ad authority to coin money, to issue bills of
credit, and to make its notes legal tender for debts, each one of the
thirteen states had the same authority.
Money affairs got into a wretched condition. Paper money became
almost worthless. The year after Saratoga, a paper dollar was worth
only sixteen cents, and early in 1780 its value had fallen to two
cents.
A trader in Philadelphia papered his shop with dollar bills, to show
what he thought of the flimsy stuff. In the year of Cornwallis's
surrender, a bushel of corn sold for one hundred and fifty dollars;
and Samuel Adams, the Boston patriot, had to pay two thousand dollars
for a hat and a suit of clothes.
A private soldier had to serve four months before his pay would buy a
bushel of wheat. When he could {143} not collect this beggarly sum,
is it any wonder that he deserted or rebelled?
At one time, being unable to get money for the army, Congress asked
the states to contribute supplies of corn, pork, and hay.
To add to the general misery, the states began to quarrel with one
another, like a lot of schoolboys. They almost came to bloodshed over
boundary lines, and levied the most absurd taxes and duties.
If a Connecticut farmer brought a load of firewood into New York, he
had to pay a heavy duty. Sloops that sailed through Hell Gate, and
Jersey market boats that crossed to Manhattan Island, were treated as
if from foreign ports. Entrance fees had to be paid, and clearance
papers must be got at the custom house.
The country was indeed in a bad condition. There were riots,
bankruptcy, endless wranglings, foreclosed mortgages, and
imprisonment for debt.
The gallant Colonel Barton, who captured General Prescott, was kept
locked up because he could not pay a small sum of money. Robert
Morris, once a wealthy merchant, was sent to jail for debt, although
he had given his whole fortune to the patriot cause.
Thoughtful and patriotic men and women throughout the country felt
that something must be done.
Washington and other far-sighted men of Virginia began to work out
the problem. First it was proposed that delegates from two or three
states should meet at {144} Annapolis, to discuss the question of
trade. Finally all the states were invited to send delegates.
At this meeting, only twelve delegates, from five states, were
present. Alexander Hamilton wrote an eloquent address, which it was
voted to send to the state assemblies, strongly recommending tha
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