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George Bancroft, History of the United States from the Discovery of the American Continent, Vol. 3, 15th edition., Chapter XXIII (search)
been held for the whole province at Charleston 1719. alone; the provincial legislature permitted thred its prosecution; and, as the known hostil- 1719 Nov. 28. ity of Spain threatened an invasion, timing the new chief magistrate. To Parris, the 1719 commanding officer, Johnson issued particular o Pennsylvania, the subject never slumbered. In 1719, it was earnestly pressed upon the attention ofnvolved the two countries in a war, De Serigny 1719. arrived in February of 1719, with orders to ta1719, with orders to take possession of Pensacola. This is the bay called, in the days of De Soto, Anchusi, afterwards Saif financial changes in France. In January of 1719, the bank of Law became, by a 1719 Jan. 1. neg1719 Jan. 1. negotiation with the regent, the Bank of France; and a government which had almost absolute power of leorks were jealous of American industry; and, in 1719, the 1719. house of commons declared, that the1719. house of commons declared, that the erecting of manufactories in the colonies tended to lessen their dependence on Great Britain. Unde[3 more...]
George Bancroft, History of the United States from the Discovery of the American Continent, Vol. 3, 15th edition., Chapter 24: (search)
edom, and contained for the colonies an augury of independence. A part of the creditors of England had been incorpo- Chap XXIV} rated into a company, with the exclusive trade to the South Seas. But as Spain, having acquired the American coast in those seas, possessed a monopoly of its commerce, the grant was nugatory and worthless, unless the monopoly of Spain could be successfully invaded; and, for this end, the benefit of the assiento treaty was assigned to the South Sea company. In 1719, the capital of the company was increased by new subscriptions of national debts; and, in the next year, it was proposed to incorporate into its stock all the national debt of England. The system resembled that of Law; but the latter was connected with a bank of issue, and became a war against specie. In England, there was no attempt, directly or indirectly, to exile specie, no increase of the circulating medium, but only an increase of stocks. The parties implicated suffered from fraud an