Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-04-27

Peet At tie Stcte of EngIunI.

Cobbett's Register. Of Feb 8, has n 18Th
Letter to the Chancellor Of the Excheouer.
in which the writer shews that the dis
tresses of agriculture aft ct rali trades
AMI professions and this must be the
case as long a. corn continues cheap, or
until something be done eficctually to alter
the ri tive situation If be dcbtcr and the
creditor" II" gives credit TO those who
DIES rye It, for making a U08t dimiautiofz
in tie quantity ofhaher money!" by which
the depreciation Of bank notes is partially
checked. But in so doing, we have got
foul, as ilors call II. of the rock of low
prices and consequent falling of Of taxes,
while the debts and expenses OF the go
vernnent continue the same, and while, in
>s~'$' Is '-'--.--sed exter-t.al eaIyTs.erce
that commerce is greatly diminished
10 get US safely OF this rock, is now.
sir, the task, which you have to perform
and, il you do perform 1t, leaving us safe
and we'll, at the end of two Years, datiog
from the first of this month, will saw, that
You are the most able financier End states
man that ever breathed the breath of life.
But. give ne leave to stipulate littte.-If
the bank do not pay in specie before the
end OF two years, or, at east, if the gum a
get To be worth more than Ops. IN ,arer
money. Then | shall not alley that vou
got US safely off this rock. seeing ftat. IN
this case, we shall still he in danger e
splitting on the other; then apain, il Won
make any deductions from The interest Of
the debt, or impose tax on the funds hea-
yier than on landlords rents, shall be- so
t'r rom allowing that you have BROUGHT
us safely OFF the rock. but shall insist nm
on It. You have wrecked us This sane
conclusion Will. OF Course, anplv to such =
Change IN the sinking fund as would. m ef-
tect, annhilate the capital Of the fuadhold-
ers.
well, then, SIR, 10 ] rot offer you We
ry fair , You VIII find nobody. or hardly
any body, to sly, that there is necessity
tor diminishing the interest on the debt
or, that there is AIRY necessity for issuing
paper money so as 20 T is. the value cf
the guinea compared with the paper mo-
ncY. Not ore person nut IF a hundred
thousand, perhaps thinks either of these
measures at all necessary. It IS tn, gene
raj, and almost universal opinion, that YOU
wl! be able t. carry us through without
either Of these measures. And vet. if vo,,
do Gerry us through if you do get us safe
iy OF the rock, and keep Us safely off till
the cad OF the two years, viii land Won
to the skies | will have your picture in e.
very room in my house I will call you
Nicholas Me 8'reGt ! and will never men
ton vo.-- -~fstEVtse lJ-Fs'i,-s, - L..
or making Low bow. ] viii not be So
profane as to say, that you have wrougM
mirGckes--5ut, / will always allow you to
be the Fl, st of created beings.
." But, then, on the other hand, If the
guinea should mount up again over the pa
per. after having spread about ruin 50 pro-
fusey by its recent fall; or, if the interest
of the debt should experience diminution,
/ shall claim the right Of imputiug to you
full share Of the work &C producing the
wreck for, be it remembered, that You
became, at very early period. partzan
Of ;he system of Pit; that you defended &
euogized that system that you did your
best, at any rate, to assist IN causing that
continuation Of the war, which finally pro-
duce1 a thousand millions Of debt and
that, having supported this system with
your vote and your pen for about twenty
years, YOU have at last, ss q reward for
your zeal and your servic 6, become the
successor Of the greet statesman" with
whom it originated, and who has left it be-
hind as a legacy TO that country, who 50
gratefully paid his own private debts, and
who erected monument in honor Of his
memory"
Another essayist on remedies" asserts.
that it is only retrcnchmeut Of public ex-
penditures and an equal apporiionmtnt Of
taxes, which can save England from Hnan-
cial explosion. This is the only staff,