Currency and Banking in the Province of the Massachusetts Bay
Andrew McFarland Davis

Davis's two volume treatise on the currency history of colonial Massachusetts was the best piece of historical research done on colonial currency during his generation. Originally published in 1900, it was republished by Augustus Kelley in 1970. Volume one of the set covers currency, while volume two covers banking. Converting the work to electronic text is a major job, which is far from finished. The chapters that are finished are accessible below.

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Volume 1 -- Currency

Chapter I. The Colony Bills. The Province Bills
Chapter II. The Massachusetts Coinage, Proclamation Money and Lawful Money
Chapter III. The Currency Conflict under Dudley and Shute
Chapter IV. The Contest under Dummer and Burnet
Chapter V. The Currency, 1702-1750. Depreciation and Remedial Legislation
Chapter VI. Enforcement of the Royal Instructions during Belcher's Administration
Chapter VII. The Struggles during Belcher's Time to Check the Depreciation
Chapter VIII. The Inflation under Shirley
Chapter IX. Attempts at Adjustment of Debts
Chapter X. The Lords of the Treasury favor Reimbursement for the Louisburg Expedition and Parliament passes the Grant
Chapter XI. The Delivery of the Money is Delayed and Obstructed
Chapter XII. The Money Paid and Specie Payments Resumed
Chapter XIII. Parliament and Bills of Public Credit in the Colonies
Chapter XIV. The Engraved Plates and their Various Alterations. The Colony Bills and the Old Tenor
Chapter XV. The Engraved Plates and their Various Alternations. The First, Second and Third New Tenor, and the 1750 Bills
Chapter XVI. Where Specimens of the Massachusetts Bills are Preserved
Chapter XVII. The Emissions of the Neighboring Governments. -- New Hampshire
Chapter XVIII. The Emissions of the Neighboring Governments -- Rhode Island
Chapter XIX. The Emissions of the Neighboring Governments -- Connecticut
Chapter XX. The Lesson in Economics
Chapter XXI. The Currency and the Politics of the Province
Chapter XXII. Sources of Authority used herein and a few words as to the Study of the Currency in other Colonies.

Volume II -- Banking

Chapter I. What the English knew abut Banking, 1600-1650
Chapter II. English Views about Banking, 1650-1675
Chapter III. The incorporation of the Bank of England settles the question
Chapter IV. The influence of English publications in America
Chapter V.  The Bank of 1686; The Bank of 1714; and the Currency discussion
Chapter VI. The Connecticut Land Bank; The Boston Merchants' Notes of 1733; The New Hampshire Merchants' Notes
Chapter VII. The Land Bank of 1740 and The Silver Bank
Chapter VIII. The Discussion, 1730-1740
Chapter IX. The Closure of the Land Bank; The First Commission
Chapter X. The Closure of the Land Bank; The Second Commission; The Lottery; The Third Commission; The End
Chapter XI.  The General Court and Land Bank Litigants
Chapter XII. The Political Effects of the Closure of the Land Bank.

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Last Updated February 23, 2004 by webmaster

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