Early Paper Money of America / Rhode Island / 1758 May 8
£10,000 in Lawful Money with legal tender status issued pursuant to the May 1758 Act and redeemable with 5% interest on May 8, 1763. Protests that rate of interest should be 3% were made. The same style appears as on the Feb. 27, 1756 issue. Printed backs. An issue of bills authorized by the Mar. 17, 1758 Act was not emitted. Signers were Joshua Babcock, Jabez Bowen, Joseph Clarke, Jeremiah Lippitt, and Benjamin Nichols.