Newspaper Page Text
I H - niiaa^^adfafc^
■From the National Intelligencer.
INTERNAL -REVENUE
OP THE
UNITED STATES.
There are some facts connected with thq internal re
venue of -the United States, that do not seem to be so
generally known as their importance merits that they
should be. It is not, perhaps, extraordinary that these
facts have Wot heen debated in tlie public prints, when
We consider the numerous and interesting topics that
have engaged for a considerable time past the attention
of congress, and that the documents printed by tlieir or
der, during the last session alone, fill at least adozeu vo
lumes. There certainly-never has existed a government
in which the fountains of knowledge have been so tho
roughly opened, or from which a more abundant stream
©flight has constantly flowed for the information of the
people. The only fear now, perhaps, is, lest the extent
and variety of this information, involved, as it necessarily
often is, in the forms of office, may in some points obscure
rather than enlighten the public mind by the various
views presented of the same objects, or deter tbe conduc
tors of our public journals from filling their columns
with details that are dry and tedious, however interesting
in their results. It is these results, exhibited in condens
ed and general views, that it has, hence, now eminently
become die duty of our public journals to exhibit.
The views which it is intended now to present, being
*11 derived from official documents, may be entirely reli
edon, and will, it is hoped, be an antidote to various
misapprehensions as well as misrepresentations that have
appeared in the public prints. This office is ribw under
taken principally from one consideration.
Most of the internal revenues are in their operation
substantially direct, that is, the individual jWlio pays the
tax bears himself the burthen, instead of its being, as in
tliecaseofimportedgoods, eventually borne by the con
sumer, although in the first place incurred by die import
ing merchant. Direct taxes, it is well known, have been
universally the most difficult to collect, owing to the ex
pense of collecting them from so nutny persons, and to
their payment being in all cases compulsory, not de
pending, as in the case of articles of consumption,
on the inclination of the individual purchasing
them, who, moreover, in many cases, is unconscious of
the tax he pays. Hence it has always been expected that
the imposition of such taxes would involve . he strongest
appeal to the good sense as well as virtue of the com
munity, and the liveliest solicitude has been entertained
#ot* the effects of their imposition, strengthened by die
impression made on the public mind by their original im
position during the administration of Mr. Adams.
The experiment has recently been made with a success
beyond the most sanguine expectations. These taxes,
though for a time very considerable in amount, have been
discharged with a promptitude and cheerfulness that
have evinced a general willingness and ability to pay
them. This alacrity has not been confined to the friends
of the administration, but has' been also, to their honor,
displayed almost universally by their opponents. A
people thus obedient to tbe laws, in the point in which
their operation is the most sensibly felt, claim our res
pect, if not our admiration. Tor let us always remember
that they not Only pay tbe taxes, but diat they also laid
them; that itYvas their will which gave them being, and
that it is their will that continues them in existence.—
"With this fact in view, the attempt recently made, to
prove that these taxes are reluctantly and tardily dis
charged, calls for exposure. That where the highest
praise was merited, this severest reproach should be
cast on the people, should excite not only indignation,
but reprobation. To repel this unjust charge, to dis
prove it beyond a doubt, to vindicate the honor of an
abused community, is the object of the subjoined state
ments and elucidations.
In the second year of the late war, viz. on the 24th of
July, 1813, congress passed acts imposing duties on car
riages, stills, sales at auction, and on refined sugar, and
on the 2d of August ensuing passed acts imposing du
ties on retailers, and on various instruments of writing
which were required to be stamped; ail these duties to
take effect on the 1st of January, 1814.
On the 22d of July, 1813, an act was passed directing
an assessment to be made of tife real estate and slaves in
the United States, the operations under which were not
to commence until the 1st of February following.
_ On the 2d of August, 1813, an act was passed imposing
a direct tax on the real estate and slaves, so assessed, of
three millions of dollars.
On the 24th of July, 1813, the office of commissioner
of the revenue, on which the superintendance of the col
lection of the revenue was devolved, was established.
Before the System could be carried into effect, it be
came necessary to organize one hundred and ninety-nine
distinct districts in the United States, by appointing in
each a collector and principal assessor, and giving them
the necessary instructions, and by the appointment by
these officers of the requisite number of assistants.
This organization was seasonably eff ected, and the col
lection of the internal duties went fully into effect on the
appointed day.
flow far this system has succeeded the following re
sults will shew:
T 9
Treasure*
And the expenses of collection were
V “• -
75,996
Total paid into the treasury . * ; g1,-166,844
The Whole expenses of collection being Six and a hail
I. View of the collection of the direct tax and internal du
ties for the ycur 1814.
Th4 secretary of the treasury had computed that, of
these duties, there would accrue in the first year the
amount of two millions. Instead of this amount there
actually accrued above three millions two hundred thou
sand dollars.
This aggregate sum was drawn from the following du
ties:
From Stills ....
■v' Carriages - - -
Retailers -
Sales at Auction
Refined Sugar
Stamps - -
Interest and penalties
gl,681,087
- 225,178
- 787,065
154,629
- 11,670
410,516
3,845
Refunded or remitted,
3,273,990
11,739
3,262,197
Of this amount there was received by the collectors
during the year 1814, 2,083,218 dollars; the balance con
sisting principally of bonded duties not payable within
the year.
Of the sum received by the collectors in the vear
1S14—
There was paid to the treasurer
And the expenses of collection were
gl,762,003
148,991
Total paid into the treasury,
Leaving in the hands of the collectors
gl,910,994
g172,224
SI,747
The expenses of collection, consisted of the following
items:— stM
ContinJHB expenses, such as books, sta
tionary, notiees, kc.
Measuring stills, an expense almost ex
clusively incident to the commence
ment of the system . 13,594
Commission and extra allowances by the
- president 118,250
The whole Expences of collection
gl48,991
Being 7 per centum on the amount paid into the trea
sury, and about 7 per centum on the amount received.
The assessment of the real estate and slaves generally
commenced in the month of February, and was, in most
of the districts, accomplished within a period of six
months. It is doubted whether the fiscal annals of any
nation exhibit the performance of such a complicated
operation within a shorter period, and it is the more me
morable from the fact, that the only general assessment,
ever before made in the United States, which was direct
ed in the administration of Mr. Adams, occupied several
years.
The collection of tlie tax of three millions was imme
diately consequent to the assessment. Of the whole
aihount, the states of New Jersey
r Jersev, Pennsylvania, Virgi
nia, South Carolina, Georgia, Ota>, and Kentucky, as-
■ " ' ’ >tas, and punctually, with the
sumed their respective quotas, and punctually,
induction of 15 per centum allowed by law, paid them.
The aggregate of these quotas, amounted to 1,363,290
dollars, 0 leaving to be collected from individuals the sum
of 1,636,760 dollars. .
Of this last amount there was received in the year 1814,
the sum of 1,258,549 dollars, of which there was paid to
the "
per centum on the amount paid into the treasury, arid six
per centum oft the amount received.
Combining the direct tax and duties the whole amount
paid into the treasury,, during the year. 1814, indepen
dently of the quotas of the assuming states, was.
3,077,838 dollars, and the expences of coHecttftn 224,9b. :
dollars, being about seven and a quarter per centum.
On the 28th of November, 1815, it appears that then
remained to be collected, 56,761 dollars, near one h;df ot
which was due by Lousiana, in which the assessmentvus
much protracted, from the difficulty of obtaining officers
for the compensations allowed by Lav:—The balance con
sisted principally of taxes on non-resident property, for
the payment of whichfurther time is allowed, than for
taxes on the property of individuals, and on property
purchased oil behalf "f the United States. 'I he whole
of tliis balance has been since reduced to an amount
within twenty thous.Jid dollars, winch, will be disciiarg
ed within the periods fixed be law.
II. View of the collection of the direct tax, and Interna!
dunes fir he year 1815.
In December, 11>14, ttte duty on carriages was modifi
ed A duty of 20 cents a gauon was laid on spirits dis
tilled within the United States, to take effect on the 1st
of February ensuing - , in addition to the duty on stills, the
duty on ret ilcrs augmented fifty per centum, and that on
sales at auction one hundred percentum, both augmen
tations to take eitbet on tbe 1st of February ensuing.
On the 18th of January, 1815, a duty was imposed on
household furniture, and g’-ld and silver watches, and on
various articles manufactured in the United States, the
latter to take eff ect on the 18th of April ensuing.
In the same month a direct tax of six millions of dol
lars was laid on the United States, exclusive ol the dis
trict of Columbia, on which in tbe ensuing month, a di
rect t;ix of 19,998 dollars was laid.
Under this act, a new assessment was made throughout
the United Stales, on principles, in some respects differ
ent from tlu.se by winch the preceding assessment had
been regulated, and particularly in regard to an entirely
new feature, according to which the valuations ot the
principal assessors of each state were required to be sub
mitted to the whole of the principal assessors of the
state, who definitely fixed them and decided the rate of
taxation. In consequence of the increased labor of this
operation, a much gre ter time was consumed in effect
ing it, than was taken up in the preceding assessment,
and very different terms occupied in different states, and
even in different districts of" the same state. We find,
accordingly, that in some districts the assessment was
not computed so e..riy by seven or eight months as in
others. Owing to this circumstance the collection of the
tax was commenced at very different times in the differ
ent districts. Forming an average ot those times, it may
generally be taken, as commencing on tbe 15th of Februa
ry, 1816.
In this year (1815) the aggregate internal du
ties th ,t accrue d, amounted to about §6,300,000
Add the amount which accrued but was not
received during the year 1814 1,178,000
Of this amount there was received by the col
lectors during the year 1815
Leaving a balance uncollected, consisting prin
cipally of duties, not payable within the
year, of
Of the sums received by the collectors, there
was paid to the treasurer
And the expenses of collection were
§7,478,000
4,980,000
2,498,000
4,150,000
278,582
4,428,582
Total paid into the treasury
The whole expenses of collection being 6 1-4 per cen
tum on the amount paid into the treasury.
Of the direct tax ofl814 at thu end of that
year there remained unpaid into the trea
sury, the sum of
Of the direct tax of 1815
amounting to 6,019,998
there was paid by the
states of New-York,
South Carolina, Geor-
giaand Ohio, which as
sumed their respective
quotas, including the
deductions allowed the
sum of 1,634,268
Leaving to be collected from in
dividuals
469,996
4,385,730
4,855,626
As already observed, the collection of this tax did not
commence in any of the districts till late in the year of
1815, and in many of them did not commence until the
months of January, February and March, of 1816.
Of the balance of the tax
of 1814, remaining un
paid into the treasury,
there was paid to the
treasurer during 1815, 367,335
And of the tax of 1815
there was likewise
paid to treasurer in
that year 388,662
And the expenses of col
lection were 48,042
Total paid into the treasury
804,039
Leaving to be accounted for at the end of
the year 1815 4,051,587
The whole expenses of collection being less than
six per centum, on the amount paid into the treasury.
Combining the direct tax and dudes, the whole amount
paid into the treasury during the year 1815, independent
ly of the quotas of the assuming states, was 5,232,621
dollars, of which' the expenses ofcollecton were 326,624
dollars, being less than six and a quarter per centum.
At tbe late session of congress an essential modifica
tion was effected of the existing internal dudes, and the
direct tax was reduced from six to three millions of dol
lars.
Of the effect of this modification, the following estimate
muv be made:
Reduction of direct tax,
of duty on retailers,
Abolition of duty on spirits,
On various manufactures
On household furniture and
watches,
5,310,000
300,000
2,500,000
1,500,000
affll certainly
t paid into the
, - , .
than thnse incurred in the year'll
not exceed six per centum bn the
treasury.
From these statements the following general
inav be, drawn; ' , .
x That the whole sum that has accrued, for internal
ties, from the 1st of January, 1814, to the present time,
amounts to about §12,862,197
That The whole of the direct tax Of 1814,
and 1815 amounts to
simplicity;/its form and mat,
appropriate to morning costume"
PARISIAN FASHIONS
certainly
9,019,998
Total amount of internal revenue, exclusive
of proceeds of sales of land and duties on
postage
21,882,195
That of this
ed
amount there has been receiv-
18,900,
,608
That
tax
tliere remains due of the direct
220,000
Add for the augmented duty on stills,
7,531,000
690,000
Amounting in the whole, to a reduc
tion of
6,931,000
The remaining taxes may be estimated as follows:
Direct tax
Duty on carriages
Retailers
Stills
Auctions
Refined sugars
Stamps
3,000,000
200,000
700,000
1,500,000
400,000
150,000
400,000
6,360,000
HI—View of the collection of the direct tar and internal
duties, since the 31sl of December, 1815.
The accounts as yet rendered by the collectors, do ,
not furnish the requisite materials for a statement oftht ♦
That there remains to be paid of the duties,
by far the greater part of which is not yet
due; about
981,587
2,000,000
iSn
That of the direct tax and duties received from i
viduals, there has been paid into the treasury, viz;
In 1814 3,077,838
1815 5,232,621
1816 about 7,000,000
Total 15,310,459
That rile expenses of collection have been
In 1814 224,987
1815 ■ 326,624
1816 375,000
>
Total 926,611
The entire expenses of collection being on an average,
six per centum.
That these revenues have been promptly paid by the
people.
That they have been faithfully collected and account
ed for.
That they have been economically collected, tbe ex
penses of collection, not exceeding six per centum, h
commission which is not greater than that paid in Great
Britain, where the population is so compact, and the
amount of taxes so great, and where, moreover the go
vernment enjoys the benefits of a long experience.
These facts will serve as an antidote to a flagrant mis
representation, which seems to have run through thfe
papers, that the duty on household furniture and watches
amounted only to 70,000 dollars, which was entirely ab
sorbed in the expenses of collection; the tact being, that
the expences of collection in this instance, are precisely
the same with those incurred in collecting tbe other du
ties, and will little, if at all, exceed six per centum. It
may be added that the duty on furniture and watches will
probably amount to 220,000 dollars.
in - - «
BRITISH COLONIAL POPULATION.
We lay before our readers the following extracts from
the latest official returns of population, ordered to be
printed by the House of Commons, July 12, 1812.
Governor Baines, of Dominica, reports, that on the 19th
of February, 1811, there were on the Island—
Slaves, 21,728
Whites, 1,325
Free persons of color, 2,988
Governor Bentinck, of Demerara, states the popula
tion of this Island to be—
Slaves, 71,180 j
Whites, 2,871 j
Free colored 2,980 i
In the Island of New Providence, one of the Bahama
Islands, the population was, December 13, 1310—
Whites,
1,720
Free blacks
565
Free colored,
5u9
Black Slaves,
1,044
Colored Slaves,
146
Foreigners,
100
Grand Total
6,034
St_ Vincent Island contains—
Whites,
827
Free colored,
646
Slaves,
22,020
The Grenadines contain—
Whites,
Free colored,
226
76
Slaves,
2.000
Bermuda contains—
Slaves,
4,794
\*'!iites,
4,755,
Surinam contains—
Whites,
3,029
Free colored and black.
3,0 75
Slaves,
53,935
Curraeoa contains—
Whites,
2,731
Free colored,
2,161
Free blacks,
1,872
Slaves colored.
690
Slaves black,
5)jv>6
Grenada contains—
Slaves,
29,331
Whites,
771
Free colored,
1,120
Martinique contains—
Slaves,
77,577
Whites,
9,2J6
Free colored,
8.60J
Thebirtlis in this island, in 1810, were—
Whites,
71
Slaves,
1,250
Free colored,
80
Berbice contains—
Whites,
550
Colored,
240
Blacks,
25,169
The slave population of Barbadoes exceeds 69,000;
tliat of Jamaica
30,568.
319,912; and of Antigua, in 1810,
amount of the accruing internal duties during the present
year.
There appears, however, to have been received by the
collectors, from this source, 3,800,000 dollars, which ex
ceeds by 1,300,000 dollars, the whole balance outstanding
on the 31st of December, 1815.
If this balance be deducted from 3,300,000 dollars,
which may be estimated as the probable amount of ac
cruing duties during this year to the present time, there
will remain 2,000,000 dollars for the whole amount that
has accrued and which has not been paid, which princi
pally consists of bonded duties not yet payable.
Of the direct tax there appears to have been received
by the collectors during the present year, the sum of
3,070,000 dollars, which taken from the amount out
standing the 31st of December, 1815, leaves the sum of
981,587 dollars, to be yet collected, which is in a state of
rapid collection.
The expenses of collection will be this year rather less
LONDON FASHIONS.
FROM I.k BELLE XSSEMBLEE FOR JULY.
British Walking Dress.—Round dress of line French
cambric; newly invented spencer of white satin and
spring green; cornette of fine lace under a white satin hat,
surrounded with three superb ostrich feathers of a cor
respondent color to the spencer. Parasol of blush co
lor, with boots of green kid and Limerick gloves.
Parisian Hats.—No. 1, represents straw hats, some
having colored silk crowns, some tied a la MarmoUe
with silk or lace half handkerchiefs or with ribband; all
ornamented with flowers of India corn and chicory, lilac
intermingled with roses, a full w reath of roses or vine
leaves mingled with sprigs of maiden hair. No. 2, re
presents the capote or morning bonnet, made of fine clear
muslin, ornamented with rich embroidery, fine lkce and
white ribband.
FROM XCKERMANw’s REPOSITORY OF FASHIONS.
Opera Dress.—This dress is composed of white lace,
and is worn over a rich soft wiiite satin slip. The skirt
is trimmed in a stile of peculiar elegance with laced fes
tooned at regular distances; the festoons are etlged by a
plain band of bias satin, and finished by pearl ornaments
of a very novel and pretty shape. The body, composed
also of lace, is cut bias, and is richly ornamented round
(he bosom with pointed Lee. Plain long sleeve, very full
► xcept towards the wrist, which is nearly tight to the
&
arm, and elegantly finished with lace. The hair, which
is ornamented only with a wreath of French roses, is
parted in front, and simply dressed in loose curls, which
fall very low on each'-side. Tlie hind hair forms a tuft
at-the back of the head. Necklace, ear-rings and brace
lets of pearl. White satin slippers, and white kid gloves.
A blush colored French silk scarf is thrown carelessly
over the shoulders.
♦ Morning Dress.—A round dress, composed of jaconet
muslin, finished round the bottom of tlie skirt by a deep
flounce of rich work scalloped at the edge, and a heading
to correspond. The body has a slight fullness behind.
The form of the front is extremely novel and pretty.
Plain long sleeve, finished at the wrist by a pink band
and bow. The cornette worn with this dress is of the
mob kind, and by much the moat becoming we have
ever seeru it is composed of white lace, anti tastefiUiy on
munented roses. Piak kid slippers, and white kid gloves
This dress is much approved by Min »f tmu for its
a
. . Frequently also a“ diadem
gated roses is displayed in front of the hat or J P nt '
poses of red roses and lillies. The manufacturer, £* m '
ever, begm to pLce the diadems or thick garlands
centre oi the hats a labor kale. 6 ^the
INDIA.
A serious affray has taken plane in India, between k-
majesty's 87th foot and the division of the honorabL^-T*
pany’s European regiment. Such had been the iealo,!?'
and ill will excited between the troops, that it was dew
mined to seperate them by sending away the 87th r ■
ment from its station at Berhampooret. The 11th of V
veftiber was appointed for that purpose, when the evenin'*'
before many privates of that corpse rushed out of thF
barracks, armed with naked bayonets, and a reguLr L T
tie ensued between them and the honorable comnanv’
European regiment. But for the timely and spirited j *
terference of their respective officers; the consequent ' '
might have been fatal) as it was, before they could be p /
ed, many men were severely and some dangero^
wpunded. An inquiry has been instituted to asceru;
the causes of this quarrel.
We regret to state that the above affair is not the 0 :
instance of refractory conduct of which our troops m i/
dia have been guilty. A letter from Bangalore s* c t "
pfif.e
utnee- ,
that some very unpleasant disturbances had taken
in his majesty’s 84th regiment, and in conseque
court martial had been instituted for the trial of e-i
the ringleaders, who, it was apprehended, would be
tally punished.—London paper.
Ignorance.—A London paper of the 20th of April i
a long article abusing the United States—but we notice^
only to shew the solid information those folks possess **
the condition of our country. Speaking of or.<T>f-|
reports of a committee of the house of represent atiu J ' e
manufactures, they say—'“TV new manufactori.,
hanks of the Mississippi find their brethren of Mnsinc’
setts will no longer buy their goods vo'uniariln, and'a"'
therefore petition congress to compel them to d~, so ” a /
manufactories oil tile Mississippi supply the peorte '
Massachusetts with woollen and cotton goods' If T
were to say tliat New- Castle Was s, .pplied with coals f- r , C
London, liow would these wise men laugh at \>.
they can do any Hung—make brigs of a peculiar const-/
tion to sail up the falls of Niagara/. 1 —Weekly Rfu
egincr.
MEMOR ABLE FACTS.
It is now < i covered and proved that the butcheL
and proscriptions committed on French republic- /
Robespierre, were caused bv tbe secret agency ■
emigrant royalists at Coblentz—Louis the eighteen*!, •••
ticulariy it is now known, and will ere long appear n
history, that many excesses of the French
, , , - . revolution
were produced by tlie emissaries and gold of England
in order to blacken the fame of a republic. y *'
per.
From the Richmond Compiler, .lutrust 22
DEGENERACY OR IMPROVEMENT! -
A wise man has said, tliat there is no opinion so ab-
surd but what has been advocated by some philosophers,
file abbe Raynal has verified tnis remark of Cicero, by
taking it into his head that human nature had degenerat
ed in America. x
ed in America.
The author of the Notes on
, •. , , . Virginia, has successfully
combatted the absurd proposition., by showing* the suve-
ral improvements which we bad made, and fumishin -- a
satisfactory reason tor our not equaling the Old World
in a few others.
Every day is exhibiting new proofs of the folly of the
abbe; and astonishing the natives of the old world by the
ingenuity of tlie new.
The United States have introduced a form of political
power, which permits man to enjoy happiness, without rt-
ducing him to the situation of a slave. Not a king, nor:
prince, nor a noble, crawls like a leach on the bouv p ; J
tic—yet have the inhabitants of the new world
rated! e ‘ '
We have formed a society, which permits man - , o
joy all the rights of conscience, without organiy. ; .
privileged priesthood to preach up the truths of re
gion—each man seeks God after his own manner, andw.
there is no want of a rational religion. This great -r-V;
of toleration, so consoling to the friends of hunutr.,
had been dreamed of by the philosophers of Europe, y-
is reduced to practice by the politicians of America—ul
yet man has degenerated in America.
The abbe Raynal has even insinuated that the pores
of multiplication are also weakened in America; that lou
was more indifferent, and its fruits “fewer anti far be
tween.” But some how or other, what with emigrations,
and what with marriages, we contrive to double ourpo-
illation in twenty or twenty-five years. A degree :
multiplication, wiiich astonishes the natives of tiic ok
world.
In martial achievements, by which we have bee;
brought fairly into contract and comparison with the £:•
ropeans, we have been able to st.-nd our ground
some success—the war was not apparently between -
race of giants and one of pygmies—but as our vanitv r.ii
whispered us, sometimes we conquered even tlie conau-.:-
ors of Europe. On the ocean, Our triumphs have bea
indisputable—not too over the degenerate natives ec
Spain, or the gallant sons of France; but the self-s:y!K
sovereigns of tlie seas. Our fir-built frigates, with the
calico sides and striped bits of bunting, have proved st-
perior to the Old English Live-Oak—and yet ttie ini.j
ants of the new w orld have sunk into a shameful dtp
neracy!
Our commerce spreads to every sea—as active ssri
Dutch commerce ever was at its "most fortunate pc-r.tc.
and much more daring—and yet we have degenerated
The natives of the old world have been the ft* to
muzzle the savages of Barbar;, and to teach justix »
. Ifrica—and yet the natives of America have suia Los
tiie st andard of the man of Europe!
We have presented him with the steam boat—vLcb is |
penetrating all his rivers and will gradually spreadovs
the civilized world—sixteen of them are already in tb |
Clyde—and wherever she goes, she carries with her the j
triumphs of American genius.
An old invention, which is now in familiar use with us,
is about to be introduced into Holland, and we susp«-
will gradually made its way over the rest of Euro? f j
We mean the invention of the decimal monev, wh:cr hi- I
ferson first brought into fashion—and w Iiich every tu- I
tion conversant with figures, will find it convenient I
employ - .
And yet the abbe Raynal has said that man ha* *?"' I
nerated in America!
With the intrepidity of thought and of entepr:- I
spired by a free government, our triumphs over the J* I
will daily - iilCrcase^LWe cannot excel in aii the sr " 5 i j
once. As the old w^ ing is, “Ro ve was nor buil r ij 1 1
day.” But there are many discoveries which he like I
in the flint—which tlie hardy spirit of American enter-1
prise will gradually strike out.
BRITISH COINS. I
Standard silver is now 5s. Ojrf. peroz. or 60».
lb. By the new coinage bill, government are to is»ae I
ver at 66s. per lb. or 5s. 6d above the present P nc \! j
sum more than sufficient to tempt the cupidity ot the cc- . I
erS! This wise measure, however, is to be attended *I
a declaration that gold is the sole standard tacssu"* J
value. It Seems to be supposed tliat the enunciate? I
abstract proposition, which in the present state of
nobody can possibly make sense of, w - ill have some I
gical effect in altering the intrinsic value of the P" |
metals. The nronosition. however, is iikelv to b et L
metals. The proposition, however, is likely ^
preterea nihil—for it is a little extraordinary - that t- l
ject of tlie act fixing this new standard is not
us with a perfect gold coinage, but with a
ver one.—London paper.
From the Ohio Moniter.
VERY SWIFT COMPOSITORS.
We mentioned in our paper, a few weeks since,
formance of a large day’s work by one of our appn Q , t
On Wednesday, tlie 24th ult. a younger lad, ^ |
wold, brother to one of the editors, comp 0 *. _ j
manuscript copy, 9,144 m’s, and on Friday
composed 12,000! This raised the ambition oi u: ;
whose day’s work we mentioned before,
he composed 13,032 m’s