http://www.genealogyresources.org/Henrico.html

On Mon, May 2, 2016 at 11:32 AM, Wm <[log in to unmask]> wrote:

> I found this original document in Box 70 (1792) of Bedford County
> Judgments.
> The record is entitled "Scale of Depreciation". It was in a separate folder
> and not associated with any particular court case, although I believe it
> was
> at one time.  I believe that it represents an estimate of the severe
> inflation which occurred during the Revolutionary War years of 1777 through
> 1780.
>
> As you might know, lawsuits for debt were blocked by an Act of the Virginia
> Assembly from sometime in 1777 through 1782 - I haven't been able to find
> the specific Act or the exact dates. But I have read the Bedford Court
> Order
> Books through 1793 and suits for debt came to an abrupt halt in 1777 and
> only began again in 1783. I suspect that this "Scale of Depreciation" was
> prepared by a prominent Merchant active in Bedford - possibly Robert
> Donald,
> John Hook, James Callaway etc. - who was attempting to collect old debts
> and
> was arguing that the debt owed should be adjusted by the amount of
> inflation which had occurred during those years. You may view the original
> document at the link below:
>
>
> http://www.milaminvirginia.com/X-Docs/Bedford%20Judgments%20B%2070%20Scale%2
> 0of%20Depreciation%201792.html
>
> I would appreciate any comments about this issue, in particular details of
> any Act of the Assembly bearing on these issues.
>
> William Milam, MD
> www.milaminvirginia.com
>
>
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