. New England, old and new; a brief review of some historical and industrial incidents in the Puritan "New English Canaan," still the Land of promise . n toteach all such children as shall resort to him to write andread. Eleven years before, the General Court had appropriatedfour hundred pounds towards the establishment of a collegeat Newtown. It is said of this assembly that it was thefirst body in which the people gave their own money tofound a place of education. Two years later, in 1638,John Harvard, dying childless, bequeathed his library andhalf of his estate to the college. Here we see
. New England, old and new; a brief review of some historical and industrial incidents in the Puritan "New English Canaan," still the Land of promise . n toteach all such children as shall resort to him to write andread. Eleven years before, the General Court had appropriatedfour hundred pounds towards the establishment of a collegeat Newtown. It is said of this assembly that it was thefirst body in which the people gave their own money tofound a place of education. Two years later, in 1638,John Harvard, dying childless, bequeathed his library andhalf of his estate to the college. Here we see the establish-ment of the distindly American system of the little redschoolhouse, and of higher education stimulated by theuse of the publics money. Money in the modern sense was never plentiful in colo-nial New England. The native American money, wampum,was legal tender until 1661. It remained current in smalltransadtions till late in the eighteenth century. Its valueranged from five shillings to twenty shillings a of the early income of Harvard College came fromthe ferry privilege between Boston and Charlestown which Colonial Money. /N 1642, the first iron works wereput in operation—near Lynn, Mass-achusetts. Tradition says an iron quartpot was the first casting. 24 New England — Old and New Coins inCirculation LegalPunishments the General Court granted to Harvard College in afterward, we find the ferrymen complaining of lossfrom passengers who paid in peag (a common name forwampum) that was in such bad condition that they lost two-pence in the shilling. Metal coins of English, French, Dutch, and Spanishorigin circulated in New England. There were ninepences,fourpence-hapennies, bits and half-bits, pistareens, pica-yunes and fips, doubloons, moidores, and pistoles, Englishand French guineas, carolins, ducats, and chequins. But there was not enough currency to keep pace with re-quirements for domestic and foreign trade. In 1652 Massa-chusetts eredl
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Keywords: ., bookcentury1900, bookdecade1920, booksubjectindustr, bookyear1920
