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t:ftVta*ei nitiffffiff be
ayddcd. Will not ? millions taken out
ojf circulation be miffed ? Muff not
quantity make up'for quality ? And
can any one bit so ignorant to fuppofe*
that destroying two thirds of it will rstife
the remaining third to the full .value of
the whole ? Btit, supposing such ft sum
is a<ff ualJy railed and remitted, will not
the very remittance defeat the intention?
Wilt not the import of 60 millions of
dollars to Philadelphia at at
lcaft in a Ihort fpacc of time, cause such
an inundation and’ superabundance as
will utterly fink its Value and irritated
the disease beyond all hope of recove
ry, and after all diminith neither prin
cipal nor interest, bur only anfwCr a
present purpose Nay, since the de
mand of these fixity trillions was made,
it is evident that sixty millions mu ft fall
juff as much Ihortof the Turn they thin
wanted as the price of goods Jtnct. that
demand has been encrealed,and the mo
ney depreciated. How are the States
to support Congress, if, in one Tingle
-year, they require nearly one third of
all the money emitted, or to be emit
ted, and, by this immense sum, do not
diicnarge a farthing of their national?
debt or local expenccs ? Let every read
er “how judge what is to be expefted
from Continental taxes. V
Virtue may perhaps do more than
law, and loans be produftive of greater
sums than taxes. There has been
more lent to Congress upon interest than
paid from duty, from loans therefore
Congress- indulge great expectations.
If we may judge of the future from the
past, too litjjje cannot be looked sos
from foreigners j if they did notchoofe
to venture their money in the flocks be
fore the American currency nit depre
ciated, it can hardly be supposed they
will do it afifrr Ccngrefs has moft pub
licity avowed the depreciation. But,
supposing the nation's of the earth “ who
“ admire and almojt adore the fpkndour of
* “ Americanriftng ” were to trull America
with one million of their specie, pay
able with interest in one year, the Con
gress, not having any coin of their
own, nor any foreign coin at command,
must either fail.in payment and pro
mise, or fell fome part of America to
foreigners at what they could get, or
at least for specie among themselves,
how much would uncultivated land
fetch upon fuclv-td'Fms ? This is one of
the resources boasted of; bur, if the
lands still claimed by Indians are
included, the endless millions of acres
Congress boasts of will be greatly re
duced. How much would a foreign
ftoqk-jobber advance upon a mortgage
of two hundred millions of acres .be
tween the mountains and California ?
How many thousand ftuivers will
the Dutch give in exchange for a mil
lion of continental dollars, when it is
known that fifty American dollars have
months ago been given for one silver
one at St. Euftatia ? V
’ Such if the Opinion of foreigners of
continental stocks and money, a Com
mittee at Philadelphia itfclf, in a newf
papef of September io, thus declares
their ovm t “ We ore by ne means fatif
“ fied that the public funds , on their pre-
sent footings err} Nrty benefit to the Unit
“ ed neithtr are we of opinion that
.* V ‘ if >
n ‘theborr owing \cr lending) pCpttmoniy as the ~eri
-11 Ait ofpaper ctrtipcatts is am thgiblt Jyftem offtnan
** cts. As ta the fslidi.y of site funds, and secu
rity ta ItndtH, the unanimous declaration of Con‘
Sasic, tinder the hand of their Prefidenr, ought to
• of desifive an>horityY * The complaints,” fay
they, “ ts ruined widows, end tit cries of lbs father
u UJs children wbofefupport has been put tntoyour hands,
** (. e. in your T AND MELTED AITAY)
ti have doublltfs reached you, take care thy afeend no
** higher.” After such a declaration, ‘At hard to
fay vthfe boldncf* it moft to be admired, hit that
Undo, or theirt who insist men are not virtuous that
wilt not lend under Would yon
have proof that, ‘were it pcfiible to obtain money by
loarit, the end wcUld still be unar.fwered, hear tht
opinion of the Philadelphia Committee) they flatly
declare against it, “ betaufe,” fay they, •* the conn
“ try ii thereby buribened with an ini erefl offix per
** cent* •without receiving a proportionate advantage
“ therefrom, because an emi/fion of certificates is as
“ much an emission of money as if the fame quantity bad
** been firuck in doUars, therefore the fix per cent, is
“ paid for nothing, and thefamelurk •which the certi
“ fie aits represent might as •well bavefietn ft ruck in
” dollars •without interest as in certificates •with it j for
** on a full confederation of the case vie have numerous
“ reasons to believe, that the sums which have been
“ borrowed by l mgre/s, and represented a fecund time
“ in certificates, and thofie certificates negociated in
“ payments, add as much to the quantity of money in
“ circulation as if the fame sum bad been firuck which
“ bets been borrowed. Neither do vee conceive it sos.
“ fible that the quantity of dollars which have been e
” mitted fbeuld be a /efficient supply, considering tbi
“ present amaxing high prices , were not feme other
“ jfiecits of money circulating in large payments ; and
“ tberifere the importer, by changing bis dollars into
“ certificates, and trading with thofie certificates, in
“ the Jamt manner he would with the dollars, receive(
** the farni mercantile advantages under one flape ms
“ another , and an interest of fix per cent, into the bar,
• **- gain, which we conceive to be a mode of funding
“ and financing the country will not be able to bear.
On wbtmfoever these citation* ate forcible he must
also be-c evinced -that new emissions are the only re
f orce lift unto Corgrcf ; and what opinion Con
ge. fi ‘.hero(elves have of this remedy it plain front
their resolution : ** We are to inform you, that, on
“ September t ft, we refilved, that we would, on no
“ account wfiatfoevtr, emit more bills of credit than
“ to make the whole amount of such bills a00,000,000
“ dollars, and Us the sum emitted and in circulation is
“ 159,948,880, tkefum of 4.0,851,730 dollars remain
“to complect that sum ; and on September wefur
** tber refolVtd, that we would emit fueb part of
ty 40,851 730 only* as fbsuld be nectffary for publick
“ exigencies, before adcquatdfkpplus could be obtain
“ ed, relying for such /applies on the exertions of the
** states.”
. This is a f-ycetener meant te cotnpofe such who are
fei fiK'e that a continuance of emiflions must infallib
ly end in the totaL ruin of individuals, as well as tht
dates. To wbomfecrer this can give any ease or
hope let him tdke it, but maik the dilemma, v'a,
40,000,000 more, i. e. two thirds of the expence of
tbs present year, iruft .end either (he cause or tht
war, of the Ctngrefs must bleak through this fclemn
resolution 5 if they do, little stress will be laid o*i
thrir future declarations, however folcmnly made;
acd after the brealn of luch a resolution, every mil
lion they iff ie can only operate as a poifonagainft all
the millioßS ifiued and fink their credit so
much the more rapidly, as the people will then fee
that the publick faith, in issuing, and premifingnot
to iffu: any more, is exa&!y of the fame complexion.
That the peopfe are aware of this, and even begin to
d~clare, it evident from the printed declaration of
(he Philadelphia Committee September to h, a few
‘days after this resolution was made and published :
“ We wifib the memorialifts to. know, that if the value
“ of the money fbould be still farther impaired by an
“ advance op prices, it Jccms to us reafsnable to ap
“ prebend that it will scarcely be worth the redeeming,
“ and that the eafiefi, tbeofeft, and moft expeditious
“ method, to fink it, will be for every man to consent
“ to loft that portion ts it which he possesses, whether
“ in bills or Loan Office certificates ; for we are fret
“ to declare, that the late depreciatedfate of the cur-
Ji rency has introduced such a pra£Uce of /peculating
*f upon its Jfeture probable value as is not only difre
** putable to the national char abler of the country, but
“ dangerous to her real and publick interest, and that
“ unUft the value of it can be so fmpported as to become
11 of equal and univtrfal advantage to the community,
•* it bad better not be fupporttd at all” And turthci i
“ But this is nit all 1 We cannot go on with the eur
“ rency if the rife of prices is to continue. Every cal
“ eolation for the maintenance of the army and of go ■
K vernment is unhinged thereby. Had wXyio army,
** no gsawrgment expenses to support, the cmiffipns
“ Height flop there was money in the Treasury
” or net, but ibis not being the case, and the daily de-
•* mauds for mibey being incieafed by the advance of
** prices, the emissions are thereby unavoidably forced
” on, and as Jeon as they ate out in circulation are as
“ tnftantfy /wallowed up by the new inertafe of prices
** Which fuecetd them.”
It it well known Uow rapidly and irrltiievably pa
per fqr.k dace the calling.in es two emifiicnr.
Thaufar.dk and thou lands now lie with poor people
who could net bring it in in time, and it may he
preu.&eJ, without a fpiiit cf prophecy, that a total
Annihilation mbft come ?n much qu cker than ever
diJ the 1 rofcff and and avoweJ depreciation. When
oncc.tbs feurce is ftopt the ftrttrcs out cesfe. If
he m:'r? tnrrey *j ifruo J, anJ Ijams *nd laffc* clanot
aofwcr the daily oecafioinl and hscreafiog demand,
this mu ft brisg on iloppag if ©a tb#
fir it Mow given to America or her confederate, tel
credit will be (taken te the quick) but the hare con-j
tinuance of emiffioas, without any thing done by the
Si iuflt army or navy, e'er long mud caule itsiutterly fa
fail. In an ioftant yublick credit and confidence may”
be at attend. Those ilia: have large furre on hand, or
in tbe Treafnry, will endeaveur to get t id of it at any
rate, and thing, tbe alarm will become geaefi|
none will be willing to Tel! or give any tkiag for waste
paper) feelings will open the eyes of an unhappy de-
and, as the Congrcfs jullly •bferves,
“** tbrmmtnty will remain zvitb them j” none will covet,
every one will ihun it) the (heck will be nnivcffal,
and though it will sffeil fleet aad army fiift, yet it
will extend ft far and quick, that Congreft, their
Independency, and all thtir beads, riehet, finances,
cadi, ad rtfourcte, like the bafeleis ruins of a wretch
ed buildup will net leave a wreck When
a people have once turned all their fubfiance Into
paper, aod nett game that paper ia-and out of each
others hands by fpcculatior, an aniverfal stoppage of
the circulation of blood, and of every vital power,
it not afurer (ymptosa of det'h, than ihefe two tbingi
of the nearntfs of the dissolution cf fnch a fate, and
the total rain cf individuals. Tee late, ‘tie feared,
will and for ever will others repent of their
phrenfy. MON QUIS SED QUID.
&*****
/iN^X/fN/TN/lSirlSdfX/IN/
WHEREAS the Triafof several Bill* of
Indiflcncnt, found at this Sefßone, have,
with the consent of the Attorney. Genera), and
aifo of the Defendants aad their Council, been
put elf'until the second Tuesday in January
next, NOTICE is therefore hereby given to
Frederick Fahro, of Savannah, blacksmith f
‘<• Thcaaas Dowle, cf White*Bluff, planter;
Nicholas Hainer, of Christ-Church parish,
planter;
Joseph Rayne;, of Chrid*Church parish, ,
planter;
Thomas Mills, of Savannah, merchant;
Robert Harrison, of Savannah, dealer;
John Ritter, of St. Matthew's parish, plan*
Abraham Gable, of Savannah, carpenter;
Jacob Thiels, of Christ-Church parish, plan
et;
Sinclair Waters, of Savannah, Haymaker;
James Gallache, of Christ-Church parish,
planter;
Philip Snider, of St. Matthew's pirlfh, plan
ter ;
John HieQer, 6f St. Matthew's parish, fhoe
mfflrer;
David-Moses Vallaton, of Savannah, cord
“ wainer;
Humphry Harris, of Chrifl-ChurCh parish,
planter J ‘ “ \
V/illif m Watt, of Savannah, watchmaker j
James Fulford, of Savannah, fhocmaksr ;
Nathaniel Polhill, of St. Matthew** parish,
’ planter;
Smith Clarendon, of Savannah, baker ;
Isaac Baillou, of Chi ill- Church parifli, plan
ter; ‘ ,
David of Savannah, merchant;
John Storr, of Savannah, merchant;
Herman Herfon, of Savannah, carpenter;
Samuel Douglass, of Christ-Church pari lb,
planter;
James Graham, of Savannah, merchant;
Adrian Loyer, of Savannah, gunfimith ;
John Cates, of Christ-Church parish, pl*n
ter;
Peter Blytb, of Chtift-Chnrch parish, plas
ter ;
Pat id Johcftcn, of Christ-Church parish,
planter;
Phtlip Yorgc, jpf Skidaway, Esq;
James Johntion, cf Savannah, printer ;
James Hcrriet, nf Savannah, coeper;
Matthias Afti, of Savarndh, tavemkeeper;
Denys Myhony, of Savannah, taVernkeeper;
Thomas Rird, cf Sarani/sh, merchant;
Thomas Polhill, of St. Matthew** parish,
planter ;
Who were drawn by ballot to *6l as
Jurors at this prefect Seflions, That, Briefs
they appear a: the Adjsurnmentof the Sefuons,
to be h-.lden at Savannah on the fair! second
Tuesday in January nr.xt, at ten o'clock in
forenoon of the fame day, then and there to uy
thc-fcvcrcl ladi&ments afoxcf-id, they wUfoe
fined according to law.
By the Court,
JOHN SIMPSON, P. k C. Cc
Savannah, the 23d day of 7
December, 1779. J •
Printed by JAMES JOHNSTON.