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Commercial
September 8, 1810
Event 2 of 2
The Rhode Island Republican
Newport, Newport County, Rhode Island
What is this article about?
Financial distress in England's country banks leads to confusion on London stock exchange on July 21, with 10 defaulters among speculators; funds recover, 3% at 68-69 by July 28. In Dublin, 152 bankruptcies and over 300 compromises in six months to July.
Clipping
OCR Quality
98%
Excellent
Full Text
This is Event 2 of 2. The full text below covers all events in this component.
LONDON, July 21.
The Country Banks (of England) are beginning to experience the effects of large discounts and commercial embarrassments: Yesterday being settling day, a great scene of confusion and distress was experienced on the stock exchange. Ten Stockholders were declared defaulters. The funds were at first depressed by the event; but afterwards recovered confidence. All the failures are among the new speculating firms, and desperate adventurers. At the last date (July 28th) the 3 per cents were at 68 to 69.
One hundred and fifty two Bankruptcies, happened in Dublin, during the six months previous to last July; besides more than double that number of persons who have had compromises with their creditors, some of them as low as 2s 6d in the pound.
The Country Banks (of England) are beginning to experience the effects of large discounts and commercial embarrassments: Yesterday being settling day, a great scene of confusion and distress was experienced on the stock exchange. Ten Stockholders were declared defaulters. The funds were at first depressed by the event; but afterwards recovered confidence. All the failures are among the new speculating firms, and desperate adventurers. At the last date (July 28th) the 3 per cents were at 68 to 69.
One hundred and fifty two Bankruptcies, happened in Dublin, during the six months previous to last July; besides more than double that number of persons who have had compromises with their creditors, some of them as low as 2s 6d in the pound.
What sub-type of article is it?
Appointment
Economic
What keywords are associated?
Bankruptcies
Dublin
Creditor Compromises
Where did it happen?
Dublin
Commercial Details
Location
Dublin
Event Date
Six Months Previous To Last July
Notable Details
One Hundred And Fifty Two Bankruptcies
More Than Double That Number Of Persons Who Have Had Compromises With Their Creditors, Some As Low As 2s 6d In The Pound