An Historical Account of the Rise and Progress of the Colonies of South Carolina and Georgia, Volume 1Hewatt, Alexander
History
An Historical Account of the Rise and Progress of the Colonies of South Carolina and Georgia, Volume 1
Hewatt, Alexander
Georgia -- History -- Colonial period, ca. 1600-1775; South Carolina -- History -- Colonial period, ca. 1600-1775
The expences incurred by the French invasion, though it terminated much
to the honour of the Carolineans, fell heavy on the colony, still in a
poor and languishing condition. No taxes as yet had been laid on real or
personal estates: the revenues of the colony were all raised by duties
laid on spirituous liquors, sugar, molasses, and a few other articles
imported; and on deer-skins and furs exported. The amount of these
several duties was applied towards defraying the charges of government,
such as raising and repairing fortifications, paying the Governor's
salary, maintaining garrisons, providing military stores, and salaries to
ten ministers of the church of England, and sinking bills of credit
stamped for answering the extraordinary expences of the province. Eight
thousand pounds had been issued for defraying the public expences
occasioned by the French invasion; and the act laying an imposition on
furs, skins, and liquors, was continued, for the purpose of cancelling
these bills of credit. From this time forward there was a gradual rise in
exchange and produce, owing, as many thought, to the emission and
establishment of paper currency in the province. Before this period,
French and Spanish gold and silver, brought into the country by pirates,
privateers, and the over-balance of trade with the West Indies, answered
all the purposes of internal commerce, and very little English coin was
circulating in the country. However, soon after this emission, fifty _per
cent_. advance was given by the merchants for what English money there
was; that is to say, for one hundred pounds English coin, they gave one
hundred and fifty pounds paper currency of Carolina.
[Sidenote] The invasion of Canada.
Public-domain text, read in full here on John Shaqi.
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