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Domestic News
September 21, 1786
Fowle's New Hampshire Gazette And General Advertiser
Portsmouth, Rockingham County, New Hampshire
What is this article about?
A correspondent in Elizabeth-Town, New Jersey, criticizes the local emission of paper money in various states, arguing it should be general and issued by the United States to avoid ridicule and ensure circulation.
Clipping
OCR Quality
95%
Excellent
Full Text
NEW-JERSEY ELIZABETH-TOWN. Aug. 16. A correspondent remarks, that in the rage for paper-money, which has infected the people and councils of several states in the union, one very interesting mistake is committed, to wit: in making it local. It certainly ought to be general and not limited. How very ridiculous is it to hear people ask, Does our money pass in your state? How will the money of such a state pass in such another state? Will such a paper go in this city or in the other town? Such things place us in an inferior light, and expose us to the scorn of people of reflection. But we are like the children of the world: we must be taught by experience. This will in the end inform us, that a paper medium in this country must be general, and emitted by the United States at large.
What sub-type of article is it?
Economic
What keywords are associated?
Paper Money
Economic Policy
Currency Circulation
United States
Where did it happen?
New Jersey Elizabeth Town
Domestic News Details
Primary Location
New Jersey Elizabeth Town
Event Date
Aug. 16
Event Details
A correspondent remarks on the mistake of making paper-money local rather than general, criticizing questions about its circulation across states and towns, and advocating for emission by the United States at large to avoid scorn.