ERIC KRAUSE
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ERIC KRAUSE REPORTS
MY HISTORICAL REPORTS
PUBLISHED ON THE INTERNET
An Event Chronology Based on Louisbourg Accounts Not Available in the Archives of the Fortress of Louisbourg, By Eric Krause, Krause House Info-Research Solutions, 2004 - Present
1780
For
REASONS on behalf of the Resolves of
Congress of March 18th, 1780.
... In the late province of Massachusetts bay, from the years 1745, to 1750, there was a full experience of the operations of our paper money. The province engaged in expensive expeditions against Louisburgh and Canada, which occasioned a too plentiful emission of paper money; in consequence of which it depreciated to seven and a half for one. In 1750 the British Parliament granted a sum of money to the province to reimburse it, for what it had expended more than its proportion in the general expence of the Empire. This sum was brought over to Boston in silver and gold, and the legislature determined to redeem all their paper with it at the depreciated value. There was a similar alarm at first, and before the matter was understood, but after the people had come to think upon it, all were satisfied to receive silver at 50 shillings an ounce, although the face of the bills promised an ounce of silver for every six shillings and eight pence. ...
[November 1780?]
November
Occurences at Halifax
[November] 2. The Vultur & ye Coal fleet arrived from Louisbourg This night a hard gale at Wind at about ESE --
[Source: Benjamin Marston's Diary: 1776-1787 - Volume 20 - http://www.lib.unb.ca Copyright University of New Brunswick; all rights reserved - Winslow Family Papers, MG H2, vol.20-22 University of New Brunswick Archives, Harriet Irving Library]