Notable English Hatter and Carolina Credit Scheme Fallout
A late 18th century extract details Alexander Cummings Esq a presumed English gentleman who created a local credit boom in Carolina by issuing promissory notes converting to specie through his loan offices. His faux wealth the so called treasury and a grand house collapsed when bills came back protested leaving debts and wasted papermoney. Also reports on royal births baptisms naval movements and European diplomatic shifts including Sardinia Piedmont Madrid and Dublin notices.