. A history of Vermont, with the state constitution, geological and geographical notes, bibliography, chronology, statistical tables, maps, and illustrations. this ii, tkf^iiafiircr of tiii! i:i:i nont. Twenty S ii i milUd , < Shilling.: :-<•■■•or Gold nr SilrnCoins: .I-. in 1781, Vermont determined to follow at a safe dis-tance the example of Congress and the neighboringstates. An issue of ;£2 5,15 5 in paper money was author-ized. The bills were to be in denominations runningfrom one shilling to £,1. Notice that this was
. A history of Vermont, with the state constitution, geological and geographical notes, bibliography, chronology, statistical tables, maps, and illustrations. this ii, tkf^iiafiircr of tiii! i:i:i nont. Twenty S ii i milUd , < Shilling.: :-<•■■•or Gold nr SilrnCoins: .I-. in 1781, Vermont determined to follow at a safe dis-tance the example of Congress and the neighboringstates. An issue of ;£2 5,15 5 in paper money was author-ized. The bills were to be in denominations runningfrom one shilling to £,1. Notice that this was beforethe adoption of dollars and cents, or as it is commonlycalled, the decimal system of currency. In order to make thismoney worth what itclaimed to be on its face,provision was made tolay taxes to redeem was to be redeemedby the treasurer of thestate by June i, 1782,with specie at the rateof six shillings to theSpanish milled is to the credit of thestate that it was re-deemed and for thatreason its value wasmaintained. Noticethat Spanish money wasthe prevailing coin current at that time. It came to thecolonies by way of the West India trade. Not content with this experiment, some of the peoplebegan agitation for the establishment of banks a fewyears later. The bank measure was voted down in1787, but came up agai
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