04/14/2026
On this day in 1776 a notice was issued by the Continental Army: A bounty of 20 pounds is to be awarded to each soldier enlisting for 3 years within the next 10 days.
Massachusetts was the first colony to officially issue bills of credit to finance her militia and support the war effort. These notes were issued by the colony to circulate as money to be redeemed at a later date with funds from future taxes. By 1780 public confidence in the Continental currency had eroded, and the bills were not widely accepted as a result making them essentially worthless.
The image depicted here is courtesy of the Massachusetts Historical Society online collection and is an example of the latest bill of tender credit. "Sword in hand" serial no. 4365, issued for two shillings eight pence by the Massachusetts Bay Colony on December 7th, 1775 and due 1781. It is signed by D. Hopkins and engraved by Paul Revere.