Lot 259

"B Arnold" ANS on Pre-Rev. War Promissory Note Dating from His Days as a New Haven Merchant

Previous image preload Next image preload

"B Arnold" ANS on Pre-Rev. War Promissory Note Dating from His Days as a New Haven Merchant

Estimate: $4,500 - $5,500

Current Bid: $3,250

(6 Bids)

August 17, 2022 10:30 AM EDT
Live Auction
Wilton, CT, US

Description:

Benedict Arnold ANS on Pre-Rev. War Promissory Note Dating from His Days as a New Haven Merchant

A promissory note dated ca. January-March 1771, inscribed with 25+ words and signed by Benedict Arnold (1740-1801), as: "Received January 1771 in part of the within 594 feet Boards amtg to £1.6.9.. Received March 25th 1771 by the sight of Parcell Staves .. £2.8.3 on the within B Arnold." N.p. but almost certainly New Haven, Connecticut. The double-sided document is co-signed by Arnold's debtor Timothy Bradley recto. Docketed and with marginal mathematical calculations verso. Expected wear including paper folds. A vertical split has been repaired with adhesive tape that partly obscures about half a dozen words recto; this repair does not affect Arnold's inscription and signature verso. A few mounting traces, else near fine. The paper fragment measures 6.125" x 4.125" and is currently housed in a slab measuring 8.25" x 6.375." Accompanied by a Letter of Authenticity from James Spence Authentication, certification number BB86813, dated May 27, 2021.

Benedict Arnold loaned £6.10.2 to Timothy Bradley on January 23, 1771. Bradley's name appears in other business documents of this period linked with Arnold's, including May 1771 and August 1772 documents concerning New Haven real estate transactions.

The front of the promissory note is inscribed:

"I promise for Val[ue rece]ived this 23 Jany. 1771 to Pay Benedict Arnold or [Order], three weeks, six pounds Ten Shillgs. + two pence in g[] Oak Hogshead Staves at Fifty Shillgs per thousand [] good White Oak Boat or Square Edge Inch board a[] Five Shillgs. per thousand

£6.10.2

Timothy Bradley."

On the reverse of the document, Benedict Arnold in his role of creditor has acknowledged receipt of part of Bradley's debt, as:

"Received January 1771 in part of the within 594 feet Boards amtg to £1.6.9.. Received March 25th 1771 by the sight of Parcell Staves .. £2.8.3 on the within B Arnold."

Benedict Arnold had many Connecticut connections: born in Norwich, he was educated at a private school in neighboring Canterbury, and had been earmarked to attend Yale University before family financial reversals forced him to forego college. Arnold opened a shop selling books, sundries, and pharmaceuticals in New Haven, Connecticut around 1762. Two years later, in 1764, Arnold partnered with another enterprising New Haven merchant, Adam Babcock, to acquire a small fleet of West Indies trading vessels. Arnold became prosperous and married local girl Margaret Mansfield in 1767. In 1771, the year he signed this promissory note, Arnold hired architect Peter Harrison to build him a house on Water Street, New Haven. For the next several years leading up to the American Revolution, Arnold held a prominent and well-respected position in New Haven society. Arnold was elected a captain of the Connecticut militia in March 1775.

Arnold's debtor Timothy Bradley could have been lifelong New Haven resident Timothy Bradley (1731-1810), who would have been Arnold's contemporary.

This item comes with a Certificate from John Reznikoff, a premier authenticator for both major 3rd party authentication services, PSA and JSA (James Spence Authentications), as well as numerous auction houses.

WE PROVIDE IN-HOUSE SHIPPING WORLDWIDE!

Accepted Forms of Payment:

American Express, Discover, MasterCard, Money Order / Cashiers Check, Paypal, Personal Check, Visa, Wire Transfer

Shipping

Unless otherwise indicated, we do our own in-house worldwide shipping!

Applicable shipping and handling charges will be added to the invoice. We offer several shipping options, and remain one of the few auction houses who proudly provides professional in-house shipping as an option to our clients. All items will ship with signature required, and full insurance. Most items are sent via Federal Express, with P. O. Box addresses being sent through USPS. We insure through Berkley Asset Protection with rates of $.70 per $100 of value, among the lowest insurance rates in the industry. Our shipping department cameras document every package, both outgoing and incoming, for maximum security. In addition, we compare our shipping and handling rates against those of other auction houses, to ensure that our charges are among the lowest in the trade.

Upon winning your item(s), you will receive an invoice with our in-house shipping and handling fees included. ***We will ship to the address as it appears on your invoice. If any changes to the shipping address need to be made, you must inform us immediately.***

International shipments: In order to comply with our insurance provider, all international shipments will be sent via Fed Ex and customs paperwork will show a value of $1.00. International buyers should contact our office directly with any questions regarding this policy.

Third Party Shipping Option: If a third party shipper is preferred, the buyer is responsible for contacting them directly to make shipping arrangements. For your convenience, we have provided some recommended shippers. For your protection, we will require a signed release from you, confirming your authorization for us to release your lots to your specified third party Please copy and paste this following link into your browser: http://universityarchives.com/UserFiles/ShippingInfo.pdf. At that point, our responsibility and insurance coverage for your item(s) ceases. Items picked up by third party shippers are required to pay Connecticut sales tax. Items requiring third party shipping due to being oversized, fragile or bulky will be denoted in the item description.

Please see our full terms and conditions for names of suggested third party shippers.

After payment has been made in full, University Archives will ship your purchase within 10 business days following receipt of full payment for item.

Please remember that the buyer is responsible for all shipping costs from University Archives' offices in Wilton, CT to the buyer's door. Please see full Terms and Conditions of Sale.

University Archives

You agree to pay a buyer's premium of up to 25% and any applicable taxes and shipping.

View full terms and conditions

Bid Increments
From: To: Increments:
$0 $99 $10
$100 $299 $20
$300 $499 $25
$500 $999 $50
$1,000 $1,999 $100
$2,000 $2,999 $200
$3,000 $4,999 $250
$5,000 $9,999 $500
$10,000 $19,999 $1,000
$20,000 $49,999 $2,500
$50,000 + $5,000