Revolutionary War pay bond, 1780
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Description
A Revolutionary War Massachusetts Treasury Certificate dated January 1, 1780. This is an original Massachusetts 6% Commodity Bond, being fiscal paper issued to "cover the depreciation of pay soldiers received while serving in the Continental Army" according to Anderson. This particular note was used to pay Private Reuben Siliway of Amesbury who served in Captain Matthias Hoyt's Company of Minutemen and marched on the alarm of April 19, 1775. Endorsed by Siliway on the reverse. This historic Revolutionary War document is signed by Henry Gardner, as Treasurer, and Dawes and Cranch for the Committee. This basket of various commodity items value based certificate was given to Massachusetts Continental soldiers towards payment in Continental Currency with the assurance that they would receive the proper value of their pay based upon the going rates of various commodities used, as a fix of value. This certificate reads, in part: "in the then current Money of the said State, in a greater or less Sum, according as Five Bushels of CORN, Sixty-eight Pounds and four-sevenths Parts of a Pound of BEEF, Ten Pounds of SHEEPS WOOL, and Sixteen Pounds of SOLE LEATHER shall then cost, more or less than One Hundred and Thirty Pounds current Money, at the then current Prices of said Articles. This Sum being Thirty-Two Times and an Half what the same Quantities of same Articles would cost at the Prices affixed to them..." Printed in black on special watermarked, laid period paper, rectangular in shape. Condition: Anderson MA-21. Fine. Size: 10.75"x5.5".
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Revolutionary War pay bond, 1780
Estimate $500 - $750
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