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Domestic News
March 31, 1808
The Wheeling Repository
Wheeling, Ohio County, West Virginia
What is this article about?
In February 1808, Orlean traders in Augusta, Kentucky, were in a precarious situation with perishable property worth $1,000 to $15,000, hesitant to ship to New Orleans due to market uncertainties; some who left regretted it, amid extreme money scarcity.
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Full Text
Extract of a letter to the Editor, from a gentleman at Augusta, Kentucky, dated the 21st February, 1808.
"The Orlean traders in this country are in a very precarious situation at present. Many of them have on hand from one to ten and fifteen thousand dollars worth of property, all perishable, and do not think worth while starting it to that market. Some have went from this port, and from all accounts, they wish themselves back with their property.-- Money was never known to be so scarce as it now is."
"The Orlean traders in this country are in a very precarious situation at present. Many of them have on hand from one to ten and fifteen thousand dollars worth of property, all perishable, and do not think worth while starting it to that market. Some have went from this port, and from all accounts, they wish themselves back with their property.-- Money was never known to be so scarce as it now is."
What sub-type of article is it?
Economic
What keywords are associated?
Orlean Traders
Perishable Property
New Orleans Market
Money Scarcity
Augusta Kentucky
Where did it happen?
Augusta, Kentucky
Domestic News Details
Primary Location
Augusta, Kentucky
Event Date
The 21st February, 1808
Outcome
precarious situation for traders with perishable property; extreme scarcity of money.
Event Details
Orlean traders have large amounts of perishable property they hesitate to send to market; some who departed from the port regret it and wish to return with their goods.