An Historical Account of the Rise and Progress of the Colonies of South Carolina and Georgia, Volume 2Hewatt, Alexander
History
An Historical Account of the Rise and Progress of the Colonies of South Carolina and Georgia, Volume 2
Hewatt, Alexander
Georgia -- History -- Colonial period, ca. 1600-1775; South Carolina -- History -- Colonial period, ca. 1600-1775
[Sidenote] Happy effects of peace and security.
As a natural consequence of its domestic security, the credit of the
province in England increased. The merchants of London, Bristol, and
Liverpool turned their eyes to Carolina, as a new and promising channel
of trade, and established houses in Charlestown for conducting their
business with the greater ease and success. They poured in slaves from
Africa for cultivating their lands, and manufactures of Britain for
supplying the plantations; by which means the planters obtained great
credit, and goods at a much cheaper rate than they could be obtained from
any other nation. In consequence of which the planters having greater
strength, turned their whole attention to cultivation, and cleared the
lands with greater facility and success. The lands arose in value, and
men of foresight and judgment began to look out and secure the richest
spots for themselves, with that ardour and keenness which the prospects
of riches naturally inspire. The produce of the province in a few years
was doubled. During this year above thirty-nine thousand barrels of rice
were exported, besides deer-skins, furs, naval stores, and provisions;
and above one thousand five hundred negroes were imported into it. From
this period its exports kept pace with its imports, and secured its
credit in England. The rate of exchange had now arisen to seven hundred
_per cent. i. e._ seven hundred Carolina money was given for a bill of an
hundred pounds sterling on England; at which rate it afterwards
continued, with little variation, for upwards of forty years.
Public-domain text, read in full here on John Shaqi.
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