Fowle's New Hampshire Gazette And General Advertiser

BALTIMORE, July 9.

From the universal complaint, respecting the scarcity of money, it is justly concluded that the quantity in circulation, is not sufficient for a medium of domestic trade; if we have not this medium, which every disinterested man will acknowledge, from New Hampshire to Georgia, it then becomes an important question, by what means is it to be procured? After every possible disquisition on the subject, I am persuaded we shall find no other remedy than that of reverencing ourselves, giving ourselves a credit, and supporting that credit like honest men. A paper medium is our dernier resort: we have no other. All the specious declamations about economy and frugality will not set aside this necessity; the people feel it, and sooner or later it must take place, or we are undone. The people in general are not living in such luxury and extravagance as is represented. Thousands are suffering the ninety-nine plagues of an empty purse; and though it has been said that money is not meat and drink, yet let a man go to market without it, and he will cut a very small figure; he will not get a single smile from the wealthy butcher down to the rustic cherry-girl; and he may return home without a dinner, and go to bed supperless. Paper money, like other good things, is subject to abuses; but it must not therefore be laid aside: a paper medium has been useful, and it may again become a blessing to the community, if we are not wanting to ourselves. Our legislatures now are called upon, in the most serious manner, as they love their country; as they regard its welfare and prosperity; as they feel for their constituents, to pay attention to this subject; to devise proper means for the support of public credit, and by a spirited and virtuous conduct, to attempt once more to regain the confidence of the people in money matters.