[1009] Futhey and Cope, 308.
[1010] From an old account book in possession of Albert Cook Myers, Moylan, Pa.
[1011] Dewey, D. R., Financial History of the U. S., 39.
The reader is reminded of the fact that because of greatly depreciated currency the amounts paid, as shown in the above table, did not represent so much absolute increase. That some exact idea of the extent of depreciation of the continental currency may be gained, there is given the following table for the year 1779, when the depreciation became most marked.
| Jan. 14, 1779 | 8 to 1 |
| Feb. 3 | 10 to 1 |
| Apr. 2 | 17 to 1 |
| May 5 | 24 to 1 |
| June 4 | 20 to 1 |
| Sept. 17 | 24 to 1 |
| Oct. 14 | 30 to 1 |
| Nov. 17 | 38½ to 1 |
The fact of such depreciation was not officially recognized by Congress until March 18, 1780, it being then provided that paper be accepted for silver at a ratio of 40 to 1.
[1013] Min. London Grove Mtg., 3-4-1795, 62.
[1014] Ibid., 1-31-1699, 244.
[1015] Ibid., 1-27-1702, 326.