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The Virginia Gazette
Richmond, Williamsburg, Richmond County, Virginia
What is this article about?
Extract from a January 8 letter from London, reported in Philadelphia on April 9, details merchants' meeting to form a committee for colonial paper currency issuance. They propose reverting to old terms, supported by the Ministry, aiming for simplest relief method under proper regulations for mutual advantage.
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Extract of a letter from London, dated January 8. "The merchants met on Wednesday, and formed a committee to apply for leave to create more paper currency in the colonies; but many wild schemes, as we thought them, were talked of. But we having conversed with some of the Ministry, proposed settling it on the old footing, to which they seemed very well disposed, and which we shall endeavour to support. On Monday, when the committee meets to consider all the various proposals, we shall endeavour to fix upon the simplest and speediest method for your relief; as we came to an unanimous determination that paper currency in the colonies, under proper regulations, was of mutual advantage."
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Where did it happen?
Domestic News Details
Primary Location
London
Event Date
January 8
Outcome
unanimous determination to support paper currency in colonies under proper regulations for mutual advantage.
Event Details
Merchants met on Wednesday to form a committee applying for leave to create more paper currency in the colonies. Various schemes discussed; after conversing with Ministry, proposed settling on old footing, which they support. Committee to meet Monday to select simplest method for relief.