Two Centuries of New Milford Connecticut: An Account of the Bi-Centennial Celebration of the Founding of the Town Held June 15, 16, 17, and 18, 1907, With a Number of Historical Articles and ReminiscencesVarious
History
Two Centuries of New Milford Connecticut: An Account of the Bi-Centennial Celebration of the Founding of the Town Held June 15, 16, 17, and 18, 1907, With a Number of Historical Articles and Reminiscences
Various
New Milford (Conn. : Town) -- History
“Sherman did not seek to precipitate this issue. The framers of the
Constitution of the Southern Confederacy met the same question and
decided it. By the article of that document (the Sixth) which
corresponds to the Tenth Amendment to the Constitution of the
United States, the powers not delegated to the Confederate States
were ‘reserved to the States respectively, or to the people
thereof.’[25] Here is the doctrine of States Rights, clear and
unmistakable. It is not improbable that Sherman would have
preferred the use of similar language by the First Congress, in
drafting the Tenth Amendment. The interest of his State lay or
seemed to lie in that direction. But he had been willing, as a
political necessity, to build the Constitution on pillars of
compromise, and this was one of them. He was content to use words
of comprehension, which the adherents of each school of American
politics could read in their own sense, and to leave it to another
generation to determine which should prevail.
“Another service of importance rendered by Sherman in the First
Congress was to bring the cent into actual use in the financial
system of the United States.
“The revenue measure for the collection by the United States of
customs duties on imported goods, which Congress had urged upon the
States in 1783 as an amendment to the Articles of Confederation,
had stated the proposed duties in dollars and ninetieths of a
dollar. Thus, on rum of Jamaica proof, the rate fixed was four
ninetieths of a dollar, and upon all other spirituous liquors three
ninetieths.[26] This mode of reckoning fractions of a dollar
continued to be that pursued in government accounts down to the
close of the Confederation.[27] In 1786, Congress had, indeed,
provided for the coinage of both cents and half-cents.[28] The next
year a contract was made with James Jarvis of New Haven to strike
off three hundred tons of these coins.[29] This contract was
fulfilled at least in part, and many of the cents struck under it
are to be found in the cabinets of collectors. They bear the legend
_Fugio_, and the date 1787. The work was done at New Haven;
Connecticut being then the great copper-producing State.
“It is probable, however, that these New Haven cents had a very
limited circulation. Hildreth says that but a few tons were issued,
and it is certain that in New York the old plan of reckoning by
ninetieths of dollars remained in use for several years more.
Public-domain text, read in full here on John Shaqi.
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