A short history of Rhode IslandGreene, George Washington
History
A short history of Rhode Island
Greene, George Washington
Rhode Island -- History
It was at this critical moment, when rents were paid in corn and trade
seemed about to return to its original form of barter, that the first
spinning-jenny in the United States was constructed by Daniel Jackson,
of Providence, and the foundations of Rhode Island's manufacturing
prosperity securely laid. History is full of compensations.
We reach the beginning of a still greater struggle. The convention
that was to transform the Confederation into a Union was to meet in
May. Should Rhode Island be represented in it? Those who had faith in
the Confederation, and there were many such, believed that with some
amendments it might be made to answer all the purposes of a stable
government. Those who were more impressed with its weakness called
for a thorough and radical change. The first, who in the sequel were
known as States Rights men, were also the advocates of paper money. The
second, the Federalists of a later day, were in favor of hard money.
The motion to send delegates was lost, and another step taken towards
repudiation. "All holders of State securities were required to present
them to the treasurer within six weeks and receive five shillings in
the pound thereupon, or to forfeit that amount, and interest was to
cease immediately upon the rising of the Assembly. The paper was now
passing at the rate of six dollars in paper for one in silver." Never
had the honor of the State been so imperilled. Fortunately, though, the
Assembly was divided, the courts were firm, and it was only by removing
four judges out of five that a decision in favor of paper payments
was obtained. Meanwhile the bills continued to fall, and soon reached
eight for one. But the moral sense of the community was not altogether
stifled. Some churches refused to receive as communicants men who paid
their debts in paper.
But soon all questions became absorbed in the question of the
acceptance or rejection of the Convention. In the Senate it was voted
to send delegates, but the bill was lost in the House, whose action
was defended by a State Rights letter, setting forth the doctrine of
popular sovereignty and "the entire subserviency of the legislature
to the public will." None but the people could send delegates to a
convention.
Meanwhile, the Convention, with Washington at its head, and Franklin,
Hamilton and Madison among its working members, had reached the end
of its arduous labors. The next step was to submit it to the people.
The Assembly met and a bill was introduced for printing it for
distribution, and appointing delegates as recommended by the Convention
itself. The last was voted down by a large majority. The fruit was not
yet ripe. But a resolve to print a thousand copies for distribution was
agreed to, and thus the question was brought squarely before the people.
Public-domain text, read in full here on John Shaqi.
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