[38]. Libby has shown the degree of correspondence between the rural vote on paper money measures, designed for the relief of debtors, and the vote against the ratification of the Constitution. Op. cit., pp. 50 ff.
[39]. See below, p. 205.
[40]. The landholders were able to do this largely because New York City was the entry port for Connecticut and New Jersey. The opportunity to shift the taxes not only to the consumers, but to the consumers of neighboring states, was too tempting to be resisted.
[41]. For a paragraph on nascent capitalism in South Carolina, see W. A. Schaper, “Sectionalism in South Carolina,” American Historical Association Report (1900), Vol. I. See the letter of Blount, Davie, and Williamson to the governor of North Carolina, below, p. 169.
[42]. It is not without interest to note that about the time Calhoun made this criticism of New England capitalist devices he was attempting to borrow several thousand dollars from a Massachusetts mill owner to engage in railway enterprise in the south.
[43]. See, however, State Papers: Finance, Vol. I, pp. 414 ff.
[44]. Ibid., Vol. I, pp. 442 ff.
[45]. See the picturesque description of the monetary system or lack of system in Fiske, Critical Period of American History.
[46]. See below, p. 146.
[47]. State Papers: Finance, Vol. I, p. 451; also see below, pp. 261–2.