91

81)
7m/o

We are informed by the papers, that the difficulties between Great Brittain [BRITAIN], or the British Government, and the United States, are all settled, and a Treatly [TREATY] signed by all parties concerned, viz. British Commissioners, and Commissioners on behalf of the United States, and the State of Main [MAINE] and the State of Massachusetts.

But the commercial relations of our country, still continue in a depressed state. Business in many parts of U-States [UNITED STATES].
The most of the Factories have ceased to opperate [OPERATE]. Ship building has stopped. There being the two principle [PRINCIPAL] business, has a powerful effect on every other class.
Farming cannot find a market for their products. Mechanicks in general are mostly idle. And here among us there being no market for Oil and Candles it causes a stoppage in every branch of business, Coasters mostly hauled up for want of business.
It is generally believed there has not been such times since the late War with England. It appears there property enough among the commercial people, but the grand difficulty is there is no circulating medium. Even the rich who are in debt can say to their creditors without blushing, you must wait, I cannot pay you at present, I have no money.
We have towards 100 Ships at Sea, worth 40,000 $ each, and many who are concerned therein, & called rich men, complain they cannot pay their just debts.

The last Whale Ship that arrived, sold of her Oil to pay charge at 65 Cts [CENTS] P [PER] Gallon.
Some of the Candle makers have got on hand large quantities of raw Oil, the [THEY] cannt [CANNOT] work it to any advantage, nor cannot afford to keep & look forward for better times, & perhaps fare worse.