40 Assembly Proceedings, Feb. 22-Mar. 26, 1755.

U.H.J.
Liber No. 35
March 24

By the Upper house of Assembly 24 March 1755
Gentlemen
Your reasoning in your Message on the 21.^st Instant in answer
to our Objections against your Bill for Raising a Supply towards
his Majestys Service does not in the least afford us any Conviction
of the Propriety of it, and We are Surprised to hear you Say that
the Bills Signed Numbered and dated and now lying in the Paper
Office are Money under the Paper Currency Act to all Intents and
Purposes, Save that the Commissioners have not Authority to de-
liver them out under that Act, and that the Bill now under Consid-
eration were it passed into a Law would give that Authority when
it is manifest even to the most Superficial Inquirey that without
expressly Establishing them and making them Current by the same
Act that gives the Commissioners such Authority they cannot be
tendered or offered in Payment in discharge of any Current Money
Contract; for who ever read the Paper Currency Act with any Atten-
tion must Clearly See that no more Money is or can be in Circulation
now, under that Act than £60000 and therefore this being a new
Emission of Paper Bills and a Sum over and above the said Sum of
60000 pounds and independent there on, cannot derive any real Value
from that Act so as to make them Current but must Receive it
from the same Act that gives them Authority to Appear. We con-
ceive that the Proposal of an amendment of the Bill in any part of
it after it is Sent down from this house with a Negative and after
so many Messages enforcing it and insisting upon the Propriety of
it would be entirely irregular and not according to the Usage &

P. 30

Custom of Proceedings in Assembly, and therefore we shall decline
making any such proposal. We apprehend that it is to obvious to be
denied that the emission of 20 or 30 thousand pounds of New Money
would greatly depreciate the Value of our present Currency, be a
Breach of the Publick Faith and give a fatal blow to the Value of
it that the Emission of the Sum of £4015 :6:0 proposed by your
Bill to be omitted and also be a Breach of the Publick faith and
would affect the Value of the present Currency in a less degree the
you are pleased to Say you are at a Loss to conceive how it can, and
therefore had we no other Reason against the Passing this Bill we
hope we should be well justified in Refusing it, this is all we think
necessary to offer in answer to that part of your Message, and must
now observe, that as you Say, you will as Strenuously Support the
Lord Proprietors Preogative as you will the Interest & Priviledges
of your Constituents, We expect that if we can shew you that the
Lord Proprietors Ancestors actually Licenced Several Persons in this
Province to keep ordinary in Virtue of their Prerogative and issued
Proclamations prohibiting any Person whatsoever within this Prov-
ince to keep ordinary without such Licence which were obeyed and