The Critical Period of American HistoryFiske, John
History
The Critical Period of American History
Fiske, John
United States -- History -- Confederation, 1783-1789
These outrageous proceedings awakened disgust and alarm among sensible
people in all the other states, and Rhode Island was everywhere reviled
and made fun of. One clause of the forcing act had provided that if a
debtor should offer paper to his creditor and the creditor should refuse
to take it at par, the debtor might carry his rag money to court and
deposit it with the judge; and the judge must thereupon issue a
certificate discharging the debt. The form of certificate began with the
words "Know Ye," and forthwith the unhappy little state was nicknamed
Rogues' Island, the home of Know Ye men and Know Ye measures.
[Sidenote: Rag money defeated in Massachusetts; the Shays insurrection,
Aug. 1786-Feb. 1787.]
While the scorn of the people was thus poured out upon Rhode Island,
much sympathy was felt for the government of Massachusetts, which was
called upon thus early to put down armed rebellion. The pressure of debt
was keenly felt in the rural districts of Massachusetts. It is estimated
that the private debts in the state amounted to some $7,000,000, and the
state's arrears to the federal government amounted to some $7,000,000
more. Adding to these sums the arrears of bounties due to the soldiers,
and the annual cost of the state, county, and town governments, there
was reached an aggregate equivalent to a tax of more than $50 on every
man, woman, and child in this population of 379,000 souls. Upon every
head of a family the average burden was some $200 at a time when most
farmers would have thought such a sum yearly a princely income. In those
days of scarcity most of them did not set eyes on so much as $50 in the
course of a year, and happy was he who had tucked away two or three
golden guineas or moidores in an old stocking, and sewed up the treasure
in his straw mattress or hidden it behind the bricks of the
chimney-piece. Under such circumstances the payment of debts and taxes
was out of the question; and as the same state of things made creditors
clamorous and ugly, the courts were crowded with lawsuits. The lawyers
usually contrived to get their money by exacting retainers in advance,
and the practice of champerty was common, whereby the lawyer did his
work in consideration of a percentage on the sum which was at last
forcibly collected. Homesteads were sold for the payment of foreclosed
mortgages, cattle were seized in distrainer, and the farmer himself was
sent to jail. The smouldering fires of wrath thus kindled found
expression in curses aimed at lawyers, judges, and merchants. The wicked
merchants bought foreign goods and drained the state of specie to pay
for them, while they drank Madeira wine and dressed their wives in fine
velvets and laces. So said the farmers; and city ladies, far kinder than
these railers deemed them, formed clubs, of which the members pledged
themselves to wear homespun,--a poor palliative for the deep-seated ills
of the time. In such mood were many of the villagers when in the summer
Public-domain text, read in full here on John Shaqi.
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