¥790.] 
under, founded upon the prefumption of 
juftly fufering for the confequences of 
monoply upon ideal capital—thus con- 
founding enterprize with {peculation, and 
induftry with ambition. ‘The ftockhol- 
der, if not with criminal indifference, 
_ certainly with apathy, contemplates the 
fituation of the merchants—whilft he, in 
his turn, vents his curfes upon the tri- 
butary of the country.—lf we view thefe 
' two claffles of men, we cannot helitate to 
determine. which is moft ufeful to fociety. 
A comparifon between them may be the 
fubject of a future letter. I believe, I 
am correct in ftating, that the minifter, 
within the hort period of fourteen 
months, has raifed the enormous fum of 
forty-two millions and a half: the taxes 
to defray the intereft have: been princi- 
pally yaifed from commerce. He has 
never appeared to fpeak upon finance, 
without expatiating upon the vaft in- 
creafe of trade, and the incalculable re- 
fources.of the country, drawn from the 
facility with which the revenue was col- 
leéted.—T hat the wealth was fuppofi- 
titlous, or artificial, may be proved by an 
examination of the prefent flate of the 
country with that about four‘years ago, 
when the fituation of France drove the 
rich from that country, preferring the 
fecurity of our funds, and our merchants, 
to the government eftablifhed there. It 
muft alfo be recollected, that, in confe- 
quence of the: afcendancy obtained by 
our navy, we fuffered no neutral veffels 
to go to France, but captured them, 
paying for the cargoes—-Foreigners, of 
courle, finding other markets more pre- 
carious than our’s, and not meeting with 
any country competent to make the ne- 
ceffary advances, reforted to us; and, 
excepting Hamburgh, we monpolized, 
‘comparatively foeaking, nearly the whole 
trade of Europe. The remonftrances of 
America, Denmark, and Sweden, have 
induced the miniftry to wave their pre- 
tenfions of feizing neutral vefiels, not 
having on board articles deemed contra- 
band by the law of nations; and the idle 
idea(not to ufe a harfher term) of ftarv-. 
ing France into terms has been aban- 
doned. Let it not be forgotten, the im- 
-Menfe loans and fubfidies to foreign 
powers, together with the money drain- 
ed by the balance of trade having been 
upon the whole againtt us, are fuppofed 
to leave us at this hour full twelve mt 
lions lefs in bulliod than at the cum? 
mencement of the war. The Bank have 
diminifhed difcount, not from want of 
Confidence, nor, as has been fuppofed, 
Monraiy Mac. No. ILL 
On Specte.——On Religious Ceremioni¢s 
your heart, 
201 
from hoftility to the minifter, but, from 
a moft formidable diminution of their 
cafe balance, which calis for a2 proportion- 
ate diminution of their circulation.—Add 
to this, the bonus upon the -loans, the 
confequent fpeculations forfnded upon 
therm, together with the difcouht upon 
navy and exchequer bills, yielding the 
holders).a clear ten per cent: for their 
inoney; and the caufe for the fcarcity of 
money.among the mercantile world, will 
be readily comprehended.— Where ts the 
individual, having money todpate; thae 
would accomodate the tradefman for five 
per cent. when ten per cent. /-can be 
obtained, with -government> fecurity ? 
Where is even the tradefman that would 
not rather place his money upon -fuch 
terms, than hazard it in adventures at 
fuch a critical junéture ?—The detreafed 
capital of trade—the decreafe of-bullion 
in this country—with the increafed loans 
—will anfwer the Candid Enquirer— 
«© Why fuch a gloom.prevails upon the 
commercial intereft >”’ 
‘MERCATOR. 
ret 
To the Editor of the Monthly Magazine. 
SIR, ) 
HE following letter, written by a 
worthy member of the Eftabliihed 
Church, to a worthy man of the fociety 
cf Quakers, is fubmitted to your infpec- 
tion. If you think ic deferving-a place 
in your new and ufeful Undertaking, 
the infertion will greatly oblige 
Your fincere weil wilher, 
VERITAS.’ 
Your fentiments, my friend, on the 
fubject of liturgies and ceremonies in 
religious worlhip, reflect equal credit on 
your judgment, and on the integrity of 
In our church fervice, it is 
evident, that we offend againit an exprefs 
injunction delivered by our divine maf- 
ter. ‘* Ufe not vain repetitions, as the 
heathens do, fer they think they fha'l be 
heard for their much fpeaking.”  Ex- 
cellent, as is our form, In point of com- 
pofition, we certainly abound in re- 
petitions, which cannot podibly further 
eur fupplications at the Throne of 
Grace, but may imprefs thofe with an 
idea, who object to fet prayers, that we 
rely more on words than on affertions in 
our addreffes to the Almighty ! 
The Epifcopal Clergy in America 
have wifely availed themtelves of the op- 
portunity which was afforded them by 
their political feparation-from the parent 
flate, to ge many judicious alterations 
i 
