Pennsylvania — Quakers

We may set against what I have said of such coins,
namely, that they cannot be used except for a short
time’, the examples of the English colonies in America. For many years, only paper money**”® circulated there,
the esteem for it never faltering. But such an event is very strange indeed, and it must first be shown to be true. Its cause must also be-explained.

Hmmm

These colonies are so large, so rich and populated, that they do not even use me­ tallic money; instead, they use paper money, similar in appearance to ordinary money. These are made of two small rotmded pieces of paper attached together and signed with England*s coat of arms. All money, from
‘the lowest to that of the greatest value, is made in this fashion. Trade is carried on with them without any need for silver or gold. In accordance with how they are xised up or damaged, there is a place where
new ones are stamped. For all practical purposes this is their mint. Then, in each city, or land, there are locations where they are distributed, new ones be­ ing exchanged for old which are left there and burned. The ministers’ faith and lo­ yalty in this matter is marvelous; they commit no frauds by multiplying their pro­ fits on such money. But one thing, which seems strange and incredible, will cease to be so when it is remembered that the
Pennsylvania colonies are for the most part populated by Quakers, so much so that the colony, which is still flourishing, con­ tinues to be governed by their laws. Qua­ kers are a class of sectarians who, in the midst of many ridiculous and strange rites, are likeable for the exactness with which they observe natural laws, to which they are a3jDOSt superstitiously committed. Nor
were all the torments imagined in England sufficient to make them swear an oath in any instance in which the laws of that go­
vernment required taking an oath. The Qua­ kers have resisted so fiercely that Parlia-