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Domestic News
March 25, 1786
Fowle's New Hampshire Gazette And General Advertiser
Portsmouth, Rockingham County, New Hampshire
What is this article about?
Amsterdam bankers Hope and Co. offer to refinance South Carolina's 150,000 guilder war loan by paying off original subscribers, charging standard interest, and granting 10 years for principal repayment, signaling strong American credit in Holland.
Clipping
OCR Quality
98%
Excellent
Full Text
PHILADELPHIA, March 9.
The house of Messrs. Hope and Co. of Amsterdam (the greatest private bankers in Europe) have written to the Legislature of South-Carolina, on the subject of the loan of 150,000 guilders, negotiated for the use of that State, during the war. They inform that Body, that they are willing to pay off the original subscribers, and become creditors of the State themselves, provided they will be allowed the common interest of this country for the money. In addition to this kind and opportune offer, they propose to allow the State ten years for the payment of the principal. This is a convincing proof that American credit is not on a bad footing, at least in Holland.
The house of Messrs. Hope and Co. of Amsterdam (the greatest private bankers in Europe) have written to the Legislature of South-Carolina, on the subject of the loan of 150,000 guilders, negotiated for the use of that State, during the war. They inform that Body, that they are willing to pay off the original subscribers, and become creditors of the State themselves, provided they will be allowed the common interest of this country for the money. In addition to this kind and opportune offer, they propose to allow the State ten years for the payment of the principal. This is a convincing proof that American credit is not on a bad footing, at least in Holland.
What sub-type of article is it?
Economic
What keywords are associated?
South Carolina Loan
Hope And Co
Amsterdam Bankers
American Credit
War Loan Refinance
What entities or persons were involved?
Hope And Co.
Legislature Of South Carolina
Where did it happen?
South Carolina
Domestic News Details
Primary Location
South Carolina
Event Date
March 9
Key Persons
Hope And Co.
Legislature Of South Carolina
Outcome
offer to pay off original subscribers, become state creditors at common interest rate, and allow 10 years for principal payment.
Event Details
Hope and Co., Amsterdam bankers, wrote to South Carolina Legislature proposing to take over the 150,000 guilder war loan by paying original subscribers and extending favorable terms.