"FORASMUCH, as there have been many Disputes arisen of late concerning the Medium of Exchange in this Colony, which have been occasioned chiefly by Reason of our having such large Quantities of Paper Bills of Credit on some of the Neighbouring Governments, passing in Payments among us, and some of those Governments having issued much larger Sums of such Bills than were necessary to supply themselves with a competent Medium of Exchange, and not having supplied their Treasuries with any Fund for the maintaining the Credit of such Bills; they have therefore been continually depreciating and growing less in their Value, and have been the principal Means of the Depreciation of the Bills of Credit emitted by this Colony, by their passing promiscuously with them; and so have been the Occasion of Much Embarrasment and Injustice, in the Trade and Commerce of olony, and many People and especially Widows and Orphans have been great Sufferers thereby. But our Legislature having at length taken effectual Care to prevent a further Depreciation of the Bills of this Colony, and the other Governments not having taken the like prudent Care, their Bills of Credit are still sinking in their Value, and have in Fact sunk much below the..."
This is an edition of a classical book first published in the eighteenth century.
A caveat against injustice, or An enquiry into the evil consequences of a fluctuating medium of exchange, wherein is considered, whether the bills...
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Book Details
Author(s)Roger Sherman
ISBN / ASINB00UDKDWWA
ISBN-13978B00UDKDWW2
Sales Rank1,463,749
MarketplaceUnited States 🇺🇸