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BANKRUPTCY ttf Gr E AT-BRITAIN
VV. ‘a ■ perf ctlv aware that anv
rj fi in n of the b kruptcy of G.
J’ ioil -, “ill n r ex:i t very agree
able fei.fation* in m ny of ( ur mer
r;a rJr fr en s F w art in
deed, who w :Jb to hr informed t the
t vii.s and uilaft c* w i loh awa:t them.
Of laoet runts corom- rce has been
a per It-ft .o terv, aid lorn*- of the
gr#-* •ft bio k:irads have made the
fa . fl v nun-*, by commrrc-al o
p aric-ns founded ujnn no rational
data. Lu’ ka and t han e have been
the rde of the day, a.l the man
v ho i;p n rational calculation, an—
ti'inat s ru ; n before iu approach,
is f onfidcred a perftft quiz.
N >w, although the perions who
hold this and ftrine of n m-cal- ulati •
on and n r n-anticipanoii, may fid
fed very happy in their own m;nd3,
and may a q i re the reputation of
having g y eat nerves , we cannot be
prriua *d to depart entirely from
this f ft hi if “the mother country 3*
, —AV d> neref re certainly mink,
-tha’ ir nerrantilr friends -tight to
‘{calculate —they ough to rndtavor
To dd*’ v- r wii"th< r or not a certain
c nmod *v is wanted in a certain
mark , before they fend that cnjyi
rii >cl ty lo t:iar market. When
the re ab >ut to fell an am le of
ine c- ar.wize, they ought if poffible
t know that the purchaftr 15 in
invent circ imftanres, and able
pay for ir—and ag\ n, if they have
m ’iitv to pia e, they vug.it, if they
can, t > altrrtain tiie loin fv of the
pun haf >• ( r the bank*r, in whole
s they propolis to lodge it.
li th ft pi autffns a.c n ttaken
wc do not lay t'-at a men hant may
nut (tumble upon * fortune ; but
w::, w ii venture to aff rt, tnar for
roe who is fuccelsful, ninety-nine
w j be ru ned.
N v*., heir being our antiquated
I Y} i rs of the maitrr, we conceive
1 duty to difculs e/fry topic
t !tt concerns the in erefts of the
American people, and to unfold to
tit m the truth. At the diftan* c
v/lft h wt* arc rt m ved from Eng
lid, many perfi<ns may imagine
thar thr ci ifis of r a t n*il ha- krupr
ey, W; it h is rapidly appr< actin g
Ci a. B r uau'can havr but litth:
elf ft htr*. JJ j: if wt luff r our
-1 !v s ; ) dunk .n.-d to can uia e, we
iha ee, rnat c >nnt£te i as imr
m h ts are, vvi a the mere ha os
of ( ngl t and, Inch a.) event w II pro
r'u mft lerious tffefts in this
co icy ; ad in faft, not ordy the
fu ids ind visuals, but thole of our
government, and of our mfurance
a-J banking iuftitutions, which are
iji E gland, may be iwallowed up
in . c ab> (s.
1 is no ccnfolation to us to kno w
our f nds are in the hand* of
rich banking houfes, and moiu-y
nrgo iatoi*. No indeed, t> i* makes
ir lo much the wre becaufe th fc
great people, generally fpeaking,
are concer .ed in the fu ids, m ex-
bills, aid other g vern
ment fc ‘unri s, to much more than
the whole amount of rlnir fortunes j
I. tr.a - , in reai.t', the (mailer the
merchant, the grcaccr the chance of
fecuntv, provided he be boneft.
Let nobody imag ,e tha L the con-
t r ado s f,r the 1 an, are nvt inte
r- lied miu:h more deeply th.tn ihat
in .he fto. ks. Let nobody fuvpnle
that t was merely the fall of the
om. i*im, gr at as that was, which
caulen Mr. Abrana n Goldimidt to
put a i end to h s ex ft nee—Mr.
LokUnvot had a great deal more
than that am uru x ilakt, in ih%?
piibii j funds, ile was perfeftiy ac
qr.suittd with the pulle of the peo
ple who draft in .sc licks; he
ton. u w tde approach of rum, and
wis unable to bet.: t:p agrinft the
ciadi.
N -> nan knew more about the
nature of i. oncy and money
ai)6, han Mr. Goldfmidt. He
ccuki Ice very plainly that the pa
per medium had been overdone,
th it lik- old continental and French
afiig .at*, i: had reached the ne pius
u! ia. He la vit on the ebb, and
knew that noth ng biiu bullion could
lo g'T fupport its credit, and this
h* very well knew, was noc in the
country.
But it is not Mr. G jldfmidt
who twelve vea sag > was peifeftly
faii.vfi and that the nation and the
bank of E .gland were bankrupt.—
There w<.;e hundreds of others who
knew this quite well, and knew that
or-c day or other, and that not very
remote, the paper would not be
worth a farthing rufh light, but they
flittered themfelves, chat they would
g“t out of the way, bf *rc the
bu ft g of the buobte ; in the
mean time they were tempted by
avarice to j g along, until the coin
made its cicape from the country,
and Engia .and is fhut out from asy
commerce that can bring ic back.
The public calamity has had a
commencement by the depiCilion in
the fund* of ten per cent, is one
week. That ca ainity has been
produced by a want of confidence
in papi*r m ney, • id in proportion
t > the increalc of bank notes, muft
and wdl be the depreale of confi
dence n paper. Th; and cin e /fine
funds, may be for a Abort time pro
traftt and, by facitioua m aus, and
U'-comm >n exertions of the holders,
but their fall, never, never to rde
agon, is, at no very diftanc period,
certain.-—A ur- ra.
THE LATEST NEV/3.
EXTRACTS OF PRIVATE LETTERS,
“Lisbon, D> t. 12. —M dfe .a tu*
reached :>ur lines, and 6o or 7Q,00<
Kr n-limcn are n.iw witivn 20 or 25
Rw'lts of us; but confidence is at
its and no long facei are to
be f-en. The city aralh-ry, m litia
a -ul fliarp flu oters, are g n” to join
the arm , which l-> laid now to be
100,000 ftrong. The defence will
be mod defperate, the attack fueh
as mav be expefted from 70.000
Frenchmen. No fh p tan at this
m ment go over the bar, & {ljo'jld
Mafic-aa b: awa eof this it will ac
ci lers'.c hft ait- k.”
“ Li eon, Ocr. 13.—The country
is drove, ihe country
uhra a-d Lfb s is aim ft like B g
fhot-Htacn Every hill isufor;i
ri anon—rhe form, a crefcent.-
Within the chain we have collefted
all the produce of the country thro’
wnich we have recreated. We are
confequ“ntly abundantly fupplied,
win i fb n in our rear, wmle the
mnny has nothing. Our r=ght
fli ik is covered by tne Tagus, and
our left by the ocean. Within the
f rt fi and chain, we have 70,000
fig-it ng men. Roma.ia is delcend
i'*g fouth of the ragus, with about
s 5 ,qoo men. Ger?. W lfo.i and
are in thr norrh, on the
enemy’s r<ar. Q‘Djnnrl eaftward.
cc On Monday, marfnal M ftena
dined in C hmora in a convent. —
Capt. M llifh, with a flag of truce
dined wuh him—ah politenefs—
but no exchange effected of woun
ded. H or mi feu within a month
to be in Lfb v!— mere gafeonade.
The French troops commit
horriblt ex; -fT s—break ail
haul s, not opened to them, and
judge of their privations, when my
lelf, for 0.6 hours, could ge: no
b tad, m.a ,or 1 arcely water. A
g.ais of wine would have been
worth five ili’HT?*. The i.ff.abi
unts ft, mg ext .sil.ftF.
P. S. ihe Fstn .h as fa~ as I
can cclleft, are 50,009S 0,009 mufkc-s ;
‘followers E*.V; r. o lugg.-ge. Ine
cavalrv are believed tr> ex, < and 20.-
000 men ; bur. B it fh reg n nt
s t-qual to two of them ; m re hi ks.
Th’ 30:’ is a ded, arid
we d• ly gin Q r.gth.**
JJjboHi Qel’.ber 14 —“As our
army is- now fo very near, xe have
a m ft: hourly ctmfu i ? ;on there
from. T u cannot fi rm to vour
feif any thing m -re ok” war th.an
the genera! apof-arance of th! cicv
foldi r.s a-td ffi rs at every ftq>—
pro*, efii ns of tar s of 40, 50 and
60 a- a ‘mu. with provift ns —-
Comm fif ?s wsgg: ns in immrnfe
number*; artillery moving along
the ftccits to wards, the arm ; pri
foner* and deferrers arriving, 3 and
400 at a time. Fugitives from the
vailed countri> in tiiuhitudes, and
police horie guards parruling the
tlrecs in every riiicftton.
Laft n’ghi we learnt ahi ur 800 of
the enemy were nude p.ifom rs part
of wh* m arrived this morning. Ac
the faa.e time I’m raid a heavy can
nonading h.'gan from our lines,
which may probably be the begin
ning of a general bat tle. G’d lead
a gl.mour of vvhi- h 1 entertain
the molt fa. guine hopes.
Oft brf 24.
Th<* exptftcd intelligence from
lord Wi ibngtm is rot arrived, atid
the publii a xFtv is vs und up ri
the utm ft pc ffi Ir pfth; fur never,
o ! nr c r , did armies, at
l -ll B waparte* army, plav tor fo
larg h (lake I)us it ferihs ns if
Ri) Ms depended upon it than the
fhaking, perhaps the drftroyir.g his
p wer; fli aid his arwty experience
a iut.d dtfea. !
Port m uth, Oft. 13.
Thismornf ,g arrived the Venus
frigate, cape. Crauford, with Mr.
Jack! n, the late minifter in A *-
rica on board.
Armed the Thiftle fchooner,
lieutenant Proft r, with Jeffrey the
fearnan, who was landed on the un
inhabited ifland of Sornbriere, on
hoard.
W ASHING rON CI IT, Nav. so
We have oeen favored with the
foil wirg excraft of a letter, datsd
Lfb it, 6 h Oft. 15 10.
“ The in ; nds ol the people here
are fo ag ; rated by the rapid move
ments ol the two armies, they are
i-vapablc of doing any thing. I
fh uid have failed for New-York
tm* day, had things remained as
thev were a few days fince; but
finding the combined forces under
lord Wellington falling ba:k So) ra
pidly after a partial engagement of
Ids left wing with a party of the
French, I am induced to wait a few
days longer. The alarm is fo great
here that btifioefs is entirely at a
ftanal. Within theft: lew davs pa
per m- nev has fallen 12 per ccrt.
it ’5 fljftuating between 35 and 40
b( ft yt par.
“ The head quarters of Id. Wei*
lingcoft’s armv was at Villa Franca
yefterdav, and to-day at Mafia, 35
o 40 miles from Lilbon, and tne
line ofdefence is formed from thence
to Alverca. Thus the army is fit
uated from the fea to the banks of
the Ttgus. Alverca is only fixtecn
miles from Lfh)n. Beresford is
there, iord Wellington at M afra,
where he ia determined to rectivc
the French, and there decide the
fate of Portugal. Martier with
16.000 men by hit accounts was ac
Tomar, and Roma-a with 2000
Spaniards was at Abrantcs obferving
the rh verner.ts of M - tier, c- •
pr>f i-e s \te rt - bf ug -t i n y c; ”
terd.iv, ?.nr :-g v.hich v.-as g r 't..ai
S he is badly w* ur.cfid. -
Mill’ ra has drJa-ed tra: he would
nev<-r ft p, a*:rr Unking th** n ft
ftr.;ke un’il he drove tk* Et>gl-fl*
l'rro the ft:?; * e h,*s now n* “
f i, and ic is much feared the Erg
-I,fh will be obliged to embark in a
ver- fhort time. The French
is cflimated at 75 to bo,oco —the
combined armies are marly equal;
therefore if is expeftt and to be a molt
dreadlul affair, ftioulci the Erguik
wait the if is v h fpered that
the French -are much ftrorger— —
Tne retreat of lord Wellington
feems to confi r m this rep rt. Laft
night all the large boats aid bgfiters
Yvcre put in requ fitico and lent up
the river, it is iuiu for the fick and
heavy baggage. The head cpiarters
of the French army, by c*%c laft ac
counts, were at Bataiha.
BALTIMORE, Nov. 20.
Summary and ILxtracfs 0/ benign
News.
Afl the vines and cotton Yvithin
14 miles of mount Vefuvius were
cU.ftreyed os the 12th of September,
by a volcanic eruption. Every
tr.ing die within 11 o miles anas
alio dtftroy and. The iava in fume
p ices was ico fiet deep.
A fax was about to be impofed
in Saxony on colonial produce to be
in operation e the. 3th of Oftob -r,
of 120 dollars cm eve*ry hu. cl-d
weseht of inci g'; ico dollar* *,a
the lame qu*n k> of cotton; a r d 5©
dollars >n every hundred weight of
cc-ff'e and fvgar.
Notwit; ftanding the boaft of lord
Tniavera, hr is confffled to have
retreated to the left of the Mande
g aid Coimbra, it was expedited,
would fall mt Maffcna’t hands.
Th: fleet in the Scheldt was ex *
pefted fhorily to put to fea.
The lo; g n■■•goc.-.arion between
M*Ker-zie and the French g- vern
ment is broken off, the Bntifli re
fufi g to accede to the French pro
pola!, which were that is exchange
for every 30&0 French, rhe Engiifh
were to rtitive 1000 E ghfk, 1000
Porcuguefe and 1000 Spaniards.
The F.'cnch ft ec in the Scheldt
confifts of 10 Hi t-s of the lme, 3
frgiE.es, 14 praadas and twenty-.two
boats. ‘
Funds have been fent under ftrorg
effort by Bonaparte to Madrid, rur
the dift ha ge of all arrearages due
the French armies.
The French have been difpcflff
fed iff Calatayand, a fmall fortified
place, thiity-itven miffs from Sa
rag ffa. [
More troops are to be fent to
Portugal to a fli ft Wellington in run
nir g away from Mafiena.
A riot took place in Porchefcer
Caftit, between the* French prifon
ers and about 120 Germans and
Sw‘iff, who had enkfted in the B.ri
t fn lervice, out of p iion—military
a ; d wascaiff din for reftsring order,
which vai done without bloodfhcd.
Extra ft of a Utter from Eeffafi, dated
the 16th of October , 1810.
“ I hope we have feen The worft
of the cum mere ia! dtftr<ffrs of this
country, u iicfs there fhouUi be a
complete blow up of the prefent
f) fh rn.
“ In London things are extremely
had—buihoft has chlappeared, and
of (Ourft*, the credit of paper has
d.-irimiihcd —the ft veks have con
ffquenrly fallen, aad the gu-at Bar—
k eg and commercial houfts, who
have had the mcanj, are deeply an
lerefted in them, a. id the warft of
i: is, u&i the inov/jv lodged with