A Five Years' Residence in Buenos Ayres, During the years 1820 to 1825: Containing Remarks on the Country and Inhabitants; and a Visit to Colonia Del SacramentoLove, George Thomas
History
A Five Years' Residence in Buenos Ayres, During the years 1820 to 1825: Containing Remarks on the Country and Inhabitants; and a Visit to Colonia Del Sacramento
Love, George Thomas
Buenos Aires (Argentina) -- Description and travel; Colonia del Sacramento (Uruguay) -- Description and travel
It had occurred to me, that a pawnbroker would be a good business in
Buenos Ayres; but I find every shopkeeper, or monied person acts in that
capacity, and that respectable persons do not hesitate to send silver
spoons, matté-pots, and other valuables, to pledge from day to day--at
what interest (or if any) I know not, though I am apprehensive some of
them are guilty of what we should call usury. Poverty is a crime in
England; here they dread not exposure: but such is my delicacy in money
affairs, I should prefer being under an obligation to the gentlemen
with three balls, and to slide in at one of their secret doors, to the
publicity practised here.
An Englishman has lately undertaken a speculation which has cost him
a considerable sum, to have the exclusive privilege of taking cattle
in the Falkland islands--in fact, to be sole proprietor for a term
of years. He has forwarded to his new sovereignty a small colony of
settlers, servants, &c.; the chances of his success are very doubtful.
Buenos Ayres claims the jurisdiction of these islands, and those claims
will not cause such a dispute as in the year 1770. The voyage to them
from Buenos Ayres is made in about fourteen days.
* * * * *
CURRENCY, &c.--In the year 1822 silver became so scarce, that, it was
impossible to get change of a doubloon without allowing a consideration
for it. Foreigners, of course, bore the blame of draining the country
of the money. To remedy the evil, small notes were issued; and, shortly
after, a large supply of copper coin arrived, that had been contracted
for in England. This currency of paper and copper was something so new,
that not a few sneers and forebodings took place. The facility that
paper money affords to business, however, soon began to be experienced
in Buenos Ayres. Previous to its issue, if a person had to receive a
hundred dollars, it was necessary to hire a porter to carry it, and
for larger quantities a cart; besides the endless trouble of counting
thousands of dollars, often in reals and madios, and the detection of
bad money: hours and days of valuable time were consumed by it. The
collecting clerks are no longer tormented with counting piles of silver,
before they take it from the house. Saturdays are the days appropriated
for money collecting.
Notes, engraved in England, are now issued on a grand scale, from 5 to
1000 dollars, upon the security of the government and bank; the people
are reconciled to it, and begin to find that a currency of gold and
silver is not at all times a proof of the credit or riches of a
nation.[26]
[26] Englishmen, on their first visit to France, soon after the peace
of 1814, were eager to receive French gold; but they soon tired of it,
and asked for paper. I was at Peregaux and Lafitte's banking-house at
Paris, when an application of that nature was made: the clerk replied,
that France must first get credit, before she could venture upon
bank-notes.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account