Spanish dollars beara premium of 1 a 1 percent. when sold for our bank notes. Very nearly, if not quite the same premium is paid for thein at Philadel phia and New York. and hence it is, that whenever we talk of making af brokers do deal in them, they charge enormously road, building a bridge, or digging a canal, “Mob for the risk of violating it. If City bank notes could town" is at once cast into our teeth. If Philadel- be openly bought and sold, it is not probable that phia were the most "moral and religious" place in the discount upon them would exceed 14 or 2 per the world, instead of envying her, we would thank cent. in exchange for those of the specie-paying her for the example, and try to imitate it. Instead banks. of causing her newspapers and other periodical works, to abound with miserable Jeremiads about our enterprise, let her excel it! We never complain if she makes good roads or builds magnificent bridges-we never commit her errors or sins to memory, to associate them, at all times, with the mention of her name; but might catalogue the crimes of individuals there to a considerable extent, if we pleased; but we despise it: we would rather justify than condemn her-all feel for her as a sister, and many regard her with filial affection. Let this war of hard words and harsh conduct have an end. The mass of the people of Baltimore are as honest as those of Philadelphia--and a considerable number of our merchants as solvent as any that she has. Our banks, generally, quite as able to pay their debts, as her own are, notwithstanding our sufferings in credit through the prodigality of a few-the sources of the chief of which might probably be traced to Philadelphians, if it were worth while to do it: and, let Philadelphia remember, that the valor of Baltimore during the late war, perhaps, saved her from a conflagration like Washington, or a submission like that of Alexandria—as was felt and acknowledged at the time. The truth is, that unless Ealtimore is persecuted, she will easily weather the storm. Even the "City bank," though the stockholders have been much abused by those they confided in, will pay its debts -its bills are pretty general taken in our stores, at the ordinary prices for goods, if their whole amount is laid out, because it is believed that the debts due to the institution exceed the amount of notes in circulation, as three is to one. "Every body" will not fail in this city-there is much real wealth amongst us. We could give a dozen or two of names, that even Philadelphia would be bothered to match, on this score. All we ask is, to be treated fairly. We have not deserved persecution of our country; but supported it, on all occasions of its utmost need, to the full extent of our power. We never despaired of the republic-nor do we despair of a wholesome reformation of abuses. To accomplish this, we demand a liberal spirit in our country'nen: the same liberality that we have extended to all men: we ask nothing more. The common reputation of the Baltimore banks, at home, may be pretty well ascertained from the following rates of exchange: New Hampshire, Massachusetts, Rhode Island and Connecticut notes, generally, at two per cent. discount. New York city, and such of that state, and of Connecticut and New Jersey, as deposite in the city banks, par to per cent, premium; country notes, 3 a 5, dis. many not taken at all. Philadelphia notes, same as New York; country notes not depositable in Philadelphia, from 2 to 75 per cent. dia. Maryland country notes various; but all under par except those of the banks which deposite in Baltimore. District of Columbia paper, the best, at 1 dis. The old banks of Virginia, at 3 a 4; bank of the Valley from 4 to 5. North Carstina, from 12 to 15; South Carolina and Georgia, 10 to 12. Western Kentucky, Ohio, Tennessce and Louisiand, the best not less than 10, generally 15 to 20-—if reLeved at any rate. A meeting of delegates from the state bank of North Carolina, the Cape Fear bank, and the bank of Newbern, was lately held at Fayetteville "to take into consideration the present state of the country as it affects the business of the banks, and to report whether any measures are proper on the part of the banks." The report speaks about brokers and runs upon the banks-the difficulty of collecting their debts, &c. and recommends that the banks shall "refuse to pay specie to brokers and others who they believe have obtained their notes by purchase, at a discount, for the purpose of obtaining specie." It appears however, that these banks in some cases, have given draughts on New York, &c. for large amounts of their notes, even to "brokers;" and that they pay off, or satisfy, all their notes received in what they consider a regular trade. The Augusta (Geo.) Bridge bank company, has stopped payment. But its credit seems to be good at home, and a belief is entertained that it will speedily pay off its debts. Interest, at the rate of 8 per cent. will be paid to those holding its notes, and such as had deposits in it, are invited to call and receive payment. The directors of the Belmont bank, of St. Clairsville, O. have resolved to close the concerns of the institution. The Greencastle bank, Pa. has suspended its operation until the 31st of July next. The U. S. branch bank at Lexington. The direc tors in this branch have been increased from eight to thirteen-Mr. Samuel Wilkins has been chosen president, vice Mr. James Morrison, resigned, and only four of the old directors were permitted to remain. It is understood that these changes shew a determination in the mother bank, to collect the debts due at this branch; but it is intimated that any considerable portion of them cannot be paid in for several years to come. Mr. Romulus Riggs, of Georgetown, Col. has as. sured the public, in a very pompous exposè, "done at his exchange and banking house," that the district banks, named by him, pay specie on demand. He enumerates all, we believe, except the Mechanics' bank, and Franklin bank, both of Alexandria. "Land office money.” This is a great thing in the west and south. The payments into the treasury on account of public lands for the quarter last past, are said to amount to 1,100,000 dollars. Several local banks designated to receive such payments, are giv ing notice of the various sorts of money which they will take. A public meeting of the citizens of Franklin counA late wise law of our legislature forbids the pur-ty, Ky. has been held in a church at Frankfort, "to chase of Maryland bank notes. Hence, when the take into consideration the present state of the country," and devise means to avert "impending | reading and study of the subject. The whole readistress." The resolutions are long and well drawn soning there (as the concluding paragraph shows) up-the banks are justly considered as having in a refers all the rise and fall of our property, and the great degree, contributed to bring on and aggravate scarcity or access of money to the rise and fall of our the present distress; but a sudden reduction of their bank issues. I subjoin the following extract, in discounts is deprecated, because "property is no hopes that it may awaken the attention of our nulonger convertible into money," and it is recom- merous bank directors to further enquiry into the mended that they should immediately suspend spe-subject. cie payments! The 14th resolution is in the follow- "While it is in the power of the directors of the ing words "Resolved, That, a prudent and rigid bank of England to increase or diminish the cureconomy ought to be observed; the consumption rency of the country at their pleasure, no person of foreign articles of luxury and manufactures dimi- can form any probable estimate of the value of his nished; home manufactures encouraged, the annual property at any period but a little remote. The es expenditures of individuals lessened, so as to enable tate that is purchased to-day, and reckoned a good them by industry and frugality to pay off old arrear-bargain, may, by the bank's limiting its discounts or ages without accumulating new debts." withdrawing its notes from circulation,be rendered Herein is the only safe remedies for the evils of the in a very short time, not worth half the sum paid for it; and, on the contrary, if the directors were more zimes. At a meeting of committees of the bank of Ken-liberal in granting discounts, and increased the num tucky, of the offices of discount and deposite of the ber of their notes in circulation, either by lending bank of the United States, at Lexington and Louis- to the state or to individuals, the estate might sirecville-of the Farmers and Mechanics' bank of Lex-dily become worth double the money; that is worth ington, and the Commercial bank of Louisville, con- double the paper it had been sold for. This artifivened at Frankfort, on the 17th of May, 1819, for the cial and unnatural system, renders the money value purpose of taking into consideration the distressed of all the property in the empire dependent on the state of the country, and of devising some plan for views and opinions, the whims and caprices of twenthe relief of the people-It was agreed that consi-ty-four individuals! It is their fiat alone which makes derable relief might be afforded by said banks with- one transaction good and another bad. They hold out suspending specie payments-they further the scale of value, and change its graduation as they agreed to act together for this purpose, and the judge proper. state banks are pledged to continue the payment of their notes in gold and silver. Nothing but rendering bank notes exchangeable for cash or bullion can possibly restore the currenThe whole state is in considerable commotion.cy to a sound state. Every other scheme for the The gross amount of debts due the banks is estimat-accomplishment of this most desired object will be ed at ten millions of dollars-5 to the bank of Ken-found completely delusive and ineffectual." tucky, 3 to the branches of the bank of the U. S. "Whatever may be the nature of the circulating and 2 to the Independent banks." Several coun-medium of any country, whether gold, copper, leathty meetings have been held; their general purposeer, salt, couries or paper, and however destitute it is,--1, a suspension of specie payments; 2, more pa-may be of intrinsic value, it is yet possible, by suffiper money; 3, an extra meeting of the legislature, ciently limiting its quantity, to raise its value in exto pass some laws on the emergency. What did change to any conceivable extent." we tell the people of Kentucky when they littered their banks, and were so anxious to introduce the offices of the bank of the U. States? But things do not seem so very bad yet. The "Union" printed at Washington, Ky. tells us that one negro man, at a public sale, brought 625 dollars, another 725; a woman and child 750, and so on. Thus, sir, the arguments are, that if we will diminish the prices of our commodities, we must diminish the issue of paper, and to raise them and produce an artificial and ruinous value, we have only to increase the issue of paper; the remedy against any such abuse from banks is, that they shall all be constrained, always to be liable to make all their payments when required in specie.-But let our commercial men read the book for themselves. A petition is circulating in Somersett county, Maryland, requesting the governor to call an extra meeting of the legislature, because the products of From the Richmond Enquirer of May 28. It is geagriculture are of a reduced value, and a large por-nerally understood that the G. S. office in this city tion of the industrious classes involved in debts, has called on the state banks to pay up their balan which, although possessed of property, they are ut- ces about 20 per cent. a weck, till paid; then to setterly unable to pay-thanks to the bankrupt bank of tle up weekly, or at some short period.* Thisis by Somersett. The people had better associate to as- brders from head quarters. It is time, then, to aid sist each other for the present, and solemnly re- our state institutions But how? Easily-Let such solve to hold any one as infamous who shall at- as have deposits in the U. S. bank withdraw their tempt to establish another bank in their county, or deposits and put them into the state banks. Let to revive the present prostrate establishment. It those who have notes to take, make them payable has nearly eaten up the "productive classes," or in the state banks. Why? Because but few notes driven them away. of the U. S. bank are in circulation; deposited notes must, therefore, be paid in state paper-which is equal to drawing so much specie from the state banks and putting it into the U. S. bank. The merchants of New York rally around their state banks; and shall not we? Paper currency. The following article, extracted from the Philadelphia Daily Advertiser, is well worthy of consideration: Mr. Poulson-The last number of the Edinburg Review, No. 61, for December, 1818, has 30 pages on the subject of paper currency, at this time pecu. liarly interesting to our community, harassed as we are with want of money, and speculative as we are in bank paper and bank loans. I hope, by this for notice, to call the attention of our wise men to the i Scarcity of cash. One cause (says the Kaleide We believe that the Baltimore banks have been some time in the practice of settling up weekly, ED. RE. scope) of the many complaints on this subject, may be found out, perhaps, by perusing the following anecdote. Before hanks were known in New England, or ere paper money of any kind was in vogue, there was in Connecticut, a cry of "hard times; "no money to be got," "let's petition the governor and legislature to make paper money.' One of the greatest advocates for this scheme, called on the governor, when the following dialogue ensued. we are led to recognize the goodness of Divine Providence, in conferring on the people of this commonwealth, the blessings of peace and plenty, of general health, of good order, and of a free government. Feeling, as I presume we all do, a just sense of the importance of the trusts committed to our care, and of the obligations we are under, to see not only that the republic receive no detriment, but that its best interests are promoted, we may safely engage in the discharge of our respective duties. Our constitution is virtually and essentially in the hands and at the disposal of the people. This is not Jonathan. Why, may it please your honor's ex-merely the language of our constitution: It is a doccellency, the times are hard, and money scarce, and some on us talk o' petitioning to have paper money made, so that every body may have enough on't. Governor. Well, friend, what is your business with me? Gor. But friend, there is considerable money in the province now; gold, silver, and copper, which you know, is of more solid value than any paper atever. Among others, I have a small sum on hand, and if you are in want, and have any thing valuable to sell, I will be a purchaser, at a fair price, and relieve you from your embarrassment. Jon. O dear, your honor, I've nothing to sell and scarce any thing to keep. Gov. Well, you look strong and healthy, and presume are willing to work for a living. I will give you employment and pay you in solid coin. Jon. I work sometimes, but I really can't say like it. Gov. Very well. Then supposing government should make ever so much money, and you have neither property nor labor to give in exchange for it, you would have no way of procaring it, but by borrowing or stealing. Jon. By Jingo, Mr. Governor, now I come to think on't, I guess you're above half right. t "Give us the names, Sir!" trine that lies at the foundation of republicanism. And the conservation of our liberties, as defined in our great social compact, is intimately connected with the intelligence and virtue of the people. But man is born neither wise nor good.-Knowledge and virtue result from instruction, and discipline and effort. The senses of the human kind early and eagerly seek their appropriate objects of gratification. The passions, easily excited in childhood and youth, are prone to, and grow stronger with excessive indulgence; while the powers of rea son, necessarily associated with experience in their progress to maturity, are slow and late in being fully developed.-Hence the danger of habits being formed injurious to society and destructive of individual happiness.-Hence the usefulness and importance of early tuition; and hence likewise the interest which the public has in providing means for cultivating the minds and forming the manners of youth. Agreeably to these sentiments, the constitution enjoins it as a duty on the legislature and magistrates, in all future periods of the commonwealth, to cherish the interests of literature and the sciences, public schools, and grammar schools, in the towns. Should the existing laws be found insufficient to provide for the primary education of children, especially of destitute orphans, and the In the last volume of the WEEKLY REGISTER, page children of the poor and necessitous, pre-requisite 99, Oct. 10, 1818, we published a pretty warm ar-to their admission into grammar schools, the deficiticle under this head, that the people might have aency has strong claims to the consideration of the knowledge of the stockholders of the bank of the United States, desiring also, that it should be required of all banks to publish such lists annually, &c. for the reasons then stated. The committee of congress raised to investigate the affairs of the bank, had this thing under consideration and pro- In casting our eyes across the Atlantic, which for cured a list. By some means, this list was not print. instruction may be admissible, we see exhibited in ed in time to be laid before congress. Indeed, we the most disgusting forms, the deplorable effects of believe it was completed only about two months ignorance and vice.-Pauperism, in some of the Euago, and its intended effect was thus lost. When ropean states, we are informed, has become so exon the 22d ult. we concluded the "bank decu-tensive and overwhelming, as to occasion in many ments," it had no reached us-but we have since corporations,an enormous and almost insupportable received it, and should have published an abstract demand upon individual income, for the mainof it, but because it might appear like trampling tenance of the poor. Crimes, in the same states, al"upon men when dey were down. It is possible that we most without number, and of every grade of turpishall yet give this abstract as a memento mori to spe-tude, are at the same time disturbing the repose of culators, designating those who shall have failed in private life, menacing the public peace, and mockbusiness, in consequence of their wild proceedings.ing the most severe expressions of public venThis explanation is necessary to satisfy numerous en-geance. quiries that are made of us for the list; assuring all interested, that we feel no delicacy about the matter, as as some may suppose, except that which is due to our self-respect, for the reason just above stated. Legislature of Massachusetts. GOVERNOR'S MESSAGE. Gentlemen of the senate, and Gentlemen of the house of representatives. In assuming the several stations which have been assigned to us by the suffrages of our fellow citizens, legislature. Our venerated forefathers rendered their memories imperishable by their care and solicitude in the cause of learning; and experience, instead of discrediting their literary institutions, has served to heighten their value. On the subject of punishment, however, most of the governments in christendom have come to a pause. The frequent repetition of crimes, in defiance of the most appalling and sanguinary punishments, has shaken a confidence in their efficacy, which custom and prejudice had so long and obstinately maintained. And the practicability of preventing crimes, and reforming offenders by the force of early education, and the influence of moral and religious motives, is gaining credibility and advocates. Although Massachusetts has been distinguished with you in any measures calculated to lighten the evils of suffering humanity, or to promote the gene ral prosperity and happiness of the commonwealth. JOHN BROOKS, Boston, June 1, 1819. National Interests. Address of the Philadelphia society for the promotion of domestic industry, to the citizens of the United States. No. VIII. for her zealous efforts to rear her children to habits of order, of usefulness, and virtue, we bave too much reason to regret the existence of vice, and the perpetration of crime. But, on due examina tion, it will be generally found, that the latter have been committed by those who were not natives, or if natives, by such as had neglected, or been denied the advantages of early training and instruction. It is believed, that the idea of producing a virtuous and happy state of society, by the influence of early} education and discipline, on the great body of the people, has never been so distinctly conceived, nor Philadelphia, May 27, 1819. urged with so much force and effect, as in this When we first ventured, fellow citizens, to call country. But changes await us; and we shall do your attention to the subject of political economy, well to endeavor to catch a portion of that spirit of we were influenced to adopt that measure, by the prudence and foresight for which our ancestors were calamitous situation of our affairs, public and private. distinguished, by adapting the means of literary Agriculture had received a deep wound by the reimprovement, to the state of society, and detecting duction of the prices of its staple articles from the bearings of present circumstances on the inte- twenty to forty per cent.-real estate was reduced rests of future times. It is not unreasonable to ex-in the same proportion-navigation and commerce pect, that, among other causes, an increase of our were languishing-manufactures were prostrated population, of our commerce, and of large manufac- by an inordinate influx of foreign commodities, calturing establishments, will, as in all other countries, culated to excite a spirit of luxury and extravagance multiply the causes of moral deterioration. If there in our citizens-the narrow, illiberal and selfish be just ground for these apprehensions, additional maxims, "to buy where goods could be liga cheapmeasures of precaution cannot be too speedily de- est" and "not to tax the many for the benefit of vised. the few," had produced a system whereby the On this occasion I would present to your notice wealth of our nation was converted into a means of the great penitentiary of the commonwealth at fostering and encouraging the industry of a distant Charlestown. I have been recently furnished with hemisphere, and supporting foreign governments, a summary, but very satisfactory, report of the pre- while our own citizens were turned adrift for want sent condition of that institution. It must be gra- of employment, and many of them reduced to mentifying to you, as it has been to me, to receive as- dieity, and our country impoverished-we were insurances of the salutary effects of the act of Febru- volved in heavier debts than ever before, with diary, 1818, for classifying the convicts, and other minished means of payment-and the character of purposes, on their temper and behaviour. Besides our country, from the inability of her merchants to the prevalence of good order, the expense of the pay their debts, and their frequent bankruptcy, was institution has become less onerous to the state. greatly impaired in the eyes of the world. In a The mild treatment observed towards the unhappy word, under whatever aspect our affairs were viewconvicts, in that prison, their wholesome sustenance, ed, they presented the most serious cause of uneasithe great attention paid to their health and cleanliness and apprehension. ness, the means furnished to the younger part of them for being taught to read and write, and to all of them for religious worship,and moral instruction, seem to be well calculated to operate on ingenuous minds, and lead them to permanent reformation, The report of the directors will be laid before you by the secretary, We looked around for the causes which, in the short space of four years, without war, famine, pestilence, or failure of any of the bounties of heaven, have reduced to this state, from the pinnacle of reputation and happiness-a people justly celebrated for their enterprise, their industry, their mechanical skill, their wealth, and enjoying, in the highest degree, every gift of heaven, in soil, climate, and extent of territory. In the month of October last, the board of visitors of the Massachusetts general hospital, examined the condition of the hospital for the insane, at Charles- Several causes, we found, had combined to protown. And it gives me great pleasure to be able duce this calamitous result. The prosperity of the to state, that an inspection of that establishment af- country had engendered a spirit of extravaganceforded the visitors the most entire satisfaction. The and the inordinate spirit of banking, carried in many local situation and general arrangements of it, ap-cases to a culpable excess, had done much mischief. pear to be perfectly adapted to the nature and exi- But the great paramount evil, in comparison with gencies of such an institution. The manner in which all the rest sink into insignificance, is the which the two buildings designed for the accommo-immoderate extent of our importations, whereby dation of the insane, one for males, and the other we are involved in debts, for which our produce, at for females, are constructed, is judiciously contriv. the highest prices, would have been inadequate ed to insure the safety and comfort of the afflicted to pay: and their great recent reduction, of course, patients, And the concerns of the establishment increases our disabilities. The evils arising from generally are so administered, as to fulfil the bene- other sources would have gradually cured themvolent intentions of the legislature in founding an institution so interesting to humanity, in modes the most simple, economical and efficacious. It may be satisfactory to you, gentlemen, to know that the consulting and visiting physicians, comprising some of the most eminent of the profession in the state, have examined the institution, and given it their unqualified praise, as affording the best hopes of alleviation and cure for the afflicted subjects of mental disease. I cordially recommend the institution to your fostering care; and shall cheerfully concur selves-or involved in ruin only the deluded parties. Whereas the loss of our industry, the drain of our specie, and the consequent impoverishment of our country, affect all classes of citizens, the economical and the extravagant -- the la borer, the artisan, the cultivator of the soil, as well as the land owner, the manufacturer, the trader, and the merchant. On the most mature consideration we have given the subject, we are persuaded that the only radical remedy of those evils is to limit the importation of such articles as we can manufacture ourselves, and thus foster our domestic industry. Other measures may be adopted to co-operate and aid in this great work. But without the grand restorative, of buying less than we sell," which a proper tariff alone can effect, they will operate as mere palliatives of an evil whose immense extent and magnitude require prompt and decisive remedies All our efforts have been directed to convince our fellow citizens of this truth, so important to their virtue, their happiness, their independence. home, by fostering and protecting domestic manufa tures fo a serious consideration of this important subject, the grand jury would most earnestly invite the attention of the citizens, more especially of this county. Unanimously agreed to, and ordered to be printed. N. B. The failure of crops, stated in the preceding document, has not prevailed in other parts of United States-but the distress is equally felt else. where. TO THE PUBLIC. We are, like other men, liable to error. We may have viewed the subject through an incorrect me. dium. But we declare, as we can with truth, that should we be mistaken-should any man or body of men devise a better plan, we shall rejoice in the The society for the promotion of National Indusdiscovery, abandon our present views, and support try, being informed that exceptions have been made theirs with all our ardor. We contend not for vic-to the statement of the list of prohibited articles tory. That is no object in the discussion of such a in the Russian tariff, published in their address No. momentous question, involving the happiness or 4, in consequence of the article "Tea" being inmisery of millions. We contend for the happiness cluded, beg leave to state, that this article forms an of our citizens-and for the honor and prosperity item among the "Merchandises prohibees a l'enof our beloved country. tree," in the edition of the tariff published at Petersburg, anno 1816, under the title of "Tariff des droits de dounane de l'empire Russe," signed by the emperor Alexander himself, and which is now in operation. The words of the prohibition are, "The But they have learnt, since the publication of that address, that an arrangement exists between the Russian and Chinese empires, whereby, "Teas" are admitted into the former from the latter, "by land." This is not to be found in the tariff; and they coul not divine by intuition that such a regulation was in existence. A document has just reached us, which does honor to the head and heart of the writer, as well as to the respectable body of citizens by whom it was adopted, and which deserves the serious attention of our citizens throughout the union. It is the pre-de toute sortee entree. sentment of a late grand jury of Newcastle county, which points out with infallible certainty the road to prosperity. We warmly recommend associations throughout the country to carry its salutary objects into operation, and thus arrest the impoverishment of our citizens. Should they be general-should the plan proposed be faithfully adhered to, and the tariff be properly modified-the thick clouds that environ our horizon will disappear-the sun of prosperity will again shine on us we shall recover from our disastrous situation-and only remember our sufferings to warn us to avoid the fatal source, a false and mistaken policy, from whence they burst forth on us with destructive violence. It is, however, obvious that the objection of this ground by no means warrants the importance attempted to be attached to it, and does not affect the question before the public. The object of the society was to place in strong light the paternal and exemplary care bestowed by the Russian monarch on the interests of, and protection afforded to, his manuDelaware claims the high honor of having firstfacturing subjects, so signally displayed by the proadopted the federal constitution. It will be another hibition of almost every article of which domestic just cause of pride, that she has taken the lead on supplies can be procured, and to contrast his policy this occasion, more particularly should the sound with that of the United States, where no article whatviews she has given of the causes of our distresses ever is prohibited, how abundant soever the domestic and the excellent remedies she has prescribed, lead | supply—and where teas are dutied at from 70 to to their radical cure. 80, and wines at forty to sixty per cent. while silks Grandinquest of Newcastle county, state of Delaware. and linens are admitted at fifteen-pottery, earthThe grand jury of Newcastle county, beg leave enware, and all articles manufactured of brass, steel, to represent-That they are deeply impressed with pewter, lead or tin, at 20, and cottons and woolens the distressed and calamitous situation of the agri-at 25 per centum. To this striking contrast, pubcultural, commercial, and manufacturing interests of the state; that in their opinion these evils have arlsen from 1. A failure of crops; lic attention is invited.-The low imports on cottons, woolens, &c. were defended on the ground of the danger of smuggling, in the event of imposing higher duties. But, as already more than once obII. An unfavorable balance of trade, the result served, surely teas and silks are as easily smuggled of excessive importations of foreign goods exceed-as muslins, calicoes or woolens, and when the daning, to an immense amount, the value of our ex-ger of smuggling tea under a duty of 80 per cent. ports; (souchong is about 125) was disregarded it requires cir-no small degree of credulity to believe that this consideration had any sort of influence in fixing the impost so low as we have stated, on pottery, cottons, woolens and so many other articles imported under duties inadequate to protect national industry; which has been the leading cause of the impoverishment of our country. III. Thus draining the state of its specie, and culating medium, IV. Depressing the value of real estate; and I. A regular and strict economy in the expenses of the people. II. A retrenchment in the use of imported goods, and foreign luxuries. III. A steady attention to the improvement of our agricultural products. IN. Ind the encouragement of a market at The society request a candlid and free communication of, and liberal indulgence extended to, any eriors that may be found in their addresses. A prompt attention shall be paid to such commu nications. Tariff, page 98, |