DOI Signer Robert Morris Document Signed - Pays American Revolution Navy Captain
Item History & Price
DOCUMENT SIGNED BY ROBERT MORRIS, SIGNER OF THE DECLARATION OF INDEPENDENCE FROM PENNSYLVANIA AND FINANCIER OF THE AMERICAN REVOLUTION
Partly-printed document signed by “Robt. Morris” as President of the North American Land Company issuing a certificate to John Nicholson for, “forty four Shares in the entire P...roperty of the North American Land Company, the Dividend whereof shall not be less than Six Dollars on each share annually”. Nicholson (1756-1844) was an officer in the Continental Navy during the American Revolution who served as the captain of the USS Hornet. The document is one page, measures 12.5” by 9.5”, created in Philadelphia on February 20, 1795, and in fine condition with the signature having been crossed out.
MORRIS ISSUES SHARES FROM THE NORTH AMERICAN LAND COMPANY TO A AMERICAN REVOLUTION NAVAL CAPTAIN
Once one of the best known merchants in the Colonies whose reputation was enough to secure the necessary funding for the American Revolution, Morris ran into some tough times in the newly-formed United States of America. Following the war, a grateful government gave Morris large tracts of land, which he transformed into the North American Land Company, from which this document originated. However, the company failed in 1798 because projected revenue did not come in quickly enough to meet loan and tax deadlines, causing Morris to end up in debtors’ prison from 1798 to 1801. An interesting link between the Financier of the American Revolution and his eventual economic failure.