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Early Paper Money of America / Rhode Island / 1737 August 15

£20,000 out of £30,000 in engraved Bills of Credit authorized by the June 1737 Act to exchange for half and quarter sections of bills of the prior issues. Because the redated "large plate" of the June 14, 1726 issue was in poor condition, as evidenced by instructions to have it "cleaned or new cut," new plates for the face and back were engraved for the high denominations. Delays and illness occurred and Samuel Vernon, Jr., had to be substituted for his father as printer. The motto on the Arms was changed to IN TE DOMINE SPERAVI (In you, Lord, I have had hope). Same signers as the issue of July 5, 1715 redated 1737.
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