… there is such a general scarcity of Cash that nothing We have will Command it & Real Estates of Every kind are falling at least one half in value. Debtors that were a year or two ago responsible for £1000 can not now Raise a fourth part of the sum & those who had putt out their money upon Land Security of double the value are unable to get the principal as there is an Entire Stop to all sales by the sheriff for want of Buyers and Men of the best Estates amongst us can Scarce Raise money enough to defray the Necessary Expenses of their family’s. Our Stores in the Country that used to furnish Every necessary for the inhabitants are all shut up
