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    Description

    Robert Morris Document Signed. One page, 7.75" x 3", Philadelphia; August 20, 1795. This promissory note for $5,000 was sent to John Nicholson by Robert Morris and was signed by both men. It reads in full: "Three years after date I promise to pay to Mr. John Nicholson or Order, five thousand dollars, for value received."

    Condition: 1" closed tear to top margin repaired with tape on verso. One small hole affecting the "h" in Nicholson's signature. Light edgewear with chip to right margin. Gently toned from age.


    More Information: Robert Morris (1734-1806), widely known as the "financier of the American Revolution," was one of the Founding Fathers and signers of the Declaration of Independence. He served as the Superintendent of Finance from 1781 to 1784 and is considered, along with Alexander Hamilton, to be a founder of the United States financial system. It was Morris who recommended Hamilton for the post of Secretary of the Treasury after declining it himself. After the Revolutionary War he became deeply entrenched in land speculation and formed a partnership with John Nicholson to create the North American Land Company. It proved a spectacular disaster for both men. Morris was imprisoned in debtors' prison for three years and was only released in 1801 after the passage of the Bankruptcy Act of 1800. Nicholson himself died there in 1800.


    Auction Info

    Auction Dates
    May, 2021
    19th Wednesday
    Bids + Registered Phone Bidders: 11
    Lot Tracking Activity: N/A
    Page Views: 303

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