Page images
PDF
EPUB

ment.

fixed for the 4th Monday in May, 1809. This law was published in the American newspapers, which, of course, went to France; and an official copy of it was delivered by Gen. Armstrong, "with sufficient promptitude" (as he has stated) to the French governA whole year elapsed without any known complaint against the non-intercourse law. In that time, American vessels with rich cargoes resorted to the ports of Holland, Spain, Italy and Naples; countries which our own government chose to consider as independent, although known to be the real "dependencies" of France; some of the ports in Spain excepted, which the patriot Spaniards, by the effectual aid of British forces, had rescued from her grasp. In this state of things, with such vast American property within his reach, the French Emperor, on the 23d of March, 1810, issued his decree at Rambouillet, ordering to be seized and sold all American vessels and their cargoes which had entered, or should enter the ports of France and her dependencies after the 20th of May, 1809. And the French minister, the Duke of Cadore, declared to Gen. Armstrong, that this decree was an act of reprisal for the non-intercourse law, which prohibited the entrance of French vessels and French merchandize into the ports of the United States after the 20th of May, 1809. But the entrance of British vessels and British merchandize was in the same manner forbidden; yet the British government acquiesced. Our own government intended, unquestionably, to favor France, by permitting American vessels to carry cargoes of merchandizes really wanted by her, to the ports of Holland, Spain, Italy and Naples, from some of which-ports their conveyance to France would be easy; and all those countries, Spain excepted, being then under the perfect controul of Bonaparte, might justly be considered as parts of the French empire. Yet this very distinction between France and those dependent countries, gratuitously made by our own government in favor of France, the Emperor affected to resent, and to consider as another reason for seizing and confiscating American property. But this Rambouillet decree and its execution are stamped with marks of singular atrocity. It was not issued until near nine months after the nonintercourse law had expired! and was not made known until the 14th of May, 1810, when it was published in French newspapers, (which appeared to be the first notice of it obtained by our minister in Paris) and carried into immediate execution !

LOANS AND TREASURY NOTES.

SINCE the declaration of war against Great Britain (June, 1812), the administration of the United States have borrowed on loan, the following sums :

1812 a loan of

10,184,700

[blocks in formation]

MANUFACTURING AND OTHER COMPANIES.

Gay Cotton Manufacturing Company, Stoughton, incorporated Feb. 1814, capital not exceeding $100,000 in real or personal estate.-Boston Porcelain Glass Company, incorporated 1814, capital $150,000.-Dedham Manufacturing Company, Feb. 1814.-Hampden Cotton Manufactory, Jan. 1814.-Massachusetts File Manufactory, at Sharon, Jan. 1814.-West Boylston Manufacturing Company, $140,000, Feb. 1814.-Medfield Manufacturing Company, 1814.-Pembroke Cotton and Woollen Manufactory, 1814.-Lynn Wire Manufacturing Company, 1814.-Lincoln Cotton and Woollen Manufacturing Company, 1814-Adams North Village Cotton Factory, 1814.-Mansfield Cotton Manufacturing Company, incorporated Feb. 16, 1814, capital not to exceed $60,000.-Bellingham Cotton and Woollen Manufactory, 1814, $150,000.-Plympton Wool Company, 1814, 100,000.— Wolomapogge Mauufacturing Company, 1814, $100,000.Swansey, do. 1814, $50,000.-Northboro' do. 1814, $200,000. -Neponsit Cotton Factory, 1814, $100,000. -Plymouth Woolen and Cotton Company, 1814, $150,000.-Pittsfield, do. 1814, $100,000.-Troy, do. 1814, $100,000.-Adams South Village Manufacturing Company, 1814, $100,000.Lynn Linum and Duck Manufacturing Company, 1814, $150,090.-Walpole Cotton Manufacturing Company, 1814, $150,000.-Stony Brook, do. 1814, $70,000.-Watertown Woolen Manufacturing Company, 1814, $100,000.- Frankfort Cotton and Woolen Company, 1814.-Boston Hat Manufactory, incorporated 1810; Jesse Brown, president, Samuel Barry, treasurer, Caleb Hartshorn, clerk, Henry Messinger, agent.-Boston Aqueduct Corporation, incorporated 1795. Dr. Aaron Dexter, president, Maj. French, secretary and agent.-Boston Exchange Coffee-House Company, incorporated 1807. Hon. H. G. Otis, president, T. B. Wales, treasurer.-Boston Associated Housewrights Society, instituted 1804. Thos. W. Sumner, president, Ephraim Marsh, treasurer, Joseph Stodder, secretary.

COMPLIMENT TO THE NAVY.

On the 20th of Jan. 1814, while Mr. C. King (of Massachusetts) was discussing the Army Bill, he said-" Speaking, sir, of national character, and of what tends to ascertain and extend it, I should do injustice to unrivalled merit, and to my own feelings, did I not advert to our navy-a navy identified with glory itself; the heroes of which, if I may be permitted the allusion, have fixed the stars of our flag in the heavens, as a new and brilliant constellation in this western hemisphere; a sign in which we conquer; our heavenly guide to victory."

AMERICAN RESTRICTIVE ACTS.

MR. BURDICK, Your publication being designed as a faithful and im partial Record of Facts of an interesting nature, I send you a list of Restrictive Acts passed by the American Congress from 1806 to 1814. -I would thank some of your Correspondents to state what nation exer before had so many acts of the species referred to made for their regulation in the same short period of time. 2.

No. 1-Feb. 28, 1806, Mr. Jefferson.

An act to suspend the commercial intercourse between the United States, and certain parts of the Island of St. Domingo, to wit: those parts "not in possession, and under the acknowledged government of France."

No. 2-April 18, 1806, Mr. Jefferson.

An act to prohibit the importation of certain goods, wares and merchandize, from Great Britain and her dependencies after the 15th Nov. then next.

No. 3-Feb. 24, 1807, Mr. Jefferson.

An act to continue in force for a further time an act, entitled "an act to suspend the commercial intercourse between the United States, and certain parts of the Island of St. Domingo, extending to Gonaives and Tortuga, and other dependencies of St. Domingo, not in possession, and under the acknowledged government of France. No. 4-Dec. 22, 1807, Mr. Jefferson.

An act laying an Embargo on all ships and vessels in the ports and harbours of the United States.

No. 5-Jan. 8, 1808, Mr Jefferson.

An act supplementary to the act, entitled "an act laying an embargo on all ships and vessels in the ports and harbors of the United States."

No. 6-March 12, 1808, Mr. Jefferson.

An act in addition to the act, entitled “ an act supplementary to the act, entitled "an act laying an embargo on all ships and vessels in the ports and harbors of the United States."

No. 7-April 25, 1808, Mr. Jefferson..

An act in addition to the act, entitled "an act laying an embargo on all ships and vessels in the ports and harbours of the United States," and the several acts supplementary thereto, and for other purposes.

No. 8-Jan. 9, 1809, Mr. Jefferson.

An act to enforce and make more effectual an act, entitled " an act laying an embargo on all ships and vessels in the ports and harbors of the United States," and the several acts supplementary

thereto.

No. 9-March 1, 1809, Mr. Jefferson.

An act to interdict the commercial intercourse between the United States and Great-Britain and France and their dependencies, and for other purposes.

No. 10-June 28, 1809, Mr. Madison.

An act to amend and continue in force certain parts of the act, entitled "an act to interdict the commercial intercourse between the United States and Great-Britain and France and their dependencies, and for other purposes."

No. 11-May 1, 1810, Mr. Madison.

An act concerning the commercial intercourse between the United States and Great-Britain and France and their dependencies, and for other purposes.

No. 12-March 2, 1811, Mr. Madison.

An act supplementary to the act, entitled " an act concerning the commercial intercourse between the United States and Great-Britain and France and their dependencies, and for other purposes. No. 13-June 18, 1812, Mr. Madison.

An act declaring War between the United Kingdoms of GreatBritain and Ireland and the dependencies thereof, and the United States of America and their territories.

No 14-Dec. 17, 1813, Mr. Madison.

An act laying an embargo on all ships and vessels in the ports and harbors of the United States.

SPECULATION.

MR. BURDICK,-Perhaps at no period in the commercial history of our nation, has the speculating mania ever arrived at a greater height, than that which was witnessed among us during the months of Nov. and Dec. 1813. To develop the various causes of the frenzy which was so prevalent among all classes of the mercantile community, is at this day unnecessary. They are too generally known to need any illustration.

The restrictive measures of administration had, for some time previous, bewildered our commercial world to such a degree that calculation was put at defiance. Some, whose adventurous spirit carried them headlong into the vortex, have floundered through, not only with safety, but success; while others, whose plans were laid with care, and who were steering an apparently safe course, have been wofully shipwrecked, and may claim fellowship with the South Sea and Mississippi dupes of other times. The lucky ones who, at the time of our Declaration of War, purchased whatever they could lay their hands upon, and soon after sold out to more sanguine adventurers, may now chuckle at their cleverness in realising and pocketing a handsome advance; while the credulous creatures who appeared to believe that goods could never attain a maximum, have leisure to cool their fingers, so dreadfully burnt, and learn that wisdom which nothing but experience could teach.

[ocr errors]

The writer of this knows, and many of his readers doubtless know of some, who, had they sold off at offered prices, could have realised snug fortunes. But the truism that man always wants " little more than he has," was never more fully evinced than at the present time. A certain class appeared to be addled at the monstrous, and forced daily rise. Fortunes were made in a week! To be independent, it was only necessary to buy to day ;-to morrow the golden shower would pour down, and, as Ali Baba says, they had nothing to do but "hold their caps and panniers !" But alas! down came the air-raised castles, and those builders had good luck who escaped being crushed in the fall. The news of commissioners being appointed to treat for peace at Gottenburg, dissipated all idle dreams, and brought men and things to their proper standard again. This is the state of trade,

To-day is ev'ry purchase made with hope,
To-morrow goods rise high, per centage great,
And put the shining profits in the coffers.
The next day comes a tale !-a direful tale,

That chills advent'rers, and then down they fall.

Should this be perused at a future time, it may remind those who would have forgotten, and inform others who never knew, of the rapid rise and fall of merchandize during the period above alluded to, by annexing the following few prices current immediately previous to, during, and subsequent to the rage.

[blocks in formation]

The advance on some articles was greater than is shown above, but it being in consequence of a particular scarcity, we omit mentioning it. The list we have given will present a fair average of the changes that took place-changes, it is believed, without a parallel in our commercial records. S.

UNITED STATES TREASURY.

MONIES RECEIVED-In the year 1812

10,002,400

[blocks in formation]
« PreviousContinue »