Elizabeth-Town gazette., 1819-08-17

with aiding and abetting piracy, by issu
ing commissions in the Bahamas to the
subjects of powers in amity with Spain
but suppose this will be chase after a
wild goose"
Aug. IL.
JACOB BARKER has just published an
address to the public, in pamphlet Of
more than so pages. The following ex-
tracts are interesting.
And here let me unequiyocally de-
clare, have, since the suspension, kept
my eye steady and singly TO the resusci-
tation of the credit of the paper of the
two banks. And the object nearest my
heart is the redemption, at par, OF all their
notes this | shall never lose sight of, and
shall pursue it uutil accomplished, g with
a step as steady as time, aud with an ap-
petite as keen as DEATH"
@The notes Of the Washington and War
rem Bank, payable at New York, will,
from this date, be punctually redeemed at
this bank; and the others will continue to
be redeemed at the bank at Sandy Hill.
And although | cannot restore the credit
Of the notes Of the Exchange Bank with
the same rapidity with which those Of the
Washington e. Warren have been brought
up from discount of so per cent; yet it
has been improved more quickly than
speculators wished. I know them to be
equally good, and / confidently calculate
that no man will approach the polls at the
next spring election with bill in his
pocket, which he cannot then convert in-
TO money, at par, If he chooses so to do.
AT that time | wish to be considered a
candidate for seat in the senate of this
state, an honor now solicited, which was
spontaneously conferred on me by the
freeholders Of the district when / was
rich. The success and fidelity, witt. which
| endeavored to promote their every wish.
will, trust, be sufficient inducement
for all honourable men, who were then
satisfied with my conduct, to prefer an
old, tried, and faithful servant to stran-
ger--unless, indeed, they should suppose
that poor man is less honest or less ca
.pable Of serving them with fidelity than a
rich one, which opinion is not TO be ex-
pected from the enlightened freeholders Of
the southern district.
!" The public will doubtless recolect,
that | have not, in my previous publica-
tions, fixed any period for the redemption
of the notes of the Exchange Bank, and,
| am very sorry to add, that it is not in
my power TO say precisely when they will
be redeemed; |, however, think it will
be in less than half the time that the other
banks in this city took, when they, under
less adverse circumstances, suspended their
payments. And, while | am mortified at
my inability to keep up my notes at par,
it is gratifying to know that they will now
command the specie from the brokers at a
less premium than theirs did at that time
81 have placed in the hands of the
President, Directors and Company of the
Bank Of Washington and Warren, suf
ficiency Of funds to pay every Exchange
Bank note that is in circulation, which
they will apply exclusively to that OBJ
ject, and as speedily as it can be done
without embarrassing their own concerns.
The period, therefore, depends, in great
measure, on the circulation given to the
notes Of the Washington & Warren Bank
which bank consider, from the know
lenge | have of its concerns, as good as
any other, if not the best, in America.
Specie will be sent to Georgia, and to
other distant places, to redeem the notes
OF the Exchange Bank at par, as soon as
the sickiy season passes away, which,
hope, will convince those who do not re-
side in the city, that the confidence with
which they have received and circulated
them, has not been misplaced, and that
l shall not give preference to the hold.
ers thereof who reside Immediately around
me.
Being liable to such numberIess suits
that no estate 10 America would be suffi
ciently large TO pay the expense Of defend,
ing through the various courts to which
they may be carried, as the costs of de.
lending one on a single one dollar note
independent OF counsel fees, will amount
to 500, il is, therefore, absolutely neces
sary that take some measure to protec
my estate from the ravages of the law
and TO preserve il for the benefit Of nv
creditors. To accomplish this end,
have it i'd contemplation, if it should be
found necessary, to apply for the benefit
OF the law exempting the person of th,
debtor from Imprisonment. This, however
mortifying, shall do with the same cheer
inlness with which have been accustom
ed to march to the performance Of ever,
other duty. 1t will saddle the costs OF
al! those who persevere with their suits
unless my estate shall prove sufficient af
Ter paying all my other debts, of which
there must be doubt, when it is considered