Minutes ok Court of Yoho(;ania County. 211 



was no longer considered as doubtful, and sanguine expectations were 

 formed of its speedy termination. The jjaper accordingly rose in 

 value; and in June, 177S, although the issues had been increased to 

 more than forty-five millions, the depreciation was at the rate of only 

 four to one. From the end of A]nil of that year to the month of Feb- 

 ruary, 1779, although the issues had been increased from thirty-five to 

 one hundred and fifteen millions, the average value in silver of the 

 whole amount of i)aper in circulation exceeded ten millions, and it 

 was at one time nearly thirteen millions, or considerably more than 

 that which could be sustained at the outset of the hostilities. But 

 when it was discovered that the war would be of longer continuance, 

 confidence in the redemption of a paper money, daily increasing in 

 amount, was again suddenly lessened. The depreciation increased 

 from the rate of 6 to that of 30 to i in nine months. The average 

 value in silver of the whole amount of paper in circulation from April 

 to September, 1779, was about six millions, and it sunk below five 

 during the end of the year. The total amount of the paper was at 

 that time two hundred millions; and although no further issues took 

 place, and a portion was absorbed by the loan offices and by taxes, the 

 depreciation still increased, and was at the end of the year 17S0 at the 

 rate of 80 dollars in paper to i in silver. The value in silver of the 

 paper currency was then less than two millions and a half of dollars ; 

 and when Congress, in March following, acknowledged the deprecia- 

 tion, and offered to exchange the old for new paper at the rate of 40 

 for I, the old sunk in one day to nothing, and the new shared the 

 same fate." 



These observations will explain many entries in the records now fol- 

 lowing that would otherwise be somewhat unintelligible : 



Volume II. of the Records. 

 (i) At a Court Continued and held for Yohogania County, April 



27th, 1778. 



Present : William Crawford, John Stephenson, Joshua Wright 

 & Isaac Cox, Gentlemen Justices present. 



View of the road from the Court House to Pentecost's Mills 

 on Churteers Creek returned by the Viewers and Ordered to 

 be confirmed, Running from said Court House to Spencer's 

 point, Thence near Richardson's School House, Thence through 

 Gabriel Coxes Lane, Thence crossing Peters Creek near to 



