Early Paper Money of America / South Carolina / 1786 (City of Charleston)
£8,650 in Bills of the City of Charleston authorized by the July 12, 1786 and Oct. 20, 1786 City Ordinances to provide small denominations which were lacking in the May 1, 1786 State Loan Office issue. The City deposited £8,650 in Loan Office Bills with the Loan Office to secure the City issue. The city ordinances were repealed on July 21, 1788 when an Ordinance authorized an exchange issue of small bills. Printed by Abernethie. Signers were John Huger, T. Jones, Thomas Ropers, and John Webb. Other denominations are probable.
Gerry Tebben notes "The engraver listed just as Abernethie on the Ga. 10/16/1786 and City of Charleston 1786 and 1789 issues is likely THOMAS Abernethie, a Charleston copper-plate engraver and printer who died in 1795. He had two small claims to fame, engraving the first road map in North America and the maps for David Ramsay’s 1785 The History Of The Revolution Of South-Carolina, From A British Province To An Independent State, arguably the first book copyrighted in the United States. Ramsay, who lost money on his History, blamed it on high production costs, especially the $800 he paid for the engravings."2d Fine $3,450 Stack’s May, 2005
5s3d ABERNETIHE misspelled Very Fine $3,737 Stack’s May, 2005