The book Historical Sketch of Continental Paper Money was written by author Samuel Breck Here you can read free online of Historical Sketch of Continental Paper Money book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Historical Sketch of Continental Paper Money a good or bad book?
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But the community had become momentarily paralyzed, and turned a deaf ear to all new projects. They stood, as an eye-witness says, " amid impending destruction, when all occupations of town and country were nearly at a stop. " Government, not having the power to compel the payment of taxes, could only entreat or menace. In vain, however, did they proclaim, threaten, villify, and decree, that "whoever should refuse to receive in payment Continental Bills, should be deemed and treated as an enemy... of his country, and be precluded from all trade and intercourse with the inhabitants ;" in other words be outlawed: in vain did they accompany these threats with penal, tender and limitation laws, associated too with military force; all proved ineffectual. This brow-beating and coercion seemed, says Peletiah Webster, who wrote in 1781, "like water sprinkled on a blacksmith's forge, which indeed deadens the flame for a moment, but increases the heat and force of the internal fire. " One instance of arbitrary power flowed from those laws which would disgrace the annals of an absolute government; and it was exercised too by Pennsylvania.
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