However fit [bitterly declared Franklin in the pamphlet, to which we have just referred], a particular Thing may be for a particular Purpose, wherever that Thing is not to be had, or not to be had in sufficient Plenty, it becomes necessary to use something else, the fittest that can be got, in lieu of it. In America, this undoubtedly was a paper currency, even though issued as real, and not representative, money. At times, in the history of the Colonies, it worked much pecuniary loss and debasement of morals, but, makeshift as it was, it was the best makeshift that the situation of the Colonies allowed; and, when New England petitioned for the Act of Parliament, depriving it of the legal-tender quality within her limits, it was only, Franklin contended, because the close intercourse between the four provinces, of which she was constituted, and the large supply of hard money, derived by her from her whale and cod fisheries, took the sting out of the act. But, when the act was afterwards extended to the other colonies, it became a real grievance, and, as such, was stated by Franklin, in his examination before the House of Commons, to be one of the causes, which had lessened the respect of the Colonies for Parliament. "It seems hard therefore," he said in the paper just mentioned, "to draw all their real Money from them, and then refuse them the poor Privilege of using Paper instead of it." In the same essay, the circumstances, in which the need for a paper currency in the Colonies originated, are stated in his perspicuous manner: "The Truth is, that the Balance of their Trade with Britain being generally against them, the Gold and Silver is drawn out to pay that Balance; and then the Necessity of some Medium of Trade has induced the making of Paper Money, which could not be carried away."