Rhode Island Proposed Pairing Agreement

State:
Multi-State
Control #:
US-CC-7-1480
Format:
Word; 
Rich Text
Instant download

Description

This form is a detailed model agreement for a stock pairing transaction. Adapt to fit your specific needs and circumstances. Don't reinvent the wheel, save time and money.
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FAQ

The original states, except Rhode Island, collectively appointed 70 individuals to the Constitutional Convention, but a number did not accept or could not attend. Those who did not attend included Richard Henry Lee, Patrick Henry, Thomas Jefferson, John Adams, Samuel Adams and, John Hancock.

Rhode Island's opposition was chiefly due to the paper money issued in Rhode Island pounds since 1786 by the governing Country Party, intended to pay off the state's burdensome Revolutionary War debt. Other issues included fear of direct federal taxes and aversion to the lengthy terms for members of Congress.

In May of that year, delegates from 12 of the 13 States (Rhode Island sent no representatives) convened in Philadelphia to begin the work of redesigning government. The delegates to the Constitutional Convention quickly began work on drafting a new Constitution for the United States.

There were several reasons for Rhode Island's resistance including its concern that the Constitution gave too much power to the central government at the expense of the states. The Constitution would also have made the state's practice of printing paper money illegal.

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Rhode Island Proposed Pairing Agreement