They expect to get a mighty booty, and strike another general panic, by ****** a sudden movement and getting possession of this city; but unless they can march out as well as in, or get the entire command of the river, to remove off their plunder, they may probably be stopped with the stolen goods upon them.They have never yet succeeded wherever they have been opposed, but at Fort Washington.At Charleston their defeat was effectual.At Ticonderoga they ran away.In every skirmish at Kingsbridge and the White Plains they were obliged to retreat, and the instant that our arms were turned upon them in the Jerseys, they turned likewise, and those that turned not were taken.
The necessity of always fitting our internal police to the circumstances of the times we live in, is something so strikingly obvious, that no sufficient objection can be made against it.The safety of all societies depends upon it; and where this point is not attended to, the consequences will either be a general languor or a tumult.The encouragement and protection of the good subjects of any state, and the suppression and punishment of bad ones, are the principal objects for which all authority is instituted, and the line in which it ought to operate.We have in this city a strange variety of men and characters, and the circumstances of the times require that they should be publicly known; it is not the number of Tories that hurt us, so much as the not finding out who they are;men must now take one side or the other, and abide by the consequences: the Quakers, trusting to their short-sighted sagacity, have, most unluckily for them, made their declaration in their last Testimony, and we ought now to take them at their word.They have involuntarily read themselves out of the continental meeting, and cannot hope to be restored to it again but by payment and penitence.
Men whose political principles are founded on avarice, are beyond the reach of reason, and the only cure of Toryism of this cast is to tax it.A substantial good drawn from a real evil, is of the same benefit to society, as if drawn from a virtue; and where men have not public spirit to render themselves serviceable, it ought to be the study of government to draw the best use possible from their vices.
When the governing passion of any man, or set of men, is once known, the method of managing them is easy; for even misers, whom no public virtue can impress, would become generous, could a heavy tax be laid upon covetousness.
The Tories have endeavored to insure their property with the enemy, by forfeiting their reputation with us; from which may be justly inferred, that their governing passion is avarice.Make them as much afraid of losing on one side as on the other, and you stagger their Toryism; make them more so, and you reclaim them; for their principle is to worship the power which they are most afraid of.
This method of considering men and things together, opens into a large field for speculation, and affords me an opportunity of offering some observations on the state of our currency, so as to make the support of it go hand in hand with the suppression of disaffection and the encouragement of public spirit.
The thing which first presents itself in inspecting the state of the currency, is, that we have too much of it, and that there is a necessity of reducing the quantity, in order to increase the value.
Men are daily growing poor by the very means that they take to get rich; for in the same proportion that the prices of all goods on hand are raised, the value of all money laid by is reduced.A ****** case will make this clear; let a man have 100 L.in cash, and as many goods on hand as will to-day sell for 20 L.; but not content with the present market price, he raises them to 40 L.and by so doing obliges others, in their own defence, to raise cent.per cent.
likewise; in this case it is evident that his hundred pounds laid by, is reduced fifty pounds in value; whereas, had the market lowered cent.per cent., his goods would have sold but for ten, but his hundred pounds would have risen in value to two hundred; because it would then purchase as many goods again, or support his family as long again as before.And, strange as it may seem, he is one hundred and fifty pounds the poorer for raising his goods, to what he would have been had he lowered them; because the forty pounds which his goods sold for, is, by the general raise of the market cent.per cent., rendered of no more value than the ten pounds would be had the market fallen in the same proportion; and, consequently, the whole difference of gain or loss is on the difference in value of the hundred pounds laid by, viz.from fifty to two hundred.This rage for raising goods is for several reasons much more the fault of the Tories than the Whigs; and yet the Tories (to their shame and confusion ought they to be told of it) are by far the most noisy and discontented.The greatest part of the Whigs, by being now either in the army or employed in some public service, are buyers only and not sellers, and as this evil has its origin in trade, it cannot be charged on those who are out of it.
