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Page thumbnail for Alexandria Daily Gazette, Commercial & Political
Editorial May 26, 1810

Alexandria Daily Gazette, Commercial & Political

Alexandria, Virginia

What is this article about?

This Federalist editorial laments the empty US treasury due to Jefferson's embargo, mirroring bankruptcies in Russia and Denmark from Bonaparte's anti-trade system. It condemns Jefferson and Democrats for national dishonor and ruin.

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Full Text

More empty treasuries than ours.—The consequences of complying with Bonaparte's anti-commercial system, have been precisely similar on both sides of the Atlantic.—Russia has lately by an Ukase declared her treasury to be bankrupt. The miserable king of Denmark is worse than bankrupt. Whilst his own subjects will not trust him, he is compelled to mortgage his province of Holstein, and, we suppose, all our Tonningen property with it, to the Dutch to obtain supplies of money. According to late accounts, which the reader may peruse under the Salem head, Bonaparte is thought to be about to foreclose the mortgage by taking the property into his possession. In doing this, we wish more than we can hope, he may not, like a griping landlord, seize the moveables which do not belong to his debtor.

That our treasury is as empty as that of either Russia or Denmark, Mr. Gallatin has candidly informed us; and we know the drain has been occasioned by the same means which exhausted theirs, that is to say, the hand of Bonaparte has done it.—To all he dictated his system of living without trade. His agent, Jefferson, acquiesced and sent a message to congress for laying the embargo, & it was laid. But the scorn of an impartial world and the contempt of posterity will never forsake the authors of our dishonor and ruin. We envy them not the votes of democrats, or the honest and sincere among them will not very long be their dupes, and they are welcome to all the incense with which the tainted breath of faction can comfort them.

(Fed. Rep.)

What sub-type of article is it?

Economic Policy Foreign Affairs Partisan Politics

What keywords are associated?

Bonaparte System Us Embargo Empty Treasury Jefferson Criticism Federalist View Economic Ruin

What entities or persons were involved?

Bonaparte Jefferson Gallatin King Of Denmark Russia Democrats

Editorial Details

Primary Topic

Economic Ruin From Bonaparte's Anti Trade System And Us Embargo

Stance / Tone

Strongly Critical Of Jefferson And Democrats

Key Figures

Bonaparte Jefferson Gallatin King Of Denmark Russia Democrats

Key Arguments

Bonaparte's Anti Commercial System Causes Bankruptcy In Russia, Denmark, And Us Jefferson As Bonaparte's Agent Imposed The Embargo Embargo Drains Us Treasury Like In Europe Authors Of Embargo Face World Scorn And Posterity's Contempt Democrats' Support Is Temporary And Insincere

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