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Domestic News
September 26, 1791
The Patowmac Guardian, And Berkeley Advertiser
Martinsburg, Shepherdstown, Berkeley County, Jefferson County, West Virginia
What is this article about?
In Portland, Massachusetts, swindlers and stock-jobbers are defrauding widows of state notes by buying them cheaply at 10-12 on the pound, despite market value of 17-18s, exploiting those whose husbands died in service.
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UNITED STATES.
MASSACHUSETTS.
PORTLAND, August 19.
From a Correspondent,
Since the late rise of public securities, there has scarcely a day passed but we see more or less Swindlers and petty stock-jobbers riding through the country purchasing them. It is said many widows have been prevailed on to sell their state notes at 10 or 12 on the pound, (being informed that was the highest they would fetch) when the same were selling at 17 or 18s. What must be the feelings of the widows and fatherless, when they find themselves thus defrauded of great part of their little, and that, not unlikely, the earnings of their late Husbands, who died in the service of their country, by these pests of society, who ought to be despised and discountenanced by every member of the community.
MASSACHUSETTS.
PORTLAND, August 19.
From a Correspondent,
Since the late rise of public securities, there has scarcely a day passed but we see more or less Swindlers and petty stock-jobbers riding through the country purchasing them. It is said many widows have been prevailed on to sell their state notes at 10 or 12 on the pound, (being informed that was the highest they would fetch) when the same were selling at 17 or 18s. What must be the feelings of the widows and fatherless, when they find themselves thus defrauded of great part of their little, and that, not unlikely, the earnings of their late Husbands, who died in the service of their country, by these pests of society, who ought to be despised and discountenanced by every member of the community.
What sub-type of article is it?
Crime
Economic
What keywords are associated?
Swindlers
Stock Jobbers
Public Securities
State Notes
Widows Defrauded
Where did it happen?
Portland, Massachusetts
Domestic News Details
Primary Location
Portland, Massachusetts
Event Date
August 19
Outcome
widows and fatherless defrauded of great part of their state notes, sold at 10 or 12 on the pound instead of 17 or 18s.
Event Details
Swindlers and petty stock-jobbers are purchasing public securities and state notes from widows at undervalued prices by misleading them on market rates, following a recent rise in securities.