CONNECTICUT REVOLUTIONARY WAR - PROMISSORY NOTE SIGNED 12/26/1781 CO-SIGNED BY: WILLIAM MOSELEY, FENN WADSWORTH, RALPH POMEROY, SAMUEL WYLLYS - HFSID 173570
Sale Price $680.00
CONNECTICUT NOTE. Partly Printed DS: "William Moseley"
and "Fenn Wadsworth" as Members of the Committee, 1p, 6x3½,
irregularly cut. State of Connecticut, Pay-Table Office, Hartford, 1781
December 26. To state Treasurer John Lawrence, Esq. In full: "Pay
unto Ralph Pomeroy, Esq., D. Q. M. or Order, Three Pounds in Lawful Silver
Money, out of the Tax of Two Shillings and Six Pence on the Pound, granted by
the General Assembly in May last, and charge the State." Also signed:
"Saml Wyllys" across the signatures of the other Committee members. This
note was issued to RALPH POMEROY, who served as a Military Paymaster, for
wages, reimbursement for expenses or loss due to damages during the
Revolutionary War. 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. During the
American Revolution, SAMUEL WYLLYS (1739-1823) led a regiment in the
siege of Boston. Fort Wyllys was named in his honor. WILLIAM MOSELEY
(1755-1824) later served in the Connecticut state senate (1822-1824).
Financing the Revolution laid a heavy burden upon each colony, especially
those that 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. Lightly creased, horizontal fold at the "ml" of Saml. Slightly
soiled. Upper left blank corner chipped away, lower right blank corner
diagonally cut. Light show through of writing on verso (not windowed to show
verso, which was endorsed by Pomeroy). Overall, fine condition. Framed
in the Gallery of History style: 17¼x19½.
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