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United States Loan Office Certificate

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:700.00 USD Estimated At:895.00 - 1,000.00 USD
United States Loan Office Certificate
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Anderson CT-56. Connecticut. April 23, 1793. Partly-printed US Loan Office certificate signed by William Imlay as commissioner of loans. Be it Known, that Joseph Wells of Berlin hath in pursuance of an Act, entitled, An Act, making provision for the Debt of the United States, subscribed and deposited in this office one certificate of debt, due by the State…I have according to the directions in said act, issued certificate of funded debt… Issued from March - April of 1793, these certificates were "issued by the federal commissioner for Connecticut for that part of the assumed state debt which was subscribed in excess of $1.6 million assigned by the federal government. These certificates were acknowledged by the state to be valid certificates of state debt. After an adjustment of accounts with the federal government, the state of Connecticut redeemed the Imlay certificates with United States government bonds." (Anderson p. 120) Cut cancelled, no paper loss and in Excellent condition.