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Foreign News
October 2, 1779
The Virginia Gazette
Richmond, Williamsburg, Richmond County, Virginia
What is this article about?
A correspondent criticizes the Minister for proposing a new loan amid the burdensome current one, with heavy installments and unstable funds risking subscribers' ability to pay unless public credit improves.
Clipping
OCR Quality
98%
Excellent
Full Text
A correspondent, who is very deep in the present loan, complains of the injustice of the Minister, in talking of a new loan, while the present is so burthensome to the subscribers; the instalments are now grown so heavy, and the funds are in so whimsical a state, that there is a doubt whether the loan holders will be able to make good their future payments, unless the Minister can give a fillip to public credit.
It is imprudent, continues our correspondent, to throw a fresh meal upon the stomach before the former is properly digested.
It is imprudent, continues our correspondent, to throw a fresh meal upon the stomach before the former is properly digested.
What sub-type of article is it?
Economic
What keywords are associated?
Government Loan
Public Credit
Financial Burden
Minister Policy
Loan Subscribers
What entities or persons were involved?
Minister
Foreign News Details
Key Persons
Minister
Outcome
doubt about loan holders' ability to make future payments due to heavy installments and unstable funds.
Event Details
A correspondent complains of the Minister's injustice in discussing a new loan while the current one burdens subscribers heavily; funds are whimsical, risking payment failures unless public credit is boosted; deems it imprudent to add more before digesting the present.