| Show american money tho the condition of tho the amerl american cali finance in 1780 was simply horrible tho the greenbacks green backs delusion possessed peoples minds even more strongly then thun than in ili the da days y 8 following a our cl cill 11 war ah lah webster the ablest political economist in ili america at that time a thinker far in adaid i of his age was almost alone in insisting upon taxation tho the popular feeling was expressed by a delegate in in congress who asked with unspeakable abl scorn escorn why he be should oto to tax tho the people when a philadelphia printing 0 press could turn out money by tho the bushel but indeed congress had no power to lay any ally tax aa 10 through requisitions upon the state governments there seemed to be no alternative but to go on issuing this money which many people glorified as the safest possible blo currency 9 be cause no bod body y could take it out of the country As webster truly said the country had blid suffered boic from this thi 4 causo cause duall from the arms of the enemy at theand the end of the 3 car 1778 8 the paper dollar was worth 16 cents in the northern states and 12 cents in the tile south early in 1780 its aluc had fallen to 2 costs and before the end of the i car it took ten paper dollars to make a chit acil in october indian corn soldat sold at wholesale in boston for a bushel butter was 12 a pound tea 90 sugar 10 beef i 48 8 coffee 12 and a barrel of flour cost 1575 samuel adams paid 2000 for a hat and suit of clothes the money boon ceased to circulate debts could not be collected and there was general prostrate of credit to say that a thin thing 0 was mas not worth a continental beca became me the stron strongest rest possible expression of A barber in philadelphia papered his shop with t hie lie bills and a aar jog 0 was led up and down d own the streets smeared with tar L with this unhappy money sticking a all ocr him a substitute for the golden olden fleeced sheep of the old norse legend su S u c tor forthe the beana beant pit pittance tince of t gold which cilc in from the french alli alliance anLe from the tile little foreign c commerce commer a th tint t wis left and fiam fic m trade tride with the british army itself the tile country was without any circulating 0 medium in makin making 0 its requisitions upon the states stites congress resorted to a measure which reminds one of the barbaric at ages r aes of baiter instead of a asking S ki nr 0 for money it requested t the he states to send in their specific supplies ut of beef and nna pork flour and rice salt and liaa ha tobacco tind it n the T a finances bances nances of what was so soon to become the richest of na lions were thus managed on oil the pt whereby the tile beagel salaries ct of county country clergymen men in ili new cogland lr gland used to be cald it might atme im been called a continental ss tem MONTHLY of 91 donation virt les 11 afta ATLANTIC TL A k |
