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Sorry you guys appear convinced that this treasure story is untrue. Maybe not enough research on your part. I believe it is real and so do many others. Here is a taste for you........ Check out this website: http://www.marxists.org/archive/beard/history-us/ch06.htm
Here is an excerpt from History of the United States. Charles Beard, Mary Beard, 1921
CHAPTER VI
THE AMERICAN REVOLUTION
"The Finances of the Revolution"
When the Revolution opened, there were thirteen little treasuries in America but no common treasury, and from first to last the Congress was in the position of a beggar rather than a sovereign. Having no authority to lay and collect taxes directly and knowing the hatred of the provincials for taxation, it resorted mainly to loans and paper money to finance the war. “Do you think,” boldly inquired one of the delegates, “that I will consent to load my constituents with taxes when we can send to the printer and get a wagon load of money, one quire of which will pay for the whole?"
Paper Money and Loans. – Acting on this curious but appealing political economy, Congress issued in June, 1776, two million dollars in bills of credit to be redeemed by the states on the basis of their respective populations. Other issues followed in quick succession. In all about $241,000,000 of continental paper was printed, to which the several states added nearly $210,000,000 of their own notes. Then came interest-bearing bonds in ever increasing quantities. Several millions were also borrowed from France and small sums from Holland and Spain. In desperation a national lottery was held, producing meager results. The property of Tories was confiscated and sold, bringing in about $16,000,000. Begging letters were sent to the states asking them to raise revenues for the continental treasury, but the states, burdened with their own affairs, gave little heed.
Not enough boys......How about this piece taken from a book called Newgate in Connecticut 1st edition written around 1830 by Richard Phelps.of East Granby CT...............
"Lemuel Bates was a captain during the Revolution, and participated in several battles. For many years Captain Bates kept a tavern in the north part of East Granby, in the house where his grandson, "Win. H. Bates, now lives. The merry old gentleman was fond of fighting his battles over again by relating his reminiscences of those interesting times. After the surrender of Burgoyne, with his once splendid army of 10,000 men, at Saratoga, several detachments of the British prisoners of war were marched through East Granby, and a portion of them bivouacked on the premises of Captain Bates. " The British had plenty of money," said Captain Bates, " to pay for the best we had; and my folks were kept busy in distributing pitchers and pails of cider among them. At night all the floors in my tavern were spread over with them."
Another portion of the British captives encamped on the premises of Captain Roswell Phelps,* near the centre of East Granby. These prisoners of war were an interesting sight, and excited an inspiring curiosity in all this region.
At one time several teams laden with specie, en route from Boston to Philadelphia, halted for the night at Captain Bates's. The specie had been borrowed from France; which nation was then fraternally aiding us in our struggle. It was enclosed in strong plank boxes, drawn by thirteen teams, well guarded; and amounted to several millions of dollars"
Hope you get the drift of "Specie" and if still not convinced leave it for the rest of us to find.
Terrible Tommy
Here is an excerpt from History of the United States. Charles Beard, Mary Beard, 1921
CHAPTER VI
THE AMERICAN REVOLUTION
"The Finances of the Revolution"
When the Revolution opened, there were thirteen little treasuries in America but no common treasury, and from first to last the Congress was in the position of a beggar rather than a sovereign. Having no authority to lay and collect taxes directly and knowing the hatred of the provincials for taxation, it resorted mainly to loans and paper money to finance the war. “Do you think,” boldly inquired one of the delegates, “that I will consent to load my constituents with taxes when we can send to the printer and get a wagon load of money, one quire of which will pay for the whole?"
Paper Money and Loans. – Acting on this curious but appealing political economy, Congress issued in June, 1776, two million dollars in bills of credit to be redeemed by the states on the basis of their respective populations. Other issues followed in quick succession. In all about $241,000,000 of continental paper was printed, to which the several states added nearly $210,000,000 of their own notes. Then came interest-bearing bonds in ever increasing quantities. Several millions were also borrowed from France and small sums from Holland and Spain. In desperation a national lottery was held, producing meager results. The property of Tories was confiscated and sold, bringing in about $16,000,000. Begging letters were sent to the states asking them to raise revenues for the continental treasury, but the states, burdened with their own affairs, gave little heed.
Not enough boys......How about this piece taken from a book called Newgate in Connecticut 1st edition written around 1830 by Richard Phelps.of East Granby CT...............
"Lemuel Bates was a captain during the Revolution, and participated in several battles. For many years Captain Bates kept a tavern in the north part of East Granby, in the house where his grandson, "Win. H. Bates, now lives. The merry old gentleman was fond of fighting his battles over again by relating his reminiscences of those interesting times. After the surrender of Burgoyne, with his once splendid army of 10,000 men, at Saratoga, several detachments of the British prisoners of war were marched through East Granby, and a portion of them bivouacked on the premises of Captain Bates. " The British had plenty of money," said Captain Bates, " to pay for the best we had; and my folks were kept busy in distributing pitchers and pails of cider among them. At night all the floors in my tavern were spread over with them."
Another portion of the British captives encamped on the premises of Captain Roswell Phelps,* near the centre of East Granby. These prisoners of war were an interesting sight, and excited an inspiring curiosity in all this region.
At one time several teams laden with specie, en route from Boston to Philadelphia, halted for the night at Captain Bates's. The specie had been borrowed from France; which nation was then fraternally aiding us in our struggle. It was enclosed in strong plank boxes, drawn by thirteen teams, well guarded; and amounted to several millions of dollars"
Hope you get the drift of "Specie" and if still not convinced leave it for the rest of us to find.
Terrible Tommy
