The Financial History of Virginia 1609 1776

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"' Twenty years later the same defect in the law is mentioned, it being the practice of many, especially the tax collectors, who preferred to take tobacco at a valuation below the market price, **to scruple a light piece of eight, affirming it is clipped, or a Peru piece and not good silver, and no other coin is ascertained except English, of which there is very little. "'' Petitions were also presented praying for a law to ** ascertaine at what valine the said (Dog) Dollers may pass 1 McDonald... MSS. , vi. '^ Blair and Chilton.
125] ^^ VIRGINIA. J 25 currantly from man to man, for ye better advancement of Trade and Commerce. "^ Still another difficulty in the way of regulating the value of current coins by the, piece lay in the Act of the 6th Anne (1708), which had already strictly defined the value of the Spanish money. This law, to be sure, was of no effect; but it acted as a check upon legislation. A bill of the Assem- bly of New York was vetoed for this reason mainly, in 1768, '^ and there is reason to believe that the other colonies were restrained in like manner.


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