1777 dated State of Massachusetts Bay - Colonial Bond
Inv# CD1009 Bond
60 Pounds, 4 Shillings, 6% Bond with Independence Stamp of a man with Sword in Hand. Exceptional quality!
The Thirteen Colonies, also known as the Thirteen British Colonies, the Thirteen American Colonies, were a group of British colonies on the Atlantic coast of North America. Founded in the 17th and 18th centuries, the American Enlightenment led these colonies to revolution, and declaring full independence in July 1776. With victory over Britain in the American Revolutionary War the former colonies were confirmed as the new United States of America. Just prior to declaring independence, the Thirteen Colonies in their traditional groupings were: New England (New Hampshire; Massachusetts; Rhode Island; Connecticut); Middle (New York; New Jersey; Pennsylvania; Delaware); Southern (Maryland; Virginia; North Carolina; South Carolina; and Georgia). The Thirteen Colonies came to have very similar political, constitutional, and legal systems, dominated by Protestant English-speakers. The first of these colonies was Virginia Colony in 1607, a Southern colony. While all these colonies needed to become economically viable, the founding of the New England colonies, as well as the colonies of Maryland and Pennsylvania, were substantially motivated by their founders' concerns related to the practice of religion. The other colonies were founded for business and economic expansion. The Middle Colonies were established on an earlier Dutch colony, New Netherland. All the Thirteen Colonies were part of Britain's possessions in the New World, which also included territory in Canada, Florida, and the Caribbean.
The colonial population grew from about 2,000 to 2.4 million between 1625 and 1775, displacing Native Americans. This population included people subject to a system of slavery which was legal in all of the colonies prior to the American Revolutionary War. In the 18th century, the British government operated its colonies under a policy of mercantilism, in which the central government administered its possessions for the economic benefit of the mother country. Read more at https://en.wikipedia.org/wiki/Thirteen_Colonies
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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