Sentinel of the valley. [volume] (Woodstock, Va) 1841-1848, 1843-06-15

I w lllidlii lS1 VI Va intf3 DlOtaSI 10 Tie
president, recently appointed one of the Chos
! taW Commissioners.
-:sglNggNgyS.:-
European correspondence.
70 the Editors Of the Enquirer.
BREMEN, April so, 1843.
Dear Sirs: By the first vessel sailing
from the Weser for Richmond, bottle
.of the celebrated ssRose'' wine will be
transmitted to you. This rare article
can only be obtained at the Cellar in half
bottles. and then in Small Quantities.
Until recently, it was only permitted to
be used as Medicine ia cases OF ex-
IRENE illness. Its favor is. exquisitely
delicious, though its taste is not pecali-
arly rich. A thimbie full is as much as
is usually drank at time. You may re-
| " uponits having attained to the age of
E228 years.* 1t vas made about the
time Pocahontas was born. Ipresent it
to you For the use dld benefit of the IN
faloidual States composing the American
Union; and flattsf myself, that it will
teach them most valuable lesson with
reSdtu 70 puO!lC economy.
This bottle of tvine cost originally 90
cents. BY allowing two per centum for
leakage, shrinkase, &C., and six per CEN
tum interest on the purchase money, adj
ded to the principal annually, afterwards
bearing like interest. and you make the
present cost ses5n millions eight hsndred
md eighty fols3 thousand seren hundred
and nineteen dollars e,ad tsccaig eight
cents! - !i
I "A Isrser than the. entire public
debt of yira. Fur nv ossss ,,ss.:.ti #; :
ication. Gfae1iasosed an accurate arithme-
I ticiaf to make a calculation for me, and
! the above is the astonishing result. A
single bottle Of wine worth, at prime
cost, with compound legal American in.
terest, the enormous amount of 81, 1884,
Il 19 % cents! 1t seems incredible, vet
nevertheless it is true. Here is dem
onstsation more forcible than it could be
pat in any other shape, of the practical
i fruits OF that canker-worm, INTEREST,
which has eaten out the life and SUBJ
stance of nyriads Of human beings. 1t
lis slow in its progress. insidious in its
means, but destructive in its termination.
q The peice of timber which lies at the
wolkman's foot is harmless within itself,
bus when converted into the axes helye.
: it becomes the instrument with which
the mighty forest is felled to the earth.
Now, what can the States promise
. themselves that are funding their inter.
est, and thus creating COMPOUND INTER-
EST, but irretrievable ruin? If there is
an unwillingness On the part of theil
constituents to submit to taxation to pay
. interest on the principal Of their public
, d bit, it is not leasonable to suppose thai
they will assent to additional taxation tt
|, pay interest upon interest! Such legis
+ laton as procractinates the payment o
interest upon bonds, as it natures. car
ries with it whitening, blighting curse
. to every husbandman's door. 1t takes
the future bread from his children ii
ensIaves his posterty. On them this
funded pecuniary obligation must fall
even though they become s.hewers o
wood and drawers of water" Virginia
has acted wisely: she has acted welL. -
!, The risisg generation of her sons shoult
), bless her more than ever, because she j.
! too h;gh-minded to burthen them will
her present debts. Wherever ciyiliza
! ton extends. the virtuous old mother 0
: Presidents will stand more exalted il
public estimation hereafter, than at an,
previous period Of her history. Ans
may we not trust, that as she has gone
SO will 60 every other indebted State o
:, the Confederacy?
You will have seen, before this reach
!. es its destination, the reply Of Grea
;, Britain through Lord Aberdeen, to !
! Committee Of the Bond holders OF tn,
American States in London, in whicl
:, the opinion is distinctly expressed, tina
the U. States can in no way, as ma
: ton, be made responsible for the liabili
ties Of a sovereign Slate; that they hav
2 no control over its local legislation; an,
y that consequently the British Govern
e ment can make no demand upon them
E or open any negotiation. for debts du
.Of course, our intelligent Correspondent
: means that some of the original wine is left i
r the cask, which is regularly filed up from tn
e vintage of successive years Editors.
I IA fancifuI calculation enough-but still til
: effects of accumulated interest on public debt
are sufficiently startlingi--U