Historical Sketches of the Paper Currency of the American Colonies: Prior to the Adoption of the Federal Constitution ; First Series-[second Series], Volumes 1-2W. Elliot Woodward, 1865 - Money |
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Page 13
... cent . interest ; they were made a tender in payments of all kinds , under penalty of voiding the debt , or forfeiting the commodity , and annual payments were to be made by the borrowers of the in- On the 5th of February such an act ...
... cent . interest ; they were made a tender in payments of all kinds , under penalty of voiding the debt , or forfeiting the commodity , and annual payments were to be made by the borrowers of the in- On the 5th of February such an act ...
Page 63
... cent interest , which was to be paid annually , together with one - twelfth part of the principal , the term of currency being thus limited to twelve years . No one person was to be permitted to borrow more than £ 100 nor less than ...
... cent interest , which was to be paid annually , together with one - twelfth part of the principal , the term of currency being thus limited to twelve years . No one person was to be permitted to borrow more than £ 100 nor less than ...
Page 72
... cent . better than that of New York , and rising , and that of New York vastly superior to that of New England ; £ 300 of which , as I am told , will not purchase £ 100 of New York money : and if I am rightly informed , it is to the ...
... cent . better than that of New York , and rising , and that of New York vastly superior to that of New England ; £ 300 of which , as I am told , will not purchase £ 100 of New York money : and if I am rightly informed , it is to the ...
Page 81
... cent , of which , as well as of the ultimate payment of the principal by the thirty first day of December , 1786 , " the United States ensured the payment , and would draw bills of exchange for the annual interest if demanded ...
... cent , of which , as well as of the ultimate payment of the principal by the thirty first day of December , 1786 , " the United States ensured the payment , and would draw bills of exchange for the annual interest if demanded ...
Page 85
... cent ; " which had within so recent a period been a spectator of , or actor in , the great drama of the origin , progress and downfall , of Continental money , Continental state money and state bills ; " which had seen the hardships ...
... cent ; " which had within so recent a period been a spectator of , or actor in , the great drama of the origin , progress and downfall , of Continental money , Continental state money and state bills ; " which had seen the hardships ...
Other editions - View all
Historical Sketches of the Paper Currency of the American Colonies, Prior to ... Henry Phillips No preview available - 2018 |
Historical Sketches of the Paper Currency of the American Colonies: Prior to ... Henry Phillips No preview available - 2017 |
Common terms and phrases
America amount appointed April Archives army assembly August bank bills emitted bills of credit burnt called Carolina cent circulation colony commissioners committee continental bills continental congress continental currency continental money counterfeit Crown Point date of note debt December depreciation emissions enemy exchange expedition February gold and silver governor honor hundred inhabitants interest issued James January Jersey John Joseph Journal of Congress July June lawful money legal tender legislature March Massachusetts measures Michael Hillegas Morris November October old tenor paid paper bills paper currency paper money passed payment persons Peyton Randolph Philadelphia Philip Johnson present proportion province purpose quotas receive redeemed redemption refused resolution resolved Rhode Island Robert Carter Nicholas Samuel September shillings signed signers Spanish milled dollars specie sterling taxes thereof Thomas thousand pounds tion trade treasury United Virginia William
Popular passages
Page 175 - Plantations,' be, and the same is hereby repealed. " And be it further enacted by this General Assembly, and by the authority thereof it is enacted, That...
Page 145 - We should pay an ill compliment to the understanding and honour of every true American were we to adduce many arguments to show the baseness or bad policy of violating our national faith, or omitting to pursue the measures necessary to preserve it. A bankrupt faithless republic would be a novelty in the political world, and appear among reputable nations like a common prostitute among chaste and respectable matrons.
Page 188 - If it saved the State, it has also polluted the equity of our laws ; turned them into engines of oppression and wrong: corrupted the justice of our public administration : destroyed the fortunes of thousands of those who had the most confidence in it ; enervated the trade, husbandry and manufactures of our country, and gone far to destroy the morality of our people.
Page 120 - Hosts,' to engage a gigantic adversary, prepared at all points, boasting of his strength, and of whom even mighty warriors
Page 156 - That the said new bills be receivable In payment of the said monthly quotas, at the same rate as aforesaid of specie; the interest thereon to be computed to the respective states, to the day the payment becomes due. That the respective states be charged with such parts of the Interest on their said bills, as shall be paid by the United States, in bills of exchange; and the accounts thereof shall be adjusted agreeably to the resolution aforesaid, of the 6th of October, 1779. That whenever interest...
Page 144 - It is with great regret and reluctance," say they, " that we can prevail upon ourselves to take the least " notice of a question which involves in it a doubt so injurious to the honour and dignity of America.
Page 103 - United States be called on to pay in their respective quotas of fifteen millions of dollars for the year 1779, and of six millions of dollars annually for eighteen years from and after the year 1779, as a fund for sinking the emissions and loans of the United States to the 31st of December, 1778, inclusive.
Page 171 - And whereas, on the one hand, the associators, animated to this laudable exertion by a desire to relieve the public necessities, mean not to derive from it the least pecuniary advantage; so, on the other, it is just and reasonable, that they should be fully reimbursed and indemnified...
Page 69 - Spanish milled dollars ; that it be recommended to the legislatures of the several States to pass...
Page 138 - The fear of injuring, by any example of mine, the credit of our paper currency, if I attempted to discriminate between the real and nominal value of paper money, has already sunk for me a large sum, if the bonds before mentioned are paid off; the advantage taken in doing which no man of honor or common honesty can reconcile to his own feelings or conscience, not as respects me, do I mean, but transaction* of their kind generally.