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Sign up freeGazette Of The United States
New York, New York County, New York
What is this article about?
A correspondent highlights the distress caused by the sudden halt in copper coin circulation, severely impacting the poor who relied on it, leading to closed shops, suspended street cries, and difficulty purchasing essentials like bread and vegetables. Merchants and shopkeepers hold large amounts and face losses.
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Domestic News Details
Outcome
distress to poorer citizens, closure of retail shops, difficulty purchasing bread and vegetables, anticipated losses for merchants and shopkeepers holding large sums of copper coin.
Event Details
Sudden stoppage of copper coin circulation causes confusion and distress, particularly affecting the poor who invested their savings in it; retail shops shut, street cries suspended, bakers and markets hard to access; issue foreseen but coppers continued to flood in for months, inferior to Woods' brass money.