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Foreign News July 16, 1828

Literary Cadet And Rhode Island Statesman

Providence, Providence County, Rhode Island

What is this article about?

A June 7 letter from Cape Haytien describes Hayti's political and commercial woes due to unwise government policies, including duties payable in Paris bills to Monsieur Lafitte and forcing foreigners into a National Guard, leading to trade ruin and merchant opposition.

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OCR Quality

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Full Text

HAYTI.—A letter from Cape Haytien, dated June 7, received at the office of the Baltimore Patriot, gives a gloomy picture of the affairs of that Island, both political and commercial. Want of wisdom in the government, the writer considers the primary cause of its embarrassments. "We already," says the writer, "lose fifty per cent. on our remittances, and make from about twenty-five to thirty upon our sales. Yet our Haytien rulers, in their wisdom, have come to the following determination, to rid the trade of its present shackles, viz: It has been enacted, from innumerable considerations, that half of all duties, after a certain period, shall be paid in bills on Paris, in favor of Monsieur Lafitte, the rate of Exchange to be determined hereafter, and that, in consideration of these measures, the august government of Hayti promises not to purchase coffee, and to suffer it to be purchased by those who have funds in the country."

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"Another measure of profound judgment follows: Orders will shortly be issued to form all foreigners into a corps of "Guards National." It is pretty certain that in a few weeks the above measure of government will go into effect, and the time has been so short. since the decree has been issued, that we all will find ourselves in the greatest difficulties respecting receiving any new business, or in closing that already on our hands. Ruin stares every body in the face, and it will be impossible for any one to do business. There are no bills to be bought at this time, at any rate. The merchants at Port au Prince have made a manly stand against this measure, and will be supported by those in Cape Haytien Should this policy of the Government be continued, we shall have to leave the Island."

What sub-type of article is it?

Economic Political

What keywords are associated?

Hayti Politics Commercial Crisis Government Decrees Duties Paris Bills National Guard Foreigners Merchant Opposition

What entities or persons were involved?

Monsieur Lafitte

Where did it happen?

Hayti

Foreign News Details

Primary Location

Hayti

Event Date

June 7

Key Persons

Monsieur Lafitte

Outcome

loss of fifty per cent on remittances, profits of twenty-five to thirty on sales; potential ruin for merchants, opposition from port au prince and cape haytien merchants, possible exodus if policy continues.

Event Details

Letter reports gloomy political and commercial situation in Hayti due to government's unwise policies: half of duties to be paid in bills on Paris to Monsieur Lafitte, government promises not to buy coffee; foreigners to be formed into National Guard corps, causing difficulties in business and trade shackles.

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