Fowle's New Hampshire Gazette And General Advertiser

For the New-Hampshire GAZETTE.
Messieurs PRINTERS,

YOU lately informed us that a convention was held at Hanover on the 30th of last month, and that among other things, they had in view to make the State Notes, tenders for the payment of debts,-- the convention met, it is true, in a very full representation, and adjourned to the 22d of this month, but the gentlemen who composed that respectable body had no such thoughts as to propose the State Notes as tenders, for they well knew the injustice of appreciating those notes now in the hands of rich monopolizers, after the poor creditors and soldiers have been obliged to sell them at 60 or 70 per cent. discount; the proposed relief to debtors would amount to nothing at all, for these Notes would immediately appreciate to almost their full value; and if Debtors were obliged to apply to Stock Holders, the proposed remedy would be equal to the first disease:--They have in contemplation to petition the Legislature, to divide the counties of Cheshire and Grafton into three separate counties, and to procure a Tender Act for payment of debts, and enable the inhabitants of the State to pay their taxes; and to protect them from becoming almost vassals to some of their fellow subjects.--It is generally thought, that if 100,000l. in paper money, was issued on the loan of estates, with six per cent. interest; payable to Government in ten years; it would give a spring to business, and the Government would receive 6,000l. interest, which would pay off the Civil List, and give bounties to many valuable purposes; and the State Notes rise and fall upon their own basis. Those creditors of Government who have their original Notes in possession, and have never, bona fide, alienated them, should have them redeemed by Government at their full value: all the others should be settled by a scale of depreciation, unless the possessors are content to be paid at the Treasury, as the Taxes come in.—A Tax of ten thousand pounds should be laid on the People at large, payable in the emitted Money, as a Fund for the redemption of the State Notes. If it be objected by Gentlemen in trade, who owe money in England and elsewhere, that this money will be instrumental in carrying away the silver and gold out of the State ; Suppose it does for the present: They have already sent the most of it off. and the Legislature will want this money for the use of the inhabitants, that any individual may trade, barter. and exchange his grain, pork, cattle, and other provisions for it ; and the merchants stand in need of all these, and large sums have been sent out of the State by them to purchase flour, corn, pork, and many other things which may be procured from the inland parts of the State. as soon as the roads are more passable. It is supposed that no one will hire this money, who has not some apparent prospect of reaping some advantage by it ; the Farmer wants it to purchase land for his sons to improve, the Merchant wants it to purchase lumber for his trade, aid the Tradesman, in his turn, wants it to purchase his daily provisions; if lumber, provisions, and land may be bought with it-and taxes and debts paid by it, What more can be desired of it? Those who want to trade elsewhere, to the damage of this State, let them get their hard money as they can ; and those Merchants who deal abroad. let them build their vessels only with such persons as will take the proposed money, and such shipping will soon make them good remittances, and let them import what hard cash they may find they want, which will be less by the difference of the circulating cash; or get it where they can, but Government ought not to prejudice the views of the Farmer, or those who will take it, especially as it is procured, at their expence and security, to serve those who may have interested views of aggrandizing themselves, by the distressing want of money, in purchasing other men's property at an unreasonable depreciation.

A FARMER.