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Auction: 314 - Numismatic Collector's Series Sale
Lot: 1239

North American Land (PA), 5 shs, 1795, Philadelphia. #133. Counterfoil, left. On laid paper. Signed by Robert Morris as president, and James Marshall, secretary. 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; The "financier of the American Revolution" and signer of the Declaration of Independence found himself in debtor´s prison. A premium quality example; not cancelled. VF+

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