. The Narragansett historical register . land was the last State to accept and approve thereof. I say it is well known to you; for the historical facts ofthe case have been ably collected and published by the R. Potter and afterwards more fully commentedupon and illustrated by Mr. Sidney S. Rider in his historicaltract on the subject published in Providence and to be foundin the cabinet of your parent society. To this work I am much indebted for details of informationwhich otherwise without difficult and laborious research Ishould have been unable to discover. But it is not enti
. The Narragansett historical register . land was the last State to accept and approve thereof. I say it is well known to you; for the historical facts ofthe case have been ably collected and published by the R. Potter and afterwards more fully commentedupon and illustrated by Mr. Sidney S. Rider in his historicaltract on the subject published in Providence and to be foundin the cabinet of your parent society. To this work I am much indebted for details of informationwhich otherwise without difficult and laborious research Ishould have been unable to discover. But it is not entirely by the examination of dry statementsthat the lessons of history are to be learned. The mere facts that issues of paper money were made in1710, and later—that banks so-called were issued in 1715,and at various times till 1750; that the money depreciatedtill in 1769—it required 29 shillings in currency to purchaseone shilling sterling—do not teach us whether such issueswere advisable or inadvisable, whether the depreciation and. Rhode Island Colonial Paper Currency. resulting losses that followed were the inevitable results ofsuch issues, or of other circumstances. Whether our ancestors were wise or not in the matter ofsuch issues ? Whether they were in such a position that theywere the best steps that could be taken under the circum-stances ? are questions that can only be advantageously con-sidered by grouping together many other facts and lookingat all the circumstances surrounding the case—by taking amental photograph, so to speak, of the colony at the time ofthe issues, and, from its study, learn the true lesson of theevents. We think that an hour may be pleasantly and profitablyspent in reviewing the circumstances surrounding ourancestors when they performed their acts, and will help us tolook at the facts as they looked at them; to feel the diffi-culties of their various situations as they felt them, and toappreciate the remedies (if remedies they were) as the
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