The New Hampshire Gazette

PORTSMOUTH, NOVEMBER 24

The effect of peace in Europe upon this country is a matter of great speculation—in which there are various opinions—in one thing they seem all to unite—namely, the immediate reduction of prices of all kinds of country produce. Labour also must fall one half at least. Perhaps in this town the alteration will not be sudden as in the larger sea ports—but we may venture to prognosticate, that before the month of February the prices will be as low as before the war. Why should it be otherwise? is the natural enquiry—It is an acknowledged fact, that both in this country and in Europe, there never were more abundant crops (taken collectively) than there were the present year. The usual source of remittance from this country in some measure failing—money must consequently grow scarcer—specie must disappear, and the banks be compelled to call in: consequently those in debt must experience some trouble. The unnatural value placed upon real estate in our seaports must also cease—and in a degree, the price of lands in the country must fall.—It may by some, be thought unnecessary to alarm people, but certainly there can be no injury in saying the present is the best time to pay debts.