CONNECTICUT REVOLUTIONARY WAR - PROMISSORY NOTE SIGNED 03/10/1784 CO-SIGNED BY: OLIVER WOLCOTT JR., SAMUEL WYLLYS, ELEAZER WALES, HENRY CHAMPION - HFSID 1969
Sale Price $616.25
CONNECTICUT PROMISORY NOTE: OLIVER WOLCOTT JR., ELEAZER WALES and SAMUEL WYLLYS; endorsed by HENRY CHAMPION
Four revolutionary patriots sign their names to this note issued by the state to help fund the struggle for independence.
Partly Printed Document signed: "Oliver Wolcott Jr", "Eleazer Wales" as Members of the Committee, 1 page, 6¼x5¾. Also signed: "Samuel Wyllys" across the printed text. State of Connecticut, Pay-Table Office, Hartford, 1784 March 10. To state Treasurer John Lawrence, Esq. In full: "Pay Henry Champion Esq - Eight pounds, Six Shillings & eleven pence out of the Tax of One Shilling on the Pound, granted in January 1783 and charge the State." Endorsed on same date by: "Henry Champion Esq." on verso. This note was issued to HENRY CHAMPION (1751-1836), who rose through the ranks of the Continental Army from second lieutenant to general. He participated in the Battles of Bunker Hill and Long Island and in the capture of Stony Point. He was a Connecticut state legislator (1789-1805). The towns of Champion, New York; and Champion, Ohio, are named for him. The military finances for the colony of Connecticut were handled by the Pay-Table, also known as the Committee of Four, during the American Revolution (1775-1783). Pay-Table members rotated during the lengthy confrontation with England, and included such notables as jurist Oliver Ellsworth, attorney Oliver Wolcott, Jr. (a future U.S. Secretary of the Treasury), Hezekiah Rogers (an aide de camp to General Jedidiah Huntington, who was also a member), William Moseley, Fenn Wadsworth, Eleazer Wales and General Samuel Wyllys. Financing the Revolution laid a heavy burden upon each colony, especially those which balked at levying taxes. In order to meet immediate needs, such as wages, the colonies relied upon wealthy revolutionists, foreign loans, and taxes and gifts from abroad. Connecticut issued promissory notes such as this. Issuing paper money was only a temporary solution, and worthless without specie or gold and silver backing. The U.S. would establish its standard monetary system in 1791. During the American Revolution, SAMUEL WYLLYS (1739-1823) led a regiment in the siege of Boston. Fort Wyllys was named in his honor. He was the son of Governor George Wyllys. ELEAZAR WALES (1732-1794) was a Yale graduate and Presbyterian Minister. In addition to his public service on the Pay Table, he was for a time a Justice of the Peace in Hartford. Lightly creased. Slightly soiled on verso (endorsement side). Otherwise, fine condition.
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