Fowle's New Hampshire Gazette And General Advertiser

PHILADELPHIA, September 3.

The good effects of the Bank of North America, says a correspondent, extend not only to the young merchant of slender capital, but to the farmer and mechanic. The former gets his bills paid as soon as they are presented, by means of a discount of six per cent. per annum; and the latter obtains cash, through the medium of the bank, for his produce as soon as he comes to town. This bank draws and confines the money of the United States to the city of Philadelphia, from whence it is diffused, as from a reservoir, to every part of the State. Any attempt, therefore, to destroy this bank, or lessen its usefulness, can only be ascribed to the spirit of faction and party; and must be considered as an act of state suicide in Pennsylvania.

We have authority to assure our readers that a few days after the bill for taking away the charter of the bank was published, a merchant in this city received an order from a merchant in London to purchase him as many shares in the bank of North-America, as would amount to four thousand pounds sterling. All this money would have been kept from exportation, had the gentleman been able to comply with the request of his friend.

To attempt to enforce the credit of government emissions of money by destroying the bank, which is as much the offspring of a law of the State, as any paper money can be, is as absurd as it would be for a man to think he could strengthen his right hand by cutting off his left.

Our correspondent wishes our customers to attend to the conduct of the British refusing to give up our posts, &c. In setting the Indians on our backs, and to ask themselves, should a war become inevitable, to what quarter must we look for money to raise, feed, and pay an army, if we cut off the only sinew that ignorance and bankruptcy have left us to carry on a war--viz. the bank of North-America.