Note 406 — Chapter II · (continued 2)

In a tract, Money the Sinews of Trade, Boston, 1731 (Brinley, i. no. 1,447), there is a wail over the disastrous effect of Rhode Island bills in Massachusetts. Rhode Island, in 1733, issued a large amount of paper money for circulation, chiefly in Massachusetts; and the elder colony suffered from the infliction in spite of all she could do. There is in the Connecticut Col. Records, 1726-35, p. 421, a fac-simile of a three-shilling bill of the “New London Society united for trade and commerce in New England.”