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THB1780 Conn Currency Redeemed at One Thirtieth of the Sum Deposited United States
Lot 153
Live Auction in Progress ... Currently on Lot Estimate:
$500 - $600
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About Auction
Live
By Early American History Auctions
Aug 24, 2019
Set Reminder
2019-08-24 12:00:00
2019-08-24 12:00:00
America/New_York
Bidsquare
Bidsquare : Autographs, Colonial Currency, Political Americana, Historic Guns
https://www.bidsquare.com/auctions/early-american-history-auctions/autographs-colonial-currency-political-americana-historic-guns-4347
Historic Autographs • Colonial Currency • American Civil War Colonial Era • Revolutionary War • Political Americana • Black History Early American History Auctions auctions@earlyamerican.com
Historic Autographs • Colonial Currency • American Civil War Colonial Era • Revolutionary War • Political Americana • Black History Early American History Auctions auctions@earlyamerican.com
View Full Catalog (332)
- Lot Description
American Revolution
1780 Currency of the United States "Redeemed in Gold & Silver at One Thirtieth of the sum deposited" Revolutionary War Connecticut ACT "Supplying the State Treasury, &c."
January 6, 1780-Dated Revolutionary War Period Imprint, "Acts and Laws," Regarding State Finances, Depreciation of Paper Bills of Credit, the Issue and Redemption of Connecticut and United States Continental Congress Issued Bills of Credit, Regulating the Militia & More, Hartford, Connecticut, Very Fine.
Preamble: (2nd sentence) "This Government considering, that in the progress of the present most cruel and oppressive War, the Bills of public Credit have, by unavoidable Accident become much depreciated; from which Circumstance some Doubts may possibly arise in the Minds of the public Creditors of this State, that they may hereafter be obliged to receive their Pay according to the depreciated Value of the present Currency..." (Page 3): "That every Person who shall deposit for the use of the State in the Hands of the Treasurer of this State, any Sum in said Bills of the United States, not less than One Hundred and Eighty Pounds Lawful Money, according to the amount of one thirtieth part of the Sum so deposited, in Silver or Gold, computing Spanish milled Dollars and other Coins as aforesaid, within Six Years after such Sum is deposited as aforesaid; and shall receive annually on any Sum or Sums he shall deposit, according to this Act, an Interest of Six Pounds per Centum, per Annum, either in Gold or Silver Coin, computed as aforesaid, or in Bills of public Credit of this State..."
Connecticut Currency in Paper Money to be "Redeemed in Gold & Silver at One Thirtieth of the sum deposited" Revolutionary War Connecticut ACT "Supplying the State Treasury, &c."
This original Revolutionary War Period Imprint measures about 7" x 11.75", 8 pages, well printed in black typeset. This printing of "ACTS AND LAWS" passed by the legislature of the State of Connecticut in Hartford, after the passage of the Declaration of Independence, deals primarily with finances, bills of credit, taxes, regulating the Militia, and more. These laws were individually printed for each day of the legislative session and sent to the various Town Clerks in the State to be posted by them in a public place or inserted into a larger volume that would be bound for future use by each Town. These laws were printed by Timothy Green of New London, and carry his imprint on the last page. Amazing realtime content regading massive Inflation due to the rapid Depreciation of Paper Money!
TIMOTHY GREEN (1737-1796) came from a family of printers. He was a staunch Patriot during the Revolutionary War, and printed laws, as well as currency, newspapers, and the proceedings of the Continental Congress. Green's print shop survived the burning of New London by the British near the end of the war.
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