Early Paper Money of America / Connecticut / 1780 June 1

Early Paper Money of America (NNP Edition)|

£50,000 ($166,667) in Treasury Notes dated June 1, 1780 and payable in Spanish Milled Dollars by Mar. 1, 1784 with 5% interest pursuant to the May 1780 Act. This issue was in lieu of and exchangeable for the guaranteed issue authorized by Congress on Mar. 18, 1780 which guaranteed issue was received too late for use. These were similar to the March 1, 1780 Connecticut issue and with the same signers plus William Pitkin. They were customarily slash or hole cancelled on redemption.