The New Hampshire Gazette And Historical Chronicle

New-York, November 11.

Extract of a letter from a principal House in England to a gentleman in New-York.--Warranted by the Publisher to be genuine.

The present Situation of the Colonies is really alarming to every Person who has large sums to come from them.-We feel the force of the Act, in a very sensible manner, being drove to our Wits End to pay our Tradesmen agreeable to the Time their payment become due ; and if a method is not taken, diametrically opposite to the former, you and we, and indeed every person of property must unavoidably sink under the present Restrictions. The colonies, at this present moment, owe us One Hundred Thousand Pounds and upward, too large a sum to be kept out of above two years, and no remittances ; and though two vessels are arrived at London from New-York, the whole remittance was a single Hundred Pounds--This is what we cannot bear, therefore are determined to stop our hands in the export way, and will not ship off a single shilling's worth, but to persons who can and will pay us. If this cursed Act is not repealed, we shall be great sufferers, and our Manufacturers thrown on their parishes, for want of support, whilst people who employ'd them, will not be in a much better situation. The avenues of remittances are stopp'd with you, and trade, the basis and Foundation of England's Wealth, is entirely shut up. We dread the consequence and know not to what fatality we are destined.'

The stamped paper that Capt. Davis lately bro't over is contained in 7 boxes, amount to about one ton and an half ; and if sold agreeable to the act, its said, would fetch more than that weight in silver.