Essays of Benjamin Franklin

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Monograph

Identifikator:: 1752429486

URN:: urn:nbn:de:zbw-retromon-127700

Document type:: Monograph

Author:: Franklin, Benjamin http://d-nb.info/gnd/118534912

Title:: Essays of Benjamin Franklin

Place of publication:: New York

Publisher:: G. P. Putnam's Sons

Year of publication:: 1927

Scope:: xi, 273 Seiten

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: IV. The examination of Dr. Benjamin Franklin in the british house of commons

Collection:: Economics Books

Benjamin Franklin [1755 Q. From the thinness of the back settlements would not the Stamp Act be extremely inconvenient to the inhabitants, if executed? A. To be sure it would; as many of the inhabi- tants could not get stamps when they had occasion for them without taking long journeys, and spending perhaps three or four pounds, that the crown might get sixpence. Q. Are not the colonies, from their circumstances, very able to pay the stamp duty? A. In my opinion there is not gold and silver enough in the colonies to pay the stamp duty for one year. Q. Don’t you know that the money arising from the stamps was all to be laid out in America? A. I know it is appropriated by the act to the American service; but it will be spent in the con- quered colonies, where the soldiers are; not in the colonies that pay it. Q. Is there not a balance of trade due from the colonies where the troops are posted, that will bring back the money to the old colonies? I The Stamp Act said: ‘‘that the Americans shall have no com- merce, make no exchange of property with each other, neither pur- chase, nor grant, nor recover debts; they shall neither marry nor make their wills, unless they pay such and such sums’ in specie for the stamps which must give validity to the proceedings. The opera- tion of such a tax, had it obtained the consent of the people, appeared inevitable; and its annual productiveness, on its introduction, was estimated, by its proposer in the House of Commons at the committee for supplies, at one hundred thousand pounds sterling. The colonies being already reduced to the necessity of having paper money, by sending to Britain the specie they collected in foreign trade, in order to make up for the deficiency of their other returns for British manu- factures, there were doubts whether there could remain specie sufficient to answer the tax. 80 2s

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