The Pennsylvania Assembly charged a small interest on the paper currency it issued, and that financed the government. rki a eiga allt fjrmagnsbkhaldi, og a fjrmagna Rkiskassann, me sm vxtum fjrmagni fr bnkunum?

Setjum af sta umrur frustu, lrustu karla og kvenna, um fjrmagns bkhaldi, fyrirfram prentuu bkhaldsnturnar, sem vi kllum peninga.

Allir lesi sr til um mlefni, og ltum ekki spila okkur meira.

Fjlmila eignin verur a vera undir stjrn flksins, og jafnframt tryggt a ll sjnarmi fi umfjllun.

N er eignarhald flestum fjlmilum hndum bakstjrnarinnar, og einnig allt menntakerfi, og kennslu efni.

sl

It was difficult, and even impossible, to find a happier and more prosperous nation on all the surface of the globe. Comfort was prevailing in every home. The people, in general, kept the highest moral standards, and education was widely spread

Thus, taking away from the colonists the right to issue their own money was indeed a grievance, but it was one of many and does not appear in the Declaration of Independence.

I made this point to Professor LeMay, who replied:

Dear Anthony,

Franklin objected to the English acts denying some colonies the right to make money because the Penns used that dodge to turn down the Pennsylvania Assembly bills.

The Pennsylvania Assembly charged a small interest on the paper currency it issued, and that financed the government.

Penn (ie, Thomas Penn) scorned the assembly and wanted it at his mercy, so he generally had his governors turn down paper money bills. They said that Parliament would not want them to pass such bills. (They used that dodge rather than say Thomas Penn had forbidden them to do so, and taken out a bond for five thousand pounds that they would do

000

Egilsstair, 30.09.2018 Jnas Gunnlaugsson


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