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Portsmouth, Exeter, Rockingham County, New Hampshire
What is this article about?
In Philadelphia, nearly 200 vessels arrived from abroad since May 3, bringing valuable cargoes. The public regrets the failure of the five percent impost, which, if implemented per the Financier's plan, could have generated funds to reduce army debts and alleviate soldiers' distress.
OCR Quality
Full Text
Since the third of May near 200 vessels have arrived at this port from abroad, most of which have brought valuable cargoes.
The people in general, impressed with the just ideas of the utility of the five per cent. impost, regret its miscarriage, and begin to experience the baleful effects of a pernicious opposition.
Had it been laid. agreeable to the Financier's plan, the duties which would have arisen on foreign articles already imported, would have produced a handsome Fund for a speedy diminution of army debts ; and the soldier's distress might have been greatly alleviated by a generous payment, besides the liquidation of his account, on receiving a dismission from the service.
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Where did it happen?
Domestic News Details
Primary Location
Philadelphia
Event Date
June 25
Key Persons
Outcome
regret over miscarriage of five per cent. impost; potential alleviation of soldiers' distress and diminution of army debts if implemented.
Event Details
Nearly 200 vessels arrived at Philadelphia port from abroad since the third of May, most carrying valuable cargoes. The public regrets the failure of the five per cent. impost due to opposition, experiencing its negative effects. If laid per the Financier's plan, it would have produced funds from duties on imported foreign articles for reducing army debts and generously paying soldiers upon dismissal.