From the Pennsylvania Evening Post, Philadelphia, Pa., Saturday, 6 November, 1777.
Philadelphia, October 1, 1777.
Total stop being put to the currency of the continental resolve, and commonwealth money, by the arrival of the British forces in this city, and few of the inhabitants, especially of the poorer sort, having any gold, or silver, they unanimously expressed a desire to receive and pass the old legal paper money. In consequence of which, a number of subscription papers were handed about town and almost universally signed, and the old money is now generally current. The form of the subscription is as follows:
"We the subscribers, being sensible of the many inconveniencies which arise from a difference being made between the value of legal paper money, heretofore current in the city of Philadelphia, and gold and silver, do agree, that such legal paper money aforesaid, as has been emitted by acts of assembly, and has received the royal sanction, shall be received by us in all our dealings, and deemed to be of equal value with gold and silver, at the following customary rates, viz.
English guineas, weighing five penny weight six grains, at thirty-five shillings each.
French guineas, weighing five pennyweight five grains, at thirty-four shillings each.
Moidores, weighing six pennyweight eighteen grains, at forty-five shillings each.
Half Johannes, weighing nine pennyweight, at sixty shillings each.
Half Johannes, weighing nine pennyweight four grains, at sixty-one shillings each.
French milled pistoles, weighing four pennyweight four grains, at twenty-seven shillings each.
Spanish pistoles, weighing four pennyweight six grains, at twenty-eight shillings each.
Spanish silver dollars, weighing seventeen pennyweight six grains, at seven shillings and sixpence each.
And English shillings, heretofore current at one shilling and sixpence, WE now agree to receive at one shilling and eight pence each, being the same proportion in value as English guineas at thirty-five shillings.
And we further engage to each other and to the public, that we will not ask or receive, in our dealings, for any commodity whatever, a greater sum in the said legal paper money than in gold or silver."
Coppers, at fifteen to a shilling, were also intended to have been inserted in the list of money, but were overlooked.
Philadelphia Merchants Agree to
Accept the Old Continental Money.
Accept the Old Continental Money.
Philadelphia, October 1, 1777.
Total stop being put to the currency of the continental resolve, and commonwealth money, by the arrival of the British forces in this city, and few of the inhabitants, especially of the poorer sort, having any gold, or silver, they unanimously expressed a desire to receive and pass the old legal paper money. In consequence of which, a number of subscription papers were handed about town and almost universally signed, and the old money is now generally current. The form of the subscription is as follows:
"We the subscribers, being sensible of the many inconveniencies which arise from a difference being made between the value of legal paper money, heretofore current in the city of Philadelphia, and gold and silver, do agree, that such legal paper money aforesaid, as has been emitted by acts of assembly, and has received the royal sanction, shall be received by us in all our dealings, and deemed to be of equal value with gold and silver, at the following customary rates, viz.
English guineas, weighing five penny weight six grains, at thirty-five shillings each.
French guineas, weighing five pennyweight five grains, at thirty-four shillings each.
Moidores, weighing six pennyweight eighteen grains, at forty-five shillings each.
Half Johannes, weighing nine pennyweight, at sixty shillings each.
Half Johannes, weighing nine pennyweight four grains, at sixty-one shillings each.
French milled pistoles, weighing four pennyweight four grains, at twenty-seven shillings each.
Spanish pistoles, weighing four pennyweight six grains, at twenty-eight shillings each.
Spanish silver dollars, weighing seventeen pennyweight six grains, at seven shillings and sixpence each.
And English shillings, heretofore current at one shilling and sixpence, WE now agree to receive at one shilling and eight pence each, being the same proportion in value as English guineas at thirty-five shillings.
And we further engage to each other and to the public, that we will not ask or receive, in our dealings, for any commodity whatever, a greater sum in the said legal paper money than in gold or silver."
Coppers, at fifteen to a shilling, were also intended to have been inserted in the list of money, but were overlooked.
