Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-06-02
signed by the Chairman and Secretary, and published
in the Richmond Enquirer
PETER GUERRANT, Chm.
JouY r. SAMPSON. Sem
EGRbPEAN CohRESPONDENCE-TN No Kill
TO TIE EDITORS or TIE ENQUIRER.


EUROPEAN coaREsPONDENCE-TN XIII
TO TIE EDITORS or TWE ENaUiRER
BREMEs April 80, lS43
Dear s'rs: BY the first vessel sailing from The We.
ser for k'chmohd bottle of the celebrated "Rose"
wine viii be transmitted to YOU. This rare article can
only be Obtained at The Cellar half bottles and then
in small quantities. Until recently, it was only permit
led TO be used as Medicine in of extreme illness
lis favor is exqiseiy delicious though its taste is
peculiarly rch thimble full is as much is usually
drank at time. You may rely upon its having al.
tanned TO he age OF 225 years. Ii made about the
time Pocahonlas born present it to you for the
use and oeneht OF the indcdual States composing the
American Unon and nater myself, that it will
teach them most valuable lesson with regard 10 pub
lie economy.
This bottle OF VINE cost originally 90 cents. By al
lowing two per centum for leakage, skrinkage, &c.
and SIX Ilr cenlum interest The purchase money,
added 10 Tue principal annually, afterwards bearing
like interest, and yen make the present mil
lions eight hundred and eighty four thousand hun
drcd ana nineteen dollars and pcnty eieM cents ~!
larger sum Than The entire public debt Of Virginia.
For my own qualification, | employed accurate
nrlthmeticiah 10 make calculation for me, and the
above IS Inc astonishing result. single bottle Of
wine WORTH at prime cost with compound legal Anne.
rIcan interest," Inc enormous amount of 81 SS4 7l0 %
cents 1t seems incredible yet nevertheless it is true.
Here IS demonstration forcble than it could be
put in any other shape, of the practical fruits Of that
canker-worm, INTEREST, which has eaten out the life
and substance of myrads of human beings 1t is Glow
in its progress, insdous in its means, but destructive
in IFS termination The piece of timber which lies al
the workman foot is harmless within ITSELF but when
converted mo Inc axes heve, it becomes the nstru
men win winch the mighty forest is ellcd to the EARTH
Now, what can the States promise themselves that
funding Their interest and thus creating COMPOUND
INTEREST, but irretrievable ruin, If there is
willingness on the part of their constituents TO submit
10 taxation TO pay interest the principal Of their pub
lie debt, it IS not reasonable to suppose that they will
tn Ipfrr Of
tertSt Such legislation procrasnaies the payment
of interest upon bonds it natures, carries with 1t
whitening, bshtng curse to every husbandman door.
1t takes the future bread from his chldren-it en-
slaves his poslerIty On them this funded pecuninry
obligation must fall, even though they become "hew
ers Of wood and drawers of water" Virginia has act
ed wisely she has acted nell. The rising generation
Of her sens should bless her than ever, because
she Is too high minded to bnrihen them with her pre-
sent debts. Wherever civilization extends, the vu-
old mother of Presidents will stand more exalted
in public estimation hereafter, than at any previous
period OF her history And may not trust that as she
has gone, SC will 60 every other indebted State of the
Confederacy'
You will have seen, before this reaches lis destina
ton, The reply of Great Britain through Lord Aber-
deem, to Committee of the Bond holders of the A:ne
rican States in London, in which the opinion is dis
tinctly expressed that the u States IN no way, as
nation, be made responsible for the liabilities Of
sovereign State; that they have control over its
Government can make no demand upon them, or open
any negotiation for debts due its subjects. Amosto
the very dsv that Lord Aberdeens note dated,
Mr. Adams is reported having declared in his place
in Congress, that unless the General Government
made provision for the payment of the debts Of
the delinquent States, Grea: Britain would consider
the reiusaa sufficient be Sentiments like these
productive of mschievous consequences on this
side Of the Atlantic. | will not say that they would
have had any influence upon the British Cabinet before
its decision was given, had they reached It, They have
already questions enough of legitimate character to
settle with U.s. and there is no disposition unnecessa-
ry tn create ones; but they convey the belIetla
the Nation constitutionaly assume those debts,
and that il is It's imperative duty 10 do Impressions
like these affect our reputation seriously abroad, and
occasion The i'll natuved remarks OF "Swindlers and
Repudiaters,' even in France and Germany. MIR.
Adams hacng served a Presidential term, undue
weight is attached to the remarks which fall from him.
In view cf this matter most sincerely regret that the
Resolutions Of lr Rjycs in The Senate should not have
been passed unanimously. The nation owes Vt 10 It's
high character 10 make full expression OF the power
conferred upon it by the Constitution; for, although
this is perfectly understood in wellnormed circles IN
Europe, yet loop should not be left at home or
abroad to "hang a doubt upon, with regard TO AS
SUMPTION; which, of all the new-fangled doctrines
with which the country has been riie for the last few
years, is The most startling always excepting abolition.
| What Compel the people OF Connecticut, Rhode
Island, New Hampshire, Vermont, New Jersey, Della
ware al North Carolina, TO pay the public debt OF
The great Safe OF Pennsylvania; A State nearly as
large and - wealthy as the whole of,hem taken together
To make these States their citizens 10 pay for mo-
nry borrowed by Mississippi, Illinois, Indiana, Ohio,
Michigan Pennsy vana, aud Maryland, whereby their
property enhanced III value ten, twenty, and thirty
per cent. This would indeed be the climax OF national
despo,ism. The Government that could have the
injustice 10 consummae measure oil this KIND, u
there were constitutional impedImenis, would merit
m ~ he under
into insnnlfcance. II would be more oppressive IN
its characer-more fragrant in its violation OF lndvi-
dual rights than the Stamp Act, and all the other
nrey noes Of which fathers complained when they
shook of The yoke OF bondage
The 7s,amptioniss PROPOSE if recollect correctly,
to Issue 900 millions of bonds TO he divided among the
States, bearing an annual interest OF 5 per cent In
The very outset disposition IS manifested 10 make Inc
General Government broker, or to put lis credit al
premium of from q to ) per cent. over the States IL
Is uroed that the creditors of the States would aciag
IN occen, them at these rates This is highly probable,
but. at tbesame time, It would place stain upon our
National character which would remain forever alter
wards If il has the power to issue them at three per
centum il has the power TO issue them bearing the
same in teres that the States contracted TO pny Less
than this, i. could not, without making itself con-
,enp,bIe shaver, think of doing. What certainty IS
tbere that the State to which they are issued would
appropriate them TO The object Michigan objects to
the pavment Of portion of her Liabilities, and might
apoy the money 10 oIner purposes iHois Has ia
quantity of unfinished canal, and stupendous rail-
road in embryo, from Gulena to Cairo. Might she
mn, uss her part of the National Bonds for the COM
pleon and construction of these objects She would
mant 10 control them-as her citizens have to be taxed
10 meet them as they mature; and, if she mlsaPped
them they would have 10 be retired by the Y. D, as
though she had acted in good faith The project is SO
nerfec,ly absurdso utterly imprnctcabe that us aus
cuss;on is utterly useless In order that pennsylvania
NAV be enabled get cut of her difficulties IS kndy
nronosed 10 lessen her taxes and increase Delaware s.
n consideration Of which, bonds TO be issued TO her
for which she has not the slightest use: ;,
In The depressed condition Of trade all over the world
il is wholly impossible TO raise more than suhcient
amount from duties imports, to meet current e1
penses Of the Government, however economically ad-
m;ns,ered even nided by the proceeds from the sales
Of the public lands Whether for projections or Ieve-
nue merely, no Tariff that can be enacted VIII ac-
com,sh more than this. We have entered upon ne ~
eTa The people are producing. They are not buy
inn broadclolhs, ard silks, and French irpperes, as
,boughessly as they did year or two ago They are
frnca in their expenditures, and purchase nothing
,bo1 ihey can do without, The partner of large
phodsphia silk house, at present IN Bremen assured
me day or two ago. that there vas scarcely any en-
nu;,v among the Western merchants for goods IN ms
line and that orders for shipments had nearly ceased
lower