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Locke on Paper Credit and the Peril to Landed Interests
In this letter from Puirio Patria the writer warns that a continued fall in the currency of paper credit would ruin trade and those who depend on interest. He argues reductions would be opposed by a broad majority yet may be opposed even by a minority if strongly allied. He concludes that those tied to money interest will resist any move that reduces property.
MENTIONED IN THIS ARTICLE
Mr. Locke
Puiro Patria
Freeman
Deceas
West- Indies
England
France
Portugal
Kent
Antigua
Benjamin Brifantine
Evans
Cadeau
Guiney
Leona
Duke of Newcastle
Southwark
Knightly Wood
Kingstom
James Henckell
Hambourg
Ham
Baron Thomson
John Holmes
Hopkins
St. George’s Fields
Pangran
Serjeant
Commons
Wynn
Lacy
Marth
Theed
Jones
YeGertay
South Sea
South Sea Annuities
New
Bank
India
London
Prem
Digta
Ditta
Mine Adventure Pare Sk
Senperars
I Halt
Catherins-Wheel
Postern
London-Wall
Coléman-sireer
Peperaniely
Lewis
Cow-Lane
Wes
Smithfield