The New Hampshire Gazette And General Advertiser

BALTIMORE, Jan.5.

M. de Mirabeau, in a long speech, in the National Assembly of France, on the 6th of November, on the scarcity of money, and the discredit of the public funds, observed, that from the scarcity of specie and the discredit of paper currency, had arisen, in a great measure, from the scarcity of corn; because the farmer chose rather to keep his corn, than to sell it for bills with which he could not pay his servants. As a mean of alleviating this latter evil, he suggested an expedient, which though distant, might nevertheless be highly beneficial:--"We have, (said he) advanced considerable sums to rescue the Americans from slavery, and we have cemented the edifice of their liberty with our blood. They have grain in abundance; and are bound by every tie of justice, every sentiment of GENEROSITY, to pay in provisions the interest, and at least part of the principal of their debt to us." -He concluded by moving,

"That his Majesty be requested to send immediately, trusty and able persons to the United States, to insist on the payment, in corn, of the capital and interest of the debt due to France.
That the committee of Finance shall prepare, with all possible speed, a plan for a national Bank, to give security to public creditors, stability to national credit, and gradually diminish the public debt.
That the King's ministers be invited to sit and advise in the National Assembly without voting, till the constitution should have fixed rules to be followed in that respect."

Several members of the National Assembly objected to the last resolution, as dangerous to liberty, observing, that the Parliament of England had never been corrupted but by ministers.--Others maintained, that admitting ministers to advise, but not to vote, would be a bulwark to liberty; that being questioned on the business of their respective departments, without previous communication, they would be obliged to answer without reserve; and that it would be extremely difficult for a weak and wicked minister to deceive the vigilance of the National Assembly.--Both parties admitted the importance of establishing a National Bank; but they were by no means agreed on the resources to be expected from AMERICAN FAITH, or AMERICAN GRANARIES --The first and second articles were adjourned for a few days, and the last till the next day.