Gazette Of The United States

December 4.

Private letters from Paris by the last conveyance give however some clue to the measures which are to be adopted; and we were yesterday told by a Gentleman who is better informed than almost any man in his country of French affairs, that the principal point on which the Committees depend for the restoration of public credit is by re-establishing all the old mercantile corporate bodies, and companies, on whose credit, aided by the mortgage of all the national lands and properties yet unsold, they hope to be able to issue a new paper currency, which may have a general circulation. As it cannot be denied that there still remains in France persons of property and respectability in the mercantile line, who would be flattered by seeing the principles of the new Government so favourable to trade, and the renewal of old established charters, it is impossible to say, whether the French may not succeed in a certain degree to raise a temporary credit, so as to be able to carry on their affairs a little while longer.