Early New York Paper Currency. 57 



1781, 1 for $411,250 to pay the proportion called for by 

 congress towards the expenses of the war, and the other 

 in 1786, 2 for .£200,000 to be loaned at 5 per cent, for the 

 purpose of increasing the currency. 



The bills of the provincial congress as well as the con- 

 tinental bills were made a legal tender, 3 but in 1781 an 

 act was passed, repealing all laws making bills of credit 

 a legal tender, and four years later, all such bills in the 

 state treasury were destroyed. 



A Catalogue of the Bills of Credit issued by New York from 

 1709 to 1789 : with a description of the bills, the dates, 

 denominations and signers. 



1709.— June 8. 



Amount, £5,000. 



Form: This indented Bill of Shillings due from 



the Colony of ISTew York to the Possessor thereof, shall 

 be, in Value equal to Money ; and shall be accordingly 

 accepted by the Treasurer of this Colony, for the time 

 being, in all publick payments ; and for any Fund at any 

 Time, in the Treasury. Dated, New York, Thirty-first of 

 May, One Thousand Seven Hundred and Nine; by Order 

 of Lieutenant-Governor, Council, and General Assembly, 

 of the said Colony. 



Signed by Lawrence E-eade, Robert Walters, John 

 Depeyster, and Robert Lurting, or any three of them. 



1 March 27. 



2 April 18th. 



1 Made so in 1780 at the rate of Ss. to the dollar. The money of 

 account of the U. S., that is to say, the dollar, dime, cent, mill, was 

 adopted in New York by an act passed Jan. 27, 1797, by providing that 

 a dollar should be 4-10 of a pound, a dime l-10th, &c, &c. 

 [Trans, v.'] 8 



