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Fowle's New Hampshire Gazette And General Advertiser
Portsmouth, Rockingham County, New Hampshire
What is this article about?
On February 1, 1786, Congress, based on a report from the Board of Treasury regarding Mr. Gerry's motion, resolved to authorize holders of loan-office certificates issued since March 1, 1778, to exchange them for new specie certificates of equivalent value, in sums of at least $100, through state loan officers, with old certificates sent to the Comptroller's office as vouchers.
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Wednesday, February 1, 1786.
On a report of the Board of Treasury, to whom was referred a motion of Mr. Gerry,
Resolved, That all holders of loan-office certificates, issued since the 1st of March, 1778, be, and they are, hereby authorized to present the same to the loan officer of the state in which such certificates issued, in order that the specie value thereof may be liquidated; and that, on the former certificates being given up, specie certificates to the same value shall be issued, agreeably to such form, and in such sums, as the Board of Treasury may direct, provided that no certificate issue for a less sum than one hundred dollars: and that the paper, checks and devices of the new certificates resemble as nearly as may be the old certificates, which shall be transmitted, as vouchers of re-issue, to the Comptroller's office.
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Domestic News Details
Event Date
Wednesday, February 1, 1786
Key Persons
Outcome
holders authorized to exchange old loan-office certificates for new specie certificates of equivalent value, minimum $100 per certificate; old certificates transmitted to comptroller's office as vouchers.
Event Details
Congress resolved, on report of Board of Treasury regarding Mr. Gerry's motion, that holders of loan-office certificates issued since March 1, 1778, present them to state loan officers for liquidation of specie value; upon surrender, new specie certificates issued in forms and sums directed by Board of Treasury, resembling old ones.