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Experiment in Independence: New Jersey in the Critical Period, 1781-1789

By: Richard P. McCormick | Book details

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Page 307
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APPENDIX I
RECORD OF TAX RECEIPTS, 1784-17901

(shillings and pence omitted)

YearNew Emission
and Certificates
New EmissionSpecieRevenue MoneyLawful MoneyContinental
1784£ 13,651£2,662£43,889£15,132----$35,680
17851,4141,53717,33314,104----45,535
17869,19976715,48227,291£8,3392,546
17878263212,65030,7689,903413
17881,413184,45334,41417,098----
17894654963,48732,53017,138----
179040661365227,16836,052----
1 Compiled from the annual reports of the State Treasurer as printed in the Votes and Proceedings, usually in
November of each year. The new emission and certificates were worth about one-third their face value. Lawful money
included (in addition to specie) revenue money and loan-office money, which passed at a discount of not more than
twenty-five per cent. Continental money after 1784 was worth perhaps one-half of one per cent of its face value.

-307-

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