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Auction: 312 - Numismatic Collector's Series Sale
Lot: 3020

North American Land (PA) 1795. Philadelphia. #178. 25 shs. Counterfoil, left. On laid paper. Signed by Robert Morris as president, and James Marshall, secretary. One pen stroke cancels Morris´s signature.North American Land speculated on and developed lands given by a grateful Congress to Robert Morris, who had helped finance the Revolution. With more than 4 million acres throughout the 13 states, the company represented the epitome of the "Eastern land-jobbers" who sought to make ready fortunes from westward expansion. However, because the company´s revenue could not cover its own loans and taxes, it failed in 1798. Morris was ruined and the "financier of the American Revolution" and signer of the Declaration of Independence found himself in debtor´s prison. VF+.

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