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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)
lia has uttered his financial joy (1750):-- And now, Old Tenor, fare you well; No more such tattered rags we'll tell. Now dollars pass, and are made free; It is a year of jubilee. Let us, therefore, good husbands be; And good old times we soon shall see. Taxes. The first inhabitants of Medford, bringing with them the common usage of England with respect to poll and property taxation, adopted the rules which they had followed in their native country. The records of our Colonial General Courts, under Governor Endicott, before the arrival of Governor Winthrop, are lost, and therefore the rates of taxation from 1628 to 1633 cannot be ascertained; yet they may be presumed from the subsequent rates which were soon after established with respect to church and state expenses. The first rule enacted by the Legislature was in 1646. This was twenty-pence a poll, and one penny on a pound, for the State. Sterling was the currency till 1652, when the pine-tree coin, called New England