The Critical Period of American HistoryFiske, John
History
The Critical Period of American History
Fiske, John
United States -- History -- Confederation, 1783-1789
of 1786 they were overtaken by the craze for paper money. At the meeting
of the legislature in May, a petition came in from Bristol County,
praying for an issue of paper. The petitioners admitted that such money
was sure to deteriorate in value, and they doubted the wisdom of trying
to keep it up by forcing acts. Instead of this they would have the rate
of its deterioration regulated by law, so that a dollar might be worth
ninety cents to-day, and presently seventy cents, and by and by fifty
cents, and so on till it should go down to zero and be thrown overboard.
People would thus know what to expect, and it would be all right. The
delicious _naïveté_ of this argument did not prevail with the
legislature of Massachusetts, and soft money was frowned down by a vote
of ninety-nine to nineteen. Then a bill was brought in seeking to
reëstablish in legislation the ancient practice of barter, and make
horses and cows legal tender for debts; and this bill was crushed by
eighty-nine votes against thirty-five. At the same time this legislature
passed a bill to strengthen the federal government by a grant of
supplementary funds to Congress, and thus laid a further burden of taxes
upon the people.
There was an outburst of popular wrath. A convention at Hatfield in
August decided that the court of common pleas ought to be abolished,
that no funds should be granted to Congress, and that paper money should
be issued at once. Another convention at Lenox denounced such incendiary
measures, approved of supporting the federal government, and declared
that no good could come from the issue of paper money. But meanwhile the
angry farmers had resorted to violence. The legislature, they said, had
its sittings in Boston, under the influence of wicked lawyers and
merchants, and thus could not be expected to do the will of the people.
A cry went up that henceforth the law-makers must sit in some small
inland town, where jealous eyes might watch their proceedings. Meanwhile
the lawyers must be dealt with; and at Northampton, Worcester, Great
Barrington, and Concord the courts were broken up by armed mobs. At
Concord one Job Shattuck brought several hundred armed men into the town
and surrounded the court-house, while in a fierce harangue he declared
that the time had come for wiping out all debts. "Yes," squeaked a nasal
voice from the crowd,--"yes, Job, we know all about them two farms you
can't never pay for!" But this repartee did not save the judges, who
thought it best to flee from the town. At first the legislature deemed
it wise to take a lenient view of these proceedings, and it even went so
far as to promise to hold its next session out of Boston. But the
agitation had reached a point where it could not be stayed. In September
the supreme court was to sit at Springfield, and Governor Bowdoin sent a
force of 600 militia under General Shepard to protect it. They were
confronted by some 600 insurgents, under the leadership of Daniel Shays.
Public-domain text, read in full here on John Shaqi.
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