The Financial History of the United States From 1774 to 1789 Embracing the Per
The Financial History of the United States From 1774 to 1789 Embracing the Per
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119 dred soon after the King's troops entered Jersey, and, in many places in that Province remote from the army, was not current at any rate. In many cases, merchants con- verted their paper money into commodities, and instructed their agents to do likewise. None escaped the alarm. Philemon Dickinson ! wrote to his brother, " receive no more continental money on your bonds and mortgages. The British troops having conquered the Jersies and your being in camp are sufficient reasons. Be sure you r...emem- ber this. It will end better for you. " Gen. Putnam, who was now in command at Phila- delphia, Congress having shortly before adjourned to Baltimore, 2 issued an order expressing his great astonish- ment because several of the inhabitants refused to take Continental money in payment of goods. U In future, " he directed, " should any of the inhabitants be so lost to public virtue and the welfare of their country, as to presume to refuse the currency of the American states in payment for any commodities they may have for sale, the goods shall be forfeited, and the person or persons so refusing, committed to close confinement.
What to read after The Financial History of the United States From 1774 to 1789 Embracing the Per?
You can find similar books in the "Read Also" column, or choose other free books by Albert Sidney Bolles to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
119 dred soon after the King's troops entered Jersey, and, in many places in that Province remote from the army, was not current at any rate. In many cases, merchants con- verted their paper money into commodities, and instructed their agents to do likewise. None escaped the alarm. Philemon Dickinson ! wrote to his brother, " receive no more continental money on your bonds and mortgages. The British troops having conquered the Jersies and your being in camp are sufficient reasons. Be sure you r...emem- ber this. It will end better for you. " Gen. Putnam, who was now in command at Phila- delphia, Congress having shortly before adjourned to Baltimore, 2 issued an order expressing his great astonish- ment because several of the inhabitants refused to take Continental money in payment of goods. U In future, " he directed, " should any of the inhabitants be so lost to public virtue and the welfare of their country, as to presume to refuse the currency of the American states in payment for any commodities they may have for sale, the goods shall be forfeited, and the person or persons so refusing, committed to close confinement.
What to read after The Financial History of the United States From 1774 to 1789 Embracing the Per?
You can find similar books in the "Read Also" column, or choose other free books by Albert Sidney Bolles to read onlineMoreLess
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