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Correspondence of Governor Sharpe. 131
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Relative to yr mention about the Merchts Complt agt the Law
you pass'd last Octr Sessions Vizt " The Suplementary Act to
the Act Intituled an Act for the Relief of Creditors in Eng-
land." The Merchts here say, they must Expect little from
Bankrupts in Maryland, whose Creditors by the Act are to
have prior paymt to such in England the Messrs Hanbury's
have noted it most, no petition agt the Act has as yet been
Offered My Lord. For my part I regard the Act proper &
think yr Arguments in Support of it clear & cogent, they are
a body tenacious agt one another, none as the first care to lead
opposition, afeard to hurt his gain from his Corespondt from
wh the Province may Enjoy at least for time an Advantage
Law.
The Tobacco Law has been with advice well Considered by
My Lord & has by his inclosed Instns his Determination by the
Law nothing is allowed to My Lord but his share of Enacting.
The reasons & objections given by the Proprietor & the
Statute of Queen Ann about Foreign Coins are real Obstacles
ag( the Act & the Officers ffees seems certain wod a been as
well paid as has been Customary to do. I can't help being of
opinion that a valuation given to Coin more than its Value by
the Act, must be greatly prejudicial to private Money Interest
in Maryland; the Lender by fforeign Coin will gain by the
Law much Surplus Value than the Cury of the Coin is in Value
& it will Effect in Diminution the paper Cury of the Province,
wh will be good as Sterling, as I have observed in a former Letr
It is certain in all Countrys Trade & Manufactures only
flourish by Sterg value: If Pensilvania Virginia & the Colonies
who accordg to the Act can lend by sending fforeign Coin into
Maryland, going for more than its Value with them, the return
must be by Ballance against Maryland, all returns in Exchge
being Sterg in Value, therefore the Surplus Value of Coin
must be a loss to Maryland.
The Copies of the Laws Enacted last Feby & May & the
Copies of proceedgs of Assembly of both Houses of July last
are Reced The Laws as yet have not had my Lords full con-
sideration as far as I am ludge of their Tendency I conceive
no objection than that of no Notice is had of the Proprietor,
but that of his share of Authority, you have by his present
Instns concerng ordinary of Hawkers & Pedlars Licences for yr
future Conduct thereon
Inclosed I send you the Heirs of Mr Bennet's Case stated,
with Mr Murray the Attory Gents Opinion in relation to the Act
you pass'd in Octr Sessions. His Lordps Instns allows me
nothing to say, his Reasons being sufficient for his Dissent to
the Act.
You observe, "That it has been found impracticable to dis-
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