Payments Made on Account of Depreciation
Document 1791Howell discusses the inquiry he has made into the payments or advances made by five States to their officers and men on account of depreciation.
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Sir
Agreeably to your request I have made some enquiry relative to payments, or advances made by the State to their Officers & Men on account of depreciation in the course of this enquiry I find.
New York. Did not make any advances prior to the [undecipherable] of 1780, but from that period to the 1 Janry [undecipherable] 1782 they paid their Officers & Men in [undecipherable: Gold] and Species & Settled with the Troops for the pay of 1781 and [undecipherable: issued] Certificates for the latter which Certificates were taken in payment of Forfeited Estates.
Connecticut. Settled with the Troops for depreciation [undecipherable] to the 1 [undecipherable: Jan] 1782. The balance that was due for depreciation to the 1 [undecipherable: Jan] 1782 was divided into four installments, the [undecipherable: first] [undecipherable] of which were paid by the [undecipherable: Treasurer] of that State in [undecipherable: Gold], these Certificates had interest calculated on them from 1 [undecipherable: Jan] 1780 to the 1 [undecipherable: June] 1782, any [undecipherable] that in the [undecipherable: first] installment there was a depreciation of about 19 [undecipherable] which was in the [undecipherable] in circulation. The [undecipherable] of these Certificates were taken in [undecipherable] & made redeemable to [undecipherable] [undecipherable] & those who could keep them [undecipherable]
[undecipherable] the [undecipherable: Bank], or may receive it at the [undecipherable] of [undecipherable] Redeemability.
Maryland — paid no part on account of depreciation, but advanced & Men pay [undecipherable] from the 1 Augt 1780 to 1 [undecipherable: Jan] [undecipherable] in what was called [undecipherable] Money equal to Gold & Silver.
North Carolina. Settled with their Troops to the 1 [undecipherable: Jan] 1782, and paid them one fourth part in Cash, i.e. in their paper, but which at the time of payment was equal to Specie.
Massachusetts. made no advances that I can learn.
of the other States I cannot obtain any information
I am Sir
your Obd. Servt.
Joseph [undecipherable: Howell]
Septemr 2[undecipherable] 1791
General [undecipherable: Knox]
Type
Autograph Letter Signed
Description
Howell discusses the inquiry he has made into the payments or advances made by five States to their officers and men on account of depreciation.
Date
09/02/1791
Author
Recipient
Collection
Document number
1791090221001
Page start
1
Notable persons
William Irvine
Joseph Howell
Treasury
Notable locations
New York
Connecticut
Maryland
North Carolina
Massachusetts
Notable items
payments in advance
depreciation
cash
pay of 1781
certificate for the balance
forfeited estates
installments
taxes
period of its redeemability

