22 Journal and Correspondence.

December 13
Liber No. 78
p. 310

inform you that there remains in Circulation of the State Emission
of June 1780, £48,000 which passes at three and four for one, but
probably will rise in Value, as Property pledged for its Redemption
as Specie, will shortly be sold. Indeed it can hardly be said to be in
Circulation at this Time, as none of it comes in by Taxes, though
two Dollars may be paid in Lieu of one of Specie, those who possess
it preferring to keep it to greater Advantage. Of the Continental
State Emission, pursuant to the Act of Congress of March the 18^th
1780, there is in Circulation £73,082. which passes currently at four
and five for one. This too, will probably very shortly rise in Value,
as the Legislature, now sitting, have it in Contemplation to order
Lands to be sold for its Redemption, as Specie, independent of the
Funds upon which it was issued; this Money is taken in Taxes at
three for one, though very little of it is brought into the Treasury by
this Means. The Emission under the Act of the 10^th May last, has
been issued from the Treasury as Specie; it may be paid in Taxes,
or loaned to the State as Specie, though it passes for no more than
two for one in all private Dealings. There is yet to be issued of this
Money £119,220.. 7.. 2; there has been issued £80,779.. 12...10 —
£16,263...12..0 of which has been brought into the Treasury by Taxes
and otherwise; any so brought in, cannot be reissued. Your Letter
relative to the 5 p Cent. Duty on Imports, is now before the Legis-
lature, to whose Consideration, all your Letters have been submitted.
Convinced with you Sir, that " the Superiority of national Re-
sources, is the sure Ground on which to hope for Success; and that
superior Resources, steadily and perseveringly applied, must eventu-
ally attain its Object "; we most earnestly hope that those who are
called to the high Offices of Legislation in our State, will have Wis-
dom to adopt such Modes of Revenue and Expenditure, as will reduce
our Affairs to Order and restore public Credit; and having the most
perfect Reliance on your Zeal, Integrity and Abilities, it is among our
first wishes, that their Measures for those valuable Purposes, may be
entirely correspondent with your own.

December 14
Liber C. B.
No. 24
p. 192

Friday 14^th December 1781.

Ordered that the Commissary of Stores deliver to William Fair-
bairn, Thomas Allison, and Zedekiah Risdon soldiers in the Mary-
land Line, each, one pair Breeches, one pair Stockings and one pair
Shoes; also to John Green, Jeremiah Mudd, Charles Robertson,
Simon Perry, and John Shanks soldiers as aforesaid, each, a suit of
Cloaths, two shirts, one pair Stockings and one pair Shoes, on
Account
That the western shore Treasurer pay to John Woolfe, three hun-
dred pounds, of the Bills emitted under the Act for the Emission of
Bills of Credit &^ca of the money appropriated for the present Cam-
paign to be delivered over to Patrick Sim Smith Commissary of
Calvert County on Account