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Show 434. PREFACE 10 Air. Galloway'rSpmcn. therefore a mere propoflrd improvementIotxtlrijszi, which could not be, and was not, mt usicé c , .10denominated fundamentally wrong alrdlunjiui VVC have now gone tl'.r011gti live oi t It 1x it the thing ‘ndm.anybur b: {I ering , t4 diicov ,‘ Vvitha/u 1‘ , ‘t‘ pofed amendntius . a 1 ,r or. e conlu c on which that cenlur '5 h")act '* a twait 01A me e at ' ' ' " pOl‘Ilts ' s; wnicn its/5 remain 'VUlICi‘Clll we mutt candidly acknowledge t Lilo} fomething, that, in their lordlhips vieziv 3f t1ilté mutt jullit‘y their judgment: The "01 5b the fixt/J article are, ‘ That the payments yflmli ‘ tenants to the proprzt'ttzru'r of their 'r‘ent1s, (five ‘ be according to the terms of then lcfl305'_ ‘ grants ; as iffuch aét had never been liar :Vliich This relates to that claufe of the act y ‘ dif. the paper money was made a legal tender Em and rates ‘ charge of all manner of debts,prents, 1 the tdie at $6. ever,' whatfo money of ‘ fums ‘ afcertained in the act of parliament ma _e'1nmce ‘ fixth of Qieen Anne.'.-From the greatlinJ 3d of frequently done to creditors, and companion of from the colonies, by the V39: deprecrctll . ci- paper bills,- it was become a general fixe 'hprfrn 1a- ple with the miniftry, that fuch bills (w be 1:: t lue, though fixed in the act, could no;C :leggl arliafixed by the act) ought not to be mah tender in any colony at thofe rates. The liender ment had before pafi'ed an act to take t at dhave away in the four New-England colonies, lantv their fince made the a& general. the This was w mf lordfhips would therefore have propofe_%h:: the amendment.fBut it being reprefented, [3). R] P/"aérim7i'rrr Object ions to a Lei-w. 4 35 chief fupport of the credit of the bills was the legil tender; and that withou t it they would be: come of. no mine, it was all owed generally to re- main ; with an exception to the fl‘Q/ri‘z'ez‘zzriy'r rents, where 3'3 there was :1 fpecial contract for payment in another coin.- It cannot be denied but that 7/35: was doingjutlice to the pro prietaries; and that, had the requifition been in fav our of arfllaz‘zflt'r c re ~ dito rs alto, the julticc had been equa l, as being general. We do not therefore pre fume to impeach their lordlhipsjudgment, tha t the act, as it ens forced the acceptance of bills for money at a value whi ch they had only nominally, and not really; was in that refpeét fundamentall y wrong and un- jult.---And yet we believe theRmc/a rwill not think the alleinblylb much to blame, whe n he confiders ' that the making paper bills a legal tender had been the univerfa 1 mode in America for more than threefcore years,- that there was {carce a colony that had not pi'aétifed that mode more or lefs: That it had always been thought abfolutely necef- fary, in order to give the bills acredit, and thereby obtain from them the ufes ofmoney: That the inconveniencies were therefore fubm itted to, for the fake of the greater convenie nces: That acts innumerable of the like kind had been a - proved by the crown: And that if the affem bly made the bills a legal tender at thofe rates to the proprietaries; they made them alfo a legal tende r to themfelves, and all their confiituents; many of [Poflibly this word «Mm», means rwbrre wr. t chief Kkkz E.] whom ‘llillllllilllllia illllilll |