Memoirs of the life of David Rittenhouse, LLD. F.R.S., late president of the American Philosophical Society, &c. : $b interspersed with various notices of many distinguished men : with an appendix, containing sundry philosophical and other papers, most of which have not hitherto been publishedBarton, William
History
Memoirs of the life of David Rittenhouse, LLD. F.R.S., late president of the American Philosophical Society, &c. : $b interspersed with various notices of many distinguished men : with an appendix, containing sundry philosophical and other papers, most of which have not hitherto been published
“Your account of the increase of the growth of hemp, gives me great
pleasure; and I think the demand there has been for wheat, since the
date of your letter, must have made the country people rich, even
those who were poor before: it will prevent people being under the
necessity of parting with their lands, and going to Carolina. Their
produce will always bring them money at Philadelphia, notwithstanding
there may be some more need for paper-money; yet, when trade is brisk,
it circulates faster, and a less quantity will carry on a greater
trade: however, I hope, in the next session of parliament, we may get
the law which prohibits our making any more, repealed.”
The parliamentary restriction was, in fact, afterwards taken off; and
an effort was made, in the beginning of the year 1770, by the
legislature of Pennsylvania, to enact a loan-office law, for the
purpose of putting in circulation a further emission of paper-money:
but the measure then miscarried, in consequence of some disagreement
between the governor and the general assembly respecting the right
they severally claimed, of appointing the trustees of the proposed
loan-office.
Footnote 210a:
See Note 202.
-----
In the year 1782, Mr. Rittenhouse was elected a Fellow of the Academy of
Arts and Sciences, of Boston: his certificate bears date the 30th of
January, in that year. This academy, which Dr. Morse ranks among the
first literary institutions in the state of Massachusetts, holds a very
respectable station in relation to science: yet it was not established
till so lately as May 4, 1780. The end and design of the institution are
stated to be—“to promote and encourage the knowledge of the antiquities
of America, and of the natural history of the country, and to determine
the uses to which its various natural productions may be applied: also,
to promote and encourage medical discoveries, mathematical
disquisitions, philosophical enquiries and experiments; astronomical,
meteorological and geographical observations, improvements in
agriculture, arts, manufactures, commerce, and the cultivation of every
science that may tend to advance a free, independent and virtuous
people.”[211]
-----
Footnote 211:
The number of members in the Boston Academy is never to exceed two
hundred, nor to be less than forty. By being limited to so moderate a
number as the former, for the greater extreme, this academy will be
likely to select suitable persons for the honour of fellowship, with
the more discriminating circumspection.
-----
Public-domain text, read in full here on John Shaqi.
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