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Richmond, Williamsburg, Richmond County, Virginia
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British commentary from London on March 3 expresses concern over pressing seamen for naval war with France or Spain, contrasted with fears of continental land war involvement, subsidies to European powers like Russia and Austria, and economic strains from circulating money and increasing debts.
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March 3.
The Pressing of Seamen Seems to have already alarm'd our Pigmy Politicians, who are very well satisfied, that in Spight of all Incumbrances we can find Money enough to carry on a Sea War with France, or Spain, or both; but cannot conceive how we may hold out, if, through our unavoidable Connections with Powers on the Continent, we should be drawn into a Land War.—To make them easy on this Score, let it be allowed, that in whatever Part of Europe a Rupture happens, the Flames of War will gradually spread to every Corner of it; and what then will be the Consequence?—Why truly, our Money will circulate among Foreigners, to maintain some of our own Troops Abroad, and also in Subsidies to Russia, Austria, Bavaria, Saxony, Mentz, &c. &c. and Paper will circulate at Home, and Debts and Taxes will increase, and Interest will rise or fall, according as moneyed Folks may be wise or foolish. On the other Hand it must be allowed, that a great deal of France's Cash already circulates on the same Score in the North, in Germany, and in Italy, and that it may be reasonably presumed her Expences will increase on the Continent, in Case of a War, though it is apparent she intends to spend more at Sea than she did, or could do in the last War. So that there is nothing more to be said on this Head, than that the worst Oeconomist will break first.
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Foreign News Details
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Europe
Event Details
Commentary on British politicians' satisfaction with funding naval war against France or Spain but concerns over continental land war involvement through connections with powers, leading to subsidies to Russia, Austria, Bavaria, Saxony, Mentz, and economic consequences like circulating money, increasing debts, taxes, and interest fluctuations; contrasts with France's similar expenditures and intent to spend more at sea.