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Auction: 313 - Numismatic Collector's Series - Ft. Worth, TX
Lot: 1823

North American Land Co (PA), Ten $6 shs, Philadelphia, 1795, #19, signed by Robert Morris as president and James Marshall as secretary, counterfoil at left, on laid paper, uncanceled, matted in brown and gold, good VF+. 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.

Sold for
$475