Ensign John Bradshoe100019101310
Mr. Ebenezer Brooks1001511174
Stephen Willis, sen.010011001011
Captain Peter Tufts010021600191
John Hall, jun.0100000000
To judge accurately of taxes paid by our ancestors after 1710, it is needful to know the rate of depreciation in the Province bills, which were taken in payment for taxes.
In 1710, one ounce of silver was equal to 8s. of these bills; in 1722, 14s.; in 1732, 19s.; in 1742, 28s.; and in 1752, 60s.
In July 20, 1720, the General Court ordered, that taxes might be paid in live-stock and merchandise, instead of money; and, from 1720 to 1750, live-stock in Medford was valued, on an average, as follows: Oxen, four years old, £ 2 each; horses, three years old, £ 2; bulls and cows, three years old, £ 1 10s.; swine, above one year old, 8s. each; sheep and goats, 3s. each.
In those towns which had vessels, a decked vessel was valued, f
tale but what is of due weight.
Almost every family had a pair of scales to weigh the gold and silver they took.
The two crusades against Canada, about this time, forced the colonies to issue bills of credit, to pay the soldiers.
These lost credit, and somewhat depreciated; and here was another embarrassment suffered by our fathers.
December, 1724, Judge Sewall says, The diminution of the value of the bills of public credit is the cause of much oppression in the Province.
Colden says (1728), Our paper-currency has gradually lost its credit, so as at present sixteen shillings is but sufficient to purchase an ounce of silver.
Governor Belcher says (1733), Sixteen shillings in these bills will not purchase five shillings lawful money.
Lawful money, as distinguished from old tenor, is first mentioned in the Medford records, May 17, 1750.
The town voted, May 21, 1751, to give Mr. Turell, as salary for that year, £ 73. 6s. 8d. (lawful money), which was equal to £ 550 (old tenor)