A. D. 1796. 



189 



will confider this glut of wealth as only a temporary golden fhower, 

 xvhich muft blow over when the war is ended : and then it will be leen, 

 that, while fome prudent citizens' of America have really been benefit- 

 ed by it, great numbers of rafli and imprudent fpecUlators have been 

 ruined by that very overflow of money, which, they flattered them- 

 felves, would make them happy and independent. 



That the prodigious increafe of the money amount of the exports is^ 

 more^owing to the advance of price than to a real increafe of the quant- 

 ity of exportable commodities, fome of the chief of which have actual- 

 ly diminifhed, will appear from a comparifon of the quantity of the 

 principal articles exported in the years 1792 and 1793 (fee p. 327) witli 

 the following 



Account of the quantities of the .principal articles of American produce, 

 exported from the ports of the United flat es, in the years ending 30'* Septcm^- 

 ber 



Flour barrels 



Tobacco hocrsheads 



Pot-ashes and Pearl-ashes tuns 



Fish, dried quintals 



Fish, pickled • barrels 



Whale oil gallons 



Spermaceti oil 



Spermaceti candles boxes 



Wheat bushels 



Corn of all other kinds . . barrels of 1 80 lb 



* Indigo pounds 



Tar, pitch, rosin, turpentine .... barrels 



Rice tierces 



Beef, pork, bacon barrels 



Butter firkins 



Horned cattle, horses, mules .... number 



Sheep, hogs 



Leather pounds 



Shoes and boots pairs 



* Cotton pounds 



* and comprizing millions of acres, lliat uid not ' pofltrfTed. 

 ' belong to tlie Hate of Georgia, which fold them. ' that the four land companies'of Georgia, wha 



' Thus many fpeculators in Boiloii and other ' bear the entiie guilt of the iniquitousbarcrain, 



* parts of New-England have been either entirely ' are enriched by their villany ; and that their psr- 

 ' ruined, or at leaft materially injured in their for- ' fidious dexterity in this train of corruption and 

 « tunes, by that fpeculation. If one could with- 'deceit has thus thrown into their hands feveral 



* out regret beliold the ruin of fo many l;onell ' millions of dollars, for which they neither Jiave 

 « men, who fell victims to their own credulity, one ' given, nor are capable of giving, any equivalent 

 ' might enjoy this difappointmcnt of a fct of fpe- ' to thofe of whofe folly they have taken the ad- 

 « culators, who were Sufficiently greedy to pui- 'vantage.' [jTraveh In the Uiiittdjlala oj Amen- 

 ' chafe, without examination, without refertion, ra ly the iMe de la R.'.c!f..ucault Liancourl, F.ln,f>. 

 < and with the fole view of exorbitant gains in IJ,^ Eiigli/h tranf!at'wTi.'\ 



« Europe, tt^a£ls of land at the dillance of nine ** The indigo and cotton are partly imported, 



« hundred miles from their home, while their own and partly produced in tlie country. The cultiva- 



« country prefcated them with more honourable, tiou of indigo in the fouthern ftatcs has fallen oft' 



' and efpecially more fimple, means of acqniring a very much, and, on the other hand, that of cotton 



' foitime, or increafing that which they already had become a great objea, efpecially in Georgia. 



But it is intolerably mortifying to fee 



