1777 dated State of Massachusetts Bay Colonial Bond - American Revolutionary War
Inv# CD1009B Bond
15 Pounds 6% Bond with Independence Stamp of a Man with Sword in Hand. Exceptional quality!
Henry Gardner Sr. (1731-October 7, 1782) was an American politician who held the positions of Treasurer of the Commonwealth of Massachusetts and the Colony of Massachusetts Bay. In 1774, the Provisional Congress of Massachusetts appointed him receiver general and treasurer. Gardner resided in Stow, Massachusetts, but relocated to Dorchester, Massachusetts, in 1778, the same year he married Hannah Clap, a native of Dorchester. Together, they had two children.
In 1774, the Massachusetts Provincial Congress appointed Gardner as the treasurer of the Massachusetts Bay Colony. Later, in 1780, upon the adoption of the new state constitution, he was appointed the first treasurer and receiver general of the State of Massachusetts. He served in this position until his passing on October 7, 1782. Notably, Gardner’s grandson, also named Henry Gardner, held the esteemed position of Governor of Massachusetts during the 1850s.
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.
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