the possession of the state and $83,932.46 by the issue of 4% state certificates. This last formed what was known as the registered state debt. It was added to, from time to time, by the recognition of new claims for Revolutionary service and was diminished by occasional purchases by the state at a rate below the par value, but the state was always loth to recognize its full responsibility for the debt and ended by practical repudiation. The above is an outline of the financial history of the state during the Revolution. We now turn back for a moment to obtain a more detailed idea of taxation. Perhaps this can best be done, as in the case of the French and Indian war, by means of a table. (The date given is that of the passage of the act assessing the tax. The first column contains the nominal amount of the tax as stated in said act. The second column contains the nominal amount of the tax actually assessed, certain deductions being necessary on account of the occupation of portions of the state by the enemy and for other reasons. The third column contains the same reduced to specie value, and the fourth column contains the same expressed in our present dollars. The taxes marked with a star are for continental purposes)[109]. Date. Nominal Nominal Specie Value in value in value value dollars. pounds. assessed. assessed. March, 16,000 12,658 11,613 42,387. 1777. Aug. 1777. 32,000 25,316 16,877 61,601. Dec. 1777. 48,000 37,115 11,973 43,701. ------- -------- 147,689. Feb. 1778. 32,000 24,365 6,962 25,411. June 1778. 32,000 24,289 6,072 22,163. Oct. 1778. 32,000 After 6,000 21,900. ------- -------- 69,474. Feb. 1779. 60,000 June, 6,912 25,229. x Feb. 90,000 1778, 10,369 37,847. 1779. June 1779. 60,000 the 4,471 16,319. x June 225,000 first 16,766 61,196. 1779. x Dec. 120,000 and 4,628 16,892 1779. ------- -------- 157,483. x Feb. 180,000 second 5,418 19,776. 1780. x May 1780. 180,000 columns 3,913 14,282 May 1780. 180,000 are the 3,913 14,282. July 1780. 10,000 same. 10,000 36,500. July 1780. 400,000 5,797 21,159 Nov. 1780. 1,000,000 13,514 49,326.