To Preserve…

The first deadly armed rebellion at the end of the Revolutionary War was farmers impoverished by debts and taxes. It was Shay’s Rebellion in Springfield, Massachusetts from 1786 to 1787. It was the first example of US Government not treating veterans well.

Daniel Shays was a poor farmhand from Massachusetts when the Revolution broke out. He joined the Continental Army and fought at Lexington, Bunker Hill, and Saratoga. DS was eventually wounded in action.

In 1780, DS resigned from the army after being unpaid like many Patriots. He went home to find himself in court for the nonpayment of debts.

Shays soon found he was not alone in being unable to pay his debts or taxes. He saw a sick woman who had her bed taken out from under her because she was unable to pay her debts and taxes.

Bankers were confiscating everything debtors had, including their homes.

People were thrown into debtor’s prison, the forerunner of a bad credit rating today. Once you were in, it was tough to earn your way out.

Farmer Plough Jogger said before a meeting to petition the Boston Court for relief:

I have been greatly abused, have been obliged to do more than my part in the war; been loaded with class rates, town rates, province rates, Continental rates and all rates…been pulled and hauled by sheriffs, constables and collectors, and had my cattle sold for less than they were worth…The great men are going to get all we have and I think it is time for us to rise and put a stop to it, and have no more courts, nor sheriffs, nor collectors nor lawyers.

Many American citizens and even government militia shared his concerns or situation. Protestors shut down local courts to stop confiscations, debt collections and foreclosures.

The Supreme Judicial Court of Massachusetts indicted eleven leaders of the rebellion as disorderly, riotous, and seditious persons.

Incensed by the indictment, Shays led seven hundred armed farmers, most of them war vets, to the Springfield Armory. As they marched their ranks grew, and some of the militia joined along with additional reinforcements from the countryside.

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This entry was posted on Monday, February 1st, 2010 at 5:14 pm and is filed under Financial Planning. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “To Preserve…”

  1. Richard Weddle Says:

    Holy Smokes Rich….
    Now that was a handful.
    This article should be published in the NY Times.
    Certainly we are seeing a ground swell in this country stirred by an irate citizenry.
    Perhaps it is not to late to take our country back.
    God have Mercy.
    Keep up the good work Rich, you are a true Patriot.
    Thank you. Richard

  2. Rich Says:

    Mahalo Richard:

    Henry Paulson acknowledged 93% of Americans opposed TARP and he did it anyway, bailing out himself and his firm Goldman Sachs with Ben Bernanke and Timothy Geithner’s help.

    No wonder the majority of Americans want a full Audit of the Fed and Treasury, including the Mints and Bullion Vaults.

    If we:

    A) turn off government monopoly media making heroes out of bums,
    B) share the truth which sets us free,
    C) help family friends and neighbors vote for Patriotic Constitutional Independents who truly serve US this Fall,

    then we may in fact take our country back from bonus banksters and their government corporate welfare pimps.

    The alternative is watching the Jericho Wall of debt crush our country and lives like Financial Armageddon.

    Uncle Sam owes more than we own. That cannot last much longer.

    We must pay down or forgive our debts with a spending freeze on deficits and earmarks and the 1% Transaction Tax on a quadrillion in voluntary transactions.

    Andrew Jackson paid off the public debt in 1835. So can we…

    Regards*Rich

  3. clicks Says:

    Rich,

    Like the website and all, but a reader needs to click 22 separate times simply to read the content of this entry. Perhaps a different format would be better?

    Cheers.

  4. Rich Says:

    Thanks clicks.
    Took it up with the management.
    Regards*Rich

 

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