Historical Sketch of Continental Paper Money

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J.C. Clark, printer, 1843 - 40 strani

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Stran 22 - Apprised of these consequences, knowing the value of national ' character, and impressed with a due sense of the immutable laws of 'justice and honor, it is impossible that America should think without ' horror of such an execrable deed.
Stran 9 - Congress, a lawful tender, in payment of public and private debts; and a refusal thereof an extinguishment of such debts: that debts payable in sterling money be discharged with continental dollars, at the rate of 4/6 sterling per dollar; and that in discharge of all other debts and contracts, continental dollars pass at the rate fixed by the respective States for the value of Spanish milled dollars...
Stran 20 - Indies (the armies for which are now afloat), and the enormous expense engaged in, having much embarrassed the finances. Our people certainly ought to do more for themselves. It is absurd, the pretending to be lovers of liberty while they grudge paying for the defence of it. It is said here, that an impost of five per cent on all goods imported, though a most reasonable proposition, had not been agreed to by all the States, and was therefore frustrated...
Stran 14 - Continental Currency, No. Dollars. This bill entitles the bearer to receive Spanish milled dollars or the value thereof in gold or silver, according to the resolutions of the Congress held at Philadelphia on the Wth day of May, AD 1775.
Stran 17 - Hosts," to engage a gigantic adversary, prepared at all points, boasting of his strength, and of whom even mighty warriors
Stran 19 - Barber shops were papered, in jest, with the bills; and sailors on returning from their cruise, being paid off in bundles of this worthless money, had suits of clothes made of it, and with characteristic light heartedness turned their loss into a frolic by parading through the streets in decayed finery, which, in its better days, had passed for thousands of dollars.
Stran 6 - In the month of June, 1787, on my return from a residence of a few years in France, I arrived in New York, and found it a neglected place, built chiefly of wood, and in a state of prostration and decay.
Stran 8 - ... in Spanish milled dollars; and that whosoever shall offer, ask, or receive more in the said bills for any gold or silver coins, bullion, or any other species of money whatsoever, than the nominal sum or amount thereof in Spanish milled dollars, or more, in the said...
Stran 25 - whoever should refuse to receive in payment Continental bills, &c., should be deemed and treated as an enemy of his country, and be precluded from all trade and intercourse with the inhabitants," &c., ie, should be outlawed; which is the severest penalty (except of life and limb) known in our laws.
Stran 28 - The mechanic, the farmer, the lawyer, the physician, the member of Congress, and even a few of the clergy, in some places, were contaminated. The morals of the people were corrupted beyond any thing that could have been believed, prior to the event. All ties of honour, blood, gratitude, humanity and justice were dissolved.