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Early Paper Money of America / Rhode Island / 1776 September 5

$66,670 (£20,001 Lawful Money) in legal tender Bills of Credit due on Sept. 5, 1782 pursuant to a Sept. 1776 Act. New border cuts and Arms on face. New borders were used on the backs of $1 and higher, while blank backs appear on $1/2 and lower. Printed on thick paper by John Carter. Bills of $2 and over were called for redemption by Nov. 1, 1778 pursuant to an Oct. 1777 Act. Signers were Welcome Arnold, Joseph Clarke, John Cole, James Congdon, John Dexter, Thomas Greene, Jonathan Hazard, and John G. Wanton. A £10,000 issue authorized at the July 18, 1776 Session was not emitted.
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