Harper's Encyclopedia of United States History, Bills of exchange.

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19th-Century American

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Bills of exchange.

On Oct. 3, 1776, the Continental Congress resolved to borrow $5,000,000 for the use of the United States, at the annual interest of 4 per cent., and directed certificates to be issued accordingly by the manager of a loan office which was established at the same time. When foreign loans were made, drafts or bills of exchange were used for the payment of interest. On the preceding page is shown fac-simile of one of these drafts, reduced in size. It is drawn on the commissioner of Congress, then in Paris, signed by Francis Hopkinson, the Treasurer of Loans, and countersigned by Nathaniel Appleton, commissioner of the Continental Loan Office in Massachusetts.

Harper and Brothers Publishers. . New York. 1902.

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Harper's Encyclopedia of United States History
Benson Lossing, Ed.

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Bills of exchange.

Harper's Encyclopedia of United States History Benson Lossing, Ed.

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Table of Contents:

Bills of exchange.

Harper's Encyclopedia of United States History
Benson Lossing, Ed.