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the fate of these projects seems to have been singularly perverse at this session
; for, they were not only negatived, but a law was passed enabling the
citizens to discharge executions in favour of any inhabitants of such states
as had issued paper money or made a tender act, by payment in their own currency,
or a tender of estate according to the regulations which they themselves had
provided. This system of retaliation at once vindicated the rights of the people,
and expressed the disapprobation of the legislature, at establishing engines
of fraud upon publick faith an authority. An attempt also failed to divert the
approbation of the impost and excise duties, from the payment of the interest
of the consolidated notes, for the purpose of discharging the foreign demands,
and those of the civil list. In this situation, the legislature adjourned, on
the 8th of July, to the 31st of January following. |
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