Details:

Thomas Buchanan & Co. partially printed bill of exchange dated June 29, 1789, issued in New York for £135 sterling. The financial instrument directs payment at ninety days sight to the London firm of Messrs. Coote & Reelfe, or order, for "One Hundred & Thirty Five Pounds Sterling," with the amount charged according to advice from George and John Buchanan, merchants in Glasgow. The document is executed "Thomas Buchanan & Co." and represents an attractive example of international banking and mercantile finance in New York during the first year of government under the United States Constitution.

The document measures approximately 7.75 x 4". Fine condition with expected age toning, original folds, minor edge wear, and handling wear.

Thomas Buchanan (1744-1815) was a prominent New York merchant and businessman active during the formative years of the city's commercial and financial development. Born in Scotland, Buchanan established himself in New York's mercantile community and developed extensive trading connections with Great Britain and the West Indies. His firm, Thomas Buchanan & Co., participated in the international system of credit and bills of exchange that financed American commerce during the late 18th century. Buchanan became one of New York's prosperous early merchants and was associated with the city's emerging banking and financial community during the early national period.

Authentication:
Includes a full letter of authenticity from JG Autographs, Inc.

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Reference sku: 11695 1419187-1