Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1814-10-27
an i,,a,,iei,u. shade. In the form

an irauspieisus SHADE. ~ tue 'e',n-
sr .,.e. tae arslilAry mchas af rai'-
in. nIa,ro ,riatiss tae revenae,
will Al vay. bs su Il .ient but in the
l.t,er cas-, 40 exeriion eau he com.
pe,ent 10 attain the object. whic'i
does MT ani't in ever. mind. every
fsarof fnrire loss or disappointment
in consequence of trusting to the
pledges OF the pablie faith.
The condition o. the circulating
medium OF the country presents a
mother copisus source OF mischief x
embarrassment. The recent Pxpor-
ta,ioas of specie have considerably
diminished the fund Of gold and sill
YER cpin: and another considerable
portion of that fund has been drawn
ay the ti,uid and the wary. from the
use srthe eoin nanity. into the Pri-
y,te Golfers Of Individuals. On the
o,aer hand. the multiplication OF
hanks in the several states has 50 IN
creased the quantity Of papar eur
re4ey, that il wanld be difficult TO
cal-ulate It's amoaat and still more
di Ssuit 20 aseeriaia its value, WITH
reference "a the ca9itsl On which 1t
has been issued. But the henetit OF
sssn this paper currency ism great
n.asare lost. as the suspension OF
b.ym.nts ia spPcie at most OF the
backs has suddenly broken the cham
OF apeo mmodation, that previously
e,,es,Ird The credit and the eircaia.
E,n Of the notes which were emitted
H. oae state into every state IN The u.
nioa. Ii may in general he a'irmea
therefore. that thsre exists at tins
tiae no sdrqlate circulating medinm
43,amoa Ia the citizens OF the oafeu
States. Tue monied transactions Oh
private lie ara at stand; and tue
fiscal operations Of government labor
with extreme Inconvenience. is Is
iInpossible that such state otthings
stouli ~ long eadured; but. let II
be fairly added. that with Legislative
p;d il IS not necessary, that the eu-
earance should he long. Under ia.
yorsbie circumstances, anil to a n
m;ted extent, an emission or treasury
notes would, probably. afford relief
but treasury notes are an expensive
aal preearious substitute. either Tor
coin or fsr hank notes. charged as
they are with a growing interest.
nr,duclive Of no eouutervailing pro-
fit. or esasiuMent. and exposed to e.
very breath Of popular prejndice OF
alarm. 81
The establishment Of national
institution, operating upon ereail
camhised with capital, aud regulated
hy pruSenee and good faith. is after
all. the aalv efficient remedy fer The
tiisurdered condition Of our cir"nlat'
inr MEDINA. While accomplishing
that object. too, there will be found
unlcr the auspices Of such an institu'
ten, a safe depository for The pab'
i;r treasure. aHia constant auxiliary
% the psalic credit. But whether
the issues o. paper currency pro
eeea from the national treasury, OF
from a national bank, the acceptance
% the paper in course OF payments
aud receipts must be forever optional
With The citizens. The extremity o.
l.,at day cannot be anticipated, " heT
aay koaest aud enlightened states
nan will again venture upon the dies
p1rate exprtient ola tender law.
From this painful. but necessar!
drvelp oencnt of existing evils. We
pass, with hope and confidence. to ;
mere specific consideration OF th'
measures from which relief may b.
certainly and speedily derived. Re
c;eiabering always, tina; The oWeei
cf the government are to place tn
rsblie credit upon solid and dur.
bic foundation /; TO provide revenue
commensurate with the demands o
a war expenditure. aud TO remove
from the treasury an immediat,
pressure. the following propositions
are submitted TO the committee, will
every sentiment Of Difference and res
peet.
PROPOSITIONS.
/. Its proposed. that. during thu
war. aud uutil the claims cOniem
plated by the proposition are com
pIetely satisfied. or extinct, there