Gazette Of The United States

TRANSLATED FOR THE GAZETTE OF THE UNITED STATES.

FROM THE LEYDEN GAZETTE.

Published by Stephen Luzac.

A Paper that is considered in Europe as the most authentic medium of intelligence—and as such circulates more extensively than any other similar publication.

PARIS, MARCH 8.

M. Rabaut de St. Etienne's Speech, concluded from our paper of 14th inst.

In short gentlemen I repeat it, because I am firmly convinced of it, that bankruptcy is impossible, because you are here—and to effect it, but one means exists, that is to separate you.

The Imports it is said are not collected—they are collected throughout the greatest part of the kingdom, as your own correspondence gentlemen on the subject will testify—some indirect imports are no longer collected! This is true, but you are offered, and there will be formed substitutes in their place: You will establish them, and the people will adopt them, and will pay them with pleasure. Unfortunate people, who love to serve your country, and your king, without affectation, what is your lot? Oppression when you bend your head, and calumny when you dare to raise it.

Is there then no evil, it is asked—are our fears then chimerical? There is one gentlemen—it is great—it is pressing—and you ought to remedy it—this evil is the scarcity of specie. The cause of it is easily pointed out it is owing to too much paper in circulation.—Seeing you know the cause of the evil, you will find a remedy for it.

I take the liberty to invite you, to take immediately into consideration the memorial of the first minister of the finances, that memorial which you have been expecting this fortnight past, and the address of the Commons of Paris. You will endeavor to restore an equilibrium between specie and paper, by giving at this time some preponderance to specie, and some confidential allurement to bring it into circulation again.

A thousand objects indeed press you, and the people are impatiently expecting the fruit of your labor—but the present evil is most pressing—you will only quit for an instant the objects of your indefatigable cares, to resume them with greater ease and satisfaction—and disengaged from the solicitude which oppresses you, you will complete the Constitution with the more courage, and the consolation you shall derive from it, will renovate your vigor. The people of France will second you with their patience the enemies of the public weal will find themselves deceived, in calculating too lightly on the pretended inconstancy of the French nation: The generous people of the capital, those brave companions of your labors, will continue to support them—they will find that by aiding and preserving you, they preserve themselves, the King, the people, every good citizen, the creditors of this State, the capital and the province, all will have a common cause, the safety of the country, and the completion of the constitution; With this noble and generous concert, I repeat once more gentlemen, that bankruptcy is impossible, and France cannot perish.