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Editorial
July 27, 1786
Fowle's New Hampshire Gazette And General Advertiser
Portsmouth, Rockingham County, New Hampshire
What is this article about?
Editorial critiques Rhode-Island's chaotic paper money policy under new administration, exposes scandals involving G. Irish; laments failed US commercial treaties due to weak Congress; reports brig Telemachus shipwreck; notes resolution of Passamaquoddy vessel seizures amid boundary disputes.
OCR Quality
95%
Excellent
Full Text
BOSTON, July 24.
If we are to rely on what we hear in publick conversation, says a correspondent, the times were never more dull or uninteresting:--but what shall we say to the state of our negociations abroad, and of our political affairs at home? are accounts of these things dull and uninteresting? The following may be depended on:--The state of Rhode-Island, at the election in May last, having changed their whole administration of their government, in the course of seven days issued a flood of paper money, a pretended necessity, and made it a tender in all cases, have lately imposed an arbitrary fine of 100l. on every person refusing it, or selling any article at a greater advance for paper than silver:--the consequence has been, that no meat, grain, or other provisions, are brought to market; the stores are all shut: no man can trust his neighbour; people of property and credit are about to move out of the state; the poor are suffering: mobs and riots are daily expected; and anarchy and confusion will probably soon rear their horrid heads in that distracted state: at a time too when the earth never brought forth her fruits in greater abundance. Is this an uninteresting event to the States or to Europe? G. Irish, who is said to be the principal mover in this paper-money scheme, and who really drove the business thro' their General Assembly, has made large purchases of cattle, grain, &c. with this vile medium, according to a late writer in the Providence Gazette; and yet the currency has so depreciated, at this time, that no person will receive it in payment, only as he is terrified into it by the severities of a law which would disgrace the reign of the most inhuman and bloody tyrant. One man too, if he deserves that title, who was very active in bringing forward the emission of paper bills, had the mortification, if he could be mortified, to hear read in the same General Assembly, a petition for the new trial of a cause in which he had recovered a large estate from a poor widow; and the reason assigned for a new hearing was, that he had obtained the cause by means of a deposition which was forged, together with the caption and the name of the Justice; of which he was knowing; the deposition purported to be taken in one of the eastern counties of this state. If this be fact, as it is currently reported to be, is it an uninteresting event, and to be passed over without a comment? Or are the motives of some men's political conduct no more to be exposed?
By all the late letters from Europe, some of which are as late as the 26th of May, and from the highest authorities, we are informed, that no treaties of commerce, beneficial to America, are likely to take place, Congress not having powers to regulate trade, to form treaties, or to procure a compliance with them when formed: Great-Britain complains, that we do not comply with the definitive treaty, and that we defraud her merchants; she will therefore have no treaty of commerce with us. The other powers, to whom we are in debt, seeing the low ebb of our publick credit, and the disgraceful situation in which we place the Head of the Union, are anxious for their interests, and forming deep designs against our's; while our divided councils, mean practices, and feeble federal government, invite all the nations on earth to distress, insult and tread upon us.
The brig Telemachus, Capt. Nathaniel Sargent, of Cape-Ann, was lately cast away on the Isle of Sables. She was bound from Georgia to Amsterdam; and nearly the whole of her cargo, consisting of rice and tobacco, together with the vessel, were lost. The men were saved.
We learn that the accounts of the seizures of our vessels, and preventing our navigation, in the bay of Passamaquoddy, as related in the publick papers, are now represented in a less unfavourable light.--The vessel that was seized has been restored, and the measure discountenanced by the government there. The Captain of another American...
...sailor was boarded that he was within the British province line, and desired to move within our lines, which he did, and no further difficulty ensued. In short, the seizure was made on or near the disputed territory; and as the line is not yet agreed on, we fear these disputes may frequently occur, till the boundary is amicably settled by commissioners from both sides.
If we are to rely on what we hear in publick conversation, says a correspondent, the times were never more dull or uninteresting:--but what shall we say to the state of our negociations abroad, and of our political affairs at home? are accounts of these things dull and uninteresting? The following may be depended on:--The state of Rhode-Island, at the election in May last, having changed their whole administration of their government, in the course of seven days issued a flood of paper money, a pretended necessity, and made it a tender in all cases, have lately imposed an arbitrary fine of 100l. on every person refusing it, or selling any article at a greater advance for paper than silver:--the consequence has been, that no meat, grain, or other provisions, are brought to market; the stores are all shut: no man can trust his neighbour; people of property and credit are about to move out of the state; the poor are suffering: mobs and riots are daily expected; and anarchy and confusion will probably soon rear their horrid heads in that distracted state: at a time too when the earth never brought forth her fruits in greater abundance. Is this an uninteresting event to the States or to Europe? G. Irish, who is said to be the principal mover in this paper-money scheme, and who really drove the business thro' their General Assembly, has made large purchases of cattle, grain, &c. with this vile medium, according to a late writer in the Providence Gazette; and yet the currency has so depreciated, at this time, that no person will receive it in payment, only as he is terrified into it by the severities of a law which would disgrace the reign of the most inhuman and bloody tyrant. One man too, if he deserves that title, who was very active in bringing forward the emission of paper bills, had the mortification, if he could be mortified, to hear read in the same General Assembly, a petition for the new trial of a cause in which he had recovered a large estate from a poor widow; and the reason assigned for a new hearing was, that he had obtained the cause by means of a deposition which was forged, together with the caption and the name of the Justice; of which he was knowing; the deposition purported to be taken in one of the eastern counties of this state. If this be fact, as it is currently reported to be, is it an uninteresting event, and to be passed over without a comment? Or are the motives of some men's political conduct no more to be exposed?
By all the late letters from Europe, some of which are as late as the 26th of May, and from the highest authorities, we are informed, that no treaties of commerce, beneficial to America, are likely to take place, Congress not having powers to regulate trade, to form treaties, or to procure a compliance with them when formed: Great-Britain complains, that we do not comply with the definitive treaty, and that we defraud her merchants; she will therefore have no treaty of commerce with us. The other powers, to whom we are in debt, seeing the low ebb of our publick credit, and the disgraceful situation in which we place the Head of the Union, are anxious for their interests, and forming deep designs against our's; while our divided councils, mean practices, and feeble federal government, invite all the nations on earth to distress, insult and tread upon us.
The brig Telemachus, Capt. Nathaniel Sargent, of Cape-Ann, was lately cast away on the Isle of Sables. She was bound from Georgia to Amsterdam; and nearly the whole of her cargo, consisting of rice and tobacco, together with the vessel, were lost. The men were saved.
We learn that the accounts of the seizures of our vessels, and preventing our navigation, in the bay of Passamaquoddy, as related in the publick papers, are now represented in a less unfavourable light.--The vessel that was seized has been restored, and the measure discountenanced by the government there. The Captain of another American...
...sailor was boarded that he was within the British province line, and desired to move within our lines, which he did, and no further difficulty ensued. In short, the seizure was made on or near the disputed territory; and as the line is not yet agreed on, we fear these disputes may frequently occur, till the boundary is amicably settled by commissioners from both sides.
What sub-type of article is it?
Economic Policy
Foreign Affairs
Partisan Politics
What keywords are associated?
Paper Money
Rhode Island
Commercial Treaties
Congress Powers
British Relations
Boundary Disputes
What entities or persons were involved?
Rhode Island State
G. Irish
Congress
Great Britain
Providence Gazette
Editorial Details
Primary Topic
Critique Of Rhode Island Paper Money Chaos And Weak Us Foreign Negotiations
Stance / Tone
Critical Of State Policies And Federal Government Weakness
Key Figures
Rhode Island State
G. Irish
Congress
Great Britain
Providence Gazette
Key Arguments
Rhode Island's New Administration Issued Depreciated Paper Money Causing Economic Chaos And Potential Anarchy
G. Irish Profited From Paper Money Scheme Amid Personal Scandals
No Beneficial Us Commercial Treaties Likely Due To Congress's Lack Of Powers
Britain Refuses Commerce Treaty Over Us Non Compliance With Definitive Treaty
Weak Federal Government Invites International Distress
Passamaquoddy Seizures Resolved But Boundary Disputes Persist