The Enquirer

THE ENQUIRER.

May 7.

PROSPECT BEFORE US.

We greet the People upon the "glad tidings," which we have this day to lay before them.

THE LOAN is filled -- $10,000,000 have been obtained for 8 per cent, on better terms than the federal loan of 8 per cent. on a very small sum, and on as good terms as the smaller sum of last year was obtained. Again have the malignant predictions of the Federal Party been blasted. In vain was every artifice employed to put down the market price of the Old Stock -- In vain did the Federal Phalanx in the H. of R. exert all their strength to arrest the progress of the loan bill. -- In vain did Hanson howl, Pickering prate, poor Sheffey shuffle, and Grosvenor growl -- The loan is filled -- the credit of Madison & Co. is still supported -- for the monied men of America will confide in the justice of those, who have paid so sacred a regard to the public faith as to have discharged the most improvident debts of their most obnoxious predecessors.

The Election of New York has covered the Republicans with success -- 2 have been elected to Congress from the city, 2 from the 1st District: to the Assembly 11 from the City, and one from the county of Kings, making already 24 difference in favour of the Republican side. At the last session of the Assembly the Federal majority in the Lower House was only 10. In the Senate the Republicans had the ascendant. Now, they have a majority in both branches. The State of New York returns once more to the Republican Fold. Its citizens true to the rights of their country, will not flinch under the pressure of the war. It is thus that the light of truth pierces through the mists which are so assiduously breathed upon the public mind. Again the Northern Coalition is reduced to dust and ashes. Rebellion is frowned into silence; or New York, on whom the Northern Confederacy counted with so much confidence, becomes a barrier instead of an ally, to the innto. Messrs. Otis & Quincy, exhorted their friends to wait with patience til the Summer session; that in the mean time N. York would change and co-operate in their cause. -- Such was the avowed language of the legislature of Massachusetts -- Now what is the fact? The People of New York have changed, and the hopes of the junto are dashed to pieces.

The British Accounts confirm the successes of Bonaparte -- This is good news for us. Bianchi has been beaten at Montereau. Kleist and Blucher were so hemmed in by the superior evolutions of their enemy that nothing but sheer desperation was able to extricate them. Their loss must, therefore, have been immense. -- The British accounts confess that the People of France are true to the Emperor. Every thing bids fair for his success. -- Why do we rejoice at these events? Do we love Bonaparte? No. Do we fear him? No. Do we respect the Emperor Alexander? We do. -- But we rejoice, because the crest of our own enemy will be cut, and her tone will be lowered -- because, as England fails against France, she will be more disposed to allow us favorable terms at Gothenburg -- because, the Bourbons, clothed in a British Livery, as they would have been, will not ascend the throne to minister to her views -- because, the genius and resources of Bonaparte qualify him better for the extraordinary times on which he is to be cast -- the era is approaching when the maritime tyranny of England must be resisted and put down -- because Bonaparte is more calculated to wield the naval resources of France for this purpose, than either of the Bourbons -- and because, as "Adversity wears a precious jewel in her head," he will be much more disposed to administer his affairs in future with wisdom and with justice.

Whilst such events as these are passing before us, the Loan, the Election in N. York, the Successes of France; let every man nerve his spirits with fresh Resolution, and re-animated hopes. What Roman Citizen ever despaired of the Commonwealth? -- What true American Citizen will betray the rights of his country? Will James Madison deliver us into the enemy's hands? -- Will he sink at her feet, and stoop before her mandates? Will he sacrifice our Free Trade and Sailors' Rights? Never -- or, most wofully must that man be changed, who contributed to lay the corner-stone of our Constitution, who penned the Manifesto of war, whose life has been, as much as any politician's can be, "without fear and without reproach." Will the Eagle stoop from the aery in which he has reposed, to crawl and cower in the dust?

Let us be "up then and a-doing." If we desire an honorable peace, we must command it. If we wage an honorable war, we must put forth all our strength. Let every means be employed to procure the ascendancy on the lakes. If it answer no other purpose, it will at least feast our love of honor. The victory of Perry will beam upon our children, and many an unborn spirit will catch inspiration and joy from the lustre of that day. -- All our troops upon the frontiers should be daily mustered and trained, that they may know how to face their disciplined enemies in the field. Our recruiting officers should be animated to press the service with the utmost possible assiduity -- The drum should be heard -- parades should be encouraged -- In a word, no exertions should be omitted to call forth all the spirit, and all the resources of our countrymen.

When peace returns to bless these shores, no man will hail her with more rapture than the man who pens these hasty remarks -- but he feels that she is not to be wooed in sloth -- that she must be conquered, not solicited -- and that, unlike the coy mistresses who bless our hours of ease, she must be demanded by our arms, not won upon our knees. Away then with sloth! Let energy be still our watch-word. Let us beware of any relaxation in our measures. Let us put off no part of our "Armour," until the trumpet has ceased to sound.

True! Ministers have been sent to Gothenburg, because, without a negotiation there cannot be peace, and because peace is the end of war.

True; we have discharged the hostage Officers on parole -- but it is because the enemy, who compelled us to detain them as hostages, is relaxing her own measures of retaliation; because a humane government will always attempt to save the effusion of innocent blood; with every man's blood whom we should have been compelled to shed, would have been mingled our tears.

But let it be remembered, that if the enemy does resume her horrible system, these same men may be again called back to answer to their parole; and that as yet, we hold the Frigates in custody to answer for any cruelties which may be practised upon our own.

It is also true; that propositions for an Armistice have been interchanged -- because our government is anxious to save any unnecessary effusion of blood. But our government will not accept it on any terms, if Admiral Cochrane, who has the command of the navy on our coast, will not agree to suspend the war against our shores, we cannot consent to suspend the war on the frontier -- for we cannot permit their troops to be disengaged from the defence of Canada for the purpose of bringing the war upon our shores.

In a word, let us not in these matters mistake the views of the government. Their motto will be that of Fontanes; "Thus then, invoking peace, let the military preparations be every where accelerated and sustain the negotiations."

Much idle censure has been thrown upon Mr. Monroe's Report -- it is true, as events have since turned out, that our government does not know whether the prisoners seized and sent to England are native or naturalized citizens -- but it was right to retain so many of the British prisoners in our hands, that we might retaliate, in case the victims of the British should upon satisfactory evidence turn out to be citizens. -- The naturalized citizen is entitled to our protection -- for we have pledged our faith, when we received his vows, to take him under our shield.