[912] Private debts which Virginia planters alone owed British merchants were "20 or 30 times the amount of all money in circulation in that state." (Jefferson to Meusnier, Jan. 24, 1786; Works: Ford, v, 17-18; and see Jefferson to McCaul, April 19, 1786; ib., 88.)
[913] "It cannot perhaps be affirmed that there is gold & silver eno in the Country to pay the next tax." (Madison to Monroe, June 4, 1786; Writings: Hunt, ii, 245.)
[914] Jefferson to Meusnier, Jan. 24, 1786; Works: Ford, v, 27.
[915] Jefferson to Meusnier, Jan. 24, 1786: Works: Ford, v, 27.
[916] Moore's Diary, ii, 425-26. The merchants of Philadelphia shut their shops; and it was agreed that if Congress did not substitute "solid money" for paper, "all further resistance to" Great Britain "must be given up." (Ib.)
[917] Jefferson to McCaul, April 19, 1786; Works: Ford, v, 90; also to Wm. Jones, Jan. 5, 1787; ib., 247.—"Paiment was made me in this money when it was but a shadow."
[918] Livingston to Jay, July 30, 1789; Jay: Johnston, iii, 373-74.
[919] Fithian, 91.
[920] Virginia's paper money experiment was the source of many lawsuits in which Marshall was counsel. See, for example, Pickett vs. Claiborne (Call, iv, 99-106); Taliaferro vs. Minor (Call, i, 456-62).
[921] The House of Delegates toward the end of 1786 voted 84 to 17 against the paper money resolution. (Madison to James Madison, Nov. 1, 1786; Writings: Hunt, ii, 277.)