Connecticut Continental Currency Carter
This document is a 1780 Connecticut Treasury Office pay order, also known as a promissory note or bond, issued to a soldier for service in the Connecticut Line of the Continental Army during the American Revolutionary War.
Purpose: These notes represented one-fourth of the total balance found due to a soldier for their military service. They were issued because the state often lacked the immediate cash to pay troops.
Signer: This particular note is signed by John Lawrence, who served as the Treasurer of Connecticut.
Historical Significance
These "Continental Line" certificates are important historical artifacts of early American finance and the military history of the Revolution. They were typically payable in "Gold or Silver" by a future date and accrued annual interest. Because many soldiers were in dire need of funds after the war, they often sold these notes to speculators at a fraction of their face value.
This document is a 1780 Connecticut Treasury Office pay order, also known as a promissory note or bond, issued to a soldier for service in the Connecticut Line of the Continental Army during the American Revolutionary War.
Purpose: These notes represented one-fourth of the total balance found due to a soldier for their military service. They were issued because the state often lacked the immediate cash to pay troops.
Signer: This particular note is signed by John Lawrence, who served as the Treasurer of Connecticut.
Historical Significance
These "Continental Line" certificates are important historical artifacts of early American finance and the military history of the Revolution. They were typically payable in "Gold or Silver" by a future date and accrued annual interest. Because many soldiers were in dire need of funds after the war, they often sold these notes to speculators at a fraction of their face value.