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Domestic News July 10, 1792

The Patowmac Guardian, And Berkeley Advertiser

Martinsburg, Shepherdstown, Berkeley County, Jefferson County, West Virginia

What is this article about?

Correspondent reports minimal lasting impact from recent misfortunes and speculative failures in New-York; trade reviving with spirit, credit restored, prosperity approaching despite exaggerated reports of distress.

Merged-components note: Continuation of the New-York commercial recovery news item across page break.

Clippings

1 of 2

OCR Quality

95% Excellent

Full Text

Who would have thought (says a correspondent) that the effects of the late misfortunes of many of our citizens would have been so little felt in general, as they are at present? Scarcely any traces of the disasters, except in the peculating line, which happened some time ago, are now to be seen in the commercial sphere. Trade of every kind begins to be carried on again with spirit and success. The representations which have been made of the situation of New-York, in consequence of the late speculative failures, have been very exaggerated and groundless.

Falsified. The shock, at the time, was severe, but of short continuance. Credit is again revived--and prosperity once more approaches in sight.

What sub-type of article is it?

Economic

What keywords are associated?

New York Economy Trade Recovery Speculative Failures Commercial Revival

Where did it happen?

New York

Domestic News Details

Primary Location

New York

Outcome

the shock was severe but of short continuance. credit is again revived and prosperity once more approaches.

Event Details

A correspondent notes that the effects of late misfortunes and speculative failures on citizens are little felt now, with scarcely any traces except in peculation. Trade is carried on with spirit and success. Representations of New-York's situation were exaggerated and groundless.

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