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The New Hampshire Gazette
Portsmouth, Rockingham County, New Hampshire
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Advices from France on November 2 report the French King's finances exhausted, prompting suspension of public payments and peace proposals to Britain, accepted by the English ministry with a promise of a congress before year's end to end the war and restore credit.
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Advices from France say that the King's finances were found to be much exhausted, that the comptroller general had been obliged to have recourse to the suspension of the different payments and reimbursements of the public funds, in order to provide for the more urgent necessities, which the close of the present campaign does inevitably require. But that as the King's treasure was so reduced that it was impossible to continue the war, they had found themselves under a necessity of making such proposals of peace to the King of Great Britain, as they had no doubt would be accepted. And that the English ministry had found them so reasonable, that they had expressly promised to open a congress before the end of the year, for concluding a definitive treaty of peace. That they were therefore in hopes the campaign, which was now concluding, would be the last; and that the ministry of France, by the restoration of peace, would be enabled to maintain the credit of the state, and to fulfil the engagements they had made, without being obliged to proceed upon new reductions.
Time will inform us whether these advices are well grounded or not. But they positively assure us we may depend upon their authenticity, as they come from the fountain head.
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Foreign News Details
Primary Location
France
Event Date
November 2
Key Persons
Outcome
proposals of peace made to the king of great britain and accepted by the english ministry, who promised to open a congress before the end of the year for a definitive treaty of peace; hopes that the current campaign will be the last
Event Details
Advices from France report that the King's finances are much exhausted, leading the comptroller general to suspend payments and reimbursements of public funds to meet urgent necessities required by the close of the present campaign. Due to reduced treasure making continuation of the war impossible, peace proposals were made to the King of Great Britain, deemed reasonable by the English ministry, who promised a congress before year's end. This is expected to enable the French ministry to maintain state credit and fulfill engagements without new reductions.