Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-03-27
100000

The sum 10 he collected in future to sup.
port the Sinking Fund 100000
Not Qnite so smooth, Messrs. Reviewers LIST
The ssvea millions you would hleh from the sink
ing Fund, are insufficient to meet ysur ordinary ex
pences For, YOU still romantic enough 10 hone
ior retrcnehment! The Prince Regent would no,
give np one parasite prostitute To save his peo-
pie You will want fifteen or twenty millions Al
iesFt.
In the 2d place, are you sure that your bern,a-
nent rereHIse will anD;int 10 forty-old millions
Mr. Cebbctt calculates it Only at so; as he ATTEMPTS
10 prove that the people will DC unable to pay
Ills views may be carried too FAR, but to certain
extent they are anquestonaby just. The products
OF a;ilculturc are reduced in their price. Wheat
has fallen from II and ISIS. to 5s. The PRINCIPAL
reason ct tins, he says, arises from the reduction o.
the quantity OF circulating medium ainet. The act
OF Parliament oi 1877, permitting the Rank o. Eng
iahd 10 suspend its specie payments till a certain Pc
ROO alter the peace is about 10 expire. The Bank
To prepare for this state of tnss il taxing in sail
curts!ng It's Discounts, a',d draw ing ~ IL. Gaper-
The Country banks (i01G in number y are takirg
the same precautions. Lees money is anoat; and
the price ofevery thing falls. The farmers. una
Die to &c, so mur for THEN wheat, are, in the same
proportion, unable to- as mnch Of the articles on
which the taxes IaIl--Ail classes Of society ex-
cept the Annuitants, are SUBJECT to the same re.
uench'ncnt COb5eu IN fact contends, either thai
ute SoNSI cannot Comply with
n'ens 10 ats creditors Gat there is but one way
Tor u'e'n to do It, viz to throw mere paper money
INTO the market and raise the pric. of the produce
of the earth
f"'bett my errinth the extent nf bis argument
inie a, it's not presGulahle t,at IN. price of the
circulating medium las varied ia the same propoti.
on rs that Of wheat When for example, did the
paper price OF so Dis vary much from tie 6ui,0u
pr7ee The rate OF exchange has shifted 10 or q.
per ceat hut when has it risen OF fallen as much
as one half
But whether the causes assigned he true or no,
The eHfct is still the IL is ,ct, that wheat
has Fallen, and that the people are less able TO pay
AZ mi''ons 81 taxes than they have been.
thus ;-eit.er TIE frrii-t,.CeS must he continued.
IN violation ol their pledges to the people or the
iund pledged to the public cretors must be curtai-
ell ar new debts incurred to pay the interest of
the old Ones Whichever way they turn, embar-
rassnent sNd despondency stare them in the face.
such are the fruits OF all their eli rts in the cause Of
fc37nmdts Princes. They have snwn the 7riiid
AMI must reap the 1chirl1riaR
How long this system OF paper credit viii CONT
nne, IS beyond the ken o. man to determine. So
many acute politicians have ben airesdy batlled in
then calculations, that he must be rash man in
deed. who will venture predict the period Of its
termination How long the e.stic powers of fSri-
tish enterp's c and finance still be stretched so
as to adapt themselves 10 every difficulty which NAV
occur, or whether the bubble viii finally bust. is
what 10 man living will venture to predict.
/ ne eXplnsioH uf the system would lead 70 much
national and individual distress BIT there is no
comparison between the injuries and benefits it would
produce. The national debts comparatively in the
hands OF afew perso the taxes which are levied
Tor ITS beHeht, are extended to the rnesnest howell
IN the Kingdom. They press like an incubus upon
the eFarts of the manufacturer, the farmer, and the
merchant. They are. like the locusts of Egypt,
covering the face OF the whole earth, and darken-
lrg every corner of the land.
france, too with less debt, is not free from i'm
positions. Her budget is computed at sOe,00O.oOO
francs; (about 10000, 900 dolars) more than
3oOO0O,000 of which are calculated to go to her
deliverers The Kings minister's have recommend
ed to raise much Of this contribution. by sale of
the national forests hut the ultra royalis.s in the
House of Peers, who &c outheroG Herod himself"
are opposed to it, upon the Ortholo ground that
the WOODS which are not disposed of, are not the
property OF the nation, hut of the church from
whom they were taken It's feared that these feual
maxims will nc too successful. and that the whole
burden of taxation will fall upon the people.
Happy Americans sItG 81 bona noriqt too hap
py iiyou were sufficiently acquainted with the
blessings You enjoy; without English debt, or
French acquisitions, to weigh you down.