Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1911-06-06

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up around a basket which is held down
by a heavy tile; motto. "Depressa
R%esurgit." though pressed down, 1t
will rise again."
Three Dollars. Ar aerial fight be-
tween a crane and an eagle, in which
the weaker bird has decidedly the bet
ter of it, for the eagles neck is pierced
by the long bill of the crane, The
motto is ''Exitus in Dubio,' "the end is
In doubt"
Seven Dollars: A storm. the rain
coming down in thick treams over hill
and valley. while black clouds roll
above. The motto is "Serenabit,' at
will clear up"
Twenty Dollars: The ocean with
medieval device Of a face blowing on 1t
from out of the cloud. The motto Is
wi Concitatae.' driven by force the
waves representing the people, the
wind England.
This is the rarest note of the series,
only II, 300 bills having been printed,
while 49, 900 of all the other denomina-
tons were issued.
The third series, dated Philadelphia,
February II, 177s. introduces four new
values confined to this issue. 'rhe shape
Is upright. instead Of obiong. and the
denominations Is, 1-3, IL and % of a
dollar. The design is the same on all,
that of a sun dial with the word
"Fugio' in the half-circle. and Mind
your business below. The device is
familiar to coin collectors as that of
the first American cent. while the re-
verse Is equally we'll Unknown from being
found on the Continental pewter dollar.
The eighth series is the first on which
the name is given as the United States,
instead of the old designation Of United
Colonies.
The ninth series, dated at Yorktown,
April IL. IT'S, are the most interesting of
the entire series. from the fact of their
great rarity, and for the substitution
or the $50, $50 and $40 bills (the latter
value being the only one in the entire
series with an English motto) in place
OF the regular 81, 50 and So bills.
BECOME Much Deprecated.
Till the issue exceeded nine millions
the bills passed at their nominal value.
The appreciation afterwards was very,
great.
1t is worthy of remark that the de-
probation of continental money never
stopped the circulation of It. AS long
as II retained any value at all 1t passed
quick enough and would purchase
hard money or anything else as readily
as ever when the exchange was 200
for n and when every hope or even
Idea OF its being ultimately redeemed
at nominal value had entirely vanished.
According to an estimate by the reg
lister of the treasury in 1890 the issues
of tho on1fi,opto1 a1n1. -
1858, Sal, 027.25 from 1775 to 1881, when
he circulation ceased.
The continental money was in its
true character a simple evidence of
debt due by the government. When the
continental money was first issued, an
expression of doubt as to its value, in
volved suspicion Of disaffection to the
cause of the country. As the issues
increased the prices Of goods neces-
sarily rose, but this was attributed to
combination of the merchants to raise
the price of their merchandise and to
sink the value Of continental money.
They were called Tories, spectators
and many other hard names, and their
stores were forcibly broken open and
their goods sold at limited prices by
committees Of the neighbors.
Acts were passed from time to time
to force the people to take the CONT
mental money Many Thousand families
Of full and easy fortune were ruined by
these fatal measures and the loss
mostly fell on the wings, as 1t was
lin their hands when the paper depre-
ciated. trf zs
The Tories, who had no confidence in
it from the beginning. made it a rule
to part with it as DOR as possible.