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Harper's Encyclopedia of United States History (ed. Benson Lossing) 7 7 Browse Search
George Bancroft, History of the United States from the Discovery of the American Continent, Vol. 10 1 1 Browse Search
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George Bancroft, History of the United States from the Discovery of the American Continent, Vol. 10, Chapter 19: (search)
eficiencies in their quotas, which were prescribed with exactness. But troops need to be subsisted: congress called on the several states to furnish their respective quotas of supplies for the ensuing season; thus shoving off from itself all care for recruiting the army, and all responsibility for its support. To gain money, it directed the states to bring into the continental treasury, by taxes or otherwise, one million two hundred and fifty thousand dollars every month to the month of April, 1781, inclusive, in hard money or with forty dollars in the old bills for one dollar of the tax. The bills that should be thus brought in were to be destroyed; and, for every forty dollars actually cancelled, two dollars of a new issue might be uttered, bearing five per cent interest, receivable by the continental treasury as specie, and redeemable in specie by the several states on or before the last day of December, 1786. As fast as the new bills should be signed and emitted, the states r