{"product_id":"1807-boston-bill-of-exchange-drawn-on-baring-brothers-london-early-u-s-banking-commerce-embossed-revenue-stamp","title":"1807 Boston Bill of Exchange Drawn on Baring Brothers, London – Early U.S. Banking \u0026 Commerce – Embossed Revenue Stamp","description":"\u003cp data-start=\"2449\" data-end=\"2860\" class=\"PDq2pG_selectionAnchorContainer\"\u003eOriginal partly printed \u003cstrong data-start=\"2473\" data-end=\"2493\"\u003eBill of Exchange\u003c\/strong\u003e issued in \u003cstrong data-start=\"2504\" data-end=\"2534\"\u003eBoston on October 13, 1807\u003c\/strong\u003e, directing payment of \u003cstrong data-start=\"2557\" data-end=\"2574\"\u003e£107 Sterling\u003c\/strong\u003e at thirty days sight to \u003cstrong data-start=\"2599\" data-end=\"2617\"\u003eJeremiah Smith\u003c\/strong\u003e. The instrument is drawn on the renowned London merchant banking house \u003cstrong data-start=\"2689\" data-end=\"2714\"\u003eBaring Brothers \u0026amp; Co.\u003c\/strong\u003e, one of the most influential financial institutions of the eighteenth and nineteenth centuries and a principal financier of Anglo-American trade.\u003cspan aria-hidden=\"true\" class=\"PDq2pG_selectionAnchor\"\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp data-start=\"2862\" data-end=\"3371\"\u003eCompleted entirely in period manuscript, the bill is signed by \u003cstrong data-start=\"2925\" data-end=\"2940\"\u003eJoseph Head\u003c\/strong\u003e and \u003cstrong data-start=\"2945\" data-end=\"2959\"\u003eLydia Head\u003c\/strong\u003e and bears its original embossed \u003cstrong data-start=\"2992\" data-end=\"3031\"\u003e25-cent United States revenue stamp\u003c\/strong\u003e, together with period endorsements and banking notations on the reverse documenting its circulation. Issued only weeks before President Thomas Jefferson's Embargo Act transformed American overseas commerce, the document represents the sophisticated financial network that connected merchants in Boston and London during the Early Republic.\u003c\/p\u003e\n\u003cp data-start=\"3373\" data-end=\"3631\"\u003eAn outstanding original artifact of American banking, international trade, and Federal-period commerce. Ideal for collectors of early U.S. financial history, merchant manuscripts, Boston history, maritime commerce, Anglo-American trade, and banking ephemera.\u003c\/p\u003e\n\u003cp data-start=\"325\" data-end=\"379\" class=\"PDq2pG_selectionAnchorContainer\"\u003eThe printed form is completed in manuscript and reads:\u003cspan aria-hidden=\"true\" class=\"PDq2pG_selectionAnchor\"\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cul data-start=\"381\" data-end=\"616\"\u003e\n\u003cli data-section-id=\"ckld7d\" data-start=\"381\" data-end=\"408\"\u003e\u003cstrong data-start=\"383\" data-end=\"408\"\u003eBoston, Oct. 13, 1807\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-section-id=\"1blfboy\" data-start=\"409\" data-end=\"440\"\u003eAmount: \u003cstrong data-start=\"419\" data-end=\"440\"\u003e£107.1.4 Sterling\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli data-section-id=\"oj1fdn\" data-start=\"441\" data-end=\"475\"\u003ePayable \u003cstrong data-start=\"451\" data-end=\"475\"\u003eat thirty days sight\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli data-section-id=\"1wmaida\" data-start=\"476\" data-end=\"511\"\u003ePayable to \u003cstrong data-start=\"489\" data-end=\"511\"\u003eMr. Jeremiah Smith\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli data-section-id=\"17jhcye\" data-start=\"512\" data-end=\"564\"\u003eDrawn on \u003cstrong data-start=\"523\" data-end=\"564\"\u003eMessrs. Baring Brothers \u0026amp; Co., London\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli data-section-id=\"7nr2fd\" data-start=\"565\" data-end=\"616\"\u003eSigned by:\n\u003cul data-start=\"580\" data-end=\"616\"\u003e\n\u003cli data-section-id=\"t744h7\" data-start=\"580\" data-end=\"597\"\u003e\u003cstrong data-start=\"582\" data-end=\"597\"\u003eJoseph Head\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli data-section-id=\"1xffs1l\" data-start=\"600\" data-end=\"616\"\u003e\u003cstrong data-start=\"602\" data-end=\"616\"\u003eLydia Head\u003c\/strong\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp data-start=\"618\" data-end=\"735\"\u003eThe document bears an embossed \u003cstrong data-start=\"649\" data-end=\"679\"\u003e25-cent U.S. revenue stamp\u003c\/strong\u003e, required under the federal stamp duties then in force.\u003c\/p\u003e\n\u003cp data-start=\"737\" data-end=\"835\"\u003eThe reverse carries period endorsements and banking notations documenting negotiation of the bill.\u003c\/p\u003e\n\u003chr data-start=\"837\" data-end=\"840\"\u003e\n\u003ch2 data-section-id=\"1353kst\" data-start=\"842\" data-end=\"866\"\u003eHistorical Importance\u003c\/h2\u003e\n\u003cp data-start=\"868\" data-end=\"931\"\u003eThis is a fine example of early American international finance.\u003c\/p\u003e\n\u003cp data-start=\"933\" data-end=\"1119\"\u003eRather than shipping coin across the Atlantic, merchants settled accounts through \u003cstrong data-start=\"1015\" data-end=\"1036\"\u003ebills of exchange\u003c\/strong\u003e, which functioned much like negotiable checks drawn on established banking houses.\u003c\/p\u003e\n\u003cp data-start=\"1121\" data-end=\"1167\"\u003eSeveral features make this document desirable:\u003c\/p\u003e\n\u003cul data-start=\"1169\" data-end=\"1446\"\u003e\n\u003cli data-section-id=\"197e1n7\" data-start=\"1169\" data-end=\"1191\"\u003eEarly Federal period\u003c\/li\u003e\n\u003cli data-section-id=\"jmh0mo\" data-start=\"1192\" data-end=\"1220\"\u003eBoston commercial document\u003c\/li\u003e\n\u003cli data-section-id=\"y98aef\" data-start=\"1221\" data-end=\"1307\"\u003eDrawn on \u003cstrong data-start=\"1232\" data-end=\"1257\"\u003eBaring Brothers \u0026amp; Co.\u003c\/strong\u003e, one of the world's most important merchant banks\u003c\/li\u003e\n\u003cli data-section-id=\"1ji2x\" data-start=\"1308\" data-end=\"1349\"\u003eOriginal embossed federal revenue stamp\u003c\/li\u003e\n\u003cli data-section-id=\"akijpz\" data-start=\"1350\" data-end=\"1411\"\u003eShortly before Jefferson's \u003cstrong data-start=\"1379\" data-end=\"1411\"\u003eEmbargo Act of December 1807\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli data-section-id=\"klz5zp\" data-start=\"1412\" data-end=\"1446\"\u003eOriginal endorsements on reverse\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3 data-section-id=\"169ktyo\" data-start=\"1448\" data-end=\"1467\"\u003eBaring Brothers\u003c\/h3\u003e\n\u003cp data-start=\"1469\" data-end=\"1636\"\u003eBaring Brothers was Britain's leading merchant bank during the late eighteenth and early nineteenth centuries and handled enormous volumes of American trade financing.\u003c\/p\u003e\n\u003cp data-start=\"1638\" data-end=\"1741\"\u003eBills drawn upon Baring Brothers are collected as important artifacts of early Anglo-American commerce.\u003c\/p\u003e\n\u003chr data-start=\"1743\" data-end=\"1746\"\u003e\n\u003ch2 data-section-id=\"hrykuu\" data-start=\"1748\" data-end=\"1760\"\u003eCondition\u003c\/h2\u003e\n\u003cul data-start=\"1762\" data-end=\"1948\"\u003e\n\u003cli data-section-id=\"1fgr7hz\" data-start=\"1762\" data-end=\"1785\"\u003eOriginal printed form\u003c\/li\u003e\n\u003cli data-section-id=\"gjyvl\" data-start=\"1786\" data-end=\"1813\"\u003eStrong manuscript entries\u003c\/li\u003e\n\u003cli data-section-id=\"rqgv3o\" data-start=\"1814\" data-end=\"1847\"\u003eOriginal embossed revenue stamp\u003c\/li\u003e\n\u003cli data-section-id=\"1x7t1fx\" data-start=\"1848\" data-end=\"1870\"\u003eReverse endorsements\u003c\/li\u003e\n\u003cli data-section-id=\"1c8p1n1\" data-start=\"1871\" data-end=\"1908\"\u003eLight staining from former mounting\u003c\/li\u003e\n\u003cli data-section-id=\"mr4zfh\" data-start=\"1909\" data-end=\"1926\"\u003eMinor edge wear\u003c\/li\u003e\n\u003cli data-section-id=\"1dznt7k\" data-start=\"1927\" data-end=\"1948\"\u003eVery good condition\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Signature Documents LLC","offers":[{"title":"Default Title","offer_id":52599578034458,"sku":null,"price":849.0,"currency_code":"CAD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/2221\/0931\/files\/IMG_1896.jpg?v=1785254433","url":"https:\/\/princetonaudubonprints.com\/en-ca\/products\/1807-boston-bill-of-exchange-drawn-on-baring-brothers-london-early-u-s-banking-commerce-embossed-revenue-stamp","provider":"Signature Documents LLC","version":"1.0","type":"link"}