. The financial relations of North Carolina and the Continental Congress. towards defraying the Expence of the Militia and Minute Men, for |purchasing Arms and Ammunition, and paying Bounties for the Encouragement |of ^ianufactures, expresses and other contingencies.^Batches of paper -oOo- 1. J. of C. , 1, 78. 2. C. R. , IX, 1155. Prooeedings of Safety Committee in Chowans , 177^. It being made appear to the satisfaction of the oomraittee for this oounty that we have violated the eighth Article of the Associationij entered into by the Continental Congress by being concerned in a ho
. The financial relations of North Carolina and the Continental Congress. towards defraying the Expence of the Militia and Minute Men, for |purchasing Arms and Ammunition, and paying Bounties for the Encouragement |of ^ianufactures, expresses and other contingencies.^Batches of paper -oOo- 1. J. of C. , 1, 78. 2. C. R. , IX, 1155. Prooeedings of Safety Committee in Chowans , 177^. It being made appear to the satisfaction of the oomraittee for this oounty that we have violated the eighth Article of the Associationij entered into by the Continental Congress by being concerned in a horsei! race - We do therefore most heartily and sincerely declare and profess , that we are sorry for our misconduct, and in order that proper atonement ;!i be made for such our enormity do promise that in future we shall strictly | observe every article of the Association and hope by such behavior to be reinstated in the esteem and favour of our oouaui-ymen and acquaintance• which we have justly forfeited by our misbehavior. I 3. , IX, 1279. 4. , X, 192. 4. f 5^. money varying in quantity were emitted at irregular intervals during thewar which amounted in the aggregate to approximately $^3,000,000.^ Therewas some opposition to the issueing of bills of credit oy men who compre-hended the situation but, for lack of more efficient means of raisingmoney, it was looked upon as a necessary evil. Usually a tax was laid oneach pole for the redemption of the issues but as has been previouslynoted, the sinking funds were often applied to other purposes thus break-ing faith with the public creditors, and ruining the credit of the issues were so frequent and copious that the paper money rapidly de-preciated, and the bars were let down to all the consequent evils. Therequisitions of the Continental Congress were paid in the State currency ^but the credit given the commonwealth in spe:3ie, which was the commondenominator for all the States, was only a fraction of the f
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Keywords: ., bookcentury1900, bookdecade1910, booksubjecttheses, bookyear1910
