Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1871-04-22
The Paper Money Question in Fredc'
rick County in 1857.

$ In 1877, just four years after thu
conclusion of the Defnitiye Articles
of Peace between the United States
and Great Britain, owing to the large
amount of continental Money" OF
SOLDIERS Indensc,' which had beer
issued during the Revolutionary War
which deprecated to such an extent
that it became 50 worthless that it re-
Toured almost bushel full to buy a
horse, gold and silver became very
scarce in fact almost totally disap-
pearcd from circulation. The House
of Delegates Of this State as a cure for
the Brightness of the times which
then existed passed a bill for the ennis
sion of a large amount Of Paper Mon
ey. Tt excited the community very
much, as it was calculated to unsettle
all the fixed values of land, houses
and stock and other property in the
State and County. The Senate re-
jected the Bill as fraught with much
mischief. The whole matter produced
tremendous excitement. AS the times
then bear some analogy to the "tight-
ness of the times now in the money
market, we Reproduce the proceed
ings of an old meeting held at Frcdc-
rick Town, in this county, which was
largely attended, in February 1871. |
on tlis subject, and commend it to the
careful consideration of farmers, bank
crS, merchants. me .hanics and other
thoughtful people.
FREDERICK CovSTy, EIj If, 1887.
Alta respectable meeting of the inhahi-
anly of Frederick county, held at Frrdc-
rick Town, this day at the request of their
Delegates, expressed by public advertise
ncnts; the abstract of the bill for an ennis
,ion of Paper Money ON loan, published by
he House of Delegates with their address
hcrcOn: the message Of the Senate accom-
,anying the return of that Bill, and their
Message of the twentieth of January being :
cad, THOMAS SIM LEE, Esq, in the I
hair Fand HENRY WILLIAMS, Secretary.
he following RESOLVES were entered
ntO
This Meeting having taken under con
Iteration the abstract Of the Bill for an I
mission of Paper Money on loan. together ,
With the address of the House of Delegates.
re of opinion. that ali emission of Paper ,
ioncy on the plan proposed, would not be- :.
TENDED with any real advantage to the
coplc of this Country, or the Community Y
| general hut that it might ultimately {.
lungr lis in disgrace and ruin, by adding q
, the evils we already suffer. =
Therefore. Resolved, that it is the opinion =
f this meeting, that the Senate acted wise. r
, in rejecting the hill in question, that the &
'aSuns ASSIGNED ON the subject in their ;,
">sagc 10 the House of Delegates clearly
'incc to MS the rropricly of their conduct -
ID proves tia, in their dclihrration they :"
,ssr>sctl a firm regard for the welfare and :!
.ppncss of the people at large, IS well rs
+ the dignity and honor of tn" state =,
hirh Justly entities them 10 the approba- ~:
NJ AMI thanks OF their constituents. u
Resolved, that this meeting hi~hlv ap- t
owe of the conduct of three of the Dele T.:
ties of this county in opposing the pas
re OF the snid Bll, and that il is hereby -.
to the other Drlrgai" who =,
trd in favor of it, to cooperate with them III
the opposition should Il similar Bill be II
'rod,lcrd at the next Session In
Resolved, that this meeting approve Of II
= conduct of the Senate, in rejecting the ;.
Il for the relief ur debtors; which we con Ia
We would have had q direct tendency to III
>tr0v confidence between individuals. Il
rvcrt the streams of Justice, and give Il -
al stab To our commercial interests. -,
~ ant ~ pl so of bn .