Bank of New York, 1797 Issued and Cancelled Checks.

Currency:USD Category:Coins & Paper Money / Paper Money - United States Start Price:90.00 USD Estimated At:180.00 - 280.00 USD
Bank of New York, 1797 Issued and Cancelled Checks.
130.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Oct 29 @ 16:53UTC-4 : AST/EDT

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New York, NY. I/C Check for $5,436.50 made out to Armstrong & Barnewall from the New York Insurance Co.. Signed by Arch. Gracie, President? With Daniel Phenix as Secretary. Ck# 127. Cut and ink cancelled, VF to XF condition. In April 1784, Archibald Gracie sailed to America with a cargo of goods that were his own profit stock. He used the proceeds to invest in a mercantile company in New York City. He later moved to Petersburg, Virginia, and engaged in the export of tobacco to Great Britain. In 1793, he moved back to New York and became a commissary merchant and shipowner (Archibald Gracie and Sons, East India Merchants). Gracie was a business partner of Alexander Hamilton and a friend of John Jay. Gracie was a member of the Tontine Association, which supervised the trading of stocks. Gracie expanded his interests and became active in the banking and insurance industries. He was an incorporator of the Eagle Fire Insurance Company and vice president of the New York Insurance Company, a director of the United States Bank and of the Bank of America. Gracie Mansion on the East River in Manhattan on the Upper East Side was his residence which became the future home of NYC Mayors and is still there.