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OF SUFFIELD. 2d. Voted, to Receive ye Sd Towns proportion of the Sixty Thousand pounds Loan Granted by the Genll Assembly in their Late Sessions.*3d. Voted, that Mr. John Burbank, Mr. John Pengilley Senr, & Mr. Jonathan Sheldon, Be Trustees to Receive of the Province Treasurer the Town of Suffields proportion of the sd Sixty Thousand Pounds Loan, and to Let it out upon Intrest according to the Towns Directions. 4th. Voted, that the Trustees be hereby Directed to Lett out ye Towns Proportion of the Sixty Thousand pounds Loan Lately Granted, in manner as folleweth, viz.: upon Bond Security with good surety and in sums not exceeding Thirty pounds, and not Less than five pounds: and all Bonds to become payable by ye first of May next. And sd Trustees are further Directed to put in suit all ye Bonds of such persons that neglect to pay the Intrest and principle seasonably to make payment into ye Treasury. 5th. Voted, to give ye Trustees Ten Shillings pr year for their service in Receiving and Letting out ye money above said, besides ye Charge of sending to Boston for ye money. Joseph King-- Moderatour. Att a Legal meeting of the freeholders and other Inhabitants of ye Town of Suffield, Quallified as the Law Directs to vote in Town Meeting, May ye 6th, 1728. 1st. Joseph King was Chosen Moderatour to manage sd meeting. 2d, Abraham Granger, Abraham Burbank, and Samuel Hathaway, were chosen surveyors of High ways. 3d. Voted, to Allow to John Trumble Late Constable, out of the Treasury the Rates of Daniel Warner Deceased that were not paid, and John Bartlet senr, his Rates, sd Trumble giving security to ye Select men to collect the same if he have an opportunity, and pay them in to the Town Treasury. 4th. Voted, to exchange the High way leading to the Ferry from Deacon Mixers old House, and to Run ye way through the Lot of sd Mixer, and John Trumbles Lot, and they to have ye old Highway for a Recompence, provided, sd Trumble & his Heirs or Assigns make and maintain forever a good feasable way over a Valley in Deacon Mixers Lot, and the sd way to be four Rods wide; and sd Exchange to be Regulated by Clerk John Burbank, and John Pengilley. 5th. Voted, that John Burbank, John Pengilly Junr, and Ensign Samuel Dwight . . . . . . . . . . . . . and others to view and consider. 6th. Voted, That upon Condition that Clerk John Burbank Do forthwith ___________ *Suffield's share was £405. The bills were of various denominations from 2s to £5. Four per cent. of the interest money went to the Province treasury, and two percent. to the town. A fund for the redemption of the loan within ten years, was created by taxing the towns. By too great emissions of this paper currency, from 1690 to 1737, it lost its credit and became so much depreciated that 45 shillings of it (instead of six) were required to make a dollar. This was "old tenor" currency. Issues of paper money from 1737 to 1749, were better secured, and 11s. 3d of it were reckoned a dollar, a shrinkage of only about one half. This was styled " new tenor " currency. These values were fixed by the Massachusetts General Court in 1749. The terms " old " and " new tenor " often appear in our records.
This page update Wednesday, September 19, 2001
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