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Lot #106
Benjamin Franklin Document Signed for New Currency

Benjamin Franklin orders a loan to support Pennsylvania's "new Emission of paper money"

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Estimate: $25000+
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Description

Benjamin Franklin orders a loan to support Pennsylvania's "new Emission of paper money"

Historic manuscript DS, signed “B. Franklin Presid't,” one page, 7.25 x 6, December 6, 1785. As president of Pennsylvania's Supreme Executive Council, Benjamin Franklin signs a document headed: "For £15,000.0.0 of the new Emission of paper money." Franklin orders Treasurer David Rittenhouse to "Pay to the Trustees of the General Loan Office or order the sum of Fifteen thousand pounds in Bills of Credit of the New Emission according to two Acts of Assembly passed the 16th of March and 4 of April 1784—to emit on Loan—for which the said Trustees are to be accountable." Prominently signed at the conclusion by Franklin, and endorsed along the left side by Comptroller General John Nicholson. Reverse bears several endorsements regarding receipt of said funds. In very good to fine condition, with light staining and a few small repairs to paper loss along the edges. The first state to push through paper money during the postwar period was Pennsylvania, in March 1785, by an act referenced in the present document. An important document prominently signed by the influential founding father.

Auction Info

  • Auction Title: Fine Autograph and Artifacts Featuring Royalty
  • Dates: #659 - Ended March 08, 2023





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