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Editorial December 13, 1770

The Virginia Gazette

Richmond, Williamsburg, Richmond County, Virginia

What is this article about?

Editorial dismissing rumors of impending war with France or Spain to reassure creditors of public funds, arguing their finances are too weak post-peace to pose a threat, and suggesting such fears serve to manipulate stocks and alarm the public.

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OCR Quality

98% Excellent

Full Text

A Cordial for the Creditors of the Publick Funds.

Here are, to what purpose I know not, certain people attempting to persuade the publick that we are on the eve of war, at a time when there is not existing a nation, that we are acquainted with, that has either power or disposition to quarrel with us, or the minutest cause of dispute at present in question. Whether this nonsense about a war be merely to fill up the papers, fall the stocks, propagate monopoly, alarm the people, terrify the Ministry, or what not, it is certainly very idle, if not very wicked; but as weak or inexperienced persons are apt to credit they know not what, or why, I have taken some pains to collect the following certain facts, which, if but half as well attended to as the ridiculous publications about war, will circumscribe the meanest apprehensions within the circle of truth and common sense, and in consequence preserve them from being the dupes of party, brokers, monopolists, &c. And unless the writers of groundless paragraphs are able to make out that France and Spain have expended since the peace two hundred and twenty two millions of French livres, and have thereby put their navy and the restored conquests, &c. into the same condition they were before the war commenced, and that the finances of France are not in the most shattered condition, the proprietors of the publick funds may sleep in profound security.

VIGILATOR.

What sub-type of article is it?

Economic Policy Foreign Affairs War Or Peace

What keywords are associated?

Public Funds War Rumors France Spain Stock Manipulation Monopoly Ministry Alarm

What entities or persons were involved?

France Spain Ministry Proprietors Of The Publick Funds

Editorial Details

Primary Topic

Reassurance Against Unfounded War Fears For Public Funds

Stance / Tone

Reassuring And Critical Of War Rumors

Key Figures

France Spain Ministry Proprietors Of The Publick Funds

Key Arguments

No Nation Has Power, Disposition, Or Cause To Quarrel With Us Currently War Rumors Aim To Fill Papers, Fall Stocks, Propagate Monopoly, Alarm People, Terrify Ministry Such Rumors Are Idle Or Wicked And Dupe The Inexperienced France And Spain Expended 222 Million French Livres Since Peace Without Restoring Navy Or Conquests Finances Of France Are In Shattered Condition Public Fund Proprietors Can Rest Secure

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