The History of the United States of America : From the Discovery of the Continent to the Organization of Government Under the Federal Constitution 2

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Already influential, for the next quarter of a century he played a very conspicuous part.
The withdrawal of the paper money encountered warm opposition from many interested and many ignorant per- sons, who strove to impress the people with the idea that, if there were no other money than silver, it would all be engrossed and hoarded by the rich, while the poor could expect no share in so precious a commodity ! It was said, also, that the bills ought to be redeemed at their nominal and not at th
...eir actual value. In spite 406 HISTORY OF THE UNITED STATES.
cuAPTER of this and other smiilar arguments, the proposition, after XXV.
having been once lost in the House, was sanctioned by 1749. the General Court. Leaving the administration of ]Mas- Sept. 11. gachusetts in the hands of Spencer Phipps, the lieuten- ant governor, nephew and heir of the late Sir William Phipps, Shirley had proceeded to England, and, upon arrivino- there, was appointed one of the commissioners, under the late treaty of peace, to settle boundaries with the French.


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