M^r Wilson. It will have a most salutary influence on the credit of the U. States to remove the possibility of paper money. This expedient can never succeed whilst its mischiefs are remembered. And as long as it can be resorted to, it will be a bar to other resources. M^r Butler remarked that paper was a legal tender in no Country in Europe. He was urgent for disarming the Government of such a power. M^r Mason was still averse to tying the hands of the Legislature _altogether_. If there was no example in Europe as just remarked it might be observed on the other side, that there was none in which the Government was restrained on this head. M^r Read, thought the words, if not struck out, would be as alarming as the mark of the Beast in Revelations. M^r Langdon had rather reject the whole plan than retain the three words ("and emit bills"). On the motion for striking out N.H. ay. Mass. ay. C^t ay. N.J. no. P^a ay. Del. ay. M^d no. V^a ay.[31] N.C. ay. S.C. ay. Geo. ay. [31] This vote in the affirmative by Virg^a was occasioned by the acquiescence of M^r Madison who became satisfied that striking out the words would not disable the Gov^t from the use of public notes as far as they could be safe & proper; & would only cut off the pretext for a paper currency and particularly for making the bills a tender either for public or private debts.--Madison's Note. The clause for borrowing money, agreed to nem. con. Adj^d. FRIDAY AUGUST 17. IN CONVENTION Art. VII. Sect. 1. resumed, on the clause, "to appoint Treasurer by ballot," M^r Ghorum moved to insert "joint" before ballot, as more convenient as well as reasonable, than to require the separate concurrence of the Senate. M^r Pinkney 2^{ds} the motion. M^r Sherman opposed it as favoring the larger States. M^r Read moved to strike out the clause, leaving the appointment of the Treasurer as of other officers to the Executive. The Legislature was an improper body for appointments. Those of the State legislatures were a proof of it. The Executive being responsible would make a good choice. M^r Mercer 2^{ds} the motion of M^r Read. On the motion for inserting the word "joint" before ballot N.H. ay. Mass. ay. C^t no. N.J. no. P^a ay. M^d no. V^a ay. N.C. ay. S.C. ay. Geo. ay. Col. Mason in opposition to M^r Read's motion desired it might be considered to whom the money would belong; if to the people, the legislature representing the people ought to appoint the keepers of it. On striking out the clause as amended by inserting "Joint" N.H. no. Mass. no. C^t no. P^a ay. Del. ay. M^d ay. V^a no. N.C. no. S.C. ay. Geo. no. "To constitute inferior tribunals" agreed to nem. con. "To make rules as to captures on land & water" d^o d^o. "To declare the law and punishment of piracies and felonies &c &c." considered.