that were issued were not for
the Market, it is interesting to find that there is some foundation for
the tradition identifying them with it. The plan was first suggested in
connection with a scheme for the enlarging of the Market.
This was a much needed improvement. "Humanity cries out, every
Saturday," reports a States Committee, "against the crush, which it is
difficult to get out of; and every day of the week against the lack of
shelter for the people who, often arriving wet or heated, remain exposed
for whole hours to wind and rain, to the severity of cold and to the
heat of the sun."
A Committee, appointed 12th April, 1815, to consider the question,
having brought in a scheme for enlarging the Market, recommended the
issue of State Notes. The Bailiff submitted the following resolution for
the consideration of the States at their meeting on 29th March,
1816:--"Whether in order to meet the expenditure it would not be
desirable to issue State Notes of One Pound each (_Billets des Etats
d'une Livre Sterling_) up to L6,000, the States undertaking not to issue
any, under any pretext whatever, beyond the said sum before having
previously cancelled the said L6,000."
Notwithstanding the Committee's opinion that the enlargement of the
Market could not be recommended without this issue, and the precautions
suggested for the issue of the Notes, the States rejected the
proposition.
However, the promoters of the idea appear to have been nothing daunted,
and to have met with success on their second attempt. For we find that
on the 17th October of the same year the Finance Committee reported that
L5,000 was wanted for roads, and a monument to the late Governor, while
only L1,000 was in hand. They recommended that the remaining L4,000
should be raised by State Notes of L1, 1,500 of which should be payable
on 15th April, 1817, or any Saturday after by the Receiver of the Duty,
1,250 on 15th October, 1817, and 1,250 on 15th April, 1818.
"In this manner, without increasing the debt of the States, we can
easily succeed in finishing the works undertaken, leaving moreover in
the coffers sufficient money for the other needs of the States."
The States agreed to this and appointed a Committee of three (Nicolas
Maingy, Senior, Jean Lukis and Daniel de Lisle), who were exclusively
charged with the duty of issuing the Notes, taking all the precautions
they thought necessary. They were to pay them out on the order of M. le
Supervi
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