Colonial American Fiscal Paper - United State Loan Office [for the] State of Connecticut Certificate for Receipt for Oversubscribed Federal Debt April 19, 1793 Anderson-Smythe CT-56 or \"Imlay Certificate.\" This State of Connecticut certificate relates directly to the federal debt certificates created by Hamilton's plan enacted and approved by the President, August 4, 1790 (an original printed extract of that imprinted enactment is offered in this Newman Part VIII sale). Per the language of the Congressional Act, each state was responsible for assuming any oversubscribed funded debt; these certificates converted that federal obligation into state debt. An attractive certificate printed on laid paper with the imprint of \"Francis Bailey - Printer\" at left. The oval Great Seal of the United States is to the left of the obligations and issuance line, with denominational indents at the far left. The printed portion measures 22.0 cm by 19.0 cm (the blank leaf is folded behind). No. 85. Issued for $1,029.21 to George Service of New York. Signed by William Imlay as commissioner. There is a large cut-cancel within the center, but the note is vibrant and Very Fine. Only 150 were authorized for Connecticut, thus these are very scarce. Ex: Eric P. Newman Numismatic Education Society \n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 29054, realized $1140. Image and description courtesy of Heritage Auctions, https://ha.com.
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