History of Taxation in Rhode Island to the Year 1790Gardner, Henry B. (Henry Brayton)
History
History of Taxation in Rhode Island to the Year 1790
Gardner, Henry B. (Henry Brayton)
Taxation -- Rhode Island -- History
Subsequent issues until
1750, were in accordance with these acts. The most severe of the laws
to enforce circulation was passed in connection with the issue of
March, 1750. (Digest 1752, pp. 86, 99). The act recites that the
depreciation of the bills of credit is due to "illegal Practices" in
"offering from time to time, for Gold and Silver, and Bills of
Exchange, for Sterling Money," larger sums in bills than was stated in
the acts of emission. The new bills were declared equal to silver at
6s. 9d. per ounce--to 16s. "new tenor" and to 64s. "old tenor". Any
person who should receive or pay bills of credit at any higher rate
for gold, silver, or bills of exchange, was to be fined £50 in the new
bills. In case of suits for money due (specialties excepted) the
courts were to make their judgments in accordance with the above
values. Clerks of courts were forbidden to issue execution or process
on any judgment in favor of any person until such person should make
oath that he had not violated the above law. No person could enter a
public office without taking the same oath. Foreigners coming into the
colony to trade were required to take the same oath under penalty of
£50. In August, 1751, (Acts and Laws of Rhode Island 1745-1752, p.
104), probably in accordance with the act of Parliament already
referred to, it was provided that in all debts which should come due,
for every sixty-four shillings appearing to be due in old tenor,
sixteen shillings in new tenor, and six shillings and nine pence in
the present bills, the debtor should pay as much in any of the
afore-mentioned bills as should at the time be worth one ounce of
silver sterling.
Footnote 101:
The expenditure for the year ending June, 1718, was £818-3s.-3-3/4d.
The more important items were as follows:
Public buildings (court house and jail) £206-0-0
Salaries (including £20 for gunner) 180-0-0
Bounties on wolves 62-10-0
Cost of revenue (treasurers' fees) 54-8-4
Agent 66-19-4
Weybosset bridge 30-0-0
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