. Currency and banking in the province of the Massachusetts-Bay. attempt to show what the community re-garded as the shilling in commercial use. It is not somuch the scientific definition of value that we seek, asthe opinion of the colonists as to values measured insterling. This we can to a certain extent accomplish,but the practical disregard by the colonists of any otherquestion in connection with the coins in use than thatof weight makes conclusions based upon these opinionsof doubtful accuracy. In the long run value un-doubtedly asserted itself, but quotations must at timeshave been at va
. Currency and banking in the province of the Massachusetts-Bay. attempt to show what the community re-garded as the shilling in commercial use. It is not somuch the scientific definition of value that we seek, asthe opinion of the colonists as to values measured insterling. This we can to a certain extent accomplish,but the practical disregard by the colonists of any otherquestion in connection with the coins in use than thatof weight makes conclusions based upon these opinionsof doubtful accuracy. In the long run value un-doubtedly asserted itself, but quotations must at timeshave been at variance with it. Furthermore, theirreconcilable nature of some of the statutes, fromwhich more than one value can be determined, unsettlesconclusions based upon them and compels the exerciseof independent judgment. In any event whether thereader be competent to test the recorded facts with theskill of an expert numismatist or can simply apply thetests open to an ordinary business man, the recapitula-tion and study of the same events will be necessary. Plate 40J. bill, 1708, having the red monogram on its face. The indent has been trimmedoff. Photographed by permission of the Lenox Library.
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Keywords: ., bookcentury1900, bookdecade1900, booksubjectbanksan, bookyear1901
