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Editorial
March 9, 1764
The New Hampshire Gazette And Historical Chronicle
Portsmouth, Greenland, Rockingham County, New Hampshire
What is this article about?
A 1764 New Hampshire editorial warns of an impending economic crisis as colonial paper money nears expiration and cannot be renewed as legal tender, predicting a need for imported hard currency or none at all, and calls for public awareness to devise solutions.
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PORTSMOUTH
TO THE PUBLIC.
THE State of this Province must be very critical in a short Time, (if I am not mistaken) for the Periods of our Paper Money now passing are nigh at Hand : And the Governments being hindered from making their Bills a legal Tender for the future, will effectually prevent the Use of Paper Money in common Business ; so that in a very few Years we must have either the hard Task of importing Silver or Gold from abroad to make a Currency, or else we shall have the harder of having no Money at all.
And as our Men of deep Penetration, are at present busily employed to find out Ways of making private Gain by the several Sorts of Bills already out, it were greatly to be wished that some one, forgetting his own private Interest for a few Days, would endeavour to set our impending Difficulties in so clear a Light, that every one might be sensible of them ; and then perhaps some Methods might be found out and prosecuted so vigorously as to alleviate, if not in a good Measure to prevent the bad Effects of changing our Medium of Trade.
NEW-HAMPSHIRE, 1764.
TO THE PUBLIC.
THE State of this Province must be very critical in a short Time, (if I am not mistaken) for the Periods of our Paper Money now passing are nigh at Hand : And the Governments being hindered from making their Bills a legal Tender for the future, will effectually prevent the Use of Paper Money in common Business ; so that in a very few Years we must have either the hard Task of importing Silver or Gold from abroad to make a Currency, or else we shall have the harder of having no Money at all.
And as our Men of deep Penetration, are at present busily employed to find out Ways of making private Gain by the several Sorts of Bills already out, it were greatly to be wished that some one, forgetting his own private Interest for a few Days, would endeavour to set our impending Difficulties in so clear a Light, that every one might be sensible of them ; and then perhaps some Methods might be found out and prosecuted so vigorously as to alleviate, if not in a good Measure to prevent the bad Effects of changing our Medium of Trade.
NEW-HAMPSHIRE, 1764.
What sub-type of article is it?
Economic Policy
What keywords are associated?
Paper Money
Currency Crisis
Legal Tender
New Hampshire
Trade Medium
What entities or persons were involved?
New Hampshire Government
Men Of Deep Penetration
Editorial Details
Primary Topic
Impending Crisis In Colonial Paper Money Currency
Stance / Tone
Concerned Warning Urging Public Action
Key Figures
New Hampshire Government
Men Of Deep Penetration
Key Arguments
State Of Province Critical As Paper Money Periods End Soon
Government Hindered From Making New Bills Legal Tender
Will Prevent Paper Money Use In Business
Must Import Silver Or Gold Or Have No Currency In Few Years
Men Focused On Private Gain From Existing Bills
Need Someone To Highlight Difficulties For Solutions