until a tender of the debt ancl cofrs, in gold and
silver, fhaJi be made." A morion to recede, for
,| ie purpofe of restoring this clause, occasioned
a Jong debate, which was finally negatived—
ayes 18, noes 38.
The House proceeded through the refidne of
the amendments, they receded from forne, difa
areed to by the Senate, and infilled on others—
and then, on motion of Mr. W. Smith, a com
mittee of conference on the disagreeing votes
of the two Hoiifes was appointed, conlilhng of
jyjr. Madison, Mr. Lawrance and Mr. Clark.
A meflage from the Senate, by Mr. Otis, in
formed the House, that they have taken into
consideration the bill entitled, " All adt provid
ing for theremilfion of certain duties," and have
j-el'o]ved that the said bill should not pass to the
third reading. Mr. Otis also informed the House,
that the Senate have appointed Mr. Wingate as
a committee on enrolled bill, inllead of Mr.
Bradley, wh-o is absent.
Another mefliige from the Senateinformcd the
House, that they concur in the vote for a confe
rence on the process bill—also that they have
palled a bill for continuing the adi therein men
tioned,and providing for the payment of invalid
pensions.
111 committee of the whole on the bill supple
mental to the ad making provision for the public
debt.
A motion by Mr. Fhzfimons, to the following
purport, was agreed to—That certificates of Hate
cltbt ifl'ued fubfeqnent to January i 790, should,
after the day of be subscribed in part
oftlie fuin provided to be afiumed in any parti
cular Hate, which has not filled up its subscrip
tion of state debts, agreeable to the funding law.
Mr. Madison moved toauiend the lec r tion which
relates to pcirchafes of the public debt, by inferr
ing the word " lowest" before the words " mar
ket price"—considerable debate ensued on this
motion, but without a decision the committee
rose, and the House adjourned.
FRIDAY, May 4.
A bill to continue in force an ast therein mentioned, and to
provide for the payment of invalid pensions, received ftom the
Senate yesterday, was read thtee times and patted. The ast re
ferred to, is the ast to mitigate or remit the penalties and foifei
turcs accruing from breaches of the revenue laws—this title was
added to the title of the bill.
f A bill for the relief of the river and bay fifheries, was read the
firft time, and laid on the table.
Mr. Bourne, of the committee of enrolment, reported the fol
lowing bills as truly enrolled :
An ast for granting and conveying a tract of land to John Cleves
Syminesand his aflociates—And
An ast for altering the time of the nextannual meeting of Con
gress.—The Speaker iigned said bills.
The report of a feleft committee on the account of John B. Cut
ting, was taken into confederation —this account was for monies
expended in procuring the release of American seamen, impretfed
on board Biitifh ships in England in iheycar 1790, &c.—this re
port propofesthat 20C0 dollars fliouhd be paid to Mr. Cutting, in
part of his account, and such further payments be made as vouch
ers (hall be produced for, which, in the opinion oI the Secretary
of Stat#, (hall appear just.
After some conversation on the fubjeft, the reading of the ac
count called for, a motion was made for clearing the gal
lery, which was cleared accoidingly. The Houie bung again
opened,
An atf for fettling the accounts of A. W. White, against the
United States, was taken into confiderdtion in committee of the
whole—after iome discussion, ilic bill was reported wuhout
n imenr.
Tne bill after fjme debate was ordered to be engrofled for a
third reading.
Mr. Lawrance introduced a motion to repeal the resolution of
the 24th ult. for adjourning the sth inflant, and to alter the time
to the iotli, next Thurlday—which was adopted.
Mr. W. Smith moved that the House should take into confede
ration the repQrt of the feiett committee on the themorial of Mr.
Ccracchi, relative to a ttatue of General Washington—this moti
on was not agreed to.
A bill conccrning the claim of J. B. Cutting againfl the United
States, was twice read, and committed.
On motion of Mr. B. Bourne, a committee was appointed to re-
P°'t a bill 01 bills, providing for the expencts of ftationaiy and
cleik tare, incurred by the fcveral commiilioners of loans.
A report of the Secretary of War, on the petition of Dr. R. 11.
Courtes, was read—and a motion made for a committee to bring
lll . a bill for com pen fat wig the petitioner for his pay and rations—
M'is motion was laid on the table.
In committee of the whole, 011 the blJl entitled, an a& supple
mental to the ait making,provifiort for the debt of the United
'States—Mr. Muhlenberg 111 the chair.
Mr. Madifoil's motion to infe'rt the word louiejl before the
words " market price," was agreed to—24 to 23. The commit-,
tee proceeded thiough the difcnffion of the remaining fe&ions—
twey then rose and reported the bill with amendments —Thcfe
were taken into consideration—the fiift was on inferring the word
wtr/?.this was disagreed to—the other amendments were
Ucti-Mi was aided to the following purport —That all fu
ture pur chafes of public debt fha-ll be made at the ioweft price
at which ilic lame can be obtained by open parchafe, or by re
ceiving foaled proposals. See.
The bill w*s then laid on tl»e table.
A second m• iiige from the Senate by Mr. Secretary Otis, in
armed the House that thev have palled the bill concerning fpi ii
d'it'llert w h*n the United Slates, with amendments—also, tha.
thtrv concur in the amendments of the Honfe to the bill to conti
nue m force :he a6l therein mentioned, and to provide for the pay
ment ol invalid pensions.
A tbird meiLg' from the Senate, informed the House that they
ave paflrd the bill relatjv to the compen! itions of certain offi
cers employed in the collection of the duties of impofl and ton
nage— also, that they have concurred in the resolution for altering
c time of adjournment, with an amendment.—This amendmen
aas to flrike out Thursday, and to insert Tuesday the Bih inft.—
t»e Houle concur red in this amendment.
PRICE OF STOCKS.
6 per Cents, _ 21 /
H per Cents, _
Deferred, .... Ta/g
Indents, _
Final Settlements, - . 181/6
-Half (hares Bank U. S. 40 per cent, premium
Philadelphia, May 5.
• T W °' P? rties » a correspondent, have shewn themselves
in the doings of the new government. One have evidently
thought favorably of a great public debt—whereas the other
have viewed it as an evil, however necefl'ary a one.
So alio, one party have considered Speculation as the very
loul 01 public credit, and as the mark of ufeful enterprise and
turn lug wealth. Tile other, with a contrary eye, have viewed
it as the pampered child of an unruly avarice, and the prolific
paient oi idleness, diJlipation and fraud.
h urthSr, it has -been the endeavor of one party to work the
public d_-bt into an instrument for heaping up vast wealth in
the hands ot a tew, so as by the subtle efficacy of monied influ
ence, to divide and rule the many. The other have ltocd up
against this kind ot policy, as unjust aud unrepublican, and as
injurious to all the best interests of the country.
Again, one party have advocated the widest conftvuftions of
the constitution; so as to carry the powers of the government
far beyond the obvious intent and meaning thereof, and there
fore, beyond the grant of the people. The other have been of
a diiierent temper, and contended for a regular observance of
the constitution, equally where it limits as where it grants
powers, and for carrying it into execution in a republican spi
rit and manner.
Time and events have decided the controversy between
these two sets of politicians; and the public voice seems to be
pronouncing the decision.
It appears that a public debt is a public evil every way,
more especially in fucli a country and government like ours.
All parties now cry out for paying off the debt, as the greatest
of public evils.
It appears that speculation, which in its ardor, filled the
National Bank in one day, and has been kept intoxicated by
the spirit of that institution, ever lince; that speculation,
which has drained all the natural channels of bufinels, in order
to swell the mighty torrent in which it flowed; that specula
tion, which was born in extortion, has been nurled in the arms
of an ill-fated policy, and exhibits the features of its maturity
in baseness, in fraud and in swindling; it appears that this con
spicuous agent in our affairs, in place of the industry, wealth
and solid prosperity promised on one fide, has produced all the
extravagance, prostitution of morals, and devastation of the
true sources of a flourilliing situation, foretold on the other.
It appears, that the schemes for throwing magnificent
wealth into the undeserving hands of a favorite few, and for
undermining the great republican barriers erected by the con
stitution, have opened the eyes of the people, and is calling
forth the demonstrations of their general fan&ion to the strug
gles made by the friends of equal rights of constitutional au
thority and republican measures.
These seasonable iudications of the public mind are a happy
proof of the force of truth among a free people; and of the
ifure, though flow interposition of its authority to controul and
correct an elective government that does not conduct accord
ing to its true principles. This general indignation again#
schemes that might by degrees destroy the republican constitu
tion which binds up the people and states in one great free sys
tem, must be the more pleafmg to every friend of liberty and
the union, inalmuch as it Ihews the fame desire in the people
every where to maintain both, and that they all adhere to the
constitution as eftablilhed by themselves for that purpose, with
defined powers and a republican form. 'Abfc Gaz.
" Two parties, fays a correspondent, have shewn themselves
in the doings of the new government." One have evidently
thought favorably of public credit—whereas the other have
constantly opposed every exertion for its support. The firft
have considered a public debt as a public evil, and have made
the greatest efforts for its reduction and final extinction—the
other have uniformly opposed every system that has been pro
jected; and while they have pretended to consider the public
debt as a necefTary evil, have devised no plan to pay it of.—
except by substituting one promise for another.
So also, one party early attempted to strike at the root of
speculation, by giving a fixed and prompt value to the public
debt—the other by procraltination and opposition, kept alive
the objett of speculation, by the glorious uncertainty of legisla
tive deliberation.
Further, the friends of public credit, by unremitted exer
tions, attempted to place all the creditors upon a footing, by
making provilioji for all the public debts without diftin&ion,
and thus diffufe public justice to all parts of the union. The
other, by their opposition, were the occasion of the debts' fhift
ing hands, and thereby concentering a benefit among a few,
comparatively speaking, which in the natural order of things
would have been felt very extensively.
Again, one party have, with an honest independence of
mind, construed the constitution on that broad scale by which
every thing that relates to the complicated interests of a great
and free republic, just rising into national importance, ought to
be considered. u The other have been of a different temper,"
and contended sometimes for the letter, and sometimes for
the spirit of the constitution, where the one or the other
would serve to hamper and check the operations of the go
vernment, and limit its powers within a sphere commensurate
to their ideas of republicanism.
" Time and events will (in the history of this rising republic)
decide the controversy between these two sets of politicians,
and the impartial voice of the people pronounce the decision."
It appears that a public debt is an evil every way in
some, more than in others, principally in an unfunded way, as
our experience most woefully teftifier—but in such a country
and government as ours, this evil is greatly mitigated, by the
consideration, that under the auspices of domestic peace, and a
steady perseverance in just measures, our resources to rid our
selves of the evil will encreafe with a rapidity which cannot
be calculated; for in this country, as a late writer in the
Gazette of the United States elegantly expressed himfelf,
TIME AND PROSPERITY TRAVEL TOGETHER.
It appears that speculation, which is ever on the scent in
every poflible dire&ion, whether in purchases of goods, public
bills, of exchange, lands, lots, &c. in its ardor, filled the
National Bank in one clav—and here had it flopped, all would
Ihave been well; for a speculation, built on the faith of a righ
teous government, cannot lail—but though forewarned, suc
cess intoxicated the ad venturers ; and the enemies of our ris
ing prpfperity, taking an advantage of the moment, opened
; imaginary profpe<sts*, which terminated in disappointment and
.the ruin of many, while those concerned in the mifchief have
fallen into the ditch they digged for others. But the frenzy
was but for a moment, and induflry, recovered from her sur
prize, has learned a ttioft important lefTon, and is now turning
her attention to her former sober habits.
It appears that the plan for funding the publ
rated to the great advantage of thole \ ho be] • • ov
iftence of a principle of public juilice. "VYhile t
infidels on this occasion, parted with their e\ i
* Certain banking projects in Nczv-York.
427
•bt has ope-
puohc debt—:h»s proving to their disadvantage, they never
can oe reconciled to measures which have proved propitious to
the fortunes of many whose judgements the complainants Lave
always been iu the habit of despising.
As a happy indication of the force of truth among a free
people, the public mind h more tranquil in the United Statej
than in any other part of the habitable globe, the peopls being
enlightened, justly appreciate the blefiings of" good govern
ment. Hence we find that the measures pursued in carrying
the new constitution into effe<ft, have received a very general
approbation—and the lolicitude of adminiltration to adapt the
laws to the wishes and wants of the great body of the enlight
ened citizens of the union, fully evince that the principle" of
aneleftive government pervade all its confntuent branches.—
Long may the people continue to enjoy and prize their repub
lican government—a government which is competent to their
security, peace and freedom—and may they ever discern the
just diltin&ion between such a government, and one that
leaves nothing for industry to hope, or villainy to fear.
The Letter Bag of the Ship Adriana, for Liverpool, will
be taken from the PofUOflice This Evening, at 7 o'clock.
Libutenant's-Office, April 17, 1792.
NOTIFICATION
To the Militia of the City and Liberties of Philadelphia and
Northern Liberties, and the Diftritts of Movameufing and
Paffyunk.
THAT they are to meet and exercise in Battalion, under their
refpettive Officers, on the following days, comn>«ncing the
fiift Monday in May :
The Artillery, and Fir ft Battalion, on the 7th day of May,
Second Battalion, on the B'.h do.
Third Battalion, on the 9th do.
Fourth Battalion, on the 10th do.
Fifth Battalion, on the 1 ith do.
Sixth Battalion, on the 14th do.
Seventh Baitalioti, on the 15th do.
THOMAS PROCTER,
Lieutenant of the City and Liberties of Pinladelphio.
The present Officers commanding Baitalions, and the
Officers of the several Companies, aie to periorm their duties ic
fpeftively on the above field days.
APR 1 L 27, 1 7Q2.
TO BE SOLD AT PRIVATE SALE,
At any time between this date and the firtt day of July ensuing,
A very valuable FARM,
PLEASANTLY fituatcd, and bounded on the East by the river
Delaware, 17 miles above Philadelphia; containing <203
acres, 40 whereof is firft rate Timothy Meadow, which may be
watcied in a dry time ; 25 acres, a rich low bottom, may be made
very good meadow at a« easy expence. The upland lays in ihe
lap of about 50 acrcs of rich out marlh, from which (by an easy
ascent to the cleared fields) 130 acres of excellent upland meadow
may be made, at a moderate expcnce ; 30 acres of woodland. A
never failing stream of water runs through this tract, on which is
a feat for a mill, and in which is good sport with the net and
hook; plenty of rabbits and small game ; and on the flats, abun
dance of wild ducks in the season. A good mansion-house, gar
den, and neceflary out-buildings ; an orchard of the best kinds of
apple, pear, peach and cherry trees., bearing ; a crop ot wheat and.
rye in the ground, and a spring crop putting in. Apply to Dr.
John Gibbons, in Arch-flreet, Philadelphia; Mr. Henry
Waterman, at the Washington, on the Briflol road; or to
Mr. Joseph Baldwin, at Nefhamany Ferry, or Mr. Bar net
Dureen, fame place, Bucks County. The purchaser, paying one
third of the price down, may have a term of years to pay the re
sidue, paying interest. May 5. (ep.tf.)
A LOTTERY,
TO raise the sum of £. 750 for the purpose of repairing ehe
Protestant Episcopal Church in the city of New-Biunfwick,
agreeable to an a£l of the Legislature of the State of Ncw-Jerfey,
patted November 1791.
SCHEME.
i Prize of 2000 Dollars is 2COO
1
2
5
10
30 *
9°
>675
1814 Prizes.
3520 Blanks.
5334 Tickets, at 3 Dollars each, is 16002 Dolls.
ThisLottPty is composed Tickcls. not two Blanks
to one Prize, and fubjett to a dedu&ion of twelve and an half per
cent, which is more favorable to adventurers than any Lottery yet
offered to the public—and it being of such evident utility, that it
cannot be doubled kut the undertaking will meet wilh the most
liberal support.
The drawing will positively commence on the second Monday
in July, or fooncr if the Tickets are disposed of, in the city of
New-Brunfwick, under the infpettion of Col. John Bayard, Pre
sident of said city ; James Parker, Esq. Mayor of the city of Am
boy; and Archibald Mercer, Esq. Deputy Governor of the Ma
nufa&uring Society of New-Jersey.
Tickets to be had of the following peifons, who arc duly ap
pointed Manageis, are tinder oath, and have given fccurity for the
faithful performance of their duty.
A lift of the fortunate numbers will he published, and the
prized paid immediately after the drawing of the Loiti 1 y.
JOHN PARKER, )
PETER KEENON, [ Manageis.
ANTHONY W. WHITE,)
N. B. Those piizes which are not demanded wnhin fix months
after the drawing of the Lottery, will be confidercd as a generous
donation to the Church.
*#* Adventurers in the above Lottery have a chance of more
than 3 per cent, per month for their money. To acr.ommc date
all those who may be disposed to purchase Tickets, letters direct
ed to P. Keenon, Manager, and Pofttnafter, at New-Brunfwick,
*iid enclosing good bills, will be attended to, and Tickets for
warded on leceipt of such letters.
New-Brunfwick, April 20, 1792
GEORGETOWN (POTOWMAC.)
THE SUBSCRIBER HATH OPENED A
House of Entertainment,
At the Sign of the PRESIDENT of the UNITED STATES,
In that commodious House lately occupied by Thomas BeaU, Esq.
Mayor of this Town.
He has furnifned himfelf with a stock of the best Liquors, and
will use ev» ry exertion to give fatisfa&ion by procuring, in their
' n, 'he best of every fpccics of provision, and having the fame
mth mod neat and elegant manner.
viiljul.] GEORGE H. LEIGH.
1000
1000
1000
5 00
200
1000
1000
1500
1800
6700
100
5°
20
4
160C0