Mr. WESTERN has addressed a very long letter on the
state of the country to the Freeholders of the County of Essex. He ascribes all our distresses to the late change in the currency, and, like other po- litical advisers, prescribes a panacea of his own. Here it is.
" I think the resumption of the silver standard, and the restoration of the small note currency, would give some relief; at all events, a trial might be made with safety. Let it not be forgotten that Scotland and Ireland have' been allowed to retain their country small note currency, with a penalty upon its circulation in England. An arrangement so at variance with com- mon sense and justice can never be permanent."
Ministers, we beg to observe, were not guided by the opinions of the most enlightened economists when they prohibited the use of paper,. instead of regulating its issues. On the wisdom of Mn PEEL'S bill,. however, we are not disposedto enlarge. As to the resumption of the silver standard, recommended by Mr. WESTERN, the immediate effect, of it would be to alter to a slight extent the existing relations betweeit debtor and creditor, but it would produce ultimately no perceptible effects on national prosperity. Gold and silver are constantly chang- ing their relative values. No act of Parliament can give constancy to either. It signifies but little which is the standard, provided our standard be not a double one ; and of that, Parliament had the wis- dom to rid us many years ago.
SATURDAY, Two o'CLocu. Frankfort Papers to the 29th ult. have been received this morning, but their contents are not of interest.
By a mail from Mexico, we have received Mexican Papas to the 18th of September; but accounts of a more recent date have reached us through the United States. The Mexican Papers state that the second expedition from the Havannah was expected to arrive on the 23rd or 24th, and that the Mexican troops under Santa ANNA, amounting to nine thousand, were eager to give battle to the Spaniards, who had already landed, so that before the second expedition should arrive the first would be destroyed. It is probable, therefore, that the next accounts from Mexico will announce the defeat of the second ex- pedition, if it should attempt a landing.
