Winchester gazette. [volume] (Winchester, Va.) 18??-1826, 1822-12-14

sure hSu yearly. Inc James River
Company, at that time, gave only Eve
aud half per cent. These loans were
made for one year emily, but it was at
the same Time declared expedient, by
resolution OF the board, that thew
should be continued FOR FIVE yeara, If
the interest were punctually paid OH
failure. of which, OF any time, the loan
IN every instance, Immediately ceases.
Ehe reasons, on my part, for advosa-
ting this measure, eau be given ofiei.
ally, only at this time. The annual
charges on the income Of the fluid de-
manded an immediate Investment,
some where. In the administration OF
public funds the main considerations
are, good rate of interest, anG ps1-
feet security for the principal. These
two objects combined have been far
better, attained, in the way actually
followed, than they could have been by
sus other, known, at that time, or
sinoe. Bot there are secondary Oh
leetS when ought never TO be dietegas
ded on such occasions; these are So
keep the monisd capital, PARTICULARS
when i; is notOriousiy seenty, and in
sufficient, as much as possible at hon =:
where, if judiciouslY employed, il cao-
not fail to increase the general amour,
in possession of all the citizens, be
aides yielding the inlerest reguired:--
70 dispense tie portion wanting en-
ployment, so as to give. aid TO the
most permanently usefuI, & mOSt sure
iy profitable species of industry, If
needing il al the time: Most Of these
considerations forbade the preference
of the funds of the u. S. all of them
that Of the stock Of their bank, and
some, with one ~ addition, of another
nature, extends the interdieion, 10 the
stock of our own hanks, they are
Dsver called upon for loans upon their
stock held by the state, and their is.
Sues Of an arbitrary character, 10 in
dividuale, ara the larger for it, Per-
heps also. when "A very large proper
ton is held by the siate, the prUfit
from the remainder is diminished 20
individual hclders, as there is not thea
60 the same extent, an i5npeTiOus, ma
yOidable necessity 10 answer the call
foF good income every year, and il
is more apt TO be disregarded when
made by a few vOicea. AS the banfzs
ars always ready 10 accommodate tbs
flames ri er Company for the Icing pc
riOd prescribed by law, to make loans
to il from the literary fund, world
have tendency TO reduce the quantity
Ofmoney 20 be kept in circsiaiian,-
I'hFi had no seiGsi, view in his de-
eis..n ia wej kGowui for appl aois5 if
able to comply with ali tho cOndiliUas
required with the promptitude demHn-
ded Of thems were, preferred as they
offered. eoulj even wish, that the
evidence TO prove my not having RS
ceived any Accommodation whatever,
from these loans, IN any manner whAe.
ever, direct OF Indirect, was not cutie
go ever ample for that purpose, as it
really is in fact.
In favor of the volunteer corps or
the state, which it ha, been attempted
10 deery, mast be permitted, before !
enter again into the ranks Of society,
TO give The parting testimony Of an old
companion and devoted friend. AT
Lexington. at Bennington and Sarato-
ga, at Kings Mountain and Gnilfords
and more other GeIds Of glory than eau
be now reckoued up, in our war for
Independence at Baltimore and New
Orleans, in that for navigation: the
snccess OF our arms, was either whoIs
ly, or in great measure due 10 the gal-
iaalry of volunteers, who took the
field for the occasion. In South 4
meriea, a. Madrid, even 10 Greece, we
find them always an eghcieut, often an
irresistible force. Can the bands of
unfortunate wanderers who sell their
liberty upon long and irreyocabIe Goa,
tracts, and, in consequence, look upon
those they are hired to defend ss equal
y their foes, be wisely preferred, OF
can they be safely employed, iu mum.
eers sutRcieotiy great TO oppose for
rridable enemy Can home sick. IN
traibable fathers. and their awkward
anffsined Sons, Forced By iot into ths
ranks together, be relied on with eeT-
fGinty, or occasions whore instinct i,s
self must be su56ue5, aud anuihijated,
aud every avenue to the heart firmly
clOsed by passion, grave 81 COY, cai'n
or fGri"us, as temperament may com
tnandP Can either be reasonably pre-.
ferTed to volunteers, ardent and active
from youth, patient and brave from
honor, perseyeriDg g. dDyieldiDg from
emulation, faithful 30 al the interests
Of society from The ties Of affection p