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The Rhode Island American, And General Advertiser
Providence, Providence County, Rhode Island
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Letter from London, March 26, anticipates peace preliminaries with France soon, followed by America; highlights trade importance, European business boom from peace prospects, US animosity but individual hospitality, rising commodity prices, American ships in Baltic, and scarce Dutch goods.
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Extract of a letter dated London, March 26.
We are almost daily in the expectation of the signing of preliminaries of peace with France; peace with America will undoubtedly follow, as this government is well aware of the importance of our trade, and is desirous of peace on reasonable terms. Nothing will prevent a happy result at Gottenburg, but demands from our side of concessions which this government will never grant. American affairs are lost in the importance of those in Europe, and we hear nothing on the subject. Among people of all classes a considerable animosity prevails against the United States; but it does not extend to individual Americans who are treated, in every instance, with the utmost perfect hospitality, and politeness, and are in all respects as free as if no war existed. No one can see the high state of improvement, and the happiness of this country, without surprize. The activity of business is incredible so as even to render it difficult to obtain a ship for any voyage manufactured goods, as well as East and West-India produce are owing to large speculations in the prospect of peace, but as yet few shipments have been made to the continent. There is not sugar enough in England, for six months' supply but large importations are shortly expected from every quarter. Cotton and coarse woollen manufactures are from 30 to 50 per cent above the prices of last year, and it is thought the former will continue where they are in the event of peace. Fine woollens and hardware goods have not advanced. I understand there are 27 American ships in the Baltic, and several others ready to start at the moment of peace. Goods are low there, and the rate of exchange favourable with every other part of the continent, there is a loss of about 20 per cent against this country. In Holland they have scarcely waked from their long sleep. There are few goods to be had except gin, which is 62 cents per gallon. One Russian ship is loaded with that article for Boston.
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Foreign News Details
Primary Location
London
Event Date
March 26
Outcome
expectations of signing preliminaries of peace with france, followed by peace with america; high business activity due to peace prospects; cotton and coarse woollen manufactures 30 to 50 per cent above last year's prices; 27 american ships in the baltic; loss of about 20 per cent on exchange with continent; in holland, few goods except gin at 62 cents per gallon.
Event Details
Extract of a letter from London reports daily expectation of signing preliminaries of peace with France, with peace with America to follow due to importance of trade and desire for reasonable terms. Nothing but excessive demands will prevent happy result at Gottenburg. American affairs overshadowed by European ones; considerable animosity against United States but individual Americans treated with hospitality and politeness. High state of improvement and happiness in country; incredible business activity makes obtaining ships difficult. Rise in manufactured goods, East and West-India produce due to peace speculations, but few shipments to continent. Sugar shortage for six months, but large importations expected. Cotton and coarse woollen manufactures up 30-50 per cent; fine woollens and hardware unchanged. 27 American ships in Baltic, more ready to start at peace; goods low there, exchange favorable except 20 per cent loss against England. In Holland, few goods available except gin at 62 cents per gallon; one Russian ship loaded for Boston.