The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1814-11-30

Bank Of England
notes, TO. l40,o00,ooo
~ 100000
Of doIlarsHot bearing interest, purchase Tx.
ehequcr BlIh. The holders Of Exchcquer
Bills subscribe to the Ioan--At each install
,nent paid insothe loan, certain number Of
Exchcquer Bill. are paid OF, Taxes sre lev
led to pay the interest Of the fusdcd dc5t.
Thus, the circle Is perpetuaI'y rcvolved--
Cattle, provisions, &c. are converted into Ex'
chcquer BiIIs--an abundance Of circulating
medium enables individuals 70 buy these Ex-
chcquer bilIs--thcsc are converted into fun
dcd debi--govcfnment is enabled 10 pay the
interest by taxes on consus, plon, on income
&c.
1.-THE government borrowed before II ssu- 4
cd Exchequcr Bills and created capital 10
lend, the loan would be made on disadvantage 4
Gus terms. The Exchequer Bills give inter
est 10 all bankers; and The state banks IN the
United States will benefit much by the issue
Of Treasury Bills. 4
Massachusetts com plains Of not being de-
Tended by the u. s. at the expense of the Y.
s. although she refused 10 the u. States the
aid Of ber militia for that purpose. As Mas
sachusetts formerly claimed the sole right Of
Judging Of the necessity for using militia force,
the q S. might answer her in this way--"W
think there IL 40 dangcr--dcfend yourselves,
a, your own time and in your own manner,
since you denied us the privilege Of Judging
OF Inc time add manner of doing it,' This
would be acting towards Massachusetts ss she
has aclcd towards the general government.
Aud, without question, persons enough would
Be found 10 condemn il In the latter who APP
psuded IL as mcri,orious and pralsc-worthy
conduct insthc FORMER. Pa. Ken.
w:~:0
From ihe Trenton True Ansrrfrrn.
Some folks appear 10 be In great terror OF
Lord HN II he were Lord Mountain we
should not fear him. We have seen Gen.
Ross sent ir.fne shisrifs TO Halifax, alter q
disgrdccful repulsc by our raw militia at
Baltimore and we have seen Sir George
Provost, commsnding g WcIlington's inv;nes-
tles," rctrca,ing before one fifth Of their
number at PIatsborgh Britons arc NOT
surely more than men, and Americans arc
certainly not iess. We dare meet them, and
and can ocat them. wherever they show them.
selves, and while we ewt down their men
here, we will cuf nh their trade elswherc.
The longcvsthey continue the war, the gra-
ter wilt be their loss, in lives, property and
character. And The most strenuous the ef-
forts they make 10 subdue us, tho more vi
gorous will be our resistance They may
protract This war, ~ they did tre war Of the
revolution, years but Il must Ultimately
xcrmin1c ~ their discontinue and disgrace,
They may withhold an acknowledgement Of
our rights now, AZ they did ouf indcpcn-
dcnce then bur they will finally be forced to
conccde oil we ask--for W. ask nothing but
what is rightlu and rcasonable, anc what
no person o. party at the helm OF &, vesnment
dare ever abandon Let them, then, scnd
all the fcsco they can music ef--the quicker
the bctter--as the harder il rams, the sooner
4, will be over. Amer ericahs will brcdst the
shocA with Il, mncss, and repcil II with vigor.
They will teach their enemies lesson which
they may remcmncr thirty years@A-as they
did the lessun WAsHIEoroN taue ht them in
the revolutionary was. Americans are surely
no, so degenerate that they csn be conquered
now 10 their manhood, by apower which in
their infancy they vanquished--that from
nation of freemcn they will become colony
OF slaves!
The fact stated by l.ondon paper, that'ins
! surancc on vessels trading between England
ard Ireland had risen from Jyfeen "a hinge
and nine .hence 10 five gusneas per cent. in
consequence Of the depre eda.lonso of American
privatecrs, shcws the vulnerable point Of our
enemy very clearly II the comparatively
few American priva.ec,s which have yet Wis.
itcd those w,sers have inflicted such deep in
Jury, and excited such serious alarm, what
might not be done were privateering 20 be
generally gone into, and proper number Of
public armed vessels Of small size fitted ous
lfthe risk in trading between England and
Ireland Is already so great that insurance has
risen from issend cd 10 suiuess, how much
miehtshe danger BE increased. and the insut-
ance ,sised We hope the experiment may
De made. Bfi,sip wishes 70 uionopelise the