VERMONT PAPER MONEY. This State, the quarta decima stellarum, although it is not generally known, fell, but only once, into the error, then so prevalent among her sisters, of issuing paper money. To her honor it can be truly said that the bills suffered no depreciation, and their redemption was so faithfully effected that even the mere fact that such notes were once in existence is unknown to most collectors. In April, 1781, a general need was felt of a currency more reliable than that which already was in circulation, and the legislature "for the purpose," as the preamble of the act states, "of carrying on the war and the enlargement of the paper currency," authorized an issue of £25,155, in bills of the following denominations, and an equal number of each, viz: £3, 40s., 20s., 10s., 5s., 2s. 6d., 1s. 3d., 18. To invent for these bills suitable devices, and to superintend their printing, a committee was appointed, which consisted of Mathew Lyon, Edward Harris, and Edward . Stiles. The notes were to remain in circulation until the first day of June, 1782, by which time they were to bę redeemed at the rate of six shillings to the Spanish silver dollar; and to meet this anticipated expense, a tax of 1s. and 3d. on the pound was laid upon the grand list of the state, and as we have already said, they were entirely redeemed by that time. Some few specimens, probably kept as curiosities at that time, are known to be in existence now. The face of the bill read as follows: "The possessor of this bill shall be paid by the treasurer of the state of Vermont-in Spanish milled dollars of six shillings each, or in gold or silver coin equivalent, by the first day of June, A. D. 1782, by order of assembly, Andover, May, 1781." (Signed by two persons.) On the reverse is found the denomination of the bill, with the usual death threat against those who should counterfeit them, and the words "Westminster, printed by Spooner and Green, 1781." FINIS. INDEX. Account, financial, of New Jersey, 69 | Army, notes issued by Pa., for the of bills current in the eastern Acts passed by the assembly of Penn- vetoed by the governor, 21, 22, 25 support of the, 32, 33 petitions for and against a recommend the value of the dol- issues bills of credit, 13, 15, 17, confers with the governor on the issue of bills of credit, 13 the lords of trade relative to quarrels with the governor over the issue of bills of credit, 21 redeems bills of credit, 18, 20, Assembly of Pennsylvania receive | Attorney General decides the notes petitions to be appointed sign- ers, 20 declares continental money legal special session of, 21 adopts a scale of depreciation, 63, 67, 68, 73, 76, 77 receives petitions for paper cur- considers the grievances of the appoints alternates, as signers, meets at Amboy, 65 recalls bills of credit, 65, 79 establishes a loan office, 63, 68, assents to an expedition to the ends loan office system, 69 redeems bills of credit, 61, 67, 69, 73, 76, 77, 79, 80 desires more paper money, 195 issue treasury notes, 194, 195, credit of the bills of credit Bills of Credit of New Jersey, people | Bills of Credit, notice of withdrawal desire to augment, 69 English government refuse to cease to be issued, 75 depreciate, 76 penalty for refusing, 63, 76 66 amount of, "The "counterfeiting, 64 amount of unredeemed in 1769, issued through loan office, 63, quietly absorbed, 76 issued in rebellion, 77, 78 recall of, suggested by Gov. recalled in May, 1779, 80 of neighboring provinces pay for not a tender in New Jersey, needed in New Jersey, 65 of New Jersey, bear the British form of, 66 received for taxes, 66 to be redeemed, defaced and specimen of early issue of, 66 counterfeited 66, 67, 87 issued 59, 67, 76, 77, 81, 83, |