Gazette Of The United States, & Philadelphia Daily Advertiser

A Pamphlet is published in Connecticut, intitled "Georgia Speculation Unveiled:" by Abraham Bishop, of New-Haven; in which the writer attempts to prove the sales of the Georgia Western Lands to have been fraudulent, and the notes given for them of course voidable for want of consideration. He maintains that by a pamphlet circulated by the Georgia companies, called a "state of facts," and by other representations made by the sellers of the land, the purchasers were made to believe and contracted for the lands under the belief, that the state of Georgia and of course the companies actually possessed the fee of the lands; and that the Indians had retained only the right of hunting and fishing on them. Whereas the fact was, that the fee of the lands was, as it still is, in the natives.

On the ground of fraud, and want of consideration in the notes, the author contends, that Courts of Chancery have a right to interpose and declare the notes void. He instances the great case of the contracts for South Sea Stock, which Parliament, on account of the injustice of applying the ordinary rules of law to them, interposed their sovereign power to modify, in order to save multitudes from ruin.

The cases are not exactly similar, but he maintains that the Georgia business was a scheme of swindling, worse in principle than the south sea bubble, and like that, is a case of such immense injustice and fraud, as to require a suspension of the ordinary rules of law.

The pamphlet is a work of ingenuity, and the subject very interesting. A second number will appear in a few weeks, in which the writer will publish the documents to substantiate his reasoning.