You are here

Letters to and from Bancker about Suspected Counterfeits, 1789

Letter from Walter Wimple, 1789

Letter from Walter Wimple, 1789

New York State Archives, NYSA_A0847-77_B1_F2_14
Document Description
Letters discussing counterfeit certificates used for payment, 1789.
Claverack 3rd Dec 1789
Enclosed I send you a certificate for examination. I was fearful that the one for 27000 was counterfeit. There are a number of certificates about the country given by Col. Remplar and L. Drummond for wheat different from the enclosed. I shall be happy to know if they will answer on the Arrears now collecting. The person that owns the enclosed has the miller's receipt for the delivery of the wheat. You will please to write me as soon as possible & acquaint me what I am to allow for a bushel of wheat where the sum is not specified.
I am very sorry to put you to all this trouble but I see no way to avoid it. I wish to do the business properly. I am with much respect, Sir, Yr. much obliged H. Servant Walter Wimple

NY Dec 6th 1789
Dr. Sir
            Here inclosed I return the four certificates which you sent in your two letters. The Certificate for 27.10 is one of those given for Horses – described in the Law of 12th May 1784. And is receivable. These horse certificates were agreeable to Law issued by me with Blanks which were filled up by the person who purchased the Horses. The other three inclosed certificates not being described in the Law of 12th May 1784 cannot be received.
The Certificates issued from the Treasury are by Law passed 15th March 1788 made receivable.
Nor can the Certificates you mention issued by Col Ruplen & Dermond be received
And occasions a diversity of hand writings in them

Historical Context
The American Revolution created a large national debt with millions owed to the French and Dutch governments. Individual states were also heavily in debt. Individual investors who purchased war bonds worried that they would never be able to reclaim their investment.
Each state created its own currency which was rejected by other countries in favor of gold and silver. The financial security of the new nation was threatened by a lack of hard currency backed by gold or silver. Congress took steps to repay the debt and stabilize the new American economy.

Create a New Worksheet for This Document