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
Paper money was also issued at times by individuals. In May, 1746,
Joseph Gray gave notice that Franklin had printed for him £27,100 in
notes of hand of 2 d., 3 d., and 6 d., “out of sheer necessity for want
of pence for running change. Whoever takes them shall have them
exchanged on demand with the best money I have.”
In 1749 the scarcity of small change was so great that the inhabitants
petitioned for relief, and a committee of the Assembly was appointed to
bring in a bill for the issue of £20,000, mostly in small bills.
An association was formed for issuing paper money to relieve the
pressure for change. Eight reputable merchants issued five-pound notes
to the amount of £20,000, payable at nine months with five per cent
interest. It was soon evident that anyone might do the same thing, and
the community be flooded with valueless currency. It was also at the
same time a new way of borrowing capital. A petition signed by two
hundred tradesmen was presented to the Assembly, which forbade it.
In 1763 the whole paper-money system of the colonies, including that of
Pennsylvania, was outlawed by act of Parliament, when Franklin wrote a
pamphlet, protesting against the act.
This outlawing of colonial money had much to do with prejudicing the
people of the colonies against the rule of Parliament.
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General Clark Began Draft for Troops in
Drive Against Detroit, March 3, 1781
The Western frontiers of Pennsylvania were sorely distressed during the
spring and summer of 1781 by the efforts of General George Rogers Clark,
an officer of the Dominion of Virginia, to raise troops for an
expedition in the interest of Virginia against the British post at
Detroit.
Clark received a commission as brigadier general and was given ample
funds with which to purchase provisions in the country west of the
Allegheny Mountains. Also a small force of 140 Virginia regulars was
placed at his service and he was empowered to equip additional
volunteers in the border counties.
Agents were sent in advance of General Clark into the country between
the Laurel Hill range and the Ohio River, who began to buy flour and
live cattle. This caused much uneasiness among the Pennsylvania
militiamen stationed in that country, and Colonel Daniel Brodhead made
complaint to the State Government.
Colonel Brodhead received a letter from General Washington directing him
to give aid to General Clark’s undertaking and to detach from his own
force the field artillery under command of Captain Isaac Craig, and at
least a captain’s command of infantry, to assist the Virginia
expedition.
General Clark arrived on the Pennsylvania frontier March 3 and
established his headquarters at the house of Colonel William Crawford,
on the Youghiogheny, spending part of his time with Colonel Dorsey
Pentecost on Chartiers Creek.
Public-domain text, read in full here on John Shaqi.
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