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 |
From inside the book
Results 1-5 of 52
Page 12
... effect , and Pennsylvania suffered until 1723 , when a paper currency was adopted . Two years previously the question had been agitated , but no favorable action had resulted . On the second of January , 1722-3 , a petition was pre ...
... effect , and Pennsylvania suffered until 1723 , when a paper currency was adopted . Two years previously the question had been agitated , but no favorable action had resulted . On the second of January , 1722-3 , a petition was pre ...
Page 30
... effect the objects of their appointment , the assembly resolved to emit the sum of £ 35,000 in bills of credit , to bear date July 20th , 1775. The mere issuing of these bills was an act of rebellion , as they were emitted by the mere ...
... effect the objects of their appointment , the assembly resolved to emit the sum of £ 35,000 in bills of credit , to bear date July 20th , 1775. The mere issuing of these bills was an act of rebellion , as they were emitted by the mere ...
Page 32
... effect that none of the notes are be- lieved to be now in existence and unredeemed . The act under which these bills were issued furnished another ex- ample to show how the most consummate tyranny is often exercised by even the most ...
... effect that none of the notes are be- lieved to be now in existence and unredeemed . The act under which these bills were issued furnished another ex- ample to show how the most consummate tyranny is often exercised by even the most ...
Page 51
... effect following that is to say " WHEREAS the making emitting or continuing too large a quantity of Paper Money or Bills of credit within the said Province and countys may greatly affect the 1The original manuscript is in the possession ...
... effect following that is to say " WHEREAS the making emitting or continuing too large a quantity of Paper Money or Bills of credit within the said Province and countys may greatly affect the 1The original manuscript is in the possession ...
Page 52
... in every such law or act of assembly to be passed in the said Province to suspend the force and effect of the same untill the Royal approbation and allowance shall be obtained thereto . " 52 PENNSYLVANIA PAPER MONEY .
... in every such law or act of assembly to be passed in the said Province to suspend the force and effect of the same untill the Royal approbation and allowance shall be obtained thereto . " 52 PENNSYLVANIA PAPER MONEY .
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.