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Hazard, Jonathan (fl. 1786) [Rhode Island currency].

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Gilder Lehrman Collection #: GLC01980.05.02 Author/Creator: Hazard, Jonathan (fl. 1786) Place Written: Newport, Rhode Island Type: Document signed Date: May 1786 Pagination: 1 p.

Summary of Content: Cosigned by Samuel Allen and Elijah Cobb. Three Pound note; also listed as sixty shillings. Part of an issue of £100,000 in legal tender bills of credit equal to lawful silver money. Issued pursuant to acts of May, June and August of 1786 for the 4% amortization of seven year realty loans, referred to as the Tenth Rhode Island Bank. Printed In Newport by Solomon Southwich and Henry Barber on cream or bluish paper. Legal tender status was repealed by an act of September 1789, when the value of notes in this issue had depreciated to 10% of their original issue value. There are three border cuts and the state seal on the front.

People:

Historical Era: The New Nation, 1783-1815

Subjects: Coins and CurrencyFinanceEconomics

Sub Era: Creating a New Government

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