In a little time the British had possession of one half of the town, General Washington of the other; and the creek only separated the two armies. Nothing could be a more critical situation than this, and if ever the fate of America depended upon the event of a day, it was now. The Delaware was filling fast with large sheets of driving ice, and was impassable, so that no retreat into Pennsylvania could be effected, neither is it possible, in the face of an enemy, to pass a river of such extent. The roads were broken and rugged with the frost, and the main road was occupied by the enemy.

About four o'clock a party of the British approached the bridge, with a design to gain it, but were repulsed. They made no more attempts, though the creek itself is passable anywhere between the bridge and the Delaware. It runs in a rugged, natural-made ditch, over which a person may pass with little difficulty, the stream being rapid and shallow. Evening was now coming on, and the British, believing they had all the advantages they could wish for, and that they could use them when they pleased, discontinued all further operations, and held themselves prepared to make the attack next morning.

But the next morning produced a scene as elegant as it was unexpected. The British were under arms and ready to march to action, when one of their light-horse from Princeton came furiously down the street, with an account that General Washington had that morning attacked and carried the British post at that place, and was proceeding on to seize the magazine at Brunswick; on which the British, who were then on the point of making an assault on the evacuated camp of the Americans, wheeled about, and in a fit of consternation marched for Princeton.

This retreat is one of those extraordinary circumstances, that in future ages may probably pass for fable. For it will with difficulty be believed that two armies, on which such important consequences depended, should be crouded into so small a space as Trenton; and that the one, on the eve of an engagement, when every ear is supposed to be open, and every watchfulness employed, should move completely from the ground, with all its stores, baggage and artillery, unknown and even unsuspected by the other. And so entirely were the British deceived, that when they heard the report of the cannon and small arms at Princeton, they supposed it to be thunder, though in the depth of winter.

General Washington, the better to cover and disguise his retreat from Trenton, had ordered a line of fires to be lighted up in front of his camp. These not only served to give an appearance of going to rest, and continuing that deception, but they effectually concealed from the British whatever was acting behind them, for flame can no more be seen through than a wall, and in his situation, it may with some propriety be said, they came a pillar of fire to the one army, and a pillar of a cloud to the other: after this, by a circuitous march of about eighteen miles, the Americans reached Princeton early in the morning.

The number of prisoners taken were between two and three hundred, with which General Washington immediately set off. The van of the British army from Trenton, entered Princeton about an hour after the Americans had left it, who, continuing their march for the remainder of the day, arrived in the evening at a convenient situation, wide of the main road to Brunswick, and about sixteen miles distant from Princeton. But so wearied and exhausted were they, with the continual and unabated service and fatigue of two days and a night, from action to action, without shelter and almost without refreshment, that the bare and frozen ground, with no other covering than the sky, became to them a place of comfortable rest. By these two events, and with but little comparitive force to accomplish them, the Americans closed with advantages a campaign, which but a few days before threatened the country with destruction. The British army, apprehensive for the safety of their magazines at Brunswick, eighteen miles distant, marched immediately for that place, where they arrived late in the evening, and from which they made no attempts to move for nearly five months.

Having thus stated the principal outlines of these two most interesting actions, I shall now quit them, to put the Abbe right in his misstated account of the debt and paper money of America, wherein, speaking of these matters, he says,

"These ideal riches were rejected. The more the multiplication of them was urged by want, the greater did their appreciation grow. The Congress was indignant at the affronts given to its money, and declared all those to be traitors to their country, who should not receive it as they would have received gold itself.

"Did not this body know, that possessions are no more to be controuled than feelings are? Did it not perceive, that in the present crisis, every rational man would be afraid of exposing his fortune? Did it not see, that in the beginning of a Republic it permitted to itself the exercise of such acts of despotism as are unknown even in the countries which are moulded to, and become familiar with servitude and oppression? Could it pretend that it did not punish a want of confidence with the pains which would have been scarcely merited by revolt and treason? Of all this was the Congress well aware. But it had no choice of means. Its despised and despicable scraps of paper were actually thirty times below their original value, when more of them were ordered to be made. On the 13th of September 1779, there was of this paper money, amongst the public, to the amount of £.35,544,155. The State owed moreover £.8,305,356, without reckoning the particular debts of single Provinces."

In the above-recited passages, the Abbe speaks as if the United States had contracted a debt of upwards of forty million pounds sterling, besides the debts of individual States. After which, speaking of foreign trade with America, he says, that "those countries in Europe, which are truly commercial ones, knowing that North America had been reduced to contract debts at the epoch even of her greatest prosperity, wisely thought, that in her present distress, she would be able to pay but very little, for what might be carried to her."