When was it published?

September 1, 1738 in The Virginia Gazette

Foreign News September 1, 1738

The Virginia Gazette

Q: What keywords are associated?

Lending Frenzy, Public Securities, Emperor Borrowing, Holland Refusal, Utrecht Subscriptions

Richmond, Williamsburg, Richmond County, Virginia

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What is this article about?

A frenzy of lending money on public securities in Europe leads merchants from Amsterdam, Rotterdam, and other Dutch cities to rapidly subscribe at Utrecht for the Emperor's 2.5 million loan, despite the States of Holland's refusal to allow it there.

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Full Text

The Phrenzy of lending Money upon publick Securities, is now got to such a Height in Europe, that tho' the States of Holland refused to grant Liberty to the Emperor to borrow Money by a publick Subscription in Holland, upon some of the Revenues of Bohemia, yet the States of Utrecht having granted him that Liberty, the Merchants of Amsterdam, Rotterdam, and the other Cities of the Province of Holland, are subscribing at Utrecht so fast, and sending their Money thither in such abundance, that it is not doubted but that the two Millions and a half the Emperor proposes to borrow, will all be subscribed for in a short Time.

What sub-type of article is it?

Economic Diplomatic

What keywords are associated?

Lending Frenzy Public Securities Emperor Borrowing Holland Refusal Utrecht Subscriptions

What entities or persons were involved?

The Emperor

Where did it happen?

Utrecht

Foreign News Details

Primary Location

Utrecht

Key Persons

The Emperor

Outcome

the two millions and a half the emperor proposes to borrow, will all be subscribed for in a short time

Event Details

The Phrenzy of lending Money upon publick Securities is at a high in Europe; States of Holland refused the Emperor liberty to borrow by publick Subscription in Holland on Revenues of Bohemia, but States of Utrecht granted it, leading Merchants of Amsterdam, Rotterdam, and other Cities of Province of Holland to subscribe fast at Utrecht and send Money in abundance.