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THB1741 Colonial Rhode Island Document LAND BANK Loan from the Colony Secured by South Kingston Land
Lot 54
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Early American History Auctions
1520 Commerce St., #312
Winchester, VA 22601
United States
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About Auction
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By Early American History Auctions
Dec 20, 2025
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2025-12-20 12:00:00
2025-12-20 12:00:00
America/New_York
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Bidsquare : Early American History Auctions - December 20, 2025
https://www.bidsquare.com/auctions/early-american-history-auctions/early-american-history-auctions---december-20-2025-21473
199 Lots of Rare, Historic Autographs, Americana, Civil War Era, George Washington, Revolutionary War Era, Colonial America, Federal Period, War of 1812, Historic Maps & more. Early American History Auctions auctions@earlyamerican.com
199 Lots of Rare, Historic Autographs, Americana, Civil War Era, George Washington, Revolutionary War Era, Colonial America, Federal Period, War of 1812, Historic Maps & more. Early American History Auctions auctions@earlyamerican.com
View Full Catalog (199)
- Lot Description
Rhode Island Currency
1741 Colonial Rhode Island Document "LAND BANK" Loan from the Colony Secured by Land in South Kingston
June 22, 1741-Dated Colonial Partially-Printed Document, a Mortgage Deed agreement between Benjamin Peckham of South Kingston, Rhode Island and a group of Trustees for the Colony of Rhode Island, conveying a parcel of land in exchange for a "LAND BANK" loan from the Colony, Fine.
A scarce Rhode Island Colonial "LAND BANK" a Colonial Currency related document, 1 page, measuring 12.5" x 15.5", is a Mortgage Deed agreement between Benjamin Peckham of South Kingston, and six named "Trustees for said Colony, appointed by an Act of the General Assembly... authorized to emit upon Loan, Twenty Thousand Pound in Bills of Public Credit" (Colonial Currency), in which Benjamin Peckham, in consideration of the sum of 195 Pounds "Bills of Public Credit of said Colony, and equivalent to Silver, rated at Six Shillings and Nine Pence per Ounce or Gold to its proportionate value," conveys a 65 acre parcel of land in South Kingston, "to the sole use and Behoof of the Colony forever." It further provides that if Peckham pays back the loan from the Colony with interest as provided by law, the deed will be discharged and rendered null, void and of no effect. Signed by Benjamin Peckham and two witnesses, Benjamin Nichols and Daniel Gould who signs as Justice of the Peace, certifying Peckham's signature. Circular stain where a wax & paper seal was once affixed, and there is some damp staining and overall tone, with much press text embossing still present from its printing press typesetting.
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