Elizabeth-Town gazette. [volume] (Elizabeth-Town, N.J.) 1818-1821, 1819-12-14

after the exchange of the notifications Of
he treaty oi peace, should be referred 10
the decision OF some frit ndly sovereign
or state, TO be named for that purpose.
rhe minister OF the United States has
been instructed to name to the british
government foreign sovereign, the conI-
mon friend 10 both parties, for the decision
OF this question. The answer oil that
government TO the proposal, when receiv-
ed, will indicate the further measures TO
be pursued on the part of the United
States.
Although the pecuniary embarrassments
which affected various parts OF the Union
during the latter part OF the preceding
year, have, during the present, been con-
siderabiy augmented, and still continue to
exist, the receipts into the Treasury, TO
The 30th OF September last, have amount
|! ed 10 $4,000, oon.-Alter delraying the
current expenses of the government, in
Guiding the interest aud reimbursement OF
the public debt, pay able to that period,
amounting to s. 100000, there remained
in the Treasury Oh that day more than
$500, 900, which, with the sums receiv-
able during the remainder Of the year, will
exceed the current demands upon the
Treasury for the same period.
The causes which have tended to di
ninish the public receipts, could not iail
TO have corresponding effect upon the
revenue which has accrued upon imposts
and tonnage, during the three first quar-
tiers of the present year. Ii is, however,
ascerianed that the duties which have
been secured during that period, exceed
S. 100000, and those of the whole year
will probably amount to S23 900 900.
For the probable receipts OF the next
year, l refer you TO the statements which
will be transmitted from the Treasury,
which will enable You to judge whether
further provisions be necessary.
The great reduction 10 the price Of the
principal articles of domestic growth,
which has occurred during the present
year, and the consequent fall in the price
oil abonr, apparently SO favourable to the
success of domestic manufactures, have
not shielded them against orher causes
adverse TO their prosperity. The pecu
iary embarrassments which have so deep
!, affected the commercial interests of the
nation, have been no less adverse to our
manufacturing establishments, in several
sections of the Union.
The great reduction of the currency
suh;~ h Az, hanks havo haan canrtra,pad ~.
make, 10 order TO continue specie pay
ments, aud the vitiated character Of il
where such reductions have not been at
tempted, instead of placing within the
reach OF these establishments the pecuni-
sry aid necessary to avail themselves Of
the advantages resulting frem the rednc-
ton of the prices Of the raw materials and
of labour, have compelled the banks 10
withdraw from them portion Of the CAPT
tai heretofore advanced to them. That
aid which has been refused by the banks,
has not been obtained from other sources,
owing to the loss of individual confidence,
from the failures which have recently &C.
Cured in some Of our principal CONNER
cial cities.
An additional cause Of the depression
Of these establishments, may probably be
found in the pecuniary embarrassmants
which have recently affected those coun-
tries, with which our commerce has been
principally prosecuted
Their manufactures, for the want Of a
ready or profitable market at home, have
been shippedby the manufacturers to the
United States, and, in many instances,
sold at price below their current value
at the place Of manufacture. Although
this practice may, from its nature, be con-
sidered temporary OF contingent, il is not
on that account less injurious in its effects.
Uniformity in the demand and price Of an
article, is highly desirable to the domestic
manufacturer.
1t is deemed of great importance to
give encouragement TO our domestic man
ufacturers. In what manner the evils adj
verted to may he remedied, and how far
il may be practicable, in other respects. to
afford them further encouragement, paving
due regard to all the other great Interests
of the nation, is submitted to the wisdom
of congress.
The survey Of the coast for the estab-
lishment of Notifications, is nearly com
pleted, and considerable progress has
been made in the collection OF materials
for the construction of Notifications in the
GnIf Of Mexico and 10 the Chesapeake
Bay. The works 90 the eastern bank Of
the Potomac, below Alexandria, and on
the Peapach, 10 the Delaware, are much
advanced; and il is expected that the for
tifications at the Narrows, in the harbour
of New York, will be completed the pre-
sen, year. To derive all the advantages
concentrated from these Notifications. ii