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Domestic News
May 26, 1790
Gazette Of The United States
New York, New York County, New York
What is this article about?
Extract from a February 1790 letter from Quebec discusses the fur trade's importance to British revenue, American covetousness of the trading posts, potential ruin from competition if relinquished, and no signs of Britain giving them up.
Clipping
OCR Quality
95%
Excellent
Full Text
Extract of a letter from Quebec, Feb. 1790.
The posts we consider as the key to the fur trade---from which trade Great-Britain derives her principal revenue in this province, though it is not always equally productive.---This object is greatly coveted by the people of the States; but whenever it shall fall into their hands, they will be very much disappointed---for a spirit of rivalry will lead adventurers into such schemes if competition, and out bidding of each other, as will eventually ruin the trade---and as to any advantage it would be to their government, I can conceive of none.---Our merchants under the strictest regulations that our government can impose, are often sufferers by their speculations in this business.
With respect to relinquishing the posts we see no symptom of it.
The posts we consider as the key to the fur trade---from which trade Great-Britain derives her principal revenue in this province, though it is not always equally productive.---This object is greatly coveted by the people of the States; but whenever it shall fall into their hands, they will be very much disappointed---for a spirit of rivalry will lead adventurers into such schemes if competition, and out bidding of each other, as will eventually ruin the trade---and as to any advantage it would be to their government, I can conceive of none.---Our merchants under the strictest regulations that our government can impose, are often sufferers by their speculations in this business.
With respect to relinquishing the posts we see no symptom of it.
What sub-type of article is it?
Economic
Politics
What keywords are associated?
Fur Trade
British Posts
Quebec
American Interest
Trade Competition
Government Regulations
Where did it happen?
Quebec
Domestic News Details
Primary Location
Quebec
Event Date
Feb. 1790
Event Details
The fur trade is key to British revenue in the province via posts, though not always productive. Americans covet the posts but would be disappointed as rivalry would ruin the trade with no government advantage. British merchants suffer under regulations. No signs of relinquishing the posts.