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A History of the Bills Credit

A History of the Bills Credit


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1866 edition. Excerpt: ...continent will most heartily cooperate with, and second his majesty's intentions by a vigorous exertion of their utmost strength.' They agreed without hesitation to make effectual provision for levying, clothing, and paying such a body of troops as the number of inhabitants would allow. The plan was to raise 20,000 provincials, the king furnishing arms, ammunition, tents, and provisions. The number apportioned to NewYork was 2680 men, for the clothing and paying o: p whom 100,000 were emitted1 in paper money, to be canceled by a nine years' tax. The struggle then began, and its results are matters of well known history. Success attended it 1 March 24,1758. 6 through. It commenced by taking from theTrench, Louisbourg, then Port Prontenac and soon after Port du Quesne. Port Stanwix was built, and Ticonderoga taken. The Prench were again defeated at Niagara, the fort taken, and finally Quebec fell. Further appropriations were called for as the war advanced. A second issue of 100,000 of bills was made in 1759,1 to be cancelled with the last, and in the same year2 the sum of X150,000 was, at the request of Gen. Amherst, advanced to the British contractor's agent in America for supplying the army, for the immediate payment of which, paper money was emitted, on the credit of sets of bills of exchange drawn at 60 days, for 375,000 Spanish milled dollars. In 17603 the sum of 60,000 in further payment of the expenses of the 2680 men was added to the amount already issued, making a total of 410,000. The amount of paper money in circulation had become large. In some of the colonies, and indeed in New York, the provisions for canceling as the bills matured, were not always adequate. It was ascertained upon an examination by a committee...


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Product Details
  • ISBN-13: 9781151648624
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 20
  • Spine Width: 1 mm
  • Width: 189 mm
  • ISBN-10: 1151648620
  • Publisher Date: 10 Jul 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 54 gr


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