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Article: Parson's Cause
- Article from:
- Dictionary of American History
- Author:
CopyrightCOPYRIGHT 2003 The Gale Group Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PARSON'S CAUSE
PARSON'S CAUSE,
refers to conflict over ministers' salaries in the 1750s and 1760s. Ministers' salaries had been fixed (1748) at 17,200 pounds of tobacco a year, and laws in 1755 and 1758 sought to limit price fluctuations by allowing payment in paper money at two pence per pound. Because tobacco sold for sixpence a pound, ministers assailed the law, obtaining a royal veto in 1759. In court battles ...
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Dictionary definition: legal tender
A Dictionary of Finance and Banking;
301 words
...legal tender Money that must be accepted in discharge of a debt. It may be limited legal tender , i.e. it must be accepted but only up to specified limits of payment; or unlimited legal tender , i.e. acceptable in settlement of debts ...
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