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The Virginia Gazette
Richmond, Williamsburg, Richmond County, Virginia
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Letter from Baltimore speculates that Dominica's capture will cause major economic turmoil and bankruptcies in London due to colonial debts; hints at possible repeat of Burgoyne's defeat in southern America.
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"The capture of Dominica it is imagined, when known in London, will create more confusion, and be productive of more bankruptcies, than any event that has happened these twenty years past. It is certain many of the first settlers in that island set out on speculation only, some of whom having met with success, lured others on to their ruin. The assistance of the London merchant was then called in; so that, at the time the island was taken, it owed more than it would sell for at publick sale.
If the people of this state will now exert themselves, there may soon be another Burgoynade, in the southern quarter of America."
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Where did it happen?
Foreign News Details
Primary Location
Dominica
Event Date
Nov. 18
Outcome
capture expected to cause confusion and bankruptcies in london; island owed more than its public sale value
Event Details
Letter imagines capture of Dominica will create more confusion and bankruptcies in London than any event in twenty years; first settlers speculated, leading others to ruin with London merchant assistance; suggests potential for another Burgoynade in southern America if people exert themselves