April 18, 1786 Act NY Currency Related Letter Signed
New York Currency
1786 New York Congressman Theodorus Bailey Related to Paper Currency Issue Unique Banking & Currency Letter
May 26, 1786-Dated, Autograph Letter Signed, "Theod. Bailey" from Poughkeepsie (NY), Regarding the Bond for Delivery of New York Currency Notes on the April 18, 1786 Act, Choice Very Fine.
Theodorus Bailey has written to Gerard Bancker (Gerard's brother, Evert Bancker, was an official Paper Money "Signer" on the April 18, 1786 Act New York Currency Issue). This 1 page letter measures 13" x 8", regarding questions about the new process for posting Bonds to receive the Currency notes. This letter is in excellent condition, with docketing information on the back. A most historic, original early New York late Colonial Era financial letter. The text of this Letter reads, in full:
"Poughkeepsie 26th May 1786 -- Sir.
The Judges and Supervisors have appointed General Swartwout and myself Loan Officers for this County - and as the persons who stand ready to become Borrowers of the money to be issued, are continually importuning us on the subject, we wish to be in a situation as early as practicable to gratify them. I have therefore to request your Information as to the time when the quota of the Bills for our County will be ready for Delivery.
I have not yet been able to see the Act. I suspect however from the Information I have received, that the Supervisors have unintentionally fallen into an Error in taking security from us. We have given only a single Bond with Security that is approved of, in which we and our sureties are jointly and severally bound. It appears by the Act of 1771 that the Loan Officers must give Bonds severally with security. I must intreat (sic) you to inform me whether you conceive that a Certificate of the filing the above Bond will be sufficient Voucher for the Delivery of the Money to us - . Your answer by the first Post after the receipt of this will much oblidge (sic) your most obed. and humb. Servt. -- (Signed) Theod. Bailey."
Theodorus Bailey (1758-1828) was elected to the Sixth Congress (March 4, 1799-March 3, 1801) and elected to the Seventh Congress to fill the vacancy caused by the resignation of Thomas Tillotson and served from October 6, 1801, to March 3, 1803.
He simultaneously served in the New York State Assembly in 1802 and was elected to the United States Senate, serving from March 4, 1803, to January 16, 1804, when he resigned to accept the position of Postmaster of the City of New York, which he held until his death on September 6, 1828.
KEYWORDS:
Rare Currency, Colonial Currency, Historic Paper Money, Early Paper Money of America, New York Colonial Currency, Revolutionary War Paper Money, Colonial America, Printing Paper Money, New York Fiscal Paper Note, Engraved Paper Money, New York Currency Loan
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New York Currency
1786 New York Congressman Theodorus Bailey Related to Paper Currency Issue Unique Banking & Currency Letter
May 26, 1786-Dated, Autograph Letter Signed, "Theod. Bailey" from Poughkeepsie (NY), Regarding the Bond for Delivery of New York Currency Notes on the April 18, 1786 Act, Choice Very Fine.
Theodorus Bailey has written to Gerard Bancker (Gerard's brother, Evert Bancker, was an official Paper Money "Signer" on the April 18, 1786 Act New York Currency Issue). This 1 page letter measures 13" x 8", regarding questions about the new process for posting Bonds to receive the Currency notes. This letter is in excellent condition, with docketing information on the back. A most historic, original early New York late Colonial Era financial letter. The text of this Letter reads, in full:
"Poughkeepsie 26th May 1786 -- Sir.
The Judges and Supervisors have appointed General Swartwout and myself Loan Officers for this County - and as the persons who stand ready to become Borrowers of the money to be issued, are continually importuning us on the subject, we wish to be in a situation as early as practicable to gratify them. I have therefore to request your Information as to the time when the quota of the Bills for our County will be ready for Delivery.
I have not yet been able to see the Act. I suspect however from the Information I have received, that the Supervisors have unintentionally fallen into an Error in taking security from us. We have given only a single Bond with Security that is approved of, in which we and our sureties are jointly and severally bound. It appears by the Act of 1771 that the Loan Officers must give Bonds severally with security. I must intreat (sic) you to inform me whether you conceive that a Certificate of the filing the above Bond will be sufficient Voucher for the Delivery of the Money to us - . Your answer by the first Post after the receipt of this will much oblidge (sic) your most obed. and humb. Servt. -- (Signed) Theod. Bailey."
Theodorus Bailey (1758-1828) was elected to the Sixth Congress (March 4, 1799-March 3, 1801) and elected to the Seventh Congress to fill the vacancy caused by the resignation of Thomas Tillotson and served from October 6, 1801, to March 3, 1803.
He simultaneously served in the New York State Assembly in 1802 and was elected to the United States Senate, serving from March 4, 1803, to January 16, 1804, when he resigned to accept the position of Postmaster of the City of New York, which he held until his death on September 6, 1828.
KEYWORDS:
Rare Currency, Colonial Currency, Historic Paper Money, Early Paper Money of America, New York Colonial Currency, Revolutionary War Paper Money, Colonial America, Printing Paper Money, New York Fiscal Paper Note, Engraved Paper Money, New York Currency Loan
