THE NAVY DISBANDED. -- AGGRESSIONS OF BARBARY CORSAIRS. -- A DISGRACEFUL TRIBUTE. -- BAINBRIDGE AND THE DEY. -- GEN. EATON AT TUNIS. A SQUADRON SENT TO THE MEDITERRANEAN. -- DECATUR AND THE SPANIARDS. -- THE "ENTERPRISE" AND THE "TRIPOLI." -- AMERICAN SLAVES IN ALGIERS. Peace having been signed with Great Britain in 1783, the nucleus of a navy then in existence was disbanded. Partly this was due to the disinclination of the sturdy Republicans to keep a standing establishment, either naval or military, in time of peace. The same tendency of the American mind to disregard the adage, "In time of peace, prepare for war," is observable to-day. But the chief reason for the dissolution of the navy lay in the impossibility of collecting funds to pay for its maintenance. The states had formed themselves into a confederacy, but so jealously had each state guarded its individual rights, that no power was left to the general government. The navy being a creation of the general government, was therefore left without means of support; and in 1785 the last remaining frigate, the "Alliance," was sold because there was not enough money in the treasury to pay for her needed repairs. For eight years thereafter the nation remained without a navy. But gradually there sprung up a very considerable maritime commerce under the flag of the United States. The stars and stripes began to be a familiar sight in sea-ports as far away as China and Japan. But as far as it afforded any protection to the vessel above which it waved, that banner might have been a meaningless bit of striped bunting. In 1785 the Dey of Algiers, looking to piracy for his income, sent his piratical cruisers out into the Atlantic to seize upon the merchantmen of the new nation that had no navy to enforce its authority. Two vessels were captured, and their crews sold into disgraceful slavery in Algiers. When the first Congress of the United States under the present Constitution assembled, President Washington called the attention of the law-makers to the crying need for a navy. But war had set in between Portugal and Algiers; the Algerian corsairs were blockaded in their ports, and American vessels were enjoying a temporary immunity from piratical attack. Therefore Congress hesitated. But in 1793 peace was suddenly arranged between Portugal and Algiers. Immediately the corsairs swarmed out of the Mediterranean Sea, and swooped down upon the American merchantmen. In a few weeks four ships were in their hands, and the gangs of white slaves in Tunis and Tripoli were re-enforced by nearly two hundred luckless Yankee sailors. Then Congress awoke, and ordered the immediate building of six frigates. The ships were laid down, the work was well under way, naval officers had been appointed, and every thing seemed to point to the revival of the American navy, when a treaty was negotiated with Algiers, and all work was stopped.