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Auction: 317 - The Collector's Series
Lot: 465

Daniel Verplanck Buys $10,000 Worth of the State of North Carolina Debt. July 22, 1790. Handwritten document, signed. 23cm. x 9cm. The central portions are Very Fine, but the left edge has a few splits, and the right end is missing some small pieces. Signed by Daniel C. Verplanck.
The document reads:
"Three Months after Date I promise to receive of M.. George Lewis & Co. Ten Thousand Dollars of the State Debt of North Carolina being principal and not of the Emission made in compliance with the Act of Dec. 1785 and to all in them therefore at the rate of six shillings in the Pound and five shillings and six(?) pence for the Interest due therein previous to the first of Jan'ry 1790. New York July 22, 1790."
Signed by Daniel C. Verplanck.
Similar to the "receivable" transactions in some of the previous lots, Verplanck is "going long" in this transaction, promising to buy North Carolina Debt at a set price at a future date.

Sold for
$4,000