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. The statute provided 5 percent damages if the bill was drawn on a country not in Asia
or Africa, otherwise 20 percent. See Act of 4 March 1826, c. 177, §1, Mass. Laws
, 1826, p. 315–316. For the practice in other states, see Brannan's Negotiable Instruments Law
150, 200–201, 1263–1264; Theophilus Parsons, A Treatise on the Law of Promissory Notes and Bills of Exchange,
1:655–661 note (Phila., 2d edn., 1876); Annotation, 27 A.L.R.
Cite web page as: Founding Families: Digital Editions of the Papers of the Winthrops and the Adamses, ed.C. James Taylor. Boston: Massachusetts Historical Society, 2014.