27 May 1737
Page 1
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Newspaper
Daily Post
Location
London, Middlesex, United Kingdom
Date
May 27, 1737
Page
1
The letter defends reason over public uproar in the Excise and 3 percent debates, argues low interest serves the nation, challenges the idea that taxpayers suffer, and questions the 4 percent plan versus 3 percent alternatives. It condemns usury while urging fair burden sharing, cites sinking fund, and defends lenders and widows alike.
A historical note describes amending the lottery plan by selling 70 000 tickets at 31 16s each yielding 248 500 with 98 000 for bridge and expenses, leaving 150 300 as prizes and blanks with no prize. It argues the Adventurers gain 61 95 in their pocket under a proposed method versus the current scheme.
Port news records ships leaving the Downs with cargo and passengers. The Eagle with Cathcart sails for Jamaica while the Infante Duke under Webb heads to Cadiz and the Hopes Well with Wheeler sails for Lifton. Wind direction is north northeast east.
Lon don Tuesday left died at Holboke all in the County of Suffolk Henry Vere Graham Esq We hear that some Troops are to be sent to South Carolina and that James Oglethorpe leads 20 command them.
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