Daily stories of Pennsylvania : $b prepared for publication in the leading daily newspapers of the state...Godcharles, Frederic Antes
History
Daily stories of Pennsylvania : $b prepared for publication in the leading daily newspapers of the state...
Godcharles, Frederic Antes
Pennsylvania -- Biography; Pennsylvania -- History
Late in 1834 the enemies of free schools attacked the measure all over
the State, and the Senate voted to repeal the act of 1834, but Thaddeus
Stevens saved the measure in the House. By 1848 this school law had
grown much in favor, but it was not until 1874 that the last district in
the State accepted the law. State Superintendent Wickersham then said in
his annual report: “For the first time in our history the door of a
public school house stands open to receive every child of proper age
within the limits of the State.”
The progress of education after 1850 was very rapid. The crowning acts
to make elementary education universal were the free textbook law of
1893 and the compulsory attendance law of 1895.
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Pennsylvania on Paper Money Basis When
Bills of Credit Are Issued
March 2, 1722–23
The first bills of credit, or paper-money, issued in the English
American colonies were put forth by Massachusetts, in 1690, to pay the
troops who went on an expedition against Quebec, under Sir William
Phipps.
It was Governor Sir William Keith who first introduced the people of
Pennsylvania to the pleasures and benefits of an irredeemable paper
currency.
There had been great and long-standing complaint about the deficiency of
a circulating medium, for the use of wampum had ceased, and foreign coin
had never become plenty. The course of exchange ran heavily against the
Province, and those who possessed money made enormous profits by the
purchase and sale of bills.
The merchants of England did not ship bank-notes or coin to the
Provinces. They paid for the produce which they purchased here with
English goods, and settled the balances by shipments of sugar, rum,
etc., from Barbadoes and other places in the West Indies, and by Negroes
and indentured servants.
There seems to have been more hard money in Philadelphia than in New
England, for Franklin, a paper-money man, notes in his autobiography how
his fellow-workmen in Boston were surprised when he returned to his
brother’s place in 1724 from Philadelphia. Franklin displayed a handful
of silver, which was a rare sight, for they only had paper-money in
Boston.
When Franklin first visited Philadelphia, in 1723, he noticed with
surprise the free circulation of metallic money among the people of
Pennsylvania. The whole of his own money then consisted of a Dutch
dollar and a shilling’s worth of coppers.
But this condition soon changed for James Logan, in writing to the
Proprietaries late in 1724, says, “No gold or silver passes amongst us.”
The Proprietary demanded sterling money in payment of quit-rents, no
matter what the depreciation of the provincial currency. This was their
right since they had nothing to do either with the emission of the
currency or its depreciation.
Public-domain text, read in full here on John Shaqi.
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