Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1817-03-20
From the Philadelphia Register. March 9
Reflections on the return Of Specie.

From the Philadelphia Register. Aarehs
Reflections on the return Of Specie.
This event merits the general rejoic-
ing.-A large velime could not detail
The evils that. we have sude ed BY its
absence. The continual trouble of pas,
ing dirty. ragged bits OF paper: of ex-
changing the notes Of al hundred petty
banks, some ha' dly known; the -losse,
nv discounts and forseries the frequent
auarreIs from the doubtful value and re-
|fasal Of this paltry money, have been Sc
rinus causes OF vexat sn.
The excessive prices of necessaries,
particularly If provisions, has distressed
great part Of the people, and. in nan,
cases, p odncsd diseases aud mortality.
The public morals have been lamenta
bly, corrupted, Ma y have by want Of
emplo, ment, poverty and grief. contract
ed habits Of intoxication Many have
beer allured to gambling speculation
from honest. useful industry. Usurers,
severe creditors, faithless debtors, gree.
DIV sellers Of necessary articles, have
pleaded the bad money The mslti.
tute aud variety OF ba',k notes, has 70
cilltated counterfeit and seduced great
number IT. the crime Of forgery.
In order to prevent such calamities in
future. the following principles must be
adopted -
ist. As the wsr was the principal
cause, oil parties, however dissentins
on The propriety oft, should trnlv ~.
solve never to begin another wish"st
the cleareSt necessity.
Cd. Prudence, honesty, industry and
trugality. ace the only sources Of wealth.
Laxury, disiappation. expense beyond In
come Wild speculation. are certain "ay'
to poverty.
Sd. Silver and gold with copper for
small payments are the only solid kinds
st money. Al banks ought to have q
sufficient quantity far maintaining their
credit, though not squai to their circu'
LA ing notes. the amount Of which may
be much greater.
4. The bank must not, hewe, er. is.
sue notes TO the fuh amount Of their Gle.
dit. because several cause. NAV occasion
extraordinary demand Of specie aud
because abundance Of nuue, would Ell
Ihance the prices Of commodities, to the
iinjury VI many individuals, aud the pub
lie de,rinsnt.
5. All immaderate prices for good,
and labor must be reduced humanity
public >pirit. aud syen ,elfinterest. o."
eighty motives oil I'm, a gres, par
| of tie ssciet, have suffered Tar beyond
the common proportion for several year..
10 wit. people with little employ Iert ;
those Who could not 'aise tier goods, Oh
labor those that have a fixed income b.
capitals, ground rents, aunsItie &c
All these have clam to rsjrc>s:- \
reciprocal extVrtioB Il like civil war,
perniciou. to all rs,tie>. 'hur,tir fo'
gain, they suck The blood Of each oihe.
10 live and ie. live is the iaS Of eu'
cannon sl,uious Benetactor. A conn.
nuaiion OF high prices, and crnsequeI.
iusufiioiency 1t specie, would hing bae'
a drluse Of paper money. The tearnes.
Of provisions must. iu particular be d,
lmini.hed, as It AFFECTS numerous indivi.
duais, binders naaY branches Of nation
al industry, ruins se'erai Important ava
Inufaetures. snd srne principal source
| &c or commerce. Flour as tie lain al
ltiele Of expectation in The middle states
and csBuot, beyond moderate price
find a COED market. Agriculture las he
come f.rori,e object With the p'1rci-
pal European natirpS. and is in pretty
gsud seasons, abe tnts Vi peace very
productive. ur farmers will. il p,u.
dent consider this The ioa.e>lic dc
a.and alone caunot support high price
The merchants arr necessary customer.
| il they fs'i. the, si,o crush the farmer.
Holders Of notes are to treat The
banks With gentle equity. Nesdless
-un upon them weuid be hnrtful su,i
:" ghi. A. present, fore, them 70 step
specie PAYMENT. While the sote. ha,.
,uI value. such behaviour would be m
generous 10 them, ard ts the fublie.
SWEDISH CLERGYMAN.
/ n,,al.. W a.