Chronicles of Pennsylvania From the English Revolution to the Peace of Aix La Ch

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Chronicles of Pennsylvania From the English Revolution to the Peace of Aix La Ch
Keith, Charles Penrose, 1854-1939
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As the first difficulty, all land in Pennsylvania except a few re- leased pieces was subject to the Proprietary quit rent, which, although, properly speaking, an estate reserved, might be within the meaning of the word "incum- brance. " Secondly, there were still remaining among the Quakers whose small means put them in the class which the Act was designed to help, those who scrupled to take an affirmation in the legal form, that is men- tioning Almighty God. Accordingly an Act was passed in Ma...y, 1723, authorizing the loaning on messuages, lands, and tenements subject to quit rent or ground rent, of bills of credit to the amount of one third the value over and above the principal of the rent, estimat- ing the principal at not over twenty or less than twelve years purchase: the Act also allowing any Quakers scrupling to take the affirmation in the usual form to 674 Chkonicles of Pennsylvania.
borrow upon his or her ''solenmly and sincerely de- claring to be true. ' ' The Case of the Heir at Laiv, hereinafter mentioned, says, that, although Sir William Keith had received a letter from the Commissioners for Trade advising him against passing any laws for making paper money, he, in 1724, made a law for emitting 30, 000^.


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