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The New Hampshire Gazette And Historical Chronicle
Portsmouth, Greenland, Rockingham County, New Hampshire
What is this article about?
Extract from Jamaica letter dated April 10 reports that British orders designating men-of-war as custom officers and subsequent seizures have scared off Spanish traders, causing scarcity of Spanish coin, reliance on paper money, and likely diversion of trade in British manufactures to French and Dutch territories.
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Extract of a letter from Jamaica, April 10.
" I am very sorry to tell you, that by the last orders received here for swearing in all the men of war as Custom house officers, and by a seizure or two made in consequence thereof, the Spaniards are so terrified, that they will not run the risk of bringing hither either money or mules to trade with us ; so that a pistole is now rarely to be met with ; and, in a very short time this island, which always abounded with Spanish coin, and remitted such quantities of it to England, will have no other currency than Paper Money : The Spaniards will very soon be supplied with linens, woolens, silks, cutlery, &c. from the French and Dutch territories, who will probably know how to set a true value on this branch of trade, and take care to keep it. We are quite at a loss to know what harm Spanish money ever did in England, or where is the mischief to our mother country, in supplying the Spaniards with the manufactures of Great Britain."
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Where did it happen?
Foreign News Details
Primary Location
Jamaica
Event Date
April 10
Outcome
scarcity of spanish coin leading to paper money currency; trade in british manufactures likely shifting to french and dutch suppliers.
Event Details
New orders swearing in men-of-war as custom house officers and resulting seizures have terrified Spanish traders, preventing them from bringing money or mules to Jamaica for trade. This island, previously abundant in Spanish coin remitted to England, faces loss of that currency. Spaniards expected to source linens, woolens, silks, cutlery from French and Dutch territories instead.