The making of the American nation; a history for elementary schools . unded. Then a gunner of theBonhomme Richard crawled on ayard of the Serapis and intothe open hatchway below threw agrenade, which exploded and killedmost of the remaining , at ten oclock at night,the Serapis surrendered, only a few of her men were left Bonhomme Richard sank before morning, and Jones madethe half-wrecked Serapis his flagship. After more than a yearof service in foreign waters Jones reached Philadelphia.^ Finances of the Revolution. — To provide the necessary fundsfor carrying on the war was
The making of the American nation; a history for elementary schools . unded. Then a gunner of theBonhomme Richard crawled on ayard of the Serapis and intothe open hatchway below threw agrenade, which exploded and killedmost of the remaining , at ten oclock at night,the Serapis surrendered, only a few of her men were left Bonhomme Richard sank before morning, and Jones madethe half-wrecked Serapis his flagship. After more than a yearof service in foreign waters Jones reached Philadelphia.^ Finances of the Revolution. — To provide the necessary fundsfor carrying on the war was a most difficult task. There were no 1 It was named after Benjamin Franklins character Poor Richard, whoseepigrams have made Poor Richards Ahnanac famous. 2 He was made commander of a man-of-war, hut the vessel was not builtuntil peace was declared. Jones later became an admiral in the Russiannavy. He died in Paris, while still a young man. His remains were recently re-covered and brought from France to the United States in great honor. They arenow at THE WAR OF THE REVOLUTION 173 gold mines to draw upon, and the amount of gold and silver coinon hand was small. It was difficult to borrow from foreignbankers, because the country was considered to be in .j-j^grebellion. So the country proceeded to borrow from Continentalits own people, and to issue promises to pay the debt. <^®°<^yThese promises to pay were the same in many respects as thebank bills in use to-day, the chief difference being that there wasno security to make them good. The Continental Congress author-ized their issue for the first time just after the battle of Bunker ^^^^^^^^^^^^^^^^^^^^^m^^ ^^P^RB f |xC &?„;_?*-i S,.,-.^ ^M ^^^^K^^^^^^^^^B^^^^^^^ The Combat between the Bonhomme Richarb and the Serapis. Hill; they had not dared to do this until the emergency wasgreat. By the close of 1779 bills to the amount of more than$241,000,000 had been issued by the general government, eachissue bein
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