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1Author:  Brock: Glen, JamesAdd
 Title:  South Carolina: Governor James Glen to the Board of Trade, July 13, 1751 (excerpt) / by James Glen  
 Published:  2000 
 Subjects:  University of Virginia Library, Text collection | UVA-LIB-Text 
 Description: I shall endeavour to give your Lordships entire satisfaction as to that part of your Letter with regard to the present state of our Paper Currency and Publick Orders. You are pleased to say that the Report which I formerly transmitted differs from an Account which you have had prepared for your use, and you desire that I may explain the reason of their differing. I have compared the two States and I cannot perceive the least difference, except that the Account sent from hence descends lower in point of time, and consequently comprehends more of the Publick Orders that have been cancelled than the account that has been prepared for Your Lordships in London neither does that account seem to take any notice of the Publick Orders issued in consequence of an Act passed on the 20th of August 1731 the Committee I presume thought it necessary to be particular as to the different Periods at which the several Sums of the legal Currency were issued, some part having been cancelled, that have only said in general that the Sum of £106,500 amounting to £15,214: 5: 8 1/2 Sterling in the Year 1731, and being of the same value at present, is still outstanding, and your Lordships take notice that your state of these Bills of Credit agrees exactly with that sent from hence, and that in the year 1739 there remained then outstanding without any funds for calling it is precisely the same Sum of £106,500 Currency. And the reason I presume that took notice of the Publick Orders issued in 1731 and the £63000 orders issued in 1742, in the body of the Account, was because that some small part of them was still uncancelled But your Lordships may perceive by the printed account then sent over, and which I now again transmit, that on the 5th of March 1736 there was issued the sum of £35,010, which agrees with the 1st Article in Your Lordships State of the Publick Orders, that on the 5th of April 1740 there was issued £25,000 which agrees with the second Article and by an Additional Act on the 19th of Sept the same year there was issued £11,508 agreeable to your third Article, the Sum of £63,000 issued in 1742, which makes the 4th Article of Your Lordships State, is contained above in the body of the Account, as some part of it is still uncancelled, and in May 1740 £20,000 was issued, which is the 5th Article taken notice of by Your Lordships. Those several Sums in the Committees State (Exclusive of the Orders of 1731) make together the Sum of £150, 518, and Your Lordships may be assured that as much was then sunk as is set forth in that Report, and that since that Report was made there have also been cancelled above £1000 of the Publick Orders of 1731 and £12,600 of the £63,000 Orders for the Year 1749 and 1750, So that all the Publick Orders that have ever been issued from the beginning of the Government to this time, there remains uncancelled no more than £12,600 Currency, which is not £2000 Sterling, Except about £50 Sterling of the Orders of 1731, and a few of the Orders in 1740, which I presume have been lost or accidently destroyed, for I see none circulating, and for Exchanging of which should they appear, there is equal Sums of legal Currency lock'd up in the Publick Treasury, and except also £12,600 of the £63,000 Orders which will be sunk by the two succeeding Taxes.
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