American Commercial Legislation Before 1789 Electronic Resource
American Commercial Legislation Before 1789 Electronic Resource
Albert Anthony Giesecke
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, Ill, 6, 7, 128, 129; Journal of the Council of N. Y. , II, 1540, 1541; N. J. Archives, 1st series, IX, 491; XXIV, 542, 555. BOUNTIES, INSPECTION LAWS, EMBARGOES 61 ment of these valuable Commodities — Valuable, as they will furnish your Merchants with a Remittance for the Manufactures imported from Great Britain; and conse- quently make Gold in some degree current here, as well as set reasonable Bounds to the course of Exchange. And the more Valuable, as they do not interfere with the Product... of your Mother Country, but will be of imme- diate Advantage to it. . . . " 3 We must not conclude, however, that this was the only, or even the usual method of securing the bounty. Petitions w T ere sometimes sent in praying for a bounty. 4 Bounties were granted for the production of hemp and flax (especially the former) by most of the colonies. 5 With the exception of Virginia and Maryland, however, these bounties were not granted until the first few decades of the eighteenth century, and the number of grants show a decided falling off towards the Revolution.
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