Early Paper Money of America / Northwest Territory / 1790 Compagnie de Sciotto

Early Paper Money of America (NNP Edition)|Small change notes written in French and issued by the Scioto Company which was formed about 1789 by William Duer, Assistant Secretary of the Treasury of the United States under Alexander Hamilton, as part of a scheme to sell to French immigrants land obtained by Duer as a veteran of the Revolutionary War under a Northwest Territory bounty program. When 500 French land purchasers arrived in 1790 the land they had bought had been forfeited to the United States for non-payment and the group was sent nearby (now Gallipolis, Ohio) to homestead on land of the Ohio Company. The notes are signed by William Duer as Surlntendant (Superintendent). Duer, also while a government official, had been a silent partner in the copper coinage contract granted to James Jarvis in 1787 by the United States of America for minting its first coin (the 1787 Fugio cent).

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