Alexandria gazette & daily advertiser. [volume] (Alexandria [Va.]) 1817-1822, 1819-10-30
From the Wasaineton City Gazette,
THE CURRENCY.

As the perlod approaches for The reeS,.
of the state legislatures, lone or more of wbi,l
az be now in SESSION. and Of congress II.
condition OF the currency is a subject which
presses itself upon the attention of the ppb
lie with the greatest intensity.
1t may be expected that there will be n,
merus expedients proposed by way Of IN.
proving tue circulating medium Of the CDioD
But erped,sats, in matter OF this seriap,
and imrortsn, nature, should be csr.;ulr
guarded against.
The subject must be viewed in relation !,
the vhoie OF the United States, or any rem.
DIV offered will be local aid inefficient.
1t should be considered with fairness, b..
nesty, good temper, and sincere desire IA
adopt the best me ans of cure
ith respect to circulating medium. eve.
~ citizen has an interest common TO eyerv
other citizen.
Those who propose to bolster up totterins
or insolvent banks, or any banks that cannot
pay its notes in good money on demand, and
those who denouhce The whole banking sy,.
tenn in mas, are equally distant from lbs
true correcting medium.
1t Is futile, if not fraudulent, to attemp, 10
sustain asy bank. by entering into calcua.
tons of the degree Of solvency or insolvency
which appertains to it. The line of prompt
payment OF its notes, in good money, is The
only true measure Of its truslw othiness Il
is the same thing 10 the builder of bank note
Though not. perhaps, TO stockholder) whe
thera bank, which will not pay its note, is
near to, or far irou., insolvency. Payment
in true money. at sight, is the only salistac-
tory criterion.
A bank is not altogether like merchant.
Ii is, to be sure, dealer in money but for
that very reason it ought never to fail for
real money is lot perishable article, and the
directors of bark always know what the
state of their genuine means is. If they issue
more notes than they can pay. they are
wil'uIly culpsble. lnsolvent hanks should be
treated as bankrupt., but without the Ieny
shown TO merchants, who have thousand
risks of he sea and otherwise.
Those who enjoy the peoples confidence
at this moment as legislators, should be cau-
tious moi to abuse il, by sutaining wild pro.
jects.
hn md 10 10 Ok *
spirit against all banks, must be cautious.
FROM HEUDE's VOYAGE AND JOURNEY
FIRM INDIA.
On his journey to Bagdad. the au-
thor meets with the Arabian army re.
turning from the contest near the CAPT
tai. He thus describes it The ap-
pearance of the troops was equally mill
tary and interesting; they were the
flower of the tribes. Every thing a.
mongSt them bore the stamp of that
gallant daring enterprise which the ira
weller would naturally look for in the
predatory system of warfare they pur-
sue. Very few Wcmen, and scarcely
any children could be observed. their
families, in general. having been left at
Coot. The few old men who could be
seen, were venerable, bearded warriors,
who managed their able steeds with all
the address aud skill of youth. impro-
we'd by constant hahitnde: their ldcks
were bianchcd, but their strengths had
nos been impaired by the fatigues and
harh>hps of their profession. There
were several amongst those fOremo st for
their dignity. who aust have numbered
forty summers at the least, since they
first bore arms; they were, however,
equally lively. vigorous, and cheerful,
with the rest; whilst they were only to
he distinguished by the whiteness Of
their boards. and by those honorable
scars which added an imposing majesty
to the disnihei importance of their car
riagr.
{" Their horses were, by far, the f.
nest We had yet hnticed, in excellent
condition, aud full of spirit. Their
herds of Camels were so numerous, that
our eyes could scarcely reach the spot
unoccupied by these useful servitors of
man. They we're all exuIting in the
Heauty and temper Of Their words, and
he lightnrss Of their spears; Wanting
in their strength, and anxious for re-
newal of their strife" (Speaking Of
their qusiities)--" The goodness of
trese t'opps, is less in the perfection Of