A Promissory Note to Banker Stephen Girard, Endorsed by Him on the Verso
Stephen Girard was a banker who personally saved the U.S. government from financial collapse during the War of 1812, and became one of the wealthiest men in America, estimated to have been the fourth richest American of all time based on the ratio of his fortune to contemporary GDP. Childless, he devoted...
Stephen Girard was a banker who personally saved the U.S. government from financial collapse during the War of 1812, and became one of the wealthiest men in America, estimated to have been the fourth richest American of all time based on the ratio of his fortune to contemporary GDP. Childless, he devoted much of his fortune to philanthropy, particularly the education and welfare of orphans. John Claxton owned a book shop in Philadelphia, and apparently needed the then substantial amount of $2250, likely for the purchase of inventory or a shop location.
A promissary note from Claxton to Girard, Philadelphia, August 27, 1811, stating “Six months after date, I promise to pay Stephen Girard or to order without defalcation Twenty two hundred fifty dollars, value received.” The note is endorsed by Girard on the verso. The debt must have been paid in full, as the Claxton signature is cancelled. Very slightly trimmed on the left margin.
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