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Fowle's New Hampshire Gazette And General Advertiser
Portsmouth, Rockingham County, New Hampshire
What is this article about?
Over 100 merchants and traders in Charleston, South Carolina, have solemnly agreed to accept the state's newly issued paper money as equal to gold and silver, without distinction in payments or purchases, and to reject any discounts offered for hard currency payments.
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The credit of the paper-money, lately issued in South-Carolina, is zealously supported by the citizens of that state. Upwards of 100 merchants, traders, &c. of Charleston, among whom are most of the first rate people in business, have entered into an agreement, by which they engage and bind themselves to each other, in the most solemn manner, on their honor to receive it equal to gold and silver, making no distinction in payments for debts due to, or for any articles hereafter to be sold by them; and they will not directly or indirectly purchase, or suffer to be purchased for them, of any person or persons, produce of any kind, or any other article whatever, in which an abatement is offered to be made for the payment of the same in gold and silver.
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Where did it happen?
Domestic News Details
Primary Location
Charleston, South Carolina
Event Date
June 15
Outcome
merchants bind themselves to accept paper money equal to gold and silver and refuse discounts for hard currency in purchases.
Event Details
Upwards of 100 merchants and traders of Charleston enter into a solemn agreement on their honor to receive South Carolina's lately issued paper money as equal to gold and silver, without distinction in debt payments or sales, and to not purchase produce or articles with abatements for gold and silver payments.