TWO-PENNY ACT
\tˈuːpˈɛni ˈakt], \tˈuːpˈɛni ˈakt], \t_ˈuː_p_ˈɛ_n_i_ ˈa_k_t]\
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An act passed by the Virginia Assembly in 1755, to endure ten months, permitting that all debts now payable in tobacco should, at the debtor's option, be payable in money, at the rate of sixteen shillings and eight pence for every hundred-weight of tobacco. This equals two-pence a pound; hence the name. (See Parsons' Cause.)
By John Franklin Jameson
