Our debates possess'd me so fully of the subject, that I wrote
and printed an anonymous pamphlet on it, entitled "The Nature and
Necessity of a Paper Currency." It was well receiv'd by the common
people in general; but the rich men dislik'd it, for it increas'd
and strengthen'd the clamor for more money, and they happening to have
no writers among them that were able to answer it, their opposition
slacken'd, and the point was carried by a majority in the House.
My friends there, who conceiv'd I had been of some service,
thought fit to reward me by employing me in printing the money;
a very profitable jobb and a great help to me. This was another
advantage gain'd by my being able to write.
The utility of this currency became by time and experience so evident as
never afterwards to be much disputed; so that it grew soon to fifty-five
thousand pounds, and in 1739 to eighty thousand pounds, since which it
arose during war to upwards of three hundred and fifty thousand pounds,
trade, building, and inhabitants all the while increasing, till
I now think there are limits beyond which the quantity may be hurtful.
I soon after obtain'd, thro' my friend Hamilton, the printing of the
Newcastle paper money, another profitable jobb as I then thought it;
small things appearing great to those in small circumstances;
and these, to me, were really great advantages, as they were
great encouragements. He procured for me, also, the printing
of the laws and votes of that government, which continu'd
in my hands as long as I follow'd the business.
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