CONNECTICUT REVOLUTIONARY WAR - PROMISSORY NOTE SIGNED 12/26/1781 CO-SIGNED BY: WILLIAM MOSELEY, HEZEKIAH ROGERS - HFSID 1962
Sale Price $396.00
CONNECTICUT REVOLUTIONARY WAR PROMISSORY NOTE, CO-SIGNED BY: HEZEKIAH ROGERS, WILLIAM MOSELEY
Connecticut promissory note for 20 shillings signed by Rogers and Moseley in 1781. Connecticut issued notes like these for loans that financed the Revolutionary War.
Promissory note signed "Hez Rogers" (vertically) and "William Moseley". 1 page, 6x3¾. Connecticut Pay Table Office, Hartford, Connecticut, December 26, 1781. Issued in the name of John Lawrence, State Treasurer. In full: "Pay unto Ralph Pomeroy, Esq; D. Q. M. or Order Twenty Shillings- Lawful Silver Money, out of the Tax of Two Shillings and Six-Pence on the Pound, granted by the General Assembly in the May last, and charge the state." Pomeroy was a Military Paymaster. 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, son of Governor George 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 and, at the insistence of Secretary of the Treasury Alexander Hamilton, assume the state debts. Moseley (1755-1824) later served in the Connecticut state senate (1822-1824). Lightly toned, stained and creased. Signatures cross and touch each other. Random ink stains. Irregular edges, with small tear in top and left edges. Light show-through from docket on verso near left edge. Folded once and unfolded. Otherwise in fine condition.
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