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Foreign News November 26, 1840

Edgefield Advertiser

Edgefield, Edgefield County, South Carolina

What is this article about?

Mr. Walsh reports from France: No armed neutrality treaty planned by European secondary powers; letters of marque sought from Britain and France amid war fears. Specie payments likely suspended in Britain, hoarded in France, with Bank of France shares declining and anticipated financial issues. French grain and wine crops are exceptionally superior this year; fine weather in Paris.

Clipping

OCR Quality

95% Excellent

Full Text

Specie Payments abroad—Crops in France.—Mr. Walsh writes in his latest letter to the National Intelligencer—"We are now told that no plan of a treaty for armed neutrality has ever been entertained by the secondary Powers of Europe. Letters of Marque have been asked from both the British and French Governments. Here, the applications have been officially registered. In the event of war, specie payments must soon be suspended in Great Britain, and the coin will be hoarded in France. The shares of the Bank of France have occasionally declined with the Government stocks, in which, as you know, that institution has invested nearly the whole of its capital. Competent judges anticipate very serious financial embarrassments and derangement of the currency for France, from a contest of any duration. Never were the crops—grain and wine—superior in this realm, either in quality or quantity, to those of the present year. Since the beginning of this month, until yesterday afternoon, the weather was bright and rather keen. The display of fruit in Paris is unexampled."

What sub-type of article is it?

Economic War Report

What keywords are associated?

Specie Payments Armed Neutrality Letters Of Marque Bank Of France French Crops Financial Embarrassments

What entities or persons were involved?

Mr. Walsh

Where did it happen?

France

Foreign News Details

Primary Location

France

Key Persons

Mr. Walsh

Outcome

anticipated suspension of specie payments in great britain, hoarding of coin in france, decline in bank of france shares, serious financial embarrassments and currency derangement in france from war; superior grain and wine crops in france this year.

Event Details

Mr. Walsh's letter reports no armed neutrality treaty by secondary European powers; letters of marque requested from British and French governments and registered; potential war impacts on finances including specie suspension in Britain and hoarding in France; Bank of France shares declining with government stocks; excellent current crops and weather in France.

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