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University of Virginia Library

Currency and Banking in the Province of the Massachusetts-Bay

TABLE OF CONTENTS

LIST OF ILLUSTRATIONS.

I.

CHAPTER I. THE COLONY BILLS. THE PROVINCE BILLS.

II.

CHAPTER II. THE MASSACHUSETTS COINAGE, PROCLAMATION MONEY AND LAWFUL MONEY

III.

CHAPTER III. THE CURRENCY CONFLICT UNDER DUDLEY AND SHUTE.

IV.

CHAPTER IV. THE CONTEST UNDER DUMMER AND BURNET.

V.

CHAPTER V. THE CURRENCY, 1702-1730: DEPRECIATION AND REMEDIAL LEGISLATION.

VI.

CHAPTER VI. ENFORCEMENT OF THE ROYAL INSTRUCTIONS DURING BELCHER'S ADMINISTRATION.

VII.

CHAPTER VII. THE STRUGGLES DURING BELCHER'S TIME TO CHECK THE DEPRECIATION.

VIII.

CHAPTER VIII. THE INFLATION UNDER SHIRLEY.

IX.

CHAPTER IX. ATTEMPTS AT ADJUSTMENT OF DEBTS.

X.

CHAPTER X. THE LORDS OF THE TREASURY FAVOR REIMBURSEMENT FOR THE LOUISBURG EXPEDITION AND PARLIAMENT PASSES THE GRANT.

XI.

CHAPTER XI. THE DELIVERY OF THE MONEY IS DELAYED AND OBSTRUCTED.

XII.

CHAPTER XII. THE MONEY PAID AND SPECIE PAYMENTS RESUMED.

XIII.

CHAPTER XIII. PARLIAMENT AND BILLS OF PUBLIC CREDIT IN THE COLONIES.

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CURRENCY AND BANKING
IN THE PROVINCE OF THE
MASSACHUSETTS-BAY

BY

ANDREW McFARLAND DAVIS

CAMBRIDGE, MASS.

PART I—CURRENCY

PUBLISHED FOR THE
AMERICAN ECONOMIC ASSOCIATION
BY THE MACMILLAN COMPANY

NEW YORK

1901

Copyright 1901 by
AMERICAN ECONOMIC ASSOCIATION
PRESS OF
ANDROS & CHURCH,

ITHICA, N.Y.