The Granite Monthly. Vol. II. No. 7. Apr., 1879: A New Hampshire Magazine devoted to Literature, History, and State ProgressVarious
History
The Granite Monthly. Vol. II. No. 7. Apr., 1879: A New Hampshire Magazine devoted to Literature, History, and State Progress
Various
New Hampshire -- History -- Periodicals
The country store of the earliest times was a more emphatic collection
of multitudinous varieties of articles, if possible, than the later
place of local public traffic. Then, as now, the local store was the
principal resort of the great commonalty. Men of special vocations
sometimes took a stock of products to the lower country and bartered for
goods to bring back and distribute among their neighbors, and the
itinerant merchant, or pedlar, reaped a much better harvest than now;
but the country store was a popular necessity and well patronized. At
first there was less trading in domestic luxuries; the goods in store
represented the common necessities. Since the popular idea of necessity
does not fully exclude the illusory principle, we have to admit rum,
gin, brandy, etc., into the former list of domestic staples. Cash and
barter were entertained by every tradesman, to whom the populace largely
looked for advantageous exchanges of substance. The progress of the
settlement was attended by the extension, and to some extent by the
classification, of trade till the time when Hopkinton assumed the
commercial importance described in a previous article.
The currency employed in the transaction of business was at first
nominally English, though Spanish milled dollars were in circulation.
One of the inconveniences of the early settlers of New England was a
scarcity of money. The different provincial governments sought to
relieve the public financial burdens by the issue of Bills of Credit, a
currency mentioned in the records of this town as “old tenor.” Such a
circulating medium in such a time could only depreciate in value, but,
following a custom obtaining in the old country, the purchasing value of
these bills could from time to time be fixed by the local legislatures.
About the year 1750, it was established throughout the provinces that £1
in the currency of the Bills of Credit should be equivalent to two
shillings and eight pence lawful money, and that six shillings should be
equal to one dollar.
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