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The Virginia Gazette
Richmond, Williamsburg, Richmond County, Virginia
What is this article about?
Extract from a London letter dated May 29, 177? (published in Philadelphia Aug 4), reports that fears of war with France and Spain have subsided despite their warlike preparations. British government discontinues seamen bounty but keeps fleet ready; stocks return to normal, public credit improving but expected to be curtailed after unlimited practices in Britain and America.
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Extract of a Letter from London, May 29.
SINCE our last the Apprehensions of a War have greatly subsided. Though it is evident that France and Spain have been making warlike Preparations, which have occasioned various Conjectures; but as they appear to be peaceably disposed towards us, our Government has discontinued the Bounty for Seamen, notwithstanding a Fleet is ready, in Case of Need. The Stocks, however, are returned to their usual State. We have nothing new to mention in Regard to publick Credit, which we think seems rather on the mending Hand; but it is expected that the general unlimited Credit, which has prevailed here and in America, will be greatly curtailed.
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Where did it happen?
Foreign News Details
Primary Location
London
Event Date
May 29
Outcome
fears of war subsided; seamen bounty discontinued; fleet kept ready; stocks returned to usual state; public credit mending but expected to be curtailed.
Event Details
Apprehensions of war with France and Spain have greatly subsided despite their evident warlike preparations causing conjectures. They appear peaceably disposed, leading the government to discontinue the bounty for seamen while keeping a fleet ready if needed. Stocks have returned to their usual state, and public credit seems on the mending hand, though unlimited credit in Britain and America is expected to be greatly curtailed.