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Sign up freeThe Kentucky Gazette
Lexington, Fayette County, Kentucky
What is this article about?
Captain Atkins arrived in Boston from St. Maloes, France, reporting severe depreciation of assignats (3700 to a guinea), public distress and irritation over unstable currency, blame on the New Constitution, nostalgia for monarchy, anxiety for peace with England, unelected representatives, and fresh commotions in Paris beyond October disturbances, with no major eruption yet.
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On Sunday last arrived in this harbor, the schooner Industry, Capt. Atkins, in 51 days from St. Maloes in France. He sailed from thence about the 13th of November, but brought no news papers. His oral intelligence is melancholy; but nevertheless it is our duty to detail it. He declares, that assignats have so much depreciated in value, as to exchange now at the rate of 3700 for a guinea. This depreciation greatly distressed and irritated the common people: who after they had earned and received assignats, found it difficult, owing to their unstable value, to pass them to any one, even for articles of subsistence. They continually exclaimed against the New Constitution, which they conceived the cause of their recent misfortunes; they even remarked comparatively on their situation when they had restoration of monarchy. They are at the same time very anxious for a peace, even with England. About a week before sailing, news was received, of fresh commotions at Paris. These were other disturbances than those early in October, which he also heard of: the particulars had not been received. The people had not elected their representatives; and notwithstanding the prevalent dissatisfaction, no eruption had taken place.
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Foreign News Details
Primary Location
France
Event Date
About The 13th Of November
Key Persons
Outcome
no major eruption despite dissatisfaction; assignats depreciated to 3700 for a guinea
Event Details
Captain Atkins reports from France: assignats severely depreciated, causing distress among common people who struggle to use them for subsistence; public blames New Constitution for misfortunes and compares unfavorably to monarchy restoration; strong desire for peace with England; representatives not elected; fresh commotions in Paris a week before sailing, distinct from early October disturbances, details unknown.