WILLIAM DOUGLASS

In the four Colonies of New England, viz. New Hampshire, Massachusetts Bay, Rhode Island and Connecticut, their Currency being Paper, is promiscuously the same. …. particularly in our Paper Money Colonies, the Currencies have incredibly depreciated from Sterling, and from one another.

It is not repeated large Emissions [printing] of a base Paper-Currency, but our Imports exceeding our Exports, that occasions Silver to be ship'd off in Ballance

They who have nothing to loose, are generally of the Party for Paper Money; this ought to be a strong Prejudice against it, with sober thinking Men.

In many of our Plantations of late Years, by bad Management and Extravagancies, the Majority of the People are become Debtors, hence their Elected Representation in the Legislature have a great Chance to be generally of the Debtors Side: or in other Words, the Representatives being generally Freeholders, and many of them much in Debt; by large Emissions their Lands rise in Denomination Value while their Debts become really less, and the Creditor is defrauded in Part of his Debt.

In all Sovereignties in Europe where Paper-Money was introduced, great Inconveniencies happened; upon canceling this Paper Medium all those Inconveniencies did vanish

A general Clamour for a depreciating Paper Currency, is a certain Sign of the Country being generally in bad Circumstances

To make a Bill or Note bearing no Interest, and not payable till after a dozen or score of Years, a legal Tender … in Payment of Debts, is the highest of despotick and arbitrary Government

A general Clamour for a depreciating Paper Currency, is a certain Sign of the Country being generally in bad Circumstances

In all Sovereignties in Europe where Paper-Money was introduced, great Inconveniencies happened; upon canceling this Paper Medium all those Inconveniencies did vanish

In many of our Plantations of late Years, by bad Management and Extravagancies, the Majority of the People are become Debtors, hence their Elected Representation in the Legislature have a great Chance to be generally of the Debtors Side: or in other Words, the Representatives being generally Freeholders, and many of them much in Debt; by large Emissions their Lands rise in Denomination Value while their Debts become really less, and the Creditor is defrauded in Part of his Debt.

In the four Colonies of New England, viz. New Hampshire, Massachusetts Bay, Rhode Island and Connecticut, their Currency being Paper, is promiscuously the same. …. particularly in our Paper Money Colonies, the Currencies have incredibly depreciated from Sterling, and from one another.

It is not repeated large Emissions [printing] of a base Paper-Currency, but our Imports exceeding our Exports, that occasions Silver to be ship'd off in Ballance

They who have nothing to loose, are generally of the Party for Paper Money; this ought to be a strong Prejudice against it, with sober thinking Men.

To make a Bill or Note bearing no Interest, and not payable till after a dozen or score of Years, a legal Tender … in Payment of Debts, is the highest of despotick and arbitrary Government