Description

    Robert Morris Signed Delaware and Schuylkill Canal Navigation Company Stock Certificate. Partially printed DS "Robt Morris" as President and "Tench Francis" as Treasurer of the Delaware and Schuylkill Canal Navigation Company, completed in unknown clerical hand. One page with docketing on verso, 9.5" x 8.25" laid paper, Philadelphia, Pennsylvania, dated August 4, 1792. The certificate, signed by Patriots Morris and Francis reads: "Be it hereby certified, by the President, Managers, and Company of the Delaware and Schuylkill Canal Navigation, That Naddon of [blank] is entitled to one share of Stock, in the said Company, numbered Twelve hundred and ninety-three transferrable [sic] in the presence of the treasurer, by the said Naddan or his attorney: subject nevertheless to the payments due, or to grow due thereupon, according to the terms prescribed in an Act of the General Assembly of the Commonwealth of Pennsylvania, passed the Tenth day of April, in the year of our Lord One Thousand Seven Hundred and Ninety-Two, and the Charter of said Company. Sealed with the common seal of the said Company. / Robt Morris, President. / Tench Francis Treasurer." In thirty years at major public auctions only three such certificates have been sold. The last was in poor condition and fetched over $2,100 almost a decade ago. Gently toned with few spots of foxing, near fine condition.
    An important association piece linking two major financiers of the American Revolution and the early history of this nation's financial history. Robert Morris was an American merchant and a signer to the United States Declaration of Independence, the Articles of Confederation, and the United States Constitution. Morris was known as the Financier of the Revolution because of his role in securing financial assistance for the American side in the Revolutionary War. Tench Francis is said to have contributed huge sums of his personal fortune to support the war effort as well, and was Aide to George Washington during the war. In a unanimous vote, Congress appointed Morris to be Superintendent of Finance of the United States from 1781 to 1784. Three days later, Morris proposed the establishment of a national bank which led to the creation of the first financial institution chartered by the United States, the Bank of North America. Tench Francis would become first Cashier of the Bank.


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    Auction Dates
    June, 2008
    3rd-4th Tuesday-Wednesday
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