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1780 dated Continental Army Connecticut Line Bond or Note issued to a Revolutionary War Soldier - Extremely Popular

Inv# CT1000A   Bond
State(s): Connecticut
Years: 1780-82
1780-82 Note or Bond issued to a soldier in the Connecticut Line of the Continental Army Payable-in Gold or Silver or Bills of Credit. Given to soldiers. Notes show some wear as they were held for 6 to 8 years. Interest at back for each of these years. Signed John Lawrence Treasurer and by the Soldier on redemption. Hole cancelled. Historic!!! Usual Condition showing fold separations. Nicer than normal condition.

The Connecticut Line was a formation within the Continental Army. The term “Connecticut Line” referred to the quota of numbered infantry regiments assigned to Connecticut by the Continental Congress at various times. The size of this allocation was determined by Connecticut’s population compared to other states. These regiments, along with similarly apportioned contingents from the other twelve states, formed the Continental Line. This concept was particularly crucial in promoting commissioned officers. Officers below the rank of brigadier general were usually ineligible for promotion except in their own state.

During the war, 27 infantry regiments were assigned to the Connecticut Line. This included the eight provincial regiments from 1775, Wooster’s Provisional Regiment (formed by consolidating the remnants of the original 1st, 4th, and 5th Regiments), the five numbered Continental regiments from 1776, the eight Connecticut regiments from 1777, S.B. Webb’s Additional Continental Regiment (which later became the 9th Connecticut Regiment), and four new regiments created by consolidation in 1781.

A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.

Item ordered may not be exact piece shown. All original and authentic.
Price: $260.00