Excerpt from Currency and Banking in the Province of the Massachusetts-Bay, Vol. 1: Currency

It was not my intention to publish a history Of the currency Of the Province Of the Massachusetts Bay when I originally entered upon the investigations which have furnished the material for this volume. The subject outside the economic field is not in itself attractive. The redundant phraseology of the statutes which stand as sources Of authority for details as to emissions and retirements is not only Obscure and diffi cult Of compreliension, 'but it is actually repellent. The pamphlet literature which bears upon the subject is not only scattered in different libraries but is Of widely variant value as authority, some Of the authors being utterly incompetent for the task which they had set themselves while others show to the reader who may have the} patience to peruse their productions that they were entitled to respectful consideration. TO understand the statutes and to estimate the value of the various pamphlets requires that one should have knowledge which can only be Obtained through study Of the very field which is to be explored. The circum stances under which I have been led on step by step in this work were as follows.

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