The truth is, that the balance of their trade with Britain being greatly against them, the gold and silver are drawn out to pay that balance; and then the necessity of some medium of trade has induced the making of paper-money, which could not be carried away.
Franklin explains that the trade imbalance with Britain necessitated the creation of paper money as a medium of exchange.
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I apprehend, that excluding the people of the colonies from all share in the choice of the grand council will give extreme dissatisfaction; as well as the taxing them by act of parliament, where they have no representation.
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