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The New Hampshire Gazette And Historical Chronicle
Portsmouth, Greenland, Rockingham County, New Hampshire
What is this article about?
Letter from Barbados reports unprecedented abundance of silver due to payments in specie for Northern colonies' produce, reduced local currency, and heavy exports of dollars to England and continent, crediting beneficial trade connections with Havana, now lost, likened to Solomon's Ophir.
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There never was greater plenty of silver here than at present; all our payments for the produce of the Northern colonies are made in specie; and our currency, as you may well imagine, has been considerably reduced; notwithstanding which, scarce a vessel departs either for England or the continent, without having great quantities of dollars shipped on board, which plainly demonstrates how vastly beneficial, with regard to trade, our late connections with the Havana has been, and at the same time our loss, or rather infatuation to give it up. --It was, while in our hands, like Solomon's land of Ophir, to these Islands.
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Where did it happen?
Foreign News Details
Primary Location
Barbados
Outcome
vastly beneficial trade connections with havana leading to silver abundance, but loss of havana lamented as infatuation.
Event Details
Greater plenty of silver in Barbados than ever; payments for Northern colonies' produce in specie; reduced local currency; vessels departing for England or continent carry great quantities of dollars; demonstrates benefits of late connections with Havana and folly in giving it up; compared to Solomon's Ophir for these islands.