The New-Hampshire gazette and historical chronicle — Portsmouth, N.H., 1770-01-05 00:00:00, page 1

% the great fearcity of MONEY at prefect in
this Province, and a Method to have more ol
that necessary Article circulating, evgrofes the
Conversation of the Public, it will not perhaps
be thought an improper Time to i^fert the fol
lowing from one of the laftHew-iork News
papers,—and it is muck to be wifo'd, that our
GENERAL-COUR T, &ould in their next
Sejjion, pass an Aft,for making feme on the fame
Method, which it the best and only Way it can
be done ; and a Petition it's said will beprefent
edto them for thatPurpofe ; and it is the carneft
Prayer of Hundreds, that it may be granted.
From the New-York Chronicle of Dec. 7.
~ Messieurs ROBERTSON,..
I Send you a genuine copy of tiie memorial
that was drawn up by the agent for this
province, and read at a meeting of the mer
chants in London trading to New-York, to
be by them signed and presented to the Earl
of Hillfborough, for obtaining leave for a pa
per currency in this colony. The public, no
doubt, will be desirous of knowing the true
reafohs of its mifearry, which was precisely
this and no other, the following passage in the
triemorial. viz. "We therefore that mercan
" tile body, for whose benefit and security the
" reftriCtions in the a& were chiefly intended."
Which passage the merchants very justly objec
ted to, as tending to exculpate the niiniftry
from the bad policy of the reftri&ions in the
ad, and to draw the charge of inconsistency on
theipfelves ; for which purpose some suspec
ted the passage was designedly inserted, and
their suspicion were confirmed by the inflexi
bility with which it was retained, though no
ways neceffaty either to the argument or re
quells of the memorial.
COPYof a MEMORIAL
Of Robert Charles to the Earl of Hillsborough
Reflecting a Paper Currency for
NEW-YORK.
To the Rt. Hon. the Earl of Hillsborough,
one of his Majefly's principal Secretaries of
State.
The MEMORIAL of the under-written Mer
chants trading from London to the Colony of
New-York, in America,
Humbly fheweth,
r~|riHAT the decay of trade of late years
between Great-Britain and her colo
nies, owing to the regulations not adop
ted with propriety, and reliri&ipns not found
ed in good policy (wherein it is both hoped &
expected from the good sense and underiiand
ing of his Majesty's rpinitlers, that due relief
will be given) hath been productive of great
inconveniences, sensibly felt at home and not
lets lamented abroad.
That gold'and filler have always been
scarce in the colonies, as thole metals were no
otherwise to be acquired but by trade with
foreign settlements and in circuitous naviga
tions limited by ancient and recent adds of
parliament."
.That this scarcity of coin begat the riecef
fity of a paper currency, which in the colony
bf New-York, and in those of New Jersey and
Pennsylvania hath ever maintained its credit
without accusation or complaint, was greatly
tifeful'to the inhabitants by enabling them to
deal in the markets of their re/peftive colonies
for what they wanted, which they could not
well have done under the Scarcity of gold and
filyer, and the impra&ability of a barter in
those large and bulky commodities that are
the staple of the colonies on the continent;
nor Was the currency leL beneficial to Bri-
TH^' Vol. xrh
NEW-HAMPSHIRE GAZETTE,
HI sT ° RIcA L
C° NTAINING ^e l '^ l ''" A '' V ' CE5
Friday foil. 5, 1770. ^^r^i^i^^ 690 i^^^
tain, by enabling the colonjib to bec&me pur
chasers of # its manufactures, and disposing.
them more readily to part with the cofosthey
had acquir'd in diicharge of their debts to the
mGther Qi^try, it —-
That while the paper credit of those colo
nies subsisted and Was a legal tender, no instance
can be given where bilk of exchange and sterl
ing debts were ever dilcharged under the full
value faithfully paid in bills of credit, equal
to the amount of the real demand.
That finch paper credit has no longer been
fuffered to remain in the colonies on its firft
ellablifhment, a difeouragemeht has been even
to trade, remittances have been less frequent,
and the inhabitants are, in forhe meafuie, ob
liged to avoid purchasing what they are not
readily enabled to pay for.
That the Council and House of General
Assembly of New-York, conforming them
selves to the reftri&ions in the aft of parliament
have offered to the governor of that colony,
a bill for a paper credit without making it a
legal tender any where but to that loan office,
from whence it was to issue on the voluntary
acceptance of the borrower. A point of com
mon justice, and in payment of colony duties
and taxes wherein deficiencies mult be made
good by the public, no obligation is imposed
on the receiver of his Majesties quit rents, on
the collector of his customs, or upon any indi
vidual whatever, to receive this paper credit,
whereby its use is confined to the voluntary
acceptance of the inhabitants in their dealings
with each other, who eagerly delire this ne
cessary accomodation; and their representati
ves in General Assembly, by their addrels^ to
the Governor of the 20th 6f May last, which
has undoubtedly come under your Lordship's
eye, have so Wrongly urged the necessity and
utility of this request; that it must be grievous
to the colony to receive a denial;
We therefore; part ofthat mercantile body,
for whole benefit and security the reftri&ions
in the act of parliament were chiefly intended,
become humble suiters to your lordship and
his Majesty's ministers, that the r^queft of the
colony of New-York for a paper currency, so
unexceptable to all persons without the colo
ny, and so necessary to all within it, may be
granted, as we do humbly apprehend, that
uses may be derived there from beneficial to
the comiherical interest of this kingdom.
CHARLESTOWN, S. Carolina, NW. 27.
Mr. Gondacre of the 9th regiment, was not
killed in a duel with a gentleman from Pen
sacola, as formerly mentioned, but with Mr.
G of the fame regiment, who remains
there to take his trial.—The deceased declar
ed himfelf the aggressor, and that his anta
gonist was not in the least blameabkv
Nov. 9. At a meeting of the general com
mittee on Tuel'day last, and an adjournment
thereof to YeHerday several matters of im
portance fefpeding the general agreement
entered into by the inhabitants of this pro
vince on the 22d day of July last, were taken
into consideration ; and a committee of in
fpe&ion appointed, whose particular bhfinefs
it will be, to fee such Goods ftofed or refhipp'd
(at the Option of the importers) as may be
brought here contrary to the true intent and
meaning ofthe said agreement. It was at the
fame time agreed, that the general committee
do meet on Tuesday in every week.
We havethe pleasure to inform our readers,
that Mr. Thomas Eveleigh, who arrived here
last Sunday, Las readily a^ed,^at,the goods
which,he imported in the Flora, Capt. Carter,
from Bristol, shall be Shipped or flored ; and
that Mr. Andrew Marr, has done the fame,
in regard ty 3 confignnieat of goods by the
Brigantine Mary, jolt arrived from Glasgow.
The fubferibers to the resolutions are 16
confeious of the justness of their proceedings^
that they appear determined to adhere to
them ; and have not only refuted' to purchase
fonie llaves lately arrived from Penfacola,but
also rejected a parcel of rice, belonging to 2
gentleman on John's illahd, who is faiu to bd
a noh-fubferiber. ~.
'The few interested individuals in the col
onies of Rhode-inland and Georgia, who have
hitherto milled those unhappy colonies by
fkim'd milk reasonings, which has been atq
tempted even in our province, we hear, have
begun to lose much of their influence,as to be
under no small apprehensions of being gibbet
ted (in fame) to rot and slink under the notes
of their countrymen as a mark of public in
famy & warning, to those who shall endeav
our to counteract the designs of society iri
favour of liberty.—lfoppreffioh (according to
Solomon) maketh a wife man mad, what a
I pity it is that it canriot teach Fools wifdom.'
It is whifperd,.and credited by many, that
our intercourse in trade with the colonies of
Rhode-lfland & Georgia, will soon, in a great
measure be discontinued, 'till they have fe
folution enough to clothe themselves in the
humble dress of public virtue, preferably to'
the chains of oppression, or dirty Allurements
of felf-intereft, at their neighbours expenee.
Nov. 16. The ' Rice is much wanting tc
complete the cargoes of some Vessels no\v
loading; yet, we are informed,that the parcel
mentioned in our last, remains unfold to this
day ; and that it has been returned to the
factor who offered to difpofeofit,byoneHouie
who did not at Aril know it belonged to a Non^
fubferiber. ±
Nov. 30. The Heart of Oak, fforri London;
which arrived here the 30th of October, bro't
in upwards of 700 Packages of British goods!
purchased and shipped before our resolutions
were known in England, or countermanding
Orders received ; the Flora,from Bristol, above
400 ; & the Active, from London, about 220;
:under the fame circumitances, except fonie
which are agreed to be ftpred : But the t>olly
& Betsey, one of the last arrived; has brought
only 50 ; & the Carolina Packet (which al
ways nfed to come out fall, and is the last from
London) only 64 ; and it is remarkable, tha(
none of these contain goods for file, except
12 boxes of pipes; 2 chests, ^nd a bale, order
ed long before our resolutions were entered into.
A proof that our merchants are as refolyed to'
facrifice their private interest to ttie public
. good, as those of any other colony, or the o-,
ther inhabitants of this.—Some packages of
goods are allo brought,in the several late vef
lels from Scotland, and one from Hull, but
they appear chiefly as Confgnements to the Cap
. tains; such as ought to be stored, conformable
to our agreement, no doubt will.
The Rice mentioned in our last, belonging
to a Non-Subfefiber at Geofge-Towh, we are
informed, remains in ftore,ftill unfold : Other
Non-Subferibers, not meeting with purchasers
for theirs, have shipped, & are fhippjng it off.
Another parcel of rice,belonging to a non-
:fubferiber at George-Town, has fince^ beeh :
offered for fgle, and rejected, as not Merely
antable according to the said resolutions.