A. D. 



1772. 



533 



Countries, Sec. 

 New-England 

 New- York 

 Pennsylvania 

 Virginia and Marj-land 

 Carolina 



Georgia ... 

 Florida - 

 West-Indies in general 

 Antigiia 



Barbados ... 

 Bermuda - - 

 Dominica . _ - 

 Grenada - . - 



Jamaica - - . 

 Montserrat 



Nevis ... 

 St. Christophers 

 St. Vincents 

 Tobago ... 

 Tortola ... 

 New- Providence 

 St. Croix 

 St. Eustathius 

 Bay of Honduras 

 Musquito short- 

 Foreign West-Indies - 



Imp. and exp. of England 

 Imp, and exp. of Scotland 



Total, Great Britain, - 



T773 — The fpirlt of launching into rafh and boundlefs projeds in 

 commerce, which were to be fupported by artificial credit, and the 

 jnadnefs of towering fpeculations in national funds, which carry the ad- 

 venturer out of the proper fphcre of trade into the unfathomable abyfs 

 of gambling, had now ipread through the commercial world in inofl 

 parts of Europe, and even fome of the cautious and phlegmatic mer- 

 chants of Holland were infedcd with it. The evil, which had reached 

 its height in England in the llimmer of 1772, burfl out on the conti- 

 nent in the end of that, and the beginning of the following, year, with 

 fuch an extenfive crafli, that there feemed to be an univerfal wreck of 

 credit tliroughout Europe, to the amount, as was fuppofcd, of ten mil- 

 lions flerhng. But as the greatcfl part of it was upon airy fpeculation, 

 if thofe individuals, who were innocently drawn into the vortex, could 

 have been exempted from the general ruin, it would have been perhaps 

 rather upon the whole advantageous to the moderate and fobcr part of 

 the commercial world, that fuch ideal tranfadions fliould be expunged 

 and annihilated. 



In this time of general diflrefs a happy mixture of generofity and 

 prudence in mofl: of the trading nations, though witliout any previous , 



