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The excerpt represents the core issue or deciding factor on which you must meditate, and is drawn from The Autobiography of Benjamin Franklin by Benjamin Franklin: what each had offered and I wanted of one, and half of the other;
paid off the company's debts, and went on with the business
in my own name, advertising that the partnership was dissolved.
I think this was in or about the year 1729.
About this time there was a cry among the people for more paper money,
only fifteen thousand pounds being extant in the province, and that soon
to be sunk. The wealthy inhabitants oppos'd any addition, being against
all paper currency, from an apprehension that it would depreciate,
as it had done in New England, to the prejudice of all creditors.
We had discuss'd this point in our Junto, where I was on the side
of an addition, being persuaded that the first small sum struck in 1723
The Autobiography of Benjamin Franklin |
