2024-01 Raynors Americana Auction
This lot is closed for bidding. Bidding ended on 1/20/2024
JOSEPH TALCOTT (1701-1780). Treasurer of the Colony of Connecticut from 1756 to 1769. (JOHN LEDYARD, SR.) (1700-1771). Father of the Famous American, Connecticut Explorer and adventurer, John Ledyard (1751-1789) who accompanied Captain James Cook on his voyage to find a Northwest Passage to the Orient (1776-1779), namesake of the town of Ledyard, Connecticut (the current location in Ledyard of the Foxwood's Resort Casino). May 20, 1758-Dated, Manuscript Document Signed, "Joseph Talcott Treasurer", 6" x 6.75", 1 page, Colony of Connecticut, Choice Crisp Extremely Fine. A rare "Colony of Connecticut" Indented 6% Interest Bond (at top), Unlisted Type in "The Price of Liberty" by Anderson. Uniface, made for receiving a £100 Loan from John Ledyard Esqr. (1700-1771) (a historic Hartford Merchant and Adventurer) to help fund the Colony during ongoing expense of fighting the French and Indian War. This £100 Bond commits the Colony of Connecticut to repay this loan of £100 from John Ledyard Esqr. (not signed) in Three Years later at 6 Percent Interest, "for the Use and Service of the Governor and Company of the Colony of Connecticut." Treasurer Joseph Talcott's large bold brown ink signature has a manuscript line cancel, and a notation above reading, "not negotiated" that suggests that this loan may not have been completed, at least in this form. Document reads, in full: "£100 / No 38 --- Colony of Connecticut 20 May 1758 --- Received of John Ledyard Esqr the Sum of One hundred Pounds lawful Money, for the Use and Service of the Governor and Company of the Colony of Connecticut and in Behalf of said Colony, I do hereby promise and Oblige my self and Successors in the Office of Treasurer to repay the said John Ledyard or Order the 20 Day of May 1761 the aforesaid Sum of One hundred Pounds in lawful Money with Interest Annually at the Rate of Six P(er) Cent P(er) Annum. (Noted) not negotiated - Witness my Hand -- (Boldly Signed) Joseph Talcott Treasurer". A very fresh and clean well written, easily readable Loan Document, measuring 6" x 6.75" being Indented at top margin on high quality watermarked laid period paper. Highly attractive and exceedingly rare. The first of this type format of French and Indian War, Colonial Connecticut, official fiscal payment Document we have seen. This Type is not listed in William Anderson's reference on Revolutionary War period debt instruments titled: "The Price of Liberty".
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