COLONIAL FINANCIAL BROADSIDE.


An Exact TABLE, to bring Old Tenor into Lawful Money. Portsmouth, NH: Printed and Sold by Daniel & Robert Fowle, 1765. Printed broadside, 305 x 200 mm. Leaf folded horizontally and vertically, minor separation at upper center fold, light toning. An important colonial financial document, recording the exchange rates of the "Old Tenor," or earlier paper notes, to the newer "Lawful Money" issued by the government. One argument for a stronger federal government during the colonial era was to provide some economic stability for the currency. As this broadside indicates, it was not uncommon for new specie to be reissued at a different value than previous notes, leading to a complicated exchange system. One of Hamilton's strongest arguments for the creation of a National Bank was the desire to create a stable national currency valid in all states.