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Editorial August 27, 1772

The Virginia Gazette

Richmond, Williamsburg, Richmond County, Virginia

What is this article about?

An editorial decries the collapsing public credit and impending bankruptcies in Britain, blaming the King's administration and ministers like Lords North, Sandwich, Bute, and others for indifference and corruption that undermine national confidence and the constitution.

Merged-components note: Continuation of editorial on public credit across pages.

Clippings

1 of 2

OCR Quality

95% Excellent

Full Text

The present tottering State of publick Credit is truly alarming. The late capital Failures, and the many more which are expected, have put an End to all Confidence; in so much that every Day has the Appearance of being a Scramble among Individuals, each for his own Property. In this Consternation and Confusion, almost every Banker's Shop in Town is spoke of. Scotland is said to be undone. Did the Matter end there, it would not be of much Importance. But, unhappily, such are the Connexions of Trade, the English are too deeply concerned. Whatever may be the End of this most alarming Business, whether it stops here, or whether it proceeds to a general Bankruptcy, it is impossible to express the Indignation which every Man shows at the astonishing Unconcern and Supineness with which the King and his Ministers behold the approaching Ruin of a great Number of respectable Families: Lord Sandwich revelling in the Arms of a Strumpet; Lord North hugging himself in two Yards of blue Riband; the Arch-Traitor, or rather the greatest Villain that ever the Laws left unpunished, viewing the Storm from his Retreat at Canewood; Bradshaw, and the Duke of Grafton, plotting some new Wound on the Constitution, or making some infamous Bargain with some profligate Peer to vote away the Rights of the People; the two trusty Scots, Sir Gilbert Elliot and Stuart Mackenzie, conveying the Secret Orders of the Earl of Bute to the Council; and the two Messengers, Jenkinson and Dyson, to the rest of the placed and pensioned Traitors, who are all paid with the publick Money (dearly and hardly earned by the unhappy People) to destroy their Country.

ceasing Care, Anxiety, and Labour, of the industrious Trader) to support a scandalous and detestable System of Power. Every Evil with which the Nation is afflicted is owing to the Weakness and Wickedness of this Administration. The Nation has no Confidence in this Set of Men. What are the Abilities of Lord North? Confessedly beneath Estimation; a Clerk of yesterday under Mr. Grenville. Lord Mansfield and Lord Bute are the Advisers, Men who are known to hold Principles incompatible with the Freedom of this Country. And the King has set himself at the Head of these Men, and seems determined not to part with them, because they are the Creatures of his Will. It is this hopeless Prospect which has destroyed all publick Faith, and that will inevitably be followed by the entire Destruction of all publick Credit. When Government is every Where hated and despised, Individuals must look to themselves. Each Man must take Care of his own Property, for there are neither Abilities nor Honesty in Administration to lift a Finger in Protection of the Whole.

What sub-type of article is it?

Partisan Politics Economic Policy Constitutional

What keywords are associated?

Public Credit Financial Crisis Government Corruption Ministerial Indifference Constitutional Rights Political Intrigue National Bankruptcy

What entities or persons were involved?

King Lord Sandwich Lord North Lord Bute Bradshaw Duke Of Grafton Sir Gilbert Elliot Stuart Mackenzie Jenkinson Dyson Lord Mansfield Mr. Grenville

Editorial Details

Primary Topic

Indifference Of The King And Ministers To Collapsing Public Credit

Stance / Tone

Indignant Criticism Of Government Corruption And Weakness

Key Figures

King Lord Sandwich Lord North Lord Bute Bradshaw Duke Of Grafton Sir Gilbert Elliot Stuart Mackenzie Jenkinson Dyson Lord Mansfield Mr. Grenville

Key Arguments

Public Credit Is Tottering Due To Failures And Loss Of Confidence Government Connexions Make English Trade Deeply Affected King And Ministers Show Unconcern Amid Ruin Of Families Ministers Engage In Revelry, Plotting, And Secret Orders Public Money Funds Traitors To Destroy The Country All National Evils Stem From Administration's Weakness And Wickedness Nation Lacks Confidence In Lord North's Abilities And Advisers Like Bute And Mansfield King's Attachment To These Men Destroys Public Faith Hopeless Prospect Leads To Destruction Of Credit Individuals Must Protect Their Own Property As Government Fails

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