Browsing named entities in HISTORY OF THE TOWN OF MEDFORD, Middlesex County, Massachusetts, FROM ITS FIRST SETTLEMENT, IN 1630, TO THE PRESENT TIME, 1855. (ed. Charles Brooks). You can also browse the collection for June 29th or search for June 29th in all documents.

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HISTORY OF THE TOWN OF MEDFORD, Middlesex County, Massachusetts, FROM ITS FIRST SETTLEMENT, IN 1630, TO THE PRESENT TIME, 1855. (ed. Charles Brooks), Chapter 11: currency. (search)
ially when, as in 1740, there were circulating in Massachusetts public bills of four provinces, at 29s. for an ounce of silver. New tenor of Massachusetts at 6s. 8d., but current at 9s. 8d. oz. of silver. Connecticut new tenor at 8s., and Rhode Island new tenor at 6s. 9d. Our fathers, under these circumstances, must have been good mathematicians to have understood this occult chemistry of trade. July 30, 1781: Medford voted to raise £ 100 in specie, in lieu of the £ 400 raised on the 29th of June last. This would seem to imply that £ 100 specie was worth £ 400 of New-England money. Aug. 20, 1781: Voted to raise £ 450 hard money, instead of the £ 1,300 paper money, voted in May last. It is not necessary to trace further the currency of the Province, or to show the effects of the issue of continental money, or the sword-in-hand money, of 1775, or the influence of the Stamp Act, and the subsequent oppressions of the crown upon the trade, comfort, or hopes of our fathers. The cu<