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THE GEORGIAN.
joriYM. fuitXRr.
DAILY IUPLM, MONT DULL*!*—«OU#T«r PAMI,
riVf. HOLLAR* PEN AN*. PAVAOLK I* SWASH'S.
(Jj* 111 news a ml new mlvertisrmmts appear iu
hath flutter*—amt eleflt hv orilfr on hi,
t'ruhi the (w at tin (iuiette, puhliehed ni (ial/ifioht,
Ohio, hu . Mr. Joshua Cushing, formerly qf Sa
lem, . wutdrfatett*.
"DRKADFHL HAIM) TIMES.*
Yesterday I walk’d down* l<( that part of the
t«*\\ ||,
Where people collect at the sign of the Tun,
To itiACiih* and debate the great mat tent of Mate.
And show how tht things that go wrong should
be done:
There was ragged Sam Bent, who ia not worth
a cent,
There wn idle Dick Lawless, and noisy Jack
Grimes,
And swaggering Jim Hell who Una nothing to
■ell,
All corning the Banka, and these dreadful hard
times.
There was old daddy Slop, who has lost his last
• crop,
By neglecting to mend up some gaps in his
fence i
There was shabby Ned Thom, who had planted
his com,
But had never pot hoe, no, nor plough to it since*
There wan dashing Bill Stoughton, with hisfine
dandv mat on,
Who was ne’er out of debt, nor is worth twen
ty (lilllt'Sl *
They too join’d the throng, and still kept up
the song,
A cupr on the Banks, and these dreadful hard
times.
Next came in Dick Short, who was summon’d to
court,
Bor some hundreds of htlf pints of whiskey
and rum:
lie had brought the last sack of his grain on
Ida back.
Though liis children were crying with hunger
lit lloiue
Here, landlord, said Short, come, bring :ne a
quart*
t moat treat these my friends, sir, nnd merry
Jack GtlUirg;
I’ve the corn, sir, to pay, there's no hooking to*
tl'IVj
Then h<- fell to cursing ttie Bunks and hard
times.
Next came in Tom Saegoaut, who had lately
turn’d merchant,
And bought a full store, I ran scarcely tell host;
But this much I know, about twelve months ago,
Thttt the consMihJe sold at the post his lust cow;
Yet T 'um dash'd away, spending hundreds eacji
day,
Till his merchants brought suits for their dry
goods and wines; •
So Tom join’d the throng, and assisted thgsong,
With a ennw on these Hunks, and these dread
ful hard times.
Next appear'd Madatu Pride, (and a beau at her
side.)
With her silks spread with laces, quite down to
Iter trail;
Iter husband that day unable to pav
l*or the dresses hIic then wore, had been lock'd
up in jail;
She turn'd to the throng, M she tripp’d.it along.
And she' “hop’d that the met chants would swing
for such crimes •
Ah tn make people pay their old debts in this
wav.'*
And she curs'd all the Dnnks, and these dread
ful It uni times.
Now said I, Mr. Short, you are summon'd t<»
court,
And must soon go tojsil for these long whiskey
scores;
And you, Mr. Drew, aye, and von, sir, and vou,
Who arc hanging round taverns, and running
to stun s;
And you, Madam Grille, must vonr silks lav
aside,
And you, Mr. Idle, nnd vou, Mr. Grimes,
Must all to your labors, like some of your neigh
bins,
And ton'll soon put an end to these dreadful
hard times.
The following anecdote it from a journal dented to
the ludiri:
Thy history of Cimlordla has been renewed
one of the Iasi representations of
ily .Sicilian Vespers, a young woman lost one
.oi her shoes in the crowd, which was very great.
It wax picked up by a stranger who proved to
be a great admirer of pretty feet. Upon ex-
ambling the little diet’d truvre that chance had
thrown upon him, his imagination was excited,
And be resolved to become acquainted with the
owner, at all events. For several days, his re
searches were of no avail, but at last reflecting
tout the little, footed lady could not have return
ed home without a carriage; and that she had
perhupti taken a public one, he addressed hint
«elt tn all the coach drivers of that quarter in
•ncc. ssinn. From one of these men be learned
.that at the breaking up of the Odeon, a lady had
taken his carriage who coUld not walk, but he
was. ignorant whether the inability proceeded
Kont Tameness, or simply from being hearefoot.
Nothing more was iiooessav, to put our stranger
upon the. search for Miss D**\ who proved to
v* a pretty and clever shopkeeper of !.*• street.
Her little foot, examined more closely produce!
ed upon him so violent an eflect that notwith
standing the dtspropoKMvu of r,mk and fortune
he did tint hesitate to solicit her in marriage ol
her patents. As it may be imagined the otter
w.i-> accepted, tbe shop is already shut up, ami
the temple of H» men is to be opened in eight
da>s tor the young Baroness H,,„ whose pa
rents exclaim with groat nsivettc, “our daugh
ter lias done well in going to vespers '*
North Carolina Cotton Seed.
lid to 2Uii bushels of North Carolina Cotton
S -ed may be had of the subscribers, at cost and
charges.
R & J. Habersham.
March 13——i.
NATIONAL CURRENCY, fcc.
Report of the Secretary of Uu; Treasury, in obe.
- dienbr in a resolution of the Mouse of Itepre-
sentidiveg of 1st March, 1819, transiriitting
stnteihcnta in relation to the condition of the
Bank of the United States and its OAWs; al
so statements in relation to the «nattnn of
the different Chartered Banks, in the differ-
cut ftatus, and the District oi Columbia, Ikc.
[CONTINUED.])
The last member of the resolution *«.
autnnn, hy implication, the practicability
of substituting, by the constitutional ex*
erciae of the |k>M(erw of Congress, u paper
currency for that which* now
In cirisidcring this proposition, the pow
er of Congress over the currency of the
Haifad States cannot, consistently with
the respect which ia due to that hotly, be
eithfcr affirmed or denied. It cannot be
&up;m*ed that the lions* of Representa
tives, ift adopting the resolution in ques-
tlon, intended, through the agency of an
executive department of the government
to institute an enquiry as to the extent
of the constitutional authority of a body,
of which it ia only a constituent member.
Yet it will necessarily occur to the House,
that, if the power of Congress over the
currency is not ahsnlutidy sovereign, the
inquiry, whatever may be its immediate
result, must be without any ultimate u
tility. The general prosperity will nht
be advanced, bv demonstrating that the e
ia no intrinsic obstacle to the substUufi n
of a for paper metallic currency if the po -
er Id adopt the substitute hay been wit -
held from the Federal government. Wit -
out offering an opinion upon the weig t
to which these views would 'haVe hern e -
titled, had they been urged w fills.' tl *
resolution was under consideration, it *
admitted Hint they furnish no ground f< -
declining the performance of the fluty ini
posed by its adoption. In the drsenssim
of a question of so much delicacy ami imV
porfance, the utmost confidence is repol
aed ,iu the justice and liberality of thosq
who have rendered it indispensable. j
At the threshold of this enquiry, it ig
proper to observe', that it is deemed un
necessary to present an analysis of the
motives which led, even in the most re
mote antiquity, to the general adoption,
by civilized sfn'es, of gold and silver ns
the standard Of value; or, of the advan
tages which have resulted from that adop*
lion. The circumstance, to which, in
the course of this-investigation, it will be
necessary to advert, is the tendency
which a metallic currency has to preserve
a greater uniformity of vtiltie, than any
other commodity; and, the facility with
which it returns to that value, whenever,
by nny temporary causes, that uniformity
has been interrupted. No Argument wiM
in this place, be offered in support of this
proposition. It is founded in the expe
rience of all nations. Its truth, for the
present, will therefore be assumed. B it
the proposition iiaelfadmila that gold ami
silver, when employed, by the consent of
all civilized states/ ns the standard of va
lue, are subject to temporary variations
of value. It is equally true, that they
are subject to permanent variations: The
cause and effect of th u se changes will he
considered previously-to the discussion
of the practicability of substituting a pa
per for n metallic .currency.
1st. When, by ,:nv circumstance what
soever, a portion of these metals is found
in a particular state, than is possessed bv
other states, having articles of equal val
ue to he exchanged, they will in stlrh state
he of less value than in the adjacent
states. This will be manifested by an
increase in the price of the commodities
of such state. This increase of price will
continue until the metallic redundancy is'
exported, or converted into manufactures.
Whenever this redundancy is disposed of,
the currency will return to its formei va-
Ityr; and (lie .price of other commodities
will be regulated by that value.
2d. But the exportation of specie mav
take place where is no such redundancy.
This occurs whenever the, general balance
of trade continues, for some time, unfa
vorable to a particular state. 'Hie cur
rency then appreciates in value; and the
price will fall; or, what amounts to the (that the interest of money will fall, whilst of ffotne interest. We learn that a dev
same tiling, the price of all exchangeable j the cry qt a scarcity of money will be in- cree has been issued by Ferdinand, allow*
article* will rise. It Has been admitted ressaqt. Under such circumstances, loans ing the Spanish troops who hail orders to
bv all intelligent writer* upon this sub- will not be required, except to meet debts proceed to South America, to remain in
joci, that, immediately after the discove- j of immediate urgejicy, none will be de*
ry of America, towards the close of the! mandril for the prosecution of enterprises
fifteenth century, a snddeu and extensive j by which the productive energies of the
depreciation in the value of tfieffc metals j community will be increased,
occurred, and that, from that time, toth- A* ih* moaauee® which have been adopt-
c lose of the eighteenth century; they coh-'ed by England, and several of the conti-
tinued gradually to depreciate. Tliis de- n*nfaj states of Europe, for returning to a
prcciatiou, it is believed, has been accel-1 metallic currency, advance the interest of
crated during the last century, as much those states, which haVo adhered to it,
by the substitution of paper for specie, as j will be affected. Whilst gold and silver
by the increase of tbe quantity of those! were, ir. their former states, dispensed
metals during that period, beyond the: with as coin, they were sought for merely
demand which would have existed for them I ns commodities. The quantity necessary
a** currency, had that substitution not for their iMipifnctures was readily obtain-
taken place. The precise effect upon the! ed, without deranging, in any serious de-
depredation of these metals, produced bv j groe, the currency of other states,
the partial Substitution of paper, in vari- It has been estimated, that, from eighty
ous countries, for a metallic currency, • to one hundred and twenty millions of
will not now be inquired into; but it is j dollars were necessary to England. Tuk-
■“■I-* At “ A aL ~ j j n yr t |ie mean sum, anil admitting that the
other European states engaged in the same
effort require an equal amount, a supply
x>f two huudredmiilUuns of dollars is ne
cessary. 'Fite commencement of the mea
sures necessary to. obtain that portion of
this sum which cannot, in a short time, be
d.iawn from the annual product of the
mines, may not be immediately felt by
other states. But, when these measure-
approach their completion; when a large
quantity ot gold anil silver is necessarily
withdrawn from the currency of other
slates, the price of specie will, in the lat
ter, appreciate, and the price of all com
modities will decline. All the evils inci
dent to an appreciating currency will be
felt in those states, though in a less degree
than where a- paper currency had been
exclusively adopted. The example pr -
sented by the return to a metallic cur
rency in France, even in the midst of a re
volution, which probably had some influ
ence upon the decision of this question
by other states,.is believed to be, in no
degree, analogous in its principle circum
stances. At the precise period that this
change was operating, England, and,the
principal continental states, abandoned
the precious metals as currency. The
supply demanded by France was not only
at hand, but was seeking the very em
ployment which that change had made in
dispensable. At the same time, immense
sums were brought into France bv her
conquering nrmies, which, being raised by
military contributions, had, in some de
gree, rendered a report to paper currency
in the invaded states, necessary. At pre
sent tf)e civilized world is at peace, and
each state is endeavoring, by systematic
measures, to secure to itself a jus* partici
pation of the benefits of equal and reci
procal commerce. The states which are
now attempting to return to a metallic
currency, will find much greater difficul
ty in effecting this change than was expe
rienced by France.
The demand lor gold and silver, nn the
medium of exchange, capnut be supplied
until the price of all exchangeable arti
cles has fallen in proportion to the reduc
tion of the Currency, which abandonment
of paper must produce. It is even pro
bable, as has been before suggested, that,
alter the price of commodities and ofla-
bor shall have fallen, so as to b«*ar a just
proportion to the errenev which is to he
employed in effecting the necessary ex
generally conceded, that the depreciation
has been more rapid since that substitu
tion, than at any former period; except
when the accumulated stock of ages in the.
new world, was brought into Christen
dom, and thence distributed into every
other region were gold and silver were in
demand. Since the clone of the last cen
tury, doubts have existed, whether those
metals, even when employed as currency,
have not appreciated in value; nnd it is
contended, by the advocrfies of a paper
currency, that this appreciation will pro
bably continue through a long succession
of years, and seriously affect, all the ope
ra.ions of the civilized world. It is main
tained by these writers, that the demand
for currency, at present, throughout the
the world, is greater than the supply
which the existing quantity of the pre
cions metals will afford, without material
ly depressing the price of all the objects
«f human industry and human desires.
When it is recollected that production is
regulated by demand, and that both are
ilirectly affected by the quantity of cur
rency compared with the quantity of ar
te lew to he exchanged; it is readily per-
coved, that an increase in the currency
rtf the world by the substitution of paper,
,ven when convertible into coin, willen- :
rcase the quantity of exchangeable com-
mdlties in the world beyond what would
ave existed had sucS increase of curren-
v not taken place. Under such circum-
j nnr.es, a sudden reduction of the enr-
i ncy, hy the rejection of the paper which
litd been employed, could not fail tu'.le-
ruige all the relations of society, by di
finishing the quantity of currency, whilst
’ f, articles to be exchanged through its
latency would suffer no such diminution.
i An immediate depression in the price
pi all commodities would be the inevitable
Consequence of an unqualified return tna
lietiiJlic currency, upon the supposition
pat the quantity of gold and silver, an-
IuhIIv produced, should remain uudimi-
pished. But, if this return to a metallic
Cirmiry should be attempted at a period
w hen tlit* annual product of these metals,
either from temporary or permanent
causes, should have conMderablv decreas
ed, all the great interests of society would
bo most seriously disordered, property of
every description would rapidk fall in va
lue; the relations between debtor and cre
ditor would be violently aud .suddenly
changed.
Tliis change would be greatly to'the
injury of the debtor; the property, which
would he necessary to discharge his debts
would exceed that which he had received
from his creditor; the one would be ruin
ed wifhnutthe imputation of crime, whilst
the other would be enriched without the
semblsnce. of merit. Until the engage
ments existing at the moment of such a
change are discharged, and the price of
labor and of commodities is reduced to
the. proportion which it must bear to the
quantity of currency employed as the me
dium of their exchange, enterprise of ev
ery kind will be repressed, nnd misery
nnd distress universally prevail. When
tliis shall be effected, the relations of so
ciety, round ml upon a new basis, will l>e
equitable and just, and tend to promote
price of all other commodities in such j anr * secure ^ general prosperity,
state is diminished. As commerce is no- Such, it is contended by the advocates
thing move than the exchange of eqniva-|of a paper currency, are the circumstau-
'ents; the reduction in tin* price of the ccs under which the principle stales r
Valuable Property.
8AI.K, that eligibly snouted Dwelling,
:u present occupied In \lr .1 F Henry, situ-
sied in South ltr<>ud Street, built of brick, with
every convenience suited to u lora family, with
•n nninproved l.ot adjoining the same—its vi-
ciiuty to tbe new nmkut renders the whole
property very valuable Also, tile western
Tenement House, in Rrougliton street, udjoin-
mg the residence, of Wro. Gaston, fcsu. with
Several valuable N. ^roea.
F.irieniis, wliich will be nude accommoda
ting to an apfi,o\K‘d purchaser, appl\ either to
*lr. Henry, or the subscribe. .
March 14—ru
David Leon.
lUticlM of such shito, and the incren.ed
value nf the currency, "-ill promptly pro
duce a reaction; and gold nod silver will
soon return in the quniititics required to
reduce their v.dm 1 to that which they
maintain in the ndjncenl states. With
the return ol specie, all other articles will
return to the prices which they cnmuian-
ded before its exportation, tike fluids,
the precious metals; so lull- us thev are
employed as the general measure of value
will constantly fend to preserve a com
mon level. Every variation from it will
be promptly corrected, without the inter
vention of human laws. These fluctua
tions, beinp; temporary in their nature,
are wholly independent of the permanent
rause. Which may a fleet the value of gold
and silver, when employed as the general
standard of value. They will equally oc
cur, whether the quantity of these metals
compared with the exchanges which they
are destined to eflect, the redundant or
deficient. The limits, however, within
which these fluctuations are confined, are
so contracted, that the great interests of
society cannot be seriously affected bv
them. But this observation must be un
derstood to apply to a currency purely
metalic, or, at lea»i, when the paper
which ia coonecteil with it docs not ex
ceed the demand forthe convenient trans
mission of money:
3d. Gold and’ Silver, when employed
by the common consent of nutious as the
standard of value, are auhject to varia
tion* in value from permnuent causes.
When their quantity is iii«reaaed more
japidly than the articles which are to he
exchanged through their agency, their
Europe are endeavoring to return to a
metallic carrencv. For a century past,
the currency of those states has been
greatly increased by the employment of
paper, fouoded.it is tree,originally upon
a inetaMic basis. During ’he lust twenty
Spain under the pretext of ill health; but,
on their retiring, no pay whatever will bn
given them, and they are instructed tn
hold themselves in readiness to nliey the
command of thy Kino, ihould he in future
require their services. By the adoption
nf this measure, it ia expected that dep- -'
dance may be placed on euch forces as the
Spanish Government may hereafter deem
it expedient to transport to South Ameri-
ca.
fn consequence of the continuance of
insubordination in the army, the commu
nication between the north and sonth of
Spain >yas suspended up to the 21st of last
iminlit. It was expected that by the 18th
or 20th the forces under General Frcyre
and O’Donnell would have been so murlq
increased, that an attack would be rnado
immediately nn the disaffected troops col
lected in the Islade Leon. According.to
a letter which we have seen from Malaga
this morning, the latter did smt exceed
iOOO men; but from the tgnour of those
from Gibraltar and cadi*, tncre is reason
tn suppose that they certtunly'amouuted to
7,non or 8,000.
On Thursday, in the Bail Court of the
King's Bench, Mr.Wm, Cnhbett, jun.atid
Mr. Francis Edwards, carpenter, wore
accepted, after an ineffectual opposition
to the former by Mr. Chitty, as bail for
Mr. Cnhbett, Sen. in the acti'.n commen
ced against him by Mr. Cleary.
l'V6ninr;/,'B.
The King's ffenffo—Sir Mathew Tib
erney returned to town,from Brighton liist
night, and attended thh King at his Pal
ace in Pall-malt (his morning, and after
consulting wiih the other Physicians, the
following gratifying Bulletin was issued;
-CARLTON PALACE,
F-h. 8, hnlf.pml h, .I.M.
“The King.has passed another good
night, and is losing every symptom of hit
complaint gradually.
(Signed) Hfxkt Haixoud,
Wm. K.viohton,
Mathkw J. Tiernev.’’
Under these highly favorable circum
stances, it is probable the daily Bulletin
of his Majesty’s health will be soon dis
continued.
[11 was expected.that the great loss of
blood which he had experienced, ami the
other debilitating remedies which the na
ture of his complaint required, would pre
vent him, Sir some time, from entering up
on his olHcial duties.] '.
He regret to find, bv the Irish Pipers
received this morning, Mist the disturlnn-
ceo.it> the country .of Gnlwav still contin
ue. M'e trust, liovvdycr, the energy, of
the Vicc-llcg.il Government, aided hv the
zeid nnd vigor of the Local Magistrates,
will he sufficient to prevent this unquiet
spirit, from bursting forth into any serious
act of disaffection. The following extract
of letter, dated Westport, county, of
Mayo, January 31, is written, however,
til the language of strong apprehensions.
“I am sorry to tell vou, that the state
county is very bn,d. The countv of Mayo
itself, is, ah yet, quiet; hot we arc surroun
ded on everv side hy disaffection aud dis
loyalty. It is said English agents are ill
the neighborhood, nnd that it is they who .
changes that the curreocy w.il continue k w . „ cit ,, (|all . t Ue<Hntmhancos. (don’t
erudually to appreciate. 1 Ins. however, know . if , hU bc „ ue . 1)Ut , ain t(raid b(lJ
'* "»> <■>• conjecture. 1 depend- entirely, (imeB ar( , cwnill r
opon the fact, whether the annual produce VV e ta morn ;
of the mines, utter urn,shmg the qnan p.. lpe r, ot Saturday; but we have looked
ty necessary lor the consnmpt.on of the jnfo vai ;mv ri
precous metals tn martufactnres, »,II he iti „ ,| c t ail8 respecting the Spanish insur-
e'. 1 "I ’ 1 h. "r a *7 ' ,fi ' PamIf 'V" r 'Section. Their absence, however, is sup.
changeable “omZli’ies 'ilmmghm"t “j| wl 'i^ important in-
worUl The great advancement in the&£ Tjt
a t and scumces- he rap'd tinprovement res4lttce , „f ,| le Insurgents are represent-
I«» »* extremely insignificant, while the
st*nt as;e, acting through a Iona: succession
of ages, cannot fail to augment, in an as
tonishing degree, all the products of hu
man industry.
( To be Continued.J
Ytmtign.
[By the ship Meteor, arrived at Charleston.]
DECLARATION
0/ ffis Majesty Grorj e the Fourth, in Council,
“ I have dii’ccletl that you should he assem
bled lure in order that I may discharge the pain
ful duty of announcing to you the death of my
beloved Farther
It is impossible for me adequately to ex
press the state of my feelings upon this melan-
years, this paper hase-ased to he roarer-!
tiWe tnto spnmr, ami, as no systematic) h 8 Majesty has been amictulfor so manv rears,
effort has been made to prevent excessive has never effaced from the minds of his subjects
issues,it has heroine redundant, and, con- i the impressions created by his iua iv virtues; and
rquontlv, depreciated. Notwithstand-i I 1 ’® 1 eXAm l^ c l . v J ri *l, persuaded, live forever
ing this depreciation, the productions of
those countries, it ia believed, have mot e
rapidly increased, than those of other coun
tries where a metallic currency has been
preserved. The first efforts that are seri
ously made hy those states to retain n me
tallic currency, will be the repression of
enterprise of every description among
themselves. It will be foreseen that the
currency must appreciate, and that all
other articles must depreciate in value.—
fiie efforts of this appreciation of money 1
will be first manifested in those states, by
the fall of the price of all articles w hich
cannot he exported. In the progress of
these measures, the price of the exporta
ble articles will also be affected, by the
reduction in the currency employed in ef
fecting their exchange. It Is even proba
ble that the quantity of exchangable arti
cles will be diminished. W hilst the ap
preciation of the currency is perceptibly
advancing, the manufacturer will not ha
zard his capital in producing articles the
price, of which is rapidly declining. The
merchant will abstain from purchasing,
under the apprehension of a further re
duction of price, and of the diUicnltv of
re-veuding at a profit. It is eveu probable
in the givaiful icmembnmce ot his country.
“Called upon inconsequence oHua Majesty’s
Indisposition, to exercise the prerogatives of the
Grown on bis behalf, it was the fivut wish of my
heart to be allowed to restore iii'.o;his hands the
powers with which l w as entrusted. It has pleas
ed Almighty God to determine otherwise; und l
have not been insensible to the advantages
which 1 have derived from administring, in my
dear Father's name, the Government of this
realm.
“That support which I have received from
parliament and tile country, in times the most
eventful, aud under the most arduous circum
stances, coulcl alone inspire me with that con
fidence which my present station demands.
“The experience of the past will, 1 trust, sat
isfy all classes of my people that it will be mv
most anxious endeavor, to promote their pros
perity and happiness, and to maintain unimpair
ed the religion, laws, aud liberties of the king
dom
The Oath of Allegiance to the new. King had
been administered in Parliament.
London, February 5.
His Majesty's ship Jluchtfovt has arri
ved at Portsmouth, after a quick passage
trom the Mediterranean. The accounts
i by her from Gibraltar are some (lavs later
than those received through France, but
they have not yet reached town. By an
other conveyance, however, we have recei
ved some further intelligence from Spain
preparations made to opjmse thtm are up
on a most extensive scale. This would
surely indicate that the former are neither
few nor feeble. We find, also, that not
withstanding the magnitude of those pre
parations, and their alleged completion,
even, no attempt has been made to bring
the Rebels to an action, and thus decide
the struggle, nr, at least, its character.—
Could this be the case, if the Insurgents
were so contemptible, in point of strength,
as has been represented? Orders, .too,
have been given tn call out the militia in
several of (he provinces. Whv? Are flm
Royal troops insufficient to cope with the
Rebels, or is more reliance placed upon
the fidelity of the militia than upon tbe
regulars? Add to nil these circumstance*
the facts, that bv some mentis or other*
the insurgmnts have maintained them
selves for three weeks, and probably
more, against the King’s authority; that
they have captured a strong post, the ma
rine arsnal of ('nraeon, together with a W
gun ship, a frigate, and several gun-boats;
lastly, that Cadiz itself is, in n manner,
blockaded by them; and we think it will
not J;e a rash canjeelure, to suppose that
the insurrection is something more than a
mere nef of military disobedience.
From the extracts subsequently given
from the French journals, it will be seen
that a report *vas prevalent on the Ex
change, at Paris of Friday, that Cadiz had
at last opened its gates til the insurgents.
The report is rendered the more probable
from the tenor of a proclamation, issued
by the governor on the 11th ult. which
shews every clearly, that the inhabitant®
had begun to he-stir themselves about the
about the probable consequences of hol
ding out any longer against the imposing
force at their gates; and that, in'fact,
the question of a surrender bad'been
agitated in terms wore or less precise, be
tween them aud the Governor.—His Ex
cellency asks, «if they can doubt nny
longer what are their duties*?” If «t|, e r
arestil lafraid that a small number of mis
guided people Cau obtain a viumplrf’Nkc,