By putting off the building the
seventy-fours and stopping enlistments, the loan will be reduced to
three and a half millions. But I think it cannot be obtained. For though
no new bankruptcies have happened here for some weeks, or in New York,
yet they continue to happen in Baltimore, and the whole commercial race
are lying on their oars, and gathering in their affairs, not knowing
what new failures may put their resources to the proof. In this state of
things they cannot lend money. Some foreigners have taken asylum among
us, with a good deal of money, who may perhaps choose that deposite.
Robbins's affair has been under agitation for some days. Livingston made
an able speech of two and a half hours yesterday. The advocates of the
measure feel it pressure heavily; and though they may be able to repel
Livingston's motion of censure, I do not believe they can carry Bayard's
of approbation. The landing of our Envoys at Lisbon will risk a very
dangerous consequence, insomuch as the news of Truxton's aggression will
perhaps arrive at Paris before our commissioners will. Had they gone
directly there, they might have been two months ahead of that news. We
are entirely without further information from Paris. By letters from
Bordeaux, of December the 7th, tobacco was then from twenty-five to
twenty-seven dollars per hundred.
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