When was it published?

July 16, 1819 in Kentucky Gazette

Foreign News July 16, 1819

Kentucky Gazette

Q: What keywords are associated?

European Economy, Cotton Prices, Tobacco Prices, Business Failures, British Parliament, Bank Restrictions

Lexington, Fayette County, Kentucky

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What is this article about?

Recent European news indicates low cotton and tobacco prices in England, numerous distinguished house failures on the continent, and British parliamentary consideration of bank concerns, favoring continued restrictions on cash payments with future gold exchange at 4 pounds 1 shilling per ounce. South American articles appear elsewhere.

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OCR Quality

98% Excellent

Full Text

European extracts, of the last dates, furnish very little news. Cotton and Tobacco continue low in England. On the continent, many distinguished houses have failed. The British parliament had before them the bank concerns. The proposition most likely to succeed, is a continuance of the restriction on cash payments; and after the lapse of a given period, that the bank shall give in exchange for its notes gold duly assayed, so as not to make more than 4 pounds 1 shilling to the ounce. Under the proper head will be found the articles of most interest from South America.

What sub-type of article is it?

Economic

What keywords are associated?

European Economy Cotton Prices Tobacco Prices Business Failures British Parliament Bank Restrictions

Where did it happen?

Europe

Foreign News Details

Primary Location

Europe

Event Date

Last Dates

Outcome

cotton and tobacco continue low in england; many distinguished houses have failed on the continent; proposition for continuance of restriction on cash payments, followed by gold exchange at 4 pounds 1 shilling to the ounce

Event Details

European extracts furnish very little news. Cotton and Tobacco continue low in England. On the continent, many distinguished houses have failed. The British parliament had before them the bank concerns. The proposition most likely to succeed is a continuance of the restriction on cash payments; and after the lapse of a given period, that the bank shall give in exchange for its notes gold duly assayed, so as not to make more than 4 pounds 1 shilling to the ounce.