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Foreign News
January 22, 1767
The Virginia Gazette
Richmond, Williamsburg, Richmond County, Virginia
What is this article about?
A letter from Amsterdam dated November 7, 1766, describes a stagnant economy with trade at a low point, sarcastically noting bankruptcy as the sole lucrative activity, which may soon become widespread and restore the country's prosperity unless obstructed by magistrates.
Clipping
OCR Quality
98%
Excellent
Full Text
Extrait of a letter from Amsterdam, dated November 7, 1766.
Nothing new happens in this quarter, trade being at a low ebb, only one lucrative branch remains, Bankruptcy. It is not yet universally followed, but has turned so much to the honour and profit of some who have engaged in it, that unless our Magistrates should, by weak and ill advice, throw obstacles in the way, it is not to be doubted but it will in a short time grow more general, redound to the advantage and reputation of this country, and restore it to its ancient splendour.
Nothing new happens in this quarter, trade being at a low ebb, only one lucrative branch remains, Bankruptcy. It is not yet universally followed, but has turned so much to the honour and profit of some who have engaged in it, that unless our Magistrates should, by weak and ill advice, throw obstacles in the way, it is not to be doubted but it will in a short time grow more general, redound to the advantage and reputation of this country, and restore it to its ancient splendour.
What sub-type of article is it?
Economic
What keywords are associated?
Amsterdam Economy
Trade Decline
Bankruptcy Trend
Dutch Commerce
Where did it happen?
Amsterdam
Foreign News Details
Primary Location
Amsterdam
Event Date
November 7, 1766
Event Details
Trade is at a low ebb with nothing new happening; bankruptcy is the only lucrative branch, profitable and honorable for some, likely to become more general and restore the country's advantage and reputation unless magistrates interfere.