Colonial, 1663-1773

Colonial, 1663-1773

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1854 edition. Excerpt: ... 120,000 to the paper money of the colony. Twentyeight of the principal traders of Charleston remonstrated against this emission, and in a petition on the subject which they presented to Nicholson, alleged as the chief cause of the present excessive depreciation " that every legislative engagement for recalling the various emissions of bills had been broken through by every Assembly." Provoked at this plain statement of unpalatable truth, the Assembly pronounced the merchants' petition " a false and scandalous libel," and-committed the petitioners to prison for breach of privilege. Neither the governor nor the council dared to interfere, and the prisoners were only discharged upon confessing their fault, and paying a large sum in the name of fees. The bill for the new emission of paper, though passed by the Assembly, was disallowed in England, and instructions were sent to Nicholson to consent to no new law for creating a further paper currency, nor to any act for diverting the sinking funds already established. The Assembly used every art to induce the governor to disregard these orders. But, anxious as hewas to please, the risk of removal was more than he dared encounter. As no more paper money could be had, a law was passed making rice, at'certain fixed rates, a legal tender in payment of debts. ' The Assembly showed its dissatisfaction by stickling 1724. for privileges, and the governor found occasion to lament the daily growth of the " spirit of commonwealth max ims both in church and state," partly, as he supposed, cnexrrxufsn " by the influence of the New Englanders," who car- i ried on a brisk trade with Charleston. Nicholson, how-1724. ever, on his...
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Product details

  • Paperback | 178 pages
  • 189 x 246 x 10mm | 327g
  • United States
  • English
  • black & white illustrations
  • 1236987535
  • 9781236987532