ives whose trsd- va not % tar psn-
| ius.lia bI to the north ~ Rur pes not one
| lGa!fof the American property IN England hiss
| been brought home there were but twenty
! days in which 20 make shpmrns 2Sd June
| t'lc orders IN council were revoked; ON the
| 18th July news of the declaration of war reach
ed Liverpool, and is is believed no licenses
were granted Afterwards The late impprtati-
ons are not equal TO one half the usaai supply,
perhaps not one third.
There mas been IN 4lvantage obtained by the
| shippers to the peninsula, by the depreciation
ofcxchanGe on England, when they took bills
they were obliged to take bills, the expectation
of specie was not generally permitted, and
where not specially permitted, the attempt
to export, ii discovered, was coupled with foF
feiture.
The course of trade practised by importers
OF British manufactures, as to payments, has
been changed 10. mcrly the shipments we're
made on credit, now the purchases are made
with cash; the merchant who wants goods and
has not money obtains his credit here instead
! of obtaining it in England as formerly this
country is and has been for some time the ere
| ditor OF England those who have imported OF
credit for some time past have been ruined
1t is believed that the greaterpart ofthe goods
the orders Tor which were executed IN the tai
| OF AoiOI was para LOT III the time OF pur
chase.
There are, it is believed, cases in which tn,
goods have been shipped to order and were de
| liverabie on contingencies TO the America
: merchant, but they ere probably few in number
} because it cannot be presumed that IN the hos
tale attitude which the countries have pre-
: sented, many men would be found who wer
! disposed to place their property in a situation
so precarious.
4 1t. e, a
, ton of the orders in council, may OF the A
{ mcTicsn merchants did apply to him to obta;
r his opinion, whether they could slip Britis
manufactures 90 the United States with safety
4 | ornSt that before the revocation of the OF
! ders, upon considering the whole crcumstar
]. ees Of the case, examining the words of I'll
law. and pcrceiYHg that its operation Deepen
= dcd solely on the revocation Of the orders i
70 council considering the evident bearing ofth
e examinations III parliament and the ground o
VIA ch the opposition conteudcd for the revt
. cation Of the orders, which was not SO nuc
: an act &c justice to the United States, III
: a advantage that was promised o their own mant
: facturegs, h. thought it his duty to cOuntcnsnc
: the idea that shipments made after the reyoci
! ton Of the orders would be admitted into Oh
: United States; that this ground was taken D
: the advocates ioi revocation OF the order
2 who declared that they would advise the
HltiNls W SlipS - btCF btti@fNh olilii''lN'h9I
: tke event OF a revocation, might be made wit
=, safety, and that he thought COOL policy r.
y quired BIN to couutenancc the idea, in ord,
" 10 co operate as far as possible with the adv
" Gates Of the revocation OF the orders.
That after ,hc rev0cat on Of the orders,
continued 70 declare, and did declare TO Il
ie merchants who applied 1, him, his opinI,
IN that they might make shipments with safet
Sc This opinion applied only 90 thc cases whe
leF,. fa k.f .tfft
OF knowlcdge Of the war had reacted Engial
Sc he drclaFed istmciv 10 the mcrchants. th