Travels in the United States of America / Commencing in the Year 1793, and Ending in 1797. With the Author's Journals of his Two Voyages Across the Atlantic.

by William Priest

DEAR FRIEND,

Were I to characterise the United States, it should be by the appellation of the land of speculation.

Such has been the rapid rise of every article of american produce, of house-rent, and land (to say nothing of mercantile speculation, great part of the carrying trade of Europe being now in the hands of the Americans), that surely there never was a country where that passion was so universal, or had such unbounded scope.

The last great purchase of land from the Indians, on the confines of Georgia, was at the rate of a cent per acre; one hundred acres for a dollar!

Before the american war, flour, was sold at two dollars, per barrel; it is now selling at fourteen.

But perhaps the most tempting speculation is that of the mines. Our friend, Parsons, who is here looked upon as an agent to some english speculators, has lately received the enclosed, which I begged a copy of, for your perusal but should first inform you, the cheapest fuel you can burn in some parts of America, is english coal from Liverpool!

Farewell.