Travels through the states of North America, and the provinces of Upper and Lower Canada, during the years 1795, 1796, and 1797 [Vol. 1 of 2]Weld, Isaac
History
Travels through the states of North America, and the provinces of Upper and Lower Canada, during the years 1795, 1796, and 1797 [Vol. 1 of 2]
Weld, Isaac
Canada -- Description and travel -- Early works to 1800; United States -- Description and travel -- Early works to 1800
But supposing that the immense regions bordering upon these lakes and
rivers were already peopled, it is not to be concluded, that because
they are connected by water with the Patowmac, the federal city must
necessarily be the mart for the various productions of the whole
country. There are different sea-ports to which the inhabitants will
trade, according to the situation of each particular part of the
country. Quebec, on the river St. Lawrence, will be one; New York,
connected as has been shewn with Lake Ontario, another; and New Orleans
at the mouth of the Mississippi, which by the late treaty with Spain has
been made a free port, a third. The federal city will come in also for
its share, and what this share will be it now remains to ascertain.
[Sidenote: NATIONAL BANK.]
Situated upon the banks of the Patowmac, there are already two towns,
and both in the vicinity of the federal city. George Town, which
contains about two hundred and fifty houses; and Alexandria, with double
the number. The former of these stands about one mile above the city,
nearly opposite the large rock in the river, which has been spoken of;
the latter, seven miles below it. Considerable quantities of produce are
already sent down the Patowmac to each of these towns, and the people in
the country are beginning to look thither in return for a part of their
supply of foreign manufactures. It has been maintained, therefore, that
these two places, already in the practice of trading with the back
settlers, will draw the greater part of the country trade to themselves,
to the prejudice of the federal city. Both these towns have as great
advantages in point of situation as the city; the interests of the three
places therefore must unquestionably for a time clash together. It can
hardly be doubted, however, but that the federal city will in a few
years completely eclipse the other two. George Town can furnish the
people of the back country with foreign manufactures, at second hand
only, from Baltimore and Philadelphia; Alexandria imports directly from
Europe, but on a very contracted scale: more than two thirds of the
goods which are sent from thence to the back country are procured in the
same manner as at George Town. In neither place are there merchants with
large capitals; nor have the banks, of which there is one in each town,
sufficient funds to afford them much assistance; but merchants with
large capitals are preparing to move to the city. As soon also as the
seat of government is fixed there, the national bank, or at least a
large branch of it, will be established at the same time; this
circumstance alone will afford the people of the city a decided
advantage over those of Alexandria and George Town. Added to all, both
these towns are in the territory of Columbia, that is, in the district
of ten miles round the city which is to be subject to the laws and
regulations of congress alone; it may be, therefore, that encouragements
Public-domain text, read in full here on John Shaqi.
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