The article discusses the 18th century history of currency and banking in the colony of Massachusetts, focusing particularly on the Land Bank and the legal suits begun in 1743 in the General Court by Nathaniel Martyn, possessor of bills, against Samuel Stevens of Roxbury, one of the general partners of the Land Bank. The negotiable notes issued by the Bank, known as Manufactory notes or bills, and were made redeemable when Great Britain's Parliament passed an act for the suppression of the Land Bank. The article also discusses the directors of the Bank, the 1742 legal suit brought by Stevens against the Bank's directors, and the final legal proceedings of 1767 involving Steven's son Timothy Stevens.
The General Court and Quarrels Between Individuals Arising From the Land Bank.
Publication Date
Volume
11
Part
1
Page Range
351-368
Proceedings Genre