I have receivd your favor of the 21st of January. Every Body sees that the Depreciation of the Paper Currency is owing to the Floods of it which have been necessarily issued. In Addition to which a great Quantity more especially of the Emissions of 20 May 1777 & 11 April 1778 has been counterfeited. This last Consideration was sufficient Inducement to the calling out of Circulation all the Bills of those Emissions as speedily as possible. The lessening the Quantity in Circulation is the only Means of restoring the Value & Credit of the Remainder. It would therefore be a happy Event if every possessor of them would receive Loan Office Certificates for them instead of new Bills in June next but this cannot be expected. In proportion as this may be done the only effectual Means, besides that of taxing which I hope will be chearfully submitted to by the People, of remedying the great Evil will have its effect. Congress have not cried down those Emissions, as the Expression is or resolvd that the Bills should sink in the Hands of those who would not exchange them for Loan Office Certificates, as has been done in the Eastern States. This might have been too harsh a Remedy. They have left it in the Option of the Possessors to receive either such Certificates or new Bills. This is the obvious Intention of their Resolutions on the Subject. The Wish of every discerning honest Man must be as obvious, viz that as many of the Bills may sink in the Loan Offices as the People can possibly spare, and as soon as possible. I think therefore you have judgd right of their Views. It would be an Act of Charity and a great Service to the publick if those who can afford to put their Money to Interest would ease their poorer fellow Citizens who are possessd of those Bills, by exchanging them for other Bills without a Discount. I am &c, TO SAMUEL ALLYNE OTIS. [MS., Samuel Adams Papers, Lenox Library] PHILADE Feby 10 1779 DEAR SIR The late Mr Andrews before his sudden & unexpected Death had written to a young Kinsman of mine in this place, Mr Richard Checkley, proposing to him to go to Boston with a View of employing him in his Warehouse. I know not whether Mr A intended to employ him in his own separate Affairs or in those in which he was joyntly concernd with you for the publick. Mr C had not heard of his Death till he was just about setting off on his Journey to Boston when I informd him of it. He is a young Man who, I am told, bears a good Character and is used to Business. If you can employ him it will be doing him a singular Benefit and I shall acknowledge it as a great favor. I ask it only on this Condition, that it may be perfectly consistent with your Views. I am with Cordial Esteem, Sir yr hble Servt TO JAMES WARREN. [MS., Samuel Adams Papers, Lenox Library.] PHILADE Feb 12 -79 MY DEAR SR