land banks

THE PETITION OF LONDON MERCHANTS TO PARLIAMENT,11 FEBRUARY 1741 A petition of the several merchants of London, and others, whose names are thereunto subscribed, in behalf of themselves, and great numbers of merchants, traders, and other inhabitants, in the province of the Massachusets Bay, in America, was presented to the House, and read; setting forth, that while his Majesty and this House have exerted their authority and utmost care, not only to prevent the increase of paper money in America, but even to sink and discharge what has already issued under the publick authority, by virtue of acts of assembly […]

A LETTER TO THE MERCHANT IN LONDON TO WHOM IS DIRECTED A PRINTED LETTER RELATING TO THE MANUFACTORY UNDERTAKING,27 FEBRUARY 1740 I take the Freedom to send you and them the following Remarks on that Author’s Performance, whereby it will appear . . . how industrious some among us . . . is to represent the said Manufactory Scheme, in odious Colours, and thereby excite to Resentment against it, which they could never do, if they treated it with Truth, and related the Facts as they really are…. Next he comes to the Manufactory Scheme, the main Subject of his […]

[DR. WILLIAM DOUGLASS] A LETTER TO MERCHANT IN LONDON CONCERNING A LATE COMBINATION IN THE PROVINCE OF MASSACHUSETTS BAY . . . TO IMPOSE OR FORCE A PRIVATE-CURRENCY CALLED LAND-BANK MONEY, 21 FEBRUARY ,1740 I have the favour of yours of 1st December per the Bladen, with Copies of the Reports of the Board of Trade and Plantations, and of the Committee of Council for Plantation Affairs; concerning our Land-Bank so called: I observe that having examined into the Nature of the Scheme, and of the refusal of the House of Representatives to pay any regard to the Governour’s Message […]

PROSPECTUS OF THE LAND BANKOR MANUFACTORY COMPANY.__________________________ THE LAND BANK OR MANUFACTORY SCHEME. Province of the Massachusetts Bay in New England. In order to Redress the distressing Circumstances which the Trade of this Province labours under for want of a Medium, other Methods having failed, it is proposed to set up a Bank on Land Security, no Person to be admitted but such as dwell in this Province, and hath a Real Estate therein. I. THE Stock to be One Hundred and fifty Thousand Pounds Lawful Money; no man to subscribe for more than Two Thousand Pounds, and none less […]