Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-03-27
POLITICAL.

iOLfILCsIL.
From Co6ben's Ueekly Register, Of De-
GENDER i6, 1915.
TO THE CHANCELLOR OF THE EXcHE-
oUER.
LETTER VI.
Enclosing Letter 10 tie People of .An,e-
RIGA, on tie hreSent state " their No
TIER Country.
IcoNcLUDED.1
To return now to the question &c f.
! nance, you must clearly perceive, think,
that 1t is impossible for the government to
collect the former amount Of taxes in this
new state fittings aud, that, in fact to
lessen the quantity OF the currency one
half, is TO dOu6le The anto,tnt offhe tar-
Inc government appears TO perceive, that
it cannot euf rec the collection Of tue direct
taxes up to tile old standard bu,, the di-
rect taxes make a comparatively small
part of the revenue. 1t is the Frcise
Customs, and STAMPS aud, in these no de
tuctirns by authority viii be wantcd-
The people viii themselves make the de-
duction. They must make tie deduction :;
FIR they viii! not have the money to lay
ont. IF the farmers, for instance, have left
off drinking wine at Market, will they not
leave it off at home, where they can do it
snugly without being perceived by any
one! Will not their wives and daughters
use less sugar and tea and coffee VIII
they NOT be more sparing of paint, per-
fumes, and Stops Will not less soap and
Candles and salt be used ? Less spirits !,
Aye, and less beer and ale too. Will not
fewer people pay for marriage licenses
Yes, and fewer people will marry. Will
not fcwer stamps be wanted, and of less
amount? The lawyers already hnd their
briefs fall off; for law is a luxury that
few men can aiiord to enjoy, even when
money is plenty. An empty pocket is the
great promoter of ferbearance, and the
finest check in the world to litigious dis
position. The advertisements ION which
there is heavy taxi have fallen off third
in number. The newspapers and the al
manacks have prodigiously decreased in
sale. Books are not printed to more than
-fourths of even the last years "a
mount. Paper of all sorts and, in short,
every taxed ar. iole, be it what it NAV,
has undergone a diminution III consumb-
ton.
/ need not say that this will be, or has
been the case for it is manifest, that it
must be the case. IF there be only half as
much money in circulation as there was
befo e, only half as much can be laid cut !;
and, IT there were twice as much, twice as
much would be laid out for, the 7phoLe of
a people can never hoard a farth,ng.-
What one saves, he lends to another to
spend, and thus the whole is always kept in
circulation. Now & then an old man, or
monkey, or n jackdaw, takes piece of mo-
ney and potes it into hole but these are
instances not worthy to be deemed an ex-
p ion.
Il viii be said, that, if the government
receive ONLY half as much tax, in nominal
amount, as it did before, it will, in reality,
receive the same sum that it dad before
seeing that the price of every thing has
fallen one half, So that, at last, the govern
ment Will be as ch ard as able as if no
diminuton had t. ken place. This would
be true If the government had no annui-
tantS 10 pay, aud no fixed salaries and al
l0wances to discharge. But, as t happens,
the contrary is the case. The expenditure
consists Of fixed laries and annutics-
These must be paid up 20 their full amount !;
or, a iayU must be fidSSed TO lower them. To
pay them up to their full amount for two
years, while the guinea is worth no more
than its present price, say is impossible !;
and, = ass law to lower the il terest OF
the annu.tlss is the grand conclusion of the
dran 4.
Which, then. do you choose, sirs of the
Funds, fresh and mCst copious issue of
,per, that viii bring zap the wheat to
is. bnshel, or, an abatement of your in
terest! am aware, that, by the means
of arrears, you may get through the pre-
sent season. Is sides, men have not, all
at once, exhausted their capital. They
keep up littIe while after their egiti-
mate means are gone. But, it is next sea-
son. that they must come TO the book
You have your choice, then, and would
advise you to apply for re-opeuing Of tie
food gates of p tper money. Your annui-
ties will fali in value as much, perhaps,
as they would by lowering of the rate Of
! interest; but, the thing will not seem to
be, what it really will be and, besides, if
an openly avowed lowering once take
place, recoiiect the powerful effect OF ire
ccdeH'.
The necessity Of lowering the rate Of the
| interest on the dc6t. is generally talked Of
in the country. ! have heard Of it for
months past. But, Il is not so easy a mat.
ter rs people seem to imagine for, tho
it might answer the purpose as to The hu6Hc
debt, it would leive hyiUate debts as they
| were before, which would create universal
confusion. No. if ths course be taken, il
must g. INTO all the engag emc,.ts between
| man and man.--Lea5F8, fvr ihstan &c. must
| be submitted TO revision, and must undergo
| 4 reduction - Ir-r;9 ,ss seffJ.,y.,,s. $50.