REPORT ON CONTINENTAL BILLS OF CREDIT 1 - Thomas Jefferson, The Works, vol. 4 (Notes on Virginia II, Correspondence 1782-1786) [1905]
Edition used:
The Works of Thomas Jefferson, Federal Edition (New York and London, G.P. Putnam’s Sons, 1904-5). Vol. 4.
About Liberty Fund:
Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals.
Copyright information:
The text is in the public domain.
Fair use statement:
This material is put online to further the educational goals of Liberty Fund, Inc. Unless otherwise stated in the Copyright Information section above, this material may be used freely for educational and academic purposes. It may not be used in any way for profit.
- Notes On Virginia ( Continued )
- Query Xii a Notice of the Counties, Cities, Townships, and Villages?
- Query Xiii the Constitution of the State and Its Several Charters?
- Query Xiv the Administration of Justice and the Description of the Laws?
- Query Xv the Colleges and Public Establishments, the Roads, Buildings, &c.?
- Query Xvi the Measures Taken With Regard of the Estates and Possessions of the Rebels, Commonly Called Tories?
- Query Xvii the Different Religions Received Into That State?
- Query Xviii the Particular Customs and Manners That May Happen to Be Received In That State?
- Query Xix the Present State of Manufactures, Commerce, Interior and Exterior Trade?
- Query Xx a Notice of the Commercial Productions Particular to the State, and of Those Objects Which the Inhabitants Are Obliged to Get From Europe and From Other Parts of the World?
- Query Xxi the Weights, Measures and the Currency of the Hard Money? Some Details Relating to Exchange With Europe?
- Query Xxii the Public Income and Expences?
- Query Xxiii the Histories of the State, the Memorials Published In Its Name In the Time of Its Being a Colony, and the Pamphlets Relating to Its Interior Or Exterior Affairs Present Or Antient?
- Correspondence and Miscellaneous Writings 1783
- To Francis Eppes 1
- To General Washington
- To James Madison 1
- To James Madison 1
- To the French Minister. (chevalier De La Luzerne.)
- To the Secretary For Foreign Affairs. (robert R. Livingston)
- To the Secretary of Foreign Affairs (robert R. Livingston)
- To James Madison 2
- To Francis Eppes 1
- To the Secretary For Foreign Affairs (robert R. Livingston)
- To John Jay
- To James Madison 1
- To James Madison
- Proposed Constitution For Virginia 1
- To James Madison
- To the Governor of Virginia (benjamin Harrison)
- To James Madison
- To Charles Carter
- To the Governor of Virginia 1 (benjamin Harrison)
- To James Monroe 1
- To Martha Jefferson 1
- To James Madison
- Report of Committee On Unfinished Business 1
- Report On Definitive Treaty 1
- To the Governor of Virginia 1 (benjamin Harrison)
- Resolutions Relating to British Treaty. 1
- Report On Letters From the Ministers In Paris 2
- Report On Ceremonial For Washington 1
- To the Governor of Virginia 1 (benjamin Harrison)
- Report On Ratification of Treaty 1
- To the Governor of Virginia (benjamin Harrison)
- 1784 - to James Madison
- Motion On Ratification of Treaty 1
- Fair Copy
- Rough Draft
- Resolution On Definitive Treaty 1
- Ratification of Definitive Treaty 2
- Draft For Proclamation Announcing Ratification of Definitive Treaty 1
- To Martha Jefferson 1
- To the Governor of Virginia (benjamin Harrison)
- To the Governor of Virginia 1 (benjamin Harrison)
- To the Governor of Virginia 1 (benjamin Harrison)
- To Oliver Pollock
- Draft of a Report On the Memorial of Zebulon Butler and Others 1
- Rough Draft
- Fair Copy
- Report On Letter From John Allan 1
- Draft of Report On a Committee of the States 1
- Report On Committee of the States 1
- To the Superintendent of Finance 1 (robert Morris)
- To James Madison
- Draft of Deed of Cession of Northwest Territory 1
- Report On Government For Western Territory 1
- To the Governor of Virginia (benjamin Harrison)
- Report On Reduction of Civil List 1
- Instructions For Negotiating With Indians. 1
- To George Washington
- To George Washington
- To James Madison 1
- To the Governor of Virginia (benjamin Harrison)
- Resolves On European Treaties 1
- Report of Government For the Western Territory 1
- Report On Cession of Western Territory. 1
- Report of the Arrears of Interest 1
- To George Washington
- To the Governor of Virginia 1 (benjamin Harrison.)
- To George Washington
- Notes On the Establishment of a Money Unit, and of a Coinage For the United States 1
- Motion On Steuben. 1
- Notes On the Permanent Seat of Congress. 1
- Resolutions For the Legislatures of Maryland and Virginia. 1
- Resolve On Continental Congress
- To George Washington
- To James Madison
- Report On Mercer 1
- Draft of “an Ordinance Establishing a Land Office For the United States” 2
- To the Governor of Virginia (benjamin Harrison)
- To Horatio Gates 1
- Report On Continental Bills of Credit 1
- To the Governor of Virginia (benjamin Harrison)
- To the Governor of Virginia (benjamin Harrison)
- Instructions to the Ministers Plenipotentiary Appointed to Negotiate Treaties of Commerce With the European Nations 1
- To James Monroe
- To Charles Thomson 1
- To James Madison
- To Benjamin Franklin 1
- To James Madison
- To the Governor of Virginia 1 (benjamin Harrison)
- To James Madison.
- To James Monroe
- To Charles Thomson 1
- To James Madison
- To James Monroe
- To Horatio Gates 1
- 1785 - to Nathanael Greene 1
- To the Governor of Virginia (patrick Henry)
- To James Monroe
- To James Madison
- To James Monroe
- To James Monroe
- To James Madison
- To the Governor of Virginia (patrick Henry)
- To James Monroe 1
- To Mrs. John (abigail) Adams
- To James Monroe
- To Mrs. Sprowle
- To Mrs. John (abigail) Adams
- To Richard Henry Lee
- To the Virginia Delegates In Congress
- To the Governor of Virginia (patrick Henry)
- To N. and J. Van Staphorst 1
- To John Adams 1
- To Dr. Richard Price
- To John Jay
- To James Monroe 1
- To David Hartley
- To Mary Jefferson 1
- To Mrs John (abigail) Adams
- To Hogendorp (count Gysbert-charles Van)
- To N. and J. Van Staphorst
- To Phillip Mazzei
- Conference With the Count De Vergennes On the Subject of the Commerce of the United States With France. 1 1785.
- Correspondence 1786
- To Dr. James Currie
- To the Governor of Virginia. 1 (patrick Henry.)
REPORT ON CONTINENTAL BILLS OF CREDIT
[May 7, 1784.]
The Grand Committee. To whom was referred a Letter of the Governor of Massachusetts of the 28th. of October 1783 relative to the Continental Bills of Credit of the old Emissions, submit the following.
Resolved.
That all sums of Continental bills of credit paid by or to any State on account of the United States shall be credited or debited in account according to the specie value of such bills at the time of paiment, as settled by the legislature of the same state in their table of depreciation formed for the use of their state: and where none such has been formed, an average shall be taken from those of the states adjoining wherein such tables have been formed, on which paiments an interest shall be allowed at the rate of 6 per centum per annum from the time of paiment.
That all such bills now in the Treasury of any state shall be credited to such state at the value they bore in specie at the time they were received by the state, which value shall be settled by a table of depreciation as directed in the preceding resolution for all the period of time comprehended in such depreciation table and if the sd bills were received after the last day to which such table descends they shall then be credited at the rate at which they were actually purchased or received, or if not purchased or received at any particular rate, then at the market value of such bills within the state at the time, to be estimated on the best evidence which may be obtained, on which sums also a like interest of 6 per cent per annum from the time of receipt shall be allowed, and the affidavit of the Treasurer receiving the sd bills shall be evidence of the time and rate at which they were received.
That all such bills now in the hands of individuals shall be redeemed at the same rates prescribed for those in the Treasury of their state. That the holders of such bills shall be at liberty to carry them to the loan officer of the U. S. within their state who shall give them in exchange for the same a certificate expressing the sum in specie which the U. S. owe in lieu thereof & the time from which it bears interest, which time shall be the 1st. day of April 1781, where the sd bills were received before that day, & when received afterwards the time of their actual receipt. The loan officer shall require from the holder the best evidence of the time of his receiving them which the nature of the case will admit, viz. that of circumstances & disinterested persons where to be had, and where not to be had to his satisfaction, then resorting to the examination of the party himself on oath, & giving thereto so much credit as in his conscience he shall think it deserves: and in all cases of importance & difficulty shall associate to himself two honest & able persons to assist him in the examination & judgment. These certificates shall be funded & paid as the other debts of the U. S., but no certificate shall be issued for a less sum than twenty specie dollars.
That the Superintendent of finance direct the form & mode of issuing the aforesd certificates, & take order for destroying the Continental bills of credit brought in.
Passed in Commee May. 7. 1784.