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