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Fowle's New Hampshire Gazette And General Advertiser
Portsmouth, Rockingham County, New Hampshire
What is this article about?
From Kingston, Jamaica, Nov. 26: London commerce with America is nearly abandoned as merchants refuse credit beyond minimal amounts due to risks; examples include bills paying one shilling per pound and a promissory note for 250l. payable 17 months after an American trader's mother's death.
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Kingston, Nov. 26. The commerce with America seems now to be almost entirely given up in London, for no merchant in his senses will give credit to the amount of 100l. to above one house in twenty on the continent. One house in the city received bills to be paid in 12 months, to discharge one shilling in the pound; and a most curious promissory note for one shilling and nine pence in the pound, for 250l. payable 17 months after the decease of the American Trader's Mother, was received by another.
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Foreign News Details
Primary Location
Kingston, Jamaica
Event Date
Nov. 26
Outcome
commerce with america almost entirely given up in london; bills paying one shilling in the pound in 12 months; promissory note for one shilling and nine pence in the pound on 250l., payable 17 months after american trader's mother's decease.
Event Details
The commerce with America seems now to be almost entirely given up in London, for no merchant in his senses will give credit to the amount of 100l. to above one house in twenty on the continent. One house in the city received bills to be paid in 12 months, to discharge one shilling in the pound; and a most curious promissory note for one shilling and nine pence in the pound, for 250l. payable 17 months after the decease of the American Trader's Mother, was received by another.