Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-07-12
Tbe last Lean.

,acaase the whole Inised states
$, =, - = herro " money at ninetY-five
ais ap ss,dred, when any individual, OF
p I'M. : Men honesty and credit, can borrow
is'sses ofit. at PR. Butt IS a solemn
fa 8, $. I'd iaty to strip bare to public
ai.' .ancs fae miscreants, who, are a.
a., s1' nrosig.i e in sqaaudering the trea-
NAV ,i and IA sinSiag the credit of this
s''S, lnat;on. Tie whole resources
F ,ssa ,a4;.,a are as the disposal of GO
g s'so we I'll know; and we know
veil that the Whole are pledged to the
a,...osat Of the public debt. We know
t,atif az individual, possessing a
. o., Il the value Of one thousand dollars,
's legs 70 mortgage it for i've hundred,
~, s,s can i, sowith ali the ease in the world.
w. y government owns ali ire fitraEs in
80. ~ States. Fl has pledged all these
srss' 70 redeesa tie loans, and yet, wheu
( rays s,rti.f igtsress ON hundred dbl
Ia i can Get bat ninety Eve dollars, IN
80. stssd Of the tuIl hundred! Why is this ?
ceta;aly tie seceritg is safiicient.a ham
S,ed t3,oasand times ever. And vet the
S;re;ncs of this administration boast
sbeoyufely exit. because. with such re
soorces and security. they are obliged to
iose oplg Eve per cent. of the principal,
rben s6sy borrow money +: alfilo ugh an
;oliyidaal, giving rood security, is never
obI;oea to lose a cent TIE loss is not
eccs.ioaetl. evidently and palpably it is
not. by want Of secaritv. Yet loss is
sustaiacd--ayowedly sustained-nay, we
sre required to rejoice because we do not
l,se more than We do. But If the secu-
r;tybe thousand and ten thousand times
more than sufficient, Why a loss? in
Cea's name Why a loss : l viii tell you,
tsnog citizens, why a lean, which mort
gages:the Whole United States, cannot be
drained upon terms as favorable as any
one Of you, pledging you own individual
sreeAolds, might obtain it:Sit is, because
tae mea who have the Money, have not
confidence in our rulers. The hirelinr
editors q: these rulers, however, have the
insoIe1ce and the craelty 70 call upon you
t,reioice, because with all the public
wealth at their disposal, thew have not the
credit o. au ofdinary individual 10 ofdi-
nary circumstances. Tie amount Of the
Loan Of which part has been recently
taken, do not exactly recollect, bat it
isatleaSt FIFTEEN lufliopS. Government
gets only 50 for hundred: thatis, IN o.
tier words. it gets seven huadred aad
fifty thousand dollars LESS thsa 1t ,pa4s
interest fer. And this remember, is tie
very exploit of whica it boasts aud brass.
}tesnst get IS dollars when it pays IN
terest Cor hundred!
Why then, ask, WHY'S it, that hav<
ins medRsIS ABUNDANCE, its credit is
soPoora WHY'S It obliged tepay us1t-
rg2-to be SHAVED will tell you why
il SIT is because its chergcte., is BAD /;
it's Because it is III all SUSPECTED, and by
tsaFy to be Tosuish. The tnie-
res is in proportion to the risk. If no.
nest People were in power, the public
might get. when taey paid the interest IN
hundred dollars, a hundred dollars in
return.
lotAase gentry we paw their salaries
--and they riot in luxury and abundance,
'Fwcrc weiiif this were all. But in the
single article of the depression of the
pubic credit. we shall have to ray for
hayiag them to mismaaage oar affairs, in
tbs rear alone. the comfortable addition
o. SEWN HUNDRED AND FIFTY .THou-
SAND DOLLARS.
Ni tins is perfectly clear, on the basis
dotiqrs.
Fat deception and rroGigacy are :nse-
parable companions. Even 6ates's state
meet. though il speak truth to the ear,
violates il 10 the sense.
Fran tie scolding of the Gastan folks,
mls pretty e1ileat taat tie "cousileYu-
%r PoHiea" of the loan taken, was not
,'6en 10 B,.Stca. :: And from not speak
lug o. New-York or PHILADELPHIA, it is
Is Clear il was nat taken il either of
.,''se Places. It IS pretty we'll under
N99d, n fact, ttat mpch the greatest
pare i DOT all, was taken at Baltimore
,s IS 70 be paid in treasury notes,
S s,a'a are inar per cent below par, or in
o"'S OF the baltimore banks, which arc
sven Of eight per cent. below par. DE
I'''a''9.s;'l. When say s.hstote per-"
mean helaw New-Yosk bills. Ard II.
ioFK bills are about ioar PEI. cent. below
s ss,, considering specie, or Boston bank
~l's, as the criterion. So that Raltimore
S%ak Dis are eleven per cent below par;
: c'aer words, are warth eleven per cent.