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Fowle's New Hampshire Gazette And General Advertiser
Portsmouth, Rockingham County, New Hampshire
What is this article about?
North America faces precarious trade with uncertain remittances and limited credit from French, English, and Dutch, leading to frequent failures including a major Dutch American trading house stopping payment.
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North America is unquestionably in a very singular situation at present. The trade to that quarter is precarious. Much credit has been given, and the remittances are not only uncertain but doubtful. The French can give the Americans little or no credit; and the English and Dutch, who have done it, have suffered by it. Every day fresh failures happen in this line. The last mail from the Continent brought an account of an eminent house in Holland having stopped, which was an American trader. We know of the houses in London.
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Where did it happen?
Domestic News Details
Primary Location
North America
Outcome
fresh failures happen in this line; an eminent house in holland having stopped; houses in london affected
Event Details
North America is in a very singular situation at present. The trade to that quarter is precarious. Much credit has been given, and the remittances are not only uncertain but doubtful. The French can give the Americans little or no credit; and the English and Dutch, who have done it, have suffered by it. Every day fresh failures happen in this line. The last mail from the Continent brought an account of an eminent house in Holland having stopped, which was an American trader. We know of the houses in London.