. A history of Pennsylvania. siness greatlyprospered. The system w^as employed till the Revolution.^The first issue was for £15,000 and the bills varied in amountfrom one shilling to twenty shillings. * If any one proferrod taking an oath the official was bound to administer it. - The method was substantially, that any owner of plate, or unencumberedreal estate, could procure those bills by pledging his property and paying fiveper cent per annum. The loan on plate could be for one year onh, on realestate for eight years. One eighth of the loan was to be repaid yearly. UNDER PENNS SUCCESSORS 79
. A history of Pennsylvania. siness greatlyprospered. The system w^as employed till the Revolution.^The first issue was for £15,000 and the bills varied in amountfrom one shilling to twenty shillings. * If any one proferrod taking an oath the official was bound to administer it. - The method was substantially, that any owner of plate, or unencumberedreal estate, could procure those bills by pledging his property and paying fiveper cent per annum. The loan on plate could be for one year onh, on realestate for eight years. One eighth of the loan was to be repaid yearly. UNDER PENNS SUCCESSORS 79 Keith Quarrels with the Council and is Removed. —Though Keith was popular in the Assembly and with thepeople, the Council was suspicious. Keith on his part held,and was doubtless technically correct, that he was not re-quired to follow its advice. James Logan, still secretary ofthe province and special representative of Hannah Penn,was removed by Keith. Logan submitted, but went to ^^ t ir^ .J. /--v -IS - ,-V. ^?^Sw^ ^. ,.»>*i-
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